Bitcoin Forum

As you know, we resumed the supply of Block Erupter USBs in this month.

As you might not know if you haven't bought the new ones, we managed to make them:

Thinner - Up to 1mm of cut in thickness on the inductor.
More refined - The frontcases/heatsinks are now built with better surface processing.
Having more choice of color - Seven in total  (black and 6 colors shown below), of which two are accompanied with concentric circle effects on the surface.
As widely available as before - No pre-orders. No date projections. They are for sale, here and now.

http://i43.tinypic.com/i59ml4.jpg

The world's smallest Bitcoin miner, powered by the world's first Bitcoin mining ASIC.

http://i40.tinypic.com/sz90yo.jpg

Besides securing the blockchain and gaining ROI, they are also ideal as souvenirs for both newcomers and experienced bitcoiners.

Pretty.

Have you dropped the price to a reasonable .01BTC yet?  I'd like to see RoI sometime before 2020.

+1 What's the price of these devices? They look great by the way.

Yeah, still hard to ROI.

I'd love to see a more durable version made with the PCB enclosed.  I'm always afraid I'm gonna short these guys out with a loose cable or something.  I tend to plug/unplug other USB devices to nearby ports.

So we are looking at a cost of about 0.1-0.2 BTC each?

Maybe it's also time to push some Mh more on those cuties..

Where are the prices?

Good one Friedcat.! Looking forward to the new blades.
Prices for these..?

you dont get it people.

this thread is not about pricing, but about securing blockchain and buying a piece of art.

Really cute!  :)
This is perfect to introduce someone to bitcoin, where they can actively participate with something that looks appealing and familiar. Much more engaging than just creating a wallet on blockchain.info, transfer a small amount and say "now you own some bitcoins, good luck".

For the price: I believe you should see with each reseller.
 

+1 again. Can we get pictures of the back of them as well? And even at 0.1BTC I think they'll take a very long time to pay off.

These are in stock, ready to ship at WTCR.ca (http://WTCR.ca)

Price??? Didnt see any info about price

0.349

 :D

From www.wtcr.ca (http://www.wtcr.ca/catalog/bitcoin-mining-asics):

https://i.imgur.com/78OD6Cb.png

Also:

oh la la!   

we randomly opened up a USB the other day and found it had those purdy beveled edges, and the certification stamps on them.. looks very nice!  now that I see there is even more variety in colors than I had previously thought, I actually want to collect them all! :) 

thank you FC, you saved the stock from reaching 2.0, now people grab the share while its still under 3.

sp

WellWell I would buy one as a souvenir. Just because I can.

There you go Folks!!!! 33GH for ONLY $3300!!!!!!!!!!!!!  

Hey! K9!  How much BTC will that 32BTC get back?!?!?!?!?

Pass.

even if it was barbie pink i wouldnt buy it you genius

Well, Bitcoiners don't have any girlfriends to introduce to Bitcoin, that much is obvious.

Speak for yourself. Thanks.

What are the tech specs & where can i get one?

I'm half expecting to see these being sold at WalMart -  :-\   We are now entering the dawn of the THs, strap in and enjoy the ride...  :'(

That guy friedcat must be really desperate...  :'(

Anyway gl on promoting those overpriced usb miners as protectors of the blockchain  :o and souvenirs  :-\ !

I don't understand this attitude.

Why does everyone who wants to mine have to be in it for a guaranteed profit?

I'm personally not willing to drop $40 for one of these, but if it were, say, $10 or $20 I would happily get one and just solo mine it.

I've been involved with Bitcoin for two years and I've never yet gotten into mining. A large part of that is because there is no free-software for Debian that will CPU or GPU mine, and another part of that is because the barrier to entry is too expensive with ASICs.

I'd be HAPPY to gamble on a a small USB ASIC miner. If I never discover a block(which I most like won't) then I'd be out $20. Whoopdy dooo!

But if I did discover a block I would win $2500.

And don't tell me it's a losing gamble. Of course it is! A lot of gambling is, but that doesn't mean nobody would want to do it.

You should want to get more people to have a stake in Bitcoin. The more people that mine, even if it's just a teeny tiny USB miner like this, helps people to feel more a part of the community and to understand Bitcoin. So what if they lose $40 or whatever?? That's their call!

Same!  I got one of the new ones from a group buy.

