NVIDIA GeForce Prices Skyrocket as Cryptocurrency Miners Snap up Supply

For those taking about getting cheap used cards once this moves on...I wouldn't. Most of these mining cards have been beat on, high clocks/voltages, BIOS mods just for mining and then run at 100% for months on end, these cards have seen what would amount to decades of gaming use in that time. Assuming no damage from voltages/mods/BIOS to start with.
 
BlueFireIce said:
For those taking about getting cheap used cards once this moves on...I wouldn't. Most of these mining cards have been beat on, high clocks/voltages, BIOS mods just for mining and then run at 100% for months on end, these cards have seen what would amount to decades of gaming use in that time. Assuming no damage from voltages/mods/BIOS to start with.
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FUD.

Please educate yourself before making stupid posts.
 
Parja said:
FUD.

Please educate yourself before making stupid posts.
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I have, and have seen how some people run these rigs. I have seen from server farms with companies to back yard shack setups. I have seen hacked up cards, lots of BIOS mods all over depending on what cards and what is being mined, some undervolted, some overvolted, depending on where they can get efficiency at and/or if they are the ones paying for power. And they are indeed run 24/7 for months on end, so what exactly is FUD here?

there use to be a string of people posting in the help section here for buy/sell of people buying from members HERE as well as ebay/CL asking why gaming performance was shit or why it has non stock BIOS. Lot of artifacting cards the the like as well back when mining first started, this resulted in people here on the [H] when listing (most AMD cards) to state in their ads that the card was never modded or used for mining. Does that mean the card will have issues? Absolutely not, and many will be flashed back to stock if modded, however being aware of the use and time on the card vs what you are paying is significant.
 
It doesn't look like the ITX 1070 cards are moving as well as the regular cards. I was thinking I could sell it for a big profit and get a 1080ti for my big rig. :(
 
After Ebay and Paypal fees (roughly 13%), the profit margin is a lot less than people think.
 
The Microcenter in Kansas City is getting hit hard. I'm seeing people I've never seen before in there going in and buying up the cards. Microcenter did something about it tho. They limit you to 2 cards now. The 3rd one automatically goes up to $10,000.

Saw some guys in business suits the other day that were absolutely totally out of fcking place and they both were buying 2 video cards each.
 
Staples said:
After Ebay and Paypal fees (roughly 13%), the profit margin is a lot less than people think.
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I didn't know people even stilled used eBay anymore to sell stuff. Reddit and Craigslist and you're more than good ... you are very good. Unless you live in a town with only 20,000 people in it. Then you're screwed in probably more ways than one.
 
OH lordy, I might be moving up to an Enthusiast system before the end of the year if my luck holds out. About 18 months ago I bought 500 shares of AMD when it was around 1.20. Now I might be able to resell my 980ti here before too long...
 
Archaea said:
that's what somebody making buckets of money told you to keep you out.

I started mining this weekend on a pair of Fury X and a single 1080TI. My predicted income is about $500 USD per month using NiceHash.

It's still too early for me to tell you it's legit, since I just started - but I've been mining for 48 hours now and my first $35 bucks or so is made, and my first payout of supposedly $125 is 6/27. After that I'll know if it's legit.

If you think the whole concept of mining is overly complicated --- it is. But you can get started pretty easily with nicehash FAQ.
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If you've only been mining for two days I'd caution you about counting your chickens just yet.. 2x Fury X + 1080 Ti is not going to net $500/month, regardless of what you pay or don't pay for electricity.
 
kinjo said:
Just sold my 1070 for $490. Bought a brand new 1080 for $495. five bucks to upgrade to a 1080... was going to hold off on upgrades but at that price it's too good to pass up. If the trand continues in to the 1080's I may just sell that too. freaking crazy, you would think once the 1070 prices hit the same level as the 1080 prices people would just buy 1080's.
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people want the lesser power draw of the 1070.
DPI said:
If you've only been mining for two days I'd caution you about counting your chickens just yet.. 2x Fury X + 1080 Ti is not going to net $500/month, regardless of what you pay or don't pay for electricity.
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I'm a greenhorn, but this is my mining stats
https://new.nicehash.com/miner/19BtZuQUeV319VE1ZShNbfncWotadTvTKn

It's down a little today, but still says mid/high 400's monthly --- and yes that's on two Fury Xs in one machine and a single 1080TI in another. With even some down time mining - to play some games.

Is that calc prediction page fraudulent? I'm using the nicehash miner.
 
Claymore on Ethermine says $157.00 a month with my 1070+770 (39.4Mh/s with safe/stable/cool settings). Top end it costs me $1/day, to power it. 157-30 = $127/mo with nothing special but a 1-click setting in MSI and starting a bat file.
 
