s1gs3gv
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ex uno plures
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June 29, 2014, 04:34:55 PM
Last edit: June 29, 2014, 07:03:29 PM by s1gs3gv |
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The buy and sell on ebay is valid and ethical.
Well, I don't want to go too far off-topic and start arguing with you about all the opportunistic thugs operating some of the larger on-line markets and payment services, but if you are selling equipment to people for more money than you know it can mine then you are taking advantage of them. I'm sure there are exceptions amongst people who have free electricity. With respect to use of S1 and S3 machines as heaters, its an interesting idea but the case for their deployment really depends on an explosion of BTC/fiat exchange rates that may or may not occur. That is a subject which is probably topic-worthy but in a different thread. |
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allcoinminer
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June 29, 2014, 04:55:22 PM |
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This is common, similar to what happened during S1 release.
Any who have previous experience and have a bit baby sitting experience for BTT and ASIC with
a bit of alertness to the changing btc world and know what happens, profit/ROI is there.
I'm not saying the calculators are completely wrong, they are correct if mined btc and BTC value is not changing.
Also note BTC value usually explodes after a long calmness much like the stocks.
If you know how to make a miner ROI, then profit is there, yes ethically.
I don't like to argue with the people says it will not ROI. Because its not the game for everyone.
Now a days, no miner will give ROI if you are leaving it to mine on a pool.
Earlier its a plug and play thing now it need expertise to ROI like any business. Golden times gone for miners.
"If it was easy them, then its free money, but there is no free money anywhere."
If one is a n00b to mining, buy 1ghs from cloud-mining or hosted mining shares and learn yourselves instead of buying an expensive miner.
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Bitkoinzz
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June 29, 2014, 06:40:07 PM |
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THIS JUST IN.......
Antminer S2 ships July 1st $1790 USD.......
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Mudbankkeith
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June 29, 2014, 06:50:11 PM |
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THIS JUST IN.......
Antminer S2 ships July 1st $1790 USD.......
Sell S2  Hold on to the S3 a bit longer  |
BTc donations welcome:- 13c2KuzWCaWFTXF171Zn1HrKhMYARPKv97
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Xian01
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Christian Antkow
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June 29, 2014, 07:37:13 PM |
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Can't wait for Bitmain to start testing shipping of their 28nm products !
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philipma1957
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'The right to privacy matters'
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June 29, 2014, 07:42:47 PM |
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Can't wait for Bitmain to start testing shipping of their 28nm products !
would be nice to see this get released. quite a log jam waiting for the gear. |
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fractal02
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June 29, 2014, 08:14:29 PM |
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So, delivery still delayed? My S1 need a lil' bro with more GH/s  |
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philipma1957
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'The right to privacy matters'
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June 29, 2014, 08:22:18 PM |
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So, delivery still delayed? My S1 need a lil' bro with more GH/s well my last 3 s1's will soon roi in btc . they have done so in usd. |
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Biodom
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June 29, 2014, 08:30:49 PM |
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So, delivery still delayed? My S1 need a lil' bro with more GH/s well my last 3 s1's will soon roi in btc . they have done so in usd. bought when? i calculated ~20-25% ROI in BTC on march batch, plus positive $$ on resale(~$50-70 ea) after considering cost of electricity and power supplies. Late april S1s-almost ROI in BTC (they are still hashing) what are ebucks? |
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suchmoon
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https://bpip.org
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June 29, 2014, 09:29:23 PM |
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if you are selling equipment to people for more money than you know it can mine then you are taking advantage of them.
Bullshit. Even if there is a screwed-up parallel universe where that statement makes any kind of sense you still can't expect an eBay seller or any other kind of merchant to KNOW and price their products individually to each buyer according to their electric rate and/or their expectation of an unpredictable quantity (i.e. bitcoin difficulty). If the product is advertised with correct specs and delivered on time, the rest is buyer's responsibility. |
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ernie-
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June 29, 2014, 09:52:38 PM |
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My main gripe with the OP is Bitmain assumes $0.12 per KWH when doing their ROI calculations. For people like me who have to pay $0.29 per kWh and rising this week by another 14%, it's kind of a joke to see $0.12 used as the median electricity price.
Someone should start a poll to see the real price people are paying. Perhaps Bitmain could add power cost as a profile field on their shopping cart.
Not all of us live in China with subsidized electricity prices.
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bitdigger2013
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June 29, 2014, 09:57:28 PM |
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seems to me you know your own power costs and therefore can make your own calculation before buying! It is not bitmains responsibility to know every buyers operating costs. Do your own calculations and make informed purchase decisions.
