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Cryptocurrency mining deflates, used GPUs hit eBay

By: Anthony Garreffa | Editorials in Video Cards | Posted: Jul 20, 2017 7:36 pm

Here They Come...


This is another thing I warned about in my Ethereum content, the second-hand GPU market lighting up at the first sign of major trouble, and here we are. Radeon RX 400 and RX 500 series cards are hitting eBay, Amazon, and other second-hand markets - joining used GeForce GTX 1060s as well.




There are finally Radeon RX 400 and RX 500 series cards on Amazon, with the MSI GeForce GTX 1060 Gaming X 6GB selling for $298 - a great price considering they were $100+ on top of that a couple of weeks ago. Radeon RX 570 4GB and 8GB models are back at $300+ but look at the Club3D Radeon R9 390 8GB... listed for $339. But it gets worse.





VisionTek's Radeon 7870 2GB (which would be junk for ETH mining) is a massive $373... I don't even.




Radeon RX 580 8GB cards are $400+ which is still heavily inflated, even the PowerColor RX 580 4GB is $449 (but there's six left in stock at least).



eBay Prices: $400+ For Radeon RX 580


It's not just the new cards on Amazon, but the second-hand markets are lighting up with used Radeon RX 580s in both 4GB and 8GB varieties. There are even brand new SAPPHIRE Nitro+ RX 580 8GB models selling for $700, while RX 580s from SAPPHIRE, MSI and GIGABYTE are selling for $410 to $464.




Some people are cashing in with six SAPPHIRE RX 580s for $4000... while "brand new sealed" SAPPHIRE Nitro+ RX 580 8GB models are also listed for $491. Crazy stuff.




Once these sellers realize that the consumer Ethereum mining adventure is all but dead, these prices will come down. The DAG for Radeon users is also getting scary high, with NVIDIA GeForce cards becoming a better alternative for not just ETH mining, but Zcash mining - and power efficiency. Most of my personal mine are GTX 1060s and GTX 1070s, as they rock some amazing price/power consumption/mining speed.

    PRICING: You can find the product discussed for sale below. The prices listed are valid at the time of writing, but can change at any time. Click the link below to see real-time pricing for the best deal:


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