mcleo (OP)
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Activity: 77
Merit: 10
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January 23, 2014, 03:00:57 AM |
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Trying to sort myself here. I sold all of my BFL gear about 3 months ago and splurged on a Jupiter, but now I find myself, less than 100 days later thinking that I need to sell again.
I am thinking that Bitcoin mining isn't for me. This constant turnover of machines is stressful not only selling, but stressful in regards to having to constantly be on TOP of your mining gear. If you let it rot, it will become worthless.
TL;DR - Those of you with older gear, what's your plan moving forward?
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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SantaMuerte
Newbie
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Activity: 42
Merit: 0
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January 23, 2014, 03:34:31 AM |
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Sell, trade with the profit, cash out 50% when BTC hits 1500USD
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mcleo (OP)
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Activity: 77
Merit: 10
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January 23, 2014, 03:42:56 AM |
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What do you mean trade with the profit?
I imagine I would realistically get what for a 670GH Jupiter?
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dropt
Legendary
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Activity: 1512
Merit: 1000
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January 23, 2014, 04:25:57 AM |
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I'm still running my B2 Avalon (@85GH/750W). Don't see myself getting rid of it anytime soon.
You must have never had a GPU farm if you think maintaining ASICs is a chore.
As for moving forward, I stayed out of the pre-order game. Currently I'm running ~1.4TH of Antminer S1 units. I'm doing a hell of a lot better than most everyone who got involved with pre-orders. I plan to stay at this level until the Cointerra/Monarch/HF debacle plays out.
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daddyfatsax
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January 23, 2014, 04:28:41 AM |
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What do you mean trade with the profit?
I imagine I would realistically get what for a 670GH Jupiter?
Name a price. I would be interested. |
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empoweoqwj
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January 23, 2014, 04:32:11 AM |
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Trying to sort myself here. I sold all of my BFL gear about 3 months ago and splurged on a Jupiter, but now I find myself, less than 100 days later thinking that I need to sell again.
I am thinking that Bitcoin mining isn't for me. This constant turnover of machines is stressful not only selling, but stressful in regards to having to constantly be on TOP of your mining gear. If you let it rot, it will become worthless.
TL;DR - Those of you with older gear, what's your plan moving forward?
If you aren't enjoying it and its stressing you, of course sell it. Stick in on eBay and bag the money now. |
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nytrolic
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Activity: 165
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The World’s First Blockchain Core
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January 23, 2014, 01:49:31 PM |
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PM me your price mate
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klondike_bar
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Activity: 2128
Merit: 1005
ASIC Wannabe
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January 23, 2014, 06:07:56 PM |
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IMO, too soon to sell an efficient machine like that.
that said, put it for sale in the local classifieds (craigslist, kijiji, etc) for 50% more than its capable of mining and see what happens. if it sells-great! if not-keep mining with it.
I sold some antminers this past week for far more than i expected. I sold 3 of them at $2750 each with power supplies and another for 3BTC with a power supply. More than enough money/bitcoins to order 6 more that deliver early next week (maybe 5.25 units if you consider the week or so of lost mining income)
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Gator-hex
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January 23, 2014, 06:38:33 PM |
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Just keep mining until your new gear arrives that's how it always works.
As long as the mining covers the electricity costs don't worry about it.
To get the best price sell when there is a jump in Bitcoin price so there is more interest.
Eventually Bitcoin will break through the $1000 barrier and the news will be all over it.
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ManeBjorn
Legendary
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Activity: 1288
Merit: 1004
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January 23, 2014, 10:08:07 PM |
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What are you selling and how much?? Trying to sort myself here. I sold all of my BFL gear about 3 months ago and splurged on a Jupiter, but now I find myself, less than 100 days later thinking that I need to sell again.
I am thinking that Bitcoin mining isn't for me. This constant turnover of machines is stressful not only selling, but stressful in regards to having to constantly be on TOP of your mining gear. If you let it rot, it will become worthless.
TL;DR - Those of you with older gear, what's your plan moving forward?
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elchorizo
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January 23, 2014, 11:05:59 PM |
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I have a Gen 1 Avalon (75 gh/s) I'm considering selling as well, though don't know what a good price for it would be. I would consider trading up for a Jupiter... let me know what you want to sell it for and anyone feel free to PM me for a price on the Avalon Gen 1.
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BTC: 1Chorizo6WNabZxVfQyGtvF4JiRt7Hexxb
LTC: Lchorizoy8ck7Arbby8LDnw5wAmi8h6Hzb
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empoweoqwj
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January 24, 2014, 04:07:36 AM |
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Just keep mining until your new gear arrives that's how it always works.
As long as the mining covers the electricity costs don't worry about it.
To get the best price sell when there is a jump in Bitcoin price so there is more interest.
Eventually Bitcoin will break through the $1000 barrier and the news will be all over it.
Screwed at the moment then  |
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riclas
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January 24, 2014, 08:40:31 PM |
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I entered the pre order game and i'm not sure it was worth it... i got back 1/3 of the investment and the recent ups in diff are saddening. i don't i'll roi on anything at this point... oh well, lesson learned.
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portuguese p2p trader. telegram @riclas
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empoweoqwj
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January 25, 2014, 03:27:37 AM |
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I entered the pre order game and i'm not sure it was worth it... i got back 1/3 of the investment and the recent ups in diff are saddening. i don't i'll roi on anything at this point... oh well, lesson learned.
Do what everyone else does. Sell the kit on eBay to claw as much back as possible  Just don't attempt it again .... its going to be even more savage this next 6 months. |
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