Bitcoin Forum

Hi,
As a background, I am mining with few KNC Jupiters, and I am waiting for few KNC Neptunes (i know KNC has lost some reputation since their last newsletter, but that is not the topic for this post).

I plan to search if there is money in buying/selling bitcoin miners, but because I have never bought/sold any hardware, I would need the help of more seasoned forum members.

I am looking for advice from people who have purchased or sold bitcoin miners. What tips could you give?
I am located in Europe. To avoid paying customs, shall I buy and sell only from Europe?
Where are the safest places to get a second hand miner.
If you got scammed, how did it happen. I want to learn all the tricks out there to avoid getting scammed myself.
Is Escrow the safest option? Personally I dont understand how can a 3rd person know better when they never see the hardware themselves. What if I am a buyer and the seller sends me a broken miner. Or What if I am a seller and deliver a perferct working miner, but the buyer complaints to the escrow to try to get its money back (and keep the miner). How can an escrow make any decision on a transaction they know nothing about?

Thanks for your help!

Libitum

use escrow

Use escrow if possible.
Be extra careful with "too good to be true" deals and trades with newbies with no history.
Don't accept payment with possible chargeback (eg. paypal).

When selling, record serial numbers and if the item is really expensive you can engrave it somewhere unnoticeable so if it gets swapped when it comes back you'll know.