Bitcoin Forum

This is the permanent place for announcing ASICMINER Hardware news. The information on all former related threads might be obsolete.

Contact
Users who bought our hardware before are recommended to switch to the new e-mail address for troubleshooting and support. And for new users, please make sure you use the new e-mail address.

The new e-mail address is (asicminer.help@gmail.com).

For warranty replacement, please contact the reseller first. From now on, the corresponding reseller will fulfill your warranty directly if the products are sold via resellers.

Current Resellers in Each Zone

US: eleuthria, CanaryInTheMine, SilentSonicBoom
Canada: teek
EU, Switzerland and North Europe: yxt
China, Taiwan, Hong Kong and Macau: rockxie
Australia: asicminer@swishbits.com.au
India: Pinwheel(TBD)

Purchasers from the rest of the world can buy the products directly from us.

Products Update

Please note that the resellers usually get the products after one week or more
from the day we ship out.

Blade (Old Model):
  Restocking date - August 11, 2013
  Spec: 10GH/s guaranteed. 10.752GH/s rated. 12.829GH/s overclocked.

USB
  Restocking date - August 11, 2013
  Spec: 336MH/s rated.

Blade (New Model):
  Availability date - TBD
  Spec: More info TBD.

(To be extended)

Reserved

Good to hear from you again! :)

When will the pricing be announced?

Store Updates:
This weekend (possibly as early as Friday night), you will be able to place orders for ASICMINER Blades.  Exact pricing is not yet finalized.  Inventory is not in stock, but will be ordered from ASICMINER Sunday evening (earliest date available) and shipped out within 24 hours of arriving.

USB Block Erupters will also be back in stock at ASICMINER Sunday evening.  Expecting the full shipping queue to be completely filled within 48 hours of new inventory arriving.

Great News. Can't wait for the new ones.

Your product is expensive, but most of the time got stocks, and for goodness sake please lower down your prices.

I'm guessing 14.5 BTC per 13GH/s blade

Great news friedcat. You always come to tell us some really good news  :D

Mmmmmm blades - hope it's a good price...

Friedcat was out of stock, meaning prices were too low  ;)

great news！
keep going on!!

not best news but sometimes just news is good news

thanks!

what store are u talking abt ?

Great news. :D

expected Speed of new Blade model?

They are even more expensive than listed if you think about it because he grows his own mining operation at a magnitude higher than the hashrate you bought from him.  Sending back your own ROI even further.

Great news friedcat.

Thanks for the update

5BTC/share here we come.

BTC Guild store

YAY!  ;D

I just checked the btcguild store. 922 backorders on usb miner. Lower the price to make it at least look like profitable........ ;)

Even at 0.6 they will STILL NOT earn back their cost.

People are still buying them, so why bother with lower price? What purpose does it serve for the producent?

Because they are an ASIC that you can purchase and have delivered in less than a week.  No other vendor can say that right now.  

Definitely interested in seeing blade pricing and specs, this is an interesting time to buy hardware.

Also, this post is why AM/Friendcat continue to get business from the community.  The price change for the USB's was shaky since it came through the retail channel and not AM directly, but providing dates, official resellers, etc., this is how you run a business.

Any information about the specs of the new blade?

Thanks for the update ;D looking forward to more information on those blades.

Why even bother to link that?  It's a copy/paste of the OP from this thread.

It's spam. Compare the username with the URL...

 ;D 非常好！

Nice update!

great :)

Who is this "teek" guy for Canada? Never heard of him.

Great update friedcat. Thanks for the public announcement!

Right here :)  www.wtcr.ca

Great News Friedcat.
Any updates on the pricing.? or any ETA when the pricing will be released.?

Was that news?

AM shares needed a boost here...5BTC per share come on!

well, it's better than the bombshell that avalon dropped.

you'll be hearing from me the second pricing on new blades is announced! Based on the block erupter prices and profitability, hopefully we can see prices in the 0.8-1.1BTC/Ghash range!

Thanks for the updates.

what will the erupters cost?

I'm asking myself: who is going to buy these old machines. Is it for a museum ? Do you really expect some ROI ? :D

Money making machines (only for those who made it with your money ; )

Well this is the Aliexpress price:

http://www.aliexpress.com/item/ASICMINER-Bitcoin-Miner-5GHS-new-version-Contact-me-before-you-pay-Limited-quantity-Old-customers-first/1112611704.html

It's about 15-ish BTC for 5GH/s model (keeping in mind no one currently has 5GH/s+ units in stock in the West). Seller guarantees delivery in 15 days.

friedcat, are these models on Aliexpress illegal clones or are these legit models selling thru a different channel?

lol at that price they better be a ripoff clone, you can buy 5 gh/s of usb's for $600

Aw, OK got it.

Pricing: 0.69BTC

Why the significant difference over US pricing?

I wonder how they decide which color to make the Erupters. Mine are mostly Black & Red. out of 30, i have 4 Gold ones and 1 Silver one. I think they should make new ones Blue.

When will the share transfer mess will be solved with deadterra / Bitfunder ?

You haven't replied to my emails about it.

Following

Exceptional Watchlist  :D

Now that the USB buyers are getting coupons and are eligible to buy another one at a lower price.
Any word if there is any coupon program for buyers of the blades during the 1st, 2nd and 3rd auction paying >= 50BTC .?

I feel betrayed since we are the first and the foremost guys who vetted trust in ASICMINER hardware and got the sales going.

I recommend a short holiday in the BFL or Avalon threads till you regain a little perspective.

Honestly, anyone buying the blades was well aware of the price vs. hashrate at the time and has benefited from before the difficulty rose dramatically.  This is why people are being so cautious about hardware purchases now, as 10BTC / 5GH may sound like a good thing until you realize just how quickly difficulty will rise.  Even buying old/new blade as soon as they are available is a risk because you're hope is to get hardware online before any larger Bitfury implementations, BFL suddenly solves their supply chain issues (hahahahaha, hahahaha, just had to say it), or Avalon manages to fight off the Triads and ships some chips.

Thanks for your thoughts. It is fair enough and makes sense. That is what we all thought when we invested in blades.
However, the same philosophy goes to USB BE's buyers as well. But now they are being compensated. My question, then why not us who invested in ASICMINER hardware earlier than them.

usb dropped to 0.35BTC
old blades 12BTC

all in stock from tommorow

nice.

link?

groub
group buys, canary, silentsonicboom

Hmm, very tempted to get a few of the new blades..

Has anyone confirmed that the new blades will be USB? I've heard rumors but not seen anything official.

in stock @asicminer  ;)

I am seeing 50 packs of BE USBs for 18.50 BTC  (1.15BTC/Ghash) vs Blade for 14.99 BTC (1.15-1.5BTC/Ghash depending on overclock)

this doesnt make much sense to me, since the BEs could be paired with enough USB ports for around 1.00-2.00 BTC?

Please click the 'watch' link at top or bottom.  There is no need to reply to a thread, to watch it.

See the Watchlist (https://bitcointalk.org/index.php?action=watchlist) link in the upper left.

it will have a USB (the new blade model)

check my prices

Link?  :D

Seriously, folks need info on the new blade.  USB vs. Old Blade is almost the same value prop, feels rushed asking folks to order now if new blade is any magnitude better.

as far as i know, the old model blade will be priced @ 12.5 BTC + shipping ; i have no info abt new blade

The old Blade is 10.25 BTC from Canary. Check his posting!

for information i always wait answer for warranty from ASICMINER

i never buy again ASICMINER because warranty is false no warranty their never answer to message

ASICMINER only take money but no warranty

i suspect ASICMINER to sell their used blade 13GHZ for only 10BTC

i paid 50 and never win BTC because dificulty to hight. only lost money with ASICMINER

ASICMiner honors warranty and I have processed claims plenty of times for those who bought from me.

What about the new blades? :O

info is on OP

Where are the specs for the new blades posted?

I get the indication the new blades are "new".

I think they will be posted next weekend according to friedcats last update

Can't agree more!

Everyone needs to order old blades and USB's first before specs get announced!  People keep giving piecemeal info (someone says they are usb, someone says they are the old blades only pre-voltage locked at certain settings), but the rush is on to order now! :D

I hope the new blades are a bit more user friendly.

I actually thought about ordering an old blade, but decided against it because it just seems like a giant PITA to get working.

