How to Sell Used GPUs:
- Figure out if they are worth selling
- Figure out where to sell them
- Represent your product well
- Ship your product carefully so it arrives fully functional
- Enjoy your new money
It can be hard to know how best to sell used GPUs when it seems like the world of graphics cards is changing every day due to cryptocurrency mining.
This means there is always an ebb and flow of graphics cards being bought or sold, depending on the age and performance level of the cards and the fate of the cryptocurrency markets the last few days.
Predicting the market is anyone’s guess, but we’ve put together a short guide on how to sell used GPUs.
Here is what is going to determine how much you can get for your used GPUs:
- Number of Cores
- 3-D vs 2-D Rendering Capabilities
- Graphics Memory Density: 4GB, 8GB, 16GB, etc.
- Memory Type: GDDR5, DDR4, DDR3
- Bandwidth: 2.1 GHz, 7 GHz
- Power Efficiency
If you have been using your GPU(s) for cryptocurrency mining and constantly overclocking it, this will severely affect your resale value and longevity of the GPU. Make sure you are clear about this when selling, as if not you can risk ruining your seller’s profile on whatever platform you choose to sell on.
Step 1: Research the Market and Determine if you want to Sell
Whether you’re buying or selling a GPU, graphics card pricing has been far more variable than any other type of computer parts due to the cryptocurrency mining craze. The first step to selling is figuring out if it is worth it for you.
While buying a new GPU is out of the scope of this article, keep in mind that if you sell during a time when you are going to get the most return for your old graphics card that also might mean you stand to pay too much for your new GPU if you didn’t already buy it.
In order to do your research you need to first have an idea of where you want to sell. Take a look at the pricing of graphics cards similar or the same as yours on these different platforms, and add up the total value of all the GPU(s) you want to sell.
Where to Sell your Used Graphics Cards:
- Reddit: Hardware Swap
- Reddit: Miner Swap (better if you have a good mining GPU)
- Facebook Mining Groups
- Craigslist if you’re feeling daring, but not recommended
You don’t need to be doing a research project here, all you have to do is glance at each that you would consider using to see what the pricing is for your graphics card(s). This should only take a half hour or so. Try and find your exact model on each platform you are considering and write down a price for each platform.
If when you price your GPU(s) it comes out to $1,000 or more in resale value, you can also potentially sell your GPUs to an ITAD (information technology asset disposition) company such as Exit.
Make sure to keep in mind that when you are selling your cards you don’t want to skimp on shipping materials. If you don’t do a good enough job protecting your equipment it will be worthless for the end user and for you, and cause everyone a major headache.
Do a good job packaging your GPUs and figure that into your costs in the beginning.
Step 2: Determine who to Sell With
There are a few different factors to determine where is best to sell your GPUs. The first one depends on the amount and value of graphics cards you have to sell.
As mentioned previously, if you have over $1,000 in resale value for your equipment then you can also consider selling to an ITAD (Information Technology Asset Disposition) company such as Exit (us) or one of our competitors. This would make your process much easier and simpler, but generally won’t give as much of a return as selling to the end user.
For people with right around $1,000 worth of resale value it really comes down to how much time you are willing to put into the selling process. If you’d rather put less time into it, then look into an ITAD company and contact us and/or one of our competitors to get a quote, but if you would prefer to get top dollar on your equipment one of the other options will probably be best for you.
Keep in mind that the more direct options will give you the highest returns, but they also have higher transaction risk. While Amazon and eBay will take a percentage of your sales, you also get assurance that the sale will go through safely and that someone isn’t just trying to scam you. Regardless of what platform you choose to sell on, make sure to look at and follow their guidelines closely to protect yourself properly during the transaction. Take a look at our sell graphics cards page to see some of the most valuable graphics cards for resale.
This means knowing how to use PayPal properly (not the friend option!) and not using Venmo!
Choose the Best Option for You
With many of these options there will be some time involved for setup, so if you’re already comfortable with a platform or have already sold on a platform I would recommend trying that out first unless you’re really trying to maximize your income and are OK with putting some extra time in.
