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carlosmnk (OP)
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October 12, 2015, 09:37:06 PM |
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Hi, i've bought an Antminer S7 for 7.81BTC and sell it in a few hours for 9.72BTC, what a pretty surprise!!
But now the hashnest's S7 are "non aviable". What do you think? It is possible that Bitmain is selling their S7's at that other price, but with the GHS format?
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Played with: USB RedFury - BlackArrows Prospero X1/X3 - Butterfly Monarch- Spondoolies SP20E - Avalon 6 - Antminer U3/S3/S3+/C1/S5/S7 Batches 3-7-8 - Sfards SF100 - Innosilicon A2 Terminator - Alcheminer 96/256 - KNC Titan - Etherum Rigs
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notlist3d
Legendary
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Activity: 1456
Merit: 1000
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October 12, 2015, 10:50:11 PM |
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Hi, i've bought an Antminer S7 for 7.81BTC and sell it in a few hours for 9.72BTC, what a pretty surprise!!
But now the hashnest's S7 are "non aviable". What do you think? It is possible that Bitmain is selling their S7's at that other price, but with the GHS format?
Can you explain how you made that BTC in a few hours? That is a sweet profit for hours. Was it just them running out of stock that made people want them? Or did they announce anything? |
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carlosmnk (OP)
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October 12, 2015, 11:42:25 PM |
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Hi, i've bought an Antminer S7 for 7.81BTC and sell it in a few hours for 9.72BTC, what a pretty surprise!!
But now the hashnest's S7 are "non aviable". What do you think? It is possible that Bitmain is selling their S7's at that other price, but with the GHS format?
Can you explain how you made that BTC in a few hours? That is a sweet profit for hours. Was it just them running out of stock that made people want them? Or did they announce anything? I bought the antminer s7 on 7/10 and sell 4860 ghs at the same moment it started to hash...  |
Played with: USB RedFury - BlackArrows Prospero X1/X3 - Butterfly Monarch- Spondoolies SP20E - Avalon 6 - Antminer U3/S3/S3+/C1/S5/S7 Batches 3-7-8 - Sfards SF100 - Innosilicon A2 Terminator - Alcheminer 96/256 - KNC Titan - Etherum Rigs
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philipma1957
Legendary
 Online
Activity: 4340
Merit: 9017
'The right to privacy matters'
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October 12, 2015, 11:44:19 PM |
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Hi, i've bought an Antminer S7 for 7.81BTC and sell it in a few hours for 9.72BTC, what a pretty surprise!!
But now the hashnest's S7 are "non aviable". What do you think? It is possible that Bitmain is selling their S7's at that other price, but with the GHS format?
Can you explain how you made that BTC in a few hours? That is a sweet profit for hours. Was it just them running out of stock that made people want them? Or did they announce anything? the preorder on hashnest was for 7.81btc he then sold the gear piecemeal 1gh to 100gh at a time at a higher price. the window is gone to do it as hashnest stopped selling s-7s they sold 1000 at 7.81 btc each |
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BLOCK_C
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October 13, 2015, 12:07:04 AM |
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equipment is largely based on demand and btc speculation pricing so if people are excited about the market you can make a quick buck in resale, but you can lose just as easy.
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BitcoinNewsMagazine
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Activity: 1806
Merit: 1164
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October 13, 2015, 12:17:06 AM |
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Yes, good for him. Well done. If the demand for S7 was not there he would have had to sell at a loss, or probably just keep it for the mining income.
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notlist3d
Legendary
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Activity: 1456
Merit: 1000
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October 13, 2015, 01:41:13 AM |
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Yes, good for him. Well done. If the demand for S7 was not there he would have had to sell at a loss, or probably just keep it for the mining income.
