[Announcement] Block Erupter USB

[elasticband]

Thats actually only 58units... now running 76  

It would be cool if you didn't have to buy your BFL single last year and probably not even receive it yet, lets say BTC was worth $7 each when people paid, so 1299$ was lets say 185BTC...... do you think they will ever mine that back with their BFL single?

[mdude77]

That's setup in the photo will probably cost you well over $14,000 and has a total lower net hash than a BFL little single $1,299.

A bird in the hand is worth two in the bush.

M

[erk]

That's setup in the photo will probably cost you well over $14,000 and has a total lower net hash than a BFL little single $1,299.

A bird in the hand is worth two in the bush.

M

Your BTC is the bird in the hand, the USB sticks are the birds in the bush.

[CanaryInTheMine]

This shows again how skilled the guys at Asicminer are.

It's very well priced so it isn't unfair for the buyers OR the shareholder (maximising earnings).

The min. order amount makes it uncomplicated for AM and opens a nice retailer market with good competition.

i'm sorry, it is overpriced, at least i think it is.
2BTCs is alots of money, i will like to buy this,i have 2HD7950 XFX,i would loveto replace one of m 7950 with 2, 3 of those blocks erupters, but is way too overpriced.

i get it u need to pay the investiment, oh wait,  wait didn't u guys have used kickstarter? to laucher this project? so YOU didn't actually loose any moner, or support with your money at all, so why so overpriced?
and how can some one with single PC buy 200-300 bulk orders?
even 10 in a bulk order is so much,i will have to sell one of my lung for that.
Please sell it in single pieces, i would love to buy, if i could sell, or i can even trade my XFX R7950 3GB GDDR5 (new card, almost two months now!) for this

buy it here: https://bitcointalk.org/index.php?topic=231673.0

[markyminer]

That's setup in the photo will probably cost you well over $14,000 and has a total lower net hash than a BFL little single $1,299.

A bird in the hand is worth two in the bush.

M

Your BTC is the bird in the hand, the USB sticks are the birds in the bush.

Ouch when difficulty just hit 19 million. The block eruptor is now making just $0.75 a day (0.0078btc) at current prices. Forecast 1 year from today now is to just make $90 profit in total if the price remains around $100/btc.  This means in 12 months from today this usb stick will not even have mined 1 btc, despite costing 2btc+, with difficulty rises of 30% a month or more.

These are turning into a far worse deal quicker than i imagined!

M

[alibert]

As long as the difficulty is lower than 800 million (assuming a btc/USD price of 100$), those devices make profit.

[Anenome5]

As long as the difficulty is lower than 800 million (assuming a btc/USD price of 100$), those devices make profit.

With a break-even of what, 800 years?

[frankenmint]

As long as the difficulty is lower than 800 million (assuming a btc/USD price of 100$), those devices make profit.

With a break-even of what, 800 years?

exactly - these devices are probably only good for mining alt coins by this point. SHA256 alt coins particularly.

[Rampion]

As long as the difficulty is lower than 800 million (assuming a btc/USD price of 100$), those devices make profit.

With a break-even of what, 800 years?

exactly - these devices are probably only good for mining alt coins by this point. SHA256 alt coins particularly only.

Corrected that for you.

[-ck]

As long as the difficulty is lower than 800 million (assuming a btc/USD price of 100$), those devices make profit.

With a break-even of what, 800 years?

exactly - these devices are probably only not  good for mining alt coins anything at by this point. SHA256 alt coins particularly only.

Corrected that for you.

Corrected it further.

[Rampion]

As long as the difficulty is lower than 800 million (assuming a btc/USD price of 100$), those devices make profit.

With a break-even of what, 800 years?

exactly - these devices are probably only not  good for mining alt coins anything at by this point. SHA256 alt coins particularly only.

Corrected that for you.

Corrected it further.

You are correct, I beg you pardon.

That's the harsh reality.

BTW, are you really in contact with KnC miner for the development of cgminer for Jupiter and Saturn? Can you update us on the timeline if it's true? And sorry for the off-topic.

[Lohoris]

That's setup in the photo will probably cost you well over $14,000 and has a total lower net hash than a BFL little single $1,299.

Actually BFL hashpower is exactly ZERO until they ship, which likely will never happen for most units.

[-ck]

As long as the difficulty is lower than 800 million (assuming a btc/USD price of 100$), those devices make profit.

With a break-even of what, 800 years?

exactly - these devices are probably only not  good for mining alt coins anything at by this point. SHA256 alt coins particularly only.

Corrected that for you.

Corrected it further.

You are correct, I beg you pardon.

That's the harsh reality.

BTW, are you really in contact with KnC miner for the development of cgminer for Jupiter and Saturn? Can you update us on the timeline if it's true? And sorry for the off-topic.

Yes they contacted us. No I don't know what stage they're up to.

[Lethn]

When are you going to ship single products? I'd be very interested in getting some because this looks great for someone casual, ordering 300 isn't very realistic for someone like me and I want to actually own the product rather than share it.

[markyminer]

As long as the difficulty is lower than 800 million (assuming a btc/USD price of 100$), those devices make profit.

"The greatest shortcoming of the human race is our inability to understand the exponential function"

You do realise that 800 million difficulty is less than six doublings from 19,339,258 right?

And with difficulty growth @ 33% a month (or more!) difficulty is doubling pretty much every three months.

I will let you work out the maths of how many months six doublings will take  

M

[elasticband]

When are you going to ship single products? I'd be very interested in getting some because this looks great for someone casual, ordering 300 isn't very realistic for someone like me and I want to actually own the product rather than share it.

why not look for someone selling singles? pretty sure my signature can help you out

[alibert]

As long as the difficulty is lower than 800 million (assuming a btc/USD price of 100$), those devices make profit.

"The greatest shortcoming of the human race is our inability to understand the exponential function"

You do realise that 800 million difficulty is less than six doublings from 19,339,258 right?

And with difficulty growth @ 33% a month (or more!) difficulty is doubling pretty much every three months.

I will let you work out the maths of how many months six doublings will take  

M

Sure, but you are asuming the increase will be 33% every month? How would it. The ROI nearly all devices would be negative, so who would buy them?

[markyminer]

As long as the difficulty is lower than 800 million (assuming a btc/USD price of 100$), those devices make profit.

"The greatest shortcoming of the human race is our inability to understand the exponential function"

You do realise that 800 million difficulty is less than six doublings from 19,339,258 right?

And with difficulty growth @ 33% a month (or more!) difficulty is doubling pretty much every three months.

I will let you work out the maths of how many months six doublings will take  

M

Sure, but you are asuming the increase will be 33% every month? How would it. The ROI nearly all devices would be negative, so who would buy them?

The ASIC's received earliest with the low energy use per G/H will keep going, all Avalons and ASICminers will stop.

This will only leave BFL customers who got miners now and in the next 2-3 months going, unless someone launches something lower power per G/H.

Then people will pile into that too.

Eventually unless the surviving ASIC manufacturers limit supply onto the market to match hashrate (thus controlling difficultly increases) then it will all go pop.

And the reason is humans are dumb and gready and don't understand the exponential function. This same scenario has happened in every market ever traded.

And BTC rise in $$$ won't stop it. Hashrate will keep rising to eat up the $$$ until the bubble pops.

We have less than two years until this happens. And it will happen. Anyone buying anything other than BFL currently is nuts.

M

[alibert]

Lol, funny read. BFL isn't shipping. Buying them is nuts. So far only ASICminer seems to have shipped ASICs on mass.

[seleme]

So far only ASICminer seems to have shipped ASICs on mass.

So what, if you can't make a profit with them?

Shares go up, that's what is important mate, screw the ROI