anikanbounty97 Really bad taste politically incorrect answer: This question could have just saved thousands from being chased out of South Africa. Heck, you may have just saved Brett!
Crzces - Good point! Are they after "farmers" in general?? We may see Brett here in Australia before long, unless the leftists stop us from helping the farmers there. I'm gunna put a pile of rocks around my rigs regardless. I'm no bloody farmer.. I know what farmers can be like, being friendly with their livestock when it gets cold n stuff... hmm
110% GPU mining is dead so if in Australia just give them to me I have a nice GPU retirement village set up. Gentle walks with Alt coins and undervolting for days I promise that they will live out there days in happiness.
I agree, I am mining with what I have, stopped hardware purchases and am investing in coin. Don't get me wrong, if pricing of GPU turns around I may purchase, but for no I am a coin buyer.
anikanbounty97 As crappy as it is, it could be way worse in the US with the absolute free market. I just found out that even with my insurance which is...very good, a prescription I just filled cost less than 1 penny per pill to manufacture, has been out 11 years, and costs $3 usd, 300x the cost of production. This is a run of the mill antibiotic. A cancer med whose name I can’t recall was sold for $50 per pill when it hit the market 10 years ago (it’s 5 years on medication patents before they can make a generic version which needs to be 66% as pure as the name brand). At 4 years the patent was sold to a small pharmaceutical company, who promptly raised the price to $350 per pill. No generic was made at the 5 year mark, and the pill has gone up yearly, now costing over $1500 per pill (it’s a twice a day possibly rest of life pill. Non narcotic, it’s a stabilizer/suppressant that stops many forms of brain cancer damage from progressing, along with slowing ALS, Alzheimer’s, was showing profound effects on people with post concussive syndrome). The pill costs $0.97 cents to manufacture, r&d was paid for before the parent was sold, so again, it could be far worse. All that said, I don’t get it. Companies need money. People need money, but a fair (equal and even value for trade of goods/currency) then 99% of corporations (lower for non-profits but in most cases still silly high profit with different loopholes), and I’d assume 75% or so of people will try to get more money than they deserve. For example, it’s rare that someone says “No, you are charging too little, I’ll give you...” I’ve seen Linus do it. Brian from Tech Yes City, and a few others do it with used tech related things, but it is rare as heck, especially in business where making money can still cost you a job if it’s not “enough”.
I agree with you about mining gpus usually being pretty safe buys. My 380x is closing the 1 year of constant mining, undervolted and underclocked, kept under 70°C at 75% fan speed max. I don't know about huge mining operations with hundreds of cards though, they probably don't care as much about individual cards as us amateurs do.
I suppose it is a bit conceded from me to say that I was able to buy a lightly used 1070 FTW from a buddy of mine for 250$. He never mined with it, just gaming. He swapped it for a 1080Ti when they launched. I think it was a very fair price, even if they were MSRP right now.
Been using a mining Sapphire 7950 for 2 years now on my "gaming" PC. No issues whatsoever. It had mined back during the first GPU mining craze 2013-2014 or whatever.
Buying a used mining card should be the last on the list of options. ICs function at specific voltages, chip enables, gates, etc... Under volting is not some magic pixie dust that extends a cards life. 24/7 use versus a daily gaming session is not comparable. You should know, as stated in the video, the value of the current generation cards will drop. Going from gddr5 to gddr6 is going to make the drop off steeper. If you do buy, it should be significantly under msrp.
Ludak021 called having principles and not rewarding the ass hole responsible for the spike in prices by buying a abused car for double MSRP. That’s why
hell ya its about time i been telling ppl not to buy those used gpu's for awhile now but no one seems to listen to me they all wanna argue with me about it so its good to see a you tuber finally say what ive been saying for months
I have been looking for 1080 Ti that were used for mining at around $400 but no dice. Miners REALLY want to rob you while still selling you a GPU that could fail within 6 months to 2 years. Warranty promise sounds nice at the beginning but there are problems with that. For one, you do not know how long the seller will keep that promise. Will the seller still keep that promise after a year? Also, how good is the warranty when the manufacturer questions the cause of the failure? Not all GPU company will honor their warranty for any fault (beside self-inflicting damage).
Oyamada 13 : the graphics card you buy new today could fail within a week and the retailer/manufacturer may not honour the warranty. Have you ever tried to get warranty on a computer part?? I can tell you, it's NEVER straight forward NOR easy. Mining cards are NO different to any other card, they work or they don't. How long they work for is just a crap shoot. What you're saying is, that a CPU sold as the result of a 6 core failing QC and having 2 cores cut out, is a crappy purchase when you're probably running on a similar CPU right now! Awful lot of propaganda in the computer industry. Only outstripped by the number of armchair experts that are employed in non tech industries spouting off their opinions with gay abandon as if they are an authority on the subject because they read P.C. mag every week.
@Jimmeh B I was able to RMA two motherboards, 1 set of RAM, 3 CPUs, and 1 hard drive. I guess I follow instruction and I was lucky I got a competent rep. I never have a graphics card failure within 1-2 years. I only have one that held its own for 5+ years, GTS 8800.
Brett, you're spot on. Besides, if people start jumping on t hr em as they stock up the prices ain't going down. Demand will always win and controls all outcomes. If demand goes up now, no good deals. Wait a little and watch it go down. A car that's been sitting on the lot for a year will be marked way down because the dealer needs to move the stock at any and all costs. Same principle.
A few weeks back I put a used RX 480 4gb (used for gaming and game development) I purchased over a year ago on ebay, and people bid all the way up to $290 CAD. I originally spent $280 CAD on the card. I was only expecting half of what I spent on it at best. I ended up making over 100% of my money back. This GPU drought has made spending go crazy.
I totally agree. Just because ram costs are up 20% does not translate to a 20% total cost of card increase. Last I checked the ram is only one part of the card.
i got my 4gb r9 290x from a used for about $200 CAD back in 2013/14 and its served me well and still works great. time to upgrade to vega, i have no issues with used cards or anything like that, people just need to understand that used tech drops in value a lot regardless of how much they paid for it.