Clearly you have not read my post history, otherwise you would have picked someone else.
As always, you get the math wrong. Today, BTC is trading at $122, so 32 BTC for a 100 pack would be worth $3904.
They would get about half their BTC back according to http://mining.thegenesisblock.com/

They would at least get their mining equipment immediately. If the difficulty rise tails off (unlikely), they would be in a position to take advantage of that because they would already have their hardware running. Still, these should only be regarded as novelty items, or for securing the blockchain and democratizing the mining of bitcoin, not for an investment that will give a positive ROI.

Plus, shiny.  ;)

WTF is the point of these?! they already exist...
Why make another version?! It better have programmable VRM ... that would make it worth while rofl! otherwise WTF!?

You rely on MtGox for your BTC pricing? roflmao.

I knew quite well your post history, just as I knew quite well 32 BTC could NEVER be recouped as BTC, and I knew you have this hardon for BTC comparisions regardless of USD pricing.

And it's SOOO much better to mine now that wait.  Back in June you could have spent 8000 BTC for the equivalent of a mini-rig.  Now you are paying almost $4000 dollars for what is basically a little single.  Great investment, I can use it now!

33GH now vs 600GH later for the same price.  And this isn't JUST BFL offering that.  I've seen at least 3 companies claiming roughly the same.

This is an intentional screw to the greedy customer too dumb to realiae it.  If BFL was as shady as ASICMiner, it would have sold units on e-bay 2 months ago for $100k+ instead of shipping to their customers, claiming "Oh, look, our first customers are selling!". 

No, they couldn't sell them on Ebay because the merchandise must exist before Ebay will let you sell them. ASICMiner can sell you an overpriced product because all BFL can do is sell promises, they can't keep them.

KNC and Bitfury might provide some competition. BFL never will.

Really good news friedcat! :)

2 months ago it did.  18 jun the first 3 mini's were shipped.

Oh, you mean the gigavps units? They penned a deal with giga that he would get his mini-rigs before anyone else. Beta customer or some such.
That would have blown up in their face.

However, this was reported:
http://bflfraud.com/

Ah, yes, everyone who starts out:

"I’m not going to tell you a pack of lies. I’m just going to tell you how it is. "

Is always 100% reputable.

Besides, Jun 20 1 mini shipped
Jun 21 1 mini shipped
Jun 22 mini shipping continues (they stopped giving numbers)

But hey, they MUST have been lying about those.

Link to your source for that information?

Wow, you forgot how to access the BFL blogs?

So you're saying that if you had $39 in your pocket, and you converted it into BTC and purchased a miner with it.. you mine it for a year or two, and you will never get your $39 back?  What if a BTC suddenly climbs to $10,000 in a couple of years.. and this only generated 0.2 BTC at that time (a net BTC loss), you would still have $2000?  If these can make 0.01 BTC in 3-4 days, who's to say that 0.01 BTC isn't worth >$40 soon?

People purchase these for different reasons.  I have many of these purring away right now and I have already earned over 20-30% of their cost.  If at the end of the year they have only earned 60% that's okay with me.  It's better than pre-ordering a BFL and a year later it hasn't arrived, at least with these you can do your profit calculations knowing that it will be in your hand in a day or so. 

These make an excellent choice for first-timers of Bitcoin particularly, even though holding BTC is an even better way to guarantee profits. 

There is also the PPCoin angle.  If you point yours at PP, there is a chance that by the end of the year the PPCoin hashrate skyrockets and block reward plummets, and you could convert your PP into BTC at a profit.

*Who knows* what will happen in this crypto world, and what the best choices are, but don't hate on the USB miner because they are "outrageously" priced at 0.39 BTC!  I remember paying 40 BTC for a 5870 not long ago.  If you want a miner, buy one, if not, keep it to yourself! :)

You forget, these are the people who claim that buying a BTC miner is the SAME as buying BTC.  Therefore, you NEED to be able to get your BTC back or you you have failed.

Neverreachableroi again?..

When you decide to buy an ASIC miner you are deciding to buy a variable stream of BTC. If one can estimate the total expected BTC, then one can price that BTC and compare it to buying BTC off an exchange. If you can get the BTC off an exchange for a lot less, then the miner will not yield good investment returns compared to just buying BTC.

Thats fine. I consider them superior to BFL as well, since the USB sticks actually exist.

I wouldn't say guarantee, but otherwise I agree.

Perhaps.

Why shouldn't the math be posted? That is the fundamental nature of bitcoin itself, it is based entirely on mathematics.

