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Peps I have got this card and registered on it's website, however I can't find the IBAN for transferring some money through SEPA.
Can anyone please give me some instruction?
Thanks
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Hello @CanaryInTheMine
I am quite tempted to buy 10 Erupters from you, however I am in UK.. Do you ship outside of the US?
Thanks
give "yxt" a try please. He is the re-seller for UK yxt his asking BTC0.45 per Erupter, which from what I can see is a little too overpriced.. |
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Hello @CanaryInTheMine
I am quite tempted to buy 10 Erupters from you, however I am in UK.. Do you ship outside of the US?
Thanks
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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?
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..  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 |
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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?
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.. 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. |
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^Yes, keep items at their starting price forever and make ROI near end of time..
Has anyone ever made ROI on an AsicMinerUSB ? 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? |
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^Yes, keep items at their starting price forever and make ROI near end of time..
Has anyone ever made ROI on an AsicMinerUSB ? 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. |
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My family has been involved in the production of fine Italian wine since generation, and I am trying to work my dad through what Bitcoin is all about, and how e can successfully extend our business by adopting it.
I can't deny that at mom dad seems to be a bit skeptical, but considering that he is at least listening and attempting to catch up with it, this is a positive sign .
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Hello Folks,
I am new to the BTC mining scene and I am planning to put a small BTC mining rig with a raspberry pi and 5/6 ASICminer USB Block Erupter to begin with.
I know this question might have been asked and addressed already, however I could not find a reliable source and here I am.
Anyone knows a reliable ASICminer USB Block Erupter reseller selling in UK / Europe for a fair price?
I am based in UK and it'd be great if I could find a reseller UK based for quick and painless shipping.
Thanks
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