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Topic: [Announcement] Block Erupter USB - page 44. (Read 251937 times)

full member
Activity: 126
Merit: 100
May 06, 2013, 11:33:33 AM
friedcat he should lower his price a little bit.

If by little bit you mean 75% less then yeah lets get a lower quote.
legendary
Activity: 1015
Merit: 1000
May 06, 2013, 11:17:07 AM
friedcat he should lower his price a little bit.
sr. member
Activity: 322
Merit: 250
Supersonic
May 06, 2013, 11:11:39 AM
These "people that invested too much in Application Specific Integrated Circuits for Sha-256" will have the biggest part of hashrate. They simply don't let change the algorithm.

That isn't really something miners can dictate.


Mi bedaŭras memvola, sed vole aŭ nevole ministoj havas la povon ;-)

It the miners with the highest part of HR don't switch, the blockchain will fork, with the SHA256 blocks as the main ones, and the others simply orphaned.


NO.
Its upto each client installation to decide what block they will use and validate. If bitcoin issues a new client with new algo going forward, the fork used by most users (especially exchanges and traders) would be the prevailing one.
sr. member
Activity: 252
Merit: 250
May 06, 2013, 11:06:43 AM
These "people that invested too much in Application Specific Integrated Circuits for Sha-256" will have the biggest part of hashrate. They simply don't let change the algorithm.

That isn't really something miners can dictate.


Mi bedaŭras memvola, sed vole aŭ nevole ministoj havas la povon ;-)

It the miners with the highest part of HR don't switch, the blockchain will fork, with the SHA256 blocks as the main ones, and the others simply orphaned.
hero member
Activity: 938
Merit: 1002
May 06, 2013, 10:47:05 AM
These "people that invested too much in Application Specific Integrated Circuits for Sha-256" will have the biggest part of hashrate. They simply don't let change the algorithm.

That isn't really something miners can dictate.

You ask for miner vote in hard forks because you want them to back the fork up with their hash-rate. It is essential for the security of the fork, though it's not essential for switch to happen, it's completely up to the users (merchants, exchanges, etc. included). If miners don't switch, the new fork will be less secure, so there is some influence there.

However, even that doesn't apply for the ASIC situation because you can't make use of that hashrate anyway.

Besides, an algorithm switch would very likely be planned a few years in advance. There will be plenty of time for old hardware to become obsoleted, which is inevitable anyway with advances in ASIC development, even without a protocol change.
sr. member
Activity: 252
Merit: 250
May 06, 2013, 10:24:44 AM
Chance is increasing with every day for Bitcoin and SHA-256 to become obsolete technologies. Sorry to reveal it to you, but Bitcoin is not the future of cryptocoins.

Well, what's the future of cryptocoins, then?

the bitcoin algorithm can be switched

the only pushback will be from people that invested too much in Application Specific Integrated Circuits for Sha-256, but it is possible to continue the hashes in another algorithm, difficulty will plummet for a time

These "people that invested too much in Application Specific Integrated Circuits for Sha-256" will have the biggest part of hashrate. They simply don't let change the algorithm.

https://bitcointalksearch.org/topic/the-asic-miners-an-eventual-danger-for-bitcoin-192380
full member
Activity: 141
Merit: 102
May 06, 2013, 10:10:18 AM
w8 and see what competition does to the price when avalon releases there asic chip info.
sr. member
Activity: 294
Merit: 250
BTC --> ??? --> PROFIT
May 06, 2013, 09:19:50 AM
I know there is already a lot of complaint about the price in this thread, and this post is just going to be a +1.

Do it for <1BTC and I will buy it.
legendary
Activity: 1652
Merit: 1067
Christian Antkow
May 06, 2013, 09:10:07 AM
Vastly overpriced, compared to anything else
The only other real mining product ready to ship are gpus. These are a steal.
Bfl lol one year and yet to ship my 60 ghash unit. They are only in second stage deveopment.

 What the heck are you talking about ?! BFL shipped on April 1st. No joke ! Don't you know anything ?!??
donator
Activity: 980
Merit: 1000
May 06, 2013, 07:44:27 AM

Demand is low and supply is extremely low. Do your math.

Not according to Bitfountain.

What's small too is the window of opportunity for these devices at any price above 0.5BTC.
member
Activity: 112
Merit: 10
May 06, 2013, 07:42:29 AM
People are going to make ROI hand over fist with these!

By people, I mean specifically and only Bitfountain and ASICMINER shareholders... ;-)
sr. member
Activity: 406
Merit: 250
May 06, 2013, 07:34:16 AM
Avalon Asic Chips are about $7 to $8 a piece with 282mh/s

Yes, and that makes me wonder what exactly costs over $200 extra - once all manufacturing costs are removed - with Block Erupter USB. Design? Prada or Gucci maybe?

