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Author Topic: Block Erupter USB Sales [Temporarily Out of Stock]  (Read 92632 times)
bobboooiie
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June 24, 2013, 10:46:46 PM
 #241

wait, what? was the OP post just edited today? did the official price just drop by 50%?

Yesterday and yes
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kendog77
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June 24, 2013, 10:52:20 PM
 #242

I will say that pricing block erupter at 1 BTC for 338 MHz is pretty much the final death blow for GPU mining. Unless one wants to mine alt scrypt coins, there is absolutely no reason to purchase a GPU for mining over block erupters.

Ummm...resale of a GPU will always be better than a novelty item with no use in a month, or two, plus there is gaming, cad work, cgi animation, rendering and all those other things graphics cards do.

These USB dongles aren't worth a 0.5BTC price tag...they are practically no cost to make.

I agree that GPUs have other valid uses, and folks will buy them for other purposes and mine on the side, but they are no longer a good mining only buy for anything other than scrypt. You can now get 1 GHs worth of USB miners for $300, and the USB miners also cost far less in electricity to operate. GPUs can't touch that.
Bitcoinorama
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June 24, 2013, 10:55:31 PM
 #243

I will say that pricing block erupter at 1 BTC for 338 MHz is pretty much the final death blow for GPU mining. Unless one wants to mine alt scrypt coins, there is absolutely no reason to purchase a GPU for mining over block erupters.

Ummm...resale of a GPU will always be better than a novelty item with no use in a month, or two, plus there is gaming, cad work, cgi animation, rendering and all those other things graphics cards do.

These USB dongles aren't worth a 0.5BTC price tag...they are practically no cost to make.

I agree that GPUs have other valid uses, and folks will buy them for other purposes and mine on the side, but they are no longer a good mining only buy for anything other than scrypt. You can now get 1 GHs worth of USB miners for $300, and the USB miners also cost far less in electricity to operate. GPUs can't touch that.

Agreed, but in 3 months you'll still be able to sell a GPU, factor that into the profit you'll barely get from the ASICminer USB.  This is soley about them selling their tech at inflated prices and introducing ASICs into the wild en mass, so they can add more proportionately to their oligopoly.

Make my day! Say thanks if you found me helpful Smiley BTC Address --->
1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp
nottm28
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June 24, 2013, 10:59:48 PM
 #244

I will say that pricing block erupter at 1 BTC for 338 MHz is pretty much the final death blow for GPU mining. Unless one wants to mine alt scrypt coins, there is absolutely no reason to purchase a GPU for mining over block erupters.

Ummm...resale of a GPU will always be better than a novelty item with no use in a month, or two, plus there is gaming, cad work, cgi animation, rendering and all those other things graphics cards do.

These USB dongles aren't worth a 0.5BTC price tag...they are practically no cost to make.

I agree that GPUs have other valid uses, and folks will buy them for other purposes and mine on the side, but they are no longer a good mining only buy for anything other than scrypt. You can now get 1 GHs worth of USB miners for $300, and the USB miners also cost far less in electricity to operate. GPUs can't touch that.

Agreed, but in 3 months you'll still be able to sell a GPU, factor that into the profit you'll barely get from the ASICminer USB.  This is soley about them selling their tech at inflated prices and introducing ASICs into the wild en mass, so they can add more proportionately to their oligopoly.

Friedcat would have sold more than he could make if he came in with 3 ubs sticks for 1 BTC - over priced - too late now - missed the boat.

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nubbins
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June 24, 2013, 11:01:25 PM
 #245

Friedcat would have sold more than he could make if he came in with 3 ubs sticks for 1 BTC - over priced - too late now - missed the boat.

If you sell more than you can make, your prices are too low.

No longer buying/selling Casascius coins. Beware scammers.
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kendog77
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June 24, 2013, 11:02:06 PM
 #246

I will say that pricing block erupter at 1 BTC for 338 MHz is pretty much the final death blow for GPU mining. Unless one wants to mine alt scrypt coins, there is absolutely no reason to purchase a GPU for mining over block erupters.

Ummm...resale of a GPU will always be better than a novelty item with no use in a month, or two, plus there is gaming, cad work, cgi animation, rendering and all those other things graphics cards do.

These USB dongles aren't worth a 0.5BTC price tag...they are practically no cost to make.

I agree that GPUs have other valid uses, and folks will buy them for other purposes and mine on the side, but they are no longer a good mining only buy for anything other than scrypt. You can now get 1 GHs worth of USB miners for $300, and the USB miners also cost far less in electricity to operate. GPUs can't touch that.

Agreed, but in 3 months you'll still be able to sell a GPU, factor that into the profit you'll barely get from the ASICminer USB.  This is soley about them selling their tech at inflated prices and introducing ASICs into the wild en mass, so they can add more proportionately to their oligopoly.

