Topic: What to do with old miners? (Read 3215 times)
For you to get someone to buy miners that old, you need to sell really cheap. I'm thinking $40... excluding shipping.
Hey there, I currently have 4 S3 miners. I am going to purchase an S5 soon. What do most of you guys do with your old miners? Do you guys sell your old miners or just use them in your mining software?
This is why people should turn to cloud mining, so that they do not have to deal with old hardware sales to recover initial investments.Except for the fact that 99% of sites purporting to be 'cloud mining' are actually ponzi scams. Just like the one in GG's sig.
Cloud mining is very insecure and most people would just rather have physical hardware hashing shares that they can fully control rather than some service promising hashrate that may not ever have been generated. Simply go to a website and sell your miner, and when the next gen ones come out you'll be a few dollars closer to a new miner.
Yea, I don't trust cloud mining.
People buy everything on ebay. Even worthless stuff.
So but it there and hope for the best.
So but it there and hope for the best.
One of the best examples is the block erupters. They at this point should be very very cheap. They were mass made and a lot of us owened more then we ever would want at this point (I sold mine off long ago when the blade was new).
But people still buy block erupters for collecting (which some do all colors) and learning. They bring far more then what is logical. I have sold MANY generations on ebay and it's worked out well. Only one I have gotten returned was a R1 router as they said it was not a reliable router.... which who buys a R1 to act as a router for other devices to connect to.... but that is another story.
I'm actually thinking of selling it on ebay. Hopefully I can make $50 off of each one. They have made .1 bitcoin in the past month, going to sell one and buy a S5 to increase profit.
Craigslist in my area was not so successful but I'm in the technological sticks. Sold a few on ebay with no issues.
Kept an S1 after an under-volt pencil mod, gave some away.
Kept an S1 after an under-volt pencil mod, gave some away.
People buy everything on ebay. Even worthless stuff.
So but it there and hope for the best.
So but it there and hope for the best.
One of the best examples is the block erupters. They at this point should be very very cheap. They were mass made and a lot of us owened more then we ever would want at this point (I sold mine off long ago when the blade was new).
But people still buy block erupters for collecting (which some do all colors) and learning. They bring far more then what is logical. I have sold MANY generations on ebay and it's worked out well. Only one I have gotten returned was a R1 router as they said it was not a reliable router.... which who buys a R1 to act as a router for other devices to connect to.... but that is another story.
People buy everything on ebay. Even worthless stuff.
So but it there and hope for the best.
So but it there and hope for the best.
Peercoin has very movable difficulty.
If you spend time you can mine when diff is down and not up.
It has a very good upside coming up to the btc 1/2 ing.
But I do agree after the btc 1/2 ing it will see some kind of shift
Peercoin diff will rise after the 1/2ing as the profitability of ppc is the same as btc right now. People will see that after the 1/2 ing and soon we'll be seeing a diff spike in ppc as well. I'm mining with 2 S5s on ppc solo, found 2 blocks so far. Doing good, + profit. If you spend time you can mine when diff is down and not up.
It has a very good upside coming up to the btc 1/2 ing.
But I do agree after the btc 1/2 ing it will see some kind of shift
Peercoin has very movable difficulty.
If you spend time you can mine when diff is down and not up.
It has a very good upside coming up to the btc 1/2 ing.
But I do agree after the btc 1/2 ing it will see some kind of shift
If you spend time you can mine when diff is down and not up.
It has a very good upside coming up to the btc 1/2 ing.
But I do agree after the btc 1/2 ing it will see some kind of shift
You can always mine Altcoins if you can afford to keep them running.
I'm mining Peercoin with 1 of my handful of S5's right now, and I plan on using the rest of my S5's after the halving because it'll be pointless to mine BTC at $0.70 a day per miner. I easily find a block with peercoin every day or every other day on my one S5.
I'm mining Peercoin with 1 of my handful of S5's right now, and I plan on using the rest of my S5's after the halving because it'll be pointless to mine BTC at $0.70 a day per miner. I easily find a block with peercoin every day or every other day on my one S5.
You make the exact same amount of money mining BTC or Peercoin. After the halving more people will mine Peercoin and in the end you will always make the same amount.
You can always mine Altcoins if you can afford to keep them running.
I'm mining Peercoin with 1 of my handful of S5's right now, and I plan on using the rest of my S5's after the halving because it'll be pointless to mine BTC at $0.70 a day per miner. I easily find a block with peercoin every day or every other day on my one S5.
