Author

Topic: FOR SALE - BTC MINING FARM - 30 S7s Hosted and In Location. $13,500.00 (Read 1996 times)

legendary
Activity: 1694
Merit: 1002
Go Big or Go Home.....
FOR SALE:
 
30 S7s and 14 PSUs = $13,500.00 USD  Already Collocated and sold in place with contract until December 25th, 2016

-OR-

43 S7s and 19 PSUs = $19,500.00 USD  Already Collocated and sold in place with contract until December 25th, 2016

Your Choice, Great Deal either way!

Wait. When you say '..in contract until Dec 25th 2016..' does that mean the hosting is paid up until that date?
legendary
Activity: 1260
Merit: 1006
Mine for a Bit
FOR SALE:
 
30 S7s and 14 PSUs = $13,500.00 USD  Already Collocated and sold in place with contract until December 25th, 2016

-OR-

43 S7s and 19 PSUs = $19,500.00 USD  Already Collocated and sold in place with contract until December 25th, 2016

Your Choice, Great Deal either way!
legendary
Activity: 1694
Merit: 1002
Go Big or Go Home.....
I still think the price is way high, but you can't compare to something as shtty as Hashnest.

I did not say that. Hashnest gave me 10  free coupon for S7  (115 USD piece )
I bought 10 x S7 , I sold off S7 Ghs at the market and  I bought S5 Ghs, which I convert to 22x S7 coupon and I got back my investment what I did for 10x S7 purchase.

After that I waited from S9 , which never came.  Coupon duration was 45 days , and I bought S7 from Hashnest shop. Total 22

I sold off again S7 Ghs at the market. I earned a total of the buying and selling 3.7 BTC   two months , and my initial investment was never higher than 10 BTC.
Thus, from  the 10 free coupon I did 22 free coupon,  and after 10 BTC investment, I got back  total 13.7 BTC.  So 3,7 BTC profit only from 22 coupons.  From  22x 115USD=2530USD  digital paper , 3,7 BTC real money.

LOL. For a measily 3.7BTC I can't believe you wasted all that time wheeling and dealing . Good for you. I sure as heck wouldn't.

But we were talking about inflated earnings from the farm and an unrealistic asking price not something completely unrelated.

I was interested until this became a hunt for a noob who doesn't know how things work.
legendary
Activity: 1218
Merit: 1003
I still think the price is way high, but you can't compare to something as shtty as Hashnest.

I did not say that. Hashnest gave me 10  free coupon for S7  (115 USD piece )
I bought 10 x S7 , I sold off S7 Ghs at the market and  I bought S5 Ghs, which I convert to 22x S7 coupon and I got back my investment what I did for 10x S7 purchase.

After that I waited from S9 , which never came.  Coupon duration was 45 days , and I bought S7 from Hashnest shop. Total 22

I sold off again S7 Ghs at the market. I earned a total of the buying and selling 3.7 BTC   two months , and my initial investment was never higher than 10 BTC.
Thus, from  the 10 free coupon I did 22 free coupon,  and after 10 BTC investment, I got back  total 13.7 BTC.  So 3,7 BTC profit only from 22 coupons.  From  22x 115USD=2530USD  digital paper , 3,7 BTC real money.
hero member
Activity: 980
Merit: 1000
NEW PRICE: $13,500.00

I ran the numbers against Hashnest vs My Farm:




So, the big differences are:





NEW PRICE:  $13,500.00

The 6 months hosting contract is a deal breaker for me. It is a big liability besides the hefty $13,5k purchase amount.
legendary
Activity: 1694
Merit: 1002
Go Big or Go Home.....
I still think the price is way high, but you can't compare to something as shtty as Hashnest.
member
Activity: 63
Merit: 10
hmm this is on an edge, i respect your offer mate but i was looking into this as interested in buying but at the price of 13.5k thats todays 20.2 BTC on hashnest i can buy 150TH/S and its instant and mining for me right away...
I understand later you have the actual hardware maybe to mine some other crypto or something..
Still thinking about your offer.

Good luck tho!
legendary
Activity: 1260
Merit: 1006
Mine for a Bit
NEW PRICE: $13,500.00

I ran the numbers against Hashnest vs My Farm:




So, the big differences are:





NEW PRICE:  $13,500.00
legendary
Activity: 1260
Merit: 1006
Mine for a Bit
NEW PRICE:  $14,750.00

I am with CKPool: Kano.is

Average Blocks per day over the past 4 months:
* Mar 2016, 129 Blocks, 4.16 Blks/Day
* Apr 2016, 134 Blocks, 4.47 Blks/Day
* May 2016, 126 Blocks, 4.07 Blks/Day
* Jun 2016, 132 Blocks, 4.40 Blks/Day

4.275 average blocks per day

Quick Math: Today July 4th 2016 my pool (CKPool) hit 4 blocks.  My total Payout was $277.37.  $277.37 x 30 days per month = $8321.10.  Halving it would be $4160.55

If you would like to do the numbers with the average per day 4.275:  $277.37/4=$69.34 per block;  $69.34 x 4.275 ave per day = $296.43 ave per day;  $296.43 * 30 days per month = $8892.90 ave per month; After halving $4445 ave per month.


Another factor is the increase in Bitcoin over the next six months that would negate or at least mitigate the difficulty.

--------------------VS------------------------

If you purchased brand new from Bitmain the cost would be:

S7 x $440 x 30 = $13200.00
Shipping S7s - $54 x 30 = $1620.00
PSU $140 x 16 = $2240.00
Shipping PSUs $43 x 16 = $688

Total 30 New S7s and 16 PSUs = $17,748.00 + Wait time for delivery + Setup/Startup Issues.

