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RE: Ever wanted to own a Bitcoin & Ethereum ATM?

in #bitcoin • 7 years ago (edited)

I think the idea is brilliant and I believe it is possible to make a profit with this device, but you have to be extremely competent to run one properly and profitably. Bleeding edge technology (which this is) tends to be too expensive and a potential technical maintenance nightmare. My prognosis: wait until v2.0

7 years ago in #bitcoin by
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     7 years ago 

    Good advice, never buy the first generation iPhone, VR headset or bitcoin atm. (I'm a sucker. I got the Samsung generation one VR headset bleh!)

    The ATM's are running for around 11k USD with shipping. (So add on your import duties, maintenance fee, real estate in a shopping mall and not to mention all the other hidden costs.) Your probably right.

    But how much does a normal ATM cost to buy and install or maintain these days? They make a killing! In Sydney private ATM's are charging $2.50AUD a transaction!

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