I think OP has the most profitable S7 experience yet. Others will wait a LONG time and hope to get profit like this. Only wish I would have known and gotten one during this. Ohh well I guess. But congatz to OP. |
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BitcoinNewsMagazine
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October 13, 2015, 02:21:48 AM |
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My crystal ball is a little hazy but I suspect soon all the S7 hash bought as a speculation will be sold. I see a large gap between bid and ask at Hashnest with buyers with largest bids between .0015 and .0017. If bitcoin price started trending down S7 price could easily crash from .0019 to .0016. Not to mention at current price S5 is the better buy as it is considerably more profitable. My bids are in under .0016 otherwise I would rather own S5.
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philipma1957
Legendary
Online
Activity: 4340
Merit: 9017
'The right to privacy matters'
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October 13, 2015, 02:26:36 AM |
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My crystal ball is a little hazy but I suspect soon all the S7 hash bought as a speculation will be sold. I see a large gap between bid and ask at Hashnest with buyers with largest bids between .0015 and .0017. If bitcoin price started trending down S7 price could easily crash from .0019 to .0016. Not to mention at current price S5 is the better buy as it is considerably more profitable. My bids are in under .0016 otherwise I would rather own S5.
yeah s5 = 0.000733 and s7 = 0.001933 that ratio is wrong the s-5 is a bargain or the s-7 is overpriced. at 0.000733 an entire s5 = 0.84295 btc which is under 210 usd at 0.001933 an entire s7 = 9.39438 btc which is over 2254 usd |
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notlist3d
Legendary
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Activity: 1456
Merit: 1000
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October 13, 2015, 02:40:19 AM |
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My crystal ball is a little hazy but I suspect soon all the S7 hash bought as a speculation will be sold. I see a large gap between bid and ask at Hashnest with buyers with largest bids between .0015 and .0017. If bitcoin price started trending down S7 price could easily crash from .0019 to .0016. Not to mention at current price S5 is the better buy as it is considerably more profitable. My bids are in under .0016 otherwise I would rather own S5.
yeah s5 = 0.000733 and s7 = 0.001933 that ratio is wrong the s-5 is a bargain or the s-7 is overpriced. at 0.000733 an entire s5 = 0.84295 btc which is under 210 usd at 0.001933 an entire s7 = 9.39438 btc which is over 2254 usd Thinking of cloud and pricing. I remember you pointing V4 looked not near as good on PACMiC. Did you figure out if PACMiC v4 is typed wrong? Or if it is that much worse then V3? |
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philipma1957
Legendary
Online
Activity: 4340
Merit: 9017
'The right to privacy matters'
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October 13, 2015, 03:08:14 AM |
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My crystal ball is a little hazy but I suspect soon all the S7 hash bought as a speculation will be sold. I see a large gap between bid and ask at Hashnest with buyers with largest bids between .0015 and .0017. If bitcoin price started trending down S7 price could easily crash from .0019 to .0016. Not to mention at current price S5 is the better buy as it is considerably more profitable. My bids are in under .0016 otherwise I would rather own S5.
yeah s5 = 0.000733 and s7 = 0.001933 that ratio is wrong the s-5 is a bargain or the s-7 is overpriced. at 0.000733 an entire s5 = 0.84295 btc which is under 210 usd at 0.001933 an entire s7 = 9.39438 btc which is over 2254 usd Thinking of cloud and pricing. I remember you pointing V4 looked not near as good on PACMiC. Did you figure out if PACMiC v4 is typed wrong? Or if it is that much worse then V3? the pacmic v4 is really bad deal. The best they are offering is s5 hash. I just purchased 439 gh in s5 |
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alh
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Activity: 1849
Merit: 1052
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October 13, 2015, 09:52:00 PM |
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Since I am a complete noob on PacMic, do the prices reflect an "all in" price for a GH? Does the price include runtime costs as well as equipment costs? If the prices are "all in", then the price/GH should be virtually identical, shouldn't they?
Maybe folks expect that an S7 GH will have greater long term value, than an S5 GH (i.e. better resale vale)?
