Bitcoin Forum

Bitcoin => Hardware => Topic started by: friedcat on May 04, 2013, 01:39:52 PM



Title: [Announcement] Block Erupter USB
Post by: friedcat on May 04, 2013, 01:39:52 PM
Introduction

The Block Erupter USB series is the second major product of Bitfountain. Its experimental batch (Emerald) has passed all tests. Each one mines at more than 300MH/s, powered only by the USB port.

It serves as a replacement of GPUs for mining hobbyists. Your GPUs could be freed from calculating hashes and resume rendering for you. It is also a perfect gift for getting people knowing about Bitcoin and Bitcoin mining.

The Emerald Batch

12 in total. Used for internal testing/profiling and gifts for developers.

The Sapphire Batch

This is the first batch under production in quantity. Its lead-time is conservatively 15-20 days.

Pictures

Four types of front-case:
http://i42.tinypic.com/bhx7wo.jpg

Gallaries made by users:
http://i.imgur.com/s0dzfQ3.jpg

http://i.imgur.com/BJCe9a0.jpg

http://i.imgur.com/zxTApt3.jpg

http://i.imgur.com/6Kg7Zxa.jpg

http://s11.postimg.org/4q4ow7wcj/20130606_002151.jpg

Changes and Improvements
Color of PCB changed to blue
Adding a LED which blinks when a share is found
Fixing the cgminer compatibility problem
Reducing the heat generated and the current to <500mA

This batch will be for group-buy and retailers. The quantity of each order should be more than 300 devices. The price is fixed at 1.99 BTC. We will start the group-buy threads as fixed-price auctions in the auction subforum. When your order is fulfilled you could pay and ask for refund anytime before the tracking number is generated (trackable on internet). After shipping we do not refund, but still guarantee a six-month warranty of free replacement like our blades. However the replacement should also come in batch (10 at one time).

Interested purchasers could contact me even before the group-buy threads are created. :)


Title: Re: Block Erupter USB
Post by: friedcat on May 04, 2013, 01:40:23 PM
* Shipping is free.

* cgminer with windows now works (even with the emerald batch).

* Furthermore, the sapphire batch will have much better appearance on the heatsink side.


Title: Re: [Announcement] Block Erupter USB
Post by: Transisto on May 04, 2013, 01:44:19 PM
Nice ;)

This thing is very good for bitcoin, The low barrier of entry factor help spur adoption.


Title: Re: [Announcement] Block Erupter USB
Post by: novusordo on May 04, 2013, 01:44:25 PM
http://www.reactiongifs.com/wp-content/uploads/2013/04/conan_thank-you.gif


Title: Re: [Announcement] Block Erupter USB
Post by: TheSpiral on May 04, 2013, 01:46:19 PM
Beautiful.


Title: Re: [Announcement] Block Erupter USB
Post by: silverston on May 04, 2013, 01:56:11 PM
if I order 300 pieces, how much will it cost with shipping to Estonia?


Title: Re: [Announcement] Block Erupter USB
Post by: 237 on May 04, 2013, 01:57:18 PM
This shows again how skilled the guys at Asicminer are.

It's very well priced so it isn't unfair for the buyers OR the shareholder (maximising earnings).

The min. order amount makes it uncomplicated for AM and opens a nice retailer market with good competition.


Title: Re: [Announcement] Block Erupter USB
Post by: apetersson on May 04, 2013, 02:02:07 PM
pm sent.


Title: Re: [Announcement] Block Erupter USB
Post by: candoo on May 04, 2013, 02:03:52 PM
beautiful !!


Title: Re: [Announcement] Block Erupter USB
Post by: SebastianJu on May 04, 2013, 02:07:52 PM
This batch will be for group-buy and retailers. The quantity of each order should be more than 300 devices. The price is fixed at 1.99 BTC. We will start the group-buy threads as fixed-price auctions in the auction subforum.

Hm... i thought these would be good for people with small wallets. Is it the work included to ship many single units or why it the minimum quantity to order 300 units? I thought the shipping is excluded anyway? If its the auction that would become a problem because of to many bids then maybe some website script could be used to automate this. A min of 300 means probably a couple thousand units to be sold. A person couldnt handle it but an automated script could do.

Of course groupbuyers will start new auctions with their batch and start selling to smaller buyers. Is the missed earning worth the work or isnt their missed earning at all?

Im not sure what to think about.


Title: Re: [Announcement] Block Erupter USB
Post by: friedcat on May 04, 2013, 02:15:07 PM
This batch will be for group-buy and retailers. The quantity of each order should be more than 300 devices. The price is fixed at 1.99 BTC. We will start the group-buy threads as fixed-price auctions in the auction subforum.

Hm... i thought these would be good for people with small wallets. Is it the work included to ship many single units or why it the minimum quantity to order 300 units? I thought the shipping is excluded anyway? If its the auction that would become a problem because of to many bids then maybe some website script could be used to automate this. A min of 300 means probably a couple thousand units to be sold. A person couldnt handle it but an automated script could do.

Of course groupbuyers will start new auctions with their batch and start selling to smaller buyers. Is the missed earning worth the work or isnt their missed earning at all?

Im not sure what to think about.
The internet shipping and the replacement service of retailed sales will take too much portion in the total value of one device. The shipping/support could only be done in batch to be efficient and practical. The retailers/groupbuyers could save a lot of money when the distribution targets are within the same country.


Title: Re: [Announcement] Block Erupter USB
Post by: friedcat on May 04, 2013, 02:15:51 PM
if I order 300 pieces, how much will it cost with shipping to Estonia?
Free, just like the blades.


Title: Re: [Announcement] Block Erupter USB
Post by: nebulus on May 04, 2013, 02:15:59 PM
About time!


Title: Re: [Announcement] Block Erupter USB
Post by: aahzmundus on May 04, 2013, 02:21:48 PM
Sooo... how many Sapphire unites are being produced?


Title: Re: [Announcement] Block Erupter USB
Post by: friedcat on May 04, 2013, 02:23:32 PM
Sooo... how many Sapphire unites are being produced?
More than 10k raw PCBs are under production. How many will be assembled should depend on the demands.


Title: Re: [Announcement] Block Erupter USB
Post by: btceic on May 04, 2013, 02:31:41 PM
@friedcat, thanks for doing all of this work, the community really appreciates it, I am interested in purchasing 2 of these, however I have exactly 0 bitcoins, what are the chances that we will be able to purchase these in USD?


Title: Re: [Announcement] Block Erupter USB
Post by: yxt on May 04, 2013, 02:32:17 PM
great work!

I would prefer a batch without led.
The first few days certainly nice to see. But who needs a disco on usb port  ;)


Title: Re: [Announcement] Block Erupter USB
Post by: rammy2k2 on May 04, 2013, 02:35:03 PM
so minimum order is 300 pieces ?  :o


Title: Re: [Announcement] Block Erupter USB
Post by: maxmint on May 04, 2013, 02:36:12 PM
That's awesome news! Added the USB miner to my list at http://minr.info/


Title: Re: [Announcement] Block Erupter USB
Post by: dunand on May 04, 2013, 02:36:54 PM
1.99BTC for 300MH/s

I will bang my head on the wall if someone ask: "Why are they selling it when they could mine themselves?"


Title: Re: [Announcement] Block Erupter USB
Post by: Vicus on May 04, 2013, 02:37:12 PM
so minimum order is 300 pieces ?  :o
Yes. 90Gh :) Will be funny to power up it all :)


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 04, 2013, 02:38:40 PM
fixed price of 1.99 btc per unit? as a shareholder, i can embrace this. as a miner with barely 330 mhash and less then 1 btc, i am saddened.


Title: Re: [Announcement] Block Erupter USB
Post by: DeanC on May 04, 2013, 02:42:44 PM
We can make it quick and simple:
"Why are they selling it when they could mine themselves?"
Because they have a lot of those. They can do whatever they want.


Title: Re: [Announcement] Block Erupter USB
Post by: wsoei on May 04, 2013, 02:43:35 PM
Its really awesome to see history in the making.


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 04, 2013, 02:47:08 PM
Its really awesome to see history in the making.

truth...


Title: Re: [Announcement] Block Erupter USB
Post by: Wepp on May 04, 2013, 02:50:57 PM
fixed price of 1.99 btc per unit? as a shareholder, i can embrace this. as a miner with barely 330 mhash and less then 1 btc, i am saddened.

+1


Title: Re: [Announcement] Block Erupter USB
Post by: Silfax on May 04, 2013, 02:51:28 PM
I would really like to get a hold of one of these - two questions:

Would it run on a Raspberry Pi?

What if I would only like 1-2? Am I screwed?

Thanks.


Title: Re: [Announcement] Block Erupter USB
Post by: cypherdoc on May 04, 2013, 02:54:08 PM
that's extraordinary.


Title: Re: [Announcement] Block Erupter USB
Post by: needbmw on May 04, 2013, 02:58:04 PM
friedcat,

Will you sell chips like Avalon?


Title: Re: [Announcement] Block Erupter USB
Post by: turtle83 on May 04, 2013, 02:59:41 PM
Would it run on a Raspberry Pi?
I don't see why not. My goal is to run it on raspi
What if I would only like 1-2? Am I screwed?

Small ppl like us we need to wait for the retail sellers (or group buy arrangements).


Title: Re: [Announcement] Block Erupter USB
Post by: erschiessen on May 04, 2013, 03:00:40 PM
Awesome product.
Unfortunately, your price point is, to be blunt, retarded.


Title: Re: [Announcement] Block Erupter USB
Post by: Xialla on May 04, 2013, 03:04:21 PM
Awesome product.
Unfortunately, your price point is, to be blunt, retarded.


yes, and also minimum 300pcs/order is little bit stupid.) I expect, that it is final product, not like ASIC chips, so don't see any reason, why it will be send in hundreds per order.

10pcs minumum and price about 1BTC and you will have huge demand. your terms only leads to group buy and resending units between forum members.

otherwise, don't think, that you will be successful with you current policy.



Title: Re: [Announcement] Block Erupter USB
Post by: rxw on May 04, 2013, 03:05:43 PM
Awesome product.
Unfortunately, your price point is, to be blunt, retarded.


What a convincing argument you've made, thanks for your wonderful contribution to this thread


Title: Re: [Announcement] Block Erupter USB
Post by: Xialla on May 04, 2013, 03:07:39 PM
Awesome product.
Unfortunately, your price point is, to be blunt, retarded.


What a convincing argument you've made, thanks for your wonderful contribution to this thread

he is right..stop trolling and tell us, why you think that it is good pricing/selling model (300pcs/order) - for end-user device.


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 04, 2013, 03:08:16 PM
i get what the goal is: wholesale to others who will then sale at "retail." that's a perfectly reasonable thing and the 300 minimum order isn't a big deal. avalon's chips are 10,000 chips minimum order, after all. same thing.

now, the 1.99 btc price? that's an entirely different matter. even with immediate delivery vs. waiting months, 300 mhash vs 5 ghash (and whatever power difference) is an obvious choice, and it's not in AM's favor.


Title: Re: [Announcement] Block Erupter USB
Post by: John (John K.) on May 04, 2013, 03:11:37 PM
i get what the goal is: wholesale to others who will then sale at "retail." that's a perfectly reasonable thing and the 300 minimum order isn't a big deal. avalon's chips are 10,000 chips minimum order, after all. same thing.

now, the 1.99 btc price? that's an entirely different matter. even with immediate delivery vs. waiting months, 300 mhash vs 5 ghash (and whatever power difference) is an obvious choice, and it's not in AM's favor.

It still makes sense when you factor in how much FOGA's been going currently.


Title: Re: [Announcement] Block Erupter USB
Post by: gigabytecoin on May 04, 2013, 03:13:42 PM
Congrats on getting them released! I have been waiting for this post for some time now. Mainly because I heard a rumour that you would be charging ~$40 per miner.

The pricing is the biggest disappointment for myself personally.

At 1.99 BTC, and a conservative estimate of 20M difficulty over the next year, it will take me 352 days to recoup the 1.99 BTC cost.

It difficulty averages 40M during that time, it will take two years to recoup your investment.


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 04, 2013, 03:19:44 PM
i get what the goal is: wholesale to others who will then sale at "retail." that's a perfectly reasonable thing and the 300 minimum order isn't a big deal. avalon's chips are 10,000 chips minimum order, after all. same thing.

now, the 1.99 btc price? that's an entirely different matter. even with immediate delivery vs. waiting months, 300 mhash vs 5 ghash (and whatever power difference) is an obvious choice, and it's not in AM's favor.

It still makes sense when you factor in how much FOGA's been going currently.
assuming you mean FPGA john, then yea, this is true. but that's not longer the compare point, is it? bfl's shipping, slowly, yes, but shipping. thus those are a competing option, just with a waiting list. also there's the huge number of avalon chips which have been sold. supposedly those will be shipping by june, with DIY or other hardware being made by forum members (burnin comes to mind) ready to go quickly after that. FPGA's aren't a relevant comparison anymore.


Title: Re: [Announcement] Block Erupter USB
Post by: muyuu on May 04, 2013, 03:21:30 PM
+1 Interested.

I'd rather participate in a group buy from the UK than getting 300 units for myself. But I can pony up the 600 BTC if nobody joins.

It also depends on the expected delivery date though. Difficulty is going nowhere but up.

Considering that, the price point might be too steep soon.


Title: Re: [Announcement] Block Erupter USB
Post by: plectrum on May 04, 2013, 03:27:54 PM
First congratulations these devices look great and in a word ... cute.  But I agree with others about the price point, I thought people were over bidding for the blades.  I have a bigger problem with the cute USB dongle.  I am looking more for a blade or a big box that really pumps the hashes out.  What are people going to do, try and have 30+ of these hanging off a PC?  It is almost as if the USB dongles are meant for 'casual' miners to just plug in their laptop while they are on the go.


Title: Re: [Announcement] Block Erupter USB
Post by: bigbeninlondon on May 04, 2013, 03:29:01 PM
Awesome product.
Unfortunately, your price point is, to be blunt, retarded.


Well, considering that a video card that makes 300 MH/s is about $150 right now (My XFX 6870 from eBay used cost me $70), I'd say it's a little hefty in the price range.  What does one of these draw?  I'm assuming about 5 or 6 watts vs a video card's 100 or so?  Big difference.

I'd like two; someone please point me in the right direction for participating in a group buy and I'm there.


Title: Re: [Announcement] Block Erupter USB
Post by: bigbeninlondon on May 04, 2013, 03:30:19 PM
First congratulations these devices look great and in a word ... cute.  But I agree with others about the price point, I thought people were over bidding for the blades.  I have a bigger problem with the cute USB dongle.  I am looking more for a blade or a big box that really pumps the hashes out.  What are people going to do, try and have 30+ of these hanging off a PC?  It is almost as if the USB dongles are meant for 'casual' miners to just plug in their laptop while they are on the go.

I'm trying to get an avalon blade through one of the group buys for chips; but this seems like something you can have for the novelty of it.  Plug one in your laptop while surfing the net; adding 1/3 GH/s is laudable, plus it takes (I assume) very little power.


Title: Re: [Announcement] Block Erupter USB
Post by: leroy_k on May 04, 2013, 03:34:40 PM
Can you use a USB 3 connector to allow for the extra power draw, or is the increase in cost (I assume USB3 connectors > USB2) not worth it?


Title: Re: [Announcement] Block Erupter USB
Post by: John (John K.) on May 04, 2013, 03:37:16 PM
i get what the goal is: wholesale to others who will then sale at "retail." that's a perfectly reasonable thing and the 300 minimum order isn't a big deal. avalon's chips are 10,000 chips minimum order, after all. same thing.

now, the 1.99 btc price? that's an entirely different matter. even with immediate delivery vs. waiting months, 300 mhash vs 5 ghash (and whatever power difference) is an obvious choice, and it's not in AM's favor.

It still makes sense when you factor in how much FOGA's been going currently.
assuming you mean FPGA john, then yea, this is true. but that's not longer the compare point, is it? bfl's shipping, slowly, yes, but shipping. thus those are a competing option, just with a waiting list. also there's the huge number of avalon chips which have been sold. supposedly those will be shipping by june, with DIY or other hardware being made by forum members (burnin comes to mind) ready to go quickly after that. FPGA's aren't a relevant comparison anymore.
Yep, FPGA. Take a look at this: https://bitcointalk.org/index.php?topic=187549.0 - FPGA's going like hot cakes now. (I remember seeing a group buy for that - it was filled to 100+ units in a couple of days)


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 04, 2013, 03:41:17 PM
i get what the goal is: wholesale to others who will then sale at "retail." that's a perfectly reasonable thing and the 300 minimum order isn't a big deal. avalon's chips are 10,000 chips minimum order, after all. same thing.

now, the 1.99 btc price? that's an entirely different matter. even with immediate delivery vs. waiting months, 300 mhash vs 5 ghash (and whatever power difference) is an obvious choice, and it's not in AM's favor.

It still makes sense when you factor in how much FOGA's been going currently.
assuming you mean FPGA john, then yea, this is true. but that's not longer the compare point, is it? bfl's shipping, slowly, yes, but shipping. thus those are a competing option, just with a waiting list. also there's the huge number of avalon chips which have been sold. supposedly those will be shipping by june, with DIY or other hardware being made by forum members (burnin comes to mind) ready to go quickly after that. FPGA's aren't a relevant comparison anymore.
Yep, FPGA. Take a look at this: https://bitcointalk.org/index.php?topic=187549.0 - FPGA's going like hot cakes now. (I remember seeing a group buy for that - it was filled to 100+ units in a couple of days)

i hadn't seen that thread. interesting. thanks.


Title: Re: [Announcement] Block Erupter USB
Post by: bitfair on May 04, 2013, 03:47:31 PM
Awesome product.
Unfortunately, your price point is, to be blunt, retarded.


Well, considering that a video card that makes 300 MH/s is about $150 right now (My XFX 6870 from eBay used cost me $70), I'd say it's a little hefty in the price range.  What does one of these draw?  I'm assuming about 5 or 6 watts vs a video card's 100 or so?  Big difference.

I'd like two; someone please point me in the right direction for participating in a group buy and I'm there.

You people should really stop keep justifying high prices for the new ASICs products by comparing them with old technologies.

Exactly. It should only be compared to existing technologies that are currently shipping. Oh wait - that's FPGAs and graphics cards!  :o


Title: Re: [Announcement] Block Erupter USB
Post by: Caesar V on May 04, 2013, 03:47:34 PM
This is amazing, looks so simple!

I agree with the others about the high price and the required units one must purchase, it is not very flexible at all.  ???

But can a hero member start a "group buy" thread please?


Title: Re: [Announcement] Block Erupter USB
Post by: bitfair on May 04, 2013, 03:54:04 PM

Exactly. It should only be compared to existing technologies that are currently shipping. Oh wait - that's FPGAs and graphics cards!  :o

Yes, you can still buy/use GPU, but think about the future.
Compare them with other ASICs.

My point exactly: other ASIC manufacturers have a backlog that means your device will probably not be shipped before August - if you are lucky. Many people are willing to pay a little extra for a device that ships earlier.


Title: Re: [Announcement] Block Erupter USB
Post by: erschiessen on May 04, 2013, 03:56:58 PM
I can mine LTC or FC with GPUs... there are also the designed non-cryptocurrency applications.

These doodads, can they mine LTC?

Nope.

If you want to pay 2BTC for something that will cost $25 in a couple of months, that's cool.



Title: Re: [Announcement] Block Erupter USB
Post by: runeks on May 04, 2013, 04:01:57 PM
We can make it quick and simple:
"Why are they selling it when they could mine themselves?"
Because they have a lot of those. They can do whatever they want.
I think they are selling them because mining with it themselves is completely useless. This is obviously not for large-scale mining.

Congrats on getting them released! I have been waiting for this post for some time now. Mainly because I heard a rumour that you would be charging ~$40 per miner.

The pricing is the biggest disappointment for myself personally.

At 1.99 BTC, and a conservative estimate of 20M difficulty over the next year, it will take me 352 days to recoup the 1.99 BTC cost.

It difficulty averages 40M during that time, it will take two years to recoup your investment.
The current 14-day average increase in hash rate is 1% per day (http://bitcoin.sipa.be/). If this rate of growth continues, these devices will only ever mine 1.5 BTC.

[...]
Would it run on a Raspberry Pi?
[...]
You will most likely need a powered USB hub for your Pi. The Pi itself is powered by a micro USB cable, so it depends on how much power your USB adapter powering the Pi puts out.

Awesome product.
Unfortunately, your price point is, to be blunt, retarded.


[...]
10pcs minumum and price about 1BTC and you will have huge demand. your terms only leads to group buy and resending units between forum members.
[...]
I believe this is exactly what they want. They're a company that produces mining hardware. How many hardware companies do you know that sell directly to consumers?

Well, considering that a video card that makes 300 MH/s is about $150 right now (My XFX 6870 from eBay used cost me $70), I'd say it's a little hefty in the price range.  What does one of these draw?  I'm assuming about 5 or 6 watts vs a video card's 100 or so?  Big difference.
They will draw no more than 2.5W (maximum for USB 2.0 devices as per the specification)


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 04, 2013, 04:04:50 PM
group buy thread for those interested: https://bitcointalk.org/index.php?topic=195052.0


Title: Re: [Announcement] Block Erupter USB
Post by: SebastianJu on May 04, 2013, 04:05:03 PM
This batch will be for group-buy and retailers. The quantity of each order should be more than 300 devices. The price is fixed at 1.99 BTC. We will start the group-buy threads as fixed-price auctions in the auction subforum.

Hm... i thought these would be good for people with small wallets. Is it the work included to ship many single units or why it the minimum quantity to order 300 units? I thought the shipping is excluded anyway? If its the auction that would become a problem because of to many bids then maybe some website script could be used to automate this. A min of 300 means probably a couple thousand units to be sold. A person couldnt handle it but an automated script could do.

Of course groupbuyers will start new auctions with their batch and start selling to smaller buyers. Is the missed earning worth the work or isnt their missed earning at all?

Im not sure what to think about.
The internet shipping and the replacement service of retailed sales will take too much portion in the total value of one device. The shipping/support could only be done in batch to be efficient and practical. The retailers/groupbuyers could save a lot of money when the distribution targets are within the same country.

Ok, i guess you thought this trough good enough. Of course wholesale has to work another way. I only thought that, in case you make the buying fully automated and outsource the shipping (while the buyer pays the shippingcost + envelope + the fee for the packer) it shouldnt mean much work. The support will most probably go mostly to asicminer anyway.
But i think it will work out.

great work!

I would prefer a batch without led.
The first few days certainly nice to see. But who needs a disco on usb port  ;)

I think it should be easy to kill the led by yourself. Maybe even make it a service as a retailer. When the buyer wants no led you kill it.

Awesome product.
Unfortunately, your price point is, to be blunt, retarded.


What a convincing argument you've made, thanks for your wonderful contribution to this thread

he is right..stop trolling and tell us, why you think that it is good pricing/selling model (300pcs/order) - for end-user device.

Its a business you know? So its very easy? If no one buys the price has to go down. Simply as that. But these claims, that it will be too expensive came up all the time. In reality there always were people that bought for these prices.

I can mine LTC or FC with GPUs... there are also the designed non-cryptocurrency applications.

These doodads, can they mine LTC?

Nope.

If you want to pay 2BTC for something that will cost $25 in a couple of months, that's cool.

Why do you have to mine litecoins? Currently they have an advantage of 33% against bitcoin mining. But freicoin has an advantage of 147% against bitcoin mining. And that is SHA-256. So there are even better alternatives to mine with asics than litecoin.


Title: Re: [Announcement] Block Erupter USB
Post by: philips on May 04, 2013, 04:06:00 PM

My point exactly: other ASIC manufacturers have a backlog that means your device will probably not be shipped before August - if you are lucky. Many people are willing to pay a little extra for a device that ships earlier.

Yep, obviously, like demonstrated by those Blades auctions.
Still, a GPU performance/price compared with an ASIC is not sufficient to justify the price.
ASIC is a new world, screw GPUs.


Title: Re: [Announcement] Block Erupter USB
Post by: furuknap on May 04, 2013, 04:10:02 PM
Keep in mind that the difficulty could easily pass 100M by August and that makes those 5 GH/s the equivalent of 500 MH/s by then. 300 MH/s in hand today (or next week) is more valuable than 5 GH/s in a few months.

Yeah, this is an argument against BFL more than it is an argument for Bees, but it's wrong to compare a 5 GH promise to a 0.3 GH delivery.

.b


Title: Re: [Announcement] Block Erupter USB
Post by: yxt on May 04, 2013, 04:12:57 PM
Quote
I think it should be easy to kill the led by yourself. Maybe even make it a service as a retailer. When the buyer wants no led you kill it.

I've killed all led in my reach. From sat receiver over PC to smartphone dock... ;)


Title: Re: [Announcement] Block Erupter USB
Post by: brucemangy on May 04, 2013, 04:16:53 PM
Keep in mind that the difficulty could easily pass 100M by August.

I bet NOT.

BFL : delivery in high number ? before AUGUST. NOK
AVALON : batch 2 is late. batch 3 ? there will be no batch 4. NOK
Avalon chip : might deliver. but get those chip running. NOK
ASICMiner : they will keep increasing the size of their farm. I believe they are responsible for that continuous increase. I do not have all the history. they are a 15 TH/s ? out of the 70 of the network ?
more GPU ? possible ... but summer is coming :>

it's not gonna happen


Title: Re: [Announcement] Block Erupter USB
Post by: CryptoCurrencyMiners on May 04, 2013, 04:18:05 PM
Looks great! I might be interested in buying 300 of these, and selling them over at CCM.


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 04, 2013, 04:18:16 PM
when i get one, i'm totally gonna use it for a silly, silly purpose, besides mining:

get a little arduino or something and a light sensor, then design and have 3d printed (i do that...) a litle "statue" of a robot mining a pixelated rock face or something. when x number of shares have been found (and detected by the light sensor) the statue would run a little animation.

i'm such a dork.

also: as to the current total mhash of AM - i think it just passed 17th.


Title: Re: [Announcement] Block Erupter USB
Post by: rograz on May 04, 2013, 04:25:53 PM
I can buy a 5870 used (100ish usd), get 300 MH/s out of it at low enough voltage to power it for a year at less than 200 usd total cost. That's with paying 0.15 usd/KWh, a 5870@0.9V pulls around 65-70W at the wall while giving 280-300MH. Also I could probably get 50-75 bucks for the card a year from now.

This product is great for the network and decentralization, it's quite a bad investment however. It definitely has it's place in the market and I want a few to give away to friends, just don't expect to profit from them any time soon, if ever ;D


Title: Re: [Announcement] Block Erupter USB
Post by: sunblaster on May 04, 2013, 04:35:21 PM
Suddenly the 10ghs blade at 50btc looks like a good deal ;D


Title: Re: [Announcement] Block Erupter USB
Post by: gog1 on May 04, 2013, 04:35:52 PM
Not expert in logistics, but wouldn't it be a problem clearing custom if you are to receive 300 units for the buyer?  Anyone has any comments.


Title: Re: [Announcement] Block Erupter USB
Post by: jerethdaminer on May 04, 2013, 04:44:19 PM
interesting for hobbyist but a 10 piece minimum is a bit much for only 3g/h still slightly lower price and order req or an ebay store /front end for singles might do it id buy 3 as i like the idea but couldnt manage 10


Title: Re: [Announcement] Block Erupter USB
Post by: SebastianJu on May 04, 2013, 04:52:18 PM
Quote
I think it should be easy to kill the led by yourself. Maybe even make it a service as a retailer. When the buyer wants no led you kill it.

I've killed all led in my reach. From sat receiver over PC to smartphone dock... ;)

 :o Why is that?


Title: Re: [Announcement] Block Erupter USB
Post by: jdebunt on May 04, 2013, 05:02:34 PM
would be interested, not at that price point though, fixed at 1.99 can be 250$ today, perhaps 500$+ in a month,....

fix it at a USD or EUR price :)


Title: Re: [Announcement] Block Erupter USB
Post by: BlackPrapor on May 04, 2013, 05:06:20 PM
Cool device, but 2btc for auction? I'd imagine the first batch to be around 3-4btc per item.


Title: Re: [Announcement] Block Erupter USB
Post by: muyuu on May 04, 2013, 05:10:58 PM
would be interested, not at that price point though, fixed at 1.99 can be 250$ today, perhaps 500$+ in a month,....

fix it at a USD or EUR price :)

Buy the BTC now, and that's the price fixed for you.


Title: Re: [Announcement] Block Erupter USB
Post by: yxt on May 04, 2013, 05:14:27 PM
Quote
I think it should be easy to kill the led by yourself. Maybe even make it a service as a retailer. When the buyer wants no led you kill it.

I've killed all led in my reach. From sat receiver over PC to smartphone dock... ;)

 :o Why is that?

because I need no fucking bright standby led on each device i have . Just annoys me

but now back OT


Title: Re: [Announcement] Block Erupter USB
Post by: JimiQ84 on May 04, 2013, 05:14:37 PM
Cool device, but 2btc for auction? I'd imagine the first batch to be around 3-4btc per item.

fixed price auction (everyone just pledges how many pieces he will take)


Title: Re: [Announcement] Block Erupter USB
Post by: Socket54 on May 04, 2013, 05:20:19 PM
Awesome product.
Unfortunately, your price point is, to be blunt, retarded.


I was really looking forward to these, but i have got to admit you are right.

At almost the same price give or take a few for a BFL jalapeno, i would rather go there and wait.



Title: Re: [Announcement] Block Erupter USB
Post by: PeZ on May 04, 2013, 05:24:41 PM
At 1.99 BTC, and a conservative estimate of 20M difficulty over the next year, it will take me 352 days to recoup the 1.99 BTC cost.
Yep...pricing has turned this into a impractical novelty item.


Title: Re: [Announcement] Block Erupter USB
Post by: Melbustus on May 04, 2013, 05:26:27 PM
...
At 1.99 BTC, and a conservative estimate of 20M difficulty over the next year, it will take me 352 days to recoup the 1.99 BTC cost.

It difficulty averages 40M during that time, it will take two years to recoup your investment.


I love the bitcoin investment community, where a 2yr payback is considered terrible... Most investments are no-brainer good deals if the payback is under 10yrs, without lots of risk.

There's obviously plenty of exchange-rate risk with bitcoin, but who cares since these are fully denominated in btc.

The real risk is that difficulty rises faster than you assume, which I think is a distinct possibility.


Title: Re: [Announcement] Block Erupter USB
Post by: CoinHoarder on May 04, 2013, 05:27:33 PM
It is getting somewhat disgusting how greedy ASICMINER is.

I hope their 99999 Th farm catches on fire.

Jeez.. was that too harsh? Oh well..  :-X


Title: Re: [Announcement] Block Erupter USB
Post by: furuknap on May 04, 2013, 05:29:03 PM
It is getting somewhat disgusting how greedy ASICMINER is.

I hope their 99999 Th farm catches on fire.

Jeez.. was that too harsh? Oh well..  :-X

Greed countered with bile. Oh, this is going to be a fun family dinner :-)

.b


Title: Re: [Announcement] Block Erupter USB
Post by: Socket54 on May 04, 2013, 05:40:09 PM
They're a public company. They need the profits to appease their shareholders.

You're probably not going to be making back anything if you do end up buying these USB ASICs. Considering you'll need to connect them to a computer also, whilst powered on 24/7, that's another extra cost to think about. What may sound like a 1 year ROI will eventually turn into negative.

Buy for the novelty, not for the profits.

I bought a miniature bottle of ocean sand for 5 bucks on a recent vacation, and they threw in a colorful hermit shell for free.

Does that count?


Title: Re: [Announcement] Block Erupter USB
Post by: ecliptic on May 04, 2013, 05:53:42 PM
Hm, wonder how this compares in $/hashrate and BTC/hashrate compared to even avalon batch #3


Title: Re: [Announcement] Block Erupter USB
Post by: Wesly on May 04, 2013, 06:09:55 PM
i get what the goal is: wholesale to others who will then sale at "retail." that's a perfectly reasonable thing and the 300 minimum order isn't a big deal. avalon's chips are 10,000 chips minimum order, after all. same thing.

now, the 1.99 btc price? that's an entirely different matter. even with immediate delivery vs. waiting months, 300 mhash vs 5 ghash (and whatever power difference) is an obvious choice, and it's not in AM's favor.

It still makes sense when you factor in how much FOGA's been going currently.
assuming you mean FPGA john, then yea, this is true. but that's not longer the compare point, is it? bfl's shipping, slowly, yes, but shipping. thus those are a competing option, just with a waiting list. also there's the huge number of avalon chips which have been sold. supposedly those will be shipping by june, with DIY or other hardware being made by forum members (burnin comes to mind) ready to go quickly after that. FPGA's aren't a relevant comparison anymore.
Yep, FPGA. Take a look at this: https://bitcointalk.org/index.php?topic=187549.0 - FPGA's going like hot cakes now. (I remember seeing a group buy for that - it was filled to 100+ units in a couple of days)

One of the main reasons why FPGA is more valuable is because they are re-programmable and can be used for other purpose after their bitcoin mining useful ends (development board, mine other alt coins) versus ASIC is designed specifically to mine bitcoin and will be trashed after its useful ends, which ironically might be less than 1 year if ASICMiner sells tons of ASIC devices.  Perhaps that's why they are trying to sell them for as much as they can get now, because the more they sell, the less valuable they are.  This is also why graphic cards are better investment.  I recently bought two 7790 cards for $150 each - $30 free game code I sold = $120 each.  They are hashing at almost 300 Mh/s (295) overclocked to 1200 Mhz on default voltage, power draw is 100 Watts.  In 1 month, I earned 1 BTC, which is almost enough to pay for one of the 7790 card.  After one year, I should still be able to sell the cards for at least $70 each, so I have already achieved 100% ROI in 1 month!


Title: Re: [Announcement] Block Erupter USB
Post by: Wesly on May 04, 2013, 06:14:25 PM
1.99BTC for 300MH/s

I will bang my head on the wall if someone ask: "Why are they selling it when they could mine themselves?"

It actually makes perfect sense: "Why would they brother with the logistic (setup, pay for power/space/maintenance) to mine themselves if they can receive instant 1-2 years worth of bitcoin mining from people who can't do or don't care about math?"  In another words, why would anybody in their right mind turn down collecting 1-2 years worth of salary in advance today?  Especially when you tells them in 1-2 years you will either be out of a job or your salary will be 1% of what you will be earning today for doing the same task (300Mhz ASIC useful ends or difficulty increase 100 times in 1-2 years)?


Title: Re: [Announcement] Block Erupter USB
Post by: Anenome5 on May 04, 2013, 06:22:22 PM
Awesome product.
Unfortunately, your price point is, to be blunt, retarded.

Indeed, these numbers (http://tpbitcalc.appspot.com/?difficulty=10076292.8834&hashrate=300.00&exchangerate=112.00&bitcoinsperblock=25.00&rigcost=222.00&powerconsumption=0.50&powercost=0.20&investmentperiod=365) make no sense. ROI after 132 days? And that's at today's diff. I'm having trouble understanding why any of you are excited, but I guess you must be Asicminer shareholders.


Title: Re: [Announcement] Block Erupter USB
Post by: BBQKorv on May 04, 2013, 06:25:07 PM
Oh, this is maybe the best effort so far to allow new miners to start mining with reasonably cheap and easy hardware.

I might just get few of those to give out to friends and family. Excellent way to spread this cyptocoin "virus"  ;D


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 04, 2013, 06:26:30 PM
Oh, this is maybe the best effort so far to allow new miners to start mining with reasonably cheap and easy hardware.

I might just get few of those to give out to friends and family. Excellent way to spread this cyptocoin "virus"  ;D

i don't know man, i don't generally give out things worth a couple hundred bucks...


Title: Re: [Announcement] Block Erupter USB
Post by: Anenome5 on May 04, 2013, 06:30:12 PM
Yep, FPGA. Take a look at this: https://bitcointalk.org/index.php?topic=187549.0 - FPGA's going like hot cakes now. (I remember seeing a group buy for that - it was filled to 100+ units in a couple of days)
I guess if you can't get your hands on an ASIC then this (FPGA and this USB miner) would certainly be better than GPU mining right now... But this price is well, well above wholesale. Someone said these lot sizes would be for resale? Don't see how. Wholesale on these devices would be more like $40, retail ~$100. Retail would be at least 60% markup. I see no room at all for markup in these, so these are retail priced for end-users now. Which makes the buy size of 300 a bit odd. Even at $100 you're talking two-months ROI minimum at current price and difficulty.

But here's the crazy part, I bet people will buy these all up even at these prices.


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 04, 2013, 06:33:06 PM
Yep, FPGA. Take a look at this: https://bitcointalk.org/index.php?topic=187549.0 - FPGA's going like hot cakes now. (I remember seeing a group buy for that - it was filled to 100+ units in a couple of days)
I guess if you can't get your hands on an ASIC then this (FPGA and this USB miner) would certainly be better than GPU mining right now... But this price is well, well above wholesale. Someone said these lot sizes would be for resale? Don't see how. Wholesale on these devices would be more like $40, retail ~$100. Retail would be at least 60% markup. I see no room at all for markup in these, so these are retail priced for end-users now. Which makes the buy size of 300 a bit odd. Even at $100 you're talking two-months ROI minimum at current price and difficulty.

But here's the crazy part, I bet people will buy these all up even at these prices.

course the wholesale price would depend on cost to manufacture., which we don't know. but yea... wholesale for .5 btc, retail around 1 btc or thereabouts? heck, even wholesale at 1 btc... significant difference.



Title: Re: [Announcement] Block Erupter USB
Post by: ThickAsThieves on May 04, 2013, 06:36:30 PM
It's also possible that all this added mining difficulty contributes to the price of BTC/USD going up. This would make mining bitcoins specifically more valuable than altcoins, and hashpower more valuable.

Just adding another angle for y'all to chew on...


Title: Re: [Announcement] Block Erupter USB
Post by: gmouse on May 04, 2013, 06:40:46 PM
The real value in this device is being able to show your grandchildren, 50 years from now, "This is the gadget that really started the 99% revolution..."


Title: Re: [Announcement] Block Erupter USB
Post by: 2weiX on May 04, 2013, 06:43:23 PM
At 1BTC a pop I could finally see some use for my active 12port USB hub^^


Title: Re: [Announcement] Block Erupter USB
Post by: Anenome5 on May 04, 2013, 06:45:02 PM
The real value in this device is being able to show your grandchildren, 50 years from now, "This is the gadget that really started the 99% revolution..."
So, novelty value. Meh. I'm not into mining just to say I was into mining. It's a shame they aren't producing a price competitive device.


Title: Re: [Announcement] Block Erupter USB
Post by: SebastianJu on May 04, 2013, 06:50:24 PM
It is getting somewhat disgusting how greedy ASICMINER is.

I hope their 99999 Th farm catches on fire.

Jeez.. was that too harsh? Oh well..  :-X

If its not your price then simply dont buy. I mean thats a company that wants to make money. They arent supposed to give them away for nearly free like avalon is doing it. Where afterwards the buyer put the miner on ebay and make a fortune out of it.
Plus... if you guys dont buy it because of the price... others will buy it. Theres no one forcing anyone to buy. But there are plenty of people that buy avalons for a fortune on ebay or buy fpgas for much money even though its relatively clear that the roi wont come to them.
So its pointless to demand a lower price. No one is crying about apple selling their iphone for much money. One can buy Android instead or dont buy. But to await that apple drops the price? Im not sure why it happens here. Im relatively sure the product will sell. If not the price has to drop. Simple as that...


Title: Re: [Announcement] Block Erupter USB
Post by: Newar on May 04, 2013, 06:52:38 PM
It's also possible that all this added mining difficulty contributes to the price of BTC/USD going up. This would make mining bitcoins specifically more valuable than altcoins, and hashpower more valuable.

Just adding another angle for y'all to chew on...
Here's another: 1.99 is not that expensive if you had mined them. Depending on your rig etc. that's what? A couple of days of electricity?


Title: Re: [Announcement] Block Erupter USB
Post by: wrenchmonkey on May 04, 2013, 07:03:01 PM
It's also possible that all this added mining difficulty contributes to the price of BTC/USD going up. This would make mining bitcoins specifically more valuable than altcoins, and hashpower more valuable.

Just adding another angle for y'all to chew on...
Here's another: 1.99 is not that expensive if you had mined them. Depending on your rig etc. that's what? A couple of days of electricity?

Except that this seems to be more geared toward n00bs and casual miners. Meaning 2 BTC is a stupid price. Realistically, it should be 25%-50% of that cost to make it worth the cost.

at .5BTC, I'd buy several. At 2btc I'll buy zero...


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 04, 2013, 07:05:07 PM
It's also possible that all this added mining difficulty contributes to the price of BTC/USD going up. This would make mining bitcoins specifically more valuable than altcoins, and hashpower more valuable.

Just adding another angle for y'all to chew on...
Here's another: 1.99 is not that expensive if you had mined them. Depending on your rig etc. that's what? A couple of days of electricity?

Except that this seems to be more geared toward n00bs and casual miners. Meaning 2 BTC is a stupid price. Realistically, it should be 25%-50% of that cost to make it worth the cost.

at .5BTC, I'd buy several. At 2btc I'll buy zero...

at .5 btc i'd buy two now, and use the profits from them (and my other mining) to buy more later, then use the combined profit from, say, a dozen of them over time to buy AM blades. as it stands, it's not financially viable to follow that plan.


Title: Re: [Announcement] Block Erupter USB
Post by: DPoS on May 04, 2013, 07:12:44 PM
This isn't about high ROI guys.. that is a moving target anyway.

ROI seekers can build their own from ASIC chips. R&D and production still cost you know!!


Since I am running a ModMiner I would love to add these to my old p4 rig with it.

I'd buy 4 right now ~ can you ship?   ;D





Title: Re: [Announcement] Block Erupter USB
Post by: GodHatesFigs on May 04, 2013, 07:13:55 PM
These will take 4 months to achieve ROI at current difficulty. I'm all for distributing the network, and this is the future, but any thinking investor is better off just buying BTC right now.


Title: Re: [Announcement] Block Erupter USB
Post by: noedaRDH on May 04, 2013, 07:14:17 PM
I don't have enough USB ports to power 300 of these at once.


Title: Re: [Announcement] Block Erupter USB
Post by: Newar on May 04, 2013, 07:14:54 PM
Except that this seems to be more geared toward n00bs and casual miners. [...]
friedcat says it should be a replacement for GPU hobbyists. Did somebody do the actual math for that? Hash for hash, electricity cost included?

He also mentions this to be a gift to spread the word about BTC. My guess is, this is where the old-timers with mined BTC come in the equation.


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 04, 2013, 07:15:25 PM
I don't have enough USB ports to power 300 of these at once.

heheheh... that'd be one heck of a set up.


Title: Re: [Announcement] Block Erupter USB
Post by: vivabitcoin on May 04, 2013, 07:16:19 PM
This looks awesome, can't wait to get my hands on it! 2BTC might be a bit of a high price, what with the recent shipping of BFL... At a lower price I would be more inclined to actually give these to friends, get them to start mining.


Title: Re: [Announcement] Block Erupter USB
Post by: GodHatesFigs on May 04, 2013, 07:16:54 PM
It's also possible that all this added mining difficulty contributes to the price of BTC/USD going up.

How many times must this be addressed? Network security aside, price drives difficulty; NOT the other way round. The cost theory of value is false.


Title: Re: [Announcement] Block Erupter USB
Post by: muyuu on May 04, 2013, 07:23:23 PM
Is this price definitive or can we have a Dutch auction? : :)


Title: Re: [Announcement] Block Erupter USB
Post by: cryptodrifter on May 04, 2013, 07:29:12 PM
Hmmm interesting! Definitely will keep tabs on this


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 04, 2013, 07:31:59 PM
Is this price definitive or can we have a Dutch auction? : :)

well, i THINK friedcat and co haven't seen the majority of this thread yet, given it's like 3:30 am in shenzen. so, what their response is will, i think, be very telling.


Title: Re: [Announcement] Block Erupter USB
Post by: rxw on May 04, 2013, 07:35:24 PM
Awesome product.
Unfortunately, your price point is, to be blunt, retarded.


What a convincing argument you've made, thanks for your wonderful contribution to this thread

he is right..stop trolling and tell us, why you think that it is good pricing/selling model (300pcs/order) - for end-user device.

Sorry for the late reply... admittedly, I haven't been following the hardware scene for a while, but it seems to me these compete pretty well with GPUs. They're a little more expensive than a GPU that will do 300 MH, but because they draw much less power, you'll be able to run them for much longer than a gpu without worrying about electricity costs (assuming these are pretty reliable)

As for the 300 min order count, I assume that's just so ASICminer can continue focusing on developing chips rather than selling and marketing them. Shouldn't be too hard to get one of these with a group buy- what's the issue?


Title: Re: [Announcement] Block Erupter USB
Post by: Joshster on May 04, 2013, 07:37:13 PM
They are awesome, I really want one.


Title: Re: [Announcement] Block Erupter USB
Post by: DPoS on May 04, 2013, 07:41:49 PM
I like it..  I'll buy 4 no problem.

People forget that the 10Gh boards sold on auctions of 75btc and then ~50btc

so these fall into the middle price of that

Everyone is in envy of the 1st batch Avalon ROI like that is some benchmark for everything else.. that was a first mover price with lots of risk that they avoided

Then you have the people that gave BFL money last June..  so what was their ROI? 11 months of nothing added to whenever they get their miner going.
My little ModMiner might take 6-8 months to get the 8btc I spent on it but that is still quicker than those bets.

so stop with these fictional high ROI's that have no real comparison



Title: Re: [Announcement] Block Erupter USB
Post by: 2weiX on May 04, 2013, 07:44:33 PM
Is this price definitive or can we have a Dutch auction? : :)

well, i THINK friedcat and co haven't seen the majority of this thread yet, given it's like 3:30 am in shenzen. so, what their response is will, i think, be very telling.

DUCH AUCTION FTW


Title: Re: [Announcement] Block Erupter USB
Post by: stenkross on May 04, 2013, 07:50:04 PM
As a small time miner, these are perfect!
Today I have 3 GPU's making a lot of noise, selling them off and buy a couple of these babies is something I would definitely do!
I can't buy 300 though, but 3-5 would work.


Title: Re: [Announcement] Block Erupter USB
Post by: jspielberg on May 04, 2013, 07:57:25 PM
So... they are meant to compete with GPUs?

The same GPUs that everyone is saying will be obsolete and will be leaving the mining market for litecoin?

I think the serious miners would rather take the 2 BTC...
1.3Btc on 16 avalon chips...
.1BTC on BKKCoin's PCB
~.6BTC on a fab to assemble
 
and have 4.5 GHs  for the same price (albeit in Sept or Oct).
I venture to say... it would be better to have 4.5Ghs in October than 300Mhs in mid May.

I think this will do well with the well heeled old coin crowd who likes the idea of novelty items.  Call me skeptical but I think that is a small market.

Good luck to AsicMiner though... they have been on a roll lately


Title: Re: [Announcement] Block Erupter USB
Post by: inglian on May 04, 2013, 07:59:24 PM
I've killed all led in my reach. From sat receiver over PC to smartphone dock... ;)
:o Why is that?

Oh, but if they are bright blue LEDs, especially if they flash, then that's really cool. Circuit designers had to wait so long for blue LEDs to become cheap that we should be happy to get as many of them as possible, per dollars spent on electronics.


Title: Re: [Announcement] Block Erupter USB
Post by: 2weiX on May 04, 2013, 08:03:01 PM
cant i p2p-pool with this and earn some altcoins as i go?


Title: Re: [Announcement] Block Erupter USB
Post by: LordTheron on May 04, 2013, 08:07:36 PM
Its great but at 2 btc each its well overpriced. I would  get 10-20 at 1btc or maybe a bit more but at the current price it  feels like not a good deal. I get all the arguments about it being portable, nice looking and drawing less power, but that doesn't  justify the 2btc price in my opinion. I don't think that all the components and that tiny pcb cost more than $30-$40 to put together, its very likely its way below that so again I cant justify 2btc price tag. It would be nice if AM could rethink their pricing. That is just my opinion.


Title: Re: [Announcement] Block Erupter USB
Post by: DPoS on May 04, 2013, 08:12:36 PM

I think this will do well with the well heeled old coin crowd who likes the idea of novelty items.  Call me skeptical but I think that is a small market.

Good luck to AsicMiner though... they have been on a roll lately

Did you see how much the 10Gh auctions went for?

These will have higher supply, but an easier acceptance threshold so a wider potential of adopters

Let's see how the first group buy goes.  ASICminer isn't trying to be a wholesaler here, they have their shareholders.. so consider this a retail price.

 


Title: Re: [Announcement] Block Erupter USB
Post by: DPoS on May 04, 2013, 08:15:33 PM
Its great but at 2 btc each its well overpriced. I would  get 10-20 at 1btc or maybe a bit more but at the current price it  feels like not a good deal. I get all the arguments about it being portable, nice looking and drawing less power, but that doesn't  justify the 2btc price in my opinion. I don't think that all the components and that tiny pcb cost more than $30-$40 to put together, its very likely its way below that so again I cant justify 2btc price tag. It would be nice if AM could rethink their pricing. That is just my opinion.

everyone is thinking of themselves as the only buyer.. lol

yes a ton of people would go after these at .5-1btc which would drive the price up right?

My only criticism is that ASICminer should ship small orders directly at this price, not force a big groupbuy.  This is a retail price and should be handled as such.



Title: Re: [Announcement] Block Erupter USB
Post by: noedaRDH on May 04, 2013, 08:30:25 PM
2BTC for 300MH is still too much, even for the average geek who are not expected to be too deep into mining... 2BTC is 200 bucks for a tiny 300mh unit.

If it was 30 or 40 bucks for 300MH, then that would make more sense, for the casual user and those who want to really get into mining. I don't expect some random kid with a macbookpro to drop 200-300bucks for something like this.


Title: Re: [Announcement] Block Erupter USB
Post by: DPoS on May 04, 2013, 08:33:49 PM
2BTC for 300MH is still too much, even for the average geek who are not expected to be too deep into mining... 2BTC is 200 bucks for a tiny 300mh unit.

If it was 30 or 40 bucks for 300MH, then that would make more sense, for the casual user and those who want to really get into mining. I don't expect some random kid with a macbookpro to drop 200-300bucks for something like this.

I guess I am going to lose this mind war

You do know that ROI on mining is a moving target right??  this is not some mp3player

if it was as cheap as you say right now, it would be sold out in minutes.. so what does that tell you?  Raise the price.
ASICminer is making profit for their shareholders.   I think this price is fine IF they ship small orders directly to buyers.


Title: Re: [Announcement] Block Erupter USB
Post by: dogie on May 04, 2013, 08:37:11 PM
I don't see this making sense for consumers, only ASICMiner. I bought my 10-12GH [call it 10] blades at 50.5 [call it 50], and they consume 70-85W [call it 100]. Assume lock in btc @ $100. Great density, low additional costs and IMMEDIATE global shipping.
So my blades were 2MH/$
And were 100MH/W

These USB miners are ~3W, 300MH, 2btc, low density.
1.5MH/$
And 100MH/W

So these USB miners aren't far off the blades in value, however their density isn't great. The shipping time will really effect the profitability, and I'm only expecting these blades to hit ROI after ~250 days. Total realistic ROI of 140% after 2 years.


Title: Re: [Announcement] Block Erupter USB
Post by: Pinwheel on May 04, 2013, 08:45:27 PM
I don't see this making sense for consumers, only ASICMiner. I bought my 10-12GH [call it 10] blades at 50.5 [call it 50], and they consume 70-85W [call it 100]. Assume lock in btc @ $100. Great density, low additional costs and IMMEDIATE global shipping.
So my blades were 2MH/$
And were 100MH/W

These USB miners are ~3W, 300MH, 2btc, low density.
1.5MH/$
And 100MH/W

So these USB miners aren't far off the blades in value, however their density isn't great. The shipping time will really effect the profitability, and I'm only expecting these blades to hit ROI after ~250 days. Total realistic ROI of 140% after 2 years.

only one thing you forget, minimum buy is 300 and it is 570 btc, at current rate btc @100 usd it is 57000 usd.

Still cost less then GPU farms


Title: Re: [Announcement] Block Erupter USB
Post by: Isokivi on May 04, 2013, 08:49:11 PM

This batch will be given away to miners, fans and hardware/software developers made the assignments to us long before. It has some issues working with cgminer, but the modular python miner works fine. We will fix this in the first mass production batch (Sapphire). It also exceeds a bit of the USB spec of max current (560mA vs <500mA), but in our experiment most devices (PC, laptop) could power it up.

I would like to suggest that you should consider sending some units to DrHaribo, the pool op of bitminter. He has from time to time partnered with vendors to raffle off goods in "mint races". I myself donated my goods to one such event. He has developed the by far the most easy to use mining software, the bitminter java client. He would undoutably whip up support for the units in said client.


Title: Re: [Announcement] Block Erupter USB
Post by: wknight on May 04, 2013, 09:02:39 PM


This batch will be given away to miners, fans and hardware/software developers made the assignments to us long before. It has some issues working with cgminer, but the modular python miner works fine. We will fix this in the first mass production batch (Sapphire). It also exceeds a bit of the USB spec of max current (560mA vs <500mA), but in our experiment most devices (PC, laptop) could power it up.



Id like to post this up on http://www.btcmu.info as a little article.


Title: Re: [Announcement] Block Erupter USB
Post by: optimator on May 04, 2013, 09:03:50 PM
For ROI calculations, I ignore the exchange rate and use this simplified formula - It's not exact, but it's a quick way to do it:

Cost = 1.99 btc

Network Hash Rate = 78,000 Gh/s

My hash rate = .3 Gh/s

My Share of the Network = .3 / 78,000

Blocks found / day = 144

Block Reward = 25

Therefore, i will earn:

.3 / 78,000 * 144 * 25 = 0.013846154 BTC / day.

My ROI in days:

ROI (in days) = 1.99 / 0.013846154 = 144 days. about 4 3/4 months.

This doesn't consider an increase in network hash rate, which I estimate will cut profits in half every month until October. Considering difficulty increases the ROI is a little longer than 1 year.

This seems about right for retail cost, it seems a bit expensive at wholesale. Ideally, I'd like to see about a 1.5 btc wholesale cost.


Title: Re: [Announcement] Block Erupter USB
Post by: QuantumQrack on May 04, 2013, 09:05:24 PM
Poetry:

Stupid Name
Stupid Price
A Gee Whiz Device

A Fool sees it
Says, "I gotta have it.."
He would do better giving the BTC to Pirate.*

*Pirateat40


Title: Re: [Announcement] Block Erupter USB
Post by: DPoS on May 04, 2013, 09:14:36 PM

This seems about right for retail cost, it seems a bit expensive at wholesale. Ideally, I'd like to see about a 1.5 btc wholesale cost.


Can we get ASICminer to comment on either lowering the bulk 300 price or shipping small orders directly to users?




Title: Re: [Announcement] Block Erupter USB
Post by: zapeta on May 04, 2013, 09:16:03 PM
Poetry:

Stupid Name
Stupid Price
A Gee Whiz Device

A Fool sees it
Says, "I gotta have it.."
He would do better giving the BTC to Pirate.*

*Pirateat40

Brilliant!


Title: Re: [Announcement] Block Erupter USB
Post by: Melbustus on May 04, 2013, 09:43:43 PM
I don't see this making sense for consumers, only ASICMiner
....
Total realistic ROI of 140% after 2 years.


Put that into perspective. If you were to buy stock of a mature company (zero growth potential) that just paid out say, an 8% dividend, that'd probably be considered a really good deal. And it would take more than 12 years to get 100% ROI.

These devices seem nicely priced. Yes, it's aggressive relative to ROI numbers that have been achieved in the past with some bitcoin investments, but you guys have to acknowledge that the space is maturing, and that means longer payback periods (but hopefully less risk too). Furthermore, AM delivers; the risk with them is one of the lowest in the bictoin space.

So, while I wish they were cheaper for selfish reasons, I do think they'll sell at this price. If not, I'm sure AM will drop the price until they do sell.


Title: Re: [Announcement] Block Erupter USB
Post by: adamthefishman on May 04, 2013, 09:57:32 PM
Cool.

Let me know whom I can buy some off retail.


Title: Re: [Announcement] Block Erupter USB
Post by: BlackLilac Grant on May 04, 2013, 10:00:43 PM
2BTC for 300MH is still too much, even for the average geek who are not expected to be too deep into mining... 2BTC is 200 bucks for a tiny 300mh unit.

If it was 30 or 40 bucks for 300MH, then that would make more sense, for the casual user and those who want to really get into mining. I don't expect some random kid with a macbookpro to drop 200-300bucks for something like this.

I guess I am going to lose this mind war

You do know that ROI on mining is a moving target right??  this is not some mp3player

if it was as cheap as you say right now, it would be sold out in minutes.. so what does that tell you?  Raise the price.
ASICminer is making profit for their shareholders.   I think this price is fine IF they ship small orders directly to buyers.



You're exactly right.

I posted this in a group-buy thread, but since I think so highly of my own opinion I'll quote it here:

You can put me down for 10 in your group buy. I am also buying 300 myself for re-sale.

These are the devices that are going to keep Bitcoin decentralized. If we end up with ASICMINER doing all the hashing themselves, maybe competing with a few other massive farms, the entire P2P concept is out the window.

These allow the average user to keep mining Bitcoin with their personal computers. Selling 10,000 of these will put 3,000,000 MH/s back in the hands of the small-time miners and hobbyists, and more importantly keep them out of the hands of centralized farms and large corporations. BTC will be almost useless if all the mining becomes centralized.

People who think that an investment paying off in 10-12 months is terrible are delusional. Take your chances with BFLs $200 5 GH vapourware, see how that works out for you. You won't have it by Christmas if you order today. Meanwhile, myself and everyone I know will be plugging in these bad boys before JUNE.   8)

Those who were hoping to pay $50 and make a massive profit instantly... I don't feel sorry for you. That's not how business works. ASICMINER doesn't need to sell these for what they earn in two months because they aren't trying to get pre-orders to fund their project... they have already done that and are ready to ship. There is no risk for the end customer, they will get their 300 MH/s right away.

If you wanted to make 10x returns on your BTC, you should have taken the risk and invested in ASICMINER's IPO. You can't expect a successful company to give away products for far less than what people are willing to pay for them.


Also, I fail to understand anyone doing calculations that involve a BTC exchange rate. These are priced in Bitcoins, and they earn Bitcoins. The BTC/USD price fluctuations shouldn't make a difference.


Title: Re: [Announcement] Block Erupter USB
Post by: Bogart on May 04, 2013, 10:07:27 PM
I would really like to get a hold of one of these - two questions:

Would it run on a Raspberry Pi?

What if I would only like 1-2? Am I screwed?

Thanks.

I understand the Pi has issues delivering a full 500mA on its USB port, so you will probably need to use a powered USB hub, or need to modify the Pi to fix its power delivery issue.

Otherwise I don't see why it wouldn't work.


Title: Re: [Announcement] Block Erupter USB
Post by: Bogart on May 04, 2013, 10:16:03 PM
People who think that an investment paying off in 10-12 months is terrible are delusional.

This right here.

Sometimes I think some of these ppl have never been off the internet and seen what things are like in the real world.


Title: Re: [Announcement] Block Erupter USB
Post by: seleme on May 04, 2013, 10:16:59 PM
Cool device to have as collectable item. If I had lot of coins I'd definitely buy one for myself.

Out of that, who in the right mind would pay that money for it..

Quote
These are the devices that are going to keep Bitcoin decentralized. If we end up with ASICMINER doing all the hashing themselves, maybe competing with a few other massive farms, the entire P2P concept is out the window.

These allow the average user to keep mining Bitcoin with their personal computers. Selling 10,000 of these will put 3,000,000 MH/s back in the hands of the small-time miners and hobbyists, and more importantly keep them out of the hands of centralized farms and large corporations. BTC will be almost useless if all the mining becomes centralized.

Lol, people can buy graphic card at same dollar/mhash point and keep the bitcoin mining decentralized yet they all or most of them got away from mining bitcoins with cards weeks ago. And card at least have some other use too and can be sold.

It's pathetic price and only who could defend it are those who usually defend AM prices - their shareholders. And even more pathetic than price is when they try to convince people it's cool and bargain with pathetic arguments like one I've quoted above.





Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 04, 2013, 10:21:09 PM

This seems about right for retail cost, it seems a bit expensive at wholesale. Ideally, I'd like to see about a 1.5 btc wholesale cost.


Can we get ASICminer to comment on either lowering the bulk 300 price or shipping small orders directly to users?

they're probably barely waking, if at all. timezones and such.


to anyone in the US or canada looking for a group buy, see my thread. https://bitcointalk.org/index.php?topic=195052

for europe, see this thread: https://bitcointalk.org/index.php?topic=195037.0


Title: Re: [Announcement] Block Erupter USB
Post by: HjerterEss on May 04, 2013, 10:35:32 PM
2BTC for 300MH is still too much, even for the average geek who are not expected to be too deep into mining... 2BTC is 200 bucks for a tiny 300mh unit.

Its about the same price/performance as 7970.
1 * 7970 $400 = 700MH
2 * Block Erupter $ 440 = 700MH

Now think about a miner with 4 * 7970. It consumes over 1000W. You need 8 * Block Erupter to reach the same speed, but the power consumption is way under 1/10. Same goes for power consumption and heat...


Title: Re: [Announcement] Block Erupter USB
Post by: ecliptic on May 04, 2013, 10:40:12 PM
For ROI calculations, I ignore the exchange rate and use this simplified formula - It's not exact, but it's a quick way to do it:

Cost = 1.99 btc

Network Hash Rate = 78,000 Gh/s

My hash rate = .3 Gh/s

My Share of the Network = .3 / 78,000

Blocks found / day = 144

Block Reward = 25

Therefore, i will earn:

.3 / 78,000 * 144 * 25 = 0.013846154 BTC / day.

My ROI in days:

ROI (in days) = 1.99 / 0.013846154 = 144 days. about 4 3/4 months.

This doesn't consider an increase in network hash rate, which I estimate will cut profits in half every month until October. Considering difficulty increases the ROI is a little longer than 1 year.

This seems about right for retail cost, it seems a bit expensive at wholesale. Ideally, I'd like to see about a 1.5 btc wholesale cost.


Difficulty was estimated to be 70 million by the end of july even without these.


Title: Re: [Announcement] Block Erupter USB
Post by: Rampion on May 04, 2013, 10:43:04 PM
2BTC for 300MH is still too much, even for the average geek who are not expected to be too deep into mining... 2BTC is 200 bucks for a tiny 300mh unit.

If it was 30 or 40 bucks for 300MH, then that would make more sense, for the casual user and those who want to really get into mining. I don't expect some random kid with a macbookpro to drop 200-300bucks for something like this.

I think there will be buyers even at that price in the very short term, just because of the novelty and the bleeding edge factor.

Anyhow, I still think this things with MASSIVE distribution at $40ish could be HUGE for Bitcoin. It would be spreading pills of monetary freedom, it could be a revolution.


Title: Re: [Announcement] Block Erupter USB
Post by: BlackLilac Grant on May 04, 2013, 10:47:38 PM
2BTC for 300MH is still too much, even for the average geek who are not expected to be too deep into mining... 2BTC is 200 bucks for a tiny 300mh unit.

If it was 30 or 40 bucks for 300MH, then that would make more sense, for the casual user and those who want to really get into mining. I don't expect some random kid with a macbookpro to drop 200-300bucks for something like this.

I think there will be buyers even at that price in the very short term, just because of the novelty and the bleeding edge factor.

Anyhow, I still think this things with MASSIVE distribution at $40ish could be HUGE for Bitcoin. It would be spreading pills of monetary freedom, it could be a revolution.

That would be a revolution of sorts... it would be a company giving away money for free.


Title: Re: [Announcement] Block Erupter USB
Post by: BlackLilac Grant on May 04, 2013, 10:49:44 PM
For ROI calculations, I ignore the exchange rate and use this simplified formula - It's not exact, but it's a quick way to do it:

Cost = 1.99 btc

Network Hash Rate = 78,000 Gh/s

My hash rate = .3 Gh/s

My Share of the Network = .3 / 78,000

Blocks found / day = 144

Block Reward = 25

Therefore, i will earn:

.3 / 78,000 * 144 * 25 = 0.013846154 BTC / day.

My ROI in days:

ROI (in days) = 1.99 / 0.013846154 = 144 days. about 4 3/4 months.

This doesn't consider an increase in network hash rate, which I estimate will cut profits in half every month until October. Considering difficulty increases the ROI is a little longer than 1 year.

This seems about right for retail cost, it seems a bit expensive at wholesale. Ideally, I'd like to see about a 1.5 btc wholesale cost.


Difficulty was estimated to be 70 million by the end of july even without these.

By whom?? How many pre-ordered BFL singles and mini-rigs does that take in to account... and how many do you think will actually be hashing by then?


Title: Re: [Announcement] Block Erupter USB
Post by: Rampion on May 04, 2013, 10:50:03 PM
2BTC for 300MH is still too much, even for the average geek who are not expected to be too deep into mining... 2BTC is 200 bucks for a tiny 300mh unit.

If it was 30 or 40 bucks for 300MH, then that would make more sense, for the casual user and those who want to really get into mining. I don't expect some random kid with a macbookpro to drop 200-300bucks for something like this.

I think there will be buyers even at that price in the very short term, just because of the novelty and the bleeding edge factor.

Anyhow, I still think this things with MASSIVE distribution at $40ish could be HUGE for Bitcoin. It would be spreading pills of monetary freedom, it could be a revolution.

That would be a revolution of sorts... it would be a company giving away money for free.

That would work magic to drive people into bitcoin... Imagine the marketing you could do in the distribution of that tool at that price...


Title: Re: [Announcement] Block Erupter USB
Post by: dogie on May 04, 2013, 10:58:52 PM
I don't see this making sense for consumers, only ASICMiner
....
Total realistic ROI of 140% after 2 years.


Put that into perspective. If you were to buy stock of a mature company (zero growth potential) that just paid out say, an 8% dividend, that'd probably be considered a really good deal. And it would take more than 12 years to get 100% ROI.

These devices seem nicely priced. Yes, it's aggressive relative to ROI numbers that have been achieved in the past with some bitcoin investments, but you guys have to acknowledge that the space is maturing, and that means longer payback periods (but hopefully less risk too). Furthermore, AM delivers; the risk with them is one of the lowest in the bictoin space.

So, while I wish they were cheaper for selfish reasons, I do think they'll sell at this price. If not, I'm sure AM will drop the price until they do sell.

But compare the level of risk involved, the accountability and security. All cryptocurrencies - regardless of what we all want to believe - still can become relatively worthless overnight.


Title: Re: [Announcement] Block Erupter USB
Post by: nanobit on May 04, 2013, 11:02:17 PM
...
At 1.99 BTC, and a conservative estimate of 20M difficulty over the next year, it will take me 352 days to recoup the 1.99 BTC cost.

It difficulty averages 40M during that time, it will take two years to recoup your investment.


I love the bitcoin investment community, where a 2yr payback is considered terrible... Most investments are no-brainer good deals if the payback is under 10yrs, without lots of risk.

There's obviously plenty of exchange-rate risk with bitcoin, but who cares since these are fully denominated in btc.

The real risk is that difficulty rises faster than you assume, which I think is a distinct possibility.

Please list companies that are willing to invest money into cryptocoin projects with payback in, say 6 years.


Title: Re: [Announcement] Block Erupter USB
Post by: nanobit on May 04, 2013, 11:08:58 PM
2BTC for 300MH is still too much, even for the average geek who are not expected to be too deep into mining... 2BTC is 200 bucks for a tiny 300mh unit.

Its about the same price/performance as 7970.
1 * 7970 $400 = 700MH
2 * Block Erupter $ 440 = 700MH

Now think about a miner with 4 * 7970. It consumes over 1000W. You need 8 * Block Erupter to reach the same speed, but the power consumption is way under 1/10. Same goes for power consumption and heat...

But the same doesn't go for resell value.


Title: Re: [Announcement] Block Erupter USB
Post by: Bogart on May 04, 2013, 11:12:14 PM
What are the dimensions of the PCB?

It looks like about 20 x 40mm in the image.


Title: Re: [Announcement] Block Erupter USB
Post by: optimator on May 04, 2013, 11:28:48 PM

Difficulty was estimated to be 70 million by the end of july even without these.

