Would it be naïve to sell my Vega 56 for $$$ to buy a better card "when" prices fall again?

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penn919

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I've got a Vega 56 and a GT 710 in my main Ryzen desktop and I've got an RX 580 in my HTPC. I was thinking of taking advantage of the GPU pricing situation by selling my Vega 56 for cash and then use the money to buy a better graphics card when/if the prices come back to normal. I figure I could rely on my RX 580 and GT in the meantime. I haven't done extensive research, but judging by some posts on this form, there seems to be a sort of consensus that the price surge is due to inflation that won't ever self-correct.

If that turns out to be true, then obviously my plan would not pan out; however, I'd like to dedicate this thread for input. Assuming I'm willing to wait up to 1yr, is it reasonable to anticipate prices falling back to "normal" so that I can buy a better card?
 
penn919 said:
I've got a Vega 56 and a GT 710 in my main Ryzen desktop and I've got an RX 580 in my HTPC. I was thinking of taking advantage of the GPU pricing situation by selling my Vega 56 for cash and then use the money to buy a better graphics card when/if the prices come back to normal. I figure I could rely on my RX 580 and GT in the meantime. I haven't done extensive research, but judging by some posts on this form, there seems to be a sort of consensus that the price surge is due to inflation that won't ever self-correct.

If that turns out to be true, then obviously my plan would not pan out; however, I'd like to dedicate this thread for input. Assuming I'm willing to wait up to 1yr, is it reasonable to anticipate prices falling back to "normal" so that I can buy a better card?
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Not sure if anyone here has a crystal ball. If, dollar goes up, bonds -> 10y and 20 y treasury goes up substantially and crude oil drops -> expect a pretty big market correction/crash -> people will need money to live, food, place to stay, gas, all the normal stuff that most Crypto can't buy meaning massive sell off for most crypto's -> making mining cards not worth while -> many would be sold, for the same reason, to get cash to live -> video cards will come much more available and prices will fall.

What I am saying is if things continue as they have been, GoldenTiger is correct. There would have to be some major factors that will need to happen before video cards will dramatically fall in price to MSRP levels with some good sells here and there.
 
How far do you want to jump?
Also ebay is the best pricing on your Vega 56 as to what you could afford if your banking on that money alone to buy the new card that keeps floating away .
 
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penn919 said:
I've got a Vega 56 and a GT 710 in my main Ryzen desktop and I've got an RX 580 in my HTPC. I was thinking of taking advantage of the GPU pricing situation by selling my Vega 56 for cash and then use the money to buy a better graphics card when/if the prices come back to normal. I figure I could rely on my RX 580 and GT in the meantime. I haven't done extensive research, but judging by some posts on this form, there seems to be a sort of consensus that the price surge is due to inflation that won't ever self-correct.

If that turns out to be true, then obviously my plan would not pan out; however, I'd like to dedicate this thread for input. Assuming I'm willing to wait up to 1yr, is it reasonable to anticipate prices falling back to "normal" so that I can buy a better card?
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If you really are willing to wait up to 1 year------I mean if you really try fairly strongly, you could get an "MSRP" GPU probably within 2 months. I mean current MSRP. Not launch MSRP. So that means something like a 3060ti for $550 - $700. Not for $400, like the launch price. The trick is to not be super picky about exactly which brand. or even exactly which GPU model.

As far as being able to sell your Vega for a lot of money: good luck. you've got fees and bartering working against you. But if you list it in enough places and account for fees (Ebay is like 12% with the shipping included in that total)--- you will probably end up making a decent amount. Maybe even get lucky and get a maximal amount. I feel like this stuff changes almost daily. Your Vega may not seel for max price right away. But it could within 2 weeks.......or you might have to settle for a lower, but still decent price. Who knows.
 
Prices aren't going to fall again. The "new norm" has been established, companies know they can sell cards at 1500+ dollar prices & people will gladly pay it.

My advice, find a new hobby or lower your expectations.
 
Sadly I have to agree with Krenum. The pricing is up and I really think it’s for the foreseeable future. Only if crypto crashes are used GPUs going to flood the market and drive down prices. People are clearly willing to pay to play and AMD, Nvidia and probably Intel have noticed. I’m going back to my roots as a mid range gamer and if things get too out of hand I’ll find something else to do. Not great but it’s what we got.
 
