Good time to buy GPUs?

[leowonderful]

Totally agree. Only started mining ETH end of last year. Then the difficulty spiked up drastically. Now have to fork out money every month for the electricity. Will continue until all the GPUs die.

Why would you keep mining at a loss when you could just sell your GPUs and buy in at market price? When you're mining at a loss, you're essentially buying coins above market level and it makes better sense to just pull the plug and buy in whatever coin you're mining (ETH in this case) and just hold until you want to sell, and you won't be left with dead, useless cards on your hands.

Unfortunately, in my country I couldn't sell GPUs [may be 1 or 2]. I still dont hit the bottom with my GPUs, just about to if the situation becomes further chaotic. It is still profitable but not much. If I need to trade like you suggested then I should have myself some $3000 daily.

I see. If you're willing to sell your cards online shipped, it is possible to go to the Computer Hardware section and make a listing for your cards (only accept buyers willing to make an escrowed transaction in this case). If you do things right, there's little risk and you can select what methods of payment you want in exchange for your cards, and you'll get good amounts of site traffic to your listing. Just a suggestion, I myself have sold lots of hardware through the forums and I've never gotten burned like if I had sold through eBay or any other online marketplace.

[1715107324]

1715107324

[nur1labs]

Totally agree. Only started mining ETH end of last year. Then the difficulty spiked up drastically. Now have to fork out money every month for the electricity. Will continue until all the GPUs die.

Why would you keep mining at a loss when you could just sell your GPUs and buy in at market price? When you're mining at a loss, you're essentially buying coins above market level and it makes better sense to just pull the plug and buy in whatever coin you're mining (ETH in this case) and just hold until you want to sell, and you won't be left with dead, useless cards on your hands.

Unfortunately, in my country I couldn't sell GPUs [may be 1 or 2]. I still dont hit the bottom with my GPUs, just about to if the situation becomes further chaotic. It is still profitable but not much. If I need to trade like you suggested then I should have myself some $3000 daily.

I see. If you're willing to sell your cards online shipped, it is possible to go to the Computer Hardware section and make a listing for your cards (only accept buyers willing to make an escrowed transaction in this case). If you do things right, there's little risk and you can select what methods of payment you want in exchange for your cards, and you'll get good amounts of site traffic to your listing. Just a suggestion, I myself have sold lots of hardware through the forums and I've never gotten burned like if I had sold through eBay or any other online marketplace.

well no for ebay sir. far away from asia. if them have server asia. or better cash out. because it's expensive. prefer ali-express.

[Manojdaran]

Totally agree. Only started mining ETH end of last year. Then the difficulty spiked up drastically. Now have to fork out money every month for the electricity. Will continue until all the GPUs die.

Why would you keep mining at a loss when you could just sell your GPUs and buy in at market price? When you're mining at a loss, you're essentially buying coins above market level and it makes better sense to just pull the plug and buy in whatever coin you're mining (ETH in this case) and just hold until you want to sell, and you won't be left with dead, useless cards on your hands.

Unfortunately, in my country I couldn't sell GPUs [may be 1 or 2]. I still dont hit the bottom with my GPUs, just about to if the situation becomes further chaotic. It is still profitable but not much. If I need to trade like you suggested then I should have myself some $3000 daily.

I see. If you're willing to sell your cards online shipped, it is possible to go to the Computer Hardware section and make a listing for your cards (only accept buyers willing to make an escrowed transaction in this case). If you do things right, there's little risk and you can select what methods of payment you want in exchange for your cards, and you'll get good amounts of site traffic to your listing. Just a suggestion, I myself have sold lots of hardware through the forums and I've never gotten burned like if I had sold through eBay or any other online marketplace.

Noted, will look into it. Hope that situation never comes.

[nur1labs]

just try ali-express im used that for faster.

[mojoxc]

It's called diversity don't have all of one type of rig or technology.

[stellaekun]

at the peak of the market craze late last year, almost all produces of gpus were having their gpus over bought, now a lot of miners are selling them off as mining profitability has dropped significantly. It may make a lot of economic sense to get them now.demand is low

[nur1labs]

at the peak of the market craze late last year, almost all produces of gpus were having their gpus over bought, now a lot of miners are selling them off as mining profitability has dropped significantly. It may make a lot of economic sense to get them now.demand is low

they move to asic. many of them but for now he ask if good time buy. yes. many altcoin for mine and sell still profit even small...+ do electricity low cost~

[leowonderful]

just try ali-express im used that for faster.

Unfortunately not all of us live close to Asia, and there are better options for those of us living in Europe or North America like this forum. I didn't even suggest using eBay because that place is just fraud city now, unless you're a buyer. There's no reason to use eBay anymore when there's better sites to sell on that don't back the buyer even if he's sending back rocks, etc.

I will say that AliExpress is okay for electronics in general though, as long as you're prepared to wait a bit for your products. They've always come through for me as a buyer so far, but I have no idea how it is as a seller. Taobao and Alibaba have also worked for me through the use of reshipping services in the past as well.