Archaea said:
I'm a greenhorn, but this is my mining stats
https://new.nicehash.com/miner/19BtZuQUeV319VE1ZShNbfncWotadTvTKn

It's down a little today, but still says mid/high 400's monthly --- and yes that's on two Fury Xs in one machine and a single 1080TI in another. With even some down time mining - to play some games.

Is that calc prediction page fraudulent? I'm using the nicehash miner.
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It's not that its fraudulent, it's that there are X-factors you aren't considering because you just started. There's a learning curve here, and to be successful you need to keep learning rather than just clicking start on a 1-click tool and assuming "okay that's going to be my guaranteed payout" with no further consideration. There are variables beyond a miner's control, and it's important to understand them.

Keep mining but don't stop learning is the point.
 
DPI said:
It's not that its fraudulent, it's that there are X-factors you aren't considering because you just started. There's a learning curve here, and to be successful you need to keep learning rather than just clicking start on a 1-click tool and assuming "okay that's going to be my guaranteed payout" with no further consideration. There are variables beyond a miner's control, and it's important to understand them.

Keep mining but don't stop learning is the point.
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Agreed. I've been trying to learn more.

Reading threads, forums, asking questions. I'm 3 days into mining at this point. ;).

I understand 4gb cards will potentially lose their prowess over the next few months for current coins and asics are dying (or dead) in viability. I looked into my electricity costs vs supposed mining profit. I understand profitability continually goes down (as difficulty increases) on a particular coin until/unless a new coin becomes favored. I understand bitcoin and alt coins are not insured, risky, and only as able to be trusted as the math soundness that makes them. I understand there's all kind of murk in the coin exchange games. I understand there are delays in withdrawing currency and transaction fees which can be significant. I understand trust few because lots of advantage seekers are in this crypto realm.

Any other major key notes I should be wary of?
 
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If nowinstock is to be believed, there are basically no AMD current-gen cards to buy. Nowinstock is also reporting no 1060, no 1070, with 1080 and 1080Ti beginning to disappear in my opinion. More likely to be people selling and moving up rather than miners, another negative for AMD. What a horrid time to buy a GPU.
 
SighTurtle said:
If nowinstock is to be believed, there are basically no AMD current-gen cards to buy. Nowinstock is also reporting no 1060, no 1070, with 1080 and 1080Ti beginning to disappear in my opinion. More likely to be people selling and moving up rather than miners, another negative for AMD. What a horrid time to buy a GPU.
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Been no AMD cards readily available for a month or more. If you look at the in stock notifications, they are in stock somewhere multiple times per day, but nearly all of them are in stock for less than one minute when the various stores get them. People must have autobuy scripts set up.
 
SighTurtle said:
1080Ti beginning to disappear in my opinion. More likely to be people selling and moving up rather than miners, another negative for AMD. What a horrid time to buy a GPU.
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Negatory.

0GqTTEm.jpg
 
DPI said:
Negatory.

0GqTTEm.jpg
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Yup, 1080 Ti are starting to go for up to $1,500 USD from third parties. Even all of the preassembled PC packages on Newegg are sold out. I guess either they figured out the ROI is worth it to go for the Ti or noobs who don't know any better are gobbling them up.
 
Armenius said:
Yup, 1080 Ti are starting to go for up to $1,500 USD from third parties. Even all of the preassembled PC packages on Newegg are sold out. I guess either they figured out the ROI is worth it to go for the Ti or noobs who don't know any better are gobbling them up.
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$1500?

You can still buy 1080ti for $700 new on eBay from big stores like Newegg and Best Buy.
 
Why the fuck do people buy into these Altcoins?

Everyone and their mom has their own Altcoin, the value in them is 100% perceived, not real.
 
leeleatherwood said:
Why the fuck do people buy into these Altcoins?

Everyone and their mom has their own Altcoin, the value in them is 100% perceived, not real.
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They are too real!! I just invested $10K in GPUs to mine EffedinAssTherium!!
 
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its a super fun hobby.

its paid my entire apartments electricity for 1.5 years and maybe made 1k on top of that in a year and a half.. not a bad hobby.
 
Drewis said:
its a super fun hobby.

its paid my entire apartments electricity for 1.5 years and maybe made 1k on top of that in a year and a half.. not a bad hobby.
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Despite my comment :D I think it could actually be kind of fun if I had the patience to do it. (and didn't have another hobby that sucked funds instead of made them, actually the other hobby occasionally makes money... just not regularly)
 
now 1080 prices are inflating. Go to ebay and try to find a legitmate store front selling a 1080 for less than MSRP? Last month you could find deals on new 1080s in the mid 400's. Now the cheapest on eBay is $550 (I just looked)

The cheapest 1080TI's today were $700 on ebay from newegg. There were three different cards.

