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

Viper87227

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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.

I sold mine for $600 last year, but I'm not fretting over it. I also paid $780 for a 3080 FTW3 Ultra. Sure, had I waited, I probably could have sold my 2080 Ti for $1200. I'd also be looking at paying nearly $1,000 for that same 3080, and that's assuming I get lucky enough to find one at retail. On ebay that card is fetching over two grand. So, it's not necessarily a loss when factoring in that I need another GPU to replace it.
 

lopoetve

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I sold mine for $600 last year, but I'm not fretting over it. I also paid $780 for a 3080 FTW3 Ultra. Sure, had I waited, I probably could have sold my 2080 Ti for $1200. I'd also be looking at paying nearly $1,000 for that same 3080, and that's assuming I get lucky enough to find one at retail. On ebay that card is fetching over two grand. So, it's not necessarily a loss when factoring in that I need another GPU to replace it.
I got one in July for 950, figured I might overpay a bit but it got me through to the 3080 launch. Took till December to get a 3080, so it more than earned its keep - runs in my HTPC now, which was going to get a 3070, but LOL at finding one of those - if I manage to track one down, I'd sell the 2080TI on EBAY to cover it - but damn it's hard to get anything now.
 

NattyKathy

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Jan 20, 2019
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I have a Vega 64, RX 480, and a R9 290. Maybe I'll keep the R9 290 and sell the rest on Ebay...
Lookin at eBay rn- sold V64s still up at $700-800, 4GB 480s around $250 and 8GB 480s above $400 :eek: Seems worth it if yr not really attached to/don't have a critical need for the cards. Heck, I was pretty attached to my Vega after all the modding & tuning I did on it but couldn't pass up doubling what I had in (bought for $280 on Craigslist spring 2019, birthday present to myself- ended up getting two presents out of it lol)
 
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x509

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Came to the thread to laugh about how much worse the GPU situation is now. Leaving sad because I hadn't noticed Taco wasn't around until you guys pointed it out.
Maybe Taco just got too depressed. Traffic in the video card forum and the nvidia card subforum seems to have dropped off in the last week or so. Not sure why.
 

Andrew_Carr

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Feb 26, 2005
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I am back!:)) I won mercy with site owners and will be on my best behaviour from now on!!

Back on topic sorry, after seeing how I voted to willing 200-300 for used 2080ti, hah, what a time we get to live in! Even some lowly 1660supers go for three times as much😂

Yeah, broken 1080 TIs are going for like $500 right now, lol.
 

NattyKathy

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Jan 20, 2019
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Yeah I should be able to sell my vega64 for well over 400 which is insane.
you could get double that even, truly mind boggling

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.
 

x509

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That GPU market crash. More like 2023, when new foundries come on line.
 

Armenius

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When is that supposed to happen?
It won't. But it will go proof-of-stake in the future. PoS removes the advantage of amassing hordes of powerful hardware to mine more hashes per second.
 

x509

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It won't. But it will go proof-of-stake in the future. PoS removes the advantage of amassing hordes of powerful hardware to mine more hashes per second.
And ASIC-only supports proof-of-stake but GPUs don't?
 

Andrew_Carr

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And ASIC-only supports proof-of-stake but GPUs don't?
ETH ASICs are here but the gap between them and top GPUs isn't like the gap between GPUs and ASICs on Bitcoin and other algorithms. Right now the best ASICs are maybe $30k (can't get them even if you had the money) and produce about the same hashrate as $15-20k in GPUs at half the power usage. nVidia's upcoming mining specific cards seem to be roughly as power efficient as the ASICs and may have the same cost ratio so who knows if ASIC progress will develop as rapidly. But anyway, ETH (usually the most profitable coin to mine with GPUs) is supposed to be moving to POS (proof of stake) from POW (proof of work) next year, which would negate the need for mining with any sort of hardware. At that point miners would need to switch to other coins or sell their hardware.
 

x509

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ETH ASICs are here but the gap between them and top GPUs isn't like the gap between GPUs and ASICs on Bitcoin and other algorithms. Right now the best ASICs are maybe $30k (can't get them even if you had the money) and produce about the same hashrate as $15-20k in GPUs at half the power usage. nVidia's upcoming mining specific cards seem to be roughly as power efficient as the ASICs and may have the same cost ratio so who knows if ASIC progress will develop as rapidly. But anyway, ETH (usually the most profitable coin to mine with GPUs) is supposed to be moving to POS (proof of stake) from POW (proof of work) next year, which would negate the need for mining with any sort of hardware. At that point miners would need to switch to other coins or sell their hardware.
I'm not sure I understand why POS would negate the need for hardware to do mining. To be clear, I'm less than a newbie about mining, but I do want to learn.
 

Andrew_Carr

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The idea behind proof of stake is that instead of miners ensuring the security of the network with their hashing power, large wallet holders (rich people) will "stake" their coins and be given the ability to validate transactions. The idea being that if they lie and validate bogus transactions the entire ecosystem will suffer and their investment will lose money, so they'll be incentivized to be honest. I think it's a scam but that's the plan for Ethereum moving forward.
 

lopoetve

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I'm not sure I understand why POS would negate the need for hardware to do mining. To be clear, I'm less than a newbie about mining, but I do want to learn.
Proof of work is mining; in short, you’re searching for the smallest hash of transactions to attach to the chain.
Proof of stake is having enough coin to validate a transaction - there’s no mining involved, it’s just hosting a bunch of copies of the chain- grossly simplified.
There’s literally no mining once it moves to stake; it’s switching from computational power to having a share of the pie.
 
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