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Author Topic: 2013-09-02 ASICMiner USB Bitcoin Miner Price Drops 80% to 0.175 BTC  (Read 1055 times)
patricktim
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September 03, 2013, 06:47:15 AM
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http://thegenesisblock.com/asicminer-usb-bitcoin-miner-price-drops-80-to-0-175-btc/

ASICMiner’s USB miners were quickly adopted by hobbyists who were interested in bitcoin mining and wanted to replace their outdated graphics cards, or set up small ASIC mining farms. While the ROI on these units was always questionable due to the rapidly increasing difficulty of the network, many early adopters are quickly realizing losses on these units. Miners who bought the first round of ASIC USBs have earned around 0.57 BTC to date, leaving 1.4135 BTC to break-even. Considering that these can now be acquired for 0.175 BTC that leaves them at around 1.24 BTC loss per unit over the two months. Miners that acquired the second round units at the end of June could have expected to realize about 0.30 BTC in gains, leaving 0.59 BTC remaining until break even and 0.41 BTC net loss given the pricing of the new units.

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September 03, 2013, 06:05:01 PM
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Glad I dodged this bullet.

We'll see if KnC Miner is a bullet, or the best hashing hardware to buy this month!

Coinbase for selling BTCs or Vircurex for trading alt cryptocurrencies like DOGEs
CoinNinja for exploring the blockchain.
PM me with any questions on these sites!  Happy to help!
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September 04, 2013, 01:38:16 AM
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This article is over month old.

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