[Announcement] Block Erupter USB - page 48.

wrenchmonkey

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Quote from: sgravina on May 05, 2013, 05:32:17 AM

Cute.

The correct price is what people will pay.

I'm not buying at this price because I expect the price will drop a lot.

Yes and no. The correct price is the price that maximizes their OVERALL profit (not per-unit) and gives their investors the greatest return.

2BTC is a 'get-rich quick' price that will quickly taper off into irrelevance. I imagine their plan is probably to sell at 2BTC for the first couple of weeks, until they've swept up all the 'tards who can't do math, and think buying NOW will make it profitable. Then drop the price to 1.5BTC to pick up the 'tards who think they can turn a profit at that price. Then drop to 1BTC and pick up the fence sitters who don't mind if they ONLY break even.

Then they'll drop to .5BTC and sell to people who can do math... Wink

Achiron

newbie

Activity: 10

Merit: 0

After watching both auctions take place it's clear ASIC Miner are pretty exceptional at not only gaining themselves 15 TH/s of the market early in-house but also getting people to swallow a massively overinflated price for their ASICs. The auctioned Blades were bought far overpriced and are now being used to justify 2 BTC for a 300 MH/s unit, they know pretty well that that's a poor investment price point. 0.5 or <1.0 BTC potentially. I applaud them though they stand to make a lot of money through both methods.

yolo2222

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Activity: 168

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Quote from: Syke on May 05, 2013, 09:44:02 AM

Quote from: BlackLilac Grant on May 05, 2013, 06:19:51 AM

Of course they will be cheap in a year, but each of our USBs will have mined ~ 2.5 - 3 Bitcoins by then.

You wish. Difficulty is going up a lot. You'll be lucky to mine a single btc in the next year.

+1

I agree. The prices are insane.

This will only make profit for wholesellers or ebaysellers. ( and ofcourse the shareholders of ASICMINER)

Still it is an awesome gadget to have!
I think this comes quite handy when introducing people to bitcoin and how the system works.

I WANT ONE!! Grin

Syke

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Activity: 3878

Merit: 1193

Quote from: BlackLilac Grant on May 05, 2013, 06:19:51 AM

Of course they will be cheap in a year, but each of our USBs will have mined ~ 2.5 - 3 Bitcoins by then.

You wish. Difficulty is going up a lot. You'll be lucky to mine a single btc in the next year.

arklan

legendary

Activity: 1778

Merit: 1008

Quote from: lophie on May 05, 2013, 12:56:54 AM

Where is appropriate to open a group buy thread? Tongue

already got it going for US/canada. john k doing escrow.
https://bitcointalksearch.org/topic/asicminer-usb-group-buy-orders-closed-pay-for-extra-195052

Newar

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https://gliph.me/hUF

Quote from: reactor on May 05, 2013, 08:57:37 AM

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

).

At least two here: https://bitcointalk.org/index.php?board=76.0

Edit: Three.
https://bitcointalksearch.org/topic/asicminer-usb-group-buy-orders-closed-pay-for-extra-195052
https://bitcointalksearch.org/topic/group-buy-eastern-usa-block-erupter-usb-lowest-fee-195843
https://bitcointalksearch.org/topic/closed-usacanada-buy-1-19350-asicminer-erupter-usb-203496-each-5-units-195647

reactor

sr. member

Activity: 420

Merit: 250

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

).

Bogart

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Activity: 966

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Quote from: Come-from-Beyond on May 05, 2013, 04:55:18 AM

Quote from: friedcat on May 04, 2013, 08:39:52 AM

Specification
Color: Green
Hashrate: >300MH/s
Mining Protocol: Icarus

Does the color really matter? I would rather knew its weight.

Also the dimensions of the PCB and heatsink.

bigbeninlondon

hero member

Activity: 742

Merit: 500

Quote from: ?? on ??

Given the price and the power, I see this more as a way to make Bitcoin more distributed than a way to make money.
Though I still think it would be best if Bitcoin only ran on commodity hardware.

