I'm supposed to be picking up 6 x EVGA 1070's tomorrow from a local seller for $200/each; with all rig parts (frame, cpu, mobo, PSU, RAM, risers, etc) thrown in for a grand total of $1200 for the whole bundle.
What do you guys think? Good deal or would you rather hold off to see what AMD brings in the form of 7nm? I don't expect a 7nm release from Nvidia any time soon so not too worried there.
They are making pretty much diddly squat @ my current rate of $0.13/kWh, but I can't imagine 1070's depreciating much below $200 in the next year or two (much less nice EVGA models). I basing this partially off the fact that I sold my old 970 (a generation older mind you) a month or two ago for $150, and partially by looking at the cost of a new RTX 2070 relative to it's performance increase.
If I had the $1200 I'd be all over that deal JUST for the cards.
Even at your rate they should be profitable (though not by much) at efficient settings on ETH, and there are a couple small-cap things they'd do better one.
I'm not seeing deals like that out here at ALL, but I'm sure that very few cryptocoin miners in this area are giving up yet due to the still low (for now) electric rates.