Bitcoin USB Block Eruptors - The Quickest Way to Start Mining?

[fordlincoln]

What do you guys think about USB miners?

- They’re inexpensive
- Easy to manage
- It works
- Efficient for the amount of hashes per second it generates
- Minimal power consumption required
-  They’re quiet
- If one breaks down you don’t have to perform any complicated tasks to find and remove the faulty Eruptor.

You can expect to make about $9/Week with 1 x USB Miner

Bear in mind that:
The current value of 1 Bitcoin is $799 USD
Difficulty Factor is 609482679.888
11.8% increase in Difficulty in 5 Days

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[Shockwavesix]

$9 a week, you're talking about one of the 2 GH/s Fury units...

Optimistically (Very) you're looking at a ROI of 7-8 months, assuming the going rate on Ebay of $250 or so.

That also assumes that you have access to power that you don't pay for. And it assumes that the cost of BTC doesn't tank. And it assumes that your equipment lasts that long without breaking. And it assumes that the difficulty doesn't go up at a greater than predicted rate. 

Too many And's in that assumption.

[Tommygun]

You would need to get a good price on them and get them shipped asap...

[maximillian999]

As I see it the only way to get your money back and make a little extra is to buy hardware around or Above $2000. As ASIC mining technology advances shortly after so does the difficulty. When that happens the only way to be profitable is to run the newest machines for Several weeks or a few months following their mass production debut. That's why I'm looking at co-op or possibly overclocking the previous generation machines (I'm even contemplating my own ASIC design, but it will be a couple years before I start my Masters degree and get to play with that sort of hardware).

On the other hand I find it interesting that the bitcoin has increased in value so much that the USB erupters that I purchased my actually pay for themselves before the difficulty increases one or two more times.

If I'm wrong About this, someone Please correct me.  I'm always up for good lesson.

[Koro Oji]

I know I'm late to the party, but if someone were to start mining bitcoin with
ASICMiner Block Erupters @ 330MH/s, how many would be needed to make it worthwhile?

Also, can these be used for mining litecoin?

[Tommygun]

Well, 3x333MHs is 1GHS, and anything under 10GHs is not worth a while, I think... but fully equiped 49 port and mine with that.

Or get blades, which are 11GHs.

And no, you cant use ASIC miners for LTC

[niothor]

I know I'm late to the party, but if someone were to start mining bitcoin with
ASICMiner Block Erupters @ 330MH/s, how many would be needed to make it worthwhile?

Also, can these be used for mining litecoin?

asicminers are made for bitcoin , they could only mine bitcoin not scrypt coins like litecoin.
as for the revenue:
http://mining.thegenesisblock.com/
try this simulator.

[philipma1957]

http://bitcoinwisdom.com/bitcoin/difficulty  

 this calc has   value



 1ghs = 5 usd a week.    
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so If I  sold this  kit to you


http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&rd=1&item=151173097332

  for 125 usd  you may lose or make money. My guess is lose.

  If I sold this for 99  you would stand a better chance.  I could sell this for 150 on ebay if I had more of them.  The 125 I sold them for  was about 30 less then anyone else on ebay.


 I would say  the kit above is worth about  80-90 with current btc price.


If you mine on cex.io with this kit  you would earn  BTC NMC DEV and ITX coins.   BTC the NMC has some value.   You could then add more hash via the cex.io site.

 If you are new and find a kit like the above kit. for 80 bucks you should get it.    If you are new this would be a low cost way to get started.    Down the road you could add sticks.

[paulcdb]

i really don't see how these are fetching the prices on ebay. Do people really jump on a bandwagon without checking?

I bought 4 about before the main BL hardware to test my calculations without wasting money and now they're nearly heading towards being 4x what i paid so bang goes picking up a few more just to fill the usb hub, lol

Should really sell mine but it's not to keep your starter equipment as a souvenir.

[CoinGeneral]

If you mine on cex.io with this kit  you would earn  BTC NMC DEV and ITX coins.   BTC the NMC has some value.   You could then add more hash via the cex.io site.

Cex.io has a pool? I thought they were a subscriber mining company where you pay them BTC monthly and they would mine things for you or something.

You can actually add your own mining hardware to their pool and receive 4x coins? What?!

i really don't see how these are fetching the prices on ebay. Do people really jump on a bandwagon without checking?

I bought 4 about before the main BL hardware to test my calculations without wasting money and now they're nearly heading towards being 4x what i paid so bang goes picking up a few more just to fill the usb hub, lol

Should really sell mine but it's not to keep your starter equipment as a souvenir.

Yeah they're going for $50+ a piece now...  Here's two that sold for $150, so that's basically $75 for one block erupter: http://www.ebay.com/itm/2x-Asicminer-Block-Erupter-USB-Bitcoin-ASIC-miner-335-Mh-s-In-Hand-No-Reserve-/231099768863

But really, $9 a week for x1 of them?! That's.... great news.....

[philipma1957]

If you mine on cex.io with this kit  you would earn  BTC NMC DEV and ITX coins.   BTC the NMC has some value.   You could then add more hash via the cex.io site.

Cex.io has a pool? I thought they were a subscriber mining company where you pay them BTC monthly and they would mine things for you or something.

You can actually add your own mining hardware to their pool and receive 4x coins? What?!

i really don't see how these are fetching the prices on ebay. Do people really jump on a bandwagon without checking?

I bought 4 about before the main BL hardware to test my calculations without wasting money and now they're nearly heading towards being 4x what i paid so bang goes picking up a few more just to fill the usb hub, lol

Should really sell mine but it's not to keep your starter equipment as a souvenir.

Yeah they're going for $50+ a piece now...  Here's two that sold for $150, so that's basically $75 for one block erupter: http://www.ebay.com/itm/2x-Asicminer-Block-Erupter-USB-Bitcoin-ASIC-miner-335-Mh-s-In-Hand-No-Reserve-/231099768863

But really, $9 a week for x1 of them?! That's.... great news.....

yes I mine home miners to the cex.io   pool.. 

I purchased a small .1 share of ghs for like .008 btc   so I have an account.  I then used bfgminer software (thank you luke Jr.)  and send the few am sticks and redfuries to  the cex.io pool


for usa the address is

stratum+tcp://us1.ghash.io:3333

then my worker is

   {workernamethatIpicked}.ghash

password is blank or what ever.