Is your local Craigslist / Kijiji flooded with GPUs ? - page 2.

Rasanders22

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Quote from: meru890 on April 07, 2018, 04:06:01 AM

Just checked the bitmain website and the second batch of the e3 hash is listed for 1800 dollar. Maybe the first batch was cheap but 1800 Dollar (180 mh/s and 800w) for an asic is a actually a horrendous price. Who is gonna buy such an overpriced asic which will be obsolet in a couple of months and the hardware will have zero resell value?

Thats 450 day pay off for an ASIC. Not worth it at all. I get 185 mh/s @ ~700 watts and can mine any algo I want and could still sell my gpus to miners if I chose to.

Suslived

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Quote from: leonix007 on June 24, 2018, 11:41:24 PM

Seems this thread is worth to be up, I'm now seeing a lot of used GPU's and mining rigs on sale

chasing profitable coins for GPU is harder and harder

added ASIC and FPGA entries later on

GPU mining Fate..

History repeats..

Yeah and it's almost exactly one year later. I hope this thread gets posted on again next year.

Hopefully speaking, if the trend continues like last year, we should see mining profitability boom again from July to December 2018. Of course, this is a very optimistic outlook. We may see the same thing again, but for FPGAs and ASICs this time around.

leonix007

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Grow with community

Seems this thread is worth to be up, I'm now seeing a lot of used GPU's and mining rigs on sale

chasing profitable coins for GPU is harder and harder

added ASIC and FPGA entries later on

GPU mining Fate..

History repeats..

QuintLeo

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Quote from: meru890 on April 07, 2018, 04:06:01 AM

Just checked the bitmain website and the second batch of the e3 hash is listed for 1800 dollar. Maybe the first batch was cheap but 1800 Dollar (180 mh/s and 800w) for an asic is a actually a horrendous price. Who is gonna buy such an overpriced asic which will be obsolet in a couple of months and the hardware will have zero resell value?

It won't be obsolete in a couple of months - even when ETH goes proof of stake (PERHAPS by the end of the year, but I'd guess it's more likely to happen 1H 2019 for FULL POS) there will still be the other ethash coins for it to eek out a pittance income on.

My guess is that they misentered the price when they put the second batch up, and will correct it Monday - $1800 has pretty close to ZERO chance of ever paying for itself unless ETH pricing (or pricing on one of the other ethhash coins) jumps in a BIG way sometime in the next month or two.

leonix007

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Quote from: meru890 on April 07, 2018, 04:06:01 AM

Just checked the bitmain website and the second batch of the e3 hash is listed for 1800 dollar. Maybe the first batch was cheap but 1800 Dollar (180 mh/s and 800w) for an asic is a actually a horrendous price. Who is gonna buy such an overpriced asic which will be obsolet in a couple of months and the hardware will have zero resell value?

well there are some people who are called stupid that are willing to buy I guess, if ASIC manufacturer will sell on this pricings I bet my GPU's are still worth it. Long Live GPU..Lol Cheesy

meru890

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Just checked the bitmain website and the second batch of the e3 hash is listed for 1800 dollar. Maybe the first batch was cheap but 1800 Dollar (180 mh/s and 800w) for an asic is a actually a horrendous price. Who is gonna buy such an overpriced asic which will be obsolet in a couple of months and the hardware will have zero resell value?

QuintLeo

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Quote from: Za1n on April 06, 2018, 06:19:34 PM

Not really seeing much in the way of cheap GPUs in my area either, the few that are listed are still going for close to $150% premium over the MSRP. I expect more, and cheaper, listings to appear closer to the shipping date of the E3 miner.

I don't - the E3 is a pretty big risk, given the current timeframe the ETH developers are talking about for Casper deployment and the very small amount of market for a ethash miner after ETH goes fully Proof of Stake.

I DO expect to start seeing a few GPUs pop up at reasonable used pricing if coin prices keep sliding, or stay steady and Bitmain manages to build a TON of E3 units and sell them all.

It does look like they're having a bit harder time moving them than they anticipated, given the move to "allow 5 per buyer" instead of the initial 1 limit.

Za1n

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Not really seeing much in the way of cheap GPUs in my area either, the few that are listed are still going for close to $150% premium over the MSRP. I expect more, and cheaper, listings to appear closer to the shipping date of the E3 miner.

antantti

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You guys really need to up your game.

philipma1957

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Quote from: QuintLeo on April 06, 2018, 04:39:48 PM

Quote from: fr4nkthetank on March 22, 2018, 06:50:43 PM

Mining is very risky, and compared to just buying coins when they are low, probably not as profitable. Its a really, really, really good investment if you know what you are doing and will stay informed and interested over years and keep at it. just dont think its easy.

Investing is a lot more risky - someone that bought into Bitcoin (or pretty much any cryptocoin) in January has already lost well over half of their investment, while a MINER has generally been making money over that timeframe if they don't have crazy-high power rates and use fairly recent equipment.

The "up" side of investment can be a lot higher - but the "down" side is also a LOT lower - compared to mining.

