As you may know, our DualMiner USB 2 (DM2) has a price promation on volume purchase this month. When you purchase 50+ DM2 devices, you pay $61.2 for each DM2 device. I did a quick scrypt mining cost/reward comparision between the DM2 and one GPU (Radeon HD7970) system , and reached a conclusion that the DM2 is alreay neck to neck with Radeon HD7970 when comparing cost/reward matrix. Below is my detail analysis;
Assumptions:
Difficulty is steady
You could get 10 DM2 at $61.2 per device somehow (such as through a groupbuy)
Given Conditions:
Host required to mine is not included in this comparision
External cooling is not included in this comparision
Mining Litecoin and $/LTC convertion rate = $16.94
Electricity cost (KW/Hour) = $0.15
Pool Fee = 2%
Duration for comparision = 375 days
Radeon HD7970 parameters; cost=$310, Hash Rate=700KH/s, Power comsumption=250W
10 DM2 parameters; cost=$612, Hash Rate=700KH/s, Power comsumption=15W
LTC reward calculator used in this analysis; https://bitcoinwisdom.com/litecoin/calculator
Calculations:
GPU extra electricity fee (/day) = ((250W-15W)*24/1000)*0.15=$0.846/day
GPU extra electricity fee (375 days) = $0.846*375=$317.25
10 DM2 $ reward from 375 days' mining = $743.9 (using calculator https://bitcoinwisdom.com/litecoin/calculator)
GPU net reward (at the 375th day) = $743.9-$310-$317.25=$116.65
DM2 net reward (at the 375th day) = $743.9-$612=$131.9
Takeaway point: With the per device price of $61.2, mining Litecoin with DM2 should give you better long term ROI compared to that of Radeon HD7970
03/19/2014 Update
We have updated our DualMiner USB 2 pricing per competition changes. We would like to enable altcoin miners with small mining budgets to be able to participate the exciting mining activities. This pricing will take effect immediately and last for one month or replaced by another new pricing.
* Pricing
Units US$/unit Discount
1~9 90 100%
10~49 70.2 78%
50+ 61.2 68%
03/06/2014 Update
Introcudtion to DualMiner USB 2
* Product
DualMiner USB 2 is a simplified version of its predecessor DualMiner USB, which is designed for Litecoin and all kinds of Altcoins mining purposes.
It still contains a single Gridchip (GC3355 processor) chip. It can be setup to mine Litecoin, or Dogecoin, or other scrypt based Altcoins with very low power consumption.
* Hash Performance
Working Mode BTC LTC Power
Scrypt Only off 70KH/s 1.5W@USB VBUS
* Pricing
Units US$/unit Discount
1~9 90 100%
10~49 81 90%
50~499 70.2 78%
>=500 67.5 75%
* Sales/Information
www.dualminer.com.
* Tech Support
http://support.dualminer.com/
02/24/2014 Update
For Linux command line software (open source code), please check following link and get the source codes
https://github.com/dualminer/dualminer-cgminer
We have established a forum for all DualMiner USB product related discussion and exchange. Please go to www.dualminer.com website, then click "support" followed by "forum" http://support.dualminer.com/?page_id=149. We recommend to post your technical problems in this forum for efficient exchanges. We have assigned R&D engineers to monitor the forum very closely.
02/06/2014 Update
Our on-line store www.dualminer.com is ready to take any kinds of orders (small and large alike, domestic and international alike). If your pruchase is equal to $5,000 (US$) or less, you still have three payment methods (credit card, Paypal, and Bitcoin) available to you, and your payment is only limited to Bitcoin when your purchasing more than $5,000 (US$) worth of devices. For people purchasing with the Bitcoin, the converting (from Bitcoin to US$) will be handled by bitpay automatically. So you final payment amount could be various slightly depending on when you actually place your order on-line.
For international orders, please keep in mind that your orders could take longer to reach you compared to US domestic buyers. Also, because each country's import requirements are various a lot, I am afraid we will not be able to design one single importing form to fit all applications. So when you fill in your shipping address and instruction on-line, please try to provide as many details as possible.
[01/22/2014 Update]
* About us
Broadeng Inc. is the exclusive reseller of DualMiner USB products in North America. Broadeng has a close business relationship with its chip provider (Gridchip Inc) and system manufacturing partners in China. We strive to provide high quality Bitcoin and Litecoin mining equipment to our worldwide customers. We will only sell mining products that are in stock.
* Product
DualMiner USB
The DualMiner USB is the world's first ASIC based USB miner for both SHA-256 and Scrypt. It uses a single Gridchip's GC3355 processor chip. It can be setup to mine Litecoin only, or Bitcoin and Litecoin simultaneously.
* Hash Performance (Bounded by USB-IF's USB2.0 specification of Maximum 2.5W power consumption for a device)
Working Mode BTC LTC Power
Dual Mode 500MH/s 40KH/s 2.5W@USB VBUS
LTC Mode Off 70KH/s 1.5W@USB VBUS
* Gridchip Chip Specs
Process Node: 55nm
Package Type: QFN64
Packaged Chip Size: 8 mm x 8 mm
Each BTC and LTC core can be enabled or disabled according to the power budget.
* Windows Mining Software
Customized Windows software with GUI will make multi-device mining simple and straightforward.
* Sales
For product and sales details, please visit our website, www.dualminer.com (Our on-line store is still under testing, will update this forum when open to accept orders) . We would like to send a free sample miner to a few honored community members for product review and verification. In return, we ask that you write an independent review of our product for the Bitcoin and Litecoin communities. Please PM your request to "dualminer" in the bitcointalk forum. We will select only a few of the requests and apologize in advance to those who do not receive samples.
There are three color (of heat sink) for customers to choose from (Please check www.dualminer.com for actual sample pictures). We will do our best to meet customers' color preferences, but will ship what is available in stock when running out preferred color stock. Customers could place special order of specific color in 50 units/batch, but special orders could take longer fulfillment time. Please read the "Terms and Conditions" (from www.dualminer.com website) very carefully before making your purchase.
* Price (per unit)
1~9 $98 ea. Full Price (FP)
10~49 $92.12 ea. 94%FP
50~99 $88.20 ea. 90%FP
100~299 $83.30 ea. 85%FP
>=300 $79.38 ea. 81%FP
*Payment Methods
Bitcoin (Through BitPay)
PayPal,
Credit card
* Contact
Please send your private message to [email protected]. All the messages will be reviewed, however we may not be able to reply to every message.
[01/11/2014 post]
Hello Everyone,
We are new to the forum, but would like to bring an exciting news to this community. We will start to sale the world 1st ASIC based BTC/LTC USB miner, which could mine both Bitcoin and Litecoin at the same time, to US market soon. This USB miner (product name :DualMiner USB) is built with a single Gridchip's (Gridchip Inc. is based in Beijing, China) GC3355 ASIC chip. We will provide more information about the product and purchasing method in near future. The miners are under various testing processes. We have included several real product pictures for you to peek in the coming product.
