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Author Topic: [Announcement] Block Erupter USB  (Read 250945 times)
aurel57
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June 22, 2013, 11:26:35 PM
 #1001

I would be willing to sell some of my USB miners ... black only .. BTC payment.. USA buyers... PM me if interested
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Rampion
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June 22, 2013, 11:27:31 PM
 #1002

Cute.

The correct price is what people will pay.

I'm not buying at this price because I expect the price will drop a lot.



It also depends on how many they can produce. They claim to be able to churn out thousands quick.

I'd buy 2 at 2BTC, maybe 50 at 1BTC and the 300 batch at 0.5BTC.

So, depending on how much are their production costs, they might be maximising profits at cheaper prices rather than at more expensive prices. Of course, it also depends on the demand from everybody else.

It's not just me. At 2BTC it's hardly profitable if at all, people would get a few just for the novelty and to be able to say they're mining. But at a competitive price they'd sell many thousands in no time.

So, can they really produce tens of thousands per month? if so, then 2BTC is not a good pricing as they will only sell a fraction of that. Just wait and see. Maybe they really cannot produce so many.

It's pretty obvious to me they have a limited production capacity, if they could spit out quickly hundreds of thousands of those they would have to price them "more reasonably" to sell them out.

LazyOtto
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June 23, 2013, 08:20:40 PM
 #1003

It's pretty obvious to me they have a limited production capacity, if they could spit out quickly hundreds of thousands of those they would have to price them "more reasonably" to sell them out.
Oh? Perhaps at the 1btc each price which is current as of today versus the introduction price of 2btc?
CanaryInTheMine
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June 23, 2013, 08:22:52 PM
 #1004

let's go folks!!!! NEW price, NEW group buy here: https://bitcointalk.org/index.php?topic=241414.0
~1.01 btc each when ordering 10  Grin

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Rampion
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June 23, 2013, 10:23:33 PM
 #1005

It's pretty obvious to me they have a limited production capacity, if they could spit out quickly hundreds of thousands of those they would have to price them "more reasonably" to sell them out.
Oh? Perhaps at the 1btc each price which is current as of today versus the introduction price of 2btc?

No, MUCH cheaper - around $25

But with a big production capacity and adequate distribution they would make tons of money, and do a greater good to Bitcoin.

But big production capacity is expensive and difficult to quickly set up.

LazyOtto
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June 23, 2013, 11:26:36 PM
 #1006

... and do a greater good to Bitcoin.
Not their job / responsibility.

Never set your price point such that you sell out faster than you can produce / procure.
Boelens
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June 23, 2013, 11:30:36 PM
 #1007

I have a question, if I buy this Block Erupter in the Netherlands, with power rates of 0.32$, when will it break even? Also, I have a Raspberry Pi, however I assume since the Block Erupter has to be plugged in, I also have to keep a laptop/PC on?
rammy2k2
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June 23, 2013, 11:45:35 PM
 #1008

I have a question, if I buy this Block Erupter in the Netherlands, with power rates of 0.32$, when will it break even? Also, I have a Raspberry Pi, however I assume since the Block Erupter has to be plugged in, I also have to keep a laptop/PC on?

no USB miner will break even, these are just toys / gadgets
note that new selling price is 0.99 BTC, posted by friedcat
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June 24, 2013, 12:23:46 AM
 #1009

I have a question, if I buy this Block Erupter in the Netherlands, with power rates of 0.32$, when will it break even?
I like this calculator:
http://www.coinish.com/calc/#

With the new cost of 1btc per unit, looks to me like your profit at twelve months will be between -$35 and -$60 USD. (It all depends on your difficulty rate of increase assumption.)

IOWs, you might make back about half of what you paid with twelve months of 100% efficiency mining.

If you start mining on it *today*.
mdude77
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June 24, 2013, 12:26:44 AM
 #1010

I have a question, if I buy this Block Erupter in the Netherlands, with power rates of 0.32$, when will it break even? Also, I have a Raspberry Pi, however I assume since the Block Erupter has to be plugged in, I also have to keep a laptop/PC on?

no USB miner will break even, these are just toys / gadgets
note that new selling price is 0.99 BTC, posted by friedcat

No one can predict the exchange rate for BTC.  If it drops to $20, a lot of people are going to be hurting, not just the USB guys.

On the other hand, if it goes back up to $200 or higher, we'll be doing a happy dance.

It's a gamble.  Feelin' lucky? Smiley

M

I mine at Kano's Pool because it pays the best and is completely transparent!  Come join me!
LazyOtto
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June 24, 2013, 12:32:02 AM
 #1011

No one can predict the exchange rate for BTC.
Which is irrelevant to this calculation since the item in question is priced in BTC.

For all the BTC spent on these now, you will have half that amount of BTC in one year than you do now.

