News Used GPU Prices Fall Up to 50% in Recent Months as Mining Stops

[Admin]

A new report indicates that the GPU crypto mining market is dying at a record pace. Causing second-hand GPU prices to plummet extremely quickly.

Used GPU Prices Fall Up to 50% in Recent Months as Mining Stops : Read more

 

[aac11005]

Friends don't let friends buy used mining GPUs.

 

[logainofhades]

Friends don't let friends buy used mining GPUs.

I used to buy used gpu's, that were heavily used for F@H. Got a fair amount of use of them, before they died. A mining GPU was most likely better taken care of, than those cards, I bought in the past.

 

[aac11005]

I used to buy used gpu's, that were heavily used for F@H. Got a fair amount of use of them, before they died. A mining GPU was most likely better taken care of, than those cards, I bought in the past.

I get what you're saying. One analogy I've heard miners use is "Would you prefer to buy a newer car with a lot of highway miles, or a lot of city driving miles". It is a lot of miles nonetheless, on a newer product, 24/7. The prices for new GPUs are coming down to the point that, for example, if you were saving those $500 for a 3060ti two years ago, now you can get a new, warranty compliant, higher model like a 3070ti that could last a lot longer than a used 3080 that if something were to happen to it, it could probably not be covered under warranty.

I'm probably biased, but after months, and months, and a few more after that of fighting bots, and reading TH write about "Best cards to use for mining", the idea of helping them make another profit is absolutely beyond me.

 

[logainofhades]

They aren't making a profit. Most miners have taken a big loss.

 

[2Be_or_Not2Be]

I'm surprised the crypto-bros aren't here to tell you how much money they already made, so no big deal if they aren't making anything now.

 

[DRagor]

I'm surprised the crypto-bros aren't here to tell you how much money they already made, so no big deal if they aren't making anything now.

I guess all crypto-bros have been banned already ...

 

[digitalgriffin]

I used to buy used gpu's, that were heavily used for F@H. Got a fair amount of use of them, before they died. A mining GPU was most likely better taken care of, than those cards, I bought in the past.

You do have to admit, after the last crypto crash, most of the support forums in video cards here were of "used video card" status. There's an increased risk. VRM's and memory burn out. Paste caps dry out. They do have finite life span. And Memory is used especially heavy with Etherium. It's a different situation than when it was bitcoin being mined.

 

[LolaGT]

Used mining cards would have to be ridiculously cheap before I would consider one, as it has to be looked at as a losing bet, meaning don't spend money unless you are already writing it off as a total loss.
How much would you be willing to lose buying a 3080 that might die in a couple months with no chance of recouping any money?

 

[daworstplaya]

Great news. I hope people avoid those used cards like the plague. It's time for most people to buy reasonably priced new GPUs or wait for the next gen cards to come out later this year. Just remember the AIBs that sold pallet loads of GPUs to miner directly and ignored gamers during the pandemic when there was serious need for GPUs by gamers.

 

[Zescion]

I used to buy used gpu's, that were heavily used for F@H. Got a fair amount of use of them, before they died. A mining GPU was most likely better taken care of, than those cards, I bought in the past.

I had a single opposite experience. In times when I naively ignored cryptomining even existed, I bought a used R9 280x "previously used in a server". It suffered flickers from day one and I had to significantly down clock the memory to make it usable. Inevitably the issue got worse and I finally replaced it with a new card.

It could be a single bad experience, but now I highly value a new product with OEM warranty, not to mention that many credit cards automatically extend your warranty for new products only.

Plus, look at those eBay listings: 50% less than few months ago, but asking around MSRP for a used card. where's the deal?

 

[Berry Whyte]

50%? I just did a search in eBay, Kijiji and Craigslist for a 3090 and none were even close to 50% cheaper.

 

[logainofhades]

50%? I just did a search in eBay, Kijiji and Craigslist for a 3090 and none were even close to 50% cheaper.

The key phrase is up to 50%. Not all cards will see such a discount. Top tier cards hold their value longer, so don't expect a huge decrease, in price.

 

[SyCoREAPER]

Never buy a miner card. You have no idea the environment it was kept it. If it was dirty, hot, run 24/7, overclocked, all factors that would significantly shorten the lifespan