Bitcoin Forum

I remember a few weeks ago they were around $8 - $10 each.. Now on ebay they are over $50!!
What's going on? Why people are paying so much for them now?

i bought one for £19 and sold it for £60 xD

Yeah I noticed that today. Has tripled in price is just 2 weeks...

I bought one at 13.99 a month ago, think I should sell it now...

BTC triples in price, so hardware tied to btc price will also triple in price (ASICminer products are bought using only BTC from mfg).  simple enough...

That is pretty crazy, I guess we are seeing the smallest micro-unit of that. The effect of mining equipment prices going up in a similar proportion to Bitcoin prices.

Though I note that the higher-end rig prices have not caught up yet?

Rigs that were $2k last month are still $2k this month from what I can see...

because those rigs aren't tied to btc prices.  they accept BTC for payment, but the btc is immediately exchanged for fiat.  ASICminer transacts in btc only, which is why their hardware went up in price.

Upside for them to earn more in the chance.

Fair point, very interesting. Though I think the Block Erupters on eBay aren't tied to BTC either/take BTC as payment, but they have gone up hugely in price...

The crazy thing is that people are actually paying these prices. let see what things look like in a couple weeks if the exchange rate keeps dropping.

It's simple, people on ebay are morons.

Assuming BTC stay's at 1000, and assuming the difficulty doesnt increase at all...

You can generate $7 a month.....

So they are buying them now for 60-70$.. 10 months to break even..

They simply don't understand how miner's work. Same reason people are renting out 24hr's of mining for STUPID rates. Can't make what your paying for your rent. lol

BTC wave has hit the moronic public ;)

Looks like buying and selling USB erupter is better then buying BTC itself :)

It is complicated and scary to buy your first BTC but people want a part of the action. Those people are comfortable with eBay and they understand Paypal. Buying a miner off eBay to mine some BTC rather than having to send ID and real money to what seems like a dodgy website in some other country to buy BTC seems like a good option. That's how I started. I was then lucky enough to get in on the last GB for Erupters and have made far more reselling them on eBay than I ever would have mining with them. If ASICMiner were still producing them they would be selling for only $10 on eBay now. It's just supply and demand.

Where is a good place to buy some cheap USB eruptors other than ebay? No way im paying that price.

Here?

Amazingly it took 11 posts before someone nailed it.

Lol

It's like anything else, people get complacent..

A flyer advertises cheap lettuce, so people go there for the lettuce, and also buy the tomato, not realizing they have the most expensive tomato's.

Ebay is the same way. everyone just assumes it's the cheapest. ( I order a lot of smaller crap off there lol)

But in need items, such as these, get jacked, and ignorant ebayer's just assume they are cheap :)

Did the hash rate it outputs magically tripple as well?

How many do you want? I have a spare few lying around (I bought them for 1 BTC each - what a deal!). Anyway they aren't running, I guess I'd like them put to use.

See what price people pay for hardware on Bitcointalk?  People on Bitcointalk are morons, too. :)

I dont understand who is buying it, price /ghs right now is around 10 dollar, so a great price for an erupter should be 3-4 dollar. :)

Most people are very, very bad at math.

Life like that. That said I really should sell my two erupters. They basically don't make enough bitcoin to keep them powered.

Most people know very little

Bitcoin = Money = Miner

The math to said equation however eludes them lol

I think most people miss the ever increasing difficulty factor.  I've paid as much as $20 and as little as $5 for block erupters.  I have 100 cranking away along with some Blades.  I've made my investment back but now that I'm in the profiet area the difficultly is so high I'm making 45% of what I was just six weeks ago.

I wonder what I could get for a 100 stick mine turn key?

If you were to list them on EBay Germany, you'd end up with approx. 5000-8000$ within days o.0
At least here, practical non-availability of literally anything at reasonable prices is what is making people buy it for "too much" (lacking alternatives, count me into that group :p )

What I also see lacking is "in-between" performing hardware, it's either the old hardware or buying big into Mar/Apr 2014 stuff with unknown outcome. Inbetween, there's a hughe gap.