By whom?? How many pre-ordered BFL singles and mini-rigs does that take in to account... and how many do you think will actually be hashing by then?

Exactly! You don't know what the future difficulty will bring, you just know that it'll be more (how many new companies that we haven't even heard of will release new products?)

So start with some estimate, say 1 year ROI and then add whatever you want on top of it. A 2 year or longer ROI seems within the realm of possibility.


Title: Re: [Announcement] Block Erupter USB
Post by: brucemangy on May 04, 2013, 11:31:43 PM
For ROI calculations, I ignore the exchange rate and use this simplified formula - It's not exact, but it's a quick way to do it:

Cost = 1.99 btc

Network Hash Rate = 78,000 Gh/s

My hash rate = .3 Gh/s

My Share of the Network = .3 / 78,000

Blocks found / day = 144

Block Reward = 25

Therefore, i will earn:

.3 / 78,000 * 144 * 25 = 0.013846154 BTC / day.

My ROI in days:

ROI (in days) = 1.99 / 0.013846154 = 144 days. about 4 3/4 months.

This doesn't consider an increase in network hash rate, which I estimate will cut profits in half every month until October. Considering difficulty increases the ROI is a little longer than 1 year.

This seems about right for retail cost, it seems a bit expensive at wholesale. Ideally, I'd like to see about a 1.5 btc wholesale cost.


If this key is not efficient enough ... what about all the GPUs that are a good proportion of the network ? ASIC is coming... but at what speed ? transition is not going to be quick. ASICMiner being the fastest, followed by DIY project for avalon chips. bfl ... is going to be soooo slow ...


Title: Re: [Announcement] Block Erupter USB
Post by: ecliptic on May 05, 2013, 01:22:54 AM
For ROI calculations, I ignore the exchange rate and use this simplified formula - It's not exact, but it's a quick way to do it:

Cost = 1.99 btc

Network Hash Rate = 78,000 Gh/s

My hash rate = .3 Gh/s

My Share of the Network = .3 / 78,000

Blocks found / day = 144

Block Reward = 25

Therefore, i will earn:

.3 / 78,000 * 144 * 25 = 0.013846154 BTC / day.

My ROI in days:

ROI (in days) = 1.99 / 0.013846154 = 144 days. about 4 3/4 months.

This doesn't consider an increase in network hash rate, which I estimate will cut profits in half every month until October. Considering difficulty increases the ROI is a little longer than 1 year.

This seems about right for retail cost, it seems a bit expensive at wholesale. Ideally, I'd like to see about a 1.5 btc wholesale cost.


If this key is not efficient enough ... what about all the GPUs that are a good proportion of the network ? ASIC is coming... but at what speed ? transition is not going to be quick. ASICMiner being the fastest, followed by DIY project for avalon chips. bfl ... is going to be soooo slow ...

there will be far more hashing powered added by asics than is taken from GPUs

keep in mind, mining litecoin / etc scrypt-coin, and simply trading them for BTC, has been consistantly more profitable than mining BTC for months now.  In fact i don't think it ever was NOT more profitable.


Title: Re: [Announcement] Block Erupter USB
Post by: Noitev on May 05, 2013, 01:38:51 AM
I am going to buy so many of the sapphire batch...

edit: 2 btc wholesale? why so expensive???


Title: Re: [Announcement] Block Erupter USB
Post by: ATC on May 05, 2013, 01:45:19 AM
“Adding a LED which blinks when a share is found”

Is it a default set for the LED blinks?
Can I turn off the LED blinks?
Sometimes I don't like it blinks, but somethimes I like it so I can show it to my friends.

BTW, I will buy 10 if it prices at 1 Bitcoin.
As 2 Bitcoin, at most I can afford 1 USB.



Title: Re: [Announcement] Block Erupter USB
Post by: BlackLilac Grant on May 05, 2013, 01:49:32 AM
BTW, I will buy 10 if it prices at 1 Bitcoin.
As 2 Bitcoin, at most I can afford 1 USB.

Quoted for those who think ASICMINER is charging too much.   ;D

Of course everyone wants them cheap, but these are the only ASIC devices available right now, and there is a limited number that can be produced. They are going to sell out @ BTC2 as fast as they can ship them. Nothing is free, this isn't a get rich quick scheme for customers.


Title: Re: [Announcement] Block Erupter USB
Post by: dvdrewritable on May 05, 2013, 01:58:10 AM
Those who were hoping to pay $50 and make a massive profit instantly... I don't feel sorry for you. That's not how business works.

If you wanted to make 10x returns on your BTC, you should have taken the risk and invested in ASICMINER's IPO. You can't expect a successful company to give away products for far less than what people are willing to pay for them.

Actually I don't think any serious person was naive enough to assume they would make huge profits from a keychain miner, attraction was mainly for novelty purposes and as a stopgap during the delay in more capable ASIC being deployed to masses, since AM has proved credibility and can give short lead time.

I think a lot of people are NOT purchasing at this pricepoint- not because they won't make $$, but for the simple reason that they will not even recoup the cost of the investment, (from conservative predictions about the future increase in network power and diff) and this device has little to no resale value, and no alternate applications, it's just make no sense.

I imagine they would of sold like hotcakes at a lower price point, regardless there will be people willing to pay this inflated amount.. so smart to limit qty to bulk and have the retail take a mark up on end users, at least shareholders getting paid nicely, and they can pump this to the less savvy.



Title: Re: [Announcement] Block Erupter USB
Post by: PeZ on May 05, 2013, 02:11:38 AM
What's the historical failure rate of this company? If you get a DOA or early failure, it'll be tough to get support as they only deal with groups of 10 failures.


Title: Re: [Announcement] Block Erupter USB
Post by: Herbalconfusion on May 05, 2013, 02:17:03 AM
Are these capable of mining other sha256 coins?


Title: Re: [Announcement] Block Erupter USB
Post by: Bogart on May 05, 2013, 03:03:12 AM
Are these capable of mining other sha256 coins?

Specification
Mining Protocol: Icarus

It appears to me that they would be capable of such a thing.


Title: Re: [Announcement] Block Erupter USB
Post by: wrenchmonkey on May 05, 2013, 04:10:38 AM
This isn't about high ROI guys.. that is a moving target anyway.

ROI seekers can build their own from ASIC chips. R&D and production still cost you know!!


Since I am running a ModMiner I would love to add these to my old p4 rig with it.

I'd buy 4 right now ~ can you ship?   ;D





It's not about "High ROI" It's about ANY ROI. PERIOD, or it's not worth buying. This thing will never break even at 2BTC.

I get that R&D costs something. The chip cost is about $11 (retail) meaning their cost is probably $5-$7, but we'll use retail costs. Consider another $15 for the board and components, and assembly. At .5 BTC, that leave them another $24/unit to cover their R&D/profit.

Now, I'm feeling pretty confident in saying that they'll sell at least 30* as many units at a more reasonable price point. If they're making 3000% the sales, at .142% of the profit margin, they'll make 428% more profit in the long run.

Not to mention that this price will remain more sustainable for a longer period of time, because the ROI will still be closer to break-even.

They're shooting themselves in the foot, trying to get rich quick. They'll sell a few of these for WAAAY too much money, on the short term. And then they won't sell any in the longer term. And eventually these chips become about as worthless as a 16MB USB flash drive...


Title: Re: [Announcement] Block Erupter USB
Post by: ffernandex on May 05, 2013, 04:14:19 AM
Can these be used for scrypt --litecoins, feathercoins?

How many can I hook up to one motherboard using hubs? can I fit 20?

Thanks!


Title: Re: [Announcement] Block Erupter USB
Post by: VJain on May 05, 2013, 04:16:11 AM
Can these be used for scrypt --litecoins, feathercoins?

How many can I hook up to one motherboard using hubs? can I fit 20?

Thanks!

They can NOT be used for scrypt.


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 05, 2013, 04:17:46 AM
Can these be used for scrypt --litecoins, feathercoins?

How many can I hook up to one motherboard using hubs? can I fit 20?

Thanks!

no. they cannot mine scrypt based coins.

gotta be powered hubs, obviously, but i don't see why 20 would be an issue. ...i think. i'm not a USB expert.


Title: Re: [Announcement] Block Erupter USB
Post by: wrenchmonkey on May 05, 2013, 04:33:29 AM
BTW, I will buy 10 if it prices at 1 Bitcoin.
As 2 Bitcoin, at most I can afford 1 USB.

Quoted for those who think ASICMINER is charging too much.   ;D

Of course everyone wants them cheap, but these are the only ASIC devices available right now, and there is a limited number that can be produced. They are going to sell out @ BTC2 as fast as they can ship them. Nothing is free, this isn't a get rich quick scheme for customers.

I guess I shouldn't be surprised if they actually sell these out. The world is FULL of idiots... Oh well. Your money...


Title: Re: [Announcement] Block Erupter USB
Post by: fpgaminer on May 05, 2013, 05:03:27 AM
Congratulations on your progress thus far, ASICMINER team!

Quote
This batch will be given away to miners, fans and hardware/software developers made the assignments to us long before. It has some issues working with cgminer, but the modular python miner works fine.
Speaking of which, did you donate one to TheSeven, author of MPBM?


Title: Re: Block Erupter USB
Post by: CanaryInTheMine on May 05, 2013, 05:29:46 AM
Reserved for extension of contents.

The USB stick miner is going to bring BitCoin to the masses, beyond the geeks and hardcore or occasional miners.  This will make it mainstream.

Make this THE toy to buy for Christmas!!!

Congrats on making history!


Title: Re: [Announcement] Block Erupter USB
Post by: Phil21 on May 05, 2013, 05:40:44 AM
these are not made for mining farms :)

I agree the wholesale cost is way too high, but I'm sure the initial batch will have no problems selling out.  I'm more interested to see what happens with follow-on sales.


Title: Re: [Announcement] Block Erupter USB
Post by: lophie on May 05, 2013, 05:56:54 AM
Where is appropriate to open a group buy thread?  :P


Title: Re: [Announcement] Block Erupter USB
Post by: fpgaminer on May 05, 2013, 05:59:02 AM
By the way, for the great wealth of masses getting heartburn over the current cost:

Quote
Lowering your price is always easier than raising your price.


Title: Re: [Announcement] Block Erupter USB
Post by: Newar on May 05, 2013, 06:11:09 AM
Where is appropriate to open a group buy thread?  :P
Probably Custom Hardware? https://bitcointalk.org/index.php?board=76.0


Title: Re: [Announcement] Block Erupter USB
Post by: chaxattack on May 05, 2013, 06:53:10 AM
Anyone know where I could find a cheap usb hub that will handle the increased (above spec.) power needs?


Title: Re: [Announcement] Block Erupter USB
Post by: Noitev on May 05, 2013, 07:27:19 AM
Anyone know where I could find a cheap usb hub that will handle the increased (above spec.) power needs?
I seriously hope you aren't buying a ton of these with profit in mind...


Title: Re: [Announcement] Block Erupter USB
Post by: szym00 on May 05, 2013, 07:41:34 AM
I am waiting for it! :) When will it be available in the "Group Buy"?


Title: Re: [Announcement] Block Erupter USB
Post by: 2weiX on May 05, 2013, 08:41:11 AM
GROUP BUY: https://bitcointalk.org/index.php?topic=195037.0;all


Title: Re: [Announcement] Block Erupter USB
Post by: turtle83 on May 05, 2013, 08:50:35 AM
BTW, I will buy 10 if it prices at 1 Bitcoin.
As 2 Bitcoin, at most I can afford 1 USB.

Quoted for those who think ASICMINER is charging too much.   ;D

Of course everyone wants them cheap, but these are the only ASIC devices available right now, and there is a limited number that can be produced. They are going to sell out @ BTC2 as fast as they can ship them. Nothing is free, this isn't a get rich quick scheme for customers.

I guess I shouldn't be surprised if they actually sell these out. The world is FULL of idiots... Oh well. Your money...

Reality check: There are people in this world who have real jobs and are not mining to feed their families. They just want to be part of something awesome like bitcoins.


Title: Re: [Announcement] Block Erupter USB
Post by: Rampion on May 05, 2013, 09:18:07 AM
BTW, I will buy 10 if it prices at 1 Bitcoin.
As 2 Bitcoin, at most I can afford 1 USB.

Quoted for those who think ASICMINER is charging too much.   ;D

Of course everyone wants them cheap, but these are the only ASIC devices available right now, and there is a limited number that can be produced. They are going to sell out @ BTC2 as fast as they can ship them. Nothing is free, this isn't a get rich quick scheme for customers.

It isnt for customers, it is for the manufacturer...

I'd prefer to see these mass produced and mass distributed worldwide for $40ish, but I guess that money talks.


Title: Re: [Announcement] Block Erupter USB
Post by: Kelticfox on May 05, 2013, 09:25:12 AM
Your GPUs could be freed from calculating hashes and resume rendering for you.

I think I love you!

As someone who has to do a lot of CAD and rendering this would be great....

... if it wasn't priced at more than a Jalapeno with significantly less hashrate.


Title: Re: [Announcement] Block Erupter USB
Post by: lophie on May 05, 2013, 09:48:55 AM
... if it wasn't priced at more than a Jalapeno with significantly less hashrate.

Except those don't exist. Not until BFL actually ship them. Spare me the discussion of 6 ppl receiving them. That is like a satoshi to a bitcoin of their total orders, Simply doesn't count. And if you considered the new lowest amount to relay a transaction suggestion. Then they Literally don't count.


Title: Re: [Announcement] Block Erupter USB
Post by: Come-from-Beyond on May 05, 2013, 09:55:18 AM
Specification
Color: Green
Hashrate: >300MH/s
Mining Protocol: Icarus

Does the color really matter?  I would rather knew its weight.


Title: Re: [Announcement] Block Erupter USB
Post by: Noitev on May 05, 2013, 10:08:11 AM
Specification
Color: Green
Hashrate: >300MH/s
Mining Protocol: Icarus

Does the color really matter?  I would rather knew its weight.

Man if it was purple, I'd pay 3 btc for it...


Title: Re: [Announcement] Block Erupter USB
Post by: pornluver on May 05, 2013, 10:28:36 AM
What's the price? I'll buy 1 and my partner will buy 10


Title: Re: Block Erupter USB
Post by: LordTheron on May 05, 2013, 10:29:02 AM
Reserved for extension of contents.

The USB stick miner is going to bring BitCoin to the masses, beyond the geeks and hardcore or occasional miners.  This will make it mainstream.

Make this THE toy to buy for Christmas!!!

Congrats on making history!


How good Christmas  present it would be if you stick it t the back of your pc and and let it mine? Where is the fun in that? Are you going to stare at it all day long and wait for blue led blinks?

At the end of the day it is a tool to mine and it always will be. It cant be used for anything else. It will only make to mainstream if its priced right ($40-$50) a pop. How many people from outside bitcoin community will be willing to pay over $200 for it? Well not many as I have already spoken to people about it and reaction is almost the same.. to expensive.


Title: Re: Block Erupter USB
Post by: JimiQ84 on May 05, 2013, 10:30:32 AM
Reserved for extension of contents.

The USB stick miner is going to bring BitCoin to the masses, beyond the geeks and hardcore or occasional miners.  This will make it mainstream.

Make this THE toy to buy for Christmas!!!

Congrats on making history!


How good Christmas  present it would be if you stick it t the back of your pc and and let it mine? Where is the fun in that? Are you going to stare at it all day long and wait for blue led blinks?

At the end of the day it is a tool to mine and it always will be. It cant be used for anything else. It will only make to mainstream if its priced right ($40-$50) a pop. How many people from outside bitcoin community will be willing to pay over $200 for it? Well not many as I have already spoken to people about it and reaction is almost the same.. to expensive.

Wait a year and they will go for $40 ;-)


Title: Re: [Announcement] Block Erupter USB
Post by: sgravina on May 05, 2013, 10:32:17 AM
Cute.

The correct price is what people will pay.

I'm not buying at this price because I expect the price will drop a lot.



Title: Re: [Announcement] Block Erupter USB
Post by: SebastianJu on May 05, 2013, 11:13:29 AM
Can these be used for scrypt --litecoins, feathercoins?

There are plenty of SHA-256 Coins you can mine instead. For example freicoin has the same profitability like feathercoins have in the moment. So if you want to mine other coins you can.

Anyone know where I could find a cheap usb hub that will handle the increased (above spec.) power needs?

I would check out amazon and search for hubs with usb loading connectors that can deliver more ampere. Used for loading up smartphones and similar. For example something like this: UNITEK Y-3181 (http://amzn.to/117oHi0). Its usb 3 hub, thats probably not needed but it has loading ports. When you found a working hub you still can search on google shopping for lower priced units of this model.

Reserved for extension of contents.

The USB stick miner is going to bring BitCoin to the masses, beyond the geeks and hardcore or occasional miners.  This will make it mainstream.

Make this THE toy to buy for Christmas!!!

Congrats on making history!


How good Christmas  present it would be if you stick it t the back of your pc and and let it mine? Where is the fun in that? Are you going to stare at it all day long and wait for blue led blinks?

At the end of the day it is a tool to mine and it always will be. It cant be used for anything else. It will only make to mainstream if its priced right ($40-$50) a pop. How many people from outside bitcoin community will be willing to pay over $200 for it? Well not many as I have already spoken to people about it and reaction is almost the same.. to expensive.

Christmas presents are presented from others. And many miners got much money from mining bitcoins and can afford to give away such presents. Those persons doesnt have the profit in mind anymore but the safety of the network is more important. Because this safety on the other hand is protecting their bitcoins.
Anyway... there will be enough buyers so complaining about the price is pointless.


Title: Re: [Announcement] Block Erupter USB
Post by: pornluver on May 05, 2013, 11:16:46 AM
Okay I'll buy two.


Title: Re: Block Erupter USB
Post by: BlackLilac Grant on May 05, 2013, 11:19:51 AM
Reserved for extension of contents.

The USB stick miner is going to bring BitCoin to the masses, beyond the geeks and hardcore or occasional miners.  This will make it mainstream.

Make this THE toy to buy for Christmas!!!

Congrats on making history!


How good Christmas  present it would be if you stick it t the back of your pc and and let it mine? Where is the fun in that? Are you going to stare at it all day long and wait for blue led blinks?

At the end of the day it is a tool to mine and it always will be. It cant be used for anything else. It will only make to mainstream if its priced right ($40-$50) a pop. How many people from outside bitcoin community will be willing to pay over $200 for it? Well not many as I have already spoken to people about it and reaction is almost the same.. to expensive.

Wait a year and they will go for $40 ;-)

Of course they will be cheap in a year, but each of our USBs will have mined ~ 2.5 - 3 Bitcoins by then.


Title: Re: [Announcement] Block Erupter USB
Post by: r3animation on May 05, 2013, 11:43:00 AM
I think this is fantastic... except for its price so I'll probably give it a skip.


Title: Re: [Announcement] Block Erupter USB
Post by: bigbeninlondon on May 05, 2013, 12:27:53 PM
Given the price and the power, I see this more as a way to make Bitcoin more distributed than a way to make money.
Though I still think it would be best if Bitcoin only ran on commodity hardware.

You also have to remember that some of us don't really want to make insane profits but rather want a way to retrieve bitcoin not connected with the exchanges.  Mining takes the bitcoin attached to my identity and converts it into bitcoin not attached to my identity.  If I can break even then that's worth it to me.


Title: Re: [Announcement] Block Erupter USB
Post by: Bogart on May 05, 2013, 12:32:31 PM
Specification
Color: Green
Hashrate: >300MH/s
Mining Protocol: Icarus

Does the color really matter?  I would rather knew its weight.

Also the dimensions of the PCB and heatsink.


Title: Re: [Announcement] Block Erupter USB
Post by: reactor on May 05, 2013, 01:57:37 PM
If anyone in the US is planning to do a group order, throw me a message. Have some investors who want to pick up a few of these for our farm (I run the farm, they pay for hardware and pull dividends, like a ghetto ASIC Miner :D).


Title: Re: [Announcement] Block Erupter USB
Post by: Newar on May 05, 2013, 02:01:18 PM
If anyone in the US is planning to do a group order, throw me a message. Have some investors who want to pick up a few of these for our farm (I run the farm, they pay for hardware and pull dividends, like a ghetto ASIC Miner :D).
At least two here: https://bitcointalk.org/index.php?board=76.0

Edit: Three.
https://bitcointalk.org/index.php?topic=195052.0
https://bitcointalk.org/index.php?topic=195843.0
https://bitcointalk.org/index.php?topic=195647.0


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 05, 2013, 02:03:25 PM
Where is appropriate to open a group buy thread?  :P

already got it going for US/canada. john k doing escrow.
https://bitcointalk.org/index.php?topic=195052.0


Title: Re: Block Erupter USB
Post by: Syke on May 05, 2013, 02:44:02 PM

Of course they will be cheap in a year, but each of our USBs will have mined ~ 2.5 - 3 Bitcoins by then.

You wish. Difficulty is going up a lot. You'll be lucky to mine a single btc in the next year.


Title: Re: Block Erupter USB
Post by: yolo2222 on May 05, 2013, 02:57:53 PM

Of course they will be cheap in a year, but each of our USBs will have mined ~ 2.5 - 3 Bitcoins by then.

You wish. Difficulty is going up a lot. You'll be lucky to mine a single btc in the next year.

+1

I agree. The prices are insane.

This will only make profit for wholesellers or ebaysellers. ( and ofcourse the shareholders of ASICMINER)

Still it is an awesome gadget to have!
I think this comes quite handy when introducing people to bitcoin and how the system works.


I WANT ONE!! ;D


Title: Re: [Announcement] Block Erupter USB
Post by: Achiron on May 05, 2013, 03:38:19 PM
After watching both auctions take place it's clear ASIC Miner are pretty exceptional at not only gaining themselves 15 TH/s of the market early in-house but also getting people to swallow a massively overinflated price for their ASICs. The auctioned Blades were bought far overpriced and are now being used to justify 2 BTC for a 300 MH/s unit, they know pretty well that that's a poor investment price point. 0.5 or <1.0 BTC potentially. I applaud them though they stand to make a lot of money through both methods.


Title: Re: [Announcement] Block Erupter USB
Post by: wrenchmonkey on May 05, 2013, 03:53:48 PM
Cute.

The correct price is what people will pay.

I'm not buying at this price because I expect the price will drop a lot.



Yes and no. The correct price is the price that maximizes their OVERALL profit (not per-unit) and gives their investors the greatest return.

2BTC is a 'get-rich quick' price that will quickly taper off into irrelevance. I imagine their plan is probably to sell at 2BTC for the first couple of weeks, until they've swept up all the 'tards who can't do math, and think buying NOW will make it profitable. Then drop the price to 1.5BTC to pick up the 'tards who think they can turn a profit at that price. Then drop to 1BTC and pick up the fence sitters who don't mind if they ONLY break even.

Then they'll drop to .5BTC and sell to people who can do math...  ;)


Title: Re: [Announcement] Block Erupter USB
Post by: OtaconEmmerich on May 05, 2013, 03:58:09 PM
I was pretty fucking happy when I saw this announcement, then I saw the price.  :'(
Eeesh! I was expecting .5-1.25 each, It's not worth it at all at 2BTC outside of it's charm.
I was a hobby miner and now I'm dropping out of BTC mining for now, I was hoping to grab one of these for a nice price and popping it into a router or something..but blek. I'll wait till a price drop I think.


Title: Re: [Announcement] Block Erupter USB
Post by: wrenchmonkey on May 05, 2013, 04:12:04 PM
Cute.

The correct price is what people will pay.

I'm not buying at this price because I expect the price will drop a lot.



Yes and no. The correct price is the price that maximizes their OVERALL profit (not per-unit) and gives their investors the greatest return.

2BTC is a 'get-rich quick' price that will quickly taper off into irrelevance. I imagine their plan is probably to sell at 2BTC for the first couple of weeks, until they've swept up all the 'tards who can't do math, and think buying NOW will make it profitable. Then drop the price to 1.5BTC to pick up the 'tards who think they can turn a profit at that price. Then drop to 1BTC and pick up the fence sitters who don't mind if they ONLY break even.

Then they'll drop to .5BTC and sell to people who can do math...  ;)

Or maybe we will just mine with the ones we don;t sell for 2 btc...  ::)

Sure, you could. And since they barely cost anything to make them, YOU will actually be able to turn a profit mining with them. I have no idea why the hell you would want to mine with hundreds of USB sticks, but that's your call. Personally, I think there are enough idiots out there that you'll do pretty well selling them at such an asinine price, but if you don't start dropping your price as soon as you clear out all the fucking morons, you risk being the equivalent of a Thumb Drive manufacturer who expects to get $75 for a 256Mb drive, which you can't GIVE away any more.

Then again, people lose all common sense when it comes to BTC, so there may be plenty of idiots who will continue to pay $75 for a 256Mb thumb drive. Or you could start storing all your data on hundreds of tiny USB Thumb Drives, out of stubbornness and spite... Either way, it's gonna be good quality entertainment for the rest of us.  ;D


Title: Re: [Announcement] Block Erupter USB
Post by: turtle83 on May 05, 2013, 04:31:16 PM
Cute.

The correct price is what people will pay.

I'm not buying at this price because I expect the price will drop a lot.



Yes and no. The correct price is the price that maximizes their OVERALL profit (not per-unit) and gives their investors the greatest return.

2BTC is a 'get-rich quick' price that will quickly taper off into irrelevance. I imagine their plan is probably to sell at 2BTC for the first couple of weeks, until they've swept up all the 'tards who can't do math, and think buying NOW will make it profitable. Then drop the price to 1.5BTC to pick up the 'tards who think they can turn a profit at that price. Then drop to 1BTC and pick up the fence sitters who don't mind if they ONLY break even.

Then they'll drop to .5BTC and sell to people who can do math...  ;)

Or maybe we will just mine with the ones we don;t sell for 2 btc...  ::)

Organizing a group buy in Thailand?


Title: Re: [Announcement] Block Erupter USB
Post by: muyuu on May 05, 2013, 04:40:50 PM
Cute.

The correct price is what people will pay.

I'm not buying at this price because I expect the price will drop a lot.



It also depends on how many they can produce. They claim to be able to churn out thousands quick.

I'd buy 2 at 2BTC, maybe 50 at 1BTC and the 300 batch at 0.5BTC.

So, depending on how much are their production costs, they might be maximising profits at cheaper prices rather than at more expensive prices. Of course, it also depends on the demand from everybody else.

It's not just me. At 2BTC it's hardly profitable if at all, people would get a few just for the novelty and to be able to say they're mining. But at a competitive price they'd sell many thousands in no time.

So, can they really produce tens of thousands per month? if so, then 2BTC is not a good pricing as they will only sell a fraction of that. Just wait and see. Maybe they really cannot produce so many.


Title: Re: [Announcement] Block Erupter USB
Post by: friedcat on May 05, 2013, 04:44:06 PM
Cute.

The correct price is what people will pay.

I'm not buying at this price because I expect the price will drop a lot.



Yes and no. The correct price is the price that maximizes their OVERALL profit (not per-unit) and gives their investors the greatest return.

2BTC is a 'get-rich quick' price that will quickly taper off into irrelevance. I imagine their plan is probably to sell at 2BTC for the first couple of weeks, until they've swept up all the 'tards who can't do math, and think buying NOW will make it profitable. Then drop the price to 1.5BTC to pick up the 'tards who think they can turn a profit at that price. Then drop to 1BTC and pick up the fence sitters who don't mind if they ONLY break even.

Then they'll drop to .5BTC and sell to people who can do math...  ;)
The price will be fixed for the ~10k sapphire batch, no matter how many we have sold.


Title: Re: [Announcement] Block Erupter USB
Post by: wrenchmonkey on May 05, 2013, 04:44:50 PM
Cute.

The correct price is what people will pay.

I'm not buying at this price because I expect the price will drop a lot.



It also depends on how many they can produce. They claim to be able to churn out thousands quick.

I'd buy 2 at 2BTC, maybe 50 at 1BTC and the 300 batch at 0.5BTC.

So, depending on how much are their production costs, they might be maximising profits at cheaper prices rather than at more expensive prices. Of course, it also depends on the demand from everybody else.

It's not just me. At 2BTC it's hardly profitable if at all, people would get a few just for the novelty and to be able to say they're mining. But at a competitive price they'd sell many thousands in no time.

So, can they really produce tens of thousands per month? if so, then 2BTC is not a good pricing as they will only sell a fraction of that. Just wait and see. Maybe they really cannot produce so many.

BINGO!


Title: Re: [Announcement] Block Erupter USB
Post by: wrenchmonkey on May 05, 2013, 04:45:38 PM
Cute.

The correct price is what people will pay.

I'm not buying at this price because I expect the price will drop a lot.



Yes and no. The correct price is the price that maximizes their OVERALL profit (not per-unit) and gives their investors the greatest return.

2BTC is a 'get-rich quick' price that will quickly taper off into irrelevance. I imagine their plan is probably to sell at 2BTC for the first couple of weeks, until they've swept up all the 'tards who can't do math, and think buying NOW will make it profitable. Then drop the price to 1.5BTC to pick up the 'tards who think they can turn a profit at that price. Then drop to 1BTC and pick up the fence sitters who don't mind if they ONLY break even.

Then they'll drop to .5BTC and sell to people who can do math...  ;)
The price will be fixed for the ~10k sapphire batch, no matter how many we have sold.


...good luck with that then.  ::)


Title: Re: [Announcement] Block Erupter USB
Post by: cimpex on May 05, 2013, 05:26:34 PM
more erupter blades would be nice instead of a huge amount of USB Sticks.


Title: Re: [Announcement] Block Erupter USB
Post by: Socket54 on May 05, 2013, 05:29:49 PM
... if it wasn't priced at more than a Jalapeno with significantly less hashrate.

Except those don't exist. Not until BFL actually ship them. Spare me the discussion of 6 ppl receiving them. That is like a satoshi to a bitcoin of their total orders, Simply doesn't count. And if you considered the new lowest amount to relay a transaction suggestion. Then they Literally don't count.

They do exist, vid proof on youtube. So what justifies spending 2 btc on a 300 mh device when for about the same you can get way more hash power in a BFL jalapeno?

It is a greedy money grab to be blunt. ASICMiner is banking on BFL's continued delays and are gonna milk it for everything it is worth knowing some fool and his money are soon parted. That is the truth

However not everyone is a gloating buffoon with more money then he knows what to do with and a lack of patience. I will wait on BFL at these prices.



Title: Re: [Announcement] Block Erupter USB
Post by: minternj on May 05, 2013, 05:37:50 PM
... if it wasn't priced at more than a Jalapeno with significantly less hashrate.

Except those don't exist. Not until BFL actually ship them. Spare me the discussion of 6 ppl receiving them. That is like a satoshi to a bitcoin of their total orders, Simply doesn't count. And if you considered the new lowest amount to relay a transaction suggestion. Then they Literally don't count.

They do exist, vid proof on youtube. So what justifies spending 2 btc on a 300 mh device when for about the same you can get way more hash power in a BFL jalapeno?

It is a greedy money grab to be blunt. ASICMiner is banking on BFL's continued delays and are gonna milk it for everything it is worth knowing some fool and his money are soon parted. That is the truth

However not everyone is a gloating idiot with more money then he knows what to do with and a lack of patience. I will wait on BFL at these prices.



Take BFL out of the equation. This barely is better than a gpu that costs 1/3. Definitely a novelty item at this price. Power and space savings does not make it any more attractive to me. Might get one for shits and giggles.


Title: Re: [Announcement] Block Erupter USB
Post by: ionstorm on May 05, 2013, 05:39:46 PM
honestly the price is obsurd, even if they need to profit off of these, it probably would have been better to build a larger device with multiple chips are comparable to the BFL Jalepeno, I'd have to spend over $2000 dollars to be running at 3Ghs.  I dont know why anyone in their right mind would spend this with all the DIY ASIC projects where the cost is much cheaper, you could order a few jalepeno's and a Bitforce 25Ghs Miner for the price of 10 of these.  Do your mathematics, this is not a smart investment for the consumer, it benefits ASIC Miner not you


Title: Re: [Announcement] Block Erupter USB
Post by: sneef on May 05, 2013, 05:40:20 PM
+1 Too expensive.

I will try to get one, just 1... for the sake of historical collection of ASIC devices and such.

Might even turn it into a keyring.





Title: Re: [Announcement] Block Erupter USB
Post by: phantastisch on May 05, 2013, 05:55:06 PM
A FPGA with a similar Hashrate goes for around $250-$300 and needs more power. And they are still selling like hot cake. And have no awesome share found LED.


Title: Re: [Announcement] Block Erupter USB
Post by: Miner99er on May 05, 2013, 06:02:16 PM
I'm getting 30. To at least replace my GPU's, Drop the cost of electricity I use, and sell off the GPU's at a profit or move them over to LTC. Since the GPU's are paid for (many times over at this point.) It doesn't really matter what the cost are.

I'd rather pay the opportunity costs of having them on hand and mine BTC or other SHA256 based Altcoins but if you can't see the fact they're useful in that regard, hey... more for me.


Title: Re: [Announcement] Block Erupter USB
Post by: tigerfree on May 05, 2013, 06:02:31 PM
A FPGA with a similar Hashrate goes for around $250-$300 and needs more power. And they are still selling like hot cake. And have no awesome
 share found LED.

FPGA can be used in other projects and can be resold and re balling .


Title: Re: [Announcement] Block Erupter USB
Post by: Rampion on May 05, 2013, 07:12:55 PM
Cute.

The correct price is what people will pay.

I'm not buying at this price because I expect the price will drop a lot.



It also depends on how many they can produce. They claim to be able to churn out thousands quick.

I'd buy 2 at 2BTC, maybe 50 at 1BTC and the 300 batch at 0.5BTC.

So, depending on how much are their production costs, they might be maximising profits at cheaper prices rather than at more expensive prices. Of course, it also depends on the demand from everybody else.

It's not just me. At 2BTC it's hardly profitable if at all, people would get a few just for the novelty and to be able to say they're mining. But at a competitive price they'd sell many thousands in no time.

So, can they really produce tens of thousands per month? if so, then 2BTC is not a good pricing as they will only sell a fraction of that. Just wait and see. Maybe they really cannot produce so many.

This. At $40 these gadgets could be distributed MASSIVELY all over the world. In supermarkets, kiosks, convenience stores, etc - by MILLION units. It could be huge both for ASICMINER and for Bitcoin in general. But for that, you need a) the ability to enter the appropriate distribution channels (I'd be able to do that) and b) the resources to produce the goods massively in a timely manner.


Title: Re: [Announcement] Block Erupter USB
Post by: GodHatesFigs on May 05, 2013, 07:14:54 PM
A FPGA with a similar Hashrate goes for around $250-$300 and needs more power. And they are still selling like hot cake. And have no awesome
 share found LED.

FPGA can be used in other projects and can be resold and re balling .

I know it's less fun, but it'd be far less risky, and likely a better ROI, to just buy BTC rather than these.


Title: Re: [Announcement] Block Erupter USB
Post by: tigerfree on May 05, 2013, 07:22:04 PM
A FPGA with a similar Hashrate goes for around $250-$300 and needs more power. And they are still selling like hot cake. And have no awesome
 share found LED.

FPGA can be used in other projects and can be resold and re balling .

I know it's less fun, but it'd be far less risky, and likely a better ROI, to just buy BTC rather than these.

more risk = more $$$$.


Title: Re: [Announcement] Block Erupter USB
Post by: erschiessen on May 05, 2013, 07:23:53 PM
Rampion is correct.
Asicminer claims altruistic goals of sharing hashrate and expansion of BTC.
I call bullshit.
Very few people will share these with family and friends at 2BTC.
At cost + reasonable profit margin, every one of my family members with a PC would have received one this Christmas.
Imagine if everyone currently into Bitcoin would do something similar.
Imagine millions of folks first hearing about BTC by receiving such a cool little gift.

"You mean this thing makes money?"

The only folks that can say that now are AM shareholders.


Title: Re: [Announcement] Block Erupter USB
Post by: malavita on May 05, 2013, 07:25:15 PM
Oh, this is maybe the best effort so far to allow new miners to start mining with reasonably cheap and easy hardware.

I might just get few of those to give out to friends and family. Excellent way to spread this cyptocoin "virus"  ;D

+1

Novelty item that's just overpriced - IMHO they need to drop the price so that these can be given to kids to spread the Bitcoin idea and make a little money for themselves.



Title: Re: [Announcement] Block Erupter USB
Post by: GodHatesFigs on May 05, 2013, 07:27:59 PM
A FPGA with a similar Hashrate goes for around $250-$300 and needs more power. And they are still selling like hot cake. And have no awesome
 share found LED.

FPGA can be used in other projects and can be resold and re balling .

I know it's less fun, but it'd be far less risky, and likely a better ROI, to just buy BTC rather than these.

more risk = more $$$$.

The massive risk is obvious; the ROI not so much (4 months to break even at today's difficulty - good luck with that!)


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 05, 2013, 07:29:50 PM
and if difficulty quadruples, that's ROI in a year or so...

i wonder how sharp the difficulty will actually rise? god knows it's gone up a bit this year.


Title: Re: [Announcement] Block Erupter USB
Post by: jspielberg on May 05, 2013, 07:41:28 PM
AsicMiner's mission is to provide value to its shareholders. 

One keen observer noted that the Asic Hardware business is a suicidal endeavor.  The more successful your product, the less attractive it becomes for each additional sale. 

Why would they produce/price a product which would threaten their big money maker (i.e. mining ops)?  It would open itself up to a shareholder lawsuit.

The answer is... they would never do it. 

AM has announced a 50Th/s deployment and plans for an additional 200 to 250Th.  The ROI on these things are questionable way before they complete that deployment.  Trust me... AM is the big gorilla in the professional mining space, and they don't plan to cut off their own knees for no reason.


Title: Re: [Announcement] Block Erupter USB
Post by: SebastianJu on May 05, 2013, 08:57:02 PM
A FPGA with a similar Hashrate goes for around $250-$300 and needs more power. And they are still selling like hot cake. And have no awesome
 share found LED.

FPGA can be used in other projects and can be resold and re balling .

USB Erupter can be used in other projects too. For example you can mine Freicoin at 208% of the profitability of bitcoins at the moment. And why should resell work? Asicminer is only selling wholesale so if you want a single unit you have to buy it somewhere.

Rampion is correct.
Asicminer claims altruistic goals of sharing hashrate and expansion of BTC.
I call bullshit.
Very few people will share these with family and friends at 2BTC.
At cost + reasonable profit margin, every one of my family members with a PC would have received one this Christmas.
Imagine if everyone currently into Bitcoin would do something similar.
Imagine millions of folks first hearing about BTC by receiving such a cool little gift.

"You mean this thing makes money?"

The only folks that can say that now are AM shareholders.

There are enough early adopters that doesnt care about prices. Unfortunately im not someone of them. But be sure that these miners will be sold.

Im very sure that soon the first batches will sell. Its not that Asicminer has to sell something in order to earn money. They sell to earn extra money. But not of the cost of the own mining income.


Title: Re: [Announcement] Block Erupter USB
Post by: radiumsoup on May 05, 2013, 09:02:05 PM
AsicMiner's mission is to provide value to its shareholders. 

One keen observer noted that the Asic Hardware business is a suicidal endeavor.  The more successful your product, the less attractive it becomes for each additional sale. 

Why would they produce/price a product which would threaten their big money maker (i.e. mining ops)?  It would open itself up to a shareholder lawsuit.

The answer is... they would never do it. 

AM has announced a 50Th/s deployment and plans for an additional 200 to 250Th.  The ROI on these things are questionable way before they complete that deployment.  Trust me... AM is the big gorilla in the professional mining space, and they don't plan to cut off their own knees for no reason.


(assuming you're talking about the "ASIC Hardware business" from the AM point of view, not from the miner's point of view)

It's not a suicidal endeavor, really - as long as you can continually build better versions of the same shovel later on, people will have to come buy the newer shovels just to keep up with the Joneses. AM has indicated that they're in it for the long haul, and have already announced the design of the AM 2.0 chip.


Title: Re: [Announcement] Block Erupter USB
Post by: Bogart on May 05, 2013, 09:10:04 PM
Novelty item that's just overpriced

They should totally work the novelty angle.

These should come in cool custom-designed cases, and have holographic logos and serial numbers and production dates laser-engraved on the cases, and on the PCBs/heatsinks.  Maybe the first 88 units could be autographed.

They're already calling this lot "Sapphire Batch".  That's a good start.


Title: Re: [Announcement] Block Erupter USB
Post by: Noitev on May 05, 2013, 09:18:58 PM
Novelty item that's just overpriced

They should totally work the novelty angle.

These should come in cool custom-designed cases, and have holographic logos and serial numbers and production dates laser-engraved on the cases, and on the PCBs/heatsinks.  Maybe the first 88 units could be autographed.

They're already calling this lot "Sapphire Batch".  That's a good start.

Dude, next time they should use red boards and call them rubys, then white boards and call em pearls, then finally black ones they can call jets. Then make one thats 3 times as powerful and call it a lotus.


Title: Re: [Announcement] Block Erupter USB
Post by: Rampion on May 05, 2013, 09:27:59 PM
Rampion is correct.
Asicminer claims altruistic goals of sharing hashrate and expansion of BTC.
I call bullshit.
Very few people will share these with family and friends at 2BTC.
At cost + reasonable profit margin, every one of my family members with a PC would have received one this Christmas.
Imagine if everyone currently into Bitcoin would do something similar.
Imagine millions of folks first hearing about BTC by receiving such a cool little gift.

"You mean this thing makes money?"

The only folks that can say that now are AM shareholders.

I understand your reasoning and I can feel what you are saying. But I don't think ASICMINER is taking the wrong decision, in fact I'm sure they are getting a very good return with their strategy, without having to commit to huge production volumes and avoiding entering complicate tasks as looking for worldwide distribution in traditional channels. But I still think about the big picture, on how huge could be to see grandmas all over the world asking "you are really saying this thing generates enough money to buy bread every day?", and I'm sure that a mini USB miner could be the BEST way to spread the BTC word all over the world, it could be really HUGE.

Unfortunately, 2 BTC per piece (for wholesalers :D) is too high to envision such a widespread adoption - but still it's a first step and I can only congratulate Friedcat for achieving that. I always dreamt about such a tool because it's incredible potential, and now it's a reality ;)


Title: Re: [Announcement] Block Erupter USB
Post by: seleme on May 05, 2013, 09:35:05 PM
I don't mind them selling their products for any price they want, it's their right to do it and if there's enough fools to buy, it's great position to be.

I'm just sick of AM shareholders thinking I'm idiot and trying to tell me it's amazing deal and wonderful opportunity to spread hashrate and make bitcoin community bigger. Yeah, lol, I wonder if they ever heard about certain GPUs that could do exactly that + few other things and yet most of those same AM shareholders turned them off for bitcoin mining as they are pretty much worthless for it now, just like these fancy things.

It's great little thing, when I first saw it I almost pissed myself but it's not just expensive, it's so expensive that anyone who buy it has lost his mind if he is not loaded with money and just want to have one in collection.


Title: Re: [Announcement] Block Erupter USB
Post by: Xian01 on May 05, 2013, 10:54:21 PM
anyone who buy it has lost his mind if he is not loaded with money and just want to have one in collection

 ... or choosing to reinvest mined Bitcoins in hardware to generate more Bitcoins while supporting the network.


Title: Re: [Announcement] Block Erupter USB
Post by: shapemaker on May 05, 2013, 11:00:37 PM
... or choosing to reinvest mined Bitcoins in hardware to generate more LESS Bitcoins while supporting the network.

There, fixed for you. Most likely buyers won't achieve ROI with these. I could buy one just for the novelty value, but that's with understanding that I won't ever get all my BTC back.

Supporting the network is fine and dandy, but that's a completely separate issue from ROI.


Title: Re: [Announcement] Block Erupter USB
Post by: madmax_ger on May 05, 2013, 11:28:29 PM
anyone who buy it has lost his mind if he is not loaded with money and just want to have one in collection

 ... or choosing to reinvest mined Bitcoins in hardware to generate more Bitcoins while supporting the network.

supporting the network for what? making money?

it's a waste of money and natural resources to buy this one for this price.
ASICMINER could support the network more, namely in setting a lower price.

I ordered one anyway.


Title: Re: [Announcement] Block Erupter USB
Post by: PeZ on May 05, 2013, 11:37:14 PM
The first group buy on this forum is only half-way there. If the pricing was respectable it would be finished by now. The warranty system is an added problem.

The price will drop when their inventory becomes a problem.


Title: Re: [Announcement] Block Erupter USB
Post by: pornluver on May 06, 2013, 12:03:03 AM
How do I buy?


Title: Re: [Announcement] Block Erupter USB
Post by: madmax_ger on May 06, 2013, 12:04:33 AM
ie https://bitcointalk.org/index.php?topic=195004.220


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 06, 2013, 12:05:04 AM
How do I buy?

depends where ya live. there are group buys for europe and for the US/canada being formed.

europe: https://bitcointalk.org/index.php?topic=195037.0
US/Canada: https://bitcointalk.org/index.php?topic=195052

disclosure: there's other US based ones, but i'm organising this one, so obviously it's the one i'm pimping. heh. the others are in the custom hardware subforum as well.


Title: Re: [Announcement] Block Erupter USB
Post by: seleme on May 06, 2013, 12:11:56 AM
anyone who buy it has lost his mind if he is not loaded with money and just want to have one in collection

 ... or choosing to reinvest mined Bitcoins in hardware to generate more Bitcoins while supporting the network.

reinvest what with 300mh Mr Altruism?

Yeah, I'm dying to support a network and earn money to company which "owns" 50% of network, can't wait to do it..

Only network I'm going to support is one inside my home as long as all that the biggest fishes in the network have on their mind is how to take last cent from as many members of the network they could. And that is exactly what AM is doing, they don't give a flying one for a network as long as it can live so they can squeeze most $ out of it.





Title: Re: [Announcement] Block Erupter USB
Post by: muyuu on May 06, 2013, 12:13:09 AM
Suddenly the Avalons look like a steal even at 100 BTC.


Title: Re: [Announcement] Block Erupter USB
Post by: Noitev on May 06, 2013, 12:32:59 AM
anyone who buy it has lost his mind if he is not loaded with money and just want to have one in collection

 ... or choosing to reinvest mined Bitcoins in hardware to generate more Bitcoins while supporting the network.

reinvest what with 300mh Mr Altruism?

Yeah, I'm dying to support a network and earn money to company which "owns" 50% of network, can't wait to do it..





I agree that the fact that they have 200 th coming in the near future is extremely disconcerting and that asicminer should basically just become an asic miner seller. As it stands, it seems like they basically have a network monopoly right now and are only choosing to keep hardware offline because having it online would cause a huge dip in BTC price. The fact still remains that they have too big a portion.


Title: Re: [Announcement] Block Erupter USB
Post by: seleme on May 06, 2013, 12:35:46 AM
anyone who buy it has lost his mind if he is not loaded with money and just want to have one in collection

 ... or choosing to reinvest mined Bitcoins in hardware to generate more Bitcoins while supporting the network.

reinvest what with 300mh Mr Altruism?

Yeah, I'm dying to support a network and earn money to company which "owns" 50% of network, can't wait to do it..





I agree that the fact that they have 200 th coming in the near future is extremely disconcerting and that asicminer should basically just become an asic miner seller. As it stands, it seems like they basically have a network monopoly right now and are only choosing to keep hardware offline because having it online would cause a huge dip in BTC price. The fact still remains that they have too big a portion.

I don't mind that, they were first, they did a job, they make a killing, good for them... just spare me of altruistic moments and excuses, please, I'm not a kid for some time now. They are using their advances position and network of their shareholders to pump and sell their stuff at ultra inflated prices and there is zero altruistic stuff in it. It's money, money, money baby, nothing else at all.


Title: Re: [Announcement] Block Erupter USB
Post by: Xian01 on May 06, 2013, 01:00:44 AM
reinvest what with 300mh Mr Altruism?

 Easy there cowboy. Actually, with the 10 I've just committed to purchasing, that will add 3GH/s to my existing farm at a negligible hit to my monthly electrical costs.

 I've been mining for a couple years and am sitting on a pile of Bitcoins to spend. What do you care what I spend them on ?


Title: Re: [Announcement] Block Erupter USB
Post by: seleme on May 06, 2013, 01:42:14 AM
reinvest what with 300mh Mr Altruism?

 Easy there cowboy. Actually, with the 10 I've just committed to purchasing, that will add 3GH/s to my existing farm at a negligible hit to my monthly electrical costs.

 I've been mining for a couple years and am sitting on a pile of Bitcoins to spend. What do you care what I spend them on ?

You can't even imagine how less I care. That doesn't stop me to think that you've lost your mind and definitely doesn't make me think that you bought it to support a network, lol


Title: Re: [Announcement] Block Erupter USB
Post by: Xian01 on May 06, 2013, 01:47:43 AM
That doesn't stop me to think that you've lost your mind and definitely doesn't make me think that you bought it to support a network

You can't even imagine how less I care.


Title: Re: [Announcement] Block Erupter USB
Post by: CanaryInTheMine on May 06, 2013, 01:48:23 AM
How do I buy?

If you are in USA, I have a group buy here: https://bitcointalk.org/index.php?topic=195647.0


Title: Re: [Announcement] Block Erupter USB
Post by: seleme on May 06, 2013, 02:02:30 AM
That doesn't stop me to think that you've lost your mind and definitely doesn't make me think that you bought it to support a network

You can't even imagine how less I care.

I know you don't, if you cared you wouldn't try to sell me those altruistic ideas  ;D


Title: Re: Block Erupter USB
Post by: CanaryInTheMine on May 06, 2013, 02:05:00 AM
Reserved for extension of contents.

The USB stick miner is going to bring BitCoin to the masses, beyond the geeks and hardcore or occasional miners.  This will make it mainstream.

Make this THE toy to buy for Christmas!!!

Congrats on making history!


How good Christmas  present it would be if you stick it t the back of your pc and and let it mine? Where is the fun in that? Are you going to stare at it all day long and wait for blue led blinks?

At the end of the day it is a tool to mine and it always will be. It cant be used for anything else. It will only make to mainstream if its priced right ($40-$50) a pop. How many people from outside bitcoin community will be willing to pay over $200 for it? Well not many as I have already spoken to people about it and reaction is almost the same.. to expensive.
I think you missed the big picture and the importance of this technical milestone.
By Christmas I expect USB stick miners to be super cheap!  I also see them functioning as a Flash drive also.  You can combine both functionalities into 1.
When we give our nick-nacks to customers, I'd love to give out a flash drive with our marketing material AND a bitcoin miner. get this out to the masses, beyond techies and geeks.


Title: Re: Block Erupter USB
Post by: CanaryInTheMine on May 06, 2013, 02:06:01 AM
Reserved for extension of contents.

The USB stick miner is going to bring BitCoin to the masses, beyond the geeks and hardcore or occasional miners.  This will make it mainstream.

Make this THE toy to buy for Christmas!!!

Congrats on making history!


How good Christmas  present it would be if you stick it t the back of your pc and and let it mine? Where is the fun in that? Are you going to stare at it all day long and wait for blue led blinks?

At the end of the day it is a tool to mine and it always will be. It cant be used for anything else. It will only make to mainstream if its priced right ($40-$50) a pop. How many people from outside bitcoin community will be willing to pay over $200 for it? Well not many as I have already spoken to people about it and reaction is almost the same.. to expensive.
Wait a year and they will go for $40 ;-)


hopefully even lower than $40 for 300 MH/s


Title: Re: [Announcement] Block Erupter USB
Post by: CanaryInTheMine on May 06, 2013, 02:06:53 AM
If anyone in the US is planning to do a group order, throw me a message. Have some investors who want to pick up a few of these for our farm (I run the farm, they pay for hardware and pull dividends, like a ghetto ASIC Miner :D).
PM sent


Title: Re: [Announcement] Block Erupter USB
Post by: dan99 on May 06, 2013, 02:13:47 AM
Avalon Asic Chips are about $7 to $8 a piece with 282mh/s and you make a USB/pcb and they you go, a usb mining chip.. need to find out
the costs to make this pcb to add in a chip, maybe in due time..


Title: Re: [Announcement] Block Erupter USB
Post by: CanaryInTheMine on May 06, 2013, 02:39:53 AM
more erupter blades would be nice instead of a huge amount of USB Sticks.
Rest assured, they will make more blades and bring them online.
They will order the next batch of chips, sell some on a USB stick which will pay for the remaining chips to be made into blades and then they will bring the blades online.
Oh, and they may auction of a few dozen blades to cover some other costs...
Brilliant on their part from a business stand point! :)


Title: Re: [Announcement] Block Erupter USB
Post by: Noitev on May 06, 2013, 03:05:50 AM
Avalon Asic Chips are about $7 to $8 a piece with 282mh/s and you make a USB/pcb and they you go, a usb mining chip.. need to find out
the costs to make this pcb to add in a chip, maybe in due time..

https://bitcointalk.org/index.php?topic=196281.0


Title: Re: [Announcement] Block Erupter USB
Post by: bitblazing on May 06, 2013, 03:08:37 AM
Friedcat,

I just replied.



Title: Re: [Announcement] Block Erupter USB
Post by: CanaryInTheMine on May 06, 2013, 03:23:59 AM
Avalon Asic Chips are about $7 to $8 a piece with 282mh/s and you make a USB/pcb and they you go, a usb mining chip.. need to find out
the costs to make this pcb to add in a chip, maybe in due time..

https://bitcointalk.org/index.php?topic=196281.0
following it closely! :)


Title: Re: [Announcement] Block Erupter USB
Post by: Socket54 on May 06, 2013, 07:33:05 AM
Wondering after the network difficulty has quadrupled in 3-4 months how much these will be going for on ebay?

Think they'll muster 50 bucks?


Title: Re: [Announcement] Block Erupter USB
Post by: noedaRDH on May 06, 2013, 09:15:03 AM
After crunching some numbers, these Erupter sticks are still vastly overpriced.

Let's suppose we order an Avalon B3 @ the listed price of 73BTC's. Let's assume that it gets an average of 60GH/S (60,000MH/S). For one Avalon it would cost about $8,000 USD.

To get 60GH/s out of these mining sticks (300MH/s each), you'd need 200 of these sticks.

If each stick costs $240 USD (assume that 1BTC = $120 USD), you're looking at a price tag of $48,000 USD to have the same hashing power as Avalon.

That's way too expensive. You have to spend 6x the price of an Avalon to get the same hashing power.

If each stick was 1/6 of its current price of 2BTC ($40 USD instead of $240 USD), then the price would be much more competitive.

Should to price come down to near $40 USD/stick, and should these sticks be produced in massive quantity within a reasonable timeframe, I could forsee these sticks being competitive against Avalon.

In fact, if the price per stick was lowered, investing in a bunch of stick miners would be advantageous for someone who is not looking to invest anywhere near Avalon's asking price. Instead of spending 8k, why not test the waters and spend $1,000 to get 6GH?

Avalon doesn't offer this option to scale things down according to one's budget. I believe these sticks would fill the gap for many people out there who don't want to sit for months on an ASIC preorder and don't want to deal with GPU mining at this point. They just need to bring the price down.


Title: Re: [Announcement] Block Erupter USB
Post by: tigerfree on May 06, 2013, 09:20:34 AM
After crunching some numbers, these Erupter sticks are still vastly overpriced.

Let's suppose we order an Avalon B3 @ the listed price of 73BTC's. Let's assume that it gets an average of 60GH/S (60,000MH/S). For one Avalon it would cost about $8,000 USD.

To get 60GH/s out of these mining sticks (300MH/s each), you'd need 200 of these sticks.

If each stick costs $240 USD (assume that 1BTC = $120 USD), you're looking at a price tag of $48,000 USD to have the same hashing power as Avalon.

That's way too expensive. You have to spend 6x the price of an Avalon to get the same hashing power.

If each stick was 1/6 of its current price of 2BTC ($40 USD instead of $240 USD), then the price would be much more competitive.

Should to price come down to near $40 USD/stick, and should these sticks be produced in massive quantity within a reasonable timeframe, I could forsee these sticks being competitive against Avalon.

In fact, if the price per stick was lowered, investing in a bunch of stick miners would be advantageous for someone who is not looking to invest anywhere near Avalon's asking price. Instead of spending 8k, why not test the waters and spend $1,000 to get 6GH?

Avalon doesn't offer this option to scale things down according to one's budget. I believe these sticks would fill the gap for many people out there who don't want to sit for months on an ASIC preorder and don't want to deal with GPU mining at this point. They just need to bring the price down.

+1


Title: Re: [Announcement] Block Erupter USB
Post by: shapemaker on May 06, 2013, 09:40:57 AM
After crunching some numbers, these Erupter sticks are still vastly overpriced.
[...]
Avalon doesn't offer this option to scale things down according to one's budget. I believe these sticks would fill the gap for many people out there who don't want to sit for months on an ASIC preorder and don't want to deal with GPU mining at this point. They just need to bring the price down.

Very well said.

I would only like to add that Avalon chips being generally available through the several group buys do fill the gap between (soon obsolete) GPUs and full Avalon units. However, since the smallest currently planned design fits 10 Avalon chips per unit, you're still looking at a 150+ USD / 120+ euro "investment" even then. Had Asicminer priced these USB sticks competitively, they'd been able to fill the low-end niche before DIY Avalon boards become available en masse. They still could, but I doubt that.

I foresee a DIY one-chip Avalon USB module being the thing people want, as it will have a realistic price point instead of this novelty item.


Title: Re: [Announcement] Block Erupter USB
Post by: vdragon on May 06, 2013, 09:44:42 AM
Vastly overpriced, compared to anything else


Title: Re: [Announcement] Block Erupter USB
Post by: stenkross on May 06, 2013, 09:55:43 AM
Random miner/investor says: This is over priced! :o
That is your opinion, and you are entitled to one.

And still group buy threads are created and reach > 300 units each, so obviously the market does not agree with you.

The price WILL come down, don't worry, this is just the first batch.
Go ahead and buy Avalon/BFL/FPGA/GPU/something else that gives you more Ghz/BTC until that happens.


Title: Re: [Announcement] Block Erupter USB
Post by: memvola on May 06, 2013, 10:12:34 AM
Random miner/investor says: This is over priced! :o
That is your opinion, and you are entitled to one.

And still group buy threads are created and reach > 300 units each, so obviously the market does not agree with you.

The price WILL come down, don't worry, this is just the first batch.
Go ahead and buy Avalon/BFL/FPGA/GPU/something else that gives you more Ghz/BTC until that happens.

I think people are stressed about it because they really really want one, but the ROI doesn't perfectly justify the purchase.

This happens a lot with electronics. I make a habit of buying second hand, or at least wait until the craze is over. However, if it's something I really want right now, I do pay the "insane" amount, even if it's not justified with return.

This is such a case, I think. It really doesn't have to pay for itself; it's an awesome development and I want to have the damn thing as a trophy. If it pays for itself in a couple of years, I'd be even happier.

This device isn't for professional miners, period. If you are planning to plug hundreds of these to a hub, you are probably mislead, though I'm sure retail vendors would likely be "testing" these miners until they are sold. ;) Come to think of it, you can buy 300 of these and sell them with an ever reducing mark-up this way.


Title: Re: [Announcement] Block Erupter USB
Post by: noedaRDH on May 06, 2013, 10:21:41 AM
Random miner/investor says: This is over priced! :o
That is your opinion, and you are entitled to one.

And still group buy threads are created and reach > 300 units each, so obviously the market does not agree with you.

The price WILL come down, don't worry, this is just the first batch.
Go ahead and buy Avalon/BFL/FPGA/GPU/something else that gives you more Ghz/BTC until that happens.

I think people are stressed about it because they really really want one, but the ROI doesn't perfectly justify the purchase.

This happens a lot with electronics. I make a habit of buying second hand, or at least wait until the craze is over. However, if it's something I really want right now, I do pay the "insane" amount, even if it's not justified with return.

This is such a case, I think. It really doesn't have to pay for itself; it's an awesome development and I want to have the damn thing as a trophy. If it pays for itself in a couple of years, I'd be even happier.

This device isn't for professional miners, period. If you are planning to plug hundreds of these to a hub, you are probably mislead, though I'm sure retail vendors would likely be "testing" these miners until they are sold. ;) Come to think of it, you can buy 300 of these and sell them with an ever reducing mark-up this way.


Yes I agree that these gadgets are not meant to replace the big boys (i.e. ASICs).

But I'm just suggest how better pricing could satisfy both the curious person who wants a couple of these to play around with (for fun), AND the more business-oriented person who wants to a dozen because he/she can't afford the risk in paying/waiting for an Avalon or another comparable $$$$ unit that can't be scaled back (I don't consider the BFL 4.5GH-5GH'er an actual product at this moment).


Title: Re: [Announcement] Block Erupter USB
Post by: shapemaker on May 06, 2013, 11:29:38 AM
These are a steal.

Indeed! I would consider myself robbed if I were to buy these with any kind of a ROI in mind ;)


Title: Re: [Announcement] Block Erupter USB
Post by: Hawkix on May 06, 2013, 11:58:35 AM
Chance is increasing with every day for Bitcoin and SHA-256 to become obsolete technologies. Sorry to reveal it to you, but Bitcoin is not the future of cryptocoins.

Well, what's the future of cryptocoins, then?


Title: Re: [Announcement] Block Erupter USB
Post by: shapemaker on May 06, 2013, 12:12:44 PM
I'm going to assume you will either GPU mine, not mine at all, or consider yourself scammed if you send BTC to BFL.

GPUs are still going strong. Free electricity makes them profitable even now, for a while. I make more BTC by playing the Gox/BTC-e markets however, so it's just a matter of "when do I bother turning my GPU rigs off". And BFL... don't make me laugh...

Anyway, the point is that these Asicminer USB thingamajingas aren't something to buy if you intend to invest for profit. Even GPUs are better because their resale value doesn't just evaporate. Sure, buy them for the novelty value, but an investment they're not, and you shouldn't try to pass them off as such. Of course, it's your bitcoins so...


Title: Re: [Announcement] Block Erupter USB
Post by: stslimited on May 06, 2013, 12:13:34 PM
Chance is increasing with every day for Bitcoin and SHA-256 to become obsolete technologies. Sorry to reveal it to you, but Bitcoin is not the future of cryptocoins.

Well, what's the future of cryptocoins, then?

the bitcoin algorithm can be switched

the only pushback will be from people that invested too much in Application Specific Integrated Circuits for Sha-256, but it is possible to continue the hashes in another algorithm, difficulty will plummet for a time


Title: Re: [Announcement] Block Erupter USB
Post by: JimiQ84 on May 06, 2013, 12:20:38 PM
Avalon Asic Chips are about $7 to $8 a piece with 282mh/s

Yes, and that makes me wonder what exactly costs over $200 extra - once all manufacturing costs are removed - with Block Erupter USB. Design? Prada or Gucci maybe?

Supply and demand. Free market.


Title: Re: [Announcement] Block Erupter USB
Post by: JimiQ84 on May 06, 2013, 12:21:19 PM
Chance is increasing with every day for Bitcoin and SHA-256 to become obsolete technologies. Sorry to reveal it to you, but Bitcoin is not the future of cryptocoins.

Well, what's the future of cryptocoins, then?

the bitcoin algorithm can be switched

the only pushback will be from people that invested too much in Application Specific Integrated Circuits for Sha-256, but it is possible to continue the hashes in another algorithm, difficulty will plummet for a time

I suppose 51% majority must agree on this and it never will, unless there is something wrong with sha-256, which there is not.


Title: Re: [Announcement] Block Erupter USB
Post by: JimiQ84 on May 06, 2013, 12:34:16 PM
Avalon Asic Chips are about $7 to $8 a piece with 282mh/s

Yes, and that makes me wonder what exactly costs over $200 extra - once all manufacturing costs are removed - with Block Erupter USB. Design? Prada or Gucci maybe?

Supply and demand. Free market.

There is not much demand for this devices at 1.99 BTC. Check around a little before you post more.

Demand is low and supply is extremely low. Do your math.


Title: Re: [Announcement] Block Erupter USB
Post by: Marrs on May 06, 2013, 12:42:29 PM
People are going to make ROI hand over fist with these!

By people, I mean specifically and only Bitfountain and ASICMINER shareholders... ;-)


Title: Re: [Announcement] Block Erupter USB
Post by: muyuu on May 06, 2013, 12:44:27 PM

Demand is low and supply is extremely low. Do your math.

Not according to Bitfountain.

What's small too is the window of opportunity for these devices at any price above 0.5BTC.


Title: Re: [Announcement] Block Erupter USB
Post by: Xian01 on May 06, 2013, 02:10:07 PM
Vastly overpriced, compared to anything else
The only other real mining product ready to ship are gpus. These are a steal.
Bfl lol one year and yet to ship my 60 ghash unit. They are only in second stage deveopment.

 What the heck are you talking about ?! BFL shipped on April 1st. No joke ! Don't you know anything ?!??


Title: Re: [Announcement] Block Erupter USB
Post by: HowGudAmI on May 06, 2013, 02:19:50 PM
I know there is already a lot of complaint about the price in this thread, and this post is just going to be a +1.

Do it for <1BTC and I will buy it.


Title: Re: [Announcement] Block Erupter USB
Post by: Tyger on May 06, 2013, 03:10:18 PM
w8 and see what competition does to the price when avalon releases there asic chip info.


Title: Re: [Announcement] Block Erupter USB
Post by: Shevek on May 06, 2013, 03:24:44 PM
Chance is increasing with every day for Bitcoin and SHA-256 to become obsolete technologies. Sorry to reveal it to you, but Bitcoin is not the future of cryptocoins.

Well, what's the future of cryptocoins, then?

the bitcoin algorithm can be switched

the only pushback will be from people that invested too much in Application Specific Integrated Circuits for Sha-256, but it is possible to continue the hashes in another algorithm, difficulty will plummet for a time

These "people that invested too much in Application Specific Integrated Circuits for Sha-256" will have the biggest part of hashrate. They simply don't let change the algorithm.

https://bitcointalk.org/index.php?topic=192380.0


Title: Re: [Announcement] Block Erupter USB
Post by: memvola on May 06, 2013, 03:47:05 PM
These "people that invested too much in Application Specific Integrated Circuits for Sha-256" will have the biggest part of hashrate. They simply don't let change the algorithm.

That isn't really something miners can dictate.

You ask for miner vote in hard forks because you want them to back the fork up with their hash-rate. It is essential for the security of the fork, though it's not essential for switch to happen, it's completely up to the users (merchants, exchanges, etc. included). If miners don't switch, the new fork will be less secure, so there is some influence there.

However, even that doesn't apply for the ASIC situation because you can't make use of that hashrate anyway.

Besides, an algorithm switch would very likely be planned a few years in advance. There will be plenty of time for old hardware to become obsoleted, which is inevitable anyway with advances in ASIC development, even without a protocol change.


Title: Re: [Announcement] Block Erupter USB
Post by: Shevek on May 06, 2013, 04:06:43 PM
These "people that invested too much in Application Specific Integrated Circuits for Sha-256" will have the biggest part of hashrate. They simply don't let change the algorithm.

That isn't really something miners can dictate.


Mi bedaŭras memvola, sed vole aŭ nevole ministoj havas la povon ;-)

It the miners with the highest part of HR don't switch, the blockchain will fork, with the SHA256 blocks as the main ones, and the others simply orphaned.


Title: Re: [Announcement] Block Erupter USB
Post by: turtle83 on May 06, 2013, 04:11:39 PM
These "people that invested too much in Application Specific Integrated Circuits for Sha-256" will have the biggest part of hashrate. They simply don't let change the algorithm.

That isn't really something miners can dictate.


Mi bedaŭras memvola, sed vole aŭ nevole ministoj havas la povon ;-)

It the miners with the highest part of HR don't switch, the blockchain will fork, with the SHA256 blocks as the main ones, and the others simply orphaned.


NO.
Its upto each client installation to decide what block they will use and validate. If bitcoin issues a new client with new algo going forward, the fork used by most users (especially exchanges and traders) would be the prevailing one.


Title: Re: [Announcement] Block Erupter USB
Post by: tigerfree on May 06, 2013, 04:17:07 PM
friedcat he should lower his price a little bit.


Title: Re: [Announcement] Block Erupter USB
Post by: augustocroppo on May 06, 2013, 04:22:55 PM
How do I buy?

https://bitcointalk.org/index.php?topic=195540.0


Title: Re: [Announcement] Block Erupter USB
Post by: sunblaster on May 06, 2013, 04:33:33 PM
friedcat he should lower his price a little bit.

