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Damnsammit
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August 20, 2013, 01:51:16 PM |
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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!
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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stslimited
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August 21, 2013, 12:13:49 AM |
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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. |
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Xyver
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August 21, 2013, 04:48:25 PM |
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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
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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. |
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RodeoX
Legendary
 Offline
Activity: 3066
Merit: 1145
The revolution will be monetized!
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August 21, 2013, 04:55:37 PM |
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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. |
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Kuroth
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August 21, 2013, 05:24:29 PM |
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They were useless when they were $150 each too.. Never could figure out why people were buying these things like it was cotton candy..
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Damnsammit
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August 21, 2013, 05:26:10 PM |
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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  |
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luv2drnkbr
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August 22, 2013, 12:56:14 AM |
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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".
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HellDiverUK
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August 22, 2013, 01:22:57 PM |
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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. |
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oyeTorry
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August 22, 2013, 01:32:31 PM |
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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 |
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millsdmb
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August 22, 2013, 01:34:14 PM |
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+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! |
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QueenB
Member
Offline
Activity: 70
Merit: 10
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August 22, 2013, 02:06:33 PM |
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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 |
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panck4beer
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August 22, 2013, 02:10:13 PM |
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These will sell at $5 - $7 each at the end of this year. Just wait for it
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QueenB
Member
Offline
Activity: 70
Merit: 10
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August 22, 2013, 02:12:20 PM |
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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 |
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zengryT
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August 22, 2013, 02:13:52 PM |
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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.
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Dalkore
Legendary
Offline
Activity: 1330
Merit: 1026
Mining since 2010 & Hosting since 2012
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August 22, 2013, 10:14:23 PM |
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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 $60.00 per KW - LinkTransaction 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
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CrashX
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August 24, 2013, 07:00:45 AM |
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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.
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joae1975
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August 24, 2013, 07:23:22 AM |
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What's the best alt coin to point these guys at when btc difficulty is too high?
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1PewuG8KZJUPK3CtvAkAs1Uw42rQgUv5Jk
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Twingo
Newbie
Offline
Activity: 19
Merit: 0
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August 24, 2013, 02:19:53 PM |
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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 |
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millsdmb
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August 24, 2013, 02:24:40 PM |
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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? |
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