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BTW, I will buy 10 if it prices at 1 Bitcoin.
As 2 Bitcoin, at most I can afford 1 USB.
Quoted for those who think ASICMINER is charging too much.  Of course everyone wants them cheap, but these are the only ASIC devices available right now, and there is a limited number that can be produced. They are going to sell out @ BTC2 as fast as they can ship them. Nothing is free, this isn't a get rich quick scheme for customers. |
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The Block Erupter USB sticks passed all the tests and we are about to produce them in quantity.
"In quantity". I like those words. Very many ideas thrown around here for the auction of these (possibly good, but experimental and possibly confusing to customers). So let me throw in an idea too: fixed price 2 BTC, first come first served! Much more manageable, affordable and relatable. And a price/hash a little above what the Blades have been getting. Works for me, I'm first in line and I will buy them all (to auction later). So, should that be considered a binding offer?  Anyway, I think there are more than enough people willing to pay that price. (Even though there are apparently many people also not willing to pay that price.) Well the only other off the shelf ready to go equipment is a GPU. So $150 for a GPU or $200 for an ASIC. Also you can hope BFL ships in the next 6 months, or go make your own ASIC... I'm sure people are sad they are not being sold at less than market price but meh. We should just mine with them if no one wants to pay a fair price. Thanks. I don't know guys... 1.99 per piece seems like too much to me. If it were auction, than I would understand, but fixed price... I don't see the demand for 10 000 usb miner at 1.99 BTC
agreed. as i posted in my group buy thread: minimum order of 300 x 1.99 btc = 597 btc exactly. ...wow. that's insane, when you realize avalon sells 10,000 chips (33 times more chips, but bare chips) for 780 btc. i mean, that's what, .078 btc a chip? and then you have burnin offering 10 chip board for approx 80 euro, and 20 chip boards for approx 100 euro (plus chip cost of course) that's approximately 5 ghash for under 200 USD, if my math is right. Yes, but these are real products, made and ready to ship. I can use one of these right away. What would I do with a avalon chip? it would take me 10 years to figure out how to do anything. I agree totally with Goat here. 10,000 will sell for 1.9 BTC as fast as we can ship them. I'm sure everyone wishes they were $50 so they could make a huge profit right away, but that would make no sense for ASICMINER, and it's not how markets work. Those who think they are overpriced can stick to GPU mining or throw more money at BFL and hope they get something before the 21 millionth coin is mined. |
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I would be very interested in seeing a detailed estimate.
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For ROI calculations, I ignore the exchange rate and use this simplified formula - It's not exact, but it's a quick way to do it:
Cost = 1.99 btc
Network Hash Rate = 78,000 Gh/s
My hash rate = .3 Gh/s
My Share of the Network = .3 / 78,000
Blocks found / day = 144
Block Reward = 25
Therefore, i will earn:
.3 / 78,000 * 144 * 25 = 0.013846154 BTC / day.
My ROI in days:
ROI (in days) = 1.99 / 0.013846154 = 144 days. about 4 3/4 months.
This doesn't consider an increase in network hash rate, which I estimate will cut profits in half every month until October. Considering difficulty increases the ROI is a little longer than 1 year.
This seems about right for retail cost, it seems a bit expensive at wholesale. Ideally, I'd like to see about a 1.5 btc wholesale cost.
Difficulty was estimated to be 70 million by the end of july even without these. By whom?? How many pre-ordered BFL singles and mini-rigs does that take in to account... and how many do you think will actually be hashing by then? |
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2BTC for 300MH is still too much, even for the average geek who are not expected to be too deep into mining... 2BTC is 200 bucks for a tiny 300mh unit.
If it was 30 or 40 bucks for 300MH, then that would make more sense, for the casual user and those who want to really get into mining. I don't expect some random kid with a macbookpro to drop 200-300bucks for something like this.
I think there will be buyers even at that price in the very short term, just because of the novelty and the bleeding edge factor. Anyhow, I still think this things with MASSIVE distribution at $40ish could be HUGE for Bitcoin. It would be spreading pills of monetary freedom, it could be a revolution. That would be a revolution of sorts... it would be a company giving away money for free. |
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2BTC for 300MH is still too much, even for the average geek who are not expected to be too deep into mining... 2BTC is 200 bucks for a tiny 300mh unit.
