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Shoul i buy now or whait for GPU prices to fall in 2022 ??

DodoMaNN

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Hello, im in 2 worlds right now. Hoping someone can help me

i want to start mining, i can get the follow for R16 700
GTX 1650 6gb
GTX 1080 8 gb
i5-3570 Quad core @ 3.4ghz
600w PSU
16gb DD3 Ram
1 Tb HDD

from my basic knowledge it seem like a good price.

but what do the experst think....shoul i buy it or whait for eth to go to proof of stake and see if gpus become cheaper?
 

moedeez

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I'm no expert.
I only have 2 questions.
How long will it take you to get a return on your investment?
What will you do if the electricity cost of running the rig is higher that the income from running it?
 

moedeez

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1 more question, I didn't know you get a 1650 with 6gb of RAM.
Do you have a link for the model?
 

Morgisto

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I'd wait for ETH split to happen I'm sure prices will drop then
 

solz

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If you have money to spash spend it now else I'm sure you'll end up selling that rig in a month or so at a huge loss.
 

Scoobylaw

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@DodoMaNN For now, its probably best to buy the crypto for that money and stake it (Save it - LUNO). That way you still earn something passively and should the price jump, you make a healthy profit.

The 1650 will be a 4gb card - you cant mine much other than maybe AVN or TON, the 1080 is quite power hungry and old gen tech, youll loose more than you win on the cards im afraid.

If you dont want to buy the crypto, and are still keen to mine and have a desktop at home - Perhaps get a second card and run what you have with lower cost outlay.

Good luck, whichever direction you go in - Interesting times ahead
 

StangV2_0

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I don't believe its ever a bad time to get into mining. Just HODL! Don't look at it as a quick buck.

Don't buy those cards. You will be fortunate to end up with a combined hash rate of 50 - 52mhs and the 1080 chomps power. Rather look at two 1660 supers for similar money and you will sit at 60 - 65mh/s all day long while using less power. I sold my 1660 super recently on carb for R6500. Did 30-32mh/s all day long.
 
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Going to agree with @StangV2_0 . Even after eth shifts to pos , their will be other coins you will be able to mine. Maybe with more people mining other coins the value will go up . But mining is not a get rich quick scheme you have to be smart about it. You will never be able to turn a quick buck without sinking some serious cash into it
 

viceroy

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Yep, there will be other coins to mine after Eth 2.0, but when the entirety of the Eth mining community switch over to those other coins, difficulty will skyrocket, profitability will plummet unless the value of those coins skyrocket too.
At this point in time, unless you're mining already, you're taking a gamble.

Might as well just drop your R16k into Bitcoin/Ethereum now and wait it out. Yes, the risk is higher, but if Ethereum prices rise like some speculate they will, you'll win more than you would have if you start mining Ethereum now.
 

Mew_Tw0

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Yep, there will be other coins to mine after Eth 2.0, but when the entirety of the Eth mining community switch over to those other coins, difficulty will skyrocket, profitability will plummet unless the value of those coins skyrocket too.
At this point in time, unless you're mining already, you're taking a gamble.

Might as well just drop your R16k into Bitcoin/Ethereum now and wait it out. Yes, the risk is higher, but if Ethereum prices rise like some speculate they will, you'll win more than you would have if you start mining Ethereum now.

If those eth miners switch coins, would those coins not see more usage then, a lot more usage, and therefore go up in price?
 

viceroy

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If those eth miners switch coins, would those coins not see more usage then, a lot more usage, and therefore go up in price?
Why? The moment Eth moves to POS, pretty much the entirety of Eth miners will move to other coins, and pretty much every single one of those other coins will become instantly unprofitable to mine. It would take demand for those other coins to drive the price up, and this will most likely happen, but if it's enough to drive the prices up enough to make those coins profitable is an unknown right now.
 

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