Why people sell their miners

[Biodom]

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]

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]

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]

D3 with X11 algo.
Go from 0.023 to 0.013, 90USD to 50USD....