Topic: [Group Buy 1 &2 SOLDOUT) AVAIL 1 KNC SATURN [200GHs Miner] Day 1 Deliver - page 4. (Read 14381 times)
October 19, 2013, 07:03:25 PM
I might be interested in purchasing it for USD, and then yall wont have to deal with paypal/ebay
October 19, 2013, 06:01:01 PM
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 
October 19, 2013, 08:40:50 AM
my vote +1 for sale 
October 19, 2013, 02:07:45 AM
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.
Charles999 please send an email to the other member to explain the opportunity we have.
October 18, 2013, 09:57:42 PM
sell sell sell!
October 18, 2013, 08:18:29 PM
yes, of course we need to use a reserve price that protects us otherwise one of us would buy it from the group 
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.
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.
October 18, 2013, 08:08:41 PM
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.
October 18, 2013, 07:55:48 PM
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!
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!
October 18, 2013, 12:21:41 AM
October 17, 2013, 11:07:35 PM
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.
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.
October 17, 2013, 11:03:40 PM
We need 41+ shares to win the vote to sell or attempt to sell. I will list on ebay if we get enough votes.
October 17, 2013, 10:20:29 PM
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
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
October 17, 2013, 07:36:05 AM
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.
October 17, 2013, 06:45:25 AM
Problem would be if the guy mines and then does a paypal chargeback, and we get screwed after 45 days.
October 17, 2013, 03:57:41 AM
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.
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.
October 17, 2013, 01:34:52 AM
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?
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.
October 16, 2013, 04:56:23 PM
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?
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?
October 16, 2013, 07:16:04 AM
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.
October 16, 2013, 02:44:27 AM
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.
October 16, 2013, 01:48:24 AM
received 0.0001
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