Block Eupter USB August batch update

[mc_lovin]

Pretty much no one is going to make a profit on most other miners either. If/when they get it.

So you're saying that if you had $39 in your pocket, and you converted it into BTC and purchased a miner with it.. you mine it for a year or two, and you will never get your $39 back?  What if a BTC suddenly climbs to $10,000 in a couple of years.. and this only generated 0.2 BTC at that time (a net BTC loss), you would still have $2000?  If these can make 0.01 BTC in 3-4 days, who's to say that 0.01 BTC isn't worth >$40 soon?

People purchase these for different reasons.  I have many of these purring away right now and I have already earned over 20-30% of their cost.  If at the end of the year they have only earned 60% that's okay with me.  It's better than pre-ordering a BFL and a year later it hasn't arrived, at least with these you can do your profit calculations knowing that it will be in your hand in a day or so. 

These make an excellent choice for first-timers of Bitcoin particularly, even though holding BTC is an even better way to guarantee profits. 

There is also the PPCoin angle.  If you point yours at PP, there is a chance that by the end of the year the PPCoin hashrate skyrockets and block reward plummets, and you could convert your PP into BTC at a profit.

*Who knows* what will happen in this crypto world, and what the best choices are, but don't hate on the USB miner because they are "outrageously" priced at 0.39 BTC!  I remember paying 40 BTC for a 5870 not long ago.  If you want a miner, buy one, if not, keep it to yourself!

[bcp19]

Pretty much no one is going to make a profit on most other miners either. If/when they get it.

So you're saying that if you had $39 in your pocket, and you converted it into BTC and purchased a miner with it.. you mine it for a year or two, and you will never get your $39 back?  What if a BTC suddenly climbs to $10,000 in a couple of years.. and this only generated 0.2 BTC at that time (a net BTC loss), you would still have $2000?  If these can make 0.01 BTC in 3-4 days, who's to say that 0.01 BTC isn't worth >$40 soon?

People purchase these for different reasons.  I have many of these purring away right now and I have already earned over 20-30% of their cost.  If at the end of the year they have only earned 60% that's okay with me.  It's better than pre-ordering a BFL and a year later it hasn't arrived, at least with these you can do your profit calculations knowing that it will be in your hand in a day or so.  

These make an excellent choice for first-timers of Bitcoin particularly, even though holding BTC is an even better way to guarantee profits.  

There is also the PPCoin angle.  If you point yours at PP, there is a chance that by the end of the year the PPCoin hashrate skyrockets and block reward plummets, and you could convert your PP into BTC at a profit.

*Who knows* what will happen in this crypto world, and what the best choices are, but don't hate on the USB miner because they are "outrageously" priced at 0.39 BTC!  I remember paying 40 BTC for a 5870 not long ago.  If you want a miner, buy one, if not, keep it to yourself!

You forget, these are the people who claim that buying a BTC miner is the SAME as buying BTC.  Therefore, you NEED to be able to get your BTC back or you you have failed.

[Lauda]

Neverreachableroi again?..

[k9quaint]

Pretty much no one is going to make a profit on most other miners either. If/when they get it.

So you're saying that if you had $39 in your pocket, and you converted it into BTC and purchased a miner with it.. you mine it for a year or two, and you will never get your $39 back?  What if a BTC suddenly climbs to $10,000 in a couple of years.. and this only generated 0.2 BTC at that time (a net BTC loss), you would still have $2000?  If these can make 0.01 BTC in 3-4 days, who's to say that 0.01 BTC isn't worth >$40 soon?

When you decide to buy an ASIC miner you are deciding to buy a variable stream of BTC. If one can estimate the total expected BTC, then one can price that BTC and compare it to buying BTC off an exchange. If you can get the BTC off an exchange for a lot less, then the miner will not yield good investment returns compared to just buying BTC.

People purchase these for different reasons.  I have many of these purring away right now and I have already earned over 20-30% of their cost.  If at the end of the year they have only earned 60% that's okay with me.  It's better than pre-ordering a BFL and a year later it hasn't arrived, at least with these you can do your profit calculations knowing that it will be in your hand in a day or so. 

Thats fine. I consider them superior to BFL as well, since the USB sticks actually exist.

These make an excellent choice for first-timers of Bitcoin particularly, even though holding BTC is an even better way to guarantee profits. 

I wouldn't say guarantee, but otherwise I agree.

There is also the PPCoin angle.  If you point yours at PP, there is a chance that by the end of the year the PPCoin hashrate skyrockets and block reward plummets, and you could convert your PP into BTC at a profit.

Perhaps.

*Who knows* what will happen in this crypto world, and what the best choices are, but don't hate on the USB miner because they are "outrageously" priced at 0.39 BTC!  I remember paying 40 BTC for a 5870 not long ago.  If you want a miner, buy one, if not, keep it to yourself!

Why shouldn't the math be posted? That is the fundamental nature of bitcoin itself, it is based entirely on mathematics.

