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Author Topic: [CLOSED] batch #43 .34, .39 btc per ASICMiner Cube 30-38Gh/s  (Read 24558 times)
CanaryInTheMine
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January 25, 2014, 12:18:28 AM
 #281

last USPS run for today in 20 mins

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January 25, 2014, 05:40:04 AM
 #282

Damn man, I paid 0.75 btc on the 19th for a cube and now they're at 0.50  Angry
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January 25, 2014, 02:09:47 PM
 #283

order sent, email sent with label.

hopefully you can get it out today. Smiley

M

I mine at Kano's Pool because it pays the best and is completely transparent!  Come join me!
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January 25, 2014, 09:39:42 PM
 #284

CanaryInTheMine:

I appreciate the service you provide. I've ordered a few times now, and know you provide outstanding service. However, I am a bit disappointed in the price dropping so rapidly over the last couple weeks.

I am sure you can understand the disappointment of having the price drop only a couple days after an order. It's happened to me twice now and I'm starting to feel like a fool. Could you please give us some guidance on how often prices drop or maybe what might trigger price drops in the future? For example, are they directly tied to difficulty or is it dictated by the batch or something else altogether?

Thanks!
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January 25, 2014, 10:06:53 PM
 #285

order sent, email sent with label.

hopefully you can get it out today. Smiley

M
It shipped out earlier today. Thanks!

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  Tested .5000 tx per block. on open network
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January 25, 2014, 10:10:07 PM
 #286

CanaryInTheMine:

I appreciate the service you provide. I've ordered a few times now, and know you provide outstanding service. However, I am a bit disappointed in the price dropping so rapidly over the last couple weeks.

I am sure you can understand the disappointment of having the price drop only a couple days after an order. It's happened to me twice now and I'm starting to feel like a fool. Could you please give us some guidance on how often prices drop or maybe what might trigger price drops in the future? For example, are they directly tied to difficulty or is it dictated by the batch or something else altogether?

Thanks!

I feel ya but it's not his fault, all supply and demand. If the Antminer wasn't out, and ASICminer didn't produce so many cubes, then the price would be higher or less soft. He's just the seller, and a great one at that, but to remain competitive he needs to price at the market. Holding out for a price drop doesn't make sense because the units cover less ground now than they did a week ago. The thing to be frustrated with is that something 2 months old is seen as "obsolete". I'm tempted to buy 2 more at this price, but at this point I'm just gonna let what I own run for a while. The price is all supply and demand, finding blame is like faulting someone for the forces of gravity. The .40 BTC you spend now can potentially be used in 2 months to buy an Antminer; in the end, from the patterns thus far, the market will price these things so your timing will have only a small impact on where your final balance lands, at least in the near-term.
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January 27, 2014, 02:46:33 AM
 #287

Yep, sorry if it sounds like I was looking for someone to blame - I'm not. Just wondering if there is something I can look for to avoid missing a price drop by a day or two. Totally agree Canary is an awesome seller and provides awesome service.
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January 27, 2014, 04:15:25 AM
 #288

Yep, sorry if it sounds like I was looking for someone to blame - I'm not. Just wondering if there is something I can look for to avoid missing a price drop by a day or two. Totally agree Canary is an awesome seller and provides awesome service.

We're potentially at a turning point right now in the market as BTC has been moving sideways, regulators have been quiet, and cost of inputs has been increasing. All this points to a breakout (IMO), I don't have a crystal ball but increasing inputs alone should result in miners holding and a shortage with buyers bidding up BTC. At the .75 cost it might take a while to mine back if paid with BTC, but I have a feeling the cube will prove profitable if you translate all costs into dollars. Of course all of this depends on BTC breaking out to a new high, and I don't claim to make good predictions but it can't go sideways much longer with all this hardware action happening...
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January 27, 2014, 04:44:22 AM
 #289

Yet, this returns us to the question "buy or mine?" If profitable mining depends on the value of BTC increasing, then we should probably just buy BTC rather than mine. Right now it appears to me that mining BTC is can only be profitable if you can resell your miners in a couple months without them loosing too much value. Of course this ignores the possibility of mining alt coins and the fact that mining is just fun Smiley
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January 27, 2014, 06:29:53 AM
 #290

Yet, this returns us to the question "buy or mine?" If profitable mining depends on the value of BTC increasing, then we should probably just buy BTC rather than mine. Right now it appears to me that mining BTC is can only be profitable if you can resell your miners in a couple months without them loosing too much value. Of course this ignores the possibility of mining alt coins and the fact that mining is just fun Smiley

Let me ask you this... If you bought BTC at $100 would you have sold when it hit $200? How about $500? Most traders set an exit target and not many would hold through those new highs. I know I'd never have the discipline to buy at $100 and hold until $1,000. Mining, totally different story, less pressure to cash out, no set cost basis or urge to "lock in a gain". But with mining comes the continual draw to reinvest the mined output into new gear. All decisions have costs of different types, for me this is a hobby and while profit is certainly nice it is not my primary objective. I speculate on stocks now and then, the pressure to sell when something doubles can be rather intense, and nothing is worse than watching a winner turn into a loser. With mining it's a whole different game, much more long term and feels like a business simulation, more enjoyable and far more interesting than trading in and out, and buy and hold is booooring. Not to mention, I don't have the balls to buy BTC at $1,000, but I'll certainly mine it 24/7.


Edit: just realized we are thread jacking a group buy, lol... I have another thread about being addicted to hardware, you should check it out: https://bitcointalk.org/index.php?topic=397619.0
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January 27, 2014, 02:49:11 PM
 #291

First USPS drop off in about two hrs.

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January 27, 2014, 09:54:52 PM
 #292

Nice price! Let me order 3 or 4 tomorrow!

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January 27, 2014, 09:59:59 PM
 #293

Nice price! Let me order 3 or 4 tomorrow!
OK

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January 27, 2014, 10:30:19 PM
 #294

Nice price! Let me order 3 or 4 tomorrow!
OK

You do ship to the EU as long as I print my own label right?

What would be better to fit in a shipping box? 3 or 4?

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January 27, 2014, 11:01:35 PM
 #295

Nice price! Let me order 3 or 4 tomorrow!
OK

You do ship to the EU as long as I print my own label right?

What would be better to fit in a shipping box? 3 or 4?
I ship to US addresses.

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January 28, 2014, 02:56:22 AM
 #296

everything shipped out earlier today.  new orders will go out tomorrow late morning.
Thanks!

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January 28, 2014, 03:49:28 AM
 #297

Another order on its way to you!


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January 28, 2014, 10:22:29 AM
 #298

Canary, I sent you a PM or two.  Did you see it?

M

I mine at Kano's Pool because it pays the best and is completely transparent!  Come join me!
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January 28, 2014, 06:22:43 PM
 #299

Canary, I sent you a PM or two.  Did you see it?

M
Yes, responded. thanks

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.SEMUX
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  Semux uses .100% original codebase.
  Superfast with .30 seconds instant finality.
  Tested .5000 tx per block. on open network
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youngkenzie
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January 28, 2014, 07:22:20 PM
 #300

sent pm

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