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Why are old GPUs worth so much

Ninja_Ferret

Ninja_Ferret

Ninja_Ferret

Associate
Joined
30 Nov 2012
Posts
289
So I have been thinking about selling my 5770 and buying a new 7870 so I was quite happy that they were still getting a fair price on a popular auction site. I have a older pc and for a laugh I thought I would see how much its GPU (sapphire X1950 pro) was worth and too my astonishment it was worth almost as much as the 5770 and much more than the rest of the components in that pc, are these high prices due to bitcoin mining or what?
 
I know 5 series are popular for bit coin mining atleast, can't say about the other card though, might just be vintage and worth something to someone!
 
Yeah, the 5XXX series hold value well as they are very commonly used for bitcoin mining, though with ASIC bitcoin miners coming out, GPU mining will probably quickly become unprofitable (it is borderline at the moment as it is for most people) and we'll see a large supply of 5XXX cards flooding the 2nd hand GPU market.
 
a 5870 will get you £90-£120 after fee's+p&p on the bay atm, its a golden time for upgrading especially with the games bundles that are being given away with new cards.
i got £96.19 for my 5870 after fee's/p&p, and after buying my 7950 via TCB and selling the games it cost <£100 to swap my 3 year old 5870 with a 7950 WF3.
 
The HD5770 is an anomoly in pricing because a reference model (I.E Sapphire) will drop straight into a Mac Pro and Apple charge just over £200 for one new. Can't tell you why the X1950 has held its value however.

*EDIT*

Having a quick look a X1950 goes for ~£10-15, not sure what you were looking at :S
 
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ubersonic said:
The HD5770 is an anomoly in pricing because a reference model (I.E Sapphire) will drop straight into a Mac Pro and Apple charge just over £200 for one new. Can't tell you why the X1950 has held its value however.

*EDIT*

Having a quick look a X1950 goes for ~£10-15, not sure what you were looking at :S
Click to expand...

£200 for a 5770?!? Surely you can't be serious?
 
I still have a working sapphire x1950 pro,how much is that worth? also have a 5770:D

I might become a miner:eek:
 
Nuclear Fusion said:
Yeah, the 5XXX series hold value well as they are very commonly used for bitcoin mining, though with ASIC bitcoin miners coming out, GPU mining will probably quickly become unprofitable (it is borderline at the moment as it is for most people) and we'll see a large supply of 5XXX cards flooding the 2nd hand GPU market.
Click to expand...

I think most people that mine btc with there gpus are changing over and mining Litecoin instead as its more profitable.

The asics are only designed to mine btc so there will always be a use for the amd gpus on the other coins.
 
you've missed the boat with litecoins as well unfortunately. Feathercoin / CHNCoin is where it's currently at, on the latter with 3x 7970 up until this morning I was earning 400 coins a day (1 bitcoin), difficulty has doubled overnight due to it being 1300% more profitable than bit coin mining, within a couple of weeks this will also be barely worth mining due to the difficulty increase making it much harder to mine and the coin price. With Feathercoins I am lucky if I even get 50 a day now, and it's only been around just over 2 weeks, in a month from now everyone will switch to the next coin due to the lack of return for the effort (IMO unless the share price goes up, which it could well do as undervalued currently).

Any form of mining is only worth doing, if you get on the band wagon very early or have a lot of equipment (several thousand pounds worth) or are into the stocks and shares side of it.
 
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Chrisoldinho said:
you've missed the boat with litecoins as well unfortunately. Feathercoin / CHNCoin is where it's currently at, on the latter with 3x 7970 up until this morning I was earning 400 coins a day (1 bitcoin), difficulty has doubled overnight due to it being 1300% more profitable than bit coin mining, within a couple of weeks this will also be barely worth mining due to the difficulty increase making it much harder to mine and the coin price. With Feathercoins I am lucky if I even get 50 a day now, and it's only been around just over 2 weeks, in a month from now everyone will switch to the next coin due to the lack of return for the effort (IMO unless the share price goes up, which it could well do as undervalued currently).

Any form of mining is only worth doing, if you get on the band wagon very early or have a lot of equipment (several thousand pounds worth) or are into the stocks and shares side of it.
Click to expand...

I would send a pm but this website doesn't have them,

Can you recommend me a good mining pool for chn I will switch my 7950's over to that if it's that good.

Just found a good ftc pool so I will give that ago for a few days thanks for the tip.
 
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