Topic: [Announcement] Block Erupter USB - page 37. (Read 251944 times)
What I'd like to see is a PCI-e ASICMINER product that hashes at 5000+. Get that going Friedcat!
I would be okay with 2btc for 600mHash. but for 300 i dont see it as a ood investment
Most people don't. I didn't when I purchased one via a group buy. I had other motives.
Most likely everyone who owns one of these things at $200-ish US is going to feel like they were gypped to some extent every time the look at the thing. Further, most of the people buying them now will probably be especially active in the mining gear economy going forward.
Due to the rapidly changing events in asic-chip-land, it's possible that ~friedcat would make a decision to do some two-for-the-price-of-one deal or some such which would be much less messy if done before any items were shipped at all.
I anticipate once the first batch ships, and we see other competition catching up on pre-orders or avalon-based designs, we could see a more reasonable price/power ratio.
I would not purchase any asic design unless i believed it could pay for itself within 6 months, especially since 60% of that would probably occur in the first 3 months. For me, I want to see 4 chips on a device, with a total of >1GHash for less than 4.5 BTC after shipping/taxes/etc and a few reviews before i invest in such a crapshoot.
There will be a period of time where early investors profit (that was avalon batch 1 and batch 2), then a period where the asic technology will advance and drop in price at a rate that makes investing in the earlt part of the phase a poor choice (IMO, this is avalon batch 3 and the block erupter v1). Eventually this will level out somewhat, probably in a few months, and the ideal opportunities will arise with 16-chip designs that push 6Ghash a board in the $750-$1000 price range. Every year this price will half.
I would be okay with 2btc for 600mHash. but for 300 i dont see it as a ood investment
Most people don't. I didn't when I purchased one via a group buy. I had other motives.
Most likely everyone who owns one of these things at $200-ish US is going to feel like they were gypped to some extent every time the look at the thing. Further, most of the people buying them now will probably be especially active in the mining gear economy going forward.
Due to the rapidly changing events in asic-chip-land, it's possible that ~friedcat would make a decision to do some two-for-the-price-of-one deal or some such which would be much less messy if done before any items were shipped at all.
I haven't read the 21 pages of comments on this, so I may be repeating what others have said.
At 2btc a pop for 600mh, it's about the same price as a 7970. With a fraction of the power usage. However, not massively resellable like a 7970 is.
I think it's overpriced, but in reality it's probably reasonably priced.. especially if you have a rig of 7970s that you can resell and switch to these and cut your power usage down significantly. The question is do you want to risk being "stuck" with these if/when difficulty jumps through the roof, or GPUs that you can then redeem for cash. And considering these will continue to be profitable long after GPUs are not, except for those will free or really really low electricity prices.
M
At 2btc a pop for 600mh, it's about the same price as a 7970. With a fraction of the power usage. However, not massively resellable like a 7970 is.
I think it's overpriced, but in reality it's probably reasonably priced.. especially if you have a rig of 7970s that you can resell and switch to these and cut your power usage down significantly. The question is do you want to risk being "stuck" with these if/when difficulty jumps through the roof, or GPUs that you can then redeem for cash. And considering these will continue to be profitable long after GPUs are not, except for those will free or really really low electricity prices.
M
it's 1.99 for 300mhash...
yeah, typo. fixed.
M
I would be okay with 2btc for 600mHash. but for 300 i dont see it as a ood investment
Yes, i have tried.. Setup is a long process and i did everything correctly, it still wouldnt build. Gonna fresh format windows 7 then try again.
: (
Are you talking about cgminer on Win7 here? creating a .bat file is a long process? https://ozcoin.net/content/win7-cgminer-setup-guide: (
I found it simple to run and manage.
QG
Yes, i have tried.. Setup is a long process and i did everything correctly, it still wouldnt build. Gonna fresh format windows 7 then try again.
: (
Are you talking about cgminer on Win7 here? creating a .bat file is a long process? https://ozcoin.net/content/win7-cgminer-setup-guide: (
I found it simple to run and manage.
