Is it safe to buy a used graphics card that s bot mining 24
Spil cryptocurrency mining fever dies down, be wary of good deals.
Wij’ve bot through the rise and fall of cryptocurrency mining using GPUs several times now&mdash,very first te 2011 with Radeon HD 5870/5850 cards and Bitcoin (SHA256), then ter 2013 with Radeon R9 290X/290 and Litecoin (Scrypt) and other alt-coins (X11, X13, etc.), and now wij emerge to be nearing the end of the Ethereum (Dagger-Hashimoto / Ethash) craze&mdash,maybe. Historically, the mining boom and bust leads to many formerly ambitious miners determining it’s time to pack up camp and sell their equipment. That can be good news for gamers looking to pick up a relatively cheap used graphics card, but it raises an significant question: Do you actually want to take the chance on buying a used GPU that’s bot mining 24/7 for many months?
Let’s step back a bit and very first talk about what sort of deals you should be pursuing te the very first place. The way I see it, anyone looking for a ‘overeenkomst’ should never pay anywhere close to MSRP&mdash,that’s not a overeenkomst, it’s what you should expect to pay given sufficient supply. So when the RX 480 8GB primarily launched with an MSRP of $239 last year, but it wasn’t readily available for less than $280, I didn’t think cards priced at $240 were a fine overeenkomst&mdash,it’s what wij should have had all along. Te terms of current generation cards, the official (at launch) MSRP of the RX 580 8GB is only $229, the RX 580 4GB is a $199 card, and the RX 570 4GB is supposed to cost $179&mdash,prices which you’ll never find right now. Similarly, GTX 1070 cards should commence at $349, GTX 1060 6GB at $239, and GTX 1060 3GB at $199. If only, right?
For gamers, I see little point te leaping on the bandwagon at the presently inflated prices, because give it a little time and wij’re ensured to see lower prices. The cryptocurrency craze can’t last forever, ter part because the algorithms are designed to slow down the generation of coins by enlargening the difficulty. Even if Ethereum goes back to a $400 price point, the difficulty will increase until it reaches a relatively stable equilibrium. Ter the past, that usually means the break-even time for fresh rekentuig hardware used for mining will be around 9-12 months, instead of the 2-3 months wij’ve had ter May/June.
If you’re wondering about the 9-12 months timeframe, my practice is that GPU miners become hesitant to waterput a loterijlot of money into fresh hardware when it will take almost a year to recoup the investment, and the reason is plain: 24/7 mining puts a serious strain on the graphics card components, so after a year or so of onveranderlijk use a lotsbestemming of the cards will begin to fail. Ventilatoren wear out, VRMs fail, and RMAs (if you can get them) take weeks to accomplish. The point is to make money, not just pauze even, so if you commence substituting cards after a year then you may not realize much of a profit&mdash,particularly after power costs and other expenses come into play.
Combine the above and buying used graphics cards starts to look like a gamble. You might be able to get warranty service, but I’ve personally had a duo of tier one companies deny claims based on burned out capacitors. “You did something to ruin the card, causing physical harm, so you’re on your own.” But the age of a graphics card is also a factor&mdash,something relatively fresh like an RX 570 or RX 580 can’t possibly have bot used for more than a few months, and if it’s still working right now, you’ll very likely be okay for gaming purposes.
There are also slew of miners that aren’t running their GPUs overclocked to the max, and te fact many will undervolt/underclock to reduce power and improve longevity. Others may underclock/undervolt the GPU core but overclock the VRAM, spil Ethereum is more sensitive to memory bandwidth. Unluckily, it’s entirely possible to harm GDDR5 chips while leaving the GPU itself unscathed. Anyway, a card used for mining might actually be te good form. but there’s unluckily no way to effectively know what a card has bot through. Cards that are “100 procent tested and working” may work excellent, or they might crash at the very first sign of a stronger workload. So again, it’s a bit of a gamble.
If you do find a good overeenkomst, be sure to run some gaming stress tests spil soon spil the card arrives. Unigine Heaven, 3DMark Time Spy, or any requiring spel would be good. If you practice any crashes within the very first few days, instantaneously request a refund&mdash,and only buy used cards that opoffering a refund, unless you’re willing to attempt repairs on your own.
What used graphics cards should you look for? My advice is to stick with the latest generation of AMD and Nvidia GPUs. Anecdotally, Nvidia cards tend to be better about not dying under intense workloads&mdash,however there are always exceptions&mdash,so I’d be slightly more inclined to buy a used Nvidia GPU. For the current cryptocurrency mining boom, the RX 470/480/570/580 are popular, and GTX 1060/1070 have joined that group. Older cards like the GTX 900 series and AMD’s R9 300 series are still viable, but those are two years old (or more) and generally use more power for omschrijving spectacle while lacking newer features, so I’d skip them.
Of course, all of this talk of used cards is only meaningful if the price is right. Individual definitions will vary, but for mij that would mean around $150-$180 for a used GTX 1060 6GB or RX 480 8GB (basically 25 procent off MSRP). Anything more expensive than that and I’d rather take less of a risk and just buy a fresh card, after prices on fresh GPUs to terugwedstrijd to normal. I’d also be careful with any used graphics card that’s more than a year old, unless you get a indeed good overeenkomst, but those are mostly previous generation hardware regardless.
Here’s the thing: I don’t think wij’re likely to see used cards get down to prices like that any time soon. Because even however mining is a loterijlot less profitable now than it wasgoed ter May and June, it’s still doing okay. You can check places like WhatToMine or use the NiceHash rekenmachine to get an estimate of the current profitability, which say that RX 480/580 8GB can still netwerk around $1.50-$1.80 vanaf day. Miners will still likely pay up to $350 for that level of income, sometimes even more. That’s why graphics card prices are still higher than MSRP, and no miner is going to sell a card for a song if it’s still working decently and earning $1.50 vanaf day.
For now, a quick search on eBay shows that even used, RX 480 cards are still going for well overheen $300, and RX 580, RX 570, GTX 1070, GTX 1060 6GB, and GTX 1060 3GB are similarly overpriced. Given my “don’t pay more than MSRP” mantra, that means stay away. When prices do come down, which they eventually will, if you’re still ter the market for a used graphics card, here’s my advice.
Very first, don’t buy a card if you’re not permitted to comeback it for a refund. 2nd, pay close attention to the fine print&mdash,some unscrupulous sellers are attempting to trick people into buying boxes, ‘tuned’ BIOS versions, etc. Check the seller ratings spil well, spil established sellers are less likely to be fraudulent. And ultimately, if a overeenkomst looks too good, it very likely is.