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philipma1957
Legendary
Online
Activity: 4340
Merit: 9017
'The right to privacy matters'
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October 13, 2015, 09:54:17 PM |
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Since I am a complete noob on PacMic, doe the prices reflect an "all in" price for a GH? Does the price include runtime costs as well as equipment costs? If the prices are "all in", then the price/GH should be virtually identical, shouldn't they?
Maybe folks expect that an S7 GH will have greater long term value, than an S5 GH?
they made the deal better as it was first using the s5 and is now using the s7---------- I guess I was correct thinking the meant to base it off s-7 power costs per gh. so pacmic v4 would be more likely to not mine under its power cost per gh since the s7 is ½ the power cost of the s-5 |
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Amph
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Activity: 3248
Merit: 1070
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October 14, 2015, 12:26:35 PM |
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so the demand is much higher than the market price at the moment, or it was just you being very lucky?
because i doubt people are stupid enough to pay 20%, maybe it was a naive user...
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philipma1957
Legendary
Online
Activity: 4340
Merit: 9017
'The right to privacy matters'
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October 14, 2015, 10:16:30 PM |
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so the demand is much higher than the market price at the moment, or it was just you being very lucky?
because i doubt people are stupid enough to pay 20%, maybe it was a naive user...
high demand. there was a window of opportunity to pre order at about .0016 btc a gh current price is now around .001976 btc a gh on the 9th there where 600 left of 1000 for sale on the 10th they all sold out at about 7.9 btc or maybe 7.84 btc so anyone that jumped in at that price made an instant score the next day. if you had 24 coins they turned into about 30 in a day. |
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YuginKadoya
Legendary
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Activity: 3038
Merit: 1169
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October 16, 2015, 01:17:27 PM |
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Hi, i've bought an Antminer S7 for 7.81BTC and sell it in a few hours for 9.72BTC, what a pretty surprise!!
But now the hashnest's S7 are "non aviable". What do you think? It is possible that Bitmain is selling their S7's at that other price, but with the GHS format?
Maybe his a newbie miner and didn't know the exact price for S7? but google is available that is why I might be wrong, and you are just very lucky to find a buyer with that extreme stupidity!  Question is where did you sell your S7? I also think the country of the buyer might add to the conclusion on why he buy your S7 with that kind of price? |
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BitcoinNewsMagazine
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Activity: 1806
Merit: 1164
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October 16, 2015, 03:29:11 PM |
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Took a week but price of S7 GHs is crashing. S5 hash continues rise.
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carlosmnk (OP)
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October 16, 2015, 03:50:12 PM |
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Took a week but price of S7 GHs is crashing. S5 hash continues rise.
Lot of people was selling S5 to buy S7. Now, with the S7's price so high, most of them are returning to buy the S5's. I'm waiting for S7's cheaper...  |
Played with: USB RedFury - BlackArrows Prospero X1/X3 - Butterfly Monarch- Spondoolies SP20E - Avalon 6 - Antminer U3/S3/S3+/C1/S5/S7 Batches 3-7-8 - Sfards SF100 - Innosilicon A2 Terminator - Alcheminer 96/256 - KNC Titan - Etherum Rigs
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philipma1957
Legendary
Online
Activity: 4340
Merit: 9017
'The right to privacy matters'
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October 16, 2015, 04:54:44 PM |
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Took a week but price of S7 GHs is crashing. S5 hash continues rise.
Lot of people was selling S5 to buy S7. Now, with the S7's price so high, most of them are returning to buy the S5's. I'm waiting for S7's cheaper... I have a buy in at 0.0018 I have a sell in at 0.0020 name of the game is buy low sell high. meanwhile the s-7 hash I have earns some btc. |
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BitcoinNewsMagazine
Legendary
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Activity: 1806
Merit: 1164
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October 16, 2015, 05:11:32 PM |
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Speculators enjoyed a full week of selling S7 hash they bought during the pre-sale for a quick profit. Fair value is about .0016 and anyone buying S7 GHs for more than that is taking a rather large chance on a quick loss on paper that could take a long time to make up. Better to wait until the price bottoms out to buy.
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