Official ASICMINER Hardware Information

[Latrina]

Ouch, does it really grow 25% each 11 days ?

This means that in 6 months time 10 Erupter for a total of 3330Mh/s will become useless, am I right?

That depends on if the diff-growth stays exponential (it will most likely for the next couple of months) and how the gradient of the diff-curve will behave - will it get even steeper (%raise/diffchange goes up) or more flat (%raise/diffchange goes down) and when.

Also really important is the development of the exchange rate for BTC. If it goes up to like 1000$/BTC in 6 months sure you can still make a little profit. If it stays the same you will have to pay at some point for electricity costs, if it falls, you loose money faster.
But if the exchange-rate rises to like 1000$/BTC in 6 months even more people will buy into ASIC mining because they think they can make a profit - this will increase the diff-rises furthermore..

No one can predict that.

Stick to your 10 erupters, play with them, have fun, support the network. In the winter it will be a "free miniature heater" (direct the warm air with a small and silent USB fan into your direction ) and after that you have to see..

Thank you for all the grate infos provided. I definitely needed some mining basic to start off with.

I dont really have any expectations at the moment apart from the hope to get my investment back, and like you said if in 6 months time price will go extraordinary up I will be making some money, otherwise I hope LTC will adopot ASIC afterwards.

Your sentence may suggest you misunderstood something, just to clarify in case: ASIC devices for bitcoin cannot mine litecoin. With them you can mine any alt-coin based on SHA256 if you wish, but litecoin is based on SCRYPT.

Oh I didnt know that.. I guess Ill need to dig more into the technology chip itself. Good to know btw

[PuertoLibre]

^Yes, keep items at their starting price forever and make ROI near end of time..

Has anyone ever made ROI on an AsicMinerUSB ?

Well I am new to Bitcoin mining and I am looking to get 10 Erupter to get to learn a bit the mining scene.

I dont expect to become rich but according to bitcoin profit website, 10 USb Erupter of a total of 3330 Mh/S x  current difficulty 50,810,339 x BTC/Block 25.00 x W25 (w2.5 x 10miners) x Electricity per kwh USD $0.15 = $315.29 on a 3 months frame.

Plus counting the raspberry pi which I will be using to run the mine client which I would assume it might be an additional $15 to skim off, you will end up with $300 on 3 months frame, means that you will be able to pay back the miners within 5/6 months, this still according to the bitcoin profit website.

Again, you certainly don't become rich, but it's something, and once you have paid back for the miners and ur hw, the rest will be ur effective small ROI.

Wait a second latrina...(nice name by the way)...

Are you factoring in climbing difficulty in your calculation or are you just using 50million difficulty and multiplying 1 month by 3?

[PuertoLibre]

^Yes, keep items at their starting price forever and make ROI near end of time..

Has anyone ever made ROI on an AsicMinerUSB ?

Well I am new to Bitcoin mining and I am looking to get 10 Erupter to get to learn a bit the mining scene.

I dont expect to become rich but according to bitcoin profit website, 10 USb Erupter of a total of 3330 Mh/S x  current difficulty 50,810,339 x BTC/Block 25.00 x W25 (w2.5 x 10miners) x Electricity per kwh USD $0.15 = $315.29 on a 3 months frame.

Plus counting the raspberry pi which I will be using to run the mine client which I would assume it might be an additional $15 to skim off, you will end up with $300 on 3 months frame, means that you will be able to pay back the miners within 5/6 months, this still according to the bitcoin profit website.

Again, you certainly don't become rich, but it's something, and once you have paid back for the miners and ur hw, the rest will be ur effective small ROI.

you've not accounted for a 75%+ increase in difficulty every month.  When you do, you never pay off the investment.  This has been the same with every price point on the BEs since they were released.  Do the math again, and every ~11 days, increase the difficulty by 25% and see what you come up with..

Exactly.

The sad truth is, that Friedcat should have sold his USB versions for the price they are going at now...way back then.

If he had, then everyone would be happy. Resellers and End users.

