Second Hand Rigs Can Be Dumped since the Solo Mining Fantasy Allergic
Second Hand Rigs Can Be Dumped since the Solo Mining Dream Dies
Judging from the motives cited in many classified ads, a change of situation — generally an impending move or a new girlfriend — is frequently the last straw. Like accepting your band will never make it and selling your electrical guitar, then selling your mining rig can be redeemed as the acknowledgement that the crypto fantasy is finished without needing you rich. As most sellers will certainly aver, however, it was a blast — a dumb, sexy blast that has been fun while it lasted.
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Second Hand Mining Rigs Are Affordable — Who’s Purchasing?
For the very first time in quite a while, single GPUs are selling secondhand for significantly less than their RRP, showing that the crypto mining boom is finished, for now. Even though hashrates — like market prices — may fall, it’s unlikely that circumstances will allow it to be profitable to solo mine using a small number of GPUs again. With mining proceeding to cooler climes with cheaper energy, and out of residential areas to purpose built farms, the age of amateur mining is almost over. Besides the reduced sustainability of solo mining GPUs, there’s another reason why many sellers seem to have decided to call it a day: that there just isn’t room.
A look around Craigslist along with Gumtree, two of the main P2P marketplaces in the UK and US, reveals the type of mining channels that may now be acquired. Many of those available have seen less than half an hour ’ utilize, implying that their original owners might not have turned a profit before offloading them. From the Bay Area, one seller is supplying 16x 1080s for $3,950 — or about $246 per card. The seller professes to have paid $4,000 for them but to get the majority of the costs back from mining.
There was just 1 problem: no one can get hold of one. In PC stores around the world, bare shelves inhabited the area where gamers’ go-to upgrade should sit. That’s because a cryptocurrency mining boom, the likes of which hadn’t been seen before, had been in full swing, even using crypto miners clearing shops and wholesalers of all of the components they can lay hands on.
“As I got too many rigs and electrical prices for grade 3 high electrical use is too large for me 45 cents watt rate, I’t decided that I will have to sell a few,” they clarify. Among the rigs looks precarious, to put it somewhat. Within the UK, Gumtree is now revealing 42 mining rigs available, such as a construct of 7x RX480s, “Today surplus to demand, assembled in Q1 2017 to get a friend”. There’s also a rig of 8x 1070s heading for about $4,500.
During the summer of 2017, rising cryptocurrency costs led to a run on high performance graphics cards. Coveted cards using a tall hashrate were snapped up like proverbial hot cakes, leaving players, scientific investigators, and anybody else who relied on flagship GPUs priced out because the cryptocurrency frenzy dropped. 1 year on, and those very same graphics cards can be gotten for bargain prices.
From Hot Property to Obsolete Hardware
Do you believe the age of GPU mining is all finished?
While computer stores in many nations ran dry of desired GPUs like the 1070 and Radeon 570, on second-hand marketplaces they might nevertheless be acquired — to get a premium. From summer into early 2018, if crypto mania was at its peak, cards like the $400 1070 often traded hands for about $800 or more. The wailing of players was drowned from the whirr of heating fans as miners overclocked their newly acquired GPUs and started crunching figures in trade for altcoins. Bitcoin was only minable on ASICs by then, and ethereum was going that way too, but smaller coins like sia, monero, and zcash, in addition to hundreds of lesser known microcap coinsthat were still viable.