Question are video card prices headed down yet?

[mastertech01]

Better sell those crypto gpu farms soon. FTX crypto collapse today.

 

[VirtualLarry]

GL. (Also known as "a sucker is born every minute".)

 

[aigomorla]

Considering you can not find 1 4090 @ msrp without scalper prices, i really do not know what people are thinking.
I think i am gonna have to wait for the 4090Ti... i hope by then scalpers will be so poor from no one buying the 4090, that they will leave the 4090ti alone.

Better sell those crypto gpu farms soon. FTX crypto collapse today.

Yeah... Binance just went Check and Mate to them.
As much as i know i will piss people off by saying this, but i hope Ethereum follows.
That move was a move to make the whales secure more deeply, and hurt the rest of the people, all for the sake of "eco awareness".
And this winter will be cold.... at least a mining PC generating heat kept you warn while paying for the heat + electricity.

 

[Insert_Nickname]

And this winter will be cold.... at least a mining PC generating heat kept you warn while paying for the heat + electricity.

But it's more fun to run that electricity though a gaming PC. That at least keeps you entertained while keeping warm('ish). I kind of miss my old Intel X58 Space Heater edition system. Not that I'd be able to afford to turn it on. Well, I would, but may as well just set fire to the notes instead.

...and nope. Mining does not pay for electricity at the current insane pricing level. YMMV of course.

 

[Saylick]

Is it just me or has used AMD GPU prices on Ebay gone up in the last week or two? I got curious to see what used RX 6800s were selling for today (to compare against what I paid), and they're easily 10% higher than at the end of Oct.

 

[VirtualLarry]

Is it just me or has used AMD GPU prices on Ebay gone up in the last week or two? I got curious to see what used RX 6800s were selling for today (to compare against what I paid), and they're easily 10% higher than at the end of Oct.

Some coins are almost break-even minable, now.

 

[scineram]

I hope GPU prices keep going up, especially with the based 4080 launch. That would allow AMD too to increase prices and margins, even if less than Nvidia, when products are mostly competitive.

 

[Aapje]

I hope GPU prices keep going up, especially with the based 4080 launch. That would allow AMD too to increase prices and margins, even if less than Nvidia, when products are mostly competitive.

Investor or fanboy?

 

[scineram]

The latter.

 

[Heartbreaker]

Some coins are almost break-even minable, now.

Not seeing that. Surprisingly, It looks like even higher losses, than the weeks right after the Ethereum merge:

WhatToMine - Crypto coins mining profit calculator compared to Ethereum Classic

Calculate how profitable it is to mine selected altcoins in comparison to ethereum or bitcoin

whattomine.com

Big losses on everything even if I adjust it to $0.05/KWh electricity, which would be nearly impossible to get.

 

[Leeea]

Big losses on everything even if I adjust it to $0.05/KWh electricity, which would be nearly impossible to get.

The problem with mining for speculation is a person could just buy the coin in question cheaper then the cost of electricity.

It makes no sense at all to mine any coin at a negative profit.

 

[VirtualLarry]

The problem with mining for speculation is a person could just buy the coin in question cheaper then the cost of electricity.

It makes no sense at all to mine any coin at a negative profit.

Sure it does.
Lack of KYC.
No exchange fees.
And with exchanges failing left and right, it does seem prudent to avoid them altogether if possible.
N.A. needs heat this winter. Mining can provide, with the resulting CC a bonus.

Edit: Forgot a big one, coins at the spec-mine stage, may not even be on exchanges yet to buy or sell.

And if you want privacy coins without a paper trail, mining them yourself is the vest way to obtain them.

 

[maddie]

Sure it does.
Lack of KYC.
No exchange fees.
And with exchanges failing left and right, it does seem prudent to avoid them altogether if possible.
N.A. needs heat this winter. Mining can provide, with the resulting CC a bonus.

Edit: Forgot a big one, coins at the spec-mine stage, may not even be on exchanges yet to buy or sell.

And if you want privacy coins without a paper trail, mining them yourself is the vest way to obtain them.

That hook has really sunk deep.

 

[VirtualLarry]

That hook has really sunk deep.

What can I say. I do it as a hobby, not a business.

