Topic: The great tsnuami of selling used GPU's..When will it commence - page 2. (Read 2053 times)
The tsunami of selling GPU's will start not before the coming of new cards in the market, especially the AMD RX VEGA cards which are projected to hit the market right just after the August 1. I don't know if that is a good time or a bad one but if the new cards are not available in the market no one will sell their cards, 29 Mhsh on Ethereum still makes you 0.0007 btc daily so 6 of them makes you still 0.0042 btc daily and for miners like me that is a good amount to have daily. I don't care that the price is going down, I am sure it will recover so as long as I am collecting new amount of bitcoin everyday no matter how low amount I am happy.
We will see, i think that its not going to be smart to buy those used cards, because eth is moving to pos after that everyone will move to only two coins that are large enough (have above 100k cards) ETC, ZEC, others arent so "important" (they have so small network). Thats the time that is going to be even worse scenario than now.
Most noobs will stop mining this week if they have sense if not then they will keep mining and think their card still doing $5.80 per day hehe, their mining experience was terrible, they started thinking they would be rich and they will end with remorse, disappointment and huge debts.
Worldwide, a 29 mh/s gives you at moment only $0.40 per day on eth.
Worldwide, a 29 mh/s gives you at moment only $0.40 per day on eth.
youre forgetting that these new commers paid abig premium for thier hardware, they might sell at some loss
but not a huge loss, remeber they have to pay back thier loans etc
you might get a 20 to 30 percent discount, bit youre also competing with gamers, and to be honest if somone keeps their gear and mines for six months when eth hashrate drops by 30 percent on the rx cards will be paid off by them
so it actually makes more sense to keep them put the towards another algo.
1070 are beasts at mining tons of algos so i dont see prices on those dropping below 400
what do i know though
but not a huge loss, remeber they have to pay back thier loans etc
you might get a 20 to 30 percent discount, bit youre also competing with gamers, and to be honest if somone keeps their gear and mines for six months when eth hashrate drops by 30 percent on the rx cards will be paid off by them
so it actually makes more sense to keep them put the towards another algo.
1070 are beasts at mining tons of algos so i dont see prices on those dropping below 400
what do i know though
I'm waiting for that too! I'm 100% sure that a lot of people who thought that this is an easy route to get rich in a short time and bought mining rigs are going to sell in no time.
Just give them a week or two. You'll see cards everywhere.
Idk at that time if I should buy nvidia or amd but let's just wait and watch.
Just give them a week or two. You'll see cards everywhere.
Idk at that time if I should buy nvidia or amd but let's just wait and watch.
Probably tomorrow if the price keeps dropping.
I have a bet with a friend that rx580s will be <$100 by 9/1/17.
I have a bet with a friend that rx580s will be <$100 by 9/1/17.
I'll bet against you, but I agree that those prices will drop at least to stock prices, around 200$. As they were before spring 2017
Miners have no control over the market retraction due to the BTC Bip 148 controversy. They do have control over if they sell their hardware INVESTMENTS and at what price it makes sense for them to sell. If the market doesn't recover from the Bip 148 controversy, within then next few months I would expect to see GPU availability return and therefore used card prices would stabilize to less than what new cards could be bought for, instead of the premium they are selling for now due to the shortage. Retailers have raised prices 40% over the last month for the most popular mining cards due to the shortage and as we learned during the last gpu run-up, prices will be slow to come back down.
Probably tomorrow if the price keeps dropping.
I have a bet with a friend that rx580s will be <$100 by 9/1/17.
I have a bet with a friend that rx580s will be <$100 by 9/1/17.
To the earliest post i dont think that btc upgrade (or possible split) is causing the whole market to collapse, IMO that doesn't make sense, because other coins should rise for safer bet, i think that whole crptosphere was in big bubble that just burst.
And I agree there will be so many used rx500/rx400 by that time, that price could get to 50$
Anybody that been mining for more than three months knows that Alt coin prices are closely tied to BTC. Crypto investments are about investor confidence and if BTC as the market leader has a loss in investor confidence, that is going to drag all other coins with it, which is what is happening now. Altcoins are also traded in BTC, so that has a direct impact on their price. The other part is the parabaolic move in most altcoins over the last months, which has no real basis other than the move in BTC, so a retraction is completely normal and expected.
Once Ethereum goes sub-100 we'll see it all pour out. Surprisingly people are still buying 470s for $300 on sites like eBay. I do not see anything reasonable or near MSRP where I live on Craigslist and sites like that but I guess it'll take some time. Funny how much other cryptocurrencies count on Bitcoin for price stability, all alts are in the red with the recent plunge with BTC.
I am also waiting for the gpu flood. A lot of noob will sell the cards after they realize they won't be rich in 2 months! 
I am planning to buy a lot of 1070/1060 but I won't buy any AMD from the RX series.
RX4xx and RX5xx will worth almost nothing in 6 months, so the best what you can do if you have one to sell it and buy an NVIDIA.
I am planning to buy a lot of 1070/1060 but I won't buy any AMD from the RX series.
RX4xx and RX5xx will worth almost nothing in 6 months, so the best what you can do if you have one to sell it and buy an NVIDIA.
Miners have no control over the market retraction due to the BTC Bip 148 controversy. They do have control over if they sell their hardware INVESTMENTS and at what price it makes sense for them to sell. If the market doesn't recover from the Bip 148 controversy, within then next few months I would expect to see GPU availability return and therefore used card prices would stabilize to less than what new cards could be bought for, instead of the premium they are selling for now due to the shortage. Retailers have raised prices 40% over the last month for the most popular mining cards due to the shortage and as we learned during the last gpu run-up, prices will be slow to come back down.
Probably tomorrow if the price keeps dropping.
I have a bet with a friend that rx580s will be <$100 by 9/1/17.
I have a bet with a friend that rx580s will be <$100 by 9/1/17.
To the earliest post i dont think that btc upgrade (or possible split) is causing the whole market to collapse, IMO that doesn't make sense, because other coins should rise for safer bet, i think that whole crptosphere was in big bubble that just burst.
And I agree there will be so many used rx500/rx400 by that time, that price could get to 50$
Probably tomorrow if the price keeps dropping.
I have a bet with a friend that rx580s will be <$100 by 9/1/17.
I have a bet with a friend that rx580s will be <$100 by 9/1/17.
Miners have no control over the market retraction due to the BTC Bip 148 controversy. They do have control over if they sell their hardware INVESTMENTS and at what price it makes sense for them to sell. If the market doesn't recover from the Bip 148 controversy, within then next few months I would expect to see GPU availability return and therefore used card prices would stabilize to less than what new cards could be bought for, instead of the premium they are selling for now due to the shortage. Retailers have raised prices 40% over the last month for the most popular mining cards due to the shortage and as we learned during the last gpu run-up, prices will be slow to come back down.
Been mining and (holding) some zcoin and in the hope the rates would improve. Now sold at a considerable "loss"...well compared to < last week..
I still can make a profit from selling GPU hardware Already sold several gpu's (1060 6GB) ...Wonder when the gpu gates wil open and the price of gpu's will decline as rapidly as the current coins.
I still can make a profit from selling GPU hardware Already sold several gpu's (1060 6GB) ...Wonder when the gpu gates wil open and the price of gpu's will decline as rapidly as the current coins.
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