----------------------------------------------

NEW PRICE: $14,750.00 for 30 S7 Antminers and 14 Bitmain PSUs.

These numbers are beautiful.
But you have to understand that your maintenance fees are too high.

Exactly the same maintenance fee you can pay in Hashnest.
Hashnest Maintenance Fee 2.8169 USD  Day   84.51 USD for 30 Day


But Hashnest shop price for S7 is today : 450.0 USD  Stock: over 300



30 x 450 USD = 13500 USD , No need for PSU.
This is  faster and much cheaper. After 72 hours miner is online and mine in Antpool.

14750-13500 =  1250 USD higher than  cheapest seller in the S7 hosting  market.


WOW!  I did not know this!  Although there would be the questions:

1) After installation, Can the miner be directed to any pool or does it have to be Hashnest?
2) Is there full control of the miner by the user?

As for the Sale of my 30 S7 miners and 14 PSUs, that is a good price against what I am asking!  I will have to consider this information.

Thank You for the information!
legendary
Activity: 1260
Merit: 1006
Mine for a Bit
The problem with your 'offer' is that you are asking a high price $14,750 is still quite high for 2nd hand gear, no matter how good they run, it's 2nd hand.

And don't forget the buyer has to take over a hosting contract in which he has to make a commitment untill december this year to pay for hosting of those machines.
That's a monthly bill to be paid of $2,480
Looking for july till december, that's 6 months or in other words $14,880

So when buying they commit themselves to pay atleast a total sum of $29,630

You better ask your hosting company how much it would cost you to breach your contract and turn it into a monthly hosting contract instead of a year / 6 months.

Very good information.  I have checked and the contract must be kept, per the Hosting Agency.  Thanks.
legendary
Activity: 1218
Merit: 1003
NEW PRICE:  $14,750.00

I am with CKPool: Kano.is

Average Blocks per day over the past 4 months:
* Mar 2016, 129 Blocks, 4.16 Blks/Day
* Apr 2016, 134 Blocks, 4.47 Blks/Day
* May 2016, 126 Blocks, 4.07 Blks/Day
* Jun 2016, 132 Blocks, 4.40 Blks/Day

4.275 average blocks per day

Quick Math: Today July 4th 2016 my pool (CKPool) hit 4 blocks.  My total Payout was $277.37.  $277.37 x 30 days per month = $8321.10.  Halving it would be $4160.55

If you would like to do the numbers with the average per day 4.275:  $277.37/4=$69.34 per block;  $69.34 x 4.275 ave per day = $296.43 ave per day;  $296.43 * 30 days per month = $8892.90 ave per month; After halving $4445 ave per month.


Another factor is the increase in Bitcoin over the next six months that would negate or at least mitigate the difficulty.

--------------------VS------------------------

If you purchased brand new from Bitmain the cost would be:

S7 x $440 x 30 = $13200.00
Shipping S7s - $54 x 30 = $1620.00
PSU $140 x 16 = $2240.00
Shipping PSUs $43 x 16 = $688

Total 30 New S7s and 16 PSUs = $17,748.00 + Wait time for delivery + Setup/Startup Issues.

----------------------------------------------

NEW PRICE: $14,750.00 for 30 S7 Antminers and 14 Bitmain PSUs.

These numbers are beautiful.
But you have to understand that your maintenance fees are too high.

Exactly the same maintenance fee you can pay in Hashnest.
Hashnest Maintenance Fee 2.8169 USD  Day   84.51 USD for 30 Day


But Hashnest shop price for S7 is today : 450.0 USD  Stock: over 300



30 x 450 USD = 13500 USD , No need for PSU.
This is  faster and much cheaper. After 72 hours miner is online and mine in Antpool.

14750-13500 =  1250 USD higher than  cheapest seller in the S7 hosting  market.
hero member
Activity: 980
Merit: 1000
The problem with your 'offer' is that you are asking a high price $14,750 is still quite high for 2nd hand gear, no matter how good they run, it's 2nd hand.

And don't forget the buyer has to take over a hosting contract in which he has to make a commitment untill december this year to pay for hosting of those machines.
That's a monthly bill to be paid of $2,480
Looking for july till december, that's 6 months or in other words $14,880

So when buying they commit themselves to pay atleast a total sum of $29,630

You better ask your hosting company how much it would cost you to breach your contract and turn it into a monthly hosting contract instead of a year / 6 months.
legendary
Activity: 1260
Merit: 1006
Mine for a Bit
NEW PRICE:  $14,750.00

I am with CKPool: Kano.is

Average Blocks per day over the past 4 months:
* Mar 2016, 129 Blocks, 4.16 Blks/Day
* Apr 2016, 134 Blocks, 4.47 Blks/Day
* May 2016, 126 Blocks, 4.07 Blks/Day
* Jun 2016, 132 Blocks, 4.40 Blks/Day

4.275 average blocks per day

Quick Math: Today July 4th 2016 my pool (CKPool) hit 4 blocks.  My total Payout was $277.37.  $277.37 x 30 days per month = $8321.10.  Halving it would be $4160.55

If you would like to do the numbers with the average per day 4.275:  $277.37/4=$69.34 per block;  $69.34 x 4.275 ave per day = $296.43 ave per day;  $296.43 * 30 days per month = $8892.90 ave per month; After halving $4445 ave per month.


Another factor is the increase in Bitcoin over the next six months that would negate or at least mitigate the difficulty.

--------------------VS------------------------

If you purchased brand new from Bitmain the cost would be:

S7 x $440 x 30 = $13200.00
Shipping S7s - $54 x 30 = $1620.00
PSU $140 x 16 = $2240.00
Shipping PSUs $43 x 16 = $688

Total 30 New S7s and 16 PSUs = $17,748.00 + Wait time for delivery + Setup/Startup Issues.

