Miners flood market with GPUs they no longer need as cryptocurrencies crash

The idea of paying ~ $1000 for a video card is incomprehensible. They deserve to lose their butts.

I can see why someone would want one of these video cards, but in my case, I'm just gonna sit back and watch these damn scalpers squirm and lose their ass on their stock. I am sick and tired of scalpers.

On 21/06/2022 at 01:40 PM, Krieg121 said:

I can see why someone would want one of these video cards, but in my case, I'm just gonna sit back and watch these damn scalpers squirm and lose their ass on their stock. I am sick and tired of scalpers.

Scalping pretty much stopped in the UK once retailers started bumping up prices to well over RRP which was over a year ago now. There is stock, just stupid pricing although prices trackers have been showing a downward trend the last few months which is good.

I know the article said might not be a good idea to buy a used GPU that was always on and especially always in a 100% load for months at a time etc. but as long as they are cooled reasonably, it should not matter too much, right? ; sort of like a CPU being always 100% should not matter too much if the temps are in a safe enough range it's probably not going to significantly effect the overall life of it.

not that I am buying a used GPU @ $350 anyways though. because my mindset is $200 tops for a GPU (and this is new) with semi-rare exceptions.

but hopefully GPU's in general (like new ones) return to sane prices (like getting a decent new one for $200 tops) in the near future. either way, I am going to try hanging into my 1050 Ti 4GB as long as I can as this way when I do upgrade years from now ill get a even larger performance boost for minimal $. but I suspect even when I do get around to getting a new GPU years from now, ill likely have to opt for a new build given my current board/CPU is pretty much 10 years old already (had my motherboard since May 2012) and while I imagine a newer GPU will help performance on my current setup, I suspect when it comes time for a new GPU ill be better off just building a new PC pretty much.

On 21/06/2022 at 01:44 PM, ThaCrip said:

I know the article said might not be a good idea to buy a used GPU that was always on and especially always in a 100% load for months at a time etc. but as long as they are cooled reasonably, it should not matter too much, right? ; sort of like a CPU being always 100% should not matter too much if the temps are in a safe enough range it's probably not going to significantly effect the overall life of it.

not that I am buying a used GPU @ $350 anyways though. because my mindset is $200 tops for a GPU (and this is new) with semi-rare exceptions.

but hopefully GPU's in general (like new ones) return to sane prices (like getting a decent new one for $200 tops) in the near future. either way, I am going to try hanging into my 1050 Ti 4GB as long as I can as this way when I do upgrade years from now ill get a even larger performance boost for minimal $. but I suspect even when I do get around to getting a new GPU years from now, ill likely have to opt for a new build given my current board/CPU is pretty much 10 years old already (had my motherboard since May 2012) and while I imagine a newer GPU will help performance on my current setup, I suspect when it comes time for a new GPU ill be better off just building a new PC pretty much.

There's no way to know if it was cooled properly, it's not like any miner is going to leave money on the table by admitting that so anyone buying one would have to assume it's been mined to death and isn't going to last very long.

Then you have the problem of not having a warranty, on a part that's been heavily used.

Lastly, I'd refrain from buying one just to discourage miners (if only by a little) by sending the message that they can't expect to cash in when the market takes a nosedive. Although realistically expecting a united front by gamers on not buying up mined cards is... yeah, not very likely.

FYI The CPU comparison doesn't work because it almost is never running at 100% and spends most of it's time at 1% to 3% usage as we are using our PCs only part of the day.

The fact is GPUs used for mining have a fraction of the life of a GPU in a desktop PC.

On 21/06/2022 at 02:29 PM, Good Bot, Bad Bot said:

FYI The CPU comparison doesn't work because it almost is never running at 100% and spends most of it's time at 1% to 3% usage as we are using our PCs only part of the day.
The fact is GPUs used for mining have a fraction of the life of a GPU in a desktop PC.

Besides, from what I know, they are typically undervolted for less heat, so that adds up to the mining vs gaming wear.

The components in the card are going to be right up near their expected life cycle if used for 24/7 at full kilter. If the market does get a sudden influx of used graphics cards and miners don`t want to buy them, the price will surely come down. The sellers will probably want some return, rather than them just sitting there...Say it quietly, but GPU`s could become a buyers market!

Most used cards should be below the 300$ mark since their life has been cut by half or more by all the 24/7 mining.