I got a GPU from a Miner but the thing is, he didn't actually get to mining with it (and I believe him I'll tell you why in a sec.) I asked him about why he was selling it somewhat low (like 100 off the regular 700 dollars.) He told me he was QUITTING mining and that he had over 400 GPU's, also that he hadn't even get to really mine with the card I bought from him (a 1080 from Gigabyte) and that it was just basically an open-box item. Anyway. The reason I believe him is because right after I bought this GPU from him, he listed like 10 different GPU's (Mid level and high ends like the 1080 and 1080Ti's) also, I believe he didn't use mine because he had all the parts for it, the box too and it was in like-new condition (Honestly looks BRAND NEW) when I got it. Aside from this I noticed there was no fingerprints AT ALL on the card. (I got hella fingerprints all over it myself and it was basically impossible that he could've just avoided getting a single smudge on it.) It really doesn't look like he just wiped it off either.
I agree with two of the three points that you make about miners taking care of their equipment. Yes, undervolting is important and low temps are good, but there is no proof I have seen that shows that overclocking puts any undue strain or reduces the life of a gpu.
So, I've been looking at the listing on ebay for almost the past two weeks. Prices are dropping, but the going price for an RX 580 is between $310 and $230. This is nowhere close to what used RX 580s should be going for which would be somewhere between $90 to $150 at the least. (taken on a case by case basis, it could be lower) It's funny seeing some of these sellers with their bulk GPU listings going for +$1000 and the miners looking to sell their whole mining rigs. Most of the miners kept mining until price of electricity > profits from mining before selling their mining rigs. The problem with this strategy: other miners where doing the same. At the end of March, many of the DIY miners went to pay their power bills and probably realized that it was great during the winter when they could use their mining rigs as space heaters, but now that they have to turn on their ACs, their profits are virtually gone. Miners are, thus, selling not to other miners, but primarily to gamers. Now is probably time to sell a GPU for several reasons. First, I've seen the pictures of the mining rigs with +8 RX 580's. Knowing that gamers will demand at most two cards (for crossfire or SLI configurations), I wonder if there is enough demand for all of those cards before supply overruns demand. Right now, people on the upper end of the willingness to pay spectrum are buying there used or used-new cards (cards bought second hand, but still in their original plastic) at the above said going price, but once those buyers are exhausted, the number of seller will only rise until the prices drop. Second, many of these cards such as the RX 580 or Nvidia 1060 are older technology or are effective osborned. Its sad to say that tech like CPUs or GPUs have product and market characteristics that makes the used tech market similar to supermarket products (how many people are buying GPUs from the mid 2000s?) and the collage textbook scam, respectively. If a new GPU is bought from a retail store before a new product is released, at best, that GPU can be returned to the store for a full refund; otherwise the seller of that GPU might get a fraction of the original retail value. Please keep in mind that brands such as Zotac, XFX, PowerColor, Sapphire, etc. have warranties tied to the purchaser rather than the serial/model number. So, even if you buy a used-new card from a seller on ebay, you will not get a warranty. For brands such as ASUS or MSI, these companies have nasty discretionary clauses that might allow an RMA if a used-new card is DoA, but I can't guarantee that. As always: buyer beware. I don't like to be the provider of bad news, but I can't rule out a second parabolic event (a double bubble) for Bitcoin. Several alt coins such as XPA have had such double bubbles. But, if you google "example of an economic bubble" and find the image for the stock bubble in the 1980's, it looks almost the same as Bitcoins valuation. If both that image and the assumption that Bitcoin is a bellwether for the cryptocurrancy market are correct, the price of Bitcoin could continue to decline. I've also done some estimates by observing the price of Bitcoin before and after the 2013-14 bubble and made several rough estimates using the price of Bitcoin before its recent parabolic event. It appears that Bitcoin might drop another $2500 to $3500 more in valuation. Taking an optimistic linear projection, Bitcoin could decline gently from this point forward, but another linear projection suggests a steep drop some time later this month or the next. This drop might start with the troubles surrounding the Bitfinex-Tether relationship. (look it up)
A professional mining farm vs a person who runs their computer a few hours a day between overclocking experiments, gaming and "homework", something tells me the miners gpu would be in better shape when they are reselling.
Great thanks for the heads up Brett, most people will be listening to you because it's really good advice. However, buy when there's bloods on the streets, those used graphics cards ain't going to be sold at high prices cuz it's not profitable, this is an opportunity to low ball rigs like 10x1050Ti. Guess what, even low balling prices might be attractive for sellers because almost no one else are offering higher. I just got a 4x1050ti rig for about $625 where I stay, that's a pretty good deal if you ask me.
The day either mining collapses or the difficulty outgrows the hardware, i'll just keep the nicer cards for myself (1060s and up) and give the lesser cards (1050s) away to friends. Selling used computer stuff is just an overall pain.
well sadly yes... not for long though. I'd wager that if practically no cards were bought world wide for a only a month, it would trigger a MASSIVE reaction from the manufacturers. Just the same as the ONLY thing that controls the price of petrol is the level of the fuel in the tank farms. irrespective of the bullshit about the price of crude in Albuquerque, they can't slow the blenders or the refinery down, it's horribly inefficient and a shutdown is out fo the question because they take 6 months to start up. So if the farm gets full, they drop the price. THE HARD PART is getting EVERYONE to boycott ONE company for a month. The disruption caused would be long felt.
I think it's fine if it still has a usable warranty and a good price which would depend on the brand. Even a good deal of "gamers" mined might as well just avoid used completely. My strix 1070ti even late January was only $50ish over msrp ($525). The 1080ti was msrp as it was way back shortly after launch.
I can confirm that I run my GPUs under-volted, low clock settings, lowest fan speed that can sustain a decent temperature. But I also overclock the memory and have tighter timings. If buying a card that was used for mining, you should under-clock the memory a bit, just to be safe. The GPU should be fine at stock speeds.
Beginning to enjoy following you but please don't get too serious. I mean your information is very valuable and important stuff, but how you tell us is entertaining. I see more edits in other videos. I know it takes more work but you really are funny. I mean that in a very complimentary way. Keep it up.
