Used cards selling for New prices?

Discussion in 'Video Cards' started by _l_, Jun 11, 2017.

  1. Simplyfun

    Simplyfun Gawd

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    Spoken like someone who got in late.
     
  2. NKD

    NKD [H]ardness Supreme

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    its still not too late. Shit I am rocking it for 6 months. Then its whatever.
     
  3. Simplyfun

    Simplyfun Gawd

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    It's fun to play around with, not even an expensive hobby. 10 cards and hardware to support them is less than some people spend on a night at the gentlemans club. Sometimes it's people looking deeper into the tech too and thinking about monetary systems and offshoots etc...
     
  4. NKD

    NKD [H]ardness Supreme

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    yep. I sold off all the shit I didn't need and invested 3000 out of pocket and going to be running 2 rigs, 12 cards and 2 cards in my rig. May be 2 more in my other computers.It will pay for itself in a month. Rest is profit!

    Plus I don't mind selling all my cards in a year and getting all that cash back. Its like getting half of the investing back. Actually may be a little more. lol. I see it as extra cash at the end in my pocket.
     
  5. Digital Viper-X-

    Digital Viper-X- [H]ardForum Junkie

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    I already have the 1080 =) just looking to mine some coin on it when not using it :p so I'm alright for now.
     
  6. NKD

    NKD [H]ardness Supreme

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    You could. Just overclock the memory and core as much as you can on those. It will help. You could probably make some money in a few months and have It pay for volta. Hahaa
     
  7. Digital Viper-X-

    Digital Viper-X- [H]ardForum Junkie

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    Is there a guide somewhere?
     
  8. NKD

    NKD [H]ardness Supreme

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    Pretty simple. go to nanopool.org (without www infront,doesn't work for someo reason. Click on quickstart.) before you do that though gotta understand how you can monitor your money. Go to bittrex.com and create an account then click wallets and search for eth, zcash or whatever you think you can mine and click the + button and add new wallet address. Once you have that input the eth address you created at bittrex in the configuration file you create at nanopool when you click quick start.

    Then run it, it will directly deposit your earnings to bittrex. Also create a coinbase address. At bittrex you convert your eth coins to bitcoin and send them to your coinbase account and from there you can directly deposit to your checking account.
     
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  9. Digital Viper-X-

    Digital Viper-X- [H]ardForum Junkie

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    Ahh i know the basics :) just not used to mining on NV gpus, I had mostly mined on AMD gpus in the past. so the claymore dual miner client is good for NV cards?

    ahh i remember this now, windows picks it up as a virus.

    not bad, @ Stock speed


    ETH - Total Speed: 23.061 Mh/s, Total Shares: 0, Rejected: 0, Time: 00:00
    ETH: GPU0 23.061 Mh/s
     
    Last edited: Jun 17, 2017
  10. NKD

    NKD [H]ardness Supreme

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    I haven't had that issue. I just extracted it and it was fine.
     
  11. Digital Viper-X-

    Digital Viper-X- [H]ardForum Junkie

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    I usually did. At least my 1080 can mine back some value now ;P
     
  12. Rizen

    Rizen [H]ardForum Junkie

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    No, I just don't have the time/inclination to dick around with mining, I already make enough money. I played with mining Litecoins back in 2014 and it's not for me.
     
  13. velusip

    velusip [H]ard|Gawd

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    Spoken like someone who mined Litecoins back in 2014. Sorry, I couldn't resist. ;)
     
  14. NKD

    NKD [H]ardness Supreme

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    I make enough money too! Yea I didn't have time either. But 2 computers running for 6 months will make me over 15k. I even if it fails after 2 months I would be good. No risk no reward. I was just like you lol. I am in before the crash but I am done thinking people mining are stupid and wasting there time. A month of research and seeing people becoming millionaires off this is no joke. I don't expect to be that, but I sure get my shot at a few bucks. lol
     
  15. razor1

    razor1 [H]ardForum Junkie

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    Go big or go home ;)

    J/K

    its worth it if you are willing to put the time into it. Once the systems are up and going stable, they take care of them selves, as long as you have monitoring software. Very little maintenance, but I suggest getting a solid network setup and, know the hardware that you are buying, cause that is most of where the problems occur.

    was talking to a friend, and his son wants to do mining, Told him if he doesn't know much about computer hardware, he can still do it but don't expect 2 month returns on your investment lol, cause the first few months he probably will have a butt load of down time because

    1) getting the equipment in a timely basis is a pain, with out business accounts
    2) network stability will be a problem with older houses even with range extenders and what not
    3) any other issues of setting up software, learning curve.
     