If by little bit you mean 75% less then yeah lets get a lower quote.


Title: Re: [Announcement] Block Erupter USB
Post by: ektwr on May 06, 2013, 04:40:30 PM
Can i have the authors permission to put a small review of the usb miner project to my sites?

http://www.mineasics.com and http://www.mining-bitcoins.co

TIA


Title: Re: [Announcement] Block Erupter USB
Post by: friedcat on May 06, 2013, 05:10:52 PM
Update

This is a picture showing the relative size to the laptop. One with heatsink and one without.
http://i42.tinypic.com/2z589s5.jpg

We also tested it on the USB-hub. Seven in a row run over a whole night and are all very stable.
http://i41.tinypic.com/2zexbi1.jpg


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 06, 2013, 05:14:55 PM
wait - so, if they'll run without the heatsinks, why did you make/order heatsinks that we now have to pay for?


Title: Re: [Announcement] Block Erupter USB
Post by: friedcat on May 06, 2013, 05:18:03 PM
wait - so, if they'll run without the heatsinks, why did you make/order heatsinks that we now have to pay for?
The heatsink costs $0.1 or so and mitigates the temperature from the hashing IC. The IC works fine on high temperature but it may hurt the fingers if accidentally touched at its back.


Title: Re: [Announcement] Block Erupter USB
Post by: Transisto on May 06, 2013, 05:24:47 PM
I would put a 80mm fan on top of this.
http://usih.merchantrunglobal.com/ImageHosting/ViewImage.aspx?GlobalID=1003&MerchantID=1327&ImageID=69759&DisplaySize=-1&ListingID=597456
5$ (power supply not included)


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 06, 2013, 05:25:29 PM
wait - so, if they'll run without the heatsinks, why did you make/order heatsinks that we now have to pay for?
The heatsink costs $0.1 or so and mitigates the temperature from the hashing IC. The IC works fine on high temperature but it may hurt the fingers if accidentally touched at its back.

...well. alright then. i'll just... be over here. quietly. *feels dumb*


Title: Re: [Announcement] Block Erupter USB
Post by: wormbog on May 06, 2013, 05:26:04 PM
They look great! And what a cool way to introduce friends to bitcoin by letting them participate in mining. That's what hooked me in the first place.

I'll buy a bunch of these if/when the price comes down to 400-500 mbtc.


Title: Re: [Announcement] Block Erupter USB
Post by: Rampion on May 06, 2013, 05:27:27 PM

Yeah man, 10 of these USB is 20BTC or $2.4K at current exchange rate. A bargain indeed.

This could make sense as a present, or as a funny toy... I really love the gadget itself. But come on, running ten of them, knowing they will never ROI... Why? What's the purpose?


Title: Re: [Announcement] Block Erupter USB
Post by: dvdrewritable on May 06, 2013, 05:29:03 PM
Quote
Yes I hold stock and will also be buying these. why buy GPUs when we can get this? Also I do not have much trust in BFL.

well nobody is buying GPU to mine bitcoin as it is not economical these days. The same thing applies to this - does not matter that it's more efficient, or that there is currently no better competition shipping,  you will still not see a return; and if ultimately you are losing money- where is the sense?

When this was announced, there was a huge amount of interest, everyone and their dog wanted one.. at this price, much smaller percentage are willing to be milked


Title: Re: [Announcement] Block Erupter USB
Post by: Transisto on May 06, 2013, 05:31:09 PM
no reserve auction !

Onward... with Terahashes ...


Title: Re: [Announcement] Block Erupter USB
Post by: Rampion on May 06, 2013, 05:35:32 PM
Yeah man, 10 of these USB is 20BTC or $2.4K at current exchange rate. A bargain indeed.

This could make sense as a present, or as a funny toy... I really love the gadget itself. But come on, running ten of them, knowing they will never ROI... Why? What's the purpose?
Have them mine while we find the right price...

I'm tired of hearing about this,
I call for a no reserve auction NOW !!!

I'm just saying that I think it's pointless to have 10 of these guys mining because of their price per MH/s. I think we all agree that these are not intended to be a mining investment, but a cool toy - I think even friedcat agrees on that by how he presented the product in the OP. Thus, I can understand buying some of these as a curiosity, as a gift, etc. etc. etc... But to run them in a "semi-pro" way in a big USB hub is pointless IMHO, who is really going to do that? Frankly: are you?


Title: Re: [Announcement] Block Erupter USB
Post by: rammy2k2 on May 06, 2013, 05:46:32 PM
as far as i see, there is no intention from sellers to lower price ... so i guess everybody who say ill buy 10 when price will get lower should rethink their plans :)


Title: Re: [Announcement] Block Erupter USB
Post by: wormbog on May 06, 2013, 05:55:08 PM
as far as i see, there is no intention from sellers to lower price ... so i guess everybody who say ill buy 10 when price will get lower should rethink their plans :)

The plan is to wait until competing products drive the price down. It will happen eventually.


Title: Re: [Announcement] Block Erupter USB
Post by: tigerfree on May 06, 2013, 06:00:25 PM
as far as i see, there is no intention from sellers to lower price ... so i guess everybody who say ill buy 10 when price will get lower should rethink their plans :)

The plan is to wait until competing products drive the price down. It will happen eventually.

+1


Title: Re: [Announcement] Block Erupter USB
Post by: batcoin on May 06, 2013, 07:30:47 PM
I am curious how the individual units in the bulk 300 order will be packaged.


Title: Re: [Announcement] Block Erupter USB
Post by: furuknap on May 06, 2013, 07:35:03 PM
Update
We also tested it on the USB-hub. Seven in a row run over a whole night and are all very stable.
http://i41.tinypic.com/2zexbi1.jpg

So... Why does the USB Hub say 10 ports and there are only 9 then? Huh? Huh? Some sort of scam, methinks...

OK, I'll start being serious. Great update, love the look, just geeky enough to appeal to those who would be technical enough to understand one.

.b


Title: Re: [Announcement] Block Erupter USB
Post by: r3animation on May 06, 2013, 07:44:06 PM
Update
We also tested it on the USB-hub. Seven in a row run over a whole night and are all very stable.
http://i41.tinypic.com/2zexbi1.jpg

So... Why does the USB Hub say 10 ports and there are only 9 then? Huh? Huh? Some sort of scam, methinks...

OK, I'll start being serious. Great update, love the look, just geeky enough to appeal to those who would be technical enough to understand one.

.b

There's a port at the end facing outwards. I have the same one. :)


Title: Re: [Announcement] Block Erupter USB
Post by: furuknap on May 06, 2013, 07:49:22 PM
There's a port at the end facing outwards. I have the same one. :)

Hah! That's just something you say because you're an ASICMiner fanboi and want to drive share prices higher!!! Prove it! Not that you have one that *looks* like this that you could have gotten anywhere, but that you have *the same one*, meaning the one *in this picture*, which, of course, also means you have to prove that nobody has just replaced it with a mockup with 10 ports just to fake the evidence.

Otherwise, it's all clearly proven it's a scam.

OK, OK, I'll start being serious in 3... 2... 1... NOW!

Speaking of share price, the BTCT PT seems to have a whole lot of sellers at low numbers. Any theories from anyone as to why? The future looks bright and all; why would someone dump large amounts of shares now compared to last week when the price was ฿0.1 higher?

.b


Title: Re: [Announcement] Block Erupter USB
Post by: SmiGueL on May 06, 2013, 08:08:59 PM
Because you asked for it  ;)
http://img441.imageshack.us/img441/5742/10usbport.png (http://www.buyincoins.com/new_en/details/10-ports-usb-2-0-hub-high-speed-w-power-ac-adapter-product-1855.html)


Title: Re: [Announcement] Block Erupter USB
Post by: furuknap on May 06, 2013, 08:11:09 PM
Because you asked for it  ;)

Yeah, I think I've dragged that one as far as it will go.

Seriously, though, what would cause the price to drop so much and the willingness to sell rise on positive news only? It's like Apple had announced the iPhone 7 would give users free sex and beer and everyone suddenly dumping their shares...

.b


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 06, 2013, 09:01:53 PM
I am curious how the individual units in the bulk 300 order will be packaged.

as am i.


Title: Re: [Announcement] Block Erupter USB
Post by: Socket54 on May 06, 2013, 09:18:18 PM
as far as i see, there is no intention from sellers to lower price ... so i guess everybody who say ill buy 10 when price will get lower should rethink their plans :)

The plan is to wait until competing products drive the price down. It will happen eventually.

I am gonna wait till they are about 30-50 bucks or so in a few months on ebay or see if the other usb: https://bitcointalk.org/index.php?topic=196281.0

is around the cheaper price they are shooting for.


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 06, 2013, 09:27:46 PM
Update

We also tested it on the USB-hub. Seven in a row run over a whole night and are all very stable.
image snip

Would they fit with the heatsinks attached?  It looks like there might be a problem there.
wait - so, if they'll run without the heatsinks, why did you make/order heatsinks that we now have to pay for?
The heatsink costs $0.1 or so and mitigates the temperature from the hashing IC. The IC works fine on high temperature but it may hurt the fingers if accidentally touched at its back.


Title: Re: [Announcement] Block Erupter USB
Post by: vivabitcoin on May 06, 2013, 10:14:08 PM
With everyone bitching about the price I think I want to add my two cents. The only feasible way the price is going to drop is if no one buys these, for a while. But because we all want these so bad, there are going to be some of us who are going to drop the 2BTC on them. Especially for those of us who bought into BTC when it was cheap. As long as there is demand at the current price, it shouldn't drop too much. The company can simply substitute with more mining... So in the end, the price will probably not be dropping until another company creates a similar one... But until then, I'm just gonna look at these pictures and wish I had a fatter wallet.


Title: Re: [Announcement] Block Erupter USB
Post by: SilentSonicBoom on May 06, 2013, 10:16:05 PM
Update

This is a picture showing the relative size to the laptop. One with heatsink and one without.
http://i42.tinypic.com/2z589s5.jpg

We also tested it on the USB-hub. Seven in a row run over a whole night and are all very stable.
http://i41.tinypic.com/2zexbi1.jpg

Will these fit in usb as shown with heatsinks attached? Also, are they usb 2.0 compatible ( I assume they are). Finally, will they work on bitminter with their java program. Thanks.


Title: Re: [Announcement] Block Erupter USB
Post by: stripykitteh on May 06, 2013, 11:02:28 PM
Because you asked for it  ;)

Yeah, I think I've dragged that one as far as it will go.

Seriously, though, what would cause the price to drop so much and the willingness to sell rise on positive news only? It's like Apple had announced the iPhone 7 would give users free sex and beer and everyone suddenly dumping their shares...

.b

Probably because everyone heard I bought AM last week.  :-\


Title: Re: [Announcement] Block Erupter USB
Post by: daemondazz on May 07, 2013, 12:02:11 AM
Probably because everyone heard I bought AM last week.  :-\

So it's all your fault!

Back on topic, wanna organise a group buy for Aus? :)


Title: Re: [Announcement] Block Erupter USB
Post by: JaredR26 on May 07, 2013, 12:28:40 AM
With everyone bitching about the price I think I want to add my two cents. The only feasible way the price is going to drop is if no one buys these, for a while. But because we all want these so bad, there are going to be some of us who are going to drop the 2BTC on them. Especially for those of us who bought into BTC when it was cheap. As long as there is demand at the current price, it shouldn't drop too much. The company can simply substitute with more mining... So in the end, the price will probably not be dropping until another company creates a similar one... But until then, I'm just gonna look at these pictures and wish I had a fatter wallet.

Buying like this is like a giant game of chicken.  Some people will buy it.  They will benefit from earlier hashing power.  Those who wait may get a lower price, but at a higher hashrate over less time.

Except you're not playing chicken with the guy selling.  You're playing with all of the other buyers.


Title: Re: [Announcement] Block Erupter USB
Post by: byronbb on May 07, 2013, 01:12:16 AM
Obviously this is not good value, and should not be viewed as a means to mine for profit, but to help decentralise the network. If you hold bitcoins and have gained in equity thanks to the upward price movements, trading a small part of your gains to help support the network and defend your overall investment is worth considering.


Title: Re: [Announcement] Block Erupter USB
Post by: stripykitteh on May 07, 2013, 01:35:51 AM
Probably because everyone heard I bought AM last week.  :-\

So it's all your fault!

Back on topic, wanna organise a group buy for Aus? :)

Not a bad idea.


Title: Re: [Announcement] Block Erupter USB
Post by: PeZ on May 07, 2013, 02:03:25 AM
Let's see a video of them actually mining. I'm having a hard time believing these little things actually work at 300MH/s.


Title: Re: [Announcement] Block Erupter USB
Post by: Franktank on May 07, 2013, 03:11:58 AM
Let's see a video of them actually mining. I'm having a hard time believing these little things actually work at 300MH/s.

Proof? They attach about 32 chips per board (10 GH/s per board) and mine with them:

https://bitcointalk.org/index.php?topic=178275.0

Want to see it in action? They use those boards themselves, ASICMiner is easily 20% of the current network:

https://www.btcguild.com/index.php?page=rankings [User 67117]

http://bitminter.com/livestats/big [realasicminer]

That work?


Title: Re: [Announcement] Block Erupter USB
Post by: Jaxkr on May 07, 2013, 03:16:01 AM
Awesome product.
Unfortunately, your price point is, to be blunt, retarded.

Yeah. Don't get it. I can get a Jalapeño from BFL (eww) for just a little more, and I get 5 GH/s, as opposed to 300 MH/s.


Title: Re: [Announcement] Block Erupter USB
Post by: Franktank on May 07, 2013, 03:21:40 AM
Awesome product.
Unfortunately, your price point is, to be blunt, retarded.

Yeah. Don't get it. I can get a Jalapeño from BFL (eww) for just a little more, and I get 5 GH/s, as opposed to 300 MH/s.

Yes, that is a valid point but be prepared to wait awhile. Is there a premium on ASICMiner products (compared to Avalon/BFL)? Yes, because you get your product within a week. If folks are willing to wait for Avalon/BFL for lower prices, feel free to do so. Question you have to ask is do you want your hash power now or later?

There are folks trying to get their batches of Avalon chips, making USB miners of their own. If they can do it, that's great! Competition for AM and they'll have to react to the market. However, ASICMiner will have technical support and quality control for their USB miners. Can the DIY Avalon USB miners say the same?


Title: Re: [Announcement] Block Erupter USB
Post by: Anonymousg64 on May 07, 2013, 03:22:47 AM
Maybe you should consider CedarTec, although the debate on their legitimacy is not over.

https://bitcointalk.org/index.php?topic=170739.0


Title: Re: [Announcement] Block Erupter USB
Post by: Noitev on May 07, 2013, 05:13:30 AM
Maybe you should consider CedarTec, although the debate on their legitimacy is not over.

https://bitcointalk.org/index.php?topic=170739.0

Their legitimacy is so in question I would hesitate to even reference them imo.

Also If I see another person post it's decentralizing the network, it leads me to 1 of 2 conclusions...

1. You are solomining, which will probably never net a block.

2. you are using a pool (chances are, a big one) which doesn't really decentralize it.

either way the amount added to the network is so small I dare call it negligible


Title: Re: [Announcement] Block Erupter USB
Post by: mutex on May 07, 2013, 08:30:57 AM
Also If I see another person post it's decentralizing the network, it leads me to 1 of 2 conclusions...

1. You are solomining, which will probably never net a block.

2. you are using a pool (chances are, a big one) which doesn't really decentralize it.

either way the amount added to the network is so small I dare call it negligible

Why using a pool doesn't decentralize network? There are many pools, and you can move your hashrate between them freely. You can also start your own pool.

Although I do agree, that cumulative hashrate of these toys is gonna be negligible and thus would hardly do anything for decentralization.


Title: Re: [Announcement] Block Erupter USB
Post by: Noitev on May 07, 2013, 08:34:59 AM
Also If I see another person post it's decentralizing the network, it leads me to 1 of 2 conclusions...

1. You are solomining, which will probably never net a block.

2. you are using a pool (chances are, a big one) which doesn't really decentralize it.

either way the amount added to the network is so small I dare call it negligible

Why using a pool doesn't decentralize network? There are many pools, and you can move your hashrate between them freely. You can also start your own pool.

Although I do agree, that cumulative hashrate of these toys is gonna be negligible and thus would hardly do anything for decentralization.

just cause you are centralizing it to the pool. instead of a lot of small computers your adding hashrates to a big one. I love the idea, just way  way too expensive. was ready to buy a lot of these at a cheaper price and retail em, but many 2 btc is outrageous


Title: Re: [Announcement] Block Erupter USB
Post by: mjsbuddha on May 07, 2013, 10:37:50 AM
ARE YOU PEOPLE NUTS?! $230 for a device that's 1/16th the speed of the $275 BFL machine? These should be $30. $40 tops.


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 07, 2013, 10:38:56 AM
ARE YOU PEOPLE NUTS?! $230 for a device that's 1/16th the speed of the $275 BFL machine? These should be $30. $40 tops.

delivery time, novelty value, loathing of bfl, etc... it's all been said.


Title: Re: [Announcement] Block Erupter USB
Post by: BitHub on May 07, 2013, 10:45:05 AM
asicminer share price tanking :(


Title: Re: [Announcement] Block Erupter USB
Post by: reactor on May 07, 2013, 11:32:38 AM
My only issue, while I've got three in the group order, is the price.  The price is gouging because it is neat and new.  But the price is absurd for the rate and prices it out of the range of buying these for casual users.  Personally I think the giant f-off block that the ASIC group is literally a slap in the face with this product since by their own admission BitFountain is going to put enough hardware online to make these irrelevant. 

This isn't altruism, it's greed.  Overpricing for hardware is Apple's business.  We knew this is where things were going, but 'ASICMiner' is going to be the single driving point we can all look at a year from now and say "Yup, *they* drove the GPU folks out of Bitcoin".  It's the natural order of things, but don't feed us bullshit about altruism and wanting to spread the network.  People on BTCGuild have had to move to other pools to stay profitable because the pool is now 67117's pool and we get some shares too, and they know damn well the price point they are offering is absurd for these little sticks.


Title: Re: [Announcement] Block Erupter USB
Post by: DPoS on May 07, 2013, 12:24:53 PM
My only issue, while I've got three in the group order, is the price.  The price is gouging because it is neat and new.  But the price is absurd for the rate and prices it out of the range of buying these for casual users.  Personally I think the giant f-off block that the ASIC group is literally a slap in the face with this product since by their own admission BitFountain is going to put enough hardware online to make these irrelevant. 

This isn't altruism, it's greed.  Overpricing for hardware is Apple's business.  We knew this is where things were going, but 'ASICMiner' is going to be the single driving point we can all look at a year from now and say "Yup, *they* drove the GPU folks out of Bitcoin".  It's the natural order of things, but don't feed us bullshit about altruism and wanting to spread the network.  People on BTCGuild have had to move to other pools to stay profitable because the pool is now 67117's pool and we get some shares too, and they know damn well the price point they are offering is absurd for these little sticks.

like I said earlier, if they shipped directly to each buyer now at this price (shipping inclided) it would be fine

but it is annoying to have this price point and still have to include escrow, extra shipping, etc and hassle

that is where the bad blood really comes from.  I don't think they can sell 10,000 of these at this price.  And they probably don't care. 


Title: Re: [Announcement] Block Erupter USB
Post by: stenkross on May 07, 2013, 12:26:01 PM
I've got three in the group order
...
Personally I think the giant f-off block that the ASIC group is literally a slap in the face with this product
...
This isn't altruism, it's greed.
...
they know damn well the price point they are offering is absurd for these little sticks.

And still you are going to support those face slapping, greedy bastards by giving them your BTC's?!

If you are first to produce something that many people want, you can charge A LOT of money, then, after a while competition will force down the prices.
This is the way capitalism works.

Don't like it?
Vote democrat, I'm sure they'll hand out free USB miners in a couple years, along with their free cell phone program.


Title: Re: [Announcement] Block Erupter USB
Post by: JimiQ84 on May 07, 2013, 12:32:39 PM
I've got three in the group order
...
Personally I think the giant f-off block that the ASIC group is literally a slap in the face with this product
...
This isn't altruism, it's greed.
...
they know damn well the price point they are offering is absurd for these little sticks.

And still you are going to support those face slapping, greedy bastards by giving them your BTC's?!

If you are first to produce something that many people want, you can charge A LOT of money, then, after a while competition will force down the prices.
This is the way capitalism works.

Don't like it?
Vote democrat, I'm sure they'll hand out free USB miners in a couple years, along with their free cell phone program.

I believe it's called cream skimming. AM has something unique, that nobody else has. USB low-power low-maintenance hashing units. If you want them - you'll pay. If not, it's okay with AM.


Title: Re: [Announcement] Block Erupter USB
Post by: reactor on May 07, 2013, 12:37:29 PM
The way Capitalism (big C, the religion the western world swears by) works is that the first person to market has two options - price fairly or gouge because they are the leader.  BitFountain obviously chose option #2 on this one, they are overpricing nearly worthless hardware (or rather, hardware that will effectively become worthless once they roll out their real products).  

And my three are per my investors, I run hardware and trade, they pay for it.  So they currently want three of these (there are three investors, do the math :D) despite my reservations.  And obviously competition will make hashes cheaper over time, however anyone saying they're going to gouge you for the good of the network is selling bullshit.  Bullshit with an LED, mind you, but plain bullshit. :)


Title: Re: [Announcement] Block Erupter USB
Post by: markyminer on May 07, 2013, 12:40:10 PM
Awesome product.
Unfortunately, your price point is, to be blunt, retarded.

Yeah. Don't get it. I can get a Jalapeño from BFL (eww) for just a little more, and I get 5 GH/s, as opposed to 300 MH/s.

Yes, that is a valid point but be prepared to wait awhile. Is there a premium on ASICMiner products (compared to Avalon/BFL)? Yes, because you get your product within a week. If folks are willing to wait for Avalon/BFL for lower prices, feel free to do so. Question you have to ask is do you want your hash power now or later?

There are folks trying to get their batches of Avalon chips, making USB miners of their own. If they can do it, that's great! Competition for AM and they'll have to react to the market. However, ASICMiner will have technical support and quality control for their USB miners. Can the DIY Avalon USB miners say the same?

Delivery within a week eh? Rubbish. Ok who do I send by 2BTC to today to get delivery and be mining with it by 14th May 2013?

Wont happen. will take over a week to agree "wholesale" group buy's. then funds have to be collected, many will not pay, other buyers will have to be found. Then AM have to ship to the wholesale group who then have to organised smaller shipping to group participants. If yopu are lucky they will have pre organised packaging and shipping company.

Then of the wholesale units not kept and sold, thye have to set a "retail" price. This is not Apple so AM have no chance of fixing a "retial" price. So what is that? 3BTC, 4BTC? Ebay auction for highest $/£/€ ?

Say most retail are sold on a seven day ebay auction. Thats at least 10 days to the "miner", if any will buy at retail at all as 2 BTC ius way to high wholesale as it is.

If many of these are actually mining by 1st week of June I will eat my hat!

Now lets look at difficulty.  @ 10m difficulty now. in under 6 days it will jump to 10.5m. Not even wholesaLers will have these to mine by then.

By 1st week of june i would guess we will be around 12m difficulty at least, which will be about the time the retail customers recive them. No chance to make money! They have been fleeced.

No lets look at best forecast for the 2BTC wholeslares next week (maybe!). Starting difficulty will be 10.5m. USB unit creates 300m/h @ 3 Watts.

I like to use the Bitclockers calculator as it has a monthly % increase function built in for forecasting.

it's here :  http://bitclockers.com/miningcalculator

So we plumb in the figures.

Hash Rate = 300m/h
Watts used = 3 watts
cost per KWH = 0.12 USD (default, adjust to suit, mine is 0.18)
cost of hardware $220 (2BTC currently approx)
timeframe = 90 days (3 months from delivery next week (yeah right!)
Value of BTC = 113 USD (leave it whatever it pulls as the current price)
Bitcoin difficulty, currently 10m but we have to use 10,540,697 due in 5-6 days.
Difficulty change = 30% (default is 2% but for sure from now on for a few years we are look at at least 30% increase a month as we have had since February in the ASIC arms race)
BTC Block = 25 (this is at least is fixed until 2016)

What results do we get?
24hr profit $1.62
1 month profit $48.64
3 month profit (90 days) $113.55
1 year profit $198.04.

So there we have it, even single use 2BTC wholesalers wont break even in 1 year per unit. and thats not including the cost of shipping and powered USB hubs too.

BTC will have to soar again to $200+ to make a profit, which no miner can control demand and hence price. No demand and price drops.

So lets look at 2 years out but changing timeframe from 90 days to 730 days.

You see the profit after 730days (2 years) is..................$203.18.  Thats a whole $5 profit for the second year of mining with it!

And after 3 years, 1095 days, you make a total of $200.37. you are losing money on a 3w power use machine!

Basicaly just after 2 years time with 12c energy costs you will lose money and after 3 years with free energy you will not make any profit woth bothering with unless BTC shhots up to $200, $500, $1000. It could just as likely drop to $50, $30, $20.

If you buy these you are just doing it for love, makes no commercial sense at all.

M




Title: Re: [Announcement] Block Erupter USB
Post by: muyuu on May 07, 2013, 01:02:51 PM
If you buy these you are just doing it for love, makes no commercial sense at all.

M

This is why you don't see any big orders.

If it made commercial sense I'd buy many more.

It's a novelty item mostly.


Title: Re: [Announcement] Block Erupter USB
Post by: Rampion on May 07, 2013, 01:13:02 PM
If you buy these you are just doing it for love, makes no commercial sense at all.

M

This is why you don't see any big orders.

If it made commercial sense I'd buy many more.

It's a novelty item mostly.

This. If this was made with commercial sense, they could distribute them in traditional channels and sell MILLIONS, while making a HUGE service to Bitcoin.

But, they may have limited production capacity and no easy access to traditional distribution channels - thus, financially this min-max strategy may have a sense for them.

Personally, I would love to see a more ambitious approach for these USB miners.


Title: Re: [Announcement] Block Erupter USB
Post by: jspielberg on May 07, 2013, 01:23:30 PM
They have no interest in producing a low cost miner.  I would interfere with their real money making operations --- mining.

If they see enough competition that their mining operations aren't profitable (unlikely for a while), you may see them start to sell their pans to the prospectors.


Title: Re: [Announcement] Block Erupter USB
Post by: Rampion on May 07, 2013, 01:33:26 PM
They have no interest in producing a low cost miner.  I would interfere with their real money making operations --- mining.

If they see enough competition that their mining operations aren't profitable (unlikely for a while), you may see them start to sell their pans to the prospectors.

Man, you can also think in the big picture. Mining is profitable if the exchange rate is high enough. Exchange rate grows with higher adoption. And now think about how good would be for Bitcoin adoption to spread MILLIONS of USB miners worldwide.

That would be the BEST marketing campaign possible for Bitcoin.


Title: Re: [Announcement] Block Erupter USB
Post by: reactor on May 07, 2013, 01:36:01 PM
The sad fact is this, and sorry to put it this way, but right now BitFountain has BTC by the nuts if they have the quantity and availability of hardware they are talking about.  They are the disruptive force in mining right now.  And not to be mean, but I'm more than willing to assume you'll lose a lot of US BTC users and adopters if they think BTC is more or less owned by a Chinese company.  Sad truth, Americans are very dumb and will make decisions based on that rather than any actual market data.  And you're effed if the media picks that story up, they'll spin it to BTC is some chinese money-making scheme, blah blah, bull bull, etc.  Because dumb Americans thrive on fake news, especially if it hurts their nationalism, and you lose a huge market.

That aside, right now is an important tipping point.  Anyone who wants to stick with GPU needs to move to an alt-coin (in the next ~6 months maybe), anyone who wants to go ASIC has to buy from one of the players (Avalon = overpriced and late, BFL has some hardware but who knows, BitFountain has overpriced blades and novelty sticks).  If you price units out of the range of normal folks, BTC will be artificially limited by the fact that only a small few hold a stanglehold of mining.  Personally, the currency is worthless if I have to pay absurd prices to get USD in (Electrum > Liberty > Gox costs $175 for a first timer to get $100 into Gox), so most folks won't go that route.  

It's gotta be expensive enough that Grandma isn't getting into it but reasonable enough that you can convince a tech-geek friend to buy in.  2BTC => novelty stick is greed, not a buy-in path for the masses.  


Title: Re: [Announcement] Block Erupter USB
Post by: reactor on May 07, 2013, 01:37:46 PM
They have no interest in producing a low cost miner.  I would interfere with their real money making operations --- mining.

If they see enough competition that their mining operations aren't profitable (unlikely for a while), you may see them start to sell their pans to the prospectors.

Man, you can also think in the big picture. Mining is profitable if the exchange rate is high enough. Exchange rate grows with higher adoption. And now think about how good would be for Bitcoin adoption to spread MILLIONS of USB miners worldwide.

That would be the BEST marketing campaign possible for Bitcoin.

If you made them $45. :)  If BFL can reliably deliver on their hardware, the Jalapeno will be the new 7970 and what your tech geek friend buys to start mining.


Title: Re: [Announcement] Block Erupter USB
Post by: markyminer on May 07, 2013, 01:46:40 PM
, but I'm more than willing to assume you'll lose a lot of US BTC users and adopters if they think BTC is more or less owned by a Chinese company.   

Hang on a minute. AM is a Chinese company? I thought it was a USA based company in mainland USA, but with chinese fabs?

If they ship from china then sctrach all my predicitions because if these USB miners are not sitting in a warehouse in the USA or Europe then they will take a month just to reach the wholesalers even if they ship them today!

I'm now positive not more than a handful of these will be live mining 1st week of June.

BTW, where is AM listed? A USA stock eschange? Small Caps? I just curious if they are paying dividends right now? Because if they are not I would not touch the stock with a bargepole. If BTC/USD price tanks their shares will be toast!

M


Title: Re: [Announcement] Block Erupter USB
Post by: John (John K.) on May 07, 2013, 01:50:11 PM
, but I'm more than willing to assume you'll lose a lot of US BTC users and adopters if they think BTC is more or less owned by a Chinese company.   

Hang on a minute. AM is a Chinese company? I thought it was a USA based company in mainland USA, but with chinese fabs?

If they ship from china then sctrach all my predicitions because if these USB miners are not sitting in a warehouse in the USA or Europe then they will take a month just to reach the wholesalers even if they ship them today!

I'm now positive not more than a handful of these will be live mining 1st week of June.

BTW, where is AM listed? A USA stock eschange? Small Caps? I just curious if they are paying dividends right now? Because if they are not I would not touch the stock with a bargepole. If BTC/USD price tanks their shares will be toast!

M
Nah, according to recent blade auctions, packages from friedcat reach all over the world under a week from shipping.


Title: Re: [Announcement] Block Erupter USB
Post by: phantastisch on May 07, 2013, 01:54:19 PM
, but I'm more than willing to assume you'll lose a lot of US BTC users and adopters if they think BTC is more or less owned by a Chinese company.   

Hang on a minute. AM is a Chinese company? I thought it was a USA based company in mainland USA, but with chinese fabs?

If they ship from china then sctrach all my predicitions because if these USB miners are not sitting in a warehouse in the USA or Europe then they will take a month just to reach the wholesalers even if they ship them today!

I'm now positive not more than a handful of these will be live mining 1st week of June.

BTW, where is AM listed? A USA stock eschange? Small Caps? I just curious if they are paying dividends right now? Because if they are not I would not touch the stock with a bargepole. If BTC/USD price tanks their shares will be toast!

M

Not officially listed anywhere, 3 passthroughs exist , paying dividends every Wednesday, if price tanks not much will happen. IPO at 10$USD per BTC for over 100.000 USD$ , initial IPO-Price 0.1 BTC/Share, initial IPO-Price was paid back completely through dividends after in late march. 18 Th deployed and actively mining.


Title: Re: [Announcement] Block Erupter USB
Post by: John (John K.) on May 07, 2013, 01:58:14 PM
, but I'm more than willing to assume you'll lose a lot of US BTC users and adopters if they think BTC is more or less owned by a Chinese company.   

Hang on a minute. AM is a Chinese company? I thought it was a USA based company in mainland USA, but with chinese fabs?

If they ship from china then sctrach all my predicitions because if these USB miners are not sitting in a warehouse in the USA or Europe then they will take a month just to reach the wholesalers even if they ship them today!

I'm now positive not more than a handful of these will be live mining 1st week of June.

BTW, where is AM listed? A USA stock eschange? Small Caps? I just curious if they are paying dividends right now? Because if they are not I would not touch the stock with a bargepole. If BTC/USD price tanks their shares will be toast!

M

Not officially listed anywhere, 3 passthroughs exist , paying dividends every Wednesday, if price tanks not much will happen. IPO at 10$USD per BTC for over 100.000 USD$ , initial IPO-Price 0.1 BTC/Share, initial IPO-Price was paid back completely through dividends after in late march. 18 Th deployed and actively mining.

Current hashrates here: https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=7

There is plans to up the hashrate to 262TH/s in the next 2-3 months, and this has held true so far. We were at 7-8TH not long ago.  ;D


Title: Re: [Announcement] Block Erupter USB
Post by: markyminer on May 07, 2013, 01:59:56 PM

Not officially listed anywhere, 3 passthroughs exist , paying dividends every Wednesday, if price tanks not much will happen. IPO at 10$USD per BTC for over 100.000 USD$ , initial IPO-Price 0.1 BTC/Share, initial IPO-Price was paid back completely through dividends after in late march. 18 Th deployed and actively mining.

So how do you sell you shares if they are not listed on any exchange? Privately via forums?  And how do you know what price to pay if you are buying them? Bid/ask spread must be huge!

M


Title: Re: [Announcement] Block Erupter USB
Post by: phantastisch on May 07, 2013, 02:02:57 PM

Not officially listed anywhere, 3 passthroughs exist , paying dividends every Wednesday, if price tanks not much will happen. IPO at 10$USD per BTC for over 100.000 USD$ , initial IPO-Price 0.1 BTC/Share, initial IPO-Price was paid back completely through dividends after in late march. 18 Th deployed and actively mining.

So how do you sell you shares if they are not listed on any exchange? Privately via forums?  And how do you know what price to pay if you are buying them? Bid/ask spread must be huge!

M

privately or : https://bitfunder.com/asset/G.ASICMINER-PT or https://btct.co/security/ASICMINER-PT or https://bitfunder.com/asset/TAT.ASICMINER.


Title: Re: [Announcement] Block Erupter USB
Post by: markyminer on May 07, 2013, 02:03:38 PM
, but I'm more than willing to assume you'll lose a lot of US BTC users and adopters if they think BTC is more or less owned by a Chinese company.   

Hang on a minute. AM is a Chinese company? I thought it was a USA based company in mainland USA, but with chinese fabs?

If they ship from china then sctrach all my predicitions because if these USB miners are not sitting in a warehouse in the USA or Europe then they will take a month just to reach the wholesalers even if they ship them today!

I'm now positive not more than a handful of these will be live mining 1st week of June.

BTW, where is AM listed? A USA stock eschange? Small Caps? I just curious if they are paying dividends right now? Because if they are not I would not touch the stock with a bargepole. If BTC/USD price tanks their shares will be toast!

M

Not officially listed anywhere, 3 passthroughs exist , paying dividends every Wednesday, if price tanks not much will happen. IPO at 10$USD per BTC for over 100.000 USD$ , initial IPO-Price 0.1 BTC/Share, initial IPO-Price was paid back completely through dividends after in late march. 18 Th deployed and actively mining.

Current hashrates here: https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=7

There is plans to up the hashrate to 262TH/s in the next 2-3 months, and this has held true so far. We were at 7-8TH not long ago.  ;D

And you have people here quing up to pay 2BTC for a 300m/h machine when the seller is openly telling them that they plan to more than quadruple the current network hash rate over the next 2-3 months.

Man there are some stupid people here?

M


Title: Re: [Announcement] Block Erupter USB
Post by: jspielberg on May 07, 2013, 02:31:02 PM
Not stupid.... Uninformed of the realities.   The smart money would be to buy AM shares with those two BTC while they are currently down. I'm not that smart though.


Title: Re: [Announcement] Block Erupter USB
Post by: lophie on May 07, 2013, 02:36:03 PM
Longer ROI, some people are just okay with it!, Especially those who don't pay for electricity  ::), Besides some just want one as souvenir. I know if I could I would buy one just to show the people "Yup, I invested in the awesome people who made this"


Title: Re: [Announcement] Block Erupter USB
Post by: Xian01 on May 07, 2013, 02:46:59 PM
privately or : https://bitfunder.com/asset/G.ASICMINER-PT or https://btct.co/security/ASICMINER-PT or https://bitfunder.com/asset/TAT.ASICMINER.

 Thanks for posting these links. I did not have the foresight to get involved in the AM IPO or get involved with the Bitcoin stock-market at all.

 If I understand correctly, if I go to Bitfunder.com and buy 100 shares of G.ASICMINER-PT, I will then own 100 shares stored at Bitfunder, and they will pay me the dividends in my account that I can then withdraw to my wallet ?


Title: Re: [Announcement] Block Erupter USB
Post by: muyuu on May 07, 2013, 02:47:50 PM
Not stupid.... Uninformed of the realities.   The smart money would be to buy AM shares with those two BTC while they are currently down. I'm not that smart though.

I'd have bought AM shares if they were really for sale, but they're not. You don't get a contract directly with AM any more, or at least not last time I checked. You need to trust a couple extra "layers".

If difficulty is going up so much, you're better off getting some coins at this price.


Title: Re: [Announcement] Block Erupter USB
Post by: markyminer on May 07, 2013, 02:58:15 PM
Longer ROI, some people are just okay with it!, Especially those who don't pay for electricity  ::), Besides some just want one as souvenir. I know if I could I would buy one just to show the people "Yup, I invested in the awesome people who made this"

You will never make an ROI unless BTC rises to $200 in the next few months or $1000 in the next few years!

forcast says in 3 years time network difficulty will be over 1000 million (10 million today) an this USB miner will earn less than 0.0001 btc a day.

M


Title: Re: [Announcement] Block Erupter USB
Post by: velacreations on May 07, 2013, 03:03:38 PM
I'd have bought AM shares if they were really for sale, but they're not. You don't get a contract directly with AM any more, or at least not last time I checked. You need to trust a couple extra "layers".
you can buy shares through auctions in this forum.  They are a direct shares.  But, I don't see the point of direct shares, and typically, bitfunder is .1-.3 btc cheaper per share than direct shares.  They all get the same dividends, and I have no reason not to trust the PTs.

Additionally, you can convert PT shares to direct shares, if you want.


Title: Re: [Announcement] Block Erupter USB
Post by: reactor on May 07, 2013, 04:35:10 PM
Current hashrates here: https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=7

There is plans to up the hashrate to 262TH/s in the next 2-3 months, and this has held true so far. We were at 7-8TH not long ago.  ;D

Point proven.  We're going to 4x the network, meaning our 300 stick is effectively a 75 stick in all reality.  And at 1.99BTC, what a steal!

Time to theorize, a bit.

This also means AM, with that deployment, would blow through the 51% wall, BTC would be insecure, and we should all jump ship before these ambitious upstarts take over.  And there is no "but competitors will be bringing X to market" argument since nobody has proven the ability to deploy anything that counters the hardware that AM will presumably be sitting on.  Which effectively means AM can and/or will selectively maintain an absurd lead mining (not hardware production, but mining) for as long as they please or until a competitor proves its worth.  Still meaning that, much like the folks on BTCGuild, we're currently all on AM's network.  And they're just getting rich off this sh*t. :D


Title: Re: [Announcement] Block Erupter USB
Post by: velacreations on May 07, 2013, 04:58:42 PM
Still meaning that, much like the folks on BTCGuild, we're currently all on AM's network.  And they're just getting rich off this sh*t. :D
which means that now is a good time to buy shares...


Title: Re: [Announcement] Block Erupter USB
Post by: markyminer on May 07, 2013, 05:57:51 PM
Still meaning that, much like the folks on BTCGuild, we're currently all on AM's network.  And they're just getting rich off this sh*t. :D
which means that now is a good time to buy shares...

If I was a shareholder I would want to know why the powers that be @ AM are mining in the BTCguild pool paying (wasting) a 7.5% fee, when they they have enough T/H power to mine solo and keep all fees and block rewards for shareholders.

Surely giving away 7.5% of profits and mining "fees" to a third party is crazy?

M


Title: Re: [Announcement] Block Erupter USB
Post by: reactor on May 07, 2013, 06:03:54 PM
They mine PPLNS, 1.5% fee and averages higher payout than PPS.  They're smart capitalists. :)


Title: Re: [Announcement] Block Erupter USB
Post by: HowGudAmI on May 07, 2013, 06:08:58 PM
They mine PPLNS, 1.5% fee and averages higher payout than PPS.  They're smart capitalists. :)

So their pool gives them more BTC than they would otherwise gain mining solo?

How is this in the pools interest?

(Not fully read up on mining so forgive if the question is dumb)


Title: Re: [Announcement] Block Erupter USB
Post by: reactor on May 07, 2013, 06:15:58 PM
Solo mining is just dumb luck, pooled mining ensures you get paid.  Joy of PPS, no matter how many blocks the pool finds you get paid, but it is riskier (hence hefty fees).  PPLNS means you get paid based on your shares / total shares of found blocks combined value, but since BTCGuild usually does well PPLNS has been a long-term good bet.

Solo has a good chance of finding blocks (for AM, anyway, since they are bigger than most pools), but for investment sakes a pool somewhat guarantees the income.  Plus they seem to have the best luck on BTCGuild (I know I do, next to Bitparking), so they're basically using BTCGuild as a stratum PPLNS server for their mining operation. :)


Title: Re: [Announcement] Block Erupter USB
Post by: PeZ on May 07, 2013, 06:19:27 PM
Aren't you concerned that people will wake up to the reality of the situation and cause Bitcoin to collapse and be replaced?


Title: Re: [Announcement] Block Erupter USB
Post by: Xian01 on May 07, 2013, 06:42:33 PM
...since BTCGuild usually does well PPLNS has been a long-term good bet... they're basically using BTCGuild as a stratum PPLNS server for their mining operation. :)

 So are saying we should all switch to BTCGuild and mine PPLNS because it's the best game in town ?


Title: Re: [Announcement] Block Erupter USB
Post by: velacreations on May 07, 2013, 06:43:30 PM
If I was a shareholder I would want to know why the powers that be @ AM are mining in the BTCguild pool paying (wasting) a 7.5% fee, when they they have enough T/H power to mine solo and keep all fees and block rewards for shareholders.

Surely giving away 7.5% of profits and mining "fees" to a third party is crazy?

Now that they have so much TH, the plan is to go solo in the next few weeks.


Title: Re: [Announcement] Block Erupter USB
Post by: reactor on May 07, 2013, 07:52:30 PM
No, because the admin at BTC is smart and realizes the potential negativity around the 51% situation (something AM is apparently the doombringer of :D) and would raise fees or do something to mitigate.  It's been encouraged to spread the hashing a little to keep everything stable.

As far as AM, the more I think about their situation the more it makes me uncomfortable.  I mean, think about it, they've already got a market for shares of their mining setup.  If someone in BitFountain was industrious you could have the AM-Market where people competitively bid on this market that sits on top of BTC.  Right now we've got auctions and different exchanges, but they could make a mint off of people paying them to make absurd amounts of money.  Oh wait, that's exactly what they are doing!

It's brilliant. :D


Title: Re: [Announcement] Block Erupter USB
Post by: tempestb on May 07, 2013, 08:36:35 PM
It really depends on if they are converting the btc they mine right away, or if they are saving them.  If they cash them out right away, that could drop the value of btc pretty rapidly.   On the other hand, if they save them, it could drive the value up because less of the other miners will get as many coins as before.

The 51% situation is a problem, because as they approach it, the difficulty will also spike causing more and more people to quit mining, bringing them to 51% or over.  This means they'll have to shut down some of their equipment to stay underneath it. 

Once someone gets 40%, they have a 50/50 chance of reversing any transaction.  So once they breach 40%, it's a problem in theory anyway.

It's not good for Bitcoin.  But if Bitcoin fails, so too does their entire operation, so they have choices to make when expanding their hashing power.


Title: Re: [Announcement] Block Erupter USB
Post by: velacreations on May 07, 2013, 08:49:37 PM
If they get close to 50%, they'll just sell mining equipment instead of increasing their hash rate.  In fact, I expect them to do that way before 50%, probably around 25%.  They won't risk taking too much of the global hash rate when they can get a premium for their equipment.

In related news, the share prices are rising!  It seems people are realizing the dividends will be increasing significantly over the next few weeks.

https://docs.google.com/spreadsheet/oimg?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE&oid=24&zx=u3j9s6wjoum2


Title: Re: [Announcement] Block Erupter USB
Post by: jspielberg on May 07, 2013, 09:39:20 PM
AM doesn't strike as foolish. So, they will not be selling mining resources because they are bumping close to 50%.  They will instead move a portion of their hashing to a different pool.

It sounds like that is already happening as I seem to remember from their last communique that their newest 50Th and 200Th farms will be on their own pool(s?).



Title: Re: [Announcement] Block Erupter USB
Post by: SpaceCadet on May 07, 2013, 09:40:19 PM
The plan is to wait until competing products drive the price down. It will happen eventually.

+1

Or more likely, a competing product with better hash for lower unit cost...


Title: Re: [Announcement] Block Erupter USB
Post by: GodHatesFigs on May 08, 2013, 12:34:23 AM
I love all the posts from people acknowledging the ridiculous price, then immediately saying "put me down for 10!!!!"


Title: Re: [Announcement] Block Erupter USB
Post by: doubledave on May 08, 2013, 01:39:55 AM
I love all the posts from people acknowledging the ridiculous price, then immediately saying "put me down for 10!!!!"
I know, right?


Title: Re: [Announcement] Block Erupter USB
Post by: gmouse on May 08, 2013, 06:26:13 AM
I love all the posts from people acknowledging the ridiculous price, then immediately saying "put me down for 10!!!!"
I know, right?

I wouldn't mind buying a piece of history.


Title: Re: [Announcement] Block Erupter USB
Post by: irritant on May 08, 2013, 06:49:39 AM
I love all the posts from people acknowledging the ridiculous price, then immediately saying "put me down for 10!!!!"
I know, right?

I wouldn't mind buying a piece of history.


should resist... ahhrrg cant resist,

historycoin in the making  :D 


Title: Re: [Announcement] Block Erupter USB
Post by: SilentSonicBoom on May 08, 2013, 07:12:29 AM
I am buying at least two in the US/Canada group buy. I like the idea so much I even started a little mining IPO called TURTLE MINING using these USB miners :)


Title: Re: [Announcement] Block Erupter USB
Post by: kost on May 08, 2013, 07:35:08 AM
ARE YOU PEOPLE NUTS?! $230 for a device that's 1/16th the speed of the $275 BFL machine? These should be $30. $40 tops.

Agree with this. It's little overpriced. if 2 BTC for 300 USB, that means 3 or 4 BTC for 1 USB when they start reselling and that's just too much.


Title: Re: [Announcement] Block Erupter USB
Post by: Xian01 on May 08, 2013, 07:37:22 AM
I am buying at least two in the US/Canada group buy. I like the idea so much I even started a little mining IPO called TURTLE MINING using these USB miners :)

I'm not sure it's worth the administrative headache to create a mining IPO starting with 600MH/s :|


Title: Re: [Announcement] Block Erupter USB
Post by: SilentSonicBoom on May 08, 2013, 08:09:26 AM
Probably not. If I get enough purchases, this could be increased. I currently have mining hardware that is greatly in excess of this hashrate :)


Title: Re: [Announcement] Block Erupter USB
Post by: ektwr on May 08, 2013, 08:20:19 AM
I think that a normal price for this gadget it would be 0.7BTC + shipment


Title: Re: [Announcement] Block Erupter USB
Post by: muyuu on May 08, 2013, 09:26:33 AM
I'd have bought AM shares if they were really for sale, but they're not. You don't get a contract directly with AM any more, or at least not last time I checked. You need to trust a couple extra "layers".
you can buy shares through auctions in this forum.  They are a direct shares.  But, I don't see the point of direct shares, and typically, bitfunder is .1-.3 btc cheaper per share than direct shares.  They all get the same dividends, and I have no reason not to trust the PTs.

Additionally, you can convert PT shares to direct shares, if you want.

Can you direct me to these direct share auctions?

Solo mining is just dumb luck, pooled mining ensures you get paid.

Not when you have ~25% of the hashing power and you are bigger than most pools on your own.


Title: Re: [Announcement] Block Erupter USB
Post by: markyminer on May 08, 2013, 11:00:34 AM
any ETA for the USB ?

lol. This is turning into a BFL forum thread now. PMSL.

Well if you are a true beleiver like many here Friedcat (or his fans) says it's available now, pledge with a group buy and you will have it at home mining in 5-6 days (14th May latest) just as difficulty jumps to 10.5million.

If you are a realist i would say 1st week of June at the earliest, if not later when difficulty is between 12-13 million.

Take your pick and hand over your 2BTC.

M


Title: Re: [Announcement] Block Erupter USB
Post by: Rodyland on May 08, 2013, 11:23:31 AM

Can you direct me to these direct share auctions?


Try the auction sub-forum?

https://bitcointalk.org/index.php?board=73.0


Title: Re: [Announcement] Block Erupter USB
Post by: velacreations on May 08, 2013, 02:49:01 PM
Dividend for today is: 0.011 per share


Title: Re: [Announcement] Block Erupter USB
Post by: JimiQ84 on May 08, 2013, 03:24:56 PM
any ETA for the USB ?

lol. This is turning into a BFL forum thread now. PMSL.

Well if you are a true beleiver like many here Friedcat (or his fans) says it's available now, pledge with a group buy and you will have it at home mining in 5-6 days (14th May latest) just as difficulty jumps to 10.5million.

If you are a realist i would say 1st week of June at the earliest, if not later when difficulty is between 12-13 million.

Take your pick and hand over your 2BTC.

M

You should read OP, you'll find that friedcat said that USB miners will be ready in 15-20 days.


Title: Re: [Announcement] Block Erupter USB
Post by: PeZ on May 08, 2013, 03:28:20 PM
Dividend for today is: 0.011 per share
Is that good or bad?


Title: Re: [Announcement] Block Erupter USB
Post by: velacreations on May 08, 2013, 03:38:31 PM
Dividend for today is: 0.011 per share
Is that good or bad?

last week was like .0077, so it is a big increase.

Good.  ;D

By my calculations, if you expect an annual return of 30% from your dividends (.5% per week), then today's is a significant increase and the shares are drastically undervalued at current prices.  To stay at .5% per week at this dividend, the share value should be 2.2 btc.


Title: Re: [Announcement] Block Erupter USB
Post by: JimiQ84 on May 08, 2013, 03:41:20 PM
Dividend for today is: 0.011 per share
Is that good or bad?

Mostly irrelevant for the USB miner buyers.


Title: Re: [Announcement] Block Erupter USB
Post by: lophie on May 08, 2013, 03:49:55 PM
Dividend for today is: 0.011 per share
Is that good or bad?

-_-!, Let me put it this way. I am dancing balalaika right now, I am not even Russian!


Title: Re: [Announcement] Block Erupter USB
Post by: Derringer on May 08, 2013, 05:21:27 PM
Dividend for today is: 0.011 per share
Is that good or bad?

-_-!, Let me put it this way. I am dancing balalaika right now, I am not even Russian!

Ka-ching! :D  My own shares are outperforming my mining this week, then.

Serious questions about these devices' implementation of Icarus protocol though:

(1) are they interruptible (sending down a new work unit discards the one in progress immediately) to minimize stales?  This is a headache with my BFL FPGAs.
(2) If not interrupted, will they scan the entire noncerange or abort after hitting a share?
(3) Do they report found shares immediately or at the end of the work?
(4) Do they implement notification on exhausting the noncerange without finding a share?

I ask this because I'm considering rolling a little custom miner app just for them. ;)


Title: Re: [Announcement] Block Erupter USB
Post by: gog1 on May 08, 2013, 08:05:18 PM
Can they be overclocked?


Title: Re: [Announcement] Block Erupter USB
Post by: wrenchmonkey on May 08, 2013, 08:41:04 PM
I am buying at least two in the US/Canada group buy. I like the idea so much I even started a little mining IPO called TURTLE MINING using these USB miners :)

It would take a special kind of twat to buy into an IPO of 600Mhash that will never break even on the purchase price. Then again, it takes a special kind of twat to buy these things at this price, and yet they're filling up group buys left and right.

7Billion people in the world. Gotta be a few thousand of the special kind of twat, right?  ::)


Title: Re: [Announcement] Block Erupter USB
Post by: SilentSonicBoom on May 08, 2013, 10:15:06 PM
Yes. You are correct. IPO has been canceled.


Title: Re: [Announcement] Block Erupter USB
Post by: GodHatesFigs on May 08, 2013, 10:23:31 PM
I am buying at least two in the US/Canada group buy. I like the idea so much I even started a little mining IPO called TURTLE MINING using these USB miners :)

It would take a special kind of twat to buy into an IPO of 600Mhash that will never break even on the purchase price. Then again, it takes a special kind of twat to buy these things at this price, and yet they're filling up group buys left and right.

7Billion people in the world. Gotta be a few thousand of the special kind of twat, right?  ::)

Hey man, fools and their money are lucky enough to get together in the first place; they were bound to part ways sooner or layer  :D


Title: Re: [Announcement] Block Erupter USB
Post by: Adrian-x on May 08, 2013, 10:43:59 PM
http://www.everythingusb.com/
The link above is a great place to announce your product - or even advertise. (it's on my read list)

Feel free to shower me in Bitcoin if it pans out. (See my signature)


Title: Re: [Announcement] Block Erupter USB
Post by: seleme on May 08, 2013, 10:45:47 PM
Dividend for today is: 0.011 per share
Is that good or bad?

Good for those that bought it at IPO, shit for those that will buy it at 1.20 BTC per share and have to wait 110 weeks (2 years) for ROI.

Of course, there are around 375 AM shareholders who'd try to make you believe I'm talking crap and it's wonderful opportunity. You decide if you're gonna be a or not.


Title: Re: [Announcement] Block Erupter USB
Post by: Boelens on May 09, 2013, 12:28:18 AM
I don't have enough USB ports to power 300 of these at once.

heheheh... that'd be one heck of a set up.

You'd need a whole lotta hubs, and a whole lotta adapters for these hubs.


Title: Re: [Announcement] Block Erupter USB
Post by: augustocroppo on May 09, 2013, 01:11:33 AM
I don't have enough USB ports to power 300 of these at once.

heheheh... that'd be one heck of a set up.

You'd need a whole lotta hubs, and a whole lotta adapters for these hubs.

http://www.engadget.com/2009/07/23/cambrionix-49-port-usb-hub-for-professionals-nerds/

Quote
Cambrionix 49-port USB hub for professional nerds

http://www.blogcdn.com/www.engadget.com/media/2009/07/pic-showing-protection-plates-fitted-600.jpg

It's designed for professional test labs or even businesses where host-rigs must be protected against faulty USB devices. But there's nothing stopping you from decorating a living-room wall with this second-generation 49-port USB 2.0 hub from Cambrionix. Unless you consider the cost -- £399 / $657 (plus tax) -- or the fact that it requires an ATX-2 power supply to push 500mA across all 49-ports significant deterrents.


Title: Re: [Announcement] Block Erupter USB
Post by: GodHatesFigs on May 09, 2013, 03:54:38 AM
Dividend for today is: 0.011 per share
Is that good or bad?

Good for those that bought it at IPO, shit for those that will buy it at 1.20 BTC per share and have to wait 110 weeks (2 years) for ROI.

Of course, there are around 375 AM shareholders who'd try to make you believe I'm talking crap and it's wonderful opportunity. You decide if you're gonna be a or not.

This


Title: Re: [Announcement] Block Erupter USB
Post by: logicbomb666 on May 09, 2013, 05:07:18 AM
Then again, it takes a special kind of twat to buy these things at this price, and yet they're filling up group buys left and right.

It would take a special kind of twat to assume he/she understands every possible situation that every possible person in the world could be in, and then past judgement on their actions.



Title: Re: [Announcement] Block Erupter USB
Post by: penta on May 09, 2013, 05:41:05 AM
Dividend for today is: 0.011 per share
Is that good or bad?

Good for those that bought it at IPO, shit for those that will buy it at 1.20 BTC per share and have to wait 110 weeks (2 years) for ROI.

Of course, there are around 375 AM shareholders who'd try to make you believe I'm talking crap and it's wonderful opportunity. You decide if you're gonna be a or not.

This
P/E ratio of 2 not taking into consideration company growth, what a terrible price!


Title: Re: [Announcement] Block Erupter USB
Post by: tvbcof on May 09, 2013, 06:11:55 AM
Then again, it takes a special kind of twat to buy these things at this price, and yet they're filling up group buys left and right.

It would take a special kind of twat to assume he/she understands every possible situation that every possible person in the world could be in, and then past judgement on their actions.


Well said.  Mine may never mine any kind of crypto-currency.  May never even be powered on for that matter.

That's assuming I get it at all.  IMHO it would take a special kind of twat to have ordered a BFL a year ago, and extra-special one to have ordered one after the dirt started appearing, and a super-extra-special kind not to have grabbed a re-fund while it was still possible for those who made the mistake in the first place.



Title: Re: [Announcement] Block Erupter USB
Post by: Maciek on May 09, 2013, 09:15:15 AM
What is the timeframe for the first batch of Block Erupter USB to be delivered to clients?


Title: Re: [Announcement] Block Erupter USB
Post by: wrenchmonkey on May 09, 2013, 03:18:24 PM
Then again, it takes a special kind of twat to buy these things at this price, and yet they're filling up group buys left and right.

It would take a special kind of twat to assume he/she understands every possible situation that every possible person in the world could be in, and then past judgement on their actions.



If you want it for your time capsule, that's cool too. But we all know that ASICMiner is preying on the people who are too stupid to do math.  ::)


Title: Re: [Announcement] Block Erupter USB
Post by: Boelens on May 09, 2013, 03:46:44 PM
I don't have enough USB ports to power 300 of these at once.

heheheh... that'd be one heck of a set up.

You'd need a whole lotta hubs, and a whole lotta adapters for these hubs.

http://www.engadget.com/2009/07/23/cambrionix-49-port-usb-hub-for-professionals-nerds/

Quote
Cambrionix 49-port USB hub for professional nerds

http://www.blogcdn.com/www.engadget.com/media/2009/07/pic-showing-protection-plates-fitted-600.jpg

It's designed for professional test labs or even businesses where host-rigs must be protected against faulty USB devices. But there's nothing stopping you from decorating a living-room wall with this second-generation 49-port USB 2.0 hub from Cambrionix. Unless you consider the cost -- £399 / $657 (plus tax) -- or the fact that it requires an ATX-2 power supply to push 500mA across all 49-ports significant deterrents.

You'd still need a very good power supply for all these USB sticks though.


Title: Re: [Announcement] Block Erupter USB
Post by: Adrian-x on May 09, 2013, 05:08:54 PM

If you want it for your time capsule, that's cool too. But we all know that ASICMiner is preying on the people who are too stupid to do math.  ::)

The price doesn't come down without consumer's investment in purchasing product, by my calculations a distributed network adds value to my BTC, and I think a USB miner in the hands of every person invested in Bitcoin is much safer than all AM chips mining for shareholders.

So I am buying a couple to stimulate demand.  The way I see it: it is a hardware dongle that allows your BTC wallet (be your own bank) to accumulate interest by providing transaction services to the network). The distributed network being a foundation design element in the Bitcoin Idea.


Title: Re: [Announcement] Block Erupter USB
Post by: tvbcof on May 09, 2013, 05:42:58 PM
If you want it for your time capsule, that's cool too. But we all know that ASICMiner is preying on the people who are too stupid to do math.  ::)

The price doesn't come down without consumer's investment in purchasing product, by my calculations a distributed network adds value to my BTC, and I think a USB miner in the hands of every person invested in Bitcoin is much safer than all AM chips mining for shareholders.

So I am buying a couple to stimulate demand.  The way I see it: it is a hardware dongle that allows your BTC wallet (be your own bank) to accumulate interest by providing transaction services to the network). The distributed network being a foundation design element in the Bitcoin Idea.

I was buying BTC at the end of 2011 (in the $2-ish/BTC range) for the same reason (providing demand), or at least that was a legitimate part of what was driving my actions.  Almost everyone was saying it was stupid because they were

  1) incapable of visualizing anything but the money aspect of things

  2) following the herd mentality which was that Bitcoin was dead.

I see devices such as Block Erupter as being a hugely positive thing for the health of the distributed crypto-currency world in both obvious and more difficult to explain ways.

If there is a demonstrated demand for such devices at 'rip-off' prices, that will encourage more development along these lines and we'll be seeing genuine commodity pricing that much sooner.



Title: Re: [Announcement] Block Erupter USB
Post by: shapemaker on May 09, 2013, 05:45:24 PM
The price doesn't come down without consumer's investment in purchasing product, by my calculations a distributed network adds value to my BTC, and I think a USB miner in the hands of every person invested in Bitcoin is much safer than all AM chips mining for shareholders

If you keep buying the USB miners at that ridiculous price, they have no incentive to lower the price. The only thing this USB miner will do for Bitcoin is to add more of them to ASICMINER's coffers.

See, ASICMINER can't deploy too much extra hashpower yet until Avalon/BFL ship more of their units since they'd be nearing hashrates with which they could conceivably execute double spends. Even the threat of that possibility should be enough to deter them since that would most likely erode confidence in BTC.


Title: Re: [Announcement] Block Erupter USB
Post by: davecoin on May 09, 2013, 05:57:26 PM
The price doesn't come down without consumer's investment in purchasing product, by my calculations a distributed network adds value to my BTC, and I think a USB miner in the hands of every person invested in Bitcoin is much safer than all AM chips mining for shareholders

If you keep buying the USB miners at that ridiculous price, they have no incentive to lower the price. The only thing this USB miner will do for Bitcoin is to add more of them to ASICMINER's coffers.

See, ASICMINER can't deploy too much extra hashpower yet until Avalon/BFL ship more of their units since they'd be nearing hashrates with which they could conceivably execute double spends. Even the threat of that possibility should be enough to deter them since that would most likely erode confidence in BTC.

You can watch deployment here:
https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=14


Title: Re: [Announcement] Block Erupter USB
Post by: shapemaker on May 09, 2013, 05:58:16 PM
If there is a demonstrated demand for such devices at 'rip-off' prices, that will encourage more development along these lines and we'll be seeing genuine commodity pricing that much sooner.

I think these current USB devices are just a curiosity at this price point. Sending the signal that people will buy anything and everything at hugely inflated prices will do much harm in the long run. There's absolutely no need to enrich ASICMINER and contribute to the centralisation of the network(*) at the current time any more than it's happening already. Come autumn when Avalon's chips built into DIY and small-time projects are hashing all over the world, then the situation is different. But at the moment... nah.

-----------
(*) I realise the USB gadgets will of course be hashing all over the world, but the BTC spent on them will give ASICMINER an even bigger ability to centralise more. The actual hashing output of the devices will be minuscule in the grand scheme of things.


Title: Re: [Announcement] Block Erupter USB
Post by: Adrian-x on May 09, 2013, 06:02:11 PM
The price doesn't come down without consumer's investment in purchasing product, by my calculations a distributed network adds value to my BTC, and I think a USB miner in the hands of every person invested in Bitcoin is much safer than all AM chips mining for shareholders

If you keep buying the USB miners at that ridiculous price, they have no incentive to lower the price. The only thing this USB miner will do for Bitcoin is to add more of them to ASICMINER's coffers.

See, ASICMINER can't deploy too much extra hashpower yet until Avalon/BFL ship more of their units since they'd be nearing hashrates with which they could conceivably execute double spends. Even the threat of that possibility should be enough to deter them since that would most likely erode confidence in BTC.

Totally agree, but being involved in R&D and product development, I know how much effort goes into shipping the first production batch.

Given I don't think USB miners are going to be competitive in the long run, I would like to see all bugs ironed out now so with dwindling demand it will still be cost effective to produce the product at a lower price as opposed to pulling the product before it is fully developed because of lack of demand.

However your scenario is likely should the demand stay high without competition.  


Title: Re: [Announcement] Block Erupter USB
Post by: shapemaker on May 09, 2013, 06:04:19 PM
You can watch deployment here:
https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=14

This just proves my point that they're becoming too large too soon. This should be a wake-up call to everyone.

I don't mean to say that they would do something so stupid as try double-spending anything. The point is, they will have the ability, and that alone could cause a lot of problems if people start to question the viability of BTC.


Title: Re: [Announcement] Block Erupter USB
Post by: shapemaker on May 09, 2013, 06:14:44 PM
Totally agree, but being involved in R&D and product development, I know how much effort goes into shipping the first production batch.

Given I don't think USB miners are going to be competitive in the long run, I would like to see all bugs ironed out now so with dwindling demand it will still be cost effective to produce the product at a lower price as opposed to pulling the product before it is fully developed because of lack of demand.

However your scenario is likely should the demand stay high without competition.

I know, and I believe companies should be rewarded for putting in R&D for new products. HOWEVER, their R&D costs most likely have already been recouped many times over from the larger hashing units. Seeing as how the USB gadget is quite simple a device to make if you already have a working ASIC with working firmware, the actual R&D expenses of pulling that miner off won't be very large. And hence I firmly believe these USB miners are just a money grab at the current price.

Put simply, I don't support unbounded greed. As soon as people do the ROI calculations of these devices, their unviability should be apparent.


Title: Re: [Announcement] Block Erupter USB
Post by: tvbcof on May 09, 2013, 06:17:29 PM
If there is a demonstrated demand for such devices at 'rip-off' prices, that will encourage more development along these lines and we'll be seeing genuine commodity pricing that much sooner.

I think these current USB devices are just a curiosity at this price point. Sending the signal that people will buy anything and everything at hugely inflated prices will do much harm in the long run. There's absolutely no need to enrich ASICMINER and contribute to the centralisation of the network(*) at the current time any more than it's happening already. Come autumn when Avalon's chips built into DIY and small-time projects are hashing all over the world, then the situation is different. But at the moment... nah.

-----------
(*) I realise the USB gadgets will of course be hashing all over the world, but the BTC spent on them will give ASICMINER an even bigger ability to centralise more. The actual hashing output of the devices will be minuscule in the grand scheme of things.

I've got nothing against ASICMINER becoming stupidly rich.  They were the first to get ASIC hashing as best I can tell, and I'm happy if they enjoy the fruits of their labors.  Them doing very well will just provide that much more incentive for competitors to get in and get a piece of the pie.

I'm surprised that they are selling these things or any hashing power at all to be honest.  It undercuts their own strategy.  I guess they are either seeing the end of their strategy or simply see distributing hashing power as a way to fuck their competition and increase the resiliency (and shape the trajectory) of the crypto-currency ecosystem.  Whatever the case, I see it as a big positive and am happy to support it.

I expect that the current 1st generation ASIC are probably very inefficient internally.  Just quick and dirty hacks to get something out the door.  As the chip logic develops, I'm happy if some of the designers are looking to target the market for small distributed devices.  That is just my wild guesses on things though since I have no first-hand experience here.



Title: Re: [Announcement] Block Erupter USB
Post by: TiuraZ on May 09, 2013, 07:18:02 PM
Quote
Seeing as how the USB gadget is quite simple a device to make if you already have a working ASIC with working firmware, the actual R&D expenses of pulling that miner off won't be very large.

IIRC the USB miner was developed before the Blades to test the chip itself.


Title: Re: [Announcement] Block Erupter USB
Post by: Maciek on May 09, 2013, 07:59:41 PM
Is it possible to order those ASIC USB miners at 2BTC each?
Where?

Cheers :)


Title: Re: [Announcement] Block Erupter USB
Post by: tvbcof on May 09, 2013, 08:09:35 PM
Is it possible to order those ASIC USB miners at 2BTC each?
Where?

Cheers :)

There is at least one group buy in the US and one in the EU.  I'm a participant in the one in the US.  There is a very active thread about it on this same forum (Custom hardware) and it has a link to the EU one so you should see it near the top.

The price is 2.1013 BTC currently due to extra shipping and escrow fees.  Good luck!



Title: Re: [Announcement] Block Erupter USB
Post by: stepkrav on May 09, 2013, 11:39:31 PM
will it support any other software apart from cgminer ?


