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Topic: [Group Buy 1 &2 SOLDOUT) AVAIL 1 KNC SATURN [200GHs Miner] Day 1 Deliver - page 4. (Read 14356 times)

hero member
Activity: 546
Merit: 500
Owner, Minersource.net
I might be interested in purchasing it for USD, and then yall wont have to deal with paypal/ebay
member
Activity: 70
Merit: 10
u guys r lucky to have a machine at hand so u can decide whether to sell or keep mining. Our GB is still waiting for the unit to come  Undecided
newbie
Activity: 4
Merit: 0
my vote +1 for sale  Tongue
legendary
Activity: 2156
Merit: 1131
We must sell before too many KNC hardware arrive on the market.

Charles999 please send an email to the other member to explain the opportunity we have.
hero member
Activity: 812
Merit: 1000
member
Activity: 90
Merit: 10
yes, of course we need to use a reserve price that protects us otherwise one of us would buy it from the group Smiley

Looks like we have 18 of the 43 shares we need. 

How about it everyone else?

KNC is starting to really ship machines according to the forum.

full member
Activity: 132
Merit: 100
I am in favor of selling with a reserve price so we don't lose any money. That's better than what mining BTC can guarantee at this stage.
member
Activity: 90
Merit: 10
Ebay listing for a Saturn for sale in Ireland is up to US$5,532 and has 8 bids.

Those 3 Saturns I mentioned for $4250 on ebay yesterday are gone today.

It appears we could sell our Saturn for a very good price and make far more than 25% return on our money (in what 6 months or less).  That's a huge return.

But we need others to vote in favor of this! 


hero member
Activity: 812
Merit: 1000
member
Activity: 90
Merit: 10
I'm just been checking out the auctions on Ebay for Butterfly Labs hardware and most of the gear is selling for a lot more money that it will ever earn.  I estimate that a 60Gh/s unit would earn about $900 and yet they are selling for more than $1300 (yes, people are bidding on them).  A lot of the 60Gh/s units are listed for much more but no suckers on those yet.

http://btcinvest.net/bitcoin-mining-profit-calculator-v1.php?diff=267731249.48242&dcosts=600&diff_mincrease=95&blpbtc=25&dhsmhs=60000&btcusd_mincrease=0&btcusd=135&dpowcon=60&dleadtime=0&pcost=.08&calcweeks=40&action=calc

There is one Saturn listing in the USA for a Buy it now price of $4250 and the seller has 3 of them ALMOST in hand (supposedly by end of the auction).  The invoice price was $3897.  

He is only asking for 9% more than his invoice.

It will almost breakeven at that price using these assumptions but a week lost in assembly and shipping will really cost the buyer.

http://btcinvest.net/bitcoin-mining-profit-calculator-v1.php?diff=267731249.48242&dcosts=4250&diff_mincrease=95&blpbtc=25&dhsmhs=285000&btcusd_mincrease=0&btcusd=135&dpowcon=200&dleadtime=0&pcost=.08&calcweeks=40&action=calc

If we were to list ours at Cost + shipping, then our profit would be whatever BTC we got this week plus another 5 or 7 days during the auction and that should work out to a nice percentage return.  If we don't get a buyer we haven't lost anything, our Saturn will still be mining away.
full member
Activity: 224
Merit: 100
We need 41+ shares to win the vote to sell or attempt to sell.   I will list on ebay if we get enough votes. 
member
Activity: 90
Merit: 10
I have to admit that this purchase of shares looks like my only bitcoin mining hardware investment that will break even.

These shares look like they will even make a profit so the question is how greedy should I (we) be?

A 20 percent profit (over a 6 month period) sounds great.

Unfortunately, there are a probably a number of us with loses in other bitcoin hardware investments and I'm sure we would all like to make as much as practical on this investment to help offset some of those other losses.

I would vote for selling if we could get a guaranteed return of 20% on our investment.  Let the new buyer take on the risk of worrying about rising difficulty rates.

Sure, we might miss out on more profits but keep in mind there is a LOT of hashing coming online quickly and by selling we miss out on the potential loses.

Just my two cents.

thegoldbug
legendary
Activity: 2156
Merit: 1131
Problem would be if the guy mines and then does a paypal chargeback, and we get screwed after 45 days.

Fuck Paypal, only do in hand transaction with cash.
hero member
Activity: 812
Merit: 1000
Problem would be if the guy mines and then does a paypal chargeback, and we get screwed after 45 days.
legendary
Activity: 2156
Merit: 1131
So here is the maths :

The maximum expected profit is 2140usd, the total price for the two machines was 5990usd

See estimation

Total price + max profit = 8130usd

So 4065usd for one machine which is 2542gbp.

Considering the lowest price from ivanlabrie link was 2668.09gbp, selling the machines on ebay is a good option.

We would instantly get our money back plus the expected profit.

What do you guys think ?

EDIT : About the expected profit, it is hard to estimate it. On my estimation I used a difficulty increase of 117% per month because it is the actual trend. It could be less but it could be more. An other thing is the electricity cost, because of it, we should start to loose money in about 7 months unless we have free electricity.
legendary
Activity: 2156
Merit: 1131
I was wondering, maybe we should sell the units asap?

http://www.ebay.co.uk/sch/i.html?_odkw=KNC+bitcoin&_fspt=1&_osacat=0&_from=R40&LH_PrefLoc=2&_trksid=p2045573.m570.l1313.TR0.TRC0.XKNC+saturn&_nkw=KNC+saturn&_sacat=0

We can buy more btc than we can mine probably...thoughts guys?

Yes if we can make more than the expected ROI.
I'll put some math later.
hero member
Activity: 812
Merit: 1000
hero member
Activity: 812
Merit: 1000
I was thinking, it might be best to payout everytime we get close to 9-10 BTC.  If we send a lot of small payments, we'll run into a lot of transaction fees.  So next payment will probably be about a week and a day or so.

Transaction fees are not much, but they add up...
Chuck, you got pm bro.
legendary
Activity: 2156
Merit: 1131
I was thinking, it might be best to payout everytime we get close to 9-10 BTC.  If we send a lot of small payments, we'll run into a lot of transaction fees.  So next payment will probably be about a week and a day or so.

If you own 1 share, the transaction fee represent 0.088% of the amount so it is not an issue. I guess it is some work to send all transactions one by one, just do it when you have time.
newbie
Activity: 42
Merit: 0
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