Bitcoin Forum

Bitcoin => Mining => Topic started by: sushi on November 06, 2013, 05:55:59 AM



Title: ASIC miners on-hand for Sale Popping Up Everywhere
Post by: sushi on November 06, 2013, 05:55:59 AM
ASIC miners are popping up on Ebay and Craigslist like crazy.  Most of them claim its a hot item that we can't buy today from the vendor and the machine will make you rich.

Many of the listing shows, they just received the unit a few days ago or the same day from BFL and others.

If the machines are making that much bitcoins, why are they selling them so fast?  I don't think they made their ROI in just a few days.



Title: Re: ASIC miners on-hand for Sale Popping Up Everywhere
Post by: Sythyn on November 06, 2013, 10:29:56 AM
ASIC miners are popping up on Ebay and Craigslist like crazy.  Most of them claim its a hot item that we can't buy today from the vendor and the machine will make you rich.

Many of the listing shows, they just received the unit a few days ago or the same day from BFL and others.

If the machines are making that much bitcoins, why are they selling them so fast?  I don't think they made their ROI in just a few days.



Its because difficulty is going up too fast, ASIC just won't ROI any more....


Title: Re: ASIC miners on-hand for Sale Popping Up Everywhere
Post by: HellDiverUK on November 06, 2013, 11:43:35 AM

If the machines are making that much bitcoins, why are they selling them so fast?  I don't think they made their ROI in just a few days.



They aren't making anything by mining - it's advertising speak.

My 2 ASICMiner Blades are making 1BTC every 40 days, rough estimate, at 511Mil difficulty.  That's at ~12GH each.  That means the 10x Block Erupters are making 1BTC every 160 days.  Each single one takes 1600 days, which is 4.38 years, assuming difficulty stays at 511M.  Which it won't.

Totally pointless.

The ONLY way to make money from Block Erupters is by selling them on eBay or Amazon to suckers.  Period.


Title: Re: ASIC miners on-hand for Sale Popping Up Everywhere
Post by: Klubknuckle on November 06, 2013, 02:28:30 PM
ASIC miners are popping up on Ebay and Craigslist like crazy.  Most of them claim its a hot item that we can't buy today from the vendor and the machine will make you rich.

Many of the listing shows, they just received the unit a few days ago or the same day from BFL and others.

If the machines are making that much bitcoins, why are they selling them so fast?  I don't think they made their ROI in just a few days.



Because those people that bought finally realise it won't ROI. so those people sold the ASIC to the next new comer.. repeat... there are more selling then buying, price crash.. GG


Title: Re: ASIC miners on-hand for Sale Popping Up Everywhere
Post by: jeppe on November 09, 2013, 02:36:36 PM
Bitcoin diff is going up too fast and asics or any other hardware will never ROI :(


Title: Re: ASIC miners on-hand for Sale Popping Up Everywhere
Post by: wrenchmonkey on November 09, 2013, 04:16:10 PM
Bitcoin diff is going up too fast and asics or any other hardware will never ROI :(

Depends on whether you paid cash or BTC. The price of BTC is going up too, so if you paid in fiat, a return in fiat is very possible.