Less than 41min left...
Good luck to all bidder!
Topic: [SOLD] IN HAND Avalon Batch #2 Bitcoin Miner with escrow (Read 1944 times)
Less than 8h left!
two words: irrational exuberance
It's so hard to figure out what a practical price for this hardware is. Using the last five difficulty increases as a measure for upcoming difficulty (which, in my opinion, is VERY conservative), it appears that this unit will generate 128 BTC in the next 12 months. That's assuming free power.
In addition, if difficulty continues increasing at a rate similar to what it has been recently (~10% per week), difficulty will be 2.4 billion by the end of the 12 month period, making this device practically worthless at that time.
Granted, no one really knows what difficulty will look like (again, I personally believe the above estimates are conservative), but it appears that if buyers use logic when determining what to bid on this auction, they should bid no more than 128 BTC ... much less if they don't have free power!
EDIT: well I see the auction is now well beyond 128 BTC so apparently logic does not apply! (or some people disagree that difficulty will continue to rise ~10% per week for the next 52 weeks)
In addition, if difficulty continues increasing at a rate similar to what it has been recently (~10% per week), difficulty will be 2.4 billion by the end of the 12 month period, making this device practically worthless at that time.
Granted, no one really knows what difficulty will look like (again, I personally believe the above estimates are conservative), but it appears that if buyers use logic when determining what to bid on this auction, they should bid no more than 128 BTC ... much less if they don't have free power!
EDIT: well I see the auction is now well beyond 128 BTC so apparently logic does not apply! (or some people disagree that difficulty will continue to rise ~10% per week for the next 52 weeks)
yep, people are failing at the basic math.
the risk involved for the margins is so thin, I can't believe people at willing to drop so much for a used unit.
I still can't believe someone bid 185 for ONE 3module avalon on another thread. that fella will never see a return.
it's the asic USB miner mentality, only with a lot more money. lol
Less than 22H left.
the margins are razor for 70g/hash machines assuming this scenario
10% increase every 11days, no electrical costs, no pool fee, no unforeseen consequences. you start mining today.
over 1 year period, you will accrue 210BTC.
@ 15% you accrue 151BTC.
keep in mind, we won't plateau on network hash as BFL will keep churning out their units, avalons sold 500,000 DIY chips and KNC w/, supposedly, 23nm chips. bitfury has a working 120g/hash machine @ 2100usd.
once the dust settles, I can see a asic farm making good money. but the arms race hasn't even reached an armistice yet.
It's so hard to figure out what a practical price for this hardware is. Using the last five difficulty increases as a measure for upcoming difficulty (which, in my opinion, is VERY conservative), it appears that this unit will generate 128 BTC in the next 12 months. That's assuming free power.
In addition, if difficulty continues increasing at a rate similar to what it has been recently (~10% per week), difficulty will be 2.4 billion by the end of the 12 month period, making this device practically worthless at that time.
Granted, no one really knows what difficulty will look like (again, I personally believe the above estimates are conservative), but it appears that if buyers use logic when determining what to bid on this auction, they should bid no more than 128 BTC ... much less if they don't have free power!
EDIT: well I see the auction is now well beyond 128 BTC so apparently logic does not apply! (or some people disagree that difficulty will continue to rise ~10% per week for the next 52 weeks)
In addition, if difficulty continues increasing at a rate similar to what it has been recently (~10% per week), difficulty will be 2.4 billion by the end of the 12 month period, making this device practically worthless at that time.
Granted, no one really knows what difficulty will look like (again, I personally believe the above estimates are conservative), but it appears that if buyers use logic when determining what to bid on this auction, they should bid no more than 128 BTC ... much less if they don't have free power!
EDIT: well I see the auction is now well beyond 128 BTC so apparently logic does not apply! (or some people disagree that difficulty will continue to rise ~10% per week for the next 52 weeks)
yep, people are failing at the basic math.
the risk involved for the margins is so thin, I can't believe people at willing to drop so much for a used unit.
I still can't believe someone bid 185 for ONE 3module avalon on another thread. that fella will never see a return.
it's the asic USB miner mentality, only with a lot more money. lol
This unit is mining since friday so it's like new. Call-it a burnin test that will pay for free express shipping.
Less than 22H left.
It's so hard to figure out what a practical price for this hardware is. Using the last five difficulty increases as a measure for upcoming difficulty (which, in my opinion, is VERY conservative), it appears that this unit will generate 128 BTC in the next 12 months. That's assuming free power.
In addition, if difficulty continues increasing at a rate similar to what it has been recently (~10% per week), difficulty will be 2.4 billion by the end of the 12 month period, making this device practically worthless at that time.
