Post
Topic
Board Mining speculation
Re: Was this a good deal? (ASIC Purchase)
by
GunXpatriot
on 14/12/2014, 13:11:47 UTC
No, I totally got what you were saying. And it's true, I know from experience! You guys remember in... May, June, etc? I was just wanting to get into mining with an Antminer S1. They were going for like 260-300 for just the S1 unit... And this is an aggravating story to tell, but... I had won an Antminer in an Ebay auction. As it turned out, the guy was talking about how he didn't have the unit on hand... I ended up getting a refund, but if you broke down the price of the unit, the difficulty, and the price of BTC, I'd have been way ahead right now. At this point, I've only just about broken even on the unit, because I got one a month later at the same price. I'd have well over 1 BTC now, whereas I've only got about .70. But it's not too big a deal.

Anyway, what you can get out of that story is, you can buy old hardware at the *right* time and get a great deal. And still make well over ROI in a reasonable amount of time, if everything is going right.



But as a counter to that... I'm guessing a lot of you guys are using Ebay to purchase hardware? I'm about to contact Ebay on the issue (heh good luck there) but what has been your experience with winning an auction, then having it canceled by the seller? Could I fight it? I mean, I doubt they'd be able to get through to some Chinese reseller.

Why I'm asking, is... I was bidding on a bunch of units for a low price, hoping I could actually get one. You know, sometimes you get lucky on an auction? Anyway, I believe my closing bid was maybe $250, $300 on an Antminer S4. To come in January. Yeah, no joke. Anyway, It showed that I was the highest bidder, but the item was deleted. I guess they felt they didn't get the right price. Which I'd agree with. Granted, if that's what they wanted, they'd have set a reserve price? Is there any way to fight that in you guys' experience? I don't want to sound like an opportunistic cheat, but honestly, that's what you get when you post an auction with no reserve...

:/