----------------------------------------------

NEW PRICE: $14,750.00 for 30 S7 Antminers and 14 Bitmain PSUs.
member
Activity: 111
Merit: 10
Maybe it is the pool that some of you are doing your estimates that are lower than mine; I am with CKPool.

Kano.is  CKPool

Mar 2016, 129 Blocks, 4.16 Blks/Day
Apr 2016, 134 Blocks, 4.47 Blks/Day
May 2016, 126 Blocks, 4.07 Blks/Day
Jun 2016, 132 Blocks, 4.40 Blks/Day

4.275 average per day (based upon the last 4 months)

Today July 4th 2016 my pool (CKPool) hit 4 blocks (we still may hit more).  My total Payout was $277.37.  $277.37 x 30 days per month = $8321.10.  Halving it would be $4160.55

If you would like to do the numbers with the average per day 4.275:  $277.37/4=$69.34 per block;  $69.34 x 4.275 ave per day = $296.43 ave per day;  $296.43 * 30 days per month = $8892.90 ave per month; After halving $4445.


I still do not see the $800 - $1000 estimate per month that you are talking about.  Another factor is the increase in Bitcoin over the next six months that would negate or at least mitigate the difficulty.  Maybe you are just wanting see the price reduced?

I am basing my numbers off very rosy inputs into this Bitcoin mining calculator. http://www.coinwarz.com/calculators/bitcoin-mining-calculator

hero member
Activity: 980
Merit: 1000
I just read in your other thread you dropped your price already to $15,500
legendary
Activity: 1694
Merit: 1002
Go Big or Go Home.....
You are basing your income potential on 'luck' on a pool, and NOT the real-world minimum income at current levels.

Luck is great, but you can not bank on it. The longer you hold off on selling at a realistic price, the more you're gonna dig yourself into a hole.
In a week nobody will even think about paying more than 1/2 for your whole mine. Sorry chief.
hero member
Activity: 980
Merit: 1000
Well, if we assume btc will hit $1800 in september, let me buy your farm at that price/btc.

so you're asking $16.000, I'll buy it against $1800/btc which is 8.89btc

with this offer we both will have a chance to ROI. If you tell me this isn't a good offer you're in other words saying you don't believe btc will hit $1800

PM me to get the deal done!

Escrow by OgNasty, he has done escrow for me on several hardware purchases.

Cheers



You want me to sell you 30 S7 miners and 14 PSUs for $6000?  That is Crazy!   Cheesy

NO, i'm buying them from you for 8.89btc today and you will have $16.000 in september.

Hence it will be $26.670 by december this year!
legendary
Activity: 1260
Merit: 1006
Mine for a Bit
Well, if we assume btc will hit $1800 in september, let me buy your farm at that price/btc.

so you're asking $16.000, I'll buy it against $1800/btc which is 8.89btc

with this offer we both will have a chance to ROI. If you tell me this isn't a good offer you're in other words saying you don't believe btc will hit $1800

PM me to get the deal done!

Escrow by OgNasty, he has done escrow for me on several hardware purchases.

Cheers



You want me to sell you 30 S7 miners and 14 PSUs for $6000?  That is Crazy!   Cheesy
hero member
Activity: 980
Merit: 1000
Well, if we assume btc will hit $1800 in september, let me buy your farm at that price/btc.

so you're asking $16.000, I'll buy it against $1800/btc which is 8.89btc

with this offer we both will have a chance to ROI. If you tell me this isn't a good offer you're in other words saying you don't believe btc will hit $1800

PM me to get the deal done!

Escrow by OgNasty, he has done escrow for me on several hardware purchases.

Cheers

legendary
Activity: 1260
Merit: 1006
Mine for a Bit
Maybe it is the pool that some of you are doing your estimates that are lower than mine; I am with CKPool.

Kano.is  CKPool

Mar 2016, 129 Blocks, 4.16 Blks/Day
Apr 2016, 134 Blocks, 4.47 Blks/Day
May 2016, 126 Blocks, 4.07 Blks/Day
Jun 2016, 132 Blocks, 4.40 Blks/Day

4.275 average per day (based upon the last 4 months)

Today July 4th 2016 my pool (CKPool) hit 4 blocks (we still may hit more).  My total Payout was $277.37.  $277.37 x 30 days per month = $8321.10.  Halving it would be $4160.55

If you would like to do the numbers with the average per day 4.275:  $277.37/4=$69.34 per block;  $69.34 x 4.275 ave per day = $296.43 ave per day;  $296.43 * 30 days per month = $8892.90 ave per month; After halving $4445.


I still do not see the $800 - $1000 estimate per month that you are talking about.  Another factor is the increase in Bitcoin over the next six months that would negate or at least mitigate the difficulty.  Maybe you are just wanting see the price reduced?
member
Activity: 111
Merit: 10
This seems like a pretty high price for used s7. The monthly profit after halving would be about $3350 at the current price and then minus your hosting cost of $2480 per month.

Net profit of: $870

I think the only way you are going to sell this is to sell at about $6000. Even that might be too much.  Or you could just ride it out and reap the profit until it's time to shut them off.



Here are the EXACT numbers that I redid for the past month:

Before Halving:
Monthly Gross = $9,747.00   Annual Gross = $116,964
Monthly Net    = $7,267.00   Annual Net = $87,8204

After Halving:
Monthly Gross = $4,873.50   Annual Gross = $58,482
Monthly Net    = $2,393.50   Annual Net = $28,722.

