[WTB] Used Antminer S1's or other gear 200GH/s and up

ionux

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Quote from: ccollectables on April 06, 2014, 04:33:21 PM

My point is more that at the time the s2s were announces and sold out cost per GH/s was about the same (~$600 usd for s2 plus ~ $100 for psu = $700 for 200gh/s overclocked, so around $3500 without warranty for 1th from s1s vs $3599 for 1th of the s2). At the time the s1s sold out they cost was closer to $2500 for 1th from the s1s, which would make $3599 for the s2s much less desirable.

Yeah, it's purely academic at this point, but the price for the S2's were $3899 for the first batch (the $3599 price was for their second batch).

Anyway, I agree with you - the S1's were arguable a better value but it didn't stop the first batch of S2's from selling out within hours and the second batch within a few days.

w00tcoin

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w00t!coin

I will sell you mine for 600 USD

ccollectables

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My point is more that at the time the s2s were announces and sold out cost per GH/s was about the same (~$600 usd for s2 plus ~ $100 for psu = $700 for 200gh/s overclocked, so around $3500 without warranty for 1th from s1s vs $3599 for 1th of the s2). At the time the s1s sold out they cost was closer to $2500 for 1th from the s1s, which would make $3599 for the s2s much less desirable.

ionux

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Quote from: ccollectables on April 06, 2014, 03:25:18 PM

The cost of the s1s did not drop really low until after the s2s were sold out. When the s2s were selling the s1s cost was high enough that the s2s were still a better deal. If they were to post the s2s while the s1s were around the 400 each mark then I doubt they would have sold as quickly.

Well, not really. Not trying to be argumentative at all but Bitmain started lowering the price weekly well before the S2's came onto the scene. Consider these facts:

Bitmain announced the last batch of S1's on Jan 15th for 2.2 BTC each.
The price had been steadily lowered each week and was 0.996 the day before the S2 was announced.
Bitmain announces the first batch of S2's on March 14th.
Price further steadily lowered to the present 0.893.

The decrease before the S2's announcement was 55%. The decrease after the S2 was only 11%. So the S1's were more cost effective on a per-machine basis when the S2's were announced, which was mentioned in a few threads: $3899 for 1TH/s S2 vs ~$3000 for 1TH/s worth of S1's.

ccollectables

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Quote from: ionux on April 06, 2014, 02:33:34 PM

Quote from: ccollectables on April 06, 2014, 02:21:19 PM

Quote from: ionux on April 06, 2014, 01:25:32 PM

Quote from: techgeek on April 06, 2014, 01:08:44 PM

Why not just visit the re-seller "service announcements" and buy it comparable price with them? plus they are in the states as well..

Yeah, I've looked at that and I've made 2 purchased from Ninjatech in the past. Unfortunately (or fortunately depending on your point of view), the resellers that do have S1's in stock are charging a premium over the regular price. That's why I specified used gear. I'm not personally interested in paying more for these, at this time.

I hope you do not take offense by this, but you picked a bad time to buy if you do not wish to pay more. The "new gen" Miners are backordered everywhere and it seems that even official bitmain distributors do not know if the s1 is coming back or not.

My gut is telling me that bitmain was either selling of the remaining s1's cheap to make room for the s2's in prodution or they just realized the cheap s1's were killing the market for the s2's. Either way I think the days of dirt cheap s1's are done, but I guess only time will tell.

More on topic, I have a few s1's that are used and currently mining and some new ones scheduled to arrive on Monday, you are welcome to make offer on some in either lot but like pretty much everyone I will not be letting them go cheap.

No offense taken! Interesting theories. Looking at how quickly the S2's sold out I don't think they were much of an interference, however. But the market will bear whatever people are willing to pay and at this current difficulty level I'm not willing to pay more than what they were just selling for. That's just me, though. I'm buying these to use in my own mining operation and don't need the ROI to be any higher than necessary.

The cost of the s1s did not drop really low until after the s2s were sold out. When the s2s were selling the s1s cost was high enough that the s2s were still a better deal. If they were to post the s2s while the s1s were around the 400 each mark then I doubt they would have sold as quickly.

ionux

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Activity: 140

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Quote from: ccollectables on April 06, 2014, 02:21:19 PM

More on topic, I have a few s1's that are used and currently mining and some new ones scheduled to arrive on Monday, you are welcome to make offer on some in either lot but like pretty much everyone I will not be letting them go cheap.

