Quote from: ps_jb on July 14, 2016, 04:32:28 PM

Quote from: lechatelier on July 14, 2016, 04:24:02 PM

If you factor in the handling fees of 50$, then you'll be paying 245$ per ...

+ Shipping

But in general you are right - for places with electricity <3c per kWh it will be profitable for a while

The cost of shipping in this scenario is irrelevant as I was just making a comparison between ordering a new S7 from Hashnest directly (which would include shipping on top of those 435$ as well) and ordering through the Hashnest market (which will, as you've pointed out, come with shipping costs as well).

So since both options will have the same shipping costs, I assume, I just disregarded them in the comparison - I should have pointed that out in my previous post, I'm sorry. The handling fees, however, are exclusive to the redemption machines so it had to be factored in.

The price went as low as 5000 sat / GHS yesterday and as low as 6000 sat / GHS today, I think a lot of people are going to realize the potential of buying S7 shares cheap in order to redeem for machines and we will see an increase in price back up to the 8000 - 9000 sat / GHS range - that is, of course, unless Hashnest lowers their own price of new S7s. (When buying a new machine from Hashnest right now, you're practically paying 13500 sat / GHS)

EDIT: We were able to recover to 7600 sat / GHS but now hit a really bad block finding luck wall. Incoming big red blocks have the price plummeting again.