Bitcoin Forum

Just wondering if I was to buy an Antminer L3+ and want to sell it in 6 months time for example, likely people would still be interested?

Or does it completely depend on the price / hash difficulty at the time?

Cheers

It completely depends on the price and difficulty, the sole reason being that they can't be repurposed.. Video cards on the other hand.. :)

It depends on profitability because it has no other use than mining , gpus can be sold to gamers without lossing much but asics can be priceless , but i think 6 months isn't that period to say it will be priceless

Yeah good point actually.

Any chance you know off the top of your head some 'build yourself' GPU 'builds' that would match 504 mh/s?

I'll do research but if you know anything off your head would be cool :)

Thanks

It completely depends on the difficulty at the time, if the difficulty has already increased to the point that it isn't even worth the electricity it uses then you won't realistically be able to sell it.

Yeah makes sense!

At that stage would it be best to just try and mine scrypt coins with lower diff and or wait until the diff of certain coins go down?

or if no coin makes any money above power cost  .

Just sit on the machine until the winter and use it as a space heater.

A lot of gear can be used years later if a coin takes off.

But frankly  asics are really high risk.

Bitmain is going to pump a few terahashes of L3s into the Litecoin network, so those mining calculators will be very off when the difficulty on the network skyrockets. Still, these miners aren't horrible. Resale will be decent but likely nothing like it is now as demand is high and supply low for existing miners. Unless Litecoin pumps again your profit margins will very quickly drop once Bitmain releases the floodgates on L3s.

I've been very lucky selling obsolete miners.  There seems to be a huge market of people on eBay who have no idea how much they are NOT worth.  Sold Two S5s for a couple hundred bucks each when they were negative profit.  Last week sold two A2 110MH Scrypt miners for more than I paid a year ago.  Baikal Minis are re-selling over $1000 right now.  I even sold two SHA-256 USB thumb miners (U1 and BitFury Nano) for $35 each three months ago!

Buyers seem to enjoy small personalizations that add value like quiet fan mods or additional rubber feet.  I prefer eBay for the buyer and seller protections.  Be sure you document everything.

No litecoin is ASIC only turf , gpu = eth, zcash, monero and is much safer

IF no other hardware gets released for scrypt that is better then resell will be okay, it is a shortish time period.

BUT is it really worth the risk?  probably not.

Some of these miners have gizmo appeal. I have a large coffee can full of Block Erupters I haven't touched in years. Just last week, I was sorting computer parts and cables from the storage bin and plugged a few of these Erupters in and fired off Multiminer. They still work. It puzzles my sister's boyfriend. Blinky-shiny. I built a small rack for them out of recycled pieces of wood. It's my retro miner object d'art.

Perhaps some people buy these old miners and burn a bit of power in the hope of mining a coin that might be worth something in the future. I think I have PPC somewhere in cold storage. he he.

I sure wish I had the bitcoins I had in my wallet in 2013.

As for me, I'm keeping my Erupters as much as I wish I had kept my Commodore 64. It's unique, like my dad's Ham radio Morse keys and my grandma's Bakelite AM radio, which still works by the way.

From my point of view;  they typically are very sellable if you don't hold onto them forever.

I was buying S3's for ~$40, running them for a few months, then selling them back for $40..... win-win.

My friend is the bad case though;  he paid $2200 for an S7... then while in shipping the S7 tanked to $700Ea or thereabouts....   

So take it like this, the new ASIC market is volatile; and the used ASIC market has way more stability and is easier to judge.

damn bitmain...they never released the L1 right? me thinks they kept the L1 and L2 privately. pure speculation though...but...why did the L1 was never sold to the public?