Is now the best time to sell your GPU?

Valentins · 7 May 2021 at 19:25

People do similar things. First whey blame scalpels. Second whey write funny stories about successfully sales GC and good profit. Find difference between yours and scalpels.

Ultraman1966 · 7 May 2021 at 19:34

Grim5 said:
technically, yes!

If you already have a playstation 5/xbox, selling your GPU now will maximise your profits without sacrificing gaming time

I've stopped looking but PS5s are still like unicorns unless retailers have suddenly all restocked without my alerts pinging...

shamus21 · 7 May 2021 at 20:17

You lads do realize that this high street shop only pays the high prices for those GPU`s because the miners are buying up their stock.

Sone · 7 May 2021 at 20:29

xPETEZx said:
Thats why I only did it AFTER getting a 3090

They sell bloody quick too!
After the last drop, they had like 10+ 3090FE in stock, now its none. Barely lasted a week.
My 3080FE was barely on the site 2 days before it sold.

So there are people paying the crazy prices I guess if I was to pay scalp money, id rather do it through a retailer with warranty....but still. Mad times.

I did the same thing; mad really I could get a 3090 and a few quid in my pocket. Not sure if went into online stock but saw it go into store stock. 4hrs later the 3080 was gone

~>Dg<~ · 7 May 2021 at 20:35

shamus21 said:
You lads do realize that this high street shop only pays the high prices for those GPU`s because the miners are buying up their stock.

lol 3060 certain brands are going for upto 600 cash . when you see systems for 900 quid with amd 5600 and a 3600 sell the card and you get some great deals.

Dave2150 · 7 May 2021 at 20:36

lovelyhead said:
I was lucky enough to buy an RX 6800 at launch from OCUK. I paid £599 for it. It has made about £200 mining in about 5 months. I bought it to game with no idea mining was profitable at the time but it has spent 95% of the time I have owned it mining and not gaming.

I have been reading that etherium is not going to be profitable by the end of the year so I have the potential to make another £300 in the time before then. I have discovered that I could take my 6800 down to CEX and get £920 cash for it which would be an instant £320 profit. This feels like too good an opportunity to pass up as I can't see prices rising much higher than that. Or could they?

So it seems that my options are keep the GPU and continue mining which will at best net me £300 before etherium isn't mineable anymore and I still have a GPU which will no longer be worth as much or wait until I can get an Xbox Series X and sell the GPU for £320 profit.

What would you do?

Well, potential Members market buyers can now see that you've publicly admitted to mining £200 (so far) on your RX6800 - that will deter many gamers for wanting to buy such a card, though obviously miners will probably still jump at it.

Personally, I'd not sell what I use. If I wasn't using my 3080, I'd sell it. I am, so I'll continue to own it (until I upgrade to a 3080ti)

lovelyhead · 7 May 2021 at 20:49

Dave2150 said:
Well, potential Members market buyers can now see that you've publicly admitted to mining £200 (so far) on your RX6800 - that will deter many gamers for wanting to buy such a card, though obviously miners will probably still jump at it.

Personally, I'd not sell what I use. If I wasn't using my 3080, I'd sell it. I am, so I'll continue to own it (until I upgrade to a 3080ti)

Every single 30 series / 6000 series card in existence will have been used for mining!

Alex Lambert · 7 May 2021 at 21:15

willhub said:
It's interesting how the 6800XT only gets £1080, think the price might be related to mining performance.

It's not mining performance, it's the popularity of the card, so they are hedging their bets on what they think will make them more money.

willhub · 7 May 2021 at 21:30

Alex Lambert said:
It's not mining performance, it's the popularity of the card, so they are hedging their bets on what they think will make them more money.

The 6800XT is a very popular card though

Alex Lambert · 7 May 2021 at 21:33

Agreed just nowhere near as much as the Nvidia cards, they have the market share.

shamus21 · 8 May 2021 at 09:42

The Question you have to ask yourselfs if you sell your Graphic card can i wait until things get back to normal which could be 12 months maybe 24 months who no`s but something to consider mining is not going away anytime soon chip shortages will be with us until the end of 2022 and Nvidia / AMD / Intel will still keep jacking up the prices because current events show that they can get away with high prices.

3t3P · 8 May 2021 at 10:22

If you don't get scammed I could do alright selling my card. But guess what I bought it for me, have been using it, will use it and probably the best GPU i've ever had!

lovelyhead · 8 May 2021 at 10:41

Well managed to get myself an Xbox Series X so the RX 6800 is going to CEX today. Doing the maths I would only make £150 more mining until December and then selling than CEX are offering me right now. I would then have to compete with a glut of cards entering the used market when etherium is no longer mineable. Plus I wouldn't be gaming until December as I would have to be mining.

Adding all that up it just makes sense to sell now (assuming a new cryptocoin doesn't replace eth after December).

pete910 · 8 May 2021 at 10:43

lovelyhead said:
Every single 30 series / 6000 series card in existence will have been used for mining!

Wrong!!!
I have'nt mined anything with my cards!

lovelyhead · 8 May 2021 at 10:45

pete910 said:
Wrong!!!
I have'nt mined anything with my cards!

OK I maybe exaggerated by saying every card but considering it is free money, the vast majority will have mined.

mikehhhhhhh · 8 May 2021 at 10:46

I'd rather mine than sell them on. Between my 3080, 3090 and 2070 Laptop, mine are bringing in around £500/m.

It'll only take 3-4 months to offset what I'd make in profit by flipping them and I end up with graphics cards at the end of it!

lovelyhead · 8 May 2021 at 11:13

mikehhhhhhh said:
I'd rather mine than sell them on. Between my 3080, 3090 and 2070 Laptop, mine are bringing in around £500/m.

It'll only take 3-4 months to offset what I'd make in profit by flipping them and I end up with graphics cards at the end of it!

Yes in your case it makes sense to keep mining. For me I only mine during the day as I don't like running the computer 24/7 so that would bring in £250 between now and December assuming people continue to buy nicehash mining power at the same rate as now. So I paid £599 for the card and have already mined £235 reducing the cost of the card to £400 after paying for electricity. Say I can sell the card for £500 in December after mining another £250 I would be up £350. If I sell right now to CEX I will be up £520 plus I can get back to gaming rather than mining.

mikehhhhhhh · 8 May 2021 at 13:12

Why would you sell in December?

Surely being able to game between now and whenever you get a new card is worth £200?

lovelyhead · 8 May 2021 at 13:17

mikehhhhhhh said:
Why would you sell in December?

Surely being able to game between now and whenever you get a new card is worth £200?

Etherium will probably not be mineable come December so there will be a glut of cards being dumped on the market then. I managed to get a Series X so will have that to game on. I am not even gaming on the 6800 as it is constantly mining and would need to continue to do so if I wanted to make that money. If I sell now the RX 6800 will pay for itself and also pay for the Series X. I will wait for sanity to return to the GPU market then jump back in.

greatash · 8 May 2021 at 13:18

I'm really tempted to sell my 3080 Fe, cex buying for almost £1500.
I paid £650 in December and must have already mined £1000+ in eth.. might mine until the end of the month and then sell it!! I have an old 980 and ps5 I can use for now.

One thing on my mind is with Nvidia changing the silicon in newer cards to stop mining we could see the current 3080s that are good for mining spike to 2-2.5k?!