Used GPU Market Crash of 2020

What are you willing to pay for a used 2080Ti?

  • $500-600

    Votes: 22 10.5%
  • $400-500

    Votes: 39 18.6%
  • $300-400

    Votes: 73 34.8%
  • $200-300

    Votes: 76 36.2%

  • Total voters
    210

The Cobra

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Just had a look on ebay for used 2080 ti's and saw that they are still between $800/900. I would imagine that prices are still high because the 3080 is no where to be found.
 

vegeta535

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Just had a look on ebay for used 2080 ti's and saw that they are still between $800/900. I would imagine that prices are still high because the 3080 is no where to be found.
I still don't understand why someone wouldn't just hold off till new cards are available. Those $900 cards are going to tank by years end.
 

VulcaN

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because they have a crappy computer / sold their old components and are building a new PC for cyberpunk. No one wants to be waiting to play cyberpunk while all their friends are saying how great it is.
 

dave343

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I still don't understand why someone wouldn't just hold off till new cards are available. Those $900 cards are going to tank by years end.
I bought a 2080 Ti back in very early summer for full price, as I was building a new system and had no idea when NV planned on releasing the RTX 3080, or if I'd be able to get one. I sold mine for $650 on the day of announcement. I got lucky and scored the MSI Trio X 3080, and now plan on selling it within the next week or two whenever I can get a 6800XT ordered lol. (And no, not for profit, I plan on selling the 3080 for what my Newegg Invoice was and not a penny more).
 

JMCB

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I still don't understand why someone wouldn't just hold off till new cards are available. Those $900 cards are going to tank by years end.

You just have to pull the trigger. If you wait for new tech, there’s always more new tech launching right afterwards. That’s why I jumped on the 10900k. Yeah, I could have waited til Ryzen 5000 series, but eventually I’ll have to upgrade again if I want the latest and greatest (I still might jump on it).
 

osrk

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Yeah I'll admit things def turned out differently than I thought.
 

Mchart

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To some. I didn't think it would last this long, but I always thought the prices would raise back up. No one thought the supply was ever going to be good, and you couple that with new consoles, along with a bunch of big games. Anyone who sold their 2080ti for $500 was an idiot.
 

kirbyrj

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To some. I didn't think it would last this long, but I always thought the prices would raise back up. No one thought the supply was ever going to be good, and you couple that with new consoles, along with a bunch of big games. Anyone who sold their 2080ti for $500 was an idiot.

In hindsight, sure. At the time, Nvidia had a new lineup of cards. The last launch went off without too many supply issues, within a month or two, every Turing card was readily available. And you had the "$499" mid range card out performing the last generation flagship. I thought at the very worst by Q1'21 all of the issues with the launch would be sorted out. If there was a readily available 3070 out there vs. a used 2080Ti, I would probably have bought the 3070 depending on the application further depressing the used 2080Ti prices. No one thought that the card shortage would be this bad this long after launch.

You could say the same thing for people who were selling their RX580's and 1060 6GB's for $100 or so. I wouldn't call those people idiots as no one can predict the future.
 

jbltecnicspro

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In hindsight, sure. At the time, Nvidia had a new lineup of cards. The last launch went off without too many supply issues, within a month or two, every Turing card was readily available. And you had the "$499" mid range card out performing the last generation flagship. I thought at the very worst by Q1'21 all of the issues with the launch would be sorted out. If there was a readily available 3070 out there vs. a used 2080Ti, I would probably have bought the 3070 depending on the application further depressing the used 2080Ti prices. No one thought that the card shortage would be this bad this long after launch.

You could say the same thing for people who were selling their RX580's and 1060 6GB's for $100 or so. I wouldn't call those people idiots as no one can predict the future.
But... Half the fun is armchair-quarterbacking the decisions of others. It's the internet! :D
 

x509

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In hindsight, sure. At the time, Nvidia had a new lineup of cards. The last launch went off without too many supply issues, within a month or two, every Turing card was readily available. And you had the "$499" mid range card out performing the last generation flagship. I thought at the very worst by Q1'21 all of the issues with the launch would be sorted out. If there was a readily available 3070 out there vs. a used 2080Ti, I would probably have bought the 3070 depending on the application further depressing the used 2080Ti prices. No one thought that the card shortage would be this bad this long after launch.

You could say the same thing for people who were selling their RX580's and 1060 6GB's for $100 or so. I wouldn't call those people idiots as no one can predict the future.
I guess in this case no one predicted the sharp rise in crypto-mining "coins."
 

