Cube auction on eBay - am I doing something wrong?

[J_Dubbs]

I've sold on eBay before but this seems odd... I'm seeing other cube sales closed out $140-190 but I've got 12 hours left with 12 bids and it's only up to $20! Most auctions end with less bids and 8 times higher price. Did I screw this up or what? Looks like somebody will probably walk away happy, no reserve.


http://www.ebay.com/itm/ASICminer-Cube-30-GH-s-ASIC-Bitcoin-Miner-/171284633436?&pb=2&pt=LH_DefaultDomain_0&maxbid=80&autorefresh=true

Should I be trying to promote this or anything?

[Gazza1]

I don't know but doesn't that thing make less than 25cents a day?

[HellDiverUK]

With difficulty the way it is, it's getting to the point where you can't give miners away.  Especially heat producing, power sucking ones like the Cube.  

I didn't even bother trying to sell my slower/inefficient miners, I'm probably just going to bin them.

[J_Dubbs]

I don't know but doesn't that thing make less than 25cents a day?

I think it's more than that but your outlook is flawed. This is BITCOIN, it's speculative. You know what happened to all the people in 2013 who unplugged when they weren't seeing profits above electricity, right? The idea is the miner builds a position overtime and doesn't burden you with the pressure of a cost basis. On any mining or trading the profits worth bragging about will be made only if BTC trades higher. You are measuring a speculative investment in present value USD after it's taken a decent beating for a few months.

I'm selling these cheap, and at first the loss was hard to stomach, but the sales are funding my Antminer upgrades. By selling and buying at the bottom I at least can shuffle things around and show losses on the equipment sales.

[Gazza1]

I don't know but doesn't that thing make less than 25cents a day?

I think it's more than that but your outlook is flawed. This is BITCOIN, it's speculative. You know what happened to all the people in 2013 who unplugged when they weren't seeing profits above electricity, right? The idea is the miner builds a position overtime and doesn't burden you with the pressure of a cost basis. On any mining or trading the profits worth bragging about will be made only if BTC trades higher. You are measuring a speculative investment in present value USD after it's taken a decent beating for a few months.

I'm selling these cheap, and at first the loss was hard to stomach, but the sales are funding my Antminer upgrades. By selling and buying at the bottom I at least can shuffle things around and show losses on the equipment sales.

I guess that is a good way of looking at it. 

[Skaterdiejosh]

You waited to long to sale your cubes !! Im allready about to start to sell my antminer S1"s in 2-3 more weeks. Then upgrade to 1 watt/1 Ghs miners. I try to watch eBay prices and make sure you sell befor your miner has lost more then half its value ...

[MiningSensei]

With difficulty the way it is, it's getting to the point where you can't give miners away.  Especially heat producing, power sucking ones like the Cube.  

I didn't even bother trying to sell my slower/inefficient miners, I'm probably just going to bin them.

If you are going to bin them I'd be glad to buy them for shipping costs

[pmorici]

I've sold on eBay before but this seems odd... I'm seeing other cube sales closed out $140-190 but I've got 12 hours left with 12 bids and it's only up to $20! Most auctions end with less bids and 8 times higher price. Did I screw this up or what? Looks like somebody will probably walk away happy, no reserve.


http://www.ebay.com/itm/ASICminer-Cube-30-GH-s-ASIC-Bitcoin-Miner-/171284633436?&pb=2&pt=LH_DefaultDomain_0&maxbid=80&autorefresh=true

Should I be trying to promote this or anything?

I sold a bunch of Block Erupters on ebay for decent prices a few weeks back I've found that using the "But it Now" fix price format with the "Make me an Offer" option works best for getting the highest price.  I also offer free shipping with the option to upgrade to a faster shipping if the buyer wants it and make sure to have multiple good photos so people can see what they are bidding on.

Your shipping is over priced by like 30% your pictures are not great and you lead with the "no refunds or exchanges" bit.  I would say something more along the lines of guaranteed not DOA would make buyers more comfortable.

[iglasses]

The coin crashing every day isn't helping either.

[J_Dubbs]

Yeah this sucks, I hate eBay selling so much. Right now buyers want everything and are totally in control, f'ng Bitcoin is in the toilet and demand has dried up for equipment. Just last week someone offered me 150+ and I should have just took it. I've got a local guy that might be interested in making a bid on this one. Just sucks that I cannot pull the auction now, have a bad feeling this one isn't even gonna break $100.

[philipma1957]

Yeah this sucks, I hate eBay selling so much. Right now buyers want everything and are totally in control, f'ng Bitcoin is in the toilet and demand has dried up for equipment. Just last week someone offered me 150+ and I should have just took it. I've got a local guy that might be interested in making a bid on this one. Just sucks that I cannot pull the auction now, have a bad feeling this one isn't even gonna break $100.

yeah you need to start auction at a higher price point also you have a lessor version since it does not over clock.

maybe you get 85 plus 15 to ship it or 100 total.   the cube is a hard item to sell as the s-1 ant miner does 6x the hash for the same power.  it can be found for under 600 usd on ebay.  and it can under clock/undervolt do about140 gb at 160 volts which means it has more life or earning  if you under clock/under volt it around june 1st

[TrollboxChamp]

Yeah this sucks, I hate eBay selling so much. Right now buyers want everything and are totally in control, f'ng Bitcoin is in the toilet and demand has dried up for equipment. Just last week someone offered me 150+ and I should have just took it. I've got a local guy that might be interested in making a bid on this one. Just sucks that I cannot pull the auction now, have a bad feeling this one isn't even gonna break $100.

Have someone you know buy it and then just dont make them pay?

In order to void the auction that is...

[pmorici]

Yeah this sucks, I hate eBay selling so much. Right now buyers want everything and are totally in control, f'ng Bitcoin is in the toilet and demand has dried up for equipment. Just last week someone offered me 150+ and I should have just took it. I've got a local guy that might be interested in making a bid on this one. Just sucks that I cannot pull the auction now, have a bad feeling this one isn't even gonna break $100.

Have someone you know buy it and then just dont make them pay?

In order to void the auction that is...

Or you can just cancel the auction.  If you want to get the best price and aren't desperate to sell it right now the best time to sell ASIC equipment on eBay is during price bubbles people pay irrational prices during those times.

[ak49er]

You waited to long to sale your cubes !!

This.

And I'm in the same boat.  I could have probably sold them at a nice price just two weeks ago when I started to think about selling them.  Just waited a week or two longer than I should have.  Now I'll probably get half of what I could have, (but still twice what they're worth ).

[ZipTheRip]

I noticed that your post drove the price up a bit, not quite where you want it im sure but...at least its not selling for $20

[philipma1957]

Hey you got 125 plus 15 for shipping not bad.

[MiningSensei]

I was really hoping for that 20$ cube lol...

[maardein]

Don't forget many people use snipers for bidding on ebay. Or they snipe themselves. Around 90% of bids on ebay is in the last hour or so of the auction.

[pbj sammich]

Don't forget many people use snipers for bidding on ebay. Or they snipe themselves. Around 90% of bids on ebay is in the last hour or so of the auction.

Exactly this

But hey 125 is pretty good I would say