Graphics cards are flooding the market

[JangoUnchained]

Hehe I still buy some new babies  (graphics card) today, I believe that when all hope is lost is the perfect time to take action, I want me some Gigahash, that's a dream and I am sticking to it, Crypto mining is a hubby and that's what keeps me going, I don't care if ETH goes POS or if profitability drop marginal, im never going to shut down my rigs by the power of God invested in me   , keep mining or go home.

I hope you're right, because I just grabbed a few RX 6800's at the incredible price of $570 below MSRP!!. I hope it turns out better than my RTX 3060 or P100 rigs.

Below MSRP already? I am still looking for such deals online and can't find, they are always out of stock even if I am lucky to find one, aliexpress failed to pull those ads down once they are sold out, arrgghh, where are you ordering yours from?.

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[Coinfarm ventures]

Below MSRP already? I am still looking for such deals online and can't find, they are always out of stock even if I am lucky to find one, aliexpress failed to pull those ads down once they are sold out, arrgghh, where are you ordering yours from?.

I happened to get very lucky with a feeBay search where somebody listed their RX 6800's for $600 + free shipping because they wanted to get rid of them quickly. I activated the 5% eBay Bucks promotion on that day, as well as a 3% credit card bonus. So the price before sales tax turned out to be $552, while MSRP is $579.

You can buy up to 20 RTX 3060's (MSI Ventus 2X) on Newegg now for $390 per card.

[devil2man]

Excluding the latest generation gpu, i.e. the 4xxx that passionate gamers will buy at exorbitant prices, no miner will buy cards at the current time in the uncertainty of the date of transition of eth from pow to pos and perhaps the medium-power and not recent gpus will return as before at decent prices

[ccplz]

Excluding the latest generation gpu, i.e. the 4xxx that passionate gamers will buy at exorbitant prices, no miner will buy cards at the current time in the uncertainty of the date of transition of eth from pow to pos and perhaps the medium-power and not recent gpus will return as before at decent prices

You'd be surprised... Some people don't actually believe the ETH 2.0 date and are still buying cards. I'm personally waiting to see what intel brings to the table along with the 4XXX series. Might consider buying then, but I also think they will be scalped.

[Coinfarm ventures]

You'd be surprised... Some people don't actually believe the ETH 2.0 date and are still buying cards. I'm personally waiting to see what intel brings to the table along with the 4XXX series. Might consider buying then, but I also think they will be scalped.

Intel's higher-end cards have been delayed according to AIB's. They will only ship in volume in Q3. Not that they will be good for mining due to the poor memory bandwidth. Same for the next-gen AMD and nVidia chips, which will also have poor VRAM performance for mining.

I think these companies finally figured out that limiting memory bus width is better for discouraging miners than LHR. The other problem is NV might have 'LHR 2.0' which is harder to unlock. Currently, mining software fools LHR protection by running a dummy process on the GPU cores at the same time as ETH. It's possible NV engineers might patch this trick.

I certainly believe that the earliest ETH 2.0 is launched is September. It'll probably take December. If ETH price goes up, I think it's less likely the devs will want to take the risk.

I'm buying cards today because even if the value goes down by 20-25% by September, I'm betting the mining profit from those cards will more than compensate for the depreciation assuming ETH price stays constant w/ 3% monthly diff growth.

[S3300]

Below MSRP already? I am still looking for such deals online and can't find, they are always out of stock even if I am lucky to find one, aliexpress failed to pull those ads down once they are sold out, arrgghh, where are you ordering yours from?.

I happened to get very lucky with a feeBay search where somebody listed their RX 6800's for $600 + free shipping because they wanted to get rid of them quickly. I activated the 5% eBay Bucks promotion on that day, as well as a 3% credit card bonus. So the price before sales tax turned out to be $552, while MSRP is $579.

You can buy up to 20 RTX 3060's (MSI Ventus 2X) on Newegg now for $390 per card.

Free shipping is something I don't get when buying graphic cards 😭, where the heck are you people getting all this free shipping offers? The shipping fee is what turned me off when buying graphic cards, I always spend a lot on shipping fee which is scary, you can only get a fair deal if you are buying up to 8-10 GPUs at once.

[0verseer]

Excluding the latest generation gpu, i.e. the 4xxx that passionate gamers will buy at exorbitant prices, no miner will buy cards at the current time in the uncertainty of the date of transition of eth from pow to pos and perhaps the medium-power and not recent gpus will return as before at decent prices

You'd be surprised... Some people don't actually believe the ETH 2.0 date and are still buying cards. I'm personally waiting to see what intel brings to the table along with the 4XXX series. Might consider buying then, but I also think they will be scalped.