All subject to long term rate of increase in difficulty. Which is relevant.

And which no no can, accurately, predict.  Wink
LazyOtto
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June 24, 2013, 12:33:55 AM
 #1012

On the other hand, if it goes back up to $200 or higher, we'll be doing a happy dance.
Oh? Even those who paid for their mining gear with BTC when it was ~ $6 - $17 exchange rate?

-- edit

The moral of that story is: If you're betting long term on higher BTC to fiat exchange rate valuations then every BTC you spend, or neglect to buy now, is an opportunity cost.
kosmokramer
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June 24, 2013, 07:48:25 AM
 #1013

My loyal USA customers:

If you've been satisfied with my service thus far and want it to continue, I encourage you to contact ASICMiner and provide them with honest feedback about my business practices so they can make an informed decision regarding a re-seller partnership. It would take you 60 seconds to do just one of the following:

  • PM friedcat - tell him how your experience with me has been and your honest opinion about me becoming an exclusive US re-seller
  • Email ASICMiner (asicminer.usb AT gmail.com) and tell them how your experience with me has been and your honest opinion about me becoming an exclusive US re-seller

Please see my OP ... TL:DR - I would love to continue serving you all, but only as an exclusive US re-seller with standard privileges and protections.

firstbits: 1kosmo | PGP Public Key
Anenome5
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June 24, 2013, 07:55:13 PM
 #1014

My loyal USA customers:

If you've been satisfied with my service thus far and want it to continue, I encourage you to contact ASICMiner and provide them with honest feedback about my business practices so they can make an informed decision regarding a re-seller partnership. It would take you 60 seconds to do just one of the following:

  • PM friedcat - tell him how your experience with me has been and your honest opinion about me becoming an exclusive US re-seller
  • Email ASICMiner (asicminer.usb AT gmail.com) and tell them how your experience with me has been and your honest opinion about me becoming an exclusive US re-seller

Please see my OP ... TL:DR - I would love to continue serving you all, but only as an exclusive US re-seller with standard privileges and protections.
So you want a territorial monopoly on ASICMiner goods, and AM wants the money you'll offer them for it. What do we get out of that exactly, except higher prices overall Tongue

Democracy is the original 51% attack.
Xian01
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June 24, 2013, 08:00:08 PM
 #1015

tell him how your experience with me has been and your honest opinion about me becoming an exclusive US re-seller

 Not cool, bro.
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June 24, 2013, 09:50:31 PM
 #1016

Where did you get your magical insight into BFL's problems? As far as I can tell they have only mentioned that the power consumption was far greater than anticipated, and they have not given out a reason for that yet.

If you define problem as an unforeseen delays to overcome before shipping product, you don't need magical insight, you can just conclude there have been legitimate delays that were unforeseen.
 The other option is they are devious and misleading, but I prefer to think they missed all the repeated deadline promises because they had problems.   

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
stex2009
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June 24, 2013, 11:58:56 PM
 #1017

Can I use these cheap USB ports for mutiple block erupters?
http://www.ebay.com/itm/10-Ports-Splitter-USB-HUB-2-0-High-Speed-AC-Power-Adapter-for-Laptop-PC-Blue-/330907999621?pt=US_USB_Cables_Hubs_Adapters&hash=item4d0ba75d85
http://www.ebay.com/itm/USB-2-0-10-Port-Hub-/151067077793?pt=US_USB_Cables_Hubs_Adapters&hash=item232c4caca1

Do I need one with a power adapter if I want to plug 5+ in one hub?
elasticband
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June 25, 2013, 12:11:44 AM
 #1018

I have a few anker powered usb hubs for sale..m see mu sig for sales thread. These rp at around 55e I can do them for .5bt they are tried and tested to do 10 erupters
Luke-Jr
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July 05, 2013, 04:03:09 AM
 #1019

Here are instructions on how to brand your Block Erupters

Ira H. Fuchs
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July 08, 2013, 02:34:01 AM
 #1020

My loyal USA customers:

If you've been satisfied with my service thus far and want it to continue, I encourage you to contact ASICMiner and provide them with honest feedback about my business practices so they can make an informed decision regarding a re-seller partnership. It would take you 60 seconds to do just one of the following:

  • PM friedcat - tell him how your experience with me has been and your honest opinion about me becoming an exclusive US re-seller
  • Email ASICMiner (asicminer.usb AT gmail.com) and tell them how your experience with me has been and your honest opinion about me becoming an exclusive US re-seller

Please see my OP ... TL:DR - I would love to continue serving you all, but only as an exclusive US re-seller with standard privileges and protections.



good evening, These devices are classified as being part of our open source project. Do you have any way of contacting the outfit that is producing this hardware under the bitcoin logo? This for profit use has never been authorized by the foundation and goes against our mission statement...Ira

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