That isn't the case and never will be...He is perfectly aware of how he is setting his prices and what that does to everyone down the line.
Almost an MLM scheme...

[kano]

... and the next difficulty change in the next 24hours will be ~29% ... Woo Hoo!

[PuertoLibre]

... and the next difficulty change in the next 24hours will be ~29% ... Woo Hoo!

About spot on for my predictions.

[bclcjunkie]

puerto awesome posts as usual... i hope people learn that friedcat is judas goat who leads all the newbie sheep to slaughterhouse.. i've learned my lesson and paying price for that... he's got no business ethics or whatsoever and what is so obvious is he willingly and knowingly sells devices that will never roi, sends out measly dividends that benefit only whale shareholders...i guess that's why he needs to hide his identity so he can avoid pissed off customers...

^Yes, keep items at their starting price forever and make ROI near end of time..

Has anyone ever made ROI on an AsicMinerUSB ?

Well I am new to Bitcoin mining and I am looking to get 10 Erupter to get to learn a bit the mining scene.

I dont expect to become rich but according to bitcoin profit website, 10 USb Erupter of a total of 3330 Mh/S x  current difficulty 50,810,339 x BTC/Block 25.00 x W25 (w2.5 x 10miners) x Electricity per kwh USD $0.15 = $315.29 on a 3 months frame.

Plus counting the raspberry pi which I will be using to run the mine client which I would assume it might be an additional $15 to skim off, you will end up with $300 on 3 months frame, means that you will be able to pay back the miners within 5/6 months, this still according to the bitcoin profit website.

Again, you certainly don't become rich, but it's something, and once you have paid back for the miners and ur hw, the rest will be ur effective small ROI.

you've not accounted for a 75%+ increase in difficulty every month.  When you do, you never pay off the investment.  This has been the same with every price point on the BEs since they were released.  Do the math again, and every ~11 days, increase the difficulty by 25% and see what you come up with..

Exactly.

The sad truth is, that Friedcat should have sold his USB versions for the price they are going at now...way back then.

If he had, then everyone would be happy. Resellers and End users.

That isn't the case and never will be...He is perfectly aware of how he is setting his prices and what that does to everyone down the line.
Almost an MLM scheme...

[klondike_bar]

I have to say, the rate at which you are dropping prices for Erupters is directly undercutting (read robbing) margin from resellers. Resellers made this company. Without resellers you would have NO DISTRIBUTION NETWORK. This is a slap in the face to the people who helped you reach the place you are in now. As a reseller who paid and had his margins completely erased before they even arrived, I can tell you with full confidence you wont be seeing any more BTC from me.

"This Company" runs 10-20% of the network. They don't need to sell hardware at all.

Well then maybe they should take a break from screwing resellers for a while then if they don't need the margin.

Find any of their current resellers to complain here, or please stop complaining about your particular no-profit story.
 

I've gotta agree. ASICminer is free to charge whatever they like, and its up to the customers (including resellers) to decide whether they will buy at the price. It was a well-known fact at 2BTC each that they would never return, but they practically sold out. At 1BTC each, the same argument was heard, but people went ahead and built systems composed of dozens of BEs.

If you cant do the math, dont buy the product. its incredibly simple, and is the very definition of supply&demand.

The problem is I didn't pay 2 BTC each..  I paid .31 each in a bulk order of 100. Before they even arrived at my door the price was cut to .32 for SINGLE UNITS effectively making all resellers who paid at that price unpaid distribution agents. Again I purchased them for RESALE not mining, so you can take your "you should have known no ROI" crap and stick it right back where it came from. They aren't even allowing enough time for smaller resellers to unload inventory before they drop the price and erase all margins. As an extremely dissatisfied customer I have a right to make my complaints known to the general public in spite of the ASICMINER shill gang attacks. ASICMINER will not be seeing any more money from me.

Then you saw the change from 2BTC->1BTC->0.5BTC->etc, and knew that when you purchased with the plan to resell.

no pity for you, sorry

[CanaryInTheMine]

Got a good amount of blades delivered today... Well stocked, ready to ship as soon as payment is received.