Title: Re: [Announcement] Block Erupter USB
Post by: augustocroppo on May 10, 2013, 01:14:11 AM
Is it possible to order those ASIC USB miners at 2BTC each?
Where?

Cheers :)

Are you in Europe?

2.09 BTC + parcel @ https://bitcointalk.org/index.php?topic=195540.msg2032724#msg2032724


Title: Re: [Announcement] Block Erupter USB
Post by: mdude77 on May 10, 2013, 03:24:31 PM
I haven't read the 21 pages of comments on this, so I may be repeating what others have said.

At 4btc a pop for 600mh, it's about the same price as a 7970.  With a fraction of the power usage.  However, not massively resellable like a 7970 is.  

I think it's overpriced, but in reality it's probably reasonably priced.. especially if you have a rig of 7970s that you can resell and switch to these and cut your power usage down significantly.  The question is do you want to risk being "stuck" with these if/when difficulty jumps through the roof, or GPUs that you can then redeem for cash.  And considering these will continue to be profitable long after GPUs are not, except for those will free or really really low electricity prices.

M


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 10, 2013, 03:27:58 PM
I haven't read the 21 pages of comments on this, so I may be repeating what others have said.

At 2btc a pop for 600mh, it's about the same price as a 7970.  With a fraction of the power usage.  However, not massively resellable like a 7970 is. 

I think it's overpriced, but in reality it's probably reasonably priced.. especially if you have a rig of 7970s that you can resell and switch to these and cut your power usage down significantly.  The question is do you want to risk being "stuck" with these if/when difficulty jumps through the roof, or GPUs that you can then redeem for cash.  And considering these will continue to be profitable long after GPUs are not, except for those will free or really really low electricity prices.

M

it's 1.99 for 300mhash...


Title: Re: [Announcement] Block Erupter USB
Post by: CommanderVenus on May 10, 2013, 03:31:21 PM
will it support any other software apart from cgminer ?
Im actually interested in this too. Will it work with guiminer?


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 10, 2013, 03:32:24 PM
will it support any other software apart from cgminer ?
Im actually interested in this too. Will it work with guiminer?

VERY good question. i've never bothered to set up cgminer. ...good a time as any i suppose?


Title: Re: [Announcement] Block Erupter USB
Post by: mdude77 on May 10, 2013, 03:32:49 PM
I haven't read the 21 pages of comments on this, so I may be repeating what others have said.

At 2btc a pop for 600mh, it's about the same price as a 7970.  With a fraction of the power usage.  However, not massively resellable like a 7970 is. 

I think it's overpriced, but in reality it's probably reasonably priced.. especially if you have a rig of 7970s that you can resell and switch to these and cut your power usage down significantly.  The question is do you want to risk being "stuck" with these if/when difficulty jumps through the roof, or GPUs that you can then redeem for cash.  And considering these will continue to be profitable long after GPUs are not, except for those will free or really really low electricity prices.

M

it's 1.99 for 300mhash...

yeah, typo.  fixed.

M


Title: Re: [Announcement] Block Erupter USB
Post by: CommanderVenus on May 10, 2013, 03:38:55 PM
will it support any other software apart from cgminer ?
Im actually interested in this too. Will it work with guiminer?

VERY good question. i've never bothered to set up cgminer. ...good a time as any i suppose?
Yes, i have tried.. Setup is a long process and i did everything correctly, it still wouldnt build. Gonna fresh format windows 7 then try again.
 : (


Title: Re: [Announcement] Block Erupter USB
Post by: QuiveringGibbage on May 10, 2013, 04:35:09 PM
Yes, i have tried.. Setup is a long process and i did everything correctly, it still wouldnt build. Gonna fresh format windows 7 then try again.
 : (
Are you talking about cgminer on Win7 here? creating a .bat file is a long process? https://ozcoin.net/content/win7-cgminer-setup-guide

I found it simple to run and manage.

QG


Title: Re: [Announcement] Block Erupter USB
Post by: CommanderVenus on May 10, 2013, 06:38:14 PM
Yes, i have tried.. Setup is a long process and i did everything correctly, it still wouldnt build. Gonna fresh format windows 7 then try again.
 : (
Are you talking about cgminer on Win7 here? creating a .bat file is a long process? https://ozcoin.net/content/win7-cgminer-setup-guide

I found it simple to run and manage.

QG
Yes! Ill have to try this out. Thanks man.


Title: Re: [Announcement] Block Erupter USB
Post by: klondike_bar on May 10, 2013, 08:16:51 PM
I haven't read the 21 pages of comments on this, so I may be repeating what others have said.

At 2btc a pop for 600mh, it's about the same price as a 7970.  With a fraction of the power usage.  However, not massively resellable like a 7970 is. 

I think it's overpriced, but in reality it's probably reasonably priced.. especially if you have a rig of 7970s that you can resell and switch to these and cut your power usage down significantly.  The question is do you want to risk being "stuck" with these if/when difficulty jumps through the roof, or GPUs that you can then redeem for cash.  And considering these will continue to be profitable long after GPUs are not, except for those will free or really really low electricity prices.

M

it's 1.99 for 300mhash...

yeah, typo.  fixed.

M

I would be okay with 2btc for 600mHash. but for 300 i dont see it as a ood investment


Title: Re: [Announcement] Block Erupter USB
Post by: tvbcof on May 10, 2013, 08:24:38 PM
I would be okay with 2btc for 600mHash. but for 300 i dont see it as a ood investment

Most people don't.  I didn't when I purchased one via a group buy.  I had other motives.

Most likely everyone who owns one of these things at $200-ish US is going to feel like they were gypped to some extent every time the look at the thing.  Further, most of the people buying them now will probably be especially active in the mining gear economy going forward.

Due to the rapidly changing events in asic-chip-land, it's possible that ~friedcat would make a decision to do some two-for-the-price-of-one deal or some such which would be much less messy if done before any items were shipped at all.



Title: Re: [Announcement] Block Erupter USB
Post by: klondike_bar on May 10, 2013, 09:29:30 PM
I would be okay with 2btc for 600mHash. but for 300 i dont see it as a ood investment

Most people don't.  I didn't when I purchased one via a group buy.  I had other motives.

Most likely everyone who owns one of these things at $200-ish US is going to feel like they were gypped to some extent every time the look at the thing.  Further, most of the people buying them now will probably be especially active in the mining gear economy going forward.

Due to the rapidly changing events in asic-chip-land, it's possible that ~friedcat would make a decision to do some two-for-the-price-of-one deal or some such which would be much less messy if done before any items were shipped at all.



I anticipate once the first batch ships, and we see other competition catching up on pre-orders or avalon-based designs, we could see a more reasonable price/power ratio.

I would not purchase any asic design unless i believed it could pay for itself within 6 months, especially since 60% of that would probably occur in the first 3 months. For me, I want to see 4 chips on a device, with a total of >1GHash for less than 4.5 BTC after shipping/taxes/etc and a few reviews before i invest in such a crapshoot.

There will be a period of time where early investors profit (that was avalon batch 1 and batch 2), then a period where the asic technology will advance and drop in price at a rate that makes investing in the earlt part of the phase a poor choice (IMO, this is avalon batch 3 and the block erupter v1). Eventually this will level out somewhat, probably in a few months, and the ideal opportunities will arise with 16-chip designs that push 6Ghash a board in the $750-$1000 price range. Every year this price will half.


Title: Re: [Announcement] Block Erupter USB
Post by: ThickAsThieves on May 10, 2013, 09:58:31 PM
What I'd like to see is a PCI-e ASICMINER product that hashes at 5000+. Get that going Friedcat!


Title: Re: [Announcement] Block Erupter USB
Post by: jasonpitts on May 10, 2013, 10:11:52 PM
I think a small scale product like this is necessary for spreading the hashing power out.

It will attract new miners and more importantly smaller, casual miners, but unfortunately I think the price needs to scale to that level as well. I understand there are probably RnD, Fabrication and production costs being considered in this unit right now, but I really couldn't see myself paying more than $30.00 for one. If they were in the $30.00 to $50.00 range I would be buying them as gifts for all of my friends and family to introduce them to bitcoin.

Maybe it would make sense to start by selling a larger unit then move to producing these when all of the overhead costs won't be as much of a problem.


Title: Re: [Announcement] Block Erupter USB
Post by: SpaceCadet on May 10, 2013, 10:25:48 PM
While I'm in the camp that the price is too high for it's capability, the reality is that you can't just compare it to the price of a GPU.  To run a GPU with that performance, you also have to have a PSU that has the power capacity AND the extra power connectors for the GPU.  These are things the average home desktop lack, so you can't just take your old HP box and pop in a high-end GPU.  But you can just pop an Erupter in the USB port and start hashing away... 

I'm going to hold out for the clones to come at a more affordable price (well, affordable for me :)


Title: Re: [Announcement] Block Erupter USB
Post by: tvbcof on May 10, 2013, 10:45:45 PM
While I'm in the camp that the price is too high for it's capability, the reality is that you can't just compare it to the price of a GPU.  To run a GPU with that performance, you also have to have a PSU that has the power capacity AND the extra power connectors for the GPU.  These are things the average home desktop lack, so you can't just take your old HP box and pop in a high-end GPU.  But you can just pop an Erupter in the USB port and start hashing away... 

I'm going to hold out for the clones to come at a more affordable price (well, affordable for me :)


Voice of reason in several respects.  I bought a sapphire BE at high prices just because I happened to have an interest in such things, but the possibility of more-or-less just plugging it into one of the 10,000 female USB ports I have access to was a factor.  People really expecting it to be a good investment are likely to regret it.  I just wonder if their regret will color their view of Bitfountain.

Hopefully we won't have to hold out for to long for a slew of such devices at moderate price points.

Even better will be when miners are built into device which are just making heat anyway.  My hot water pot is a great example.  And I take several long hot showers per day where I often think of new ideas, so a hot water heater with heat from mining chips would be awesome.  I might even be inclined to install a Jacuzzi if I could mine crypto-currencies with it!

But back to reality, it would be great if people who were not planted in a rich country could mine.  Great both for them and great for the robustness of distributed crypto-currency systems.  That is why I am pretty excited that things have progressed as far as they have as fast as they have.  I'd not expected to see such a think as this BE until the end of 2014 (when I was projecting out in 2011.)



Title: Re: [Announcement] Block Erupter USB
Post by: friedcat on May 11, 2013, 02:50:21 AM
Update

The issue on supporting CGMiner is solved by the May 10 patch:

https://github.com/ckolivas/cgminer/commits/master


Title: Re: [Announcement] Block Erupter USB
Post by: tkone on May 11, 2013, 02:55:56 AM
any idea if this will work with bitminter in mac osx, for example on a macbookpro maybe with a usb hub?
that would make it very versatile,

and for the price, at current difficulty seems like less then a year to get your initial investment, which is pretty good if you ask me, and if difficulty doubles? which is highly unlikely for now (atleast i think so) it will pay for itself in less then 2 years?

now imagine if bitcoin goes up to a stable 150, or even 200?

then this will pay for itself and over so many times in 2year peroid,

now tell me another investment that can pay for itself in a 2year peroid???

seems legit for the price, dont drop it because that would make you have less earnings, and also would spread out earnings to others that arent investing as much as you might of to create such a thing,


Title: Re: [Announcement] Block Erupter USB
Post by: friedcat on May 11, 2013, 03:13:00 AM
(1) are they interruptible (sending down a new work unit discards the one in progress immediately) to minimize stales?  This is a headache with my BFL FPGAs.
Yes they are - sending down a new work unit discards the one in progress immediately

(2) If not interrupted, will they scan the entire noncerange or abort after hitting a share?
(3) Do they report found shares immediately or at the end of the work?
They will continue to scan the entire range, every nonce found is sent back immediately.

(4) Do they implement notification on exhausting the noncerange without finding a share?
No - it will simply time out and be idle - you will have to send a new job before it times out.


Title: Re: [Announcement] Block Erupter USB
Post by: rudrigorc2 on May 11, 2013, 03:24:35 AM
Im in China, can I still buy one or two? Can i pick it up in person? :D


Title: Re: [Announcement] Block Erupter USB
Post by: Syke on May 11, 2013, 03:29:40 AM

and for the price, at current difficulty seems like less then a year to get your initial investment, which is pretty good if you ask me, and if difficulty doubles? which is highly unlikely for now (atleast i think so)

Difficulty will double in a months or two, easy.


now imagine if bitcoin goes up to a stable 150, or even 200?

then this will pay for itself and over so many times in 2year peroid,

now tell me another investment that can pay for itself in a 2year peroid???

Bitcoins. Just buy and hold 2 bitcoins and you'll make much more profit.


Title: Re: [Announcement] Block Erupter USB
Post by: MineForeman.com on May 11, 2013, 03:30:04 AM
Im in China, can I still buy one or two? Can i pick it up in person? :D

I am organising a group buy for International people such as yourself, I know it is a bit odd getting them sent from China to New Zealand and then back again but those are the rules that Bitfountain set down (probably for good reason though).

Anyway, my international buy in thread is at;-

https://bitcointalk.org/index.php?topic=201577.0

It already has a few paid orders and even more people have expressed interest.


Title: Re: [Announcement] Block Erupter USB
Post by: rudrigorc2 on May 11, 2013, 03:35:21 AM
Im in China, can I still buy one or two? Can i pick it up in person? :D

I am organising a group buy for International people such as yourself, I know it is a bit odd getting them sent from China to New Zealand and then back again but those are the rules that Bitfountain set down (probably for good reason though).

Anyway, my international buy in thread is at;-

https://bitcointalk.org/index.php?topic=201577.0

It already has a few paid orders and even more people have expressed interest.

IF someone pay my air tickets I would love to fly NZ with them.  But friedcat is hard to compete with, free shipping right?


Title: Re: [Announcement] Block Erupter USB
Post by: markyminer on May 11, 2013, 07:54:57 AM

and for the price, at current difficulty seems like less then a year to get your initial investment, which is pretty good if you ask me, and if difficulty doubles? which is highly unlikely for now (atleast i think so)

Difficulty will double in a months or two, easy.


now imagine if bitcoin goes up to a stable 150, or even 200?

then this will pay for itself and over so many times in 2year peroid,

now tell me another investment that can pay for itself in a 2year peroid???

Bitcoins. Just buy and hold 2 bitcoins and you'll make much more profit.


Network hashrate was 66.73 t/hash on 23/4/13 and difficulty was 9 million (just under). I took a sceenshot from bitcoin watch. Today network hashrate is 78.94 t/hash. This is a 12.21 t/hash increase in less than 3 weeks! And many ASIC have not even shipped yet!

I repeat again unless BTC rockets in price again, and it's holding steady under $120, you will never make an ROI on these.

M


Title: Re: [Announcement] Block Erupter USB
Post by: SolarSilver on May 11, 2013, 09:52:48 AM
I repeat again unless BTC rockets in price again, and it's holding steady under $120, you will never make an ROI on these.

The USD / BTC exchange is irrelevant, if you pay in BTC and you get your return in BTC, then it's just a matter of calculating in BTC. No USD or EUR in play here


Title: Re: [Announcement] Block Erupter USB
Post by: apetersson on May 11, 2013, 10:24:30 AM
i have created a group-buy thread for local pickup in Vienna, Graz and Bratislava. we have currently 130-161 preorders.

https://bitcointalk.org/index.php?topic=201958.0

Shipping is also possible, but with restrictions (min 10, extra shipping cost)


Title: Re: [Announcement] Block Erupter USB
Post by: markyminer on May 11, 2013, 12:54:17 PM
I repeat again unless BTC rockets in price again, and it's holding steady under $120, you will never make an ROI on these.

The USD / BTC exchange is irrelevant, if you pay in BTC and you get your return in BTC, then it's just a matter of calculating in BTC. No USD or EUR in play here

Only partially true, without a FIAT exit BTC is almost worthless. If the USA made trading BTC into USD illegal watch the value of BTC plummet. And good luck trying to pay your electricity supplier in BTC in the near future, if ever!

Only when Unit abd all BTC mining costs are issued and payable in BTC will this statement be true. And those using "Free" electricity from parents /work etc, you are actually stealing!

M


Title: Re: [Announcement] Block Erupter USB
Post by: tom_o on May 11, 2013, 01:32:14 PM
I repeat again unless BTC rockets in price again, and it's holding steady under $120, you will never make an ROI on these.
And those using "Free" electricity from parents /work etc, you are actually stealing!

M


Unless its "included with rent", then we're just taking advantage :P


Title: Re: [Announcement] Block Erupter USB
Post by: BeetcoinScummer on May 11, 2013, 02:45:20 PM
I repeat again unless BTC rockets in price again, and it's holding steady under $120, you will never make an ROI on these.

The USD / BTC exchange is irrelevant, if you pay in BTC and you get your return in BTC, then it's just a matter of calculating in BTC. No USD or EUR in play here
While technically correct, I don't feel like it makes sense to compute ROI in terms of a base currency that is wildly fluctuating with respect to other widely used currencies. Even as more places accept BTC for payment, the number of gold bars/pizzas/loaves of bread that you can buy with BTC will still depend on the BTC/EUR or BTC/USD or BTC/whatever exchange rates.


Title: Re: [Announcement] Block Erupter USB
Post by: SolarSilver on May 11, 2013, 09:43:54 PM
I repeat again unless BTC rockets in price again, and it's holding steady under $120, you will never make an ROI on these.

The USD / BTC exchange is irrelevant, if you pay in BTC and you get your return in BTC, then it's just a matter of calculating in BTC. No USD or EUR in play here

Only partially true, without a FIAT exit BTC is almost worthless. If the USA made trading BTC into USD illegal watch the value of BTC plummet. And good luck trying to pay your electricity supplier in BTC in the near future, if ever!

Again, you should not look at the BTC to USD rate, as you can just as well buy the BTC 2 and hoard it.

If you invest BTC then you should look at how long it will take to get the BTC back

Quote
Only when Unit abd all BTC mining costs are issued and payable in BTC will this statement be true. And those using "Free" electricity from parents /work etc, you are actually stealing!

Some of us do run on renewable power, which is costing us nothing, if you discount the government subsidies we get. Technically we don't steal from our parents but from all of you ;-)


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 12, 2013, 12:31:03 AM
I repeat again unless BTC rockets in price again, and it's holding steady under $120, you will never make an ROI on these.

The USD / BTC exchange is irrelevant, if you pay in BTC and you get your return in BTC, then it's just a matter of calculating in BTC. No USD or EUR in play here

Only partially true, without a FIAT exit BTC is almost worthless. If the USA made trading BTC into USD illegal watch the value of BTC plummet. And good luck trying to pay your electricity supplier in BTC in the near future, if ever!

Again, you should not look at the BTC to USD rate, as you can just as well buy the BTC 2 and hoard it.

If you invest BTC then you should look at how long it will take to get the BTC back

Quote
Only when Unit abd all BTC mining costs are issued and payable in BTC will this statement be true. And those using "Free" electricity from parents /work etc, you are actually stealing!

Some of us do run on renewable power, which is costing us nothing, if you discount the government subsidies we get. Technically we don't steal from our parents but from all of you ;-)

solar powered bastards!

i kid. i'm just jealous and want to join your ranks.


Title: Re: [Announcement] Block Erupter USB
Post by: SolarSilver on May 12, 2013, 08:32:53 AM
Some of us do run on renewable power, which is costing us nothing, if you discount the government subsidies we get. Technically we don't steal from our parents but from all of you ;-)

solar powered bastards!

i kid. i'm just jealous and want to join your ranks.

34k Wpeak of solar pannels: EUR 120k
Government sponsored green loan to pay it off in 15 years: EUR 920 / month
Government subsidies per year for the next 20 years in Green Certificates: EUR 11k
Generating BTC 2k in 2 years (until now): priceless


Title: Re: [Announcement] Block Erupter USB
Post by: bitzip on May 12, 2013, 01:42:00 PM
You don't have to buy 300 of them, just join a buy group.

A US only buy group
https://bitcointalk.org/index.php?topic=195647.0  (https://bitcointalk.org/index.php?topic=195647.0)

There are other groups.


Title: Re: [Announcement] Block Erupter USB
Post by: Naelr on May 12, 2013, 04:53:56 PM
I repeat again unless BTC rockets in price again, and it's holding steady under $120, you will never make an ROI on these.

The USD / BTC exchange is irrelevant, if you pay in BTC and you get your return in BTC, then it's just a matter of calculating in BTC. No USD or EUR in play here

Only partially true, without a FIAT exit BTC is almost worthless. If the USA made trading BTC into USD illegal watch the value of BTC plummet. And good luck trying to pay your electricity supplier in BTC in the near future, if ever!

Again, you should not look at the BTC to USD rate, as you can just as well buy the BTC 2 and hoard it.

If you invest BTC then you should look at how long it will take to get the BTC back

Quote
Only when Unit abd all BTC mining costs are issued and payable in BTC will this statement be true. And those using "Free" electricity from parents /work etc, you are actually stealing!

Some of us do run on renewable power, which is costing us nothing, if you discount the government subsidies we get. Technically we don't steal from our parents but from all of you ;-)

solar powered bastards!

i kid. i'm just jealous and want to join your ranks.

I have a few Solar Panels on my roof so I am effectively mining for nothing too.  (Minus the cost of buying and installing the panels 3 years ago.)


Title: Re: [Announcement] Block Erupter USB
Post by: Franktank on May 13, 2013, 05:30:19 AM
My ASICMINER USB Erupter showed up about an hour ago.
Been playing with the Icarus timing settings still not quite got it right yet.

Obviously yes I'm getting around 300MH/s out of it.

Currently best settings are for anyone wondering while I sort it out:
 --icarus-options 115200:2:1 --icarus-timing short

A pic or 2 :) Click for bigger
http://198.245.60.111/Pix/Erupter1.jpg.200.jpg (http://198.245.60.111/Pix/Erupter1.jpg)

http://198.245.60.111/Pix/Erupter2.jpg.200.jpg (http://198.245.60.111/Pix/Erupter2.jpg)

Edit: the USB chip is: ID 10c4:ea60 Cygnal Integrated Products, Inc. CP210x UART Bridge / myAVR mySmartUSB light

NOW SHIPPING!! GET YOUR ORDERS IN!!


Title: Re: [Announcement] Block Erupter USB
Post by: phantastisch on May 13, 2013, 05:36:24 AM
My ASICMINER USB Erupter showed up about an hour ago.
Been playing with the Icarus timing settings still not quite got it right yet.

Obviously yes I'm getting around 300MH/s out of it.

Currently best settings are for anyone wondering while I sort it out:
 --icarus-options 115200:2:1 --icarus-timing short

A pic or 2 :) Click for bigger
http://198.245.60.111/Pix/Erupter1.jpg.200.jpg (http://198.245.60.111/Pix/Erupter1.jpg)

http://198.245.60.111/Pix/Erupter2.jpg.200.jpg (http://198.245.60.111/Pix/Erupter2.jpg)

Edit: the USB chip is: ID 10c4:ea60 Cygnal Integrated Products, Inc. CP210x UART Bridge / myAVR mySmartUSB light

NOW SHIPPING!! GET YOUR ORDERS IN!!

It is a developers unit, the consumer usb sticks are blue. Look it up in friedcats original post..


Title: Re: [Announcement] Block Erupter USB
Post by: AZIZ1977 on May 13, 2013, 08:49:43 PM
Isnt this a bit expensive?


Title: Re: [Announcement] Block Erupter USB
Post by: furuknap on May 13, 2013, 08:53:10 PM
Isnt this a bit expensive?

Nope.

Now go make me as a shareholder rich!

Seriously, evaluating whether a mining investment is profitable is incredibly difficult. Far too many factors come into play, such as expected price evolution, difficulty changes, risks, the cost of your time, and so on.

I wrote a guide on how these factors come into play. The article is written for Litecoin but the same principles apply to Bitcoin or other coins.

http://coin.furuknap.net/litecoin-mining-profitability-guide/

I also have a book in the works that speaks volumes (at least one) about this topic. Link to a free preview chapter on mining profitability in the top menu of the article above.

.b


Title: Re: [Announcement] Block Erupter USB
Post by: luffy on May 13, 2013, 08:55:48 PM
Isnt this a bit expensive?

a little bit  ;D
i don't care about ROI, it is just an amazing miner!


Title: Re: [Announcement] Block Erupter USB
Post by: tvbcof on May 13, 2013, 09:55:29 PM
Isnt this a bit expensive?

Fuck ya! (said as a guy who has paid for one for $200+ and hopes to recieving it eventually...)

The question is how cheap can they be assuming that there are both 110nm and 130nm chips capable of being applied at this time, and hopefully more coming down the pike.

---

It would be pretty cool (to my way of thinking) if a decent fraction of the distributed crypto-currency userbase could realistically mine by doing not much more than plugging one of these into a USB port when they happen to remember to do it.  That would be a big incentive for the system to remain a 'peer2peer' solution which is highly important to me.

I'll detail this a bit more in the future, but I project that eventually:

 - anyone who has to think about electricity costs will be out of the game (read, most miners today.)

 - the struggle will be betwen

   - large corporate organizations who can subsidize power by obtaining intelligence information from the network and

   - non-professional masses who will not need to think to much about power or network costs since they underutilized their existing network service and individually don't need to think much about the power costs of a USB-sized device.



Title: Re: [Announcement] Block Erupter USB
Post by: RubenLeFuck on May 14, 2013, 12:55:53 AM
Any EU buy group?
PM please.


Title: Re: [Announcement] Block Erupter USB
Post by: MineForeman.com on May 14, 2013, 01:03:18 AM
Any EU buy group?
PM please.

I am running an international one at the moment that a lot of Europeans are using, recently got flooded with orders from slashdot, you can find the info here;-

https://bitcointalk.org/index.php?topic=201577.0


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on May 14, 2013, 03:44:03 AM
wait - so, if they'll run without the heatsinks, why did you make/order heatsinks that we now have to pay for?
You definitely want the heatsink.
The Emeralds (without a heatsink) are pretty much too hot to unplug once they've been running for even a few minutes.
I would be surprised if the USB connector got hot enough to damage some cheap USB hubs.


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 14, 2013, 04:21:04 AM
wait - so, if they'll run without the heatsinks, why did you make/order heatsinks that we now have to pay for?
You definitely want the heatsink.
The Emeralds (without a heatsink) are pretty much too hot to unplug once they've been running for even a few minutes.
I would be surprised if the USB connector got hot enough to damage some cheap USB hubs.

that could make plugging in multiple difficult, depending on hub layout. :( oh well.


Title: Re: [Announcement] Block Erupter USB
Post by: furuknap on May 14, 2013, 04:35:06 AM
The Emeralds (without a heatsink) are pretty much too hot to unplug once they've been running for even a few minutes.
I would be surprised if the USB connector got hot enough to damage some cheap USB hubs.

that could make plugging in multiple difficult, depending on hub layout. :( oh well.

You could just buy a couple of 429 cheap USB 4-inch cables. This will also allow you to arrange your sticks so they dissipate heat better.

Who wants to build the first rack-mounted USB miner? :-)

.b

Edit: Updated to reflect the number of cables :-)


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 14, 2013, 04:37:09 AM
The Emeralds (without a heatsink) are pretty much too hot to unplug once they've been running for even a few minutes.
I would be surprised if the USB connector got hot enough to damage some cheap USB hubs.

that could make plugging in multiple difficult, depending on hub layout. :( oh well.

You could just buy a couple of cheap USB 4-inch cables. This will also allow you to arrange your sticks so they dissipate heat better.

Who wants to build the first rack-mounted USB miner? :-)

.b

true enough.

heh...well, i DO i have 429 of them coming my way... (a group buy) the real issue becomes powering them all. even with 12 port hubs, it's 35 of them. good luck finding a circuit in a home to handle that.


Title: Re: [Announcement] Block Erupter USB
Post by: tvbcof on May 14, 2013, 04:53:15 AM
...
Who wants to build the first rack-mounted USB miner? :-)
...
heh...well, i DO i have 429 of them coming my way... (a group buy) the real issue becomes powering them all. even with 12 port hubs, it's 35 of them. good luck finding a circuit in a home to handle that.

Ya-but Arklan...you are not supposed to be powering them without the owner's permission, remember? :)

Based on what Luke says I'm pretty iffy about whether I want mine powered up without a heatsink.  And I am pretty particular about the appropriate use of a screwdriver having been a mechanic in the distant past.

I am not in a giant hurry for my particular unit (unlike most others) so i might be able to work out a side-deal with me to fiddle with mine if you can convince me that you have some ability to not immediately destroy it and some ability to replace it if you do, I'm as curious as anyone about how a 'mini-rack' of these things behave...but no-where near curious enough to blow $1500 on the experiment.  Certainly not until I see if _anyone_ manages to get an order in to to the-cat and get a working miner for their troubles.  e-mail me if you have interest in such an experiment and need for my single measly mining stick.



Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 14, 2013, 04:54:21 AM
...
Who wants to build the first rack-mounted USB miner? :-)
...
heh...well, i DO i have 429 of them coming my way... (a group buy) the real issue becomes powering them all. even with 12 port hubs, it's 35 of them. good luck finding a circuit in a home to handle that.

Ya-but Arklan...you are not supposed to be powering them without the owner's permission, remember? :)

Based on what Luke says I'm pretty iffy about whether I want mine powered up without a heatsink.  And I am pretty particular about the appropriate use of a screwdriver having been a mechanic in the distant past.

I am not in a giant hurry for my particular unit (unlike most others) so i might be able to work out a side-deal with me to fiddle with mine if you can convince me that you have some ability to not immediately destroy it and some ability to replace it if you do, I'm as curious as anyone about how a 'mini-rack' of these things behave...but no-where near curious enough to blow $1500 on the experiment.  Certainly not until I see if _anyone_ manages to get an order in to to the-cat and get a working miner for their troubles.  e-mail me if you have interest in such an experiment and need for my single measly mining stick.



that was a joke, man. :D



Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on May 14, 2013, 05:07:35 AM
the real issue becomes powering them all. even with 12 port hubs, it's 35 of them. good luck finding a circuit in a home to handle that.
Even if you could power all of them, note USB only supports up to 127 devices on a single host PC... and only 5 USB hubs chained - including the internal 2 hubs in your "12-port hub".


Title: Re: [Announcement] Block Erupter USB
Post by: turtle83 on May 14, 2013, 05:25:52 AM
the real issue becomes powering them all. even with 12 port hubs, it's 35 of them. good luck finding a circuit in a home to handle that.
Even if you could power all of them, note USB only supports up to 127 devices on a single host PC... and only 5 USB hubs chained - including the internal 2 hubs in your "12-port hub".

But... is it 127 devices per computer or per Bus?

Code:
xxx@xxx-desktop:~$ lsusb
Bus 001 Device 001: ID 1d6b:0002 Linux Foundation 2.0 root hub
Bus 002 Device 001: ID 1d6b:0002 Linux Foundation 2.0 root hub
Bus 003 Device 001: ID 1d6b:0001 Linux Foundation 1.1 root hub
Bus 004 Device 001: ID 1d6b:0001 Linux Foundation 1.1 root hub
Bus 005 Device 001: ID 1d6b:0001 Linux Foundation 1.1 root hub
Bus 006 Device 001: ID 1d6b:0001 Linux Foundation 1.1 root hub
Bus 007 Device 001: ID 1d6b:0001 Linux Foundation 1.1 root hub
Bus 008 Device 001: ID 1d6b:0001 Linux Foundation 1.1 root hub
Bus 001 Device 002: ID 05e3:0716 Genesys Logic, Inc. USB 2.0 Multislot Card Reader/Writer
Bus 008 Device 002: ID 046d:c062 Logitech, Inc.
xxx@xxx-desktop:~$

Does this mean this computer can have ~8*127 USB devices?


Title: Re: [Announcement] Block Erupter USB
Post by: yxt on May 14, 2013, 10:16:47 AM
Any EU buy group?
PM please.

l---> https://bitcointalk.org/index.php?topic=195037.0


Title: Re: [Announcement] Block Erupter USB
Post by: Signus on May 14, 2013, 11:24:45 AM
My ASICMINER USB Erupter showed up about an hour ago.
Been playing with the Icarus timing settings still not quite got it right yet.

Obviously yes I'm getting around 300MH/s out of it.

Currently best settings are for anyone wondering while I sort it out:
 --icarus-options 115200:2:1 --icarus-timing short

A pic or 2 :) Click for bigger
http://198.245.60.111/Pix/Erupter1.jpg.200.jpg (http://198.245.60.111/Pix/Erupter1.jpg)

http://198.245.60.111/Pix/Erupter2.jpg.200.jpg (http://198.245.60.111/Pix/Erupter2.jpg)

Edit: the USB chip is: ID 10c4:ea60 Cygnal Integrated Products, Inc. CP210x UART Bridge / myAVR mySmartUSB light

NOW SHIPPING!! GET YOUR ORDERS IN!!

Looks like they built that batch by hand. Looks like they held the soldering iron on the board a little too long. Got a little flux they didn't clean up on R2 there as well.

While these are neat, and I'd really love to have one. 1.99BTC is still a bit high to ask of a USB device I think. Especially in the initial development stages where they have problems with heat.


Title: Re: [Announcement] Block Erupter USB
Post by: Rora on May 14, 2013, 02:00:54 PM
Cant warrant spending that for 300M/hs. Or is it just me?


Title: Re: [Announcement] Block Erupter USB
Post by: crazy_rabbit on May 14, 2013, 02:26:06 PM
Cant warrant spending that for 300M/hs. Or is it just me?

Can you warrant spending that on COOL?


Title: Re: [Announcement] Block Erupter USB
Post by: muyuu on May 14, 2013, 02:33:01 PM
I wonder how many of these USB erupters will end up in office computers :D


Title: Re: [Announcement] Block Erupter USB
Post by: uhoh on May 14, 2013, 02:46:51 PM
Isn't it great when your nickname translates seamlessly from Chinese to English?  :)


http://s16.postimg.org/6zi75w4et/image.png





From bbs.btcman.com


Title: Re: [Announcement] Block Erupter USB
Post by: ionstorm on May 14, 2013, 02:56:30 PM
I'll buy these all day for 1-1.5 btc, in my opinion this is a perfect price point for profitability and would increase demand, due to the high price its obvious there is less sales that their could be.  The volume of sales will compensate for the price cut.  

Id however like to see a rev.2 of this or a new product that is the size of a roku or apple TV box with up to a GH/s.  

I am a shareholder in asicminer and do agree that this product or a v.2 of this should be slightly lower to increase demand and profitability for asicminer


Title: Re: [Announcement] Block Erupter USB
Post by: wladston on May 15, 2013, 01:42:56 AM
I live in Brazil and I'm interested in buying one or up to 4 of those. I'm still mining with a GPU in here.


Title: Re: [Announcement] Block Erupter USB
Post by: MineForeman.com on May 15, 2013, 02:01:31 AM
I live in Brazil and I'm interested in buying one or up to 4 of those. I'm still mining with a GPU in here.

There is an internation buy in for them here https://bitcointalk.org/index.php?topic=201577.0

Neil


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on May 15, 2013, 07:47:55 AM
Update: I let it run for a few hours without any external cooling besides my house's air conditioning. It basically went to all hardware errors. The good news is, within a few minutes of turning the fan on, it recovered to full hashrate with no hardware errors. :)


Title: Re: [Announcement] Block Erupter USB
Post by: HTML5 Gordon on May 15, 2013, 11:10:23 AM
Update: I let it run for a few hours without any external cooling besides my house's air conditioning. It basically went to all hardware errors. The good news is, within a few minutes of turning the fan on, it recovered to full hashrate with no hardware errors. :)

Does this mean running it without the heatsink as well?


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on May 15, 2013, 11:50:57 AM
Update: I let it run for a few hours without any external cooling besides my house's air conditioning. It basically went to all hardware errors. The good news is, within a few minutes of turning the fan on, it recovered to full hashrate with no hardware errors. :)
Does this mean running it without the heatsink as well?
The Emeralds didn't have a heatsink. The original context was someone asking why it needed one ;)


Title: Re: [Announcement] Block Erupter USB
Post by: HTML5 Gordon on May 15, 2013, 12:04:38 PM
Update: I let it run for a few hours without any external cooling besides my house's air conditioning. It basically went to all hardware errors. The good news is, within a few minutes of turning the fan on, it recovered to full hashrate with no hardware errors. :)
Does this mean running it without the heatsink as well?
The Emeralds didn't have a heatsink. The original context was someone asking why it needed one ;)

Ah, good to know.  Thanks!  :)


Title: Re: [Announcement] Block Erupter USB
Post by: augustocroppo on May 15, 2013, 01:54:42 PM
Any EU buy group?
PM please.

See my signature!


Title: Re: [Announcement] Block Erupter USB
Post by: stepkrav on May 15, 2013, 02:57:19 PM
should i use a hub with external power? I will only have 2 USB on.


Title: Re: [Announcement] Block Erupter USB
Post by: klondike_bar on May 15, 2013, 03:13:07 PM
should i use a hub with external power? I will only have 2 USB on.
yes. each one of these will essentially max out the power of a traditional USB port (usually 500mA). A powered port is more reliable and sometimes pushes a higher mA if needed.

even so, batch 1 is reported to run at nearly 560mA according to the OP.


Title: Re: [Announcement] Block Erupter USB
Post by: CanaryInTheMine on May 15, 2013, 05:27:49 PM
USA based group buy still open, see my signature.


Title: Re: [Announcement] Block Erupter USB
Post by: Amph on May 15, 2013, 07:23:10 PM
i still don't understand why the price is so high

1 chip + 1 mini pcb + one usb connector = 2tbc, really?

it would have been much better if they were priced 0.50-1 btc, much honest price...


Title: Re: [Announcement] Block Erupter USB
Post by: RoadStress on May 15, 2013, 08:09:27 PM
i still don't understand why the price is so high

1 chip + 1 mini pcb + one usb connector = 2tbc, really?

it would have been much better if they were priced 0.50-1 btc, much honest price...

Why does it have to be honest?


Title: Re: [Announcement] Block Erupter USB
Post by: Xian01 on May 15, 2013, 08:12:17 PM
i still don't understand why the price is so high
1 chip + 1 mini pcb + one usb connector = 2tbc, really?

 Look at it another way, where else are you going to get 300MH/s running on a USB stick @ ~500mA ?


Title: Re: [Announcement] Block Erupter USB
Post by: mdude77 on May 15, 2013, 08:13:22 PM
i still don't understand why the price is so high

1 chip + 1 mini pcb + one usb connector = 2tbc, really?

it would have been much better if they were priced 0.50-1 btc, much honest price...

Why does it have to be honest?

This is the free market at its finest.  If no one would buy it at this price... it wouldn't be this price.

M


Title: Re: [Announcement] Block Erupter USB
Post by: markyminer on May 15, 2013, 08:47:50 PM
i still don't understand why the price is so high

1 chip + 1 mini pcb + one usb connector = 2tbc, really?

it would have been much better if they were priced 0.50-1 btc, much honest price...

Why does it have to be honest?

This is the free market at its finest.  If no one would buy it at this price... it wouldn't be this price.

M

Ohhh I think it will be dropping in price much sooner than ASM hoped! With you Yanks cheap and easy exit from BTC into Fiat shut off via Mt.Gox and Dwolla I think you might get a nasty lesson in just how important a route to Fiat is for the value of BTC.

Trust me I mine and hold BTC so I want the BTC/USD price as high as possible but I fear we may head back to $50 again in the next week.

M


Title: Re: [Announcement] Block Erupter USB
Post by: mdude77 on May 15, 2013, 09:10:16 PM
i still don't understand why the price is so high

1 chip + 1 mini pcb + one usb connector = 2tbc, really?

it would have been much better if they were priced 0.50-1 btc, much honest price...

Why does it have to be honest?

This is the free market at its finest.  If no one would buy it at this price... it wouldn't be this price.

M

Ohhh I think it will be dropping in price much sooner than ASM hoped! With you Yanks cheap and easy exit from BTC into Fiat shut off via Mt.Gox and Dwolla I think you might get a nasty lesson in just how important a route to Fiat is for the value of BTC.

Trust me I mine and hold BTC so I want the BTC/USD price as high as possible but I fear we may head back to $50 again in the next week.

M

If mtgox is that critical to bitcoin, then we have a problem, and an adjustment is in order.

M


Title: Re: [Announcement] Block Erupter USB
Post by: Xian01 on May 15, 2013, 09:15:06 PM
With you Yanks cheap and easy exit from BTC into Fiat shut off via Mt.Gox and Dwolla I think you might get a nasty lesson in just how important a route to Fiat is for the value of BTC.

http://4.bp.blogspot.com/_GAFcwUsEib8/TLhcm_Azl7I/AAAAAAAAEb4/YajGt2GIVcQ/s1600/america+eagle.jpg

I said pardon ?

You of course realize there are ways to fiat other than Dwolla, right ?


Title: Re: [Announcement] Block Erupter USB
Post by: muyuu on May 15, 2013, 09:25:32 PM
i still don't understand why the price is so high

1 chip + 1 mini pcb + one usb connector = 2tbc, really?

it would have been much better if they were priced 0.50-1 btc, much honest price...

At 0.5 they would be much better than the blades.

Demand meets supply at a substantially higher price than that, it's just that simple.


Title: Re: [Announcement] Block Erupter USB
Post by: Naelr on May 15, 2013, 10:20:09 PM
I wonder how many of these USB erupters will end up in office computers :D

Mine will!!!!!


Title: Re: [Announcement] Block Erupter USB
Post by: PeZ on May 15, 2013, 10:42:24 PM
You of course realize there are ways to fiat other than Dwolla, right ?
And those will be next on ICE's hitlist.


Title: Re: [Announcement] Block Erupter USB
Post by: markyminer on May 15, 2013, 10:48:46 PM
With you Yanks cheap and easy exit from BTC into Fiat shut off via Mt.Gox and Dwolla I think you might get a nasty lesson in just how important a route to Fiat is for the value of BTC.

http://4.bp.blogspot.com/_GAFcwUsEib8/TLhcm_Azl7I/AAAAAAAAEb4/YajGt2GIVcQ/s1600/america+eagle.jpg

I said pardon ?

You of course realize there are ways to fiat other than Dwolla, right ?

Sure. All cheap and easy routes into and out of Mt.Gox got GBP £ have been systematically shut down by UK banks since March. But Gox will happily send and receive wire transfers in Sterling or USD.

Problem is this involves hefty fees and losses in exchange rates from Yen to sterling. This makes smallish transactions into / out of BTC very expensive. Say BTC drops to $50 next week and yep i decide to take two of these USB miners now as in FIAT they have dropped from 2BTC to 1 BTC. But the costs to wire transfer and exchange £260 into 4 BTC can hit 20%!

I beleive Dwolla was popular becaus it was cheap and quick to get even small $ amounts into and out of BTC.

M


Title: Re: [Announcement] Block Erupter USB
Post by: Marrs on May 15, 2013, 11:16:11 PM
You of course realize there are ways to fiat other than Dwolla, right ?

I beleive Dwolla was popular becaus it was cheap and quick to get even small $ amounts into and out of BTC.

You can still use Dwolla. You just need to use CampBX as an intermediary.

MtGox<->CampBX<->Dwolla


Title: Re: [Announcement] Block Erupter USB
Post by: bitzip on May 16, 2013, 12:53:28 AM
If you want a few of these USB Block Erupters.  Join a buy group.  This buy group needs orders for about 40 more unit.

European Buy Group
https://bitcointalk.org/index.php?topic=195037.0 (https://bitcointalk.org/index.php?topic=195037.0)


Title: Re: [Announcement] Block Erupter USB
Post by: CumpsD on May 16, 2013, 06:19:33 PM
We also tested it on the USB-hub. Seven in a row run over a whole night and are all very stable.
http://i41.tinypic.com/2zexbi1.jpg

That's a cute hub! Could you tell me which brand/model that is? :)


Title: Re: [Announcement] Block Erupter USB
Post by: BenTuras on May 16, 2013, 06:38:00 PM
http://dx.com/s/High+Speed+10+Port+USB+2.0+HUB

various colors ;-)


Title: Re: [Announcement] Block Erupter USB
Post by: CumpsD on May 16, 2013, 06:39:04 PM
http://dx.com/s/High+Speed+10+Port+USB+2.0+HUB

various colors ;-)


Ah, DX :) Too bad it takes like over a month for something I order there to get to here ;)

Might buy one for fun raspberry projects later on :)

Thanks!


Title: Re: [Announcement] Block Erupter USB
Post by: wayner on May 16, 2013, 11:31:16 PM
http://dx.com/s/High+Speed+10+Port+USB+2.0+HUB

various colors ;-)


Ah, DX :) Too bad it takes like over a month for something I order there to get to here ;)

Might buy one for fun raspberry projects later on :)

Thanks!

Just search your local ebay for "10 Port USB Hub" and you should find it.


Title: Re: [Announcement] Block Erupter USB
Post by: AJRGale on May 16, 2013, 11:53:29 PM
Hmm, if the asic chip is on the top of the PCB, and the heatsink is on the bottom, what is it sinking? and why is there no pictures of that side?


Title: Re: [Announcement] Block Erupter USB
Post by: daemondazz on May 16, 2013, 11:55:51 PM
I'd assume that the AM design is similar to the Avalon one in which there is a large themal pad on the bottom of the ASIC chip which is connected to the heatsink through the PCB using thermal vias. That's actually a pretty standard practice.


Title: Re: [Announcement] Block Erupter USB
Post by: Xian01 on May 16, 2013, 11:57:04 PM
Hmm, if the asic chip is on the top of the PCB, and the heatsink is on the bottom, what is it sinking? and why is there no pictures of that side?

 I was thinking that myself... "Wouldn't you want the heatsink on the top of the plug to radiate heat up instead of through the PCB ?"

 *shrugs*


Title: Re: [Announcement] Block Erupter USB
Post by: PeZ on May 17, 2013, 12:31:00 AM
http://dx.com/s/High+Speed+10+Port+USB+2.0+HUB

various colors ;-)


Ah, DX :) Too bad it takes like over a month for something I order there to get to here ;)

Might buy one for fun raspberry projects later on :)

Thanks!
1. Get cheap hub from China and get big problems. Here's the review from one buyer...
Quote
WARNING: I have one of these, and they used a 0 ohm resistor where there should be a diode installed. This caused the hub to backfeed power into my mainboard and it blew my mainboard. I very nearly blew the replacement board too but I was being very careful and plugging things in one at a time. The second that I plugged this in to the new mainboard, it shut down instantly. It works OK if I don't hook up the power supply to power this hub. I'm going to unsolder the jumper resistor and put in the diode that should have been in there in the first place, but I won't be buying any more of these.

2. Don't expect the Pi to work with just any hub...
http://elinux.org/RPi_VerifiedPeripherals#Working_USB_Hubs


Title: Re: [Announcement] Block Erupter USB
Post by: mdude77 on May 17, 2013, 12:40:33 AM
http://dx.com/s/High+Speed+10+Port+USB+2.0+HUB

various colors ;-)


Ah, DX :) Too bad it takes like over a month for something I order there to get to here ;)

Might buy one for fun raspberry projects later on :)

Thanks!
1. Get cheap hub from China and get big problems. Here's the review from one buyer...
Quote
WARNING: I have one of these, and they used a 0 ohm resistor where there should be a diode installed. This caused the hub to backfeed power into my mainboard and it blew my mainboard. I very nearly blew the replacement board too but I was being very careful and plugging things in one at a time. The second that I plugged this in to the new mainboard, it shut down instantly. It works OK if I don't hook up the power supply to power this hub. I'm going to unsolder the jumper resistor and put in the diode that should have been in there in the first place, but I won't be buying any more of these.

2. Don't expect the Pi to work with just any hub...
http://elinux.org/RPi_VerifiedPeripherals#Working_USB_Hubs


I was looking at hubs as well.  Not impressed with what I've seen so far.  NewEgg doesn't seem to have any that make it easy to plug a good number of these puppies in.

Amazon has a bunch.  Those that are < $20 have horrible reviews.  Almost every one says "not enough power to power all my devices at once, sometimes not enough to power one".  If each of these pulls min of 0.5ma, I suspect these cheap things aren't going to cut it.  Not thrilled with the idea of spending $50 on a USB hub.. but it looks like that's what I'm going to have to do.

Thoughts?

M


Title: Re: [Announcement] Block Erupter USB
Post by: razorfishsl on May 17, 2013, 12:45:33 AM
Don't buy these cheap 10-12 way hubs, they are Cu**t designs

open one up and take a look
The PCB layout is along the lines of :

CHIP: con:con:con:con :CHIP:con:con:con

Rather than
con:con:CHIP:con:con: con:con:CHIP:con:con

So the USB lines are twice as long as they need to be, and they run 4*USB signals  in parallel tracks side by side with no Guard bands

Then the PSU is just plugs STRAIGHT into the powerfeed for the chips... and back into the computer no VARs no blocking diodes.....

To safely power down your driving  CPU you have to UNPLUG the USB cable first...........


The whole design has been thrown together by some cock sucker in a rice field.


Title: Re: [Announcement] Block Erupter USB
Post by: ChinaCoin on May 17, 2013, 12:46:15 AM
Yes, you'll have to spend money on a quality Hub, and $50 will take you there.


Title: Re: [Announcement] Block Erupter USB
Post by: HTML5 Gordon on May 17, 2013, 12:54:13 AM
Hmm, if the asic chip is on the top of the PCB, and the heatsink is on the bottom, what is it sinking? and why is there no pictures of that side?

 I was thinking that myself... "Wouldn't you want the heatsink on the top of the plug to radiate heat up instead of through the PCB ?"

 *shrugs*

ASICMiner uses quad-flat no-leads (QFN) packages, so there is a metal plate on the bottom.  Heat dissipates through openings to the other side, hence the heatsinks being on the bottom.


Title: Re: [Announcement] Block Erupter USB
Post by: Xian01 on May 17, 2013, 12:57:08 AM
ASICMiner uses quad-flat no-leads (QFN) packages, so there is a metal plate on the bottom.  Heat dissipates through openings to the other side, hence the heatsinks being on the bottom.

*makes motions of things going over his head*

I'll need to look into QFN on teh Googles. Interesting stuff. Thanks.


Title: Re: [Announcement] Block Erupter USB
Post by: erk on May 17, 2013, 01:16:44 AM
These things are not very profitable compared to a normal video card. The ROI on a video card is normally 2 months.

Plug in 300Mhz into this calc and see for yourself, don't forget to put in the power consumption of the host system and your electricity price.

http://www.bitcoinx.com/profit/

The ROI I got was over 7mths.



Title: Re: [Announcement] Block Erupter USB
Post by: Xian01 on May 17, 2013, 01:23:04 AM
These things are not very profitable compared to a normal video card. The ROI on a video card is normally 2 months.

 If you factor in electrical costs, it's more-than-likely a wash. I agree they are a little bit on the pricey side, but not egregiously so considering this is a first gen device.


Title: Re: [Announcement] Block Erupter USB
Post by: mdude77 on May 17, 2013, 01:25:01 AM
These things are not very profitable compared to a normal video card. The ROI on a video card is normally 2 months.

 If you factor in electrical costs, it's more-than-likely a wash. I agree they are a little bit on the pricey side, but not egregiously so considering this is a first gen device.

Hmm.  Something is wrong with this picture.

For $400 you can get a 7970 that can easily get 600mh/s with a lot of power drain.
For $400 you can get two of these that gets the same with a fraction of the power drain.

How is a GPU ROI faster?

M


Title: Re: [Announcement] Block Erupter USB
Post by: Xian01 on May 17, 2013, 01:29:57 AM
For $400 you can get a 7970 that can easily get 600mh/s with a lot of power drain.

 That's where it gets a bit more difficult to figure out. A 7970 will do at least 680MH/s overclocked for ~$400. Don't know the wattage off the top of my head.

 Two Erupter USB's will pull a bit north of 600MH/s @ < 1W ?

 I'm not good enough with stats and math to figure out efficiency of a 7970 vs 2x Erupters, but I'm guessing the 2x Erupters will ROI faster than a single 7970 if you take electrical costs into consideration.


Title: Re: [Announcement] Block Erupter USB
Post by: abracadabra on May 17, 2013, 01:48:59 AM
These things are not very profitable compared to a normal video card. The ROI on a video card is normally 2 months.

 If you factor in electrical costs, it's more-than-likely a wash. I agree they are a little bit on the pricey side, but not egregiously so considering this is a first gen device.

Hmm.  Something is wrong with this picture.

For $400 you can get a 7970 that can easily get 600mh/s with a lot of power drain.
For $400 you can get two of these that gets the same with a fraction of the power drain.

How is a GPU ROI faster?

M

IMO, the residual value of the 7970s is higher than that of the Block Erupter USBs.


Title: Re: [Announcement] Block Erupter USB
Post by: erk on May 17, 2013, 01:53:07 AM


Hmm.  Something is wrong with this picture.

For $400 you can get a 7970 that can easily get 600mh/s with a lot of power drain.
For $400 you can get two of these that gets the same with a fraction of the power drain.

How is a GPU ROI faster?

M

I get over 600MH/s off a 7950 that costs $300 and the USB device does only 300MH/s and costs 1.99 BTC= $235 or $470 for two.

You can do even better than that if you use cheaper video cards like a 5830 for $65 that does 300MH/s

see https://en.bitcoin.it/wiki/Mining_hardware_comparison for some examples.

The USB ASICs get more cost effective if you have several, however if you are going to go down that path you are probably better off waiting for a Klondike board or one of the other numerous Avalon chip projects on this forum.



Title: Re: [Announcement] Block Erupter USB
Post by: HTML5 Gordon on May 17, 2013, 02:03:34 AM


Hmm.  Something is wrong with this picture.

For $400 you can get a 7970 that can easily get 600mh/s with a lot of power drain.
For $400 you can get two of these that gets the same with a fraction of the power drain.

How is a GPU ROI faster?

M

I get over 600MH/s off a 7950 that costs $300 and the USB device does only 300MH/s and costs 1.99 BTC= $235 or $470 for two.


But the 7950 uses 300w vs. only 10w for the two USB Erupters (they use ~5w each).  So ~600MH/s for each, but vastly different power usage.


Title: Re: [Announcement] Block Erupter USB
Post by: Henchman24 on May 17, 2013, 02:03:59 AM


Hmm.  Something is wrong with this picture.

For $400 you can get a 7970 that can easily get 600mh/s with a lot of power drain.
For $400 you can get two of these that gets the same with a fraction of the power drain.

How is a GPU ROI faster?

M

I get over 600MH/s off a 7950 that costs $300 and the USB device does only 300MH/s and costs 1.99 BTC= $235 or $470 for two.



There is another aspect I wanted to bring up.  Having only recently acquired a couple of BFL FPGAs, I never realized how wonderfully low maintenance a dedicated device is, when compared to GPUs.

I spent 3 minutes doing a firmware flash, plugged them into the USB port and I'm getting an almost identical rate of 873MH/s from each device

No core/memory tweaking, no voltage mods, no afterburner, no gpu-z, no overheating vrams, no proprietary fans to replace,...


Title: Re: [Announcement] Block Erupter USB
Post by: PeZ on May 17, 2013, 06:25:40 AM
I get over 600MH/s off a 7950 that costs $300 and the USB device does only 300MH/s and costs 1.99 BTC= $235 or $470 for two.
Use your website calculator and you'll find the video card has about the same ROI time as two of these devices. Once you get to ROI, you will be making more bitcoin due to lower energy costs. With a video card you have to put up with heat, noise, bigger electricity bill, and one useless computer.

Anyways, if you are mining with a video card you should not be mining bitcoin.


Title: Re: [Announcement] Block Erupter USB
Post by: erk on May 17, 2013, 06:33:34 AM
I get over 600MH/s off a 7950 that costs $300 and the USB device does only 300MH/s and costs 1.99 BTC= $235 or $470 for two.
Use your website calculator and you'll find the video card has about the same ROI time as two of these devices. Once you get to ROI, you will be making more bitcoin due to lower energy costs. With a video card you have to put up with heat, noise, bigger electricity bill, and one useless computer.

Anyways, if you are mining with a video card you should not be mining bitcoin.

Yes that's true, you normally mine what's the most profitable on the day, mainly scrypt coins, then convert to BTC.



Title: Re: [Announcement] Block Erupter USB
Post by: SpaceCadet on May 17, 2013, 04:51:46 PM
For $400 you can get a 7970 that can easily get 600mh/s with a lot of power drain.

While I still think the Erupter is somewhat overpriced, the 7970 example only works if you already have a mobo (with ram and HD) and PSU rated to handle it.  So you need to add at least $200 for that (assuming a headless, chasis-less configuration).  With the Erupter (and hopefully the less expensive usb miners that will follow it!), you can pop them into any old device you already have lying around (or your laptop, for that matter!).  Can't do that with a 7970!


Title: Re: [Announcement] Block Erupter USB
Post by: CumpsD on May 17, 2013, 05:00:33 PM
Don't buy these cheap 10-12 way hubs, they are Cu**t designs

open one up and take a look
The PCB layout is along the lines of :

CHIP: con:con:con:con :CHIP:con:con:con

Rather than
con:con:CHIP:con:con: con:con:CHIP:con:con

So the USB lines are twice as long as they need to be, and they run 4*USB signals  in parallel tracks side by side with no Guard bands

Then the PSU is just plugs STRAIGHT into the powerfeed for the chips... and back into the computer no VARs no blocking diodes.....

To safely power down your driving  CPU you have to UNPLUG the USB cable first...........

The whole design has been thrown together by some cock sucker in a rice field.

Which hubs would you recommend? Powered with lots of ports :)

I'd like to power a Raspberry Pi from it, as well as some Ztex modules and the future Erupter USB sticks ;)


Title: Re: [Announcement] Block Erupter USB
Post by: GodHatesFigs on May 17, 2013, 05:01:21 PM
The 7970 card will still be worth a couple hundred dollars in a year; these USB sticks won't be worth anything.


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 17, 2013, 05:02:45 PM
The 7970 card will still be worth a couple hundred dollars in a year; these USB sticks won't be worth anything.

sentimental value? :D


Title: Re: [Announcement] Block Erupter USB
Post by: muyuu on May 17, 2013, 05:26:33 PM
The 7970 card will still be worth a couple hundred dollars in a year; these USB sticks won't be worth anything.

sentimental value? :D

They will be in museums. A piece of history :D


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on May 17, 2013, 08:29:41 PM
In Germany 1 kwh costs about 0.27 Eurocent, so GPU mining makes no sense.


Title: Re: [Announcement] Block Erupter USB
Post by: erk on May 17, 2013, 11:24:10 PM


But the 7950 uses 300w vs. only 10w for the two USB Erupters (they use ~5w each).  So ~600MH/s for each, but vastly different power usage.
10Watts, lol, you convinently omitted the power consumption of the host computer on which the USB device depends. The cheaper price of the GPU pays for an lot of electricity. The point I am trying tp make is the USB devices are overpriced, the ASIC chip on them is worth under $10, and I bet all the rest of the parts are too. Look at how many parts you get on a video card by comparison.



Title: Re: [Announcement] Block Erupter USB
Post by: yxt on May 17, 2013, 11:27:20 PM
GPU: + x W  host PC
USB: + x W  r-pi


Title: Re: [Announcement] Block Erupter USB
Post by: erk on May 17, 2013, 11:30:21 PM
GPU: + x W  host PC
USB: + x W  r-pi

BFL 5GH/s + R-Pi  ($350 approx)


Title: Re: [Announcement] Block Erupter USB
Post by: BlackLilac Grant on May 17, 2013, 11:55:21 PM
GPU: + x W  host PC
USB: + x W  r-pi

BFL 5GH/s + R-Pi  ($350 approx)



Magic = 1,000,000 TH/s free!

There is no product you can buy from BFL that hashes at 5 GH/s and will ship any time this year, if ever. Comparing a real in-hand product to vapourware is silly.


Title: Re: [Announcement] Block Erupter USB
Post by: HTML5 Gordon on May 17, 2013, 11:55:59 PM
GPU: + x W  host PC
USB: + x W  r-pi

BFL 5GH/s + R-Pi  ($350 approx)


Ah.  If only any of us could get one anytime soon.  Yes, I have BFL pre-orders.

Anyway, no matter what else you throw out there, the USB erupter is more efficient than a GPU, and therefore will cost less than a GPU over the long term.

My BFL devices are getting great power consumption numbers - 0W!  Unfortunately, they are also getting me 0 BTC right now.  ;)


Title: Re: [Announcement] Block Erupter USB
Post by: erk on May 18, 2013, 12:02:01 AM
GPU: + x W  host PC
USB: + x W  r-pi

BFL 5GH/s + R-Pi  ($350 approx)



Magic = 1,000,000 TH/s free!

There is no product you can buy from BFL that hashes at 5 GH/s and will ship any time this year, if ever. Comparing a real in-hand product to vapourware is silly.

Of course you have absolutely no proof of this claim

I placed my order for a 5GH/s unit on 5th. April, it cost me 2.62BTC including shipping, in order to get 5GH/s worth of USB devices you would have to purchase 17 units, and spend over 33BTC, even if my order takes several months to turn up, I will still be ahead.

I will also be purchasing an Avalon chip based device, but no the Block Erupter USB, it's a ripoff at 1.99BTC or more.




Title: Re: [Announcement] Block Erupter USB
Post by: BlackLilac Grant on May 18, 2013, 12:13:51 AM
GPU: + x W  host PC
USB: + x W  r-pi

BFL 5GH/s + R-Pi  ($350 approx)



Magic = 1,000,000 TH/s free!

There is no product you can buy from BFL that hashes at 5 GH/s and will ship any time this year, if ever. Comparing a real in-hand product to vapourware is silly.

Of course you have absolutely no proof of this claim

I placed my order for a 5GH/s unit on 5th. April, it cost me 2.62BTC including shipping, in order to get 5GH/s worth of USB devices you would have to purchase 17 units, and spend over 33BTC, even if my order takes several months to turn up, I will still be ahead.

I will also be purchasing an Avalon chip based device, but no the Block Erupter USB, it's a ripoff at 1.99BTC or more.




I hope by "several months" you mean 10-12 months, or never.

What claim did I make that I have no proof of? That ASICMINER USBs are in-hand, or that BFL has currently missed their promised shipping date by ~ 8 months and counting, and that orders placed today likely won't be shipped for at least that long?

Or were you referring to my claim about magic? If so you're right, I can't back that up.

I really do hope you get your unit in a reasonable time frame, but I hope you're not counting on it, because there is zero evidence that they will ever be able to fill all of their early pre-orders, let alone those placed in 2013. Meanwhile, my ASICMINER blades and USBs will be hashing away next week. 


Title: Re: [Announcement] Block Erupter USB
Post by: Xian01 on May 18, 2013, 12:20:52 AM
I placed my order for a 5GH/s unit on 5th. April, it cost me 2.62BTC including shipping, in order to get 5GH/s worth of USB devices you would have to purchase 17 units, and spend over 33BTC, even if my order takes several months to turn up, I will still be ahead.

 You are not taking into consideration reasonable shipping time for your April 5th order, nor are you taking network difficulty into consideration 6-8 months from now - hopefully when you might receive the product you have ordered.

 If you were to spend those 33 BTC for 17 Erupter units right now, you are starting to ROI much sooner. Your BFL preorder is a depreciating asset with every passing day, and unless you are a June or July 2012 order, my gut is telling me "Good luck seeing your order this year."


Title: Re: [Announcement] Block Erupter USB
Post by: yxt on May 18, 2013, 01:15:59 AM
There is no product you can buy from BFL that hashes at 5 GH/s and will ship any time this year, if ever. Comparing a real in-hand product to vapourware is silly.

Of course you have absolutely no proof of this claim

Is a reasonable conclusion based on BFL track record from FPGA preorder days until now

remember Nov 2012: "shipping in 14 days"


Title: Re: [Announcement] Block Erupter USB
Post by: martynw2000 on May 18, 2013, 12:20:44 PM
The mathematics on this product don't work out.

Minimum order of 300 units at 1.99BTC each = 597BTC

Assuming a mining difficulty increase of 10% every 11 days or so, in 6 months time at 90,000Mh/ps you will have earned back 385BTC - and by then you'll only be earning 0.77BTC per day. In a year, you'd still only have 456BTC, and you'd likely never get back to 597BTC unless you increased your hashing rate by buying more units. Plus this is assuming a start date of today - likelyhood if I placed an order today for 300 units, delivery could be any unknown time in the future when the difficulty has already gone up x amount. 

Naturally, the difficulty MIGHT not go up 10% every 11 days, and the value of BTC MIGHT go up a lot, but there's no way to tell. 

At current rates 597BTC will cost you ~$73,500 - not many people have that amount of money laying around, so most would have to get a loan to do so - so factoring in an interest rate for that too, it's just not viable IMHO.


Title: Re: [Announcement] Block Erupter USB
Post by: Chrithu on May 18, 2013, 12:28:06 PM
Hi.

This thing looks quite interesting.

Getting basically the same hashrate as I currently get out of my GPUs at only a fraction of the power consumption and without being unable to game at the same time as I mine on my rig is temping, VERY tempting.

What currently still let's me shy away is the high price. Is there any chance that the price will drop later on, as demand goes up? Because at that price I could aswell get me a nice 7000 series GPU which won't be near as efficient for mining but could be used for gaming and besides is something I have planned to obtain either way sooner or later this year for gaming purposes (you know ESO and STar Citizen around the corner).

Also I'd like to know if you or any retailer is planing to put the things in a nice casing?

Being a Techgeek is nice and stuff. But operating such things with open circuits in a room that isn't safe from dust is just asking for pulverizing the investment if you ask me.


Title: Re: [Announcement] Block Erupter USB
Post by: klotzenhotz on May 18, 2013, 02:08:59 PM
2 x USB Miner vs. Radeon 7970, a simple power calculation for german users:

7970: let's give it 180W (GPU only) -> 0,18 kWh x 24h x 31d x 0,27 EUR = 36 EUR / month ~ 46 USD / month power costs
2 x USB Miner: 5W -> 0,005 kWh x 24h x 31d x 0,27 EUR = 1 EUR / month ~ 1.28 USD / month power costs

Well, in my book there are no open questions...


Title: Re: [Announcement] Block Erupter USB
Post by: pornluver on May 18, 2013, 02:11:13 PM
How many megaherz  Radeon 7970 is?


Title: Re: [Announcement] Block Erupter USB
Post by: klotzenhotz on May 18, 2013, 02:13:15 PM
How many megaherz  Radeon 7970 is?

What do you mean? In general? Or OCed? I'm running mine with ~ 1135 MHz, it's not very stable above that, but that's very individual.


Title: Re: [Announcement] Block Erupter USB
Post by: martynw2000 on May 18, 2013, 03:14:39 PM

Well, in my book there are no open questions...


Except that there's a minimum order quantity of 300 units @ 1.99BTC per unit = 597BTC.

That's a serious snag in my book.....


Plus you'll need 30 x powered USB hubs, plus a number of computers to run it all, because you can only attach 127 USB devices to 1 computer assuming you have enough bandwidth on your USB ports... which is unlikely. Without seeing the devices, I'd say you "might" get 50 on one computer, so you'll need 6 computers running too along with the associated power costs.


Title: Re: [Announcement] Block Erupter USB
Post by: CumpsD on May 18, 2013, 03:29:55 PM

Well, in my book there are no open questions...


Except that there's a minimum order quantity of 300 units @ 1.99BTC per unit = 597BTC.

That's a serious snag in my book.....

Plus you'll need 30 x powered USB hubs, plus a number of computers to run it all, because you can only attach 127 USB devices to 1 computer assuming you have enough bandwidth on your USB ports... which is unlikely. Without seeing the devices, I'd say you "might" get 50 on one computer, so you'll need 6 computers running too along with the associated power costs.

Just do a group buy? Like the many that are ongoing now and have already been ordered.


Title: Re: [Announcement] Block Erupter USB
Post by: klotzenhotz on May 18, 2013, 03:35:26 PM

Well, in my book there are no open questions...


Except that there's a minimum order quantity of 300 units @ 1.99BTC per unit = 597BTC.

That's a serious snag in my book.....


Plus you'll need 30 x powered USB hubs, plus a number of computers to run it all, because you can only attach 127 USB devices to 1 computer assuming you have enough bandwidth on your USB ports... which is unlikely. Without seeing the devices, I'd say you "might" get 50 on one computer, so you'll need 6 computers running too along with the associated power costs.

Just bought 3 pieces on a group buy. So, no problems at all.

