Anyone else feeling the pain?

[YACCster]

Make sure you don't sell your old cards too cheap!:

https://www.pcworld.com/article/3248884/components-graphics/graphics-card-prices-expensive-alternatives-crypto-mining.html#tk.rss_all

[Hunter1948]

That is just so nuts. I think I will sit on my wallet.

[TheDrimpXI]

i think still got some off them  

[MikeB]

Prices will come back down in a few months.  Mining for cryptocurrency with "PC" rigs will slow down, now that the price of bitcoin and others are dropping.  Plus the latest ASIC Miners are getting more efficient than PC rigs and ASIC miners are easier to setup.  But they are pretty damn loud.  More people are doing "Cloud Mining" ( I being one).  With cloud mining your renting ASIC miners, that these sites maintain for a percentage of your profit.   Now when ASIC Miners and/or video card rig prices settle down, I may build my own miner or buy an ASIC Miner.  At current values (hash rates, difficulty rate and bitcoin price) a single Radeon 570 pc rig would earn around $3.00 - $3.50 per day (after operating costs).  Thats $1,095 profit a year.  Now build a PC rig with 6 Radeons would earn you $6,570 profit a year (at current values).   A 6 card pc rig would cost roughly $1750 to $2,000 to build.  After 4 months the rig is paid for.  Now the latest ASIC Miners can earn you up to $250 a week or $13,000 per year.  At current levels.  But they cost around $6,000 to buy.   An ASIC would pay for itself in 6 months.  So in the long run ASIC's are the way to go.  I predict bitcoin will be around $5,000 per coin in about a month (if not sooner).    And with the governments around the world on the fence about cryptocurrencies, that alone is making shit volatile.     Now if the governments come to a consensus and acknowledge cryptocurrencies, well one could see bitcoin shoot up to $100,000 in a few years.  But then again, they could all go belly up !!  Very interesting and unpredictable investment.   

Remember who got rich during the "Gold Rush" ?   The guys selling shovels !!!  Video card manufacturers and ASIC builders are laughing to the bank.

Edited January 18, 2018 by MikeB

[Angelz]

Some dude sold his Radeon RX Vega 64  last week on ebay for $2200.00!! He beat the crap out of it before he listed it. Over clocked, under volt, over volt lol he had it for a month and put it through every test he could think of.

[YACCster]

Well here we go, they are starting to stabilize and come down to retail pricing and below as well as a bit more availability I think.

http://www.microcenter.com/search/search_results.aspx?N=4294966937&sortby=pricehigh&NTK=all&page=1&cat=Video-Cards-:-Video-Cards,-TV-Tuners-:-Computer-Parts-:-MicroCenter

It's good because I've got about 27 days left to return that Titan Xp, thanks Nvidia!

The massive computing power of high-end consumer graphics cards make them ideal for mining Ethereum and a number of lesser-known cryptocurrencies. (Bitcoin's simpler mining algorithm long ago came to be dominated by custom ASICs, making GPU-based bitcoin mining unprofitable.) As a result, the cryptocurrency boom that began last year led to a boom in demand for graphics cards.

Prices soared last summer, then soared even more in early 2018. By February, the going rate for high-end graphics cards like the Radeon RX 570 and RX 580 was more than double what it had been nine months earlier.

But now the graphics-card boom seems to be coming to an end.

 

The price of ether and other major cryptocurrencies has been trending downward since January. And since February, graphics-card prices have generally been heading in the same direction.

"Profits have dropped quite a bit," one Ethereum miner told Ars by email. "The video-card shortage seems to be mostly over."

Another miner agreed: "The card shortage is definitely over."

https://arstechnica.com/tech-policy/2018/04/why-this-years-insane-graphics-card-price-surge-might-be-over/

[MikeB]

I was going to build a new gaming PC this month, but may hold off now till this fall.  See where video card prices go. 

[YACCster]

43 minutes ago, MikeB said:

I was going to build a new gaming PC this month, but may hold off now till this fall.  See where video card prices go. 

Supposedly Nvidia should have new cards out by end of July now? (https://www.tomshardware.com/news/nvidia-gtx-2080-predictions,36720.html)

[Johnny3Time]

My GTX 1080 I bought almost 2 years ago is still worth more than I paid for it!

[Astronomer]

I built a gaming rig last month. My old one was built in 2011-2012. No regrets: The new PC is a fast beast and nicely overclocked. I picked up a 1080 after some debate. I figure it'll do just fine for how I use it, and if I was buying, I may as well get a fast card. The TI's are still way too expensive here in Canada. As for the future, I may skip a generation and pick up a video card from the generation after next. I figure VR will be fairly mature by then.