Basically, for an old blade, the user needs to:
- Hack up an ATX power supply to power the blade.
- Come up with some sort of mounting solution for the board.
- Supply your own fans.
- Connect and config via an ethernet connection.
- Run a stratum proxy on a host computer.

Basically, running at 13 GHs with an old blade seems to require a bunch of kludges.

Hopefully, with a new blade you'll be able to connect to a computer via USB, connect the blade to a power supply using a standard connector, fire up cgminer and mine away.

Am I expecting too much?  :)

And with each day you fail to get the thing running, losing precious BTC not to mention the bi-monthly difficulty increase slap. No thanks.

I disagree with this partly. Probably USB might be the easiest but it has its share of headaches. I feel USB's have lesser uptime as compared to connecting the blades using the ethernet cable. I have had multiple blades in the past and now i have a couple of blades along with a bunch of USB BE's running out of the same host.
When comparing both, i feel the hashrate and uptime that i get from the blade is tad bit higher as compared to the USB BE's and i have had my share of headaches (problems with other USB devices including my keyboard and mouse) when installing the zadig driver to turn my USB's to COM ports for the cgminer to see it.

I have had my blades running for like 2+ months now and the last downtime was like 7 days or so ago (that too because my host computer crashed) and have powered all the blades using the corsair CX 750M and the PSU has been rock solid. Fans will be necessary even for the new blades. On the other hand, USB's keep getting kicked out now and then..

If you follow this extensive guide, then it is seamless and cost efficient. - https://bitcointalk.org/index.php?topic=205369.0

I would have brought more blades but i don't have a place to keep the new rig unless i move to a bigger apartment + the current price of the old blade hardly ROI's. And with the current pricing of the blades, i don't think it would be a wise decision to move apts just for this.

This post proves my point.

https://bitcointalk.org/index.php?topic=205369.0

Check out the wiring in those picks. What a clusterf%ck. I don't see how such a setup scales well.

It depends on what is your priority. For me, i want my rig to run with atleast 99.5% uptime without me bothering to check on it every now and then. I don't want the drivers / cgminer to crash and the host requiring my intervention.

I have changed the config of the rig since the pics and nw it can hold atleast 4 blades per stand.
At the moment, my setup is more of less like a 24/7 operation. I hardly spend time maintaining it.

Look at my setup here https://bitcointalk.org/index.php?topic=205369.msg2346339#msg2346339

I like your setup, but I'm sure you spent a good amount of time putting that together.

It looks like the next bitcoin diffculty is going to go from 37 million to over 51 million in the next day or so! I'm not buying anything else until the difficulty levels out a bit. The difficulty is currently increasing at an alarming rate, so either the value of bitcoin needs to rise or else we're about to see a serious ASIC mining hardware price bubble pop...

http://bitcoindifficulty.com

Thank you.! Yes indeed i did spend some time.

+1 with regards to the difficulty. The btc rates have been stagnant (in and around $100) for over a month now.

10 btc for 13 gh sounded like an insanely good deal until you look at the numbers.

1) we are at 50million difficulty from 37million, 35% gap up for the most recent 2016 blocks
2) based on this if we keep a steady 35% difficulty increase, we are looking at a profitability decline of 0.00000029 over 12 months.  This means the blades are unprofitable even at 10 btc.

The argument can be made that it's unrealistic to assume 35% difficulty increase every 2016 block and it will level off.  I agree but i think we are just getting started and far off from leveling off.  We have all those asic hardwares yet to come online around oct - year end, not to mention those who owns the asic chips will bring their own mining farm online in addition to selling the asic as retail.

In my opinion the 35% gap per difficulty increase over 12 months is pretty conservative and not a crazy number, we will have gap ups that exceed 35% and those below 35% it eventually evens out.  I think after 12 months we may finally see some signs of leveling off as all the new asic are finally on the market, and the sell price of those hardware will pretty much equal to the cost of manufacturing them unless bitcoin/usd prices go up significantly.

The part that really scares me is we havent even began shipping asic hardware en masses yet. It takes a great deal of self control, but i am holding back ordering those asic blades even at 10 btc. The numbers dont lie...unlike avalon/bfl.

there's always a sucker born every minute and now more like every 30 seconds...  ;D Fool me once, shame on you; fool me twice, well the rest you already know...

ASICMINER hardware has from its inception been a hardly break even, or negative expectation as far as ROI.

Why would they sell them for what they could mine with them? They should just mine with them in that case. Instead, they place the price higher than what they think they can mine with them and sell them to as many suckers as possible.

And it worked... it is truly genius!

Indeed!  People look at the current calculator and say "13GH/s will net me 0.17BTC a day!  This thing will pay itself off in less than 2 months!"

And they never think to look at the difficulty increases and how that will effect them.

Tried this one

http://btcinvest.net/bitcoin-mining-profit-calculator.php

You will never again be able to order an ASIC that can pay for itself in a year. This talk of ROI is now pretty much meaningless because it no longer exists. Nothing built by anyone can ever pay for itself with the sheer amount of hash coming to market.

Buy a miner because you enjoy mining. You may make a profit someday in fiat terms due to increases of exchange rates, but in nominal terms you are better off just buying BTC and sitting on them. This game is over.

Still waiting for new blade info while suckers buy USBs and old blades with no possibility of ROI short of reselling to bigger suckers.  Ahh BTC.

This one shows ROI in 10 weeks - assuming 40% difficulty rise per month and not taking into account electric cost

http://btcinvest.net/bitcoin-mining-profit-calculator.php?diff=37392766.136475&dcosts=900&diff_mincrease=40&blpbtc=25&dhsmhs=13500&btcusd_mincrease=0&btcusd=106&dpowcon=0&dleadtime=1&pcost=0&calcweeks=52&action=calc#

No. You are calculating 40% increase per month. With all the ASICs coming online, it would be 30 - 40% per increasewhich happens every 10 - 12 days.

But if BTC value goes up then it's like you made 50BTC at the current rates!!! OMGOMGOMGZ

/end sarcasm

It's 17 weeks ROI at 95% per month...

Ah good point - I was thinking pounds not dollars...

Why does that calculator only change difficulty every month?

Difficulty is adjusted every 2 weeks, isn't it?

I think it is not automatically updated. The webmaster has to change it...

Hi look at this calc its pretty good
http://minercharts.com/

No ,every 2016 blocks
http://thegenesisblock.com/bitcoin-block-time-halved-to-five-minutes-amid-exponential-network-growth/

I was just going off of 2016*10 (minutes expected per block) = 20160 minutes / 60 / 24 = 14 days

that would be only if network hash rate were to remain stagnant.  since it doesnt remain static, it changes sooner than every 14 days.

well to be fair this is not specific to asicminer,  they actually have the lowest cost right now on the market at <1btc per gh.  Look in the for sale section all those guys buying up avalon batch 2s and 3s at >1 btc per gh.  

-------
For calculators, i use the below, it is the most straight forward and accurate i can find.

1) use this to find the profitability decline in 12 months based on your own expectation:  

http://srkz.net/msc/difficultyprofitslider.html

2) then put the profitability decline number from above into this calculator to find the actual profitability, dont forget to adjust the other inputs like hardware cost and time frame (put 12 months) etc..  the numbers look very bad any way you slice it:  

http://www.bitcoinx.com/profit/

This is truly a race to the bottom, and we are about 12 months away from it, no matter how much avalon/bfl try to cheat & lie to hold back the asic shipment, the end is coming for mining profitability for retail miners.

I must agree with most of you. I have purchased the ASICMINER blades at the original price of 49.99BTC. The ASICMINERS squeezed me for every penny and I made them few thousand dollars. Never gave me a any discount even though I bought over 10. Never answered my emails. These blades are still clearly OVERPRICED at 10.25BTC, they should not be priced higher than 1-2BTC.
I am not even going to talk about their USBs...

Just a fair warning to everyone. ASICMINERS= BUY & CRY.

At a little over 0.9 BTC per Gigahash (stock speeds), ASICMiners currently offer the best deal of any in-stock mining gear.  I am not comparing it to pre-order items but what you can buy now. Even in the after-marker auctions, avalons and BFLs are all selling for over 1.2 BTC per Gigahash - and this is used hardware with often no warranty. 

