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Should I sell my mining rig?

By the RebootSemi inspection team · Updated · 6 min read

For most GPU miners the question stopped being “is it profitable?” a while ago and became “what are these cards worth, and to whom?” Here is what changed, what the cards are worth outside mining, and the few questions that decide whether to keep, repurpose or sell.

What changed for GPU mining

On 15 September 2022 Ethereum switched from proof of work to proof of stake in the upgrade known as the Merge. Ethereum had been the coin most GPU rigs mined, and from that day it could no longer be mined at all. Rigs moved to smaller proof-of-work coins, where the same cards earn far less, and some of those coins have since been taken over by ASIC miners too.

Earnings now depend on the coin, its price and your electricity rate, and they change quickly — check a current mining calculator with your own power cost rather than relying on anyone’s old figures.

What the cards are worth outside mining

The cards themselves still have real value, because gamers and people running AI and rendering work want them. Cards with more memory hold their value best. Today a working used RTX 3090 24GB pays $807, an RTX 3070 8GB $140 and an RX 5700 XT 8GB $89 — our own offers. Every mining card’s offer is on the mining rig page.

The questions that settle it

  1. Does the rig earn more than its electricity costs? If not, every month it runs loses money and every month it sits idle the cards lose value.
  2. Will you use the cards for something else? A card for your own gaming or AI work is worth keeping; a stack of identical cards usually isn’t.
  3. Is a new card generation coming? Used cards typically lose the most value when their successors launch. Selling ahead of a launch usually beats selling after it — more on timing.
  4. How much of your time is it worth? Selling cards one by one on a marketplace means listings, buyer questions and shipping each one.

If you sell

Sell the rig working and whole if you can: with us a working rig pays 10% more than the same parts sold separately — a 6 × RTX 3070 rig pays $966 today, against $878 for its parts one by one. Our guide to selling whole or parting out has the numbers for more rigs. Before shipping, put the cards back to stock and test them. Clearing a whole farm? See selling a mining farm.

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