GPU prices go boom

AiiR · 5 Feb 2018 at 17:53

All the while theres no supply, miners will be able to offload their cards at the inflated prices. At the moment I'm seeing a lot of people on eBay and facebook sites openly admitting that their cards have been mined on for atleast 6 months but still getting near £300 for their 1060's etc.

Doubt we will see cheap cards unless there's a massive crash and all the warehouses full of cards start flying out. I can't see that happening all the while mining is atleast a little bit profitable.

nomadd · 5 Feb 2018 at 18:36

Flack88 said:
Just bought an Xbox one x as my 780ti is nearly kaput. Was going to buy a whole new 8700 build with a 1080ti. GG Nvidia on the supply front.

Enjoy the XBOX.

Grabbed a PS4 Pro 6 months ago and haven't looked back.

Watch the current PC graphics market - and pricing - for entertainment only these days.

NZXT30 · 5 Feb 2018 at 18:49

Rossi~ said:
Indeed.

The worry I see for retailers is the potential of dropped sales overall, due to the increase in costs associated with PC gaming.

PC gaming sky rocketed in popularity the past few years and we ended up with £200 keyboards, £300 gaming chairs and £100 gaming mice. A correction would be good for the pc gaming market. Retailers also need a reality check.

Flack88 · 5 Feb 2018 at 18:52

nomadd said:
Enjoy the XBOX.

Grabbed a PS4 Pro 6 months ago and haven't looked back.

Watch the current PC graphics market - and pricing - for entertainment only these days.

Thing is I play a lot of flight Sims, so I will be buying a new pc when prices become more stable once the supply issues are sorted. I also wanted an Xbox for Red Dead Redemption 2 when it comes out.

Killer7xx · 5 Feb 2018 at 19:02

AiiR said:
All the while theres no supply, miners will be able to offload their cards at the inflated prices. At the moment I'm seeing a lot of people on eBay and facebook sites openly admitting that their cards have been mined on for atleast 6 months but still getting near £300 for their 1060's etc.

Doubt we will see cheap cards unless there's a massive crash and all the warehouses full of cards start flying out. I can't see that happening all the while mining is atleast a little bit profitable.

The miners with the warehouses full of cards are the ones still buying used 1060s for £300. Due to the scale of their operation, they will be very profitable despite the fall in crypto prices. But as always, they can lose a lot in just a matter of days, I wouldn't be surprised to see some of them fall hard in the coming weeks and months if prices continue to decrease and then cheap GPUs flooding the market.

chroniclard · 5 Feb 2018 at 19:04

If a miner has paid off his hardware, why would he sell it all, could just wait it out.

NZXT30 · 5 Feb 2018 at 19:12

chroniclard said:
If a miner has paid off his hardware, why would he sell it all, could just wait it out.

That's assuming mining will remain profitable in the long term which it won't. Only a tiny minority have paid off their hardware, most used every penny they made to buy more at inflated prices.

ghutchison14078 · 5 Feb 2018 at 19:15

Could all the gamers get a Kickstarter campaign going to hire the world's best hackers and programmers to come up with a virus to kill mining.

They could call it "The Maggie Thatcher"

pete910 · 5 Feb 2018 at 19:24

ghutchison14078 said:
They could call it "The Maggie Thatcher"

That made me chuckle tbh

chroniclard · 5 Feb 2018 at 19:27

NZXT30 said:
That's assuming mining will remain profitable in the long term which it won't. Only a tiny minority have paid off their hardware, most used every penny they made to buy more at inflated prices.

That's just your opinion.

MrMD · 5 Feb 2018 at 20:05

NZXT30 said:
PC gaming sky rocketed in popularity the past few years and we ended up with £200 keyboards, £300 gaming chairs and £100 gaming mice. A correction would be good for the pc gaming market. Retailers also need a reality check.

I 100% agree,its truly an awful time to have to start from scratch if you want even a mediocre gaming PC.

Miners are just the a part of the problem,it should pass(hopefully) but the trend will continue.

Captain · 5 Feb 2018 at 20:22

Oh dear, i just accidentally ordered a 1080Ti Kingpin card! My finger slipped!

