Topic: Selling off my mining rigs (Read 8056 times)
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Wow, this makes me realize where all that processing power comes from.
I never thought about this... if there ever is a large price crash in Bitcoin, the hardware markets will be flooded with used high-throughput graphics cards.
And the Southern Islands GPUs are around the corner... ebay might be a feast for gamers soon.
I never thought about this... if there ever is a large price crash in Bitcoin, the hardware markets will be flooded with used high-throughput graphics cards.
And the Southern Islands GPUs are around the corner... ebay might be a feast for gamers soon.
That's just the ebb and flow of markets, as applied to bitcoin mining. I'm in the market for some used mining gear to build my mining heater for my garage. It might need to be as large as a rack for an electric heater as powerful as I can buy at Wal-Mart for $30, but this one has the potential of paying for itself. Any miners who live in climates with a heating season longer than 6 months should really consider shutting down, but waiting until fall before considering selling. Any miners in tropical climates really shouldn't be mining at all. The thread with the miner in Hawaii, with year round AC demands and 25 cents per KWH, just made me laugh.
I wish I had that much hardware a couple months ago
Hope your sale goes smooth.
Hope your sale goes smooth.
The lot has been spoken for and deposits are in place, thank you all for the interest!
And so it begins...
Yeah i was hoping we wouldnt see this until a Long time from now. But oh well, What sucks More right now is that every miner is hoarding coins going "please go back up market pleaaase" and they dont realise that "The trading of the coins is what gives them value"
Wow, this makes me realize where all that processing power comes from.
I never thought about this... if there ever is a large price crash in Bitcoin, the hardware markets will be flooded with used high-throughput graphics cards.
And the Southern Islands GPUs are around the corner... ebay might be a feast for gamers soon.
I never thought about this... if there ever is a large price crash in Bitcoin, the hardware markets will be flooded with used high-throughput graphics cards.
And the Southern Islands GPUs are around the corner... ebay might be a feast for gamers soon.
Why you selling everything? :O
Will you sell mobos and cpus by themselves?
Honestly? Timing is everything, I've recouped my hardware costs and with the next round of difficulty increase on the horizon I don't see much future in mining (BTC is a different story...) and would like to sell before the secondary market is flooded with used video cards.Will you sell mobos and cpus by themselves?
Happy to sell the motherboards + CPUs separately, they are:
Motherboards:
Qty 7, MSi 870-G45
Qty 1, MSi 890FXA-GD70
Qty 1, MSi 870U-G55
All of the CPUs are AMD Semperons
Wait.. what?
Your all paid off and you are quitting? Unless your mining is bringing in less than your power cost, why would you get out now when your hardware is paid in full?
I understand difficulty going up yields less coins, but you should still be profitable with that many GPU's.
It isn't a matter of still being profitable, it's a matter of maximizing the $$$ in your pocket. I had 4k worth of hardware in my 5Gh cluster. With the latest difficulty increase it was only bringing in $40 a day after power costs. With future difficulty increases, or drop in BTC value, it may drop as low as $20. Assuming an average of $25 (big assumption) from here on out, and assuming I could get $2500 for my hardware now, it would take 100 days to just break even. That's a big gamble. I'll take my money now thank you
http://shop.ebay.com/pilotandy/m.html?_nkw=&_armrs=1&_from=&_ipg=&_trksid=p3686
Why you selling everything? :O
Will you sell mobos and cpus by themselves?
Honestly? Timing is everything, I've recouped my hardware costs and with the next round of difficulty increase on the horizon I don't see much future in mining (BTC is a different story...) and would like to sell before the secondary market is flooded with used video cards.Will you sell mobos and cpus by themselves?
Happy to sell the motherboards + CPUs separately, they are:
Motherboards:
Qty 7, MSi 870-G45
Qty 1, MSi 890FXA-GD70
Qty 1, MSi 870U-G55
All of the CPUs are AMD Semperons
Wait.. what?
Your all paid off and you are quitting? Unless your mining is bringing in less than your power cost, why would you get out now when your hardware is paid in full?
I understand difficulty going up yields less coins, but you should still be profitable with that many GPU's.
I think the OP hasn't thought this through. He's selling his mining gear because it's not worth mining any more, on a Bitcoin mining forum
Speaking of getting rid of hardware, I too am downsizing, although listing elsewhere to sell my graphics cards and other bits. Employing $1000 of hardware to eek out maybe $5 a day after power and tax doesn't strike me as especially effective.
Speaking of getting rid of hardware, I too am downsizing, although listing elsewhere to sell my graphics cards and other bits. Employing $1000 of hardware to eek out maybe $5 a day after power and tax doesn't strike me as especially effective.
This is partly a problem of mom and pop basement operations that neither are tax regiestered (paying sales tax / VAT) nor get industrial power.
Just comparing my own plans to a home guy 20km further down the road:
* I look for a room with water access for ingoing chillers (cooling air into the room, air out will be dumped to the environment)
Happens I live on a harbor city.* I will pay about 25% to 20% of the power costs he pays
Makes a difference between happy investment, possibly, and - well... loosing money.
People like Vladimir with his data centers will make money when small basement operations realize they pay a hefty price every month.