Exact Payments per month:
14 Miners and 14 PSUs = $80 x 14 = $1,120.00 Colocation and Maint Costs
16 Miners and 16 Rented PSUs ($5 each) = $85 x 16 = $1,360 Colocation and Maint Costs
Total Cost for 30 Miners, 14 owned PSUs and 16 Rented PSUs = $2,480.00

Profits per month = $4,873.50
Colo and Maint per mo = $2,480.00

Net = $2,393.50


Based on the BTC not increasing and the difficulty not changing.  Bitcoin and Difficulty will change.

If you lower the price below $6000 I would be interested. A 6 month payoff would be fair to anyone buying this. Other than that you might just keep it and ride it out. Then sell the units on eBay or something. My calculations have this netting anywhere from 800-1000 per month for the next 6 months if everything stays steady, which it might not.
donator
Activity: 1057
Merit: 1021

Here are the EXACT numbers that I redid for the past month:

After Halving:
Monthly Gross = $4,873.50   Annual Gross = $58,482
Monthly Net    = $2,393.50   Annual Net = $28,722

Your calc is waaay wrong. How do you get $4873.50 per month after halfing with 141th?

It is $3,504 per month (without difficulty increases) for 141TH after the halving.

Right now 1TH makes .0024 BTC per day.  After halving 1TH will make .0012 BTC per day.

141TH X .0012 X 30.5 = 5.16BTC per month or $3,504.
legendary
Activity: 1694
Merit: 1002
Go Big or Go Home.....

Here are the EXACT numbers that I redid for the past month:

After Halving:
Monthly Gross = $4,873.50   Annual Gross = $58,482
Monthly Net    = $2,393.50   Annual Net = $28,722

Your calc is waaay wrong. How do you get $4873.50 per month after halfing with 141th?
legendary
Activity: 1260
Merit: 1006
Mine for a Bit
This seems like a pretty high price for used s7. The monthly profit after halving would be about $3350 at the current price and then minus your hosting cost of $2480 per month.

Net profit of: $870

I think the only way you are going to sell this is to sell at about $6000. Even that might be too much.  Or you could just ride it out and reap the profit until it's time to shut them off.



Here are the EXACT numbers that I redid for the past month:

Before Halving:
Monthly Gross = $9,747.00   Annual Gross = $116,964
Monthly Net    = $7,267.00   Annual Net = $87,8204

After Halving:
Monthly Gross = $4,873.50   Annual Gross = $58,482
Monthly Net    = $2,393.50   Annual Net = $28,722.

Exact Payments per month:
14 Miners and 14 PSUs = $80 x 14 = $1,120.00 Colocation and Maint Costs
16 Miners and 16 Rented PSUs ($5 each) = $85 x 16 = $1,360 Colocation and Maint Costs
Total Cost for 30 Miners, 14 owned PSUs and 16 Rented PSUs = $2,480.00

Profits per month = $4,873.50
Colo and Maint per mo = $2,480.00

Net = $2,393.50


Based on the BTC not increasing and the difficulty not changing.  Bitcoin and Difficulty will change.
newbie
Activity: 51
Merit: 0
This is a little risky as it would require trust from 2 parties, one of which (NOT you) can up and leave without any real repercussions - if I understand the OP correctly. 

I've been thinking about cloud mining/hosted mining, but this has been a major hurdle for me.
member
Activity: 111
Merit: 10
This seems like a pretty high price for used s7. The monthly profit after halving would be about $3350 at the current price and then minus your hosting cost of $2480 per month.

Net profit of: $870

I think the only way you are going to sell this is to sell at about $6000. Even that might be too much.  Or you could just ride it out and reap the profit until it's time to shut them off.

member
Activity: 108
Merit: 11
I thought you were paying $80 per miner plus $80 for the PSU's.  Wouldn't that be $2480 for costs?

Your costs don't halve after the halving.

The difference between his pre-halving gross and net is $2400, so pretty much what you thought... And you're 100% right about his costs not halving, so really it would be more like:

After Halving:
Monthly Gross = $4,275.   Annual Gross = $51,300
Monthly Net    = $1,875.   Annual Net = $22,500

And this doesn't take into consideration that the difficulty has been increasing by about 10% each month (so just subtract 10% from gross):

Net: $1875, $1447, $1062, $716, $404, $124, -$128

So after 6 months, you'll probably be negative mining - of course this assumes that difficulty keeps rising at a constant 10%, and the value of bitcoin basically doesn't increase at all from what it is today.  While I believe that the difficulty is probably a good estimate, I'm also a believer that the value of BTC will increase over time.

So 6 months it would net ~$5628, pretty close to the $6750 you've offered, so I imagine you used similar math to come up with that price.



Your figures are correct as well as your estimates as long as Bitcoin does not rise at all over the next 7 months.  I believe that there is going to be a dramatic increase in BTC due to supply and demand over the next 6 months.  My estimates are $1800 in Sept and $3000 by the end of the year.

I am interested too.  Not at $17k, and if you are banking on $3k/btc at the end of the year for negotiations that will be tough.  Its possible but you need to consider todays rate.  If you see $3k prices at the end of the year you can pretty much expect difficulty to rise faster then the current rate as well.  Whats your wiggle toom from $17k?

There may be a little wiggle room, but not much.  I do still see a nice profit now and in the next year.  Let's take for example 10% difficulty over the next 6 months.  That would be compounded, but just for simplicity we will call it 60% increase in difficulty.  Then we take the Bitcoin rate at let say double.  That is 200% in Bitcoin profitability...leaving a nice margin for profit. 

I understand your thinking but you have to consider opportunity cost when mining.  If i was to spend $17k on gear and you believe that btc will double in 6 months why wouldnt i just buy btc and end up with $34k after 6 months.  Thats why i dont consider the cost of btc price increases, maybe im wrong.  Not trying to derail you im genuinely interested i just cant come close to $17k.  Let me know if/when you want to reduce the price and we can chat.  Thanks and good luck with your sale.  It is nice gear.

