Post
Topic
Board Mining (India)
Merits 1 from 1 user
Re: Mining hardware and prices
by
amishmanish
on 29/12/2018, 06:06:43 UTC
⭐ Merited by Heisenberg_Hunter (1)
I am curious where do Indian miners find there hardware and what is the pricing? Is it far different than US market?
I have my own mining farm and hosting facility in US here though always been curious about Indian market.

Being a gamer, I always knew that graphics cards were very expensive back then. I am sure the price gap is reduced a lot now but wondering how much is the difference.

Like RX580 brand new is around $200 now here in US, while 2070 is around $500 and so on. Are gfx cards easily available in India?

As far as GPU mining is concerned, these are available at several online stores. The prices compared to US markets are pretty high. The premium was even higher during the GPU craze in Nov-Dec 17. A Sapphire Nitro RX580 cost as much as INR 32000 which was ~500USD for the exchange rate at that time.
Today you can get the same RX 580 at INR 22300 which is around USD 320 at today's rates. The prices have been such that there hasn't been any ROI for those that FOMO'ed into GPU mining. (Like me..at a very hobbyist level though).

As far as BTC mining ASICs are concerned, I'd very much like some of the older, non-scammy people in the Indian community to let us know about availability of hardware. Right now, almost all of them will be scammy kids who will run away with your money. Unfortunately, Most of these older Indian community members have themselves fallen into either disrepute or have run businesses to the ground. There isn't much to work with at present. The market is wide open for a trustworthy supplier/ marketer for mining hardware.

Why the interest though?