The real question is can you get a meaningful ROI at 0.9BTC per gigahash?  If not, then none of the currently available mining hardware is profitable to purchase.  Then if you want to participate in mining, you only have 2 options:
1. Pre-Order some 28nm ASIC vaporware and pray they deliver on-time
2. Buy stock in a mining equity such as Asicminer, activeminer, etc

No cgminer will not work with it.
We've never been supplied with any info about them, nor do we have the hardware, so we can not support it.

Edit: I support what I have: 1xBitBurner XX, 1xBlackArrow Lancelot, 1xIcarus (original), 1xModMinerQuad, 1xJalapeno, 2xBFL SC Singles, 1xBFL FPGA, and ... 3xAsicMiner USB - which I'll lose BTC on doing that ... at least it's only a small amount of BTC to lose (I received the first AMU that FriedCat sent out to devs, but blew another 1.1BTC on them to sort out problems with having more than 1)

3.3.2+

Then that makes this calculator even worse than I previously thought!  :D

It only changes the difficulty every 4 weeks... lol

http://btcinvest.net/bitcoin-mining-profit-calculator.php?diff=37392766.136475&dcosts=900&diff_mincrease=40&blpbtc=25&dhsmhs=13500&btcusd_mincrease=0&btcusd=106&dpowcon=0&dleadtime=1&pcost=0&calcweeks=52&action=calc#

I don't see any specifications?

Since I have no search-fu, i'll ask here. does anyone know the dimensions of the Old Blade? I'm trying to figure out how to hold the one i'm getting. I'm thinking that a mini milkcrate might work.

Hey, this is from yxt post, I hope this data is still up to date, maybe it helps you:
https://bitcointalk.org/index.php?topic=246020.msg2608792#msg2608792

I just wanted to provide some math for those considering buying this hardware like I did:

I was thinking of buying 100 USB Eruptors for .32 BTC each (so 32 BTC in all).  That would require 10 hubs so assume another 2 BTC expensed there so 34 BTC on all which is now about 3400 USD.

The latest difficulty increase is in and we went from 26,160,000 to 50,810,000 in 30 days (from 7/14 to 8/13).  This is a monthly increase of 94% - completely insane.  This will probably continue for a few months and then drop precipitously once all these new 28nm ASICs come online in the first few months of 2014.  Assuming a continued 95% increase per month difficulty increases (a likely scenario for the next several months with all the new hardware coming online).  

With a USB hub, 10 usb miners plus hub consume 330W/hr.  I took my power costs in the US at 0.11 USD per kwh and plugged it in.

Not only will you lose money but at a 95% month over month difficulty increase, these miners will only produce 18.65 BTC (out of 34 BTC invested) in 24 weeks before becoming unprofitable to continue running.  A pretty big loss.

In fact, in order to EVER break even on this investment, you have to assume the month over month difficulty increase will drop down from 194% to 30% to ever break even.  A very unlikely scenario.  If you do not pay for your power (live in a dorm) then the situtation only a little less bleak.  You can break even if month over month difficulty increases drops to 35%.  Also very unlikely.

Here is where I get my #s:

Historical Difficulty increases: http://mining.thegenesisblock.com/

95% month/month diff increase calculator: http://btcinvest.net/bitcoin-mining-profit-calculator.php?diff=50810339.048276&dcosts=3400&diff_mincrease=95&blpbtc=25&dhsmhs=33400&btcusd_mincrease=0&btcusd=100.00&dpowcon=330&dleadtime=0&pcost=0.11&calcweeks=25&action=calc

30% month/month diff increase calculator: http://btcinvest.net/bitcoin-mining-profit-calculator.php?diff=50810339.048276&dcosts=3400&diff_mincrease=30&blpbtc=25&dhsmhs=33400&btcusd_mincrease=0&btcusd=100.00&dpowcon=330&dleadtime=0&pcost=0.11&calcweeks=56&action=calc

Conclusion: Do not buy USB eruptors or the Old Blades if you wish to make a profit.  Your only hope of making money mining is to pre-order some vaporware from hashfast, cointerra, or one of the other 28nm newcomers and pray they are not a scam and can deliver on time.  It is much safer to simply buy ASICMiner stock than the hardware!

The numbers for a blade are no better.  Only will break even if difficulty goes up to only 35% month over month at stock speed.  Overclocking brings that down only a little (still over 30% difficulty to break even), since significant more power is used for cooling and overclocking (and you need to pay for a cooling unit upfront)
http://btcinvest.net/bitcoin-mining-profit-calculator.php?diff=50810339.048276&dcosts=1025&diff_mincrease=35&blpbtc=25&dhsmhs=10752&btcusd_mincrease=0&btcusd=100.00&dpowcon=75&dleadtime=0&pcost=0.11&calcweeks=100&action=calc

I would have called that a 94% monthly increase.  Which still isn't pretty.

LTC keeps on lookin better and better, for what it's worth...

Except you can't buy anything besides bitcoin with it. LTC only looks good to those who heavily invested in GPU hardware and need to get an ROI.

https://bitcointalk.org/index.php?topic=273264.msg2929060#msg2929060

I posted my updated results for ASIC hardware return with a network difficulty increase of 35% every 10 days.

20% increase is every 12 days.

Yup and the problems is they (ASICMINER) have created thousands and thousands of pissed off customers that thought they were going to "print money" but got taken to the cleaners.  Trying to appease them with discounted .1 BTC USB sticks will not make up for the loss incurred.

Taking advantage of the uninformed is only a poor short term business model.  Most companies succeed on repeat business and word of mouth to survive in the long run.

Err. excuse me. ASICMiner put out a product that sold out within 30 minutes. Whose fault is is that it sold out? THE PEOPLE BUYING IT.

Perhaps the USB sticks were just too sexy to resist :)

If you think everyone is pissed off with AM, then I guess the new blades won't sell at all .... fancy a bet on that?

Put up a bet on bitbet - they will be sold out before everyone who wants to have one can place an order imo

Yes indeed, most miners who buy AsicMinerUSBs either don't care about making a profit or are foolish enough to not realise that they made a loss buying them.
The ASIC era has clearly shown how bitcoin is full of fools.

 :)

 :)

Exactly. Unless the USB miners can be modified for other sha coins that a more profitable than bitcoin, you will never get ROI not to mention making a profit..
Either drive the price down, or increase the hashrate of the hardware.

You mean other scrypt based coins.! USB miners can already mine other SHA 256 coins like TRC and PPC apart from bitcoin.

So, the only self mining show in town at the moment is to lose money ... that makes bitcoin look pretty bad ...

It makes buying BTC look damn good

idk about that... whats your reasoning? Hashrate should follow price, not the other way around

 :)

can't wait for prices

I bought 2 with the possible goals:

1) resell for outrageous profit
2) mine for 2-3 months, recouping as much cost as i can, so that :
2a) resell hardware for whatever its worth
2b) keep the hardware as a momento of the ASIC wave

turns out, option 1 is what happened. I resold the first for 1.25BTC (I paid 1.48BTC for both), and the second for 4oz of silver bullion (~$88) and 0.12BTC. During the process, I mined about 0.073 BTC

say what you like, but there is some margin for profit!

i don't think i've missed anything, but just in case:

has there been any official word about the restock of asicminer hardware that was supposed to happen last weekend?

ASICMiner is like the Apple of mining hardware. ....must...get...the...new...shiny...!

which link can you buy these from

 Haven't heard anything yet :( Have an email into friedcat myself, FWIW.

You must be a shareholder as you obviously didn't understand what I wrote.  The only people making money are the shareholders and re-sellers, not the end user mining.
Selling out does not equal customer satisfaction.  A lot of noobs google bitcoin calculator and find one that doesnt add difficulty increases and they think they can make some serious cash.

I never once said "everyone".  Stop being so defensive.  I said thousands.  How many usb sticks were sold? 10,000? 20,000?  There are 7+ billion people on this planet, a fool is born every second.  Will they sell out? Most likely.  Will customers be satisfied?  Someone should start a yelp listing for ASICMINER.

Don't get me wrong.  I will buy if the price is right.

just to quote what you said:

"(ASICMINER) have created thousands and thousands of pissed off customers that thought they were going to "print money" but got taken to the cleaners"

AM didn't tell them they were going to "print money", the customers didn't do their due diligence. Not AM's fault.

Presumably all these thousands and thousands of "pissed off" customers won't come back, and that will be the end of AM's hardware sales. Or perhaps they will sell out in days again?

I'm just struggling to understand why you are having a go at AM? They made no false promises with their products, did not guarantee or even suggest any returns, simply put a product out there that people couldn't get enough of. Nobody forced anyone to buy them. People want mining equipment now, not vaporware that may appear or may not appear.

If people can't use a ROI investment calculator then they shouldn't be in this business. Again, their responsibility, not AM's.

not true. hardware investment will break even in 112. do the counting: http://www.bitcoinx.com/profit/

You are using a misleading calculator.  Use the expert mode on http://www.coinish.com/calc and try to understand all the "reduction" portions.  There is no "BE" (break even) for the BE (block eruptor).

Not possible. What is the value you are using for profitability decline per year.?

use mining.thegenesisblock.com to give you a month to month picture.

with your tool i come on about 130 days. but i do undrestand the fact that difficulty level is increasing. due the fact that all the asic chips are getting online in the coming months as Mechs says. not to forget that the producers hash before delivering most of the times.
im 100% sure the producers mined when the price got on like 130$ marcha/april. sure it was cause by political changes in cyprus. people cashing in their saving money and buying all kind of values like gold,zilver, bitcoins.
When a producers sees more profit in using their own products, whey would be stupid not to do so. and ofcourse you had the media chewing in the market after the price rasing sky high. cause more people to join and mine.

http://bitcoin.sipa.be/speed-small-lin-ever.png

This is exactly why I want to be an ASIC reseller.

Some people just don't understand... lol

Interesting chart.  It appears that the Bitcoin hashing network is the most powerful distributed supercomputer on the planet by far...

yes, absolutely. but very dumb supercomputer indeed.

edit:
well, not dumb. just not a supercomputer but a "dedicated solver" :)

we roll dice REALLY well.

world's largest and/or fastest psuedorandom number generater?

Largest maybe, but certainly not the fastest.

<256 bits every 10 minutes isn't exactly quick (you can't count the leading 0s since they are predetermined)

that's now interesting...
can you elaborate it? :)

The block hash is what is used as a pseudorandom source for some applications.

i see...
and fifty millions as a difficulty factor (today) tell us something?
so it's not just "<256 bits", right? ;)

every hash is a psuedo-random number regardless if it is used or not. at least in my opinion. People here tend to focus on what we are doing and not what else could be done.
Largest maybe, but certainly not the fastest.

@Trongersoll

did you forgotten to comment the quote above?
and your opinion is... ? :)

Am thinking someone not understanding how many FLOPS go into calculating only one single difficulty one share.  Bitcoin calculating network performing way more than exaflops - being many times more than top 500 supercomputers combining to calculate.

wink ;)

typo. fixed

so you mean bitcoin is under danger of 51%+ attack today?
and this smaller-but-faster existing computer (or network) should be? name of it?  :o

this is just a result of different points of view.

well, ok :)
enough offtopic here.

Again with the defensiveness?!?

I never said AM told people anything.  Stop reading me as an attack and perhaps you will understand.  I never stated AM is responsible for the foolishness of others.  I said they are taking advantage of them.  This is great for the shareholders and re-sellers.  Not the miners.

Yes thousands but there are thousands more waiting in line to get burned (for now).  I just don't think its a long term business model as the number of fools will eventually run out and then it will become a problem for AM.  Unless the business plan is "take the money and run".  It does not promote bitcoin in a positive way.

By your logic, people still fall for Nigerian 419 scams deserve to be scammed. Before you get all defensive again.  MY POINT AGAIN IS PEOPLE ARE STUPID AND FOOLS ARE BORN EVERY SECOND.  Do you really expect people to use proper ROI investment calculators?  Seriously?

This is constructive criticism for them to contemplate, not an attack.  If you don't want to listen, then I can't help you.  If I were a shareholder I would be concerned about this.

Cheers.

Sure, but the reason block hashes are used is because they are verifiable.  For instance you can run a lottery and determine the winner based on the hash of block #X.  I supposed feeding the lower bits of your mining share hashes into your entropy pool would be useful, but most people have no need for that much entropy.  If they do have a need, they are better off with a hardware RNG.

Cool. But businesses all over the world charge "what they can get away with". That includes AM, Apple, Microsoft. That's what business is in this capitalist world.

I am not being defensive. I am defending the right of a company to put out a product at a price THEY CHOOSE and see if it sells. Comparing them to Nigerian scammers is sad.

As people have pointed out in many threads, there are lots of reasons people have bought these things, not just for the ROI, or lack of it.

Shareholders should not be concerned about whether the last model sold out in a few minutes. They should be concerned if the next batch gets sold at a profit or sits on AM's shelves gathering dust. We have yet to see that. But presumably if they sell out again, you will yet again have a bitch about AM and how they are "taking advantage" of people that can't use calculators.

You have a very patronising attitude towards other people's purchasing decisions. Or perhaps you just bought some USB sticks and were pissed off when they didn't make the money back?

They wont ... learn

but the system works and better than pure mining

I bought 2 for 1.48BTC total (after taxes and shipping), mined 0.078BTC, and then sold them for 1.38BTC and 4oz of pure silver bullion (~$90)

I would love to buy more for the novelty, but not until they hit the 0.2BTC price range

Didn't the opening post used to say that the new blades were expected on the 17th?

I believe it was the 18th but there was definitely a date there; guess they want to sell off the old ones first before announcing the new ones.

You probably nailed it - Canary just posted in one of his reseller threads that the new blades will have the same performance of the old blades and to feel free to continue with the old blade purchases instead of waiting.

Why are the new blades TBD now?

Probably since they want to sell off their old inventory first and the longer they can keep the better blades in-house, the better for ASICMiner shareholders.  Honestly, don't buy the hardware, it a suckers deal.  Buy the shares!

what about BEs with blue and green heatsinks? :D

Does anyone know if there is a delay in restocking Erupter USB sticks ? :( Have been patiently awaiting a response from friedcat to place another order.

Same here. Expected to hear lat weekend...

Canary seems to have a consistent supply.

Has any reseller received any Blades from the "Agust 11th" advertised re-stocking date?

I would like to buy one of those Blades, but I would like to buy from a reseller who has them in stock already, no preorders.

Regards.

In the US CanaryInTheMine (https://bitcointalk.org/index.php?action=profile;u=18614) seems to be pretty on top of supply of asicminer stuff. i think if Canary stated the new blades in the group buy, that would mean they are starting to get widely distributed.

purely speculation on my part though, im just a humble miner / bitcointalk.org forum lurker

https://bitcointalk.org/index.php?topic=277332.0

 Have you heard back from friedcat recently ?
 Have you received new stock between August 11th and today ?

 

Yes, I have stock.

How much are they and price for express delivery to united kingdom?

you want to contact yxt for EU, he is the reseller there

How about express in the US?

Seems like it's safe to say there has not yet been a restock of additional USB purchases for prior eligible customers at 0.1 BTC ? :(

Ah yes, the old there's a sucker born every minute line.  Fuck them, I'm out for me.

Who cares that ASICMiner sold the first USBs at 2BTC apiece, quickly making $1,000,000 from less hashing speed than a $30,000 1.5TH minirig?  And that was from only 4,000 units.  The customers were too dumb to know they were being fleeced, it's their fault for being stupid, not ours for deceiving and fleecing them!

It a sad day when greed makes people into assholes.

A great many customers bought them as souvenirs and gifts. After all, it's a shiny usb stick with a Bitcoin logo which actually mines Bitcoin!


Furthermore, there is NOTHING wrong with selling hardware at market price - the market sets the price. If the market didn't like the price, the USBs would never have been bought.

People have been having ASIC thrown at them for months... preorders claiming $5000 a month from the purchase of an April preorder of a Jalapeno... PRESTO!!!!!!!!!!!!!!! Overpriced little USB sticks being sold by snake oil salesmen who know they are ripping people off and don't care and starting prices double what they paid for them cause ASIC is the buzz word and PROFIT IS FUCKING GOD!!!!!!!!!!!!!!... they're too stupid to realize they're being fucked up the ass so hard they're bleeding for weeks... it's all their fault for not being aware.

Gotcha, you like being a prick.

So you are saying fridcat should sell hardware at below market price?

Business does not work that way, bro. Mining calculators are freely available, and if you buy shit without doing research then you are shooting yourself in the foot, no one else.

Remember the dotcom bubble? Yeah, this is what's happening now, too.

wasn't there supposed to be some big update about the next series of blades coming out on 18 Aug? 

I purchased 6 USB erupters at the original 2BTC price. Am I eligible for any coupons to buy more?

Yes. Talk to your reseller.

Thanks, will have to send cosmo a PM. :)

Friedcat post on main thread
https://bitcointalk.org/index.php?topic=99497.msg2984489#msg2984489

For miners
http://s22.postimg.org/67vk1mqvh/Comparison.jpg (http://postimg.org/image/67vk1mqvh/)

Why don't you deliver internationally anymore? What if I want to order from you because e.g. your prices are better?

Because he's not allowed to sell into the EU if there is a reseller there. *free market ftw*

I have to say, the rate at which you are dropping prices for Erupters is directly undercutting (read robbing) margin from resellers. Resellers made this company. Without resellers you would have NO DISTRIBUTION NETWORK. This is a slap in the face to the people who helped you reach the place you are in now. As a reseller who paid and had his margins completely erased before they even arrived, I can tell you with full confidence you wont be seeing any more BTC from me.

^Yes, keep items at their starting price forever and make ROI near end of time..

Has anyone ever made ROI on an AsicMinerUSB ?

Is this what I said or is this your refractory interpretation? The rate at which prices are dropping burns resellers. Watch your sales evaporate if you cant maintain a stable price for even a few weeks.

thats the case with all of bitcoin. would you invest in a 7970 for bitcoin mining now? NO. (if yes, then reconsider!) ASICs are escalating massively, and unless you can adapt at the same speed you should not expect to ever break even

No, and they likely never will

This and this, at release they costed 2 BTC..
Maybe if they have had the same price as now back then..

I make ROI on every ASICMinerUSB cause I sell them on ebay.

"This Company" runs 10-20% of the network. They don't need to sell hardware at all.

LMAO, no kidding? You don't say?!

Someone take a snapshot of this post...too hilarious for words.

It's sad but true - eBay is almost always the most expensive place to buy anything. Good for the seller - not so much for the buyer.

With that said, not everything we buy has to have a direct return on investment. The USB Erupters were pretty and educational - for that alone they are worth the price paid for many 'suckers' who won't ever mine back the value paid.

Well then maybe they should take a break from screwing resellers for a while then if they don't need the margin.

Find any of their current resellers to complain here, or please stop complaining about your particular no-profit story.
 

I've gotta agree. ASICminer is free to charge whatever they like, and its up to the customers (including resellers) to decide whether they will buy at the price. It was a well-known fact at 2BTC each that they would never return, but they practically sold out. At 1BTC each, the same argument was heard, but people went ahead and built systems composed of dozens of BEs.

If you cant do the math, dont buy the product. its incredibly simple, and is the very definition of supply&demand.

I have 30 USB BE's and don't really care about ROI.  They just look really cool hashing away tucked in their hubs with little USB fans blowing on them.  :D

I'd buy 10 more if I could get some silver ones.  I have too many damn black Erupters!  Lol.

Stop comparing the price of a June miner with an October miner. They are not comparable.

Are the October miners faster?  Are they slower?  Are they different colors?  Were they redesigned?  Can they dance and sing?

Difficulty is different.

Unless you sit on a huge inventory, I fail to see how a reseller can lose money.
 At current price 0.31-0.35 BTC. No idea how much profit that represents for reseller but if it is around 0.1-0.05 BTC per BEs, it does not sound like a too miserable business if you sell 1000+ BEs per week and it takes 2-3 hours per day.

Well I am new to Bitcoin mining and I am looking to get 10 Erupter to get to learn a bit the mining scene.

I dont expect to become rich but according to bitcoin profit website, 10 USb Erupter of a total of 3330 Mh/S x  current difficulty 50,810,339 x BTC/Block 25.00 x W25 (w2.5 x 10miners) x Electricity per kwh USD $0.15 = $315.29 on a 3 months frame.

Plus counting the raspberry pi which I will be using to run the mine client which I would assume it might be an additional $15 to skim off, you will end up with $300 on 3 months frame, means that you will be able to pay back the miners within 5/6 months, this still according to the bitcoin profit website.

Again, you certainly don't become rich, but it's something, and once you have paid back for the miners and ur hw, the rest will be ur effective small ROI.

you've not accounted for a 75%+ increase in difficulty every month.  When you do, you never pay off the investment.  This has been the same with every price point on the BEs since they were released.  Do the math again, and every ~11 days, increase the difficulty by 25% and see what you come up with..

Ouch, does it really grow 25% each 11 days ?

This means that in 6 months time 10 Erupter for a total of 3330Mh/s will become useless, am I right?

Diff change is 14 days.
But at 25% increase that's actually just 10.5 days per diff change of 25%.
Check diff history ... it's been high for a while :P

That depends on if the diff-growth stays exponential (it will most likely for the next couple of months) and how the gradient of the diff-curve will behave - will it get even steeper (%raise/diffchange goes up) or more flat (%raise/diffchange goes down) and when.

Also really important is the development of the exchange rate for BTC. If it goes up to like 1000$/BTC in 6 months sure you can still make a little profit. If it stays the same you will have to pay at some point for electricity costs, if it falls, you loose money faster.
But if the exchange-rate rises to like 1000$/BTC in 6 months even more people will buy into ASIC mining because they think they can make a profit - this will increase the diff-rises furthermore..

No one can predict that.

Stick to your 10 erupters, play with them, have fun, support the network. In the winter it will be a "free miniature heater" (direct the warm air with a small and silent USB fan into your direction ;) ) and after that you have to see.. :)

The problem is I didn't pay 2 BTC each..  I paid .31 each in a bulk order of 100. Before they even arrived at my door the price was cut to .32 for SINGLE UNITS effectively making all resellers who paid at that price unpaid distribution agents. Again I purchased them for RESALE not mining, so you can take your "you should have known no ROI" crap and stick it right back where it came from. They aren't even allowing enough time for smaller resellers to unload inventory before they drop the price and erase all margins. As an extremely dissatisfied customer I have a right to make my complaints known to the general public in spite of the ASICMINER shill gang attacks. ASICMINER will not be seeing any more money from me.

Thank you for all the grate infos provided. I definitely needed some mining basic to start off with.

I dont really have any expectations at the moment apart from the hope to get my investment back, and like you said if in 6 months time price will go extraordinary up I will be making some money, otherwise I hope LTC will adopot ASIC afterwards.

Your sentence may suggest you misunderstood something, just to clarify in case: ASIC devices for bitcoin cannot mine litecoin. With them you can mine any alt-coin based on SHA256 if you wish, but litecoin is based on SCRYPT.

Oh I didnt know that.. I guess Ill need to dig more into the technology chip itself. Good to know btw :)

Wait a second latrina...(nice name by the way)...

Are you factoring in climbing difficulty in your calculation or are you just using 50million difficulty and multiplying 1 month by 3?

Exactly.

The sad truth is, that Friedcat should have sold his USB versions for the price they are going at now...way back then.

If he had, then everyone would be happy. Resellers and End users.

That isn't the case and never will be...He is perfectly aware of how he is setting his prices and what that does to everyone down the line.
Almost an MLM scheme...

... and the next difficulty change in the next 24hours will be ~29% ... Woo Hoo! :P

About spot on for my predictions.

puerto awesome posts as usual... i hope people learn that friedcat is judas goat who leads all the newbie sheep to slaughterhouse.. i've learned my lesson and paying price for that... he's got no business ethics or whatsoever and what is so obvious is he willingly and knowingly sells devices that will never roi, sends out measly dividends that benefit only whale shareholders...i guess that's why he needs to hide his identity so he can avoid pissed off customers...

Then you saw the change from 2BTC->1BTC->0.5BTC->etc, and knew that when you purchased with the plan to resell.

no pity for you, sorry

Got a good amount of blades delivered today... Well stocked, ready to ship as soon as payment is received.

One point people don't take into account with mining is the difficulty for some people to buy bitcoins.

