[Announcement] Block Erupter USB - page 38.

shapemaker

full member

Activity: 238

Merit: 100

I run Linux on my abacus.

Quote from: Adrian-x on May 09, 2013, 12:08:54 PM

The price doesn't come down without consumer's investment in purchasing product, by my calculations a distributed network adds value to my BTC, and I think a USB miner in the hands of every person invested in Bitcoin is much safer than all AM chips mining for shareholders

If you keep buying the USB miners at that ridiculous price, they have no incentive to lower the price. The only thing this USB miner will do for Bitcoin is to add more of them to ASICMINER's coffers.

See, ASICMINER can't deploy too much extra hashpower yet until Avalon/BFL ship more of their units since they'd be nearing hashrates with which they could conceivably execute double spends. Even the threat of that possibility should be enough to deter them since that would most likely erode confidence in BTC.

tvbcof

legendary

Activity: 4760

Merit: 1283

Quote from: Adrian-x on May 09, 2013, 12:08:54 PM

Quote from: wrenchmonkey on May 09, 2013, 10:18:24 AM

If you want it for your time capsule, that's cool too. But we all know that ASICMiner is preying on the people who are too stupid to do math. Roll Eyes

The price doesn't come down without consumer's investment in purchasing product, by my calculations a distributed network adds value to my BTC, and I think a USB miner in the hands of every person invested in Bitcoin is much safer than all AM chips mining for shareholders.

So I am buying a couple to stimulate demand. The way I see it: it is a hardware dongle that allows your BTC wallet (be your own bank) to accumulate interest by providing transaction services to the network). The distributed network being a foundation design element in the Bitcoin Idea.

I was buying BTC at the end of 2011 (in the $2-ish/BTC range) for the same reason (providing demand), or at least that was a legitimate part of what was driving my actions. Almost everyone was saying it was stupid because they were

1) incapable of visualizing anything but the money aspect of things

2) following the herd mentality which was that Bitcoin was dead.

I see devices such as Block Erupter as being a hugely positive thing for the health of the distributed crypto-currency world in both obvious and more difficult to explain ways.

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.

Adrian-x

legendary

Activity: 1372

Merit: 1000

Quote from: wrenchmonkey on May 09, 2013, 10:18:24 AM

If you want it for your time capsule, that's cool too. But we all know that ASICMiner is preying on the people who are too stupid to do math. Roll Eyes

The price doesn't come down without consumer's investment in purchasing product, by my calculations a distributed network adds value to my BTC, and I think a USB miner in the hands of every person invested in Bitcoin is much safer than all AM chips mining for shareholders.

So I am buying a couple to stimulate demand. The way I see it: it is a hardware dongle that allows your BTC wallet (be your own bank) to accumulate interest by providing transaction services to the network). The distributed network being a foundation design element in the Bitcoin Idea.

Boelens

hero member

Activity: 672

Merit: 500

Quote from: augustocroppo on May 08, 2013, 08:11:33 PM

Quote from: Boelens on May 08, 2013, 07:28:18 PM

Quote from: arklan on May 04, 2013, 02:15:25 PM

Quote from: noedaRDH on May 04, 2013, 02:14:17 PM

I don't have enough USB ports to power 300 of these at once.

heheheh... that'd be one heck of a set up.

You'd need a whole lotta hubs, and a whole lotta adapters for these hubs.

http://www.engadget.com/2009/07/23/cambrionix-49-port-usb-hub-for-professionals-nerds/

Quote

Cambrionix 49-port USB hub for professional nerds

It's designed for professional test labs or even businesses where host-rigs must be protected against faulty USB devices. But there's nothing stopping you from decorating a living-room wall with this second-generation 49-port USB 2.0 hub from Cambrionix. Unless you consider the cost -- £399 / $657 (plus tax) -- or the fact that it requires an ATX-2 power supply to push 500mA across all 49-ports significant deterrents.

You'd still need a very good power supply for all these USB sticks though.

wrenchmonkey

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Activity: 224

Merit: 100

Quote from: logicbomb666 on May 09, 2013, 12:07:18 AM

Quote from: wrenchmonkey on May 08, 2013, 03:41:04 PM

Then again, it takes a special kind of twat to buy these things at this price, and yet they're filling up group buys left and right.