This is the common fallacy of your argument.  Instead of buying a BTC miner you should buy BTC.  A large percentage of the people looking to buy a BTC miner would never have the patience to *buy* BTC and hold onto it.

While I have traded on an exchange and lost BTC, I have more now than if I had never used the exchange.  Having never spent a single BTC, I fall into the group of long term investors that would be better off buying BTC than buying a miner.

That said, there is something to owning the miner, seeing the trickle of coins coming into your wallet.  Buying BTC is like buying stock... you cheer with every upward swing and curse at every downward tumble.  While solo mining is unlikely to pay off, you could always hit the lottery and find a block.

Hey!  Forget buying BTC or Miners!  BUY LOTTERY TICKETS!

It's all relative.  If you are able to buy BTC and walk away for years, your BTC argument works great.  If you are not...

They look good as gifts. I would probably purchase as such.

did i heard GIGAVPS somehwere above?!? He is still owing me 2 shares of GIGAMIMING. With all those lawyers and I am under 18... gone for good :(


Kinda off topic. anyway, I do love the 2 new shiny texture on the USB.

A hot, vibrating, BitCoin mining USB Block Erupter. Damn.

I'm certain that this will attract many females.  :D :D

Cool. Is there a group buy going on selling these new one ones?

Several:

https://bitcointalk.org/index.php?board=137.0

Look for one near your country.Don't forget you'll need POWERED USB hubs:

https://bitcointalk.org/index.php?topic=253749.0

Instructions on running them:

https://www.btcguild.com/index.php?page=support&section=blockerupter

They are neat,but as stated,it will take quite awhile to earn your money back...just so you know  ;)

Yes, they get paid to masterbate, it'll be like solo prostitution!

I think you're on to a winner, and Friedcat is missing a trick! ;D

I don't know why op mentions ROI when you can't get ROI on them..

I just want to go on record saying you are a certified Bitcoin Boss and a brilliant marketer.

absolutely gorgeous.  Your erupters make me want to make hashing wall art.

seriously, it's a fucking modern art masterpiece. 

friedcat 4 prez

Months ago I paid 1 BTC each for 2 miners and 1 BTC in shipping to my country (I live in a technological wasteland called Australia), my miners are so far from ROI I can't express it in words.

AAAARRRRGGGGHHHH?

A picture is enough?
http://i0.kym-cdn.com/photos/images/original/000/000/578/1234931504682.jpg

I got a couple of these, and wondered if the seller modded them. heh. they were black, but the bevel was metallic. i also noticed the cert.s bottom right. They look good, but a functional imporvement would have been more impressive. :o

Don't worry, bcp19 says BTC will go to $1000 and you will get "ROI".

Actually, worry. A lot.  :(

That statement is a lot like your long con, until it happens, you can discount it and discount it and discount it.  Up until it becomes true.  Which will come true first?  The supposed long con or BTC=$1000?  I bet the latter.

Captured for posterity purposes since bcp19 has been ninja editing his posts.

Yeah, to be clear I did not buy them with any expectation of making ROI or 'lots of easy money' (like a lot of newbs seem to... geez). I got them because they are cute and amusing, and replace my existing graphics card setup* (300 watts for a HD5970 or 5 watts for two AM USB's?!). I considered modding them as per the overclocking thread but instead I ended up just sticking the cleaned up PCB onto a huge copper heatsink, which keeps em very cool but offers no other benefit.

*I was mining terracoin (SHA-256) at the time, so it seemed like a good idea. Now, not so much  ::)

Wow, more lies!  I'm having trust issues with you now.

https://bitcointalk.org/index.php?topic=241652.msg2793903#msg2793903

 :D That sums it up for me as well.  I paid friedcat 199BTC (when it  was $120/BTC) for 100 miners back in late May.  Let's just say, it's been a tough 12 weeks.   :-\

Also captured for posterity in case he gets caught ninja editing again.

PSA:
If you have ordered from ButterFly Labs and have not yet received your product, you are entitled to a refund whenever you request one (per FTC rules).
First ask ButterFly Labs for a refund, they will probably say no but you might get lucky.
If you ordered via PayPal you can file a complaint with them even if you are outside the 45 day window. Multiple customers have already gotten a refund from PayPal that was outside the 45 days.
If you ordered via Bitcoin or Bank wire, you can fill out a complaint with the FTC at  http://www.ftc.gov/complaint and they will advocate for you with ButterFly Labs to get your refund. You can also contact the office of the Kansas Attorney General and inform them that you have had your money taken with no product delivered for months, just more promises.
You can also do a paper filing with the DA here: http://da.jocogov.org/complaint-forms

There are also several threads on how to get a refund from ButterFly Labs, here are two:
https://bitcointalk.org/index.php?topic=266945.0
https://bitcointalk.org/index.php?topic=272585.0

Ther only edits I do is removing your cut and paste BS to try and clear up conversation.  I am beginning to think you are doing this on purpose to confuse people.  You cut and paste from 15 different threads, incoherently babble about things that have been patiently explained multiple times and downright obfuscate the remainder of your posts.  I'd ignore you if it wasn't so funny watching what you do next.

In addition, what am I supposed to have ninja edited? 

Also captured for posterity. Post contains no content except denials so:

If you have ordered from ButterFly Labs and have not yet received your product, you are entitled to a refund whenever you request one (per FTC rules).
First ask ButterFly Labs for a refund, they will probably say no but you might get lucky.
If you ordered via PayPal you can file a complaint with them even if you are outside the 45 day window. Multiple customers have already gotten a refund from PayPal that was outside the 45 days.
If you ordered via Bitcoin or Bank wire, you can fill out a complaint with the FTC at  http://www.ftc.gov/complaint and they will advocate for you with ButterFly Labs to get your refund. You can also contact the office of the Kansas Attorney General and inform them that you have had your money taken with no product delivered for months, just more promises.
You can also do a paper filing with the DA here: http://da.jocogov.org/complaint-forms

There are also several threads on how to get a refund from ButterFly Labs, here are two:
https://bitcointalk.org/index.php?topic=266945.0
https://bitcointalk.org/index.php?topic=272585.0

cool down the threadjacking, BFL refunds are a totally different topic for one of 100 other threads

my 0.02btc : the new erupters look really cool, and i actually kind of want one :)  at least once they drop to 0.2BTC

Good point. They do look cool. I would buy at 0.20 BTC.

Damn, those look really good, and very shiny. Maybe I'll get one as an expensive paperweight :D.

I initially purchased one, for 0.99BTC. Then price dropped to 0.5 and I got discounted one for 0.1BTC with 7 more without discount.
While waiting the shipping of these, price dropped again to 0.4BTC. No discount at this time.

You already said you'd never buy anything for BTC that would not mine that amount of BTC.  That'll never mine .2 BTC. 

In criminal law, fraud is intentional deception made for personal gain or to damage another individual.
http://en.wikipedia.org/wiki/Fraud

Welcome to scammers club, friedcat!

I often see ROI mentioned here on the forum when it comes to the mining devices and the expected return from them.

People seem to confuse the Return on Investment (ROI) and the Break-Even point (BEP)

ROI could be positive or negative.

http://i.investopedia.com/inv/dictionary/terms/ROIb.gif

Break-Even is the point at which cost or expenses and revenue are equal.

ALL mining devices will ROI, but a lot of them won't Break-Even.  


EDIT: I will be ordering a bunch of these and use them as presents to friends. They will be a great way to break the ice and get my friends intrigued with the Bitcoin world.   ;D

Very good explanation, hope people with remember it and apply the right terms :) 

Ok, I'm missing something. I see lots of people talking about "never" making ROI on miners varying from these little toys up to 400 GH/s ASIC array devices. What timeframe are you people looking at? The ONLY reason I didn't preorder a KNC mining device is I was unable to raise the cash in time. Extrapolated over a year, difficulty would have to rise to close to a billion for me NOT to make a positive ROI. Not saying that necessarily applies to the USB block eruptor, which seems to me more of a novelty item, but still!

You want a good ROI in bitcoin? Start promoting it to folks who might use it as currency. The transactional end of things is sorely neglected at this juncture. In the long term, mining for bitcoins WILL CEASE. Then the only profits to be had from the network are transaction fees, and the coin itself rising in value against other currencies. THESE are the issues we should be focusing on, as if they are not addressed, Bitcoin will end when the last coin is mined.

If you're looking to make ROI in a day or two, you are better off going to vegas, where the odds are against you but the possibility exists. If you are interested in promoting the idea and ideology of Bitcoin, then a year or more to realize ROI is not egregious.

You missed my point. Or perhaps I wasn't explicit enough. I did kind of get sidetracked in that I feel quite strongly that too much emphasis is placed on mining and not enough on developing general acceptance of bitcoin as a viable transactional instrument.