Friedcat would have sold more than he could make if he came in with 3 ubs sticks for 1 BTC - over priced - too late now - missed the boat.

Once klondike USB miners hit the market, ASICMiner will have to reduce prices to remain competitive, but until that time they'll still sell a lot of these USB miners at 1 BTC.
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June 24, 2013, 11:02:32 PM
 #247

Friedcat would have sold more than he could make if he came in with 3 ubs sticks for 1 BTC - over priced - too late now - missed the boat.

If you sell more than you can make, your prices are too low.

that also makes you a greedy f**k

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nottm28
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June 24, 2013, 11:04:29 PM
 #248

Friedcat would have sold more than he could make if he came in with 3 ubs sticks for 1 BTC - over priced - too late now - missed the boat.

If you sell more than you can make, your prices are too low.

If you sell too few - you over priced and missed the boat.

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Bitcoinorama
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June 24, 2013, 11:06:34 PM
 #249

Friedcat would have sold more than he could make if he came in with 3 ubs sticks for 1 BTC - over priced - too late now - missed the boat.

If you sell more than you can make, your prices are too low.

If you sell too few - you over priced and missed the boat.

And then you drop the price, and...oh wait, that is what they're doi....

Make my day! Say thanks if you found me helpful Smiley BTC Address --->
1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp
nottm28
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June 24, 2013, 11:08:49 PM
 #250

Friedcat would have sold more than he could make if he came in with 3 ubs sticks for 1 BTC - over priced - too late now - missed the boat.

If you sell more than you can make, your prices are too low.

If you sell too few - you over priced and missed the boat.

And then you drop the price, and...oh wait, that is what they're doi....

Yeah, but customers who already paid 2+ BTC will be pissed (like me) and think twice now - no return sales.

[EDIT] 2 weeks ago...

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nubbins
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June 24, 2013, 11:11:19 PM
 #251

that also makes you a greedy f**k

The bitcoin universe is filled with greedy fucks. You need to realize that this is still money we're talking about, and money attracts greedy fucks.

Having said that, if you were selling widgets, and thousands of people offered you $200 per widget, would you say "naw, that's too much, $25 only"?

If you sell more than you can make, your prices are too low.

If you sell too few - you over priced and missed the boat.

Too true, but I don't think that's the situation we're in right now. Something like 4,000 of the first 10,000 units had been sold as of a week ago?

No longer buying/selling Casascius coins. Beware scammers.
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Rampion
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June 24, 2013, 11:12:10 PM
 #252

Friedcat would have sold more than he could make if he came in with 3 ubs sticks for 1 BTC - over priced - too late now - missed the boat.

If you sell more than you can make, your prices are too low.

If you sell too few - you over priced and missed the boat.

And then you drop the price, and...oh wait, that is what they're doi....

Yeah, but customers who already paid 2+ BTC will be pissed (like me) and think twice now - no return sales.

[EDIT] 2 weeks ago...

Supply and demand dictate the price. They *had* to lower the price because they produce more than they are selling. If they have a decent capacity, in some weeks you will see them at $25ish

nottm28
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June 24, 2013, 11:15:57 PM
 #253

that also makes you a greedy f**k

The bitcoin universe is filled with greedy fucks. You need to realize that this is still money we're talking about, and money attracts greedy fucks.

Having said that, if you were selling widgets, and thousands of people offered you $200 per widget, would you say "naw, that's too much, $25 only"?

If you sell more than you can make, your prices are too low.

If you sell too few - you over priced and missed the boat.

Too true, but I don't think that's the situation we're in right now. Something like 4,000 of the first 10,000 units had been sold as of a week ago?

And friedcat is panicking that the other 6000 wont sell. Nobody thinks 2 BTC was worth it (I didn't but I bought 2 to try it). Nobody thinks 1 BTC is worth it - the current price. Unless he does something (even more) drastic - he'll be left with thousands of unsold units.

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Bitcoinorama
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June 24, 2013, 11:16:09 PM
 #254

Friedcat would have sold more than he could make if he came in with 3 ubs sticks for 1 BTC - over priced - too late now - missed the boat.

If you sell more than you can make, your prices are too low.

If you sell too few - you over priced and missed the boat.

And then you drop the price, and...oh wait, that is what they're doi....

Yeah, but customers who already paid 2+ BTC will be pissed (like me) and think twice now - no return sales.

[EDIT] 2 weeks ago...

Supply and demand dictate the price. They *had* to lower the price because they produce more than they are selling. If they have a decent capacity, in some weeks you will see them at $25ish

And they still won't make a profit!

