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Topic: 2GH NinjaStick USB Miner powered by Bitfury - page 4. (Read 22551 times)

full member
Activity: 136
Merit: 100
Very interested.
hero member
Activity: 1008
Merit: 501
Watch  Cool
hero member
Activity: 539
Merit: 500
We're doing everything we can to get the price down as low as possible, but please have reasonable expectations as we can't sell them for less than the chips cost, plus theres a bunch of other parts, board, heatsink, and NRE costs that we have to recover.  These small units aren't going to have the world's best ROI, you can only get that promise when you buy $5k worth of vaporware.  Real things in hand cost more than powerpoint slides and renderings. 

Anyhow we are trying to keep a sub $100 price point to give entry level miners some meaningful hashrate.

Hmm, I don't like your comment very much. ASICMINER USB sticks, a real product from a real competitor, is existing competition to your vaporware. Furthermore, and I can't believe this is not obvious, your production costs do not matter to the buyer and should not factor into their expectations.


At present asicminer USB sticks are 0.9BTC+ per GH.  At 0.5 this is a better deal.

However only time will tell whether roi is possible...
member
Activity: 96
Merit: 10
We're doing everything we can to get the price down as low as possible, but please have reasonable expectations as we can't sell them for less than the chips cost, plus theres a bunch of other parts, board, heatsink, and NRE costs that we have to recover.  These small units aren't going to have the world's best ROI, you can only get that promise when you buy $5k worth of vaporware.  Real things in hand cost more than powerpoint slides and renderings. 

Anyhow we are trying to keep a sub $100 price point to give entry level miners some meaningful hashrate.

Hmm, I don't like your comment very much. ASICMINER USB sticks, a real product from a real competitor, is existing competition to your vaporware. Furthermore, and I can't believe this is not obvious, your production costs do not matter to the buyer and should not factor into their expectations.
hero member
Activity: 630
Merit: 500
We're doing everything we can to get the price down as low as possible, but please have reasonable expectations as we can't sell them for less than the chips cost, plus theres a bunch of other parts, board, heatsink, and NRE costs that we have to recover.  These small units aren't going to have the world's best ROI, you can only get that promise when you buy $5k worth of vaporware.  Real things in hand cost more than powerpoint slides and renderings. 

Anyhow we are trying to keep a sub $100 price point to give entry level miners some meaningful hashrate.
sr. member
Activity: 394
Merit: 250
The block erupters will be at .12 BTC is the next few weeks. This new device should be around .45 @ least 2gh/s to be worthwhile.
legendary
Activity: 1890
Merit: 1003
At 2BTC that's $113 per GH/s which is a total joke.

Even 1BTC you would be lucky to get any ROI by the time it ships. It needs to sell for less than 1BTC if it can't then don't start the project.


And this is the first signs of what will happen to NON-USB ASIC's in October or November 2013.

Companies will figure out that their initial designs can't easily overcome pricing restrictions. So they will have to redesign Gen2.1 to be more massively parallel to keep outrunning the difficulty by any meaningful timeframe.

(You heard it here first! Expect many companies to pre-plan, adapt to changing market conditions, or utterly fail and take your money/BTC with them. Spend wisely.)
member
Activity: 92
Merit: 10
Interested. Watch mode.
erk
hero member
Activity: 826
Merit: 500
At 2BTC that's $113 per GH/s which is a total joke.

Even 1BTC you would be lucky to get any ROI by the time it ships. It needs to sell for less than 1BTC if it can't then don't start the project.

newbie
Activity: 24
Merit: 0
Cool project, but too pricey.

I'd pay 0.75 for one to dig the mud out my walking boots? Waddya say?
legendary
Activity: 910
Merit: 1000
Price needs to be .15 BTC.
It costs more than 0.15 BTC to buy just the chip not including postage, fab etc.
Yes, that is a big problem. ;-)
hero member
Activity: 661
Merit: 502
Interested.
full member
Activity: 205
Merit: 100
Price needs to be .15 BTC.
It costs more than 0.15 BTC to buy just the chip not including postage, fab etc.

Then I'd say the chip is way too expensive, it has had any markup priced out of it already, just my two satoshis.



sr. member
Activity: 308
Merit: 250
onore dikeido
ninjaaaa  Cool

watching
full member
Activity: 127
Merit: 100
watching
hero member
Activity: 630
Merit: 501
Miner Setup And Reviews. WASP Rep.
Price needs to be .15 BTC.
It costs more than 0.15 BTC to buy just the chip not including postage, fab etc.
legendary
Activity: 910
Merit: 1000
Price needs to be .15 BTC.
legendary
Activity: 1890
Merit: 1003
0.5BTC/Gh/s in October?

Might be a fun toy ~1btc, but anyone paying 100BTC would be taking a huge risk in their ability to resell them for a profit, and they certainly wouldn't be very worthwhile to use in a big mining op.
Again, a company making a mistake on an unsellable product.

The USB stick market is going to need to be profitable to be sellable. Right now these are put in a dollar and get back 25 cents.
member
Activity: 96
Merit: 10
If it hashes and looks good, I am in for one as a collectible. I agree that the price will turn off most profit oriented people. Perhaps you can credit first buyers with coupons or stocks.
full member
Activity: 238
Merit: 100
0.5BTC/Gh/s in October?

Might be a fun toy ~1btc, but anyone paying 100BTC would be taking a huge risk in their ability to resell them for a profit, and they certainly wouldn't be very worthwhile to use in a big mining op.
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