[CLOSED] batch #43 .34, .39 btc per ASICMiner Cube 30-38Gh/s

[CanaryInTheMine]

order sent, email sent with label.

hopefully you can get it out today.

M

It shipped out earlier today. Thanks!

[J_Dubbs]

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.

[activescott]

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.

[J_Dubbs]

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...

[activescott]

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

[J_Dubbs]

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

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

[CanaryInTheMine]

First USPS drop off in about two hrs.

[cannachris]

Nice price! Let me order 3 or 4 tomorrow!

[CanaryInTheMine]

Nice price! Let me order 3 or 4 tomorrow!

OK

[cannachris]

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?

[CanaryInTheMine]

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.

[CanaryInTheMine]

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

[ak49er]

Another order on its way to you!

[mdude77]

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

M

[CanaryInTheMine]

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

M

Yes, responded. thanks

[youngkenzie]

sent pm

Posted From bitcointalk.org Android App

[youngkenzie]

reserve 1

Posted From bitcointalk.org Android App

[mdude77]

order and email sent.

tx!

M

[CanaryInTheMine]

order and email sent.

tx!

M

shipped out. thanks!

[karanveer]

for Canada.
from the reseller teek its 0.7 btc on his website.