Oh, and I almost overlooked this, but cheap and fair are two different concepts. I'm willing to be fair and make it a win-win for everyone. In my opinion, fair is not price gouging - and I'm not saying anyone is - but people will pay if they believe it is worth it for them.

Again, my opinion is that a fair price for a new one is what it was just sold for new. It's not cheap or expensive - that's just what the price was. A used item is worth less. This isn't a collector's item that I'm going to put on a display shelf somewhere. Wink

ionux

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Activity: 140

Merit: 100

Quote from: ccollectables on April 06, 2014, 02:21:19 PM

Quote from: ionux on April 06, 2014, 01:25:32 PM

Quote from: techgeek on April 06, 2014, 01:08:44 PM

Why not just visit the re-seller "service announcements" and buy it comparable price with them? plus they are in the states as well..

Yeah, I've looked at that and I've made 2 purchased from Ninjatech in the past. Unfortunately (or fortunately depending on your point of view), the resellers that do have S1's in stock are charging a premium over the regular price. That's why I specified used gear. I'm not personally interested in paying more for these, at this time.

I hope you do not take offense by this, but you picked a bad time to buy if you do not wish to pay more. The "new gen" Miners are backordered everywhere and it seems that even official bitmain distributors do not know if the s1 is coming back or not.

My gut is telling me that bitmain was either selling of the remaining s1's cheap to make room for the s2's in prodution or they just realized the cheap s1's were killing the market for the s2's. Either way I think the days of dirt cheap s1's are done, but I guess only time will tell.

More on topic, I have a few s1's that are used and currently mining and some new ones scheduled to arrive on Monday, you are welcome to make offer on some in either lot but like pretty much everyone I will not be letting them go cheap.

No offense taken! Interesting theories. Looking at how quickly the S2's sold out I don't think they were much of an interference, however. But the market will bear whatever people are willing to pay and at this current difficulty level I'm not willing to pay more than what they were just selling for. That's just me, though. I'm buying these to use in my own mining operation and don't need the ROI to be any higher than necessary.

ccollectables

full member

Activity: 224

Merit: 100

Quote from: ionux on April 06, 2014, 01:25:32 PM

Quote from: techgeek on April 06, 2014, 01:08:44 PM

Why not just visit the re-seller "service announcements" and buy it comparable price with them? plus they are in the states as well..

Yeah, I've looked at that and I've made 2 purchased from Ninjatech in the past. Unfortunately (or fortunately depending on your point of view), the resellers that do have S1's in stock are charging a premium over the regular price. That's why I specified used gear. I'm not personally interested in paying more for these, at this time.

I hope you do not take offense by this, but you picked a bad time to buy if you do not wish to pay more. The "new gen" Miners are backordered everywhere and it seems that even official bitmain distributors do not know if the s1 is coming back or not.

My gut is telling me that bitmain was either selling of the remaining s1's cheap to make room for the s2's in prodution or they just realized the cheap s1's were killing the market for the s2's. Either way I think the days of dirt cheap s1's are done, but I guess only time will tell.

More on topic, I have a few s1's that are used and currently mining and some new ones scheduled to arrive on Monday, you are welcome to make offer on some in either lot but like pretty much everyone I will not be letting them go cheap.

ionux

full member

Activity: 140

Merit: 100

Quote from: techgeek on April 06, 2014, 01:08:44 PM

Why not just visit the re-seller "service announcements" and buy it comparable price with them? plus they are in the states as well..

Yeah, I've looked at that and I've made 2 purchased from Ninjatech in the past. Unfortunately (or fortunately depending on your point of view), the resellers that do have S1's in stock are charging a premium over the regular price. That's why I specified used gear. I'm not personally interested in paying more for these, at this time.

techgeek

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Merit: 1000

Why not just visit the re-seller "service announcements" and buy it comparable price with them? plus they are in the states as well..

ionux

full member

Activity: 140

Merit: 100

Posted yesterday and no hits on this so I've expanded to pretty much any gear hashing at 200GH/s or greater. I'm open to 1TH/s gear as long as the price is fair - anyone selling a gently used Dragon miner, for example?

ionux

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Activity: 140

Merit: 100

Like the title says. PM w/price including shipping to ATL. Thanks!

Edit: changed the title to include other gear, too.

Topic: [WTB] Used Antminer S1's or other gear 200GH/s and up (Read 723 times)