Set a budget and secure the new GPU first at or near MSRP, then flip the Vega 56 to offset that upgrade's cost. It's possible, done it several times now without using a bot.

If you sell the Vega 56 first and settle for the RX 580 while trying to time the market, I think you'll end up disappointed and spending more than you should on a real upgrade.
 
Sell the 56 or the 580 which ever you want less. They are both aging and i am assuming the future will not bring you more worth. Use the $ earnd to put towards your new GPU whenever that is. Seems logical to me.
 
I don't think it's naive at all as long as you don't need a replacement card right away. Your Vega 56 will likely never be worth more than it is now. Worst case, you could pay $600 and get a scalped 3060 which should still be an upgrade for ~$600.
 
After looking at what Vega 56s are selling for .. I would part with it all day for $600+ while you can. Even paying inflated prices on a new GPU you could be like 2-300 out of pocket at most for something current and a lot faster.

Here are some quick visuals:

Ebay sold Vega 56s .. dear god... Current upgrade options for 30% or more oompf
vega 56 ebay sold.PNGvega 56 upgrade options.PNG

Newegg Shuffle?
ne shuffle.PNG


Brick and morter scalp job 6700xt?

in stock 6700xt.PNG

This was like 5 mins of looking and I wouldn't sit on a $600 gpu that should be a $250 GPU for too long if you have that upgrade itch.

my 2c.
 
Depends on:

1) What are you playing, and will it perform at a satisfactory level on your RX580?
2) How long are you willing to wait before buying a GPU at MSRP, or some other reasonable price?
3) Is there any game coming out in the near future that won't run well enough on your RX580 such that you will regret selling your Vega 56?
4) How much do you need the money from the sale vs how much you want to experience the performance of your Vega 56?

I suspect we're still a year out from GPUs being reasonably priced. Possibly two. Expect to wait a while before things get back to some semblance of normal. If that's fine for you, then go for it. You can always busy yourself playing some old classics on your RX580 to pass the time, or find other hobbies, which is getting easier to do as the world opens back up from COVID.
 
Krenum said:
Prices aren't going to fall again. The "new norm" has been established, companies know they can sell cards at 1500+ dollar prices & people will gladly pay it.

My advice, find a new hobby or lower your expectations.
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We were all screwed the day Nvidia discovered that gamers were willing to shell out for a $1000 Titan for an extra 5 FPS over the $600 xx80Ti card just to be part of the "Titan owners club". That was the end for decent pricing on GPUs.
 
I had this exact same mindset last year right as RDNA2 was releasing. I sold my mint Sapphire Nitro+ Vega 64 for something like $350. Now those things are selling well over double that. I've tried buying a 6800XT at MSRP from AMD and it's nearly impossible to do organically. I've been on my backup R9 Fury this entire time. Wouldn't be so bad if I wasn't trying to game at 4K.
Like already mentioned, the new price foor is here to stay. As long as you're prepared to accept that, go for it.
 
RX 580's (8gb varieties) are pulling $300-350'ish over in some of the sale sections in Reddit. .. these were up over $400 before China did it's thing on crypto.
 
jlbenedict said:
RX 580's (8gb varieties) are pulling $300-350'ish over in some of the sale sections in Reddit. .. these were up over $400 before China did it's thing on crypto.
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So basically a modest reduction in price with a collapse of the largest mining market at the time.

The estimate is ~25% of sells in general for 2021, at least 1qtr, went to mining cards. If half of those went up for sell, would it really drive the price down much? Probably not. Other bigger factors are involved, many factors, GPU's have many more uses (HPCs, Rendering, AI, Cars, Game Streaming Services, Cloud Services, video production, medical . . .). Until fabs and component production can keep up, prices may continue to go up even higher is my thoughts unless some big not so good things happen in general in the World.

https://www.digitaltrends.com/computing/crypto-miners-bought-25-percent-of-gpus-in-2021/
 
HockeyJon said:
Depends on:

1) What are you playing, and will it perform at a satisfactory level on your RX580?
2) How long are you willing to wait before buying a GPU at MSRP, or some other reasonable price?
3) Is there any game coming out in the near future that won't run well enough on your RX580 such that you will regret selling your Vega 56?
4) How much do you need the money from the sale vs how much you want to experience the performance of your Vega 56?

