Good time to buy GPUs?

[swogerino]

The prices are going down in international markets like Amazon and Ebay but I think we just need to a wait a little bit more. We need to wait the moment when a Rx 470/570 series to be 100 dollars each and we can then build a mining rig with 6 cards with only 800-900 dollars.

That is the time when it is worth to buy graphic cards, though the rewards from mining with graphic cards are going down slightly day by day.

[Iannn]

I picked up a two month old MSI 1070ti off Ebay for $295.  Before that the last one I bought was a 1060 for $350 so yeah seems like a good time to buy.  Who knows what tomorrow will bring. 

[agente]

I picked up a two month old MSI 1070ti off Ebay for $295.  Before that the last one I bought was a 1060 for $350 so yeah seems like a good time to buy.  Who knows what tomorrow will bring. 

https://www.ebay.com/itm/273352259701

259$ but Inno3d. Price coming down..

[mineshop.eu]

Prices is coming down indeed.
Im mining altcoins for its 3rd year now, and have made the most profit when it is unprofitable to mine in bear market. This means the difficulty doesnt increase as fast or is decreasing.
I do prefer mining then investing in coins.
Lets take an example why :
1.You have invested in 10 ether 1 year ago and bought the coin at 300 usd (total value 3000 usd) https://coinmarketcap.com/currencies/ethereum/historical-data/?start=20170820&end=20170820 and still haven't sold by today, so it means in 1 year you haven't gained anything.
2.you have bought a ethereum mining rig https://mineshop.eu/ethereum-miner/ethereum-miner-eth-gpu-mining-amd-rx470/ for the same amount of money you have invested in ethereum year ago by now you would have mined about 10eth , power cost for one year mining at 0.13c which is about average worldwide would use about 900usd in power costs.

If the results will be the same moving forward then there is no doubt to mine the currency is more profitable them buy it, if you have bought the coins you have no made any profit. But if you have mined coins you have made profit 10eth + you still own mining equipment which you can use for coin mining if you look well after mining rig. I have mining rigs which are mining for its 3rd year now and there is no issues with them. Also they still have resale value, or you can use them for other stuff like gaming/rendering....etc

But the of course there is a lot of risk and not always you would make more money mining, the secret is to choose right hardware.

[toptek12]

Prices is coming down indeed.
Im mining altcoins for its 3rd year now, and have made the most profit when it is unprofitable to mine in bear market. This means the difficulty doesnt increase as fast or is decreasing.
I do prefer mining then investing in coins.
Lets take an example why :
1.You have invested in 10 ether 1 year ago and bought the coin at 300 usd (total value 3000 usd) https://coinmarketcap.com/currencies/ethereum/historical-data/?start=20170820&end=20170820 and still haven't sold by today, so it means in 1 year you haven't gained anything.
2.you have bought a ethereum mining rig https://mineshop.eu/ethereum-miner/ethereum-miner-eth-gpu-mining-amd-rx470/ for the same amount of money you have invested in ethereum year ago by now you would have mined about 10eth , power cost for one year mining at 0.13c which is about average worldwide would use about 900usd in power costs.

If the results will be the same moving forward then there is no doubt to mine the currency is more profitable them buy it, if you have bought the coins you have no made any profit. But if you have mined coins you have made profit 10eth + you still own mining equipment which you can use for coin mining if you look well after mining rig. I have mining rigs which are mining for its 3rd year now and there is no issues with them. Also they still have resale value, or you can use them for other stuff like gaming/rendering....etc

But the of course there is a lot of risk and not always you would make more money mining, the secret is to choose right hardware.

watch out you will have traders try to tell you different for what ever reason but i do agree an why i keep mining with GPU .
after all we need miners with GPU CPU and ASIC to produce new coins that may come out or old coins or they can't trade unless it's a coin that can't be mind an those coins don't seem to last long , those coins are more scam like because no real hard work goes into making them.

