They cubes were obsolete before they even came to market.
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Topic: ASICminer cubes and blades, obsolete? - page 2. (Read 2667 times)
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As long as it covers the electric costs its profitable.
Hopefully the Bitcoin price is about to break out of this $1000 range soon which might help us poor miners out.
Hopefully the Bitcoin price is about to break out of this $1000 range soon which might help us poor miners out.
But to play this game like a boss you need to dump the old technology during the golden window.
Im putting all my blades and cubes up for auction on eBay this week !! You only have maybe 4 weeks at the most befor they won't even cover the power cost .. Blades are still going for 150$-300$ each on eBay and the cubes are being sold for about 400$-600$ each.. Prices will drop like a rock in next few weeks.. Im going to try to sale all that I have running this week and recover anything i can even if its only 100$ per blade its better then nothing. I don't have many transactions on eBay so hopefully people will bid lol .......
I will take a couple at 100 if your dumping them.
As long as it covers your electric costs its still profitable.
Hopefully the Bitcoin price is about to break out of this $1000 range, which might help us poor miners out.
I have no idea why people buy Butterfly 65nm and Cubes instead of 55nm Bitfury miners which are 25GH/25W normal and 45GH/70W overclocked (w/heatsink & fan).
I've got 270GH mining on 415W on cruddy 83% efficient PSU.
The Bitcoins it produces are worth 40x my power costs.
Always remember mining profit = how much you can beat your energy bill (not how any bitcoins you can make!)
Hopefully the Bitcoin price is about to break out of this $1000 range, which might help us poor miners out.
I have no idea why people buy Butterfly 65nm and Cubes instead of 55nm Bitfury miners which are 25GH/25W normal and 45GH/70W overclocked (w/heatsink & fan).
I've got 270GH mining on 415W on cruddy 83% efficient PSU.
The Bitcoins it produces are worth 40x my power costs.
Always remember mining profit = how much you can beat your energy bill (not how any bitcoins you can make!)
I started dumping my cubes today on amazon/ebay. Now I'm only ordering equipment that's 200+ghz (mostly the antminers)
Might still be useful for alt SHA-256 coins but it's too late for BTC now
All alt sha256 are lower value than BTC, so , useless ...
The thinking is more would be accumulated, and there would be greater leverage on gains when picking the correct alt coin to trade against BTC. The trick is picking the correct alt coin, and the odds are stacked against someone doing that hence part of the risk/reward model that rewards largely, but less often, to those who take the most risk. Adding another layer of risk, speculating on emerging coins, is usually too much for most of us to stomach; I certainly don't want to bother, for me BTC is the risky one, and all the other coins I might as well play Satoshi Dice. But that might shift in two months depending on the price of BTC or my power costs... If this were a craps table and BTC were a pass line bet, all the alt coins are like the "hard way" bets, they have the potential to pay out higher, but the odds are against you on picking the right one. And value is relative, the idea is to trade against BTC or cash or whatever with the other coin, then through trade to obtain more than you could by mining directly. It's the same reason nations have imports and exports, they leverage the resources available to trade for greater amounts of things they lack resources to create and thus meet demand and achieve optimal profits.
I still maintain that success in this, being highly speculative, is based primarily on the future market value of the underlying output: BTC. If BTC keeps trending up towards $2k then it's a much different story than forecasting based on present value. The difference is when these are actually purchased with BTC, at that point then yes, the goal is to mine back as much as was spent. Cash for equipment has a slightly different model because the medium of exchange, I mean if a cube costs $600 USD and mines .2 BTC, but that .2 BTC ends up being worth $1,200 someday it's a win. If you spend .4 BTC to buy it, then the goal is to mine back at least .4 BTC... Some people might be running conversions on their cash purchases, but with something that fluctuates as wildly as BTC it doesn't make much sense to do that as the cost is remembered/recorded in the actual tender used.
Im putting all my blades and cubes up for auction on eBay this week !! You only have maybe 4 weeks at the most befor they won't even cover the power cost .. Blades are still going for 150$-300$ each on eBay and the cubes are being sold for about 400$-600$ each.. Prices will drop like a rock in next few weeks.. Im going to try to sale all that I have running this week and recover anything i can even if its only 100$ per blade its better then nothing. I don't have many transactions on eBay so hopefully people will bid lol .......
They cubes were obsolete before they even came to market.
Might still be useful for alt SHA-256 coins but it's too late for BTC now
All alt sha256 are lower value than BTC, so , useless ...
Might still be useful for alt SHA-256 coins but it's too late for BTC now
They are obsolete the ghash watt ratio is so much more than bitmain chips. i still wonder why people bought these cubes
Wondering what the general consensus is here, are cubes and blades considered obsolete due to their power consumption?
Over got around 225ghs, running mainly cubes and blades, but I liked these products because they allowed me the freedom to "grow into" this hobby. Seems like the newer stuff you buy the whole rig and it's a bigger investment up front, as it should be. I liked how ASICminer always seemed to position their stuff as a "system"- blades tied into the backplane, and cubes have locking notches and rather good price point compared to similar offerings from BfL. I get the impression they are less desirable now though, is this mainly because of power consumption? Crazy how fast this hardware race moves... I'm still a bit surprised to see people coming into mining and dropping over $1k on a miner before learning the ropes...
Over got around 225ghs, running mainly cubes and blades, but I liked these products because they allowed me the freedom to "grow into" this hobby. Seems like the newer stuff you buy the whole rig and it's a bigger investment up front, as it should be. I liked how ASICminer always seemed to position their stuff as a "system"- blades tied into the backplane, and cubes have locking notches and rather good price point compared to similar offerings from BfL. I get the impression they are less desirable now though, is this mainly because of power consumption? Crazy how fast this hardware race moves... I'm still a bit surprised to see people coming into mining and dropping over $1k on a miner before learning the ropes...
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