You should ask google for some space in their new data centre
Quote
Google has released a video showing off an interesting environmentally friendly innovation in one of their newly built data centers -- namely, a seawater cooling system for its servers. Located on the southern coast of Finland, the data center takes advantage of massive quarter-mile long tunnels installed by a paper mill previously operating on the site. The latter cooled some of its paper making machinery using the tunnels -- and apparently other industries have been known to do this as well -- but up until now using seawater for data center cooling was unheard of.
http://www.techspot.com/news/43942-googles-new-finland-data-center-is-cooled-by-seawater.html
I think the OP hasn't thought this through. He's selling his mining gear because it's not worth mining any more, on a Bitcoin mining forum
Speaking of getting rid of hardware, I too am downsizing, although listing elsewhere to sell my graphics cards and other bits. Employing $1000 of hardware to eek out maybe $5 a day after power and tax doesn't strike me as especially effective.
Speaking of getting rid of hardware, I too am downsizing, although listing elsewhere to sell my graphics cards and other bits. Employing $1000 of hardware to eek out maybe $5 a day after power and tax doesn't strike me as especially effective.
This is partly a problem of mom and pop basement operations that neither are tax regiestered (paying sales tax / VAT) nor get industrial power.
Just comparing my own plans to a home guy 20km further down the road:
* I look for a room with water access for ingoing chillers (cooling air into the room, air out will be dumped to the environment)
Happens I live on a harbor city.* I will pay about 25% to 20% of the power costs he pays
Makes a difference between happy investment, possibly, and - well... loosing money.
People like Vladimir with his data centers will make money when small basement operations realize they pay a hefty price every month.
What is left and can you put $$$ on them. Thanks
And so it begins...
I think the OP hasn't thought this through. He's selling his mining gear because it's not worth mining any more, on a Bitcoin mining forum
Speaking of getting rid of hardware, I too am downsizing, although listing elsewhere to sell my graphics cards and other bits. Employing $1000 of hardware to eek out maybe $5 a day after power and tax doesn't strike me as especially effective.
Speaking of getting rid of hardware, I too am downsizing, although listing elsewhere to sell my graphics cards and other bits. Employing $1000 of hardware to eek out maybe $5 a day after power and tax doesn't strike me as especially effective.
Good Luck! 
save yourself alot of time and hassle and just use ebay
yer just gonna get a buncha lowball offers + scams on here
yer just gonna get a buncha lowball offers + scams on here
Yes but you have to factor in all of feebay's fees.
Dropped you a PM about one of the 5870s as that's all my budget can allow for atm.
If OP considers himself smart for bailing out early to get the most for his hardware he should either sell on CL/ebay or just offer cards here on this forum and just sit and wait for the best offers then decide. Now that you partly explaining why and how it only makes sense that other miners will try to lowball or else it doesn't make sense, if you are leaving because next 3 difficulties will bring everyone's profit down to the minimum why would they pay you premium for your bailout.
So basically you need to sell to other miners whole rigs for 40% of the price or sit and wait on CL/ebay for 70%
So basically you need to sell to other miners whole rigs for 40% of the price or sit and wait on CL/ebay for 70%
lowball is all in the eye of the beholder.
Though to be truly fair to the OP I recently saw a bunch of 5870s go for $360 on ebay
Double what I'd be willing to pay even if difficulty weren't so ridiculously high. Sweet buncha crap mang, I'd be tempted to lift off your hands if I didn't suspect you were aiming for super-overpricing and difficulty didnt make buying in such a losing proposition.
Though to be truly fair to the OP I recently saw a bunch of 5870s go for $360 on ebay
Double what I'd be willing to pay even if difficulty weren't so ridiculously high. Sweet buncha crap mang, I'd be tempted to lift off your hands if I didn't suspect you were aiming for super-overpricing and difficulty didnt make buying in such a losing proposition.
I'm sorry you consider my offer a lowball offer, but I have to keep my own payoff period below 60 days... anything more than that is more risk than I can stomach.
You yourself admitted you're trying to "beat the rush" -- which means you want to be one of the last people to get TOP DOLLAR (full price, or full price and then some) for your ex-mining cards.
Well, I'm a miner looking to make money too. I have to make money at this difficulty level, with BTC at $15.50, etc.
I'd just as soon wait for the "flood" and pick out cards then, thanks. I don't want to be "in the hole" for a bunch of overpriced cards. I'd rather bide my time and keep paying down my rigs.
Unfortunately, there are plenty of people less smart than me, who haven't caught on yet. They're still living in early June 2011 (Difficulty 477K, BTC price $30.00) Let them buy your stuff, just like they buy 5830's on eBay for $165 and up. They'll learn a hard lesson.
Matthew
You yourself admitted you're trying to "beat the rush" -- which means you want to be one of the last people to get TOP DOLLAR (full price, or full price and then some) for your ex-mining cards.
Well, I'm a miner looking to make money too. I have to make money at this difficulty level, with BTC at $15.50, etc.
I'd just as soon wait for the "flood" and pick out cards then, thanks. I don't want to be "in the hole" for a bunch of overpriced cards. I'd rather bide my time and keep paying down my rigs.
Unfortunately, there are plenty of people less smart than me, who haven't caught on yet. They're still living in early June 2011 (Difficulty 477K, BTC price $30.00) Let them buy your stuff, just like they buy 5830's on eBay for $165 and up. They'll learn a hard lesson.
Matthew
save yourself alot of time and hassle and just use ebay
yer just gonna get a buncha lowball offers + scams on here
Sadly, from what I've received in email/PMs so far you are correct.yer just gonna get a buncha lowball offers + scams on here
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