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One, they are going to sasturate the market which will drive the prices down significantly. They cannot not saturate the market, because GPUs age due to new dev
by friendzis 4y ago
One, they are going to sasturate the market which will drive the prices down significantly. They cannot not saturate the market, because GPUs age due to new developments by manufacturers. This already makes the prospect of recouping initial investments rahter dim.
Consider that non-miner market has a huge distain for miners and are willing to pay premium on new cards just to stick to the miners. I don't think resale value is going to be spectacular.
- latchkey 4y agoNo, the most ROI efficient cards are 4-5 year old cards (like the RX480). ETH's algo, ethash, is memory hard, which means that it is a false narrative that buying the latest card is necessary. The bottle neck isn't the speed of the card, but the speed of the memory controller.
- MrPatan 4y agoNobody cares about Eth's old mining algo anymore, it better be good at something else
- friendzis 4y agoThis does not contradict my comment that resale value of those cards is going to be nowhere close original purchase price, though
- latchkey 4y agoHow would you tell that a GPU has been used for mining? Other than any vbios changes, which can be reverted easily, it would be impossible. ALL gpus are going to go down in price, just because the market is saturated, it has nothing to do with what workloads they happened to be used for.
- leroman 4y agoI suppose they made some money by running these cards.. They stand to get SOME of the initial investment back, unlike BTC ASICs, they are basically worthless outside of BTC mining..