I bought a used R9 390 that was obviously abused to all hell in a mining rig. The fans on it were so warn out, that if you manually spun it - the second your finger left the fan, it instantly stopped spinning. When it's in use, the fans grind and it heats up to 95c. I contacted the seller asking if it was ever used for mining, they played it dumb asking me "what's mining?" then I check their other items for sale - and would you look at that, they have about 20 R9 and RX cards for sale, some of them even have "mining" right in the title. What's worse is I contacted the seller to get a refund... and they sent me an E-Check that bounced. I expect them to be deleting their account shortly. Hopefully Ebay covers me :\
I agree, prices are too high and not priced right. It's the dark ages right now. It is nice to see some stock in stores though right now. At least you CAN buy a gpu... if you want to get shafted on the price.
It isnt about buying used mining card because it has been mined on, but the prices for used cards are terrible. R9 290s for $200+? 970s for the same? 770s and r9 280s for $150? sigh
The components like the memory inductors and the mosfets are not designed to be run at 100% 24/7 on consumer cards. If you buy a used mining GPU, be prepared to replace those mosfets and inductors because they will die.
Sure a lot of responsible long term miners dont ruin their equipment, but its not those long term guys that are the first ones to panic selling because they got into mining late for Get-Rich-Quick. So its those guys Get-Rich-Quick guys that ran as hard as they can for quick Mine & Dump2Fiat that over worked their cards and now sell them claiming to barely run them at all
I don't buy any second-hands GPU in general but certainly not in such a period for this simple reason: I don't want to reward those 'miners' in any way because I dislike 'miners'. Not only because they made graphics cards ridiculously expensive, also because it is insane for our environment. Not that all of that 'mining' is bullshit, there is some use for it, but it seems to me that we shouldn f* up our plane even more just for that. Having said that, I most certainly agree. Be patient and wait it out! The prices will drop further, once the prices on the secondhands market drop enough and new cards are available in retail then the prices will drop much more and much faster.
Not really seeing where my mind isn't made up. I think the main problem is that people assume I have to be isolated on either side of the fence, which is fundamentally untrue. The subject matters I'm covering aren't mutually exclusive & I won't treat them as such regardless of how much others try to pigeon hole my positions.
BuzzKil1 Or... you thought you had found a video to feed your hate and it turns out to be like all rational and reasonably argued. How disappointing for you.
Actually no hate, i dont bother hating and actually do enjoying some of his videos he makes. Now only because i called him out on his controversial topic does mean i hate him, shit i dont even know him, its just within a week change his mind a couple of times doesnt look pretty. But that is just my opinion, no offense intended just my observations.
I had a 6x GTX 1070 mining rig before I sold it, ran them each at a 100W power target (down from 150W stock) with as low voltage as the card would stay running with. Temps barely ever got above 55C (after market coolers though).
Questions: is it worth it to buy at MSRP on a founder's edition card? You can get lucky by checking the nvidia website (I scored a 1070 yesterday). Also, is it smart to sell old cards right now? Say on a gtx 780, better sale price than, say, 6 months from now?
When Bitcoin crashed in 2014, I was able to purchase a Sapphire R9 270X Vapor X 2GB card, for $95 in September of that year. MSRP on that card was $199. So, if history repeats itself, if you are patient for about six months (maybe less if Nvidia releases new graphics cards), then you could potentially get a used gpu for 50% below msrp. Imagine picking up a GTX 1070 for $200?
In my opinion, there may be a brief downturn in the pricing towards MSRP. But with the new cards having new technology like the tensor cores, which are estimated to tack on at least $100 over what we consider normal levels of MSRP for the 80 or 70 series cards. Plus the new technology they're using for the memory modules on the cards( ddr 6) it adds up to these new cards being quite a bit more expensive than what we're used to. And if there is another miners craze you can forget about it. Not to mention the next gen cars are going to be beasts in the realm of miner cards. So am I opinion if you think that things are going to go back to court on quote normal with all these variables at play. you're not thinking very hard.
that's a 4 thread quadcore, i wouldn't buy that in any system. i would have pushed your friend to the r5 1600 at all costs, literally a whole new level and much more future proof and am4 socket upgradable and overclockable. if u calculate 260 dollars the current price of the graphics card u're left with 380 dollars for the rest of the system. going with the 180 dollar r5 1600, leaving 200 dollars for all the rest, which of course would be to little, so i would have made my friend spend a 100 dollars more i guess to get to the r5 1600 with decent other components. for reference i have a 4 thread quadcore, that is now 5 years old.... i5 2500k at 4,4 ghz and the i5 7500 is just barely ahead of my chip, so 4 c/t is old and no longer the wae, thank fuck to ryzen! were it not for ryzen, it would have been sandybridge type performance and threads till the end of time if it goes by intel.
I am not a major miner nor am I a fan of those big 100+ GPU farms that people have, but I disagree big time about buying a used GPU that was used for mining. As long as the BIOS was not flashed or any other modifications that could void the warranty, a GPU that was used for mining is often in much better shape than one that was used for gaming. Think of it as a light bulb. A mining card is left on for long durations while a gaming card is constantly flickered on and off. The flickering effect is much more harsh on a card.
VeeTravels True, but we shouldn’t be buying a USED graphics card for MSRP, that just means it’s overpriced. Also, they might be overclocking (if they’re not knowledgeable enough to underclock), it’s a SLIGHT risk, but it’s not worth taking, also the fans are used more often, so those are not going to last as long.
Heat overall will kill all electronics and that is the major worry of buying used. The flickering is irrelevant. a light bulb doesn't have capacitors or complex integrated circuits. apples to oranges comparison. unless you unlplug your pc the capacitors never discharge so that actually has no affect on the card. What does is constantly running it and constantly exposing it to heat and dust.
Not even just heat, but hours on any capacitor adds to decay heat adds to that reducing lifespan. Regardless buying formerly mining GPUs is stupid and makes buying mining only pointless for miners because they can buy gaming GPUs and resell them for a good price afterwards its that exact reason why mining cards only accounted for
I don’t get this - why do people care about the time to failure on a mining GPU when even if worked 24/7 for a couple years it will still have 3-4 years left in it easily?! As you said, fans are the only component that might be affected, and they can just be cleaned properly or even replaced in worse case scenarios. I would be happy to pay the same price for a ‘mined on’ card as a ‘never been mined’ one, possibly even prefer them as I trust there is less chances they have been heavily OCed and abused by gamers.
