News Walmart Sellers Now Listing $6,000 Bitcoin Mining Machines

[Admin]

Merchants have taken to Walmart to sell off their Bitcoin ASIC miners.

Walmart Sellers Now Listing $6,000 Bitcoin Mining Machines : Read more

 

[peachpuff]

"It'll take roughly 13 years to recover your $6,000 investment."

Why even make these? Seems pointless.

 

[USAFRet]

"It'll take roughly 13 years to recover your $6,000 investment."

Why even make these? Seems pointless.

When these were designed and built, it would not have taken that long.

Degree of Difficulty has changed.

 

[BillyBuerger]

The last time bitcoin was tanking and things were cheap, I picked up a Bitmain APW3++ power supply for a decent price. Not for bitcoin mining but just as a general purpose 12V power source. I set it up in my garage to power some car audio amplifiers and such. Just checked ebay and some are going for < $50 again.

 

[carljr77]

Points that may be worth covering in the article:

1. Miners produce a lot of heat, making them an interesting option for someone wanting a heater during the winter that can potentially pay for itself.
2. The price of Bitcoin has increased in halving cycles, where it typically strikes new highs, then drops back to the quarterly moving average(which we are currently on now). Most miners try to use these cycles to accrue BTC during bear markets and sell it off during bull runs.

 

[daworstplaya]

Hopefully nobody spends their real money, on these machine that add to the destruction of the climate, just to try to mint monopoly money.

 

[ex_bubblehead]

Fair warning. Keep the politics and off topic bickering out of these threads. Some posts have already crossed the line and been removed. Any more of it and this thread will be closed and sanctions handed out. This is the only warning that will be issued.

 

[Sippincider]

"It'll take roughly 13 years to recover your $6,000 investment."

With that kind of outlook I'd rather get into real mining. Or maybe farming.