Edit:  where is it being hosted?

Haha, I have a good friend that says the same thing, that he will just invest.  His investment last year is at $218 per Bitcoin was a smart investment looking at it now when Bitcoin is at $700.  I have congratulated him on his smart investment and showed him how I doubled his profitability over the last year by mining.  I made the profit all the way through and have machines that will still make me money. 

I cannot give out the name of the hosting agency except when I give the person the phone number to call him to arrange the deal. 

The only way mining is more profitable than investing is if the miner returns more BTC than it costs. If the miner doesn't return equivalent or more BTC than it costs, then it is mathematically impossible to yield higher profits than just investing.  If a miner costs 8 BTC and creates 6 BTC regardless of the value of BTC so you have less money. Investors have 8 coins, you have 6.

Can these 30 miners create more BTC than what you're charging? Sure, it would require difficulty to stagnate. That would likely occur during a long lasting price slump.
legendary
Activity: 1694
Merit: 1002
Go Big or Go Home.....
Sorry but unless you do a BIG drop in price you're going to be stuck with this past the halfing in a few days.

I am not in a hurry to sell them.  They are and will be profitable past halving.   Cheesy

For you, yes..  Wink
legendary
Activity: 1260
Merit: 1006
Mine for a Bit
Sorry but unless you do a BIG drop in price you're going to be stuck with this past the halfing in a few days.

I am not in a hurry to sell them.  They are and will be profitable past halving.   Cheesy
legendary
Activity: 1694
Merit: 1002
Go Big or Go Home.....
Sorry but unless you do a BIG drop in price you're going to be stuck with this past the halfing in a few days.
legendary
Activity: 1260
Merit: 1006
Mine for a Bit
I thought you were paying $80 per miner plus $80 for the PSU's.  Wouldn't that be $2480 for costs?

Your costs don't halve after the halving.

The difference between his pre-halving gross and net is $2400, so pretty much what you thought... And you're 100% right about his costs not halving, so really it would be more like:

After Halving:
Monthly Gross = $4,275.   Annual Gross = $51,300
Monthly Net    = $1,875.   Annual Net = $22,500

And this doesn't take into consideration that the difficulty has been increasing by about 10% each month (so just subtract 10% from gross):

Net: $1875, $1447, $1062, $716, $404, $124, -$128

So after 6 months, you'll probably be negative mining - of course this assumes that difficulty keeps rising at a constant 10%, and the value of bitcoin basically doesn't increase at all from what it is today.  While I believe that the difficulty is probably a good estimate, I'm also a believer that the value of BTC will increase over time.

So 6 months it would net ~$5628, pretty close to the $6750 you've offered, so I imagine you used similar math to come up with that price.



Your figures are correct as well as your estimates as long as Bitcoin does not rise at all over the next 7 months.  I believe that there is going to be a dramatic increase in BTC due to supply and demand over the next 6 months.  My estimates are $1800 in Sept and $3000 by the end of the year.

I am interested too.  Not at $17k, and if you are banking on $3k/btc at the end of the year for negotiations that will be tough.  Its possible but you need to consider todays rate.  If you see $3k prices at the end of the year you can pretty much expect difficulty to rise faster then the current rate as well.  Whats your wiggle toom from $17k?

There may be a little wiggle room, but not much.  I do still see a nice profit now and in the next year.  Let's take for example 10% difficulty over the next 6 months.  That would be compounded, but just for simplicity we will call it 60% increase in difficulty.  Then we take the Bitcoin rate at let say double.  That is 200% in Bitcoin profitability...leaving a nice margin for profit.  

I understand your thinking but you have to consider opportunity cost when mining.  If i was to spend $17k on gear and you believe that btc will double in 6 months why wouldnt i just buy btc and end up with $34k after 6 months.  Thats why i dont consider the cost of btc price increases, maybe im wrong.  Not trying to derail you im genuinely interested i just cant come close to $17k.  Let me know if/when you want to reduce the price and we can chat.  Thanks and good luck with your sale.  It is nice gear.

Edit:  where is it being hosted?

Haha, I have a good friend that says the same thing, that he will just invest.  His investment last year is at $218 per Bitcoin was a smart investment looking at it now when Bitcoin is at $700.  I have congratulated him on his smart investment and showed him how I doubled his profitability over the last year by mining.  I made the profit all the way through and have machines that will still make me money. 

I cannot give out the name of the hosting agency except when I give the person the phone number to call him to arrange the deal. 



New Price - $16,000 - no shipping costs, no waiting, full control and profit immediately - This is a GREAT DEAL!  30 Miners and 14 PSUs Already Hosted!
legendary
Activity: 1260
Merit: 1006
Mine for a Bit
I thought you were paying $80 per miner plus $80 for the PSU's.  Wouldn't that be $2480 for costs?

Your costs don't halve after the halving.

The difference between his pre-halving gross and net is $2400, so pretty much what you thought... And you're 100% right about his costs not halving, so really it would be more like:

After Halving:
Monthly Gross = $4,275.   Annual Gross = $51,300
Monthly Net    = $1,875.   Annual Net = $22,500

And this doesn't take into consideration that the difficulty has been increasing by about 10% each month (so just subtract 10% from gross):

Net: $1875, $1447, $1062, $716, $404, $124, -$128

So after 6 months, you'll probably be negative mining - of course this assumes that difficulty keeps rising at a constant 10%, and the value of bitcoin basically doesn't increase at all from what it is today.  While I believe that the difficulty is probably a good estimate, I'm also a believer that the value of BTC will increase over time.

So 6 months it would net ~$5628, pretty close to the $6750 you've offered, so I imagine you used similar math to come up with that price.



Your figures are correct as well as your estimates as long as Bitcoin does not rise at all over the next 7 months.  I believe that there is going to be a dramatic increase in BTC due to supply and demand over the next 6 months.  My estimates are $1800 in Sept and $3000 by the end of the year.

I am interested too.  Not at $17k, and if you are banking on $3k/btc at the end of the year for negotiations that will be tough.  Its possible but you need to consider todays rate.  If you see $3k prices at the end of the year you can pretty much expect difficulty to rise faster then the current rate as well.  Whats your wiggle toom from $17k?

There may be a little wiggle room, but not much.  I do still see a nice profit now and in the next year.  Let's take for example 10% difficulty over the next 6 months.  That would be compounded, but just for simplicity we will call it 60% increase in difficulty.  Then we take the Bitcoin rate at let say double.  That is 200% in Bitcoin profitability...leaving a nice margin for profit.  

I understand your thinking but you have to consider opportunity cost when mining.  If i was to spend $17k on gear and you believe that btc will double in 6 months why wouldnt i just buy btc and end up with $34k after 6 months.  Thats why i dont consider the cost of btc price increases, maybe im wrong.  Not trying to derail you im genuinely interested i just cant come close to $17k.  Let me know if/when you want to reduce the price and we can chat.  Thanks and good luck with your sale.  It is nice gear.

Edit:  where is it being hosted?

Haha, I have a good friend that says the same thing, that he will just invest.  His investment last year is at $218 per Bitcoin was a smart investment looking at it now when Bitcoin is at $700.  I have congratulated him on his smart investment and showed him how I doubled his profitability over the last year by mining.  I made the profit all the way through and have machines that will still make me money. 

I cannot give out the name of the hosting agency except when I give the person the phone number to call him to arrange the deal. 
legendary
Activity: 3752
Merit: 1415
I thought you were paying $80 per miner plus $80 for the PSU's.  Wouldn't that be $2480 for costs?

Your costs don't halve after the halving.

The difference between his pre-halving gross and net is $2400, so pretty much what you thought... And you're 100% right about his costs not halving, so really it would be more like:

After Halving:
Monthly Gross = $4,275.   Annual Gross = $51,300
Monthly Net    = $1,875.   Annual Net = $22,500

And this doesn't take into consideration that the difficulty has been increasing by about 10% each month (so just subtract 10% from gross):

Net: $1875, $1447, $1062, $716, $404, $124, -$128

So after 6 months, you'll probably be negative mining - of course this assumes that difficulty keeps rising at a constant 10%, and the value of bitcoin basically doesn't increase at all from what it is today.  While I believe that the difficulty is probably a good estimate, I'm also a believer that the value of BTC will increase over time.

So 6 months it would net ~$5628, pretty close to the $6750 you've offered, so I imagine you used similar math to come up with that price.



Your figures are correct as well as your estimates as long as Bitcoin does not rise at all over the next 7 months.  I believe that there is going to be a dramatic increase in BTC due to supply and demand over the next 6 months.  My estimates are $1800 in Sept and $3000 by the end of the year.

I am interested too.  Not at $17k, and if you are banking on $3k/btc at the end of the year for negotiations that will be tough.  Its possible but you need to consider todays rate.  If you see $3k prices at the end of the year you can pretty much expect difficulty to rise faster then the current rate as well.  Whats your wiggle toom from $17k?

There may be a little wiggle room, but not much.  I do still see a nice profit now and in the next year.  Let's take for example 10% difficulty over the next 6 months.  That would be compounded, but just for simplicity we will call it 60% increase in difficulty.  Then we take the Bitcoin rate at let say double.  That is 200% in Bitcoin profitability...leaving a nice margin for profit.  

I understand your thinking but you have to consider opportunity cost when mining.  If i was to spend $17k on gear and you believe that btc will double in 6 months why wouldnt i just buy btc and end up with $34k after 6 months.  Thats why i dont consider the cost of btc price increases, maybe im wrong.  Not trying to derail you im genuinely interested i just cant come close to $17k.  Let me know if/when you want to reduce the price and we can chat.  Thanks and good luck with your sale.  It is nice gear.

Edit:  where is it being hosted?
legendary
Activity: 1260
Merit: 1006
Mine for a Bit
I thought you were paying $80 per miner plus $80 for the PSU's.  Wouldn't that be $2480 for costs?

Your costs don't halve after the halving.

The difference between his pre-halving gross and net is $2400, so pretty much what you thought... And you're 100% right about his costs not halving, so really it would be more like:

After Halving:
Monthly Gross = $4,275.   Annual Gross = $51,300
Monthly Net    = $1,875.   Annual Net = $22,500

And this doesn't take into consideration that the difficulty has been increasing by about 10% each month (so just subtract 10% from gross):

Net: $1875, $1447, $1062, $716, $404, $124, -$128

So after 6 months, you'll probably be negative mining - of course this assumes that difficulty keeps rising at a constant 10%, and the value of bitcoin basically doesn't increase at all from what it is today.  While I believe that the difficulty is probably a good estimate, I'm also a believer that the value of BTC will increase over time.

So 6 months it would net ~$5628, pretty close to the $6750 you've offered, so I imagine you used similar math to come up with that price.



Your figures are correct as well as your estimates as long as Bitcoin does not rise at all over the next 7 months.  I believe that there is going to be a dramatic increase in BTC due to supply and demand over the next 6 months.  My estimates are $1800 in Sept and $3000 by the end of the year.

I am interested too.  Not at $17k, and if you are banking on $3k/btc at the end of the year for negotiations that will be tough.  Its possible but you need to consider todays rate.  If you see $3k prices at the end of the year you can pretty much expect difficulty to rise faster then the current rate as well.  Whats your wiggle toom from $17k?

