Haan non LHR will not be even pricier and it also started that chain reaction. AIB 3080 on all online stores is starting to touch 2L, almost nearing 1.8L. 3070 has moved from 1.1L to 1.2L or 1.3L.
Nvidia RTX 3XXX Series announced
- Thread starter burntwingzZz
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Any idea what these cards were going for in March? Pretty weird some dude jumped in and bought 30 of them only to mine for 2 months and decided to salvage the rest of the investment by selling instead, maybe a smart decision.
Can't say how it'll be once LHR is here. If the mining profits are low there won't be much demand for non LHR cards too but if the profits are high enough then yeah. If LHR cards are also getting scalped then it'll be the same story, high prices. Btw FE cards are going to remain non LHR so even more competition there.
burntwingzZz
Innovator
Loan Leke setup banaya hoga ,the moment there is no profit its balls to the walls .Guys just dont break in now as we will have to deal with middleman now ,we as community should have a rate card for all the models of the GPUS ,keep prices open and a separate GPU buy sell section
kartikoli
Innovator
Not sure what was the price in March, I was eyeing a card in 20k range and was disappointed with launch price of 3060/3070 but since then we all know the story.
This mining craze can only go down if profit drops thats the only solution at this point in time. For new cards with LHR lets hope it works and not get cracked like first attempt from nvidia
Selling price - 90k
Purchase price - somewhere around 70~75k (assumption)
Mining profit - not sure but say 1L?? Miners can confirm
So in couple of months he made good profit, not bad at all and selling them when there is high demand
This mining craze can only go down if profit drops thats the only solution at this point in time. For new cards with LHR lets hope it works and not get cracked like first attempt from nvidia
It is as he might have purchased those cards at low rate that what it is now so
Selling price - 90k
Purchase price - somewhere around 70~75k (assumption)
Mining profit - not sure but say 1L?? Miners can confirm
So in couple of months he made good profit, not bad at all and selling them when there is high demand
nitin_g3
Herald
During March-April, one 3070 was easily earning 10k minimum per month. So 3 lakhs a month using all 30 cards. 6 lakhs in 2 months using 30 rtx 3070s. Now one card runs on 125 watts if optimised well. Calculate the electricity cost based on the state he was mining in.
burntwingzZz
Innovator
China’s Setting up a Hotline for Snitching on Cryptocurrency Miners
The Blockchain Scare
www.tomshardware.com
They probably made close to 10L in mining and now they're selling for the same price that they bought. 10L profit in this short timeframe by investing 30L is pretty good. They know mining won't be profitable enough anymore in the coming months. These middleman will try to keep the prices high for a while till many more GPUs get dumped in used market.
nitin_g3
Herald
Ya they may not admit it but they definitely are concerned about upcoming losses lol.
Just to be clear I don't have anything against (hobbyist) miners [emoji14] Lots of gamers are mining and with hindsight it looks like it would've been a smart decision to buy a card earlier even at scalper prices, mine for a month and think of it like getting a discount on the card or getting it down to MRP. This is probably no longer viable.
They're only in it for profits, they don't care if a miner buys it or a gamer buys it just like they don't care if people buy it for professional use like cafes, rendering. If it sells and making big profits why would they wanna kill it during its peak demand.
3090FE lelo
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Yeah got the above mail. I wished PABGB sent at least one email which was worth keeping. In past 2 years every email they sent was useless like this. Their seasonal discounts are the best. 200 off on a 50k build or something. Not sure whether they are serious!
burntwingzZz
Innovator
he has a RX series card in his existing dabba hence he is selling 3090 for higher profitThey're only in it for profits, they don't care if a miner buys it or a gamer buys it just like they don't care if people buy it for professional use like cafes, rendering. If it sells and making big profits why would they wanna kill it during its peak demand.
3090FE lelo
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I wouldn't trust these FE 3080/3090 because if they were mined they'd be in way worse condition as they get too high memory junction temps, even in even in 21c rooms and we know Indian climate.
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