Swimmer63
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Activity: 1593
Merit: 1004
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July 06, 2013, 06:12:46 AM |
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good evening, Mickey Mouse chips from China I hope you guys realize the blockchain difficulty is rapidly increasing and this is at best a novelty item..Ira Depends how many you have. |
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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SilentSonicBoom
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July 06, 2013, 06:58:34 AM |
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good evening, Mickey Mouse chips from China I hope you guys realize the blockchain difficulty is rapidly increasing and this is at best a novelty item..Ira Depends how many you have. Also, price can be lowered , up to a point, to compensate for difficulty increase. Then, more than 1 chip per erupter is possible with miniaturization. |
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Vexual
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July 06, 2013, 07:00:21 AM
Last edit: July 06, 2013, 07:11:25 AM by Vexual |
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I don't think anyone was mining US$0.54 per day in 2009.
You don't need a time machine, it's still early days.
ASICMINER: Entering the Future of ASIC Mining by Inventing It
the future extends further than a week from now.
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1VEX7x76pJdreV1nJW8bXpotbCNggDxG5
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phantitox
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July 06, 2013, 07:36:00 AM |
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question: if this dividends week have not yet paid to me , who i need to report this? (first time this happends)  |
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AMuppInTime
Donator
Sr. Member
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Activity: 290
Merit: 250
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July 06, 2013, 07:39:13 AM |
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question: if this dividends week have not yet paid to me , who i need to report this? (first time this happends) If you previously bought the share from someone and have never received a dividend yet, speak with them. If you are trading on one of the current exchanges with passthrough share, speak to the exchange holder. If you used to receive divs at that address via a direct share, check with friedcat himself. GL |
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aahzmundus
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July 06, 2013, 07:41:50 AM |
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good evening, Mickey Mouse chips from China I hope you guys realize the blockchain difficulty is rapidly increasing and this is at best a novelty item..Ira And they sell like hotcakes! People buy bottled water, people are not rational. These things are cool, people want them, and they will pay for them. As long as that happens I am a happy investor. And WHO is to say these wont/can't pay for themselves? We know little to nothing about their lifespan, the estimates on future transaction fees are impossible to make, although difficulty is climbing, it may go down... maybe people hop onto some ALT Coin in mass. Maybe an asteroid hits china? Either way, I imagine the price of 1btc each, even with the recent USD/BTC events, is far above cost. We can afford to drop the price more, and sell more... at a profit. |
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SmiGueL
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July 06, 2013, 12:02:58 PM
Last edit: July 06, 2013, 01:35:57 PM by SmiGueL |
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With this picture you'll never sell them... $184 for the stick? They are about $70 with the current bitcoin price.... 1.79 MH/s / $ is also wrong, it's MUCH more... |
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velacreations
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July 06, 2013, 01:14:39 PM |
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don't you love it when the info on an infographic is wrong?
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aahzmundus
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July 06, 2013, 01:33:10 PM |
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don't you love it when the info on an infographic is wrong?
In their defense, its not wrong, its outdated. With how fast things change... this may be bad advertising. |
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nubbins
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Activity: 1554
Merit: 1009
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July 06, 2013, 02:13:12 PM |
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Either way, I imagine the price of 1btc each, even with the recent USD/BTC events, is far above cost. We can afford to drop the price more, and sell more... at a profit.
Marginal costs are something like $0.8 per chip. Obviously there are other costs involved, but you're correct in that the price can be dropped massively. So ASIC can be quiet cheap when you compare them per individual chip price, but it's a big start up cost for the designer. FPGA's are more expensive individually, but you can do more with them, and on a small scale the cost is easier to pass on without hurting their accounts.
Thanks. Yes, basically the more ASICs are produced, the lower the cost per chip becomes. I'd estimate the Block Erupter chips (just the chip) will only be $5-15 a piece ...
In fact, the margin cost per chip is less than $0.8 a piece, that is hopefully $0.8 per GH/s. Of course, if we consider the cost of heat sinks, fans, PCBs, power supplies, and the disperse of the initial NRE cost into each GH/s, it will be significantly higher, but still within a single digit dollars per GH/s. As it stands now, at the very least it looks like that will be roughly 10MHs:1$ ...
If only considering the whole production cost, it is easy to achieve more than 100MH/s : 1$. The actual market price is another story of course. |
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DiabloD3
Legendary
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Activity: 1162
Merit: 1000
DiabloMiner author
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July 06, 2013, 03:24:13 PM |
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good evening, Mickey Mouse chips from China I hope you guys realize the blockchain difficulty is rapidly increasing and this is at best a novelty item..Ira Depends how many you have. good morning sir, Alot of this is new to me. I've been mining bitcoins the past year using the university computer, what we use here is many times more powerful than anything available to the public. This forum is full of misunderstandings..Ira Best troll Ive seen in this thread for awhile. |
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binaryFate
Legendary
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Activity: 1484
Merit: 1003
Still wild and free
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July 06, 2013, 03:28:57 PM |
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Ignore list in one single post, well done.
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Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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Lohoris
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July 06, 2013, 03:50:55 PM |
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good morning sir, Alot of this is new to me. I've been mining bitcoins the past year using the university computer, what we use here is many times more powerful than anything available to the public. This forum is full of misunderstandings..Ira
Best troll Ive seen in this thread for awhile. mmmmh http://www.linkedin.com/in/irafuchshttps://en.wikipedia.org/wiki/Ira_FuchsWonder if this is a case of stolen identity... |
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phantastisch
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Activity: 2270
Merit: 1363
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July 06, 2013, 03:54:05 PM |
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good morning sir, Alot of this is new to me. I've been mining bitcoins the past year using the university computer, what we use here is many times more powerful than anything available to the public. This forum is full of misunderstandings..Ira
Best troll Ive seen in this thread for awhile. mmmmh http://www.linkedin.com/in/irafuchshttps://en.wikipedia.org/wiki/Ira_FuchsWonder if this is a case of stolen identity... If you read his posts , if he is a troll , he must be very dedicated to his role. |
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velacreations
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July 06, 2013, 03:55:01 PM |
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Ignore list in one single post, well done.
that's a new record |
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Strange Vlad
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July 06, 2013, 05:19:19 PM |
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Any ideas about why hashrate this week is significantly lower than before?
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Do not try and bend the spoon. That's impossible. Instead... only try to realize the truth. There is no spoon. Then you'll see, that it is not the spoon that bends, it is only yourself.
1CdVTkA288cd3m1jkdqPjUfhQ5ebei8gVT
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aahzmundus
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July 06, 2013, 05:26:19 PM |
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Any ideas about why hashrate this week is significantly lower than before?
No idea. http://runeks.dk/bitcoin/ <-- Last chart OUCH we are doing REALLY BAD compared to last week... uhh... shit. |
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SOSLOVE868
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July 06, 2013, 05:44:32 PM |
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Any ideas about why hashrate this week is significantly lower than before?
No idea. http://runeks.dk/bitcoin/ <-- Last chart OUCH we are doing REALLY BAD compared to last week... uhh... shit. 55 THS last 6 hours....update??? |
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