What I am failing to understand is WHAT TIME FRAME are you (and the many others who are complaining) are you expecting to break even? I run calculations based on both optimistic and pessimistic numbers rather often, and it still seems that the bigger devices will break even in a few months on the worst end of the scale. That's pretty damn good. Better by orders of magnitude than you would expect from successful gold mining. What, if anything, am I missing? Or is this all just a quick scheme to get a quick buck to a lot of people? I tend to look at investments in the middle to long term, rather than tomorrow.

Oh, FWIW, I intend to live forever :)

EDIT: I failed to cover your other point. I agree fully that ASICMiner devices are vastly overpriced. They are not going to be the only game in town much longer, however. I view this particular device as a toy. I probably will buy one, if the price drops a bit more, just for the sake of the history of it. I wouldn't expect it to break even, but it's cool looking. The problem I'm seeing is people are saying the same thing about devices that very well should break even in a very reasonable amount of time even if difficulty increases by an order of magnitude or more.

The shiny part is their only good attribute.  :D

Ok, six months I see as a reasonable time frame. On the low end of diff rise we are talking DAYS on some of the projected devices, so I failed to see the gripe. Six months is still pretty damn good. Thanks for clarifying that. My background is the restaurant business, where a positive ROI is often measured in decades, so this seemed a bit off to me. 

Where is here and now?!

DobZombie, see with any of the resellers. For instance:
https://bitcointalk.org/index.php?topic=280961.msg3005351#msg3005351

no, what I'm saying is no resellers is reflecting these new models in their ranges. (Or new prices)

The Aussie distributer is just a bloody email address!

They just didn't update their pictures, but they should have the new models. Ask them if you have doubts.

 :)

We have new models at WTCR.ca (http://WTCR.ca),  please put a note on your order to advise us you are looking for the new model..  we cannot guarantee color availability, but we will try to accomodate.

teek

once i can get 5/1.00BTC, i am all over these! I know they will never make back more than half thier cost if lucky, but they are beautiful, collectible, and have some resale value for all the above.

however, at the current price you will never get more than 30% of the price back

i need about 100 silver ones please :)

idk why everyone is whining about ROI... its about keeping the network more decentralized... and its fun.... with some creative mining,  and daytrading the bitcoin dips.... ive made back 100% of what ive spent on these......   I mine PPC with them from time to time also....

If i can get the shiny one for 0.2 in the near future, i probably will grab 1 for collection

Don't confuse the issue with facts! That stops all the hate!

A bunch of silver ones would be cool, if they were cheaper.

I'll take 10 silver at market price.  Can any reseller guarantee that?

I am part of a company set up to sell and service ASICMINER Block Erupter hardware for miners in nearly every country on earth:

https://2asic.com

In addition to the contact information on the website, you may private messages me here regarding our products.

Get yours while supplies last!

$69.99 = 0,5617BTC = expensive.

Noo - now I need more to make up my complete collection of coloured miners :(

Eventually, it will cost as much or more to keep the miner powered than the value of the Bitcoins the miner makes. At that point, you have to power the miner down or you lose money. When people say a miner will "never make ROI", what they mean is that even if you run the miner until the ROI is at its maximum value, it will still be negative.

Thanks for the offer but that's well above current market value.  Most other resellers are in the mid $40s range.  I want some silver BE's but I'm not willing to pay a $20-30 premium for them.

for power outtages keep backup batteries and solar panel. run miners off this. EASY

So many haters on here. People obviously don't have much investing experience.

Returning 100% in one year would be a great investment.

How would you expect to get your money back in 1-2 months; only if the bitcoin price/mining system is in INBALANCE. The system will always strive for balance.

if people could mine and make more money than if just buying coins; they'll buy a lot of miners (people with $Thousands and $Millions. If the btc price is cheaper than expected return from buying mining equipment they'll buy BTC and drive the price up! This would bring the price/mining imblanace into balance.

Yeah, this is where I'm coming from. I don't expect to pay off my investment the day after tomorrow, but over a term of a year or more. Which is still fantastic from where I sit. Of course if you catch the leading edge of the new tech, you might ride the imbalance and make a killing, which would be cool, but investing solely on that paradigm seems... naive, to be polite.

have 12 of the "old" ones and broke even 2weeks ago after 4months..... they on 24/7 so they make some BTC

congratulations!

yeah well i already blown it on more equipment