Miners DUMPING their ASICs

STT

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Re: Miners DUMPING their ASICs

April 16, 2014, 02:22:12 AM

#81

Can anyone explain to me why should the market care about difficulty. Does it affect the product or is it just a mining problem. Does BTC get more secure each time the diff rises or is this all like one of those tractor pulls
http://www.youtube.com/watch?v=N8QTprCYgD8

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gamersglory

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Re: Miners DUMPING their ASICs

April 16, 2014, 02:27:42 AM

#82

It's simple really with the new Scrypt ASIC coming out. It's more profitable to mine Scrypt coins and trade them for BTC or hope that one of the fly by night coins get adopted

monsterasic

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Re: Miners DUMPING their ASICs

April 16, 2014, 05:00:49 PM

#83

Many turned to Scrypt and soon there will be ASICs available too. Very soon Wink

Wyatt

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Re: Miners DUMPING their ASICs

April 17, 2014, 04:24:46 AM

#84

Still, no one has answered where they are dumping their ASICs?

I don't think there is a mass dump but some people have posted on here that they have sold, so where did you sell?

I want buy second hand (cheap) ASICs and I'm completely unimpressed with what I'm seeing on ebay.

ChuckBuck

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Re: Miners DUMPING their ASICs

April 17, 2014, 04:46:18 AM

#85

Quote from: Wyatt on April 17, 2014, 04:24:46 AM

Still, no one has answered where they are dumping their ASICs?

I don't think there is a mass dump but some people have posted on here that they have sold, so where did you sell?

I want buy second hand (cheap) ASICs and I'm completely unimpressed with what I'm seeing on ebay.

You can look to the Goods:

https://bitcointalk.org/index.php?board=75.0

or Group Buys section:

https://bitcointalk.org/index.php?board=137.0

There's also https://cryptothrift.com/

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spazzdla

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Re: Miners DUMPING their ASICs

April 17, 2014, 03:31:00 PM

#86

Dumping their gear at... OVER THE PRICE OF WHAT THEY BOUGHT IT AT...

...................... This is not dumping................ LMAO.

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Re: Miners DUMPING their ASICs

April 19, 2014, 09:35:45 AM

#87

Quote from: spazzdla on April 17, 2014, 03:31:00 PM

Dumping their gear at... OVER THE PRICE OF WHAT THEY BOUGHT IT AT...

...................... This is not dumping................ LMAO.

I know right?

OP seems to think that's a bad thing or bearish thing.

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Shogen

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Re: Miners DUMPING their ASICs

April 19, 2014, 12:57:04 PM

#88

Quote from: STT on April 16, 2014, 02:22:12 AM

Can anyone explain to me why should the market care about difficulty. Does it affect the product or is it just a mining problem. Does BTC get more secure each time the diff rises or is this all like one of those tractor pulls
http://www.youtube.com/watch?v=N8QTprCYgD8

The higher the difficulty, the ASIC will generate less bitcoin for you.

The higher the difficulty (total network hashrate), it will be harder for someone to control >50% hashrate to launch a 51% attack.

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