I can see some of their reasoning was PoS is something bad, that it will drive down the ETH price and will be sort of 'last resort' for devs. I really don't think so. The thing is, PoW ain't really the main drive for ETH's anymore since the trend of green and saving energy, reduces the CO2 emission. Worst, with energy cost going so high around the global, especially in European with heating problems, depending on Russia's natural gas, etc. A lot of people start to see PoW as an outdated model. Also getting ires from gamers, driving the price of GPU up which in need in the auto-driving car industry or automation systems.

Looks at the CMC and see how many coins in the #10 or even #20 were mineable PoW? "Why the fk those coins didn't have our glorious PoW system but still at the top, driving the price on their own?" you ask. It was because PoW isn't important as it used to be, only the two behemoths are BTC and ETH which thanks to them was the OG. ETH 2.0 will go on track and isn't a bad thing. What we have now is Q3/Q4 for the merge and maybe another quarter for PoS official at the block. So around 8 months +-3 and this is applying pressure on the graphics card market. Not to mention the intel jump into making the graphics card, shipping at Q3 this year, new series of graphics cards from AMD and nvidia, AV1 support hardware,... I can only see the pressure for the graphics cards to drive the price down, not the other way around.

[wheelz1200]

It's Over

Graphic card stores are now panicking because many GPUs are flooding the market and they feel at loss because no one is buying them and the old GPUs they have in stores can't be sold at high price like before, I pity them though since they bought them out the country and can't sell, no one is willing to buy right now in my country, it is what it is.

Ever since asics came on board everyone has said gpu mining is dead lol.  There will be others that come on board and keep gpus usable in crypto, then gaming is huge so these stores won't get stuck with gpus, they will always be needed and sell.

[swogerino]

Excluding the latest generation gpu, i.e. the 4xxx that passionate gamers will buy at exorbitant prices, no miner will buy cards at the current time in the uncertainty of the date of transition of eth from pow to pos and perhaps the medium-power and not recent gpus will return as before at decent prices

The medium power cards will only work for people with really cheap electricity,mostly in Europe the price of energy is on a constant increase because of the war in Ukraine which has hyper inflated the prices.It would be difficult for such cards to offer good returns for miners who will buy them.The difficulty of Eth is not decreasing it is staying constant in the best case despite the price of Ethereum falling so I don't see any valid point to buy those cards unless you have really cheap electricity.

[Coinfarm ventures]

The medium power cards will only work for people with really cheap electricity,mostly in Europe the price of energy is on a constant increase because of the war in Ukraine which has hyper inflated the prices.It would be difficult for such cards to offer good returns for miners who will buy them.The difficulty of Eth is not decreasing it is staying constant in the best case despite the price of Ethereum falling so I don't see any valid point to buy those cards unless you have really cheap electricity.

Even at a 7¢ power rate and video cards available at half of MSRP, it will take 3+ years to reach payback if no other GPU coin saves the day. We would be stuck earning $0.40-0.50/day of profit on a $450 video card (including system parts). That is a 20-40% return per year, which isn't bad and is probably better than ASIC mining, but is nowhere near the 100-300% return we have seen over the past 5 years. The trend seems to be PoS coins getting the highest valuations these days. I expect PoW GPU coins to stagnate in market cap ranking, which means profit will stagnate. RVN/FLUX/etc. will probably keep throwing off ASICs, not that ASIC companies will even want to make them in a bear market.

Would I be happy with a 20-40% return? Yes, because there's the chance that a PoW coin can become big again and I could get a 200-500% return; just like I did in 2019-2021 with a GTX 1060 rig. No other investment is as good for me.

[arielbit]

the VRAMs are still gddr6x, GPU mining is mostly VRAM mining.

if they claim it is 50% improvement, maybe for the core, but for mining 15-20% improvement is not so enticing. 20% is a huge leap for the same VRAM tech..maybe it is 10% or less (refresh) hehe.

on the other hand models with 4nm means cooler core, core and VRAMs are on the same board..these might mine cooler, other than that, it might not be worth it.

Memory wise will be the same, dont think we will have any improvements on memory nm reduction, core wise will have a huge reduction in power consumption.

I don't have high hopes for 4xxx

1080ti gddr5x
2080ti gddr6
3xxx lower tier gddr6
3xxx higher tier gddr6x

now..
4xxx gddr6x for higher tier..

AMD HBM2 should take the cake.

[arielbit]

The medium power cards will only work for people with really cheap electricity,mostly in Europe the price of energy is on a constant increase because of the war in Ukraine which has hyper inflated the prices.It would be difficult for such cards to offer good returns for miners who will buy them.The difficulty of Eth is not decreasing it is staying constant in the best case despite the price of Ethereum falling so I don't see any valid point to buy those cards unless you have really cheap electricity.

