Currently at $151.99 (15:37 GMT-4 16 Jul 2017
[url]https://www.overclock3d.net/news/gpu_displays/used_gpus_flood_the_market_as_ethereum_s_price_crashes_below_150/1#.WWtiMCvRY_M.reddit[/url]
[QUOTE]Earlier this week Ethereum's value dropped below $200, as soon as the currency experienced a new difficulty spike, making the currency 20% harder to mine and significantly less profitable. This combined with its decrease in value has made mining Ethereum unprofitable for many miners, especially in regions with higher than average electricity costs.
Now Ethereum is valued at less than $150, with the currency costing $134.97 at the time of writing, which is less than half of the currency's peak value. The currency has the potential to bounce back, though it is difficult to see the currency go back over £250 in the near future.
On second-hand sales websites like eBay and Gumtree, we have seen a lot of new GPU listing appear in recent days, with plenty of used AMD RX series GPUs appearing over the weekend. More hardware is expected to hit these sites over the coming days as some miners wind down their operations, though many will simply move to a more profitable currency or to invest their computing power into an emerging Cryptocurrency that has the prospect of high values in the future. [/QUOTE]
[B]Remember kids, if you're looking for a new GPU to play games, do [I][U]NOT[/U][/I] buy a card that was mined on, simply wait for your favorite retailer to drop prices for a new one. Mining cards [I]may[/I] have shorter lives due to the extreme power-on hours associated with mining.
[/b] ETH doesn't seem to be a GPU-burning currency, so you should be fine.
I know that's an overreaction, but better safe than sorry.
So what good are those cards for now, weird SLI setups and cheap HTPCs? How cheap can they get?
I thought it was safe to buy a mining card since they've been undervolted while mining
SLI 1070's doesn't seem all that terrible of a deal, as long as the price is right.
Pretty sure mined-on cards aren't as big of a liability as people like the OP make out, particularly newer models that haven't been out long enough for even 24/7 use to amount to that much. Is it a consideration? Sure, I would want to pay less for one, but I think most of them probably have years of mileage left. The biggest concern is fans wearing out (which you can replace at little cost) rather than the GPUs themselves.
[QUOTE=Svinnik;52475533]I thought it was safe to buy a mining card since they've been undervolted while mining[/QUOTE]
Depends on if it's a experienced miner or a beginner trying to cash out on a trend.
Those who've managed to do it for a living do everything they can to increase longevity and reduce power consumption of their rigs, while those who do it as a "side job" halfass it.
[QUOTE=Svinnik;52475533]I thought it was safe to buy a mining card since they've been undervolted while mining[/QUOTE]
Not everyone did it, though. Proceed with caution. Someone who knew what they were doing and doesn't try to hide that they mined might. Some idiot on eBay who re-shrinkwraps the box, however, might not.
[QUOTE=Svinnik;52475533]I thought it was safe to buy a mining card since they've been undervolted while mining[/QUOTE]
they aren't really that bad, there isnt much of a heat cycle with mining, it's just full usage and leave it, fans still all active. and yeah, nearly everyone undervolts
Linus has a video showing the effects of wear and tear on a GPU, it's really not that drastic.
[video=youtube;44JqNJq-PC0]https://www.youtube.com/watch?v=44JqNJq-PC0[/video]
Too bad sli/crossfire is garbage otherwise I would pick up another card. Might still be worth if it I can find a duplicate card cheap enough.
[QUOTE=Saxon;52475576]Too bad sli/crossfire is garbage otherwise I would pick up another card. Might still be worth if it I can find a duplicate card cheap enough.[/QUOTE]
tbh it really isn't unless you know a game supports it exceptionally well + actually plan on really using said game(s) that do
[editline]16th July 2017[/editline]
its basically only worth it under extreme scenarios / if you have 4k
Might grab a couple extra 1070s for machine learning.
I'm confused, how exactly does the "mining" of virtual currency work?
[QUOTE=J!NX;52475579]tbh it really isn't unless you know a game supports it exceptionally well + actually plan on really using said game(s) that do
[editline]16th July 2017[/editline]
its basically only worth it under extreme scenarios / if you have 4k[/QUOTE]
I do run 4k on some less demanding games with my 1080, but to be honest I might as well just put money into savings for next generation GPU's.
Their needs to be more adoption or DX12/Vulcan so it can be a viable budget upgrade option
[QUOTE=Svinnik;52475573]Linus has a video showing the effects of wear and tear on a GPU, it's really not that drastic.
[video=youtube;44JqNJq-PC0]https://www.youtube.com/watch?v=44JqNJq-PC0[/video][/QUOTE]
fans have a finite lifespan and gpu fans are a pain to replace
I wonder if this will have a knock-on effect on the rest of the GPU market. I don't think miners were [I]directly[/I] causing the high-end stuff (eg. 1080 Ti) to be inflated, but by vastly increasing the demand for mid-range, the high-end parts soaked up some of the demand elasticity, which would have driven up their price in turn.
Probably won't be much but I wouldn't be surprised if top-end cards dropped by $50 or so.
[QUOTE=meppers;52475686]fans have a finite lifespan and gpu fans are a pain to replace[/QUOTE]
quite a few 500 and 400 series cards (ones mainly used for mining) have very easily replaceable fans, manufacturers started to go for that around that time.
[QUOTE=gman003-main;52475688]I wonder if this will have a knock-on effect on the rest of the GPU market. I don't think miners were [I]directly[/I] causing the high-end stuff (eg. 1080 Ti) to be inflated, but by vastly increasing the demand for mid-range, the high-end parts soaked up some of the demand elasticity, which would have driven up their price in turn.