It would take a special kind of twat to assume he/she understands every possible situation that every possible person in the world could be in, and then past judgement on their actions.

If you want it for your time capsule, that's cool too. But we all know that ASICMiner is preying on the people who are too stupid to do math. Roll Eyes

Maciek

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Activity: 254

Merit: 100

What is the timeframe for the first batch of Block Erupter USB to be delivered to clients?

tvbcof

legendary

Activity: 4760

Merit: 1283

Quote from: logicbomb666 on May 09, 2013, 12:07:18 AM

Quote from: wrenchmonkey on May 08, 2013, 03:41:04 PM

Then again, it takes a special kind of twat to buy these things at this price, and yet they're filling up group buys left and right.

It would take a special kind of twat to assume he/she understands every possible situation that every possible person in the world could be in, and then past judgement on their actions.

Well said. Mine may never mine any kind of crypto-currency. May never even be powered on for that matter.

That's assuming I get it at all. IMHO it would take a special kind of twat to have ordered a BFL a year ago, and extra-special one to have ordered one after the dirt started appearing, and a super-extra-special kind not to have grabbed a re-fund while it was still possible for those who made the mistake in the first place.

penta

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Activity: 114

Merit: 20

Quote from: GodHatesFigs on May 08, 2013, 10:54:38 PM

Quote from: seleme on May 08, 2013, 05:45:47 PM

Quote from: PeZ on May 08, 2013, 10:28:20 AM

Quote from: velacreations on May 08, 2013, 09:49:01 AM

Dividend for today is: 0.011 per share

Is that good or bad?

Good for those that bought it at IPO, shit for those that will buy it at 1.20 BTC per share and have to wait 110 weeks (2 years) for ROI.

Of course, there are around 375 AM shareholders who'd try to make you believe I'm talking crap and it's wonderful opportunity. You decide if you're gonna be a or not.

This

P/E ratio of 2 not taking into consideration company growth, what a terrible price!

logicbomb666

sr. member

Activity: 260

Merit: 250

Quote from: wrenchmonkey on May 08, 2013, 03:41:04 PM

Then again, it takes a special kind of twat to buy these things at this price, and yet they're filling up group buys left and right.

It would take a special kind of twat to assume he/she understands every possible situation that every possible person in the world could be in, and then past judgement on their actions.

GodHatesFigs

full member

Activity: 557

Merit: 101

Quote from: seleme on May 08, 2013, 05:45:47 PM

Quote from: PeZ on May 08, 2013, 10:28:20 AM

Quote from: velacreations on May 08, 2013, 09:49:01 AM

Dividend for today is: 0.011 per share

Is that good or bad?

Good for those that bought it at IPO, shit for those that will buy it at 1.20 BTC per share and have to wait 110 weeks (2 years) for ROI.

Of course, there are around 375 AM shareholders who'd try to make you believe I'm talking crap and it's wonderful opportunity. You decide if you're gonna be a or not.

This

augustocroppo

vip

Activity: 756

Merit: 504

Quote from: Boelens on May 08, 2013, 07:28:18 PM

Quote from: arklan on May 04, 2013, 02:15:25 PM

Quote from: noedaRDH on May 04, 2013, 02:14:17 PM

I don't have enough USB ports to power 300 of these at once.

heheheh... that'd be one heck of a set up.

You'd need a whole lotta hubs, and a whole lotta adapters for these hubs.

http://www.engadget.com/2009/07/23/cambrionix-49-port-usb-hub-for-professionals-nerds/

Quote

Cambrionix 49-port USB hub for professional nerds

It's designed for professional test labs or even businesses where host-rigs must be protected against faulty USB devices. But there's nothing stopping you from decorating a living-room wall with this second-generation 49-port USB 2.0 hub from Cambrionix. Unless you consider the cost -- £399 / $657 (plus tax) -- or the fact that it requires an ATX-2 power supply to push 500mA across all 49-ports significant deterrents.

