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Rx480 prices.... mining?

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can anyone explain why rx480s second hand are selling for 1070 prices online? People are saying it's to do with bitcoin mining but I don't see the link to GPUs.

My wife has an 8G RX480 MSi gaming, I'm thinking about flogging it for a quick profit!
 
It's mainly alt coins. The RX 480/70 is particularly good at mining Ethereum and Zcash.

The price for these has sky rocketed recently even more than bitcoins. So as soon as they become available they get snapped up, even 2nd hand ones going for as new prices.

This is also one of the reasons why the RX 580/70s are sold out in most places.
 
can anyone explain why rx480s second hand are selling for 1070 prices online?
Because some people are idiots and will pay the same as a GTX1070 for a card that has lower mining potential because they have seen 1-2 year old threads on something they don't really understand and assumed it will make them rich.
 
Because some people are idiots and will pay the same as a GTX1070 for a card that has lower mining potential because they have seen 1-2 year old threads on something they don't really understand and assumed it will make them rich.

Well those idiots are my new friends :D

I will happily sell at these prices!
 
I had a look on the bay and cards selling at 1070 price were rare exceptions. (base on actual sales not listed prices)
Most were in the same price range of new RX 580s. Take off 10% fees and it's not so good. :P

1070 prices were pretty high too. But yeah it would make more sense to by a 1070 once your into £300+ range.
 
I only paid £180 for this one so having the ability to jump up £100 after owning for 6 months is a wonderful prospect. But like you said, after fees etc is does become a little less attractive.

I was thinking about selling the 480 and giving my wife my 1080.... perfect excuse to go buy a ti :D
 
What's happening then, mining making a big come back?

Well it seems so,... I was watching a guys YouTube last night after being intrigued by it all and he said using zcash he could effectively pay for his 1080ti within 4 months of continuous mining using none other than a 1080ti.

It sounds too good to be true, I have been brought up to avoid such ventures!
 
I really don't understand mining. I understand that the gpus are doing calculations for cash but who is actually paying you the money to do the math? What's in it for them?
 
Me and a mate have been mining ETH on rx480's for a while, while our machines are not in use and have paid for the cards many times over by doing so. We used to mine ltc and btc but had a few years break because nothing was profitable to mine without ASIC mining. ETH has been good to us but I have to say it's slowed up quite a bit as prices have been heading up over the last few months, we were mining far more coins but now we get around 1 eth a month each per rx480 which I guess isn't too bad while prices are above $200.
 
Me and a mate have been mining ETH on rx480's for a while, while our machines are not in use and have paid for the cards many times over by doing so. We used to mine ltc and btc but had a few years break because nothing was profitable to mine without ASIC mining. ETH has been good to us but I have to say it's slowed up quite a bit as prices have been heading up over the last few months, we were mining far more coins but now we get around 1 eth a month each per rx480 which I guess isn't too bad while prices are above $200.

Thats pretty good going, now wish I had gotten a Rx 480 when they where at rock bottom prices (nearing £225 for the 8GB)
 
Thats pretty good going, now wish I had
gotten a Rx 480 when they where at rock bottom prices (nearing £225 for the 8GB)

If you can pick one up cheap they are a decent mining card, with a bit of fettling you can achieve decent hash rates from them. Here is a grab of our cards each one averages 25.5mh/s and are factory oc cards running 1338 on the core I believe, this pool pays out every 0.2 ETH:

 
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If you can pick one up cheap they are a decent mining card, with a bit of fettling you can achieve decent hash rates from them. Here is a grab of our cards each one averages 25.5mh/s and are factory oc cards running 1338 on the core I believe, this pool pays out every 0.2 ETH:



Translate it for me lol


Is it worth doing still? Will it fund a new GPU in 3-4 months time like has been said
 
Well for the RX 480 you have a probable "payback time" of ~45-55 days 24h mining depending on the going rates (with an yearly return of around $1500 but eth will probably crash in the next few months i think)

Good information (ballpark stuff here)
https://www.cryptocompare.com/mining/sapphire/radeon-rx-480-ethereum-mining/


Sorry but that's total **** info (see above) and has been since the day it was published (I almost believed it a year a go). Worst case figures based on a day 1 test with standard hardware settings and beta software. Probably why people often think it's not economical to mine with GPUs.
 
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I mined ETH for 6-7 months last year and that paid for all my hardware so it's just the cost of electricity now. My GPUs have been mining up to $8 each per day for the last few weeks but it's starting to tail off again as the difficulty has started to catch up with the recent price hike. I mine ETC now though and will keep them to see what happens later in the year.

I've mostly bought B Grade open box RX470s so £160 or less apart from a few RX480s when they were £178.00 each. Remember those days! I mod the RAM timings so RX470s mine ~27 MH/s & RX480 ~29 MHs but with deliberately low power settings so core set to 1050-1100 MHz = 0.8875 mV which means about 80-90W per GPU.

This is my most efficient rig below while running Claymore 9.4 for ETH/ETC. It's in the middle for hash as it's using 5 x RX 480 with 4GB RAM so 28 MH/s per GPU.

5GPU_Rig_Claymore9.4_zps2s6nbfho.jpg


I just find all this fascinating! I really like the sound of my computer paying for itself!
 
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