Topic: GPUs are not being sold as fast as used to be (Read 540 times)

I was sad for 2 months - they mined nice The best price i could get - to sell it a month ago, but in my situation - buyers got profit too.
The most sad decision - i sold 1070 for $200 last autumn. Month ago it price was about $600.

i think the "msrp thing" does not exist, probably it exist just to say "we are good , we don't do evil prices".. allocate a few to justify the "msrp thing" then make a killing on the rest.

there are two things to consider, the inflation and global chip shortage. prices are rising, those numbers you said i think that were the prices in the last market cycle. and the chip shortage-it feels different now. the first store where i bought 3080ti, after i bought, it is sold out already, the same with the second store, although i didn't asked if they used to have a lot of stocks but it felt like they only had 1pc to sell.

Thats excellent price for 1080ti. Wow.
1080ti price will drop to 250-350$

Some miners that began mine in 2016 or earlier are ready for dump and looking for newbies to sell them old GPUs. They will buy GPU about msrp or lower i sure. And the others will be broken by dump or will become miners.

About NVIDIA - i think that some time later we`ll see "new drivers" or new pill that will remove LHR. And with AMD GPU i flashed all of them.

PS. I sold my 1080ti 2-3 months ago for $900-1000 )

mining is only good as long is worthy profitable, I mean, roi less than 200 days, meaning, as soon roi becomes greater than 200 days which is at moment, people lose interest in buying gpus and so if profit gets even lower to be worth the effort, people will sell the gpus and focus in something else, meaning when I say 95%of miners today will start focusing on something else in life as soon there is no worthy profit, also looking back when it was negative profit, 95% of miners today will not exist next year. Meaning more profit? --> no and as soon as profit turns into negative, nvidia will unlock their gpus to mine again ehhe will be funny and if they dont do that then the market will entirely be for amd. AMD did it right, these hashrate blockers are bs. You do whatever you want with your gpu, reason I will avoid nvidia from now on, has already avoided intel cause of the bs motheboard upgrade every 6 months.

Also I saw plenty of 1080ti sold for 200 usd 3 years ago, as soon as mining profit turned negative. Yeah, they were liquidating gpus because they cost more turned on than off. You trolls need to udnerstand that this has 2 sides, bull and bear phases, so use them well and dont be blind to the fact one needs the other for cryptos to keep going up and keep existing.

Good price targets

May be used 3080 will reach such prices, but i don`t sure. This is too new GPU to sell it less than msrp. Only credit miners will sell for such prices.

ETH is almost back to the price I sold and I did not buy it back yet and I will not, will wait below 500 usd to buy back. If history repeats, eth's bottom is around 250 usd for now and about gpus, I would not buy any yet, 3080 are sold around 3k yet, time to buy is once 3080 crashes below msrp or 700 usd, life getting back to normal, the 3080 might even crash to 400 usd, will see.

It is not good many people moving eth right now thats why fees are high later it will get to normal again but with low profit.

Lots of ETH gas being spent past 2 hours, over 300 in some cases.
AVG has been under 20 for a week.
Are they about to do ETH 2.0, legit for real this time? Or is it something else like the price drops past few days?

Well nobody knows whats gonna happens with prices. We dont have friend like Elon Musk who can manupulate market and we could take our positions right next to him. So we are on our own we do own plans. I learnt having plan for both is always good. Some people can make mistake it is not big problem we all do.i learn my lesson better when there is mistake that you never forget

it is good that miners (here in mining altcoins section)in 2020-21 are talking about market cycles compared to mindless mining that i see back in the days, they deserved to metroid'd haha 

it seems global chip market (shortage) still has no signs or recovery, this gpu price down might be temporary due to crypto dump that started in may. what if crypto recovers? then we are back to fighting over GPUs LOL

Not so fast It will not cheap in month lol. maybe it can last whole year.

it is easier said than done, i shilled 3080 and 3090 last year and there are people who didn't agree with me LOL.

well technically you should build right before the bull run start, ideally if newer-faster-more efficient gpus are coming out. in peak bear market it is better buying coins than gear.

ETH mining will soon be over because nothing lasts forever, atleast we've enjoyed this moment for many months already if my calculations is correct ETH mining have been profitable since DeFI start it's hype in 2020, the best time to build a mining rig is bear market if you can take your eye off the lower profits and of cos if you have free/cheap electricity

probably the old models, but not the latest models. some 3xxx have not ROI'd yet and the lack of supply means there are not as many going around as the previous bear market sell off.

