[Announcement] Block Erupter USB

[arklan]

How do I buy?

depends where ya live. there are group buys for europe and for the US/canada being formed.

europe: https://bitcointalk.org/index.php?topic=195037.0
US/Canada: https://bitcointalk.org/index.php?topic=195052

disclosure: there's other US based ones, but i'm organising this one, so obviously it's the one i'm pimping. heh. the others are in the custom hardware subforum as well.

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[seleme]

anyone who buy it has lost his mind if he is not loaded with money and just want to have one in collection

 ... or choosing to reinvest mined Bitcoins in hardware to generate more Bitcoins while supporting the network.

reinvest what with 300mh Mr Altruism?

Yeah, I'm dying to support a network and earn money to company which "owns" 50% of network, can't wait to do it..

Only network I'm going to support is one inside my home as long as all that the biggest fishes in the network have on their mind is how to take last cent from as many members of the network they could. And that is exactly what AM is doing, they don't give a flying one for a network as long as it can live so they can squeeze most $ out of it.

[muyuu]

Suddenly the Avalons look like a steal even at 100 BTC.

[Noitev]

anyone who buy it has lost his mind if he is not loaded with money and just want to have one in collection

 ... or choosing to reinvest mined Bitcoins in hardware to generate more Bitcoins while supporting the network.

reinvest what with 300mh Mr Altruism?

Yeah, I'm dying to support a network and earn money to company which "owns" 50% of network, can't wait to do it..

I agree that the fact that they have 200 th coming in the near future is extremely disconcerting and that asicminer should basically just become an asic miner seller. As it stands, it seems like they basically have a network monopoly right now and are only choosing to keep hardware offline because having it online would cause a huge dip in BTC price. The fact still remains that they have too big a portion.

[seleme]

anyone who buy it has lost his mind if he is not loaded with money and just want to have one in collection

 ... or choosing to reinvest mined Bitcoins in hardware to generate more Bitcoins while supporting the network.

reinvest what with 300mh Mr Altruism?

Yeah, I'm dying to support a network and earn money to company which "owns" 50% of network, can't wait to do it..

I agree that the fact that they have 200 th coming in the near future is extremely disconcerting and that asicminer should basically just become an asic miner seller. As it stands, it seems like they basically have a network monopoly right now and are only choosing to keep hardware offline because having it online would cause a huge dip in BTC price. The fact still remains that they have too big a portion.

I don't mind that, they were first, they did a job, they make a killing, good for them... just spare me of altruistic moments and excuses, please, I'm not a kid for some time now. They are using their advances position and network of their shareholders to pump and sell their stuff at ultra inflated prices and there is zero altruistic stuff in it. It's money, money, money baby, nothing else at all.

[Xian01]

reinvest what with 300mh Mr Altruism?

 Easy there cowboy. Actually, with the 10 I've just committed to purchasing, that will add 3GH/s to my existing farm at a negligible hit to my monthly electrical costs.

 I've been mining for a couple years and am sitting on a pile of Bitcoins to spend. What do you care what I spend them on ?

[seleme]

reinvest what with 300mh Mr Altruism?

 Easy there cowboy. Actually, with the 10 I've just committed to purchasing, that will add 3GH/s to my existing farm at a negligible hit to my monthly electrical costs.

 I've been mining for a couple years and am sitting on a pile of Bitcoins to spend. What do you care what I spend them on ?

You can't even imagine how less I care. That doesn't stop me to think that you've lost your mind and definitely doesn't make me think that you bought it to support a network, lol

[Xian01]

That doesn't stop me to think that you've lost your mind and definitely doesn't make me think that you bought it to support a network

You can't even imagine how less I care.

[CanaryInTheMine]

How do I buy?

If you are in USA, I have a group buy here: https://bitcointalk.org/index.php?topic=195647.0

[seleme]

That doesn't stop me to think that you've lost your mind and definitely doesn't make me think that you bought it to support a network

You can't even imagine how less I care.

I know you don't, if you cared you wouldn't try to sell me those altruistic ideas 

[CanaryInTheMine]

Reserved for extension of contents.

The USB stick miner is going to bring BitCoin to the masses, beyond the geeks and hardcore or occasional miners.  This will make it mainstream.

Make this THE toy to buy for Christmas!!!

Congrats on making history!

How good Christmas  present it would be if you stick it t the back of your pc and and let it mine? Where is the fun in that? Are you going to stare at it all day long and wait for blue led blinks?

