Quote from: OgNasty on June 29, 2021, 08:11:59 PM

Quote from: Equilux on June 29, 2021, 01:05:10 PM

Hi!

OgNasty, how do you see the recent developments around to huge amount of Chinese hashpower quitting and selling their gear?

Do you see this as a buying opportunity for Nastyfans to get some mining equipment?

Cheers!

There’s a huge amount of gear going offline and coming online again. Most of the operations are relocating or selling massive amounts of gear to large entities, so I think the opportunity will be limited to miners getting a couple weeks of low difficult rewards.

With BTC prices having dropped nearly 50% so quickly, I’d personally rather be a seller than a buyer of anything priced in USD right now.

I also don’t think we’ve dabbled in used equipment before and with the rate of failure we’ve seen in new equipment, buying used stuff now seems like a risk as you’d likely get the stuff the big companies thought was in too bad of shape to sell to their large partners.

Thanks for your reply!
Those sound like reasonable considerations.