Block Erupter USB Sales [Temporarily Out of Stock]

[Bitcoinorama]

I think you need to recheck your sums.

http://www.coindesk.com/exponential-leap-in-bitcoin-hash-rates/

I'm not getting those results and we haven't even remotely had what is around the corner enter the equation.

I quote your page:  "this shows an increase of 1111% YoY"

I quote myself: "if you plug in that difficulty will increase 20X in the next 12 months, it still shows a (tiny) profit after 10 months"

Do you know that a 1111% increase is smaller than a 20X increase?  Your page supports my post, it doesn't disprove it.

Ignore the year on year value, use the quarterly and treat it as conservative, because when any if the potential contenders deliver in the near future it will destroy the current global hashrate. Then there's the cumulative effect of competitors to factor in addition.

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[atariguy]

1) You never calculate the price of BTC when considering ROI.  What if BTC goes to $200, $300, or even higher?  It seems all calculations assume ~$100 price forever and everyone's ultimate conclusion is that you could never make a profit.

With BTC losing 25% of its value just recently, you're being very optimistic.

[phorensic]

1) You never calculate the price of BTC when considering ROI.  What if BTC goes to $200, $300, or even higher?  It seems all calculations assume ~$100 price forever and everyone's ultimate conclusion is that you could never make a profit.

With BTC losing 25% of its value just recently, you're being very optimistic.

When I got in this game BTC was about $5.  Just "recently" it hit $260.  So yes, I am being optimistic.

[phorensic]

According to the http://www.bitcoinx.com/profit/ calculator, a block erupter USB will earn 1 BTC in 3-4 months based on the current levels of difficulty inflation.  Even if you plug in that difficulty will increase 20X in the next 12 months, it still shows a (tiny) profit after 10 months of operation.

This is not great, but it is dramatically outperforming ASICMINER stock, for example.

Why is everyone insisting that it will never show a profit?  Are you assuming difficulty will increase 100X in the next year?  Are you assuming power costs that are much higher than average?

If you want to mine, what else are you going to buy?  Place a BFL order and wait 6 months?  Buy a video card with terrible performance per watt?  I understand some people feel that mining is just a bad idea and buying and holding BTC is smarter, but if you are set on mining it seems to me that these USB are the best currently available option.

I need to quote this again because you are proving my points exactly.  I totally agree with you.  We must have the same decision making process, lol.  Seriously, if you want to mine, what else would you buy?  I actually did place a BFL order, then realized I wouldn't get it until Q2 of 2014!  Got my refund on that.  FPGA is kind of a joke.  And if I bought a 300-600MH/s video card it would cost me more than this ~$100 USB ASIC miner.  What is the next step up on what is actually shipping in the ASIC world?  Isn't it like a $5000-$10000 investment to get anything else?  Sure the MH/s per $ goes up, but not many people have that kind of money to throw around.  That leaves this USB stick as the best low cost investment currently as far as I can tell.  At 2 BTC it definitely made me scratch my head, and after weeks of thinking about it I just couldn't  justify it.  But at 1 BTC or ~$100, it now makes sense.  And I don't care of it goes down to 0.5 BTC or ~$50, I might buy more if it does.

[Rampion]

I think you need to recheck your sums.

http://www.coindesk.com/exponential-leap-in-bitcoin-hash-rates/

I'm not getting those results and we haven't even remotely had what is around the corner enter the equation.

I quote your page:  "this shows an increase of 1111% YoY"

I quote myself: "if you plug in that difficulty will increase 20X in the next 12 months, it still shows a (tiny) profit after 10 months"

Do you know that a 1111% increase is smaller than a 20X increase?  Your page supports my post, it doesn't disprove it.

X20? That's nothing, in the last few months (since March) difficulty already went x5 only because of ASICMiner and the few Avalons hashing in the wild. You really think x20 is a lot? It can easily be x35 or x50 if follows the same exponential trend as per the last 2 difficulty adjustments.

[RoadStress]

According to the http://www.bitcoinx.com/profit/ calculator, a block erupter USB will earn 1 BTC in 3-4 months based on the current levels of difficulty inflation.  Even if you plug in that difficulty will increase 20X in the next 12 months, it still shows a (tiny) profit after 10 months of operation.

This is not great, but it is dramatically outperforming ASICMINER stock, for example.

Why is everyone insisting that it will never show a profit?  Are you assuming difficulty will increase 100X in the next year?  Are you assuming power costs that are much higher than average?

