Miners DUMPING their ASICs

[Lathanium]

Yes there is offloading of older asics going on out there.  I let go of my avalon batch 2 finally.  Thats all profit

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[ArticMine]

They will become heaters in Nordic country

Or Canada ...

[cosmofly]

Miners are dumping their asics on daily basis the number of asics on sale is significantly on the rise.

Bitcoin mining is collapsing . there will only be few data centers left it will be so centralized might as well rename bitcoin to Bitripple in the near future.

[BittBurger]

My kingdom for a mining company that doesn't do pre-orders.

Ships immediately.

I know, i know.   You can stop laughing.

[Klestin]

Miners are dumping their asics on daily basis the number of asics on sale is significantly on the rise.

Bitcoin mining is collapsing . there will only be few data centers left it will be so centralized might as well rename bitcoin to Bitripple in the near future.

You actually think the ones buying the old generation of used hardware are data centers? Or did I just feed a troll?

[subcoin]

Mining just slows the creation of new bitcoin

How mining really works

[googlemaster1]

Can the bitcoin price stay low for a while to discourage new ASIC investment PLEASE and let us get good use of our current hardware?  Sorry for all you nerds who bought BTC at $800, but some of us have bought a crapton of mining equipment back when the diff was ~2Billion.

I dream of a 5% difficulty increase in a cycle in April hahaha.

[hodlmybtc]

Mining just slows the creation of new bitcoin

[Bit_Happy]

Mining just slows the creation of new bitcoin

Is that the most interesting miner in the World?
Let's ask him some questions. 

[b¡tco¡n]

Guys it's going to be game over soon. I just read an article explaining how bitcoin is going to reach negative values and bagholders are going to have to pay people to take bitcoins off their hands: http://finance.yahoo.com/blogs/talking-numbers/this-could-be-the-end-of-the-bitcoin-era-220746326.html

First people were dumping their ASICs and now this. Oh what shall we do? 

On a more serious note, it's no surprise that next-gen mining hardware will make the previous generation obsolete. Some of those people buying these unprofitable ASICs probably don't pay for electricity, and may yet see an ROI.

I'll take your bitcoins off your hands for free. Just send them to the address in my sig, and I promise I wont send you a disposal bill.

[paulsonnumismatics]

Why would less mining result in lower bitcoin prices? 

Both #7 and #8 wrong. They are selling 400 Gh/s units because theyre expecting delivery of 1,2 and 4 Thash ones.
That is not less mining. Is waaaay more mining.
And for all that power to be profitable, someone will be aware that at current prices its absurd to fork $5000 on some ASIC to mine 7 or 8 BTCs and resell it later for $999. He will just buy 12 BTCs and save on power, maintenance, et al.
At least, thats how i see it.

[dani]

Miners are dumping their asics on daily basis the number of asics on sale is significantly on the rise.

Bitcoin mining is collapsing . there will only be few data centers left it will be so centralized might as well rename bitcoin to Bitripple in the near future.

Sure.

[BoogieMan82]

They will become heaters in Nordic country

I had 3 Block Erupter Cubes running through February and March and they kept my large living room at about 72 degrees consistently. My heater never kicked on.

I bought the three off Ebay for $1040.00. I sold them for $795. I made .24BTC. I paid ebay 10% of the $795.
-1040+795-79+(.24*450current BTC= -216.00

Not Profitable at current BTC price!

BTC was around $800 I think. If I bought 1.25BTC for $1000, I would be underwater $440.

Less Profitable at current BTC price!


It's a gamble either way

But with heating costs so high this winter ($200+/mo)... maybe you DID make a profit

[igorr]

I warned at time:
https://bitcointalk.org/index.php?topic=400001.0

[porcupine87]

I wonder when the growth of the hashrate starts to relax. This is amazing. For one year and more we get a growth of about 20% per week (or even more. per difficulty adjustment). Sure, the price of mining hardware just decreased by a few factors in just a year and the price is much higher. But this is just great! ASICs is the best thing that could happen to Bitcoin!

Fact is: You can use ASCIs only for Bitcoin mining and the cost of running them is small compared to the buying price. So if the hardware is out there, a decrease in difficulty is improbable. Non-Asic-Coins don't have that advantage.

Why would less mining result in lower bitcoin prices? 

The network would become less secure. But I really don't think that it would matter significantly. Even 1/10 of the current hashrate could be considered as secure.

[ChuckBuck]

I warned at time:
https://bitcointalk.org/index.php?topic=400001.0

What's bicoin?  Is that a new sexually ambiguous Alt coin?   

[Bit_Happy]

I warned at time:
https://bitcointalk.org/index.php?topic=400001.0

What's bicoin?  Is that a new sexually ambiguous Alt coin?   

bicoin?
Finally a coin that knows how to handle almost any situation? 
Perhaps he ment bipolar coin.

[sssubito]

I know why the pole's ice will be melting away...

[cloverme]

Miners are just trading in their equipment for newer equipment. I've got some 30ghs cubes that I'll be selling soon as well.

[tatepastor]

for all of you that are scared of bitcoin ending your wrong! the us debt will be a 18 tr by the end of the year.  we have dug ourselves in a hole we can never get out of. The people will turn to something to keep trade going. I believe it will be the crypto universe. hold out for a bit longer. The us dollar is a pile of shit. The Chinese see and the Russian also see it. Don't give up!