How much Avalon batch#2 ASIC is really worth now?

[bitcoinator]

Seems like Bitcoin difficulty grows exponentially. At what price does it make sense to buy used Avalon batch#2 ASIC?

Will I be able to use it for some purpose other than Bitcoin mining, is there any other use for its ability to calculate sha-256 hashes?

[mgio]

It can't do anything but mine bitcoins.

Right now, I'd say a used batch 2 Avalon miner is worth maybe about 120 coins. Plus or minus 20 coins because it's hard to say what is going to happen with difficulty in the near term.

[bitcoinator]

Thanks for your reply... So there is no other application for hashing? Maybe password recovery or something of the kind?

[asically]

You can create an Alt and mine with Asic.

Mary made a bitcoin clone called Bytecoin from an off comment by Satoshi several years ago.

[Trillium]

Any ASIC device should be able to mine any of the SHA-256 based coins. When you tell your mining software to mine a SHA-256 altcoin that is not bitcoin, all you are doing is giving it the different network address and login details of your solo mining software OR those for your pool. The hardware does EXACTLY THE SAME COMPUTATIONS.

https://bitcointalk.org/index.php?topic=134179.0

http://dustcoin.com/mining

http://coinchoose.com/index.php

As evidenced in practice by the guys who clearly are mining with ASICs on the d7 PPC pool...

[polarhei]

Used one? One being mentions 75 coins. If I like to obtain one, I do no pay more than US$1,000 for used one.

[Tamis]

It can't do anything but mine bitcoins.

Right now, I'd say a used batch 2 Avalon miner is worth maybe about 120 coins. Plus or minus 20 coins because it's hard to say what is going to happen with difficulty in the near term.

Hard to say what is going to happen with difficulty ? come on we all know what is happening as I write this !

Total network is on his highest ever as I'm typing : Network total   244.415 Thash/s

Difficulty   21335329
Estimated   24008458 in 801 blks

It is going to skyrocket for sure !

[ProfMac]

As per usual the price of the unit is determined by the following equation.
mining_difficulty * ( 1 + number_of_month_in_lead_time) over a 30 day period on the unit's hashing power. to those interested, here is the form https://docs.google.com/forms/d/1rJJniFiYn0XMPZVKVni86xBvSTylWw0fv1c1zAfuR68/viewform

p.s. here's a picture of our new case.
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Can anyone give an example and plug numbers into this equation and come up with the price of an Avalon?

[dogie]

As per usual the price of the unit is determined by the following equation.
mining_difficulty * ( 1 + number_of_month_in_lead_time) over a 30 day period on the unit's hashing power. to those interested, here is the form https://docs.google.com/forms/d/1rJJniFiYn0XMPZVKVni86xBvSTylWw0fv1c1zAfuR68/viewform

p.s. here's a picture of our new case.
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Can anyone give an example and plug numbers into this equation and come up with the price of an Avalon?

The market moves between expected mining revenue over 80-150 days.