QG
will it support any other software apart from cgminer ?
Im actually interested in this too. Will it work with guiminer?VERY good question. i've never bothered to set up cgminer. ...good a time as any i suppose?
: (
I haven't read the 21 pages of comments on this, so I may be repeating what others have said.
At 2btc a pop for 600mh, it's about the same price as a 7970. With a fraction of the power usage. However, not massively resellable like a 7970 is.
I think it's overpriced, but in reality it's probably reasonably priced.. especially if you have a rig of 7970s that you can resell and switch to these and cut your power usage down significantly. The question is do you want to risk being "stuck" with these if/when difficulty jumps through the roof, or GPUs that you can then redeem for cash. And considering these will continue to be profitable long after GPUs are not, except for those will free or really really low electricity prices.
M
At 2btc a pop for 600mh, it's about the same price as a 7970. With a fraction of the power usage. However, not massively resellable like a 7970 is.
I think it's overpriced, but in reality it's probably reasonably priced.. especially if you have a rig of 7970s that you can resell and switch to these and cut your power usage down significantly. The question is do you want to risk being "stuck" with these if/when difficulty jumps through the roof, or GPUs that you can then redeem for cash. And considering these will continue to be profitable long after GPUs are not, except for those will free or really really low electricity prices.
M
it's 1.99 for 300mhash...
yeah, typo. fixed.
M
will it support any other software apart from cgminer ?
Im actually interested in this too. Will it work with guiminer?VERY good question. i've never bothered to set up cgminer. ...good a time as any i suppose?
will it support any other software apart from cgminer ?
Im actually interested in this too. Will it work with guiminer? I haven't read the 21 pages of comments on this, so I may be repeating what others have said.
At 2btc a pop for 600mh, it's about the same price as a 7970. With a fraction of the power usage. However, not massively resellable like a 7970 is.
I think it's overpriced, but in reality it's probably reasonably priced.. especially if you have a rig of 7970s that you can resell and switch to these and cut your power usage down significantly. The question is do you want to risk being "stuck" with these if/when difficulty jumps through the roof, or GPUs that you can then redeem for cash. And considering these will continue to be profitable long after GPUs are not, except for those will free or really really low electricity prices.
M
At 2btc a pop for 600mh, it's about the same price as a 7970. With a fraction of the power usage. However, not massively resellable like a 7970 is.
I think it's overpriced, but in reality it's probably reasonably priced.. especially if you have a rig of 7970s that you can resell and switch to these and cut your power usage down significantly. The question is do you want to risk being "stuck" with these if/when difficulty jumps through the roof, or GPUs that you can then redeem for cash. And considering these will continue to be profitable long after GPUs are not, except for those will free or really really low electricity prices.
M
it's 1.99 for 300mhash...
I haven't read the 21 pages of comments on this, so I may be repeating what others have said.
At 4btc a pop for 600mh, it's about the same price as a 7970. With a fraction of the power usage. However, not massively resellable like a 7970 is.
I think it's overpriced, but in reality it's probably reasonably priced.. especially if you have a rig of 7970s that you can resell and switch to these and cut your power usage down significantly. The question is do you want to risk being "stuck" with these if/when difficulty jumps through the roof, or GPUs that you can then redeem for cash. And considering these will continue to be profitable long after GPUs are not, except for those will free or really really low electricity prices.
M
At 4btc a pop for 600mh, it's about the same price as a 7970. With a fraction of the power usage. However, not massively resellable like a 7970 is.
I think it's overpriced, but in reality it's probably reasonably priced.. especially if you have a rig of 7970s that you can resell and switch to these and cut your power usage down significantly. The question is do you want to risk being "stuck" with these if/when difficulty jumps through the roof, or GPUs that you can then redeem for cash. And considering these will continue to be profitable long after GPUs are not, except for those will free or really really low electricity prices.
M
Is it possible to order those ASIC USB miners at 2BTC each?
