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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!
 
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 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!
 
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
 
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!
 
So the RX480 just sold for £300 after being on sale for about a day.


About to upgrade my wife to a Strix 1070 and then set mine and her rig to mine while we are both in bed/at work. :)
 
I Started my first bit of mning last night. Only using my main rig with a 1080. Set it running at 10pm and up at 6am and its made $2.50 with a prediction of $175 a month. :D Im starting to like this!
 
Money is in my account mate. It's no issue for me. I heard a lot of eastern europe countries snapping them up (must be the cheap electricity). I guess this way he doesnt need to contact everyone and say "can you ship to slovenia" etc. He has something in place.
I would recommend for anyone with a Polaris card right now to either use it to mine or sell it before the bubble bursts.


Same as my wife's card. It went to Italy to a very normal looking account with good feedback. The money they paid meant after fees etc I upgraded her to the Msi gaming x 1070 for about £40 extra. Absolute no brainer for me.
 
We had 200 RX 570 4G land today, the lot sold at £270 within ten minutes. Crazy times.

1070's are nearly all gone and the 1060's are nearly depleted also.

At this rate we will have no VGA to sell, don't know whether this is a good or bad thing.........


its truly crazy times right now and even though I gave mining a shot and ultimately decided against stressing my prime computer like that I get the feeling I will look back to this point in time and think, damn, I should have got involved!
 
Nah, not worth it mate. Think about it. Let's say £180 a months. Minus 50 for electricity. Minus your time setting up all the mining stuff for Ethereum (not easy). Plus stressing your PC.

You are down to pennies a day. And the bubble will burst very soon.


That is pretty much how I viewed it in the end and ive put too much into building my rig for Gaming. Didn't want to risk it for a free lunch!
 
Every component has a warranty though. If your gpu fails then you can rma it and the same is for your psu etc. Stop being a wimp and be greedy ;)


I'll await the news of you starting mining then,... keep breaking bones and you will have to mine to pay the bills haha
 
If I had a clue what I was doing I'd be tempted. My pc has probably been on about 13 hours today so I'm burning electricity like a muppet anyway :(

Its a shame I couldn't somehow use a little Acer mini pc thing I've got in spare room.

It's actually really easy, I figured it out with a couple of hours research.
 
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