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Nvidia ampere revision, hash rate lite silicon inbound

This will likely make current cards that aren't gimped go up in value, i have already just about made back what my 3080 cost, but I'll likely keep the value in BTC.
 
Perfect_Chaos said:
This will likely make current cards that aren't gimped go up in value, i have already just about made back what my 3080 cost, but I'll likely keep the value in BTC.
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The 3060 Ti Founders Edition is now going for ~£1,100 used. I dread to think how crazy it's going to get if all new stock has limited hash rates :cry:
 
I feel like it will still be a long time before the prices come down to acceptable levels for a casual PC gamer like me. I assume these cards will still be somewhat attractive to miners but they will be willing to pay about half the current ridiculous price point?
 
Rusky said:
I feel like it will still be a long time before the prices come down to acceptable levels for a casual PC gamer like me. I assume these cards will still be somewhat attractive to miners but they will be willing to pay about half the current ridiculous price point?
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I wouldn't say these prices are the new normal, but they aren't far off. Everyone from the manufacturers to the AIB partners, retailers, scalpers etc have had a taste of the good stuff. Unless nVidia allows the market to be completely flooded (once their capacity enables it), don't be surprised if a mid-range card with an RGB fan slapped on it is £500+, even a couple of years from now.
 
Squink said:
I wouldn't say these prices are the new normal, but they aren't far off. Everyone from the manufacturers to the AIB partners, retailers, scalpers etc have had a taste of the good stuff. Unless nVidia allows the market to be completely flooded (once their capacity enables it), don't be surprised if a mid-range card with an RGB fan slapped on it is £500+, even a couple of years from now.
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Its like the petrol prices, they jack the prices up instantly when oil prices go up, but then hardly ever take it down as quick when oil prices come down.
 
McPhee said:
The 3060 Ti Founders Edition is now going for ~£1,100 used. I dread to think how crazy it's going to get if all new stock has limited hash rates :cry:
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Can somone help me out with this?
Are the mining calculator totally wrong?
Because I look at whattomine.com, enter one 3060 Ti and they calculate as bringing in $5.46 so just under £4 per day, before electricity costs.
Even assuming zero energy costs, that's nearly 8 months just to break even.
Sounds way too risky to me.
What can anyone buying at those prices expect?
Mine for 8 months and get a near free card?
Mine for 8 months and then sell the card?
Mine 12 months hoping the price keeps going up?
But then why not just buy coins?
 
All true, I'm not sure why someone would pay over a grand now, just to mine. But when the price was closer to RRP for an FE they were a top card to get.

For me, I was waiting for them to be released as they were the fastest card that would fit, and be powered adequately in my case. I'd still love one!

Can only assume it's a mixture of what you suggested. Enough people have the cash, to then mine for a bit and game? Bonkers.

But then that is what I was thinking, would I pay £500 for one, assuming I would mine enough when I wasn't using it to effectively halve the price down from ~£1,000. The answer was no :D
 
KompuKare said:
Can somone help me out with this?
Are the mining calculator totally wrong?
Because I look at whattomine.com, enter one 3060 Ti and they calculate as bringing in $5.46 so just under £4 per day, before electricity costs.
Even assuming zero energy costs, that's nearly 8 months just to break even.
Sounds way too risky to me.
What can anyone buying at those prices expect?
Mine for 8 months and get a near free card?
Mine for 8 months and then sell the card?
Mine 12 months hoping the price keeps going up?
But then why not just buy coins?
Click to expand...

It really depends how much you paid for the card. I paid £369. In a little over two months (about 70 days after accounting for down time) I've been paid 0.00837353 BTC. That's ~£335 at £40k per coin. Electricity cost will be about £35.

Though for the people buying cards for mining, capital cost isn't hugely relevant. The important costs are electricity and depreciation. And at the moment cards are appreciating, rather than depreciating (and are likely to depreciate slowly when costs do start falling). This is a large part of the reason why card prices keep getting more and more ridiculous; purchase price doesn't really affect mining profitability unless the used value of cards drops suddenly.
 
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Yeah, with the markups/scalping, buying one of these cards at inflated prices to mine now doesn't make a heap of sense - I paid £900 (!) for my 3070 Suprim X from a *retailer* and I'm earning approximately $220 per month mining on it (and a 1660 ti I have) so five-ish months to 'pay it off' (three to go).

That same card from the same retailer is now selling for £1,300 (!!!).
 
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