If you want to mine, what else are you going to buy?  Place a BFL order and wait 6 months?  Buy a video card with terrible performance per watt?  I understand some people feel that mining is just a bad idea and buying and holding BTC is smarter, but if you are set on mining it seems to me that these USB are the best currently available option.

I need to quote this again because you are proving my points exactly.  I totally agree with you.  We must have the same decision making process, lol.  Seriously, if you want to mine, what else would you buy?  I actually did place a BFL order, then realized I wouldn't get it until Q2 of 2014!  Got my refund on that.  FPGA is kind of a joke.  And if I bought a 300-600MH/s video card it would cost me more than this ~$100 USB ASIC miner.  What is the next step up on what is actually shipping in the ASIC world?  Isn't it like a $5000-$10000 investment to get anything else?  Sure the MH/s per $ goes up, but not many people have that kind of money to throw around.  That leaves this USB stick as the best low cost investment currently as far as I can tell.  At 2 BTC it definitely made me scratch my head, and after weeks of thinking about it I just couldn't  justify it.  But at 1 BTC or ~$100, it now makes sense.  And I don't care of it goes down to 0.5 BTC or ~$50, I might buy more if it does.

Ok ok! Go ahead and spend all your money on USB sticks!

[CoinHoarder]

Buying block Erupters is my bet against the other ASIC manufacturers. I think a lot of them will suffer more and many delays. A lot of people putting money down on kncminer/terrahash/bfl/et al are going to see delays IMO.

To hedge my investment in block erupters I am going to be reselling them for 125-150% what I bought them for to dumb dumbs on Ebay.

Even if I didn't do that ^, I still feel I'd break even on these in about a year or two. Not bad IMO, this is definitely the best available option right now as far as ASICs. You guys that are too worried about $ per Gh are going to be sad when the delays kick in a la BFL from your <insert new ASIC manufacturer here> order.

[nubbins]

dumb dumbs on Ebay

Collectors on ebay. We call them collectors. 

[alibert]

I sold my first gen USB erupters at eBay for 230-300€. So basicly I got some for free now.

[CoinHoarder]

dumb dumbs on Ebay

Collectors on ebay. We call them collectors.  

That is a much better name for them I suppose... "don't bite the hand that feeds you!"

I sold my first gen USB erupters at eBay for 230-300€. So basicly I got some for free now.

They still seem to be going for about $150-$200

[bitbeast]

will buy one of these and run it for as long as I can until it burns out

- Did you see the table:



and can you see a trend:

[nottm28]

will buy one of these and run it for as long as I can until it burns out

- Did you see the table:

and can you see a trend:

Yeah Asicminer asic are well over priced - but I'm not sure about your downward trend - see this https://bitcointalk.org/index.php?topic=242964.msg2607401#msg2607401

[dentldir]

Looks like a table of 2 things you can actually buy and get next week.

And here is more data for your trend, in approximate order:

$0.0001
$1.00
$10.00
$30.00
$2.00
$25.00
$266.00
$50.00
$166.00
$79.00
$136.00
$94.41

Its a fun ride.

[bitbeast]

but I'm not sure about your downward trend

- You can see it here:

http://bitcoinchain.com/marketdata

(Google Chrome recommended).

[nottm28]

but I'm not sure about your downward trend

- You can see it here:

http://bitcoinchain.com/marketdata

(Google Chrome recommended).

Did you read the link I posted?

https://bitcointalk.org/index.php?topic=242964.msg2607401#msg2607401

[bitbeast]

Did you read the link I posted?

- Yes I did.

[nottm28]

Did you read the link I posted?

- Yes I did.

Then I don't get why you are linking me to a graph showing the max BTC pricing - when the link I posted shows the min BTC price is trending upwards - never mind

[bitbeast]

Then I don't get why you are linking me to a graph

- My link leads to the fresh data.
- Your link is to the graph that outdated.

Don't you understand - today is NOT June 2011?

Rules of the game change quickly.

[nottm28]

Then I don't get why you are linking me to a graph

- My link leads to the fresh data.
- Your link is to the graph that outdated.

Don't you understand - today is NOT June 2011?

Rules of the game change quickly.

That graph shows June 2013 - you are just not bothering to read - since when was the price of BTC 100 USD in June 2011 - dear me

[EDIT] Anyhow - I dont care - believe what you will - carry on

[phorensic]

will buy one of these and run it for as long as I can until it burns out

- Did you see the table:



and can you see a trend:

I can make that chart look like it's going the opposite in a big way, from when I got started mining.

Is everyone in this thread new to Bitcoin in 2013?  It looks so by the post counts.  I've been mining since the middle of 2011 which makes a big influence on my decisions these days.