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Topic: [Announcement] Block Erupter USB - page 45. (Read 251998 times)

hero member
Activity: 938
Merit: 1002
May 06, 2013, 05:12:34 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.
sr. member
Activity: 330
Merit: 250
May 06, 2013, 04:55:43 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.
full member
Activity: 196
Merit: 100
May 06, 2013, 04:44:42 AM
Vastly overpriced, compared to anything else
full member
Activity: 238
Merit: 100
I run Linux on my abacus.
May 06, 2013, 04:40:57 AM
After crunching some numbers, these Erupter sticks are still vastly overpriced.
[...]
Avalon doesn't offer this option to scale things down according to one's budget. I believe these sticks would fill the gap for many people out there who don't want to sit for months on an ASIC preorder and don't want to deal with GPU mining at this point. They just need to bring the price down.

Very well said.

I would only like to add that Avalon chips being generally available through the several group buys do fill the gap between (soon obsolete) GPUs and full Avalon units. However, since the smallest currently planned design fits 10 Avalon chips per unit, you're still looking at a 150+ USD / 120+ euro "investment" even then. Had Asicminer priced these USB sticks competitively, they'd been able to fill the low-end niche before DIY Avalon boards become available en masse. They still could, but I doubt that.

I foresee a DIY one-chip Avalon USB module being the thing people want, as it will have a realistic price point instead of this novelty item.
legendary
Activity: 1015
Merit: 1000
May 06, 2013, 04:20:34 AM
After crunching some numbers, these Erupter sticks are still vastly overpriced.

Let's suppose we order an Avalon B3 @ the listed price of 73BTC's. Let's assume that it gets an average of 60GH/S (60,000MH/S). For one Avalon it would cost about $8,000 USD.

To get 60GH/s out of these mining sticks (300MH/s each), you'd need 200 of these sticks.

If each stick costs $240 USD (assume that 1BTC = $120 USD), you're looking at a price tag of $48,000 USD to have the same hashing power as Avalon.

That's way too expensive. You have to spend 6x the price of an Avalon to get the same hashing power.

If each stick was 1/6 of its current price of 2BTC ($40 USD instead of $240 USD), then the price would be much more competitive.

Should to price come down to near $40 USD/stick, and should these sticks be produced in massive quantity within a reasonable timeframe, I could forsee these sticks being competitive against Avalon.

In fact, if the price per stick was lowered, investing in a bunch of stick miners would be advantageous for someone who is not looking to invest anywhere near Avalon's asking price. Instead of spending 8k, why not test the waters and spend $1,000 to get 6GH?

Avalon doesn't offer this option to scale things down according to one's budget. I believe these sticks would fill the gap for many people out there who don't want to sit for months on an ASIC preorder and don't want to deal with GPU mining at this point. They just need to bring the price down.

+1
full member
Activity: 182
Merit: 100
Finding Satoshi
May 06, 2013, 04:15:03 AM
After crunching some numbers, these Erupter sticks are still vastly overpriced.

Let's suppose we order an Avalon B3 @ the listed price of 73BTC's. Let's assume that it gets an average of 60GH/S (60,000MH/S). For one Avalon it would cost about $8,000 USD.

To get 60GH/s out of these mining sticks (300MH/s each), you'd need 200 of these sticks.

If each stick costs $240 USD (assume that 1BTC = $120 USD), you're looking at a price tag of $48,000 USD to have the same hashing power as Avalon.

That's way too expensive. You have to spend 6x the price of an Avalon to get the same hashing power.

If each stick was 1/6 of its current price of 2BTC ($40 USD instead of $240 USD), then the price would be much more competitive.

Should to price come down to near $40 USD/stick, and should these sticks be produced in massive quantity within a reasonable timeframe, I could forsee these sticks being competitive against Avalon.

In fact, if the price per stick was lowered, investing in a bunch of stick miners would be advantageous for someone who is not looking to invest anywhere near Avalon's asking price. Instead of spending 8k, why not test the waters and spend $1,000 to get 6GH?

Avalon doesn't offer this option to scale things down according to one's budget. I believe these sticks would fill the gap for many people out there who don't want to sit for months on an ASIC preorder and don't want to deal with GPU mining at this point. They just need to bring the price down.
full member
Activity: 148
Merit: 102
May 06, 2013, 02:33:05 AM
Wondering after the network difficulty has quadrupled in 3-4 months how much these will be going for on ebay?

