Gearing up to buy some GPUs soon

[HardCore12V]

After all the ups and down in crypto value since last year I'm able to afford 5000$ for mining rigs, I made most of the money from crypto trading lol thanks to mango research on YouTube, anyways do anyone have the exact time frame when GPUs will be back to normal price again?

[batsonxl]

Dude if you made so good profit from trading it is good to stick with it. Not many people can profit from trading easily.in bearmarket there will be cheap cards for sure but to make 5k from mining is difficult in bearmarket.

[FP91G]

Don't expect cheap prices for video cards this year. Miners will not immediately sell video cards after the Ethereum price drop.
I think everyone will mine Ethereum as long as it is possible, because then there will never be such an opportunity.
Ethereum is one of the most promising coins on the crypto market.

[adaseb]

Dude if you made so good profit from trading it is good to stick with it. Not many people can profit from trading easily.in bearmarket there will be cheap cards for sure but to make 5k from mining is difficult in bearmarket.

He probably just wants to diversify. Nothing wrong with that. Mining is considered passive income pretty much. You get paid while you sleep. With trading, alot of it is more or less based on luck.

Besides the month of May, everybody made killer gains with crypto, especially some alts like Doge or BNB or some DeFI. However it won't always be like this. Look at how many people got liquidated when BTC crashed down to $30K. Almost a million traders got liquidated. Probably more are sitting holding a bag from buying BTC at like $56000 and ETH at like $3000.

When GPUs will be cheaper? Who knows. Mining profits are lower, so many people won't overpay for GPUs and prices will come down.

[VRExpress]

It's a matter of time, all you need is to be patience, I'm looking into 1st quarter of 2022 the max, bullrun will not be able to keep up next year if it manages to survive till December 2021, mind you this is just my own prediction

[mak013]

GPU prices goes down about 6-12 months after big dump. I think you can invest your money in smth else for several months. Right now may be chance to buy cryptocurrencies but surely not GPU.

[ANSEL_2.0]

GPU prices goes down about 6-12 months after big dump. I think you can invest your money in smth else for several months. Right now may be chance to buy cryptocurrencies but surely not GPU.

How about someone looking for a passive income because buying coins and holding won't bring anything to the table until they add value which can take even longer than expected, the reason why I invest in crypto mining is to get returns always and use that profit for something else, another thing is EIP1559 this can make things goes wrong for miners since ETH remains the most profitable coin to mine till date

[batsonxl]

Dude if you made so good profit from trading it is good to stick with it. Not many people can profit from trading easily.in bearmarket there will be cheap cards for sure but to make 5k from mining is difficult in bearmarket.

He probably just wants to diversify. Nothing wrong with that. Mining is considered passive income pretty much. You get paid while you sleep. With trading, alot of it is more or less based on luck.

Besides the month of May, everybody made killer gains with crypto, especially some alts like Doge or BNB or some DeFI. However it won't always be like this. Look at how many people got liquidated when BTC crashed down to $30K. Almost a million traders got liquidated. Probably more are sitting holding a bag from buying BTC at like $56000 and ETH at like $3000.

When GPUs will be cheaper? Who knows. Mining profits are lower, so many people won't overpay for GPUs and prices will come down.

That exactly made me surprise while other people liquidated this one made profit which is good success.

[Toshko]

What are you planning to mine? If you only rely on ETH, it will be "quite hard" after their update.

[StormHawk]

Chill for now, very soon GPUs will become cheaper and cheaper because of ethereum updates (EIP1559) even right now ETHEREUM mining isn't as profitable as before because the value have dropped alot

[Bitcoin_Arena]

Chill for now, very soon GPUs will become cheaper and cheaper because of ethereum updates (EIP1559) even right now ETHEREUM mining isn't as profitable as before because the value have dropped alot

Remember that Ether is not the only coin one can mine using GPUs so miners will look for the next profitable coins like vertcoin, Monero, Ravencoin, Ethereum Classic etc before they think of selling them especially during this Bull run.

I would say one has to wait till several months into a serious bear market like one that happened from 2018-2020 to be able to buy GPUs cheaply.

[Bitbtc8]

Chill for now, very soon GPUs will become cheaper and cheaper because of ethereum updates (EIP1559) even right now ETHEREUM mining isn't as profitable as before because the value have dropped alot

Remember that Ether is not the only coin one can mine using GPUs so miners will look for the next profitable coins like vertcoin, Monero, Ravencoin, Ethereum Classic etc before they think of selling them especially during this Bull run.

I would say one has to wait till several months into a serious bear market like one that happened from 2018-2020 to be able to buy GPUs cheaply.

Coins like vertcoin and Monero will only be able to keep up if bull market remains intact if not those coins won't be profitable at all, even ETH mining profit is reducing from time to time, nothing is certain in this crypto space so it's better to be patience and see what happens, it's not a good time to invest in costly GPUs

[Skinny48]

Keep mining with whatever GPU you have right now and if you have to sell your GPU don't get rid of everything yet because the massive GPU selloff might not happen very soon, probably coming year?

[batsonxl]

Keep mining with whatever GPU you have right now and if you have to sell your GPU don't get rid of everything yet because the massive GPU selloff might not happen very soon, probably coming year?

it will start massive as soon as you will see 50mhs=1$, I allready seeing people selling rigs better prices than last month.

[Squezzi55]

Very soon mate very soon, the market looks like it will recover but downward trend is imminent for sure so all you need right now is patience, mind you 30MH per second that's giving people 4$ in this bull season will turn 0.5$ per day and 60MH will bring just 1$ per day, best way is going for GPUs at cheaper rate