I suspect we're still a year out from GPUs being reasonably priced. Possibly two. Expect to wait a while before things get back to some semblance of normal. If that's fine for you, then go for it. You can always busy yourself playing some old classics on your RX580 to pass the time, or find other hobbies, which is getting easier to do as the world opens back up from COVID.
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1. Right now I'm playing only Destiny 2 on PC. I've been pre-occupied with PS4 classics lately as well. Right now I'm going through Horizon Zero Dawn for console. On PC, I plan on continuing Shadow of the Tomb Raider, Control, and Middle-earth: Shadow of War.
2. My thinking was that I'd be ready to look back into the GPU market in about 1yr
3. Honestly, I don't tend to play games on the bleeding edge which is why I still have the Vega 56; however, I am interested in the new Ray Tracing technology and I certainly anticipate upgrading my standard 1080p 60hz dual monitors to 1440P 144hz FreeSync sometime eventually.
4. Full disclosure; I don't actually "need" the money from the sale. I could easily buy a better card without selling the Vega, but the idea really centered around exploitation of the current pricing situation to net something better at no/or little cost. Sell high / buy low...right?
 
Cheapest card I can find is the Asus RX 6600 with an Asus Tuf B550 board combo @ $599.99 on the egg .. goodluck in your hunt for stock .
 
jlbenedict said:
RX 580's (8gb varieties) are pulling $300-350'ish over in some of the sale sections in Reddit. .. these were up over $400 before China did it's thing on crypto.
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My 580 only has 4GB. I figure I can still manage with older titles like Shadow of the Tomb Raider, Control, and Shadow of War, right?
 
Prices are definitely falling… falling upwards. I seriously doubt we can count on any GPU “bargains” for at least a few more years… at least not until supply/demand is fixed. Also doesn’t help that foundry/die production facilities are overbooked, COVID keeps hanging around, China is still pushing their “Taiwan really belongs to us” agenda, and new GPU tech investment spend is still pushing prices even higher…
 
Mine with it don't overcomplicate things, make $2 net/day, sell card 1-2 years later, make way more than selling for $500 today. Buy your RTX card whenever you want, profit.
 
legcramp said:
Mine with it don't overcomplicate things, make $2 net/day, sell card 1-2 years later, make way more than selling for $500 today. Buy your RTX card whenever you want, profit.
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I knew someone would say that...

I have ZERO experience with mining. Some might say learning how to mine for such purposes might be an overcomplication in and of itself, but I'm curious how many else think this is a good idea.
 
penn919 said:
I knew someone would say that...

I have ZERO experience with mining. Some might say learning how to mine for such purposes might be an overcomplication in and of itself, but I'm curious how many else think this is a good idea.
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It's super easy to setup Nicehash... and the clocks for the card you pretty much do an overclock/underclock for your specific card which you can also find everywhere on the internet.





There is also a feature where it will stop mining when it detects you're playing a game on STEAM:
https://www.nicehash.com/blog/post/new-nicehash-miner-feature-pause-mining-when-playing-steam-games
 
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penn919 said:
I knew someone would say that...

I have ZERO experience with mining. Some might say learning how to mine for such purposes might be an overcomplication in and of itself, but I'm curious how many else think this is a good idea.
Click to expand...

It's not really that hard. I'm sure there are several YT videos or websites to direct you how to best setup that card for maximum efficiency.
 
HockeyJon said:
We were all screwed the day Nvidia discovered that gamers were willing to shell out for a $1000 Titan for an extra 5 FPS over the $600 xx80Ti card just to be part of the "Titan owners club". That was the end for decent pricing on GPUs.
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LOL. Don't be a poor and realize they sold very few of those compared to their mid-range cards. Halo is halo.
 
At those prices, I would likely sell-off the Vega 56 if you do not have an interest in mining yourself. I doubt you will sell that card for near that much in about six months or so. Use the Newegg Shuffles and such to get you another card, any card. If you enter it each day they run these shuffles, you WILL eventually win a card. I have won four cards using the shuffle. After getting the first card, just go for the card or cards you want. Once you win a chance to buy one of those, turn around and sell the first card for at least as much as you paid for it. Even the LHR cards I won in the shuffles go for more than what I paid for them. I just do not see the prices coming down next year. These high prices are the new normal until something significantly changes the market for graphics cards. I really hated paying more than $400 for a basic 3060 for a family member and more than $550 for a 3060 Strix for myself. I really, really hated myself for dropping about $1200 for a 3070Ti Strix. I sold the 3060 Strix to cover about half the cost of the 3070Ti.
 
kirbyrj said:
It's not really that hard. I'm sure there are several YT videos or websites to direct you how to best setup that card for maximum efficiency.
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I'll probably give it a try. I've got an open-air test bench in the living room with a complete setup made of scrap parts installed onto it. I guess I could install my Vega on it for experimentation because I don't trust this mining business enough to involve my main rig. It works out because this way I'd get to test drive mining and get a sense of what life with a Vega-less main rig is like. It oughtta help me decide what I'll do.

I don't know how great of mining rig my test bench would make though...it's only got an Athlon II X2 215 installed with 12GB of DDR3...
 
That system should be plenty enough to start playing around with mining. I mined, for a bit, on an old Phenom system. The cpu was too old to mine, but the gpu worked just fine with Nicehash.
 
Well, I have an RX5700 and I am down to one computer, which is all I need. I sold my Vega 56 reference card today, since I am not using it anymore so.....
 
StormNobleheart said:
At those prices, I would likely sell-off the Vega 56 if you do not have an interest in mining yourself. I doubt you will sell that card for near that much in about six months or so. Use the Newegg Shuffles and such to get you another card, any card. If you enter it each day they run these shuffles, you WILL eventually win a card. I have won four cards using the shuffle. After getting the first card, just go for the card or cards you want. Once you win a chance to buy one of those, turn around and sell the first card for at least as much as you paid for it. Even the LHR cards I won in the shuffles go for more than what I paid for them. I just do not see the prices coming down next year. These high prices are the new normal until something significantly changes the market for graphics cards. I really hated paying more than $400 for a basic 3060 for a family member and more than $550 for a 3060 Strix for myself. I really, really hated myself for dropping about $1200 for a 3070Ti Strix. I sold the 3060 Strix to cover about half the cost of the 3070Ti.
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I hated dropping $1799 on a Strix 3090 a year ago... but seeing where everything is at now, I'm really glad I did. GPU prices are bonkers now - if you can find one that is!
 
legcramp said:
It's super easy to setup Nicehash... and the clocks for the card you pretty much do an overclock/underclock for your specific card which you can also find everywhere on the internet.





There is also a feature where it will stop mining when it detects you're playing a game on STEAM:
https://www.nicehash.com/blog/post/new-nicehash-miner-feature-pause-mining-when-playing-steam-games
Click to expand...

As a new user of Nicehash I can second the recomendation. Very easy to use and takes out all the complexity. Does all its magic behind the scene and pays it Bitcoin to your wallet. And the pay rate is very good while giving me some much wanted winter heat.
 
Food for thought....

Ethereum is the big thing being mined. BUT, there was a sweet spot for Vegas...they were performing similarly to a 3080 on Ergo. A few weeks ago, there was a change that essentially gave a vega 75% performance on Ergo. That made the value a lot less for a vega. I don't think many have caught on to this yet.
 
I'd upgrade. For the same price or slightly more you get a faster card with brand new warranty.
That's why I paid €1400 for RTX 3080.
I sold my 2080Ti for €960 which means paying €1400 didn't sting as much.
Sucks for those with no GPUs though.
 
Krenum said:
Prices aren't going to fall again. The "new norm" has been established, companies know they can sell cards at 1500+ dollar prices & people will gladly pay it.

My advice, find a new hobby or lower your expectations.
Click to expand...
Eventually we got to run out of fools.
 
HockeyJon said:
"LOL. Don't be a poor". Excellent addition to this discussion, thanks for your input.
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Even if the point is poorly communicated, I think it's still important to note that Nvidia sells far more $300-500 cards than $1500+ ones. The problem is those $300-500 cards used to cost $150-300.
 
I feel kind of lucky to get a RTX 3070 without the total bloatware price @ $879 even if it's LHR I wanted it to game only and now in 2 weeks time the card bumped to $899 in the Zotac store
 
kirbyrj said:
Even if the point is poorly communicated, I think it's still important to note that Nvidia sells far more $300-500 cards than $1500+ ones. The problem is those $300-500 cards used to cost $150-300.
Click to expand...

The latter part of your post is precisely my point.
 
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