They weren't scalping them.  The second link I posted is a Ukraine government site with pictures of the Farm with PS4's in rows of racks for mining or possibly farming credits. 

They also had 500 plus graphics cards and the processors needed to run them.

Wish the Ukraine's would give us more details.

That may have been in Malaysia and was likely confiscated from a mining farm stealing power.

At some point they had to do a calculation that it was more profitable to mine with them than sell them or purchase different equipment.

Let's say they got all these PS4's in used in some wholesale auction they probably still had to pay $150 each.  That's over $500k USD.  Do they mine better than a 1050 ti or AMD equivalent?  So do they mine more than a 1060 6gb?  Those were around up till say January for reasonable costs.

It looked clean and well set up so I would imagine it was running for a little while. 

So how much hash does a PS4 give you and what coin/s do you mine with it?

Kind of crazy to see rows of PS4's lined up like that. 

https://wccftech.com/cryptocurrency-miners-caught-with-3800-playstation-4-consoles-after-ukrainian-police-uncover-the-mining-operation/

https://ssu.gov.ua/novyny/sbu-vykryla-naibilshu-kryptofermu-v-ukraini-maizhe-5-tys-kompiuteriv-mainyly-hroshi-na-vinnytsiaoblenerho

Did you go to Zotac's site?  It has the sku right in the middle of the page as well.   

ZOTAC GAMING GEFORCE RTX 3070 AMP HOLO LHR
SKU ZT-A30700F-10PLHR

On Zotaz's site they actually label them lhr

https://us.zotacstore.com/us/zotac-gaming-geforce-rtx-3070-amp-holo-lhr

I'm sure some are quitting as it's summer time but it wouldn't be enough to drop the hash this much.  This is China.  Even Bitmain is stopping spot sales of new miners while they are likely dumping old equipment that they don't want to relocate.

https://finance.yahoo.com/finance/news/bitmain-halts-sales-bitcoin-mining-162000866.html#:~:text=Bitmain%20Technologies%20Ltd.,be%20run%20out%20of%20town.

Amd has come out already and said they won't purposely reduce the hashrate of their cards. 

LHR cards have landed in today's Newegg shuffle.......

With eip-1559 you likely will never see eth mining as profitable again.  Will people tip enough to during congested times to get us back to days where cards are giving us $5, $10 or $20?  Doubtful.

If we lose 20%-40% of revenue and are essentially capped at 2 eth per block it may not feel as bad as a drop from recent record revenue days but over time that's a big loss of revenue.  It may even weaken the coin as gpu's get pointed elsewhere just as new asics come on line making it easier to do a 51% attack.

This is also one of those buy the rumor (which we have seen) and sell the news (which is coming) deals.  I don't think it is going to push the price of eth higher. 

It should be postponed until the coin is fully pos in a few years.

Summer doldrums are setting in.  Really surprised we aren't seeing more about China shutting down mining farms in the forums.  We have dropped over 110,000 ghs on eth.

I've got a small farm of 15 cards doing 800mhs on eth.  I'm at 11 cents for power and to Phil's point above I am still making a profit.  

It's been about 1 year since I started back mining.  I had a 1060 6gb in a pre built rig, added a open box 1660ti  late may.  Then built a new rig last June with a 5700xt I got brand new for $346.  Added a 5700 in July I got for $323 brand new.  I really miss newegg and eBay 10% off coupons.

I originally calculated my roi to be about 10-12 months and expected to get about $0.80 to $1 a day in profit on each card.  I started buying more cards in August last year at between $240 and $350 for 5600xt to 5700xt and built a 6 gpu rig that mined from September to January before I expanded it to 8 and converted the amd's into Nvidia's to get to my current 800 mhs.

I really wish I had built a 2nd 8 gpu rig and let it run for the winter months but now that we have hit summer I don't want to add more as it's just to hot to have that many gpu's in my house.

For ease I mine on Nicehash and convert to btc.  I got really lucky in my timing and was able to sell enough btc as it climbed to cover my  equipment costs, electricity and in most cases sell used cards to cover the full costs plus $100 cash on upgrading to Nvidia 3000 series.

I've roi'd on all my cards and the parts for rigs.  I cashed out 50% of earnings each month for the first 4 months of this year and should have sold more than I did in may.  

I think profitability will be enough that I can mine through the summer heat and still pay my electricity with about $400-$1000 left over each month.  In winter I could still mine if we dropped to about $2 revenue per card per day depending on the coin.

I'm taking 1-2 days revenue a month now and DCA into ADA, Tezos and Algorand as a speculation bet on newish coins and POS with actual use cases.

I think I am more sideways than bull or bear right now.

  

30701 ti isn't out officially until the 10th.  That's when nvidia will most likely release a driver that recognizes the card.

I saw yesterday mining tests of the new 3080ti video card.
Ethereum - 65MH
But other algorithms: MTP, Octopus, CuckooCycle, Cuckaroo29s give an increase of + 12-22% to the hash rate.
The 3080ti will be an even more popular graphics card among miners.

This is not a miner, this is an avid gamer according to Nvidia

[/quote]

Did Nvidia forget that you can't sli those cards?  That's not an avid gamer it's a miner or a reseller lol

Prices have tanked on stockx for 3070's.......

I picked them all to but after thinking about it I would only get one of the $1199 ones or the EVGA ftw3.

I have yet to be able to get EVGA's site to load with a working notify sign up button.  Typical Nvidia launch.

Nvidia can just do what it did after the last bull run and sunset their mining card division and take a write off. 

For a new product line they said they did $150 million in CMP card sales last quarter and expect to do $400 million this quarter.  Big farms are spending a lot still and Nvidia is playing all angles right now.

No problem. 

The prices I am seeing for the non founder 3080 ti versions are close to or more than 3090's.  I've seen some prices floated for the EVGA ultras at $1699 xc3 and $1799 ftw3 MSRP. 

I think there's a slide making the rounds from an article on videocardz.com that shows some MSI ones above $2100 MSRP. 

If those prices hold true the gamers may be able to get some as that pricing likely makes 3090's a better option for miners and hardcore gamers.  Resale on the 3080 TI might not be as profitable as some are thinking.

Haven't seen the AIB pricing on the 3070 ti but Nvidia seems to have priced it at a more reasonable $ jump at $599.  I think this pricing level is attractive for just about everyone lol.

Although the Founder versions are going to be the best priced options for these new cards I am not sure that you can count on the FE versions of the 3080/70 TI's to not be nerfed for ETH. 

I believe Nvidia's statement on FE's never being nerfed was in relation to the existing line of 3060ti 3070/80's.

Nvidia's latest official release statement states all 3070 TI's and 3080 TI's will ship with the LHR mining limiter.

https://www.nvidia.com/en-us/geforce/news/rtx-3080-ti-3070-ti-graphics-cards/

And I quote:

"All GeForce RTX 3080 Ti graphics cards will ship with a reduced Ethereum hash rate so they’re less desirable to professional miners."

"All GeForce RTX 3070 Ti graphics cards will also have the halved hash rate for Ethereum mining."

I think the drop in hash rate from 643 to 605 is due to some equipment getting shipped after being tested and some gpu's getting pointed to mine erg while eth mining profits are down from moon heights.

I don't think it will have to much of an impact as farms will move profitable mining machines elsewhere over time.

Nvidia is selling it's CMP gpu's to someone in large numbers. 

https://www.cnbc.com/2021/05/26/nvidia-pc-gaming-still-more-important-than-crypto-for-revenue.html?utm_term=Autofeed&utm_medium=Social&utm_content=Main&utm_source=Twitter#Echobox=1622073308

Bout time it got put to work! lol