[Announcement] Block Erupter USB - page 31.

Chrithu

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Quote from: klotzenhotz on May 18, 2013, 09:08:59 AM

2 x USB Miner vs. Radeon 7970, a simple power calculation for german users:

7970: let's give it 180W (GPU only) -> 0,18 kWh x 24h x 31d x 0,27 EUR = 36 EUR / month ~ 46 USD / month power costs
2 x USB Miner: 5W -> 0,005 kWh x 24h x 31d x 0,27 EUR = 1 EUR / month ~ 1.28 USD / month power costs

Well, in my book there are no open questions...

I am well aware of that calculation.

Still as someone else in here already wrote: The stick definetly is overpriced because production cost can't be that high. From what I found in those forums the current per unit price for the Avalon chip in BTC is at about 0.09 in the group buys. Someone else in the forum is offering to build 10 or 20 chips into a nice miner for just about 1 BTC on top of the cost for the chips. That's essentially the same price as the Block Erupter at ten times the mining power for the 10 chip version. And I am currently looking into hopping on that boat instead of wasting my money on this thing here.

Xian01

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Christian Antkow

Quote from: dnaleor on May 18, 2013, 12:15:35 PM

Even priced at 10 BTC they would have a good sale.

10 BTC would have indeed been a good sale... for the ASICMiner shareholders.

For the purchaser, not so much.

erk

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Quote from: QuiveringGibbage on May 18, 2013, 11:34:28 PM

Quote from: erk on May 18, 2013, 11:27:32 PM

The Klondike 1 USB ASIC stick, will be a direct competitor and come in at a fraction of the price.

Can Klondike deliver next week? Wink

I don't think so.

Final price is more important than rapid delivery. If I didn't care about price I would go to my local computer shop right now and get a HD7990 GPU and be mining at 1200MH/s within the hour and making over $125/mth. on top of power costs at the current difficulty.

QuiveringGibbage

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Quote from: erk on May 18, 2013, 11:27:32 PM

The Klondike 1 USB ASIC stick, will be a direct competitor and come in at a fraction of the price.

Can Klondike deliver next week? Wink

I don't think so.

erk

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Quote from: seleme on May 18, 2013, 11:17:25 PM

The fact that AsicMiner is the fastest gives them an option to price their products with 300% profit margin.

And boy, they use each opportunity to do it and will as long as there's enough suckers to buy. And it looks there is.

The Klondike 1 USB ASIC stick, will be a direct competitor and come in at a fraction of the price.

seleme

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Duelbits.com

The fact that AsicMiner is the fastest gives them an option to price their products with 300% profit margin.

And boy, they use each opportunity to do it and will as long as there's enough suckers to buy. And it looks there is.

dnaleor

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Want privacy? Use Monero!

Really great idea!

It was to be expected that the price for the first batch would be high. The geeks with to much BTC just buy, no matter the price. Even priced at 10 BTC they would have a good sale.

I consider myself a geek, but I didn't mine in the early days, so I don't have a lot of BTC to throw around (I have give or take 5 BTC).

I really want such a USB stick, but 225$, that is just TOO MUCH (consider the production cost well being below 50$)
I would start buying at 120$ (1 BTC)
If the price is 0.5 BTC I would buy a lot. I have plenty of friends who are interested in Bitcoin and would buy one. Or i would give them as present for their birthday. And we know it's possible to produce them @ a price 0.5 BTC

Logic learns us that great ideas will be copied and produced for less money, this one is a good challenger:
https://bitcointalksearch.org/topic/klondike-1-avalon-asic-chip-mini-usb-miner-196281

It would depend on who will be the fastest with a low price.

klotzenhotz

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Quote from: martynw2000 on May 18, 2013, 10:14:39 AM

Quote from: klotzenhotz on May 18, 2013, 09:08:59 AM

Well, in my book there are no open questions...

Except that there's a minimum order quantity of 300 units @ 1.99BTC per unit = 597BTC.

That's a serious snag in my book.....

Plus you'll need 30 x powered USB hubs, plus a number of computers to run it all, because you can only attach 127 USB devices to 1 computer assuming you have enough bandwidth on your USB ports... which is unlikely. Without seeing the devices, I'd say you "might" get 50 on one computer, so you'll need 6 computers running too along with the associated power costs.

