advise seeked: what should I do with my miners (28x gpus)

[meru890]

I still got 3 rigs laying around with 28x rx580+ 8gb cards and don’t know what to do to be honest. Where would you place the value of this system? As I see it I got basically 3 options

pictures of my rig:

https://www.directupload.net/file/d/5591/azfzqev6_jpg.htm
https://www.directupload.net/file/d/5591/ro5ng8o7_jpg.htm
https://www.directupload.net/file/d/5591/7ncwbeag_jpg.htm
https://www.directupload.net/file/d/5591/lblwm6b6_jpg.htm
https://www.directupload.net/file/d/5591/j72s3tin_jpg.htm
https://www.directupload.net/file/d/5591/rjylwjsy_jpg.htm
https://www.directupload.net/file/d/5591/k6xag7bn_jpg.htm


options:
1. sell the miner right now dirt cheap and hope to find some enthusiast (but who would by a miner now?!)
2. try to sell each gpu / psu solely (would work but lot of effort
3. wait and hope in a couple of months prices are better in order to sell my miners

As I see it currently with the market, development, pos on the horizon etc. it will just getting worse. Hardware will just lose more value and hashrates gonna continue raising so I need to act now. Would favor a solution to sell all at once but would take a huge loss anyway. My PSU I could sell probably with a moderate loss, rx580 is overfloating the market. In my country (Switzerland) new card is retailed around 220 dollars, second hand you get them between 120 - 180.

Rig 01:
Board:  ASRock 110 Pro BTC+
CPU: Intel Celeron G3900, 2,8 GHz (Skylake) Sockel 1151 - boxed
RAM: 1x Crucial Value Series DDR4-2133, CL15 - 4 GB
PSU: 2x EVGA Supernova 750G2
GPU: 8x Sapphire RX580 NITRO+ SE (8GB, High End)
SSD: Western Digital WD Green (120GB, 2.5")

Rig 02:
Board:  ASRock 110 Pro BTC+
CPU: Intel Celeron G3900, 2,8 GHz (Skylake) Sockel 1151 - boxed
RAM: 2x Crucial Value Series DDR4-2133, CL15 - 4 GB (total 8gb)
PSU: 1x Corsair HX1200i + 2x Corsair HX750i
GPU: 7x Sapphire RX580 NITRO+ (8GB, High End)
SSD: Western Digital WD Green (120GB, 2.5")

Rig 03:
Board: Asus B250 Mining Edition
CPU: Intel Celeron G3900, 2,8 GHz (Skylake) Sockel 1151 - boxed
RAM: 2x Crucial Value Series DDR4-2133, CL15 - 4 GB (total 8gb)
PSU: 1x Corsair HX1200i + 2x Corsair HX750i
GPU: 13x Sapphire RX580 NITRO+ (8GB, High End)
SSD: Kingston A400 (120GB, 2.5")

/edit: what would be the price for the whole system? 4000 dollars? Well probably not even find someone who would pay so much to make it back I would pay only around 2500 hahahah. By the way stats: around 860 mh/s / 3850 watt.

[1715443179]

1715443179

[1715443179]

1715443179

[Q_R_V]

You can either sell parts separately to get better prices or find place with dirt-cheap electricity and continue mining. I see no third option that will be reasonable.

[meru890]

You can either sell parts separately to get better prices or find place with dirt-cheap electricity and continue mining. I see no third option that will be reasonable.

No such places unfortunately, have to go out completely, so then sell parts separately is the way to go.

[minerja]

Hi,

Which country are you in please?

[jmigdlc99]

2. try to sell each gpu / psu solely (would work but lot of effort)

I'd go for option 2 and sell them individually. I also had to do the same when i quit mining a year ago so i may know how difficult it is. It depends on where you live but i think your best chance would be to sell GPUs and motherboards to gamers and sell the PSUs to hobbyists and solar enthusiasts. At least thats how i got rid of mine.

But also, i kept one rig for myself, my 1080ti rig. It's turned off atm but i'm hoping the same as your option #3.

[meru890]

Hi,

Which country are you in please?

Switzerland, you need some cards? :-P Thanks for your opinion guys, guess I have to sell separately then.

[meru890]

2. try to sell each gpu / psu solely (would work but lot of effort)

I'd go for option 2 and sell them individually. I also had to do the same when i quit mining a year ago so i may know how difficult it is. It depends on where you live but i think your best chance would be to sell GPUs and motherboards to gamers and sell the PSUs to hobbyists and solar enthusiasts. At least thats how i got rid of mine.

But also, i kept one rig for myself, my 1080ti rig. It's turned off atm but i'm hoping the same as your option #3.

Sounds like a plan, option 3 is risky but with 1080ti you also got way better cards so probably worth the risk.. Unfortunately 580s are tight to ETH and this case doesn't look any good

[MATHReX]

This is my story when I was in the same situation as you are right now.
After the bubble burst, followed by not so good profits for a year, I made a decision to stop and just sell everything that I can but I hit the same roadblock as you.
I saw many people who were already selling their rigs but people who bought second-hand GPUs were reluctant to buy cards that were used for mining.
So, I switched to the second step here. I started selling GPUs one by one after cleaning them up, testing them rigorously and then selling one by one.
Let me tell you, it's such a time-consuming process but it was worth it as they were selling and I was getting a bit better price then I would have to sell the rig completely.
It also helped that I kept the boxes, all the original items and also that cards had 2-3 years warranty left on them.

It's been eight months now and I have cleared around 90% of my inventory already.
I sold GPUs mainly to gamers, motherboards and CPUs combo to people who want cheap PC for office work, PSUs to enthusiasts and so on.

