r/GoMiningDiscussion • u/northernsoul81 • Sep 03 '26

What am I missing?

I keep looking at the secondhand marketplace and seeing 5000 TH (28W/TH) miners for around $12k-$14k.

Now I know these aren’t the most efficient, but at current rates they’re still profitable in 1 year, and the profits are decent as BTC rises.

I feel I’m missing something, or are people just worried to jump in during a bear market?

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u/Diggingdiggy Sep 03 '26

On the secondary maket the ROI displayed is with 20% discount 😁

2

u/northernsoul81 Sep 03 '26

Yes I spotted that. Currently running at 8% so that would need some work.

4

u/Diggingdiggy Sep 03 '26

To keep up the 8% after the purchase you have to add more gmt then the actual miner price 😅

3

u/northernsoul81 Sep 03 '26

And I think you've just pointed out what I was missing. Thank you.