Think they'll muster 50 bucks?
donator
Activity: 2352
Merit: 1060
between a rock and a block!
May 05, 2013, 10:23:59 PM
Avalon Asic Chips are about $7 to $8 a piece with 282mh/s and you make a USB/pcb and they you go, a usb mining chip.. need to find out
the costs to make this pcb to add in a chip, maybe in due time..

https://bitcointalksearch.org/topic/klondike-1-avalon-asic-chip-mini-usb-miner-196281
following it closely! Smiley
member
Activity: 109
Merit: 10
May 05, 2013, 10:08:37 PM
Friedcat,

I just replied.

hero member
Activity: 812
Merit: 505
The Last NXT Founder
May 05, 2013, 10:05:50 PM
Avalon Asic Chips are about $7 to $8 a piece with 282mh/s and you make a USB/pcb and they you go, a usb mining chip.. need to find out
the costs to make this pcb to add in a chip, maybe in due time..

https://bitcointalksearch.org/topic/klondike-1-avalon-asic-chip-mini-usb-miner-196281
donator
Activity: 2352
Merit: 1060
between a rock and a block!
May 05, 2013, 09:39:53 PM
more erupter blades would be nice instead of a huge amount of USB Sticks.
Rest assured, they will make more blades and bring them online.
They will order the next batch of chips, sell some on a USB stick which will pay for the remaining chips to be made into blades and then they will bring the blades online.
Oh, and they may auction of a few dozen blades to cover some other costs...
Brilliant on their part from a business stand point! Smiley
sr. member
Activity: 406
Merit: 250
May 05, 2013, 09:13:47 PM
Avalon Asic Chips are about $7 to $8 a piece with 282mh/s and you make a USB/pcb and they you go, a usb mining chip.. need to find out
the costs to make this pcb to add in a chip, maybe in due time..
donator
Activity: 2352
Merit: 1060
between a rock and a block!
May 05, 2013, 09:06:53 PM
If anyone in the US is planning to do a group order, throw me a message. Have some investors who want to pick up a few of these for our farm (I run the farm, they pay for hardware and pull dividends, like a ghetto ASIC Miner Cheesy).
PM sent
donator
Activity: 2352
Merit: 1060
between a rock and a block!
May 05, 2013, 09:06:01 PM
Reserved for extension of contents.

The USB stick miner is going to bring BitCoin to the masses, beyond the geeks and hardcore or occasional miners.  This will make it mainstream.

Make this THE toy to buy for Christmas!!!

Congrats on making history!


How good Christmas  present it would be if you stick it t the back of your pc and and let it mine? Where is the fun in that? Are you going to stare at it all day long and wait for blue led blinks?

At the end of the day it is a tool to mine and it always will be. It cant be used for anything else. It will only make to mainstream if its priced right ($40-$50) a pop. How many people from outside bitcoin community will be willing to pay over $200 for it? Well not many as I have already spoken to people about it and reaction is almost the same.. to expensive.
Wait a year and they will go for $40 ;-)


hopefully even lower than $40 for 300 MH/s
donator
Activity: 2352
Merit: 1060
between a rock and a block!
May 05, 2013, 09:05:00 PM
Reserved for extension of contents.

The USB stick miner is going to bring BitCoin to the masses, beyond the geeks and hardcore or occasional miners.  This will make it mainstream.

Make this THE toy to buy for Christmas!!!

Congrats on making history!


How good Christmas  present it would be if you stick it t the back of your pc and and let it mine? Where is the fun in that? Are you going to stare at it all day long and wait for blue led blinks?

At the end of the day it is a tool to mine and it always will be. It cant be used for anything else. It will only make to mainstream if its priced right ($40-$50) a pop. How many people from outside bitcoin community will be willing to pay over $200 for it? Well not many as I have already spoken to people about it and reaction is almost the same.. to expensive.
I think you missed the big picture and the importance of this technical milestone.
By Christmas I expect USB stick miners to be super cheap!  I also see them functioning as a Flash drive also.  You can combine both functionalities into 1.
When we give our nick-nacks to customers, I'd love to give out a flash drive with our marketing material AND a bitcoin miner. get this out to the masses, beyond techies and geeks.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
May 05, 2013, 09:02:30 PM
That doesn't stop me to think that you've lost your mind and definitely doesn't make me think that you bought it to support a network

You can't even imagine how less I care.

I know you don't, if you cared you wouldn't try to sell me those altruistic ideas  Grin
donator
Activity: 2352
Merit: 1060
between a rock and a block!
legendary
Activity: 1652
Merit: 1067
Christian Antkow
May 05, 2013, 08:47:43 PM
That doesn't stop me to think that you've lost your mind and definitely doesn't make me think that you bought it to support a network

You can't even imagine how less I care.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
May 05, 2013, 08:42:14 PM
reinvest what with 300mh Mr Altruism?

 Easy there cowboy. Actually, with the 10 I've just committed to purchasing, that will add 3GH/s to my existing farm at a negligible hit to my monthly electrical costs.

 I've been mining for a couple years and am sitting on a pile of Bitcoins to spend. What do you care what I spend them on ?

You can't even imagine how less I care. That doesn't stop me to think that you've lost your mind and definitely doesn't make me think that you bought it to support a network, lol
legendary
Activity: 1652
Merit: 1067
Christian Antkow
May 05, 2013, 08:00:44 PM
reinvest what with 300mh Mr Altruism?

 Easy there cowboy. Actually, with the 10 I've just committed to purchasing, that will add 3GH/s to my existing farm at a negligible hit to my monthly electrical costs.

 I've been mining for a couple years and am sitting on a pile of Bitcoins to spend. What do you care what I spend them on ?
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