Used GPUs flood the market as Ethereum's price drops below $150
1–10 of 361 posts
Re: Used GPUs flood the market as Ethereum's price drops below $150
#2And then they'll buy back at horrendous prices when the Price goes up again? Seems like shortsighted people do this. At least they could play some tremendous video games in the mean time ;)
Re: Used GPUs flood the market as Ethereum's price drops below $150
#3And then they'll buy back at horrendous prices when the Price goes up again? Seems like shortsighted people do this. At least they could play some tremendous video games in the mean time ;)
They can still profit off the GPU's at current rates, if a glut is coming. For personal use I bought some brand new R9 390's last year @$270. If I had wanted to sell them used about 2 weeks ago I could have sold them for about $700 pretty easily.
Lots of room for margin in selling them early and getting back in after the glut if you're looking long-term. Just take a few weeks out of mining.
Re: Used GPUs flood the market as Ethereum's price drops below $150
#4Welcome to the end. Ethereum crasheses, bringing NVDA down. Bringing the NASDAQ down.
Down and down it all goes. This house of cards, these castles in the sky.
Re: Used GPUs flood the market as Ethereum's price drops below $150
#5[deleted]
Re: Used GPUs flood the market as Ethereum's price drops below $150
#6Welcome to the end. Ethereum crasheses, bringing NVDA down. Bringing the NASDAQ down. Down and down it all goes. This house of cards, these castles in the sky.
no.
Re: Used GPUs flood the market as Ethereum's price drops below $150
#7Just took a quick look at this.
If you are located in the 'mining valley' of Washington where power is ~2c/kwh you are still getting healthy profits.
A computer with 7 GTX 1070 graphics cards should produce ~230 mh/s and draw 1 kw. This would cost approximately $30/month in power factoring in kw demand + cooling.
The above setup will currently generate $385/month in ETH.
So basically for miners who are in the right spot with the right facility, this is still profitable. The question is of course for how long. You also need to factor in the cost of equipment, datacenter, employees and difficulty/price.
But even if you dont have a facility in washington and just mine from your apartment, your power cost would probably be $100 a month. So its still 'profitable', just not nearly as much as it was in the run up.
Cliffnotes: 'professional' miners dont care. Even with the 'crash' today, they are making more per day than they were before the entire run up. For instance the 'worst' time for mining was December 2016 where you would only make $7.50 a day gross in ETH.
Re: Used GPUs flood the market as Ethereum's price drops below $150
#8Welcome to the end. Ethereum crasheses, bringing NVDA down. Bringing the NASDAQ down. Down and down it all goes. This house of cards, these castles in the sky.
what happens you only consume popular media and can't self express without cliche
Re: Used GPUs flood the market as Ethereum's price drops below $150
#9[deleted]