Thinks about all the people who only have a little bit of money to spend on coins, and when you do a transfer of 100 USD and get a 25 USD bank fee, it is not very attractive.
So to buy the USB sticks, and let Bitcoins trickle directly into your wallet might be very attractive for some.

If they are playing the long game, and spend your bitcoins on 'wise' stocks, to further their growth you can see how one may help offset the other.

If people believe it will get to the point where 1 bitcoin is equal 1000USD, then I can see it might work out.

Prices are just too painful, no ROI in sight.

Is there any official information on the power requirements/limits for the fan headers on the blades? I know fans dont take too much power but it seems like the blades can already take quite a bit of power in just for running them.

Just didnt know if it would be beneficial to run the fans through the blades rather than the same power rail from the PSU. (currently have my 4 blades running the fans from 1 power rail and each blade from its own power rail). just trying to think about expandabiltity.

I don't see how it should make much of a difference.  I heard one reason that blade plug only needs two terminals connected (one 12V and one ground) was to leave you room to wire in fans to the plug (in addition to the headers).  The amps pulled by the fans should be pretty small compared to the blade so I wouldn't worry about it.

Is there any thread about how AsicMiner is going to improve dividends for their shareholders ?
Because the profits of mining are slowly decreasing, and I can't remember any announcement saying the hashpower will be increase soon ?!?

i hope you got a large discount as their reseller and can unload quickly, those will become paper weight in about 2 months max.

They must have heard me! I want Blue ones!!!!

Cool!

http://thegenesisblock.com/asicminer-blades-reduced-65-to-3-5-btc/

Nice! usb miners should also be dropping then right?

Probably the next price drop will drop them even with what most of the distributors are charging for the coupon price (0.15 to 0.20)  If so then coupons would become pointless/obsolete? Maybe coupon price then becomes 0.05 BTC? hmmmm

For a 0.335 GH/s device to recover 0.17BTC with only a 20% diff each change ... it would take ... 190 Days
... at 1000 days it is ... 0.17936377 BTC (so pretty much never reach 0.18 BTC)

If on the other hand it was 30% diff each change ... at 500 days it will have generated ... 0.11957525 BTC ... 1000 days ... 0.11957587 BTC ... so it would never reach 0.12BTC ... of course 0.5W isn't free either ... especially after 1000 days ...
http://www.tradebtc.net/bitcalc.php

For a 10GH/s device at 20% increase each change, it would take 89 days to get 4BTC
at 30% increase it would ... 500 days 3.56940335 BTC ... 1000 days 3.56942180 BTC ... so never reach 3.6 BTC
But the electricity is pretty relevant also ...

Yes many people buying AsicMiner hardware will not get their many back ...

Well - I'm sold, in for 10 of each!

The big question and decision point is: Where does 20 or 30% stop each difficulty increase? I don't see 30% happening for 500 days. Although I COULD be wrong here.

You're right.  I think we'll have some increases of 50+% mixed in there too.

Yeah that is an issue. The difficulty is going up way too fast and the btc price is more or less around the 100 mark.

At 30% 500 days is irrelevant since ROI maxes at around the 165 day mark (approx 3.554BTC for 10GH/s)...another 30 days more if your electricity is free.  Then its a doorstop.
We are talking about the current offerings.  What hardware and what prices will be in 500 days is anybody's guess.

http://i.imgflip.com/3bib5.jpg (http://imgflip.com/i/3bib5)

 ::)

Is yxt still the EU distributor? Seems to have been pretty quiet for a while or am I just not seeing his posts? O_o

Hope ASICMINER will produce more hardware, and provide them in reasonable price.

Well - also consider that they are now selling them for 0.17 BTC through resellers.
The mark up on them at 0.17 is extremely likely to be in the 200% to 500% range.
So back when they were 1.99BTC, the price markup was in the 2000% to 5000% range (or more?)

The reasonable price considered by AM is whatever people are stupid enough to pay.
They have been that way since the USB first came out ... and don't forget the blades :)

The arguments given by those buying them can be represented by one of:
1) I've no idea what diff is so I don't care (= a highly likely loss)
2) I only buy them to support BTC (= damn I just found out I probably lost when I bought them)
3) I'm gaining since my GPU used to use 100x the power (= I'm losing less than if I was GPU mining)
4) I can get them right now! (= I can attempt to recoup most of my loss over a longer period of time and make less loss than waiting for them)
5) I'll sell them and get back my loss (= I'm running a ponzi ... drop the hot potato so someone else makes the loss)
6) I bought 2 more for development to help these people lose less money (= what I did - but I'll lose on those 2 - well at least it was only 1.1BTC ...)

An interesting way to look at it is:
Give AM similar or greater BTC than I will get mining them over many months in the future ... but AM gets it now up front!
Give me your BTC now! Now go try (and most likely fail) to pay off your debt.

Of course anyone who wants to argue that a BTC price rise will mean a profit in $ terms, should note the blatantly obvious:
If you keep your BTC rather than buying AM hardware, a BTC price rise will indeed be a profit in $ terms, but if you spend it on AM hardware, it will essentially be: spend X BTC on AM hardware now and maybe at some point in the future get back a total X BTC - if difficulty completely changes from the current trend ... so you're extremely unlikely to do as well or better than simply keeping the BTC

This sounds like a desperate cry for a person of #1

Also, asicminer is basically the only dependable name in the game as they continuously provide hardware vs all the bullshit artists that people are buying into like bfl and knc ect. Sure the ROI may not be in it as high as everyone wants but if it was that high, then it would be  just free money (which it basically is for resellers right now)

Bitcoin is more than making your money back, or getting rich. Its about another paradigm in currency. Stop being pissed that you lost money because your expectations were not met. Right now, asics are a gamblers game (much like bitcoin was in general) and those who can make them (one company consistently) make the money and rule the trade.

Think about the long run. Once bitcoin is dry in the mining sense, it will be way more profitable. Sure thats dependant on many factors but not so many that if you lose faith along the way, you cant at least make your investment back.

You really think that everyone has an expectation of a loss? Otherwise most people will not meet their expectations.

I'm not pissed.

I got the very first AsicMinerUSB sent out to devs.
I live in Aus - so from HK to Aus was faster than e.g. HK to USA
So yes on a BTC scale X divided by 0 = infinity
(I've simply wasted literally buckets of time on them doing dev work - oh well not really a big issue though :P)

Though I will add that when FriedCat contacted me first saying he wanted my address to send me some dev hardware I wasn't expecting a 333MH/s waste of time :P At the time he first contacted me, he wasn't either ...

Anyway, I posted the first information about them on the forum and how to mine with them.
Also - as I said, I (recently) bought 2 more to help sort out the problems people were having with cgminer that didn't show up with just one of them.

Just like with other companies ... I'm a dev and was helping people to use their devices when they got them.

Of course the other side is also true ... as I said ... that most won't make their BTC back

I wasted 1.1 BTC on them - but only that. Of course I'd not buy lots of them. But since it was only 1.1 BTC it's not much of a waste for me.
For all I know the first one I got may have made close to 1BTC by now ... I got it on 13-May ... so possibly almost no actual BTC loss for me
Though it was only when they finally dropped to being a much smaller loss that I finally decided to waste the BTC to buy 2 for 1.1BTC

However, rather than assume that 1BTC figure ... I spent a little (lot) of time just now working it out.
Based on expected hash rate of 335MH/s on a pool that charges no fees, (and counting from 00:00 on the 14th-May) that first AMU has now made approximately 0.8917125142 BTC
Wow that sux for anyone who bought them originally ...
Absolutely no expectation of returning 1.99BTC if you paid 1.99BTC for them and got them BEFORE anyone else - when I got that first one.

Lulz - but the reality is most people will do better just buying the BTC and not spending it on these overpriced %@$#% ...
Hell the damn things don't even have a temperature sensor on them so they just stop mining for no apparent reason.
Restart and OK back to mining.
Price cutting on developing something sold for initially around 2000% to 5000% mark up - seriously? WTF

Yes indeed - just buy BTC.

I agree, ASCI miners are now stooping to ripping off coupon customers as well. What a nice thank you tricking people into spending money just in time for you to completely devalue them. You really care about your customers!

They've been ripping off customers since May and you are only figuring it out now?

just compare the 10GH/s miner's price now, and the price on the release..

