October 24, 2013: 553Gh/s gets 1 BTC/day @ a cost of $12366 (9.25 BFL singles from ebay) ($22.36/Gh/s)
October 26, 2013: 778Gh/s gets 1 BTC/day @ a cost of $16900 (13 BFL singles from ebay) ($21.72/Gh/s)
November 05 2013: 1016Gh/s gets 1 BTC/day @ a cost of $22013 (17 BFL singles from ebay) ($21.66/Gh/s)
November 17, 2013: 1212Gh/s gets 1 BTC/day @ a cost of $42,420 (20.2 BFL singles from ebay) ($35/Gh/s)
The prices of ASIC units for immediate delivery has increased dramatically over the last few weeks with bidding wars erupting over available units. There is a massive shortage of ASIC miners in relation to the demand due to slow production, and increased demand due to the rapidly increasing value of BTC.
I was hoping to substitute the ASICMiner cube this week for the 60Gh/s BFL units, but they immediately sold out and are not available even on the secondary markets such as Ebay in any quantity. I must say it was unexpected that the price per gh/s increased. It appears that this trend will continue until some company can provide higher hashing units at a lower cost. Many are promising to do so, but none have any available for immediate delivery at this time.
The cost to mine 1btc/day has quadrupled in less than one month. If this trend continues it will be over $100,000 before Christmas.
October 26, 2013: 778Gh/s gets 1 BTC/day @ a cost of $16900 (13 BFL singles from ebay) ($21.72/Gh/s)
November 05 2013: 1016Gh/s gets 1 BTC/day @ a cost of $22013 (17 BFL singles from ebay) ($21.66/Gh/s)
November 17, 2013: 1212Gh/s gets 1 BTC/day @ a cost of $42,420 (20.2 BFL singles from ebay) ($35/Gh/s)
The prices of ASIC units for immediate delivery has increased dramatically over the last few weeks with bidding wars erupting over available units. There is a massive shortage of ASIC miners in relation to the demand due to slow production, and increased demand due to the rapidly increasing value of BTC.
I was hoping to substitute the ASICMiner cube this week for the 60Gh/s BFL units, but they immediately sold out and are not available even on the secondary markets such as Ebay in any quantity. I must say it was unexpected that the price per gh/s increased. It appears that this trend will continue until some company can provide higher hashing units at a lower cost. Many are promising to do so, but none have any available for immediate delivery at this time.
The cost to mine 1btc/day has quadrupled in less than one month. If this trend continues it will be over $100,000 before Christmas.
Well, since the price has increased so much its more profitable to sell then use it to mine right?