I'm mining Peercoin with 1 of my handful of S5's right now, and I plan on using the rest of my S5's after the halving because it'll be pointless to mine BTC at $0.70 a day per miner. I easily find a block with peercoin every day or every other day on my one S5.
Hey there, I currently have 4 S3 miners. I am going to purchase an S5 soon. What do most of you guys do with your old miners? Do you guys sell your old miners or just use them in your mining software?
This is why people should turn to cloud mining, so that they do not have to deal with old hardware sales to recover initial investments.But he has hardware worth money still be likely could get 40-50 dollars each. So 160-200 dollars after selling and can be used to buy more bitcoins. You have been trolling speculation hard with your sig. But it will not help.
Fact is simple having hardware is nice as you own something. Heck if he gets 50 each that's almost half a S7 at this point. So lot's of options for him having these units.
That is true. With the hardware ASIC miner, in the winter, you can heat your house with that. With cloud mining, you cannot.
I personally don't run a miner at a loss for heat. At a point I did run mines that were profitable in certain rooms for free heat, but after going a little bigger and getting a mining area with power all ran to it I ended up just mining them in it this winter. And did not go for free heat messing around with putting them in separate rooms.
I think the bigger thing is the part about being able to sell it at the end. Even S3's 40-50 bucks buy BTC with sells... you get a little extra. In day's where ROI is harder I take all the extra profit I can squeeze out of miners, which includes selling previous gen gear.
Hey there, I currently have 4 S3 miners. I am going to purchase an S5 soon. What do most of you guys do with your old miners? Do you guys sell your old miners or just use them in your mining software?
This is why people should turn to cloud mining, so that they do not have to deal with old hardware sales to recover initial investments.But he has hardware worth money still be likely could get 40-50 dollars each. So 160-200 dollars after selling and can be used to buy more bitcoins. You have been trolling speculation hard with your sig. But it will not help.
Fact is simple having hardware is nice as you own something. Heck if he gets 50 each that's almost half a S7 at this point. So lot's of options for him having these units.
That is true. With the hardware ASIC miner, in the winter, you can heat your house with that. With cloud mining, you cannot.
Hey there, I currently have 4 S3 miners. I am going to purchase an S5 soon. What do most of you guys do with your old miners? Do you guys sell your old miners or just use them in your mining software?
This is why people should turn to cloud mining, so that they do not have to deal with old hardware sales to recover initial investments.But he has hardware worth money still be likely could get 40-50 dollars each. So 160-200 dollars after selling and can be used to buy more bitcoins. You have been trolling speculation hard with your sig. But it will not help.
Fact is simple having hardware is nice as you own something. Heck if he gets 50 each that's almost half a S7 at this point. So lot's of options for him having these units.
Hey there, I currently have 4 S3 miners. I am going to purchase an S5 soon. What do most of you guys do with your old miners? Do you guys sell your old miners or just use them in your mining software?
This is why people should turn to cloud mining, so that they do not have to deal with old hardware sales to recover initial investments.Except for the fact that 99% of sites purporting to be 'cloud mining' are actually ponzi scams. Just like the one in GG's sig.
Cloud mining is very insecure and most people would just rather have physical hardware hashing shares that they can fully control rather than some service promising hashrate that may not ever have been generated. Simply go to a website and sell your miner, and when the next gen ones come out you'll be a few dollars closer to a new miner.
Hey there, I currently have 4 S3 miners. I am going to purchase an S5 soon. What do most of you guys do with your old miners? Do you guys sell your old miners or just use them in your mining software?
This is why people should turn to cloud mining, so that they do not have to deal with old hardware sales to recover initial investments.Except for the fact that 99% of sites purporting to be 'cloud mining' are actually ponzi scams. Just like the one in GG's sig.
nothing, just throw them to basement...maybe you will laugh yourself later:P
Hey there, I currently have 4 S3 miners. I am going to purchase an S5 soon. What do most of you guys do with your old miners? Do you guys sell your old miners or just use them in your mining software?
This is why people should turn to cloud mining, so that they do not have to deal with old hardware sales to recover initial investments. Sell them on Craigslist or undervolt and use them.
What do you mean "undervolt and use them?"
Undervolting is where you attempt to reduce voltage/clock speed and current of the miners.
Don't do this, it is rather useless, otherwise you would just run them at a normal speed.
That advice doesn't seem too useful.
