NVIDIA cards are "drying up" just like certain Radeon cards due to increased interests in mining. The article points out that certain GTX 1060 models are going for $20 or $30 more than MSRP, which doesn't seem that bad, but then it notes that a GTX 1070 has increased from $380 to $472, with some going for more than $600 - so I suppose "skyrocket" is an appropriate title after all. Have any of you managed to make good profit on this situation yet?
Searching Newegg for the GeForce GTX 1060 shows only two 3GB versions available, and they're going for $20 to $30 over the card's $200 MSRP. You can find many more 6GB GTX 1060 cards, but they're all selling at wildly inflated prices as well. The 6GB cards dipped down to $240 or less around the time the Radeon RX 580 launched, but now every model except one sells for $270 to $310 - and that lone exception still sells for $260. A similar situation exists on Amazon, with only a single backordered EVGA 3GB GTX 1060 going for anything near MSRP.
This trend will end soon. Everybody is mining and the level of difficulty is increasing with Etherium and Litecoin. A week ago I was making $6 a day with Fury X. Now I'm at $4.50.
The only winners are the people selling their cards on ebay.
20-30$ is not skyrocket.
This is the same issue when the geforce cards came out, their price was 100-200$ over MSPR because retailers were short on cards but high on pre orders and demand.
If AMD or Nvidia cut out the ability for mining on their cards to give desktop owners less of an issue, they will be shooting their own leg from both sides. So for them, current state is ok. As long as they are selling, it not that big of a deal.
Getting ready to unload both my fury x and play ps4 till vega. Used prices seem to slowly be creeping up to $500. Thats when im hosping to sell, as i paid $550 each almost 2 years ago lol. Seem like putting "ethereum mining" in the title seems to help also
20-30$ is not skyrocket.
This is the same issue when the geforce cards came out, their price was 100-200$ over MSPR because retailers were short on cards but high on pre orders and demand.
If AMD or Nvidia cut out the ability for mining on their cards to give desktop owners less of an issue, they will be shooting their own leg from both sides. So for them, current state is ok. As long as they are selling, it not that big of a deal.
Situation in Europe is as follows: before 1080Ti was 750-800Eur, now 1080Ti is 1100-1200Eur. I also see regular 1080 listed as high as 1000Euros. This is insanity. Price is skyrocketing, there is no other way to call it.
20-30$ is not skyrocket.
This is the same issue when the geforce cards came out, their price was 100-200$ over MSPR because retailers were short on cards but high on pre orders and demand.
If AMD or Nvidia cut out the ability for mining on their cards to give desktop owners less of an issue, they will be shooting their own leg from both sides. So for them, current state is ok. As long as they are selling, it not that big of a deal.
Situation in Europe is as follows: before 1080Ti was 750-800Eur, now 1080Ti is 1100-1200Eur. I also see regular 1080 listed as high as 1000Euros. This is insanity. Price is skyrocketing, there is no other way to call it.
I was looking at picking up a handful of 1070's or 1060's yesterday to get back into mining again and was absolutely shocked at how Nvidia prices have jumped almost as much as AMD. Looks like Ethereum has a sweet spot with GTX 1060's and 1070s.
In the end, I decided to just thrash my two GTX 1080Ti's in my main rig and ride the wave while it lasts. It looks like I'm getting nearly 16-18 dollars a day of profit after power consumption on my two 1080ti's.
Will the same happen with 1080? I read somewhere that 1070 is actually a better mining card than the 1080 for "reasons"... Wondering If I could 1:1 trade mine 1070 for a 1080
Will the same happen with 1080? I read somewhere that 1070 is actually a better mining card than the 1080 for "reasons"... Wondering If I could 1:1 trade mine 1070 for a 1080
Well, glad I advised my friend to buy his 1070 for mining last Sunday, as price all around have gone up although you can still get FEs for $400 directly from Nvidia where I told him to buy from.
Quote:
It is serviceable but payback is LONG, the sweet spot is somewhere between 1060 6GB(don't buy 3GB as Ethereum chain are growing at the rate that 3GB/4GB card will soon be unable to mine them) and 1070(lowest price possible, FE preferred), you get a reasonable payback time and low power consumption while decent mining rates(22 MH/s for 1060 6G with mods and 27MH/s for 1070 without mods I think)
I got my 2 1050 ti's through an odd deal with my health insurance company for 50 bucks total, they are currently mining, but I'm tempted to flip them now ^^
Here where i live prices has almost dubled for rx580, 570, gtx106 and 1070. That is insane ! . Now i am on gtx580 and week from upgrade... no upgrade it seems for me O_O
Nice plan, except those hungry miners you are expecting to sell those 290 to will be ahead of you in securing Vega stock day 1
, you can bet on them using scripts to hunt down any new VEGA listings and checking nowinstock and other places.
Also as Etherum is becoming more difficult for low ram GPU to Mine(3-4GB), the value of 290 to miners will drop siginificantly, there is a reason 1060 6GB price is going way up but 3GB is staying put most places.
If I were you I'd cash in on the 290s now(before Etherum become impossible to Mine for 4GB GPU and your 290 price nose dives) and get a card unaffected by mining price hike instead of hoping you can beat Miners(who have more incentive to secure VEGA than you do) in getting VEGA.
Nice plan, except those hungry miners you are expecting to sell those 290 to will be ahead of you in securing Vega stock day 1
, you can bet on them using scripts to hunt down any new VEGA listings and checking nowinstock and other places.
Also as Etherum is becoming more difficult for low ram GPU to Mine(3-4GB), the value of 290 to miners will drop siginificantly, there is a reason 1060 6GB price is going way up but 3GB is staying put most places.
If I were you I'd cash in on the 290s now(before Etherum become impossible to Mine for 4GB GPU and your 290 price nose dives) and get a card unaffected by mining price hike instead of hoping you can beat Miners(who have more incentive to secure VEGA than you do) in getting VEGA.
1080Ti's online in China cost over 800 USD. 290's And 580's cost 600. 7870's and 7970's Are nowhere to be found, 280's cost 250 USD. 1060's Cost 450-500. 1070's Cost 600-700.
Prices are outrageous, miners have totally ruined the market.
Reminds that time before SSD become affordable, HDD companies had "flooding shortage" my ass, they were just trying to get rid of all the HDD before the SSD hit off.
Anyone buying anything for Cryptocurrency imo is getting scammed,
I was into mining way before it became popular, and at the time they had these new super mining hardware called ASCI Miner cards, and they were in kickstarter stage, people were paying like $600 for a piece of hardware that would triple hash per sec of a same graphic card at $600, but once people started getting the ASCI Miner cards, lot of review here hitting the internet saying they were used, meaning the kick starter company making the ASCI Miner was mining with them for months (this was around the time bitcoin price spiked) before sending them out to the kickstarter backers first, shaddy **** with Cryptocurrency.
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
Related Threads
?
?
?
?
?
Ask a question
Ask a question
Overclock.net
27.8M posts
541.2K members
Since 2004
A forum community dedicated to overclocking enthusiasts and testing the limits of computing. Come join the discussion about computing, builds, collections, displays, models, styles, scales, specifications, reviews, accessories, classifieds, and more!