Here’s a few notes about each of these online options:
There’s a huge community of both gamers and crypto miners here, so this is a great place to sell your graphics cards. Make sure to be honest about the condition of your equipment, as they will penalize you for dishonesty and potentially ban you from further transactions.
This is a more specialized community only for miners. If you have the Nvidia GTX 1070 or better, or most any of the AMD GPUs it is probably worth checking this out. The mining community generally prizes efficiency (hashes per watt specifically) over power in general, but when selling second hand it all comes down to what you’re selling at what price.
Good for selling your equipment quickly, but also generally not going to get the best prices for your equipment. There’s lots of options for how to sell on Amazon and it is a bit of a process. We recommend doing an Amazon trade-in.
Facebook Mining Groups (Need to Search FB)
These are for the more enterprising people out there. Only recommended for those who are really looking to find the best price for their equipment and don’t mind spending a bit of time.
eBay is always an option, but they tend to take a pretty steep commission on sales unless you do a lot of business with them. Expect to lose about 15% to eBay.
Be wary. Very wary. Always meet in a public place and do cash transactions only. Do not ship anything. Do not do wire transfers ever, or any other electronic forms of payment through Craigslist. Sob stories abound about why they need to use Paypal or ship to wherever because they or their spouse are in the military.
Make sure to only spend your time on the real leads, which are people willing to pay cash and meet you somewhere. Lots of people will lowball your price here.
Choose your Platform(s)
If you choose eBay or Amazon you should only sell there, whereas if you choose any of the other options you can see where you can broker the best deal for yourself. If you plan on selling on Amazon or eBay you should sell there exclusively. With the other options you will have to interact with someone to set a purchase price and other details, so you can try out multiple platforms.
Step 3: List Hardware Specs, Condition, and Picture
Generally speaking this is going to be relatively similar regardless of which selling platform you choose or if you sell to an ITAD company like Exit. Here are the best practices and what we expect to give someone a quote on their equipment, which is also perfect for listing on your selling platform of choice:
- Your Contact Information (encrypted if appropriate)
- Any Pictures You Have of the Parts
- Equipment Condition– New in box, refurbished, used
- Part Numbers
- Brand– EVGA, Nvidia, AMD, MSI
- Total Quantity
- Step 4: Sell your GPU
- Time to broker a deal or wait for someone to buy! Hopefully you can find a buyer at a price you’re looking to sell at on your chosen platform.
If not you might want to consider if it’s worth lowering the price you’re trying to get or to take your GPU off the market for now. You could also try changing platforms, but keep in mind this will take extra time.
While it is almost always going to be better to sell your GPU sooner rather than later, the rules are a little different now with mining being added into the equation. If your card is a good cryptocurrency miner and you aren’t getting offers that you’re excited about you can wait to see if demand goes back up, but just be aware that the odds are still not in your favor. If you don’t have any use for the GPU now we would recommend trying to sell it for whatever you can get, but that will depend somewhat on your own risk profile and goals.
Step 4: Packaging and Shipping
Regardless of whether you’re selling to an ITAD vendor like Exit or selling through Amazon or Reddit, as long as you’re shipping your GPUs you need to make sure they are shipped securely so that they arrive intact and just as functional as when you sent them.
It looks bad for you and can affect your selling profile (and if you get your money) if your equipment is damaged en route, and it is also bad news for your buyer, not to mention a hassle on both sides.
Due to a lot of GPUs and other equipment reaching us in a damaged state, we put together a video with instructions on how to make sure your GPU arrives to its destination just as functional as when it left by packing your GPU correctly.
Step 5: Enjoy your New Money!
Selling old computer parts can take some effort, but this should help give you some direction. If you ever have bulk computer parts you’re looking to get rid of you can contact Exit Technologies for a quote, but otherwise we hope this has been helpful!
Have something to add? Let us know your thoughts in the comments below!