BTW: Compared to 150 x 7970 Radeon... ;)


Title: Re: [Announcement] Block Erupter USB
Post by: dnaleor on May 18, 2013, 05:15:35 PM
Really great idea!

It was to be expected that the price for the first batch would be high. The geeks with to much BTC just buy, no matter the price. Even priced at 10 BTC they would have a good sale.

I consider myself a geek, but I didn't mine in the early days, so I don't have a lot of BTC to throw around (I have give or take 5 BTC).

I really want such a USB stick, but 225$, that is just TOO MUCH (consider the production cost well being below 50$)
I would start buying at 120$ (1 BTC)
If the price is 0.5 BTC I would buy a lot. I have plenty of friends who are interested in Bitcoin and would buy one. Or i would give them as present for their birthday. And we know it's possible to produce them @ a price 0.5 BTC

Logic learns us that great ideas will be copied and produced for less money, this one is a good challenger:
https://bitcointalk.org/index.php?topic=196281.0
 (https://bitcointalk.org/index.php?topic=196281.0)
It would depend on who will be the fastest with a low price.


Title: Re: [Announcement] Block Erupter USB
Post by: seleme on May 19, 2013, 04:17:25 AM
The fact that AsicMiner is the fastest gives them an option to price their products with 300% profit margin.

And boy, they use each opportunity to do it and will as long as there's enough suckers to buy. And it looks there is.


Title: Re: [Announcement] Block Erupter USB
Post by: erk on May 19, 2013, 04:27:32 AM
The fact that AsicMiner is the fastest gives them an option to price their products with 300% profit margin.

And boy, they use each opportunity to do it and will as long as there's enough suckers to buy. And it looks there is.

The Klondike 1 USB ASIC stick, will be a direct competitor and come in at a fraction of the price.



Title: Re: [Announcement] Block Erupter USB
Post by: QuiveringGibbage on May 19, 2013, 04:34:28 AM
The Klondike 1 USB ASIC stick, will be a direct competitor and come in at a fraction of the price.

Can Klondike deliver next week? ;) I don't think so.


Title: Re: [Announcement] Block Erupter USB
Post by: erk on May 19, 2013, 04:37:52 AM
The Klondike 1 USB ASIC stick, will be a direct competitor and come in at a fraction of the price.

Can Klondike deliver next week? ;) I don't think so.
Final price is more important than rapid delivery. If I didn't care about price I would go to my local computer shop right now and get a HD7990 GPU and be mining at 1200MH/s within the hour and making over $125/mth. on top of power costs at the current difficulty.


Title: Re: [Announcement] Block Erupter USB
Post by: Xian01 on May 19, 2013, 04:58:19 AM
Even priced at 10 BTC they would have a good sale.

 10 BTC would have indeed been a good sale... for the ASICMiner shareholders.

 For the purchaser, not so much.


Title: Re: [Announcement] Block Erupter USB
Post by: Chrithu on May 19, 2013, 07:56:34 AM
2 x USB Miner vs. Radeon 7970, a simple power calculation for german users:

7970: let's give it 180W (GPU only) -> 0,18 kWh x 24h x 31d x 0,27 EUR = 36 EUR / month ~ 46 USD / month power costs
2 x USB Miner: 5W -> 0,005 kWh x 24h x 31d x 0,27 EUR = 1 EUR / month ~ 1.28 USD / month power costs

Well, in my book there are no open questions...

I am well aware of that calculation.

Still as someone else in here already wrote: The stick definetly is overpriced because production cost can't be that high. From what I found in those forums the current per unit price for the Avalon chip in BTC is at about 0.09 in the group buys.  Someone else in the forum is offering to build 10 or 20 chips into a nice miner for just about 1 BTC on top of the cost for the chips. That's essentially the same price as the Block Erupter at ten times the mining power for the 10 chip version. And I am currently looking into hopping on that boat instead of wasting my money on this thing here.


Title: Re: [Announcement] Block Erupter USB
Post by: klotzenhotz on May 19, 2013, 08:02:10 AM
2 x USB Miner vs. Radeon 7970, a simple power calculation for german users:

7970: let's give it 180W (GPU only) -> 0,18 kWh x 24h x 31d x 0,27 EUR = 36 EUR / month ~ 46 USD / month power costs
2 x USB Miner: 5W -> 0,005 kWh x 24h x 31d x 0,27 EUR = 1 EUR / month ~ 1.28 USD / month power costs

Well, in my book there are no open questions...

I am well aware of that calculation.

Still as someone else in here already wrote: The stick definetly is overpriced because production cost can't be that high. From what I found in those forums the current per unit price for the Avalon chip in BTC is at about 0.09 in the group buys.  Someone else in the forum is offering to build 10 or 20 chips into a nice miner for just about 1 BTC on top of the cost for the chips. That's essentially the same price as the Block Erupter at ten times the mining power for the 10 chip version. And I am currently looking into hopping on that boat instead of wasting my money on this thing here.

Okay, that's right (asuming, that DIY Avalon eventually works). I was just referring to the "GPU is better / ROI of GPU is better" - statements.


Title: Re: [Announcement] Block Erupter USB
Post by: kreeften on May 19, 2013, 11:23:47 AM
waar is deze te koop?
hoe kom ik er aan?

sorry mijn engels is niet zo goed


Title: Re: [Announcement] Block Erupter USB
Post by: HowGudAmI on May 19, 2013, 11:28:35 AM
2 x USB Miner vs. Radeon 7970, a simple power calculation for german users:

7970: let's give it 180W (GPU only) -> 0,18 kWh x 24h x 31d x 0,27 EUR = 36 EUR / month ~ 46 USD / month power costs
2 x USB Miner: 5W -> 0,005 kWh x 24h x 31d x 0,27 EUR = 1 EUR / month ~ 1.28 USD / month power costs

Well, in my book there are no open questions...

I am well aware of that calculation.

Still as someone else in here already wrote: The stick definetly is overpriced because production cost can't be that high. From what I found in those forums the current per unit price for the Avalon chip in BTC is at about 0.09 in the group buys.  Someone else in the forum is offering to build 10 or 20 chips into a nice miner for just about 1 BTC on top of the cost for the chips. That's essentially the same price as the Block Erupter at ten times the mining power for the 10 chip version. And I am currently looking into hopping on that boat instead of wasting my money on this thing here.

Do you have a link to this thread that you mention?


Title: Re: [Announcement] Block Erupter USB
Post by: dnaleor on May 19, 2013, 12:22:53 PM
Even priced at 10 BTC they would have a good sale.

 10 BTC would have indeed been a good sale... for the ASICMiner shareholders.

 For the purchaser, not so much.

I completly agree... But I'm sure they would sell a lot at 10 BTC, but only the first batch. AFter that one, they would sell almost nothing


Title: Re: [Announcement] Block Erupter USB
Post by: dnaleor on May 19, 2013, 12:26:36 PM
waar is deze te koop?
hoe kom ik er aan?

sorry mijn engels is niet zo goed

Je moet ze via een groepsaankoop proberen te bemachtigen. Kijk voor meer info hier: https://bitcointalk.org/index.php?topic=207326.0 (https://bitcointalk.org/index.php?topic=207326.0)

Maar ik zou het niet doen, ze vragen meer dan 2 BTC, wat wel héél duur is. Ik wacht nog even tot ze goedkoper worden.


Translation: I referred him to the Europe group buy and said that I would wait  for price drop.


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on May 19, 2013, 02:54:55 PM
The mathematics on this product don't work out.

Minimum order of 300 units at 1.99BTC each = 597BTC

Assuming a mining difficulty increase of 10% every 11 days or so, in 6 months time at 90,000Mh/ps you will have earned back 385BTC - and by then you'll only be earning 0.77BTC per day. In a year, you'd still only have 456BTC, and you'd likely never get back to 597BTC unless you increased your hashing rate by buying more units. Plus this is assuming a start date of today - likelyhood if I placed an order today for 300 units, delivery could be any unknown time in the future when the difficulty has already gone up x amount. 

Naturally, the difficulty MIGHT not go up 10% every 11 days, and the value of BTC MIGHT go up a lot, but there's no way to tell. 

At current rates 597BTC will cost you ~$73,500 - not many people have that amount of money laying around, so most would have to get a loan to do so - so factoring in an interest rate for that too, it's just not viable IMHO.

There is so much guessing in those posts. Why don't you look at the BTC/USD exchange rate 12 months back and guess it will be the same during the next 12 months. Will it make sense then?


Title: Re: [Announcement] Block Erupter USB
Post by: markyminer on May 19, 2013, 04:17:10 PM
Introduction


The Sapphire Batch

This is the first batch under production in quantity. Its lead-time is conservatively 15-20 days.


Ok, this was posted 4th May, 15 days are up, difficulty is now 11.2 million, it will be 12 million in 6 days.  So lets see some screen shots and youtube videos of you guys hashing way at 300mh/h and only pullin 3 watts.

Hurry please , as us BFL customers know every day passed you have bought into a depreciating asset, especially one that had a $0 ROI to start with.

Thanks

M

 



Title: Re: [Announcement] Block Erupter USB
Post by: btceic on May 19, 2013, 04:46:34 PM
2 x USB Miner vs. Radeon 7970, a simple power calculation for german users:

7970: let's give it 180W (GPU only) -> 0,18 kWh x 24h x 31d x 0,27 EUR = 36 EUR / month ~ 46 USD / month power costs
2 x USB Miner: 5W -> 0,005 kWh x 24h x 31d x 0,27 EUR = 1 EUR / month ~ 1.28 USD / month power costs

Well, in my book there are no open questions...

I am well aware of that calculation.

Still as someone else in here already wrote: The stick definetly is overpriced because production cost can't be that high. From what I found in those forums the current per unit price for the Avalon chip in BTC is at about 0.09 in the group buys.  Someone else in the forum is offering to build 10 or 20 chips into a nice miner for just about 1 BTC on top of the cost for the chips. That's essentially the same price as the Block Erupter at ten times the mining power for the 10 chip version. And I am currently looking into hopping on that boat instead of wasting my money on this thing here.


link please


Title: Re: [Announcement] Block Erupter USB
Post by: DPoS on May 19, 2013, 05:05:44 PM
Little tired of so many people judging each ROI like you only get one bet...  No guarantee that the DIY efforts will be timely and without issues

My miner history is:

Used GUIminer and my dual gtx460s to weakly mine at 146mh on main pc
Thought about BFL minirig in March, researched two days and smelled scam and passed.
Would of pulled trigger on Batch 3 Avalon but didn't have the BTC ready in time. 
Bought ModMiner for 8btc last month to free up main pc and reuse old pc rig
Buying 4 usbees to add to old rig to have 2gh mining
Buying 38 Avalon chips for 2 klondikes and some nanos


Even if my ROIs are long, it is like putting my bitcoins in a silicon mattress that I will still have plus the hardware still mining what little they can do

We all wish we had a first batch Avalon but that ROI is the exception and had plenty of risk too.  Looks like batch 3 avalons aren't looking very great ROI right now either



Title: Re: [Announcement] Block Erupter USB
Post by: PeZ on May 19, 2013, 05:31:34 PM
From what I found in those forums the current per unit price for the Avalon chip in BTC is at about 0.09 in the group buys.  Someone else in the forum is offering to build 10 or 20 chips into a nice miner for just about 1 BTC on top of the cost for the chips. That's essentially the same price as the Block Erupter at ten times the mining power for the 10 chip version. And I am currently looking into hopping on that boat instead of wasting my money on this thing here.
The DIY Avalon boards are a low cost alternative BUT, for the sake of cost purposes, they are designing a board without a FPGA chip and that goes against the Avalon design. Until we see a working prototype, the first DIY design could be a failure. We don't even know when the first chips will arrive. It could be a long time before a working DIY board is made and the cost could increase substancially.


Title: Re: [Announcement] Block Erupter USB
Post by: bitzip on May 19, 2013, 05:40:48 PM
I'm purchased 20 of them.

The plan is to hook them to a Raspberry Pi.  Do you think it can handle communicating with 20 units?

Powering them seems to be another issue.  Could a socket be soldered to the board to power them, instead relying on the power from a powered hub?



Title: Re: [Announcement] Block Erupter USB
Post by: CommanderVenus on May 19, 2013, 06:00:26 PM
I'm purchased 20 of them.

The plan is to hook them to a Raspberry Pi.  Do you think it can handle communicating with 20 units?

Powering them seems to be another issue.  Could a socket be soldered to the board to power them, instead relying on the power from a powered hub?


Wow thats one hell of an experiment. I plan to use one with my RPi on a powered hub.. but twenty. Im not sure man haha.


Title: Re: [Announcement] Block Erupter USB
Post by: rupy on May 21, 2013, 05:44:16 PM
I would want to run my one off the RPi internal hub directly, but I guess that's asking for trouble! ;)


Title: Re: [Announcement] Block Erupter USB
Post by: CumpsD on May 21, 2013, 05:59:09 PM
I'm still wondering which brands produce qualitative 10 port powered USB hubs, seeing the China ones are not that trustworthy

Anyone? :)


Title: Re: [Announcement] Block Erupter USB
Post by: turtle83 on May 21, 2013, 06:37:52 PM
I'm still wondering which brands produce qualitative 10 port powered USB hubs, seeing the China ones are not that trustworthy

Anyone? :)

Be careful of el chepo chinese hubs. I bought a 7 port (powered 5V 2A) one for my ztexes, which by the way does not draw power from USB... I get all sorts of errors on it. Got it to work with max 2 devices after disconnecting the 5V line from host <--> hub cable.

For Block Erupter USB  ud need more power. like ~0.5A per port... so if its 10 port hub, make sure u got 5V 5A adapter with it.


Title: Re: [Announcement] Block Erupter USB
Post by: rupy on May 21, 2013, 08:35:55 PM
I'm also looking for a quality "industrial look" USB hub for some time... bought a d-link 7-port for my zTex and stripped the case, it's still working, can't say as much for the 60W power brick that powers the zTex cluster!

There are some but they are expensive as hell, and also they have weird power connectors:

http://sgcdn.startech.com/005329/media/products/gallery_large/ST7200USBM.Main.jpg


Title: Re: [Announcement] Block Erupter USB
Post by: Henchman24 on May 21, 2013, 08:53:58 PM
I'm also looking for a quality "industrial look" USB hub for some time... bought a d-link 7-port for my zTex and stripped the case, it's still working, can't say as much for the power brick!

There are some but they are expensive as hell, and also they have weird power connectors:


Here's a 7 port USB 3.0 version, which gives you max 1.5 amps per port.  Although with the sapphire's lower power requirements (.500-.510 amps versus the .560 of the emeralds) it may not be as important anymore.

http://www.coolgear.com/productdetails1.cfm?sku=USBG-7U3ML&cats=434 (http://www.coolgear.com/productdetails1.cfm?sku=USBG-7U3ML&cats=434)

And as you said, it's a little pricey at $99, considering you still need a power supply.


Title: Re: [Announcement] Block Erupter USB
Post by: rupy on May 21, 2013, 08:59:34 PM
Just bought this:

http://www.exsys.ch/images/exsys/EX-1177.jpg

It was downpriced to like 40$. Same manufacturer but with included "regular" power supply.


Title: Re: [Announcement] Block Erupter USB
Post by: CumpsD on May 21, 2013, 09:00:18 PM
Got a link?


Title: Re: [Announcement] Block Erupter USB
Post by: rupy on May 21, 2013, 09:01:37 PM
https://www.elfa.se/elfa3~se_sv/elfa/init.do?item=25-200-35&toc=25065&q=usb+hub


Title: Re: [Announcement] Block Erupter USB
Post by: Amph on May 21, 2013, 09:03:27 PM
2 x USB Miner vs. Radeon 7970, a simple power calculation for german users:

7970: let's give it 180W (GPU only) -> 0,18 kWh x 24h x 31d x 0,27 EUR = 36 EUR / month ~ 46 USD / month power costs
2 x USB Miner: 5W -> 0,005 kWh x 24h x 31d x 0,27 EUR = 1 EUR / month ~ 1.28 USD / month power costs

Well, in my book there are no open questions...

initial cost(investment) is the most important factor
7970 cost 100 usd less, also 7970 isn't the best vga for mining

a right comparison is 2 usb versus 7950, so 200 usd less(both 600MH\s)
also electricity is subjective(mine is 0.13 euro)
so i can run for 8 months mining before i start losing in comparison
and last but not last a gpu can be resold, those things not so much


Title: Re: [Announcement] Block Erupter USB
Post by: CumpsD on May 21, 2013, 09:06:17 PM
https://www.elfa.se/elfa3~se_sv/elfa/init.do?item=25-200-35&toc=25065&q=usb+hub

5V power connector, no idea what connector it is, hard to see on the picture :/


Title: Re: [Announcement] Block Erupter USB
Post by: dnaleor on May 21, 2013, 09:07:32 PM
I'm also looking for a quality "industrial look" USB hub for some time... bought a d-link 7-port for my zTex and stripped the case, it's still working, can't say as much for the 60W power brick that powers the zTex cluster!

There are some but they are expensive as hell, and also they have weird power connectors:

http://sgcdn.startech.com/005329/media/products/gallery_large/ST7200USBM.Main.jpg

you just need to strip the cables and put the + (5? V) and the - (GND) in the right hole


Title: Re: [Announcement] Block Erupter USB
Post by: Henchman24 on May 21, 2013, 09:08:06 PM
https://www.elfa.se/elfa3~se_sv/elfa/init.do?item=25-200-35&toc=25065&q=usb+hub

Not that you asked ;) but the only possible downside I see is the port arrangement.

If you're buying it solely to run USB miners, the dimensions of the miner may prevent you from using all of the ports w/o the use of some USB extension cables.


Title: Re: [Announcement] Block Erupter USB
Post by: rupy on May 21, 2013, 09:08:57 PM
https://www.elfa.se/elfa3~se_sv/elfa/init.do?item=25-200-35&toc=25065&q=usb+hub

5V power connector, no idea what connector it is, hard to see on the picture :/

Only 4A, in the pdf. Should work for BE's... :( But not good for BE because:

Not that you asked ;) but the only possible downside I see is the port arrangement.

Yes, I'm going to run 5 zTex and only one BE USB... so if you want to fill this up with BE's it's a poor choice.

I'm just happy to have found something with a metal case at ~40 bucks!

I actually bought one of these too (just to see how it compares):

https://www.elfa.se/elfa3~se_sv/elfa/init.do?item=25-201-87&toc=25065&q=famid84582 (https://www.elfa.se/elfa3~se_sv/elfa/init.do?item=25-201-87&toc=25065&q=famid84582)

http://www.exsys.ch/images/ex-1166HMV.jpg

At only 20$ it can fit BE's spacewise, and run them if the power supply is the same (4A).

Edit: PSU is 2A... limit but should work... BTW, these are neat!

But this only makes sense if you get the BE's with the old "industrial" heatsinks! ;)

I'm purchased 20 of them.

I would buy the 1x7port and plug 5x4port of these into that... total price of metal hub glory: ~150$

But just imagine 5 of these stacked (laying down of course so you can quietly cool them passively) and filled with 6GH at 50W! Neat!

But why didn't you buy the blade? 10GH for 50BTC!


Title: Re: [Announcement] Block Erupter USB
Post by: CumpsD on May 21, 2013, 09:14:13 PM
Nice hubs here as well, scroll down for industrial ones: http://www.usbgear.com/USB-Hub.html


Title: Re: [Announcement] Block Erupter USB
Post by: rupy on May 21, 2013, 09:22:55 PM
Nice hubs here as well, scroll down for industrial ones: http://www.usbgear.com/USB-Hub.html

It's the same company that makes all of these metal hubs (exsys). There are others but they are super expensive (around 300$ per 4 port hub!?)...


Title: Re: [Announcement] Block Erupter USB
Post by: CumpsD on May 21, 2013, 09:24:41 PM
Nice hubs here as well, scroll down for industrial ones: http://www.usbgear.com/USB-Hub.html

It's the same company that makes all of these metal hubs (exsys). There are others but they are super expensive (around 300$ per 4 port hub!?)...

Ah, ok :) Just noticed usbgear is US only shipping too


Title: Re: [Announcement] Block Erupter USB
Post by: Amph on May 21, 2013, 09:44:25 PM
just buy a 10 usb port

$8 on amazon


Title: Re: [Announcement] Block Erupter USB
Post by: tvbcof on May 21, 2013, 09:47:50 PM
just buy a 10 usb port

$8 on amazon

Or just flush $8 down the toilet and save on shipping costs.

I looked at the various cheap hubs at Central Computer when I was in the Bay Area last week and the power supplies are not nearly sufficient to provide rated current to more than a few of the ports.  By my estimation.



Title: Re: [Announcement] Block Erupter USB
Post by: rupy on May 22, 2013, 09:52:12 AM
FYI: If you wan't to recursively both power the RPi with the hub and control the hub with your RPi at the same time just cut the red wire in the uplink cable.

Code:
-P +-------+
 | |       |
 | c       |
 | |       |
+-------+  |
|  hub  |  | < SOLUTION: Cut the red wire here!
+-------+  |
 | | | |   |
 p o o o   |
 |         |
 | +-----+ |
 +-| RPi |-+
   +-----+

o = other "power hungry" devices
P = PSU power
p = USB power
c = hub controller

For my part o = 1xBE USB and 2x50GH BFL, I hope the RPi will be able to run them!


Title: Re: [Announcement] Block Erupter USB
Post by: stepkrav on May 22, 2013, 11:02:22 AM
any clue about the software that can be used for mining? Preferably on linux.


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on May 22, 2013, 11:17:06 AM
any clue about the software that can be used for mining? Preferably on linux.
BFGMiner from git will work.


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 22, 2013, 11:35:25 AM
any clue about the software that can be used for mining? Preferably on linux.
BFGMiner from git will work.

and... how will it work? as in, settings, menu options? tiny hint?


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on May 22, 2013, 11:41:54 AM
There are lots of tutorials, for example https://bitcointalk.org/index.php?topic=121253.0


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 22, 2013, 11:45:26 AM
There are lots of tutorials, for example https://bitcointalk.org/index.php?topic=121253.0

i should have clarified: i'm on windows.

i'm quite nervous about all this cause i'm getting the first of these, besides the units the devs and such got, and i've never touched cgminer or such with any success. i've used guiminer for my amd/nvidia cards. (i know, nvidia bad.) i kinda feel like i'm wading into uncharted waters.


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on May 22, 2013, 11:55:21 AM
any clue about the software that can be used for mining? Preferably on linux.
BFGMiner from git will work.
and... how will it work? as in, settings, menu options? tiny hint?
Figure out what COM port Windows assigns it, then use:
Code:
bfgminer --scan-serial \\.\COM1 -o poolhostname:port -O user:pass
To build from git, it's probably a pain on Windows - check out the docs, though they might not be completely up to date.
If you can't get it to build once yours has arrived, ping me and I'll make a special build...


Title: Re: [Announcement] Block Erupter USB
Post by: DPoS on May 22, 2013, 11:57:09 AM
any clue about the software that can be used for mining? Preferably on linux.
BFGMiner from git will work.

and... how will it work? as in, settings, menu options? tiny hint?

I'm running that on a WinXP 32 bit with a ModMiner... As long as these things get a com port assigned by windows when you plug them in it should be fine

(not sure if I need to recompile or get another version, I'll look at that if it doesn't work as is)


PS - what Luke said!


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 22, 2013, 12:01:16 PM
oh. well ok then. well, i feel dumb. hopefully there aren't any issues.


Title: Re: [Announcement] Block Erupter USB
Post by: mdude77 on May 23, 2013, 12:31:19 AM
oh. well ok then. well, i feel dumb. hopefully there aren't any issues.

I'm a windows guy.  I intend to use cgminer.  I'll post my experience and tips if no one else has.

ps.  I'd install linux and use cgminer before I'd use bfgminer.  It's a matter of principle you see. 

And I can't stand linux.

M


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on May 23, 2013, 12:37:04 AM
oh. well ok then. well, i feel dumb. hopefully there aren't any issues.

I'm a windows guy.  I intend to use cgminer.  I'll post my experience and tips if no one else has.

ps.  I'd install linux and use cgminer before I'd use bfgminer.  It's a matter of principle you see.  

And I can't stand linux.

M
What principle is there in using cgminer over BFGMiner?
You prefer to only support trolls?


Title: Re: [Announcement] Block Erupter USB
Post by: kano on May 23, 2013, 02:18:08 AM
Heh funny, I guess I missed this thread when I posted about the cgminer code when I got the USB last week :P

I'll link back to it and repost here in the right thread :)
https://bitcointalk.org/index.php?topic=99497.msg2137231#msg2137231
A final update from yesterday on the USB Erupter performance.

17 hour run statistics on ozcoin using direct Stratum and
 --icarus-options 115200:1:1 --icarus-timing 3.0=80
(see further below for more optimal settings)

Code:
[SUMMARY] =>
(
   [0] => SUMMARY
   [Elapsed] => 61325
   [MHS av] => 334.00
   [Found Blocks] => 0
   [Getworks] => 2779
   [Accepted] => 4686
   [Rejected] => 5
   [Hardware Errors] => 44
   [Utility] => 4.58
   [Discarded] => 5433
   [Stale] => 4
   [Get Failures] => 2
   [Local Work] => 15895
   [Remote Failures] => 0
   [Network Blocks] => 115
   [Total MH] => 20482802.5584
   [Work Utility] => 4.64
   [Difficulty Accepted] => 4686.00000000
   [Difficulty Rejected] => 5.00000000
   [Difficulty Stale] => 4.00000000
   [Best Share] => 11913
)

So - less than 1% HW errors.
I'm not sure if the earlier higher figure yesterday was burn in or overnight being cooler - I'll see today - but certainly don't expect it to get over 1.5% (Ambient temperature for the last 24hours has been around 21C or less)

Accepted hash rate: Difficulty Accepted / Elapsed = 328MH/s

Work utility (4.64) = 332MH/s

So all in all performing ~10% above the expected 300MH/s

Based on those figures I'd suggest the cgminer options to get it to report a little closer to accurate MH/s:
 --icarus-options 115200:1:1 --icarus-timing 3.012=100

The actual timing for mine would be 3.012=128 but I'm not sure what sort of variance there will be with the final product.
The 3.012 number helps get the MH/s display correct but doesn't affect the device performance.
The =100 number determines how long it should hash (100 = 10.0seconds) before restarting work, so if it is too long, it will allow it to go idle and thus reduce performance.
However, being a bit low (in this case 100 is 22% below the expected figure of 128 for me) has a very minor ignorable effect but allows for a large 22% performance variance with devices.

Soon I'll be updating the cgminer Icarus driver to use USB direct (it's the last untouched cgminer serial-USB driver) so these will be HotPlug also soon.

Screen cap at the same time as the above numbers:
http://198.245.60.111/Pix/Erupter4.png

Edit: much later edit with a few updates:
Size: 24.5mm wide
Board alone is 45mm long
Board+USB plug is 59.5mm (of course the plug isn't removable)
Weight: 6g
Height; 6mm (the highest component)

Errors: between 1% and 1.5%
Hash rate: 336MH/s


Title: Re: [Announcement] Block Erupter USB
Post by: kano on May 23, 2013, 02:29:55 AM
And for a screen copy (almost 12 hours at 256 diff) using the newer Icarus direct USB HotPlug:
Code:
cgminer version 3.1.1o - Started: [2013-05-23 00:46:50]
--------------------------------------------------------------------------------
 (5s):6.608G (avg):6.533Gh/s | A:241  R:0  HW:34  U:0.3/m  WU:91.1/m
 ST: 2  SS: 1  NB: 61  LW: 72867  GF: 0  RF: 0
 Connected to au.ozco.in diff 256 with stratum as user
 Block: 005d1fb2a7b92966...  Diff:11.2M  Started: [12:16:53]  Best share: 17.8K
--------------------------------------------------------------------------------
 [P]ool management [S]ettings [D]isplay options [Q]uit
 AMU 0:                | 326.1M/335.6Mh/s | A: 11 R:0 HW:27 U: 0.02/m
 ICA 0:                | 379.5M/379.6Mh/s | A: 14 R:0 HW: 5 U: 0.02/m
 BLT 0:                | 398.5M/399.3Mh/s | A: 12 R:0 HW: 2 U: 0.02/m
 BAJ 0:  max 42C 3.45V | 5.513G/5.419Gh/s | A:204 R:0 HW: 0 U: 0.29/m
--------------------------------------------------------------------------------
This will be in the next cgminer version and has been in git for a while.
Note that the next cgminer automatically finds and sets the settings for any Icarus device
e.g. the correct options for the AMU (Asicminer USB) is --icarus-options 115200:1:1

If you think your device might be a little faster or slower, and your computer isn't going to take CPU away from cgminer (for the first hour it runs) then you can use --icarus-timing short to override the default timing and see what cgminer calculates it to be.


Title: Re: [Announcement] Block Erupter USB
Post by: klotzenhotz on May 23, 2013, 08:46:53 AM
2 x USB Miner vs. Radeon 7970, a simple power calculation for german users:

7970: let's give it 180W (GPU only) -> 0,18 kWh x 24h x 31d x 0,27 EUR = 36 EUR / month ~ 46 USD / month power costs
2 x USB Miner: 5W -> 0,005 kWh x 24h x 31d x 0,27 EUR = 1 EUR / month ~ 1.28 USD / month power costs

Well, in my book there are no open questions...

initial cost(investment) is the most important factor
7970 cost 100 usd less, also 7970 isn't the best vga for mining

a right comparison is 2 usb versus 7950, so 200 usd less(both 600MH\s)
also electricity is subjective(mine is 0.13 euro)
so i can run for 8 months mining before i start losing in comparison
and last but not last a gpu can be resold, those things not so much

Well, I see it in long-term. And so for instance, I would lose ~45 USD/month after 8 months (I just took your example) just for electricity. Or do you stop mining after you got your ROI? I don't think so.


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on May 23, 2013, 09:33:44 AM
You didnt calculate the difficulty increase. Given a current difficulty of ~11 million you earn 0.82 BTC per month. With 20 million you earn 0.46 BTC. With 30 million 0.31 BTC. Expect the difficulty to be 30 million in some months, so your profit after power costs is much lower with GPUs.


Title: Re: [Announcement] Block Erupter USB
Post by: klotzenhotz on May 23, 2013, 09:39:37 AM
That's exactly what I meant.

Edit: Giving the most weight to initial investment costs and not paying attention to power costs can only do people who live at "mommy's and daddy's" and don't have to pay for electricity ;) But that's maybe not the best way to calculate ;)


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 23, 2013, 08:16:41 PM
the first box of 200 has arrived. :D link to other post with pictures:

https://bitcointalk.org/index.php?topic=195052.msg2249127#msg2249127

also, uh... how do i get cgminer to check the usb ports? far as i can tell, it's got a com port assigned and the driver is properly installed (c210x uart) but cgminer doesn't seem to notice it's plugged in.


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on May 23, 2013, 08:18:29 PM
the first box of 200 has arrived. :D link to other post with pictures:

https://bitcointalk.org/index.php?topic=195052.msg2249127#msg2249127

also, uh... how do i get cgminer to check the usb ports? far as i can tell, it's got a com port assigned and the driver is properly installed (c210x uart) but cgminer doesn't seem to notice it's plugged in.
You can use BFGMiner with the standard driver. For now, you need the latest git, and you can use -S all

Edit: Here's a build of BFGMiner master (http://luke.dashjr.org/tmp/code/bfgminer-w32-8d37249.exe) for use with these.


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 23, 2013, 08:21:22 PM
the first box of 200 has arrived. :D link to other post with pictures:

https://bitcointalk.org/index.php?topic=195052.msg2249127#msg2249127

also, uh... how do i get cgminer to check the usb ports? far as i can tell, it's got a com port assigned and the driver is properly installed (c210x uart) but cgminer doesn't seem to notice it's plugged in.
You can use BFGMiner with the standard driver. For now, you need the latest git, and you can use -S all

i'll give it a shot. thanks.


Title: Re: [Announcement] Block Erupter USB
Post by: kano on May 23, 2013, 08:25:39 PM
the first box of 200 has arrived. :D link to other post with pictures:

https://bitcointalk.org/index.php?topic=195052.msg2249127#msg2249127

also, uh... how do i get cgminer to check the usb ports? far as i can tell, it's got a com port assigned and the driver is properly installed (c210x uart) but cgminer doesn't seem to notice it's plugged in.
If you use current cgminer (3.1.1) - you'll need to use:
 --icarus-option 115200:1:1
for timing if your computer is pretty stable
 --icarus-timing short this will show MH/s as whatever each one is
OR if not
 --icarus-timing 3.0=100 this will show MH/s as 333.3 (over time) even if it is a little different
and for the devices
 -S \\.\COM1 -S \\.\COM2 etc
or if you have linux
 -S /dev/ttyUSB1 -S /dev/ttyUSB2 etc

Edit: Which do you have? Windows or Linux?
I'm still testing the new Windows code (and need to resolve one problem I've found)
If you have Linux then the current git branch icarus-dev does all the new auto identification and hotplug of these


Title: Re: [Announcement] Block Erupter USB
Post by: Xian01 on May 23, 2013, 08:29:15 PM
-S /dev/ttyUSB1 -S /dev/ttyUSB2 etc

<pedant>

Will -S ALL work ?

</pedant>


Title: Re: [Announcement] Block Erupter USB
Post by: kano on May 23, 2013, 08:32:13 PM
-S /dev/ttyUSB1 -S /dev/ttyUSB2 etc

<pedant>

Will -S ALL work ?

</pedant>
Well there is the -S auto that Luke-Jr wrote in cgminer long ago but it didn't work at all in windows and was unreliable in linux according to his documentation comment (which is still there in 3.1.1)
you can try it in linux and see if it works I guess?

See my comment above about current git if you have linux.


Title: Re: [Announcement] Block Erupter USB
Post by: Xian01 on May 23, 2013, 08:36:22 PM
Well there is the -S auto that Luke-Jr wrote in cgminer long ago but it didn't work at all in windows and was unreliable in linux according to his documentation comment (which is still there in 3.1.1)

 Would rather not touch any code Luke-Jr writes with a 10-foot pole. I'm sure you and arklan will work things out ;) Really excited to see these have arrived on this continent. Slick-looking packaging ! Running Windoze in my farm, FWIW.


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 23, 2013, 08:37:54 PM
the first box of 200 has arrived. :D link to other post with pictures:

https://bitcointalk.org/index.php?topic=195052.msg2249127#msg2249127

also, uh... how do i get cgminer to check the usb ports? far as i can tell, it's got a com port assigned and the driver is properly installed (c210x uart) but cgminer doesn't seem to notice it's plugged in.
If you use current cgminer (3.1.1) - you'll need to use:
 --icarus-option 115200:1:1
for timing if your computer is pretty stable
 --icarus-timing short this will show MH/s as whatever each one is
OR if not
 --icarus-timing 3.0=100 this will show MH/s as 333.3 (over time) even if it is a little different
and for the devices
 -S \\.\COM1 -S \\.\COM2 etc
or if you have linux
 -S /dev/ttyUSB1 -S /dev/ttyUSB2 etc

Edit: Which do you have? Windows or Linux?
I'm still testing the new Windows code (and need to resolve one problem I've found)
If you have Linux then the current git branch icarus-dev does all the new auto identification and hotplug of these

using windows 7.

tried the "and for the devices
 -S \\.\COM1 -S \\.\COM2 etc" part. \\.\COM3 (in this case) isn't recognized as a number. tried just entering 3 and 03, no change.


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on May 23, 2013, 08:47:35 PM
Well there is the -S auto that Luke-Jr wrote in cgminer long ago but it didn't work at all in windows and was unreliable in linux according to his documentation comment (which is still there in 3.1.1)

 Would rather not touch any code Luke-Jr writes with a 10-foot pole. I'm sure you and arklan will work things out ;) Really excited to see these have arrived on this continent. Slick-looking packaging ! Running Windoze in my farm, FWIW.
Guess you're stuck using MPBM if you want to take your trolling here seriously.


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 23, 2013, 08:49:36 PM
Well there is the -S auto that Luke-Jr wrote in cgminer long ago but it didn't work at all in windows and was unreliable in linux according to his documentation comment (which is still there in 3.1.1)

 Would rather not touch any code Luke-Jr writes with a 10-foot pole. I'm sure you and arklan will work things out ;) Really excited to see these have arrived on this continent. Slick-looking packaging ! Running Windoze in my farm, FWIW.
Guess you're stuck using MPBM if you want to take your trolling here seriously.

personally i'll use whatever works!

which so far is nothing... that bfgminer exe you gave me crashes on launch.


Title: Re: [Announcement] Block Erupter USB
Post by: Xian01 on May 23, 2013, 08:49:43 PM
Guess you're stuck using MPBM if you want to take your trolling here seriously.

 Would rather do that than take you seriously.


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on May 23, 2013, 08:53:20 PM
that bfgminer exe you gave me crashes on launch.
Odd... What does it print if you run with -S all -D -T -d?   ?


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 23, 2013, 08:55:05 PM
that bfgminer exe you gave me crashes on launch.
Odd... What does it print if you run with -S all -D -T -d?   ?

same thing. "application was unable to start correctly" and a memory address.


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on May 23, 2013, 08:59:12 PM
that bfgminer exe you gave me crashes on launch.
Odd... What does it print if you run with -S all -D -T -d?   ?

same thing. "application was unable to start correctly" and a memory address.
Nothing in the console at all? :/

Maybe we should meet up on IRC?


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 23, 2013, 09:01:37 PM
that bfgminer exe you gave me crashes on launch.
Odd... What does it print if you run with -S all -D -T -d?   ?

same thing. "application was unable to start correctly" and a memory address.
Nothing in the console at all? :/

Maybe we should meet up on IRC?

lemme install mirc real quick and i'll be in the #bitcoin channel shortly.


Title: Re: [Announcement] Block Erupter USB
Post by: Unacceptable on May 23, 2013, 09:04:44 PM
For my BFL FPGA I had to find which COM port my unit was using,in my case #3.Go to device manger & look in USB devices,click that device to find COM port #.

Since I installed libwidi driver & 3.1.0 cgminer,the COM port dosen't seem to show now & no longer have to use -S  8)

Hope that helps  ;)


Title: Re: [Announcement] Block Erupter USB
Post by: Xian01 on May 23, 2013, 09:06:33 PM
For my BFL FPGA I had to find which COM port my unit was using,in my case #3.Go to device manger & look in USB devices,click that device to find COM port #.

 Strange :| My BFL FPGA is instantly recognized when launching CGMiner under Windows :( YMMV I guess :(


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 23, 2013, 09:06:56 PM
For my BFL FPGA I had to find which COM port my unit was using,in my case #3.Go to device manger & look in USB devices,click that device to find COM port #.

Since I installed libwidi driver & 3.1.0 cgminer,the COM port dosen't seem to show now & no longer have to use -S  8)

Hope that helps  ;)

i'm using 3.1.1, i think... what's this libwidi driver? can use on win7?


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on May 23, 2013, 09:09:56 PM
For my BFL FPGA I had to find which COM port my unit was using,in my case #3.Go to device manger & look in USB devices,click that device to find COM port #.

Since I installed libwidi driver & 3.1.0 cgminer,the COM port dosen't seem to show now & no longer have to use -S  8)

Hope that helps  ;)

i'm using 3.1.1, i think... what's this libwidi driver? can use on win7?
It's a non-standard driver. You'll break compatibility with all standard software if you install it.
I hear undoing it is a pain.


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 23, 2013, 09:11:25 PM
For my BFL FPGA I had to find which COM port my unit was using,in my case #3.Go to device manger & look in USB devices,click that device to find COM port #.

Since I installed libwidi driver & 3.1.0 cgminer,the COM port dosen't seem to show now & no longer have to use -S  8)

Hope that helps  ;)

i'm using 3.1.1, i think... what's this libwidi driver? can use on win7?
It's a non-standard driver. You'll break compatibility with all standard software if you install it.
I hear undoing it is a pain.

...that sounds less then pleasant. i'm on #bitcoin  on irc, btw. freenode i think.


Title: Re: [Announcement] Block Erupter USB
Post by: wrenchmonkey on May 23, 2013, 09:23:02 PM
Guess you're stuck using MPBM if you want to take your trolling here seriously.

 Would rather do that than take you seriously.

True story. Xian01 takes his trolling VERY seriously. To the point that he's earned himself a lifetime ban from purchasing products from certain manufacturers.  :D


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 23, 2013, 09:30:49 PM
ok, i've got mining working now. luke-jr helped me out on IRC.


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on May 23, 2013, 09:34:28 PM
Edit: Here's a build of BFGMiner master (http://luke.dashjr.org/tmp/code/bfgminer-w32-8d37249.exe) for use with these.
Note that's a 32-bit build.
Here's a 64-bit one. (http://luke.dashjr.org/tmp/code/bfgminer-w64-8d37249.exe)


Title: Re: [Announcement] Block Erupter USB
Post by: tvbcof on May 23, 2013, 09:40:59 PM
ok, i've got mining working now. luke-jr helped me out on IRC.

luke-jr:1  kano:0

Now that it's mining away I guess you can get to work stuffing those package, yes?  Or go you need to see how many will mine on your USB stick :)



Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 23, 2013, 09:43:26 PM
Edit: Here's a build of BFGMiner master (http://luke.dashjr.org/tmp/code/bfgminer-w32-8d37249.exe) for use with these.
Note that's a 32-bit build.
Here's a 64-bit one. (http://luke.dashjr.org/tmp/code/bfgminer-w64-8d37249.exe)

which doesn't crash on my 64 bit win7. heh.

ok, i've got mining working now. luke-jr helped me out on IRC.

luke-jr:1  kano:0

Now that it's mining away I guess you can get to work stuffing those package, yes?  Or go you need to see how many will mine on your USB stick :)



they're pre-packed (as you see in my pics) in boxes of ten, so it'll be a lot easier then i thought. yea, i'll get started.


Title: Re: [Announcement] Block Erupter USB
Post by: Xian01 on May 23, 2013, 09:44:12 PM
ok, i've got mining working now. luke-jr helped me out on IRC.
luke-jr:1  kano:0

 Dare I say it ?

<announcer-voice> "FATALITY ! Luke-Jr Wins" </announcer-voice>

(This is a lot more funny if you know me IRL)

Luke, I don't like you, but thanks for helping.


Title: Re: [Announcement] Block Erupter USB
Post by: ThickAsThieves on May 23, 2013, 09:47:45 PM
Luke, I don't like you, but thanks for helping.

LOL, geez...


Title: Re: [Announcement] Block Erupter USB
Post by: Xian01 on May 23, 2013, 09:56:21 PM
Luke, I don't like you, but thanks for helping.
LOL, geez...

BTW, reinvested all my ASICMINER-PT dividends into TAT.ASICMINER ;)


Title: Re: [Announcement] Block Erupter USB
Post by: ThickAsThieves on May 23, 2013, 09:57:01 PM
Luke, I don't like you, but thanks for helping.
LOL, geez...

BTW, reinvested all my ASICMINER-PT dividends into TAT.ASICMINER ;)

(hugs)


Title: Re: [Announcement] Block Erupter USB
Post by: kano on May 23, 2013, 10:05:09 PM
Edit: Here's a build of BFGMiner master (http://luke.dashjr.org/tmp/code/bfgminer-w32-8d37249.exe) for use with these.
Note that's a 32-bit build.
Here's a 64-bit one. (http://luke.dashjr.org/tmp/code/bfgminer-w64-8d37249.exe)

which doesn't crash on my 64 bit win7. heh.

ok, i've got mining working now. luke-jr helped me out on IRC.

luke-jr:1  kano:0

Now that it's mining away I guess you can get to work stuffing those package, yes?  Or go you need to see how many will mine on your USB stick :)



they're pre-packed (as you see in my pics) in boxes of ten, so it'll be a lot easier then i thought. yea, i'll get started.
Sorry, was busy getting my kids ready for school :)

I'd guess the COM numbers didn't match your devices?
You can also use just -S COM1 etc for numbers less than 10
You'll need to look in the device manager for the correct numbers
Yeah the old serial-USB design was rather annoying
(lack of proper working auto on linux or at all on windows and no hotplug)
I'm glad to be rid of it.

Anyway, no big deal, as I said the next version of cgminer will auto detect everything and hotplug (hotplug all but ztex ... and GPUs :D)
It also tells you what the devices all are ... the full list: AMU, GPU, ICA, BLT, LLT, AVA, CMR, BAJ, BAL, BAS, BAM, BFL, MMQ, ZTX
AMU is of course Asicminer USB (BEU sounds weird :P)
Just gotta sort out some hotplug issues on windows that I've been working on.


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 23, 2013, 10:06:18 PM
i'll give it a try when the new codes out. thanks all.


Title: Re: [Announcement] Block Erupter USB
Post by: HTML5 Gordon on May 23, 2013, 10:46:46 PM
ok, i've got mining working now. luke-jr helped me out on IRC.

Awesome, congrats!  What hash rates are you seeing?


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 23, 2013, 10:49:29 PM
right in line with what kano saw. bout 330 each.


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on May 23, 2013, 10:52:09 PM
Here's the build arklan ended up using: Win64 (http://luke.dashjr.org/tmp/code/bfgminer-w64-70d3e79.exe) | Win32 (http://luke.dashjr.org/tmp/code/bfgminer-w32-70d3e79.exe)


Title: Re: [Announcement] Block Erupter USB
Post by: Unacceptable on May 23, 2013, 11:04:51 PM
For my BFL FPGA I had to find which COM port my unit was using,in my case #3.Go to device manger & look in USB devices,click that device to find COM port #.

Since I installed libwidi driver & 3.1.0 cgminer,the COM port dosen't seem to show now & no longer have to use -S  8)

Hope that helps  ;)

i'm using 3.1.1, i think... what's this libwidi driver? can use on win7?
It's a non-standard driver. You'll break compatibility with all standard software if you install it.
I hear undoing it is a pain.

Really?? Not sure what you mean,software ??

Yeah,Win7 64 bit.

Oh well,my BFL FPGA seems to work with it,I'll find out if my BFL ASIC works with......someday  ::)

Probably will find out sooner when my Avalon chips arrive & I assemble boards  :D

I can always do an OS reinstall in about an hour or 2,so no problem for me  ;)


Title: Re: [Announcement] Block Erupter USB
Post by: Unacceptable on May 23, 2013, 11:11:29 PM
For my BFL FPGA I had to find which COM port my unit was using,in my case #3.Go to device manger & look in USB devices,click that device to find COM port #.

 Strange :| My BFL FPGA is instantly recognized when launching CGMiner under Windows :( YMMV I guess :(

Yeah,I was using an older version of CGminer then.Had to manually find the port,it was easy though  ;)

The newer version,back about 2 months ago was said to need the weird driver,so................it works,all I care  :D


Title: Re: [Announcement] Block Erupter USB
Post by: tvbcof on May 23, 2013, 11:12:06 PM
right in line with what kano saw. bout 330 each.

You running with or without the heatsink (for enough time for things to stabilize)?

What are the temps you are feeling (if you've touched part of the device)?



Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 23, 2013, 11:19:42 PM
With heat sink. By themselves, touching the heat sink if burning hot. I put them near a fan,  and no problems. I do not have a temp sensor,  but only warm to the touch in the moving air.


Title: Re: [Announcement] Block Erupter USB
Post by: DPoS on May 23, 2013, 11:49:11 PM
Here's the build arklan ended up using: Win64 (http://luke.dashjr.org/tmp/code/bfgminer-w64-70d3e79.exe) | Win32 (http://luke.dashjr.org/tmp/code/bfgminer-w32-70d3e79.exe)

good to see this! will be easy to pair up with my ModMiner rig


Arklan, if you get to try out your hub that will help a lot of people from guessing on that too


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 23, 2013, 11:52:03 PM
Here's the build arklan ended up using: Win64 (http://luke.dashjr.org/tmp/code/bfgminer-w64-70d3e79.exe) | Win32 (http://luke.dashjr.org/tmp/code/bfgminer-w32-70d3e79.exe)

good to see this! will be easy to pair up with my ModMiner rig


Arklan, if you get to try out your hub that will help a lot of people from guessing on that too

The 12 port sitechi handles 3... I haven't  gotten the anker yet. Should be here soon.


Title: Re: [Announcement] Block Erupter USB
Post by: kano on May 24, 2013, 12:05:21 AM
For my BFL FPGA I had to find which COM port my unit was using,in my case #3.Go to device manger & look in USB devices,click that device to find COM port #.

Since I installed libwidi driver & 3.1.0 cgminer,the COM port dosen't seem to show now & no longer have to use -S  8)

Hope that helps  ;)

i'm using 3.1.1, i think... what's this libwidi driver? can use on win7?
It's a non-standard driver. You'll break compatibility with all standard software if you install it.
I hear undoing it is a pain.
The WinUSB driver is simply a replacement driver that allows USB access to the device instead of blocking it.

This works with the standard mining software called cgminer.

This doesn't work with the rarely used non-standard cgminer clone.

Undoing it is simple but unnecessary.


Title: Re: [Announcement] Block Erupter USB
Post by: NR3000 on May 24, 2013, 06:50:33 AM
Any ideas how to run in mac? Thanks.


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on May 24, 2013, 07:43:36 AM
Any ideas how to run in mac? Thanks.
BFGMiner can be compiled for Mac if you disable GPU mining, at least.
I think it's part of Homebrew now.


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on May 24, 2013, 07:50:35 AM
For Linux (Raspberry Pi, Sheevaplug, Guruplug and so on) I tested it here https://bitcointalk.org/index.php?topic=195037.msg2253534#msg2253534


Title: Re: [Announcement] Block Erupter USB
Post by: GreatBug on May 24, 2013, 11:31:57 AM
Has BitMinter's Java client been tested yet?

While I mine using bfgminer, BitMinter's pretty graphics and 'click on the button to start mining on any OS' ease would be great as an intro to mining for first timers with a USB erupter.


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on May 24, 2013, 11:39:27 AM
Why would you ran a full blown computer with this? If your electricity bill doesn't matter, you better get a GPU and mine with it. IMHO these devices only make sense with embedded devices like Routers or Sheevaplug/Guruplug/Raspberry Pi/Beagleboard/whatever


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on May 24, 2013, 12:01:39 PM
Get a GPU then, my 7950 was 230€ and does 550 MH/s


Title: Re: [Announcement] Block Erupter USB
Post by: bigbeninlondon on May 24, 2013, 12:47:37 PM
Get a GPU then, my 7950 was 230€ and does 550 MH/s

And once you fill up all of your PCIe slots, add a couple of Erupters. :)


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on May 24, 2013, 02:08:10 PM
Ebay old computer, get new one for 300€, still better.

Windows is closed source. The windows driver for those devices is closed source. To use PI you only have to plug USB it in and forget it, just get BTC.


Title: Re: [Announcement] Block Erupter USB
Post by: Anonymailer on May 24, 2013, 07:08:29 PM
Any ideas how to run in mac? Thanks.
BFGMiner can be compiled for Mac if you disable GPU mining, at least.
I think it's part of Homebrew now.
Do you mean without CPU mining? I compiled a very custom linked version today and it didn't compile with CPU mining but everything else (that's supported on Mac) worked fine. Which driver does the block erupter use?


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on May 24, 2013, 08:07:46 PM
Any ideas how to run in mac? Thanks.
BFGMiner can be compiled for Mac if you disable GPU mining, at least.
I think it's part of Homebrew now.
Do you mean without CPU mining? I compiled a very custom linked version today and it didn't compile with CPU mining but everything else (that's supported on Mac) worked fine. Which driver does the block erupter use?
CPU mining is disabled by default. I wasn't sure what the state of GPU mining was.
Block Erupter uses the Icarus driver, but you need the latest git for it to autodetect the configuration properly.


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on May 25, 2013, 01:52:01 AM
I'm sorry, I thought you want a windows solution?


Title: Re: [Announcement] Block Erupter USB
Post by: rethaw on May 25, 2013, 03:51:23 AM
Mind testing out MPBM?


Title: Re: [Announcement] Block Erupter USB
Post by: LogicalUnit on May 26, 2013, 08:19:18 AM
Hello, I'm a newbie and I have a question: which of cgminer and bfgminer is better to use with Block Erupter USB?

Thanks


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on May 26, 2013, 08:29:28 AM
Hello, I'm a newbie and I have a question: which of cgminer and bfgminer is better to use with Block Erupter USB?
BFGMiner is much better in general - it supports nearly everything cgminer does, plus more bugfixes and enhancements. :)


Title: Re: [Announcement] Block Erupter USB
Post by: kano on May 26, 2013, 08:58:22 AM
Hello, I'm a newbie and I have a question: which of cgminer and bfgminer is better to use with Block Erupter USB?

Thanks
Currently cgminer 3.1.1 supports the Block Erupter USB perfectly with the options:
 --icarus-options 115200:1:1 --icarus-timing 3.0=100
You also need to specify the USB device with a -S COM1 or a -S /dev/ttyUSB1
(and set the number 1 with the correct value)

Please be wary of other software where they don't tell you these required options or don't have a release that works with it yet.

The next release of cgminer will automatically handle it without any options required and it will also handle you being able to just plug it in while cgminer is already running.
You can also start cgminer with no devices and then plug it in and it will start mining with it.

cgminer, the original USB miner and the best.


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on May 26, 2013, 09:04:44 AM
Please be wary of other software where they don't tell you these required options or don't have a release that works with it yet.
BFGMiner doesn't require those options, just -S all (or specify the specific COM port).
The only reason there isn't a BFGMiner 3.1.0 release yet is actually because of a cgminer screwup that you probably don't even know exists.

The next release of cgminer will automatically handle it without any options required and it will also handle you being able to just plug it in while cgminer is already running.
You can also start cgminer with no devices and then plug it in and it will start mining with it.
But all this.. only if you manually install a non-standard driver for it.

cgminer, the original USB miner and the best.
More outright lies. No surprise coming from Kano.


Title: Re: [Announcement] Block Erupter USB
Post by: CumpsD on May 26, 2013, 09:26:04 AM
Children, don't you ever get tired?


Title: Re: [Announcement] Block Erupter USB
Post by: kano on May 26, 2013, 09:28:17 AM
Children, don't you ever get tired?
I guess he doesn't, I only replied to LogicalUnit who asked the question :P
(and in my case explained cgminer usage and versions as I'm sure would be helpful to LogicalUnit)


Title: Re: [Announcement] Block Erupter USB
Post by: LogicalUnit on May 26, 2013, 12:12:51 PM
Thank you for the replies. I guess there are mixed opinions on the topic. The reason I ask is that I will be using PeonMiner on my Raspberry Pi, which includes both cgminer and bfgminer. Now that I know both miners support the new Block Erupter hardware, I'll just have to try both -- but the plug-n-play feature of cgminer makes it very attractive. :)


Title: Re: [Announcement] Block Erupter USB
Post by: aahzmundus on May 26, 2013, 12:35:20 PM
I believe MinePeon defaults to cgminer, if I am not mistaken...


Title: Re: [Announcement] Block Erupter USB
Post by: dodegkr on May 26, 2013, 06:27:55 PM
it does default to cgminer.
i tried bfgminer on day 2 of mining with 21% rejects on some cm1's, cgminer so far 0%



Title: Re: [Announcement] Block Erupter USB
Post by: mc_lovin on May 27, 2013, 05:45:56 PM
Please be wary of other software where they don't tell you these required options or don't have a release that works with it yet.
BFGMiner doesn't require those options, just -S all (or specify the specific COM port).
The only reason there isn't a BFGMiner 3.1.0 release yet is actually because of a cgminer screwup that you probably don't even know exists.

The next release of cgminer will automatically handle it without any options required and it will also handle you being able to just plug it in while cgminer is already running.
You can also start cgminer with no devices and then plug it in and it will start mining with it.
But all this.. only if you manually install a non-standard driver for it.

cgminer, the original USB miner and the best.
More outright lies. No surprise coming from Kano.

You make it sound like BFGMiner is some sort of original product?  Didn't you just fork his code and then now you are bashing the original devs? 


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on May 27, 2013, 05:53:01 PM
You make it sound like BFGMiner is some sort of original product?  Didn't you just fork his code and then now you are bashing the original devs?
BFGMiner is based on cgminer-the-GPU-miner which is based on cpuminer.
Present day cgminer is a fork of BFGMiner, created by trolls for trolling.


Title: Re: [Announcement] Block Erupter USB
Post by: af_newbie on May 27, 2013, 06:06:45 PM
Question to Kano (or any other member that actually have Erupter(s)),

Can you measure the thickness of the board+sink?

Also, how wide is the board?  If you can, can you measure how much current it is pulling from the USB port?

You running it off 2.0 or 3.0 port?


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on May 27, 2013, 06:41:05 PM
Can you measure the thickness of the board+sink?

Also, how wide is the board?
________________MeasurementTonalImperialSI
Thickness: 9 Mˢ0.23in6mm
Width: 29 Mˢ1in25mm
Length: 68 Mˢ2.4in60mm
Length protruding from USB port: 5 Mˢ2.1in53mm
Length of PCB: 4 Mˢ1.8in45mm

You running it off 2.0 or 3.0 port?
The device negotiates as USB 1.1, plugged into my USB 2.0 hub.


Title: Re: [Announcement] Block Erupter USB
Post by: Xian01 on May 27, 2013, 06:50:02 PM
Without an adapter, you cannot plug USB 1.1/2.0 devices into USB 3.0 ports.

LOLWUT ?!


Title: Re: [Announcement] Block Erupter USB
Post by: Rampion on May 27, 2013, 06:54:45 PM
You running it off 2.0 or 3.0 port?
The device negotiates as USB 1.1, plugged into my USB 2.0 hub.
Without an adapter, you cannot plug USB 1.1/2.0 devices into USB 3.0 ports.

Excuse me????


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on May 27, 2013, 06:57:01 PM
You running it off 2.0 or 3.0 port?
The device negotiates as USB 1.1, plugged into my USB 2.0 hub.
Without an adapter, you cannot plug USB 1.1/2.0 devices into USB 3.0 ports.

Excuse me????
Yeah, nevermind that... I was looking at some other kind of port the whole time.
My USB 3.0 ports are occupied by keyboard/mouse so I didn't see them >_<
Now I'm curious what these other ports are :o

Edit: Apparently my motherboard has 2 eSATA ports I wasn't aware of :D


Title: Re: [Announcement] Block Erupter USB
Post by: HTML5 Gordon on May 27, 2013, 06:57:29 PM
Without an adapter, you cannot plug USB 1.1/2.0 devices into USB 3.0 ports.

LOLWUT ?!

Looks like I've been doing this wrong all this time!  I better go an disconnect all my USB 2.0 devices that are plugged into USB 3.0 ports!   :o

Edit:  just saw Luke's post while I was responding.  No harm, no foul.  ;)


Title: Re: [Announcement] Block Erupter USB
Post by: SilentSonicBoom on May 27, 2013, 07:03:23 PM
Are these dimensions of the sample USB emerald version or the final sapphire version? Thank you.

Can you measure the thickness of the board+sink?

Also, how wide is the board?
________________MeasurementTonalImperialSI
Thickness: 9 Mˢ0.23in6mm
Width: 29 Mˢ1in25mm
Length: 68 Mˢ2.4in60mm
Length protruding from USB port: 5 Mˢ2.1in53mm
Length of PCB: 4 Mˢ1.8in45mm

You running it off 2.0 or 3.0 port?
The device negotiates as USB 1.1, plugged into my USB 2.0 hub.



Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on May 27, 2013, 07:06:09 PM
________________MeasurementTonalImperialSI
Thickness: 9 Mˢ0.23in6mm
Width: 29 Mˢ1in25mm
Length: 68 Mˢ2.4in60mm
Length protruding from USB port: 5 Mˢ2.1in53mm
Length of PCB: 4 Mˢ1.8in45mm
Are these dimensions of the sample USB emerald version or the final sapphire version? Thank you.
Emerald. My Sapphire isn't here yet.


Title: Re: [Announcement] Block Erupter USB
Post by: af_newbie on May 27, 2013, 07:09:07 PM
Can you measure the thickness of the board+sink?

Also, how wide is the board?
________________MeasurementTonalImperialSI
Thickness: 9 Mˢ0.23in6mm
Width: 29 Mˢ1in25mm
Length: 68 Mˢ2.4in60mm
Length protruding from USB port: 5 Mˢ2.1in53mm
Length of PCB: 4 Mˢ1.8in45mm

You running it off 2.0 or 3.0 port?
The device negotiates as USB 1.1, plugged into my USB 2.0 hub.


Thanks Luke.  1/4" that is slim!!!
They should fit into power bar hubs and leave some gap for air flow, right?

Can you measure the current draw?  It is ok to put one in the 2.0 hub, but 10 might be too much for most 2.0 hubs as they usually don't deliver more than 20W (4A@5V) from their power supplies.



Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on May 27, 2013, 07:35:58 PM
1/4" that is slim!!!
They should fit into power bar hubs and leave some gap for air flow, right?
I'm not sure how much thickness the heatsink adds, however.

Can you measure the current draw?  It is ok to put one in the 2.0 hub, but 10 might be too much for most 2.0 hubs as they usually don't deliver more than 20W (4A@5V) from their power supplies.
It reports 100mA to the USB interface, but I'm sure it's really closer to the 560mA friedcat announced.
I don't have any easy way to measure actual current use.


Title: Re: [Announcement] Block Erupter USB
Post by: af_newbie on May 27, 2013, 07:37:46 PM
1/4" that is slim!!!
They should fit into power bar hubs and leave some gap for air flow, right?
I'm not sure how much thickness the heatsink adds, however.

Can you measure the current draw?  It is ok to put one in the 2.0 hub, but 10 might be too much for most 2.0 hubs as they usually don't deliver more than 20W (4A@5V) from their power supplies.
It reports 100mA to the USB interface, but I'm sure it's really closer to the 560mA friedcat announced.
I don't have any easy way to measure actual current use.

Thanks Luke.


Title: Re: [Announcement] Block Erupter USB
Post by: wizkid057 on May 27, 2013, 08:12:26 PM
I don't have any easy way to measure actual current use.

Grab a cheap USB extension cable (male and female ends), and a cheap multi-meter with mA measuring capability.  Slice the sheath of the extension cable somewhere in the middle, but don't break any wires.  Get the wires nice and separate, then cut the red wire.  Strip both new ends, and put one to each lead of your multi-meter in mA mode. (You can safely hold the exposed wires... its only 5V  ;) )

Fire it all up, and look at the reading. :)

-wk


Title: Re: [Announcement] Block Erupter USB
Post by: CumpsD on May 27, 2013, 08:16:00 PM
I don't have any easy way to measure actual current use.

Grab a cheap USB extension cable (male and female ends), and a cheap multi-meter with mA measuring capability.  Slice the sheath of the extension cable somewhere in the middle, but don't break any wires.  Get the wires nice and separate, then cut the red wire.  Strip both new ends, and put one to each lead of your multi-meter in mA mode. (You can safely hold the exposed wires... its only 5V  ;) )

Fire it all up, and look at the reading. :)

-wk

Don't break any wires is good advice, I wasted an USB cable :p


Title: Re: [Announcement] Block Erupter USB
Post by: Rant2112 on May 27, 2013, 09:53:15 PM
For people like me who leave their mining host computer on all the time anyway it might be more useful to measure at the wall with a Kill A Watt - with the miner mining and the miner unplugged.

If you don't leave the host computer on all of the time then you would possibly want to measure the whole setup.

It depends on what you are trying to measure but I suspect one of the two methods in this post is probably what you are looking for.  8)


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 27, 2013, 11:20:17 PM
regarding the heatsink: it's flat, less then a 8th of an inch. i'vegot mine (sapphires) plugged in to an anker 10 port hub and there's plenty of space between them. http://www.amazon.com/Anker%C2%AE-Uspeed-10-Port-Adapter-Chipset/dp/B005NGQWL2


Title: Re: [Announcement] Block Erupter USB
Post by: daemondazz on May 27, 2013, 11:37:48 PM
For people like me who leave their mining host computer on all the time anyway it might be more useful to measure at the wall with a Kill A Watt - with the miner mining and the miner unplugged.

I'd suggest the current draw of the USB device is below the Kill-A-Watt meters accuracy level - you'd need to plug in a whole bunch of then (10 or 20) and then average it out - and even then you're measuring at 120v or 230v, so you need to account for power supply efficency, etc, as well.

The multimeter method will give you the exact current draw.


Title: Re: [Announcement] Block Erupter USB
Post by: kano on May 27, 2013, 11:55:30 PM
Question to Kano (or any other member that actually have Erupter(s)),

Can you measure the thickness of the board+sink?

Also, how wide is the board?  If you can, can you measure how much current it is pulling from the USB port?

You running it off 2.0 or 3.0 port?

Yeah I posted the dimensions back on the 19th in the original asicminer thread :)
https://bitcointalk.org/index.php?topic=99497.msg2137231#msg2137231

And here on the 23rd:
https://bitcointalk.org/index.php?topic=195004.msg2241307#msg2241307

Quote
Edit: much later edit with a few updates:
Size: 24.5mm wide
Board alone is 45mm long
Board+USB plug is 59.5mm (of course the plug isn't removable)
Weight: 6g
Height; 6mm (the highest component)

Errors: between 1% and 1.5%
Hash rate: 336MH/s

But yes that's without a heat sink. emerald


Title: Re: [Announcement] Block Erupter USB
Post by: kano on May 27, 2013, 11:58:59 PM
You make it sound like BFGMiner is some sort of original product?  Didn't you just fork his code and then now you are bashing the original devs?
BFGMiner is based on cgminer-the-GPU-miner which is based on cpuminer.
Present day cgminer is a fork of BFGMiner, created by trolls for trolling.

Yes as usual lying about it - and the usual proof he is lying using his own words:
https://github.com/luke-jr/bfgminer/commit/b9df56511c7bd1a2e1f075e9c184c1a4b0f1ba20
2012-04-26 Fork as BFGMiner
Where he renamed all the words from cgminer to brickminer and changed the donation address by removing ckolivas who wrote most of the code and replacing it with himself.


Title: Re: [Announcement] Block Erupter USB
Post by: af_newbie on May 28, 2013, 02:43:15 AM
Question to Kano (or any other member that actually have Erupter(s)),

Can you measure the thickness of the board+sink?

Also, how wide is the board?  If you can, can you measure how much current it is pulling from the USB port?

You running it off 2.0 or 3.0 port?

Yeah I posted the dimensions back on the 19th in the original asicminer thread :)
https://bitcointalk.org/index.php?topic=99497.msg2137231#msg2137231

And here on the 23rd:
https://bitcointalk.org/index.php?topic=195004.msg2241307#msg2241307

Quote
Edit: much later edit with a few updates:
Size: 24.5mm wide
Board alone is 45mm long
Board+USB plug is 59.5mm (of course the plug isn't removable)
Weight: 6g
Height; 6mm (the highest component)

Errors: between 1% and 1.5%
Hash rate: 336MH/s

But yes that's without a heat sink. emerald

Thanks Kano.  

You wouldn't happen to have ammeter and spare usb extension cable to measure current to device while mining?
Just curious if I can use 2.0 USB hub (5V & 4A) to run 10 of these.  Looks like 8 is max.  

Specs say 500mA (or 560mA) but the real world measurement might be different.



Title: Re: [Announcement] Block Erupter USB
Post by: kano on May 28, 2013, 03:26:32 AM
...
Thanks Kano.  

You wouldn't happen to have ammeter and spare usb extension cable to measure current to device while mining?
Just curious if I can use 2.0 USB hub (5V & 4A) to run 10 of these.  Looks like 8 is max.  

Specs say 500mA (or 560mA) but the real world measurement might be different.

Sorry I don't have either.
I have a very old ammeter in a box somewhere that I wouldn't trust to be accurate.
As for USB cables, that would require a USB extension cable to slice up - which I don't have any spare of these either at the moment.

However, if I did, I'd expect the results would not be reliable for deciding about the sapphire hardware.
The emerald and sapphire are slightly different power usage as far as I understand.

I think there are people who have a few sapphire already, so hopefully one of them might see your question.


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 28, 2013, 04:27:49 AM
...
Thanks Kano.  

You wouldn't happen to have ammeter and spare usb extension cable to measure current to device while mining?
Just curious if I can use 2.0 USB hub (5V & 4A) to run 10 of these.  Looks like 8 is max.  

Specs say 500mA (or 560mA) but the real world measurement might be different.

Sorry I don't have either.
I have a very old ammeter in a box somewhere that I wouldn't trust to be accurate.
As for USB cables, that would require a USB extension cable to slice up - which I don't have any spare of these either at the moment.