[nur1labs]

just try ali-express im used that for faster.

Unfortunately not all of us live close to Asia, and there are better options for those of us living in Europe or North America like this forum. I didn't even suggest using eBay because that place is just fraud city now, unless you're a buyer. There's no reason to use eBay anymore when there's better sites to sell on that don't back the buyer even if he's sending back rocks, etc.

I will say that AliExpress is okay for electronics in general though, as long as you're prepared to wait a bit for your products. They've always come through for me as a buyer so far, but I have no idea how it is as a seller. Taobao and Alibaba have also worked for me through the use of reshipping services in the past as well.

well. maybe because we far from e-bay. for ali express on alibaba we can complain to them if the gpu not arrive they nice too. so i think good. if better outside there pay used crypto but many fraud. like my friend case. they buy gpu but got hoe. lol [that not funny]. still research good seller for crypto payment + trusted.

[Looden]

I stays as I do since 1.5 years. Cant decide to buy GPUs. Dont know really, ROI is too high for a long time.When I bought my 1070s, ETH roi was 5-6 months(electriticy except). Now, terrible times.

[nur1labs]

I stays as I do since 1.5 years. Cant decide to buy GPUs. Dont know really, ROI is too high for a long time.When I bought my 1070s, ETH roi was 5-6 months(electriticy except). Now, terrible times.

well why not try another alt?if some trust i think so....im used them as decoy when main thing gpu for zcash 

decoy mean we mine the low one for close the electric problem. i used liquid water now. sunk gpu to aquarium 

[Batelk]

I stays as I do since 1.5 years. Cant decide to buy GPUs. Dont know really, ROI is too high for a long time.When I bought my 1070s, ETH roi was 5-6 months(electriticy except). Now, terrible times.

When I bought GPU for mining, the ROI was about the 6-9 months. Then the coins price rose a lot, the ROI became 3 months.

[nur1labs]

I stays as I do since 1.5 years. Cant decide to buy GPUs. Dont know really, ROI is too high for a long time.When I bought my 1070s, ETH roi was 5-6 months(electriticy except). Now, terrible times.

When I bought GPU for mining, the ROI was about the 6-9 months. Then the coins price rose a lot, the ROI became 3 months.

more mining they hold much price rocket....the unique we can mine altcoin then sell when that coin long roi....so strategy is key~

[swogerino]

I am not sure now if it even is a good time to buy a Gpu or Gpu-s. Prices of Gpu-s are falling in international markets , the same thing being reflected here in the section of computer hardware of this forum. The increase in difficulty, wait not the increase, but the spike in difficulty for many different well known coins that can be mined with Gpu has made profitability worthless.

Imagine one board with 6 Rx 570 makes only 3 dollars daily with Winminer mining Ethash coins, different coins.

I wonder if this spike in difficulty since it is the second year that is happening in the same time has something to do with school persons who are on vacation and they join the mining fun maybe ?

[damba_]

I don't think it's good time to buy new gpus since there are rumors that Nvidia should launch new gpus this month.
If that's true and new gpus are good at mining, old one will probably be much cheaper.

[nur1labs]

I don't think it's good time to buy new gpus since there are rumors that Nvidia should launch new gpus this month.
If that's true and new gpus are good at mining, old one will probably be much cheaper.

cheaper but can profit for new coins or small difficulty and for research.

[eTherertradderr]

The answer to the question as always remains a no and it is a bad time to buy GPU.

[nur1labs]

The answer to the question as always remains a no and it is a bad time to buy GPU.

lol i think some side yes. maybe for small cash. the time is fly if you buy cheap why not?im know miners risk it for ROI. what i said profit in case there new coins. so yes. we not just mine ether dude~

[jmigdlc99]

The answer to the question as always remains a no and it is a bad time to buy GPU.

lol i think some side yes. maybe for small cash. the time is fly if you buy cheap why not?im know miners risk it for ROI. what i said profit in case there new coins. so yes. we not just mine ether dude~

Buying GPUs now is like buying into a pyramid/ponzi scheme right before it collapses. GPU mining is now threatened by a number of factors such as ASICs, algorithm updates, new designs, etc, etc. There is no more IF when talking about when GPU mining will end. Sadly, it's now only a matter of WHEN, GPU mining will end.

[Marvell2]

The answer to the question as always remains a no and it is a bad time to buy GPU.

lol i think some side yes. maybe for small cash. the time is fly if you buy cheap why not?im know miners risk it for ROI. what i said profit in case there new coins. so yes. we not just mine ether dude~

Buying GPUs now is like buying into a pyramid/ponzi scheme right before it collapses. GPU mining is now threatened by a number of factors such as ASICs, algorithm updates, new designs, etc, etc. There is no more IF when talking about when GPU mining will end. Sadly, it's now only a matter of WHEN, GPU mining will end.

buying now yeah is risky but ending? gtfo