Supply and demand. Free market.

There is not much demand for this devices at 1.99 BTC. Check around a little before you post more.

Demand is low and supply is extremely low. Do your math.
sr. member
Activity: 406
Merit: 250
May 06, 2013, 07:21:19 AM
Chance is increasing with every day for Bitcoin and SHA-256 to become obsolete technologies. Sorry to reveal it to you, but Bitcoin is not the future of cryptocoins.

Well, what's the future of cryptocoins, then?

the bitcoin algorithm can be switched

the only pushback will be from people that invested too much in Application Specific Integrated Circuits for Sha-256, but it is possible to continue the hashes in another algorithm, difficulty will plummet for a time

I suppose 51% majority must agree on this and it never will, unless there is something wrong with sha-256, which there is not.
sr. member
Activity: 406
Merit: 250
May 06, 2013, 07:20:38 AM
Avalon Asic Chips are about $7 to $8 a piece with 282mh/s

Yes, and that makes me wonder what exactly costs over $200 extra - once all manufacturing costs are removed - with Block Erupter USB. Design? Prada or Gucci maybe?

Supply and demand. Free market.
hero member
Activity: 546
Merit: 500
May 06, 2013, 07:13:34 AM
Chance is increasing with every day for Bitcoin and SHA-256 to become obsolete technologies. Sorry to reveal it to you, but Bitcoin is not the future of cryptocoins.

Well, what's the future of cryptocoins, then?

the bitcoin algorithm can be switched

the only pushback will be from people that invested too much in Application Specific Integrated Circuits for Sha-256, but it is possible to continue the hashes in another algorithm, difficulty will plummet for a time
full member
Activity: 238
Merit: 100
I run Linux on my abacus.
May 06, 2013, 07:12:44 AM
I'm going to assume you will either GPU mine, not mine at all, or consider yourself scammed if you send BTC to BFL.

GPUs are still going strong. Free electricity makes them profitable even now, for a while. I make more BTC by playing the Gox/BTC-e markets however, so it's just a matter of "when do I bother turning my GPU rigs off". And BFL... don't make me laugh...

Anyway, the point is that these Asicminer USB thingamajingas aren't something to buy if you intend to invest for profit. Even GPUs are better because their resale value doesn't just evaporate. Sure, buy them for the novelty value, but an investment they're not, and you shouldn't try to pass them off as such. Of course, it's your bitcoins so...
hero member
Activity: 531
Merit: 505
May 06, 2013, 06:58:35 AM
Chance is increasing with every day for Bitcoin and SHA-256 to become obsolete technologies. Sorry to reveal it to you, but Bitcoin is not the future of cryptocoins.

Well, what's the future of cryptocoins, then?
full member
Activity: 238
Merit: 100
I run Linux on my abacus.
May 06, 2013, 06:29:38 AM
These are a steal.

Indeed! I would consider myself robbed if I were to buy these with any kind of a ROI in mind Wink
full member
Activity: 182
Merit: 100
Finding Satoshi
May 06, 2013, 05:21:41 AM
Random miner/investor says: This is over priced! Shocked
That is your opinion, and you are entitled to one.

And still group buy threads are created and reach > 300 units each, so obviously the market does not agree with you.

The price WILL come down, don't worry, this is just the first batch.
Go ahead and buy Avalon/BFL/FPGA/GPU/something else that gives you more Ghz/BTC until that happens.

I think people are stressed about it because they really really want one, but the ROI doesn't perfectly justify the purchase.

This happens a lot with electronics. I make a habit of buying second hand, or at least wait until the craze is over. However, if it's something I really want right now, I do pay the "insane" amount, even if it's not justified with return.

This is such a case, I think. It really doesn't have to pay for itself; it's an awesome development and I want to have the damn thing as a trophy. If it pays for itself in a couple of years, I'd be even happier.

This device isn't for professional miners, period. If you are planning to plug hundreds of these to a hub, you are probably mislead, though I'm sure retail vendors would likely be "testing" these miners until they are sold. Wink Come to think of it, you can buy 300 of these and sell them with an ever reducing mark-up this way.


Yes I agree that these gadgets are not meant to replace the big boys (i.e. ASICs).

But I'm just suggest how better pricing could satisfy both the curious person who wants a couple of these to play around with (for fun), AND the more business-oriented person who wants to a dozen because he/she can't afford the risk in paying/waiting for an Avalon or another comparable $$$$ unit that can't be scaled back (I don't consider the BFL 4.5GH-5GH'er an actual product at this moment).
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