Also have to mention that whattomine is not necessarily the way to go for your mining calculations. General overview yes or "mainstream mining" yeah sure, that's also the reason profitability plummets once TH-camrs announce a new change. But "real mining" is still scanning the dirt, planning forward, not necessarily mining the most profitable but mining what projects you believe in etc. Not everyone runs his business according to mining calculators and mining has been around long before Ethereum =D
Ehhh. I'm pretty sure I bought a used R9 270 that was used for mining. Got it for $74. Guy said he 'didn't' use it for Litecoin mining, never got around to it. However, I'm guessing that was just something said in the info to entice buyers. It's taken a decent little overclock, over 1GHz, bumped the VRAM over 100mhz, no voltage bump, good temps. I wouldn't mess with the higher end cards for a while. Leave them alone for another couple months.
You are right on the money, dont buy and the retailers will have to lower their prices. Some coins will still be worth mining in the long run. But monthly payouts will be non existent. Faith in the coin to moon will be your reward. Been mining since 2014 and bitcoin really suprised me. Hated the $600.00 to $800.00 electric bills , but sold 1.479 BTC and paid off my house. Mining is a lot like a slot machine...
Unless i can personally inspect the pcb and stress test it. I would spend anything on it. Its like buying a used car, you take it to a mechanic to inspect it to know what needs to be done. Otherwise its taking a chance
Idk about you but I recently purchased 2 miner cards a 1080ti that was Mined on for 1 year and and a Vega 56 that was pushed hard for 2 months both cards are running like a champ! No problems gaming, No problems with the fans and or Overclocking! So idk where you got the don’t buy miners cards when you can do research and ask the miners how the cards have been handled!!
![SAFEPLANET - ดาวเคราะห์ [ THE PLANET ]](http://i.ytimg.com/vi/4X1XL3I_k3c/mqdefault.jpg)
Shouldn't a crypto mining farm be called a quarry rather than a farm?
crypto quarry
i like that
if i name my little selection of miners that i might need to reinforce my door.
anikanbounty97 Really bad taste politically incorrect answer:
This question could have just saved thousands from being chased out of South Africa. Heck, you may have just saved Brett!
I see a rundown movie meme here.
Crzces - Good point! Are they after "farmers" in general?? We may see Brett here in Australia before long, unless the leftists stop us from helping the farmers there.
I'm gunna put a pile of rocks around my rigs regardless. I'm no bloody farmer.. I know what farmers can be like, being friendly with their livestock when it gets cold n stuff... hmm
Craig Jones Gheesh man, it was only once and the sheep is fine...
TL/DW: Don't buy used GPUs they're too expensive still.
Mining is dead give gpu to me :0
110% GPU mining is dead so if in Australia just give them to me I have a nice GPU retirement village set up. Gentle walks with Alt coins and undervolting for days I promise that they will live out there days in happiness.
I buy your used gpu : )
Lol brandon is my competitor here. Hi brandon,
Looking for free rx580 would be appreciated
It may be if you are paying a ton for electricity. Thankfully for us.... cheap power bby.
Brandon is in the house
i think christmas will come early for gamers XD
not early enough
Dont buy heroin
Job91 herocoin
john smith heroincoin
Job91
Damn. I was just about to
good for you! less deadly than licking graphics cards
Saiko Smith does herocoin lead to harder cash?
Watching this vid today really amazes me. Your speculations are happening right now. Cheers.
Don’t buy cards, buy coins! Crashed market isn’t a mining market. It’s an investors market 👍
Blaze Dutch what im going to do with facebook stocks
Rusty Debier It kinda seems like we found the bottom but i dont think so, one or two weeks staying at this level should confirm this.
sell ur gpu,sell ur coin and buy a farm and an andriod, gonna catch em all.....
I agree, I am mining with what I have, stopped hardware purchases and am investing in coin. Don't get me wrong, if pricing of GPU turns around I may purchase, but for no I am a coin buyer.
a good indicator is looking at the market cap overall... we were at 245B a couple weeks ago now were at almost 300b so soon itll come back up.
Lol I've been telling people not to buy, if we wait till next gen they'll be worth nothing
Some miners take pictures with their gpu inside a pc and try to sell it as non mining card be careful lol
Im guilty bro ahahahahaha I just sold 12 1050ti gpu same price i bought back then lmao
MrDoboz no u
Mark Anthony Aspiras :DDD
lying to people is not fair, right?
MrDoboz its a scummy thing to do, yes
Don't buy until the next gen AMD/NVIDIA GPUs hit the market. You'll then be able to pick those used mining cards at a very cheap price.
Screw that, ill just buy the next generation of cards and be done with it for the next 3 years.
This loop never gonna end till your inner child forces you to get it right now
It's the best time to mine. Not to buy gpus
lower diff, more coins for me :D
Son of a Tech why the dif still so high and new asic with 220kh/s for cryptonight !!! Try to top that
MedKiss, there are hundreds of coins to mine, not just the big 5
Jordan Zangara just a short time fix
RWBimbie like .com bubble lot of companies and just few good ones
Miners still finding ways to screw people on both ends. I’m finding more reasons to dislike them than forgive them Brett.
anikanbounty97 As crappy as it is, it could be way worse in the US with the absolute free market. I just found out that even with my insurance which is...very good, a prescription I just filled cost less than 1 penny per pill to manufacture, has been out 11 years, and costs $3 usd, 300x the cost of production. This is a run of the mill antibiotic.
A cancer med whose name I can’t recall was sold for $50 per pill when it hit the market 10 years ago (it’s 5 years on medication patents before they can make a generic version which needs to be 66% as pure as the name brand). At 4 years the patent was sold to a small pharmaceutical company, who promptly raised the price to $350 per pill. No generic was made at the 5 year mark, and the pill has gone up yearly, now costing over $1500 per pill (it’s a twice a day possibly rest of life pill. Non narcotic, it’s a stabilizer/suppressant that stops many forms of brain cancer damage from progressing, along with slowing ALS, Alzheimer’s, was showing profound effects on people with post concussive syndrome). The pill costs $0.97 cents to manufacture, r&d was paid for before the parent was sold, so again, it could be far worse.