Undervolting and underclocking can reduce the power consumption quite a lot. It may increase the efficiency by 40%, but the hash rate will also reduce.
I'm not sure if they are that old that you will not get anything for it anymore because the shipping cost might even more than it's worth. But there are users that buy older tech because they somehow have no electricity cost or it's so cheap that these miners will still work for them.
You might simply try and see if someone is interested. Doesn't cost anything except time.
You might simply try and see if someone is interested. Doesn't cost anything except time.
Put it on Ebay or Craigslist and wait for a dumb person to pay over the odds for it. Some people are never gonna learn.
Yes, old miners are being sold always, mostly after the ROI and to help gather funds for newer and more efficient miners instead. If I were you, I would sell all four of your S3's and then purchase one of those $100 off coupons for an S7 that many are selling lately for cheap and go buy an S7 instead in which you mentioned, you don't have a free electricity, it would be the right thing to do since their the most efficient plus their price has dropped hugely on recent times.
Hey there, I currently have 4 S3 miners. I am going to purchase an S5 soon. What do most of you guys do with your old miners? Do you guys sell your old miners or just use them in your mining software?
Why would you buy an S5 and not go with an S7? S5 will be nearly obsolete before you hook it up unless you are getting it really cheap. The free electric is a bonus but still got with the better unit.
Sell them on ebay and amazon. Plenty of suckers out there waiting to buy outdated miners at high prices. Suckers like me who don't buy from places like bitcointalk... oh yeah... 
for example, S1s sell on US amazon for 59$, and ebay around 40. You can get them nearly free (10$) on bitcointalk excluding shipping.
for example, S1s sell on US amazon for 59$, and ebay around 40. You can get them nearly free (10$) on bitcointalk excluding shipping.
Dunno if you can use it to mine a profitable altcoins especially if you have free electricity otherwise just sell it before it is too late with the increasing difficulty and the new equipments 
Even if late it's still better to sell vs sitting and collecting dust. Lets say he gets 50 dollars for 4... thats roughly .45+ of BTC. So almost a half a bitcoin now, even with waiting so long.
And if he ever needs he can buy back at cheaper down the road. That has been part of my reasoning is they lose value sitting there. So I can always buy later for cheaper in most cases. So you come out ahead selling again.
Dunno if you can use it to mine a profitable altcoins especially if you have free electricity otherwise just sell it before it is too late with the increasing difficulty and the new equipments
Hey there, I currently have 4 S3 miners. I am going to purchase an S5 soon. What do most of you guys do with your old miners? Do you guys sell your old miners or just use them in your mining software?
Sell them is what I would do. I sell all of my old gear and buy BTC, then buy new gear with it. I have normal electricity... so my S3's sold long ago. I try to sell when I know I will make more off sell then at my electricity rate just mining them. But it is speculation to a point.
Either way your better off selling and getting BTC over them setting around collecting dust.
Sell them on Craigslist or undervolt and use them.
What do you mean "undervolt and use them?"
Undervolting is where you attempt to reduce voltage/clock speed and current of the miners.
Don't do this, it is rather useless, otherwise you would just run them at a normal speed.
That advice doesn't seem too useful.
Sell them on Craigslist or undervolt and use them.
What do you mean "undervolt and use them?"
Hey there, I currently have 4 S3 miners. I am going to purchase an S5 soon. What do most of you guys do with your old miners? Do you guys sell your old miners or just use them in your mining software?
I presume you could sell them.
For fast startup, the control computers are the same I think so you can just switch them over.
You can sell the S4s back to bitmaintech or to users on this forum on the marketplace.
Sell them on Craigslist or undervolt and use them.
if you have free electric power, you can use then with s5, if not you can easily sell them. many newbies are trying to buy cheap antminers to learn basics of mining and how are they working.
good luck in selling
good luck in selling
This is great for me, I do have free electric power. I'm going to have to buy a better switch, currently using 2 routers as switches.
You could use the frame etc. with these, when they become available: https://bitcointalk.org/index.php?topic=1368507.300
If you have DIY skills.
If you have DIY skills.
if you have free electric power, you can use then with s5, if not you can easily sell them. many newbies are trying to buy cheap antminers to learn basics of mining and how are they working.
good luck in selling
good luck in selling
Hey there, I currently have 4 S3 miners. I am going to purchase an S5 soon. What do most of you guys do with your old miners? Do you guys sell your old miners or just use them in your mining software?
Jump to: