BPMC Launch BF1 USB miner - probably the fastest USB miner in the World

[Bicknellski]

So the 'possible' but not likely, break even BTC price for 2.2GH/s mining is now ~0.65BTC if you get it today - i.e. unlikely to do much better than ~0 BTC profit if you pay 0.65BTC for 2.2GH/s

That's assuming 20% per diff change, which the average over the last 10 diff changes has been higher than 20% (the last 4 have been almost 30% or more)

i.e. at 20% diff each change, 100 days mining, 2.2GH/s = ~ 0.54294555 BTC
at 20% diff each change, 200 days mining, 2.2GH/s = ~ 0.65738121 BTC

N.B. those BTC return numbers are VERY likely to be an over estimate.

Was the price posted?

2.3 - 2.7 Gh/s is the range I think Kevin was getting when burning in.

[scooter]

If I had the money I would buy some and quickly sell them for double on ebay.
It seemed to work well for people when the BE's came out.

[Bicknellski]

If I had the money I would buy some and quickly sell them for double on ebay.
It seemed to work well for people when the BE's came out.

Notice we are not selling them on Ebay?

[Fiyasko]

If I had the money I would buy some and quickly sell them for double on ebay.
It seemed to work well for people when the BE's came out.

Notice we are not selling them on Ebay?

Is that your way of saying "buy a bunch in a batch so you can resell and flip them for profit instead of mine on them like they are desinged for"

[coldbreeze16]

If I had the money I would buy some and quickly sell them for double on ebay.
It seemed to work well for people when the BE's came out.

Notice we are not selling them on Ebay?

Is that your way of saying "buy a bunch in a batch so you can resell and flip them for profit instead of mine on them like they are desinged for"

+1  ^this. Methinks they'll hardly ever ROI so they were actually just made for being resold, not mining   http://en.wikipedia.org/wiki/Greater_fool_theory‎

[xstr8guy]

If I had the money I would buy some and quickly sell them for double on ebay.
It seemed to work well for people when the BE's came out.

Notice we are not selling them on Ebay?

Is that your way of saying "buy a bunch in a batch so you can resell and flip them for profit instead of mine on them like they are desinged for"

+1  ^this. Methinks they'll hardly ever ROI so they were actually just made for being resold, not mining   http://en.wikipedia.org/wiki/Greater_fool_theory‎

Thank you for existing Ebay!

I'll never understand why so many people frown upon reselling.  It's a free market.  No one's forced to buy.

[Fiyasko]

If I had the money I would buy some and quickly sell them for double on ebay.
It seemed to work well for people when the BE's came out.

Notice we are not selling them on Ebay?

Is that your way of saying "buy a bunch in a batch so you can resell and flip them for profit instead of mine on them like they are desinged for"

+1  ^this. Methinks they'll hardly ever ROI so they were actually just made for being resold, not mining   http://en.wikipedia.org/wiki/Greater_fool_theory‎

Thank you for existing Ebay!

I'll never understand why so many people frown upon reselling.  It's a free market.  No one's forced to buy.

Because majority of consumers want to consume a product, not make money

[rob143]

A guy on Ebay prints a case for the Block Erupters, figured out how to cram a usb hub in there and slapped a fan on top, sells the unit for $399 on Ebay. These are faster, less micky mouse so at $399 would still be a better value.

[terrapinflyer]

A guy on Ebay prints a case for the Block Erupters, figured out how to cram a usb hub in there and slapped a fan on top, sells the unit for $399 on Ebay. These are faster, less micky mouse so at $399 would still be a better value.

Link?

[rob143]

A guy on Ebay prints a case for the Block Erupters, figured out how to cram a usb hub in there and slapped a fan on top, sells the unit for $399 on Ebay. These are faster, less micky mouse so at $399 would still be a better value.

Link?

http://www.ebay.com/itm/ASIC-Bitcoin-Quick-Miner-USB-2-Gh-s-Plug-and-Play-with-Fan-Blue-Quick-Miner-/281165695726

[terrapinflyer]

That is a cool product. I wonder how many he has sold at that price...

[Bicknellski]

If I had the money I would buy some and quickly sell them for double on ebay.
It seemed to work well for people when the BE's came out.