It takes time but It will be done and I must tell you, start today because in time the older GPUs will lose its value very quickly.

[MATHReX]

NOTE

If your RX580 cards have dual bios then you are fine and have a secondary backup if things go wrong with flashing bios.

If not please check this out.

I did not keep a backup of original bios for my RX 580 and RX 570 cards. So, I wanted to revert it back to original bios before selling them.
This is where I hit a major problem. I downloaded which seems to be original bios from the techpowerup website.
I flashed the bios in 14 of RX 580 cards and 2 of RX 570 cards.
10 of RX 580 cards were all fine and working perfectly which I sold but the remaining cards are all soft bricked and I am still trying to revive them.
I have 6 cards of this series that is non-functional now just because of not keeping the original bios.

Please don't make this mistake that as I did.

Here is my thread for the same: https://bitcointalk.org/index.php?topic=5181747.msg52358708#msg52358708

[Marvell2]

NOTE

If your RX580 cards have dual bios then you are fine and have a secondary backup if things go wrong with flashing bios.

If not please check this out.

I did not keep a backup of original bios for my RX 580 and RX 570 cards. So, I wanted to revert it back to original bios before selling them.
This is where I hit a major problem. I downloaded which seems to be original bios from the techpowerup website.
I flashed the bios in 14 of RX 580 cards and 2 of RX 570 cards.
10 of RX 580 cards were all fine and working perfectly which I sold but the remaining cards are all soft bricked and I am still trying to revive them.
I have 6 cards of this series that is non-functional now just because of not keeping the original bios.

Please don't make this mistake that as I did.

Here is my thread for the same: https://bitcointalk.org/index.php?topic=5181747.msg52358708#msg52358708

cards are never bios bricked, use the paperclip trick to boot to original bios, sometimes
you can also uninstall drivers and still load the cards and then reflash, if they cards crash the rig isntall a good working card into the primary video slot and the other cards can still be reflashed that way.

paperclip trick works for sure

[adaseb]

Back in 2014 when the Litecoin profits went down I was in the same boat. Tried to sell the entire rigs but there was no buyers out there, why would there be when there is no profits to be made.

So I just decided to sell one by one and it took about 2-3 weeks to sell a GPU but by Christmas 2014 I had most of them sold and just got some Antminers instead.

It was a lot of work selling one by one, generally nobody would buy a quantity greater than 1. The motherboard and CPUs and ram all sold fairly quickly. Only part that was hard to sell were those single core Sempron processors which are only good for mining since they are all slow for everything else.

[batsonxl]

i wish you were close to me i could buy 2 rigs from you........

[swogerino]

If I were you I would stick to the third option.Keep using your cards even at a loss and hope for a better day to come.If we don’t believe that a better day with a better coin price will become then we have to ask ourselves what we are doing in the crypto zone.

[riverdip]

USE https://miner.host

and specify electric cost per KWH and it will handle the rest !!

[meru890]

If I were you I would stick to the third option.Keep using your cards even at a loss and hope for a better day to come.If we don’t believe that a better day with a better coin price will become then we have to ask ourselves what we are doing in the crypto zone.

Running miners or not has nothing to do with believing. I let the system run already a few months with overcost. But at some point you can't justify to through anymore money out of the window. Because why overpay for crypto if you can just buy it cheap on a exchange?

 I'm trying currently option 2, did 1 just for fun and as expected no stupid people around. Had only offers from pros and they were lowballing me (rightly so). Option 3 would be just waiting, but still miners would stay offline ;-)

[CjMapope]

If I were you I would stick to the third option.Keep using your cards even at a loss and hope for a better day to come.If we don’t believe that a better day with a better coin price will become then we have to ask ourselves what we are doing in the crypto zone.

Running miners or not has nothing to do with believing. I let the system run already a few months with overcost. But at some point you can't justify to through anymore money out of the window. Because why overpay for crypto if you can just buy it cheap on a exchange?

 I'm trying currently option 2, did 1 just for fun and as expected no stupid people around. Had only offers from pros and they were lowballing me (rightly so). Option 3 would be just waiting, but still miners would stay offline ;-)

oh man, familiar story, so many of us smaller miners hit the crossroads in the last year i think : /
me personally i didnt have any luck selling as rigs or just the GPUs, i had to build my rigs into desktop PCs to sell them whole to non miners
was the only way    i also ended up taking massive low prices on most equipment (of course)
but these rigs ROI'd like 4x atleast over the years i had them so no big deal there really, was all profit at that point
i ran my rigs at home at a loss for a while, but eventually ya, you just cant shell out of pocket anymore nope

you? if you cant host them somehow (shipping them here to Canada for cheap hosting for example might be way too expensive in itself) then damn, take w.e u can get i guess for sales as mining isnt gonna go backwards anytime soon and make old gpus profitable again (like it used to), its too commercialized now

[jasta more]

Use them as heaters since winter is coming,sell the rest individually to get higher price.This way you can still get some profits or at least lower loses

[adaseb]

Some guy who I bought used Antminers in the past actually had a clever idea. What he would do is basically instead
Of selling the mining rig or all the part individually he would just build a Gaming rig. He would add usually 2 GPUs, put in some gaming looking computer case and he said it sold very fast.

He would just put in the ad stuff like "Super fast gaming rig" and it would sell within a few days usually. It was usually some parent buying it for their kid. The only part he didn't have was the keyboards, mice, monitors which he only has for testing rigs and had to source those but once it was plug n play he would list it on Craigslist.

So try this and see if it works for you.