Topic: Why are so many people dumping GPUs all of a sudden? - page 2. (Read 4675 times)

I didn't know we had a hardwale sales section

This just showed me I was right to stick with NVidia. The mining farms at the time of the RX series are far bigger now than they were with R9's. I knew these would eventually flood the used markets


I am keeping my main GTX 1070 in my main computer. The second one I bought I already have a buyer for 14 months from now simply because I agreed to sell him 20 below averaged used value plus he will have access to me for the PNY lifetime warranty which could land him a GTX 1170 or GTX 1270 If it were to die

This is also avoiding shipping fees, paypal, and strangers visiting to see if it works

I'll consider this stuff though if I were to ever make dedicated mining rigs

Paypal will just say you took a photo but you've sent an empty box instead. They will get their refund, your only hope is maybe claiming the shippers insurance and saying it was stolen in transit by some postal employee.

i just do a photo before selling, they can't say anything, if they say something like this i'll send the photo to paypal to prove they are wrong

fee are bad yes, in fact i increase the price when selling on ebay, by roughly 10%

1070/ Fury x is a bare minimum for a serious gamer nowadays, 2k/ 4k resolution with rendering settings all the way to the right just brings every modern gpu to its knees. Even pascal titan in sli is not overkill. SLI/ crossfire typically has some scaling/ driver issues.

For an average 1080p CSGO gamer anything goes and that is why about every piece of computer hardware starting from sandy bridge era holds its price so well. For a budget gamer intel 2500k bundled with gtx660/ hd7970 is still that sweet spot.

Some average street prices here right now. These are gpu´s are originally bought from well known local dealer who handles product replacements fast (instant-2 days), including original boxing + proof of buy (and 36 month warranty starting from that date). Sales tax is 24% here, you can save 10-15% if you buy from some web dealer (typically located in Germany) but resale price is also lower + you need to wait x days/ weeks in rma cases.

1080 slow market, rare sellers ask too much, 500-550€ (new starting from 700€)
1070 sells in minutes, 440-460€ (new 530€)
1063&1066 easy to sell, 200-250€
980ti easy 300-350
970/ 980 easy 160-200

higher end 600/700 series + 750ti are also easy to sell 50-90€

nano, fury 250-300 (new started from 400€)
480 200-220 (8GB 300€ new)
470 no sellers
295x2 300-350€
390/ 390x 180-200
290/ 290x 120-180
7950/70 280/x 70-100
270/ 370 (x) also sell well.

Dumping dozens of cards typically takes 2-3 weeks if you want decent price, sell them under market price and you are done in days. Average buyer is middle aged male gamer or a student.

As we have seen earlier this market can change really fast, about as fast as btc dumps or eth goes to pos. It is too late to sell when music stops...

i think a lot are selling thier gpus now, because profits are falling and gpus that seemed like a great investment when they made $3/day might be making little or no profit now, especially where power costs >$0.15/kwh

anyone paying <$0.15 is probably holding tight to their gpus. anyone paying <$0.08 is probably still buying up gpus quite happily

IMO, a few things wrong in your analysis.

1) 2x 480 might *mine* faster than a single 1080, but for gaming the 1080 (or even a 1070) would win hands down at most tests - using crossfire doesnt offer a 200% performance, its more like 150% the speed of a single card  http://www.tweaktown.com/articles/7770/amd-radeon-rx-480-crossfire-beating-geforce-gtx-1080-4k/index9.html  (tldr: CF RX480 perform weaker than the 1080 in most cases, and outperform in some games that are optimized for multiple GPUs)

generally speaking, a single GPU is bound to work great at everything, whereas crossfire (or sli) only help on games that are programmed to benefit.

2) 2x480 costs the same (or slightly more) than a 1070. The 1070 has better power consumption, and as mentioned is better for games that dont have any DX12/crossfire benefits.

3) the 980 launched over TWO years ago (end of 2014, versus its now 2017). not to mention launch pricing is always high, and drops 10-20% within the first few months. the top-of-the-line cards sell at a massive premium too as they are aimed at a hardcore crowd. the best performance/$ is always found in the mid-tier cards (the 270/280, the 970/1070, etc)

and finally, as amph mentioned the 10XX series has done an excellent job of making money since release - the 1070 made almost $20/day at lbry for a week or two. I bought mine a few days into the hype, and its made back ~80% of what i paid so far, and the card still holds ~70% of its original MSRP on kijiji/ebay

hm really i pay wow with a 2 gb  370 and it runs great @ all most  max setting ....

The problem with eBay are the fees. Its almost 15% in fees alone.

Then there is the headache of having to accept returns or have scammers say you've sent them an empty box and they get a free GPU.

you can easily sell second hand gpu on ebay, in fact i've sold all my old 970 easily there, i'll sell my 1070 when the time come in the same way

or privately on another forum, only here it's hard to sell because of trust and stuff like that

I don't know if you ever tried to sell anything on Craigslist or Kijiji but the more an item costs the more of a headache it is to sell.

