I'm in the same boat. Currently running 48 x 1070ti's. I've hit my ROI, so they are all profit right now. Hard to make the decision to sell when 1) new GPU's are just about impossible to find, and 2) GPU's prices are doubled, sometimes tripled. With that said, ETHEREUM EIP-1559 is going to be implemented, which is not good for miners. Plus ETHEREUM will eventually become 100% PoS. So another option is to sell all my hardware and just buy ETHEREUM.
I totally hear you on the 1070. I have a bunch still but with increase in mining profits the 1070 are making as much or more than when I bought them in 2017. I'd rather be mining than over paying for new gear.
Discovered and started enjoying your videos when doing 3060 Ti research :) I agree on many points, same here - it was a time of consolidating old stuff / inventory / rebuilding, getting some additions (if possible) and selling what's not worth it anymore (but still ROIed long ago) - cheers man!
I think it makes sense to sell gpus after mining for 3-4 years because you can get all your money back in this market on a used gpu that could fail soon since it’s been used for so long already but I would try to quickly take that money from the sale and buy newer gpus at msrp (very difficult but possible)
You could make the 1070 Ti more efficient. I'm running one in my gaming rig and it can do about 29MH at around 100w. Still not that great, but you could save a bit on power there. Something to do in the meantime until you can replace them with some newer cards. I'm kinda doing that with a 3090 I was lucky to get from Best Buy. It's fast, but for $1500 it will take longer to ROI than anything else I want. Just keeping it for now until some 3060 or 3080s come my way.
Yeah man. Taking down the rx 570/580 rig was a hassle. Had to take the tig down to a single gpu and flash them all back to stock bios 1 at a time. Then blew them out good, cleaned them, shined them, photo shoot, listed etc. Time consuming. Oh and I researched frames a week ago. U can't get a good price on a frame now. Frames are like 80 bucks for a cheapo. I searched
Bought 3x RX580 4gb last summer from mining farm getting rid of them (4gb limit someone?) Used them for Folding@Home for a while. Paid 100$ CAD each, sold them for 160$ not long ago. That's how crazy it is!
My Asus Cerberus 1070 Ti is making 32MHs with just 110Watts. I would not buy new cards cause they're way too overpriced and if profitability is going to stay like this the whole year there's no chance that they're going to get cheaper so I'll just stick to my old GPUs.
Bought 2 untested RX580 8GB for $70 shipped earlier this week. One was working perfectly, other one was crashing and artifacting. Sold it for $70+shipping. Basically a free 580. But, I am only mining with my "gaming" PC (Optiplex with 550w psu lol) and pretty much stopped using it to be able to mine as much as possible
How much cents do you pay per kilowatt because I’m from California and I pay 21 cents per kilowatt in winter time an during summer I pay about 28 cents per kilowatt
Definitely sell the 1070Ti especially when considering those incredible price on ebay lol Maybe if you are lucky you can maybe come across some sweet deals later downon the road and use that money ;) Have a great weekend my brother and stay safe
Sold my older cards....Rx 480,570,1070 Ti's.Now i have only 3060 Ti's.But i am thinking on 3080 as well for density,but my main problem is that i need more power(whatts)
The smartest move would be to sell cards - and then buying mining power from MHR or NH when ETH dips - since it has much more chance of 5x-ing than BTC does. This would give you immediate positions instead of waiting months to mine the same amount when the value may not be as high.
You are thinking very wrong. The prices now for these older cards are high, because the new cards are out of stock, you either sell now and make profit and wait out to buy the new one's or sell them cheap in 3-4 months and buy also new ones. You cant have the best of both words. The people buying aren't idiots, they want hashrate and efficiency ,preferably new cards
Thanks for the comment. I’m parting out 4 already since I was able to get 2 3060 Tis. In reality that’s the hash power of 4 1070 Tis right there which I wasn’t thinking of. 1 more 3060 Ti to go and I’ll clear that whole old rig. You are right. It’s a risk trying to hold onto old until you can replace them. Happy mining brother!
Sell? Prices are crazy and you can get back more than what you spent a year ago. Keep? Mining is the most profitable it has been in the past year. Its hard to figure what to do. Both have their pros and cons
@@RedFoxCrypto thank you for your answer, I am in Ecuador and actually they cost around $700 so it is like $600 in the USA and that got me thinking but i think i can sell it after for about $100 less so I dont know
I am seriously trying to get into mining but I can't buy at this point. With these prices my roii would be 15+months assuming ETH stays at the current profitability. It's not realistic to me. I'm curious to see what other new and old miners think.