So they got 1 product right... how many of those are avaialble for sale???  They aren't selling tens of thousands of the blades as they have been the erupters that they keep screwing people over with, even though it keeps looking like a better deal with each price drop.

Just buy a preorder from another company.

Then you don´t know if it will ROI in the beginning.
Later you will realise you lost much more then buying asicminer hardware.

Lulz so you are saying you'd lose less.
Isn't the point to not actually lose at all?

Keep the BTC and you won't lose BTC :P

Buy AM and you almost certainly will lose.

Anyone who got a 10GH/s miner (of any brand) on the 14th of May will so far have made ~26.6BTC PPS expected.
Hopefully no one paid 50BTC for them back then, no chance they'll make 50BTC ...

You are correct.
Just keep your btc and wait.

But most people didn´t do that 2011, 2012, 2013 and will not do it 2014.

Hoarding is the new mining!  :)

BTC Mining is being controlled by serval companies with huge calculating capacity, so as for a solo miner, he has less chance to get any profit from mining.

Buy BTCs and keep them for one year or two years, maybe it is the best way for us to make some money from this crazy gambling.

Oh, there is a precondition. After one year or two years, the BTC world will survive all the troubles.

Is this still the place to check for the latest hardware specs from ASICMINER?

I think so, but there was also this about the new blades: https://bitcointalk.org/index.php?topic=286486
and this here about the new usb colors  ;D: https://bitcointalk.org/index.php?topic=285825

No, this is the place to come and bitch about ASICMiner primarily...

And that is totally undeserved, right?

Of course, all bitching and moaning is undeserved.

wish they would announce some next generation stuff....    :'(   since the only usb's left are whats in resellers hands already...  they must be ready to start selling something new

http://www.wtcr.ca/catalog/product/bm-ambec-01 (http://www.wtcr.ca/catalog/product/bm-ambec-01)

I'm aware WTCR sells ASICMiner hardware in Canada, but I haven't heard about the product linked above anywhere else.

Has anyone else heard of or seen this?

Hopefully Canary or SSB will confirm/deny.

Yxt as Eu Reseller Already confirmed it

Nah, someone will just jump the gun with a sales thread for group buy, reselling, whatever they call it these days.  This is business, shovel selling!

Source?

https://bitcointalk.org/index.php?topic=245990.msg3465116#msg3465116

Thank you.

38gh for 2btc? What's something like that produce per day at current diff? (0.02 btc)....so 100 days roi with no dif increase...it will never make more than it costs.

Useless at this price....incredible...we are seeing every new device that comes out with a negative profitability.

I think that mining and selling mining devices to the public is going to face plant in the next few months.

As of today, ~36GH on BTCGuild is producing .05~BTC/day.  I know diff change is coming soon, but even still, disappointed about the leaked price/news as it is another case where AM hardware is going to help build the network but do zip for the miners buying it.  Hope it pans out at a better price.

And people still buy. It looks like they dont care about. So if the market wants it we should offer it.

I would really like to see some pictures of the Cube :)

Indeed, because there are still "after hype" guys, which really wants their uber cool asic and don't care about positive ROI, market situation or expected diff. raise.)

 keep doing your accounting in btc.  50 btc in may 2013 was  as low as 80 a coin or 4000 usd.   so if I took 4000 usd in may purchased 50btc and then purchased your 10th device holding on to every coin mined.  I would  now have 26 btc worth 210 each  that is 5460 usd minus 4000 usd and you get 1460 usd. power cost would have been about 260 usd and your taxable profit  is 1200 usd.

usa tax law would say that item made a profit.  now I agree if you have paid 4000 usd for coins in may held them until now they are worth about 10500 usd so your profit would have been 6500 usd.

so both moves made money one move made less profit but still profit.   We live in a world that most countries charge taxes base on the fiat of that country not BTC but BTC convert to the local fiat.  

  These 2 btc 38gh cubes at todays rates are around 420 usd .  I use usd since I pay taxes in usd.   If I buy a cube and mine vs buy coins and hold I am subject to very different tax issues.  So your use of btc to explain profit is very naive or since I know you are a very good programer slick bs to con people that don't understand the tax laws of their country very well.   My point is AM gear has turned profit as defined by USA tax law.  It has not done as well as hold BTC has in the same time period.  So to say AM is a loser is wrong as many of us made good money on USB sticks and blades.

  I for one am looking forward to a 2 btc 38gh cube.  but it needs to plug n play with bit minter's java client.   They will use 120 watts vs 300 watts that the usb sticks use to mine  the same gh. 

So yours Jupiter is not "uber cool asic" and you will actually achieve positive ROI on it?  ;)

Hopefully this new cube will use more energy efficient ASICs chips. Block erupters and blades are very energy inefficient because they are based on old, inefficient, obsolete ASIC technology.

I won't be buying any new hardware that uses more than 1W/GH, which currently limits my options to Knc and Bitfury.

120 Watts? If so, that is good news. Source?

The real money is in getting the hardware on first preorders, and then reselling it at a markup.

People were buying blades at $700ish and selling them for $1000 or more on ebay.

Grab a cube for 2btc, sell for 3btc, or whatever floats your boat. Done deal.

Why should one buy a miner when the profit he can make only comes from the bitcoin-usd-price? All the work included and then having even less than simply keeping or buying and keeping bitcoins?

I only see preorder miners with positive ROI. Though this will have changed once they finally ship: http://mining.thegenesisblock.com/

I see you say that the profit coming from bitcoins hold against mined bitcoins have an even lower profit than mining? Could you elaborate? I dont see how this should work.

Have you tried to resell an ASIC miner in the past couple weeks?  Even on eBay most are being sold below retail price.  Even cutting edge stuff like KNC are lucky to break even.

No not lately, it wouldn't make sense to because of the undercutting right now. When something new comes out--like the Cube--folks will be willing to pay a cut over inventory price because it's new, and some folks will buy on ebay because they don't have btc payment methods or don't want to pay the fees to buy btc.

The market is saturated...even for "in hand" products that everyone knows won't make profit.

Unless new stuff is half the price no one wants it anymore...mining is stalling out.

I wouldn't say that exactly. I constantly eye stuff on ebay being sold, breaking even at worse, or pulling in a premium. In some cases you can get something for less than what the owner paid for it.

I say give it a month more before people stop buying like crazy on ebay for in-hand products for high $.

Mining, overall is a risky proposition.

That being said, the Asicminer cube looks competitive and I think it's not a bad product at all. The the fact that you can order it and receive it in a week can not be understated. You can't really compare the cube with products that have not been released yet, like Cointerra or Hashfast, because the odds are they will be late.

If you can ROI in strictly BTC within 120 days then that's a reasonable purchase.

As others said though, if you have to take fiat/usd price into account, you are better off just buying BTC and holding instead of mining.

In 120 days difficulty will be so stupid I'm not sure if ROI is a term which should be used, unless BTC value similarly gets stupid.

The harder it is to achieve ROI, the less attractive mining for profit will be to the bitcoin community. This will then decrease the demand for mining equipment and make it too risky for companies to manufacture it or develop new technology. Very few companies will have the infrastructure in place to produce mining equipment at a price that can meet market demand.

The difficulty won't continue to rise at it's current rate for much longer, it will level out and increase the chances of ROI for some of the older equipment.

I just bought 140Gh for $950 (2.35 BTC)

0.60BTC is what you should be charging for 38gh

i don't think so especially when the price goes up like nowadays.. i'd say you have about 2-3 months tops starting from now to be able to roi because most of the cointerra, hashfast miners are going to come online sometime in late november and most of it dec-jan, kncminer nov batch alone was quite significant hashrate... once these streamline their production diff is going to be 50-60% per retarget if not more...

Is there a site where I can place my orders?

Yes and no. I agree that AM hardware prices seem high, but there's limited supply of the cheaper hardware. Those 200 KNC add-on boards sold out in all of 3 minutes. All November Jupiters have sold and no announcements have been made for what will happen in December. The only place you can buy KNC hardware today is on eBay. If AM charges a higher price than buyers will accept then they'll be forced to lower their prices - it's as simple as that. The market decides the price, not the consumer or the merchant.

As long as people take them, AM does well selling at higher prices.

Yes and no,
I could just wait 2 weeks to see what the next KNC offering will be.