All that said, I don’t get it. Companies need money. People need money, but a fair (equal and even value for trade of goods/currency) then 99% of corporations (lower for non-profits but in most cases still silly high profit with different loopholes), and I’d assume 75% or so of people will try to get more money than they deserve. For example, it’s rare that someone says “No, you are charging too little, I’ll give you...” I’ve seen Linus do it. Brian from Tech Yes City, and a few others do it with used tech related things, but it is rare as heck, especially in business where making money can still cost you a job if it’s not “enough”.
That's why I say they are cancer to PC gaming industry and GPU marketing.
anikanbounty97 greed is good
Yeah...best advice is buy the new gpus coming soon at inflated prices! Pay up to extra 50% for just a 5% bump in performance is the smart move.
Honestly love this format - keep it up
I agree with you about mining gpus usually being pretty safe buys. My 380x is closing the 1 year of constant mining, undervolted and underclocked, kept under 70°C at 75% fan speed max. I don't know about huge mining operations with hundreds of cards though, they probably don't care as much about individual cards as us amateurs do.
I suppose it is a bit conceded from me to say that I was able to buy a lightly used 1070 FTW from a buddy of mine for 250$. He never mined with it, just gaming. He swapped it for a 1080Ti when they launched. I think it was a very fair price, even if they were MSRP right now.
Been using a mining Sapphire 7950 for 2 years now on my "gaming" PC. No issues whatsoever. It had mined back during the first GPU mining craze 2013-2014 or whatever.
In the current market, RX 580 for $250 isn't that bad tbh.
why buy that when they about to refresh those cards.
The refresh was announced.. its the same cards rebranded. *Exactly* the same.
No it was a *OEM* rebrand that is mandatory. Get it right, and im also annoyed amd has nothing new.
Awesome info dude, very valuable. I didn't bought any card till now by watching your vids. Seems like I will get my hands on newer cards real soon.
Buying a used mining card should be the last on the list of options. ICs function at specific voltages, chip enables, gates, etc... Under volting is not some magic pixie dust that extends a cards life. 24/7 use versus a daily gaming session is not comparable. You should know, as stated in the video, the value of the current generation cards will drop. Going from gddr5 to gddr6 is going to make the drop off steeper. If you do buy, it should be significantly under msrp.
Exactly. I don't get this kiddie logic going around the net...
kingsol767 100% brother preach it
What do you care if card mined or not (provided it's working properly, fans are ok, etc.) if it has warranty? If it dies, you will get a new one.
Ludak021 called having principles and not rewarding the ass hole responsible for the spike in prices by buying a abused car for double MSRP. That’s why
price spike is due to nVidia and AMD not wanting to make more cards and retailers being greedy. Blame the game, not the player.
Dude, you are amazing . You're on the move all the time and still have the power/resources/time to give us good content. Bravo Sir !!!
I'm shipping a 480 today that I sold for 215 lol. His ROI time for etherium (what he said he got it for) is insane right now.
Sold my RX 480 for 360€. I bought it for 200€ only back then ^^
hell ya its about time i been telling ppl not to buy those used gpu's for awhile now but no one seems to listen to me they all wanna argue with me about it so its good to see a you tuber finally say what ive been saying for months
I have been looking for 1080 Ti that were used for mining at around $400 but no dice. Miners REALLY want to rob you while still selling you a GPU that could fail within 6 months to 2 years. Warranty promise sounds nice at the beginning but there are problems with that. For one, you do not know how long the seller will keep that promise. Will the seller still keep that promise after a year? Also, how good is the warranty when the manufacturer questions the cause of the failure? Not all GPU company will honor their warranty for any fault (beside self-inflicting damage).
Not surprised miners just a bunch of dumbasses who got no real skills to earn money the real way.
Oyamada 13 : the graphics card you buy new today could fail within a week and the retailer/manufacturer may not honour the warranty. Have you ever tried to get warranty on a computer part?? I can tell you, it's NEVER straight forward NOR easy. Mining cards are NO different to any other card, they work or they don't. How long they work for is just a crap shoot. What you're saying is, that a CPU sold as the result of a 6 core failing QC and having 2 cores cut out, is a crappy purchase when you're probably running on a similar CPU right now!
Awful lot of propaganda in the computer industry. Only outstripped by the number of armchair experts that are employed in non tech industries spouting off their opinions with gay abandon as if they are an authority on the subject because they read P.C. mag every week.
@Jimmeh B
I was able to RMA two motherboards, 1 set of RAM, 3 CPUs, and 1 hard drive. I guess I follow instruction and I was lucky I got a competent rep. I never have a graphics card failure within 1-2 years. I only have one that held its own for 5+ years, GTS 8800.
All dislikes are salty miners
Cat Guy
Very nice! The best advice ever! 😎
Just as I was browsing Carbonite you mentioned it. That was a bit strange :-P. This is a great analysis, I love your videos.
thumbs up for mentioning out small community!!
Brett, you're spot on. Besides, if people start jumping on t hr em as they stock up the prices ain't going down. Demand will always win and controls all outcomes. If demand goes up now, no good deals. Wait a little and watch it go down. A car that's been sitting on the lot for a year will be marked way down because the dealer needs to move the stock at any and all costs. Same principle.
You're right. Used Gpu prices now plumitted to half of its brand new price.
I got a 1080Ti SC Black with EKWB for 680$, was nice to see someone not trying to rip people off.
A few weeks back I put a used RX 480 4gb (used for gaming and game development) I purchased over a year ago on ebay, and people bid all the way up to $290 CAD. I originally spent $280 CAD on the card. I was only expecting half of what I spent on it at best.
I ended up making over 100% of my money back. This GPU drought has made spending go crazy.
Hi Thank you for info at the right time given.
At first I thought CLICKBAIT! But this was a very informative video and I totally agree. Great stuff!
very well said!! today i just sold all my 3 mining rigs 7x 580 4gb each one for a bit more of 6k euro and i am so damn happy about that
Mining needs to be disabled and solving problems needs to be the earning way. Which means no gpu mining.
I love it when the ebay listing says "Never Mined on" and they have 6X used 1060 GTX available with mint box lol.
