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I keep reading there will be all these cheap GPUs available, which is great, but I then ask where I can buy them but all I get is ebay, and then when I check eb

I keep reading there will be all these cheap GPUs available, which is great, but I then ask where I can buy them but all I get is ebay, and then when I check ebay, they still aren’t cheap. Where will all these miners be selling them? So I can buy a few.

timtom39 4y ago
Prices are falling quickly. 3090 was ~$900 on ebay last week. You can now pick one up for $600. Look at the auctions buy it now prices take longer to drop.
- sgerenser 4y ago
  Prices are definitely dropping, but $600 seems like a stretch. I searched for “rtx 3090”, checked “used” only, sold items, only auctions. Last 5 sold were $715, $812, $840, $760, $870 (I skipped a few outliers that were actually 3090 Ti).
- Jackson__ 4y ago
  Auction prices also have a strange habit of increasing over time. (A quick ebay search shows that 98+% of sold auctions for 3090s did so at a price of >700$.[1]) [1] https://www.ebay.com/sch/i.html?_from=R40&_nkw=3090&_sacat=0&LH_Auction=1&LH_PrefLoc=3&LH_Sold=1&LH_Complete=1&LH_ItemCondition=3000&rt=nc https://www.ebay.com/sch/i.html?_from=R40&_nkw=3090&_sacat=0...
  - nightski 4y ago
    Best Buy had them sub $1000. Still close too [1]. [1] https://www.bestbuy.com/site/nvidia-geforce-rtx-3090-ti-titanium-and-black/6502626.p?skuId=6502626 https://www.bestbuy.com/site/nvidia-geforce-rtx-3090-ti-tita...
- sorenjan 4y ago
  Has people been mining with 3090? I thought you didn't need that much vram for mining and that other cards would be much more cost effective.
  - uni_rule 4y ago
    The top end cards were just regular scalping in a similar vein to the ps5, opportunists. The mining was just icing on the cake.
    - capableweb 4y ago
      > The mining was just icing on the cake. No, 3090 didn't make sense to use for mining. Too low profit compared to what you had to pay for it. There is better cards to get for mining, even if they have worse performance. Performance per $ makes the rules.
toast0 4y ago
eBay, craigslist, facebook marketplace, hardware enthusiast forums, etc. But it's going to take them time to get them prepped for sale, so they're not going to show up all at once.
- eesmith 4y ago
  (In case you hadn't seen it, I found more about Italian POW parolees at https://news.ycombinator.com/item?id=32890349 https://news.ycombinator.com/item?id=32890349 . Apologies all for threadjacking.)
kyriakos 4y ago
I can't seem to find a 3080 under 750 euro in EU (used or new). Actually ebay.de prices seem to be still higher than store prices.
meltedcapacitor 4y ago
A lot of miners are probably still in the denial phase thinking they'll mine a PoW fork of ETH or the remaining GPU-friendly proof-of-work coins like ETC or monero. It's easy to fall for it: if they look at what their mining power will make if applied to the pre-merge difficulty and rewards, it probably does look okay. Of course, in reality all the ex-ETH miners doing this will make difficulty go through the roof facing a constant reward, taking them below water. Some who understand the above may think that price of other PoW coins will increase matching increased work ("there's more work, work is value, more work higher price, right?"). Then at some point all this will unfold, taking PoW coin prices down, which will increase coin sales to pay shortfall on electricity bills, which feeds itself, so once all this is done one can expect both very cheap GPUs and cheap ETC. LOL. Then we'll probably get a bit of bungee jumping on the share prices of AMD, Nvidia, etc as the stock market participant interpret the associated blip in new GPU sales as "the end of gaming" etc.
- bee_rider 4y ago
  I wonder if it would make sense for a GPU miner to switch over to becoming a stable diffusion render farm or something.
- latchkey 4y ago
  Monero isn't gpu friendly.
derac 4y ago
/r/buildapcsales /r/hardwareswap
Obi_Juan_Kenobi 4y ago
It's just starting to kick in. Most miners stuck it out to the bitter end. Hashrate was only down around 20% from the peak at the switch to PoS. Then it takes a few days to take apart the rigs and get them ready for listing. And that's only for the ones that aren't trying to mine something else, or simply are in denial. But the main counterpoint to the GPU supply increase is the pent up demand from two years of usurious GPU pricing. A lot of people are ready to finally upgrade as soon as prices are reasonable. Expect the market to soften - and it is, 3060ti prices are down like $40 over a couple days on eBay - but I also wouldn't expect bargain prices.

