Soldato
Wouldnt be LHR then? 
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FINALLY A DEAL ON GPU'S - IT HAS BEEN TOO LONG (NVIDIA 3060 & 3060Ti) !!
- Thread starter Gibbo
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Caporegime
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Been said multiple times now, no.
Associate
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Wouldnt be LHR then?
Just worried about resale value on LHR cards- shame that it has come to that- intentionally reducing a cards abilities to twart miners.
Resale value won't be much different to non LHR versions especially once the plug is pulled on mining and ETH 2.0 arrives.
Associate
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I read somewhere miners are just going to switch to another algorithm although not as profitable- wonder whether LHR/Non-LHR was a con
Soldato
ERGO or RVN will be next, but mining wont go away
Soldato
It is a con as it could have been implemented back in pascal or earlier if they had this gaming audience relationship.
This year by the time it came to hands of people, the mining boom had gone and the ETH fork is here. Miners are not stupid and were never buying cards that are 2x their RRP.
At least if your selling on a LHR in the future you dont really need to state "never mined with"
Associate
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- How true LOL!It is a con as it could have been implemented back in pascal or earlier if they had this gaming audience relationship.
This year by the time it came to hands of people, the mining boom had gone and the ETH fork is here. Miners are not stupid and were never buying cards that are 2x their RRP.
At least if your selling on a LHR in the future you dont really need to state "never mined with"
Plenty of people, including here, were saying they weren't put off by the 2x RRP as they would mine with them and make ROI in 3+ months (etc).
Associate
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That drove up prices I expect and wetted GPU manufacturer's appetites for mouth watering price hikes
Even if just 20% of people currently mining ETH switch to these then it won't be profitable unless you have free electric.
Soldato
Interested in the plenty list you may have...
The golden weeks/months to make ROI in as little as three months~ was difficult as limited stock, retailers offered one card per account and it had to be in your rig mining flat out before 11 May as this is when the profits tanked.
This is what a 3070 makes a day assuming 15p electric unit. Let's pretend you picked one up for £799.
Over flat out mining (no down time, no gaming etc) after 90 days you would have made £246.60
This is way off ROI estimates.. I was also being generous, double MRSP for this card would mean you likely paid over a grand for it. So in that context its more than a year to ROI, hardly lucrative, but totally puts me off.
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Totally forgot about the likely appreciation in the mined coin.Interested in the plenty list you may have...
The golden weeks/months to make ROI in as little as three months~ was difficult as limited stock, retailers offered one card per account and it had to be in your rig mining flat out before 11 May as this is when the profits tanked.
This is what a 3070 makes a day assuming 15p electric unit. Let's pretend you picked one up for £799.
Over flat out mining (no down time, no gaming etc) after 90 days you would have made £246.60
This is way off ROI estimates.. I was also being generous, double MRSP for this card would mean you likely paid over a grand for it. So in that context its more than a year to ROI, hardly lucrative, but totally puts me off.
The encouraging thing recently is that there is quite a bit of stock about now.
Most of it still at stupid prices but they aren't selling instantly like they used to. Lots of ~£600-£700 3060tis sitting on shelves and lots of ~£800-£900 3070/3070tis not selling either.
I remember months ago, you literally could not find anything in stock anywhere other than mental scalped stuff on ebay.
With most things being LHR now, and once all the impatient people have got the card they want, i can see stocks starting to increase decently which should force retailers to start charging around RRP again. With stocks at proper retailers (even at inflated prices) being available, scalpers will find it harder and harder to make any money so things seem to be on track for a return to normality. Not to mention, ethereum profits likely winding down too, which will likely mean most small time users wont bother mining anymore.
Most of it still at stupid prices but they aren't selling instantly like they used to. Lots of ~£600-£700 3060tis sitting on shelves and lots of ~£800-£900 3070/3070tis not selling either.
I remember months ago, you literally could not find anything in stock anywhere other than mental scalped stuff on ebay.
With most things being LHR now, and once all the impatient people have got the card they want, i can see stocks starting to increase decently which should force retailers to start charging around RRP again. With stocks at proper retailers (even at inflated prices) being available, scalpers will find it harder and harder to make any money so things seem to be on track for a return to normality. Not to mention, ethereum profits likely winding down too, which will likely mean most small time users wont bother mining anymore.
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Soldato
This. It was astonishing to see how many people were desperate to buy this gen and enthusiasts like on this site are a tiny % of the market. People being forced to stay at home I'm sure made it much worse than it would have been, but the scalpers hawking in during the pandemic conditions were what made the scene ridiculous.
yep, and when mining profits were nuts through the start of the year, the cards were just paying for themselves very quickly. Seen as they were effectively free, i can see why they just went instantly. With much more uncertainty as to whether you will be able to make much back mining before ETH 2.0 i'm hoping the frenzy is coming to an end.
Soldato
It can go down too.. most of May/Jun/Jul it has been lower when performing the same calculation.
Associate
You see.... With the way the gas fees are going to go through the roof with eip1559, people will just move their cards to mine another coin. Don't think it will go away. But I digress, I'm looking forward to getting a 3060ti finally. I had a 2060 in my new gaming pc as a temporary fix thanks to a friend until the stock situation started to ease.