[mineshop.eu]

Prices is coming down indeed.
Im mining altcoins for its 3rd year now, and have made the most profit when it is unprofitable to mine in bear market. This means the difficulty doesnt increase as fast or is decreasing.
I do prefer mining then investing in coins.
Lets take an example why :
1.You have invested in 10 ether 1 year ago and bought the coin at 300 usd (total value 3000 usd) https://coinmarketcap.com/currencies/ethereum/historical-data/?start=20170820&end=20170820 and still haven't sold by today, so it means in 1 year you haven't gained anything.
2.you have bought a ethereum mining rig https://mineshop.eu/ethereum-miner/ethereum-miner-eth-gpu-mining-amd-rx470/ for the same amount of money you have invested in ethereum year ago by now you would have mined about 10eth , power cost for one year mining at 0.13c which is about average worldwide would use about 900usd in power costs.

If the results will be the same moving forward then there is no doubt to mine the currency is more profitable them buy it, if you have bought the coins you have no made any profit. But if you have mined coins you have made profit 10eth + you still own mining equipment which you can use for coin mining if you look well after mining rig. I have mining rigs which are mining for its 3rd year now and there is no issues with them. Also they still have resale value, or you can use them for other stuff like gaming/rendering....etc

But the of course there is a lot of risk and not always you would make more money mining, the secret is to choose right hardware.

watch out you will have traders try to tell you different for what ever reason but i do agree an why i keep mining with GPU .
after all we need miners with GPU CPU and ASIC to produce new coins that may come out or old coins or they can't trade unless it's a coin that can't be mind an those coins don't seem to last long , those coins are more scam like because no real hard work goes into making them.

Yes of course there is another way of making money, by the way traders can trade mined coins also, so double the profit is they are so good at it

[Angel Di]

I am not a professional miner, I just want to learn how to do it, to mine bitcoin. I was wondering when it was best to buy mining equipment. Perhaps now the bottom of bitcoin and the best time to buy equipment, is it?

[leonix007]

I am not a professional miner, I just want to learn how to do it, to mine bitcoin. I was wondering when it was best to buy mining equipment. Perhaps now the bottom of bitcoin and the best time to buy equipment, is it?

yep you bet, this is one of the best time to buy a rig

its logical that price would be at its lowest in bear market as its also low on demands due to mining profitability

however, this threads are for GPU's

Bitcoin is for ASICs

[mineshop.eu]

I am not a professional miner, I just want to learn how to do it, to mine bitcoin. I was wondering when it was best to buy mining equipment. Perhaps now the bottom of bitcoin and the best time to buy equipment, is it?

Yes buying mining equipment is the same as you buy currency for trading. Buy low sell high.
When not so profitable to mine , equipment will be much cheaper.

[ojcrisanto]

I picked up a two month old MSI 1070ti off Ebay for $295.  Before that the last one I bought was a 1060 for $350 so yeah seems like a good time to buy.  Who knows what tomorrow will bring. 

Woah that is really a win win situation for me. Rx 580 8gb brand in our area cost $245 now. I love the price that happening right now.

[sparker327]

Been mining for almost 1.5 years now. As time goes, so is my GPU count. Built 2 nvidia powered rigs, up and running smoothly. BTC prices are so unpredictable, and so are the altcoin prices which are almost a reflection of what BTC has become today. nvidia might launch new gpus anytime sooner or may be longer than expected. My doubt is that, once a new range of gpus are launched, the older gpus will be out of circulation, right? Well in that case older gpus will not be available then. And for the new gpus, the price will never look similar to the older ones. So, is it really the right time to buy gpus which is available for cheaper price [not so much] in my city? [provided BTC will not suffer much in the coming months] or should I choose not to buy now?

why dont you pick up the new NVIDIA RTX2070 or 2080? screw the older GPUs get on board with the NEW stuff before the prices double  http://www.alphr.com/technology/1009804/nvidia-geforce-gtx-2080-release-date

[gotminer]

Been mining for almost 1.5 years now. As time goes, so is my GPU count. Built 2 nvidia powered rigs, up and running smoothly. BTC prices are so unpredictable, and so are the altcoin prices which are almost a reflection of what BTC has become today. nvidia might launch new gpus anytime sooner or may be longer than expected. My doubt is that, once a new range of gpus are launched, the older gpus will be out of circulation, right? Well in that case older gpus will not be available then. And for the new gpus, the price will never look similar to the older ones. So, is it really the right time to buy gpus which is available for cheaper price [not so much] in my city? [provided BTC will not suffer much in the coming months] or should I choose not to buy now?

why dont you pick up the new NVIDIA RTX2070 or 2080? screw the older GPUs get on board with the NEW stuff before the prices double  http://www.alphr.com/technology/1009804/nvidia-geforce-gtx-2080-release-date

Currently too expensive for the performance.

