Graphics card flipping, anyone?

[magelord01]

Thanks to the cryptocurrency mining craze, many graphics cards, including the 1060 GTX, have GREATLY increased in price! If this upward trend continues, then I have a feeling that many people will start flipping graphics cards!

So, what IS "graphics card flipping"? Graphics card flipping is an activity in which a person buys a graphics card at a relatively low price, holds onto that graphics card for a couple of months or so, and then re-sells it at SEVERAL times the price that he or she had originally paid for it. Here's one example of graphics card flipping involving a 1060 GTX card: Purchase the card for $250, don't even bother taking the card out of its package, wait a couple of months until the going price for the 1060 GTX is $800, and then sell it at that time. You'd end up making a profit of $550!

On another note, if the upward trend in graphics card prices continues indefinitely, then this will VERY LIKELY kill the PC gaming industry! This will happen as more and more PC gamers turn to console gaming, or even MOBILE DEVICE gaming! At that point, the only thing that would save the PC gaming industry is if onboard graphics technology quickly improves by leaps and bounds.

[[Lethalvriend]]

This is never going to happen large scale most likely, GTX 1060 will never get anywhere near that price because the return on mining will be nonexistant. When the 11XX series comes out there might actually be a flood of 2nd hand 1060s flooding the market or nothing will change, no way to know for sure. Either way the 800 dollar thing will never happen, cryptomining has just been hyped to oblivion the last 2 years, previously it was mostly done by enthusiasts.

[999999999]

Flipping should have started when the price was really low to get the most per unit. Now it is not really worth it unless you have a good amount of money to purchase many units to flip.

You may want this thread...

http://steamcommunity.com/discussions/forum/11/2595630410185373766/

It isn't about flipping but it is about your last paragraph.

[Sardela]

Vincovi smrdí pelo

[cinedine]

That's not flipping, that's scalping. Although that's more normal speculating, really.
Flipping means you do something to increase the value.
Scalping is buying low supply items to sell them for higher price on high demand.

Anyways, good luck selling your graphic card third hand during a time where everyone with half a brain is worrying of buying a burned out model thanks to mining. And graphic cards have a very fast decline of value. So good luck selling it once the market normalizes or the next model is out.

[Tomato Head]

If you had the discretionary income to be able to flip multiple graphics cards, would it not be better to just put it in the crypto bubble instead.

[magelord01]

Originally posted by cinedine:

That's not flipping, that's scalping. Although that's more normal speculating, really.
Flipping means you do something to increase the value.
Scalping is buying low supply items to sell them for higher price on high demand.

Anyways, good luck selling your graphic card third hand during a time where everyone with half a brain is worrying of buying a burned out model thanks to mining. And graphic cards have a very fast decline of value. So good luck selling it once the market normalizes or the next model is out.

I won't personally be scalping graphics cards. However, some people might be interested in doing this. Especially if the 1060 GTX is, indeed, on its way to costing $10,500 apiece. And, if I were to scalp graphics cards, then I wouldn't even USE them. Instead, I'd just keep them in their packaging until it comes time to sell them at the higher prices. So no one would have to worry about buying a potentially burned-out graphics card from me... IF I were to do any graphics card-scalping, which I WON'T be doing.

[999999999]

Originally posted by magelord01:

I won't personally be scalping graphics cards. However, some people might be interested in doing this. Especially if the 1060 GTX is, indeed, on its way to costing $10,500 apiece.

It will never rise to $10,000. Get your mind right.

[cinedine]

Originally posted by magelord01:

And, if I were to scalp graphics cards, then I wouldn't even USE them. [...] So no one would have to worry about buying a potentially burned-out graphics card from me...

Good for you. Then you only have to convince your potential buyers. I'm sure your word is good enough for them.