Even at a 7¢ power rate and video cards available at half of MSRP, it will take 3+ years to reach payback if no other GPU coin saves the day. We would be stuck earning $0.40-0.50/day of profit on a $450 video card (including system parts). That is a 20-40% return per year, which isn't bad and is probably better than ASIC mining, but is nowhere near the 100-300% return we have seen over the past 5 years. The trend seems to be PoS coins getting the highest valuations these days. I expect PoW GPU coins to stagnate in market cap ranking, which means profit will stagnate. RVN/FLUX/etc. will probably keep throwing off ASICs, not that ASIC companies will even want to make them in a bear market.

Would I be happy with a 20-40% return? Yes, because there's the chance that a PoW coin can become big again and I could get a 200-500% return; just like I did in 2019-2021 with a GTX 1060 rig. No other investment is as good for me.

peak bear market should be at least 5-6 years ROI (3 years is still doable, RMA is 3 years), miners will see no point in owning these pieces of "trash money printers" LOL

at 5-6 years your card is not RMA-able and you haven't ROI'd yet..LMAO! --->peak bear market, peak pain.

then after a few monthly "green candles" it is back to 3 year ROI and then 1 year ROI..then retards panic buys the shit out of GPUs again hehe.

here is my take.

you would not want to have "no GPU farm" when the next..

1. big thing
2. pump and dump
3. bull run

...happens.

[hub_cat]

For those who are undecided, here is my 2cents.
Hodl your cards inho, there are plenty of other GPU PoW projects that push out new updates and have a strong community backing it.

Also, if you didn't sell it a couple months ago, I suggest to overclock the cards you have now and try to ROI most of it before the merge.
But if your promo ends soon, you know the "no interested for a X amount of months" credit card, your choice becomes more obvious.

[ANSEL_2.0]

The medium power cards will only work for people with really cheap electricity,mostly in Europe the price of energy is on a constant increase because of the war in Ukraine which has hyper inflated the prices.It would be difficult for such cards to offer good returns for miners who will buy them.The difficulty of Eth is not decreasing it is staying constant in the best case despite the price of Ethereum falling so I don't see any valid point to buy those cards unless you have really cheap electricity.

Even at a 7¢ power rate and video cards available at half of MSRP, it will take 3+ years to reach payback if no other GPU coin saves the day. We would be stuck earning $0.40-0.50/day of profit on a $450 video card (including system parts). That is a 20-40% return per year, which isn't bad and is probably better than ASIC mining, but is nowhere near the 100-300% return we have seen over the past 5 years. The trend seems to be PoS coins getting the highest valuations these days. I expect PoW GPU coins to stagnate in market cap ranking, which means profit will stagnate. RVN/FLUX/etc. will probably keep throwing off ASICs, not that ASIC companies will even want to make them in a bear market.

Would I be happy with a 20-40% return? Yes, because there's the chance that a PoW coin can become big again and I could get a 200-500% return; just like I did in 2019-2021 with a GTX 1060 rig. No other investment is as good for me.

peak bear market should be at least 5-6 years ROI (3 years is still doable, RMA is 3 years), miners will see no point in owning these pieces of "trash money printers" LOL

at 5-6 years your card is not RMA-able and you haven't ROI'd yet..LMAO! --->peak bear market, peak pain.

then after a few monthly "green candles" it is back to 3 year ROI and then 1 year ROI..then retards panic buys the shit out of GPUs again hehe.

here is my take.

you would not want to have "no GPU farm" when the next..

1. big thing
2. pump and dump
3. bull run

...happens.

Lol I still want me some 580s graphic cards with 8GB memory, till date people are still buying this gpu for mining ETH and its been like 6 years already that this card have been here, oh I remember 2016/2017 a rx580 was on of the best for crypto mining at the time, anyway I believe something new will come up, its only a matter of time.

[Coinfarm ventures]

Lol I still want me some 580s graphic cards with 8GB memory, till date people are still buying this gpu for mining ETH and its been like 6 years already that this card have been here, oh I remember 2016/2017 a rx580 was on of the best for crypto mining at the time, anyway I believe something new will come up, its only a matter of time.

I will never buy video cards that old or that inefficient, regardless of the price. RX 5700 / RTX 2070 is the lowest I will go in efficiency. My RX 400/500 cards earned a lot of money back in the day, but it's time to move on.

then after a few monthly "green candles" it is back to 3 year ROI and then 1 year ROI..then retards panic buys the shit out of GPUs again hehe.

It is debatable whether or not there will be a 'next big GPU coin' after ETH. If not, then the return is 20-40% per year provided you bought the cards for half of MSRP. If there is, then people who built GPU farms during the bear market for $400 per RTX 3080 will sell that RTX 3080 for $1000+, not to mention 300-600% ROI on the coins they mined at low diff and saved up. On top of that, they will make 100-300% ROI during the gold rush. So in total, that could be 5-10x your money back over 3-5 years.

That is why I'm happy to invest $100k+ in a warehouse GPU farm again when the time comes.

