[Announcement] Block Erupter USB

[rxw]

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

What a convincing argument you've made, thanks for your wonderful contribution to this thread

he is right..stop trolling and tell us, why you think that it is good pricing/selling model (300pcs/order) - for end-user device.

Sorry for the late reply... admittedly, I haven't been following the hardware scene for a while, but it seems to me these compete pretty well with GPUs. They're a little more expensive than a GPU that will do 300 MH, but because they draw much less power, you'll be able to run them for much longer than a gpu without worrying about electricity costs (assuming these are pretty reliable)

As for the 300 min order count, I assume that's just so ASICminer can continue focusing on developing chips rather than selling and marketing them. Shouldn't be too hard to get one of these with a group buy- what's the issue?

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[Joshster]

They are awesome, I really want one.

[DPoS]

I like it..  I'll buy 4 no problem.

People forget that the 10Gh boards sold on auctions of 75btc and then ~50btc

so these fall into the middle price of that

Everyone is in envy of the 1st batch Avalon ROI like that is some benchmark for everything else.. that was a first mover price with lots of risk that they avoided

Then you have the people that gave BFL money last June..  so what was their ROI? 11 months of nothing added to whenever they get their miner going.
My little ModMiner might take 6-8 months to get the 8btc I spent on it but that is still quicker than those bets.

so stop with these fictional high ROI's that have no real comparison

[2weiX]

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

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.

DUCH AUCTION FTW

[stenkross]

As a small time miner, these are perfect!
Today I have 3 GPU's making a lot of noise, selling them off and buy a couple of these babies is something I would definitely do!
I can't buy 300 though, but 3-5 would work.

[jspielberg]

So... they are meant to compete with GPUs?

The same GPUs that everyone is saying will be obsolete and will be leaving the mining market for litecoin?

I think the serious miners would rather take the 2 BTC...
1.3Btc on 16 avalon chips...
.1BTC on BKKCoin's PCB
~.6BTC on a fab to assemble
 
and have 4.5 GHs  for the same price (albeit in Sept or Oct).
I venture to say... it would be better to have 4.5Ghs in October than 300Mhs in mid May.

I think this will do well with the well heeled old coin crowd who likes the idea of novelty items.  Call me skeptical but I think that is a small market.

Good luck to AsicMiner though... they have been on a roll lately

[inglian]

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

Why is that?

Oh, but if they are bright blue LEDs, especially if they flash, then that's really cool. Circuit designers had to wait so long for blue LEDs to become cheap that we should be happy to get as many of them as possible, per dollars spent on electronics.

[2weiX]

cant i p2p-pool with this and earn some altcoins as i go?

[LordTheron]

Its great but at 2 btc each its well overpriced. I would  get 10-20 at 1btc or maybe a bit more but at the current price it  feels like not a good deal. I get all the arguments about it being portable, nice looking and drawing less power, but that doesn't  justify the 2btc price in my opinion. I don't think that all the components and that tiny pcb cost more than $30-$40 to put together, its very likely its way below that so again I cant justify 2btc price tag. It would be nice if AM could rethink their pricing. That is just my opinion.

[DPoS]

I think this will do well with the well heeled old coin crowd who likes the idea of novelty items.  Call me skeptical but I think that is a small market.

Good luck to AsicMiner though... they have been on a roll lately

Did you see how much the 10Gh auctions went for?

These will have higher supply, but an easier acceptance threshold so a wider potential of adopters

Let's see how the first group buy goes.  ASICminer isn't trying to be a wholesaler here, they have their shareholders.. so consider this a retail price.

 

[DPoS]

Its great but at 2 btc each its well overpriced. I would  get 10-20 at 1btc or maybe a bit more but at the current price it  feels like not a good deal. I get all the arguments about it being portable, nice looking and drawing less power, but that doesn't  justify the 2btc price in my opinion. I don't think that all the components and that tiny pcb cost more than $30-$40 to put together, its very likely its way below that so again I cant justify 2btc price tag. It would be nice if AM could rethink their pricing. That is just my opinion.

everyone is thinking of themselves as the only buyer.. lol

yes a ton of people would go after these at .5-1btc which would drive the price up right?

My only criticism is that ASICminer should ship small orders directly at this price, not force a big groupbuy.  This is a retail price and should be handled as such.

[noedaRDH]

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.

[DPoS]

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.

[dogie]

I don't see this making sense for consumers, only ASICMiner. I bought my 10-12GH [call it 10] blades at 50.5 [call it 50], and they consume 70-85W [call it 100]. Assume lock in btc @ $100. Great density, low additional costs and IMMEDIATE global shipping.
So my blades were 2MH/$
And were 100MH/W

These USB miners are ~3W, 300MH, 2btc, low density.
1.5MH/$
And 100MH/W

So these USB miners aren't far off the blades in value, however their density isn't great. The shipping time will really effect the profitability, and I'm only expecting these blades to hit ROI after ~250 days. Total realistic ROI of 140% after 2 years.

[Pinwheel]

I don't see this making sense for consumers, only ASICMiner. I bought my 10-12GH [call it 10] blades at 50.5 [call it 50], and they consume 70-85W [call it 100]. Assume lock in btc @ $100. Great density, low additional costs and IMMEDIATE global shipping.
So my blades were 2MH/$
And were 100MH/W

These USB miners are ~3W, 300MH, 2btc, low density.
1.5MH/$
And 100MH/W

So these USB miners aren't far off the blades in value, however their density isn't great. The shipping time will really effect the profitability, and I'm only expecting these blades to hit ROI after ~250 days. Total realistic ROI of 140% after 2 years.

only one thing you forget, minimum buy is 300 and it is 570 btc, at current rate btc @100 usd it is 57000 usd.

Still cost less then GPU farms

[Isokivi]

This batch will be given away to miners, fans and hardware/software developers made the assignments to us long before. It has some issues working with cgminer, but the modular python miner works fine. We will fix this in the first mass production batch (Sapphire). It also exceeds a bit of the USB spec of max current (560mA vs <500mA), but in our experiment most devices (PC, laptop) could power it up.

I would like to suggest that you should consider sending some units to DrHaribo, the pool op of bitminter. He has from time to time partnered with vendors to raffle off goods in "mint races". I myself donated my goods to one such event. He has developed the by far the most easy to use mining software, the bitminter java client. He would undoutably whip up support for the units in said client.

[wknight]

This batch will be given away to miners, fans and hardware/software developers made the assignments to us long before. It has some issues working with cgminer, but the modular python miner works fine. We will fix this in the first mass production batch (Sapphire). It also exceeds a bit of the USB spec of max current (560mA vs <500mA), but in our experiment most devices (PC, laptop) could power it up.

Id like to post this up on http://www.btcmu.info as a little article.

[optimator]

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.

[QuantumQrack]

Poetry:

Stupid Name
Stupid Price
A Gee Whiz Device

A Fool sees it
Says, "I gotta have it.."
He would do better giving the BTC to Pirate.*

*Pirateat40

[DPoS]

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.

Can we get ASICminer to comment on either lowering the bulk 300 price or shipping small orders directly to users?