  16. NKD

    NKD [H]ardness Supreme

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    absolutely true! I most of the time is taken during research. I have one rig ready to go as soon as the riser cables get here monday. This board should actually support 7 GPUs. I have second setup on order should be here next week.

    Yep second that remote monitoring issue. I have the first mining rig installed ready to go with windows, mining software and teamviewer installed.

    Only thing I gotta worry about is keeping my fuckin cat away from it. ROFL. But he tends to stay away from moving parts. lol


    I went from going to second rig next month to second rig in another week! Hahhaha
     
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  17. Digital Viper-X-

    Digital Viper-X- [H]ardForum Junkie

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    yup, in my previous run, I had it setup, so the monitoring software would restart the miner, then i had a separate script that would restart the computer if the hash rate was below a certain range for longer than a period of time (indicates crashed drivers) , the software would autostart on startup as well =) it took a month or 2 to get there, like you said, but once going, it went a solid 4-5 months without needing anything. 3 x 290x cards + 1 x 290 mining 24/7
     
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  18. tangoseal

    tangoseal [H]ardness Supreme

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    So I though bitcoin was long over done without any new coins really mathematically possible. So what us the big mining gig these days then?
     
  19. NKD

    NKD [H]ardness Supreme

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    I think bitcoin was the beginning and I am predicting mining is here to stay. Because there is a decent competition about different currencies and reason nvidia is making mining card might be the perfect representation of that. Because I don't think nvidia really wants their gaming cards bought by miners and then being flooded back in to market by those who decide to sell the hardware off because that will eventually happen and that will slow down the sales of their new cards. Because sometimes people make their profit for a year and then they see all those cards as assets just sitting there and selling them 200 a pop times 20-30 whatever they have is just pure cash back in their pocket.
     
  20. Digital Viper-X-

    Digital Viper-X- [H]ardForum Junkie

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    I picked up a used Gigabyte G1 GTX 1070 at the price that I sold my 1070 nearly 9 months ago now, so not bad.

    Underclocked it by -400 and overclocked the memory +500, it's hashing at 29.5MH with dual mode, (SIA + ETH) or 30MH single.

    Underclocked the 1080 by -400 as well, didn't move the hash rate, overclocked the memory by 100, it's sitting at 25.5MH.

    Friend just sold his 295x2 on ebay yesterday for $1200USD ... insane :p
     
  21. harmattan

    harmattan [H]ardness Supreme

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    Willikers, I sold my 295x2 last APRIL 2016 for $450 and thought that was a decent price then (you couldn't give these cards away for a while it seemed...). Good luck to the guy that got it.
     
  22. vict0r

    vict0r Gawd

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    the sweet spot for miners is rx 470

    if you have new rx470's for sale..you will get $320-$350 for each right now.

    we are not talking about the [H]ardCore Gamers picking up 3 cards for their ultra 4K setup. Nope! We are talking about your average joe going to microcenter or fry's and picking up 30 cards, 50 cards, 180 cards to build miners.

    i was talking to someone a little more than month ago about the hardware they are using; before it became so obvious that everything is sold out

    30x mobo to support 6 or 8 cards (with risers, and 2x m.2 to pci-e = 8cards)
    30x pentium dualcore skylake cpu
    30x ssd 120gb
    30x 1200w psu

    and now comes the hit.

    240x graphics cards !!!!


    This is why nvidia and amd are releasing the graphics cards specifically for miners. Much cheaper and it will be a gtx 1060 that is supposed to hit 30mh/sec , from amd not much is known .. but who knows if miners will buy them or rather spend a little more, get the gaming one so it keeps a resell value as a "gaming card" after you used it.

    One other thing, this is just the beginning guys.
     
  23. AltTabbins

    AltTabbins [H]ard as it Gets

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    We'll see. The last time this happened, companies started developing non gpu hardware that made gpu mining obsolete.
     
  24. Simplyfun

    Simplyfun Gawd

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    We will indeed. However, some of these algos are actually ASIC resistant to the point where a GPU is the cheapest solution.
     
