To da moon and miner prices

[Pathi]

During the bubble of 2013 I was able to sell used usb miners for 10 to 15 times their cost. I wonder if this will happen again if btc price explodes.

Maybe now is a good time to buy some equipment???

WTS used antminer s5 $2500 LOL.

[SFR10]

I'm going to agree with you since the start of the month , Bitcoin value is growing and growing and if it goes for another month like this , you may at least double the what you have just bought , i'm thinking this too

[sidehack]

I'm worried because every time in the last year and a half that I've brought in a large amount of BTC from sales or hosting invoices, the price suddenly dropped before I could cash out. And within the next week I'll be listing for sale something like 50BTC worth of stuff, so really I expect the price to drop at least 10% about Thursday (assuming I sell on Wednesday).

[Pathi]

I'm worried because every time in the last year and a half that I've brought in a large amount of BTC from sales or hosting invoices, the price suddenly dropped before I could cash out. And within the next week I'll be listing for sale something like 50BTC worth of stuff, so really I expect the price to drop at least 10% about Thursday (assuming I sell on Wednesday).

That's the downside to it , I'm monitoring it closely and there's always rise and fall within minutes but mostly rise as of now

Yeah, you guys are working a lot shorter term than me. I am thinking 1k plus for a used s5. Which means coins will have to be over 1k also probably.

[notlist3d]

During the bubble of 2013 I was able to sell used usb miners for 10 to 15 times their cost. I wonder if this will happen again if btc price explodes.

Maybe now is a good time to buy some equipment???

WTS used antminer s5 $2500 LOL.

That was a unique situation.  Everyone wanted to get an asic and was just not anything else really out there.  So block erupters took over.

I know I had around 40 running at my peak, and in ballpark of 80 I bought.  Below is my favorite picture of my gear when I had 20 running.

[jeannemadrigal2]

I'm worried because every time in the last year and a half that I've brought in a large amount of BTC from sales or hosting invoices, the price suddenly dropped before I could cash out. And within the next week I'll be listing for sale something like 50BTC worth of stuff, so really I expect the price to drop at least 10% about Thursday (assuming I sell on Wednesday).

HAHA!  Yes, I am thinking of getting some more btc, and if I do then the bull run will die and it will drop back down to 250$, because that is always what happens!

But yes, I think that there may be an increase in mining equipment costs.  I noticed that on hashnest the price of hash has a strong inverse correlation to btc price, but with this last week run the price of hash has been pretty solid and does not show the usual inverse relationship as strong as it usually does.  To me this shows that people are willing to pay more for hash/mining equipment as price rises.  And honestly, when I bought in to the hash it was .3% a DAY, which doesn't sound like a lot but geeze there should not be any investment that pays so much, because usually investors will bid this up until the return is lower.  As the market cap increases, and you see more traditional investors get in to the game, expect these strange market inefficiencies to minimize over time.  Sooner or later hashnsest should have a 10% yearly return, not monthly!  But I think this will also be the case with equipments, up to a point.

[Amph]

it's feasible only if the price rise so fast that the diff can't keep with it, at that pooint yes you will be able to sell your miner for x10, for the ratio of the price, the price rised x10 in that 1200 peak

[philipma1957]

I'm worried because every time in the last year and a half that I've brought in a large amount of BTC from sales or hosting invoices, the price suddenly dropped before I could cash out. And within the next week I'll be listing for sale something like 50BTC worth of stuff, so really I expect the price to drop at least 10% about Thursday (assuming I sell on Wednesday).

HAHA!  Yes, I am thinking of getting some more btc, and if I do then the bull run will die and it will drop back down to 250$, because that is always what happens!

But yes, I think that there may be an increase in mining equipment costs.  I noticed that on hashnest the price of hash has a strong inverse correlation to btc price, but with this last week run the price of hash has been pretty solid and does not show the usual inverse relationship as strong as it usually does.  To me this shows that people are willing to pay more for hash/mining equipment as price rises.  And honestly, when I bought in to the hash it was .3% a DAY, which doesn't sound like a lot but geeze there should not be any investment that pays so much, because usually investors will bid this up until the return is lower.  As the market cap increases, and you see more traditional investors get in to the game, expect these strange market inefficiencies to minimize over time.  Sooner or later hashnsest should have a 10% yearly return, not monthly!  But I think this will also be the case with equipments, up to a point.

Damn you killed the run by just talking about making a coin purchase.

We dropped to 275!

[sidehack]

Just wait. It'll drop farther around the end of the week, as soon as I have any coin. Take a look at Feb 2014 - that sudden monthlong continuous downturn after a month of steady pricing happened the day after we took in sales of the first batch of 750W server boards. I managed to catch a brief spike a month later and cashed out without losing more'n about 5% somehow but that left me with a month's worth of manufacturing costs and no revenue to speak of. Something like this (though usually not that bad) tends to happen every time I bring in several coin. So be ready.

[wlefever]

Just wait. It'll drop farther around the end of the week, as soon as I have any coin. Take a look at Feb 2014 - that sudden monthlong continuous downturn after a month of steady pricing happened the day after we took in sales of the first batch of 750W server boards. I managed to catch a brief spike a month later and cashed out without losing more'n about 5% somehow but that left me with a month's worth of manufacturing costs and no revenue to speak of. Something like this (though usually not that bad) tends to happen every time I bring in several coin. So be ready.

Thanks for the tip haha

[xstr8guy]

And everyone is bitching because Bitmain raised the price of the S5!

Now maybe people will understand why they did it. Price gouging isn't just for retailers. Everyone is greedy.

[notlist3d]

And everyone is bitching because Bitmain raised the price of the S5!

Now maybe people will understand why they did it. Price gouging isn't just for retailers. Everyone is greedy.

And they are doing smart business moves to be only one really selling new current gen.   Most stopped on this gen already and sold out (Avalon 4.1, SP).

But Bitmain made a big enough batch to outlast the others by quite a bit.   So it's hard to say they don't deserve some extra for having it in stock.   Hopefully we hit a happy medium eventually.

[goxed]

[xstr8guy]

God I loved those old Bitfury kits. I had 5 semi-full kits running at one point. None were ever to run all 16 cards though without random cards shutting down.

There was always lots of wiggling/swapping cards and taping them together to try to keep as many cards running as possible, lol. And when I could get 14 or 15 cards running on one M board... I just tried not to walk by too fast and cause a wind disturbance or vibration or else I'd have to start wiggling and swapping cards again.

Them were the good ol' days!

[goxed]

God I loved those old Bitfury kits. I had 5 semi-full kits running at one point. None were ever to run all 16 cards though without random cards shutting down.

There was always lots of wiggling/swapping cards and taping them together to try to keep as many cards running as possible, lol. And when I could get 14 or 15 cards running on one M board... I just tried not to walk by too fast and cause a wind disturbance or vibration or else I'd have to start wiggling and swapping cards again.

Them were the good ol' days!

I would have never imagined that I would own 100s of GPUs or have such an intimate relationships with circuit boards.

[sidehack]

...with your weiner?