But just like at a park where there are signs saying "Do not feed the animals", that's what we have to do here. Take away their profit opportunity.
I routinely go on ebay and message sellers telling them what I will pay for their GPU, and how lucky they should feel to be getting that much. More for harassment than anything else.
I guess a good rule of thumb is if the GPU can earn back its price in 100 days or less, according to the NiceHash calculators, then that is not too terrible of a price. But over the last few days I have seen people trying to get $600 for 1070s and that is insane. I just say no and I do not buy. Do not feed the animals! Wait a few more weeks to expand your GPU farm!
And I agree, the Chinese are pure evil. They are the masters of stealing intellectual property and counterfeiting it for themselves. Trump is right to push them on trade wars. I've seen some of the sellers on Alibaba and emailed them. They want only bank transfers or Western Union. I noped on out of there.
It's because you're probably using a low depth range, i'm using 1 more depth, so the rating removed from you by people trusted by people trusted by the people on the default trust list are then visible.
Anyways, you know how market price work right? The GPUs that should be 500$ are all being bought out by pilling who are willing to pay 500-700$, which mean the only GPUs you see at the one above the price we're willing to pay for them. Considering the great profitability, buying a GPU at 130% markup isint that much of a big deal. I mean check the S9 which are being traded at what, 5X their price before the BTC spike?
So if you don't buy them when they're as low as 600$, then i will.