Only thing I would be buying are the RTX 3000 series at their actual prices. Those cards will retain value the longest and remain more profitable when the market turns. Buying anything at the crazy inflated used prices is really risky.
Depends on the price you can get it at. I'd personally stay away from it as it's an older card with poor efficiency that will have little resell value down the road.
I sold 3 RX570 8G and I wanted to get a couple RX5700s, BUT! there is none in my area at the moment and we won't get any unill the end of February... I kind of regret for selling the 570s
Yes as long as they are constantly power limited. Personally, I’d run them off a 900 watt server PSU with a lower wattage ATX PSU doing all the other components.
This is exactly what I was thinking. If you're going to sell, you need to do it before availability comes back. I'm thinking of selling my Sapphire 5700xt pretty soon as I can get about $750 USD for it right now, which is double what I paid for it. Might keep mining for a month or two and hope the ETH price stays up and then sell.
LOL if most people can get 3000 series with actual non inflated price then these old 8GB gpus won't even be at half of what their prices right now. if you sell me your 3060 ti for 500 then i will be more than happy to sell my RX580 for 300 and so on
Yet I'm surprised at what people will pay for 4-5 year old GPUs. Just seems crazy to me, especially in the realm of technology. Tech at that age is considered ancient.
Sell old GPU when the price is up because Nvidia and AMD are going to bring back the supply and the price of all GPU will go down the drain at some point. Strong Hands but you need to know when to sell.
If you Can find someone who's dumb enough?I'd say go for it!!! Anyone paying that much is out of their mind..... And Never owned a Graphics Card Before..... I can't count how many cards I've gone through the years just Gaming nevermind Mining on them 24-7 Especially with No Warranty those cards can literally can go out Anyday with no rhyme or reason and expect they have enough life to get your Money Back?I highly doubt it better off just Buying some Ethereum much less risk....
Selling older GPU's and getting into more efficient ones at this moments is a smart play at this time. That's if you can get them.
I agree cuz in 3+ years this cycle will likely repeat.
absolutely man. Great video and great camera work. I love it!
Thanks brother!
I'm in the same boat. Currently running 48 x 1070ti's. I've hit my ROI, so they are all profit right now. Hard to make the decision to sell when 1) new GPU's are just about impossible to find, and 2) GPU's prices are doubled, sometimes tripled. With that said, ETHEREUM EIP-1559 is going to be implemented, which is not good for miners. Plus ETHEREUM will eventually become 100% PoS. So another option is to sell all my hardware and just buy ETHEREUM.
Do you think mining will die? Or will some other coin still be good to mine?
I totally hear you on the 1070. I have a bunch still but with increase in mining profits the 1070 are making as much or more than when I bought them in 2017. I'd rather be mining than over paying for new gear.
Discovered and started enjoying your videos when doing 3060 Ti research :) I agree on many points, same here - it was a time of consolidating old stuff / inventory / rebuilding, getting some additions (if possible) and selling what's not worth it anymore (but still ROIed long ago) - cheers man!
Thanks brother! Cheers!
Don't forget you lose roughly 13% of sale price on eBay, at least that's what it is here in the UK.
Prices did the exact same thing in 2017. Had to build my frames from wood and aluminum
Wooden 2x2s in my case LoL, still holding to this day :-)
I think it makes sense to sell gpus after mining for 3-4 years because you can get all your money back in this market on a used gpu that could fail soon since it’s been used for so long already but I would try to quickly take that money from the sale and buy newer gpus at msrp (very difficult but possible)
You could make the 1070 Ti more efficient. I'm running one in my gaming rig and it can do about 29MH at around 100w. Still not that great, but you could save a bit on power there. Something to do in the meantime until you can replace them with some newer cards. I'm kinda doing that with a 3090 I was lucky to get from Best Buy. It's fast, but for $1500 it will take longer to ROI than anything else I want. Just keeping it for now until some 3060 or 3080s come my way.
