Bitcoin Forum
July 21, 2018, 12:41:31 AM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 [3] 4 5 6 7 8 »  All
  Print  
Author Topic: USB block erupters are now useless. $5 - $7 each.  (Read 25752 times)
Damnsammit
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250



View Profile
August 20, 2013, 01:51:16 PM
 #41

They seemed like a fun thing to resell, but Canary cornered the market on that.

Mining Bitcoin is a rich man's game now.  Good luck to all those who want to play!
1532133691
Hero Member
*
Offline Offline

Posts: 1532133691

View Profile Personal Message (Offline)

Ignore
1532133691
Reply with quote  #2

1532133691
Report to moderator
1532133691
Hero Member
*
Offline Offline

Posts: 1532133691

View Profile Personal Message (Offline)

Ignore
1532133691
Reply with quote  #2

1532133691
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
stslimited
Hero Member
*****
Offline Offline

Activity: 546
Merit: 500


View Profile
August 21, 2013, 12:13:49 AM
 #42

There is no such thing as the "correct price".  The correct price is what the market is willing to pay.  I do think that demand is going to dry up in face on the reality of ever increasing difficulty. I wonder if AsicMiner can still move them in volume if they cut the price to 0.1 BTC ea and if so are they making a profit at that price.

As for the $5 being the "correct" price are you willing to sell me your BE for $5?  I get the feeling when people say things like "this ASIC should be $x" they only mean they would buy not sell at that price. Of course if that truly is the correct price they would be happy to sell theirs off at fair value. 

ohohoh, there definitely is such a thing as price discovery.
Xyver
Full Member
***
Offline Offline

Activity: 284
Merit: 100


View Profile
August 21, 2013, 04:48:25 PM
 #43

lol 750M difficulty is like... what?  a few months away?

Current Difficulty is 50M, assume 20% increase each change... that's 15 changes away.  5-15 days between.  

 50,000,000.00    0
 60,000,000.00    1
 72,000,000.00    2
.
.
.
 1,597,399,996.85    19
 1,916,879,996.22    20


See, available hardware will limit that.  Math can't get the the way of common sense.  Currently, the network it at ~500 terahashes/s, with a difficulty of ~50 million.  For rough estimates, we can say that the network is 10x the difficulty.  So, if we have to hit 750 million difficulty, that is a 15x increase in difficulty, which would require a 15x increase in hashing power, raising the network to 7.5 PETAhashes/s.  There's no way any ASIC companies can deliver that much hardware that quickly.  

The estimates that make sense to me are about a 3 petahash network by the end of the year, which would give a difficulty rise of 6x, which sits us at 300 million, well below our 750 million cutoff.  

Difficulty cannot keep rising at this speed, it has to level off at some point.  And my guess (however little it may be based on) is that that level-off will be around 500 million difficulty.
RodeoX
Legendary
*
Offline Offline

Activity: 2674
Merit: 1056


The revolution will be monetized!


View Profile
August 21, 2013, 04:55:37 PM
 #44

There is no such thing as the "correct price".  The correct price is what the market is willing to pay.  
Amen. Why is that such a hard concept for people to understand? The only time one can say a price is to high is when there are no buyers.

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf

Free bitcoin in AFRICA - https://bitcointalk.org/index.php?topic=2710325.msg27720734
Kuroth
Full Member
***
Offline Offline

Activity: 196
Merit: 100



View Profile WWW
August 21, 2013, 05:24:29 PM
 #45

They were useless when they were $150 each too..  Never could figure out why people were buying these things like it was cotton candy..


Damnsammit
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250



View Profile
August 21, 2013, 05:26:10 PM
 #46

They were useless when they were $150 each too..  Never could figure out why people were buying these things like it was cotton candy..



They look pretty and wifey/gf don't get upset when they run 24/7 Cheesy

luv2drnkbr
Hero Member
*****
Offline Offline

Activity: 795
Merit: 1000



View Profile
August 22, 2013, 12:56:14 AM
 #47

I'd buy a handful if they were $20 or less.  I love the one I have, it's very cute.  It'd be quite the novelty to buy a few hubs and a raspberry pi and actually have a legitimate honest to god mining operation, instead of "that one that I sometimes run when I'm using my desktop anyway".

HellDiverUK
Hero Member
*****
Offline Offline

Activity: 882
Merit: 501



View Profile
August 22, 2013, 01:22:57 PM
 #48

They were useless when they were $150 each too..  Never could figure out why people were buying these things like it was cotton candy..



They look pretty and wifey/gf don't get upset when they run 24/7 Cheesy



This.  I have 11 of them now.  They're mining at double the rate my GPUs were, and they're not sucking 1200W of power and raising the temp of the house by 5C.


            ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
         █████████████████████████▄  
       ███████                 ██████
     ██████                      ██████
    █████      ███████████▄        ████
   ████      █████████████▀         ████
  ████      █████            ██      ████
 █████     ████     ▄▄▄      ███     ████
 █████     ████   ███████   ████
 ████      ████   ███████   ████
 ████      ████   ██████    ████      ███
  ████     █████   ▀▀▀▀     ████     ████
  ████      █████            ██      ████
   ████      █████████████▄         ████
    █████      ███████████▀        ████
     ██████                       ████
       ██████
         ██████████████████████▄
             ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
SKYFchain
█▀▀▀▀▀▀█
█  ▄██
██▀  █
█  ▄██
██▀  █
█  ▄██
██▀  █
█  ▄██
██▀  █
█      █
█▄▄▄▄▄▄█

█▀▀▀▀▀▀█
█  ▄██
██▀  █
█  ▄██
██▀  █
█  ▄██
██▀  █
█  ▄██
██▀  █
█      █
█▄▄▄▄▄▄█
oyeTorry
Hero Member
*****
Offline Offline

Activity: 770
Merit: 500


View Profile WWW
August 22, 2013, 01:32:31 PM
 #49

They were useless when they were $150 each too..  Never could figure out why people were buying these things like it was cotton candy..



