When should I sell my Bitcoin Mining hardware? Bitcoin Mining Hardware Resale Value vs Projected Return

It’s interesting to look back at these “old” numbers from November 2013!

20140605-062924.jpg

altoidnerd science

If you have any questions about this process, you can contact me with the form below!  Happy mining. 

In general, the profit margin for miners becomes slimmer through time as the competition to break into bitcoin mining increases and the barriers to entry are higher than ever.  Customers have in general had poor experiences with ASIC manufacturers who have delivered the mining products late, making the hardware purchase a net loss for the investor.  The situation is not so grim for the miner, however, because the bitcoin price and price velocity are as high as they have ever been, and are not showing signs of flinching.

Despite the apparent victory for the miner when the price rises, it is a common misconception that a positive return of investment can be saved for a poor mining hardware purchase if the bitcoin price rises enough.  This is not actually true – well…

View original post 1,579 more words

http://www.phys.ufl.edu/~majewski/

Tagged with: , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Bitcoin, Electronics and Engineering, Physics and Mathematics, Stuff

comment on this post

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

“recent” posts
%d bloggers like this: