USB block erupters are now useless. $5 - $7 each.

[Damnsammit]

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!

[stslimited]

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]

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]

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.

[Kuroth]

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]

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

[luv2drnkbr]

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]

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

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.

[oyeTorry]

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

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]

+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!

[QueenB]

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]

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

[QueenB]

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

+1

[zengryT]

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

[joae1975]

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

[Dalkore]

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

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

[CrashX]

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.

[joae1975]

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

[Twingo]

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]

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?