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toxic1978
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June 29, 2014, 09:57:45 PM |
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Bullshit. Even if there is a screwed-up parallel universe where that statement makes any kind of sense you still can't expect an eBay seller or any other kind of merchant to KNOW and price their products individually to each buyer according to their electric rate and/or their expectation of an unpredictable quantity (i.e. bitcoin difficulty). If the product is advertised with correct specs and delivered on time, the rest is buyer's responsibility.
Thank you, you saved me having to write out a pretty much identical post  |
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cruzader
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June 29, 2014, 10:02:48 PM |
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Not all of us live in China with subsidized electricity prices.
I live in northern europe and we have 0,12$ residential without any subsidies. i pay 0,08$ as i got a 1man company registered and get commercial pricing. |
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klondike_bar
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ASIC Wannabe
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June 29, 2014, 10:09:57 PM |
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The buy and sell on ebay is valid and ethical.
Well, I don't want to go too far off-topic and start arguing with you about all the opportunistic thugs operating some of the larger on-line markets and payment services, but if you are selling equipment to people for more money than you know it can mine then you are taking advantage of them. I'm sure there are exceptions amongst people who have free electricity. With respect to use of S1 and S3 machines as heaters, its an interesting idea but the case for their deployment really depends on an explosion of BTC/fiat exchange rates that may or may not occur. That is a subject which is probably topic-worthy but in a different thread. I disagree. Ebay is a reasonable way to judge a paypal-priced value for things, and for people who have no BTC and have no way to easily get BTC paying a 10%+ premium via ebay/paypal is not terrible. and even if the equipment stops being profitable in 5 months with a $600/BTC, if prices jump to $1000 you can suddenly get another 2 months use and quite likely make a profit. You need to look at the value of the mining equipment both in terms of current market conditions as well as how the market may be in 6 months from now, or a year form now. If BTC went up to $2000 during July, even the 7w/GH BFL equipment would start coming back online again and making small profits |
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suchmoon
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https://bpip.org
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June 29, 2014, 10:10:05 PM |
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My main gripe with the OP is Bitmain assumes $0.12 per KWH when doing their ROI calculations. For people like me who have to pay $0.29 per kWh and rising this week by another 14%, it's kind of a joke to see $0.12 used as the median electricity price.
Someone should start a poll to see the real price people are paying. Perhaps Bitmain could add power cost as a profile field on their shopping cart.
Not all of us live in China with subsidized electricity prices.
I think a large part of the US falls within the 0.10-0.15 range, it's not just China. At 0.29 you should consider hosting options. Adjusting ROI calculation won't do you any good, just think about that. |
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Syke
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June 29, 2014, 10:12:58 PM |
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If BTC went up to $2000 during July, even the 7w/GH BFL equipment would start coming back online again and making small profits
Exactly. Hashrate follows price. I expect the next bubble to hit before the end of the year. Combined with the heating benefits of running miners in winter, the hashrate is going to be crazy high by the end of this year. |
Buy & Hold
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taipo
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Kia ora!
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June 29, 2014, 10:18:03 PM |
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If BTC went up to $2000 during July, even the 7w/GH BFL equipment would start coming back online again and making small profits
If it did, the increase in sales of miners to existing and new miners due to the size of the carrot quadrupling, and the resulting rise in difficulty to match would quickly offset any temporary gains in the value of the exchange rate of BTC to cash. All of this has happened before, and it will happen again. |
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philipma1957
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'The right to privacy matters'
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June 29, 2014, 10:59:24 PM |
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So, delivery still delayed? My S1 need a lil' bro with more GH/s well my last 3 s1's will soon roi in btc . they have done so in usd. bought when? i calculated ~20-25% ROI in BTC on march batch, plus positive $$ on resale(~$50-70 ea) after considering cost of electricity and power supplies. Late april S1s-almost ROI in BTC (they are still hashing) what are ebucks? I sent a pm explaining ebucks . I will find my purchase id for the 3. s-1's the order was done on may 19 coins were low . I will find the tx id https://blockchain.info/tx/cb0eddf6f2d227e1f8c4bdda507b952e9272d8b417934ce27c6e4e16d980cc18payment was 1.167 btc , but usd was 520 these have cleared 516 after power not counting the name coins earned |
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s1gs3gv
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ex uno plures
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June 29, 2014, 11:03:01 PM |
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if you are selling equipment to people for more money than you know it can mine then you are taking advantage of them.
Bullshit. Even if there is a screwed-up parallel universe where that statement makes any kind of sense you still can't expect an eBay seller or any other kind of merchant to KNOW and price their products individually to each buyer according to their electric rate and/or their expectation of an unpredictable quantity (i.e. bitcoin difficulty). If the product is advertised with correct specs and delivered on time, the rest is buyer's responsibility. exactly: The Greater Fool exploit. You could say the same about any company selling their equipment to retail customers for more than it is likely to earn. |
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