So, you wanna see a huge mining crash all over the news so that you can swim in a pool of GPUs for very cheap? I'm all in. :)
I totally agree. Just because ram costs are up 20% does not translate to a 20% total cost of card increase. Last I checked the ram is only one part of the card.
Buying a used mining gpu is like buying a previously used rental car
i got my 4gb r9 290x from a used for about $200 CAD back in 2013/14 and its served me well and still works great. time to upgrade to vega, i have no issues with used cards or anything like that, people just need to understand that used tech drops in value a lot regardless of how much they paid for it.
Great insight!
I got a GPU from a Miner but the thing is, he didn't actually get to mining with it (and I believe him I'll tell you why in a sec.) I asked him about why he was selling it somewhat low (like 100 off the regular 700 dollars.) He told me he was QUITTING mining and that he had over 400 GPU's, also that he hadn't even get to really mine with the card I bought from him (a 1080 from Gigabyte) and that it was just basically an open-box item. Anyway. The reason I believe him is because right after I bought this GPU from him, he listed like 10 different GPU's (Mid level and high ends like the 1080 and 1080Ti's) also, I believe he didn't use mine because he had all the parts for it, the box too and it was in like-new condition (Honestly looks BRAND NEW) when I got it. Aside from this I noticed there was no fingerprints AT ALL on the card. (I got hella fingerprints all over it myself and it was basically impossible that he could've just avoided getting a single smudge on it.) It really doesn't look like he just wiped it off either.
I agree with two of the three points that you make about miners taking care of their equipment. Yes, undervolting is important and low temps are good, but there is no proof I have seen that shows that overclocking puts any undue strain or reduces the life of a gpu.
So, I've been looking at the listing on ebay for almost the past two weeks. Prices are dropping, but the going price for an RX 580 is between $310 and $230. This is nowhere close to what used RX 580s should be going for which would be somewhere between $90 to $150 at the least. (taken on a case by case basis, it could be lower)
It's funny seeing some of these sellers with their bulk GPU listings going for +$1000 and the miners looking to sell their whole mining rigs. Most of the miners kept mining until price of electricity > profits from mining before selling their mining rigs. The problem with this strategy: other miners where doing the same. At the end of March, many of the DIY miners went to pay their power bills and probably realized that it was great during the winter when they could use their mining rigs as space heaters, but now that they have to turn on their ACs, their profits are virtually gone. Miners are, thus, selling not to other miners, but primarily to gamers.
Now is probably time to sell a GPU for several reasons. First, I've seen the pictures of the mining rigs with +8 RX 580's. Knowing that gamers will demand at most two cards (for crossfire or SLI configurations), I wonder if there is enough demand for all of those cards before supply overruns demand. Right now, people on the upper end of the willingness to pay spectrum are buying there used or used-new cards (cards bought second hand, but still in their original plastic) at the above said going price, but once those buyers are exhausted, the number of seller will only rise until the prices drop. Second, many of these cards such as the RX 580 or Nvidia 1060 are older technology or are effective osborned. Its sad to say that tech like CPUs or GPUs have product and market characteristics that makes the used tech market similar to supermarket products (how many people are buying GPUs from the mid 2000s?) and the collage textbook scam, respectively. If a new GPU is bought from a retail store before a new product is released, at best, that GPU can be returned to the store for a full refund; otherwise the seller of that GPU might get a fraction of the original retail value.
Please keep in mind that brands such as Zotac, XFX, PowerColor, Sapphire, etc. have warranties tied to the purchaser rather than the serial/model number. So, even if you buy a used-new card from a seller on ebay, you will not get a warranty. For brands such as ASUS or MSI, these companies have nasty discretionary clauses that might allow an RMA if a used-new card is DoA, but I can't guarantee that. As always: buyer beware.
I don't like to be the provider of bad news, but I can't rule out a second parabolic event (a double bubble) for Bitcoin. Several alt coins such as XPA have had such double bubbles. But, if you google "example of an economic bubble" and find the image for the stock bubble in the 1980's, it looks almost the same as Bitcoins valuation. If both that image and the assumption that Bitcoin is a bellwether for the cryptocurrancy market are correct, the price of Bitcoin could continue to decline.
I've also done some estimates by observing the price of Bitcoin before and after the 2013-14 bubble and made several rough estimates using the price of Bitcoin before its recent parabolic event. It appears that Bitcoin might drop another $2500 to $3500 more in valuation. Taking an optimistic linear projection, Bitcoin could decline gently from this point forward, but another linear projection suggests a steep drop some time later this month or the next. This drop might start with the troubles surrounding the Bitfinex-Tether relationship. (look it up)
A professional mining farm vs a person who runs their computer a few hours a day between overclocking experiments, gaming and "homework", something tells me the miners gpu would be in better shape when they are reselling.
Great thanks for the heads up Brett, most people will be listening to you because it's really good advice. However, buy when there's bloods on the streets, those used graphics cards ain't going to be sold at high prices cuz it's not profitable, this is an opportunity to low ball rigs like 10x1050Ti. Guess what, even low balling prices might be attractive for sellers because almost no one else are offering higher.
I just got a 4x1050ti rig for about $625 where I stay, that's a pretty good deal if you ask me.
The day either mining collapses or the difficulty outgrows the hardware, i'll just keep the nicer cards for myself (1060s and up) and give the lesser cards (1050s) away to friends. Selling used computer stuff is just an overall pain.
Finally great advice.
Upvoting so this video gets higher up. Then everyone will see it, and the crash will hopefully come earlier
Oscar H Bjørnstad Lol, we are 3 months in the crash already :DDD
Do u live under a rock or something ? :D
How could you ever prove you've never mined on a used card?
Didn't you sell your mining rig? I wouldn't be surprised if next generation launch at much higher MSRP than current gen did.
_chaos_ fre4k AMD and Nvidia have no reason to lower prices. Why do you think every year MSRP keeps launching at higher prices.
Joseph Nanez : because you twerps keep buying them!