Yeah man. Taking down the rx 570/580 rig was a hassle. Had to take the tig down to a single gpu and flash them all back to stock bios 1 at a time. Then blew them out good, cleaned them, shined them, photo shoot, listed etc. Time consuming. Oh and I researched frames a week ago. U can't get a good price on a frame now. Frames are like 80 bucks for a cheapo. I searched
Bought 3x RX580 4gb last summer from mining farm getting rid of them (4gb limit someone?) Used them for Folding@Home for a while. Paid 100$ CAD each, sold them for 160$ not long ago. That's how crazy it is!
How many watts would I need for a small 3 gpu rig? prob 3060's once they come out
Nice video. I was thinking of selling my mining specific cards to replace them with other gpus.
Now is definitely good time to do that. Sell them on rig and make some money. Lots of newcomers looking for plug and play
My Asus Cerberus 1070 Ti is making 32MHs with just 110Watts. I would not buy new cards cause they're way too overpriced and if profitability is going to stay like this the whole year there's no chance that they're going to get cheaper so I'll just stick to my old GPUs.
Good results for that card Lance. Thanks for watching and commenting.
Bought 2 untested RX580 8GB for $70 shipped earlier this week. One was working perfectly, other one was crashing and artifacting. Sold it for $70+shipping. Basically a free 580. But, I am only mining with my "gaming" PC (Optiplex with 550w psu lol) and pretty much stopped using it to be able to mine as much as possible
Haha sounds like me when I first got into mining. Game when this card could be mining and making money????
@@RedFoxCrypto Yeah haven't gamed on it since I got the card XD
how are these rings going to operate when Ethereum changes from POW to POS?
Time will tell. We’re still at least a couple years away from that switch.
what is POW to POS mean.
@@alphazulu7488 proof of work to proof of stake
How much cents do you pay per kilowatt because I’m from California and I pay 21 cents per kilowatt in winter time an during summer I pay about 28 cents per kilowatt
I pay 13 cents during winter and 15 during summer.
@@RedFoxCrypto Wow! That's high.
Wrong part of California. I live in Sacramento and 8/12 months of year, average price is .
11cents/kWh. Summer bumps it to 14cents/kWh for 20hr/day.
Definitely sell the 1070Ti especially when considering those incredible price on ebay lol
Maybe if you are lucky you can maybe come across some sweet deals later downon the road and use that money ;)
Have a great weekend my brother and stay safe
Thanks brother! Time to start cleaning up those old GPUs to send to a new home!
Sold my older cards....Rx 480,570,1070 Ti's.Now i have only 3060 Ti's.But i am thinking on 3080 as well for density,but my main problem is that i need more power(whatts)
The smartest move would be to sell cards - and then buying mining power from MHR or NH when ETH dips - since it has much more chance of 5x-ing than BTC does. This would give you immediate positions instead of waiting months to mine the same amount when the value may not be as high.
Thanks for the suggestion dude. Could also sell those cards and buy ETH. Hoping ETH crushes last ATH.
101% agree! but it's cheaper to buy hashing power than to buy eth from an exchange - that's why I mention it - and of course - why it even exists :)
@@witness1013 how do you buy hashing power please?
Ha...id like to think I helped inadvertently with this video -"altered component"
You did!
@@RedFoxCrypto so nice, I watched it twice ;)
You are thinking very wrong. The prices now for these older cards are high, because the new cards are out of stock, you either sell now and make profit and wait out to buy the new one's or sell them cheap in 3-4 months and buy also new ones. You cant have the best of both words. The people buying aren't idiots, they want hashrate and efficiency ,preferably new cards
Thanks for the comment. I’m parting out 4 already since I was able to get 2 3060 Tis. In reality that’s the hash power of 4 1070 Tis right there which I wasn’t thinking of. 1 more 3060 Ti to go and I’ll clear that whole old rig. You are right. It’s a risk trying to hold onto old until you can replace them. Happy mining brother!
@@RedFoxCrypto I believe you made the best choice. Especially if you pay for electrical. Happy mining bro
Sell? Prices are crazy and you can get back more than what you spent a year ago. Keep? Mining is the most profitable it has been in the past year. Its hard to figure what to do. Both have their pros and cons
If you have unlimited space , then keep the old cards. But if you have limited space, then sell for 3000's GPU. But not at massive inflated price.
Would you pay today $600 for a 3060ti to get 60 mh//s or that would be too expensive ?
I am in that situation
It's a little pricey for me. Sub $500 is where I'm at.