Boelens

hero member

Activity: 672

Merit: 500

Quote from: arklan on May 04, 2013, 02:15:25 PM

Quote from: noedaRDH on May 04, 2013, 02:14:17 PM

I don't have enough USB ports to power 300 of these at once.

heheheh... that'd be one heck of a set up.

You'd need a whole lotta hubs, and a whole lotta adapters for these hubs.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: PeZ on May 08, 2013, 10:28:20 AM

Quote from: velacreations on May 08, 2013, 09:49:01 AM

Dividend for today is: 0.011 per share

Is that good or bad?

Good for those that bought it at IPO, shit for those that will buy it at 1.20 BTC per share and have to wait 110 weeks (2 years) for ROI.

Of course, there are around 375 AM shareholders who'd try to make you believe I'm talking crap and it's wonderful opportunity. You decide if you're gonna be a or not.

Adrian-x

legendary

Activity: 1372

Merit: 1000

http://www.everythingusb.com/
The link above is a great place to announce your product - or even advertise. (it's on my read list)

Feel free to shower me in Bitcoin if it pans out. (See my signature)

GodHatesFigs

full member

Activity: 557

Merit: 101

Quote from: wrenchmonkey on May 08, 2013, 03:41:04 PM

Quote from: SilentSonicBoom on May 08, 2013, 02:12:29 AM

I am buying at least two in the US/Canada group buy. I like the idea so much I even started a little mining IPO called TURTLE MINING using these USB miners

It would take a special kind of twat to buy into an IPO of 600Mhash that will never break even on the purchase price. Then again, it takes a special kind of twat to buy these things at this price, and yet they're filling up group buys left and right.

7Billion people in the world. Gotta be a few thousand of the special kind of twat, right? Roll Eyes

Hey man, fools and their money are lucky enough to get together in the first place; they were bound to part ways sooner or layer Cheesy

SilentSonicBoom

sr. member

Activity: 336

Merit: 250

Yes. You are correct. IPO has been canceled.

wrenchmonkey

full member

Activity: 224

Merit: 100

Quote from: SilentSonicBoom on May 08, 2013, 02:12:29 AM

I am buying at least two in the US/Canada group buy. I like the idea so much I even started a little mining IPO called TURTLE MINING using these USB miners

It would take a special kind of twat to buy into an IPO of 600Mhash that will never break even on the purchase price. Then again, it takes a special kind of twat to buy these things at this price, and yet they're filling up group buys left and right.

7Billion people in the world. Gotta be a few thousand of the special kind of twat, right? Roll Eyes

gog1

hero member

Activity: 756

Merit: 500

Can they be overclocked?

Derringer

newbie

Activity: 19

Merit: 0

Quote from: lophie on May 08, 2013, 10:49:55 AM

Quote from: PeZ on May 08, 2013, 10:28:20 AM

Quote from: velacreations on May 08, 2013, 09:49:01 AM

Dividend for today is: 0.011 per share

Is that good or bad?

-_-!, Let me put it this way. I am dancing balalaika right now, I am not even Russian!

Ka-ching!

My own shares are outperforming my mining this week, then.

Serious questions about these devices' implementation of Icarus protocol though:

(1) are they interruptible (sending down a new work unit discards the one in progress immediately) to minimize stales? This is a headache with my BFL FPGAs.
(2) If not interrupted, will they scan the entire noncerange or abort after hitting a share?
(3) Do they report found shares immediately or at the end of the work?
(4) Do they implement notification on exhausting the noncerange without finding a share?

I ask this because I'm considering rolling a little custom miner app just for them. Wink

lophie

hero member

Activity: 924

Merit: 1003

Unlimited Free Crypto

Quote from: PeZ on May 08, 2013, 10:28:20 AM

Quote from: velacreations on May 08, 2013, 09:49:01 AM

Dividend for today is: 0.011 per share

Is that good or bad?

-_-!, Let me put it this way. I am dancing balalaika right now, I am not even Russian!

Topic: [Announcement] Block Erupter USB - page 38. (Read 252071 times)