[bcp19]

When you decide to buy an ASIC miner you are deciding to buy a variable stream of BTC. If one can estimate the total expected BTC, then one can price that BTC and compare it to buying BTC off an exchange. If you can get the BTC off an exchange for a lot less, then the miner will not yield good investment returns compared to just buying BTC.

This is the common fallacy of your argument.  Instead of buying a BTC miner you should buy BTC.  A large percentage of the people looking to buy a BTC miner would never have the patience to *buy* BTC and hold onto it.

While I have traded on an exchange and lost BTC, I have more now than if I had never used the exchange.  Having never spent a single BTC, I fall into the group of long term investors that would be better off buying BTC than buying a miner.

That said, there is something to owning the miner, seeing the trickle of coins coming into your wallet.  Buying BTC is like buying stock... you cheer with every upward swing and curse at every downward tumble.  While solo mining is unlikely to pay off, you could always hit the lottery and find a block.

Hey!  Forget buying BTC or Miners!  BUY LOTTERY TICKETS!

It's all relative.  If you are able to buy BTC and walk away for years, your BTC argument works great.  If you are not...

[MaxSan]

They look good as gifts. I would probably purchase as such.

[001sonkit]

did i heard GIGAVPS somehwere above?!? He is still owing me 2 shares of GIGAMIMING. With all those lawyers and I am under 18... gone for good


Kinda off topic. anyway, I do love the 2 new shiny texture on the USB.

[Mitchell]

Is it red or pink? I hope pink, we need to make Bitcoin Mining more appealing to females.

I think color matters much less than if it vibrates or not. 

A hot, vibrating, BitCoin mining USB Block Erupter. Damn.

[Lauda]

Is it red or pink? I hope pink, we need to make Bitcoin Mining more appealing to females.

I think color matters much less than if it vibrates or not. 

A hot, vibrating, BitCoin mining USB Block Erupter. Damn.

I'm certain that this will attract many females. 

[HeroC]

Cool. Is there a group buy going on selling these new one ones?

[Unacceptable]

Cool. Is there a group buy going on selling these new one ones?

Several:

https://bitcointalk.org/index.php?board=137.0

Look for one near your country.Don't forget you'll need POWERED USB hubs:

https://bitcointalk.org/index.php?topic=253749.0

Instructions on running them:

https://www.btcguild.com/index.php?page=support&section=blockerupter

They are neat,but as stated,it will take quite awhile to earn your money back...just so you know 

[Bitcoinorama]

Is it red or pink? I hope pink, we need to make Bitcoin Mining more appealing to females.

I think color matters much less than if it vibrates or not.  

A hot, vibrating, BitCoin mining USB Block Erupter. Damn.

I'm certain that this will attract many females.  

Yes, they get paid to masterbate, it'll be like solo prostitution!

I think you're on to a winner, and Friedcat is missing a trick!

[Lauda]

They are neat,but as stated,it will take quite awhile to earn your money back...just so you know 

A while

You mean NEVER ! ==>

http://mining.thegenesisblock.com/a/52ea56f127

I don't know why op mentions ROI when you can't get ROI on them..

[Micon]

Besides securing the blockchain and gaining ROI, they are also ideal as souvenirs for both newcomers and experienced bitcoiners.

I just want to go on record saying you are a certified Bitcoin Boss and a brilliant marketer.

absolutely gorgeous.  Your erupters make me want to make hashing wall art.

seriously, it's a fucking modern art masterpiece. 

friedcat 4 prez

[Trillium]

Months ago I paid 1 BTC each for 2 miners and 1 BTC in shipping to my country (I live in a technological wasteland called Australia), my miners are so far from ROI I can't express it in words.

[bcp19]

Months ago I paid 1 BTC each for 2 miners and 1 BTC in shipping to my country (I live in a technological wasteland called Australia), my miners are so far from ROI I can't express it in words.

AAAARRRRGGGGHHHH?

[Lauda]

Months ago I paid 1 BTC each for 2 miners and 1 BTC in shipping to my country (I live in a technological wasteland called Australia), my miners are so far from ROI I can't express it in words.

A picture is enough?

[Trongersoll]

I got a couple of these, and wondered if the seller modded them. heh. they were black, but the bevel was metallic. i also noticed the cert.s bottom right. They look good, but a functional imporvement would have been more impressive.

[k9quaint]

Months ago I paid 1 BTC each for 2 miners and 1 BTC in shipping to my country (I live in a technological wasteland called Australia), my miners are so far from ROI I can't express it in words.

Don't worry, bcp19 says BTC will go to $1000 and you will get "ROI".

Actually, worry. A lot. 

[bcp19]

Months ago I paid 1 BTC each for 2 miners and 1 BTC in shipping to my country (I live in a technological wasteland called Australia), my miners are so far from ROI I can't express it in words.

Don't worry, bcp19 says BTC will go to $1000 and you will get "ROI".

Actually, worry. A lot. 

That statement is a lot like your long con, until it happens, you can discount it and discount it and discount it.  Up until it becomes true.  Which will come true first?  The supposed long con or BTC=$1000?  I bet the latter.