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marvykkio (OP)
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February 14, 2015, 09:34:32 AM |
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and a couple of days I see people who are selling all its machines for mine, I wondered why despite having the latest generation machines people sell? something is happening in the world of btc? curiosity  |
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DannyHamilton
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Activity: 3388
Merit: 4615
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February 14, 2015, 09:47:01 AM |
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Bitcoin mining is a very competitive business. Unless you have access to very cheap electricity and cooling, it can be difficult (or even impossible) to mine profitably.
Some people choose to mine at a loss. They might do so because they don't understand the math, they might choose to do so as a hobby, or they might choose to do so because they were profitable when they started and then their expenses grew and their revenue shrunk over time.
Some of those who are mining at a loss will eventually either run out of money or decide that they don't want to lose money any longer. They will then sell their equipment, hoping to recover some of their loss in the sale.
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Kazimir
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February 14, 2015, 10:03:47 AM |
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What do you mean 'too many'. Both mining itself, as well as the mining hardware market, is just offer vs demand.
Apparently, lots of people believed there was something like free money. Now it turns out there isn't, at least not for all or most of them. Makes perfect sense. Bitcoin keeps on working as intended.
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marvykkio (OP)
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February 14, 2015, 10:09:22 AM |
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What do you mean 'too many'. Both mining itself, as well as the mining hardware market, is just offer vs demand.
Apparently, lots of people believed there was something like free money. Now it turns out there isn't, at least not for all or most of them. Makes perfect sense. Bitcoin keeps on working as intended.
I mean that too many people are selling their hardware also being new generation type sp20, sp30, antminer s5 etc ..... many sales are few purchases |
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Kazimir
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February 14, 2015, 11:23:32 AM |
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So... what's the problem for Bitcoin, exactly?
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Honeybooboo
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February 14, 2015, 11:58:06 AM |
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Too many sales of Pepsi Cola
Too many sales of iPhones
Too many sales of Taylor Swift CDs
People buy and sell miners all the time. They also become obsolete quickly with new miners, but they can be used to mine other alt coins.
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notlist3d
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Activity: 1456
Merit: 1000
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February 15, 2015, 01:20:18 AM |
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What do you mean 'too many'. Both mining itself, as well as the mining hardware market, is just offer vs demand.
Apparently, lots of people believed there was something like free money. Now it turns out there isn't, at least not for all or most of them. Makes perfect sense. Bitcoin keeps on working as intended.
I mean that too many people are selling their hardware also being new generation type sp20, sp30, antminer s5 etc ..... many sales are few purchases I don't think I would agree with few purchases. Hardware can be sold multiple times and is in a lot of cases. That is nice thing over cloud mining. You mine it till you want to sell it, then in a lot of cases it finds a home with cheaper electricity. Over time old gear is lowered on price. |
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ivonna
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www.secondstrade.com - 190% return Binary option
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February 15, 2015, 04:03:30 AM |
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Almost all major mining manufacturers price their equipment in terms of dollars even though they only accept bitcoin as payment. Since the price of bitcoin has fallen significantly recently (by a lot) people that previously purchased miners can now sell for less in terms of USD but still end up with more bitcoin then they started with (plus their mining revenue)
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philipma1957
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'The right to privacy matters'
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February 15, 2015, 04:26:19 AM |
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and a couple of days I see people who are selling all its machines for mine, I wondered why despite having the latest generation machines people sell? something is happening in the world of btc? curiosity well they can be like me. I had a lot of sp20's running underclocked. 9 of them set at 1111gh each . =10000 gh ( Power = 5400 watts) if I sell 3 and keep 6. I can clock the 6 at 1300 gh and get 7800gh. (power = 4200 watts) I use less heat and power hash stays close and I put money in my pocket. I am at 13 cents for power in the winter if I count my heat savings I am at 10 cents an hour. when the Spring comes I save no money with the heat. On June 1st my power jumps to 16 cents for the summer. I always have to be ahead of the curve with sales. |
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notlist3d
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Activity: 1456
Merit: 1000
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February 16, 2015, 12:43:11 AM |
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I sold some on ebay. One I wish another person would have won. I wish ebay could charge for time used sending back and forth how to use a miner. Never had a ebay auction winner like this before. I am trying to get them to do teamviewer so i can help quickly and save time for him and me. I honestly cannot figure if he is trying to cheat me with amount of trouble, or truly new.
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philipma1957
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Activity: 4116
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'The right to privacy matters'
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February 16, 2015, 01:00:15 AM |
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I sold some on ebay. One I wish another person would have won. I wish ebay could charge for time used sending back and forth how to use a miner. Never had a ebay auction winner like this before. I am trying to get them to do teamviewer so i can help quickly and save time for him and me. I honestly cannot figure if he is trying to cheat me with amount of trouble, or truly new.
when mining was newer I sold about 1000 usb sticks on ebay. I taught 30 or 40 people how to mine. |
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notlist3d
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Activity: 1456
Merit: 1000
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February 16, 2015, 01:25:09 AM |
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I sold some on ebay. One I wish another person would have won. I wish ebay could charge for time used sending back and forth how to use a miner. Never had a ebay auction winner like this before. I am trying to get them to do teamviewer so i can help quickly and save time for him and me. I honestly cannot figure if he is trying to cheat me with amount of trouble, or truly new.
when mining was newer I sold about 1000 usb sticks on ebay. I taught 30 or 40 people how to mine. Dang I never sold that many i was around 60 of them sold. Wish I would have kept one as a momento at this point but I didnt. This one I'm having to teach everything including PSU's how one PCI-e cable cannot power all of a S3. Took me almost whole day to get a picture of his wiring. Still waiting on a picture of his configuration to help tell what needs changed. Teamviewer/skype makes it so much easier. This back/forth with so long between questions just makes it take much longer. I always have used teamviewer/skype but for some reason he wants to do through ebay one message at a time. If all goes well we will have one more miner in the world I think tonight. I think seeing his wiring and helping on that should fix the problems he had. I think in future auctions i will list teamviewer/skype help. I normally like doing it. But through ebay message only takes a long time. |
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charles99
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February 16, 2015, 09:00:42 AM |
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I sold some on ebay. One I wish another person would have won. I wish ebay could charge for time used sending back and forth how to use a miner. Never had a ebay auction winner like this before. I am trying to get them to do teamviewer so i can help quickly and save time for him and me. I honestly cannot figure if he is trying to cheat me with amount of trouble, or truly new.
when mining was newer I sold about 1000 usb sticks on ebay. I taught 30 or 40 people how to mine. Dang you rock. Nice profit there. |
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BTCish
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February 16, 2015, 11:16:45 AM |
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Sometimes some of the miners deside to invest in some other things, like i will soon.
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