Supply and demand... that's all that controls ANY market. It ain't rocket science.
well sadly yes... not for long though. I'd wager that if practically no cards were bought world wide for a only a month, it would trigger a MASSIVE reaction from the manufacturers. Just the same as the ONLY thing that controls the price of petrol is the level of the fuel in the tank farms. irrespective of the bullshit about the price of crude in Albuquerque, they can't slow the blenders or the refinery down, it's horribly inefficient and a shutdown is out fo the question because they take 6 months to start up. So if the farm gets full, they drop the price. THE HARD PART is getting EVERYONE to boycott ONE company for a month. The disruption caused would be long felt.
lol... nah man, it wasn't lost on me mate :D
More seriously though... sadly that's what it would take
yeah well. Exercise more patience. I get what you're saying though. (aside from it being due to mining).
agree, and it's going to get hotter and hotter!
Great content! You just stopped me from bidding on a 1080 ti on ebay for 630.00.. hope the bottom falls sooner rather than later.
Buying a gpu from a miner who claims he didn't run that much is like a sports car from a teenager who says they drove it like a grandma
Don’t let the FOMO get you, I am always checking ebay and prices are coming down daily, I’ll keep waiting
3 years ago I purchased a GTX 970 for about $300, and this was 6 months to a year before the next generation of cards were released.
I think it's fine if it still has a usable warranty and a good price which would depend on the brand. Even a good deal of "gamers" mined might as well just avoid used completely.
My strix 1070ti even late January was only $50ish over msrp ($525). The 1080ti was msrp as it was way back shortly after launch.
I'VE BEEEN SO BUSY LATELY 😭😭😭 BUT I FINALLY GET TO WATCH YOUR VIDEOS
I can confirm that I run my GPUs under-volted, low clock settings, lowest fan speed that can sustain a decent temperature. But I also overclock the memory and have tighter timings.
If buying a card that was used for mining, you should under-clock the memory a bit, just to be safe. The GPU should be fine at stock speeds.
Ur ryt. Makes sense about the prices. Dnt be itchy on buying vcards. Soon supply will be flooded with used n new stocks.
Beginning to enjoy following you but please don't get too serious. I mean your information is very valuable and important stuff, but how you tell us is entertaining. I see more edits in other videos. I know it takes more work but you really are funny. I mean that in a very complimentary way. Keep it up.
Great video! Can you point me in the right direction for a quality test bench that won't fall apart when you sneeze and doesn't cost an arm and leg?
I bought a used R9 390 that was obviously abused to all hell in a mining rig. The fans on it were so warn out, that if you manually spun it - the second your finger left the fan, it instantly stopped spinning. When it's in use, the fans grind and it heats up to 95c. I contacted the seller asking if it was ever used for mining, they played it dumb asking me "what's mining?" then I check their other items for sale - and would you look at that, they have about 20 R9 and RX cards for sale, some of them even have "mining" right in the title. What's worse is I contacted the seller to get a refund... and they sent me an E-Check that bounced. I expect them to be deleting their account shortly. Hopefully Ebay covers me :\
I agree, prices are too high and not priced right. It's the dark ages right now. It is nice to see some stock in stores though right now. At least you CAN buy a gpu... if you want to get shafted on the price.
It isnt about buying used mining card because it has been mined on, but the prices for used cards are terrible. R9 290s for $200+? 970s for the same? 770s and r9 280s for $150? sigh
Although not a good price, I managed to get a new Vega 64 for $560
The components like the memory inductors and the mosfets are not designed to be run at 100% 24/7 on consumer cards. If you buy a used mining GPU, be prepared to replace those mosfets and inductors because they will die.
Sure a lot of responsible long term miners dont ruin their equipment,
but its not those long term guys that are the first ones to panic selling because they got into mining late for Get-Rich-Quick. So its those guys Get-Rich-Quick guys that ran as hard as they can for quick Mine & Dump2Fiat that over worked their cards and now sell them claiming to barely run them at all
I don't buy any second-hands GPU in general but certainly not in such a period for this simple reason: I don't want to reward those 'miners' in any way because I dislike 'miners'. Not only because they made graphics cards ridiculously expensive, also because it is insane for our environment. Not that all of that 'mining' is bullshit, there is some use for it, but it seems to me that we shouldn f* up our plane even more just for that.
Having said that, I most certainly agree. Be patient and wait it out! The prices will drop further, once the prices on the secondhands market drop enough and new cards are available in retail then the prices will drop much more and much faster.
Good tactics of saying what we all thinking in the beginning.... Make up your mind bud and stop running after audience to try making people like you.
Not really seeing where my mind isn't made up. I think the main problem is that people assume I have to be isolated on either side of the fence, which is fundamentally untrue. The subject matters I'm covering aren't mutually exclusive & I won't treat them as such regardless of how much others try to pigeon hole my positions.
👎
BuzzKil1
Or...
you thought you had found a video to feed your hate and it turns out to be like all rational and reasonably argued. How disappointing for you.
Actually no hate, i dont bother hating and actually do enjoying some of his videos he makes. Now only because i called him out on his controversial topic does mean i hate him, shit i dont even know him, its just within a week change his mind a couple of times doesnt look pretty.
But that is just my opinion, no offense intended just my observations.
Barry whatever rocks your boat bud.
Pray to the Gods that your prediction comes true
i bought last year and i would still wait till gpu goes down and will buy more for mining. :-)
Next video : mining is back at it again !
I had a 6x GTX 1070 mining rig before I sold it, ran them each at a 100W power target (down from 150W stock) with as low voltage as the card would stay running with. Temps barely ever got above 55C (after market coolers though).
Kinda wondered what happened to Vega. Sure miners scooped many of them up, but then they were never listed anywhere...
Questions: is it worth it to buy at MSRP on a founder's edition card? You can get lucky by checking the nvidia website (I scored a 1070 yesterday). Also, is it smart to sell old cards right now? Say on a gtx 780, better sale price than, say, 6 months from now?
Quick question, do you think it's safe to buy a GTX Asus ROG Strix 1080 after it was used for mining for half a year? Do you think it will be damaged?
When Bitcoin crashed in 2014, I was able to purchase a Sapphire R9 270X Vapor X 2GB card, for $95 in September of that year. MSRP on that card was $199. So, if history repeats itself, if you are patient for about six months (maybe less if Nvidia releases new graphics cards), then you could potentially get a used gpu for 50% below msrp. Imagine picking up a GTX 1070 for $200?