There may be a little wiggle room, but not much.  I do still see a nice profit now and in the next year.  Let's take for example 10% difficulty over the next 6 months.  That would be compounded, but just for simplicity we will call it 60% increase in difficulty.  Then we take the Bitcoin rate at let say double.  That is 200% in Bitcoin profitability...leaving a nice margin for profit. 
hero member
Activity: 687
Merit: 511
I am interested too.  Not at $17k, and if you are banking on $3k/btc at the end of the year for negotiations that will be tough.  Its possible but you need to consider todays rate.  If you see $3k prices at the end of the year you can pretty much expect difficulty to rise faster then the current rate as well.  Whats your wiggle toom from $17k?

Statistically speaking my guess would be that we shouldn't see the average difficulty rise at a faster rate than my 10% estimate, and I wouldn't be surprised to see it less by years end... Keep in mind that each progressive increase means that it takes more and more machines to make an equivalent increase.  Each new hardware platform is yielding less and less incremental improvement, so we'll be close to the point where it probably won't be faster hardware that pushes difficulty, but larger new deployments that do.

Now, if BTC goes to $3k by the end of the year, then people will be spinning up machines like crazy and difficulty could skyrocket, but I really doubt that's realistic - I'd be happy if we saw it at a stable 2x of today (~$1.4k) by December.
legendary
Activity: 3752
Merit: 1415
I thought you were paying $80 per miner plus $80 for the PSU's.  Wouldn't that be $2480 for costs?

Your costs don't halve after the halving.

The difference between his pre-halving gross and net is $2400, so pretty much what you thought... And you're 100% right about his costs not halving, so really it would be more like:

After Halving:
Monthly Gross = $4,275.   Annual Gross = $51,300
Monthly Net    = $1,875.   Annual Net = $22,500

And this doesn't take into consideration that the difficulty has been increasing by about 10% each month (so just subtract 10% from gross):

Net: $1875, $1447, $1062, $716, $404, $124, -$128

So after 6 months, you'll probably be negative mining - of course this assumes that difficulty keeps rising at a constant 10%, and the value of bitcoin basically doesn't increase at all from what it is today.  While I believe that the difficulty is probably a good estimate, I'm also a believer that the value of BTC will increase over time.

So 6 months it would net ~$5628, pretty close to the $6750 you've offered, so I imagine you used similar math to come up with that price.



Your figures are correct as well as your estimates as long as Bitcoin does not rise at all over the next 7 months.  I believe that there is going to be a dramatic increase in BTC due to supply and demand over the next 6 months.  My estimates are $1800 in Sept and $3000 by the end of the year.

I am interested too.  Not at $17k, and if you are banking on $3k/btc at the end of the year for negotiations that will be tough.  Its possible but you need to consider todays rate.  If you see $3k prices at the end of the year you can pretty much expect difficulty to rise faster then the current rate as well.  Whats your wiggle toom from $17k?
legendary
Activity: 1260
Merit: 1006
Mine for a Bit
I thought you were paying $80 per miner plus $80 for the PSU's.  Wouldn't that be $2480 for costs?

Your costs don't halve after the halving.

The difference between his pre-halving gross and net is $2400, so pretty much what you thought... And you're 100% right about his costs not halving, so really it would be more like:

After Halving:
Monthly Gross = $4,275.   Annual Gross = $51,300
Monthly Net    = $1,875.   Annual Net = $22,500

And this doesn't take into consideration that the difficulty has been increasing by about 10% each month (so just subtract 10% from gross):

Net: $1875, $1447, $1062, $716, $404, $124, -$128

So after 6 months, you'll probably be negative mining - of course this assumes that difficulty keeps rising at a constant 10%, and the value of bitcoin basically doesn't increase at all from what it is today.  While I believe that the difficulty is probably a good estimate, I'm also a believer that the value of BTC will increase over time.

So 6 months it would net ~$5628, pretty close to the $6750 you've offered, so I imagine you used similar math to come up with that price.



Your figures are correct as well as your estimates as long as Bitcoin does not rise at all over the next 7 months.  I believe that there is going to be a dramatic increase in BTC due to supply and demand over the next 6 months.  My estimates are $1800 in Sept and $3000 by the end of the year.
legendary
Activity: 1260
Merit: 1006
Mine for a Bit
You can only make profit after you get your money back from this sales. My guess is that there won't be any profit at all after halving.

I am not in a hurry to sell them.  After Halving there is still plenty of profit.  Just look at the numbers right now:  I am making about $9.50 per day per miner = 9.50 x 30 = $285 per month per miner - $80 collocation and maintenance fee = $205 profit per month per miner.   Total for 30 miners is $6150.00 per month!  

Not too bad.  If there is no increase in BTC, after halving this will be $3075 per month.  That would be a $36,900 per year profit!

Before Halving:
Monthly Gross = $8,550.   Annual Gross = $102,600
Monthly Net    = $6,150.   Annual Net = $73,800

After Halving:
Monthly Gross = $4,275.   Annual Gross = $51,300
Monthly Net    = $1,795.   Annual Net = $21,540. ---THESE ARE CORRECTED

Exact Payments per month:
14 Miners and 14 PSUs = $80 x 14 = $1,120.00 Colocation and Maint Costs
16 Miners and 16 Rented PSUs ($5 each) = $85 x 16 = $1,360 Colocation and Maint Costs
Total Cost for 30 Miners, 14 owned PSUs and 16 Rented PSUs = $2,480.00

Profits per month = $4,275.00
Colo and Maint per mo = $2,480.00

Net = $1795.00

You should not "guess" when it comes to your income.

These are all assumptions based on the BTC not increasing and the difficulty not changing.  MarkAz has estimated the difficulty at 10% which may very well be correct, but the assumption would then be that BTC would increase as he has also eluded.  Thanks MarkAz.