[gambitv]

One point people don't take into account with mining is the difficulty for some people to buy bitcoins.

Thinks about all the people who only have a little bit of money to spend on coins, and when you do a transfer of 100 USD and get a 25 USD bank fee, it is not very attractive.
So to buy the USB sticks, and let Bitcoins trickle directly into your wallet might be very attractive for some.

If they are playing the long game, and spend your bitcoins on 'wise' stocks, to further their growth you can see how one may help offset the other.

If people believe it will get to the point where 1 bitcoin is equal 1000USD, then I can see it might work out.

[nightengale]

Got a good amount of blades delivered today... Well stocked, ready to ship as soon as payment is received.

Prices are just too painful, no ROI in sight.

[atomriot]

Is there any official information on the power requirements/limits for the fan headers on the blades? I know fans dont take too much power but it seems like the blades can already take quite a bit of power in just for running them.

Just didnt know if it would be beneficial to run the fans through the blades rather than the same power rail from the PSU. (currently have my 4 blades running the fans from 1 power rail and each blade from its own power rail). just trying to think about expandabiltity.

[west17m]

Is there any official information on the power requirements/limits for the fan headers on the blades? I know fans dont take too much power but it seems like the blades can already take quite a bit of power in just for running them.

Just didnt know if it would be beneficial to run the fans through the blades rather than the same power rail from the PSU. (currently have my 4 blades running the fans from 1 power rail and each blade from its own power rail). just trying to think about expandabiltity.

I don't see how it should make much of a difference.  I heard one reason that blade plug only needs two terminals connected (one 12V and one ground) was to leave you room to wire in fans to the plug (in addition to the headers).  The amps pulled by the fans should be pretty small compared to the blade so I wouldn't worry about it.

[Jayjay04]

Is there any thread about how AsicMiner is going to improve dividends for their shareholders ?
Because the profits of mining are slowly decreasing, and I can't remember any announcement saying the hashpower will be increase soon ?!?

[newguy05]

Got a good amount of blades delivered today... Well stocked, ready to ship as soon as payment is received.

i hope you got a large discount as their reseller and can unload quickly, those will become paper weight in about 2 months max.

[Trongersoll]

I wonder how they decide which color to make the Erupters. Mine are mostly Black & Red. out of 30, i have 4 Gold ones and 1 Silver one. I think they should make new ones Blue.

They must have heard me! I want Blue ones!!!!

[chriswilmer]

Cool!

[GreenDefender]

http://thegenesisblock.com/asicminer-blades-reduced-65-to-3-5-btc/

[atomriot]

http://thegenesisblock.com/asicminer-blades-reduced-65-to-3-5-btc/

Nice! usb miners should also be dropping then right?

[Plesk]

http://thegenesisblock.com/asicminer-blades-reduced-65-to-3-5-btc/

Nice! usb miners should also be dropping then right?

Probably the next price drop will drop them even with what most of the distributors are charging for the coupon price (0.15 to 0.20)  If so then coupons would become pointless/obsolete? Maybe coupon price then becomes 0.05 BTC? hmmmm

[kano]

For a 0.335 GH/s device to recover 0.17BTC with only a 20% diff each change ... it would take ... 190 Days
... at 1000 days it is ... 0.17936377 BTC (so pretty much never reach 0.18 BTC)

If on the other hand it was 30% diff each change ... at 500 days it will have generated ... 0.11957525 BTC ... 1000 days ... 0.11957587 BTC ... so it would never reach 0.12BTC ... of course 0.5W isn't free either ... especially after 1000 days ...
http://www.tradebtc.net/bitcalc.php

For a 10GH/s device at 20% increase each change, it would take 89 days to get 4BTC
at 30% increase it would ... 500 days 3.56940335 BTC ... 1000 days 3.56942180 BTC ... so never reach 3.6 BTC
But the electricity is pretty relevant also ...

Yes many people buying AsicMiner hardware will not get their many back ...