timtom39 4y ago

Prices are falling quickly. 3090 was ~$900 on ebay last week. You can now pick one up for $600. Look at the auctions buy it now prices take longer to drop.

sgerenser 4y ago
Prices are definitely dropping, but $600 seems like a stretch. I searched for “rtx 3090”, checked “used” only, sold items, only auctions. Last 5 sold were $715, $812, $840, $760, $870 (I skipped a few outliers that were actually 3090 Ti).
Jackson__ 4y ago
Auction prices also have a strange habit of increasing over time. (A quick ebay search shows that 98+% of sold auctions for 3090s did so at a price of >700$.[1]) [1] https://www.ebay.com/sch/i.html?_from=R40&_nkw=3090&_sacat=0&LH_Auction=1&LH_PrefLoc=3&LH_Sold=1&LH_Complete=1&LH_ItemCondition=3000&rt=nc https://www.ebay.com/sch/i.html?_from=R40&_nkw=3090&_sacat=0...
- nightski 4y ago
  Best Buy had them sub $1000. Still close too [1]. [1] https://www.bestbuy.com/site/nvidia-geforce-rtx-3090-ti-titanium-and-black/6502626.p?skuId=6502626 https://www.bestbuy.com/site/nvidia-geforce-rtx-3090-ti-tita...
sorenjan 4y ago
Has people been mining with 3090? I thought you didn't need that much vram for mining and that other cards would be much more cost effective.
- uni_rule 4y ago
  The top end cards were just regular scalping in a similar vein to the ps5, opportunists. The mining was just icing on the cake.
  - capableweb 4y ago
    > The mining was just icing on the cake. No, 3090 didn't make sense to use for mining. Too low profit compared to what you had to pay for it. There is better cards to get for mining, even if they have worse performance. Performance per $ makes the rules.

toast0 4y ago

eBay, craigslist, facebook marketplace, hardware enthusiast forums, etc. But it's going to take them time to get them prepped for sale, so they're not going to show up all at once.

eesmith 4y ago
(In case you hadn't seen it, I found more about Italian POW parolees at https://news.ycombinator.com/item?id=32890349 https://news.ycombinator.com/item?id=32890349 . Apologies all for threadjacking.)

kyriakos 4y ago

I can't seem to find a 3080 under 750 euro in EU (used or new). Actually ebay.de prices seem to be still higher than store prices.

meltedcapacitor 4y ago

A lot of miners are probably still in the denial phase thinking they'll mine a PoW fork of ETH or the remaining GPU-friendly proof-of-work coins like ETC or monero. It's easy to fall for it: if they look at what their mining power will make if applied to the pre-merge difficulty and rewards, it probably does look okay. Of course, in reality all the ex-ETH miners doing this will make difficulty go through the roof facing a constant reward, taking them below water. Some who understand the above may think that price of other PoW coins will increase matching increased work ("there's more work, work is value, more work higher price, right?"). Then at some point all this will unfold, taking PoW coin prices down, which will increase coin sales to pay shortfall on electricity bills, which feeds itself, so once all this is done one can expect both very cheap GPUs and cheap ETC. LOL. Then we'll probably get a bit of bungee jumping on the share prices of AMD, Nvidia, etc as the stock market participant interpret the associated blip in new GPU sales as "the end of gaming" etc.

bee_rider 4y ago
I wonder if it would make sense for a GPU miner to switch over to becoming a stable diffusion render farm or something.
latchkey 4y ago
Monero isn't gpu friendly.

derac 4y ago

/r/buildapcsales /r/hardwareswap

Obi_Juan_Kenobi 4y ago

It's just starting to kick in. Most miners stuck it out to the bitter end. Hashrate was only down around 20% from the peak at the switch to PoS. Then it takes a few days to take apart the rigs and get them ready for listing. And that's only for the ones that aren't trying to mine something else, or simply are in denial. But the main counterpoint to the GPU supply increase is the pent up demand from two years of usurious GPU pricing. A lot of people are ready to finally upgrade as soon as prices are reasonable. Expect the market to soften - and it is, 3060ti prices are down like $40 over a couple days on eBay - but I also wouldn't expect bargain prices.