If it was 30 or 40 bucks for 300MH, then that would make more sense, for the casual user and those who want to really get into mining. I don't expect some random kid with a macbookpro to drop 200-300bucks for something like this.
I guess I am going to lose this mind war You do know that ROI on mining is a moving target right?? this is not some mp3player if it was as cheap as you say right now, it would be sold out in minutes.. so what does that tell you? Raise the price. ASICminer is making profit for their shareholders. I think this price is fine IF they ship small orders directly to buyers. You're exactly right. I posted this in a group-buy thread, but since I think so highly of my own opinion I'll quote it here: You can put me down for 10 in your group buy. I am also buying 300 myself for re-sale. These are the devices that are going to keep Bitcoin decentralized. If we end up with ASICMINER doing all the hashing themselves, maybe competing with a few other massive farms, the entire P2P concept is out the window. These allow the average user to keep mining Bitcoin with their personal computers. Selling 10,000 of these will put 3,000,000 MH/s back in the hands of the small-time miners and hobbyists, and more importantly keep them out of the hands of centralized farms and large corporations. BTC will be almost useless if all the mining becomes centralized. People who think that an investment paying off in 10-12 months is terrible are delusional. Take your chances with BFLs $200 5 GH vapourware, see how that works out for you. You won't have it by Christmas if you order today. Meanwhile, myself and everyone I know will be plugging in these bad boys before JUNE.  Those who were hoping to pay $50 and make a massive profit instantly... I don't feel sorry for you. That's not how business works. ASICMINER doesn't need to sell these for what they earn in two months because they aren't trying to get pre-orders to fund their project... they have already done that and are ready to ship. There is no risk for the end customer, they will get their 300 MH/s right away. If you wanted to make 10x returns on your BTC, you should have taken the risk and invested in ASICMINER's IPO. You can't expect a successful company to give away products for far less than what people are willing to pay for them. Also, I fail to understand anyone doing calculations that involve a BTC exchange rate. These are priced in Bitcoins, and they earn Bitcoins. The BTC/USD price fluctuations shouldn't make a difference. |
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You can put me down for 10 in your group buy. I am also buying 300 myself for re-sale. These are the devices that are going to keep Bitcoin decentralized. If we end up with ASICMINER doing all the hashing themselves, maybe competing with a few other massive farms, the entire P2P concept is out the window. These allow the average user to keep mining Bitcoin with their personal computers. Selling 10,000 of these will put 3,000,000 MH/s back in the hands of the small-time miners and hobbyists, and more importantly keep them out of the hands of centralized farms and large corporations. BTC will be almost useless if all the mining becomes centralized. People who think that an investment paying off in 10-12 months is terrible are delusional. Take your chances with BFLs $200 5 GH vapourware, see how that works out for you. You won't have it by Christmas if you order today. Meanwhile, myself and everyone I know will be plugging in these bad boys before JUNE. Those who were hoping to pay $50 and make a massive profit instantly... I don't feel sorry for you. That's not how business works. ASICMINER doesn't need to sell these for what they earn in two months because they aren't trying to get pre-orders to fund their project... they have already done that and are ready to ship. There is no risk for the end customer, they will get their 300 MH/s right away. If you wanted to make 10x returns on your BTC, you should have taken the risk and invested in ASICMINER's IPO. You can't expect a successful company to give away products for far less than what people are willing to pay for them. |
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Agreed. In addition the value of litecoins have been increasing slowly. However I'm not sure if the litecoin will take over the bitcoin in terms of popularity or value. Thoughts?
I don't think that LTC will ever overtake BTC, I think the two can be successful in tandem. Litecoin has really shot up in value recently, I was considering putting a few thousand bucks into it a couple of months ago but didn't... the price has doubled since then. |
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I am far from a mining expert, but my advice would be to look in to mining Litecoin instead of Bitcoin with your GPUs. The Bitcoin difficulty is in the early stages of skyrocketing due to the introduction of ASICs.
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Which I am writing.
The book talks about why porn should be mandatory to reduce rape and eliminate feminazism.
Basically it's an "aggressive libertarian". The ideas are mostly jokes but can be taken seriously should people wish.
I don't think you're going to have to worry about selling any. |
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