Is the RX 580 8gb nitro+ gpu worth buying at $315

User44a

jr. member

Activity: 73

Merit: 2

Quote from: Trade_BTC on July 12, 2018, 11:56:06 PM

Thanks everyone for your opinions. I have seen recently many developers still releasing greater gains for this card in particular. I have the option to buy 60 of these this week and for those who asked, yes its the blue version.

Not looking for super short roi but 1.2 years and really low electric draw is my hope for these.

Have you considered to buy 20-30 Vegas instead of 60 RX580? You'll be getting the same hashrate with much lower el. bill, using less space/hardware.

Trade_BTC

hero member

Activity: 785

Merit: 502

Thanks everyone for your opinions. I have seen recently many developers still releasing greater gains for this card in particular. I have the option to buy 60 of these this week and for those who asked, yes its the blue version.

Not looking for super short roi but 1.2 years and really low electric draw is my hope for these.

DireWolfM14

copper member

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Sapphire RX 580 Nitro+ 8gb is selling for $300 at newegg. That's a great deal, but I wouldn't buy it right now, I would wait another month or so. The way ASICs are being pumped out for cheap, and the new generation of GPUs on their way to market, I expect the 580 Nitro+ to be around $250 in the very near future.

shield132

hero member

Activity: 2198

Merit: 847

Quote from: Metroid on July 12, 2018, 12:52:59 AM

for $100 might be okay for now but still dangerous to buy it for $100 if you want only to use it for mining. Now if you want to game then around $150 would be okay.

Are you kidding? Was there anytime in this world price of RX 580 nearly 100$ ?? Especially when we talk here about sapphire nitro+ which is the greatest gpu among rx 580 series.
OP it worths depends on if your want stable income and not 3 month profit, currently this coin makes nearly between 1.5-2$ in 24 hour. If you hold for example Eth and it's price will rise in some months, then you'll ROI quickly, everything depends on your wishes. But this card still rocks.

crairezx20

legendary

Activity: 1638

Merit: 1046

Since no coins right now can give you more profitability this price is too high it takes 18 months before you recover your investment thats too expensive for mining.
If you can buy it around $170 you can recover it in 8 months or more depends on the difficulty and the price of the coin you mine.
Since the difficulty is not stable you can recover your investment more than 9 months.

Proton2233

sr. member

Activity: 434

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Now the profitability of GPU mining has dropped. This process is ongoing. I predict a further fall in prices for the GPU. Especially from AMD. AMD lost the competition to NVIDIA. Even those miners who will remain in this business will give preference to NVIDIA. AMD 5xx series should not cost more than $ 100.

deskless

jr. member

Activity: 279

Merit: 1

I have been trying to grab USED 4GB RX4/5XX at price 125 on ebay but unable to do so. They are more going around 175 at moment. I am talking about here in US.

markiz73

hero member

Activity: 1190

Merit: 641

If we talk about the SAPPHIRE AMD Radeon RX 580 NITRO+ RX 580 8G OC, then this model has a number of advantages:
2 bios (you can experiment with the firmware and are not afraid of breakdowns)
This model has a very good cooling system, much better than two fan analogues from MSI, ASUS,POWERCOLOR,GIGABYTE

minuses
expensive price
8 + 6 pins, although only 8 pins can be used

For 270 dollars you can buy another video card with a 3-year warranty and it will give 31 Mh/s.
About the investment in mining. Investments are beneficial under certain conditions: cheap electricity, cheap computer components, ready-made rooms for mining. Asics, FPGA, change ETH algoritm on the POS will very quickly reduce the profit on the GPU.

shibob

full member

Activity: 672

Merit: 154

Blockchain Evangelist.

For me, at the current situation, $315 is really expensive, 290$ is more reasonable price for RX580 8Gb.

leowonderful

legendary

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Merit: 1129

Bitcoin FTW!

Yeah, I don't know what you're trying to say with the $100-150 cards either- that's what 1050Tis and 1050s are selling for right now in the US, and they're significantly weaker than any RX 580 or 570 at any task. Even before mining really blew up, $150 RX X80/X70 cards were pretty rare to find even with rebates and all, and those cards sold out pretty quick. If I could find an RX 580 at that price I'd buy a crap ton, but that's not a reality at least where I and most people on this forum live.

jillscarbrough

sr. member

Activity: 588

Merit: 335

Steady State Finance

That price cheaper than the whole local store in my country. Even I bought RX 480 (Sapphire Nitro) in the middle of 2016 at $230.

Worth it or not?
It will depend on the miner itself, our electricity cost, our mining plan & strategy, also our long-term plan and some other thing.