[0verseer]

For those who are undecided, here is my 2cents.
Hodl your cards inho, there are plenty of other GPU PoW projects that push out new updates and have a strong community backing it.

Also, if you didn't sell it a couple months ago, I suggest to overclock the cards you have now and try to ROI most of it before the merge.
But if your promo ends soon, you know the "no interested for a X amount of months" credit card, your choice becomes more obvious.

Yes, they are but do you see how big the ETH's network hashrate has become? It's impossible for all 1.03 PH/s ETH's network hashrate transferable to other GPU PoW out there as I speak. I mean this is already a well-known fact for any miners when we talk about the ETH 2.0 PoS if it goes live. For comparison, ETC pulls 24.54 TH/s right now and that is roughly only 2.4% of ETH's network hashrate. If any other GPU PoW out here is better than that, able to increase its price to match with the number of ETH's miners when they start the migration then I'd rather buy and hold that coin instead of mining it.

[wheelz1200]

For those who are undecided, here is my 2cents.
Hodl your cards inho, there are plenty of other GPU PoW projects that push out new updates and have a strong community backing it.

Also, if you didn't sell it a couple months ago, I suggest to overclock the cards you have now and try to ROI most of it before the merge.
But if your promo ends soon, you know the "no interested for a X amount of months" credit card, your choice becomes more obvious.

Yes, they are but do you see how big the ETH's network hashrate has become? It's impossible for all 1.03 PH/s ETH's network hashrate transferable to other GPU PoW out there as I speak. I mean this is already a well-known fact for any miners when we talk about the ETH 2.0 PoS if it goes live. For comparison, ETC pulls 24.54 TH/s right now and that is roughly only 2.4% of ETH's network hashrate. If any other GPU PoW out here is better than that, able to increase its price to match with the number of ETH's miners when they start the migration then I'd rather buy and hold that coin instead of mining it.

I understand the very real concern but in times when there was basically nothing to mine in 2015 and gpu mining is dead was a very real thought it obviously overcame that and I think we will see that same issue be overcome if/when eth migrates.  Will older less powerful gpus become obsolete maybe and they will drop off but saying gpu mining is over is not looking past the dust cloud.

[Z390]

Excluding the latest generation gpu, i.e. the 4xxx that passionate gamers will buy at exorbitant prices, no miner will buy cards at the current time in the uncertainty of the date of transition of eth from pow to pos and perhaps the medium-power and not recent gpus will return as before at decent prices

You'd be surprised... Some people don't actually believe the ETH 2.0 date and are still buying cards. I'm personally waiting to see what intel brings to the table along with the 4XXX series. Might consider buying then, but I also think they will be scalped.

People like me are buying graphic cards not because we believe that ETH merge isn't going to happen, we keep buying because we believe that another coin will take ETH's place and become profitable like ETH, also there are many PoW algorithm coins apart from ETH that I can mine.

[babymethyl2013]

Lol I still want me some 580s graphic cards with 8GB memory, till date people are still buying this gpu for mining ETH and its been like 6 years already that this card have been here, oh I remember 2016/2017 a rx580 was on of the best for crypto mining at the time, anyway I believe something new will come up, its only a matter of time.

I will never buy video cards that old or that inefficient, regardless of the price. RX 5700 / RTX 2070 is the lowest I will go in efficiency. My RX 400/500 cards earned a lot of money back in the day, but it's time to move on.

then after a few monthly "green candles" it is back to 3 year ROI and then 1 year ROI..then retards panic buys the shit out of GPUs again hehe.

It is debatable whether or not there will be a 'next big GPU coin' after ETH. If not, then the return is 20-40% per year provided you bought the cards for half of MSRP. If there is, then people who built GPU farms during the bear market for $400 per RTX 3080 will sell that RTX 3080 for $1000+, not to mention 300-600% ROI on the coins they mined at low diff and saved up. On top of that, they will make 100-300% ROI during the gold rush. So in total, that could be 5-10x your money back over 3-5 years.

That is why I'm happy to invest $100k+ in a warehouse GPU farm again when the time comes.

It won't play out this way again it never does

[ZeeeN]

the VRAMs are still gddr6x, GPU mining is mostly VRAM mining.

if they claim it is 50% improvement, maybe for the core, but for mining 15-20% improvement is not so enticing. 20% is a huge leap for the same VRAM tech..maybe it is 10% or less (refresh) hehe.

on the other hand models with 4nm means cooler core, core and VRAMs are on the same board..these might mine cooler, other than that, it might not be worth it.

Memory wise will be the same, dont think we will have any improvements on memory nm reduction, core wise will have a huge reduction in power consumption.

I don't have high hopes for 4xxx

1080ti gddr5x
2080ti gddr6
3xxx lower tier gddr6
3xxx higher tier gddr6x

now..
4xxx gddr6x for higher tier..

AMD HBM2 should take the cake.

HBM2 is worth for mining?