With $100 GPUs, people will come and meet you at a public place, pay cash and deal is done.

With $300 GPUs, people will want to see the GPU working prior. Do you want to invite strangers into your house? Most people won't buy an expensive GPU without seeing it working first since its too risky.

You need to consider these options when unloading 30-40 of your 1070 GPUs.

not true at all selling one gpu doesn't prove anything i've sold all my nvidia easily the first day i put them on the market..also you might have sold it to a miners which prove my point...

we are going in the high resolution era having 4gb will not cut it, this is the reason why all gpu are moving to higher amount of memory

1070 currently are sold like nothing, it's the best gpu for gaming available, denying this is a fanboyism...

i could agree only on the 8GB version of amd...those have a point but those gpu don't cost half of a 1070...


again it depend on the resolution if you are gaming on a 1440p every gpu at 4gb is crap with the recent gamers release, it's not my problem if you are stuck on 1080....

and no those who can afford 300 for an used gpu why should pay 400 for a brand new when they get the same cheaper? no-sense

Exactly.

Those that can afford to pay $300 for a used GPU they just buy it retail brand new. Its hard to find a market for those types of GPUs hence they tank in the second hand market.

It really makes no sense for an enthusiast gamer to pay 80% off retail for a used GPU when they can just pay 20% extra and get a shiny new GPU.

Regarding the 4GB vs. 8GB, there are 2 or 3 games that benefit from the 8GB the rest perform at the exact same speed on 4GB and is a complete waste of money.

90% of Gamers want cheap cards only enthusiasts pay over 300 per card , i have sold a bunch of my voltage locked XFX 4GB 480s and ASUS for 170-185 usd plus shipping easily on ebay , youre dead wrong on this
just stop it fanboy

gamers don't like 4gb card, they like 8gb card, that's why they will not buy amd from miners

also at present 1070 is making a killing in gaming industry, it's the most wanted gpu for now, it can handle any games at higher resolution

And who do you think buys the RX 470? or RX 480? Its gamers also.

2x RX 480 is faster than 1x 1080.

If 2 of the 480's are cheaper and faster than a 1080 why in the world would gamers overpay for a 1070/1080

The Nvidia's will tank in price also.

Plus its easier and faster selling something that's cheaper.

I remember how hard it was selling an R9 280x or R9 290 during the Litecoin crash of 2014. Nobody in the second hand market could afford to pay $200-$300 for a used GPU. But the R9 270X sold super fast for $100.

The Nvidia 980 launched at the end of 2014 for like $550, right now a year later its going for about $200 on eBay. How is that 80% off retail? More like 70% off retail.

i'm selling to gamers, they will pay for 80% if not more for a 1070, and i don't need to roi on my 1070 because i can stills ell them for 80% of the retail, so i need to roi on 20%

besides this ive already roied on my rig of 1070....tnx to lbry early stage with its high return

Right now you can sell a 470 4gb for 80% off retail and that's what they are going for these days. Nobody knows what these GPUs are going to be worth when the dumping starts after Ethereum goes POS.

Nobody will pay 80% off retail for a 1070 when you can buy a few cheap 470's and crossfire them. The 1070/1080 will tank in price also. They are all interconnected one way or another.

In about 1 or 2 months, an 470 4GB will be completely paid off for most. How many more months until a 1070 is paid off? 6 more months ? 9 months?

Mining is not as profitable as it was a few months ago which is why the weak hands are selling. the 4GB cards 470s can be bough for 170ish now even in six months they will probbaly sell for around $100-$120 and they should earn you back your loss of say $70 usd in
2 months of mining so I dont see any reason to spend 225 on a 8GB card that that will lose dollar wise around $50 vs $70 of a 470 4GB when they all mine at about the same rate.

normally if i can sell my GPU's for 60% of what i paid for them after they have mined for say two years I'm usally quite happy.  Even in summer I will run a bunch of my 470s since they use less power and generate more heat
and maybe pay say %20-30 more in power make less money but they would and paid for themselves by june if i bought them in nov/dec

Not sure what the fuss is about on resale.

believe me when one coin or another spikes 50-60% in price all those that sold will be kicking themselves , mining is like any other investment you have to play the long game ..

personally i'm buying alot of these gpus people are selling or buying whenever i see a sale on newegg

Many factors like previosly stated.

Coming of Vega, some drops in profits. One thread is guy selling 6 cards because client decided to cancel order and he can't return them.

Actually cheaper GPUs are easier to sell since there is larger market , imagine trying to sell 50 1070GTX for gamers , you will need couple of months unless you offer lower than your 80% mark.
you will have to sell in the 250-300$ range to offload quickly .