NattyKathy

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the real move would have been to buy a 2080Ti for $500 in September, sell it for $1200 now, spend $200 on a potato card and save the rest, then when prices return to normal, sell the potato card for $50 and spend the $1050 on a 3080 and still have money left over. I'm an economics genius.
 

Vengance_01

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Glad I got a 1060ti and 1070 used when I did for a few builds. paid nothing compared they are worth today.
 

GameLifter

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I sold my 2080Ti in early February for $650 and I could have and should have sold it for more. Crazy how people were selling them for under $500 at one point.
 

WorldExclusive

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I just had to look at this thread today for some reason. How naive we all were back then...
Well who knew rona was going to shut the world down and Nvidia not care about inventory levels.
Warren Buffet said it best, when people are fearful be greedy. September was definitely was a time to take advantage of people fears of dropping values.
 

schizo

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Thread started september 2020 so I think everybody had some inkling about COVID. The inventory crunch is simply unprecedented.
 

oldmanbal

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Well who knew rona was going to shut the world down and Nvidia not care about inventory levels.
Warren Buffet said it best, when people are fearful be greedy. September was definitely was a time to take advantage of people fears of dropping values.
I think it's not so much that Nvidia doesn't care about inventory levels, as much as they can't do anything more about it.

They have partially started to move in a direction that would enable gamers to purchase more gpus by creating a cmp product, however their execution has so far been abysmal, if not completely inept.

Nvidia is constrained by supply chain for what they can make available for gpus, and right now wafer space is hard to come by.

If Nvidia could, they would sell a gpu to every single person on the planet that wants one, cause they are losing money and customers by not having them available.

Regardless, Nvidia is in another unprecedented growth spurt that will continue to fracture their company and wafer needs into multiple markets from gamers to ai to data center ect. They may continue to have a hard to find product for many years down the road.
 
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x3sphere

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I sold my 2080Ti in early February for $650 and I could have and should have sold it for more. Crazy how people were selling them for under $500 at one point.
Yeah I listed mine for $600 back then and it took some time to sell, had a lot of offers under $500.

I speculated there might be another mining boom coming and prices would spike back to $1k+, that's why I wasn't in any hurry to sell. Didn't think there would also be a huge shortage on top of it all though. I'm happy with what I got for it though since I had already secured a 3080 at the time.
 

GameLifter

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Yeah I listed mine for $600 back then and it took some time to sell, had a lot of offers under $500.

I speculated there might be another mining boom coming and prices would spike back to $1k+, that's why I wasn't in any hurry to sell. Didn't think there would also be a huge shortage on top of it all though. I'm happy with what I got for it though since I had already secured a 3080 at the time.
I listed mine locally on Craigslist and someone claimed it within two hours after posting it. I didn't want to price it at eBay prices to be nice but I could have charged at least $100 more and it still would have been a fair price comparatively. Oh well, I got a 3090 FE now so I can't complain.
 

JMCB

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Messages
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Yeah, I wasn't going to sell my 2x 2080 Ti's for so low (buddy offered $900 for the set). I was going to keep them for showpieces at that price. Instead, I saw that used ones were going for $700-800 on average, so I decided to list on eBay. Within two days I sold both 2080 Ti's on eBay for $950 each. I should have waited another few months because then I would have been able to sell them both for more than they were brand new. But oh well, they paid for my RTX 3090.
 

AzixTGO

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A lot of the issues could be solved by retailers. eg. amazon could force purchases through the app for GPUs. I doubt that would be easy to bot. Or AMD, Nvidia could petition them to go that route. Similar for other retailers.
 

lopoetve

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A lot of the issues could be solved by retailers. eg. amazon could force purchases through the app for GPUs. I doubt that would be easy to bot. Or AMD, Nvidia could petition them to go that route. Similar for other retailers.
It’s all API calls. Once someone traced them they can be faked. It’s just another restful API; unless you mix in something like one-time pads or RSA keys that are linked to time.
 
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Archaea

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It’s all API calls. Once someone traced them they can be faked. It’s just another restful API; unless you mix in something like one-time pads or RSA keys that are linked to time.
There are a lots of different captcha types. They don’t even try to add them.
 

AzixTGO

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If the communication had to come from the app? eg. app generates a code every hour that's added to orders and verified by the server.
Or even requiring the app to scan a qr code to confirm the order.
 

Andrew_Carr

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I think it's not so much that Nvidia doesn't care about inventory levels, as much as they can't do anything more about it.