Notice we are not selling them on Ebay?

Is that your way of saying "buy a bunch in a batch so you can resell and flip them for profit instead of mine on them like they are desinged for"

My way of saying we came to a knowledgeable part of the community, offered our wares at our price and have accepted our fate up or down on sales as opposed to "fleecing" people who might not have the same level of understanding or access to this forum. Reselling is fine, ebay is fine, just not how we have gone about it and no my statement merely points to the fact the we are trying whenever possible to be ethical in business practices. We are also trying to open up a positive dialogue with the community for future products. We want to do more to provide products that are available and meet the needs of this community.

[Bicknellski]

Got my Units today...

Shipping on 9, 1 going to ckolivas, keeping 1 to play with.

[kano]

If I had the money I would buy some and quickly sell them for double on ebay.
It seemed to work well for people when the BE's came out.

Notice we are not selling them on Ebay?

Is that your way of saying "buy a bunch in a batch so you can resell and flip them for profit instead of mine on them like they are desinged for"

My way of saying we came to a knowledgeable part of the community, offered our wares at our price and have accepted our fate up or down on sales as opposed to "fleecing" people who might not have the same level of understanding or access to this forum. Reselling is fine, ebay is fine, just not how we have gone about it and no my statement merely points to the fact the we are trying whenever possible to be ethical in business practices. We are also trying to open up a positive dialogue with the community for future products. We want to do more to provide products that are available and meet the needs of this community.

It's your way of saying ... you made a mistake and want to pass that mistake off completely to the buyers and turn it into a profit for you.
(with a hidden - 'suckers')

Until ASIC, the needs of the community was hardware that mined more BTC than it cost.
People other than very late BTC miners, did this with GPUs and FPGAs.

Since ASIC, the standard for some ASIC chip and board manufacturers has been to sell hardware at a BTC price above what it will return and then pretend to be an idiot and not know that you are ripping people off ... or worse ... make up copious amounts of bullshit arguing that you aren't ripping people off but instead doing right by them.
The most common of these of late is: "Why sell hardware when you could make more mining with it - better to make EVEN more by selling it - and thus making the buyers lose BTC"

Of course this can be described as a ponzi if you realise that the only positive exit strategy is passing the loss on to the next buyer ... even if sometimes there is only one step - the first sale of the devices

[Bicknellski]

Back on ignore Kano don't really have the time to play or care about your slant on things. Might want to go look for more free hardware somewhere else like the Monarch or something equally fantasmagorical.

Spin it how you like. Moving forward batch two and some newer BTC mining projects and BTC mining accessory like hubs.

Kevin and Beastlymac I am guessing most are sold now ya boys?

Really looking forward to the end of November with those really efficient chips coming down the pipe.

[Dabs]

@kano, you can buy the ones available now at 2.1 BTC, or you can wait next month and the next batch, those will be cheaper.

[bigbeninlondon]

If next batch's will be cheaper, and this batch isn't selling, would it not be prudent to reduce these a little to see if you can sell them before the next batch?  October delivery chips have USB sticks promising BTC.4.  I'd pay BTC1 BTC.8 now to have one of these early.  Just saying.

Edit: did the calculations.  Even at BTC1 it's a gamble that difficulty won't continue to skyrocket for the next year.

[Beastlymac]

-snip-

Kevin and Beastlymac I am guessing most are sold now ya boys?

Only about 20 left also most of those are reserved for payment in the coming days.

[Beastlymac]

If next batch's will be cheaper, and this batch isn't selling, would it not be prudent to reduce these a little to see if you can sell them before the next batch?  October delivery chips have USB sticks promising BTC.4.  I'd pay BTC1 BTC.8 now to have one of these early.  Just saying.

Edit: did the calculations.  Even at BTC1 it's a gamble that difficulty won't continue to skyrocket for the next year.

Next batch WILL be cheaper. But the current batch is almost sold out so we won't be dropping prices.

[miffman]

im confused. with block erupters being around 0.13 BTC with 336 mhash, and the BF1 being 2.1 BTC with 2.5ghash, you would need 8 block erupters to have the equivalent power. it's still like a 1BTC cheaper. Yeah you need hubs and it's a nuisance etc etc, but still cheaper. why not go for block erupters??