They look pretty and wifey/gf don't get upset when they run 24/7 Cheesy



This.  I have 11 of them now.  They're mining at double the rate my GPUs were, and they're not sucking 1200W of power and raising the temp of the house by 5C.


As long as it is hobby, it is ok. Hobby has to cost something afterall

millsdmb
Sr. Member
****
Offline Offline

Activity: 322
Merit: 250


View Profile
August 22, 2013, 01:34:14 PM
 #50

+1 if you want (or think) the price of usb block erupters to be around $5 to $7 each.

I'll go in on your group buy!

Hitler Finds out about the Butterfly Labs Monarch http://www.youtube.com/watch?v=4jYNMKdv36w
Get $10 worth of BTC Free when you buy $100 worth at coinbase.com/?r=51dffa8970f85a53bd000034
QueenB
Member
**
Offline Offline

Activity: 70
Merit: 10



View Profile
August 22, 2013, 02:06:33 PM
 #51

There is no such thing as the "correct price".  The correct price is what the market is willing to pay.  
Amen. Why is that such a hard concept for people to understand? The only time one can say a price is to high is when there are no buyers.

or depends on which side of the table you are on

panck4beer
Full Member
***
Offline Offline

Activity: 141
Merit: 100



View Profile
August 22, 2013, 02:10:13 PM
 #52

These will sell at $5 - $7 each at the end of this year. Just wait for it

QueenB
Member
**
Offline Offline

Activity: 70
Merit: 10



View Profile
August 22, 2013, 02:12:20 PM
 #53

They were useless when they were $150 each too..  Never could figure out why people were buying these things like it was cotton candy..



They look pretty and wifey/gf don't get upset when they run 24/7 Cheesy



+1

zengryT
Hero Member
*****
Offline Offline

Activity: 745
Merit: 500



View Profile
August 22, 2013, 02:13:52 PM
 #54

These will sell at $5 - $7 each at the end of this year. Just wait for it

But then you will hear the correct price is $1 each

Not managing signature campaigns anymore.
joae1975
Hero Member
*****
Offline Offline

Activity: 706
Merit: 500



View Profile
August 22, 2013, 03:59:10 PM
 #55

AsicMiner shares are dropping fast and no word of any new products. SELL!
https://www.havelockinvestments.com/reports.php

1CTRG2ozX9ugneLeGjwDWDSNimpghTdLJm
Dalkore
Legendary
*
Offline Offline

Activity: 1288
Merit: 1010


Mining since 2010


View Profile WWW
August 22, 2013, 10:14:23 PM
 #56

I'll take 1 and a time machine, please.

Bam!  I'll second this request.  Let me hitch a ride with you. 

Hosting: Low as $85.00 per KW - Link
Transaction List: jayson3 +5 - ColdHardMetal +3 - Nolo +2 - CoinHoarder +1 - Elxiliath +1 - tymm0 +1 - Johnniewalker +1 - Oscer +1 - Davidj411 +1 - BitCoiner2012 +1 - dstruct2k +1 - Philj +1 - camolist +1 - exahash +1 - Littleshop +1 - Severian +1 - DebitMe +1 - lepenguin +1 - StringTheory +1 - amagimetals +1 - jcoin200 +1 - serp +1 - klintay +1 - -droid- +1 - FlutterPie +1
CrashX
Full Member
***
Offline Offline

Activity: 210
Merit: 100


Don't take life too seriously. Just relax.


View Profile WWW
August 24, 2013, 07:00:45 AM
 #57

I purchase 100 of them for 35 each. Which I personally thing that I overpaid for them. I should of have pay $20 .

The first one I got I pay 75, I was so stupid to pay that amount never, never will make my ROI back.

My BTC Bucket | Advertisers are not endorsed by the CrashX.
joae1975
Hero Member
*****
Offline Offline

Activity: 706
Merit: 500



View Profile
August 24, 2013, 07:23:22 AM
 #58

What's the best alt coin to point these guys at when btc difficulty is too high?

1CTRG2ozX9ugneLeGjwDWDSNimpghTdLJm
Twingo
Newbie
*
Offline Offline

Activity: 19
Merit: 0


View Profile
August 24, 2013, 02:19:53 PM
 #59

What's the best alt coin to point these guys at when btc difficulty is too high?
use coinchoose.com, there you can check all the alt coins
millsdmb
Sr. Member
****
Offline Offline

Activity: 322
Merit: 250


View Profile
August 24, 2013, 02:24:40 PM
 #60

What's the best alt coin to point these guys at when btc difficulty is too high?
use coinchoose.com, there you can check all the alt coins
Someone mentioned it must be SHA256 right?

Hitler Finds out about the Butterfly Labs Monarch http://www.youtube.com/watch?v=4jYNMKdv36w
Get $10 worth of BTC Free when you buy $100 worth at coinbase.com/?r=51dffa8970f85a53bd000034
Pages: « 1 2 [3] 4 5 6 7 8 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!