The Crypto Mining Thread

because I've used wootware a lot, and was ordering the same identical products from them in the space of a few days and noticed it, then 1 month later I was ordering again and their prices were up again and again....

Ohhhhh so if everyone is jumping on the bandwagon then its ok? that doesn't make sense.

You are not understanding the pricing, read my message higher up. My current stock in my warehouse cost me R1m and I sell it for R1.5m, I make 50%. When I order again the supplier was now R1.1m.. so I now added 50% to that and sell it on etc etc.. I can't add that 50% onto my old original stock which I bought for R1m, that's dishonest. Only after I've sold my original stock do I then put the pricing up.
 
stock went from R11,999 to R19,999 (marked down to R15,000 on special) in the space of 2 months, I just checked 5min ago... and that's just the first item I had saved. Madness. Yet other items are the same price, weird.
 
ricardo12 said:
because I've used wootware a lot, and was ordering the same identical products from them in the space of a few days and noticed it, then 1 month later I was ordering again and their prices were up again and again....

Ohhhhh so if everyone is jumping on the bandwagon then its ok? that doesn't make sense.

You are not understanding the pricing, read my message higher up. My current stock in my warehouse cost me R1m and I sell it for R1.5m, I make 50%. When I order again the supplier was now R1.1m.. so I now added 50% to that and sell it on etc etc.. I can't add that 50% onto my old original stock which I bought for R1m, that's dishonest. Only after I've sold my original stock do I then put the pricing up.
Click to expand...
Dishonest?

Last I checked we in a capitalist society.

Boils down to willing buyer willing seller.

You might not like it but that's business for you.
 
ricardo12 said:
stock went from R11,999 to R19,999 (marked down to R15,000 on special) in the space of 2 months, I just checked 5min ago... and that's just the first item I had saved. Madness. Yet other items are the same price, weird.
Click to expand...
Welcome to the world of running a business.

We buy hundreds of thousands of Euros worth of stock sometimes.

Exchange rate borks between the time we buy and the time we pay (30d). We carry that loss.

That is the way it is.
 
netstrider said:
Welcome to the world of running a business.

We buy hundreds of thousands of Euros worth of stock sometimes.

Exchange rate borks between the time we buy and the time we pay (30d). We carry that loss.

That is the way it is.
Click to expand...
You really shouldn't. That's not business it's charity.
You should be pricing based on value /competition not cost.
 
richjdavies said:
You really shouldn't. That's not business it's charity.
You should be pricing based on value /competition not cost.
Click to expand...
There are three distributors in RSA for this product.

We are one of them.

You price in exchange rate fluctuations into the price you sell at.

Sometimes you lose, sometimes you win.

Most distributors add R1 at least to rate of exchange.
 
oh please. I select product XYZ from manufacturer, I select quantity of 100 @ $100, I pay. It arrives a month later and I add my mark up and sell. I don't care what the exchange rate has done in the 30 days as I have already paid 30 days ago, it has NOT effected my purchase in any way. The NEXT purchase from yourself at the manufacturer may be at a different exchange rate, then you adjust.

BUT, you are adjusting the prices the NEXT day after a purchase! That is only because a customer purchased the product.

Oh look, you JUST adjusted the price of a GPU by R2,000 from yesterday from a so called special? Then a PSU by R9,00 I guess this stock must have been purchased at a lower price right and magically arrived in 5min.. yet a HDD hasn't changed price in over a year.. hmmm

yeah yeah yeah

PS: I just bought 250 submersible water pumps for irrigation yesterday from China on Ali, selected, paid, etc etc. All done. I already know today what I will sell those pumps for in SA even though they are only arriving in 4 weeks time. If the ZAR/USD tanks, I don't care, if the pump manufacturer doubles his price, I don't care.. I have already paid everything yesterday. I don't change my prices on THIS order. The NEXT order is a different story and so the price fluctuates up or down.
 
Wrath of Khan said:
oh please. I select product XYZ from manufacturer, I select quantity of 100 @ $100, I pay. It arrives a month later and I add my mark up and sell. I don't care what the exchange rate has done in the 30 days as I have already paid 30 days ago, it has NOT effected my purchase in any way. The NEXT purchase from yourself at the manufacturer may be at a different exchange rate, then you adjust.

BUT, you are adjusting the prices the NEXT day after a purchase! That is only because a customer purchased the product.

Oh look, you JUST adjusted the price of a GPU by R2,000 from yesterday from a so called special? Then a PSU by R9,00 I guess this stock must have been purchased at a lower price right and magically arrived in 5min.. yet a HDD hasn't changed price in over a year.. hmmm

yeah yeah yeah

PS: I just bought 250 submersible water pumps for irrigation yesterday from China on Ali, selected, paid, etc etc. All done. I already know today what I will sell those pumps for in SA even though they are only arriving in 4 weeks time. If the ZAR/USD tanks, I don't care, if the pump manufacturer doubles his price, I don't care.. I have already paid everything yesterday. I don't change my prices on THIS order. The NEXT order is a different story and so the price fluctuates up or down.
Click to expand...
You don't always pay up front. You factor in the ROE at the time you pay, which is usually 30 days after purchase for many businesses.

ABC buys from XYZ.
ABC installs equipment and gets paid thereafter. ABC has 30 days to pay XYZ.
XYZ imports and pays EFG also 30 days after.

Only cash accounts have to pay up front.
 
for a business paying a client in SA yes, the 30 days is very common.

but not for an overseas supplier who is sending you your goods. I can't order R10m worth of computer parts and tell the supplier I'll pay you in a months time, but please ship them anyway.. unless you're very friendly with them like a family business on both ends.
 
can anyone solve this issue:

6 card mining rig, one car will always go haywire and not listen to MSI Afterburner, power suddenly goes to 198w and temps obviously through the roof.. all other cards running perfectly. The 6 cards all start out perfect, then one just decides to go bonkers. Sometimes the rig will run perfect for days... then out of the blue poof one card says howzit and goes mad. Restart the pc and back to normal. All the latest drivers are installed, I even just cloned another identical rigs HDD and still its doing it. Using Nbminer 40.1, but I've tried it on 39.7, 39.6 and its still doing it..

Very weird
 
Wrath of Khan said:
can anyone solve this issue:

6 card mining rig, one car will always go haywire and not listen to MSI Afterburner, power suddenly goes to 198w and temps obviously through the roof.. all other cards running perfectly. The 6 cards all start out perfect, then one just decides to go bonkers. Sometimes the rig will run perfect for days... then out of the blue poof one card says howzit and goes mad. Restart the pc and back to normal. All the latest drivers are installed, I even just cloned another identical rigs HDD and still its doing it. Using Nbminer 40.1, but I've tried it on 39.7, 39.6 and its still doing it..

Very weird
Click to expand...
If you have multiple cards in a rig. It would be better to run a mining OS such as HiveOS. Windows is kak at handling anything over 2 cards
 
I was looking at HiveOS. Do you pay $3 month per rig? What is a worker.. is that a card or a rig?
I have 3 complete separate rigs with 6 cards each, so 18 cards..
 
myself and 4 “affiliates” (downlines) have been waiting for our ‘free’ hotspot miners from iHub Global since Sept 2021, so either ICASA confiscated them as soon as they arrived in the country or iHub Global is still working through their USA supply chain backlog before sending anything outside the USA.

In the meantime, is anyone mining MYST (Mysterium) tokens here in SA yet?


nice explantion here by NetworkChuck:



see also:




 
Do you guys prefer doing business through an online store or with a person with regards to buying hardware for crypto? Even though the warranties are exactly the same
 
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