Quote from: Meteorite777 on Today at 03:38:01 AM

Quote from: bitquad on Today at 12:56:07 AM

Quote from: Meteorite777 on January 03, 2021, 10:48:44 PM

Anyone else thinking of dumping hardware at these prices? I've got a modest farm of around 7-8 GH/s and once I saw RX 580's break $200 I started listing them on ebay. I've sold around 30-40 so far atleast between $200, 225, and 250. I see new ones sold by Best Buy for $279.99 on ebay so I could see getting up around there but I can't imagine going much higher. Not to mention my cards are all unbranded chinese "Ethecoin" manufactured.

I just figured at $200+ you can flip 2 x 580's into 1 x 3060Ti for the same hash at half the power consumption when stock comes available within the next few months (hopefully?). I was thinking I could sit on the cash for a few months but if it's any longer it is probably smarter to just keep the cards with ROI currently at 6-7 months. Any one else got opinions on selling RX 580 8GB's at $225-250+ and or predictions on when RTX 30xx series stock will lighten up?

That's a decent farm you've got! How many GPUs? What's your ETH payout per week?

I have 1.4 GH/s and my payout last week was around .642 ETH.

You might have to wait a while to get replacement GPU cards. And how much longer can you mine ETH?

I am also tempted to get rid of my cards but they are heating the house. I don't want to wait too long though because GPU stock could be replenished and then used prices will drop accordingly.

I have a few questions:

1. Did you reflash the RX580 cards to stock when you sold them?
2. Which shipping carrier do you use?
3. Are you advertising the GPUs as being used for mining?
4. Are you listing them in bulk? Example: 20 available?
5. How much is Ebay getting as commission?
6. Any dishonest buyers claiming the cards are not working? I heard that EBAY usually sides with the buyer.

I might try Facebook Marketplace instead.

Let me know.

Thanks!

I actually mined into Bitcoin not ETH direct and have sold most of it off every month. Much easier on accounting and the sanity (I had start-up costs to pay; my electrician just cashed a 5k check for my 3ph infrastructure). I also sold off a good chunk around 10k BTC/USD so I don't really have reserves but am comforted in that I won't lose my gear during a flash crash either. Mining is sort of my hedge/safety net in the crypto space when compared to margin trading.

In any case here are the answers to your questions:

1) No I keep them flashed; but I usually run a stress test through 3dMark TimeSpy to make sure it can handle gaming loads as well (sometimes I omit this if selling bulk to a miner, knowing they were pulled from my deployment but I make sure to if going to a gamer.)
2) I ship through USPS Priority Mail
3) I am unabashedly advertising them as mining cards; "Mining" is in my username and I mention that they are already flashed and ready to go and post a hashrate screenshot in my listing.
4) I am listing them in batches of 12-20 yes. 10 just sold @ 250 this morning; averaging 2-10 a day in sales lately.
5) Ebay normally takes 10% commission and paypal takes 3.5% or so. I pay $30/month for an Ebay Store Subscription which knocks down the fee category for certain items. For GPUs it brings it down to 6.5% from 10% commission. Whether the $30/month is worth saving 3.5% on your gross revenue depends on your volume. For me it was obvious.
6) I have had a return or two; it seemed like buyers remorse but the guy said he "didn't have enough power or CPU" for it to work. Not sure if user error or BIOS issue but it worked when I got it back. Paypal will usually side with the buyer yes. You are welcome to record down serial numbers.

Thanks for the feedback.

I mined Ethereum mostly and for a short period zcash. Glad I stopped with zcash because it has gone nowhere. I never converted anything to cash. Fortunately I was able to fund the equipment and electrical out of pocket. The crypto prices were too depressed later in 2018 - present for me to have a motivation to convert to cash. My mindset is I'd rather hold crypto and see it go to zero than sell at a lower price and see it go to the moon. I also did not bother trading much though I could have had significant gains if I knew when to buy and sell. The thing is it is easy in hindsight to see it but you just never know which way things will go. A lot of luck is involved imo.