Make my day! Say thanks if you found me helpful Smiley BTC Address --->
1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp
nottm28
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June 24, 2013, 11:16:31 PM
 #255

Friedcat would have sold more than he could make if he came in with 3 ubs sticks for 1 BTC - over priced - too late now - missed the boat.

If you sell more than you can make, your prices are too low.

If you sell too few - you over priced and missed the boat.

And then you drop the price, and...oh wait, that is what they're doi....

Yeah, but customers who already paid 2+ BTC will be pissed (like me) and think twice now - no return sales.

[EDIT] 2 weeks ago...

Supply and demand dictate the price. They *had* to lower the price because they produce more than they are selling. If they have a decent capacity, in some weeks you will see them at $25ish

And demand has dropped dramatically. Anyone can see that.

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Flying Hellfish
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June 24, 2013, 11:18:06 PM
 #256

Friedcat would have sold more than he could make if he came in with 3 ubs sticks for 1 BTC - over priced - too late now - missed the boat.

If you sell more than you can make, your prices are too low.

If you sell too few - you over priced and missed the boat.

And then you drop the price, and...oh wait, that is what they're doi....

Yeah, but customers who already paid 2+ BTC will be pissed (like me) and think twice now - no return sales.

[EDIT] 2 weeks ago...

Don't worry too much another round of suckers are going to be butt hurt right along with you shortly .

LOL new price ~$300/gh lmfao fucking beautiful.

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Bitoy
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June 24, 2013, 11:18:35 PM
 #257

Friedcat,

Please give a 0.50 btc rebate to those who ordered @ 1.99.  (It would make us feel better  Smiley
Bitcoinorama
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June 24, 2013, 11:18:49 PM
 #258

that also makes you a greedy f**k

The bitcoin universe is filled with greedy fucks. You need to realize that this is still money we're talking about, and money attracts greedy fucks.

Having said that, if you were selling widgets, and thousands of people offered you $200 per widget, would you say "naw, that's too much, $25 only"?

If you sell more than you can make, your prices are too low.

If you sell too few - you over priced and missed the boat.

Too true, but I don't think that's the situation we're in right now. Something like 4,000 of the first 10,000 units had been sold as of a week ago?

And friedcat is panicking that the other 6000 wont sell. Nobody thinks 2 BTC was worth it (I didn't but I bought 2 to try it). Nobody thinks 1 BTC is worth it - the current price. Unless he does something (even more) drastic - he'll be left with thousands of unsold units.

It doesn't matter to him though, his chips have had their NRE long since covered. They are between $0.5 and $2 to make each, the most expensive part is prob the board itself now. His profit at 2BTC is in the order of thousands of percent. He can play this cost cutting game well into sub $10, think about it. Altough by that point he'd start charging for shipping on top.

Make my day! Say thanks if you found me helpful Smiley BTC Address --->
1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp
nottm28
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June 24, 2013, 11:21:32 PM
 #259

Friedcat would have sold more than he could make if he came in with 3 ubs sticks for 1 BTC - over priced - too late now - missed the boat.

If you sell more than you can make, your prices are too low.

If you sell too few - you over priced and missed the boat.

And then you drop the price, and...oh wait, that is what they're doi....

Yeah, but customers who already paid 2+ BTC will be pissed (like me) and think twice now - no return sales.

[EDIT] 2 weeks ago...

Don't worry too much another round of suckers are going to be butt hurt right along with you shortly .

LOL new price ~$300/gh lmfao fucking beautiful.

I quite like them - that's the problem - they could have worked. I knew I was paying ott. I was expecting them to drop big style. To come up with a new plan of 1 BTC for 300 MH/s after the initial buzz wore off is a bad business decision.

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nottm28
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June 24, 2013, 11:22:39 PM
 #260

that also makes you a greedy f**k

The bitcoin universe is filled with greedy fucks. You need to realize that this is still money we're talking about, and money attracts greedy fucks.

Having said that, if you were selling widgets, and thousands of people offered you $200 per widget, would you say "naw, that's too much, $25 only"?

If you sell more than you can make, your prices are too low.

If you sell too few - you over priced and missed the boat.

Too true, but I don't think that's the situation we're in right now. Something like 4,000 of the first 10,000 units had been sold as of a week ago?

And friedcat is panicking that the other 6000 wont sell. Nobody thinks 2 BTC was worth it (I didn't but I bought 2 to try it). Nobody thinks 1 BTC is worth it - the current price. Unless he does something (even more) drastic - he'll be left with thousands of unsold units.

It doesn't matter to him though, his chips have had their NRE long since covered. They are between $0.5 and $2 to make each, the most expensive part is prob the board itself now. His profit at 2BTC is in the order of thousands of percent. He can play this cost cutting game well into sub $10, think about it. Altough by that point he'd start charging for shipping on top.

I suppose you are right - made 1 million - could have made 10 - still made 1 million so fu...

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