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Why people sell their miners
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Topic: Why people sell their miners (Read 1580 times)
Biodom
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Re: Why people sell their miners
September 24, 2017, 01:20:23 AM
#21
I sell miners usually when better one's are available.
It's kind of strange that 178 Mh/s S1 were making more btc/day in the spring of 2014 than S9 makes today with S9 having 78561 times more hashing power. That's bitcoin's difficulty for you. Just imagine S9 suddenly appearing (time travel) in 2014. Oh, my.
BitcoinIntern
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Re: Why people sell their miners
September 24, 2017, 05:49:24 AM
#22
Quote from: philipma1957 on September 22, 2017, 09:04:58 PM
Quote from: BitcoinIntern on September 22, 2017, 07:00:23 PM
Quote from: philipma1957 on September 20, 2017, 09:15:17 PM
I sell all my miners (unless they break)
I wait for a time that makes a profit for me.
lets say the r4 from bitmain.
purchased in dec for 1500 usd. I mined about 2000 usd in coin with it.
price of coin went up so much I was able to sell it for 1100 last week
so 2000 + 1100 = 3100 - 1500 = 1600 usd profit.
Yeah I could continue to mine and most like have higher profit but more risk.
Instead I have 1600 profit
I grabbed 2 avalon 741's with the money and now have 16000gh instead of 8000gh. and my original 1500 usd out of pocket is in my pocket.
So it is like have 16000 gh for free.
I could sell the avalon 741's in a year or a week as btc price will decide what I do.
If I mine for a month I should earn .11 btc if coins jump to 6k that would mean
660 usd back and I could sell 1 miner at a higher price due to btc being at 6000
so if I sell one for 1000
I now have my first 1500 back I have the 1600 I paid for the 2 avalons = 3100 plus 60
and still have 1 miner left.
so the original 1500usd is now 3160 usd and one 8000 gh miner
Philipma where do you usually sell your miners? Thanks.
here on bitmaintalk in the marketplace section.
Thank you
Meech
Hero Member
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Activity: 924
Merit: 1000
Re: Why people sell their miners
September 25, 2017, 11:30:25 AM
#23
Hate to recap but only the first gen Asics truly made money for home miners if purchased early. Every thing since has just been almost breaking even.
ordimans
Full Member
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Re: Why people sell their miners
September 25, 2017, 07:16:21 PM
#24
D3 with X11 algo.
Go from 0.023 to 0.013, 90USD to 50USD....
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