Topic: Is everyone on ebay completely crazy? - page 3. (Read 2138 times)
When I was browsing miners on ebay I came across those listings as well. Hard to believe anyone will actually buy one of those usb miners unless they are collecting dozens of them. Could you even mine anything more than a few satoshis with a single block erupter usb miner? =P
Has anyone actually sold bitcoins on ebay and then had them stolen with a chargeback by someone?
Wow, selling on ebay sounds impossible then.
Wow, selling on ebay sounds impossible then.
Ok so I'm not the only one that thinks ebay is crazy 
. I'm new to bitcoins too but I did the math 
Kinda feel sorry for all those folks who failed math class and are now throwing thousands and thousands of $$ away...
Aside from assuming 2-3 months of market risk (and in most cases laying down thousands of $ to take that risk) by pre-ordering the new generation miners, is there a good place to find a non-sucker price on a miner that at least breaks even in 3 months? Generally I don't want anything drawing over 1500w since my house mostly has 15 amp circuits and 60 amp total service. (I've located one 20 amp circuit but it's not conveniently located).
. I'm new to bitcoins too but I did the math Kinda feel sorry for all those folks who failed math class and are now throwing thousands and thousands of $$ away... Aside from assuming 2-3 months of market risk (and in most cases laying down thousands of $ to take that risk) by pre-ordering the new generation miners, is there a good place to find a non-sucker price on a miner that at least breaks even in 3 months? Generally I don't want anything drawing over 1500w since my house mostly has 15 amp circuits and 60 amp total service. (I've located one 20 amp circuit but it's not conveniently located).
I think it is better to buy these miners with USD instead of BTC, this is the only possible way how to get your investment back (but only if Bitcoin price rises)
Are bis scale mining hardware producers manipulating the BTC prize to influence the pre-order market demand?
I guess smale scale mining is more a decentralized support of the system than a serious meaned mining
I guess smale scale mining is more a decentralized support of the system than a serious meaned mining
You also have to consider the risk involved with Ebay. People sell at a higher cost, to make up for stolen Bitcoins and hardware due to chargebacks.
You also have to consider the risk involved with Ebay. Non-paying bidders bid up your item, which you then cannot relist while you go through the month-long dispute process. People bid at a higher price, because they are paying with stolen paypal accounts.
If there is market for the expensive units, why not.
Everything I see when I search for bitcoin miner on ebay is selling for 2-10 times it's likely value... Every time I plug in anything resembling a reasonable set of values into a calculator like the one on thegenisisblock or bitcoinwisdom, and compare it with an ebay auction things don't even come close to lining up. The ONLY way I could see justifying the values placed on say a bitfury usb miner (usually $300-400 with multiple bidders over $300) is if you were going to turn around and offer the contracts that I see on ebay that often sell for 2-10 times their worth....
And then there's the 333Mh/s usb asics that sell for as much as $60 and might mine $10 worth of coin before they loose money on even at 2.5 watts...
Am I missing something or are they all just nuts? It's so universal that I begin to doubt myself... If those prices do make sense, can someone please tell me why.
Note that given the volatility lately, I hardly doubt an assumption of continued growth at 10x/month is likely
I've been running calculations presuming steady value (my actual expectation is a little more moderate dip in price for 1-3 weeks and then begin to rise again at a more moderate pace, but the simulators don't let you get that complicated and I haven't built a spreadsheet or written a program to do that because it seems that there is zero means to acquire any hardware at a price that even *remotely* promises to be profitable... )
And then there's the 333Mh/s usb asics that sell for as much as $60 and might mine $10 worth of coin before they loose money on even at 2.5 watts...
Am I missing something or are they all just nuts? It's so universal that I begin to doubt myself... If those prices do make sense, can someone please tell me why.
Note that given the volatility lately, I hardly doubt an assumption of continued growth at 10x/month is likely
I've been running calculations presuming steady value (my actual expectation is a little more moderate dip in price for 1-3 weeks and then begin to rise again at a more moderate pace, but the simulators don't let you get that complicated and I haven't built a spreadsheet or written a program to do that because it seems that there is zero means to acquire any hardware at a price that even *remotely* promises to be profitable... )Think of it as an investment, people are making more money trading USB erupter then bitcoin
You also have to consider the risk involved with Ebay. People sell at a higher cost, to make up for stolen Bitcoins and hardware due to chargebacks.
Everyone? Doubt it. They might just be smart enough to want to make the most money they can out of you.
Yes, people on ebay are crazy.
Those just trip up people who just found out about bitcoins.
They might have thought that btc will everlastingly grow in value so buying a miner will mean infinite money
Don't buy those.
Those just trip up people who just found out about bitcoins.
They might have thought that btc will everlastingly grow in value so buying a miner will mean infinite money
Don't buy those.
Everything I see when I search for bitcoin miner on ebay is selling for 2-10 times it's likely value... Every time I plug in anything resembling a reasonable set of values into a calculator like the one on thegenisisblock or bitcoinwisdom, and compare it with an ebay auction things don't even come close to lining up. The ONLY way I could see justifying the values placed on say a bitfury usb miner (usually $300-400 with multiple bidders over $300) is if you were going to turn around and offer the contracts that I see on ebay that often sell for 2-10 times their worth....
And then there's the 333Mh/s usb asics that sell for as much as $60 and might mine $10 worth of coin before they loose money on even at 2.5 watts...
Am I missing something or are they all just nuts? It's so universal that I begin to doubt myself... If those prices do make sense, can someone please tell me why.
Note that given the volatility lately, I hardly doubt an assumption of continued growth at 10x/month is likely I've been running calculations presuming steady value (my actual expectation is a little more moderate dip in price for 1-3 weeks and then begin to rise again at a more moderate pace, but the simulators don't let you get that complicated and I haven't built a spreadsheet or written a program to do that because it seems that there is zero means to acquire any hardware at a price that even *remotely* promises to be profitable... )
And then there's the 333Mh/s usb asics that sell for as much as $60 and might mine $10 worth of coin before they loose money on even at 2.5 watts...
Am I missing something or are they all just nuts? It's so universal that I begin to doubt myself... If those prices do make sense, can someone please tell me why.
Note that given the volatility lately, I hardly doubt an assumption of continued growth at 10x/month is likely
I've been running calculations presuming steady value (my actual expectation is a little more moderate dip in price for 1-3 weeks and then begin to rise again at a more moderate pace, but the simulators don't let you get that complicated and I haven't built a spreadsheet or written a program to do that because it seems that there is zero means to acquire any hardware at a price that even *remotely* promises to be profitable... ) Jump to: