Finally GPU mining is dead...

[badbart]

I started hedging with btc at 51,500 adding as it goes lower I keep adding. I'm now hedged 2.25 months worth of mning income.  You need to think like a gold miner or farmer and have ability to remove risk from movments in price.  Being able to sell eth at 1,350 3 months from now is looking really good.

[deskless]

i mined for the last years at eth low prices and a week ago i sold most of my eth.
now i will probably will do the same again.
sold a 3070 for a ridiculous price last night as well.  I wanted to finally take a profit

Where did you sell 3070?
How do you make sure if the buyer doesn't return after using the GPU for a few weeks?
I Am asking as I want to sell my radeon VII but worry that someone on eBay might do that.

[adaseb]

I bought my gpus for 400$ and they produce 31MH each, hope I'm on the safe side? 120 to 150 days is all I need to recover my most ROI, it's definitely going to be a disaster if bear season really kicks in right now

Well alot depends on what GPUs you bought and your power costs like Metroid said. If you got cheap power you can keep mining longer than someone with expensive power. However keep in one thing. Usually when it reaches the point where 50% of your profits go towards your power bill, the profits aren't great either if you got very cheap or free power.

Another issue is what GPU did you buy for $400? Is it some new Nvidia or AMD gpus or did you pay $400 for an RX 470 8GB GPU which was released almost 5 years ago. The RX 470 8GB are very inflated in price right now, people are selling them for $300-$400. However just a few months ago they were worth $125-$150. So if you overpaid for this old GPU then it might take a while to ROI. However if you bought some newer GPU at MSRP then you can always resell it to a gamer and most likely make a little profit if things start to turn bad soon.

[CashbackLover]

i mined for the last years at eth low prices and a week ago i sold most of my eth.
now i will probably will do the same again.
sold a 3070 for a ridiculous price last night as well.  I wanted to finally take a profit

Where did you sell 3070?
How do you make sure if the buyer doesn't return after using the GPU for a few weeks?
I Am asking as I want to sell my radeon VII but worry that someone on eBay might do that.

Get on craigslist or newegg, as far has the radeon vii is working perfectly there won't be any problem I believe, many people still have interest on radeon vii and few have decided to use liquid cooling on theirs since heat is the greatest enemy of this gpu

[sakmsb]

Mine on.

 I  have

1x 3090 on the way
2x 3060ti on the way

1x 3070 full pc on the way

and a 6800xt on back order.

Which brand 3090 and isn't it throttling? Hope you're getting 120+ on ETH.

[gotminer]

Why isn't anyone here talking about EIP-1559?