[revenant2017]

Been mining for almost 1.5 years now. As time goes, so is my GPU count. Built 2 nvidia powered rigs, up and running smoothly. BTC prices are so unpredictable, and so are the altcoin prices which are almost a reflection of what BTC has become today. nvidia might launch new gpus anytime sooner or may be longer than expected. My doubt is that, once a new range of gpus are launched, the older gpus will be out of circulation, right? Well in that case older gpus will not be available then. And for the new gpus, the price will never look similar to the older ones. So, is it really the right time to buy gpus which is available for cheaper price [not so much] in my city? [provided BTC will not suffer much in the coming months] or should I choose not to buy now?

why dont you pick up the new NVIDIA RTX2070 or 2080? screw the older GPUs get on board with the NEW stuff before the prices double  http://www.alphr.com/technology/1009804/nvidia-geforce-gtx-2080-release-date

There's only a few difference between the Pascal series and the new turing series. The only thing that makes the "Turing" expensive, as stated by Huang is the Ray Tracing Technology which is 8x faster than 1080ti. But that is that the overall performance of the card. It can easily be noticed that the cuda core count and bandwidth speed is only a little bit higher than 1080ti. The only reasonable priced GPU will be in the range of 2060 that has no ray tracing technology.

[Msobh]

only if rx 580 reach 100-150$

[Piskeante]

in my country, in the biggest retalier , the cheapest RX 580 4GB costs 315$ more or less.

the real deals are in Ebay.

[dragonmike]

I got my Asus RX 570's for £180 in April 2017.
Until now they're still selling for more than that in the UK. I think some retailers are sitting on stock and still live in lala-land (expecting to see them go at £300 still...). I think the prices will come down more in the next 3 months.

[badbart]

I am not a professional miner, I just want to learn how to do it, to mine bitcoin. I was wondering when it was best to buy mining equipment. Perhaps now the bottom of bitcoin and the best time to buy equipment, is it?

yep you bet, this is one of the best time to buy a rig

its logical that price would be at its lowest in bear market as its also low on demands due to mining profitability

however, this threads are for GPU's

Bitcoin is for ASICs

Right now would be great but once ether goes pos what do you mine?  When and if pos goes into effect all the ether hashing power is going to go to the other coins and make them all unprofitable.  I'd love to build more rigs but I can't convince myself their are going to be other coins worth mining.

[ARENA-DEV]

No the market is still way too high, also with the upcoming release of the 11 series I think you are better off waiting.

[gotminer]

No the market is still way too high, also with the upcoming release of the 11 series I think you are better off waiting.

I'd pass on the new cards at the current prices, to be honest.  If I were going to buy gpu's right now (which I'm not), I would try to find deals on 1080ti's or Vega's.

[mineshop.eu]

I am not a professional miner, I just want to learn how to do it, to mine bitcoin. I was wondering when it was best to buy mining equipment. Perhaps now the bottom of bitcoin and the best time to buy equipment, is it?

yep you bet, this is one of the best time to buy a rig

its logical that price would be at its lowest in bear market as its also low on demands due to mining profitability

however, this threads are for GPU's

Bitcoin is for ASICs
Monero networkis quite big also , you never now there might come another pow coin which would clime up in marketcap and would be profitable to mine. And there is couple on the line gpu minable coins which are close to 1bilj marketcap which mainets havent been launched yet.

Right now would be great but once ether goes pos what do you mine?  When and if pos goes into effect all the ether hashing power is going to go to the other coins and make them all unprofitable.  I'd love to build more rigs but I can't convince myself their are going to be other coins worth mining.