mmitech (OP)
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things you own end up owning you
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June 01, 2013, 05:55:44 PM |
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ASICminer is one of the few who delivered something that actually is in stock (not a Pr-order) and works right away out of the box, but I think that these ASICs in general are way over priced, regardless how much money you will make the first month (on This deff.factor, and BTC price), because when I invest my money I look at the long-term aspect.
A blockErupter @ 10 GH/s for 60+ BTC is really over priced this is ~ 7500 $ , my suggestion is a max of 20 BTC . The USB miner @ 300MH/s for 2.5 BTC as well is really over priced ~ 315 $, my suggestion is a max of 0.8 BTC .
Avalon had 3 batches with total a of 1500 Unit, allowing customers to buy a max of 3 units for each customer, but I know people who ordered 3 units on all 3 batches, so do the math and I am sorry to tell you, you cant join the AVALON club
BFL, well what can I say about BFL, if they just really had something to deliver on time , they really have a reasonable price.
why I stopped caring about ASICs and mining BTC in general is for this exact reason, as a small miner and a father of 4 kids, there is no way that I can afford to buy these ASICs, I know that these chips are the future of BTC mining and it is really a good thing for the network security, but the fact that there is a VIP club or let me put it in other words, a club of people with a bag of money investing in these ASICs, which means that few people controlling a big part of the network, just because these prices doesn't allow all of us to participate and get the chance to be a part of it.
these company’s are making a huge profit out of you guys. the first batch of blockErupter went for around 19xx BTC this is more than 240,000 $ for 50 blocks( 500 GH/s)
Just think about it
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KS
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June 01, 2013, 06:04:18 PM |
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@mmitech: You're absolutely right.
The current ASIC prices are based on what you would earn right now with one of them. Prices will come down as the revenues decrease.
The best strategy for you is to keep on mining until your equipment is not costing you money, then upgrade to whatever will be available within your budget in, say, 6-8 months (wait out the ASIC gold rush).
When everyone and their ponies will have ASICs, prices will be democratic again. There will be pro miners with big mining farms too, but that's no different from now.
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k9quaint
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June 01, 2013, 06:15:34 PM |
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ASICminer is one of the few who delivered something that actually is in stock (not a Pr-order) and works right away out of the box, but I think that these ASICs in general are way over priced, regardless how much money you will make the first month (on This deff.factor, and BTC price), because when I invest my money I look at the long-term aspect.
A blockErupter @ 10 GH/s for 60+ BTC is really over priced this is ~ 7500 $ , my suggestion is a max of 20 BTC . The USB miner @ 300MH/s for 2.5 BTC as well is really over priced ~ 315 $, my suggestion is a max of 0.8 BTC .
Avalon had 3 batches with total a of 1500 Unit, allowing customers to buy a max of 3 units for each customer, but I know people who ordered 3 units on all 3 batches, so do the math and I am sorry to tell you, you cant join the AVALON club
BFL, well what can I say about BFL, if they just really had something to deliver on time , they really have a reasonable price.
why I stopped caring about ASICs and mining BTC in general is for this exact reason, as a small miner and a father of 4 kids, there is no way that I can afford to buy these ASICs, I know that these chips are the future of BTC mining and it is really a good thing for the network security, but the fact that there is a VIP club or let me put it in other words, a club of people with a bag of money investing in these ASICs, which means that few people controlling a big part of the network, just because these prices doesn't allow all of us to participate and get the chance to be a part of it.
these company’s are making a huge profit out of you guys. the first batch of blockErupter went for around 19xx BTC this is more than 240,000 $ for 50 blocks( 500 GH/s)
Just think about it
ASICMiner and Avalon are choosing to charge whatever the market will bear. BFL is not able to deliver in enough volume to affect the price of mining equipment.
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VJain
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June 01, 2013, 06:22:50 PM |
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A few disorganized thoughts regarding this...
- A few people who bought in the first batch were buying for novelty more than looking for a ROI. - Increasing distribution of the network hashing increases the overall security of the network... increasing the value of bitcoin. If you have a large stake in bitcoin, even a 2% increase in it's value could cause your initial investment to pay itself off. - Increasing the distribution of the network also helps prevent bitcoin from being "compromised" (I won't go into this - 51% attacks, blah blah blah), helping it from crashing and burning - helping prevent a 100% crash in price.
My 2¢.
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Making Apps and Websites for people. I charge reasonable rates ($30-40/hour in BTC).
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dogie
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dogiecoin.com
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June 01, 2013, 06:24:41 PM |
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What are you shitting. An erupter blade is 13 GH for 50btc delivered globally within 3 days. ROI is 120-180 days depending on when you bought.
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btceic
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June 01, 2013, 06:24:47 PM |
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ASICminer is one of the few who delivered something that actually is in stock (not a Pr-order) and works right away out of the box, but I think that these ASICs in general are way over priced, regardless how much money you will make the first month (on This deff.factor, and BTC price), because when I invest my money I look at the long-term aspect.
