Start selling your GPU now

[UserU]

Good to see prices stabilizing, we consumers are sick of scalpers over the past 2 years

[1714208999]

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[1714208999]

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[FP91G]

I see a lot of news that video cards are getting cheaper in the US and Europe. If you wanted to sell video cards, then you should have done it earlier. It is wrong to buy video cards now, because they will become cheaper in the summer if the price of ethereum does not rise.

[Crypt0Gore]

Make sense because RX 6600 are around $330sh brand new right now, at least in the states.

On the Amazon website or where? This RX6600 costs 500$+ in my country today, can you give me link to the exact website or store that you came across such a price for 6600? I want to build a 8x rig using 6600 and 6600XT only.

[Maliceprime]

I see a lot of news that video cards are getting cheaper in the US and Europe. If you wanted to sell video cards, then you should have done it earlier. It is wrong to buy video cards now, because they will become cheaper in the summer if the price of Ethereum does not rise.

Finally, maybe we will start seeing mining difficulty decrease? I want Ethereum to go down to 1000$ again and yea this will make mining profit to be ridiculous, many will quit and that will be great.

[kaya11]

GPU prices are crumbling on aliexpress right now, it's good to see rx580 brand new at 300$ again last time it was 500$ as old as the card is, Polaris for that matter lol, I have a feeling that this BTC recovery of 44k could be the last, I also see many selling their GPUs already, they are smart to be honest I imply you all do the similar.. Later when things cool off you can start buying back, don't be the scape goat.

 I've tried selling mine lately but no one seems to be interested. I think only people with no knowledge of mining would buy them high price. I won't sell them at low off course. I have bought them for 400 dollars each so I am aiming for 300 or a 250 maybe.

[legcramp]

Make sense because RX 6600 are around $330sh brand new right now, at least in the states.

On the Amazon website or where? This RX6600 costs 500$+ in my country today, can you give me link to the exact website or store that you came across such a price for 6600? I want to build a 8x rig using 6600 and 6600XT only.

Newegg.com has been selling them for around this price the last week or so and they are constantly still in stock.

$335 right now for the ASRock model
https://www.newegg.com/asrock-radeon-rx-6600-rx6600-cld-8g/p/N82E16814930066 

[Coinfarm ventures]

I see a lot of news that video cards are getting cheaper in the US and Europe. If you wanted to sell video cards, then you should have done it earlier. It is wrong to buy video cards now, because they will become cheaper in the summer if the price of ethereum does not rise.

I disagree, because now we're back to a 300-day payback time with GPU mining. According to data analysis I did on video card prices vs. mining profit since 2016, once payback improvves to 300-350 days, GPU prices plateau or even start rising again. When you can buy an RTX 3060L for $400 and make $1.32/day of profit @ 9¢ power, many people will buy them again for mining, even if PoS is 'coming soon'.

Assuming ETH price stays flat, difficulty will keep slowly climbing at 2-3%/month like it has since February. That will only mean 6-8% lower revenue, so GPU prices should be flat over the summer.

IMO, it's not a bad time to build a mining rig now, especially after the lead ETH dev gave his opinion that the earliest PoS will come is Q3 this year. The real 'suckers' are those who bought RTX 3060's for $600-700 each in December.

[philipma1957]

I think eth can't go pos until the market crashes.

Picture this. Eth goes pos in june with eth at 3000 a coin crushing gpu mining and casques a cascade of crashing coins and out current 1.8 trill total  of all coins cap drops to 600 bill.  Eth would right have to take the blame for crashing all of crypto..

Or eth delays till 3rd quarter hoping for a nice 50% crash before they switc too pos.  They can rightfully say the marketer had crashed already and the time for pos was needed to help th market up.

along with the second problem eth has.

AMD+Intel+Nvidia  all take a big hit if he switches to pos in june. crashing the market and stopping most gear sales for a year or two or three.

His best move is delay the switch to pos one or two more times. maybe all the way to feb 2023

If and only if the markets dump first do an early switch to pos.

[StormHawk]

GPU prices are crumbling on aliexpress right now, it's good to see rx580 brand new at 300$ again last time it was 500$ as old as the card is, Polaris for that matter lol, I have a feeling that this BTC recovery of 44k could be the last, I also see many selling their GPUs already, they are smart to be honest I imply you all do the similar.. Later when things cool off you can start buying back, don't be the scape goat.

 I've tried selling mine lately but no one seems to be interested. I think only people with no knowledge of mining would buy them high price. I won't sell them at low off course. I have bought them for 400 dollars each so I am aiming for 300 or a 250 maybe.

That's probably because people know that rx580 graphic cards will be the cheapest of them all once merge on Eth is activated, that gpu is getting older every day but still capable, now that we have awesome AMD gpu like 6600XT I wonder why people will leave this for RX580s.

[Coinfarm ventures]

That's probably because people know that rx580 graphic cards will be the cheapest of them all once merge on Eth is activated, that gpu is getting older every day but still capable, now that we have awesome AMD gpu like 6600XT I wonder why people will leave this for RX580s.

Correct. Efficiency will become the king again. GreedForce RTX 3000 cards, especially the LHR ones, will hold their value the best. Not a bad deal considering the LHR cards are still a bit cheaper for the same profit, as long as you run dual mining.

I think that after ETH PoS, these will be the numbers for an RTX 3080:

    Cost of an RTX 3080 (after tax) w/system parts + cooling + utilities: $350

    Revenue for an RTX 3080: $0.90/day yearly average (range: $0.70-$1.10/day)

    Power cost after tax @ 7¢/kWh: $0.27

    Depreciation @ 30%/year: $0.35

    Net income: $0.28/day for 360 days = 33%/year return

If you sell as little coins as possible (to cover rent/power) and HODL the rest, you could make a 300-800% ROI if another GPU gold rush happens in a year or two. You could then sell most of the video cards too.

At least these were how the numbers worked out during the 2019-2020 bear market.

[Daodex]

Well said @stormhawk and @Coinfarm ventures, efficiency will take over once mining profit isn't looking very good anymore, graphic cards like A2000, RTX 3 series and RX6 series will take over, the lower your power consumption the better your mining operation, as far as the profit is lower than power consumption you will be able to keep up.

[Coinfarm ventures]

Well said @stormhawk and @Coinfarm ventures, efficiency will take over once mining profit isn't looking very good anymore, graphic cards like A2000, RTX 3 series and RX6 series will take over, the lower your power consumption the better your mining operation, as far as the profit is lower than power consumption you will be able to keep up.

One more important point: according to leaked rumored specs, the new Intel Arc Xe series, GreedForce RTX 4000 and Radeon RX 7000 series will NOT deliver more memory bandwidth per dollar or much less wattage per GB/s. This means the new gen will not be more efficient for mining memory-hard algos (Ethash, Autolykos, Octopus, ...) than the current generation of cards. It will only be 10-20% more power efficient per GB/s.

The only buyers who will benefit from these cards will be gamers or if a core-intensive coin like RVN has a mining gold rush. So hold on to your existing cards.