Zeed · 5 Feb 2018 at 20:22

NZXT30 said:
That's assuming mining will remain profitable in the long term which it won't. Only a tiny minority have paid off their hardware, most used every penny they made to buy more at inflated prices.

Buhahhah where You got that idea from ??

PapaLazaru · 5 Feb 2018 at 20:39

Zeed said:
Buhahhah where You got that idea from ??

Fundamental basic economics. It has worth because of hype and idiots buying it up with their credit cards which is massively inflating the price. If nobody was buying, the price would be low. In normal circumstances, a perceived value can be hyped by investors with a basic understanding of economics and risk, but they can often still lose out massively, like the dot com bubble. Crypto is being hyped by the man on the street who has no idea what they are really getting into. At least with the dot com bubble there were people trying to make money through a business, this is just people buying into an idea they don't fully understand.

There are well over 1000 ICO's out there jumping into the hype train, it physically will never work.

AlamoX · 5 Feb 2018 at 20:39

chroniclard said:
If a miner has paid off his hardware, why would he sell it all, could just wait it out.

because crypto is crashing, bitcoin passed a treshold, and will probably keep droping, if lucky it will stabilize at 4k$, it's last stable value, if unlucky it might keep going down.
assuming bitcoin could make a come back it will take atleast couple years with another alt-coin, by then all the hardware you have will be useless for mining, and in 2 years it would have lost all it's value, with new hardware twice as fast and twice as efficient, using the hardware to mine current alt wont be profitable, because this time around crypto went mainstream, and a lot of ppl lost money, ppl who probably will not invest again, so recovery will be much harder and much slower as confidence will be very low.
imo crypto crashed, it's not a maybe or it could go back up, but it's done profit wise using mining for now, ppl who bought in last couple month have lost money, because they probably didn't have time recup the investment (gpu miners), which is a lot less dramatic than ppl who put huge sum of money or put houses as colateral, anyway this is awefull, to see fools being sold dreams, just to end up broke.
the only getaway for small miners is to sell their rigs, before the cards become dirt cheap.

Captain · 5 Feb 2018 at 21:10

So which is best to go for? Titan XP or 1080Ti?

I think both at stock the Titan XP just edges ahead for an extra £50.

I have until 10pm to cancel my 1080Ti order and swap to the XP if i want to.

New nVidia cards are around the corner too but that's no problem, i'll probably skip the next batch and then buy the new Ti version later in the year.

AlamoX · 5 Feb 2018 at 21:21

Clov!s said:
So which is best to go for? Titan XP or 1080Ti?

I think both at stock the Titan XP just edges ahead for an extra £50.

I have until 10pm to cancel my 1080Ti order and swap to the XP if i want to.

New nVidia cards are around the corner too but that's no problem, i'll probably skip the next batch and then buy the new Ti version later in the year.

if you already have a gpu, i would say keep your money, if crypto mining is done for now, nvidia would need to release their new line up, probably early Q2

Azrael1 · 5 Feb 2018 at 21:26

If it was me personally and only £50 diff. I guess its the Star Wars Titan XP ? I would def go for the Star wars one.

Clov!s said:
So which is best to go for? Titan XP or 1080Ti?

I think both at stock the Titan XP just edges ahead for an extra £50.

I have until 10pm to cancel my 1080Ti order and swap to the XP if i want to.

New nVidia cards are around the corner too but that's no problem, i'll probably skip the next batch and then buy the new Ti version later in the year.

NZXT30 · 5 Feb 2018 at 21:29

chroniclard said:
That's just your opinion.

GPU mining becoming unprofitable is a fact and not an opinion. Both algorithms worth mining (its actually just eth and everything else depends on it) have announced that they will be moving away from gpu mining and no new promising ASIC-resistant coin is on the horizon. Don't let some deluded miners fool you, everybody in the crypto world recognises mining as a waste of resources that needs to be phased out.

Marky · 5 Feb 2018 at 21:32

If I was actually willing to spend £1000 on a graphics card - I would defo be tempted at the Titan Jedi edition

Looks sexy as hell