Second hand price insanity!

[wunkley]

With the current graphics card insanity going on, is there any sort of market for used cards that are faulty?

I have a 980Ti stashed away that I borked about 3 years ago when I was removing some ram heat sinks I’d put on for an AIO setup. Can’t remember the exact symptoms but it would boot into windows and then start corrupting.

 

[McPhee]

The really amazing thing about this, is they were in stock (brand new) at multiple retailers in September/October for £350. I am sure that the response on this forum would have been “are you crazy?” if someone bought a 5700XT in October with the 6000 series coming. On the contrary anyone that did get one around that time has one of the best bang for buck purchases of the last 6 months.

The best bang for buck purchase would be if you subsequently sold that 5700 XT after securing a 3060Ti/3070/3080 FE

I bought a 5700 XT Ref in Aug 19 for £335, then sold it last summer for £265 so I could swap to a Nitro+ (£300). I've now sold the Nitro+ after buying a 3060 Ti. Net cost over 18 months... £53. Mental.

 

[marvel]

The best bang for buck purchase would be if you subsequently sold that 5700 XT after securing a 3060Ti/3070/3080 FE

I bought a 5700 XT Ref in Aug 19 for £335, then sold it last summer for £265 so I could swap to a Nitro+ (£300). I've now sold the Nitro+ after buying a 3060 Ti. Net cost over 18 months... £53. Mental.

Same here.
Bought a 5700xt for £240 a year ago and sold it for £660 (WTF) after securing a 3080FE.
So no additional outlay.
I basically bought a 3080 for £240...

 

[Major774]

Same here.
Bought a 5700xt for £240 a year ago and sold it for £660 (WTF) after securing a 3080FE.
So no additional outlay.
I basically bought a 3080 for £240...

The crazy GPU situation has worked out for you, you was at the right time, at the right place.

 

[chrcoluk]

thats cause 1080tis are going for 450 -500 minimum.

As always its a lottery I just now went on it and typed 1080ti, then clicked sold.

I see some go for nearly £700, and also seen one go for £400 with only one bid.

I expect the higher priced ones have had some nudging if you know what I mean.

Also we have no idea how well these transactions go, in terms of scamming.

 

[RavenXXX2]

No warranty £500+ old ass card, people are either stupid or desperate.

 

[pieman109]

No warranty £500+ old ass card, people are either stupid or desperate.

Both!

 

[Defy Belief]

People are snapping up 1080tis in the mm for 400 within seconds of posting, could comfortably sell more with how desperate people are.

A founders went for the same price as an aurous extreme

 

[fs123]

Both!

Some will be desperate but majority are mining or have the intention of mining to recoup some of the cost (source: stock alert Discord). Sad times for gamers but I foresee a situation where it will become unprofitable to mine and there will be a flood of cards on the auction site. Perhaps that will be good lesson for Nvidia and AMD when they find that many potential customers are buying used 3000/6000 series cards for cheap instead of buying new.

 

[~>Dg<~]

they mining close to 100 quid a month. so if the price holds it not as bad as it seems. mine for 4 months if it holds pays for card. sell card after or keep mining. you should profit. people are expecting drops are imminent. but..think it will hold for a while yet.

 

[marvel]

The crazy GPU situation has worked out for you, you was at the right time, at the right place.

Indeed.
One of the fortunate few.

 

[varkanoid]

due to the cards making money any that are being sold for a reasonable price will be snapped up as the person will know they can sell them for more. Workmates brother has been selling PS5's he managed to get for retail price or even £20 in those raffles and selling them for £1000. He is coining it in. He got 3 PS5's in those raffles for £20 and sold them for £1000 each and cost him £120 in raffle fees. You can see why people are doing it. Think he said he sold 11 so far. Who needs mining

 

[McGraw]

really though would you really be worried. Here is £180 ah thats fine, here is £280 no cant accept it I`m worried ??

Does not compute.

it computes for me and that’s all that matters.

a 1070 was not worth £280 in early November (still isn’t now as I wouldn’t pay that for one). I would be expecting to have issues with the sale and eBay siding with a dodgy buyer.

 

[Hedge]

I see 1080tis sell instantly for £400+. I imagine they make about 3-4 quid profit a day on Nice hash . So are people just rushing to plug these in then wait 100 days to break even? It doesn't seem that irresistible to me.

 

[~>Dg<~]

there has just been another jump. so prices will go up again.

 

[McPhee]

I see 1080tis sell instantly for £400+. I imagine they make about 3-4 quid profit a day on Nice hash . So are people just rushing to plug these in then wait 100 days to break even? It doesn't seem that irresistible to me.

Assuming you're on about people buying the card solely to mine, you need to subtract resale value. So let's say the card is really worth £250. Even if it only makes £3 profit per day mining, the break-even point is at 50 days.

There's a speculative element here too; coin prices could go up. BTC has risen 34% in 12 days. If you expect a 50 day break-even point and then prices rise by 34%, suddenly you're looking at a 33 day break-even instead.

there has just been another jump. so prices will go up again.

Already happening.

Two weeks ago, a 5700 XT would fetch £550-£600 on eBay. Mine went for £686 last week, which was about the going rate then. Today, five sold for between £750 and £800.

3060 Ti FE now £850-£900. 3080 now comfortably up around the £1,500 mark (once you discount people selling photos of cards and empty boxes).

 

[FoxEye]

To the moon!

 

[shamus21]

Ask yourselves this question if a Gpu is selling £1000 now with bitcoin around £50000 mark and with the objective by year end being around the £100000 mark how much do you think a miner will pay for that same Gpu going forward ?

 

[bigmike20vt]

I sold my 1080ti last week for £355. Should have put on eBay but I can't grumble I had almost 2.5 years out of it and only bought for £580 (overclockers gigabyte black)

I thiught £355 was a bit on the high side but current prices are bonkers.

 

[pieman109]

Just sold my old sapphire Vega 64 nitro last night, £435, guy who wasn't that young looking said its going straight into a homemade mining rig, says it all.