A blockErupter @ 10 GH/s for 60+ BTC is really over priced this is ~ 7500 $ , my suggestion is a max of 20 BTC . The USB miner @ 300MH/s for 2.5 BTC as well is really over priced ~ 315 $, my suggestion is a max of 0.8 BTC .
Avalon had 3 batches with total a of 1500 Unit, allowing customers to buy a max of 3 units for each customer, but I know people who ordered 3 units on all 3 batches, so do the math and I am sorry to tell you, you cant join the AVALON club
BFL, well what can I say about BFL, if they just really had something to deliver on time , they really have a reasonable price.
why I stopped caring about ASICs and mining BTC in general is for this exact reason, as a small miner and a father of 4 kids, there is no way that I can afford to buy these ASICs, I know that these chips are the future of BTC mining and it is really a good thing for the network security, but the fact that there is a VIP club or let me put it in other words, a club of people with a bag of money investing in these ASICs, which means that few people controlling a big part of the network, just because these prices doesn't allow all of us to participate and get the chance to be a part of it.
these company’s are making a huge profit out of you guys. the first batch of blockErupter went for around 19xx BTC this is more than 240,000 $ for 50 blocks( 500 GH/s)
Just think about it
100% agree, and am in a similar situation as you, twins rather than 4 kids but still all the same. Bottom line is neither of us have the resources to buy now (most of my funds are tied up in stocks etc) so we will have to just wait it out till prices become reasonable for people like us to get in the game. What you can do right now though is invest in some of the asic miner's that have dividends. I can personally vouch for the TAT.ASICMINER shares, bought 10 about 2-3 weeks ago, sold them for a profit, thinking I was going to be able to get one of the USB miners for .5 BTC but alas they came out at 1.99, too expensive for the ROI and Hash Rate.
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btceic
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June 01, 2013, 06:27:57 PM |
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What are you shitting. An erupter blade is 13 GH for 50btc delivered globally within 3 days. ROI is 120-180 days depending on when you bought.
True but not all of us have $7000-$9000 laying around to be invested in a bleeding edge might be technology.
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mmitech (OP)
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things you own end up owning you
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June 01, 2013, 06:33:31 PM |
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What are you shitting. An erupter blade is 13 GH for 50btc delivered globally within 3 days. ROI is 120-180 days depending on when you bought.
first batch went for at least 75 BTC https://bitcointalk.org/index.php?topic=178275.0second batch went for at least 50 BTC https://bitcointalk.org/index.php?topic=189248.0third batch was price fixed @ 50 BTC so you could order all blades right away , some did start with 10 blades order they sold out when I knew about the batch. https://bitcointalk.org/index.php?topic=201753.0and with all do respect, we are just discussing a subject here, there is no need to get angry and aggressive. keep it nice and smooth .
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dogie
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dogiecoin.com
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June 01, 2013, 06:34:31 PM |
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What are you shitting. An erupter blade is 13 GH for 50btc delivered globally within 3 days. ROI is 120-180 days depending on when you bought.
True but not all of us have $7000-$9000 laying around to be invested in a bleeding edge might be technology. Then bitcoin is not your game. Speculate to accumulate, spectate to procrastinate.
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dogie
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dogiecoin.com
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June 01, 2013, 06:35:25 PM |
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Angry and aggressive? You were just plain wrong while qq'ing about a topic no one cares about.
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k9quaint
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June 01, 2013, 06:35:45 PM |
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What are you shitting. An erupter blade is 13 GH for 50btc delivered globally within 3 days. ROI is 120-180 days depending on when you bought.
That is a good return, but compare the price to the Avalon units and 50BTC for 12GH/s is fairly pricey. On the other hand, the erupter blades are actually available. The erupter blades will make money, but not everyone has $8K to drop on a single piece of hashing equipment.
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mmitech (OP)
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things you own end up owning you
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June 01, 2013, 06:37:08 PM |
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Angry and aggressive? You were just plain wrong while qq'ing about a topic no one cares about. I see that you do care, am I wrong ? otherwise you wouldn't waste your time reading and replying to such a thing .
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btceic
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June 01, 2013, 06:42:13 PM Last edit: June 01, 2013, 06:59:45 PM by btceic |
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What are you shitting. An erupter blade is 13 GH for 50btc delivered globally within 3 days. ROI is 120-180 days depending on when you bought.
True but not all of us have $7000-$9000 laying around to be invested in a bleeding edge might be technology. Then bitcoin is not your game. Speculate to accumulate, spectate to procrastinate. Well too bad then, because I am making it my game, with the little that I have, I will make something out of it. For all of the people out there that don't have $9000.00 to drop on a single piece of hardware, don't be discouraged by folks like the above. Do what you can, build upon what you have, this is not a race, it's a marathon, just because you don't get your shiny new toy today does not mean that it wont make a difference in the future. Keep saving everyday, sell stuff, do jobs on the side and you will get to where you want to be. Edit: spelling
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Bitcoinorama
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June 01, 2013, 06:48:27 PM |
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An ASIC chip costs between $0.50 and $2 to manufacture dependant on volume and mask intricacy.
