In the last 18 months, Ethereum miners spent $15 billion on GPU cards.
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DarkQuark
I firmly believe the power and value of crypto is that you can move around funds without government or banks. The get rich quick stuff is just that and it will get it regulated so that it's original value is no longer.
rl66
Don't forget the volatile speculative effect...
ETH follow bitcoin in the freefall (even more with announcement of partner that will use their own crypto instead of it, around 2025)
So... right now, most of those card are on 2nd hand sale at 1/4 of msrp price, they nearly beg you to buy from them due to saturated 2nd hand market.
This is good for us, too bad for them 🙂 (they were warned enough).
Kool64
it's funny because my cousin bought a 3090 just to mine and made like $1800 in the first few months but I warned him not to do it( he bought a whole Dell PC for 3k) because the market is so volatile. He didn't believe me and subsequently left the money in the wallet. He now has a fraction of what he started with and I thankfully was able to snipe his 3090 by trading him a 3060 a 2070s and a 1070 which allowed me to get the gently mined card for a fraction of it's value at the time. So over all crypto allowed me to get a video card I'd never expected I'd ever have.
Embra
Now they can sell them for $5 billion if they are lucky.
DirtyDee
The RTX 3080 10GB's are going for $640+ on ebay, that doesn't sound like a deal to me. These guy's bought all the GPU's with bots at MSRP, mined the hell out of them and only selling them for $60 below MSRP? Nah, f-ck 'em. They can keep their worn out used trash.
Embra
^^I think the prices will continue to go down.
They will if buyers hold off for a bit.
TheDeeGee
GPU prices in my country have stagnated since March, and are atill 300-400 above MSRP.
Venix
Hold the line do not buy yet if you do not need a card!
JamesSneed
alanm
BLEH!
Second hand prices are near MSRP, if not more on eBay UK...
JiveTurkey
I am one of those who game first and mine second. The old 2080ti and 1080 are mining away. It doesn't add up too much, especially post electricity. But you can tip internet people here and there.
Crypto you mined 6+ years has an ok margin, but reason gpus shift so hard with even a medium price dip is because the margin is so small. you can't even break even at these current prices.
3090 is horrible at mining because the the ram on the backside goes straight to overheat. There is only backplate and no proper heatsink let alone cooling. I even added some large HSF to backplate, but it barely helps because the backplate is just not designed for serious heat dispersion.
JiveTurkey
Fediuld
KissSh0t
WAR76
Let them hold the BAG