I thought you were paying $80 per miner plus $80 for the PSU's.  Wouldn't that be $2480 for costs?

Your costs don't halve after the halving.



No, just $80 per machine and then I own 14 PSUs so, I rent PSUs for the other 16 Miners at $5 each per month.  


hero member
Activity: 687
Merit: 511
I thought you were paying $80 per miner plus $80 for the PSU's.  Wouldn't that be $2480 for costs?

Your costs don't halve after the halving.

The difference between his pre-halving gross and net is $2400, so pretty much what you thought... And you're 100% right about his costs not halving, so really it would be more like:

After Halving:
Monthly Gross = $4,275.   Annual Gross = $51,300
Monthly Net    = $1,875.   Annual Net = $22,500

And this doesn't take into consideration that the difficulty has been increasing by about 10% each month (so just subtract 10% from gross):

Net: $1875, $1447, $1062, $716, $404, $124, -$128

So after 6 months, you'll probably be negative mining - of course this assumes that difficulty keeps rising at a constant 10%, and the value of bitcoin basically doesn't increase at all from what it is today.  While I believe that the difficulty is probably a good estimate, I'm also a believer that the value of BTC will increase over time.

So 6 months it would net ~$5628, pretty close to the $6750 you've offered, so I imagine you used similar math to come up with that price.
donator
Activity: 1057
Merit: 1021
You can only make profit after you get your money back from this sales. My guess is that there won't be any profit at all after halving.

I am not in a hurry to sell them.  After Halving there is still plenty of profit.  Just look at the numbers right now:  I am making about $9.50 per day per miner = 9.50 x 30 = $285 per month per miner - $80 collocation and maintenance fee = $205 profit per month per miner.   Total for 30 miners is $6150.00 per month!  

Not too bad.  If there is no increase in BTC, after halving this will be $3075 per month.  That would be a $36,900 per year profit!

Before Halving:
Monthly Gross = $8,550.   Annual Gross = $102,600
Monthly Net    = $6,150.   Annual Net = $73,800

After Halving:
Monthly Gross = $4,275.   Annual Gross = $51,300
Monthly Net    = $3,075.   Annual Net = $36,900

You should not "guess" when it comes to your income.

I thought you were paying $80 per miner plus $80 for the PSU's.  Wouldn't that be $2480 for costs?

Your costs don't halve after the halving.

legendary
Activity: 1260
Merit: 1006
Mine for a Bit
You can only make profit after you get your money back from this sales. My guess is that there won't be any profit at all after halving.

I am not in a hurry to sell them.  After Halving there is still plenty of profit.  Just look at the numbers right now:  I am making about $9.50 per day per miner = 9.50 x 30 = $285 per month per miner - $80 collocation and maintenance fee = $205 profit per month per miner.   Total for 30 miners is $6150.00 per month!   

Not too bad.  If there is no increase in BTC, after halving this will be $3075 per month.  That would be a $36,900 per year profit!

Before Halving:
Monthly Gross = $8,550.   Annual Gross = $102,600
Monthly Net    = $6,150.   Annual Net = $73,800

After Halving:
Monthly Gross = $4,275.   Annual Gross = $51,300
Monthly Net    = $1,875.   Annual Net = $22,500

You should not "guess" when it comes to your income.
legendary
Activity: 1260
Merit: 1006
Mine for a Bit
Do you own the miners?  Can I get them shipped?  I have bought plenty of them from Oregonmines already and had them shipped to me in Texas.


I will offer $6750 for the 30 S7's and I will take care of shipping.  Paying in BTC escrow with OGNasty.



I do own the miners, but cannot ship them.  My contract with the Host Company goes through December.  They buyer will have to sign a new contract.  $6750 would be WAY too low!  I appreciate the time in making the offer.
donator
Activity: 1057
Merit: 1021
Do you own the miners?  Can I get them shipped?  I have bought plenty of them from Oregonmines already and had them shipped to me in Texas.


I will offer $6750 for the 30 S7's and I will take care of shipping.  Paying in BTC escrow with OGNasty.

legendary
Activity: 1694
Merit: 1002
Go Big or Go Home.....
If there is a LOT of room for negotiations, I'm interested. Your price is easy higher than new prices though.
legendary
Activity: 1526
Merit: 1002
Bulletproof VPS/VPN/Email @ BadAss.Sx
You can only make profit after you get your money back from this sales. My guess is that there won't be any profit at all after halving.
legendary
Activity: 1260
Merit: 1006
Mine for a Bit
FOR SALE - BTC MINING FARM - Already Hosted and In Location.   $17,000.00

30 Hosted Miners (no shipping costs, no waiting, full control and profit immediately)

Approximately 141 TH/s

There are 30 Bitmain Antminer S7's and 14 Bitmain PSUs(Power Supplies) for sale.  They are being hosted in Washington State which has the best electric rates in the US.  You can take full control of the miners and start earning profits immediately.  This will avoid shipping, installation and purchasing component parts.  You can be anywhere in the world and control this farm.  Ownership and Control of 30 miners and 14 PSUs are included in this auction.  I have 14 PSUs for 14 of the miners and rent 16 PSUs for $5 per month for the other 16 miners.

I pay $80/mo per miner(30) and rent PSUS for $5/mo per miner(16).  You will have full control of the miners through the user interface.  This sale is for 30 S7 miners, 14 Bitmain PSUs and take over control of all of them in location.  This is a turnkey sale.

Please ask questions if you are serious about this Bitcoin Mining Farm.

There is no shipping; THIS SALE IS IN LOCATION ONLY with this Hosting Agency.  No shipping costs, no waiting, full control and profit immediately.  

MAKE AN OFFER!
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