They have partially started to move in a direction that would enable gamers to purchase more gpus by creating a cmp product, however their execution has so far been abysmal, if not completely inept.

Nvidia is constrained by supply chain for what they can make available for gpus, and right now wafer space is hard to come by.

If Nvidia could, they would sell a gpu to every single person on the planet that wants one, cause they are losing money and customers by not having them available.

Regardless, Nvidia is in another unprecedented growth spurt that will continue to fracture their company and wafer needs into multiple markets from gamers to ai to data center ect. They may continue to have a hard to find product for many years down the road.

I don't think the CMP cards will solve anything. Right now GPUs are money printers, and you're never going to turn away more money printers. They're also, all else being equal, worse than their equivalent gaming cards because re-sale value will be worse in the future. So unless they provide some compelling reason to buy these such as better power efficiency for the same hashrate at the same pricepoint as a regular GPU then I still think miners will purchase all the gaming GPUs they can and then buy these as a last resort until they're price competitive. Their 50HX card, for example, draws the same power and produces about the same or less hashrate as a vega 56, and their 90HX is slightly inferior to a radeon vii. At least I can resell a radeon VII or vega56 for a little bit if the market crashes. A mining card that's not profitable during a mining crash isn't going to be worth much. nVidia developing Ethereum mining ASICs would probably do more than these CMP cards. It could push less efficient miners out of the market or force them into mining less profitable coins.
 

oldmanbal

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I don't think the CMP cards will solve anything. Right now GPUs are money printers, and you're never going to turn away more money printers. They're also, all else being equal, worse than their equivalent gaming cards because re-sale value will be worse in the future. So unless they provide some compelling reason to buy these such as better power efficiency for the same hashrate at the same pricepoint as a regular GPU then I still think miners will purchase all the gaming GPUs they can and then buy these as a last resort until they're price competitive. Their 50HX card, for example, draws the same power and produces about the same or less hashrate as a vega 56, and their 90HX is slightly inferior to a radeon vii. At least I can resell a radeon VII or vega56 for a little bit if the market crashes. A mining card that's not profitable during a mining crash isn't going to be worth much. nVidia developing Ethereum mining ASICs would probably do more than these CMP cards. It could push less efficient miners out of the market or force them into mining less profitable coins.
Right now due to availability, CMP cards just being available are enough of a reason to sell. They're not ideal, but making money is still making money. However, I doubt this will ever make a dent in the demand for mining gpus as long as they are profitable. Unless Nvidia finds a way to break mining on their GPUs in future releases, which seems like a fantasy, not much is going to change.
 

DanNeely

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The only way CMP will actually solve the problem is if it's coupled with Mining Nerf 2.0: Single Core Mode with 64k of Ram on gaming cards.

And of course, if nVidia's fixed it's driver build/deploy tool-chain to make a repeat of accidentally releasing another unlocked driver impossible. 😊
 

NattyKathy

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i finally gave in and put my Vega 64 on eBay about a week ago. Since it was modded and I couldn't find the original heatsink I removed the back/midplates, fan, shroud, and all the aio stuff and listed it with cosmetic issues and including only the bare card, IO bracket, and X-bracket and it still sold same-day for my half-joking $640 asking price. Cards in regular fully-intact condition are going for upwards of $800. Mind blown.
 
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SH1

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Wanted to upgrade my machine to run Ray Tracing. Thought I'd be able to pick up a 2080 Ti used on the cheap last year, but missed that window. Then ordered a whole new system thinking that was the only way to get Ampere and the latest Ryzen. However, then cancelled. Around November last year Central Computer had Ampere stock. And they were doing local pick up only. So that was a way in. If one was in driving distance of one of their stores. Looks like inventory has since dried up there as well unfortunately.

Had been years. Must say I was originally somewhat disdainful of RGB lighting being on the card, memory, and a bit on the motherboard. However, it's visible through the front of my old cheese grater case and now I like it actually. Puts on quite a show. (I don't think I would like it on the keyboard or on anything that would shine on the display.)
 

cageymaru

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i finally gave in and put my Vega 64 on eBay about a week ago. Since it was modded and I couldn't find the original heatsink I removed the back/midplates, fan, shroud, and all the aio stuff and listed it with cosmetic issues and including only the bare card, IO bracket, and X-bracket and it still sold same-day for my half-joking $640 asking price. Cards in regular fully-intact condition are going for upwards of $800. Mind blown.
I have a Vega 64, RX 480, and a R9 290. Maybe I'll keep the R9 290 and sell the rest on Ebay...
 
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