In my opinion, there may be a brief downturn in the pricing towards MSRP. But with the new cards having new technology like the tensor cores, which are estimated to tack on at least $100 over what we consider normal levels of MSRP for the 80 or 70 series cards. Plus the new technology they're using for the memory modules on the cards( ddr 6) it adds up to these new cards being quite a bit more expensive than what we're used to. And if there is another miners craze you can forget about it. Not to mention the next gen cars are going to be beasts in the realm of miner cards. So am I opinion if you think that things are going to go back to court on quote normal with all these variables at play. you're not thinking very hard.
I would say hold on a bit to buy a new gpu. Maybe middle of summer.
Soo...if i found a gtx 1060 strix that was used for mining one year i shouldn't buy it?
As he said, it depends on how used market goes compared to new gpu market. It really is about the value.
belgium here : can buy cards at lower prices from local online stores new than from local secondhand sites used.
I bought a G1 gaming 1060 6GB for 240$. It was a bid and it was mined on. I've had it since October and no probs yet.
just canceled an order for an 1060 3 gig for about 312 USD based on your tip. Hope I don't get screwed later (not gonna hold any grudges if I do:)).
my friend just got into pc gaming and i found him a deal of a i5 7500, 8gb of ram, and a gtx 1060 3gb prebuilt for $640. that was a decent deal.
yep
Uuuuuh i mean I guess but you can still do better
alex pressley thats somewhat alright, but 8gb only is a sore point
C2Lception with ram prices the way they r that's what he could afford at the time.
that's a 4 thread quadcore, i wouldn't buy that in any system.
i would have pushed your friend to the r5 1600 at all costs, literally a whole new level and much more future proof and am4 socket upgradable and overclockable.
if u calculate 260 dollars the current price of the graphics card u're left with 380 dollars for the rest of the system.
going with the 180 dollar r5 1600, leaving 200 dollars for all the rest, which of course would be to little, so i would have made my friend spend a 100 dollars more i guess to get to the r5 1600 with decent other components.
for reference i have a 4 thread quadcore, that is now 5 years old.... i5 2500k at 4,4 ghz and the i5 7500 is just barely ahead of my chip, so 4 c/t is old and no longer the wae, thank fuck to ryzen! were it not for ryzen, it would have been sandybridge type performance and threads till the end of time if it goes by intel.
our local kijiji has guys with 10 sealed 1080tis, these fools will need to liquidate soon
I am not a major miner nor am I a fan of those big 100+ GPU farms that people have, but I disagree big time about buying a used GPU that was used for mining. As long as the BIOS was not flashed or any other modifications that could void the warranty, a GPU that was used for mining is often in much better shape than one that was used for gaming. Think of it as a light bulb. A mining card is left on for long durations while a gaming card is constantly flickered on and off. The flickering effect is much more harsh on a card.
VeeTravels
True, but we shouldn’t be buying a USED graphics card for MSRP, that just means it’s overpriced. Also, they might be overclocking (if they’re not knowledgeable enough to underclock), it’s a SLIGHT risk, but it’s not worth taking, also the fans are used more often, so those are not going to last as long.
Heat overall will kill all electronics and that is the major worry of buying used. The flickering is irrelevant. a light bulb doesn't have capacitors or complex integrated circuits. apples to oranges comparison. unless you unlplug your pc the capacitors never discharge so that actually has no affect on the card. What does is constantly running it and constantly exposing it to heat and dust.
Not even just heat, but hours on any capacitor adds to decay heat adds to that reducing lifespan. Regardless buying formerly mining GPUs is stupid and makes buying mining only pointless for miners because they can buy gaming GPUs and resell them for a good price afterwards its that exact reason why mining cards only accounted for
VeeTravels but the fans have been running 24/7 and HONEST question: doesnt mining strain the vram ?
WOKE
Brett, your videos lately you look tired. The baby is keeping you up? Get some rest man, 2 vids a day and normal life is working you
I don’t get this - why do people care about the time to failure on a mining GPU when even if worked 24/7 for a couple years it will still have 3-4 years left in it easily?! As you said, fans are the only component that might be affected, and they can just be cleaned properly or even replaced in worse case scenarios. I would be happy to pay the same price for a ‘mined on’ card as a ‘never been mined’ one, possibly even prefer them as I trust there is less chances they have been heavily OCed and abused by gamers.
Also have to mention that whattomine is not necessarily the way to go for your mining calculations. General overview yes or "mainstream mining" yeah sure, that's also the reason profitability plummets once TH-camrs announce a new change. But "real mining" is still scanning the dirt, planning forward, not necessarily mining the most profitable but mining what projects you believe in etc. Not everyone runs his business according to mining calculators and mining has been around long before Ethereum =D
Ehhh. I'm pretty sure I bought a used R9 270 that was used for mining. Got it for $74.
Guy said he 'didn't' use it for Litecoin mining, never got around to it. However, I'm guessing that was just something said in the info to entice buyers.
It's taken a decent little overclock, over 1GHz, bumped the VRAM over 100mhz, no voltage bump, good temps.
I wouldn't mess with the higher end cards for a while. Leave them alone for another couple months.
To me anything used for over a year should be worth less than 1/3 of a new item
You are right on the money, dont buy and the retailers will have to lower their prices. Some coins will still be worth mining in the long run. But monthly payouts will be non existent. Faith in the coin to moon will be your reward. Been mining since 2014 and bitcoin really suprised me. Hated the $600.00 to $800.00 electric bills , but sold 1.479 BTC and paid off my house. Mining is a lot like a slot machine...
Because someone with a 6card rig wouldn't be running his cards at almost the same undervolted settings as a guy with a farm...
Unless i can personally inspect the pcb and stress test it. I would spend anything on it. Its like buying a used car, you take it to a mechanic to inspect it to know what needs to be done. Otherwise its taking a chance
I bought used msi rx 580, hash high, work great, no problem
Idk about you but I recently purchased 2 miner cards a 1080ti that was Mined on for 1 year and and a Vega 56 that was pushed hard for 2 months both cards are running like a champ! No problems gaming, No problems with the fans and or Overclocking! So idk where you got the don’t buy miners cards when you can do research and ask the miners how the cards have been handled!!
Like it good advice for the future......
Just remember you can pretty easily get a GTX 980 for roughly 300 right now, probably the best bang for your buck right now