[Announcement] Block Erupter USB

[gog1]

Not expert in logistics, but wouldn't it be a problem clearing custom if you are to receive 300 units for the buyer?  Anyone has any comments.

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[jerethdaminer]

interesting for hobbyist but a 10 piece minimum is a bit much for only 3g/h still slightly lower price and order req or an ebay store /front end for singles might do it id buy 3 as i like the idea but couldnt manage 10

[SebastianJu]

I think it should be easy to kill the led by yourself. Maybe even make it a service as a retailer. When the buyer wants no led you kill it.

I've killed all led in my reach. From sat receiver over PC to smartphone dock...

  Why is that?

[jdebunt]

would be interested, not at that price point though, fixed at 1.99 can be 250$ today, perhaps 500$+ in a month,....

fix it at a USD or EUR price

[BlackPrapor]

Cool device, but 2btc for auction? I'd imagine the first batch to be around 3-4btc per item.

[muyuu]

would be interested, not at that price point though, fixed at 1.99 can be 250$ today, perhaps 500$+ in a month,....

fix it at a USD or EUR price

Buy the BTC now, and that's the price fixed for you.

[yxt]

I think it should be easy to kill the led by yourself. Maybe even make it a service as a retailer. When the buyer wants no led you kill it.

I've killed all led in my reach. From sat receiver over PC to smartphone dock...

  Why is that?

because I need no fucking bright standby led on each device i have . Just annoys me

but now back OT

[JimiQ84]

Cool device, but 2btc for auction? I'd imagine the first batch to be around 3-4btc per item.

fixed price auction (everyone just pledges how many pieces he will take)

[Socket54]

Awesome product.
Unfortunately, your price point is, to be blunt, retarded.

I was really looking forward to these, but i have got to admit you are right.

At almost the same price give or take a few for a BFL jalapeno, i would rather go there and wait.

[PeZ]

At 1.99 BTC, and a conservative estimate of 20M difficulty over the next year, it will take me 352 days to recoup the 1.99 BTC cost.

Yep...pricing has turned this into a impractical novelty item.

[Melbustus]

...
At 1.99 BTC, and a conservative estimate of 20M difficulty over the next year, it will take me 352 days to recoup the 1.99 BTC cost.

It difficulty averages 40M during that time, it will take two years to recoup your investment.

I love the bitcoin investment community, where a 2yr payback is considered terrible... Most investments are no-brainer good deals if the payback is under 10yrs, without lots of risk.

There's obviously plenty of exchange-rate risk with bitcoin, but who cares since these are fully denominated in btc.

The real risk is that difficulty rises faster than you assume, which I think is a distinct possibility.

[CoinHoarder]

It is getting somewhat disgusting how greedy ASICMINER is.

I hope their 99999 Th farm catches on fire.

Jeez.. was that too harsh? Oh well..  

[furuknap]

It is getting somewhat disgusting how greedy ASICMINER is.

I hope their 99999 Th farm catches on fire.

Jeez.. was that too harsh? Oh well..  

Greed countered with bile. Oh, this is going to be a fun family dinner :-)

.b

[Socket54]

They're a public company. They need the profits to appease their shareholders.

You're probably not going to be making back anything if you do end up buying these USB ASICs. Considering you'll need to connect them to a computer also, whilst powered on 24/7, that's another extra cost to think about. What may sound like a 1 year ROI will eventually turn into negative.

Buy for the novelty, not for the profits.

I bought a miniature bottle of ocean sand for 5 bucks on a recent vacation, and they threw in a colorful hermit shell for free.

Does that count?

[ecliptic]

Hm, wonder how this compares in $/hashrate and BTC/hashrate compared to even avalon batch #3

[Wesly]

i get what the goal is: wholesale to others who will then sale at "retail." that's a perfectly reasonable thing and the 300 minimum order isn't a big deal. avalon's chips are 10,000 chips minimum order, after all. same thing.

now, the 1.99 btc price? that's an entirely different matter. even with immediate delivery vs. waiting months, 300 mhash vs 5 ghash (and whatever power difference) is an obvious choice, and it's not in AM's favor.

It still makes sense when you factor in how much FOGA's been going currently.

assuming you mean FPGA john, then yea, this is true. but that's not longer the compare point, is it? bfl's shipping, slowly, yes, but shipping. thus those are a competing option, just with a waiting list. also there's the huge number of avalon chips which have been sold. supposedly those will be shipping by june, with DIY or other hardware being made by forum members (burnin comes to mind) ready to go quickly after that. FPGA's aren't a relevant comparison anymore.

Yep, FPGA. Take a look at this: https://bitcointalk.org/index.php?topic=187549.0 - FPGA's going like hot cakes now. (I remember seeing a group buy for that - it was filled to 100+ units in a couple of days)

One of the main reasons why FPGA is more valuable is because they are re-programmable and can be used for other purpose after their bitcoin mining useful ends (development board, mine other alt coins) versus ASIC is designed specifically to mine bitcoin and will be trashed after its useful ends, which ironically might be less than 1 year if ASICMiner sells tons of ASIC devices.  Perhaps that's why they are trying to sell them for as much as they can get now, because the more they sell, the less valuable they are.  This is also why graphic cards are better investment.  I recently bought two 7790 cards for $150 each - $30 free game code I sold = $120 each.  They are hashing at almost 300 Mh/s (295) overclocked to 1200 Mhz on default voltage, power draw is 100 Watts.  In 1 month, I earned 1 BTC, which is almost enough to pay for one of the 7790 card.  After one year, I should still be able to sell the cards for at least $70 each, so I have already achieved 100% ROI in 1 month!

[Wesly]

1.99BTC for 300MH/s

I will bang my head on the wall if someone ask: "Why are they selling it when they could mine themselves?"

It actually makes perfect sense: "Why would they brother with the logistic (setup, pay for power/space/maintenance) to mine themselves if they can receive instant 1-2 years worth of bitcoin mining from people who can't do or don't care about math?"  In another words, why would anybody in their right mind turn down collecting 1-2 years worth of salary in advance today?  Especially when you tells them in 1-2 years you will either be out of a job or your salary will be 1% of what you will be earning today for doing the same task (300Mhz ASIC useful ends or difficulty increase 100 times in 1-2 years)?

[Anenome5]

Awesome product.
Unfortunately, your price point is, to be blunt, retarded.

Indeed, these numbers make no sense. ROI after 132 days? And that's at today's diff. I'm having trouble understanding why any of you are excited, but I guess you must be Asicminer shareholders.

[BBQKorv]

Oh, this is maybe the best effort so far to allow new miners to start mining with reasonably cheap and easy hardware.

I might just get few of those to give out to friends and family. Excellent way to spread this cyptocoin "virus" 

[arklan]

Oh, this is maybe the best effort so far to allow new miners to start mining with reasonably cheap and easy hardware.

I might just get few of those to give out to friends and family. Excellent way to spread this cyptocoin "virus" 

i don't know man, i don't generally give out things worth a couple hundred bucks...