Just bought 3 pieces on a group buy. So, no problems at all.

BTW: Compared to 150 x 7970 Radeon... Wink

CumpsD

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Quote from: martynw2000 on May 18, 2013, 10:14:39 AM

Quote from: klotzenhotz on May 18, 2013, 09:08:59 AM

Well, in my book there are no open questions...

Except that there's a minimum order quantity of 300 units @ 1.99BTC per unit = 597BTC.

That's a serious snag in my book.....

Plus you'll need 30 x powered USB hubs, plus a number of computers to run it all, because you can only attach 127 USB devices to 1 computer assuming you have enough bandwidth on your USB ports... which is unlikely. Without seeing the devices, I'd say you "might" get 50 on one computer, so you'll need 6 computers running too along with the associated power costs.

Just do a group buy? Like the many that are ongoing now and have already been ordered.

martynw2000

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Quote from: klotzenhotz on May 18, 2013, 09:08:59 AM

Well, in my book there are no open questions...

Except that there's a minimum order quantity of 300 units @ 1.99BTC per unit = 597BTC.

That's a serious snag in my book.....

Plus you'll need 30 x powered USB hubs, plus a number of computers to run it all, because you can only attach 127 USB devices to 1 computer assuming you have enough bandwidth on your USB ports... which is unlikely. Without seeing the devices, I'd say you "might" get 50 on one computer, so you'll need 6 computers running too along with the associated power costs.

klotzenhotz

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Quote from: pornluver on May 18, 2013, 09:11:13 AM

How many megaherz Radeon 7970 is?

What do you mean? In general? Or OCed? I'm running mine with ~ 1135 MHz, it's not very stable above that, but that's very individual.

pornluver

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How many megaherz Radeon 7970 is?

klotzenhotz

sr. member

Activity: 252

Merit: 250

2 x USB Miner vs. Radeon 7970, a simple power calculation for german users:

7970: let's give it 180W (GPU only) -> 0,18 kWh x 24h x 31d x 0,27 EUR = 36 EUR / month ~ 46 USD / month power costs
2 x USB Miner: 5W -> 0,005 kWh x 24h x 31d x 0,27 EUR = 1 EUR / month ~ 1.28 USD / month power costs

Well, in my book there are no open questions...

Chrithu

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Activity: 224

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Hi.

This thing looks quite interesting.

Getting basically the same hashrate as I currently get out of my GPUs at only a fraction of the power consumption and without being unable to game at the same time as I mine on my rig is temping, VERY tempting.

What currently still let's me shy away is the high price. Is there any chance that the price will drop later on, as demand goes up? Because at that price I could aswell get me a nice 7000 series GPU which won't be near as efficient for mining but could be used for gaming and besides is something I have planned to obtain either way sooner or later this year for gaming purposes (you know ESO and STar Citizen around the corner).

Also I'd like to know if you or any retailer is planing to put the things in a nice casing?

Being a Techgeek is nice and stuff. But operating such things with open circuits in a room that isn't safe from dust is just asking for pulverizing the investment if you ask me.

martynw2000

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The mathematics on this product don't work out.

Minimum order of 300 units at 1.99BTC each = 597BTC

Assuming a mining difficulty increase of 10% every 11 days or so, in 6 months time at 90,000Mh/ps you will have earned back 385BTC - and by then you'll only be earning 0.77BTC per day. In a year, you'd still only have 456BTC, and you'd likely never get back to 597BTC unless you increased your hashing rate by buying more units. Plus this is assuming a start date of today - likelyhood if I placed an order today for 300 units, delivery could be any unknown time in the future when the difficulty has already gone up x amount.

Naturally, the difficulty MIGHT not go up 10% every 11 days, and the value of BTC MIGHT go up a lot, but there's no way to tell.

At current rates 597BTC will cost you ~$73,500 - not many people have that amount of money laying around, so most would have to get a loan to do so - so factoring in an interest rate for that too, it's just not viable IMHO.

yxt

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Quote from: erk on May 17, 2013, 07:02:01 PM

Quote from: BlackLilac Grant on May 17, 2013, 06:55:21 PM

There is no product you can buy from BFL that hashes at 5 GH/s and will ship any time this year, if ever. Comparing a real in-hand product to vapourware is silly.