However, if I did, I'd expect the results would not be reliable for deciding about the sapphire hardware.
The emerald and sapphire are slightly different power usage as far as I understand.

I think there are people who have a few sapphire already, so hopefully one of them might see your question.

i have some - but i too lack the ammeter.

i think a few of those i shipped out should arrive tomorrow though.


Title: Re: [Announcement] Block Erupter USB
Post by: tvbcof on May 28, 2013, 04:38:19 AM

i have some - but i too lack the ammeter.

i think a few of those i shipped out should arrive tomorrow though.

I have some long ago recollection that current (DC) can be deduced by introducing a resistor and measuring the voltage drop across it.

Maybe I'll try...or would if I were one of the lucky ones receiving my device tomorrow <sniffle>  (kidding.)



Title: Re: [Announcement] Block Erupter USB
Post by: daemondazz on May 28, 2013, 04:50:40 AM
Yes, using Ohm's law, but if you're going to do that you might as well just put an ammeter in line.

Edit: Because, virtually every single multimeter built in the last however many years (30?) includes both a voltmeter and ammeter.


Title: Re: [Announcement] Block Erupter USB
Post by: GuiltySpark343 on May 28, 2013, 07:12:04 PM
Does the Block Erupter require a USB driver? I'm running Win7 x64. Where does one download the required driver for it? Thanks!


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on May 28, 2013, 08:02:06 PM
Does the Block Erupter require a USB driver? I'm running Win7 x64. Where does one download the required driver for it? Thanks!
I think it should be autodetected.
If not, they are on this site: http://www.silabs.com/products/mcu/pages/usbtouartbridgevcpdrivers.aspx


Title: Re: [Announcement] Block Erupter USB
Post by: markyminer on May 28, 2013, 08:02:55 PM
Emerald. My Sapphire isn't here yet.
[/quote]

What? We are way over the 15 days and way way over the 20 days promised for delivery. looks like you lot wont even make the change to 12.5m difficulty in 10 days!

How long do you have to be late before we can flame you as vapourware ala BFL ?

M


Title: Re: [Announcement] Block Erupter USB
Post by: CumpsD on May 28, 2013, 08:05:02 PM
Emerald. My Sapphire isn't here yet.

What? We are way over the 15 days and way way over the 20 days promised for delivery. looks like you lot wont even make the change to 12.5m difficulty in 10 days!

How long do you have to be late before we can flame you as vapourware ala BFL ?

M
[/quote

Our group buy has 100 incoming already, already in Germany.

The rest is coming over now, mine included :p


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on May 28, 2013, 08:07:46 PM
Wait until the end of the year, where difficulty will be around 70,000,000


Title: Re: [Announcement] Block Erupter USB
Post by: yxt on May 28, 2013, 08:12:57 PM

Our group buy has 100 incoming already, already in Germany.

The rest is coming over now, mine included :p

100 already sent out to happy miners
+150 in germany @customs ;-)


Title: Re: [Announcement] Block Erupter USB
Post by: Rant2112 on May 28, 2013, 10:33:35 PM
The multimeter method will give you the exact current draw.
But the multimeter won't account for power supply inefficiencies, CPU usage, and lots of other stuff.

No point in being precise if you aren't accurate.  8)

Of course it is worthwhile as an academic exercise.  I'm just pointing out that if you are going to be making profitability calculations that the current draw from the USB port to the miner isn't the thing you want.


Title: One hub to rule them all ...
Post by: GuiltySpark343 on May 29, 2013, 12:09:27 AM
Anyone find a suitable USB hub that is powered and has enough spacing to allow for adequate cooling?

I found this one but the power supply only provides 2A @ 5V, meaning if each port pulls 500mA you'd only have enough power to run 4 USB Block Eruptors:
http://www.satechi.net/index.php/satechi-12-port-usb-hub-with-power-adapter-2-control-switches

Also saw this one, but could find no details as to its power supply specs:
http://www.rosewill.com/products/1604/ProductDetail_Overview.htm#/Mgnt/Uploads/ImagesForProduct/ImgPrd-1604-Cm[7d4d1f39bfc64a01b8705e5227fc75cf].jpg

Last this one, but the side ports don't seem useable. Also, no power supply specs either:
http://www.digitalinnovations.com/connect-charge-7-port-hub.html


Title: Re: [Announcement] Block Erupter USB
Post by: daemondazz on May 29, 2013, 12:12:37 AM
But the multimeter won't account for power supply inefficiencies, CPU usage, and lots of other stuff.

I was figuring they wanted to know the current draw at 5V to determine how many can by powered on a single hub, in which case, it is accurate and precise. :)

How much power is drawn from the wall is another matter.


Title: Re: One hub to rule them all ...
Post by: HTML5 Gordon on May 29, 2013, 12:39:22 AM
Anyone find a suitable USB hub that is powered and has enough spacing to allow for adequate cooling?

I found this one but the power supply only provides 2A @ 5V, meaning if each port pulls 500mA you'd only have enough power to run 4 USB Block Eruptors:
http://www.satechi.net/index.php/satechi-12-port-usb-hub-with-power-adapter-2-control-switches

Also saw this one, but could find no details as to its power supply specs:
http://www.rosewill.com/products/1604/ProductDetail_Overview.htm#/Mgnt/Uploads/ImagesForProduct/ImgPrd-1604-Cm[7d4d1f39bfc64a01b8705e5227fc75cf].jpg

Last this one, but the side ports don't seem useable. Also, no power supply specs either:
http://www.digitalinnovations.com/connect-charge-7-port-hub.html

I'm going to use an Anker 10 port hub.  4A @ 12V.  They make good quality stuff.


Title: Re: [Announcement] Block Erupter USB
Post by: GuiltySpark343 on May 29, 2013, 01:00:57 AM
That does look promising, but odd that it puts out 12V, isn't USB spec'ed at 5V?


Title: Re: [Announcement] Block Erupter USB
Post by: daemondazz on May 29, 2013, 01:02:03 AM
That does look promising, but odd that it puts out 12V, isn't USB spec'ed at 5V?

There will be internal voltage regulation down to 5V.


Title: Re: [Announcement] Block Erupter USB
Post by: josiasrdz on May 29, 2013, 02:42:46 AM
Is it possible to mine using an android device? Like using and micro usb to regular usb adapter and using a powered hub


Title: Re: [Announcement] Block Erupter USB
Post by: mr2dave on May 29, 2013, 03:18:04 AM
Is it possible to mine using an android device? Like using and micro usb to regular usb adapter and using a powered hub

A Raspberry Pi can do it. It's linux, not android, but it's still an ARM CPU. It's a nice way to keep power consumption as low as possible. Check it out here: https://bitcointalk.org/index.php?topic=137934.0


Title: Re: One hub to rule them all ...
Post by: joae1975 on May 29, 2013, 04:04:20 AM
Anyone find a suitable USB hub that is powered and has enough spacing to allow for adequate cooling?

I found this one but the power supply only provides 2A @ 5V, meaning if each port pulls 500mA you'd only have enough power to run 4 USB Block Eruptors:
http://www.satechi.net/index.php/satechi-12-port-usb-hub-with-power-adapter-2-control-switches

Also saw this one, but could find no details as to its power supply specs:
http://www.rosewill.com/products/1604/ProductDetail_Overview.htm#/Mgnt/Uploads/ImagesForProduct/ImgPrd-1604-Cm[7d4d1f39bfc64a01b8705e5227fc75cf].jpg

Last this one, but the side ports don't seem useable. Also, no power supply specs either:
http://www.digitalinnovations.com/connect-charge-7-port-hub.html

I'm going to use an Anker 10 port hub.  4A @ 12V.  They make good quality stuff.
So, I'd be safe to run 5 on this hub right?  You guys think we need to blow a fan on 'em?


Title: Re: One hub to rule them all ...
Post by: mr2dave on May 29, 2013, 04:24:48 AM
So, I'd be safe to run 5 on this hub right?  You guys think we need to blow a fan on 'em?

I saw at least one person over in Arklan's group buy who claims that hub will run 10 sticks. Arklan said he's running 9 sticks in one (he didn't try 10).
I have a fan moving some air over my sticks. I doubt that it's really necessary, but it makes me feel better so I do it anyway.


Title: Re: [Announcement] Block Erupter USB
Post by: Xian01 on May 29, 2013, 04:36:03 AM
The US/Canada group buy has confirmed that this hub can drive 10 Erupter USB's

Anker 10 port USB hub -- http://www.amazon.com/gp/product/B005NGQWL2/

Going to run 9 Erupters in the first 9 slot, and stick a USB fan in slot 10 'fo shiggles giving the Erupters some airflow.

ARCTIC Breeze Mobile USB-Powered 92mm Portable Fan -- http://www.amazon.com/gp/product/B003XN24GY/

I placed an order for a Mondohub 28 port (http://www.amazon.com/gp/product/B0074024XU/) but I've been informed it cannot drive more than 5 Erupters despite the specs on Manhattan's site saying it gives 500ma to each port (http://www.mondohub.com/hub_overview.php)


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 29, 2013, 05:03:30 AM
confirming anker 10 port hub handles 9 no problem, and airflow is a GOOD idea.


Title: Re: [Announcement] Block Erupter USB
Post by: daemondazz on May 29, 2013, 05:26:40 AM
Yep, 4A@12V is (without any losses) approx 10A@5V, so should be good to run 20 devices, if it had that many ports :)


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on May 29, 2013, 06:04:30 AM
Is it possible to mine using an android device? Like using and micro usb to regular usb adapter and using a powered hub

Depends on the device, but in general, yes. You need a linux in a chroot environment. Commands are the same as for Raspberry Pi or Sheevaplug, its just a bit slower (for me I/O are very slow, because of my slow minisd card). Some devices may have problems serving as USB host. Devices like this might help http://dx.com/p/ug802-android-4-0-dual-core-network-multi-media-player-w-wi-fi-hdmi-tf-black-1gb-ram-4gb-153223


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on May 29, 2013, 11:10:14 AM
The US/Canada group buy has confirmed that this hub can drive 10 Erupter USB's

Anker 10 port USB hub -- http://www.amazon.com/gp/product/B005NGQWL2/

Going to run 9 Erupters in the first 9 slot, and stick a USB fan in slot 10 'fo shiggles giving the Erupters some airflow.

ARCTIC Breeze Mobile USB-Powered 92mm Portable Fan -- http://www.amazon.com/gp/product/B003XN24GY/

I placed an order for a Mondohub 28 port (http://www.amazon.com/gp/product/B0074024XU/) but I've been informed it cannot drive more than 5 Erupters despite the specs on Manhattan's site saying it gives 500ma to each port (http://www.mondohub.com/hub_overview.php)

can anyone recomend where to buy these in the EU


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on May 29, 2013, 11:36:22 AM
http://www.amazon.co.uk/D-Link-DUB-H7-Port-USB-External/dp/product-description/B0002AFZVM/ref=dp_proddesc_0?ie=UTF8&n=340831031&s=computers

would 1 of these work, with another 7 identical hubs attached, then 7miners in each hub?



Title: Re: One hub to rule them all ...
Post by: kano on May 29, 2013, 02:14:35 PM
So, I'd be safe to run 5 on this hub right?  You guys think we need to blow a fan on 'em?

I saw at least one person over in Arklan's group buy who claims that hub will run 10 sticks. Arklan said he's running 9 sticks in one (he didn't try 10).
I have a fan moving some air over my sticks. I doubt that it's really necessary, but it makes me feel better so I do it anyway.
If you're getting 1% or more errors (on cgminer), with emerald that means temperature
(as you know emerald has no heat sink)
So yeah use that as a rough guide to decide if sapphire needs fans I guess
(unless someone with a sapphire has more specific info about it?)

Of course there's no way of dealing with that in the code other than to stop mining - there's no temperature information or anything to control (i.e. obviously no fan)
... hmm ... external usb fan control ... anyone got any good USB fans that you can control the power levels ... hmm I could see that possibly being useful but also possibly being a can of worms for coding ...


Title: Re: [Announcement] Block Erupter USB
Post by: LogicalUnit on May 30, 2013, 02:19:15 AM
What brand is the USB hub on the first page, and where can I get one?



Title: Re: One hub to rule them all ...
Post by: dinogenes on May 30, 2013, 07:05:32 AM
Anyone find a suitable USB hub that is powered and has enough spacing to allow for adequate cooling?

I found this one but the power supply only provides 2A @ 5V, meaning if each port pulls 500mA you'd only have enough power to run 4 USB Block Eruptors:
http://www.satechi.net/index.php/satechi-12-port-usb-hub-with-power-adapter-2-control-switches

Also saw this one, but could find no details as to its power supply specs:
http://www.rosewill.com/products/1604/ProductDetail_Overview.htm#/Mgnt/Uploads/ImagesForProduct/ImgPrd-1604-Cm[7d4d1f39bfc64a01b8705e5227fc75cf].jpg

Last this one, but the side ports don't seem useable. Also, no power supply specs either:
http://www.digitalinnovations.com/connect-charge-7-port-hub.html

I'm going to use an Anker 10 port hub.  4A @ 12V.  They make good quality stuff.

I got a 6000mah usb battery from "Anker" with a integrated flashlight, which died after 3-4 months of usage. (battery is fine, just the flashlight isn`t working anymore)
On these grounds i wouldn't stick my usb miners into a very cheap usb hub.


Title: Re: One hub to rule them all ...
Post by: joae1975 on May 30, 2013, 08:56:22 AM

I got a 6000mah usb battery from "Anker" with a integrated flashlight, which died after 3-4 months of usage. (battery is fine, just the flashlight isn`t working anymore)
On these grounds i wouldn't stick my usb miners into a very cheap usb hub.
You think the bulb just went out?  And these usb's are 2.0 right?  Not 3.0


Title: Re: One hub to rule them all ...
Post by: Luke-Jr on May 30, 2013, 09:15:33 AM
And these usb's are 2.0 right?  Not 3.0
Again, they're USB 1.1.


Title: Re: One hub to rule them all ...
Post by: tvbcof on May 30, 2013, 06:42:00 PM
And these usb's are 2.0 right?  Not 3.0
Again, they're USB 1.1.

Really?  Cool!  They might even run on the pile of Soekris net4801's I have kicking around.



Title: Re: One hub to rule them all ...
Post by: HTML5 Gordon on May 30, 2013, 08:12:52 PM
Anyone find a suitable USB hub that is powered and has enough spacing to allow for adequate cooling?

I found this one but the power supply only provides 2A @ 5V, meaning if each port pulls 500mA you'd only have enough power to run 4 USB Block Eruptors:
http://www.satechi.net/index.php/satechi-12-port-usb-hub-with-power-adapter-2-control-switches

Also saw this one, but could find no details as to its power supply specs:
http://www.rosewill.com/products/1604/ProductDetail_Overview.htm#/Mgnt/Uploads/ImagesForProduct/ImgPrd-1604-Cm[7d4d1f39bfc64a01b8705e5227fc75cf].jpg

Last this one, but the side ports don't seem useable. Also, no power supply specs either:
http://www.digitalinnovations.com/connect-charge-7-port-hub.html

I'm going to use an Anker 10 port hub.  4A @ 12V.  They make good quality stuff.

I got a 6000mah usb battery from "Anker" with a integrated flashlight, which died after 3-4 months of usage. (battery is fine, just the flashlight isn`t working anymore)
On these grounds i wouldn't stick my usb miners into a very cheap usb hub.

Ah, okay, let me change that.  I've found they make good quality hubs.  I haven't had any issues with their hubs, and I haven't ever used any of their other products.


Title: Re: [Announcement] Block Erupter USB
Post by: FiiNALiZE on May 30, 2013, 10:54:26 PM
Are you selling these to the public?



Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on May 31, 2013, 12:28:46 AM
I am having trouble getting my units to run on cgminer for windows.... no usb device found. Works on bitminter though. Any help would be appreciated!


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on May 31, 2013, 12:32:14 AM
I am having trouble getting my units to run on cgminer for windows.... no usb device found. Works on bitminter though. Any help would be appreciated!
cgminer doesn't work with standard drivers - if you really want it, you'll need to remove the normal driver and install a non-standard one.

BFGMiner (https://bitcointalk.org/index.php?topic=168174.0) works similarly to cgminer, but has better ASIC support (including working with standard drivers).


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on May 31, 2013, 12:33:46 AM
I downliaded bfminer also but after compiling the .bat nothing happens on start


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on May 31, 2013, 12:34:47 AM
I am having trouble getting my units to run on cgminer for windows.... no usb device found. Works on bitminter though. Any help would be appreciated!
cgminer doesn't work with standard drivers - if you really want it, you'll need to remove the normal driver and install a non-standard one.

BFGMiner (https://bitcointalk.org/index.php?topic=168174.0) works similarly to cgminer, but has better ASIC support (including working with standard drivers).

where do I get a none standard driver?


Title: Re: [Announcement] Block Erupter USB
Post by: mdude77 on May 31, 2013, 12:38:58 AM
I am having trouble getting my units to run on cgminer for windows.... no usb device found. Works on bitminter though. Any help would be appreciated!

See here:

https://bitcointalk.org/index.php?topic=220450.0

M


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on May 31, 2013, 12:39:06 AM
I downliaded bfminer also but after compiling the .bat nothing happens on start
Did you put the -S all option?


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on May 31, 2013, 12:40:46 AM
 ??? scratches head.... say what?? ::) ::) ??? ???


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on May 31, 2013, 12:42:03 AM
Quote
bfgminer -o http://api.bitcoin.cz:8332 -u elasticband.noobie1   -p blank


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on May 31, 2013, 12:50:03 AM
Quote
bfgminer -o http://api.bitcoin.cz:8332 -u elasticband.noobie1   -p blank

Code:
bfgminer -o http://api.bitcoin.cz:8332 -u elasticband.noobie1   -p blank -S all


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on May 31, 2013, 12:52:21 AM
it loads for a second with my details then closes


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on May 31, 2013, 12:54:10 AM
-S all now keeps the cmd. window open but nothing shows


Title: Re: [Announcement] Block Erupter USB
Post by: kano on May 31, 2013, 01:58:08 AM
I am having trouble getting my units to run on cgminer for windows.... no usb device found. Works on bitminter though. Any help would be appreciated!
cgminer doesn't work with standard drivers - if you really want it, you'll need to remove the normal driver and install a non-standard one.
...
WinUSB.sys - a driver written by Microsoft ... :P

Luke-Jr=FUD

His post is indeed the classic definition of the meaning and use of the term FUD


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on May 31, 2013, 02:04:27 AM
-S all now keeps the cmd. window open but nothing shows
Ok, try with: bfgminer -S all -D -T -d?

Edit: Also! Be sure you're using the special build I posted for Block Erupter USB (https://bitcointalk.org/index.php?topic=195004.msg2250380#msg2250380)!


Title: Block Erupter USB Porn
Post by: Xian01 on May 31, 2013, 02:14:26 AM
Thanks, friedcat !

http://i.imgur.com/s0dzfQ3.jpg


Title: Re: [Announcement] Block Erupter USB
Post by: Xian01 on May 31, 2013, 02:16:34 AM
His post is indeed the classic definition of the meaning and use of the term FUD

 Finally had enough of Luke-Jr's hubris to add him to my ignore list.

 *sigh*


Title: Re: Block Erupter USB Porn
Post by: bigbeninlondon on May 31, 2013, 02:19:59 AM

That's fucking gorgeous.


Title: Re: Block Erupter USB Porn
Post by: kano on May 31, 2013, 02:27:00 AM
Thanks, friedcat !

http://i.imgur.com/s0dzfQ3.jpg
... and why do I think the most awesome part of that picture is the idea to use USB fans like that? :D
Very 'cool' indeed :)


Title: Re: [Announcement] Block Erupter USB
Post by: GuiltySpark343 on May 31, 2013, 03:25:43 AM
Let's see if we can ID everything else in that photo:

1. eMachines keyboard
2. APC UPS, probably a BR1500 or BR1200 unit
3. D-Link switch in the background
4. can't tell ... Belkin or APC surge suppressor?

But I digress. Excuse me while I "take matters into my own hands" as I look at this hashing pr0n


Title: Re: [Announcement] Block Erupter USB
Post by: HTML5 Gordon on May 31, 2013, 03:55:24 AM
Let's see if we can ID everything else in that photo:

1. eMachines keyboard
2. APC UPS, probably a BR1500 or BR1200 unit
3. D-Link switch in the background
4. can't tell ... Belkin or APC surge suppressor?

But I digress. Excuse me while I "take matters into my own hands" as I look at this hashing pr0n

You missed the Apple AirPort Extreme.  ;)

Awesome setup Xian.  I actually think I was looking at those exact USB fans on Amazon the other day.  Is that the "Arctic Breeze" ones?


Title: Re: [Announcement] Block Erupter USB
Post by: Xian01 on May 31, 2013, 03:58:46 AM
Awesome setup Xian.  I actually think I was looking at those exact USB fans on Amazon the other day.  Is that the "Arctic Breeze" ones?

 Yessir. Very quiet, and blow a surprising amount of air.


Title: Re: [Announcement] Block Erupter USB
Post by: bystander on May 31, 2013, 05:30:49 AM
That's the setup of all setups, thanks Xian for the incredible pic!



Title: Re: [Announcement] Block Erupter USB
Post by: LogicalUnit on May 31, 2013, 05:37:36 AM
Great picture, Xian! Can you tell us what USB hub you are using, and where to buy one? :D


Title: Re: [Announcement] Block Erupter USB
Post by: Xian01 on May 31, 2013, 05:39:37 AM
Great picture, Xian! Can you tell us what USB hub you are using, and where to buy one? :D

http://www.amazon.com/gp/product/B005NGQWL2/ -- Anker® Uspeed USB 3.0 10-Port Hub with 12V 4A Power Adapter


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on May 31, 2013, 05:40:06 AM
Let's see if we can ID everything else in that photo:

1. eMachines keyboard
2. APC UPS, probably a BR1500 or BR1200 unit
3. D-Link switch in the background
4. can't tell ... Belkin or APC surge suppressor?

But I digress. Excuse me while I "take matters into my own hands" as I look at this hashing pr0n

It's not a switch, it is a D-Link DIR-300 Wireless Lan Router.


Title: Re: [Announcement] Block Erupter USB
Post by: LogicalUnit on May 31, 2013, 05:41:22 AM
Great picture, Xian! Can you tell us what USB hub you are using, and where to buy one? :D

http://www.amazon.com/gp/product/B005NGQWL2/ -- Anker® Uspeed USB 3.0 10-Port Hub with 12V 4A Power Adapter

Thanks for the quick reply! One last question: what input voltage does the power adapter take? (please be 110-240V!!)


Title: Re: [Announcement] Block Erupter USB
Post by: af_newbie on May 31, 2013, 05:43:31 AM
Awesome setup Xian.  I actually think I was looking at those exact USB fans on Amazon the other day.  Is that the "Arctic Breeze" ones?

 Yessir. Very quiet, and blow a surprising amount of air.

Are they these ones?
http://www.amazon.com/ARCTIC-USB-Powered-Portable-Cooling-Solution/dp/B003XN24GY/ref=sr_1_1?ie=UTF8&qid=1369978886&sr=8-1&keywords=Arctic+Breeze (http://www.amazon.com/ARCTIC-USB-Powered-Portable-Cooling-Solution/dp/B003XN24GY/ref=sr_1_1?ie=UTF8&qid=1369978886&sr=8-1&keywords=Arctic+Breeze)

Do you get a lot of H/W errors?  Are they warm or hot to touch?  Just wondering. Awesome setup BTW.


Title: Re: [Announcement] Block Erupter USB
Post by: CanaryInTheMine on May 31, 2013, 05:46:35 AM
Great picture, Xian! Can you tell us what USB hub you are using, and where to buy one? :D

http://www.amazon.com/gp/product/B005NGQWL2/ -- Anker® Uspeed USB 3.0 10-Port Hub with 12V 4A Power Adapter
I wonder how quickly they will run out of stock at Amazon...


Title: Re: [Announcement] Block Erupter USB
Post by: Xian01 on May 31, 2013, 05:50:27 AM
Thanks for the quick reply! One last question: what input voltage does the power adapter take? (please be 110-240V!!)

110-240VAC, 50/60Hz, 1.2A

http://www.amazon.com/gp/product/B003XN24GY/ -- ARCTIC Breeze Mobile USB-Powered 92mm Portable Fan, Portable Cooling Solution, Quiet Fan - White

... are the fans used in that photo. Not sure how much the fans are making a difference to cool these things down, but I guess it's better than no airflow at all.


Title: Re: [Announcement] Block Erupter USB
Post by: LogicalUnit on May 31, 2013, 05:52:38 AM
Thanks for the quick reply! One last question: what input voltage does the power adapter take? (please be 110-240V!!)

110-240VAC, 50/60Hz, 1.2A

Woohoo! Thank you very much! I'm going to order mine now!


Title: Re: [Announcement] Block Erupter USB
Post by: CanaryInTheMine on May 31, 2013, 05:54:20 AM
Hmmmm... I think bitcointalk should get referral payments from Amazon if we're going to paste links into here from amazon, no?
add a feature forum software to insert a link to an amazon product and the software automatically converts the link so that a referral fee would be credited to bitcointalk.org?


Title: Re: [Announcement] Block Erupter USB
Post by: LogicalUnit on May 31, 2013, 06:01:04 AM
Ah, bugger. Amazon won't ship the Anker USB hubs to Australia. Would someone be willing to act as a go-between for me between USA and Australia?


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 31, 2013, 06:09:52 AM
Ah, bugger. Amazon won't ship the Anker USB hubs to Australia. Would someone be willing to act as a go-between for me between USA and Australia?

sure. pm me and we'll work it out.

also, xian - ...i'm confused. i only sent you 20!

and yes, those hubs (i have 3) are godly.


Title: Re: [Announcement] Block Erupter USB
Post by: Xian01 on May 31, 2013, 06:17:19 AM
also, xian - ...i'm confused. i only sent you 20!

 You did only send me 20 ;)


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on May 31, 2013, 06:29:16 AM
For my German view, its chaotic. Why is one fan in the other direction?

https://lh4.googleusercontent.com/-JJi69pln7jw/TpB2R5VAnrI/AAAAAAAAAY0/EedWxhNdjJM/w495/chaos%2Bgerman%2Bstyle.jpg


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 31, 2013, 06:33:31 AM

oh god i didn't even notice that. fix it, fix it FIX IT!


Title: Re: [Announcement] Block Erupter USB
Post by: costapete on May 31, 2013, 06:36:38 AM
id like 10 staicks. group buy open??


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 31, 2013, 06:38:32 AM
id like 10 staicks. group buy open??


many, check the custom hardware forum.


Title: Re: [Announcement] Block Erupter USB
Post by: costapete on May 31, 2013, 06:42:33 AM
which one is whith trust responcible quick shipper?


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on May 31, 2013, 06:44:02 AM
which one is whith trust responcible quick shipper?

no idea. i ran my own, which is now closed. sorry.


Title: Re: Block Erupter USB Porn
Post by: mem on May 31, 2013, 08:03:46 AM
Thanks, friedcat !

http://i.imgur.com/s0dzfQ3.jpg
... and why do I think the most awesome part of that picture is the idea to use USB fans like that? :D
Very 'cool' indeed :)

Nice that we can agree on something, that is one sexy picture - the guys @ the office love it.


Title: Re: [Announcement] Block Erupter USB
Post by: z3r0 on May 31, 2013, 09:06:12 AM
Is it still possible to order Block Erupter USB's here? Or any idea how to go about it?


Title: Re: [Announcement] Block Erupter USB
Post by: rethaw on May 31, 2013, 09:16:45 AM
http://i.imgur.com/8mSIinf.gif


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on May 31, 2013, 09:36:17 AM
-S all now keeps the cmd. window open but nothing shows
Ok, try with: bfgminer -S all -D -T -d?

Edit: Also! Be sure you're using the special build I posted for Block Erupter USB (https://bitcointalk.org/index.php?topic=195004.msg2250380#msg2250380)!

when i goto that post and download either 64 or 32 bit, norten then removes the file from my computer after download as it is unsafe?



Title: Re: [Announcement] Block Erupter USB
Post by: sturle on May 31, 2013, 10:07:43 AM
What are the soldering points suitable for a pin header for?  JTAG?  Some other interface?


Title: Re: [Announcement] Block Erupter USB
Post by: Kuma on May 31, 2013, 10:27:05 AM

when i goto that post and download either 64 or 32 bit, norten then removes the file from my computer after download as it is unsafe?


Some AV programs detects mining sw as malicious. IMO false positive.


Title: Re: [Announcement] Block Erupter USB
Post by: kano on May 31, 2013, 01:36:55 PM
-S all now keeps the cmd. window open but nothing shows
Ok, try with: bfgminer -S all -D -T -d?

Edit: Also! Be sure you're using the special build I posted for Block Erupter USB (https://bitcointalk.org/index.php?topic=195004.msg2250380#msg2250380)!

when i goto that post and download either 64 or 32 bit, norten then removes the file from my computer after download as it is unsafe?

Try the latest cgminer 3.2.0 released today
https://bitcointalk.org/index.php?topic=28402.0

It auto detects everything, auto sets the settings and just runs (No -S options and no --icarus-timing required)
On linux it's rock solid - would love to know how it works on a windows system with that many USB's.


Title: Re: [Announcement] Block Erupter USB
Post by: Xian01 on May 31, 2013, 02:18:55 PM
For my German view, its chaotic. Why is one fan in the other direction?
oh god i didn't even notice that. fix it, fix it FIX IT!

 There was something wonky with CGMiner/Windows saying it did not have access to open that port for some-odd reason. I shuffled everything around to accomodate.

 Will be sure to troubleshoot with 3.2.0 tonight.


Title: Re: [Announcement] Block Erupter USB
Post by: af_newbie on May 31, 2013, 02:19:34 PM

oh god i didn't even notice that. fix it, fix it FIX IT!

Ordnung ist das halbe Leben und Unordnung die andere Hälfte


Title: Re: [Announcement] Block Erupter USB
Post by: Boelens on May 31, 2013, 02:24:22 PM
Are theses USBs profitable at a power rate of 0.35$? Also, how much BTC do they get per 24 hours?


Title: Re: [Announcement] Block Erupter USB
Post by: AM4Bitcoin on May 31, 2013, 02:28:29 PM
About 0.013/day and the power usage is not a problem even at 0.35$/kw. But at 2 Bitcoins/usb you will barely get a ROI.


Title: Re: [Announcement] Block Erupter USB
Post by: oaxaca on May 31, 2013, 02:31:37 PM
-S all now keeps the cmd. window open but nothing shows
Ok, try with: bfgminer -S all -D -T -d?

Edit: Also! Be sure you're using the special build I posted for Block Erupter USB (https://bitcointalk.org/index.php?topic=195004.msg2250380#msg2250380)!

when i goto that post and download either 64 or 32 bit, norten then removes the file from my computer after download as it is unsafe?



It's Norton that's not safe.  Remove Norton now and get back your system resources.  Find a real antivirus.


Title: Re: [Announcement] Block Erupter USB
Post by: turtle83 on May 31, 2013, 03:10:48 PM
-S all now keeps the cmd. window open but nothing shows
Ok, try with: bfgminer -S all -D -T -d?

Edit: Also! Be sure you're using the special build I posted for Block Erupter USB (https://bitcointalk.org/index.php?topic=195004.msg2250380#msg2250380)!

when i goto that post and download either 64 or 32 bit, norten then removes the file from my computer after download as it is unsafe?



It's Norton that's not safe.  Remove Norton now and get back your system resources.  Find a real antivirus.

It's Windows that's not safe.  Remove Windows now and get back your system resources.  Find a real operating system.


Title: Re: [Announcement] Block Erupter USB
Post by: Kinetic915 on May 31, 2013, 05:06:39 PM
what kind of power usage on these? 


Title: Re: [Announcement] Block Erupter USB
Post by: lucazane on May 31, 2013, 05:13:27 PM
what kind of power usage on these? 

2.5 - 3 w


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on May 31, 2013, 06:14:31 PM
For my German view, its chaotic. Why is one fan in the other direction?
oh god i didn't even notice that. fix it, fix it FIX IT!

 There was something wonky with CGMiner/Windows saying it did not have access to open that port for some-odd reason. I shuffled everything around to accomodate.

 Will be sure to troubleshoot with 3.2.0 tonight.

I have friends over just niw but will get on it later..... will be running it with 60+ usbs tomorrow


Title: Re: [Announcement] Block Erupter USB
Post by: af_newbie on May 31, 2013, 06:54:45 PM
... will be running it with 60+ usbs tomorrow

On one cgminer instance?  Wow, that is going to be some test.
I vaguely remember someone mentioned that cgminer displays only 30 or so devices (it will still mine the rest) but you'll not be able to see them.

I never tried that many...


Title: Re: [Announcement] Block Erupter USB
Post by: bigbeninlondon on May 31, 2013, 07:54:56 PM
... will be running it with 60+ usbs tomorrow

On one cgminer instance?  Wow, that is going to be some test.
I vaguely remember someone mentioned that cgminer displays only 30 or so devices (it will still mine the rest) but you'll not be able to see them.

I never tried that many...

Two instances of cgminer maybe?


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on May 31, 2013, 08:22:29 PM
Still having trouble.... something about neesing windows drivers... I have the windows drivers for the devices installed tho


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on May 31, 2013, 08:29:26 PM
Still having trouble.... something about neesing windows drivers... I have the windows drivers for the devices installed tho
BFGMiner should work if you get rid of the Norton malware so you can actually run it...


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on May 31, 2013, 08:45:36 PM
http://i43.tinypic.com/33vdjyr.png


Title: Re: [Announcement] Block Erupter USB
Post by: bystander on May 31, 2013, 11:36:12 PM
^Have you had a chance to see if Luke-Jr's suggestion with BFGMiner would work?  Hoping that you'll be up and running with the 60 soon, that's going to be an awesome setup.


Title: Re: [Announcement] Block Erupter USB
Post by: Henchman24 on June 01, 2013, 12:26:37 AM

I see you're using version 3.2.0 of cgminer.  I know kano said something about rewriting the USB interface to automatially detect all asics.  So, my guess is that it is expecting the WinUSB driver instead of the silab driver that works with 3.1.x.

I'm guessing zadig would be your friend in this instance.  Just have it install the WinUSB driver.  Or, try a 3.1.x build of cgminer, the silab drivers and start it using something similar to:

cgminer-nogpu.exe --icarus-options 115200:1:1 --icarus-timing 3.0=100 -S //./COMx -S //./COMy

where x and y are the COM ports for your USB miners, reported under Device Manager

I use cgminer 3.1.1
I installed these drivers
http://www.silabs.com/products/mcu/Pages/USBtoUARTBridgeVCPDrivers.aspx
I then plugged in all of my miners, waiting for each one to get recognized before plugging in the next one.
Here's my Device Manager screen:
http://s22.postimg.org/dh1jx6cwh/usb_miner_com_ports.png
Guessing this part isn't necessary, but I created a clone of the cgminer-3.1.1-windows directory that I use for running my GPUs, and run my USBs from the cloned directory.  I renamed cgminer.conf (which was for my GPUs) and just input the URL/user/pass manually when prompted.  After cgminer starts, I write out a cgminer.conf so it will save my pool info.

I start cgminer using:

Code:
cgminer-nogpu.exe --icarus-options 115200:1:1 --icarus-timing 3.0=100 -S //./COM12 -S //./COM22 -S //./COM24 -S //./COM25 -S //./COM26 -S //./COM30 -S //./COM33 -S //./COM34 -S //./COM35 -S //./COM36


Title: Re: [Announcement] Block Erupter USB
Post by: bigbeninlondon on June 01, 2013, 01:03:03 AM

I see you're using version 3.2.0 of cgminer.  I know kano said something about rewriting the USB interface to automatially detect all asics.  So, my guess is that it is expecting the WinUSB driver instead of the silab driver that works with 3.1.x.

I'm guessing zadig would be your friend in this instance.  Just have it install the WinUSB driver.  Or, try a 3.1.x build of cgminer, the silab drivers and start it using something similar to:

cgminer-nogpu.exe --icarus-options 115200:1:1 --icarus-timing 3.0=100 -S //./COMx -S //./COMy

where x and y are the COM ports for your USB miners, reported under Device Manager

I use cgminer 3.1.1
I installed these drivers
http://www.silabs.com/products/mcu/Pages/USBtoUARTBridgeVCPDrivers.aspx
I then plugged in all of my miners, waiting for each one to get recognized before plugging in the next one.
Here's my Device Manager screen:
http://s22.postimg.org/dh1jx6cwh/usb_miner_com_ports.png
Guessing this part isn't necessary, but I created a clone of the cgminer-3.1.1-windows directory that I use for running my GPUs, and run my USBs from the cloned directory.  I renamed cgminer.conf (which was for my GPUs) and just input the URL/user/pass manually when prompted.  After cgminer starts, I write out a cgminer.conf so it will save my pool info.

I start cgminer using:

Code:
cgminer-nogpu.exe --icarus-options 115200:1:1 --icarus-timing 3.0=100 -S //./COM12 -S //./COM22 -S //./COM24 -S //./COM25 -S //./COM26 -S //./COM30 -S //./COM33 -S //./COM34 -S //./COM35 -S //./COM36

No need to clone the dir.  You can create two config files and run two instances without issue.  I've got one instance for my GPUs and another for my Erupter. :)


Title: Re: [Announcement] Block Erupter USB
Post by: iANDROID on June 01, 2013, 12:26:00 PM
I have interest into buying some.
But, can someone explain me how to make them work with CGMiner?


Title: Re: [Announcement] Block Erupter USB
Post by: yxt on June 01, 2013, 12:30:52 PM
I have interest into buying some.
But, can someone explain me how to make them work with CGMiner?

I've posted a short desciption to get them hashing...(cgminer 3.1 & win):
https://bitcointalk.org/index.php?topic=195037.msg2299251#msg2299251



Title: Re: [Announcement] Block Erupter USB
Post by: iANDROID on June 01, 2013, 12:32:12 PM
I have interest into buying some.
But, can someone explain me how to make them work with CGMiner?

I've posted a short desciption to get them hashing...(cgminer 3.1 & win):
https://bitcointalk.org/index.php?topic=195037.msg2299251#msg2299251



Danke  ;)


Title: Re: [Announcement] Block Erupter USB
Post by: mdude77 on June 01, 2013, 12:35:25 PM
I have interest into buying some.
But, can someone explain me how to make them work with CGMiner?

Also here:

https://bitcointalk.org/index.php?topic=220450.0

M


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on June 01, 2013, 04:39:44 PM
got 58 USB's up and running via 6 anker USB ports...... at this point my computer stops recognizing new devices and refuses to find drivers....


Title: Re: [Announcement] Block Erupter USB
Post by: mdbssm on June 01, 2013, 04:51:40 PM
got 58 USB's up and running via 6 anker USB ports...... at this point my computer stops recognizing new devices and refuses to find drivers....

Wow! That certainly deserves a photo.


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on June 01, 2013, 04:56:23 PM
will get one soon, need to get some food!

 edit: I guess a photo only takes a min - http://i44.tinypic.com/2q2lgsp.jpg


Title: Re: [Announcement] Block Erupter USB
Post by: Xian01 on June 01, 2013, 05:15:41 PM
will get one soon, need to get some food!

 edit: I guess a photo only takes a min - http://i44.tinypic.com/2q2lgsp.jpg

That's some nice porn right there.


Title: Re: [Announcement] Block Erupter USB
Post by: mdbssm on June 01, 2013, 05:35:02 PM
edit: I guess a photo only takes a min]

Thanks. That's amazing ... and an unofficial record!


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on June 01, 2013, 05:46:22 PM
I have 77 of the little things........ 19 laying dormant at the moment   :'( :o :'(

Can they be set up on a Mac easy? I am completely illiterate when it comes to Apple products and their operating system, but my Mrs owns one of them, maybe i can link the other 8 upto this? I have the hubs :)



Title: Re: [Announcement] Block Erupter USB
Post by: bystander on June 01, 2013, 06:05:23 PM
edit: I guess a photo only takes a min]

Thanks. That's amazing ... and an unofficial record!

Running approx 17.4 GH/s (if 58) or better!  Appreciate Elasticband for posting such an incredible pic.


Title: Re: [Announcement] Block Erupter USB
Post by: lucazane on June 01, 2013, 06:15:04 PM
Since BFL is starting to ship a lot of jalapeno, are you planning to drop your price ?

A block erupter = 2 BTC  for 330 Mh/S
And jalapeno = 2.2 BTC for 5 Gh/s


Title: Re: [Announcement] Block Erupter USB
Post by: CumpsD on June 01, 2013, 06:15:38 PM
Since BFL is starting to ship a lot of jalapeno

Are they?


Title: Re: [Announcement] Block Erupter USB
Post by: tvbcof on June 01, 2013, 06:40:33 PM
Since BFL is starting to ship a lot of jalapeno

Are they?

Even if they were, they've got a huge backlog.  The only way they could fill it would be to go with third-party assemblers, but they would probably be going backward on every order in that case.  I suppose they could simply jack the price and give the finger to their pre-order victims and I would not put it past them.

A more realistic observation seems to be that the Avalon chips on BKK K1 style devices could hit the market and reach a significantly lower price-point.  Maybe as low as 1/10 the cost by my guesstimates.  And it could happen quickly and soon.

My read is that the 130nm and actually much more advanced than the 110nm ones and I don't sense that Avalon denies this.  It would be ultra-cool if ASICMINER distributed them raw.  Maybe they have plans to but I've not seen it.

And hopefully the next gen of chips are well underway by at least some people who see the value in distributing them widely.



Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on June 01, 2013, 06:43:13 PM
edit: I guess a photo only takes a min]

Thanks. That's amazing ... and an unofficial record!

Running approx 17.4 GH/s (if 58) or better!  Appreciate Elasticband for posting such an incredible pic.


bitminter calims all my devices are running at around 670MH/s, i believe this to be a false reading though? 58 USB = 37.5GH/s according to bitminter


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on June 01, 2013, 06:45:35 PM
A more realistic observation seems to be that the Avalon chips on BKK K1 style devices could hit the market and reach a significantly lower price-point.  Maybe as low as 1/10 the cost by my guesstimates.  And it could happen quickly and soon.

Don't expect Avalon Chips before August and ready K1 on September. Although a K1 is 0.08 BTC per chip and around 20€ for the board and assembly. So roughly 40-50€ per K1 including shipping.


Title: Re: [Announcement] Block Erupter USB
Post by: bystander on June 01, 2013, 07:15:44 PM
edit: I guess a photo only takes a min]

Thanks. That's amazing ... and an unofficial record!

Running approx 17.4 GH/s (if 58) or better!  Appreciate Elasticband for posting such an incredible pic.


bitminter calims all my devices are running at around 670MH/s, i believe this to be a false reading though? 58 USB = 37.5GH/s according to bitminter

Most likely the reading's off, but if you're actually yielding double the theoretical value of 336MH/s then it's even better  ;)   


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on June 01, 2013, 07:20:00 PM
to my understanding it is possible to run 127USB devices from the one host...... any ideas why i am failing to pass 58? would love to add another 2 racks to that photo for ya!


Title: Re: [Announcement] Block Erupter USB
Post by: turtle83 on June 01, 2013, 07:22:06 PM
to my understanding it is possible to run 127USB devices from the one host...... any ideas why i am failing to pass 58? would love to add another 2 racks to that photo for ya!

linux or windows?


Title: Re: [Announcement] Block Erupter USB
Post by: lucazane on June 01, 2013, 07:22:34 PM
it's 127 usb devices PER usb controller, most of the motherboard have 2 or more controllers/

You can add controller if you want : http://www.amazon.com/computers-accessories/dp/B009AT5SVS


Title: Re: [Announcement] Block Erupter USB
Post by: tvbcof on June 01, 2013, 07:30:49 PM
A more realistic observation seems to be that the Avalon chips on BKK K1 style devices could hit the market and reach a significantly lower price-point.  Maybe as low as 1/10 the cost by my guesstimates.  And it could happen quickly and soon.

Don't expect Avalon Chips before August and ready K1 on September. Although a K1 is 0.08 BTC per chip and around 20€ for the board and assembly. So roughly 40-50€ per K1 including shipping.

My guesstimate was based on an observation of what Arduino's can be pumped out at, the likely demand volume for such items if they can make money, and also the conjecture that if Avalon sold out they would order another run.

I could be wrong...I often am.



Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on June 01, 2013, 07:38:54 PM
to my understanding it is possible to run 127USB devices from the one host...... any ideas why i am failing to pass 58? would love to add another 2 racks to that photo for ya!

linux or windows?


winodws, away to shop, will work on this in 10mins


Title: Block Erupter USB Porn Pt. II
Post by: Xian01 on June 01, 2013, 07:57:18 PM
http://i.imgur.com/BJCe9a0.jpg

http://i.imgur.com/zxTApt3.jpg

http://i.imgur.com/6Kg7Zxa.jpg

( Had three ports that would not accept any Erupter USB that was plugged into it, but worked fine in any other slot. *shrugs* )


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on June 01, 2013, 08:05:25 PM
might have another hub hooked up :) thanks for the tip just try a new port :)

edit, nope did not work

edit: I am using com port 52 - 111 + com port 6........ how do i essentially use com port 1 - 52?

edit: after inspection, most of my com ports were already listed as (in use 1- 51), i have 254 com ports, which would make sense as i think my laptop would have a controller on each side, 127 devices each port.


Title: Re: [Announcement] Block Erupter USB
Post by: LazyOtto on June 01, 2013, 08:12:22 PM
Since BFL is starting to ship a lot of jalapeno

Are they?
A few over 100 have been acknowledged as received.

http://bfl.ptz.ro/ (http://bfl.ptz.ro/)

Don't know if that constitutes "a lot".

But it is a change from *two* when I last looked at that site a few days ago.


Title: Re: [Announcement] Block Erupter USB
Post by: xjack on June 01, 2013, 09:51:04 PM
Since BFL is starting to ship a lot of jalapeno

Are they?
A few over 100 have been acknowledged as received.

http://bfl.ptz.ro/

Don't know if that constitutes "a lot".

But it is a change from *two* when I last looked at that site a few days ago.

I only count 40-something.  Where's the 100 # come from?

edit:  forgot to count the multiple unit orders - derp.


Title: Re: [Announcement] Block Erupter USB
Post by: bystander on June 01, 2013, 10:09:15 PM
Total # = 43 customers on that list, but each with varying quantities.  One person had qty 16 Jalapeno's delivered supposedly, another qty 8...  

edit: too late, just saw your edit


Title: Re: [Announcement] Block Erupter USB
Post by: iANDROID on June 01, 2013, 10:23:24 PM
Has someone the cheaper group buy for Europe thread link? (It's all about monne...BTC)


Title: Re: [Announcement] Block Erupter USB
Post by: dnaleor on June 01, 2013, 10:26:22 PM
Has someone the cheaper group buy for Europe thread link? (It's all about monne...BTC)

Is there already a cheaper USB miner group buy? Didn't know that. We are trying to get things going in the Dutch section, but nothing really happened already. So we are also looking for options! :)


Title: Re: [Announcement] Block Erupter USB (running at a Mac)
Post by: trepex on June 01, 2013, 11:02:03 PM
Hi,

I made some small progress... I am currently mining on a MacBook Pro running OS X 10.7.5.
But... only using Win XP running in a Parallels 7 environment.
There I installed the 3.0.2 bfgminer (32 bit version) and the CP210x drivers:
http://www.silabs.com/products/mcu/Pages/USBtoUARTBridgeVCPDrivers.aspx

Next step for tomorrow: Copy the VM to the Mac Mini and try it with all 4 USB ASICs and the Ztex
Boards (running natively on OS X).

[repost from: https://bitcointalk.org/index.php?topic=195037.msg2343991#msg2343991 ]

Ralf


Title: Re: [Announcement] Block Erupter USB
Post by: peonminer on June 01, 2013, 11:27:53 PM
I have 77 of the little things........ 19 laying dormant at the moment   :'( :o :'(

Can they be set up on a Mac easy? I am completely illiterate when it comes to Apple products and their operating system, but my Mrs owns one of them, maybe i can link the other 8 upto this? I have the hubs :)


Sweet baby Jesus. 19 dormant... I would love to take a few off your hands to help out :)


You are a God for putting this all together successfully.


Title: Re: [Announcement] Block Erupter USB (running at a Mac)
Post by: alibert on June 02, 2013, 01:14:55 AM
Hi,

I made some small progress... I am currently mining on a MacBook Pro running OS X 10.7.5.
But... only using Win XP running in a Parallels 7 environment.
There I installed the 3.0.2 bfgminer (32 bit version) and the CP210x drivers:
http://www.silabs.com/products/mcu/Pages/USBtoUARTBridgeVCPDrivers.aspx

Next step for tomorrow: Copy the VM to the Mac Mini and try it with all 4 USB ASICs and the Ztex
Boards (running natively on OS X).

[repost from: https://bitcointalk.org/index.php?topic=195037.msg2343991#msg2343991 ]

Ralf

What a waste of time and ressources. I will never understand "the mac way".


Title: Re: [Announcement] Block Erupter USB (running at a Mac)
Post by: nubbins on June 02, 2013, 01:29:25 AM
What a waste of time and ressources. I will never understand "the mac way".

macs are for people who like using computers but dislike having to tinker with computer hardware.

similarly, usb erupters are for people who like bitcoin but don't have a spare room in their home for big aluminum frames full of GPUs and huge noisy fans and PSUs.

not surprisingly, some mac owners have ordered usb erupters.  ;)


Title: Re: [Announcement] Block Erupter USB (running at a Mac)
Post by: joae1975 on June 02, 2013, 03:52:38 AM
What a waste of time and ressources. I will never understand "the mac way".

macs are for people who like using computers but dislike having to tinker with computer hardware.

similarly, usb erupters are for people who like bitcoin but don't have a spare room in their home for big aluminum frames full of GPUs and huge noisy fans and PSUs.

not surprisingly, some mac owners have ordered usb erupters.  ;)
I'm a Mac boy.  I bought a new/used Asus laptop as a designated miner.  Macs are hard to configure for mining and the major majority of the community uses pc's.  I have my Asus, USB hub, and USB fan ready to go.  Waiting for eruptors.  Also waiting for BFL, but who isn't?


Title: Re: [Announcement] Block Erupter USB (running at a Mac)
Post by: nubbins on June 02, 2013, 04:11:40 AM
Macs are hard to configure for mining

i'm only using my mac until my 2nd raspberry pi shows up... now that should be fun  :D


Title: Re: [Announcement] Block Erupter USB
Post by: rethaw on June 02, 2013, 08:16:39 AM
Modular Python Bitcoin Miner using an icarus worker works well on mac.


Title: Re: [Announcement] Block Erupter USB
Post by: Anonymailer on June 02, 2013, 09:34:37 AM
MacMiner works well on a Mac :)


Title: Re: [Announcement] Block Erupter USB (running at a Mac)
Post by: erk on June 02, 2013, 10:30:14 AM
What a waste of time and ressources. I will never understand "the mac way".

macs are for people who like using computers but dislike having to tinker with computer hardware.

similarly, usb erupters are for people who like bitcoin but don't have a spare room in their home for big aluminum frames full of GPUs and huge noisy fans and PSUs.

not surprisingly, some mac owners have ordered usb erupters.  ;)

The last couple of series of Macs have either had nVidia or Intel GPUs, both are useless for mining, so something like the erupters are a reasonable option. Same goes for PC and laptop users that don't have ATI video cards, Mac owners are in exactly the same boat.


Title: Re: [Announcement] Block Erupter USB
Post by: joae1975 on June 02, 2013, 02:51:46 PM
MacMiner works well on a Mac :)
So does GUIminer


Title: Re: [Announcement] Block Erupter USB
Post by: Rant2112 on June 02, 2013, 07:01:34 PM
I have my Erupter working Mac OS X -> VMWare Fusion -> XUbuntu

cgminer 3.1.1 with -S

I can't get cgminer 3.2 to work.  /dev/ttyUSB0 gets disconnected as soon as cgminer 3.2 starts up and cgminer doesn't see anything to mine with.

I jumped through a bunch of hoops trying to get 3.2 working but in the end, with 3.1.1, the only thing I needed was -

adding myself to the dialout group.


Title: Re: Block Erupter USB Porn Pt. II
Post by: markyminer on June 02, 2013, 07:58:04 PM
http://i.imgur.com/BJCe9a0.jpg

http://i.imgur.com/zxTApt3.jpg

http://i.imgur.com/6Kg7Zxa.jpg

( Had three ports that would not accept any Erupter USB that was plugged into it, but worked fine in any other slot. *shrugs* )

OMG .Fools and their money!  When this was announced difficultly was under 10m and network hashrate under 80t/h.  Now you've got them it's 12m (+20%) and network hashrate is 100t/h+ . In under 3 days difficulty will hit 14.4m.  So thats a 44% increase in diffuclty in 5 weeks, around the 30% + a month I predicted.

5 weeks ago each of these would have made you $1.84 a day for the first week. Now you are only making $1.51 a day and this will drop to $1.27 a day in under 3 days when difficulty hits 14.4m.

So lets forecast from there shall we! Starting @ 0.0104 BTC and $1.27 profit a day for the first 10 days. 1 month profit $38.  3 month profit $90. 1 year profit $155!

May I remind you that BTC has gone up only $10 in the last month. And you have paid $220 for each of these last month plus the 1/9th cost of the powered USB hubs and fans plus the cost of all the shipping and customs charges of the USB miners and hubs and fans.

And looking further ahead after 2 whole years of mining with $0.01 per day powercosts for each USB you will have only made $158. Yep, @ 30% increase a month you will make a whole $3 in the second year. Buy the end of year three these will not earn enough BTC to cover their power use!

You lot will have to pray (and hard) that BTC difficulty slows it's current 30% a month increase or that $/BTC steadily rises to over $250 in the next few years or you will never make a ROI.

To big a gamble to stake way over $12k on. Good luck though, I admire your balls, and I thought I was risky putting $900 into 3 x BFL 5 g/h miners (15G/H) to arrive this side of Xmas.

M


Title: Re: Block Erupter USB Porn Pt. II
Post by: Xian01 on June 02, 2013, 08:19:15 PM
To big a gamble to stake way over $12k on. Good luck though, I admire your balls, and I thought I was risky putting $900 into 3 x BFL 5 g/h miners (15G/H) to arrive this side of Xmas.

 I've calculated I will make back the BTC  spent on this outlay within the next 120 days, even accounting for difficulty increases (And to be clear, am reinvesting previously mined BTC accrued over the last couple years)

 Am OK with that.


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on June 02, 2013, 08:24:42 PM
I think he is fine.


Title: Re: Block Erupter USB Porn Pt. II
Post by: Rampion on June 02, 2013, 08:53:47 PM
To big a gamble to stake way over $12k on. Good luck though, I admire your balls, and I thought I was risky putting $900 into 3 x BFL 5 g/h miners (15G/H) to arrive this side of Xmas.

 I've calculated I will make back the BTC  spent on this outlay within the next 120 days, even accounting for difficulty increases (And to be clear, am reinvesting previously mined BTC accrued over the last couple years)

 Am OK with that.

I've tried to run the numbers but the very best case scenario I've calculated for your setup is break even in aprox. 200 days, and that with a ridiculously optimistic 0.5 yearly profitability decline (which means that in the next 12 months difficulty would only double, and we know that won't happen).

Could you share your numbers, Xian? I'm very curious about them.


Title: Re: Block Erupter USB Porn Pt. II
Post by: Xian01 on June 02, 2013, 09:30:36 PM
Could you share your numbers, Xian? I'm very curious about them.

Admittedly, I suck at math, so it's quite possible I'm off my a couple weeks with my ROI estimates.

The 120 day figure is based on my current extrapolations, considering that my existing, paid-for operation, already brings in x BTC per pay, I'm going to be getting x + ~1 BTC more per day for the next little while just with these additional ASICs.

I hope you can appreciate me being intentionally vague.


Title: Re: [Announcement] Block Erupter USB
Post by: joae1975 on June 02, 2013, 09:35:43 PM
Don't worry guys, when the global currently crisis occurs, bitcoin will skyrocket, as will gold/silver.


Title: Re: Block Erupter USB Porn Pt. II
Post by: person on June 02, 2013, 09:36:34 PM
Could you share your numbers, Xian? I'm very curious about them.

Admittedly, I suck at math, so it's quite possible I'm off my a couple weeks with my ROI estimates.

The 120 day figure is based on my current extrapolations, considering that my existing, paid-for operation, already brings in x BTC per pay, I'm going to be getting x + ~1 BTC more per day for the next little while just with these additional ASICs.

I hope you can appreciate me being intentionally vague.

Maybe you are not THAT off in your ROI estimates if the ebay post announcing this setup (using your picture) keeps going higher ( and IF it's your post anyways :) )


Title: Re: Block Erupter USB Porn Pt. II
Post by: Xian01 on June 02, 2013, 09:39:03 PM
Maybe you are not THAT off in your ROI estimates if the ebay post announcing this setup (using your picture) keeps going higher ( and IF it's your post anyways :) )

I don't keep up with eBay listings. A user approached me about using my images. Said sure why not.


Title: Re: [Announcement] Block Erupter USB
Post by: GuiltySpark343 on June 02, 2013, 11:32:22 PM
I ran some numbers assuming difficulty increases by 10% every 2 weeks, which roughly translates into profit declines by 10% every 2 weeks.

Given these parameters (and not counting USB hub, fans, electricity), if you bought a USB Erupter for 1.99 BTC and started mining right at the start of the last difficulty increase, in about 1 year of constant mining that miner would have made 1.807 BTC (ie. you would still be behind by 0.183 BTC).

End of week #   Daily BTC   2 week total   Running Total
2   0.0138   0.1932   0.1932
4   0.0124   0.1739   0.3671
6   0.0112   0.1565   0.5236
8   0.0101   0.1408   0.6644
10   0.0091   0.1268   0.7912
12   0.0081   0.1141   0.9053
14   0.0073   0.1027   1.0079
16   0.0066   0.0924   1.1003
18   0.0059   0.0832   1.1835
20   0.0053   0.0748   1.2584
22   0.0048   0.0674   1.3257
24   0.0043   0.0606   1.3863
26   0.0039   0.0546   1.4409
28   0.0035   0.0491   1.4900
30   0.0032   0.0442   1.5342
32   0.0028   0.0398   1.5740
34   0.0026   0.0358   1.6098
36   0.0023   0.0322   1.6420
38   0.0021   0.0290   1.6710
40   0.0019   0.0261   1.6971
42   0.0017   0.0235   1.7206
44   0.0015   0.0211   1.7417
46   0.0014   0.0190   1.7608
48   0.0012   0.0171   1.7779
50   0.0011   0.0154   1.7933
52   0.0010   0.0139   1.8072


Title: Re: [Announcement] Block Erupter USB
Post by: muyuu on June 03, 2013, 12:32:19 AM
I ran some numbers assuming difficulty increases by 10% every 2 weeks, which roughly translates into profit declines by 10% every 2 weeks.

Given these parameters (and not counting USB hub, fans, electricity), if you bought a USB Erupter for 1.99 BTC and started mining right at the start of the last difficulty increase, in about 1 year of constant mining that miner would have made 1.807 BTC (ie. you would still be behind by 0.183 BTC).

Amortisation in even 2 years is still good enough. You could have continued the loop to see when did it hit break-even :P if ever.


Title: Re: Block Erupter USB Porn Pt. II
Post by: Gamah on June 03, 2013, 12:44:22 AM

So lets forecast from there shall we! Starting @ 0.0104 BTC and $1.27 profit a day for the first 10 days. 1 month profit $38.  3 month profit $90. 1 year profit $155!

M

And $155 * 45 devices = $6975 presuming the price of bitcion doesn't go up.. (why wouldn't it?) what if it rises to ~250/coin stabily? then his profit margin is that much higher.

Or we can even use some psuedo-math and presume that it will generate about 79 cents/hour 24/7/365 at the current price and assuming your difficulty increases.

Takes money to make money.


Title: Re: [Announcement] Block Erupter USB
Post by: joae1975 on June 03, 2013, 12:44:43 AM
I ran some numbers assuming difficulty increases by 10% every 2 weeks, which roughly translates into profit declines by 10% every 2 weeks.

Given these parameters (and not counting USB hub, fans, electricity), if you bought a USB Erupter for 1.99 BTC and started mining right at the start of the last difficulty increase, in about 1 year of constant mining that miner would have made 1.807 BTC (ie. you would still be behind by 0.183 BTC).

Amortisation in even 2 years is still good enough. You could have continued the loop to see when did it hit break-even :P if ever.
Question, did the ROI predictions come true when BTC went from CPU to GPU?  Were those questions asked back then?  I feel many ASICs sold will never be put to use, many will be constantly sold over and over again.


Title: Re: [Announcement] Block Erupter USB
Post by: klondike_bar on June 03, 2013, 12:48:39 AM
I ran some numbers assuming difficulty increases by 10% every 2 weeks, which roughly translates into profit declines by 10% every 2 weeks.

Given these parameters (and not counting USB hub, fans, electricity), if you bought a USB Erupter for 1.99 BTC and started mining right at the start of the last difficulty increase, in about 1 year of constant mining that miner would have made 1.807 BTC (ie. you would still be behind by 0.183 BTC).

Amortisation in even 2 years is still good enough. You could have continued the loop to see when did it hit break-even :P if ever.

the problem is that if it pays off in 1year, during the next entire year it may only pay an additional ~0.6BTC. The next year you would probably make next to nothing.

further, the actual hardware cost of these is much less than 2btc. 1BTC is a more fair price to invest at IMO


Title: Re: Block Erupter USB Porn
Post by: seleme on June 03, 2013, 01:19:48 AM

That's what we all should have in our rooms if AM decided to not rape people with price but to give something to the network too.


Title: Re: [Announcement] Block Erupter USB
Post by: Cranky4u on June 03, 2013, 05:30:54 AM
For those living under a rock...are erupters still available?


Title: Re: Block Erupter USB Porn
Post by: Kinetic915 on June 03, 2013, 05:47:17 AM

That's what we all should have in our rooms if AM decided to not rape people with price but to give something to the network too.

dropped around 11 grand there? whew....


Title: Re: [Announcement] Block Erupter USB
Post by: kosmokramer on June 03, 2013, 08:05:08 AM
These are some damn sexy pieces of hardware. In an attempt to end preorder nightmares, I took it upon myself to order an entire batch from friedcat up front with 100% my own funds, and I'm selling them all in the US. If you order from me (see my signature), you can expect same-day shipment if ordered before noon. I even try my best to entertain color requests!! I must say I was very impressed with the hardware itself though - it feels like it was designed by Apple - brushed aluminum heatsink, arrives in a custom designed plastic case with foam insulation ensuring safe delivery.

I gotta be honest, I'm having a really hard time selling these things - I truly feel like they will be collectors items some day. My wife said I can keep one of each color so perhaps that's good enough ... for now.

Anyway, if you are in the US and have an itch for one, I guarantee you that you're gonna love it and if you go to the link in my sig, you will find no other way to get one quicker at a reasonable price! Group buys take a while (my brother is STILL waiting for his that he ordered a couple weeks ago)!


Title: Re: Block Erupter USB Porn Pt. II
Post by: markyminer on June 03, 2013, 03:11:01 PM

So lets forecast from there shall we! Starting @ 0.0104 BTC and $1.27 profit a day for the first 10 days. 1 month profit $38.  3 month profit $90. 1 year profit $155!

M

And $155 * 45 devices = $6975 presuming the price of bitcion doesn't go up.. (why wouldn't it?) what if it rises to ~250/coin stabily? then his profit margin is that much higher.

Takes money to make money.

No gaurentee bitcoin will rise at all in the next 2-3 years. It's a risky business model that relies on increasing prices it can't control to make an investment work. It's a bit like starting a prefab roof construction company that will only make money if house prices and thus the component cost of building houses doubles in the next few years. All forcasting i see only ever accounts for prices rises within RPI or CPI inflation (which is fiddled down).

My company would fund several new dopots to open today if it could gaurentee selling prices of goods bought today would double in price over the next few years!

Like i said I have my risk based on a BFL product to hopefully be delivered this side of Xmas but I factored in a X 10 increase of difficulty (8m to 80m) from the date of order before I commited cash and it still had an ROI good enough in under 5 months @ 30% increase a month.

For sure with human nature this ASIC thing will grow and grow exponetially, as will the difficulty until the BTC earned is less than a $0.01 /kwh and anyone who pays for electricity (this includes all the current big players) are forced to stop mining.

Will be interesting to see at that point if the price rises to respond or if network hashrate just comes offline until the difficulty drops but the transition between these two will mean transactions will crawl along.

This is already happening with Litecoin where low effeiciency GPUs are no longer making money vs power and high efficiency ones like the 7950 are now making less profit that BTC direct but this price is not rising to compensate. I expect a huge drop off of LTC hashing in the next few months unless the price $ rises a lot.

M   


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on June 03, 2013, 03:21:54 PM
Difficulty to BTC-Price comparison: http://www.bitcoinx.com/charts/


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on June 03, 2013, 04:30:26 PM
will get one soon, need to get some food!

 edit: I guess a photo only takes a min - http://i44.tinypic.com/2q2lgsp.jpg

I know have 7 hubs up and running :) that is 66 erupters :) I would have another hub hooked up but it appears the power source does not work!!!! bad anker(came direct)  >:( >:( >:(


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on June 03, 2013, 04:49:57 PM
make that 77 erupters via 8 USB ubs :)


Title: Re: [Announcement] Block Erupter USB
Post by: LazyOtto on June 03, 2013, 07:35:35 PM
make that 77 erupters via 8 USB ubs :)
What is the range of hw errors as a percent of accepted shares that you're getting, please?

On my working one it is running at about 0.9%. (IIRC, several other folks have reported getting about a 1% hw error rate.)

One which is now dead and in the process of getting replaced ran at about 10% hw errors for roughly eight hours. Then it died.

-- edit

NOTE: I had a fan blowing over them. They were both 'warm to the touch'. Not the 'freaking hot' you encounter without active cooling.


Title: Re: [Announcement] Block Erupter USB
Post by: bystander on June 03, 2013, 09:01:12 PM
make that 77 erupters via 8 USB ubs :)

Great to hear that you've got the rest running now!  Did you end up running the rest on a second machine (mac)?


Title: Re: [Announcement] Block Erupter USB
Post by: mdude77 on June 03, 2013, 09:19:57 PM
make that 77 erupters via 8 USB ubs :)
What is the range of hw errors as a percent of accepted shares that you're getting, please?

On my working one it is running at about 0.9%. (IIRC, several other folks have reported getting about a 1% hw error rate.)

One which is now dead and in the process of getting replaced ran at about 10% hw errors for roughly eight hours. Then it died.

-- edit

NOTE: I had a fan blowing over them. They were both 'warm to the touch'. Not the 'freaking hot' you encounter without active cooling.

I'm getting about 1.1% HW errors across my 7.

M


Title: Re: [Announcement] Block Erupter USB
Post by: SmiGueL on June 03, 2013, 09:50:45 PM
would love to add another 2 racks to that photo for ya!

make that 77 erupters via 8 USB hubs :)

Would love to see photos of that too!  8)


Title: Re: [Announcement] Block Erupter USB
Post by: joae1975 on June 03, 2013, 10:01:51 PM
Anker's probably like, "Why the sudden rush in worldwide hub orders?"  Haha!!


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on June 03, 2013, 10:06:19 PM
will get a pic up soon


Title: Re: [Announcement] Block Erupter USB
Post by: dnaleor on June 03, 2013, 10:26:10 PM
Anker's probably like, "Why the sudden rush in worldwide hub orders?"  Haha!!

lol  :D


Title: Re: [Announcement] Block Erupter USB
Post by: nubbins on June 03, 2013, 10:28:40 PM
Anker's probably like, "Why the sudden rush in worldwide hub orders?"  Haha!!

lol  :D

someone should tell them before they ramp up production ;)

...or maybe... they'd just slap BTC COMPATIBLE on the box!