I suspect come August there will be a lot of GPUs hitting the market that were mining ETH.  It also makes you wonder where all of that hashrate is going to go.  Ravencoin?  Beam?  Will that cause a massive price spike as GPU miners search for a profitable way to mine with their gear, or will we see a sale on GPUs the likes we've never seen before?  Personally, I think a bit of both.  There are going to be some big opportunities in the coming months as this scenario plays out, weave your way through the markets carefully.

Prices are still very high but at least I see more and more retailers now actually have cards in stock and prices slowly decrease. 

If you can service mining equipment - you can buy used GPU for prices less then you will see at eBay or Amazon. I bought in the end of 2018 and they were nice and cheap.

Funny 🤣, here I am waiting for a GPU to start doing 1$ per day before investing more money on GPU, I'm planning to build rigs with rtx3080 and AMD rx5700xt I'm sure this is coming by end of the year or early 2022, here In my country GPU price are still the same but I plan on buy from eBay or Amazon instead, can't wait.

yeah, small town prices were good before the gpu price plague hit them. before cities there are countries that got high price first before others.

In the different places different prices. In the city with several millions citizens - there more GPUs then in small town. In such cities prices change quicker. In my city the prices slowly moves down about 3-4 weeks.

afaik people money stuck on the bear market, they will save to buy some expected dip on the future and wont spare to build another rig.
So, supply increased will the demand decreased. If you want to make it sold faster, i think u need to lower the price before another seller start to do it first.

You will earn more by reselling these graphics cards. Order your first batch on Amazon

with the future passage of eth to pos instead of pow i believe that a part of the current miners will abandon this occupation even if there is much more to mine, the gpu will begin to be find(finally)  in the online stores and hopefully also at more reasonable prices

I'm starting to think metroid lives in a good mining area for gpus to command such a high price his area 

Where I live, price still the same, actually is a lot more expensive, 3070 is being sold for 2500 usd and 3080 for 4000 usd, 3090 for 5000 usd, insane prices. Before the bs, the 3070's were being sold for 600 usd each.

Most likely the high difficulty, lower price, and EIP 1559 are having an impact. I had a few old RX GPUs listed for sale on Craiglist. I had 2 people who were going to buy the RX GPUs on the weekend. However as soon as EIP 1559 was announced they both cancelled on me.  The price of ETH was much lower than it is now so people were already getting scared.

Also once the profitability drops way below $1/day/gpu then there will be alot of people who won't see the investment as wise. Like why buy a $1000 GPU to make less than $1/day. The ROI will be almost 3 years. Even if ROI was gauranteed many won't see it as a good investment and they will just put their money in stocks.

When the payback of a video card in mining was 4-5 months, everyone bought video cards. Now the average payback is about 12 months, but after the end of Ethereum mining, it can increase to two years.
Therefore, newcomers will not invest in this business, and those who received a quick profit from several video cards may decide to sell them, while there is still market demand at a good price.

Finally the price of GPU-s is going just a bit down,still they are overpriced but right now mining profitability is going down which is good for people who want to buy GPU-s and see the long term gain as their future.I will buy soon 2 x 2060 RTX Super or 2070 RTX Super as soon as I find the 500-600 EUR Price target and add them to my mining.I have said it quite a few times but I am saying it again,it is never to late to jump in the mining wagon and have some fun(of course if you have money to risk in investing).

It looks that you are trying to get oveprofit, then mining profit decreases every day. May be you can drop price and sell it faster? Or wait until mining profit will grew up. Month... 6 months... 2 years...

It shows that people are getting smarter, gtx1660 super daily earning used to be 4-5$ and now it's 1.8$ to 2$ and moreover there is no guarantee that ETH won't abandon proof of work algorithm soon, also bull market have been around for long time now and what will surely comes next is red market

Maybe there's an issue with your price? I've seen a lot of crypto enthusiast tweeted that GPU price are decreasing since a few days ago, and there's more and more stock coming from distributors.

Or, more and more people realize that buying GPUs right now are equal to burning money for short-term pleasure with little to no benefit in the long run.

Retail stores are also getting tons of stock in now.  They are still gone by the end of the day, but they last a bit longer than in May when it only took 5 seconds to sell out.
Also from another thread is this:
https://www.tomshardware.com/news/700000-gpus-shipped-to-miners-first-three-months-2021

BTC still at 40,000$ and etherium at 2400$ close to all time high but 2 GPUs I sold on ebay and craigslist are not selling anymore. Beacuse eth is abandoning POW? There are plenty other coins mined by GPU right?? Just wondering...