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Author Topic: [Announcement] Block Erupter USB  (Read 245581 times)
Anenome5
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May 04, 2013, 06:30:12 PM
 #81

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)
I guess if you can't get your hands on an ASIC then this (FPGA and this USB miner) would certainly be better than GPU mining right now... But this price is well, well above wholesale. Someone said these lot sizes would be for resale? Don't see how. Wholesale on these devices would be more like $40, retail ~$100. Retail would be at least 60% markup. I see no room at all for markup in these, so these are retail priced for end-users now. Which makes the buy size of 300 a bit odd. Even at $100 you're talking two-months ROI minimum at current price and difficulty.

But here's the crazy part, I bet people will buy these all up even at these prices.

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arklan
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May 04, 2013, 06:33:06 PM
 #82

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)
I guess if you can't get your hands on an ASIC then this (FPGA and this USB miner) would certainly be better than GPU mining right now... But this price is well, well above wholesale. Someone said these lot sizes would be for resale? Don't see how. Wholesale on these devices would be more like $40, retail ~$100. Retail would be at least 60% markup. I see no room at all for markup in these, so these are retail priced for end-users now. Which makes the buy size of 300 a bit odd. Even at $100 you're talking two-months ROI minimum at current price and difficulty.

But here's the crazy part, I bet people will buy these all up even at these prices.

course the wholesale price would depend on cost to manufacture., which we don't know. but yea... wholesale for .5 btc, retail around 1 btc or thereabouts? heck, even wholesale at 1 btc... significant difference.

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May 04, 2013, 06:36:30 PM
 #83

It's also possible that all this added mining difficulty contributes to the price of BTC/USD going up. This would make mining bitcoins specifically more valuable than altcoins, and hashpower more valuable.

Just adding another angle for y'all to chew on...
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May 04, 2013, 06:40:46 PM
 #84

The real value in this device is being able to show your grandchildren, 50 years from now, "This is the gadget that really started the 99% revolution..."
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May 04, 2013, 06:43:23 PM
 #85

At 1BTC a pop I could finally see some use for my active 12port USB hub^^
Anenome5
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May 04, 2013, 06:45:02 PM
 #86

The real value in this device is being able to show your grandchildren, 50 years from now, "This is the gadget that really started the 99% revolution..."
So, novelty value. Meh. I'm not into mining just to say I was into mining. It's a shame they aren't producing a price competitive device.

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May 04, 2013, 06:50:24 PM
 #87

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..  Lips sealed

If its not your price then simply dont buy. I mean thats a company that wants to make money. They arent supposed to give them away for nearly free like avalon is doing it. Where afterwards the buyer put the miner on ebay and make a fortune out of it.
Plus... if you guys dont buy it because of the price... others will buy it. Theres no one forcing anyone to buy. But there are plenty of people that buy avalons for a fortune on ebay or buy fpgas for much money even though its relatively clear that the roi wont come to them.
So its pointless to demand a lower price. No one is crying about apple selling their iphone for much money. One can buy Android instead or dont buy. But to await that apple drops the price? Im not sure why it happens here. Im relatively sure the product will sell. If not the price has to drop. Simple as that...
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May 04, 2013, 06:52:38 PM
 #88

It's also possible that all this added mining difficulty contributes to the price of BTC/USD going up. This would make mining bitcoins specifically more valuable than altcoins, and hashpower more valuable.

Just adding another angle for y'all to chew on...
Here's another: 1.99 is not that expensive if you had mined them. Depending on your rig etc. that's what? A couple of days of electricity?

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May 04, 2013, 07:03:01 PM
 #89

It's also possible that all this added mining difficulty contributes to the price of BTC/USD going up. This would make mining bitcoins specifically more valuable than altcoins, and hashpower more valuable.

Just adding another angle for y'all to chew on...
Here's another: 1.99 is not that expensive if you had mined them. Depending on your rig etc. that's what? A couple of days of electricity?

Except that this seems to be more geared toward n00bs and casual miners. Meaning 2 BTC is a stupid price. Realistically, it should be 25%-50% of that cost to make it worth the cost.

at .5BTC, I'd buy several. At 2btc I'll buy zero...

Block Erupter Overclocking 447 M/Hash, .006 (discounts if done in quantity) https://bitcointalk.org/index.php?topic=300206.msg3218480#msg3218480

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May 04, 2013, 07:05:07 PM
 #90

It's also possible that all this added mining difficulty contributes to the price of BTC/USD going up. This would make mining bitcoins specifically more valuable than altcoins, and hashpower more valuable.

Just adding another angle for y'all to chew on...
Here's another: 1.99 is not that expensive if you had mined them. Depending on your rig etc. that's what? A couple of days of electricity?

Except that this seems to be more geared toward n00bs and casual miners. Meaning 2 BTC is a stupid price. Realistically, it should be 25%-50% of that cost to make it worth the cost.

at .5BTC, I'd buy several. At 2btc I'll buy zero...

at .5 btc i'd buy two now, and use the profits from them (and my other mining) to buy more later, then use the combined profit from, say, a dozen of them over time to buy AM blades. as it stands, it's not financially viable to follow that plan.
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May 04, 2013, 07:12:44 PM
 #91

This isn't about high ROI guys.. that is a moving target anyway.

ROI seekers can build their own from ASIC chips. R&D and production still cost you know!!


Since I am running a ModMiner I would love to add these to my old p4 rig with it.

I'd buy 4 right now ~ can you ship?   Grin




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May 04, 2013, 07:13:55 PM
 #92

These will take 4 months to achieve ROI at current difficulty. I'm all for distributing the network, and this is the future, but any thinking investor is better off just buying BTC right now.
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May 04, 2013, 07:14:17 PM
 #93

I don't have enough USB ports to power 300 of these at once.

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May 04, 2013, 07:14:54 PM
 #94

Except that this seems to be more geared toward n00bs and casual miners. [...]
friedcat says it should be a replacement for GPU hobbyists. Did somebody do the actual math for that? Hash for hash, electricity cost included?

He also mentions this to be a gift to spread the word about BTC. My guess is, this is where the old-timers with mined BTC come in the equation.

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arklan
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May 04, 2013, 07:15:25 PM
 #95

I don't have enough USB ports to power 300 of these at once.

heheheh... that'd be one heck of a set up.
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May 04, 2013, 07:16:19 PM
 #96

This looks awesome, can't wait to get my hands on it! 2BTC might be a bit of a high price, what with the recent shipping of BFL... At a lower price I would be more inclined to actually give these to friends, get them to start mining.

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May 04, 2013, 07:16:54 PM
 #97

It's also possible that all this added mining difficulty contributes to the price of BTC/USD going up.

How many times must this be addressed? Network security aside, price drives difficulty; NOT the other way round. The cost theory of value is false.
muyuu
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May 04, 2013, 07:23:23 PM
 #98

Is this price definitive or can we have a Dutch auction? : Smiley

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May 04, 2013, 07:29:12 PM
 #99

Hmmm interesting! Definitely will keep tabs on this

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arklan
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May 04, 2013, 07:31:59 PM
 #100

Is this price definitive or can we have a Dutch auction? : Smiley

well, i THINK friedcat and co haven't seen the majority of this thread yet, given it's like 3:30 am in shenzen. so, what their response is will, i think, be very telling.
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