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November 20, 2013, 08:53:40 PM |
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For a while, I thought people were overpaying considerably for btc mining hardware on secondhand markets.
(btc prices from the blockchain api)
A week ago, btc prices were a tad under $400, today we've seen a peak at a tad over $600. This is a 33% increase. A week ago on ebay, I watched 5GH ASICS sell for around $350. Today, I watched one sell for $520, a 32% increase. It seems the inflated hardware prices make sense. This means that the market price of mining hardware might always directly be tied to the current price of btc, which seems to be ever increasing. =/
This is not the case for GPU hardware for litecoins, which have stable secondhand prices due to other uses of the hardware (graphics).
Another observed advantage of mining litcoins! =D
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