I bought a miner from a friend..

[TheArabPanzer]

Hey guys,

Well I bought the Jalapeno miner(5 GH/s) from a friend for 250$. I listed it on eBay to see what I could get for it. I set the starting auction at 200 and the buy now option for 500$. Literally within 5 minutes I got a notification that somebody bought it for 500$! Should I have put it to a higher buy it now option or have i just been struck lucky? Thanks.

[TheArabPanzer]

BUMP.

[VirtualCoinBuddy]

Watch out for scammers/idiots on ebay... check the buyer's feedback.. a good buyer usually commits and pays instantly.

[MAbtc]

A quick flip for double your money sounds good to me. Don't know what Ebay's policies are with this though...I'd be careful using reversible payment methods.

[TheArabPanzer]

He paid instantly. Blue star 100% 91 ratings. Should I have gone higher?

[BitcoinNews.io]

yeah, i've heard stories of buyers claiming they received a box of bricks rather than hardware. and obviously scammers aren't very price sensitive, so if they are willing to pay well over the market price, that's a warning sign.

[BitcoinNews.io]

check what other 5 GH/s Jalapeno miner sell for. looking at some of the auctions the prices, you don't seem to have under priced it too much.

[lordzandaar]

if you just search for 'bitcoin' on ebay, you can see that almost everything related goes for way higher than the actual price. (e.g. miners or 0.01 BTC)

[BitcoinNews.io]

my search was "Jalapeno miner(5 GH/s)".

[Gator-hex]

People seem to pay double what it's worth on eBay Bitcoin machines.
Having something for immediate shipment kinda adds value I guess.

[BitcoinNews.io]

bingo. in economics it's called 'time preference' -- people prefer to get things sooner rather than later.

[Itun]

I think you could have gotten a bit more
Currently, because of the increase in price for btc, the price of bitcoin miners increased... a lot
However, you still got a lot of money

[dogjunior]

You could have probably gone higher but $500 seems fair on eBay.

[huskerbrown]

You could have probably gone higher but $500 seems fair on eBay.

Prices on eBay for mining equipment is pretty volatile right now.  I'm considering dumping my 30+ USB miners because they are going for so high.  What do you think would be a ridiculous price for 30 USB Miners, Hubs and Fans?

[enuro12]

Amazon too. They had the 10gb Asic miner for 238 last monday. It's $378 now.

[bitcoinminer11794591]

You could have probably gone higher but $500 seems fair on eBay.

Prices on eBay for mining equipment is pretty volatile right now.  I'm considering dumping my 30+ USB miners because they are going for so high.  What do you think would be a ridiculous price for 30 USB Miners, Hubs and Fans?

are you in the US or UK?

[JumpingLimaBean]

huh nice profit there

[huskerbrown]

are you in the US or UK?

I'm in the US

[cryptosprinter]

When I got my Jalapeno I wasn't satisfied with the amount of coins I was mining. After a few calculations and at the rate difficulty was climbing I realized I would never make back my investment back. So I sold it for $200 to a friend. If you made $500, in my opinion that's good business. I'ts not likely that you'll ever get that much through mining, once you take into account electricity costs.

[sk8bo]

Good for you TheArabPanzer !