At the end of the day it is a tool to mine and it always will be. It cant be used for anything else. It will only make to mainstream if its priced right ($40-$50) a pop. How many people from outside bitcoin community will be willing to pay over $200 for it? Well not many as I have already spoken to people about it and reaction is almost the same.. to expensive.

I think you missed the big picture and the importance of this technical milestone.
By Christmas I expect USB stick miners to be super cheap!  I also see them functioning as a Flash drive also.  You can combine both functionalities into 1.
When we give our nick-nacks to customers, I'd love to give out a flash drive with our marketing material AND a bitcoin miner. get this out to the masses, beyond techies and geeks.

[CanaryInTheMine]

Reserved for extension of contents.

The USB stick miner is going to bring BitCoin to the masses, beyond the geeks and hardcore or occasional miners.  This will make it mainstream.

Make this THE toy to buy for Christmas!!!

Congrats on making history!

How good Christmas  present it would be if you stick it t the back of your pc and and let it mine? Where is the fun in that? Are you going to stare at it all day long and wait for blue led blinks?

At the end of the day it is a tool to mine and it always will be. It cant be used for anything else. It will only make to mainstream if its priced right ($40-$50) a pop. How many people from outside bitcoin community will be willing to pay over $200 for it? Well not many as I have already spoken to people about it and reaction is almost the same.. to expensive.

Wait a year and they will go for $40 ;-)

hopefully even lower than $40 for 300 MH/s

[CanaryInTheMine]

If anyone in the US is planning to do a group order, throw me a message. Have some investors who want to pick up a few of these for our farm (I run the farm, they pay for hardware and pull dividends, like a ghetto ASIC Miner ).

PM sent

[dan99]

Avalon Asic Chips are about $7 to $8 a piece with 282mh/s and you make a USB/pcb and they you go, a usb mining chip.. need to find out
the costs to make this pcb to add in a chip, maybe in due time..

[CanaryInTheMine]

more erupter blades would be nice instead of a huge amount of USB Sticks.

Rest assured, they will make more blades and bring them online.
They will order the next batch of chips, sell some on a USB stick which will pay for the remaining chips to be made into blades and then they will bring the blades online.
Oh, and they may auction of a few dozen blades to cover some other costs...
Brilliant on their part from a business stand point!

[Noitev]

Avalon Asic Chips are about $7 to $8 a piece with 282mh/s and you make a USB/pcb and they you go, a usb mining chip.. need to find out
the costs to make this pcb to add in a chip, maybe in due time..

https://bitcointalk.org/index.php?topic=196281.0

[bitblazing]

Friedcat,

I just replied.

[CanaryInTheMine]

Avalon Asic Chips are about $7 to $8 a piece with 282mh/s and you make a USB/pcb and they you go, a usb mining chip.. need to find out
the costs to make this pcb to add in a chip, maybe in due time..

https://bitcointalk.org/index.php?topic=196281.0

following it closely!

[Socket54]

Wondering after the network difficulty has quadrupled in 3-4 months how much these will be going for on ebay?

Think they'll muster 50 bucks?

[noedaRDH]

After crunching some numbers, these Erupter sticks are still vastly overpriced.

Let's suppose we order an Avalon B3 @ the listed price of 73BTC's. Let's assume that it gets an average of 60GH/S (60,000MH/S). For one Avalon it would cost about $8,000 USD.

To get 60GH/s out of these mining sticks (300MH/s each), you'd need 200 of these sticks.

If each stick costs $240 USD (assume that 1BTC = $120 USD), you're looking at a price tag of $48,000 USD to have the same hashing power as Avalon.

That's way too expensive. You have to spend 6x the price of an Avalon to get the same hashing power.

If each stick was 1/6 of its current price of 2BTC ($40 USD instead of $240 USD), then the price would be much more competitive.

Should to price come down to near $40 USD/stick, and should these sticks be produced in massive quantity within a reasonable timeframe, I could forsee these sticks being competitive against Avalon.

In fact, if the price per stick was lowered, investing in a bunch of stick miners would be advantageous for someone who is not looking to invest anywhere near Avalon's asking price. Instead of spending 8k, why not test the waters and spend $1,000 to get 6GH?

Avalon doesn't offer this option to scale things down according to one's budget. I believe these sticks would fill the gap for many people out there who don't want to sit for months on an ASIC preorder and don't want to deal with GPU mining at this point. They just need to bring the price down.