Probably won't be much but I wouldn't be surprised if top-end cards dropped by $50 or so.[/QUOTE]
[t]http://i.imgur.com/gyz2sVN.png[/t]
Better be more than just a $50 drop.
[QUOTE=chipsnapper2;52475729][t]http://i.imgur.com/gyz2sVN.png[/t]
Better be more than just a $50 drop.[/QUOTE]
In what world is a 1060 a "top-end card"? Entry-level stuff like the 1060 is going to plummet, or at least go back to MSRP, maybe a bit under. It's the high-end stuff that wasn't directly affected by mining that I'm talking about.
[QUOTE=meppers;52475686]fans have a finite lifespan and gpu fans are a pain to replace[/QUOTE]
Biggest problem is getting a replacement fan/cooler, and that's mostly a problem with non-reference designed PCB's
I'm suddenly dreaming of a long awaited upgrade from a GTX 760. A card I bought specifically to play Bioshock Infinite.
[QUOTE=rampageturke 2;52475720]quite a few 500 and 400 series cards (ones mainly used for mining) have very easily replaceable fans, manufacturers started to go for that around that time.[/QUOTE]
All of my 500 and 400 series cards can have the fan replaced without a single tool. It's pretty useful actually.
[QUOTE=ironman17;52475658]I'm confused, how exactly does the "mining" of virtual currency work?[/QUOTE]
You make your computer contribute to a simple and verifiable but resource-intensive task (equivalent to checking a file's MD5 hash, but much more resource-intensive, purposefully so to avoid people completing the tasks quickly and inflating the coin) and when the group you're "mining" with completes that "chunk" of work, they get awarded some coins and split them according to the amount of work they put in.
Back when crypto was young mining was profitable from even CPUs. Then they quickly moved to better threaded applications that could make use of GPU's thousands of (lower-powered) cores, people would mine overnight or whenever they weren't using their personal computing power. At this point that's not profitable unless you have a farm of dozens of GPUs all running as efficiently as possible and the electricity you're running them on is cheap, or you use the new tech that's been specifically developed for mining (ASIC and FPGAs).
[QUOTE=chipsnapper2;52475465]
[B]Remember kids, if you're looking for a new GPU to play games, do [I][U]NOT[/U][/I] buy a card that was mined on, simply wait for your favorite retailer to drop prices for a new one. Mining cards may have shorter lives due to the extreme power-on hours associated with mining.
[/b]
[/QUOTE]
Oh give me a break. with that logic you shouldn't buy ANY used gpu.
used ETH cards aren't actually that big of a deal. Eth is mainly memory heavy, whereas bitcoin hit the actual GPU die much harder and hence pulled a lot more power through the VRMs. around 2011-2012, many 3rd party cards had worse VRM configs than they do now, esp AMD ones. So a lot of 7xxx amd cards basically roasted their VRMs or wore the fans out because they were running so hard. Etherium is typically only gonna put 70-80% load on the GPU, a used card may as well be any other one that was gamed on.
[QUOTE=nintenman1;52476004]used ETH cards aren't actually that big of a deal. Eth is mainly memory heavy, whereas bitcoin hit the actual GPU die much harder and hence pulled a lot more power through the VRMs. around 2011-2012, many 3rd party cards had worse VRM configs than they do now, esp AMD ones. So a lot of 7xxx amd cards basically roasted their VRMs or wore the fans out because they were running so hard. Etherium is typically only gonna put 70-80% load on the GPU, a used card may as well be any other one that was gamed on.[/QUOTE]
You don't even need to mine to roast a 7950's VRM, mine did it on its own after years of heavy gaming and overclocking :v:
[QUOTE=latin_geek;52475956]You make your computer contribute to a simple and verifiable but resource-intensive task (equivalent to checking a file's MD5 hash, but much more resource-intensive, purposefully so to avoid people completing the tasks quickly and inflating the coin) and when the group you're "mining" with completes that "chunk" of work, they get awarded some coins and split them according to the amount of work they put in.
Back when crypto was young mining was profitable from even CPUs. Then they quickly moved to better threaded applications that could make use of GPU's thousands of (lower-powered) cores, people would mine overnight or whenever they weren't using their personal computing power. At this point that's not profitable unless you have a farm of dozens of GPUs all running as efficiently as possible and the electricity you're running them on is cheap, or you use the new tech that's been specifically developed for mining (ASIC and FPGAs).[/QUOTE]
Oh, so it's kind of like the @home programs (SETI@home, Folding@home, etc), except you get paid for taking on decryption and analysis tasks? Pretty interesting.
[QUOTE=ironman17;52476144]Oh, so it's kind of like the @home programs (SETI@home, Folding@home, etc), except you get paid for taking on decryption and analysis tasks? Pretty interesting.[/QUOTE]
That's the gist of cryptocurrencies, yeah.
Very few of them even do both, you get paid while it contributes to scientific research.
Just remember to do thorough research instead of jumping on the hypetrain of the most prominent one besides Bitcoin.
[QUOTE=Genericenemy;52475846]I'm suddenly dreaming of a long awaited upgrade from a GTX 760. A card I bought specifically to play Bioshock Infinite.[/QUOTE]
I feel ya! I've been rocking a GTX 650 since the sixth grade. Its good for the likes of Garry's Mod lol. Hopefully I can upgrade to a GTX 980 or better.
Time to sli some 1070s
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