Selling off my mining rigs

[NetTecture]

I think the OP hasn't thought this through.  He's selling his mining gear because it's not worth mining any more, on a Bitcoin mining forum 

Speaking of getting rid of hardware, I too am downsizing, although listing elsewhere to sell my graphics cards and other bits.  Employing $1000 of hardware to eek out maybe $5 a day after power and tax doesn't strike me as especially effective.

This is partly a problem of mom and pop basement operations that neither are tax regiestered (paying sales tax / VAT) nor get industrial power.

Just comparing my own plans to a home guy 20km further down the road:

* I look for a room with water access for ingoing chillers (cooling air into the room, air out will be dumped to the environment) Happens I live on a harbor city.
* I will pay about 25% to 20% of the power costs he pays

Makes a difference between happy investment, possibly, and - well... loosing money.

People like Vladimir with his data centers will make money when small basement operations realize they pay a hefty price every month.

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[AreYouCereal]

I think the OP hasn't thought this through.  He's selling his mining gear because it's not worth mining any more, on a Bitcoin mining forum 

Speaking of getting rid of hardware, I too am downsizing, although listing elsewhere to sell my graphics cards and other bits.  Employing $1000 of hardware to eek out maybe $5 a day after power and tax doesn't strike me as especially effective.

This is partly a problem of mom and pop basement operations that neither are tax regiestered (paying sales tax / VAT) nor get industrial power.

Just comparing my own plans to a home guy 20km further down the road:

* I look for a room with water access for ingoing chillers (cooling air into the room, air out will be dumped to the environment) Happens I live on a harbor city.
* I will pay about 25% to 20% of the power costs he pays

Makes a difference between happy investment, possibly, and - well... loosing money.

People like Vladimir with his data centers will make money when small basement operations realize they pay a hefty price every month.

You should ask google for some space in their new data centre 

Google has released a video showing off an interesting environmentally friendly innovation in one of their newly built data centers -- namely, a seawater cooling system for its servers. Located on the southern coast of Finland, the data center takes advantage of massive quarter-mile long tunnels installed by a paper mill previously operating on the site. The latter cooled some of its paper making machinery using the tunnels -- and apparently other industries have been known to do this as well -- but up until now using seawater for data center cooling was unheard of.

http://www.techspot.com/news/43942-googles-new-finland-data-center-is-cooled-by-seawater.html

[sharky112065]

Why you selling everything? :O

Will you sell mobos and cpus by themselves?

Honestly? Timing is everything, I've recouped my hardware costs and with the next round of difficulty increase on the horizon I don't see much future in mining (BTC is a different story...) and would like to sell before the secondary market is flooded with used video cards.

Happy to sell the motherboards + CPUs separately, they are:

Motherboards:
Qty 7, MSi 870-G45
Qty 1, MSi 890FXA-GD70
Qty 1, MSi 870U-G55

All of the CPUs are AMD Semperons

Wait.. what?

Your all paid off and you are quitting? Unless your mining is bringing in less than your power cost, why would you get out now when your hardware is paid in full?

I understand difficulty going up yields less coins, but you should still be profitable with that many GPU's.

[lionclaw]

Why you selling everything? :O

Will you sell mobos and cpus by themselves?

Honestly? Timing is everything, I've recouped my hardware costs and with the next round of difficulty increase on the horizon I don't see much future in mining (BTC is a different story...) and would like to sell before the secondary market is flooded with used video cards.

Happy to sell the motherboards + CPUs separately, they are:

Motherboards:
Qty 7, MSi 870-G45
Qty 1, MSi 890FXA-GD70
Qty 1, MSi 870U-G55

All of the CPUs are AMD Semperons

Wait.. what?

Your all paid off and you are quitting? Unless your mining is bringing in less than your power cost, why would you get out now when your hardware is paid in full?

I understand difficulty going up yields less coins, but you should still be profitable with that many GPU's.

It isn't a matter of still being profitable, it's a matter of maximizing the $$$ in your pocket.  I had 4k worth of hardware in my 5Gh cluster.  With the latest difficulty increase it was only bringing in $40 a day after power costs.  With future difficulty increases, or drop in BTC value, it may drop as low as $20.  Assuming an average of $25 (big assumption) from here on out, and assuming I could get $2500 for my hardware now, it would take 100 days to just break even.  That's a big gamble.  I'll take my money now thank you

http://shop.ebay.com/pilotandy/m.html?_nkw=&_armrs=1&_from=&_ipg=&_trksid=p3686

[Vandroiy]

Wow, this makes me realize where all that processing power comes from.

I never thought about this... if there ever is a large price crash in Bitcoin, the hardware markets will be flooded with used high-throughput graphics cards.

And the Southern Islands GPUs are around the corner... ebay might be a feast for gamers soon.

[Fiyasko]

And so it begins...

Yeah i was hoping we wouldnt see this until a Long time from now. But oh well, What sucks More right now is that every miner is hoarding coins going "please go back up market pleaaase" and they dont realise that "The trading of the coins is what gives them value"

[xanadu]

The lot has been spoken for and deposits are in place, thank you all for the interest!

[RyanWebber]

I wish I had that much hardware a couple months ago 

Hope your sale goes smooth.

[MoonShadow]

Wow, this makes me realize where all that processing power comes from.

I never thought about this... if there ever is a large price crash in Bitcoin, the hardware markets will be flooded with used high-throughput graphics cards.

And the Southern Islands GPUs are around the corner... ebay might be a feast for gamers soon.

That's just the ebb and flow of markets, as applied to bitcoin mining.  I'm in the market for some used mining gear to build my mining heater for my garage.  It might need to be as large as a rack for an electric heater as powerful as I can buy at Wal-Mart for $30, but this one has the potential of paying for itself.  Any miners who live in climates with a heating season longer than 6 months should really consider shutting down, but waiting until fall before considering selling.  Any miners in  tropical climates really shouldn't be mining at all.  The thread with the miner in Hawaii, with year round AC demands and 25 cents per KWH, just made me laugh. 

[bitcoinminer]

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