You also have to remember that some of us don't really want to make insane profits but rather want a way to retrieve bitcoin not connected with the exchanges. Mining takes the bitcoin attached to my identity and converts it into bitcoin not attached to my identity. If I can break even then that's worth it to me.

r3animation

hero member

Activity: 756

Merit: 500

I think this is fantastic... except for its price so I'll probably give it a skip.

BlackLilac Grant

member

Activity: 72

Merit: 10

Quote from: JimiQ84 on May 05, 2013, 05:30:32 AM

Quote from: LordTheron on May 05, 2013, 05:29:02 AM

Quote from: CanaryInTheMine on May 05, 2013, 12:29:46 AM

Quote from: friedcat on May 04, 2013, 08:40:23 AM

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 ;-)

Of course they will be cheap in a year, but each of our USBs will have mined ~ 2.5 - 3 Bitcoins by then.

pornluver

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Merit: 514

Okay I'll buy two.

SebastianJu

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Legendary Escrow Service - Tip Jar in Profile

Quote from: ffernandex on May 04, 2013, 11:14:19 PM

Can these be used for scrypt --litecoins, feathercoins?

There are plenty of SHA-256 Coins you can mine instead. For example freicoin has the same profitability like feathercoins have in the moment. So if you want to mine other coins you can.

Quote from: chaxattack on May 05, 2013, 01:53:10 AM

Anyone know where I could find a cheap usb hub that will handle the increased (above spec.) power needs?

I would check out amazon and search for hubs with usb loading connectors that can deliver more ampere. Used for loading up smartphones and similar. For example something like this: UNITEK Y-3181. Its usb 3 hub, thats probably not needed but it has loading ports. When you found a working hub you still can search on google shopping for lower priced units of this model.

Quote from: LordTheron on May 05, 2013, 05:29:02 AM

Quote from: CanaryInTheMine on May 05, 2013, 12:29:46 AM

Quote from: friedcat on May 04, 2013, 08:40:23 AM

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.

Christmas presents are presented from others. And many miners got much money from mining bitcoins and can afford to give away such presents. Those persons doesnt have the profit in mind anymore but the safety of the network is more important. Because this safety on the other hand is protecting their bitcoins.
Anyway... there will be enough buyers so complaining about the price is pointless.

sgravina

sr. member

Activity: 451

Merit: 250

Cute.

The correct price is what people will pay.

I'm not buying at this price because I expect the price will drop a lot.

JimiQ84

sr. member

Activity: 406

Merit: 250

Quote from: LordTheron on May 05, 2013, 05:29:02 AM

Quote from: CanaryInTheMine on May 05, 2013, 12:29:46 AM

Quote from: friedcat on May 04, 2013, 08:40:23 AM

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 ;-)

LordTheron

full member

Activity: 197

Merit: 100

Quote from: CanaryInTheMine on May 05, 2013, 12:29:46 AM

Quote from: friedcat on May 04, 2013, 08:40:23 AM

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.

pornluver

hero member

Activity: 960

Merit: 514

What's the price? I'll buy 1 and my partner will buy 10

Noitev

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Activity: 812

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The Last NXT Founder

Quote from: Come-from-Beyond on May 05, 2013, 04:55:18 AM

Quote from: friedcat on May 04, 2013, 08:39:52 AM

Specification
Color: Green
Hashrate: >300MH/s
Mining Protocol: Icarus

Does the color really matter? I would rather knew its weight.

Man if it was purple, I'd pay 3 btc for it...

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: friedcat on May 04, 2013, 08:39:52 AM

Specification
Color: Green
Hashrate: >300MH/s
Mining Protocol: Icarus

Does the color really matter? I would rather knew its weight.

lophie

hero member

Activity: 924

Merit: 1001

Unlimited Free Crypto

Quote from: ?? on ??

... if it wasn't priced at more than a Jalapeno with significantly less hashrate.

Except those don't exist. Not until BFL actually ship them. Spare me the discussion of 6 ppl receiving them. That is like a satoshi to a bitcoin of their total orders, Simply doesn't count. And if you considered the new lowest amount to relay a transaction suggestion. Then they Literally don't count.

Topic: [Announcement] Block Erupter USB - page 48. (Read 251998 times)