Topic: [Announcement] Block Erupter USB - page 45. (Read 252071 times)

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.

+1

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.

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?

following it closely!

Friedcat,

I just replied.

https://bitcointalksearch.org/topic/klondike-1-avalon-asic-chip-mini-usb-miner-196281

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!

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..

PM sent

hopefully even lower than $40 for 300 MH/s

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.

I know you don't, if you cared you wouldn't try to sell me those altruistic ideas 

If you are in USA, I have a group buy here: https://bitcointalksearch.org/topic/closed-usacanada-buy-1-19350-asicminer-erupter-usb-203496-each-5-units-195647

You can't even imagine how less I care.

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

 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 ?

I don't mind that, they were first, they did a job, they make a killing, good for them... just spare me of altruistic moments and excuses, please, I'm not a kid for some time now. They are using their advances position and network of their shareholders to pump and sell their stuff at ultra inflated prices and there is zero altruistic stuff in it. It's money, money, money baby, nothing else at all.

I agree that the fact that they have 200 th coming in the near future is extremely disconcerting and that asicminer should basically just become an asic miner seller. As it stands, it seems like they basically have a network monopoly right now and are only choosing to keep hardware offline because having it online would cause a huge dip in BTC price. The fact still remains that they have too big a portion.

Suddenly the Avalons look like a steal even at 100 BTC.