Title: Re: [Announcement] Block Erupter USB
Post by: CanadianGuy on June 03, 2013, 11:48:40 PM
What kind of cooling should I aim for with 50 of these bad boys?  Keep in mind my #1 concern is noise level.  It may be very close to a child's room and I don't want it to be noisy.  The house does not have A/C.  Although I live in Canada, our 2-3 months of summer can still be scorching hot.   8)


Title: Re: [Announcement] Block Erupter USB
Post by: LazyOtto on June 04, 2013, 02:12:48 AM
... I live in Canada, our 2-3 months of summer can still be scorching hot.   8)
Uh, NOT.  ;)

scorch  (skôrch)
1. To burn superficially so as to discolor or damage the texture of. See Synonyms at burn1.
2. To wither or parch with intense heat.
3. To destroy (land and buildings) by or as if by fire so as to leave nothing salvageable to an enemy army.


Title: Re: [Announcement] Block Erupter USB
Post by: daemondazz on June 04, 2013, 04:47:39 AM
scorch  (skôrch)
1. To burn superficially so as to discolor or damage the texture of. See Synonyms at burn1.

Yep, 40-45­°C for 3 months here in central Australia will do that :)


Title: Re: Block Erupter USB Porn Pt. II
Post by: Chuck on June 04, 2013, 06:58:34 AM
OMG .Fools and their money!  When this was announced difficultly was under 10m and network hashrate under 80t/h.  Now you've got them it's 12m (+20%) and network hashrate is 100t/h+ . In under 3 days difficulty will hit 14.4m.  So thats a 44% increase in diffuclty in 5 weeks, around the 30% + a month I predicted.

All of this is true, but these people are helping secure the bitcoin network by adding to the network hashrate. We should be encouraging this kind of behavior ;)


Title: Re: Block Erupter USB Porn Pt. II
Post by: Shevek on June 04, 2013, 07:29:52 AM
OMG .Fools and their money!  When this was announced difficultly was under 10m and network hashrate under 80t/h.  Now you've got them it's 12m (+20%) and network hashrate is 100t/h+ . In under 3 days difficulty will hit 14.4m.  So thats a 44% increase in diffuclty in 5 weeks, around the 30% + a month I predicted.

All of this is true, but these people are helping secure the bitcoin network by adding to the network hashrate. We should be encouraging this kind of behavior ;)

This is a common fallacy in bitcoin propaganda. There is no secure bonus with higher hashrates. The network keeps secure by an adequate balance of difficulty and hashrate. And this balance is guaranteed by the algorithm, not the miners.


Title: Re: [Announcement] Block Erupter USB
Post by: kinitex on June 04, 2013, 07:35:57 AM
This has the worst Mhash/$ ratio of any asic device out there at 1.22Mh/s per $1. The runner up is asicminer's erupter blade at 1.87Mh/s per $1.

How do they get away with it? Because it's basically the only form of asic being shipped without a pre-order...


Title: Re: [Announcement] Block Erupter USB
Post by: Buddytronic on June 04, 2013, 09:21:08 AM
This has the worst Mhash/$ ratio of any asic device out there at 1.22Mh/s per $1. The runner up is asicminer's erupter blade at 1.87Mh/s per $1.

How do they get away with it? Because it's basically the only form of asic being shipped without a pre-order...


I think it's a big novelty factor - these things are selling on Ebay for $400 at the moment.


Title: Re: [Announcement] Block Erupter USB
Post by: klondike_bar on June 04, 2013, 12:02:09 PM
This has the worst Mhash/$ ratio of any asic device out there at 1.22Mh/s per $1. The runner up is asicminer's erupter blade at 1.87Mh/s per $1.

How do they get away with it? Because it's basically the only form of asic being shipped without a pre-order...

yup. i give them full credit for finding a price people ill pay and selling at that price like they are. I wont invest for another month till we see some competition push things past 2Mh/s per $ on a small scale or 4Mh/s per $ on a larger scale. There will be intersecting curves of supply, demand, and technology that will see an 'ideal' moment for quick ROI and lasting profits past 2 years of use (the block erupter USB will take 7-14mos to ROI, and would be incredibly lucky if it ever made a 100% gain in the 2 years following).


im thinking this nice little point in time is about a month or 2 away, and will consist of avalon chips being made into avalon knockoffs and the k1/k16/k64 style boards, plus a newer version from asicminer that is faster and better priced to the market.

 If i cannot make my money back with a unit in 6 months from the day i receive it (not place an order or first see it on sale), then the design doesn't interest me. If a system returns its cost in 6 months, you could see another 100% profit after about another 10-18 months, and after that (2years) the device will make little more then the electricity it costs and may even have burnt out or failed already.


Title: Re: [Announcement] Block Erupter USB
Post by: nubbins on June 04, 2013, 12:39:40 PM
I think it's a big novelty factor - these things are selling on Ebay for $400 at the moment.

This is precisely why I bought ten of these things. It's REALLY easy to make ROI if you end up with 4 units at zero cost :)


Title: Re: Block Erupter USB Porn Pt. II
Post by: bigbeninlondon on June 04, 2013, 01:04:57 PM
OMG .Fools and their money!  When this was announced difficultly was under 10m and network hashrate under 80t/h.  Now you've got them it's 12m (+20%) and network hashrate is 100t/h+ . In under 3 days difficulty will hit 14.4m.  So thats a 44% increase in diffuclty in 5 weeks, around the 30% + a month I predicted.

All of this is true, but these people are helping secure the bitcoin network by adding to the network hashrate. We should be encouraging this kind of behavior ;)

This is a common fallacy in bitcoin propaganda. There is no secure bonus with higher hashrates. The network keeps secure by an adequate balance of difficulty and hashrate. And this balance is guaranteed by the algorithm, not the miners.

Disagree.  51% becomes more and more difficult the more hashrate + higher distribution.  The safety factor is in high hash rate + high rate of decentralization.  So when an individual plugs in 300 MH/s, they are raising the hashrate and decentralizing the network a little.  This is not a common fallacy, it's common knowledge.


Title: Re: Block Erupter USB Porn Pt. II
Post by: Shevek on June 04, 2013, 01:32:09 PM

All of this is true, but these people are helping secure the bitcoin network by adding to the network hashrate. We should be encouraging this kind of behavior ;)

This is a common fallacy in bitcoin propaganda. There is no secure bonus with higher hashrates. The network keeps secure by an adequate balance of difficulty and hashrate. And this balance is guaranteed by the algorithm, not the miners.

Disagree.  51% becomes more and more difficult the more hashrate + higher distribution. 

I agree with higher distribution.

But not with higher hashrates. In fact, now we are in much more higher risks of 51% attack due to the almost centralised production of ASICs. If some ASIC maker would take over bitcoin the cards are on her hand.


Title: Re: [Announcement] Block Erupter USB
Post by: nubbins on June 04, 2013, 01:37:15 PM
Yep, 40-45­°C for 3 months here in central Australia will do that :)

It gets that hot in Ottawa in the summer... but with humidity ;)


Title: Re: Block Erupter USB Porn Pt. II
Post by: bigbeninlondon on June 04, 2013, 01:41:56 PM

All of this is true, but these people are helping secure the bitcoin network by adding to the network hashrate. We should be encouraging this kind of behavior ;)

This is a common fallacy in bitcoin propaganda. There is no secure bonus with higher hashrates. The network keeps secure by an adequate balance of difficulty and hashrate. And this balance is guaranteed by the algorithm, not the miners.

Disagree.  51% becomes more and more difficult the more hashrate + higher distribution. 

I agree with higher distribution.

But not with higher hashrates. In fact, now we are in much more higher risks of 51% attack due to the almost centralised production of ASICs. If some ASIC maker would take over bitcoin the cards are on her hand.


True.  Which is why it's a combination of high hashrate plus high distribution.  If you have low hashrate and high distribution, it's easy to take 51%.  If you have high hashrate but low distribution, then it's also easy to take 51%.  You need HIGH hashrate AND HIGH distribution.  Only both makes it secure.


Title: Re: [Announcement] Block Erupter USB
Post by: FiatKiller on June 04, 2013, 01:49:42 PM
People are buying them for the power savings, both in the sense of saving money and being able to add more hashrate then you otherwise could on your house circuits. Much smarter than the GPU route. Heck, you can run one on your work PC unaware to anyone else. 


Title: Re: [Announcement] Block Erupter USB
Post by: mdude77 on June 04, 2013, 02:14:43 PM
Heck, you can run one on your work PC unaware to anyone else. 

While visibly true, it's not recommended.  The different network traffic should raise suspicions and any good IT dept should know what USB devices are being used or be blocking "unsanctioned" USB devices from being used on PCs.  333mh/s isn't worth your job.

M


Title: Re: [Announcement] Block Erupter USB
Post by: radiumsoup on June 04, 2013, 02:21:40 PM
Heck, you can run one on your work PC unaware to anyone else. 

While visibly true, it's not recommended.  The different network traffic should raise suspicions and any good IT dept should know what USB devices are being used or be blocking "unsanctioned" USB devices from being used on PCs.  333mh/s isn't worth your job.

M
Most places don't have a good IT department ;)

/IT pro for 15 years, now turned consultant


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on June 04, 2013, 02:27:42 PM
Maybe depending on the country you live in. Haven't seen a workplace where port 8332 would be allowed in 10 years as a consultant. But I am pretty sure a pool on 443 or 80 will work. Oh and what about admin rights to install the drivers??


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on June 04, 2013, 02:38:52 PM
2.5W, so around 1.9 kWh per month. Like 50 Eurocent in Germany.


Title: Re: [Announcement] Block Erupter USB
Post by: daemondazz on June 04, 2013, 02:39:55 PM
2.5W, so around 1.9 kWh per month. Like 50 Eurocent in Germany.

For me it's also about spreading out the network load a bit, I don't want all my hashing power at home in case of power or network outage, all of my family members have small file servers, so (with permission!) I have redundancy in my hashing power.


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on June 04, 2013, 02:48:22 PM
Because it happens soooo often, right ;)


Title: Re: [Announcement] Block Erupter USB
Post by: turtle83 on June 04, 2013, 02:54:23 PM
all of my family members have small file servers

Sounds like a fun family to be a member of..


Title: Re: [Announcement] Block Erupter USB
Post by: daemondazz on June 04, 2013, 02:57:52 PM
Because it happens soooo often, right ;)

Well, the power here is reasonably reliable, only about 3 outages lasting more than 20 minutes or so in the 5 years we've been here - the ADSL on the other hand is completely crap, so, yes, it does!


Title: Re: [Announcement] Block Erupter USB
Post by: FiatKiller on June 04, 2013, 03:04:28 PM
Heck, you can run one on your work PC unaware to anyone else. 

While visibly true, it's not recommended.  The different network traffic should raise suspicions and any good IT dept should know what USB devices are being used or be blocking "unsanctioned" USB devices from being used on PCs.  333mh/s isn't worth your job.

M

I AM the IT dept!  lol  I do agree for most users though.


Title: Re: [Announcement] Block Erupter USB
Post by: mdude77 on June 04, 2013, 03:05:26 PM
Heck, you can run one on your work PC unaware to anyone else. 

While visibly true, it's not recommended.  The different network traffic should raise suspicions and any good IT dept should know what USB devices are being used or be blocking "unsanctioned" USB devices from being used on PCs.  333mh/s isn't worth your job.

M

I AM the IT dept!  lol  I do agree for most users though.

Still.. I stand by my statement, 333mh/s isn't worth your job.

M


Title: Re: [Announcement] Block Erupter USB
Post by: radiumsoup on June 04, 2013, 03:12:05 PM
Maybe depending on the country you live in. Haven't seen a workplace where port 8332 would be allowed in 10 years as a consultant. But I am pretty sure a pool on 443 or 80 will work. Oh and what about admin rights to install the drivers??

I'll certainly give you admin rights (didn't realize these required non-standard drivers), but in my experience, even with some very large corporations I've dealt with, most companies do not block outbound traffic but instead rely on traffic analysis at the gateway to determine inbound threats. The key here is to remember that most companies are not "very large corporations". Most companies are under 500 seats, and use off-the-shelf components with default settings, configured only minimally for their own use case, such as a VPN. And rarely do I come upon any medium-sized company (and never once a smaller one of <100) with an IT group "good" enough to block all outbound traffic by default. It all comes down to management's willingness to allow employees to do things on company systems - and most of the time, they don't care as long as it's not porn or filesharing. See: the rising popularity of BYOD.


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on June 04, 2013, 03:14:16 PM
Ok, maybe for small companies. The smallest I worked for was 1500 employees, the biggest 250000.


Title: Re: [Announcement] Block Erupter USB
Post by: radiumsoup on June 04, 2013, 03:24:32 PM
Ok, maybe for small companies. The smallest I worked for was 1500 employees, the biggest 250000.
I once worked at a Fortune 100 biotech company where intellectual property was a primary asset and they didn't block outbound traffic, nor did they monitor use of USB devices like thumb drives to prevent theft of data. At the other end of the spectrum, I also currently work with a company of just 40 people that goes so far as to literally unsolder WiFi and Bluetooth components in company laptops to prevent use of wireless snooping by neighbors in the office complex (this is my favorite client to visit, btw, they're an engineering and robotics lab)... so there is definitely a large variance in paranoia levels out there ;)


Title: Re: Block Erupter USB Porn Pt. II
Post by: Shevek on June 04, 2013, 03:57:37 PM

All of this is true, but these people are helping secure the bitcoin network by adding to the network hashrate. We should be encouraging this kind of behavior ;)

This is a common fallacy in bitcoin propaganda. There is no secure bonus with higher hashrates. The network keeps secure by an adequate balance of difficulty and hashrate. And this balance is guaranteed by the algorithm, not the miners.

Disagree.  51% becomes more and more difficult the more hashrate + higher distribution. 

I agree with higher distribution.

But not with higher hashrates. In fact, now we are in much more higher risks of 51% attack due to the almost centralised production of ASICs. If some ASIC maker would take over bitcoin the cards are on her hand.


True.  Which is why it's a combination of high hashrate plus high distribution.  If you have low hashrate and high distribution, it's easy to take 51%.  If you have high hashrate but low distribution, then it's also easy to take 51%.  You need HIGH hashrate AND HIGH distribution.  Only both makes it secure.

In fact, there is no such things "low/high hashrates". Low, high... compared to what!? In every moment you have the hashrate the actual technology allows, so it is evenly difficult to take 51% whatever the hashrate is.


Title: Re: [Announcement] Block Erupter USB
Post by: bigbeninlondon on June 04, 2013, 04:58:37 PM
Low compared to the potential at the time.  When Bitcoin was in its infancy, one supercomputer could have wiped it out.  The network had a low hashrate at that time.  The hashrate is now such that a large number of supercomputers together still couldn't compete with the network, so the hashrate is much higher.  With ASICs, it will even be higher, such that the only way to 51% is to either be centralized or to obtain specialized chips in extreme quantity (as opposed to utilizing existing powerful hardware).  At the moment, the hashrate is very high.  When ASICs flood the market, today's hashrate will be very low comparatively.  Low and High are definitely relative; but that doesn't make them meaningless.


Title: Re: [Announcement] Block Erupter USB
Post by: bitcoindaddy on June 04, 2013, 06:08:25 PM
I wonder why the "spikey" heat sink was replaced with a flat piece of aluminum?  Wouldn't the spikey one conduct heat away from the device better?  Or perhaps it didn't make any different during testing?  It wouldn't even be an issue except for the 1-2 percent hardware errors that they get. Maybe someone can sell us an after-market heatsink.


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on June 04, 2013, 06:40:03 PM
I get around 1 HW error per 1-2 hours.


Title: Re: [Announcement] Block Erupter USB
Post by: af_newbie on June 04, 2013, 07:26:37 PM
I get around 1 HW error per 1-2 hours.

What h/w error percentage are you guys getting?  I'm running bfgminer 3.0.2 and I'm getting 0-6%, most of them are around 2-3%, with one stick hovering just under 6%.


Title: Re: [Announcement] Block Erupter USB
Post by: bigbeninlondon on June 04, 2013, 07:40:27 PM
I get around 1 HW error per 1-2 hours.

What h/w error percentage are you guys getting?  I'm running bfgminer 3.0.2 and I'm getting 0-6%, most of them are around 2-3%, with one stick hovering just under 6%.

I'm hovering at 1% almost precisely.


Title: Re: [Announcement] Block Erupter USB
Post by: SpaceCadet on June 04, 2013, 07:52:51 PM
Has anyone tried using a BE for sha altcoins like terracoin or ppcoin?  Just curious how well it performs on other (non-scrypt) blockchains...


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on June 04, 2013, 08:03:46 PM
I get around 1 HW error per 1-2 hours.

What h/w error percentage are you guys getting?  I'm running bfgminer 3.0.2 and I'm getting 0-6%, most of them are around 2-3%, with one stick hovering just under 6%.

A:357  R:3  HW:4

Less than 1% with cgminer


Title: Re: [Announcement] Block Erupter USB
Post by: bitcoindaddy on June 04, 2013, 08:31:42 PM
I get around 1 HW error per 1-2 hours.

What h/w error percentage are you guys getting?  I'm running bfgminer 3.0.2 and I'm getting 0-6%, most of them are around 2-3%, with one stick hovering just under 6%.

A:357  R:3  HW:4

Less than 1% with cgminer


My wizard-like math skills says otherwise...  you have slightly more than 1 percent.


Edit:  I have 1.7% hardware errors after letting them run for a day.


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on June 04, 2013, 09:34:05 PM
FWIW, seems my Emerald is dead already.
It's regressed to over 95% hardware errors despite having plenty of constant external cooling for a while now.
Hoping my Sapphire lasts longer...


Title: Re: [Announcement] Block Erupter USB
Post by: tidus_13 on June 04, 2013, 10:03:36 PM
FWIW, seems my Emerald is dead already.
It's regressed to over 95% hardware errors despite having plenty of constant external cooling for a while now.
Hoping my Sapphire lasts longer...


...the Emerald had a heatsink?

you also got a Sapphire? they must be very similar instead mA


Title: Re: [Announcement] Block Erupter USB
Post by: Rant2112 on June 04, 2013, 10:05:35 PM
I'm getting about 3% errors.


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on June 04, 2013, 10:16:34 PM
FWIW, seems my Emerald is dead already.
It's regressed to over 95% hardware errors despite having plenty of constant external cooling for a while now.
Hoping my Sapphire lasts longer...
...the Emerald had a heatsink?
Emeralds don't have heatsinks.

Update: Stuck it in the freezer for 15 mins, it got 1 good nonce immediately after I plugged it in, but doesn't seem to be working any better. :(

Update 2: Looks like it might be related to the excess power demands of the Emerald... switching to another USB hub works fine for now.


Title: Re: [Announcement] Block Erupter USB
Post by: bitcoindaddy on June 05, 2013, 12:23:43 AM
I also noticed that the things get so hot the silkscreened logo is tacky (sticky) to the touch. Not complaining - I love the little things.

I wonder if friedcat can tell us if the heatsinks shown in some of the original photos were custom made or can they be ordered somewhere?
The ones with the fins like this:

http://i39.tinypic.com/10hlifk.jpg


Title: Re: [Announcement] Block Erupter USB
Post by: Naelr on June 05, 2013, 12:42:25 AM
I also noticed that the things get so hot the silkscreened logo is tacky (sticky) to the touch. Not complaining - I love the little things.

I wonder if friedcat can tell us if the heatsinks shown in some of the original photos were custom made or can they be ordered somewhere?
The ones with the fins like this:

http://i39.tinypic.com/10hlifk.jpg


Hell make your own... I took the metal plate off it just requires some screw holes drilled in the proper place and tapped out with a tap/die set.  It isn't glued or stuck to the board in anyway except for the plastic screws.  Or take an old cpu heat sink and grind it down... I am looking for an adequate one at this very minute.


Right now I have a 120 mm case fan blowing across my 2 and they are cold to the touch.

Naelr


Title: Re: [Announcement] Block Erupter USB
Post by: Naelr on June 05, 2013, 12:43:39 AM
This has the worst Mhash/$ ratio of any asic device out there at 1.22Mh/s per $1. The runner up is asicminer's erupter blade at 1.87Mh/s per $1.

How do they get away with it? Because it's basically the only form of asic being shipped without a pre-order...


I think it's a big novelty factor - these things are selling on Ebay for $400 at the moment.

I bought 3 of these in the first group buy and sold one on Ebay today for $450. so it paid for 2... I am happy hahahah

Naelr


Title: Re: [Announcement] Block Erupter USB
Post by: HTML5 Gordon on June 05, 2013, 01:20:55 AM

Right now I have a 120 mm case fan blowing across my 2 and they are cold to the touch.

Same here, but I just have a 92mm USB fan blowing on mine (plugged into the same hub).  Amazingly cool to the touch.  When I first ran without the fan, it got so hot I could barely touch it.  Makes all the difference in the world.


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on June 05, 2013, 06:02:07 AM
A:357  R:3  HW:4
Less than 1% with cgminer
My wizard-like math skills says otherwise...  you have slightly more than 1 percent.

*ashamed*


Title: Re: [Announcement] Block Erupter USB
Post by: mr_john on June 05, 2013, 06:18:15 AM
pic from yesterday: 5 of them hashing happily together with a Jalapeno  :D
(unfortunately not mine):

https://photos-1.dropbox.com/t/0/AABxruyM8Jn6VsF961EEK10axZ8BSzIzxhZJ2uyzoUyo6g/12/16898473/jpeg/32x32/3/1370419200/0/2/IMG_20130604_211328.jpg/YQjSx9wBVQFWnrdhvNHVnEk0As3tDNfMUYiL7QpdLV8?size=1024x768

[edit]
and here another one:
https://photos-4.dropbox.com/t/0/AABewHEh2Thd7ivSFkdbmrg2u3F5NhnZI3_FHiPkXwX3Pw/12/16898473/jpeg/32x32/3/1370419200/0/2/IMG_20130604_211719.jpg/JuEC4GQnFRCHMyIpyfKz1JyHpSe8jt6IY92ds0BHJYM?size=1024x768

Pictures taken yesterday in Hackerspace Metalab in Vienna (as Austrian group buy package arrived) :)


Title: Re: [Announcement] Block Erupter USB
Post by: LogicalUnit on June 05, 2013, 06:30:52 AM
What USB hub is being used in that setup?


Title: Re: [Announcement] Block Erupter USB
Post by: mr_john on June 05, 2013, 06:34:39 AM
What USB hub is being used in that setup?
That's this one here:
http://www.digitus.info/produkte/zubehoer/usb-hubs/usb-20-7-port-hub-da-70222/

It's a 7-port hub, but I've only tested it with 5 eruptors (and 7 Eruptors won't fit as the ports on the side are to near to each other).
I got it here in Vienna in a local computer store for 15 Euros.

(see also: http://geizhals.at/digitus-7-port-usb-2-0-hub-da-70222-a852140.html )

[edit]
Works also on my raspberry pi! (running stable for about 12 hours now)
[/edit]


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on June 05, 2013, 06:37:55 AM
My Testsetup: Guruplug Server (modded with active cooling and battery pack) and BE USB Miner with USB-Fan (homebrew):

http://www.abload.de/image.php?img=5rujv.jpg
http://www.abload.de/image.php?img=ucsfo.jpg

(5s):571.4M (avg):332.2Mh/s | A:2476  R:11  HW:42  U:4.0/m  WU:4.1/m


Title: Re: [Announcement] Block Erupter USB
Post by: LogicalUnit on June 05, 2013, 06:41:11 AM
What USB hub is being used in that setup?
That's this one here:
http://www.digitus.info/produkte/zubehoer/usb-hubs/usb-20-7-port-hub-da-70222/

It's a 7-port hub, but I've only tested it with 5 eruptors (and 7 Eruptors won't fit as the ports on the side are to near to each other).
I got it here in Vienna in a local computer store for 15 Euros.

(see also: http://geizhals.at/digitus-7-port-usb-2-0-hub-da-70222-a852140.html )

[edit]
Works also on my raspberry pi! (running stable for about 12 hours now)
[/edit]

Good to know, but it's tough for me to get in Australia.


Title: Re: [Announcement] Block Erupter USB
Post by: mr_john on June 05, 2013, 07:28:48 AM
here are some more pictures from yesterday (Austrian group buy device distribution.. :))
https://www.dropbox.com/sc/4q1p29fbp9bawu6/T8tkDUvOJ0#/


Title: Re: Block Erupter USB Porn Pt. II
Post by: markyminer on June 05, 2013, 06:38:25 PM
OMG .Fools and their money!  When this was announced difficultly was under 10m and network hashrate under 80t/h.  Now you've got them it's 12m (+20%) and network hashrate is 100t/h+ . In under 3 days difficulty will hit 14.4m.  So thats a 44% increase in diffuclty in 5 weeks, around the 30% + a month I predicted.

So lets forecast from there shall we! Starting @ 0.0104 BTC and $1.27 profit a day for the first 10 days. 1 month profit $38.  3 month profit $90. 1 year profit $155!

you will never make a ROI.

To big a gamble to stake way over $12k on. Good luck though, I admire your balls, and I thought I was risky putting $900 into 3 x BFL 5 g/h miners (15G/H) to arrive this side of Xmas.

M

Ouch. difficulty just jumped from 12m to a whopping 15.6m. That is a huge jump obviously catching up to nework hashrate jump to 113 T/H. just run the numbers again and from today the block eruptor is only making 0.00966 btc a day and forecast to only make a total 1.2 btc in 1 years time!

Ouch. (again).

https://bitclockers.com/calc

M


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on June 05, 2013, 07:51:46 PM
That is 2.4 BTC in 24 months, in other words 20%! Thats great! I get 1% at my bank! Loving it!!!


Title: Re: [Announcement] Block Erupter USB
Post by: abracadabra on June 05, 2013, 08:01:34 PM
That is 2.4 BTC in 24 months, in other words 20%! Thats great! I get 1% at my bank! Loving it!!!

This misunderstanding of how much btc a piece of hardware will generate over a "long" (ie. more than a few months) time is probably the biggest reason people are buying hardware like this.  Good luck getting 2.4 BTC in 24 years.


Title: Re: [Announcement] Block Erupter USB
Post by: bigbeninlondon on June 05, 2013, 08:23:05 PM
That is 2.4 BTC in 24 months
No, because difficulty will continue to increase.

Quote
in other words 20%! Thats great! I get 1% at my bank! Loving it!!!
Except with the bank you do not have your funds blocked for years ; they are there.

That depends on the investment.  CDs lock in your funds for years.

Also, the erupters can be resold for a time, and at a gain too.


Title: Re: [Announcement] Block Erupter USB
Post by: markyminer on June 05, 2013, 08:58:58 PM
That is 2.4 BTC in 24 months, in other words 20%! Thats great! I get 1% at my bank! Loving it!!!

Nope. Check the current facts, network hashrate and difficulty is rising since February at a rate of 30% a month minimum. Which means difficulty doubles every 3.3months (and BTC earned halves!).

Ran the figures out for 730 days (2 years) from today. In 2 years the block eruptor will mine 1.25 BTC!! So in year two you will dig out a whole 0.05 BTC all year.

In year three BTC earned will end up less than the $0.01 a day it costs to power this USB stick.  Your best bet is the leave it running 24/7 for the next 12 months and hold the BTC earned until it hopefully rises to $185/BTC.  Then you will break even and maybe make a profit. if not you basically paid way way to high $/G/H to be an early ASIC adaoptor.

Good luck.

M


Title: Re: [Announcement] Block Erupter USB
Post by: bigbeninlondon on June 05, 2013, 09:00:51 PM
At 1% it's probably an unlocked account, or his bank is even worse than the average bank!

They can be resold but it will certainly not be at that price.

Look, I bought one, but let's be real.

These bitches are selling @ $450 right now on eBay.  I bet they'll stay that way until Avalon's chips are released.


Title: Re: [Announcement] Block Erupter USB
Post by: iCEBREAKER on June 05, 2013, 09:46:23 PM
These bitches are selling @ $450 right now on eBay.  I bet they'll stay that way until Avalon's chips are released.

And yet, we'll still hear economic illiterates claiming they are "overpriced."  Despite the market (loudly and firmly) saying otherwise, these buffoons believe their special little cheapskate beggar opinions truly outweigh the collective decision of all the actual buyers and sellers in an unprecedentedly free and low friction economy.   ::)


Title: Re: [Announcement] Block Erupter USB
Post by: turtle83 on June 05, 2013, 10:05:43 PM
These bitches are selling @ $450 right now on eBay.  I bet they'll stay that way until Avalon's chips are released.

And yet, we'll still hear economic illiterates claiming they are "overpriced."  Despite the market (loudly and firmly) saying otherwise, these buffoons believe their special little cheapskate beggar opinions truly outweigh the collective decision of all the actual buyers and sellers in an unprecedentedly free and low friction economy.   ::)

I am an economic illiterate and even i know that the price of something is the price market is willing to pay for it. People complaining here are just butthurt cause its not the price they are willing to pay.


Title: Re: [Announcement] Block Erupter USB
Post by: dnaleor on June 05, 2013, 10:17:57 PM
At 1% it's probably an unlocked account, or his bank is even worse than the average bank!

They can be resold but it will certainly not be at that price.

Look, I bought one, but let's be real.

These bitches are selling @ $450 right now on eBay.  I bet they'll stay that way until Avalon's chips are released.

indeed. Than I'll buy one for the lolz. I want one because they have collectable value, but would never pay >100$ for them


Title: Re: [Announcement] Block Erupter USB
Post by: stepkrav on June 05, 2013, 11:29:59 PM
what is your hw error rate? i get ~ 4,7 per hour


Title: Re: [Announcement] Block Erupter USB
Post by: doubledave on June 06, 2013, 12:09:59 AM
From my own personal experience:
7 port USB hub D-Link DUB-H7 (http://www.amazon.com/gp/product/B00008VFAF) worked just fine for me powering simultaneously not only 4 USB ASICminer Block Erupters but also the raspberry pi.  It has a 3A power supply and 2 1A USB charging output ports.
I'm not sure how many more than 4 block erupters it can handle; I assume by its 3A power supply it can handle a maximum of 6.


Title: Re: [Announcement] Block Erupter USB
Post by: GuiltySpark343 on June 06, 2013, 02:15:27 AM
what is your hw error rate? i get ~ 4,7 per hour

About the same.


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on June 06, 2013, 05:50:53 AM
what is your hw error rate? i get ~ 4,7 per hour

ICA0                | (5s):334.2M (avg):333.2Mh/s | A:8655 R:67 HW:118 U:4.3/m

Around 1%


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on June 06, 2013, 05:52:30 AM
Nope. Check the current facts, network hashrate and difficulty is rising since February at a rate of 30% a month minimum. Which means difficulty doubles every 3.3months (and BTC earned halves!).

Ran the figures out for 730 days (2 years) from today. In 2 years the block eruptor will mine 1.25 BTC!! So in year two you will dig out a whole 0.05 BTC all year.

In year three BTC earned will end up less than the $0.01 a day it costs to power this USB stick.  Your best bet is the leave it running 24/7 for the next 12 months and hold the BTC earned until it hopefully rises to $185/BTC.  Then you will break even and maybe make a profit. if not you basically paid way way to high $/G/H to be an early ASIC adaoptor.

So, what do you do in BT-talk then? Can't be GPU mining. FPGA miner?


Title: Re: [Announcement] Block Erupter USB
Post by: markyminer on June 06, 2013, 11:54:46 AM
Nope. Check the current facts, network hashrate and difficulty is rising since February at a rate of 30% a month minimum. Which means difficulty doubles every 3.3months (and BTC earned halves!).

Ran the figures out for 730 days (2 years) from today. In 2 years the block eruptor will mine 1.25 BTC!! So in year two you will dig out a whole 0.05 BTC all year.

In year three BTC earned will end up less than the $0.01 a day it costs to power this USB stick.  Your best bet is the leave it running 24/7 for the next 12 months and hold the BTC earned until it hopefully rises to $185/BTC.  Then you will break even and maybe make a profit. if not you basically paid way way to high $/G/H to be an early ASIC adaoptor.

So, what do you do in BT-talk then? Can't be GPU mining. FPGA miner?

Why can't I be a GPU miner? Any AMD 7950 (the most efficient GPU miner on hash vs power vs cost) who started from Jan to March 2013 or before has already made their ROI and now enjoys slowly declining net profits but with a saleable asset still worth 70% of the purchase price on ebay. Anyone who started April will make a ROI before power costs overtake BTC earned daily. A 7950 still earns over $1 profit a day on 15.6m difficulty becaus it can hash 500m/h easily.

Personally i've only mined BTC directly for about 3 weeks in total including 5 days last week. It's far more profitable to mine LTC with a GPU and exchange for BTC on BTC-e.  Mining LTC earns $1.75 a day profit today.

I expect GPU mining of BTC to be loss making on any GPU by August, and maybe LTC too unless LTC jumps in price a lot! Still buy then should have my 21 g/h of BFL 7gh miners that cost $1200 going. And this will make profit long long afer the block eruptor has been taken offline.

M


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on June 06, 2013, 05:07:39 PM
I also have a 7950, but mining on it makes no sense for me. 1 kW/h costs 0.27€ here in Germany, so at 350W*24h I have 8.4 kW/h ( = 2.268€ electricity per day).


Title: Re: [Announcement] Block Erupter USB
Post by: af_newbie on June 06, 2013, 05:14:52 PM
what is your hw error rate? i get ~ 4,7 per hour

ICA0                | (5s):334.2M (avg):333.2Mh/s | A:8655 R:67 HW:118 U:4.3/m

Around 1%

Is that with cgminer or bfgminer?  I get 12% with cgminer and about 5% with bfgminer


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on June 06, 2013, 05:16:42 PM
cgminer 3.1.1 on debian linux (armtel)


Title: Re: [Announcement] Block Erupter USB
Post by: Economics on June 06, 2013, 07:08:05 PM
What FPGA/ASIC is used in the BlockErupter?

-E


Title: Re: [Announcement] Block Erupter USB
Post by: radiumsoup on June 06, 2013, 07:09:39 PM
I also have a 7950, but mining on it makes no sense for me. 1 kW/h costs 0.27€ here in Germany, so at 350W*24h I have 8.4 kW/h ( = 2,268€ electricity per day).

For those of us in IndoChina or the majority of the English speaking world, he means €2.268 per day (just to help others avoid the shock of "you pay WHAT for electricity?!?!?" that I just had before reading it a second time)


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on June 06, 2013, 07:16:11 PM
I also have a 7950, but mining on it makes no sense for me. 1 kW/h costs 0.27€ here in Germany, so at 350W*24h I have 8.4 kW/h ( = 2,268€ electricity per day).

For those of us in IndoChina or the majority of the English speaking world, he means €2.268 per day (just to help others avoid the shock of "you pay WHAT for electricity?!?!?" that I just had before reading it a second time)

I'm sorry, i meant 2€ 27 Eurocent... edited


Title: Re: [Announcement] Block Erupter USB
Post by: radiumsoup on June 06, 2013, 07:24:51 PM
no problem, really - was just a little confusing because you used a full stop as the decimal placeholder at first, then switched to the comma :)


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on June 06, 2013, 09:56:34 PM
At 1% it's probably an unlocked account, or his bank is even worse than the average bank!

They can be resold but it will certainly not be at that price.

Look, I bought one, but let's be real.

These bitches are selling @ $450 right now on eBay.  I bet they'll stay that way until Avalon's chips are released.

indeed. Than I'll buy one for the lolz. I want one because they have collectable value, but would never pay >100$ for them

or i am selling them for 2.35BTC :)

https://bitcointalk.org/index.php?topic=224256.msg2389085#msg2389085


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on June 07, 2013, 01:22:27 AM
What FPGA/ASIC is used in the BlockErupter?

-E

custom ASIC from ASICMINER


Title: Re: [Announcement] Block Erupter USB
Post by: CanadianGuy on June 07, 2013, 04:25:15 AM
What FPGA/ASIC is used in the BlockErupter?

-E

custom ASIC from ASICMINER

The original plan involved stuffing a cat into the product to increase hashrate, but it got fried in the process  :o


Title: Re: [Announcement] Block Erupter USB
Post by: PeZ on June 07, 2013, 04:39:56 AM
My little USB Block Erupter has been hashing away for 24 hours at 334MH/s and I have made $0.92 at BTCGuild. At that rate I will pay off the cost of the device in 9 months! With the coming increase in difficulty, that might jump up to infinity!

<praying for BFL>


Title: Re: [Announcement] Block Erupter USB
Post by: HowGudAmI on June 07, 2013, 09:01:14 AM
My little USB Block Erupter has been hashing away for 24 hours at 334MH/s and I have made $0.92 at BTCGuild. At that rate I will pay off the cost of the device in 9 months! With the coming increase in difficulty, that might jump up to infinity!

<praying for BFL>

Sadly, each day these devices become a little less profitable... Bitcoin is soooo fast moving it is hard to keep up.


Title: Re: [Announcement] Block Erupter USB
Post by: GuiltySpark343 on June 07, 2013, 10:57:51 AM
Some days it feels like: http://www.youtube.com/watch?v=6DGNZnfKYnU


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on June 07, 2013, 11:08:56 AM
Some days it feels like: http://www.youtube.com/watch?v=6DGNZnfKYnU

yes, please, don't play. :D


Title: Re: [Announcement] Block Erupter USB
Post by: kano on June 07, 2013, 12:33:50 PM
-S all now keeps the cmd. window open but nothing shows
Ok, try with: bfgminer -S all -D -T -d?

Edit: Also! Be sure you're using the special build I posted for Block Erupter USB (https://bitcointalk.org/index.php?topic=195004.msg2250380#msg2250380)!

when i goto that post and download either 64 or 32 bit, norten then removes the file from my computer after download as it is unsafe?

Try the latest cgminer 3.2.0 released today
https://bitcointalk.org/index.php?topic=28402.0

It auto detects everything, auto sets the settings and just runs (No -S options and no --icarus-timing required)
On linux it's rock solid - would love to know how it works on a windows system with that many USB's.
... and a week later ...
We've got cgminer 3.2.1 out now :)

Seems there was an initialisation problem that (unfortunately) worked without any problem on my Desktop (Fedora 18) and my Windows VM running on it also.

Finally tracked it down in time for the 3.2.1 release:
https://bitcointalk.org/index.php?topic=28402.msg2397710#msg2397710

Leave feedback in the cgminer thread if you find any problems - thanks :)


Title: Re: [Announcement] Block Erupter USB
Post by: opticbit on June 07, 2013, 12:36:52 PM
mine is getting hot, noticed some screws, is the heat sync upgradeable?


Title: Re: [Announcement] Block Erupter USB
Post by: arklan on June 07, 2013, 01:29:39 PM
mine is getting hot, noticed some screws, is the heat sync upgradeable?

i've unscrewed those screws on some defective ones i have - they're all that's holding the heatsink on, and its a flat surface it's on, so yea, there's no reason i can see that you couldn't unscrew it and replace it.


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on June 07, 2013, 05:20:34 PM
what is your hw error rate? i get ~ 4,7 per hour

Summary of runtime statistics:

 [2013-06-07 17:20:11] Started at [2013-06-06 06:40:11]
 [2013-06-07 17:20:11] Pool: stratum+tcp://mmpool.bitparking.com:3333
 [2013-06-07 17:20:11] Runtime: 34 hrs : 39 mins : 59 secs
 [2013-06-07 17:20:11] Average hashrate: 364.3 Megahash/s
 [2013-06-07 17:20:11] Solved blocks: 0
 [2013-06-07 17:20:11] Best share difficulty: 17.6K
 [2013-06-07 17:20:11] Share submissions: 9096
 [2013-06-07 17:20:11] Accepted shares: 9096
 [2013-06-07 17:20:11] Rejected shares: 0
 [2013-06-07 17:20:11] Accepted difficulty shares: 9096
 [2013-06-07 17:20:11] Rejected difficulty shares: 0
 [2013-06-07 17:20:11] Reject ratio: 0.0%
 [2013-06-07 17:20:11] Hardware errors: 89
 [2013-06-07 17:20:11] Utility (accepted shares / min): 4.37/min
 [2013-06-07 17:20:11] Work Utility (diff1 shares solved / min): 4.42/min

 [2013-06-07 17:20:11] Stale submissions discarded due to new blocks: 1
 [2013-06-07 17:20:11] Unable to get work from server occasions: 2
 [2013-06-07 17:20:11] Work items generated locally: 25006
 [2013-06-07 17:20:11] Submitting work remotely delay occasions: 0
 [2013-06-07 17:20:11] New blocks detected on network: 246

 [2013-06-07 17:20:11] Summary of per device statistics:

 [2013-06-07 17:20:11] ICA0                | (5s):366.4M (avg):364.3Mh/s | A:9096 R:0 HW:89 U:0.0/m
 [2013-06-07 17:20:11]


Title: Re: [Announcement] Block Erupter USB
Post by: -ck on June 08, 2013, 10:00:02 AM
Finally got mine!

Code:
AMU 0:                | 334.7M/328.5Mh/s | A:45 R:0 HW:1 U:5.44/m

It's actively cooled, and alone on a USB hub with two power sources. So I doubt you can do better regarding HW errors (unless the heatsink is really bad?).

Linux users with their own kernel setup should compile/load the cp210x kernel module.
Not quite, there is no module requirement if you are mining with cgminer 3.2.1+ as it uses direct usb communication and will unload that module you just recommended.


Title: Re: [Announcement] Block Erupter USB
Post by: dropt on June 08, 2013, 10:03:58 AM
mine is getting hot, noticed some screws, is the heat sync upgradeable?

I'm surprised no one has really talked too much about this.  Without active cooling mine get hot.  Real hot.  Burn yourself hot.  With a fan on them they're surprisingly cool.


Title: Re: [Announcement] Block Erupter USB
Post by: -ck on June 08, 2013, 11:22:00 AM
Not quite, there is no module requirement if you are mining with cgminer 3.2.1+ as it uses direct usb communication and will unload that module you just recommended.
Oh, thanks. Is there a reason for using direct USB communication? More efficient?
Yes, to bypass one layer between cgminer and the device, and give us more control over it. It has allowed us to shave a lot of CPU off by doing so. It is unfortunately a lot more work, and keeps revealing to us interesting hardware limitations that the drivers paper over, but that is often the case that the better solution takes more effort.


Title: Re: [Announcement] Block Erupter USB
Post by: Henchman24 on June 08, 2013, 03:39:26 PM
Not quite, there is no module requirement if you are mining with cgminer 3.2.1+ as it uses direct usb communication and will unload that module you just recommended.
Oh, thanks. Is there a reason for using direct USB communication? More efficient?
Yes, to bypass one layer between cgminer and the device, and give us more control over it. It has allowed us to shave a lot of CPU off by doing so. It is unfortunately a lot more work, and keeps revealing to us interesting hardware limitations that the drivers paper over, but that is often the case that the better solution takes more effort.

Hotplug is sweet!  It worked perfectly on the first try.  Thanks again, ckolivas and kano!!

http://s11.postimg.org/84noy641v/cgminer_3_2_1_hotplug.png


Title: Re: [Announcement] Block Erupter USB
Post by: SoggyLettuce on June 09, 2013, 02:04:22 PM
Would this hub work in the 4 port version? http://www.amazon.com/gp/product/B005NGQWL2/


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on June 09, 2013, 02:06:07 PM
no the design of the hub could not fit 4 USB's, look at some of the pictures of how they are set up and how much space is needed


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on June 09, 2013, 02:07:51 PM
the 4 port slim could probably take 3 sticks, the other 4 port you should could probably only take 2.


Title: Re: [Announcement] Block Erupter USB
Post by: SoggyLettuce on June 09, 2013, 02:08:51 PM
Alright thanks...I think I'm only getting 2 anyways


Title: Re: [Announcement] Block Erupter USB
Post by: HowGudAmI on June 09, 2013, 09:20:03 PM
It is a shame these are not a little cheaper, If I could get a ROI in 3 months I would do it in a heartbeat, 6 months and I would consider it.

If my calcs are correct these things currently will generate 0.01BTC per day, so 199 days for payback excl power/hubs/hosts/group buy fees/difficulty rises.


Title: Re: [Announcement] Block Erupter USB
Post by: Boxman90 on June 09, 2013, 11:28:51 PM
Taking into account the skyrocketing difficulty increase, these things won't even break even after a year of continuous mining.

Why are we buying these again?


Title: Re: [Announcement] Block Erupter USB
Post by: erk on June 09, 2013, 11:40:23 PM
Taking into account the skyrocketing difficulty increase, these things won't even break even after a year of continuous mining.

Why are we buying these again?

I asked the same question, ASICMINER claim to have sold 4,000 units, that's, right 4,000 x .3GH/s = 1,200GH/s

I just laughed. That's 8,000BTC wasted, you realize how much hashing power you could get from Avalon or BFL for that money? Had you bought 20 x 66GH/s Avalon boxes for 75BTC each and set up a community farm, you would be hashing more than the entire network of Block Erupters, and saved yourself around 5,500BTC. I can't believe that so many people have been sucked in by what is clearly the ASIC ripoff of all time!




Title: Re: [Announcement] Block Erupter USB
Post by: turtle83 on June 09, 2013, 11:52:43 PM
Taking into account the skyrocketing difficulty increase, these things won't even break even after a year of continuous mining.

Why are we buying these again?

I asked the same question, ASICMINER claim to have sold 4,000 units, that right 4,000 x .3MH/s = 1,200GH/s

I just laughed. That's 8,000BTC wasted, you realize how much hashing power you could get from Avalon or BFL for that money? Had you bought 20 x 66GH/s Avalon boxes for 75BTC each and set up a community farm, you would be hashing more than the entire network of Block Erupters, and saved yourself around 5,500BTC. I can't believe that so many people have been sucked in by what is clearly the ASIC ripoff of all time!




Captain Hindsight to the rescue - http://www.youtube.com/watch?v=cqkI691dxNg


Title: Re: [Announcement] Block Erupter USB
Post by: yxt on June 10, 2013, 12:02:17 AM
From BFL? *lol* ask the guys preorders @ BFL liars a year ago


Title: Re: [Announcement] Block Erupter USB
Post by: erk on June 10, 2013, 12:07:16 AM
From BFL? *lol* ask the guys preorders @ BFL liars a year ago

At least they are now receiving superior value product than Block Erupters that will actually give them a positive ROI.

BFL in a day shipped more of their entry level 5 GH/s units, with a total hashing power than the entire 4,000 Block Erupters can do combined.


Title: Re: [Announcement] Block Erupter USB
Post by: yxt on June 10, 2013, 12:13:43 AM
sure sure... they ship 400 a week.... in 14 days... go and tell that to the Marines!


Title: Re: [Announcement] Block Erupter USB
Post by: roy7 on June 10, 2013, 12:34:26 AM
Taking into account the skyrocketing difficulty increase, these things won't even break even after a year of continuous mining.

Why are we buying these again?

Fun.


Title: Re: [Announcement] Block Erupter USB
Post by: freshzive on June 10, 2013, 02:07:31 AM
what pool is everyone using with this?

getting high rejects (~10%) on eligius using cgminer 3.1.1.....

like this:

ICA 1:                | 330.0M/331.5Mh/s | A:12016 R:1202 HW:238 U: 3.78/m


Title: Re: [Announcement] Block Erupter USB
Post by: CommanderVenus on June 10, 2013, 02:10:00 AM
what pool is everyone using with this?

getting high rejects (~10%) on eligius using cgminer 3.1.1.....

like this:

ICA 1:                | 330.0M/331.5Mh/s | A:12016 R:1202 HW:238 U: 3.78/m
Try using CGminer 3.2.1.
This threads got a good amount of information that could help you too.
https://bitcointalk.org/index.php?topic=220905.0


Title: Re: [Announcement] Block Erupter USB
Post by: freshzive on June 10, 2013, 02:16:20 AM
Try using CGminer 3.2.1.
This threads got a good amount of information that could help you too.
https://bitcointalk.org/index.php?topic=220905.0

Yeah, I get this error when I try to run in cgminer 3.2 or 3.2.1:

cgminer: -S: unrecognized option

I built using --enable-icarus


Title: Re: [Announcement] Block Erupter USB
Post by: -ck on June 10, 2013, 02:59:08 AM
Try using CGminer 3.2.1.
This threads got a good amount of information that could help you too.
https://bitcointalk.org/index.php?topic=220905.0

Yeah, I get this error when I try to run in cgminer 3.2 or 3.2.1:

cgminer: -S: unrecognized option

I built using --enable-icarus
Because as the release notes say, and numerous other forum posts, you no longer use -S


Title: Re: [Announcement] Block Erupter USB
Post by: joae1975 on June 10, 2013, 03:12:24 AM
Taking into account the skyrocketing difficulty increase, these things won't even break even after a year of continuous mining.

Why are we buying these again?

I asked the same question, ASICMINER claim to have sold 4,000 units, that's, right 4,000 x .3GH/s = 1,200GH/s

I just laughed. That's 8,000BTC wasted, you realize how much hashing power you could get from Avalon or BFL for that money? Had you bought 20 x 66GH/s Avalon boxes for 75BTC each and set up a community farm, you would be hashing more than the entire network of Block Erupters, and saved yourself around 5,500BTC. I can't believe that so many people have been sucked in by what is clearly the ASIC ripoff of all time!



That would be a valid argument if BFL was shipping on demand.  To have a product in hand ASAP is appealing.


Title: Re: [Announcement] Block Erupter USB
Post by: erk on June 10, 2013, 03:24:06 AM
Taking into account the skyrocketing difficulty increase, these things won't even break even after a year of continuous mining.

Why are we buying these again?

I asked the same question, ASICMINER claim to have sold 4,000 units, that's, right 4,000 x .3GH/s = 1,200GH/s

I just laughed. That's 8,000BTC wasted, you realize how much hashing power you could get from Avalon or BFL for that money? Had you bought 20 x 66GH/s Avalon boxes for 75BTC each and set up a community farm, you would be hashing more than the entire network of Block Erupters, and saved yourself around 5,500BTC. I can't believe that so many people have been sucked in by what is clearly the ASIC ripoff of all time!



That would be a valid argument if BFL was shipping on demand.  To have a product in hand ASAP is appealing.
Be thankful that they are finally shipping some units in volume!


Title: Re: [Announcement] Block Erupter USB
Post by: gchil0 on June 10, 2013, 03:37:36 AM
Yes, to bypass one layer between cgminer and the device, and give us more control over it. It has allowed us to shave a lot of CPU off by doing so. It is unfortunately a lot more work, and keeps revealing to us interesting hardware limitations that the drivers paper over, but that is often the case that the better solution takes more effort.
Has anyone gotten this to work with the Anker USB 3.0 10-port hub?  I tried it with cgminer 3.2.1, and it crashed shortly after starting.


Title: Re: [Announcement] Block Erupter USB
Post by: nubbins on June 10, 2013, 03:55:33 AM
Taking into account the skyrocketing difficulty increase, these things won't even break even after a year of continuous mining.

Why are we buying these again?

Fun.

i bought some so i don't feel silly wearing this t-shirt: https://bitcointalk.org/index.php?topic=230843.0 (https://bitcointalk.org/index.php?topic=230843.0)

 ;D


Title: Re: [Announcement] Block Erupter USB
Post by: -ck on June 10, 2013, 03:56:55 AM
Yes, to bypass one layer between cgminer and the device, and give us more control over it. It has allowed us to shave a lot of CPU off by doing so. It is unfortunately a lot more work, and keeps revealing to us interesting hardware limitations that the drivers paper over, but that is often the case that the better solution takes more effort.
Has anyone gotten this to work with the Anker USB 3.0 10-port hub?  I tried it with cgminer 3.2.1, and it crashed shortly after starting.
Does not currently work off USB3 ports on cgminer 3.2+. We are investigating.


Title: Re: [Announcement] Block Erupter USB
Post by: SolarSilver on June 10, 2013, 08:42:15 AM
I just laughed. That's 8,000BTC wasted, you realize how much hashing power you could get from Avalon or BFL for that money? Had you bought 20 x 66GH/s Avalon boxes for 75BTC each and set up a community farm, you would be hashing more than the entire network of Block Erupters, and saved yourself around 5,500BTC. I can't believe that so many people have been sucked in by what is clearly the ASIC ripoff of all time!

Actually as I do have such an equivalent order (Batch #2.1, Batch #2.2 and Batch #3) at Avalon, I can tell you that even though these were paid for in February, we still have not received any update on when they will ship out (they were supposed to be delivered in April).

In the mean time, AM blade orders have been delivered 10 days after payment and these are out there, generating BTC.

Our Avalon orders in the mean time have caused nothing but uncertainty and stress. By the time we'll get them, difficulty will have risen by all the AM devices shipped and ROI will take ages.

Guess where I would have preferred to place my BTC now?


Title: Re: [Announcement] Block Erupter USB
Post by: freshzive on June 10, 2013, 01:55:04 PM
Because as the release notes say, and numerous other forum posts, you no longer use -S

Thanks, working beautifully now!


Title: Re: [Announcement] Block Erupter USB
Post by: rsbriggs on June 10, 2013, 11:16:18 PM
These bitches are selling @ $450 right now on eBay.  I bet they'll stay that way until Avalon's chips are released.

And yet, we'll still hear economic illiterates claiming they are "overpriced."  Despite the market (loudly and firmly) saying otherwise, these buffoons believe their special little cheapskate beggar opinions truly outweigh the collective decision of all the actual buyers and sellers in an unprecedentedly free and low friction economy.   ::)

And people making their statistics aren't considering in other pool than PPS, there is more monies to be making.  Am making at least 2x PPS rate in Slush pool on not-so-lucky days.  Making more on lucky days - why would wanting to just be doing PPS?  Even HHTT can be  pay more than PPS when finding two blocks in a day.


Title: Re: [Announcement] Block Erupter USB
Post by: seleme on June 11, 2013, 03:36:26 AM
Taking into account the skyrocketing difficulty increase, these things won't even break even after a year of continuous mining.

Why are we buying these again?

I asked the same question, ASICMINER claim to have sold 4,000 units, that's, right 4,000 x .3GH/s = 1,200GH/s

I just laughed. That's 8,000BTC wasted, you realize how much hashing power you could get from Avalon or BFL for that money? Had you bought 20 x 66GH/s Avalon boxes for 75BTC each and set up a community farm, you would be hashing more than the entire network of Block Erupters, and saved yourself around 5,500BTC. I can't believe that so many people have been sucked in by what is clearly the ASIC ripoff of all time!




AsicMiner is most blessed company ever. How the fuck they manage to make so many people blinded is a joke to talk to your grandsons about. They're making at least 150$ on a product unit that probably won't ever make a roi for buyers yet people are throwing money on them. Bloody unbelievable.


Title: Re: [Announcement] Block Erupter USB
Post by: vs3 on June 11, 2013, 07:38:51 AM
AsicMiner is most blessed company ever. How the fuck they manage to make so many people blinded is a joke to talk to your grandsons about. They're making at least 150$ on a product unit that probably won't ever make a roi for buyers yet people are throwing money on them. Bloody unbelievable.

Does the word Ponzi mean anything to you? :)


Title: Re: [Announcement] Block Erupter USB
Post by: bigbeninlondon on June 11, 2013, 11:08:43 AM
AsicMiner is most blessed company ever. How the fuck they manage to make so many people blinded is a joke to talk to your grandsons about. They're making at least 150$ on a product unit that probably won't ever make a roi for buyers yet people are throwing money on them. Bloody unbelievable.

Does the word Ponzi mean anything to you? :)

It does.  Paying investors with new investor's capital.  This is not that, since they obtain capital by selling hardware and mining bitcoin. 

Buying an Erupter may be a poor investment choice, but that doesn't make this a ponzi scheme.  It just makes their product really expensive.


Title: Re: [Announcement] Block Erupter USB
Post by: yxt on June 11, 2013, 11:22:14 AM
Be thankful that they are finally shipping some units in volume!
lol, for what?

lying in customers face since summer 12...

stockholm syndrome?


Title: Re: [Announcement] Block Erupter USB
Post by: CanadianGuy on June 11, 2013, 02:24:47 PM
Taking into account the skyrocketing difficulty increase, these things won't even break even after a year of continuous mining.

Why are we buying these again?

I asked the same question, ASICMINER claim to have sold 4,000 units, that's, right 4,000 x .3GH/s = 1,200GH/s

I just laughed. That's 8,000BTC wasted, you realize how much hashing power you could get from Avalon or BFL for that money? Had you bought 20 x 66GH/s Avalon boxes for 75BTC each and set up a community farm, you would be hashing more than the entire network of Block Erupters, and saved yourself around 5,500BTC. I can't believe that so many people have been sucked in by what is clearly the ASIC ripoff of all time!




AsicMiner is most blessed company ever. How the fuck they manage to make so many people blinded is a joke to talk to your grandsons about. They're making at least 150$ on a product unit that probably won't ever make a roi for buyers yet people are throwing money on them. Bloody unbelievable.

It's the only ASIC product you can buy with the click of a mouse, that's called novelty.  People aren't buying these to make money, they just want to embrace the technology. 


Title: Re: [Announcement] Block Erupter USB
Post by: turtle83 on June 11, 2013, 02:54:10 PM
Taking into account the skyrocketing difficulty increase, these things won't even break even after a year of continuous mining.

Why are we buying these again?

I asked the same question, ASICMINER claim to have sold 4,000 units, that's, right 4,000 x .3GH/s = 1,200GH/s

I just laughed. That's 8,000BTC wasted, you realize how much hashing power you could get from Avalon or BFL for that money? Had you bought 20 x 66GH/s Avalon boxes for 75BTC each and set up a community farm, you would be hashing more than the entire network of Block Erupters, and saved yourself around 5,500BTC. I can't believe that so many people have been sucked in by what is clearly the ASIC ripoff of all time!




AsicMiner is most blessed company ever. How the fuck they manage to make so many people blinded is a joke to talk to your grandsons about. They're making at least 150$ on a product unit that probably won't ever make a roi for buyers yet people are throwing money on them. Bloody unbelievable.

It's the only ASIC product you can buy with the click of a mouse, that's called novelty.  People aren't buying these to make money, they just want to embrace the technology. 

No point explaining... Its a lost cause.. Some people just dont see anything beyond ROI...


Title: Re: [Announcement] Block Erupter USB
Post by: akipfer on June 11, 2013, 04:12:19 PM
This shows again how skilled the guys at Asicminer are.

It's very well priced so it isn't unfair for the buyers OR the shareholder (maximising earnings).

The min. order amount makes it uncomplicated for AM and opens a nice retailer market with good competition.

i'm sorry, it is overpriced, at least i think it is.
2BTCs is alots of money, i will like to buy this,i have 2HD7950 XFX,i would loveto replace one of m 7950 with 2, 3 of those blocks erupters, but is way too overpriced.

i get it u need to pay the investiment, oh wait,  wait didn't u guys have used kickstarter? to laucher this project? so YOU didn't actually loose any moner, or support with your money at all, so why so overpriced?
and how can some one with single PC buy 200-300 bulk orders?
even 10 in a bulk order is so much,i will have to sell one of my lung for that.
Please sell it in single pieces, i would love to buy, if i could sell, or i can even trade my XFX R7950 3GB GDDR5 (new card, almost two months now!) for this


Title: Re: [Announcement] Block Erupter USB
Post by: BitCrawler on June 11, 2013, 04:45:19 PM
This might be a rather dumb question, but can this miner also be used to mine other currencies? Is it possible to mine for example LTC with this miner?


Title: Re: [Announcement] Block Erupter USB
Post by: Xian01 on June 11, 2013, 04:46:33 PM
This might be a rather dumb question, but can this miner also be used to mine other currencies? Is it possible to mine for example LTC with this miner?

 No. Only SHA256 based applications. LTC and most others use Scrypt.


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on June 11, 2013, 04:55:39 PM
This might be a rather dumb question, but can this miner also be used to mine other currencies? Is it possible to mine for example LTC with this miner?

As Xian01 said, only SHA256, which is PPCoin, Freicoin, Terracoin and some merged-mined(=non important) ones.


Title: Re: [Announcement] Block Erupter USB
Post by: tidus_13 on June 11, 2013, 10:51:53 PM
will get one soon, need to get some food!

 edit: I guess a photo only takes a min - http://i44.tinypic.com/2q2lgsp.jpg

Very cool, but that doesn't change that you are a SCAMMER just check his trust feedback guys. Be careful buy his USB sticks.


Title: Re: [Announcement] Block Erupter USB
Post by: dishwara on June 12, 2013, 07:12:36 AM
will get one soon, need to get some food!

 edit: I guess a photo only takes a min -

Very cool, but that doesn't change that you are a SCAMMER just check his trust feedback guys. Be careful buy his USB sticks.
Scammer is not the right word to use here.
One Block Erupter is missing & dispute going on.


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on June 12, 2013, 12:34:16 PM
will get one soon, need to get some food!

 edit: I guess a photo only takes a min -

Very cool, but that doesn't change that you are a SCAMMER just check his trust feedback guys. Be careful buy his USB sticks.
Scammer is not the right word to use here.
One Block Erupter is missing & dispute going on.

It's ok...... this user has something against me because I asked what I considered a rhetorical question.... see the bellow posts....

https://bitcointalk.org/index.php?topic=224256.msg2396691#msg2396691


If he wants to be angry let him be angry.......

Kind of reminds me of the T.M.I episode of southpark....


Title: Re: [Announcement] Block Erupter USB
Post by: erk on June 12, 2013, 12:46:12 PM
will get one soon, need to get some food!

 edit: I guess a photo only takes a min - http://i44.tinypic.com/2q2lgsp.jpg

Very cool, but that doesn't change that you are a SCAMMER just check his trust feedback guys. Be careful buy his USB sticks.

That's setup in the photo will probably cost you well over $14,000 and has a total lower net hash than a BFL little single $1,299.



Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on June 12, 2013, 12:50:10 PM
Thats actually only 58units... now running 76  ;)

It would be cool if you didn't have to buy your BFL single last year and probably not even receive it yet, lets say BTC was worth $7 each when people paid, so 1299$ was lets say 185BTC...... do you think they will ever mine that back with their BFL single?


Title: Re: [Announcement] Block Erupter USB
Post by: mdude77 on June 13, 2013, 12:28:22 AM
That's setup in the photo will probably cost you well over $14,000 and has a total lower net hash than a BFL little single $1,299.

A bird in the hand is worth two in the bush.

M


Title: Re: [Announcement] Block Erupter USB
Post by: erk on June 13, 2013, 12:32:46 AM
That's setup in the photo will probably cost you well over $14,000 and has a total lower net hash than a BFL little single $1,299.

A bird in the hand is worth two in the bush.

M

Your BTC is the bird in the hand, the USB sticks are the birds in the bush.


Title: Re: [Announcement] Block Erupter USB
Post by: CanaryInTheMine on June 13, 2013, 12:49:18 AM
This shows again how skilled the guys at Asicminer are.

It's very well priced so it isn't unfair for the buyers OR the shareholder (maximising earnings).

The min. order amount makes it uncomplicated for AM and opens a nice retailer market with good competition.

i'm sorry, it is overpriced, at least i think it is.
2BTCs is alots of money, i will like to buy this,i have 2HD7950 XFX,i would loveto replace one of m 7950 with 2, 3 of those blocks erupters, but is way too overpriced.

i get it u need to pay the investiment, oh wait,  wait didn't u guys have used kickstarter? to laucher this project? so YOU didn't actually loose any moner, or support with your money at all, so why so overpriced?
and how can some one with single PC buy 200-300 bulk orders?
even 10 in a bulk order is so much,i will have to sell one of my lung for that.
Please sell it in single pieces, i would love to buy, if i could sell, or i can even trade my XFX R7950 3GB GDDR5 (new card, almost two months now!) for this
buy it here: https://bitcointalk.org/index.php?topic=231673.0


Title: Re: [Announcement] Block Erupter USB
Post by: markyminer on June 16, 2013, 11:27:42 PM
That's setup in the photo will probably cost you well over $14,000 and has a total lower net hash than a BFL little single $1,299.

A bird in the hand is worth two in the bush.

M

Your BTC is the bird in the hand, the USB sticks are the birds in the bush.


Ouch when difficulty just hit 19 million. The block eruptor is now making just $0.75 a day (0.0078btc) at current prices. Forecast 1 year from today now is to just make $90 profit in total if the price remains around $100/btc.  This means in 12 months from today this usb stick will not even have mined 1 btc, despite costing 2btc+, with difficulty rises of 30% a month or more.

These are turning into a far worse deal quicker than i imagined!

M


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on June 17, 2013, 06:28:26 AM
As long as the difficulty is lower than 800 million (assuming a btc/USD price of 100$), those devices make profit.


Title: Re: [Announcement] Block Erupter USB
Post by: Anenome5 on June 17, 2013, 07:26:33 AM
As long as the difficulty is lower than 800 million (assuming a btc/USD price of 100$), those devices make profit.
With a break-even of what, 800 years?


Title: Re: [Announcement] Block Erupter USB
Post by: frankenmint on June 17, 2013, 11:35:20 AM
As long as the difficulty is lower than 800 million (assuming a btc/USD price of 100$), those devices make profit.
With a break-even of what, 800 years?

exactly - these devices are probably only good for mining alt coins by this point. SHA256 alt coins particularly.


Title: Re: [Announcement] Block Erupter USB
Post by: Rampion on June 17, 2013, 11:38:44 AM
As long as the difficulty is lower than 800 million (assuming a btc/USD price of 100$), those devices make profit.
With a break-even of what, 800 years?

exactly - these devices are probably only good for mining alt coins by this point. SHA256 alt coins particularly only.

Corrected that for you.


Title: Re: [Announcement] Block Erupter USB
Post by: -ck on June 17, 2013, 11:41:12 AM
As long as the difficulty is lower than 800 million (assuming a btc/USD price of 100$), those devices make profit.
With a break-even of what, 800 years?

exactly - these devices are probably only not  good for mining alt coins anything at by this point. SHA256 alt coins particularly only.

Corrected that for you.
Corrected it further.


Title: Re: [Announcement] Block Erupter USB
Post by: Rampion on June 17, 2013, 11:44:55 AM
As long as the difficulty is lower than 800 million (assuming a btc/USD price of 100$), those devices make profit.
With a break-even of what, 800 years?

exactly - these devices are probably only not  good for mining alt coins anything at by this point. SHA256 alt coins particularly only.

Corrected that for you.
Corrected it further.

You are correct, I beg you pardon.

That's the harsh reality.

BTW, are you really in contact with KnC miner for the development of cgminer for Jupiter and Saturn? Can you update us on the timeline if it's true? And sorry for the off-topic.


Title: Re: [Announcement] Block Erupter USB
Post by: Lohoris on June 17, 2013, 11:45:36 AM
That's setup in the photo will probably cost you well over $14,000 and has a total lower net hash than a BFL little single $1,299.
Actually BFL hashpower is exactly ZERO until they ship, which likely will never happen for most units.


Title: Re: [Announcement] Block Erupter USB
Post by: -ck on June 17, 2013, 11:46:12 AM
As long as the difficulty is lower than 800 million (assuming a btc/USD price of 100$), those devices make profit.
With a break-even of what, 800 years?

exactly - these devices are probably only not  good for mining alt coins anything at by this point. SHA256 alt coins particularly only.

Corrected that for you.
Corrected it further.

You are correct, I beg you pardon.

That's the harsh reality.

BTW, are you really in contact with KnC miner for the development of cgminer for Jupiter and Saturn? Can you update us on the timeline if it's true? And sorry for the off-topic.
Yes they contacted us. No I don't know what stage they're up to.


Title: Re: [Announcement] Block Erupter USB
Post by: Lethn on June 17, 2013, 01:14:13 PM
When are you going to ship single products? I'd be very interested in getting some because this looks great for someone casual, ordering 300 isn't very realistic for someone like me and I want to actually own the product rather than share it.


Title: Re: [Announcement] Block Erupter USB
Post by: markyminer on June 17, 2013, 01:43:49 PM
As long as the difficulty is lower than 800 million (assuming a btc/USD price of 100$), those devices make profit.

"The greatest shortcoming of the human race is our inability to understand the exponential function"

You do realise that 800 million difficulty is less than six doublings from 19,339,258 right?

And with difficulty growth @ 33% a month (or more!) difficulty is doubling pretty much every three months.

I will let you work out the maths of how many months six doublings will take  ;)

M


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on June 17, 2013, 02:24:39 PM
When are you going to ship single products? I'd be very interested in getting some because this looks great for someone casual, ordering 300 isn't very realistic for someone like me and I want to actually own the product rather than share it.

why not look for someone selling singles? pretty sure my signature can help you out


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on June 17, 2013, 03:00:20 PM
As long as the difficulty is lower than 800 million (assuming a btc/USD price of 100$), those devices make profit.

"The greatest shortcoming of the human race is our inability to understand the exponential function"

You do realise that 800 million difficulty is less than six doublings from 19,339,258 right?