Where?
Cheers
Where?
Cheers
Are you in Europe?
2.09 BTC + parcel @ https://bitcointalksearch.org/topic/m.2032724
will it support any other software apart from cgminer ?
Is it possible to order those ASIC USB miners at 2BTC each?
Where?
Cheers
Where?
Cheers
There is at least one group buy in the US and one in the EU. I'm a participant in the one in the US. There is a very active thread about it on this same forum (Custom hardware) and it has a link to the EU one so you should see it near the top.
The price is 2.1013 BTC currently due to extra shipping and escrow fees. Good luck!
Is it possible to order those ASIC USB miners at 2BTC each?
Where?
Cheers
Where?
Cheers
Quote
Seeing as how the USB gadget is quite simple a device to make if you already have a working ASIC with working firmware, the actual R&D expenses of pulling that miner off won't be very large.
IIRC the USB miner was developed before the Blades to test the chip itself.
If there is a demonstrated demand for such devices at 'rip-off' prices, that will encourage more development along these lines and we'll be seeing genuine commodity pricing that much sooner.
I think these current USB devices are just a curiosity at this price point. Sending the signal that people will buy anything and everything at hugely inflated prices will do much harm in the long run. There's absolutely no need to enrich ASICMINER and contribute to the centralisation of the network(*) at the current time any more than it's happening already. Come autumn when Avalon's chips built into DIY and small-time projects are hashing all over the world, then the situation is different. But at the moment... nah.
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(*) I realise the USB gadgets will of course be hashing all over the world, but the BTC spent on them will give ASICMINER an even bigger ability to centralise more. The actual hashing output of the devices will be minuscule in the grand scheme of things.
I've got nothing against ASICMINER becoming stupidly rich. They were the first to get ASIC hashing as best I can tell, and I'm happy if they enjoy the fruits of their labors. Them doing very well will just provide that much more incentive for competitors to get in and get a piece of the pie.
I'm surprised that they are selling these things or any hashing power at all to be honest. It undercuts their own strategy. I guess they are either seeing the end of their strategy or simply see distributing hashing power as a way to fuck their competition and increase the resiliency (and shape the trajectory) of the crypto-currency ecosystem. Whatever the case, I see it as a big positive and am happy to support it.
I expect that the current 1st generation ASIC are probably very inefficient internally. Just quick and dirty hacks to get something out the door. As the chip logic develops, I'm happy if some of the designers are looking to target the market for small distributed devices. That is just my wild guesses on things though since I have no first-hand experience here.
Totally agree, but being involved in R&D and product development, I know how much effort goes into shipping the first production batch.
Given I don't think USB miners are going to be competitive in the long run, I would like to see all bugs ironed out now so with dwindling demand it will still be cost effective to produce the product at a lower price as opposed to pulling the product before it is fully developed because of lack of demand.
However your scenario is likely should the demand stay high without competition.
Given I don't think USB miners are going to be competitive in the long run, I would like to see all bugs ironed out now so with dwindling demand it will still be cost effective to produce the product at a lower price as opposed to pulling the product before it is fully developed because of lack of demand.
However your scenario is likely should the demand stay high without competition.
I know, and I believe companies should be rewarded for putting in R&D for new products. HOWEVER, their R&D costs most likely have already been recouped many times over from the larger hashing units. Seeing as how the USB gadget is quite simple a device to make if you already have a working ASIC with working firmware, the actual R&D expenses of pulling that miner off won't be very large. And hence I firmly believe these USB miners are just a money grab at the current price.
Put simply, I don't support unbounded greed. As soon as people do the ROI calculations of these devices, their unviability should be apparent.
You can watch deployment here:
https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=14
https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=14
This just proves my point that they're becoming too large too soon. This should be a wake-up call to everyone.
I don't mean to say that they would do something so stupid as try double-spending anything. The point is, they will have the ability, and that alone could cause a lot of problems if people start to question the viability of BTC.
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