I tried a bit of mining on my 390. At 30MH/s (linux) was making around $1.9 per night but now it's dropped to $1 in one week. A nearly 50% drop in profitability will hurt some who hoped to get their ROI back within a few months. Hopefully it crashes further and miners start selling their gpu's and do some real work for a living instead.
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So Sick of the GPU situation
- Thread starter pp111
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I tried a bit of mining on my 390. At 30MH/s (linux) was making around $1.9 per night but now it's dropped to $1 in one week. A nearly 50% drop in profitability will hurt some who hoped to get their ROI back within a few months. Hopefully it crashes further and miners start selling their gpu's and do some real work for a living instead.
im not so sure its miners fault. the gpu companies could easily make their cards not be so good at mining. they cant go out and make a mining card as it would take away from production of gaming cards and they dont want us (those of us that dont already that is) to know they are not interested in gaming. so they make a gaming card and let it leak they are also really good at the things mining takes advantage of even show us how good the mining is.
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Heh I remember the days after the crash in 2018 where you could pick up a 570x for £60-70. Be nice if I can pick a 3070 at that price in a few month won’t it 
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Heh I remember the days after the crash in 2018 where you could pick up a 570x for £60-70. Be nice if I can pick a 3070 at that price in a few month won’t it
I'll have 30 of them please
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^that made me laugh hahaha
Soldato
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Just seen a 3070 sell for £1,041 ... don't hold your breath.Heh I remember the days after the crash in 2018 where you could pick up a 570x for £60-70. Be nice if I can pick a 3070 at that price in a few month won’t it
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maybe it was made by aliens to terraform earth to their natural habitats by global warming and green house gasses.
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tulips used to sell for the same price as a house in middle of London
when a bubble burst, things change in days.
Soldato
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Dunno, with all these people in pre-order queues i can't see it going off a cliff edge. Think we are still to reach the pricing peak tbh. Sad to say that as well.tulips used to sell for the same price as a house in middle of London
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Give it a 2-4 weeks, things will get better immediately when manufacturing pick up again in China after the lunar holidays.
Soldato
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Hope so
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What he said
Scary but true, when I'm seeing cards sell for £3k and over in recent weeks for a card that costs £1400 msrp and then £1.5k to £2k for a card that costs £650 msrp.
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when you see crazy **** like that it means the bubble is about to pop; when things stop making sense. And when it does pop, it doesn’t come down slowly
it’ll be much faster than the rate it went up.
when you see crazy **** like that it means the bubble is about to pop; when things stop making sense. And when it does pop, it doesn’t come down slowly
I reckon so as well, prices are just going mental, can't last.
when you see crazy **** like that it means the bubble is about to pop; when things stop making sense. And when it does pop, it doesn’t come down slowly
A lot of the pricing only makes ‘sense’ because the value of crypto means they can still deliver an ROI. If the gain from crypto doesn’t pay for the cost of the cards, people will be dumping them like hot bricks. We can only hope that it doesn’t make a resurgence. If it does, and this is a temporary blip... I give up lol
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If you buy at the scalper price right now, it'll take you 7-10 month to reach ROI, which is way too high for something as unstable as bitcoins, usually 6 month is the highest tolerable level for a pro miner.
Soldato
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If you can get GPU's from Ebay and then return them for a full refund at any point up to 6 months, then your investment is £0, it means instant returns
hopefully the scalpers learn a difficult lesson