i didn't want to say anything else before the auction ended, but, some advice
Thank you for the courtesy - it is frustrating trying to manage an auction thread when there are multiple people trying to have academic arguments in it, so I appreciate you waiting until the auction was over.
it would be wise not to base your pricing decisions on item x based on the price "some random guy" was willing to pay for it "a few days ago".
when I was pricing my 6990's to sell on ebay, there were 4 that had ended in the last week, w/ prices ranging from $350 to $470 (450 + 20 ship). so, if the last one that sold was the $470 one, that makes the price $470?
I was looking to sell it for > 2.5
BTC because I saw the price range in cryptx's auction. If it hadn't sold for 2.5
BTC+, I would have kept it; that's why I priced it there (as a starting bid).
I personally really value the ability to mine; it's a wonderful feeling. It seems others do too (as there were a bunch of boards sold by cryptx at high prices, and I had at least 3 serious parties at levels above 2.5
BTC). Unfortunately my personal circumstances have changed somewhat since I started investing in mining equipment so I now need to value ROI more than mining for fun. I have in fact sold most of my significant personal extravagances:
My KnC Mercury:
https://bitcointalksearch.org/topic/interest-knc-mercury-310961My Bitburner Fury (through this thread)
My car:
https://bitcointalksearch.org/topic/wts-car-mazda-mx-5-convertible-racing-green-1998-78k-fsh-london-uk-320480I have about 10 more things I will be selling. I might do some dual listings on eBay and here, but I think some of it might just get listed on eBay to save the hassle of negotiation on these forums for smaller items.
In answer to your question about graphics cards, yes - that transaction indicates that the price is $470, and that could be verified if you're willing to sell at that price and there are buyers willing to buy at that price. If there was just one buyer at that price, maybe it's just an anomaly, but if there are others willing to buy at that level, that's the price. Price is defined by buyer and seller appetite / availability (supply and demand), just as the price of bitcoins (and most other things) is defined by supply and demand:
http://bitcoinchain.com/#period=day&chart_type=candlestick&trade_name=mtgox&trade_currency=usd&points=50&min=1379728800000Furthermore, if the precedents were priced from $350-470, and you started your auction at $250, would you agree with people telling you that was an unreasonable starting price (despite it being lower than all of the recent sale prices)?
Best
scotjam