No one with any brains is going to pay 3 times the going rate, that's even more than the Ebay prices!

BTC paid from ignorant customers tastes just the same as from the informed ones. We don't need to argue about prices - either the units will sell at the rate that Friedcat wants or he'll lower the price.

just a heads up: the taobao seller of cubes went out of stock AFTER i ordered, and cancelled my transaction. shoddy business and glad i used creditcard

I've seen some of these selling on eBay as the shipped orders arrive. Reselling really seems to be the money maker.

Just wondering if SwishBits is still the Australian reseller as I've been unable to get a response for queries for at least a week.

"I'm not currently involved in any more buys - but I'll review at the end of the week."

https://bitcointalk.org/index.php?topic=301183.msg3617535#msg3617535

That was two weeks ago. Other ASICMINER distributors won't sell into Australia while Julz is listed as the local distributor so we will have to wait and see if he is prepared to do any further GB's for us.

I will sign up for two Cubes right now if Julian will sell them to me!

According to pals in the scene Julz is out :( sent an email to friedcat about possibility of being a secondary reseller. will keep this thread updated as this progresses!

*sigh* Thanks for that, I wasn't entirely sure who the SwishBits person was in the forums, so now I know.

Thanks again, and hey if you're one of those Aussie people and you're in the know on any buys you could point me at them ;P

Greetings friedcat. I received a few cube units as part of canarys group buy, and one of the units is defective.

The green power light comes on, no activity on the fan, and no Ethernet connectivity.

How can we RMA the non functional devices ?

Did you glance inside to make sure the fan was plugged in? If stuff shifted around a lot, or people didn't care during assembly, the fan could be unplugged. These guys turn themselves off if they don't detect a fan spinning after a few seconds.
Might be worth undoing a few screws to check, or just looking inside it with a flashlight through the fan.

 Already tried that :( Disassembled the unit, took out the boards, verified fan was plugged in, tested with another fan, took out all the hashing boards and tried to get just the main board to just come up. Nada.

 Another unit arrived with obvious loose parts and screws fell out when I opened the case. Seems two screws fell off the heatsinks and was causing it to rattle around. Screwed the heatsink back on, reassembled that one particular unit, and it came up just fine.

 All in all, though, I have to say I'm pretty darned impressed with these units.

Well that's sorta ridiculous. That's at least the third one I've heard about with loose screws inside.

Same, the design is so simplistic and clearly designed for volume. Setup thread is here: https://bitcointalk.org/index.php?topic=352658

Any chance of a response from ASICMINER on how Aussies can purchase cubes now that the Aussie reseller has pulled out?

Is there anyway I make my own small purchase directly from Friedcat/ASICMINER?

Bump.

One of the six cubes I purchased is in need of an RMA as it is non functional and collecting dust.

What are the procedures to submit a formal RMA request ?

Thank you kindly.

Contact your reseller....   Friedcat is busy counting his money and doesnt have time for the people that made him rich anymore....

Reseller first, then there is an email address for customer support at Asicminer.  I have used it twice and received new equipment within a week no questions asked.  But I'm guessing Cube supply is still restrained as they gear up.

EDIT: email is on OP: asicminer.help@gmail.com

 Thank you. Will try this. Reseller has had difficulty getting clarification on RMA's from FC as well.

Edit: ...and 3 days later a replacement shows up on my porch. Thanks FC and the ASICminer team ! Cheers !

Hi guys... When the new model comes out ? And how will it be ?

I have a small budget so this is the best option for me.

I am European (Portugal) if you order how long it takes to arrive?

Cups.

While I know they're sold out, what's the going rate on USB miners? I may have come into unexpected stock.

What is the hash/s ? And price ?

330 mhash per unit. The original block erupter USB. Well, revision two, but original chips. When I last sold them out was 0.1a unit plus 0.075 shipping, but that was when Btc was about $100 a coin and difficulty was a lot lower. I have no idea what to price these at.

I suspect it might not even be worth selling them...

check ebay and amazon...  should be $45-50 each... id try to move them quickly..

I do not want. Even want a Blade. Only then compensates me.

And how much would you pay for a blade now?

where I can buy the usb asicminer?

eBay. They don't make them anymore. Hash rate is too slow.
Shameless plug:
http://www.ebay.com/itm/NANO-FURY-Bitfury-USB-ASIC-2-Gh-s-Bitcoin-Miner-Overclockable-to-2-2-2-4-/121240994213?pt=LH_DefaultDomain_0&hash=item1c3a86c1a5 (http://www.ebay.com/itm/NANO-FURY-Bitfury-USB-ASIC-2-Gh-s-Bitcoin-Miner-Overclockable-to-2-2-2-4-/121240994213?pt=LH_DefaultDomain_0&hash=item1c3a86c1a5)

but no other cheaper options?

I have just gotten back a package from FedEx - I have 60 of the old asicminer USB sticks. I'm open to selling them, in bulk though. Anyone interested in ten or more?

Price up for negotiation.

Your best bet is ebay. Put em up for $35 each plus shipping charge and they will be gone in less than a day.

I'd pay $60 for 5 of them or 0.085 BTC plus shipping.  I'll buy 10 if I have to, but really only want 5.

I need to test them - the box 2 with FedEx for a couple months and I'd rather trashed (and missing like 18 sticks...) but once I do I'll be let you know.

Speaking about the cubes. I would not want to be a reseller for them. Your going to loose your shirt on the warranty issues.
This is not really a product for noobs with its current issue's so should not be on ebay or amazon.

They are arriving with loose screws, bowed boards and enough not running that is appears to be a significant DOA or Partial DOA issue.

I myself just got one, While there were no loose screws, I took it apart and every heat sink had screws that were so loose to be almost dropping out. The boards were out of their slots and the main board bowed.

After tightening the screws, reseating boards and realigning them in their slots (peeling off the fan sticker that everyone says flys off in the first few mins). I powered up. Can only get "lo". Switching to "high" actually drops the hashing rate and boards begin to get "x"s on them until every chip is an "x" and the system becomes very sluggish. Only solution is power off, wait a few mins, then back on. Power is not issue as running new 12v rail only CX500 with 2 PCI-E cables for 1 cube.

Running at "Lo' for over 12 hours now and hash stays around 30mhs using bfgminer. (tried stratum mining.py and it was slower on two different OS X machines).

I think I would rather have three or four blades than 1 cube. More reliable and if something goes wrong, only 1 blade goes out.



ASICMINER - thread lock on the heat sink screws would keep them tight and a rubber bumper under the middle of the main board would keep them in their slots.

Hopefully there is a gen2 or gen3 chip about to roll out for them.

That's fine, I'm in no rush, just want to complete mine and my son's rigs to an even 5GH/s each on the BE's and all I need is 5 to complete it. 

I was hoping to buy a couple Cubes as well, but I'm leery seeing all the issues they are having, I may just stick with the Blades for a bit.  The other USB devices are just way too outrageous for my blood, I can't believe people are paying $160/GH for those things (shutter).

Want to buy USB erupters from India,but Pinwheel don't have stocks  :(

I recently purchased a Raspberry Pi (guy configured it to work with Slush's Pool with my worker info), a Cube, PSU, etc. Is there a guide that shows how to connect the ethernet cables? Do I go from the Pi to the router, or Cube to the Pi? Both the Pi and Cube to the router? Thanks for any help.

 Both the Cube and the Pi need to be on the same router with their own individual IP addresses.

Aren't Cubes like blades? you need to run a stratum proxy on the pi and the Cube is a computer in it's own right. it needs the IP of the Pi. Plug both the pi and the cube into the router.  There is a guide thread for how to do the setup around here somewhere.

Here you go.  Official set up thread.  Not sure how much info is on there about pi though.

https://bitcointalk.org/index.php?topic=205369.0 (https://bitcointalk.org/index.php?topic=205369.0)

Thanks, I'll let you know how it goes tomorrow.

Are you planning to have any distribution in Australia or New Zealand? 

The last post in this thread was almost two years ago. Since then, ASICMiner has gone quite belly-up and pretty much stopped doing business entirely about eight months ago.

So it's pretty unlikely anyone will be distributing their products anywhere.

arjgale has some other sticks in the land down under.

wait for a link



here is link

https://bitcointalk.org/index.php?topic=1123519.0

I picked up an s4 yesterday! thanks!