Why should anyone sell a titan for 5% of it's price when you can get ROI in less than 2 months on the 500$. Customs probably cost him more than that.
I guess he bought...one of the first when btc was high with btc payment..mined it till now ....trying to get some btc back ..he holds (i assume he is a whale) whatever it is in the mail...i'll let you know if i get a pile of rocks (unlikely been on skype with the guy every other day for months) but hey...he holds and say he has say 10 coin into the beast back in the day..in gets 9 coin back..with what he has mined..if you have enough btc i guess it makes some kinda sense...i got my titan Nov 8th i think he was one of the first to get one ...would that be what 2nd week Oct 2014?
whatever it is hot in Australia ...(summer) elec costs are high and i think he has to travel for work ...so anyway.....but even at 505 usd or 2.15 btc for the Titan it would still
take 5 months with elec to get out from under the price and elec where I am...so yeah ..he prob could get more on ebay ..but i suspect that right now at LTC price etc 505 usd
or 2.15 is about what these units are worth ..also remember in 'supposedly' a couple weeks 2nd batch titans are gonna hit the world...( I heard at one time that batch was 2.5k
of units...hope that is just a rumor) so titans will be in the 500 range here with in a month about imho on ebay anyway ...when all the Titans are free in the wild .....if watching the price tank on bonus neptunes on ebay is any indication ...
yeah knc did a number on titan owners 1st batch and 2nd batch...
whatever ....it is traveling half way around the world it could end up here in pieces anyway (or rocks) we will see
I'll let folks know...but hell I could hardly turn down the offer (also remember due to bank error/issues with SEC I'm a legal miner in the USA that little equip purchase and me
showing 2x more revenue mining (ie farming lol) is very very helpful to my standing as a legit biz with IRS...with no other real home miner purchases of any note being offered
(at least at current price vs difficulty) this next (2016) year may be a challenge to get the last of my equip depreciation back on this miner biz merry go round.. ..thus in my 'odd' situation ..this works out well for me in that manner as well.....
again i'll let folks know how this works out