Of course you have absolutely no proof of this claim

Is a reasonable conclusion based on BFL track record from FPGA preorder days until now

remember Nov 2012: "shipping in 14 days"

Xian01

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Christian Antkow

Quote from: erk on May 17, 2013, 07:02:01 PM

I placed my order for a 5GH/s unit on 5th. April, it cost me 2.62BTC including shipping, in order to get 5GH/s worth of USB devices you would have to purchase 17 units, and spend over 33BTC, even if my order takes several months to turn up, I will still be ahead.

You are not taking into consideration reasonable shipping time for your April 5th order, nor are you taking network difficulty into consideration 6-8 months from now - hopefully when you might receive the product you have ordered.

If you were to spend those 33 BTC for 17 Erupter units right now, you are starting to ROI much sooner. Your BFL preorder is a depreciating asset with every passing day, and unless you are a June or July 2012 order, my gut is telling me "Good luck seeing your order this year."

BlackLilac Grant

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Quote from: erk on May 17, 2013, 07:02:01 PM

Quote from: BlackLilac Grant on May 17, 2013, 06:55:21 PM

Quote from: erk on May 17, 2013, 06:30:21 PM

Quote from: yxt on May 17, 2013, 06:27:20 PM

GPU: + x W host PC
USB: + x W r-pi

BFL 5GH/s + R-Pi ($350 approx)

Magic = 1,000,000 TH/s free!

There is no product you can buy from BFL that hashes at 5 GH/s and will ship any time this year, if ever. Comparing a real in-hand product to vapourware is silly.

Of course you have absolutely no proof of this claim

I placed my order for a 5GH/s unit on 5th. April, it cost me 2.62BTC including shipping, in order to get 5GH/s worth of USB devices you would have to purchase 17 units, and spend over 33BTC, even if my order takes several months to turn up, I will still be ahead.

I will also be purchasing an Avalon chip based device, but no the Block Erupter USB, it's a ripoff at 1.99BTC or more.

I hope by "several months" you mean 10-12 months, or never.

What claim did I make that I have no proof of? That ASICMINER USBs are in-hand, or that BFL has currently missed their promised shipping date by ~ 8 months and counting, and that orders placed today likely won't be shipped for at least that long?

Or were you referring to my claim about magic? If so you're right, I can't back that up.

I really do hope you get your unit in a reasonable time frame, but I hope you're not counting on it, because there is zero evidence that they will ever be able to fill all of their early pre-orders, let alone those placed in 2013. Meanwhile, my ASICMINER blades and USBs will be hashing away next week.

erk

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Quote from: BlackLilac Grant on May 17, 2013, 06:55:21 PM

Quote from: erk on May 17, 2013, 06:30:21 PM

Quote from: yxt on May 17, 2013, 06:27:20 PM

GPU: + x W host PC
USB: + x W r-pi

BFL 5GH/s + R-Pi ($350 approx)

Magic = 1,000,000 TH/s free!

There is no product you can buy from BFL that hashes at 5 GH/s and will ship any time this year, if ever. Comparing a real in-hand product to vapourware is silly.

Of course you have absolutely no proof of this claim

I placed my order for a 5GH/s unit on 5th. April, it cost me 2.62BTC including shipping, in order to get 5GH/s worth of USB devices you would have to purchase 17 units, and spend over 33BTC, even if my order takes several months to turn up, I will still be ahead.

I will also be purchasing an Avalon chip based device, but no the Block Erupter USB, it's a ripoff at 1.99BTC or more.

HTML5 Gordon

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Quote from: erk on May 17, 2013, 06:30:21 PM

Quote from: yxt on May 17, 2013, 06:27:20 PM

GPU: + x W host PC
USB: + x W r-pi

BFL 5GH/s + R-Pi ($350 approx)

Ah. If only any of us could get one anytime soon. Yes, I have BFL pre-orders.

Anyway, no matter what else you throw out there, the USB erupter is more efficient than a GPU, and therefore will cost less than a GPU over the long term.

My BFL devices are getting great power consumption numbers - 0W! Unfortunately, they are also getting me 0 BTC right now. Wink

Topic: [Announcement] Block Erupter USB - page 31. (Read 251926 times)