It's amazing... What friedcat sells at now is apparently profitable by a decent margin. Think back to before... June 23rd for instance, he was selling them for .99 BTC per. Can't even imagine what his margins were back then... And couldn't understand back then why people were lining up to buy so many of them? Even more shocking, I saw someone thanking one of Friedcat's US resellers for selling him hundreds of them just recently! Is there any way those things can turn a profit? I mean for the buyer? Clearly friedcat will sell them for as long as he gets his pound of flesh. But whats good for FC isn't necessarily good for the people buying from him...
yes they turn profits for many of my ebay buyers. I am kicking myself for not buying 120 last time I purchased 60. I had cheaper bitcoins then.
Many ebay buyers have ebucks ... This is money that can only be spent on ebay . So a set of 7 sticks for 98 usd may cost the ebay buyer only 50 usd after discounts even less.
so 7 sticks are 2.133 gh. many people have free power if they added 7 sticks 30 days ago they got back about 30 usd since that time. Well on the way to roi. you need to understand for them buying btc is not easy buying sticks on ebay is easy.
They are dealing in fiat like ebucks, usd , other ebay discounts. I have earned as much as 145 usd in ebucks during pre christmas season.
I could have purchased 12 sticks for free. The money can not be spent on any place but ebay.
Most people here do not understand the complexities involved in calculating roi across 3 or 4 fiats.