Topic: Graphics cards are flooding the market - page 3. (Read 825 times)

Miners who are waiting for next-gen cards will be disappointed. But you're right about the newer cards being very useful to gamers because of the high TFLOPs. So if gamers currently are 60% of the buyers of the market and they're waiting, that would drive prices down.

I disagree, because the type of people who are interested in GPU mining tend to be either college kids who spend mommy's money or upper-class technology workers. These folks aren't affected by inflation. If a recession happens, they need to worry about the value of their real estate or stock shares going down more than their mining rigs. Cryptocurrency may be an inflation hedge.

Honestly there are a few reasons.

First one is that since ETH POS is more or less confirmed sometime later this year… many just find it too risky due to the long ROI period.

Second is that there are new gen video cards being released soon so people are waiting for those.

Third is inflation and recession risk. People are saving their money for the worst to come due to the way the economy is going.

As the market was starting to show some life in summer and fall 2020. I grabbed some nice msi 5600 xt gaming at 230 each.

so 230 usd for 38mh at 95 watts at the wall.

everyone works as i type and i can sell them used for 400 on ebay.

https://www.ebay.com/itm/325089409290?

he wants 459 so 399 is good.
maybe 379.

so how is the market flooded or dead.

nothing to see here mine on.

oh 4000 series will all be lhr (you heard it here first)

and eth will not go to pos unless eth drops under 1k

they will do pos to ‘save the market’


far better than doing pos  at 3000 a coin and watching it drop to 900

than pos crashed everything.

MSRP Price is too high

Even though we are still 20-30% over MSRP these days, I don't think right now is a bad time to buy GPUs, considering the < 350-day payback time on most models. Just be prepared to sell them in a few months if you think you can time PoS correctly.

That's what leaked specifications of the new generation indicate so far. I don't think the compute efficiency increase will lower ETH power consumption by much. For nVidia's current RTX 3080/3090 series, the power-hungry GRRD6X VRAM eats up a big share of the overall board TDP. That is the part that won't improve by much.

When did flooding the market== MSRP?
Right now you are getting MSRP but what a lot.of us want is true deals. I remember a few years back getting 3 480s and a 1070 water cooled for $300 TOTAL.
Those are flooding the market days.

We have already seen this situation in the market. When there is an official announcement from Ethereum developers about the start of Pos mining, many video cards will go to the secondary market. This will be a good time to upgrade your old graphics cards.

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 bought two graphic cards over MSRP, they are RTX 3070Ti and 3060ti, now I know I fucked up buying these cards for a high price, I am just a bit over 50% of my ROI which isn't a nice move at all, as for all other graphic cards I own I bought at used, this is the best decision I've ever made.

Exactly. According to TPU, the top-end Arc 7 A780 model will have 560 GB/s of memory bandwidth for 200 watts. That is only 10-20% better than the RTX 3070, while the TFLOPs are 10% lower and it has the same wattage per TFLOP. So the ARC 780 should be comparable in price to a RTX 3070 or RX 6800 to gamers and miners alike.

The rumor mill seems to suggest that the lower-end Intel ARC cards will be available first, then the high end ones will follow. So I'm not bearish on video cards that are in the 3070 range or higher. Since prices have already fallen a lot since December, I expect a 10% decline at worst (if ETH price stays stagnant). The cards that would fall in price are the lower-end ones that gamers are desperate for. So don't buy current low-end cards! I stopped buying RTX 3060's.

As for Neeveeeedia's RTX 4000, it will take a long time to be launched. ETH PoS is a bigger concern than that. Even when Lovelace does arrive, it only offers 10% more VRAM bandwidth than the RTX 3080 12GB. So it will be uneconomical for mining regardless of the node or compute efficiency, even if you can get it down to 300w.

What about the AyyMD Rayydeon RX 7000 series? Same deal as the RTX 4090. Also AMD, being a smaller company, can only ship so much volume. So it shouldn't materially affect the market.

Here's my board view of the 2022 market



The new gen will have similar ETH hashrates as the old gen, but will be a lot more expensive because gamers care about TFLOPs. The only mining use case for them will be core-intensive algos like ProgPoW, FIRO or KawPow.

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.

evga 3090 ftw3 at 1699 vs 2069

if you get them direct from evga.com i have a 3% code.

Even if it is just a refresh, it seems it will be a 4nm, https://wccftech.com/nvidia-ada-lovelace-gpus-4n-process-node-advantage-over-5nm-amd-rdna-3/, current 3xxx is on 8nm. I would stay away from any 7nm or 8nm gpus and even the intels gpus, as far as I know intel gpus will be on 6nm, now more than ever no point buying gpus for mining, not even for speculation or gambling.

They've already said RTX 4090 will offer a generational performance leap over the company’s current flagship GPU, the RTX 3090

if 4xxx is just 3xxx refresh(like 2xxx to 1xxx)..it will be hilarious.

People are not buying because they know the 4xxx or next amd gpus will use 50% or more less watts, so the current generation of gpus in the market will keep going down in price because of that and many other factors like little profit at moment is not worth and Intel is soon entering the gpu market too, even though the mafia are still trying to keep the prices up, so idiots can overpay for the mafia gpus, do not be a sheep, do not buy gpus now.

Good Thing I never added new cards that are sold by higher than MSRP, it was the best decision I have made so far in terms of mining eth. Both my cards a few years back at low price and after 6 month it went to an overpriced which I had to stop buying. That is why recently I have posted on FB that my old cards is for sale and no one was interested, maybe they are waiting for this moment. I visit stores 3 time a months to check the price and wanna grab that 3090 if it will flood the market.

Price comeback to MSRP not mean it over.

when ETH price drop below 1000 and new GPU on market everyone sell old gpu in very low price that time you can say it over.

I still don't think it will make a big difference compared to if miners are buying GPUs for mining, now that consoles like PS5 and Series S/X are as powerful as gaming PC people are buying these consoles to replace gaming in PC because they are cheaper and yet they have high powers, GPU market is going to suck so much very soon.