@@RedFoxCrypto thank you for your answer, I am in Ecuador and actually they cost around $700 so it is like $600 in the USA and that got me thinking but i think i can sell it after for about $100 less so I dont know
I am seriously trying to get into mining but I can't buy at this point. With these prices my roii would be 15+months assuming ETH stays at the current profitability. It's not realistic to me. I'm curious to see what other new and old miners think.
Only thing I would be buying are the RTX 3000 series at their actual prices. Those cards will retain value the longest and remain more profitable when the market turns. Buying anything at the crazy inflated used prices is really risky.
your opinion on vega 56, almost free electricity
Depends on the price you can get it at. I'd personally stay away from it as it's an older card with poor efficiency that will have little resell value down the road.
I sold 3 RX570 8G and I wanted to get a couple RX5700s, BUT! there is none in my area at the moment and we won't get any unill the end of February... I kind of regret for selling the 570s
Yeah dude that’s tough. The 5700s went out super fast. I was trying to pick up more before the new NVIDIA series but they were already gone.
only sell after you have the replacement already! unless you don't have money
psu for 6 3060ti's? 1200w enough?
Yes as long as they are constantly power limited. Personally, I’d run them off a 900 watt server PSU with a lower wattage ATX PSU doing all the other components.
Yeah I sold all my 1080ti's and I'm loading up on 30 series cards. Already got a few :)
Awesome dude. I need to do the same ASAP.
@@RedFoxCrypto Here in Canada our stock issue isn't that bad so it actually isn't too hard to get your hands on them.
@@gregsbuilds7997 really? ive had no luck on CC and newegg and BB, where did u get yours?
@@iBeaturscore All at CC they restock daily. Just got to be quick haha
"Nvidia announces $329 GeForce RTX 3060, available in February... with12GB of GDDR6 memory "... should I wait? instead of buying a 3060 Ti .
The Bus is slower so not sure how well it will mine.
I would say your logic is somewhat flawed. when you are able to get 3060tis so will everyone else so then your 1070tis won't sell for as much.
Good point. I’ve got 2 now, waiting on EVGA waitlist for a 3rd. I should start selling them now.
This is exactly what I was thinking. If you're going to sell, you need to do it before availability comes back. I'm thinking of selling my Sapphire 5700xt pretty soon as I can get about $750 USD for it right now, which is double what I paid for it. Might keep mining for a month or two and hope the ETH price stays up and then sell.
If you sell the card for $350 it would be at least a month before you were loosing out waiting to buy a 3060ti.
great video as always mate ;)
Thanks buddy!
at least refurbished the fans. buy new one and change them out for the new owner.
LOL if most people can get 3000 series with actual non inflated price then these old 8GB gpus won't even be at half of what their prices right now. if you sell me your 3060 ti for 500 then i will be more than happy to sell my RX580 for 300 and so on
Yet I'm surprised at what people will pay for 4-5 year old GPUs. Just seems crazy to me, especially in the realm of technology. Tech at that age is considered ancient.
Im trying to get 3060 ti for my gaming pc which I will use mostly for mining
That's awesome. It's a fantastic GPU.
@@RedFoxCrypto Yeah. Just out of stock from everywhere :D
I but all b250 89 now there are at 250us it is crazy
Also I'm tranfer all not eth mining car to nicehash for bitcoin
if i can find rtx 3060ti for 399 $ , i can buy at least 50 cards
Nice dude! Hard to find at that price now. Here in the US everything went up because of tariffs.
@@RedFoxCrypto in my country price is 1100$ now :)
@@WTDukePleuX exact the same here, and shitty scalper in my country ;)
Uh oh.
I'm thinking of buying :/
Buy new at good prices! The used market is too crazy.
FInding a card right now, sucks
Yeah dude it’s near impossible. Best Buy seems to be the best bet for me.
Sell old GPU when the price is up because Nvidia and AMD are going to bring back the supply and the price of all GPU will go down the drain at some point.
Strong Hands but you need to know when to sell.
You are 100% right my dude.
Sell and pool the money to get rtx3080
Hey budy
Sup dude.
If you Can find someone who's dumb enough?I'd say go for it!!!
Anyone paying that much is out of their mind.....
And Never owned a Graphics Card Before.....
I can't count how many cards I've gone through the years just Gaming nevermind Mining on them 24-7
Especially with No Warranty those cards can literally can go out Anyday with no rhyme or reason and expect they have enough life to get your Money Back?I highly doubt it better off just Buying some Ethereum much less risk....
First!!!xD