![]() ![]() The price of GPUs has been dropping on average ~3% a week since the beginning of the year and has recently accelerated to ~5%/week now that many miners are starting to struggle to even cover electricity costs. The secret that no mining calculator can tell you is that at the end of the day, the amount of crypto you’re mining isn’t compensating for the amount of resale value you’re losing right now. Mining calculators have a hardware resale value blindspot The great unwinding of GPU prices began in earnest in early 2022 and it has been relentless ever since. Unfortunately, what goes up must come down, and the higher it goes, the further it must fall. You may have even bought some of them yourself. 5-year-old GPUs that cost $200 new were regularly selling for $600+. Between the pandemic-related supply shortages and the boom in crypto, the price of GPUs rose to the stratosphere in 2021. GPU mining hardware resale value volatilityĪs we said in a previous article, a truly honest ROI calculator should always take resale value into account. But the mining calculator says you’re still in the green, so as you just hodl on and keep mining, everything will be okay in the end, right? Unfortunately not – despite what the calculator and your ETH wallet say, you’ve been losing money every day you’ve been mining. You might be starting to wonder if building that farm was worth it. Difficulty is rising and the price of ETH is dropping, among other things. PSA to new Crypto miners: Mining calculators are the tools of the devilĪnyone who has been mining in 2022 has felt the pinch.Is GPU mining profitable in 2022? No, not even close.Selling graphics cards: how to avoid common scams.Where to Sell Graphics Cards: The Definitive Guide from the leading online seller.How To Sell Computer Hardware Menu Toggle.Graphics Card Re-Use & e-Waste Recyclers.Sell Us Your SSD (Solid State Drive ) or HDD (Hard Drive) Menu Toggle.Sell Used Crypto Mining Hardware Menu Toggle. ![]() Catch Bitpro exhibiting at Mining Disrupt!. ![]()
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