Antminer S7 on Hashnest

[carlosmnk]

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?

[notlist3d]

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?

[carlosmnk]

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... 

[philipma1957]

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

[BLOCK_C]

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.

[BitcoinNewsMagazine]

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.

[notlist3d]

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.

[BitcoinNewsMagazine]

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.

[philipma1957]

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

[notlist3d]

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?

[philipma1957]

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

[alh]

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)?

[philipma1957]

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

[Amph]

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...

[philipma1957]

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.

[YuginKadoya]

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?

[BitcoinNewsMagazine]

Took a week but price of S7 GHs is crashing. S5 hash continues rise.

[carlosmnk]

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... 

[philipma1957]

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.

[BitcoinNewsMagazine]

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.