  25. grumperfish

    grumperfish n00b

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    I bought my old 290 after the original mining crash, MSI replaced it with a 390, then I just sold it for >$300 a couple years later to trade up for a 1070. I've never mined on any of my cards but I like to think I'm profiting from mining to an extent. Now that everyone's realized they can mine on 1070's they're selling over $100 more used than what I bought this one for a week ago, which is frankly crazy.

    Of course, now I'm in the market for a mid-range card for a family member and the prices on Nvidia parts are going up same as AMD cards.
     
  26. Gigantopithecus

    Gigantopithecus [H]ardOCP Case Reviewer

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    There is effectively no mid-range market right now. As far as I can tell from Newegg and Amazon, nothing between the 1050 Ti and 1080 is available at anywhere close to MSRP. No Rx 570s, no RX 580s, no 1060s, no 1070s.
     
  27. Simplyfun

    Simplyfun Gawd

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    And some of the full time trolls here whine about the fact that AMD produces any cards at all.

    Imagine how much better it would be if we had four of five graphics card companies.
     
  28. grumperfish

    grumperfish n00b

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    I'm suddenly reminded of the early 2000's with a ton of competing API's and every game either supporting GLIDE or OpenGL or maybe early DirectX, and if you're really really lucky your videocard might kind of display an occasional glitchy frame. Or after everyone else left the market and a few companies tried to make a third vendor with XGI and it failed miserably.

    Anyone trying to start up a third line now has a sheer cliff of R&D, patents, and mindshare to compete against. Maybe slightly less steep if they're aiming for mobile.
     
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  29. Simplyfun

    Simplyfun Gawd

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    It's only a matter of time until one of the mobile companies tries to upscale. There's a void here, it's obvious and AMD is too cash poor to push the envelope . Graphics needs a fresh name and it isn't Intel's RTG.
     
  30. amenx

    amenx Limp Gawd

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  31. grumperfish

    grumperfish n00b

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    Those low prices are still $100+ what they were a week ago and they're for the open box and refurbished parts at that.
     
  32. cybereality

    cybereality [H]ardness Supreme

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  33. frankmansal

    frankmansal Limp Gawd

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    Miners are the pit, they jack up prices so bad.
     
  34. workshop35

    workshop35 Gawd

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    be careful about dumping tons into mining, the prices are fickle. Trading is a good option if you can be patient enough to wait for the crash to buy back in. I mined a lot right before and during the litecoin craze a few years back and the inevitable price crash is coming. All these price jumps aren't based on anything other than speculation, so when the hype dies down people start selling to take their profits. Until bitcoin and ethereum (maybe dash and zcash) are more mainstream and actually used by more than just hobbyists, you're going to get a lot of swings in the prices. Just look at the market cap for bitcoin and compare it to gold, not even on the same planet. This is coming from someone who regularly buys and sells crypto, it paid for all of my backpacking gear and a 1080 ti just recently, will probably pay for my garage in the near future.
     
  35. amenx

    amenx Limp Gawd

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    To 1070 owners ... what would you do, sell it if offered $600 or use it to mine?
     
  36. Khahhblaab

    Khahhblaab Limp Gawd

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    Since I have always felt that it was a fad - get in make some money, get out before you become a late comer - anybody willing to give an estimate on an expected return? After factoring in the cost of equipment?

    Kinda suprised that it has become soo geek popular that it has affected someones ability to buy a graphics card at discounted prices. Instead at higher than msrp. I find that amazing. Must be something to it, I guess I will have to read a "real" factorial, instead of the condensed versions. Good luck.
     
  37. workshop35

    workshop35 Gawd

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    sell it, i wouldnt count on the prices maintaining long enough to make mining worth it. people mining doesnt matter if no one is buying, the coin will just keep dropping
     
  38. Khahhblaab

    Khahhblaab Limp Gawd

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    GoldenTiger likes this.
  39. Cali3350

    Cali3350 [H]ardness Supreme

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    Building a pc is almost not possible right now due to this. Been proving or a R5 1600 build and have no gpu to put in it.
     
  40. Drewis

    Drewis Limp Gawd

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    Thing that gets me..

    everyone is saying 'the miners bought all the cards'

    yeah, no.

    its AMD and NV's fault for not anticipating demand.

    its not the fucking miners fault.

    the companies made XX # of cards which they were prepared to sell, miners or no fucking miners.

    they ended up selling faster than anticipated.


    guess what????


    dry supply.

    1 + 1 = 2


    but people dont realize this. they blame it ALL on the miners.

    basic, basic, basic economics at play here people