Two batches sold out through today, and now there is just one batch at $700 from newegg -- but its a a cursed white and orange color theme with a slot reference blower and no LEDs.

I was watching them because I was considering buying a few 1080TI's to mine with. I ended up buying three at $710 because I debated on the $700 price too long.

Miner cards are a month or two out (and a risk because if the mining dries up they are utterly useless and have no resale). Vega is a probably a month or two out, and Volta is probably 2-3 months out.

I don't see cards dropping significantly in the next couple months. (assuming crypto currency doesn't just utterly devalue)
 
Heh, not mine either. I have exactly one GTX1070 and it only mines when I launch Terraria. :D
 
I'm in the gpu void myself. Sold my 480, and 1070. Bought and sold another 480 and am sitting on the cash because paying more than 500 for a 1080 at this point seems like too much . The Ti is tempting of course but I would like to keep some of the proceeds for more pc parts to tinker with. I have found respect for the 1050ti. I scored one open box for 95 bucks. Where is that "fallback card" thread again!?
 
I'm in pretty much the same boat. I started with a 480 and bought and sold a few cards including 2 x 480, 2 x 1060, a 1070, and a 1080 and ended up with a reasonable wad of cash as well. I ended up springing for the 1080 Ti. The way I convinced myself to spend that much was to tell myself that I was basically upgrading for free from a RX 480 after all my video card buying and selling adventures.

That said, I am currently on my backup EVGA 1050 Ti that I mentioned in that "fallback card" thread until it arrives later this week. Can't wait haha.
 
Archaea said:
now 1080 prices are inflating. Go to ebay and try to find a legitmate store front selling a 1080 for less than MSRP? Last month you could find deals on new 1080s in the mid 400's. Now the cheapest on eBay is $550 (I just looked)

The cheapest 1080TI's today were $700 on ebay from newegg. There were three different cards.
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That's what 1080 Tis cost though. Doesn't look any different to me. They've been $700 for the nVidia basic ones since the beginning, and more if you want a fancy cooler.

All that aside it'll cool off soon enough. TSMC has no shortage of capacity, nor do the assembly plants. nVidia can turn out their chips at a pretty quick rate and since they make a lot per chip, they'll keep doing so. The miners will run out of available capital soon enough. This isn't like some kind of permanent shortage that we'll have to endure for years, this'll last a month or two at the longest. In a fight between big manufacturing and people burning through their credit cards to try and get magic Internet money, manufacturing will win.

Remember that the manufacturing pipeline on these are full and operating well. This isn't like with the 5870s when the 40nm process at TSMC was having tons of issues so there was huge supply constraints. It also isn't like at launch when you are waiting for the entire distribution pipeline (mostly boats) to get full. The cards will keep flowing in.
 
Sycraft said:
That's what 1080 Tis cost though. Doesn't look any different to me. They've been $700 for the nVidia basic ones since the beginning, and more if you want a fancy cooler.

All that aside it'll cool off soon enough. TSMC has no shortage of capacity, nor do the assembly plants. nVidia can turn out their chips at a pretty quick rate and since they make a lot per chip, they'll keep doing so. The miners will run out of available capital soon enough. This isn't like some kind of permanent shortage that we'll have to endure for years, this'll last a month or two at the longest. In a fight between big manufacturing and people burning through their credit cards to try and get magic Internet money, manufacturing will win.

Remember that the manufacturing pipeline on these are full and operating well. This isn't like with the 5870s when the 40nm process at TSMC was having tons of issues so there was huge supply constraints. It also isn't like at launch when you are waiting for the entire distribution pipeline (mostly boats) to get full. The cards will keep flowing in.
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What I understand is they rent/lease fab time. Everything is scheduled. They can't, nor do they want to seriously ramp up production. If they do they'll flood the market and be stuck with a loss as the used market comes back when mining profitability slows. So while they didn't expect this demand, they won't rush out to met it. The result of doing so would be a net loss for them.
 
I'm not saying they'll ramp up production, I'm saying production is already very large, sustained, and with a full production/distribution pipeline. New cards will hit the market continuously, and in sizable numbers (remember that they have plenty of large customers like Dell that order as much as a sizable chunk of retail sales). However the assets of the miners are not something that'll keep pace. Not only is it a silly bubble that'll burst, but even if it were somehow "sustainable" the rush of people doing it would cause the profitability to go down in a hurry. Remember that nothing of actual value is being produced, so outside of speculative buying (which is limited in amount) there's only people savings/credit to finance this (which is also limited in amount). It'll run out, and sooner rather than later, whereas TSMC's production will not.
 
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