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Make my day! Say thanks if you found me helpful BTC Address ---> 1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp
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pikeadz
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June 01, 2013, 06:54:51 PM |
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I really don't understand the complaint. I can't afford a Ferrari or a Lamborghini, but I don't whine about it on a public message board.
If your concern was really about securing the network (as opposed to profit), you would just buy some ASIC Miner shares at an amount you could afford, or even some of the escrowed group buys that people on the forum have been advertising. Then your money is going toward increased hashing. I suspect you just want to make a ton of money though, and are bitter that you can't afford to buy an ASIC of your own. Am I right?
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Xian01
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Christian Antkow
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June 01, 2013, 06:56:01 PM |
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True but not all of us have $7000-$9000 laying around to be invested in a bleeding edge might be technology.
I might recommend picking up some ASICMINER-PT shares if you are thinking of getting into Bitcoin and don't want to invest in mining hardware. Disclosure: ASICMiner-PT & TAT.ASICMiner shareholder and USB Block Erupter miner.
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seleme
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Duelbits.com
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June 01, 2013, 06:59:14 PM |
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It's AsicMiner you are talking about. Don't you dare to think you won't get angry answers if you don't say it's beautiful feeling to pay something that would make loads of money to AM and eventually make ROI for you
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mmitech (OP)
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things you own end up owning you
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June 01, 2013, 07:08:41 PM |
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I really don't understand the complaint. I can't afford a Ferrari or a Lamborghini, but I don't whine about it on a public message board.
If your concern was really about securing the network (as opposed to profit), you would just buy some ASIC Miner shares at an amount you could afford, or even some of the escrowed group buys that people on the forum have been advertising. Then your money is going toward increased hashing. I suspect you just want to make a ton of money though, and are bitter that you can't afford to buy an ASIC of your own. Am I right?
I cant afford a Ferrari as well, but I have allot of alternatives which suite my budget, and yes I do not care only about the network security I would like to mine Bitcoin and use the side profit to support my family, this is nothing wrong, am I right ? and I do not have the 9000 $ to join your club, and even if I had I wouldn't pay that much because I think long term, these asics could be at reasonable price so all of us could buy one, and companys would still make a load of money. you are just missing the point here. these ASICs are not worth all that money, with these prices you are limiting the customers to a small group of people.
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btceic
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June 01, 2013, 07:11:23 PM |
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I really don't understand the complaint. I can't afford a Ferrari or a Lamborghini, but I don't whine about it on a public message board.
If your concern was really about securing the network (as opposed to profit), you would just buy some ASIC Miner shares at an amount you could afford, or even some of the escrowed group buys that people on the forum have been advertising. Then your money is going toward increased hashing. I suspect you just want to make a ton of money though, and are bitter that you can't afford to buy an ASIC of your own. Am I right?
I cant afford a Ferrari as well, but I have allot of alternatives which suite my budget, and yes I do not care only about the network security I would like to mine Bitcoin and use the side profit to support my family, this is nothing wrong, am I right ? and I do not have the 9000 $ to join your club, and even if I had I wouldn't pay that much because I think long term, these asics could be at reasonable price so all of us could buy one, and companys would still make a load of money. you are just missing the point here. these ASICs are not worth all that money, with these prices you are limiting the customers to a small group of people. These guys are throwing around these numbers probably because they have been mining for a while and where able to mine bitcoins before they where $100.00+ a piece.
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mmitech (OP)
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Activity: 1148
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things you own end up owning you
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June 01, 2013, 07:14:18 PM |
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I really don't understand the complaint. I can't afford a Ferrari or a Lamborghini, but I don't whine about it on a public message board.
If your concern was really about securing the network (as opposed to profit), you would just buy some ASIC Miner shares at an amount you could afford, or even some of the escrowed group buys that people on the forum have been advertising. Then your money is going toward increased hashing. I suspect you just want to make a ton of money though, and are bitter that you can't afford to buy an ASIC of your own. Am I right?
I cant afford a Ferrari as well, but I have allot of alternatives which suite my budget, and yes I do not care only about the network security I would like to mine Bitcoin and use the side profit to support my family, this is nothing wrong, am I right ? and I do not have the 9000 $ to join your club, and even if I had I wouldn't pay that much because I think long term, these asics could be at reasonable price so all of us could buy one, and companys would still make a load of money. you are just missing the point here. these ASICs are not worth all that money, with these prices you are limiting the customers to a small group of people. These guys are throwing around these numbers probably because they have been mining for a while and where able to mine bitcoins before they where $100.00+ a piece. regardless when they did start mining, they are just ignoring my point here !
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