How long u use your mininghardware | Bitcointalksearch.org

Amph

legendary

Activity: 3206

Merit: 1069

Quote from: sanadas on April 02, 2016, 03:02:25 AM

Quote from: Amph on March 26, 2016, 03:09:35 AM

i usually do 2-3 months no more, unless there is still profit, but of course i sell only the miners not the rig itself

selling mienrs and buying the better coming one, is a part of the mining thing

The S7 appeared more than 6 months ago. Did you sell them 2-3 months after, when did you buy them?

no i did this trick with another asic, for scrypt mining, i usually do not buy bitcoin miners, not profitable with my electricity, but altcoin miners are profitable

gpu are easily soldable after 3 month hell even 1 year, with asic for bitcoin it's better to stay under 3 months

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: cooldgamer on April 02, 2016, 11:56:32 PM

Personally I think its best to use the hardware for 2 months or so, then try to time the sale close to when the next gen of miners will be coming out. If you get lucky you may be able to turn a profit this way, but at the cost of labor.

New gen does not come out every 2 months at this point, it's kinda slowed down we have fewer hardware companies. Look at S7 it has been current gen for much longer then 2 months.

Also we normally don't have 2 month warning on next gen coming out due to companies being so private. You can speculate but it's very hard right no to say when next gen launches.

And selling hardware can be hard on getting profit. People on forums buy direct used market you get paid less then the miners current price which makes sense. You really have to risk ebay and paypal to get these profits on sales. And that opens up a can of worms.

cooldgamer

legendary

Activity: 1218

Merit: 1003

We are the champions of the night

Personally I think its best to use the hardware for 2 months or so, then try to time the sale close to when the next gen of miners will be coming out. If you get lucky you may be able to turn a profit this way, but at the cost of labor.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: deLEILA on March 26, 2016, 12:35:53 AM

Was wondering how long u guys mine with your hardware.

I'd guess the really proffessional, big miners buy as soon as its released and sell them further after few weeks, and get themself the new stuff then.

The big problem is you can get a little profit doing this and flipping on ebay. BUT if you get a bad buyer that uses it for a few weeks or month even then wins a paypal dispute you lose big money. People on this board are smart enough to buy direct.... so hard to sell for a markup on most miners.

I sold a R1 a month later person went to paypal said it was not a reliable wireless router.... yes the R1 is a cheap router all buyers should know this going in. Yes it is not great to use as router if your wanting one to connect to and get internet on multiple devices. But almost a month later I got the R1 back and had to give him his money back. People exploit paypal on miner... it is sad but some do it.

I like buying and keeping for a while. I normally keep till it's a generation old and my ROI math makes me think I can sell and make more then mining. And in some cases it is a good amount more selling. So I keep my gear quite a while in most cases.

sanadas

sr. member

Activity: 252

Merit: 250

Quote from: Amph on March 26, 2016, 03:09:35 AM

i usually do 2-3 months no more, unless there is still profit, but of course i sell only the miners not the rig itself

selling mienrs and buying the better coming one, is a part of the mining thing

The S7 appeared more than 6 months ago. Did you sell them 2-3 months after, when did you buy them?

FUBAR-BDHR

hero member

Activity: 702

Merit: 1000

★The Best Adult Video Chat Platform★

All my miners made ROI so as long as they are making more than the cost to run them. Sold most of my S1 units but still have 1 running as a space heater. Unfortunately that cost of electric means they will be turned off as soon as it gets warm out since I won't be able to offset the cost of electric with heating my house with the miners.

Amph

legendary

Activity: 3206

Merit: 1069

i usually do 2-3 months no more, unless there is still profit, but of course i sell only the miners not the rig itself

selling mienrs and buying the better coming one, is a part of the mining thing

SFR10

legendary

Activity: 2968

Merit: 3406

Crypto Swap Exchange

Personally (back in the days, I mined using GPU's only and mostly after ROI, I would have mined for another 3 to 4 months before I sold them and invested in better GPU's) but now as you have pointed, those who are after good amount of profits (professional and serious miners), by new mining rigs in large quantities (the moment it's on the market), and start to mine with them and regardless of ROI (which for most new miners would fall something between 3 to 4ish months with difficulty increases - assuming they got the most efficient ones), until they have surplus the ROI and have some profit all up to few months before a new mining rig be released (sometimes there's news of upcoming new rig or new chips, so that helps out).

deLEILA

newbie

Activity: 1

Merit: 0

Was wondering how long u guys mine with your hardware.

I'd guess the really proffessional, big miners buy as soon as its released and sell them further after few weeks, and get themself the new stuff then.

Topic: How long u use your mininghardware (Read 844 times)