market is about to re-bound
You did very well on this one
Can you try to tell us what will happen in 3 months time? 
Topic: Is your local Craigslist / Kijiji flooded with GPUs ? - page 3. (Read 6205 times)
You did very well on this one
Can you try to tell us what will happen in 3 months time?
I picked up 16 1070s on local craigslist for $250 each.
Saw an add at local craiglist for a 2 month old rig for with 11 580s for ~ 2.2K USD.
It's gone now...
It's gone now...
get what you can, market is about to re-bound
in Spain i only have Ebay as reasonable second hand market, and i'm begining to see a big amount of RX 570 & 580 at msrp prices. Considering prices for new gpu's are like 50% ahead of msrp value, well....it's not great but not bad
You're seeing RX 570 at the Spanish currency equivalent of under $200 for new cards?
Used cards should be selling for a lot less to be under MSRP.
Current coins price will not get you 10 months ROI. It takes more than that to make ROI unless the price of the coins pumped up again.
Who cares? Hold for years and sell at the correct time. You'll either be very happy or you'll lose all of your money. Easy.
in Spain i only have Ebay as reasonable second hand market, and i'm begining to see a big amount of RX 570 & 580 at msrp prices. Considering prices for new gpu's are like 50% ahead of msrp value, well....it's not great but not bad
Current coins price will not get you 10 months ROI. It takes more than that to make ROI unless the price of the coins pumped up again.
10 month roit is nor a problem, if is 10 month at the end, most investors will be more than happy to find investments with 10 or 12 months roi, the only problem is that 2 monts ago it was 5 month roi, some weeks ago went to10 month, and if the markets continue going down will be 24 or more months, and maybe after 12-18 months is it not clear if the current generation of gpus will be producing any profit and the resell value that gpus will have.
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...
So yeah, sure it’s bad...
The real problem of a 10 month roi is that no one knows what will happen with the prices of btc, eth, xmr or any other coin, maybe in 3 months the prices start to rally again and the roi goes from 10 month to 3 months, or maybe the market continues to selloff cryptocoins and the roi goes to no roi because our rigs does not produce any profit.
So when calculating roi seems people is thinking the current prices are going to be stable, and I think this won`t happen, so is not possible to know the real roi of an investment in a gpu mining rig.
So when calculating roi seems people is thinking the current prices are going to be stable, and I think this won`t happen, so is not possible to know the real roi of an investment in a gpu mining rig.
Yeah it's crazy. I think that's about what I'm going to ask for 1070ti's that are only a few months old.
My local market is not flooded. Im selling of everything i have right now and i get more for it used now then i bought for it. It feels like im scamming ppl but its an auction site... who wants to pay 500 dollar for a 1070 that has been used for 1 year.. its insane.
I really do expect craigslist to get flooded with some GPUs as small time startups realize that they can't deal with the heat these things generate in the summer.
I don't unless they just give up, because they don't know how to handle the heat.
I really do expect craigslist to get flooded with some GPUs as small time startups realize that they can't deal with the heat these things generate in the summer.
My local craigslist isn't too much different than it has been over the past couple of months. Same dude trying to sell a 1070ti for $800. There are a couple of 1080ti's that are priced within reason at the moment. I may throw up my Vega 56 rig and see what I can get. Currently there is a 5gpu Vega 64 rig on there for $6500. That's pretty laughable to me. I'm certainly going to be looking to sell my 1070ti's in the near future, but I'd rather not sell the entire rigs, and I'd prefer to do it on craigslist, so I can avoid giving eBay and Paypal 10% or whatever it is now.
Still delusional pricing on kijiji in my city.
Here are some examples (in CAD$). 1 CAD = 0.76 USD today
5 1070ti rig - $9000
7 1070ti rig - $14000 (same seller, as above
)
8 rx580 rig - $6000
2 1080ti rig - $3000
5 1070 rig - $5,500
6 1080ti, 2 1070 rig - $13,000
8 1080 rig - $9,000
6 rx 580 rig - $4900
5 rx 580, 3 rx 570 rig - $5,500
6 rx 570 rig -$5,000
oh theres a 1070 listed for 1200, vega 56 for $1300 and 580 for $690 too
lots of 1080tis spamming now too around the same price as new card.
I can tell these weak hands didnt roi and joined in when it was too late.
Here are some examples (in CAD$). 1 CAD = 0.76 USD today
5 1070ti rig - $9000
7 1070ti rig - $14000 (same seller, as above
)8 rx580 rig - $6000
2 1080ti rig - $3000
5 1070 rig - $5,500
6 1080ti, 2 1070 rig - $13,000
8 1080 rig - $9,000
6 rx 580 rig - $4900
5 rx 580, 3 rx 570 rig - $5,500
6 rx 570 rig -$5,000
oh theres a 1070 listed for 1200, vega 56 for $1300 and 580 for $690 too
lots of 1080tis spamming now too around the same price as new card.
I can tell these weak hands didnt roi and joined in when it was too late.
I noticed this trend also. Seems like it's an even bigger rip off selling complete rigs.
Basically $10000 total but contains $5000 GPUs and the other is $5000 of "labor" used to assemble the rig.
Still delusional pricing on kijiji in my city.
Here are some examples (in CAD$). 1 CAD = 0.76 USD today
5 1070ti rig - $9000
7 1070ti rig - $14000 (same seller, as above)
8 rx580 rig - $6000
2 1080ti rig - $3000
5 1070 rig - $5,500
6 1080ti, 2 1070 rig - $13,000
8 1080 rig - $9,000
6 rx 580 rig - $4900
5 rx 580, 3 rx 570 rig - $5,500
6 rx 570 rig -$5,000
oh theres a 1070 listed for 1200, vega 56 for $1300 and 580 for $690 too
lots of 1080tis spamming now too around the same price as new card.
I can tell these weak hands didnt roi and joined in when it was too late.
Here are some examples (in CAD$). 1 CAD = 0.76 USD today
5 1070ti rig - $9000
7 1070ti rig - $14000 (same seller, as above
)8 rx580 rig - $6000
2 1080ti rig - $3000
5 1070 rig - $5,500
6 1080ti, 2 1070 rig - $13,000
8 1080 rig - $9,000
6 rx 580 rig - $4900
5 rx 580, 3 rx 570 rig - $5,500
6 rx 570 rig -$5,000
oh theres a 1070 listed for 1200, vega 56 for $1300 and 580 for $690 too
lots of 1080tis spamming now too around the same price as new card.
I can tell these weak hands didnt roi and joined in when it was too late.
Funnily enough, my local parts market was flooded with GPUs even during the crypto boom. It's quite ridiculous, GPUs were being snapped up by the few that knew about crypto while gamers were looking to buy the newer generation and upgrade. The prevalence of crypto is not that great in Greece yet.
The last month has seen quite a few GPU posting showing up - but pretty much ALL of them at gouge pricing, with 1 posting for a bunch of USED cards apparently from a "johnnie come lately" type getting out of mining.
Several rig postings all along - at crazy high way inflated pricing.
Several rig postings all along - at crazy high way inflated pricing.
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