Rx480 prices.... mining?

doodah · 29 Jun 2017 at 13:29

Someone on eBay just offered £100 for my 290

iamthenugget · 29 Jun 2017 at 13:31

doodah said:
Someone on eBay just offered £100 for my 290

what a chancer

Lustral · 29 Jun 2017 at 13:44

I sold my New Asus Dual OC RX480 8Gb that i got as an RMA for my 290X to a work colleague for £160 ... should have kept it really. Ah well

ubersonic · 29 Jun 2017 at 14:11

Lustral said:
I will have my Nitro RX 480 OC 1342Mhz as surplus soon , as i have a 1080 FE incoming , what would be a reasonable amount i should flog this for ?

Don't sell it until you get the 1080 FE, in case the noise drive you insane. Wouldn't wanna be without a card if you return/sell the FE.

Lustral · 29 Jun 2017 at 14:14

ubersonic said:
Don't sell it until you get the 1080 FE, in case the noise drive you insane. Wouldn't wanna be without a card if you return/sell the FE.

Obviously , i will have a good tinker / play with the 1080 FE and see how i get on with it. I blame the PUBG game and the cheap pricing of the 1080 that made me upgrade .... i only had the RX480 for 3 months .

Gerinako · 29 Jun 2017 at 22:56

Spied a dual fan 1060 6GB for £240 - tempted to fold - £70 over and above what I originally wanted to spend on a 570

Hnnnnng what to do

iamthenugget · 29 Jun 2017 at 22:58

Gerinako said:
Spied a 1060 6GB for £240 - tempted to fold - £70 over and above what I originally wanted to spend on a 570

Hnnnnng what to do

Thing is if u don't take it at that price how long will it be until u find a card at a decent price again???

Gerinako · 29 Jun 2017 at 22:59

iamthenugget said:
Thing is if u don't take it at that price how long will it be until u find a card at a decent price again???

That's whats killing me in the decision making! :mad:

iamthenugget · 29 Jun 2017 at 23:04

Gerinako said:
That's whats killing me in the decision making!

Now the question is are u looking for a reason to buy or a reason not to buy

Bonjour · 30 Jun 2017 at 09:51

£500 for a pair of 390s. Can't argue with that..

I'll sell my 290s this weekend. Funnily enough, it seems it's the reference models most in demand, of which I have 3. This is practically going to pay for an entire Ryzen setup, minus GPU.

iamthenugget · 30 Jun 2017 at 09:55

Bonjour said:
£500 for a pair of 390s. Can't argue with that..

I'll sell my 290s this weekend. Funnily enough, it seems it's the reference models most in demand, of which I have 3. This is practically going to pay for an entire Ryzen setup, minus GPU.

nice certainly cant complain with that now can u

Gerinako · 30 Jun 2017 at 10:49

Bonjour said:
£500 for a pair of 390s. Can't argue with that..

I'll sell my 290s this weekend. Funnily enough, it seems it's the reference models most in demand, of which I have 3. This is practically going to pay for an entire Ryzen setup, minus GPU.

Is that minus GPU because no GPUs are available to be bought?

Gibbo · 30 Jun 2017 at 10:50

Had a 1000W Superflower sat at home from my old PC, was a couple years old but thought why not throw it on ebay and see what it fetches. £155 !

iamthenugget · 30 Jun 2017 at 10:52

Gibbo said:
Had a 1000W Superflower sat at home from my old PC, was a couple years old but thought why not throw it on ebay and see what it fetches. £155 !

wow thats a nice return. i remember yourself i think it was mentioning that higher rated psus were running low on stock as well.

its crazy the extremes these miners will goto however there must be serious money to be made in it as well

Gibbo · 30 Jun 2017 at 11:09

iamthenugget said:
wow thats a nice return. i remember yourself i think it was mentioning that higher rated psus were running low on stock as well.

its crazy the extremes these miners will goto however there must be serious money to be made in it as well

They are making serious money, huge amounts of money in some countries the electricity is also free if you know how to splice into the power and not pay for it.

So they are raking it in, sold another 200 units 1080Ti over night which 100 was to one customer, the other 100 were gamers as we've got a great deal on the Asus 1080 Ti's which are a favourite amongst the gamers.

TheMorningStar · 30 Jun 2017 at 11:57

Looks to be around 100usd profit, per card per month on AMD 480 or any of the cards in that spectrum, notably but not massively less on Nvidia counterparts but with lower power consumption. But seeing cards at the £600 mark on 580's is insane and a massive gamble. You should make your money back, regardless, unless they become worth less than the electricity cost to make them. You can actually make more money with speculative buying of emerging currencies. The cost of a 2 grand mining rig would have earned you well over 50 grand in the space of about a year.

iamthenugget · 30 Jun 2017 at 11:59

TheMorningStar said:
Looks to be around 100usd profit, per card per month on AMD 480 or any of the cards in that spectrum, notably but not massively less on Nvidia counterparts but with lower power consumption. But seeing cards at the £600 mark on 580's is insane and a massive gamble. You should make your money back, regardless, unless they become worth less than the electricity cost to make them. You can actually make more money with speculative buying of emerging currencies. The cost of a 2 grand mining rig would have earned you well over 50 grand in the space of about a year.

if thats the case then thats great return

DragonQ · 30 Jun 2017 at 13:23

iamthenugget said:
if thats the case then thats great return

If you got in at the right time. It's not as easy as it sounds, all of these people buying cards for £500+ for mining are not going to get anywhere near that return as they are jumping on the bandwagon relatively late in the game; difficulty will increase and the price will crash (before recovering somewhat). It's a regular pattern with cryptocurrencies so you have to be smart/lucky/bit of both to pick the right ones at the right time to make any serious dough.

silversurfer · 30 Jun 2017 at 17:27

How does that compare to 2k just spent on ETH a year ago. Some giant events happened, the whole currency split in two and they suffered a giant failure. It turned from one negative extreme to the current boom.

When they said you would have made, that also means never taking any profit and gambling all your elec cost would be paid off with this happy ending. The more regular profit is still nice (presuming 580 release cost not this now) but its less then the previous gamble

Bonjour said:
it seems it's the reference models most in demand, of which I have 3.

Are they not the slimmest cards, for miners who want to stack them in multiples thats fine and they'll throw some delta fans on there.

sastusbulbas · 1 Jul 2017 at 12:29

I have had a quick browse through this thread, still don't fully understand mining.

Do you need an internet connection for the mining itself?

Is it worthwhile with old hardware?

I have a spare parts pc sitting unused, G3258, Gigabyte Z97X-SOC, 8gb of ram with two MSI 7950 Twin Frozr's in crossfire with a CoolerMaster 1000w psu.

But currently no internet at home.

Any ecconomical way to mine with this or is it better sold off.