 

[moonbogg]

I hope GPU prices keep going up, especially with the based 4080 launch. That would allow AMD too to increase prices and margins, even if less than Nvidia, when products are mostly competitive.

I'd like to see prices go up a good amount more myself. I've always been curious if the price even matters to the legions of mouth-foamy gamers armed with credit cards. I've been out of the market for a long time now with the new pricing trends, so at this point it's just entertainment for me to see how crazy it can really get. I think there's room for a lot more crazy before these young, impulsive gamers finally tap out regarding pricing. Has to be closer to $3000 and up before they decide to tap out IMO.

 

[mastertech01]

If you shine those Crypto coins too often you will find the pot metal slug inside.

 

[aigomorla]

Some coins are almost break-even minable, now.

Your better off buying solar panels with a grid tied inverter, as the ROI is greater then mining at the moment.
And that is also dependent on your cost of electricity.

GPU mining is dead... crypto itself has a very shaky future with FTX collapsing.

Honestly CZ @ Binance was a hostile move where he thought he could kill FTX and he did along with crypto.
If he didn't dump all those FTX tokens and announce it, i think FTX may of survived.
At the very least they could of reallocated.
CZ caused a mass panic withdrawl ultimately killing FTX because investors were afraid and predicting another Celsius and voyage to happen.

 

[moonbogg]

What can I say. I do it as a hobby, not a business.

So it's like buying a bunch of baseball cards, but digital and without the baseball stuff.

 

[VirtualLarry]

So it's like buying a bunch of baseball cards, but digital and without the baseball stuff.

Yeah... I guess so.

I'd compare it to carving your own Wampum Beads, and then selling them for USD.

 

[Leeea]

I'd compare it to carving your own Wampum Beads, and then selling them for USD.

I would disagree. Wampum Beads have innate value. They are quite decorative for one thing. They have considerable cultural significance. They were a widely accepted form of currency that was easy to use, transport, had very low exchange fees, and kept a relatively stable value from day to day.

 

[moonbogg]

Yeah, without the profitability I just can't understand the hobby value of mining. It's just spending a ton of money on GPUs and electricity for literally nothing. It's almost like doing it just to test the coolers or something, like a pointless stress test. It's like buying 10 toilets from Home Depot, plumbing them up all in a row, and flushing dollar bills down them every day while paying extra on your water bill for the privilege of doing it. Youtubers all be like "look how efficient and clean my toilet line is. My plumbing is tiiiight."

 

[lopri]

Bitcoin will fall to 12K within a week, and eventually below 10K. Mining is dead and GPU prices are about to have a bigger collapse.

 

[moonbogg]

Bitcoin will fall to 12K within a week, and eventually below 10K. Mining is dead and GPU prices are about to have a bigger collapse.

I was expecting that, but Nvidia put a stop to it by pricing their new cards through the roof. I fully expected it to backfire on them, but my face went full Pikachu when gamers just gobbled up a ton of $1800+ 4090s. Gamers want more expensive GPUs, so that's exactly what they are getting. They aren't getting cheaper.

 

[Ranulf]

I was expecting that, but Nvidia put a stop to it by pricing their new cards through the roof. I fully expected it to backfire on them, but my face went full Pikachu when gamers just gobbled up a ton of $1800+ 4090s. Gamers want more expensive GPUs, so that's exactly what they are getting. They aren't getting cheaper.

The thinking I'm hearing from people, especially those that say buy cards for 4-5 years are that the 4080 or 90 are the better price/perf long term. Depends on their local market. These are in places with not a great new (amphere) or used pricing. A lot of 3080s etc. that are still high priced, around $800-900 USD equivalent. Though most seem to want new over used. Most of them want Nvidia for the rtx, especially to run Cyberpunk with all the settings maxed. They still complain about paying more than $500-600 for a card though.

 

[mastertech01]

Perhaps there are still a lot of people out there with credit cards who dont care what they cost because they believe they just beat the miners to the punch. A punch that wont ever come. And they believe the chip shortage still exists like a year ago. Some people are inflation proof and those prices are of no concern to them. More power to them I suppose. Just fewer buyers for the bid dump coming to a theater soon. They will have their cards and get that gamegasm first. Im not a gamer anyway, just waiting for the best bang.