We can only predict the next situation, we can predict the GPUs price will drop in the next few weeks/month, but who knows? We can predict whatever things, so we need a lot of consideration to make the decision.

For me, that's still worth. Of course with my current condition (my electricity cost, my current plan that been running, etc.)

vectisitch

legendary

Activity: 1927

Merit: 1004

the rx580 8gb is a great card from mining but i'm not sure the nitro is wort hthe premium. i have powercolor red devils with modded bios and they give me 31mh/s on eth

bitrpc.com

newbie

Activity: 6

Merit: 0

It's not worth it at $315 Wink

. We concur with others.

huntingthesnark

member

Activity: 357

Merit: 26

Quote from: adaseb on July 12, 2018, 03:56:15 AM

Quote from: Metroid on July 12, 2018, 12:52:59 AM

for $100 might be okay for now but still dangerous to buy it for $100 if you want only to use it for mining. Now if you want to game then around $150 would be okay.

Me and my buddies were looking for these $100-$150 GPUs and they are not appearing anywhere.

Even on Craiglist the GPUs are going to around MSRP and they are used and some don't even have warranty.

In local computer stores they are all sold out or they are being sold at 50% over MSRP with a crappy $20 rebate.

Even though $100 is a safe price to buy, nobody will sell a GPU priced so low.

No indeed, these are imaginary prices. On UK ebay you'll get about that for a good brand RX series listed as broken non-working (for the spare fans). Between double/triple that for a working card...

adaseb

legendary

Activity: 3738

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Quote from: Metroid on July 12, 2018, 12:52:59 AM

for $100 might be okay for now but still dangerous to buy it for $100 if you want only to use it for mining. Now if you want to game then around $150 would be okay.

Me and my buddies were looking for these $100-$150 GPUs and they are not appearing anywhere.

Even on Craiglist the GPUs are going to around MSRP and they are used and some don't even have warranty.

In local computer stores they are all sold out or they are being sold at 50% over MSRP with a crappy $20 rebate.

Even though $100 is a safe price to buy, nobody will sell a GPU priced so low.

MATHReX

sr. member

Activity: 861

Merit: 281

With the incoming ASICs on a variety of algorithms, re-birth of FPGA Mining with insane hashrate on a few algorithms, overpriced GPUs, Release of new architecture GPUs around the corner, Bearish Crypto market are plentiful reasons to wait and see what will become of the future of GPU mining.

target

legendary

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Merit: 1041

Quote from: realaccountakira on July 12, 2018, 02:24:06 AM

Quote from: Trade_BTC on July 12, 2018, 12:21:53 AM

Just wondering if miners still feel this card is worth putting money into this late in its life cycle. I am looking for opinions so let me know please.

Its not worth it, especially because its this late in the mining life cycle.

That card will barely even make a dollar after electricity costs. And thats not to mention the upcoming ETH E3 ASICs that are about to be delivered by bitmain next week. Oh and lets not forget the fact that ETH is switching to POS real soon as well. There are so many reasons not to buy mining hardware right now..

Can't it be used to mine some other altcoin like XMR? How about the newer coin today like the fork EINC?

I think, I have recently been planing to mine altcoins which I have bought two GPUs for a rig that I have been planing for months already. Now that we have learned ETH is turning POS then the rest much have something in mine which coin to mine after. You think ETC or the EINC will be good?

realaccountakira

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Quote from: Trade_BTC on July 12, 2018, 12:21:53 AM

Just wondering if miners still feel this card is worth putting money into this late in its life cycle. I am looking for opinions so let me know please.

Its not worth it, especially because its this late in the mining life cycle.

That card will barely even make a dollar after electricity costs. And thats not to mention the upcoming ETH E3 ASICs that are about to be delivered by bitmain next week. Oh and lets not forget the fact that ETH is switching to POS real soon as well. There are so many reasons not to buy mining hardware right now..

leowonderful

legendary

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Bitcoin FTW!

I remember seeing the 570s or 580 4GB cards at near $200 yesterday on sites like Newegg in the US- that's a much more reasonable price for a card like even the Nitro + to be going for- I'd maybe consider it at $250, but that's still high. I wouldn't suggest investing into gear at this current moment as card prices are rumored to drop soon, and the next generation of cards should come out soon anyways which should cause this current generation of cards to drop in price. Break even time's an issue as well.

ra213

member

Activity: 294

Merit: 10

Mining is not really profitable currently, so I would not invest in this card. Last year at that time the ROI was about one year, I assume it will be even longer now.

Topic: Is the RX 580 8gb nitro+ gpu worth buying at $315 (Read 358 times)