My local 2nd hand high street shop has had a number of cards submitted this week and now has more cards than I have seen since the gpu shortage began. It has 3090, 3080, 3070, 1060, and 6800 all in stock plus some others. I suspect that some people are predicting further decline in the value of cards and have decided now is a time to sell on.
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GPU panic selling?
- Thread starter sgoaty
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high value though? I would worry selling a 3080 there
Yeah, 600 sound about right for me too. My 2060 will work fine till that day. Good luck
If im correct ETH 2.0 will be brutal to second-hand market.
It happened before few years ago. But this time the numbers are a lot bigger in gpu's. Another thing i read on reddit: there is a time bomb in ETH code, I dont know all about it, but its designed to motivate developers to stick to the deadlines, So 2.0 is coming and it should spell armageddon to second-hand GPUs.
It happened before few years ago. But this time the numbers are a lot bigger in gpu's. Another thing i read on reddit: there is a time bomb in ETH code, I dont know all about it, but its designed to motivate developers to stick to the deadlines, So 2.0 is coming and it should spell armageddon to second-hand GPUs.
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Cash/bank transfer on doorstep. You can always make a note of car registration, or take a pic.
Worked very well for me recently. Bank transfer and photo of car reg.
had a quick look at the grey market prices again just now, the AMD cards have continued to sell at a much lower rate and the Nvidia cards have stayed steady.
i think its just a stock adjustment (in AMD buyers favour) but it now means a 6900XT is £940ish and a 3080 founders are still selling at £1,200.
i think its just a stock adjustment (in AMD buyers favour) but it now means a 6900XT is £940ish and a 3080 founders are still selling at £1,200.
Its on Reddit so must be true
Seriously though, never heard of that but the devs of ETH have already delayed the move to the Proof of Stake model till year end if not longer.... so not sure praying for that to help will do muchDoh, seems obvious but yeah.... as long as they drive to you. Lucky I am in stix so likely....
Agree with the other poster about 3080 prices now as "low" as £1200... might need to sell mine quick
Hmm can you elaborate or link me to this thread? Gonna go look it up as well.
Yeh I've been hearing about the switch to proof of stake, but the comment seemed to specifically talk about 2nd hand market (when I see this a whole market thing).
Makes sense now, I guess miners/scalpers holding cards will be most affected.
What's the main difference between now and back then on crypto market? Number of profitable to mine altcoins that size up in price as Eth does. Some miners would sell GPUs, sure. But many would likely just switch to altcoin and continue for as long as these are profitable to mine.
Plus in the past prices were still sensible and you could still buy GPU in shops for such. Neither is true currently, which also means they can still be selling their GPUs for scalp prices, not influencing market as much as they did in the past.
They are just "cashing out" while GPUs are still worth so much, they would have to mine out for a big big while now with lower profits just to make up for the GPU prices and they are aware GPU prices will crash soon, it's much easier to sell them and have "instant profit".
Additionally there's always the option of buying back in. I.e. if this alleged fire sale happens with ebay chock full of bargain GPUs then they can just buy back in at a much lower price should the profitability equation improve. They might make more money selling GPUs for inflated prices and buying back six months later than they would on mining, or at least break even but without the risk element.
Soldato
That could also be assuming people only mine direct to cash.. as long as its profitable (which it still is) all you have to do is cover the electric and wait for a sell opportunity later down the line.
I mean I could mine 0.1 ETH in a few weeks but why sell for yesterdays price of £1470, when I can set a sell limit on it for £1800? This way if it triggers (this is just an example btw) my order I have actually sold my ETH for £180 as opposed to selling it on the day for £147. When you observe it in this context, all a miner has to do is mine it till the sell time equates to the same daily profit as a few weeks ago!
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