Granted, no one really knows what difficulty will look like (again, I personally believe the above estimates are conservative), but it appears that if buyers use logic when determining what to bid on this auction, they should bid no more than 128 BTC ... much less if they don't have free power!
EDIT: well I see the auction is now well beyond 128 BTC so apparently logic does not apply! (or some people disagree that difficulty will continue to rise ~10% per week for the next 52 weeks)
In addition, if difficulty continues increasing at a rate similar to what it has been recently (~10% per week), difficulty will be 2.4 billion by the end of the 12 month period, making this device practically worthless at that time.
Granted, no one really knows what difficulty will look like (again, I personally believe the above estimates are conservative), but it appears that if buyers use logic when determining what to bid on this auction, they should bid no more than 128 BTC ... much less if they don't have free power!
EDIT: well I see the auction is now well beyond 128 BTC so apparently logic does not apply! (or some people disagree that difficulty will continue to rise ~10% per week for the next 52 weeks)
yep, people are failing at the basic math.
the risk involved for the margins is so thin, I can't believe people at willing to drop so much for a used unit.
I still can't believe someone bid 185 for ONE 3module avalon on another thread. that fella will never see a return.
it's the asic USB miner mentality, only with a lot more money. lol
Its def going to be rising!!
It's so hard to figure out what a practical price for this hardware is. Using the last five difficulty increases as a measure for upcoming difficulty (which, in my opinion, is VERY conservative), it appears that this unit will generate 128 BTC in the next 12 months. That's assuming free power.
In addition, if difficulty continues increasing at a rate similar to what it has been recently (~10% per week), difficulty will be 2.4 billion by the end of the 12 month period, making this device practically worthless at that time.
Granted, no one really knows what difficulty will look like (again, I personally believe the above estimates are conservative), but it appears that if buyers use logic when determining what to bid on this auction, they should bid no more than 128 BTC ... much less if they don't have free power!
EDIT: well I see the auction is now well beyond 128 BTC so apparently logic does not apply! (or some people disagree that difficulty will continue to rise ~10% per week for the next 52 weeks)
In addition, if difficulty continues increasing at a rate similar to what it has been recently (~10% per week), difficulty will be 2.4 billion by the end of the 12 month period, making this device practically worthless at that time.
Granted, no one really knows what difficulty will look like (again, I personally believe the above estimates are conservative), but it appears that if buyers use logic when determining what to bid on this auction, they should bid no more than 128 BTC ... much less if they don't have free power!
EDIT: well I see the auction is now well beyond 128 BTC so apparently logic does not apply! (or some people disagree that difficulty will continue to rise ~10% per week for the next 52 weeks)
Excellent, another Avalon! Would you accept Cash in hand and a local pickup?
I want Bitcoin but local pick-up is possible.
Excellent, another Avalon! Would you accept Cash in hand and a local pickup?
Si j'avais 10K je serais venue le prendre je suis a montreal. I would just mine with it if I were you. Power not expensive here and you have one in hand early enough IMO.
Good luck and congrats on having it on hand.
Unfortunately, I'm a student renting a small room. It's hot and noisy right now. Good luck and congrats on having it on hand.
Si j'avais 10K je serais venue le prendre je suis a montreal. I would just mine with it if I were you. Power not expensive here and you have one in hand early enough IMO.
Good luck and congrats on having it on hand.
Good luck and congrats on having it on hand.
HI,
can i know why you want to sell it? At current Hash Rate, you can break even in 60 days?
Any warranty on the unit?
can i know why you want to sell it? At current Hash Rate, you can break even in 60 days?
Any warranty on the unit?
It's hard to estimate how the rise in difficulty will impact profitability on mid/long term. I can't answer this question in case I'm wrong since it's speculation and there is so many variables in play. Maybe do some research on the forum there is a lot of discussions on the subject.
I think there is no warranty from Avalon (I might be wrong) but PSU and networking are standard parts. The unit look very sturdy and is hashing cool and stable. I've seen a module repair service announced somewhere on the forum.
I received some PM that I will answer tomorrow morning since I'm tired.
EDIT2: I can wait more than 3 hours for payment to escrow. Please contact me on Bitmit if you need more than 3 hours to move your funds.
HI,
can i know why you want to sell it? At current Hash Rate, you can break even in 60 days?
Any warranty on the unit?
can i know why you want to sell it? At current Hash Rate, you can break even in 60 days?
Any warranty on the unit?
Nice job ! Esti que j'aimerais avoir 10k in hand right now lol
Alors ta deja eu un premier bid ?
Affirmatif.
Alors ta deja eu un premier bid ?
I would buy now for 100 btc
This is an auction and there is already 1 bid at 100BTC.See this link: https://www.bitmit.net/en/item/40401-in-hand-avalon-batch-2-bitcoin-miner
I would buy now for 100 btc
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