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Anyone buying hardware to mine Ethereum is going to lose

By Anthony Garreffa from Jul 8, 2017 @ 13:35 CDT

Second Hand Market


There might not be many Radeon and GeForce graphics cards right now, but the flood of GPUs that will hit the second-hand market in the next couple of weeks is going to be like nothing we've ever seen before. This is going to be a great thing for consumers, and either a regrettable thing for the ex-miners, or a break even point as they leave the digital currency mining game.




AMD and NVIDIA will no longer have gamers mad at miners because there's a lack of stock, because stock will get replenished over the coming weeks and most likely won't get to the point of where it has been for the last few weeks.



This doesn't mean there won't be demand, but the coming DAG increase will push so many new people out of the market, they'll give up very quickly once they realize their revenue and profits are dropping rapidly... making it more expensive to run the mining system/s with larger power bills to run it all 24/7.


The mining-specific cards will be useless in the second-hand market with 90-day warranties and no display connectors; they will only be a good buy for fellow miners who want cheap mining-specific cards. But if these GTX 1060/RX 580 cards are selling for $249 and are let's say two months old at the time of sale, they'd have to be something under $100 before most people would prepare to buy them.

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