Bitcoin Forum

Hi Guys !
I really would like to have a few of these "Block Erupter(s)" and I'm pretty sure many of you would like to have them too ! but the issue being that we need a order of 300 to get them :/

So as usual we have a "Group Buy" to overcome the issue of 300 orders, I've setup a store on our site with the product and bitcoin payment accepting service.

Why trust me/us ?
We were the first to come up with a exchange for india (alll the code), but due to regulations we had to well, close it :/ So as you see "we can get things done" ;) we do plan to make a crypto <-> crypto exchange soon (but not so soon)

Link to the miner :
http://bitocean.in/index.php?id_product=8&controller=product

It's simple, if we get 300 orders we buy the lot, if not we keep waiting upto 3 months, after which we just refund everyone.

Updates :
Site going down for a few mins..

Site is back ! order link updated, shipping cost included in the price.

----

AsicMiner has started to ship these, and we could really quickly get a batch going I'd suppose.

Hmm, no one interested?

We may need to do some advertising outside the forum as well to gauge interest.

Hmm, that's true, the only thing that I feel may not work is the price tag :-\

I agree with that as well. Else 600 BTC is fairly affordable as an amount to invest in something this solid.

Hmm, that's true, this miner is the most efficient I've seen in a long long time, I hope we can reach 300 as I'd really like one too

How many orders have you got yet?

As of now, 2 - one for me and one for a friend of mine.

How many MH/sec or KH/sec will i get while mining ?

I might be interested in getting but i have no idea when will u reach the milestone

Same question ^
also i doubt you will even reach 20 orders. 300 orders and 3 month time frame is too much specially when bitcoin's price is going up and down daily.

i'm interested, but will you post to australia?

Gives out 300 Mhash

Sure, as long as you're willing to cover the shipping fee, I can ship it :-)

Well, that's the tiny risk involved, but yes, if we don't get enough orders everyone will be refunded.

Instead why dont you Invest money on  http://wpamining.com/#main (http://wpamining.com/#main)

Cost 1.9 BTC for 2.2 GHs & is equally risky investment. 

Is it legit?

I have no idea if it is Legit, they are only accepting pre-orders at this point so I would stay far away from any ASIC pre-orders as we all know how that story unfolds except if you are buying from Avalon.

Also if you have monies to spend 13k why not invest on BFL singles at least you get more hashing power but have to pay 88$ for shipping extra when they start to ship ;)

BFL has already been ordered. Just looking at immediate shippers for now.

Yeah, this will be much faster in a way, as the manufacturer will be starting to accept orders soon (in a week or so)

I doubt any one in India will bring the whole batch 300 USB miners here. At least why not to start thread and see if there can be group buy.

Also it is possible and more realistic to join other group buys like UK group, then they will ship it to India.

In any way it is purely symbolic thing, you can say I own ASIC. With all those terahashes joining network 300mgh is like something, which is better then nothing. Only ASICminer now 15TH/s, each Avalon chips batch 2.8 TH/s there is 3 already in process, and like each 4-5 weeks another 2.8 TH/s. The thing escalating very quickly.

BFL may ship too, better late then never.

Yeah, I picked up another 7850 today for alt coins.

How many cards do you mine with Benson,  what is your power bill.

I have 3 ATI 5850 which used for mining but power bill is just too much with all the three cards running.

I have very few cards left that are mining all over the place. I used to remote connect (with permission) to my friends systems and set up miners on them.
I stopped that a while ago.

I find power bills affordable and that seems to be more important to me for now.

people was considering power bill too high 6 month ago too. consider what bitcoins will cost 6 month from now. And no doubt bitcoins will cost a lot, cause few people on top (who control mining) always will be interested to keep btc rate high, by selling little.

Looks like it's IMPOSSIBLE to get 300 orders just from India, I'll have a look at shipping methods/pricing and allow people from all over to purchase as long as they bear the shipping cost

How about working with another Teams group buy?

that's something I want to avoid, as the main supplier, ships the miner for free and if we were to go with another groupbuy the price will go up by at least 500 - 600 rupees per miner to cover the shipping cost of the miners to India

Yes but 300x13000 is a pretty big amount to collect.

It's better to buyin with some other group and get all miners shipped to india at 1 single place and then distribute it here.

IMHO i think its much better to invest that amount in buying btc and trading as that would be significantly more profitable.. Mining is getting progressively difficult and profitability is decreasing day by day.. if these miners could mine alternate coins then that would have been much better..

this miners can mine alternative cryptos very well, those cryptos which are SHA-256. Trading and mining do not contradict each other, you can mine some alternative crypto currency with these USB ASIC and use it to start trading.

here is nice table for alt coins

http://www.coinwarz.com/cryptocurrency

In fact most people who will buy those ASIC USB will do exactly that, mine alt coins. Mostly counting on future grow.

Now thats interesting.. so i can mine lets say litecoin or feathercoin with it ??

No, LTC and FTC are based on scrypt.

Hey Guys,
Anyone still interested in these ? Friedcat has started to ship these, and if we can get 300 orders we can really get this going :/

Ps, I know 300 orders is a lot and the cash is again a lot :/ almost 13k each device

wow! it looks better than i expected..seems a quality product..
anyone here ordered these?

look at them colors ! beautiful .. just a bit too expensive in my opinion. Have the deliveries started yet? someone please put up a youtube vid of them in action

Just an update :
(https://bitcointalk.org/index.php?topic=217104.0)

friedcat has reduced the order numbers to 50 from 300 (before)

@ 300mh/s per device it seems ROI time will be  months to a year depending how far up north difficulty goes. Not a cool investment I guess.

it can give around 380 mgh. I can import it if there will be demand on 3btc per USB miner.

I am interested....... Please count me.

Any supplier in India, Present?

you can be the first

Hey guys. I've bought some in a group buy and that devices are very sweet  ;)

The minimum amount is reduced to 50 (+1 for free) and i almost can order that amount alone. If someone is interested you can jump in. The price will be around 2.25 BTC (including shipping and fees). Feel free to PM and ask questions.

@ 2.26B including shipping one will never break even, Ideal price for these sticks is Less than ~ 1 Btc if any body buying these wants to make any profit in few months.

I have organized several group buy of USB Miners and Avalon chips in China. See my signature to get those links.

If you are interested, I can send you at 2.18 BTC at least 5 miners including shipping fees.

Thanks,
Jimmy

Too hard to break even at this price

Price has been dropped to 1 BTC each. At that value, its about 3.3 BTC per Ghash.

Now only if difficulty would stop increasing but ..... once can dream to make return on this investment  :-*

This is a good investment. 1 BTC for 300 Mhash/s is not too bad.