GPU price trend chart

1 : Anonymous2021/06/16 17:10 ID: o19vxt
GPU price trend chart
2 : Anonymous2021/06/16 17:15 ID: h1zmz88

Looks like its starting to decrease, I'm seeing a lot of miners sell their rigs too. Maybe there is hope on the horizon.

3 : Anonymous2021/06/16 17:14 ID: h1zmu6i

Well, as crypto decreases in value (which it has been), GPUs used for mining are going to start flooding the market. Mix that with the decreases demand for GPUs due to the lower demand from miners, and you will see prices begin dropping.

4 : Anonymous2021/06/16 18:38 ID: h1zyj91

Looks like the waiting game is finally paying off.

ID: h20dfqa

They've still got a very very long way to fall before they are back to "normal." This decrease tracks almost perfectly with the timing of the crash in ETH prices. If the price of ETH goes back up, expect these prices to go back up as well.

5 : Anonymous2021/06/16 20:50 ID: h20gwtk

I'm looking forward to purchasing my RTX 3080 for 400$ from the idiots who paid 2000$ on them to "get rich quickly" but instead got f**d quickly.

6 : Anonymous2021/06/16 20:30 ID: h20e8a6

his needs to go back farther, I want to see a chart with the price of a 480 and 580 from release til now.

7 : Anonymous2021/06/16 17:58 ID: h1zsx8g

lots of miners selling for sure, but at least in Europe i don't see prices going down, they are still rising, no matter what that chart says.

ID: h2045b6

In what part of Europe are you? I kept an eye on GPU prices recently and at least in Austria (and to some extent in Germany) it does seem that GPU prices have started a downward trend at around middle to end of may. So it lines up pretty well with the posted chart.

ID: h20npc9

he talks about ebay, i said Europe. What do you mean Austria and Germany, ebay listings from those countries?

8 : Anonymous2021/06/16 19:08 ID: h202q93

Bearish signal?

9 : Anonymous2021/06/16 20:29 ID: h20e1hk

Noticed prices were going down slightly too.

10 : Anonymous2021/06/16 18:49 ID: h2005uq

Someone here on this reddit stated that with ETH going POW at the end of the year, alot of cards can't pay for themselves so miners aren't willing to buy an overpriced GPU anymore that they might need to flip for 1/5 what they paid for and still loose money overall.

11 : Anonymous2021/06/16 19:56 ID: h209ha8

fyi Ethereum mining has gradually gotten significantly less profitable in the last 2 months and it's not just due to the price crash but because of increased difficulty due to new asics entering the space. Then by the end of this month eip 1559 is getting deployed which will further reduce rewards even if ethereum's price recovers and network transacrions increased. So I think gpu mining will gradually decrease in popularity specially for those who fomo'd in too late and there will be a lot of used cards getting sold

ID: h20e3ga

This isn't true, the difficulty has actually been decreasing slightly since the middle of May. Rewards are dropping primarily due to gas fees decreasing due to decreased demand for ETH block space (NFT + shitcoin bubble popped) and MEV moving out of the gas auction. With gas fees mostly out of the picture and MEV being paid for on the side, the impact of 1559 to miner income will be minimal.

All it would take is another spike in the price of ETH and mining rewards will increase accordingly. A lot of ETH fanboys expect 1559 to pump the price when it hits, and if that happens, expect this chart to curve back in the other direction.

ID: h20zzrg

I'm so glad to see miners desperately trying to convince people the writing isn't on the wall.


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