Post
Topic
Board Mining (Altcoins)
Re: Avoid expensive GPU
by
Metroid
on 19/08/2021, 14:53:16 UTC
It still depends on how much you buy your GPU, I bought gtx1660 350$ to 450$ and I bought my 3070 for 1400$ if bear market comes believe me a new 3070 will cost 700$ at the time that's half of the price they are been sold right now

If history serves, in 2018 a 1080ti was being sold for 3000 usd and when bear market came, it crashed below 400 usd, its msrp price was $699, meaning any gpu right now will at least crash 50% msrp at best, so a 3070 will be found second hand market for 300 usd or lower, like 2018, will be so many second hand much cheaper gpus that manufactures even at msrp price will take months to sell few gpus, why would you pay 500 usd while you can buy 300 usd for a 3070? the more gpus miners bought and made all this scarcity will be the more gpus will be for sale very cheap when there is no more to gain from mining and we will have many months of negative profit just like 2018 to 2020 or 2014 to 2016.