And with difficulty growth @ 33% a month (or more!) difficulty is doubling pretty much every three months.

I will let you work out the maths of how many months six doublings will take  ;)

M

Sure, but you are asuming the increase will be 33% every month? How would it. The ROI nearly all devices would be negative, so who would buy them?


Title: Re: [Announcement] Block Erupter USB
Post by: markyminer on June 17, 2013, 03:12:04 PM
As long as the difficulty is lower than 800 million (assuming a btc/USD price of 100$), those devices make profit.

"The greatest shortcoming of the human race is our inability to understand the exponential function"

You do realise that 800 million difficulty is less than six doublings from 19,339,258 right?

And with difficulty growth @ 33% a month (or more!) difficulty is doubling pretty much every three months.

I will let you work out the maths of how many months six doublings will take  ;)

M

Sure, but you are asuming the increase will be 33% every month? How would it. The ROI nearly all devices would be negative, so who would buy them?

The ASIC's received earliest with the low energy use per G/H will keep going, all Avalons and ASICminers will stop.

This will only leave BFL customers who got miners now and in the next 2-3 months going, unless someone launches something lower power per G/H.

Then people will pile into that too.

Eventually unless the surviving ASIC manufacturers limit supply onto the market to match hashrate (thus controlling difficultly increases) then it will all go pop.

And the reason is humans are dumb and gready and don't understand the exponential function. This same scenario has happened in every market ever traded.

And BTC rise in $$$ won't stop it. Hashrate will keep rising to eat up the $$$ until the bubble pops.

We have less than two years until this happens. And it will happen. Anyone buying anything other than BFL currently is nuts.

M


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on June 17, 2013, 04:17:41 PM
Lol, funny read. BFL isn't shipping. Buying them is nuts. So far only ASICminer seems to have shipped ASICs on mass.


Title: Re: [Announcement] Block Erupter USB
Post by: seleme on June 17, 2013, 04:21:50 PM
So far only ASICminer seems to have shipped ASICs on mass.
So what, if you can't make a profit with them?

Shares go up, that's what is important mate, screw the ROI  ;D


Title: Re: [Announcement] Block Erupter USB
Post by: markyminer on June 17, 2013, 05:57:31 PM
So far only ASICminer seems to have shipped ASICs on mass.
So what, if you can't make a profit with them?

Shares go up, that's what is important mate, screw the ROI  ;D

If ASICminer have no current future development for chips with less power use than BFL you should dump these to a greater fool sooner rather than later because as soon as ASIC miner products are losing money compared with energy used to hash BTC, maybe around the end of the year, then these shares will be worthless almost overnight.

M


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on June 17, 2013, 06:03:50 PM
BFL is crap, I better get a KnCMiner Jupiter. 350 GHs baby!


Title: Re: [Announcement] Block Erupter USB
Post by: markyminer on June 17, 2013, 06:05:34 PM
Lol, funny read. BFL isn't shipping. Buying them is nuts. So far only ASICminer seems to have shipped ASICs on mass.

Not on demand (thank god!) but pre orders are shipping and they are slowly catching up, and this is well documented. Even some bigger units are moving now too. It's no coincidence that network hashrate is 139 TH now and difficulty has jumped from 11m to 19m in the last 4 weeks. Funny enough the same timeframe BFL started shipping back orders!

M



Title: Re: [Announcement] Block Erupter USB
Post by: alibert on June 17, 2013, 06:42:41 PM
Yeah, or Avalons units made the Hashrate jump. So far I heard that only first 3 days of Jalapenos are shipped, which makes it what? 10 units? Is there a thread of the current number of shipped BFLs?


Title: Re: [Announcement] Block Erupter USB
Post by: markyminer on June 17, 2013, 06:58:31 PM
BFL is crap, I better get a KnCMiner Jupiter. 350 GHs baby!

I would want to see a working prototype on youtube with a bitcoin dev pulling less than 5w G/H before put down any money on these. It would need to pull less than 1.75KW to compete with BFL.

M


Title: Re: [Announcement] Block Erupter USB
Post by: Anenome5 on June 18, 2013, 05:46:09 AM
As long as the difficulty is lower than 800 million (assuming a btc/USD price of 100$), those devices make profit.
With a break-even of what, 800 years?

exactly - these devices are probably only good for mining alt coins by this point. SHA256 alt coins particularly.
I guess that's the answer why anyone's buying these, but it's not a great answer.

I guess, if you had an alt-coin you wanted to protect from 51% you could buy a bunch of these on the cheap and get them much faster than other ASICs.

But frankly, I can't see why any alt-coin at this point doesn't adopt the Scrypt strategy, as straight SHA256 is going to leave them too vulnerable ultimately, and we've seen a bunch attacked successfully lately.


Title: Re: [Announcement] Block Erupter USB
Post by: Anenome5 on June 18, 2013, 05:51:40 AM
As long as the difficulty is lower than 800 million (assuming a btc/USD price of 100$), those devices make profit.

"The greatest shortcoming of the human race is our inability to understand the exponential function"

You do realise that 800 million difficulty is less than six doublings from 19,339,258 right?

And with difficulty growth @ 33% a month (or more!) difficulty is doubling pretty much every three months.

I will let you work out the maths of how many months six doublings will take  ;)

M
I expect the diff to level off a bit after the avalons and the KNCs ship. A doubling of network power constitutes the deployment of perhaps millions of dollars worth of gear. Double the network power and you're doubling the infrastructure investment cost. That can't happen ad infinitum. Even with a bitcoin price well above the generation cost, at some point an investment only makes sense if the price of bitcoin is assuredly higher than X in the near term, and we've been on a slow but steady downward slope lately and probably will be for the rest of the year, which should make further investment by large investors, like Asicminer, a little nervous. Imagine the price crashes down to 50 or 20, are they leveraged enough to stumble from that? I have no idea, but perhaps so.

And GPU miners haven't fled just yet. But they will.


Title: Re: [Announcement] Block Erupter USB
Post by: Anenome5 on June 18, 2013, 05:53:54 AM
This will only leave BFL customers who got miners now and in the next 2-3 months going, unless someone launches something lower power per G/H.
...such as KNCMiner.

Eventually unless the surviving ASIC manufacturers limit supply onto the market to match hashrate (thus controlling difficultly increases) then it will all go pop.
Huh? They can't keep new suppliers from popping up.

We have less than two years until this happens. And it will happen. Anyone buying anything other than BFL currently is nuts.
BFL - 65 nm. KNC, 28 nm. Conclusion--exactly the opposite of yours here.


Title: Re: [Announcement] Block Erupter USB
Post by: Anenome5 on June 18, 2013, 05:56:51 AM
BFL is crap, I better get a KnCMiner Jupiter. 350 GHs baby!

I would want to see a working prototype on youtube with a bitcoin dev pulling less than 5w G/H before put down any money on these. It would need to pull less than 1.75KW to compete with BFL.

M
The Jupiters are currently slated to use 1kw.


Title: Re: [Announcement] Block Erupter USB
Post by: markyminer on June 18, 2013, 11:00:48 AM
BFL is crap, I better get a KnCMiner Jupiter. 350 GHs baby!

I would want to see a working prototype on youtube with a bitcoin dev pulling less than 5w G/H before put down any money on these. It would need to pull less than 1.75KW to compete with BFL.

M
The Jupiters are currently slated to use 1kw.

Yes but BFL was initially slated to use 5 x less power than they do now they are shipping. They advertised and took large pre orders based on 1w a G/H.  They are shipping at 5w G/H or slightly less for the bigger rigs.

Until KNC show a working prototype pulling this power I would not order. BFL forced older pre-order customers to accept the new 5 x power increase or they refunded their money.

M


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on June 18, 2013, 11:20:31 AM
I ask you again to tell me how many BFL devices have been shipped.


Title: Re: [Announcement] Block Erupter USB
Post by: pixl8tr on June 18, 2013, 11:29:58 AM
I ask you again to tell me how many BFL devices have been shipped.

No One but BFL knows that, and they are not disclosing the exact numbers shipped.

Quote from BFL_Jody on her blog.
Quote
Let's get clear about our agreement here. This is a SHIPPING blog. I agree to tell you the shipping dates of the products we are shipping every day so you can have some idea where we are in the queue.

Some people ask me to share the order numbers. These are not relevant, since we ship by pay date. It would tell you nothing. Sometimes we had to assign a large number to an old order because it got lost. The order numbers are only for reference, not shipping queue.

Others ask me to post quantities shipped each day. This also doesn't tell you anything, because you don't know how many orders there are. Some of this information is proprietary and we just don't share it.


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on June 18, 2013, 12:39:00 PM
a quick search on ebay reveiled ONE butterfly labs 50 ghs unit and SEVEN avalon units in hand (and EIGHT jalapenos).


Title: Re: [Announcement] Block Erupter USB
Post by: markyminer on June 18, 2013, 02:58:48 PM
BFL - 65 nm. KNC, 28 nm. Conclusion--exactly the opposite of yours here.
I still highly doubt they can have access to the 28 nm factories. It's still cutting-edge technology used mostly by big players with a lot of hard issues to solve.

Yes but BFL was initially slated to use 5 x less power than they do now they are shipping. They advertised and took large pre orders based on 1w a G/H.  They are shipping at 5w G/H or slightly less for the bigger rigs.
I was not aware of that. It's very interesting if you consider the very long-term usage of ASICs: even them could become unprofitable to run given power costs!

Yep, currently BFL has the lowest working power product so will be the last man standing profitability wise until someone produces am ASIC that uses less power than 5w per G/H. Hence why I have a 2 month old pre order with them based on their Youtube prototype video 20/4/13.

M


Title: Re: [Announcement] Block Erupter USB
Post by: mem on June 18, 2013, 03:55:59 PM
I ask you again to tell me how many BFL devices have been shipped.

LukeJr has 1, so..... 1 ? :P


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on June 18, 2013, 04:23:22 PM
I ask you again to tell me how many BFL devices have been shipped.

LukeJr has 1, so..... 1 ? :P

1 on Ebay, so 2 :)


Title: Re: [Announcement] Block Erupter USB
Post by: Bonam on June 18, 2013, 04:58:48 PM
Quote
1 on Ebay, so 2 Smiley

I realize trashing on BFL is the trendy thing to do on this forum, but I think the best estimate is that they've shipped all Jalapeno orders through the end of August 2012. Assuming that order numbers are consecutive, that would suggest that the list at http://bfl.ptz.ro/ represents about 10% of all orders (not surprising since just people that happen to find that site and decide to enter their order are listed there). A quick glance through the list shows about 400ish Jalapenos delivered so far. If the orders not listed on that site have about the same distribution of hardware types as the ones that are listed (not an unreasonable assumption), that would imply that about 4,000 Jalapenos totalling about 20 TH have been delivered so far...


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on June 18, 2013, 05:34:54 PM
Quote
1 on Ebay, so 2 Smiley

I realize trashing on BFL is the trendy thing to do on this forum, but I think the best estimate is that they've shipped all Jalapeno orders through the end of August 2012. Assuming that order numbers are consecutive, that would suggest that the list at http://bfl.ptz.ro/ represents about 10% of all orders (not surprising since just people that happen to find that site and decide to enter their order are listed there). A quick glance through the list shows about 400ish Jalapenos delivered so far. If the orders not listed on that site have about the same distribution of hardware types as the ones that are listed (not an unreasonable assumption), that would imply that about 4,000 Jalapenos totalling about 20 TH have been delivered so far...

Thanks! Finally some numbers. I count 308 delivered Jalapenos using grep "Delivered" index.html -B6 | grep label | grep -v success | cut -d">" -f3 | cut -d"<" -f1 | awk '{s+=$1} END {print s}'


Title: Re: [Announcement] Block Erupter USB
Post by: markyminer on June 18, 2013, 06:45:44 PM
Quote
1 on Ebay, so 2 Smiley

I realize trashing on BFL is the trendy thing to do on this forum, but I think the best estimate is that they've shipped all Jalapeno orders through the end of August 2012. Assuming that order numbers are consecutive, that would suggest that the list at http://bfl.ptz.ro/ represents about 10% of all orders (not surprising since just people that happen to find that site and decide to enter their order are listed there). A quick glance through the list shows about 400ish Jalapenos delivered so far. If the orders not listed on that site have about the same distribution of hardware types as the ones that are listed (not an unreasonable assumption), that would imply that about 4,000 Jalapenos totalling about 20 TH have been delivered so far...

Thanks! Finally some numbers. I count 308 delivered Jalapenos using grep "Delivered" index.html -B6 | grep label | grep -v success | cut -d">" -f3 | cut -d"<" -f1 | awk '{s+=$1} END {print s}'

My best estimate was around 350 jally's, some dev units and some singles. Maybe around 2000 g/h worth so far. But they seem to be catching up fast.

M


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on June 18, 2013, 07:48:52 PM
Well, around 70,000 GH came online during the last 4-5 weeks. I guess some ASIC manufacturer turned up his machines. ASICMINER sold 10,000 (?) USB miners, which sum up only 3 TH, so eigther they keep a lot for themself or we have a hidden player.


Title: Re: [Announcement] Block Erupter USB
Post by: erk on June 18, 2013, 10:41:21 PM
Well, around 70,000 GH came online during the last 4-5 weeks. I guess some ASIC manufacturer turned up his machines. ASICMINER sold 10,000 (?) USB miners, which sum up only 3 TH, so eigther they keep a lot for themself or we have a hidden player.
What's batch 1 and 2 Avalons add up to? 66Gh/s x 900


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on June 19, 2013, 05:58:44 AM
Possible, but we can never know


Title: Re: [Announcement] Block Erupter USB
Post by: Serjah on June 19, 2013, 05:04:45 PM
could someone tell me where to get these USB


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on June 19, 2013, 05:16:42 PM
could someone tell me where to get these USB

you can buy them from me.... see my signature


Title: Re: [Announcement] Block Erupter USB
Post by: FiatKiller on June 19, 2013, 06:19:49 PM
Got an interesting tidbit... the plastic cases they come in are great for one ounce bullion bars...  ;-)


Title: Re: [Announcement] Block Erupter USB
Post by: alibert on June 21, 2013, 02:48:30 PM
I guess its Avalon, not BFL pushing the Hashrate, see: http://imgur.com/a/fqpME


Title: Re: [Announcement] Block Erupter USB
Post by: atariguy on June 21, 2013, 07:57:39 PM
could someone tell me where to get these USB

you can buy them from me.... see my signature

So when will they come down to a reasonable price? It's ridiculous how over-priced they are. They will probably never pay for themselves.

If I were to buy one, I'd want it to pay for itself within 2 months. That means my ideal price is currently $50. Let me know when it drops down to that.


Title: Re: [Announcement] Block Erupter USB
Post by: AnonBitcoinBuyer on June 21, 2013, 08:05:31 PM
So when will they come down to a reasonable price? It's ridiculous how over-priced they are. They will probably never pay for themselves.

If I were to buy one, I'd want it to pay for itself within 2 months. That means my ideal price is currently $50. Let me know when it drops down to that.

I think the days of instant ROI are over.  Even folks getting BFL devices have to factor in the year-long wait before they started to make their money back.

Don't get me wrong, I think the Block Erupters are overpriced at 1.99BTC as well, but I bought one just for kicks.  Anything else I get will have to be cheaper.


Title: Re: [Announcement] Block Erupter USB
Post by: SilentSonicBoom on June 21, 2013, 08:37:12 PM
could someone tell me where to get these USB
I have an auction for 3 USB Miners at https://bitcointalk.org/index.php?topic=240029.0


Title: Re: [Announcement] Block Erupter USB
Post by: atariguy on June 21, 2013, 09:11:12 PM
So when will they come down to a reasonable price? It's ridiculous how over-priced they are. They will probably never pay for themselves.

If I were to buy one, I'd want it to pay for itself within 2 months. That means my ideal price is currently $50. Let me know when it drops down to that.

I think the days of instant ROI are over.  Even folks getting BFL devices have to factor in the year-long wait before they started to make their money back.

Don't get me wrong, I think the Block Erupters are overpriced at 1.99BTC as well, but I bought one just for kicks.  Anything else I get will have to be cheaper.

If it's not going to pay for itself in a few months, it will probably never pay for itself.


Title: Re: [Announcement] Block Erupter USB
Post by: AnonBitcoinBuyer on June 21, 2013, 09:18:50 PM
So when will they come down to a reasonable price? It's ridiculous how over-priced they are. They will probably never pay for themselves.

If I were to buy one, I'd want it to pay for itself within 2 months. That means my ideal price is currently $50. Let me know when it drops down to that.

I think the days of instant ROI are over.  Even folks getting BFL devices have to factor in the year-long wait before they started to make their money back.

Don't get me wrong, I think the Block Erupters are overpriced at 1.99BTC as well, but I bought one just for kicks.  Anything else I get will have to be cheaper.

If it's not going to pay for itself in a few months, it will probably never pay for itself.

Assuming immediate delivery, you're probably right.  Block Erupters are still selling as fast as friedcat can make them, which is really our own fault for buying them.

There are a ton of devices promising almost-instant ROI out there, they're just not readily available yet.  If they were, the secondary market would price them way higher, pushing the break-even point way out.  See: auctions for Avalon/Jalapeno/etc.


Title: Re: [Announcement] Block Erupter USB
Post by: Anenome5 on June 22, 2013, 11:18:07 PM
BFL - 65 nm. KNC, 28 nm. Conclusion--exactly the opposite of yours here.
I still highly doubt they can have access to the 28 nm factories. It's still cutting-edge technology used mostly by big players with a lot of hard issues to solve.
It's been in use since 2011. And you doubt that Orsoc has access to them? An ASIC/FPGA design-house with over a decade of experience and 10+ employees, most of whom are chip designers?

Yes but BFL was initially slated to use 5 x less power than they do now they are shipping. They advertised and took large pre orders based on 1w a G/H.  They are shipping at 5w G/H or slightly less for the bigger rigs.
I was not aware of that. It's very interesting if you consider the very long-term usage of ASICs: even them could become unprofitable to run given power costs!
BLF outsourced their chip design to who knows who and ran into problems. Because you simply can't simulate a working ASIC design on an FPGA and copy it directly into a chip. You have to know the little tricks of the trade of turning an FPGA design simulation into a functioning ASIC. If anyone should know how to do this, it would be a long-standing design-house like Orsoc.

It's not really surprising that BFL ran into problems, problems that it seems Avalon narrowly avoided and fore-saw, but it would be surprising if Orsoc runs into this problem, considering that they've been producing ASICs for years and claim that a hashing chip isn't even close to the most complex design they've completed successfully.

I think too many of people's expectations have been colored by the difficulties of BFL and the like. These guys are pros.

Anyway I'll stop here as this is off-topic.


Title: Re: [Announcement] Block Erupter USB
Post by: erk on June 22, 2013, 11:21:43 PM

BLF outsourced their chip design to who knows who and ran into problems. Because you simply can't simulate a working ASIC design on an FPGA and copy it directly into a chip. You have to know the little tricks of the trade of turning an FPGA design simulation into a functioning ASIC. If anyone should know how to do this, it would be a long-standing design-house like Orsoc.

It's not really surprising that BFL ran into problems, problems that it seems Avalon narrowly avoided and fore-saw, but it would be surprising if Orsoc runs into this problem, considering that they've been producing ASICs for years and claim that a hashing chip isn't even close to the most complex design they've completed successfully.

I think too many of people's expectations have been colored by the difficulties of BFL and the like. These guys are pros.

Anyway I'll stop here as this is off-topic.
Where did you get your magical insight into BFL's problems? As far as I can tell they have only mentioned that the power consumption was far greater than anticipated, and they have not given out a reason for that yet.



Title: Re: [Announcement] Block Erupter USB
Post by: aurel57 on June 22, 2013, 11:26:35 PM
I would be willing to sell some of my USB miners ... black only .. BTC payment.. USA buyers... PM me if interested


Title: Re: [Announcement] Block Erupter USB
Post by: Rampion on June 22, 2013, 11:27:31 PM
Cute.

The correct price is what people will pay.

I'm not buying at this price because I expect the price will drop a lot.



It also depends on how many they can produce. They claim to be able to churn out thousands quick.

I'd buy 2 at 2BTC, maybe 50 at 1BTC and the 300 batch at 0.5BTC.

So, depending on how much are their production costs, they might be maximising profits at cheaper prices rather than at more expensive prices. Of course, it also depends on the demand from everybody else.

It's not just me. At 2BTC it's hardly profitable if at all, people would get a few just for the novelty and to be able to say they're mining. But at a competitive price they'd sell many thousands in no time.

So, can they really produce tens of thousands per month? if so, then 2BTC is not a good pricing as they will only sell a fraction of that. Just wait and see. Maybe they really cannot produce so many.

It's pretty obvious to me they have a limited production capacity, if they could spit out quickly hundreds of thousands of those they would have to price them "more reasonably" to sell them out.


Title: Re: [Announcement] Block Erupter USB
Post by: LazyOtto on June 23, 2013, 08:20:40 PM
It's pretty obvious to me they have a limited production capacity, if they could spit out quickly hundreds of thousands of those they would have to price them "more reasonably" to sell them out.
Oh? Perhaps at the 1btc each price which is current as of today versus the introduction price of 2btc?


Title: Re: [Announcement] Block Erupter USB
Post by: CanaryInTheMine on June 23, 2013, 08:22:52 PM
let's go folks!!!! NEW price, NEW group buy here: https://bitcointalk.org/index.php?topic=241414.0
~1.01 btc each when ordering 10  ;D


Title: Re: [Announcement] Block Erupter USB
Post by: Rampion on June 23, 2013, 10:23:33 PM
It's pretty obvious to me they have a limited production capacity, if they could spit out quickly hundreds of thousands of those they would have to price them "more reasonably" to sell them out.
Oh? Perhaps at the 1btc each price which is current as of today versus the introduction price of 2btc?

No, MUCH cheaper - around $25

But with a big production capacity and adequate distribution they would make tons of money, and do a greater good to Bitcoin.

But big production capacity is expensive and difficult to quickly set up.


Title: Re: [Announcement] Block Erupter USB
Post by: LazyOtto on June 23, 2013, 11:26:36 PM
... and do a greater good to Bitcoin.
Not their job / responsibility.

Never set your price point such that you sell out faster than you can produce / procure.


Title: Re: [Announcement] Block Erupter USB
Post by: Boelens on June 23, 2013, 11:30:36 PM
I have a question, if I buy this Block Erupter in the Netherlands, with power rates of 0.32$, when will it break even? Also, I have a Raspberry Pi, however I assume since the Block Erupter has to be plugged in, I also have to keep a laptop/PC on?


Title: Re: [Announcement] Block Erupter USB
Post by: rammy2k2 on June 23, 2013, 11:45:35 PM
I have a question, if I buy this Block Erupter in the Netherlands, with power rates of 0.32$, when will it break even? Also, I have a Raspberry Pi, however I assume since the Block Erupter has to be plugged in, I also have to keep a laptop/PC on?

no USB miner will break even, these are just toys / gadgets
note that new selling price is 0.99 BTC, posted by friedcat


Title: Re: [Announcement] Block Erupter USB
Post by: LazyOtto on June 24, 2013, 12:23:46 AM
I have a question, if I buy this Block Erupter in the Netherlands, with power rates of 0.32$, when will it break even?
I like this calculator:
http://www.coinish.com/calc/# (http://www.coinish.com/calc/#)

With the new cost of 1btc per unit, looks to me like your profit at twelve months will be between -$35 and -$60 USD. (It all depends on your difficulty rate of increase assumption.)

IOWs, you might make back about half of what you paid with twelve months of 100% efficiency mining.

If you start mining on it *today*.


Title: Re: [Announcement] Block Erupter USB
Post by: mdude77 on June 24, 2013, 12:26:44 AM
I have a question, if I buy this Block Erupter in the Netherlands, with power rates of 0.32$, when will it break even? Also, I have a Raspberry Pi, however I assume since the Block Erupter has to be plugged in, I also have to keep a laptop/PC on?

no USB miner will break even, these are just toys / gadgets
note that new selling price is 0.99 BTC, posted by friedcat

No one can predict the exchange rate for BTC.  If it drops to $20, a lot of people are going to be hurting, not just the USB guys.

On the other hand, if it goes back up to $200 or higher, we'll be doing a happy dance.

It's a gamble.  Feelin' lucky? :)

M


Title: Re: [Announcement] Block Erupter USB
Post by: LazyOtto on June 24, 2013, 12:32:02 AM
No one can predict the exchange rate for BTC.
Which is irrelevant to this calculation since the item in question is priced in BTC.

For all the BTC spent on these now, you will have half that amount of BTC in one year than you do now.

All subject to long term rate of increase in difficulty. Which is relevant.

And which no no can, accurately, predict.  ;)


Title: Re: [Announcement] Block Erupter USB
Post by: LazyOtto on June 24, 2013, 12:33:55 AM
On the other hand, if it goes back up to $200 or higher, we'll be doing a happy dance.
Oh? Even those who paid for their mining gear with BTC when it was ~ $6 - $17 exchange rate?

-- edit

The moral of that story is: If you're betting long term on higher BTC to fiat exchange rate valuations then every BTC you spend, or neglect to buy now, is an opportunity cost.


Title: Re: [Announcement] Block Erupter USB
Post by: kosmokramer on June 24, 2013, 07:48:25 AM
My loyal USA customers:

If you've been satisfied with my service thus far and want it to continue, I encourage you to contact ASICMiner and provide them with honest feedback about my business practices so they can make an informed decision regarding a re-seller partnership. It would take you 60 seconds to do just one of the following:

  • PM friedcat (https://bitcointalk.org/index.php?action=pm;sa=send;u=49840) - tell him how your experience with me has been and your honest opinion about me becoming an exclusive US re-seller
  • Email ASICMiner (asicminer.usb AT gmail.com) and tell them how your experience with me has been and your honest opinion about me becoming an exclusive US re-seller

Please see my OP (https://bitcointalk.org/index.php?topic=223916.msg2353374#msg2353374) ... TL:DR - I would love to continue serving you all, but only as an exclusive US re-seller with standard privileges and protections.


Title: Re: [Announcement] Block Erupter USB
Post by: Anenome5 on June 24, 2013, 07:55:13 PM
My loyal USA customers:

If you've been satisfied with my service thus far and want it to continue, I encourage you to contact ASICMiner and provide them with honest feedback about my business practices so they can make an informed decision regarding a re-seller partnership. It would take you 60 seconds to do just one of the following:

  • PM friedcat (https://bitcointalk.org/index.php?action=pm;sa=send;u=49840) - tell him how your experience with me has been and your honest opinion about me becoming an exclusive US re-seller
  • Email ASICMiner (asicminer.usb AT gmail.com) and tell them how your experience with me has been and your honest opinion about me becoming an exclusive US re-seller

Please see my OP (https://bitcointalk.org/index.php?topic=223916.msg2353374#msg2353374) ... TL:DR - I would love to continue serving you all, but only as an exclusive US re-seller with standard privileges and protections.
So you want a territorial monopoly on ASICMiner goods, and AM wants the money you'll offer them for it. What do we get out of that exactly, except higher prices overall :P


Title: Re: [Announcement] Block Erupter USB
Post by: Xian01 on June 24, 2013, 08:00:08 PM
tell him how your experience with me has been and your honest opinion about me becoming an exclusive US re-seller

 Not cool, bro.


Title: Re: [Announcement] Block Erupter USB
Post by: Adrian-x on June 24, 2013, 09:50:31 PM
Where did you get your magical insight into BFL's problems? As far as I can tell they have only mentioned that the power consumption was far greater than anticipated, and they have not given out a reason for that yet.

If you define problem as an unforeseen delays to overcome before shipping product, you don't need magical insight, you can just conclude there have been legitimate delays that were unforeseen.
 The other option is they are devious and misleading, but I prefer to think they missed all the repeated deadline promises because they had problems.   


Title: Re: [Announcement] Block Erupter USB
Post by: stex2009 on June 24, 2013, 11:58:56 PM
Can I use these cheap USB ports for mutiple block erupters?
http://www.ebay.com/itm/10-Ports-Splitter-USB-HUB-2-0-High-Speed-AC-Power-Adapter-for-Laptop-PC-Blue-/330907999621?pt=US_USB_Cables_Hubs_Adapters&hash=item4d0ba75d85
http://www.ebay.com/itm/USB-2-0-10-Port-Hub-/151067077793?pt=US_USB_Cables_Hubs_Adapters&hash=item232c4caca1

Do I need one with a power adapter if I want to plug 5+ in one hub?


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on June 25, 2013, 12:11:44 AM
I have a few anker powered usb hubs for sale..m see mu sig for sales thread. These rp at around 55e I can do them for .5bt they are tried and tested to do 10 erupters


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on July 05, 2013, 04:03:09 AM
Here are instructions on how to brand your Block Erupters (https://bitcointalk.org/index.php?topic=250326.0)


Title: Re: [Announcement] Block Erupter USB
Post by: Ira H. Fuchs on July 08, 2013, 02:34:01 AM
My loyal USA customers:

If you've been satisfied with my service thus far and want it to continue, I encourage you to contact ASICMiner and provide them with honest feedback about my business practices so they can make an informed decision regarding a re-seller partnership. It would take you 60 seconds to do just one of the following:

  • PM friedcat (https://bitcointalk.org/index.php?action=pm;sa=send;u=49840) - tell him how your experience with me has been and your honest opinion about me becoming an exclusive US re-seller
  • Email ASICMiner (asicminer.usb AT gmail.com) and tell them how your experience with me has been and your honest opinion about me becoming an exclusive US re-seller

Please see my OP (https://bitcointalk.org/index.php?topic=223916.msg2353374#msg2353374) ... TL:DR - I would love to continue serving you all, but only as an exclusive US re-seller with standard privileges and protections.



good evening, These devices are classified as being part of our open source project. Do you have any way of contacting the outfit that is producing this hardware under the bitcoin logo? This for profit use has never been authorized by the foundation and goes against our mission statement...Ira


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on July 08, 2013, 02:55:45 AM
My loyal USA customers:

If you've been satisfied with my service thus far and want it to continue, I encourage you to contact ASICMiner and provide them with honest feedback about my business practices so they can make an informed decision regarding a re-seller partnership. It would take you 60 seconds to do just one of the following:

  • PM friedcat (https://bitcointalk.org/index.php?action=pm;sa=send;u=49840) - tell him how your experience with me has been and your honest opinion about me becoming an exclusive US re-seller
  • Email ASICMiner (asicminer.usb AT gmail.com) and tell them how your experience with me has been and your honest opinion about me becoming an exclusive US re-seller

Please see my OP (https://bitcointalk.org/index.php?topic=223916.msg2353374#msg2353374) ... TL:DR - I would love to continue serving you all, but only as an exclusive US re-seller with standard privileges and protections.
Exclusivity is generally a bad thing, no matter who it is.


good evening, These devices are classified as being part of our open source project. Do you have any way of contacting the outfit that is producing this hardware under the bitcoin logo? This for profit use has never been authorized by the foundation and goes against our mission statement...Ira
  • Bitcoin itself is not exclusively an open source project.
  • I don't think you represent the Foundation (if you do, you should be fired for making stupid posts like this).
  • I am relatively sure that neither the Foundation nor anyone you represent hold any trademarks to the BTC symbol.
  • I don't see any way Bitfountain's consumer devices go against the mission statement of the Foundation.


Title: Re: [Announcement] Block Erupter USB
Post by: Ira H. Fuchs on July 08, 2013, 04:29:54 AM
My loyal USA customers:

If you've been satisfied with my service thus far and want it to continue, I encourage you to contact ASICMiner and provide them with honest feedback about my business practices so they can make an informed decision regarding a re-seller partnership. It would take you 60 seconds to do just one of the following:

  • PM friedcat (https://bitcointalk.org/index.php?action=pm;sa=send;u=49840) - tell him how your experience with me has been and your honest opinion about me becoming an exclusive US re-seller
  • Email ASICMiner (asicminer.usb AT gmail.com) and tell them how your experience with me has been and your honest opinion about me becoming an exclusive US re-seller

Please see my OP (https://bitcointalk.org/index.php?topic=223916.msg2353374#msg2353374) ... TL:DR - I would love to continue serving you all, but only as an exclusive US re-seller with standard privileges and protections.
Exclusivity is generally a bad thing, no matter who it is.


good evening, These devices are classified as being part of our open source project. Do you have any way of contacting the outfit that is producing this hardware under the bitcoin logo? This for profit use has never been authorized by the foundation and goes against our mission statement...Ira
  • Bitcoin itself is not exclusively an open source project.
  • I don't think you represent the Foundation (if you do, you should be fired for making stupid posts like this).
  • I am relatively sure that neither the Foundation nor anyone you represent hold any trademarks to the BTC symbol.
  • I don't see any way Bitfountain's consumer devices go against the mission statement of the Foundation.



good evening, Yes, Bitfountain is a large group of developers out of New York City. I'm so happy to be able to share with you what I know. We believe people need to gain a correct understanding of whats really happening here. Bitcoin is an open sourced project. Demands by administrators has fueled the larger part of this recent push. One example is keeping a way for participants and chaotic leaders on universities from corrupting servers. The blockhain networks are the backbone so proof of work protocols are built on armour txt base nodes. I urge you to read Satosjis' CPU paper again. Satoshi he joined up with the iBrunch development and research team several weeks ago...Ira


Title: Re: [Announcement] Block Erupter USB
Post by: mrb on July 08, 2013, 06:22:42 AM
"Ira H. Fuchs" is a bot. See his nonsensical posting history (https://bitcointalk.org/index.php?action=profile;u=135674;sa=showPosts). Avoid replying to his posts.


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on July 08, 2013, 07:53:42 AM
Why does no one else in the EU just order 1000 direct from friedcat and sort all this out themselves? the whole yxt thibg has turned into a big waiting game for nothing.


Title: Re: [Announcement] Block Erupter USB
Post by: CumpsD on July 08, 2013, 09:22:19 AM
Why does no one else in the EU just order 1000 direct from friedcat and sort all this out themselves? the whole yxt thibg has turned into a big waiting game for nothing.

Because friedcat decided to make deals with people in regions and not ship directly anymore :/


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on July 08, 2013, 09:26:19 AM
so even if i wanted 1000units and had ordered 150units direct from fried cat before, he wouldn't take my order?



Title: Re: [Announcement] Block Erupter USB
Post by: CumpsD on July 08, 2013, 09:28:55 AM
so even if i wanted 1000units and had ordered 150units direct from fried cat before, he wouldn't take my order?

That's what I read from his post, the one with all official sellers per geographic region.


Title: Re: [Announcement] Block Erupter USB
Post by: rammy2k2 on July 08, 2013, 09:30:09 AM
did they just raised the price to 1.99 ?  ???
"The price is fixed at 1.99 BTC"


Title: Re: [Announcement] Block Erupter USB
Post by: evilscoop on July 08, 2013, 11:22:46 AM
did they just raised the price to 1.99 ?  ???
"The price is fixed at 1.99 BTC"

old info, op has not been updated me thinks


Title: Re: [Announcement] Block Erupter USB
Post by: reactor on July 08, 2013, 12:55:38 PM
May I ask what is wrong with wanting to be the *official* US reseller?  This is how channel distribution works, the manufacturer relies on a channel (group of partners, generally arranged by geography) so that they only have to ship to a trusted partner and the trusted partner handles individual sales.  

IMHO, this would be a problem is Kosmo went and purchased 1000 at the .89BTC price and then sold them for 1.5BTC.  But he's been reliable and honorable in all group orders (I research anyone I'm gonna send BTC to, he passed the test).  

Reliable hardware service is something BTC needs.  Right now we're all throwing money at KNC shares and BitFury pre-orders not knowing if the hardware exists / will work.  A lot of people poured money into BFL and they're finally shipping.  Not even gonna touch on Avalon and whatever has happened around batch 2.  And AM seems to have realized that offering hardware at a decent price point for the current dif/share rates makes sense, especially when you can grab all the GPU crowd before they shut down and turn off their BTC operations, or worse move to pump-n-dump coin of the week which only makes a joke of the ideal behind BTC.

But if I know I can reliably order hardware from someone I've ordered from before, I'm happy.  No pissing BTC into the wind hoping magical hashing boxes show up.  

BTW- Full disclosure, ordered 10 erupters from Kosmo that are arriving today, ordered 15 from Eleuthria @ BTCGuild (simply a question of who had or would have inventory).  I trust both of these folks with how much coin I've thrown their way, so I'd be happy to see either or both of them have some exclusive deal so we can order AM hardware in the US with greater reliability.  I've got nothing against the Chinese despite seeing that their country happens to have the manufacturing capacity to make or break BTC right now, but I'd much rather order from the US and have my item shipped from the US than deal with some of the customs issues I've read about recently.


Title: Re: [Announcement] Block Erupter USB
Post by: Ira H. Fuchs on July 08, 2013, 01:36:19 PM
"Ira H. Fuchs" is a bot. See his nonsensical posting history (https://bitcointalk.org/index.php?action=profile;u=135674;sa=showPosts). Avoid replying to his posts.


good morning sir, So do you have any questions? There seems to be a considerable amount of confusion on this board. We are actually looking for designers and engineers who have innovative skills to contribute to the bitcoin project..Ira


Title: Re: [Announcement] Block Erupter USB
Post by: atariguy on July 10, 2013, 03:38:30 PM
May I ask what is wrong with wanting to be the *official* US reseller?  This is how channel distribution works, the manufacturer relies on a channel (group of partners, generally arranged by geography) so that they only have to ship to a trusted partner and the trusted partner handles individual sales.  

IMHO, this would be a problem is Kosmo went and purchased 1000 at the .89BTC price and then sold them for 1.5BTC.  But he's been reliable and honorable in all group orders (I research anyone I'm gonna send BTC to, he passed the test).  

Reliable hardware service is something BTC needs.  Right now we're all throwing money at KNC shares and BitFury pre-orders not knowing if the hardware exists / will work.  A lot of people poured money into BFL and they're finally shipping.  Not even gonna touch on Avalon and whatever has happened around batch 2.  And AM seems to have realized that offering hardware at a decent price point for the current dif/share rates makes sense, especially when you can grab all the GPU crowd before they shut down and turn off their BTC operations, or worse move to pump-n-dump coin of the week which only makes a joke of the ideal behind BTC.

But if I know I can reliably order hardware from someone I've ordered from before, I'm happy.  No pissing BTC into the wind hoping magical hashing boxes show up.  

BTW- Full disclosure, ordered 10 erupters from Kosmo that are arriving today, ordered 15 from Eleuthria @ BTCGuild (simply a question of who had or would have inventory).  I trust both of these folks with how much coin I've thrown their way, so I'd be happy to see either or both of them have some exclusive deal so we can order AM hardware in the US with greater reliability.  I've got nothing against the Chinese despite seeing that their country happens to have the manufacturing capacity to make or break BTC right now, but I'd much rather order from the US and have my item shipped from the US than deal with some of the customs issues I've read about recently.

What would be really great is if he just sent a few hundred thousand of them to Amazon to sell for him.  ;D


Title: Re: [Announcement] Block Erupter USB
Post by: CanaryInTheMine on July 10, 2013, 03:59:33 PM
May I ask what is wrong with wanting to be the *official* US reseller?  This is how channel distribution works, the manufacturer relies on a channel (group of partners, generally arranged by geography) so that they only have to ship to a trusted partner and the trusted partner handles individual sales.  

IMHO, this would be a problem is Kosmo went and purchased 1000 at the .89BTC price and then sold them for 1.5BTC.  But he's been reliable and honorable in all group orders (I research anyone I'm gonna send BTC to, he passed the test).  

Reliable hardware service is something BTC needs.  Right now we're all throwing money at KNC shares and BitFury pre-orders not knowing if the hardware exists / will work.  A lot of people poured money into BFL and they're finally shipping.  Not even gonna touch on Avalon and whatever has happened around batch 2.  And AM seems to have realized that offering hardware at a decent price point for the current dif/share rates makes sense, especially when you can grab all the GPU crowd before they shut down and turn off their BTC operations, or worse move to pump-n-dump coin of the week which only makes a joke of the ideal behind BTC.

But if I know I can reliably order hardware from someone I've ordered from before, I'm happy.  No pissing BTC into the wind hoping magical hashing boxes show up.  

BTW- Full disclosure, ordered 10 erupters from Kosmo that are arriving today, ordered 15 from Eleuthria @ BTCGuild (simply a question of who had or would have inventory).  I trust both of these folks with how much coin I've thrown their way, so I'd be happy to see either or both of them have some exclusive deal so we can order AM hardware in the US with greater reliability.  I've got nothing against the Chinese despite seeing that their country happens to have the manufacturing capacity to make or break BTC right now, but I'd much rather order from the US and have my item shipped from the US than deal with some of the customs issues I've read about recently.

What would be really great is if he just sent a few hundred thousand of them to Amazon to sell for him.  ;D
if Amazon accepted btc, he would have.  ;D


Title: Re: [Announcement] Block Erupter USB
Post by: atariguy on July 10, 2013, 04:20:39 PM
if Amazon accepted btc, he would have.  ;D

Is there a reason only BTC is accepted for them? Just the principle? With BTC being so volatile, I'd think cash would actually be preferable if you're not adjusting the price in BTC to the market...


Title: Re: [Announcement] Block Erupter USB
Post by: Trongersoll on July 10, 2013, 06:29:45 PM
Someone is already trying to sell these on Amazon, for way too much money.  :o


Title: Re: [Announcement] Block Erupter USB
Post by: bitterdog on July 10, 2013, 07:05:10 PM

One thing people might not realize when you sell on Amazon. You do NOT get your money right away. Amazon pays out in 3 week blocks.
So if he sells 1 Block erupter today he will not get paid till 3 Sundays from today. ACH pushes are every Sunday around 2PM PST.


Title: Re: [Announcement] Block Erupter USB
Post by: Adrian-x on July 10, 2013, 07:10:55 PM
if Amazon accepted btc, he would have.  ;D

Is there a reason only BTC is accepted for them? Just the principle? With BTC being so volatile, I'd think cash would actually be preferable if you're not adjusting the price in BTC to the market...
I would agree, but then again "cash" is harder to move around and well you have the regulatory banking industry to deal with.  Given FC pays dividends in XBT, so accepting cash complicates the bookkeeping and dividends.

Moreover, FC has to convert the XBT to RMB to pay expenses, so  it is good that he has to sell some, and well the rest of the market gets access to that.

So in conclusion its good for the XBT economy that it works this way.  


Title: Re: [Announcement] Block Erupter USB
Post by: atariguy on July 10, 2013, 08:35:57 PM

One thing people might not realize when you sell on Amazon. You do NOT get your money right away. Amazon pays out in 3 week blocks.
So if he sells 1 Block erupter today he will not get paid till 3 Sundays from today. ACH pushes are every Sunday around 2PM PST.

Not sure where you get that from - Amazon pays me weekly or on demand, my choice, and that includes all shipped orders at that point. I just wish they didn't take 20%. At least it's better than the 30% they take on Android apps (which they do delay payment on by a month).


Title: Re: [Announcement] Block Erupter USB
Post by: atariguy on July 10, 2013, 08:38:45 PM
I would agree, but then again "cash" is harder to move around and well you have the regulatory banking industry to deal with.  Given FC pays dividends in XBT, so accepting cash complicates the bookkeeping and dividends.

Moreover, FC have to convert the XBY to RMB to pay expenses, so  it is good that he has to sell some, and well the rest of the market gets access to that.

So in conclusion its good for the XBT economy that it works this way.  

Well, at least the advantage to the buyer is that they've gotten a whole lot cheaper in the last week...


Title: Re: [Announcement] Block Erupter USB
Post by: gacbmmml on July 15, 2013, 03:17:50 PM
Someone is already trying to sell these on Amazon, for way too much money.  :o
You can buy them on Amazon for $150 USD. You can buy them on BTCGuild for 1 BTC (~95$). So it's only a 50% upcharge to pay with USD.


Title: Re: [Announcement] Block Erupter USB
Post by: Benny1985 on July 15, 2013, 04:39:31 PM
Has Friedcat replied to anyone about further USB sales?

I PMed him about 5 days ago about buying more. He replied with an address to send the coinage to for purchase. I sent the coins to him, but haven't heard from him since I sent (on the 11th). According to the blockchain, he hasn't redeemed them, either.

Does anyone know what's up? I've E-mailed him / PMed him about this, and no response. This has me rather worried if not aggravated, because I was hoping to get them soon.


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on July 15, 2013, 08:48:37 PM
Eligius is now offering Block Erupter Sapphire USB miner collectables for sale in the new Products section (http://eligius.st/~gateway/products/block-erupter-sapphire).
All units come with Eligius branding (USB device info), and tested against DOA.
The price of 640 TBC (1.05 BTC) already includes US continental shipping.
These are fulfilled through CanaryInTheMine and currently only available in the USA.


Title: Re: [Announcement] Block Erupter USB
Post by: CanaryInTheMine on July 16, 2013, 04:33:41 AM
Eligius is now offering Block Erupter Sapphire USB miner collectables for sale in the new Products section (http://eligius.st/~gateway/products/block-erupter-sapphire).
All units come with Eligius branding (USB device info), and tested against DOA.
The price of 640 TBC (1.05 BTC) already includes US continental shipping.
These are fulfilled through CanaryInTheMine and currently only available in the USA.
First orders have already shipped out  ;D


Title: Re: [Announcement] Block Erupter USB
Post by: gateway on July 16, 2013, 05:27:08 AM
Eligius is now offering Block Erupter Sapphire USB miner collectables for sale in the new Products section (http://eligius.st/~gateway/products/block-erupter-sapphire).
All units come with Eligius branding (USB device info), and tested against DOA.
The price of 640 TBC (1.05 BTC) already includes US continental shipping.
These are fulfilled through CanaryInTheMine and currently only available in the USA.
First orders have already shipped out  ;D
+1


Title: Re: [Announcement] Block Erupter USB
Post by: finlof on July 16, 2013, 07:28:20 AM
Has Friedcat replied to anyone about further USB sales?

I PMed him about 5 days ago about buying more. He replied with an address to send the coinage to for purchase. I sent the coins to him, but haven't heard from him since I sent (on the 11th). According to the blockchain, he hasn't redeemed them, either.

Does anyone know what's up? I've E-mailed him / PMed him about this, and no response. This has me rather worried if not aggravated, because I was hoping to get them soon.
I know that I had a similar experience, and he finally replied after a few days with a tracking number and I actually received them the next day from that.  overall process after sending him the BTC was right at 7 days.

p.s. - you wont see the BTC "redeemed" until it is time for the dividend pmt (Wed)


Title: Re: [Announcement] Block Erupter USB
Post by: sinner on July 27, 2013, 11:57:20 AM
saw something on r/bitcoin that these are going for .6BTC now? is that correct? where can u buy them?


Title: Re: [Announcement] Block Erupter USB
Post by: Boelens on July 27, 2013, 01:08:35 PM
saw something on r/bitcoin that these are going for .6BTC now? is that correct? where can u buy them?

I've heard someone say that in August they'll go for 0.6BTC, unsure though.


Title: Re: [Announcement] Block Erupter USB
Post by: Boelens on July 27, 2013, 02:01:43 PM
About how much mA do these use?


Title: Re: [Announcement] Block Erupter USB
Post by: systic on July 27, 2013, 04:27:38 PM
About how much mA do these use?
<500ma


Title: Re: [Announcement] Block Erupter USB
Post by: KyrosKrane on July 27, 2013, 07:20:54 PM
About how much mA do these use?
<500ma
Actually, it seems they're actually more like 500-550mA.  They get power from the USB bus, but if you have an unpowered or underpowered hub, it won't be able to supply the full 500mA, and your Erupter won't run or will report tons of errors.  Especially true if you're running multiple Erupters from one hub.


Title: Re: [Announcement] Block Erupter USB
Post by: systic on July 27, 2013, 07:26:32 PM
The emerald batch was 500-550 the saphite (current) is <500

From the first post in this thread "Reducing the heat generated and the current to <500mA"


Title: Re: [Announcement] Block Erupter USB
Post by: Ridicuss on July 27, 2013, 11:39:40 PM
saw something on r/bitcoin that these are going for .6BTC now? is that correct? where can u buy them?

I've heard someone say that in August they'll go for 0.6BTC, unsure though.

At the BTCguild asic store for 0.6BTC now.


Title: Re: [Announcement] Block Erupter USB
Post by: MineForeman.com on July 27, 2013, 11:51:13 PM
saw something on r/bitcoin that these are going for .6BTC now? is that correct? where can u buy them?

I've heard someone say that in August they'll go for 0.6BTC, unsure though.

At the BTCguild asic store for 0.6BTC now.

Does anyone have an 'official' announcement for this?  I see that a few group buys have already done it as well.


I would like to jump on this bandwagon while it is going ;) .

Neil


Title: Re: [Announcement] Block Erupter USB
Post by: Anenome5 on July 28, 2013, 01:15:20 AM
BTCguild's online store is selling them for 0.6 BTC right now. Purchase queue over 600 now.


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on July 28, 2013, 01:28:13 AM
Eligius has them for 340 TBC (0.55 BTC) now.


Title: Re: [Announcement] Block Erupter USB
Post by: Anenome5 on July 28, 2013, 01:32:33 AM
Eligius has them for 340 TBC (0.55 BTC) now.
And you can choose your color there.


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on July 28, 2013, 02:13:29 AM
Eligius has them for 340 TBC (0.55 BTC) now.
And you can choose your color there.
Well, you can express a preference - I don't know how much of each colour Canary has stocked, though.


Title: Re: [Announcement] Block Erupter USB
Post by: 420 on July 28, 2013, 02:48:55 AM
current under 500ma? what is the real value

could two of these be powered by one usb 3.0 port, max is 900ma i believe


Title: Re: [Announcement] Block Erupter USB
Post by: bitterdog on July 28, 2013, 05:20:22 AM

One thing people might not realize when you sell on Amazon. You do NOT get your money right away. Amazon pays out in 3 week blocks.
So if he sells 1 Block erupter today he will not get paid till 3 Sundays from today. ACH pushes are every Sunday around 2PM PST.

Not sure where you get that from - Amazon pays me weekly or on demand, my choice, and that includes all shipped orders at that point. I just wish they didn't take 20%. At least it's better than the 30% they take on Android apps (which they do delay payment on by a month).
I have been selling painting stencils for almost a year they pay on a rolling 3 week block on the Individual selling plan


Title: Re: [Announcement] Block Erupter USB
Post by: kano on July 28, 2013, 11:03:37 AM
... and anyone with a few of them trying to get them working on cgminer latest git instead of 3.1.1

An update about libusb in case anyone was wondering ...
https://bitcointalk.org/index.php?topic=28402.msg2817682#msg2817682

Basically I'm just verifying (trying to get others to check also) that it is indeed the version of libusb that's the problem.
Upgrading libusb may resolve it ... but once I have verified if it is the cause I'll go with including the latest libusb in the cgminer directory to ensure people are using a working version


Title: Re: [Announcement] Block Erupter USB
Post by: atariguy on July 29, 2013, 02:36:29 AM

One thing people might not realize when you sell on Amazon. You do NOT get your money right away. Amazon pays out in 3 week blocks.
So if he sells 1 Block erupter today he will not get paid till 3 Sundays from today. ACH pushes are every Sunday around 2PM PST.

Not sure where you get that from - Amazon pays me weekly or on demand, my choice, and that includes all shipped orders at that point. I just wish they didn't take 20%. At least it's better than the 30% they take on Android apps (which they do delay payment on by a month).
I have been selling painting stencils for almost a year they pay on a rolling 3 week block

Are you having them "fulfilled by Amazon" or shipping yourself? That may be the difference.


Title: Re: [Announcement] Block Erupter USB
Post by: 420 on July 30, 2013, 03:25:17 AM
anyone know the real power consumption?


Title: Re: [Announcement] Block Erupter USB
Post by: bitterdog on July 30, 2013, 05:15:35 AM

One thing people might not realize when you sell on Amazon. You do NOT get your money right away. Amazon pays out in 3 week blocks.
So if he sells 1 Block erupter today he will not get paid till 3 Sundays from today. ACH pushes are every Sunday around 2PM PST.

Not sure where you get that from - Amazon pays me weekly or on demand, my choice, and that includes all shipped orders at that point. I just wish they didn't take 20%. At least it's better than the 30% they take on Android apps (which they do delay payment on by a month).
I have been selling painting stencils for almost a year they pay on a rolling 3 week block

Are you having them "fulfilled by Amazon" or shipping yourself? That may be the difference.

myself - Individual Plan

https://sellercentral.amazon.com/gp/help/help-popup.html?itemID=200726720 (https://sellercentral.amazon.com/gp/help/help-popup.html?itemID=200726720)

The reserve amount reflects orders confirmed as shipped during the 14 days immediately preceding each settlement date, per our policy on disbursements for sellers on the Individual Selling plan.


Title: Re: [Announcement] Block Erupter USB
Post by: Anenome5 on July 30, 2013, 06:55:01 AM
anyone know the real power consumption?
2.5 watts.


Title: Re: [Announcement] Block Erupter USB
Post by: Luke-Jr on July 30, 2013, 08:52:04 AM
anyone know the real power consumption?
0. tonal effects


Title: Re: [Announcement] Block Erupter USB
Post by: atariguy on July 30, 2013, 07:49:26 PM

One thing people might not realize when you sell on Amazon. You do NOT get your money right away. Amazon pays out in 3 week blocks.
So if he sells 1 Block erupter today he will not get paid till 3 Sundays from today. ACH pushes are every Sunday around 2PM PST.

Not sure where you get that from - Amazon pays me weekly or on demand, my choice, and that includes all shipped orders at that point. I just wish they didn't take 20%. At least it's better than the 30% they take on Android apps (which they do delay payment on by a month).
I have been selling painting stencils for almost a year they pay on a rolling 3 week block

Are you having them "fulfilled by Amazon" or shipping yourself? That may be the difference.

myself - Individual Plan

https://sellercentral.amazon.com/gp/help/help-popup.html?itemID=200726720

The reserve amount reflects orders confirmed as shipped during the 14 days immediately preceding each settlement date, per our policy on disbursements for sellers on the Individual Selling plan.

Huh. I do my own shipping as well, but seriously, they'll actually pay me for something the day I ship it if I want them to. I've been a seller for many years, though, I wonder if that makes a difference?


Title: Re: [Announcement] Block Erupter USB
Post by: DobZombie on August 03, 2013, 01:06:22 PM
A rev.3 ASICMINER USB Block Erupter has been added to The Bitcoin Museum (https://www.thebitcoinmuseum.com)

https://www.thebitcoinmuseum.com/ImageDrop/ASICM.usb.BE.sml.1.jpg (https://www.thebitcoinmuseum.com)

https://www.thebitcoinmuseum.com/ImageDrop/ASICM.usb.BE.sml.2.jpg (https://www.thebitcoinmuseum.com)

Can anyone tell me when the revision 3 board was released and when it was first reported to be in use? Just want to have a complete entry :)


Title: Re: [Announcement] Block Erupter USB
Post by: astutiumRob on August 07, 2013, 02:33:59 AM
A rev.3 ASICMINER USB Block Erupter has been added to The Bitcoin Museum (https://www.thebitcoinmuseum.com)
Can anyone tell me when the revision 3 board was released and when it was first reported to be in use? Just want to have a complete entry :)
ISTR v3 was announced June 28th, my saphire version stick started mining on July 3rd


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on August 07, 2013, 01:31:07 PM
several units in stock if anyone is looking.... 0.55BTC each


Title: Re: [Announcement] Block Erupter USB
Post by: john_nalpa on August 07, 2013, 01:41:51 PM
Selling 10 at 0.5BTC each, free shipping to USA.


Title: Re: [Announcement] Block Erupter USB
Post by: DobZombie on August 07, 2013, 02:42:30 PM
A rev.3 ASICMINER USB Block Erupter has been added to The Bitcoin Museum (https://www.thebitcoinmuseum.com)
Can anyone tell me when the revision 3 board was released and when it was first reported to be in use? Just want to have a complete entry :)
ISTR v3 was announced June 28th, my saphire version stick started mining on July 3rd

You got a link to the announcement? 

Is sapphire the name of Rev.3?


Title: Re: [Announcement] Block Erupter USB
Post by: kmtan on August 07, 2013, 03:05:23 PM
China is out of stock, i think the sales is great...   


Title: Re: [Announcement] Block Erupter USB
Post by: dnaleor on August 07, 2013, 03:14:53 PM
I guess a new price cut in september :P

1.99 BTC (initial) << June
1.00 BTC (-50%) << July
0.60 BTC (-40%) << August
0.42 BTC (-30%) << September


Title: Re: [Announcement] Block Erupter USB
Post by: astutiumRob on August 10, 2013, 12:14:34 AM
You got a link to the announcement? 
The thread you're posting in :p
(although the posts have had several edits now)

Is sapphire the name of Rev.3?
Yes.


Title: Re: [Announcement] Block Erupter USB
Post by: Boelens on August 24, 2013, 10:27:39 PM
I saw a blue block erupter somwhere - is this a limited edition, a new one, or?..


Title: Re: [Announcement] Block Erupter USB
Post by: joeventura on August 24, 2013, 10:31:34 PM
Selling 10 at 0.5BTC each, free shipping to USA.

Your kidding right?

5 Star Scammer


Title: Re: [Announcement] Block Erupter USB
Post by: gacbmmml on October 08, 2013, 07:48:58 PM
The Oct. price is 0.13 each at btcguild.com - just FYI. I expect it to be under 0.10 by the end of the year, but by then the difficulty will be so high, you'd need 10 of these to pull in 0.05 BTC a day.


Title: Re: [Announcement] Block Erupter USB
Post by: btceic on October 08, 2013, 07:53:40 PM
0.075 from SilentSonicBoom: https://bitcointalk.org/index.php?topic=307095.msg3299384#msg3299384
0.070 from CanaryInTheMine: https://bitcointalk.org/index.php?topic=303640.0


Title: Re: [Announcement] Block Erupter USB
Post by: TiuraZ on October 08, 2013, 09:41:41 PM
0.075 from SilentSonicBoom: https://bitcointalk.org/index.php?topic=307095.msg3299384#msg3299384
0.070 from CanaryInTheMine: https://bitcointalk.org/index.php?topic=303640.0

And 0.15BTC from http://www.asicminer-shop.de/  :-\  >:(  :(


Title: Re: [Announcement] Block Erupter USB
Post by: mdude77 on October 09, 2013, 09:00:05 AM
The Oct. price is 0.13 each at btcguild.com - just FYI. I expect it to be under 0.10 by the end of the year, but by then the difficulty will be so high, you'd need 10 of these to pull in 0.05 BTC a day.

Um, your estimate is a little off.  I've got 34 right now and I'm barely getting 0.02 BTC a day.

M


Title: Re: [Announcement] Block Erupter USB
Post by: easynote on October 09, 2013, 12:57:00 PM
Elasticband is selling cheaper than yxt ;)


Title: Re: [Announcement] Block Erupter USB
Post by: Rival on October 09, 2013, 01:46:53 PM
The Oct. price is 0.13 each at btcguild.com - just FYI. I expect it to be under 0.10 by the end of the year, but by then the difficulty will be so high, you'd need 10 of these to pull in 0.05 BTC a day.

Um, your estimate is a little off.  I've got 34 right now and I'm barely getting 0.02 BTC a day.

M

Your estimate is a bit off. I have 9 of them and I am getting almost exactly 0.01 BTC per day. You are doing something very wrong with 34 of them.  11Gh/s should be doing far more than 0.02 BTC per day.


Title: Re: [Announcement] Block Erupter USB
Post by: reactor on October 09, 2013, 03:14:50 PM
The Oct. price is 0.13 each at btcguild.com - just FYI. I expect it to be under 0.10 by the end of the year, but by then the difficulty will be so high, you'd need 10 of these to pull in 0.05 BTC a day.

Um, your estimate is a little off.  I've got 34 right now and I'm barely getting 0.02 BTC a day.

M

Your estimate is a bit off. I have 9 of them and I am getting almost exactly 0.01 BTC per day. You are doing something very wrong with 34 of them.  11Gh/s should be doing far more than 0.02 BTC per day.

PPLNS @ BTCGuild is giving around .019/day return for 7.6GH, which I think is like 21/22 of them.  I don't physically have the hardware but I can come back and edit later when I find out how many our account is still running.  But still, do the math, they aren't worth it at the current price except as cool novelties. :( 


Title: Re: [Announcement] Block Erupter USB
Post by: mdude77 on October 10, 2013, 12:40:42 AM
The Oct. price is 0.13 each at btcguild.com - just FYI. I expect it to be under 0.10 by the end of the year, but by then the difficulty will be so high, you'd need 10 of these to pull in 0.05 BTC a day.

Um, your estimate is a little off.  I've got 34 right now and I'm barely getting 0.02 BTC a day.

M

Your estimate is a bit off. I have 9 of them and I am getting almost exactly 0.01 BTC per day. You are doing something very wrong with 34 of them.  11Gh/s should be doing far more than 0.02 BTC per day.

It actually wasn't an estimate.  It's what the pool was reporting at the time.  It's up to almost .03 at the time, must have been bad luck.  With difficulty just changing, I didn't have a way to gauge off the top of my head what my average was.

According to http://www.bitcoinx.com/profit/, I should get about .0319 per 24hr with 12gh/s.  Regardless, it's no where close to 10 for 0.05 BTC as originally estimated.

M


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on October 10, 2013, 01:04:46 AM
0.075 from SilentSonicBoom: https://bitcointalk.org/index.php?topic=307095.msg3299384#msg3299384
0.070 from CanaryInTheMine: https://bitcointalk.org/index.php?topic=303640.0

And 0.15BTC from http://www.asicminer-shop.de/  :-\  >:(  :(

by them from me for 0.095 - 0.09BTC, shipping out of NL


Title: Re: [Announcement] Block Erupter USB
Post by: Darkhand on October 10, 2013, 04:39:26 AM
But still, do the math, they aren't worth it at the current price except as cool novelties. :(  

Hang on, I've been using 0.07BTC per Eruptor and 330 MH/s as a base for estimating the cost efficiency of most everything else, and so far have only found one unit that's truly for sale that actually beats it.

For example, at the moment Canary also sells blades for 2.75BTC.  Those run at about 10.7 GH/s.  So we take 10700 and divide by 330, and get ~32.4.  So it takes that many eruptors to equal the hashing speed of one blade.  Let's round up to 33 units, and multiply 33 by 0.07.  That gives us a cost of 2.31BTC worth of eruptors to equal the hashing speed of a 2.75BTC blade.  Same speed, for 0.44BTC less.

The eruptors win!  Or is my math completely off?


Title: Re: [Announcement] Block Erupter USB
Post by: yourofl10 on October 10, 2013, 04:58:42 AM
But still, do the math, they aren't worth it at the current price except as cool novelties. :(  

Hang on, I've been using 0.07BTC per Eruptor and 330 MH/s as a base for estimating the cost efficiency of most everything else, and so far have only found one unit that's truly for sale that actually beats it.

For example, at the moment Canary also sells blades for 2.75BTC.  Those run at about 10.7 GH/s.  So we take 10700 and divide by 330, and get ~32.4.  So it takes that many eruptors to equal the hashing speed of one blade.  Let's round up to 33 units, and multiply 33 by 0.07.  That gives us a cost of 2.31BTC worth of eruptors to equal the hashing speed of a 2.75BTC blade.  Same speed, for 0.44BTC less.

The eruptors win!  Or is my math completely off?

I think your math is right. You would have to factor in the hubs though for all 33 units though to get a better idea/estimate.


Title: Re: [Announcement] Block Erupter USB
Post by: TiuraZ on October 10, 2013, 07:06:45 AM
0.075 from SilentSonicBoom: https://bitcointalk.org/index.php?topic=307095.msg3299384#msg3299384
0.070 from CanaryInTheMine: https://bitcointalk.org/index.php?topic=303640.0

And 0.15BTC from http://www.asicminer-shop.de/  :-\  >:(  :(

by them from me for 0.095 - 0.09BTC, shipping out of NL

Nice to see some competition  :) Monopoly is baaad!


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on October 10, 2013, 07:54:56 AM
0.075 from SilentSonicBoom: https://bitcointalk.org/index.php?topic=307095.msg3299384#msg3299384
0.070 from CanaryInTheMine: https://bitcointalk.org/index.php?topic=303640.0

And 0.15BTC from http://www.asicminer-shop.de/  :-\  >:(  :(

by them from me for 0.095 - 0.09BTC, shipping out of NL

Nice to see some competition  :) Monopoly is baaad!

the monopoly on eu prices has been shocking, the profits earned are massive and not fair on end user, the small miner!!! this is why I invested in becoming a seller :) 


Title: Re: [Announcement] Block Erupter USB
Post by: markm on October 10, 2013, 07:56:28 AM
Yeah in Canada too there is a monopoly going on so high prices here also.

-MarkM-


Title: Re: [Announcement] Block Erupter USB
Post by: elasticband on October 10, 2013, 08:03:23 AM
Yeah in Canada too there is a monopoly going on so high prices here also.

-MarkM-


right now single units from Germany have a over 100% mark up in price..... crazy!!! i get that sending single units can be a pain but not so much every single orser needs over 100% profit.


Title: Re: [Announcement] Block Erupter USB
Post by: 12gaFacelift on October 10, 2013, 02:54:20 PM
I was going to buy 10 here in canada but at the price i will wait someone from usa or europe that is open to send in canada.


Title: Re: [Announcement] Block Erupter USB
Post by: cad_cdn on October 10, 2013, 02:58:42 PM
+1

Yeah in Canada too there is a monopoly going on so high prices here also.

-MarkM-



Title: Re: [Announcement] Block Erupter USB
Post by: SpaceCadet on October 11, 2013, 03:48:32 AM

Hang on, I've been using 0.07BTC per Eruptor and 330 MH/s as a base for estimating the cost efficiency of most everything else, and so far have only found one unit that's truly for sale that actually beats it.


I see the same way as you, but I'm curious to know what you found that has a better BTC/hash rate (well, this week :)


Title: Re: [Announcement] Block Erupter USB
Post by: rupy on October 11, 2013, 08:02:12 AM
BrandBTC/GHW/GH
KnC0,061
BFSB0,141
BEUSB0,217
BFL0,355

If you buy any of these with fiat you will probably get your money back if BTC price increases.

BTC is not chasing hardware any longer though.


Title: Re: [Announcement] Block Erupter USB
Post by: klondike_bar on October 11, 2013, 11:53:39 AM
BrandBTC/GHW/GH
KnC0,061.5
BFSB0,140.8
BEUSB0,217
BFL0,355

If you buy any of these with fiat you will probably get your money back if BTC price increases.

BTC is not chasing hardware any longer though.

FTFY


Title: Re: [Announcement] Block Erupter USB
Post by: GodHatesFigs on October 11, 2013, 02:12:58 PM
BrandBTC/GHW/GH
KnC0,061
BFSB0,141
BEUSB0,217
BFL0,355

If you buy any of these with fiat you will probably get your money back if BTC price increases.

BTC is not chasing hardware any longer though.

How many times must it be explained that fiat appreciation is irrelevant with regards to ROI...


Title: Re: [Announcement] Block Erupter USB
Post by: mdude77 on October 11, 2013, 02:17:44 PM
BrandBTC/GHW/GH
KnC0,061
BFSB0,141
BEUSB0,217
BFL0,355

If you buy any of these with fiat you will probably get your money back if BTC price increases.

BTC is not chasing hardware any longer though.

How many times must it be explained that fiat appreciation is irrelevant with regards to ROI...

Depends on how you look at things.  May be irrelevant to you, but not to others.

M


Title: Re: [Announcement] Block Erupter USB
Post by: DPoS on October 11, 2013, 02:47:40 PM
BrandBTC/GHW/GH
KnC0,061
BFSB0,141
BEUSB0,217
BFL0,355

If you buy any of these with fiat you will probably get your money back if BTC price increases.

BTC is not chasing hardware any longer though.

How many times must it be explained that fiat appreciation is irrelevant with regards to ROI...

Depends on how you look at things.  May be irrelevant to you, but not to others.

M

how many times people have to counter with 'how many bitcoins can you buy on a credit card??'

well if you can buy miners on credits cards (0% intro rate of course) but not bitcoins how can one say 'you should of just bought bitcoins with your money instead of miners' ???

understand now why people still rate increase of BTC as part of their ROI?



Title: Re: [Announcement] Block Erupter USB
Post by: Rival on October 15, 2013, 11:55:17 AM