I'm still not seeing ANYTHING on current cards locally for less than MSRP, and the few listings I AM seeing are still at a premium.
Downside of being in a "super cheap" electric rate area - folks around here are NOT turning off their rigs yet.

my rigs are paid off.

if a 1080ti set to 200 watts uses 5kwatts a day at 20 cent power that is a dollar in power cost.

As long as the card earns more then a dollar a day may as well run it.

QuintLeo

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Quote from: fr4nkthetank on March 22, 2018, 06:50:43 PM

Mining is very risky, and compared to just buying coins when they are low, probably not as profitable. Its a really, really, really good investment if you know what you are doing and will stay informed and interested over years and keep at it. just dont think its easy.

Investing is a lot more risky - someone that bought into Bitcoin (or pretty much any cryptocoin) in January has already lost well over half of their investment, while a MINER has generally been making money over that timeframe if they don't have crazy-high power rates and use fairly recent equipment.

The "up" side of investment can be a lot higher - but the "down" side is also a LOT lower - compared to mining.

I'm still not seeing ANYTHING on current cards locally for less than MSRP, and the few listings I AM seeing are still at a premium.
Downside of being in a "super cheap" electric rate area - folks around here are NOT turning off their rigs yet.

Metroid

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Quote from: adaseb on April 06, 2018, 03:34:28 PM

It's funny how someone is selling 5 video cards and says "never mined with"

I guess they want to advertise their gpus have not been tortured hehe

adaseb

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I am finally starting to see some deals.

Some GPUs are below MSRP even.

Especially the 1060 and 1080.

It's funny how someone is selling 5 video cards and says "never mined with"

Vann

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Quote from: fr4nkthetank on March 22, 2018, 06:50:43 PM

Mining is very risky, and compared to just buying coins when they are low, probably not as profitable. Its a really, really, really good investment if you know what you are doing and will stay informed and interested over years and keep at it. just dont think its easy.

Since nobody can tell you what the bottom is for a coin, mining is less risky than buying coins, which IMO is why many people choose to mine. Mining allows you to accumulate coins at a lower price than buying them directly. You have more room to sell at a profit, even in a market downturn. With a mining rig you can also spread your risk by diversifying in different coins without having to risk more capital. You also have an asset than can be liquidated to recoup much of your initial capital.

In a bull market when coin prices are on an uptrend and mining difficulty is increasing, you can accumulate more coins for the same amount invested by purchasing coins directly, but since you only make money if the price when you sell is higher than what you paid, there is more risk.

Take for example ETH. At the current dificulty, a six card RX 570 rig can mine ~0.4 ETH a month at a recurring cost of ~$70. That's equivalent to buying ETH at $175. ETH would have to collapse in price by 67% from today for you to sell at a loss.

http://whattomine.com/coins/151-eth-ethash?utf8=%E2%9C%93&hr=175&p=780&fee=3&cost=0.12&hcost=0.0&commit=Calculate

Mike011

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Quote from: fr4nkthetank on March 22, 2018, 06:50:43 PM

Mining is very risky, and compared to just buying coins when they are low, probably not as profitable.

Utter nonsense. Do you know for sure when (or at all) those coins "bought when they are low" go up? If you do, then you should be a millionaire by now and would not be wasting time on this forum. Buying coins and praying for them to go up is a 50/50 chance. Pure gambling.

fr4nkthetank

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Now the money is free, and so the people will be

Mining is very risky, and compared to just buying coins when they are low, probably not as profitable. Its a really, really, really good investment if you know what you are doing and will stay informed and interested over years and keep at it. just dont think its easy.

DevelopmentBank

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Quote from: ricardobayes on March 18, 2018, 02:13:05 AM

I don’t get why 10 months of roi is considered bad. No other investment yields this much at the moment. A $5000 rig produces as much monthly profit as letting a condo in my city.
So yeah, sure it’s bad...

This is probably because people bought mining hardware with the expectation of a 3-month ROI which was the case just a few months ago (December 2017). Aside from that, theres probably the factor that mining profit is going down daily and may possible reach a point where profit is 0. Easily understandable why that is what people are afraid of, it's bad...

bill121

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Gpus are still massively overpriced in the UK too, not much 2nd hand gpus anywhere except ebay. Most are still about 50% higher than they should be. 2nd hand vegas are selling for £700.

IndzheborgC

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For the correct calculation of the economic efficiency of the invested funds, it is necessary to take into account the residual cost of the video cards, or, better, the whole of the farms.

For example, in the summer of 2017, after buying parts abroad, after assembly and adjustment, I could sell the farm as a whole 1.8 times more expensive.

Raimy

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There is a persistent Craigslist ad near me that lists a EVGA GTX108TI for $600. It lacks much detail and there are several posts using the same pictures so I think it is a scam.

Most of the other GPU ads are still asking more for used cards than they sell for retail, for example used GTX1060 6 GB for $550, lol.

Topic: Is your local Craigslist / Kijiji flooded with GPUs ? - page 2. (Read 6205 times)