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Topic: Block Erupter USB Sales [Temporarily Out of Stock] - page 14. (Read 93208 times)

legendary
Activity: 1148
Merit: 1018
Demand for these is crazy (as in stupid - crazy). I'm really satisfied to see their price go down like that. Props to those who resold their on eBay and etc. But I imagine the itch of those who did not.

If the demand was "crazy", they wouldn't have lowered the price. How "crazy" is the demand depends on the supply.

Eg:

If you can quickly produce 20,000 items, which unitary cost is around $1-$2, and there is a "crazy" demand for a) 5,000 items at $200 and b) 12,000 items at $100, it would be obviously more profitable for you to go for option b).

If suddenly your production capacity spikes to 80,000 items, it's way more profitable to sell all of them at $20 than selling only 12,000 at $100.

It's not the vendor who sets the price, it's the market which functions following supply&demand.

I'm ashamed to be explaining such basic things, but some of the guys in here seem to do not understand basic free market principles.

Some of you think the "demand is crazy" because you re-sold 10, 20, 30, 50 of them on ebay. That's peanuts. We should assume supply for these USB thingies should be in the orders of hundreds of thousands.
legendary
Activity: 1190
Merit: 1001
Demand for these is crazy (as in stupid - crazy). I'm really satisfied to see their price go down like that. Props to those who resold their on eBay and etc. But I imagine the itch of those who did not.

You can tell me...

I sold 10 @ Bitmit and they arrived to buyer's home yesterday. Of course now he is telling me the boxes were empty and he wants me to send to him another 10 for free or he's not going to open escrow... Of course he's liying, and I guess he's angry for price drop and he just wants to breakeven no matter what.

I always take extra care so it is imposible I forgot + weight on the parcel is exactly for 10 USB... and he told he found nothing inside, just air.
I hate this scammers.

I hope Bitmit is fair and send me the money.
hero member
Activity: 980
Merit: 500
FREE $50 BONUS - STAKE - [click signature]
Demand for these is crazy (as in stupid - crazy). I'm really satisfied to see their price go down like that. Props to those who resold their on eBay and etc. But I imagine the itch of those who did not.
legendary
Activity: 1148
Merit: 1018
Then you will loose even more money and still dont make a ROI.

 This is an irritating price-correction in such a short amount of time indeed. As much as I'm tempted to purchase another 50 of these, I just can't rationalize it given the possibility they may be priced at 0.50 BTC each next month  Undecided


Well, this possibility is highly likely. Market price is set by supply&demand, I will make you an honest question: do you really think that the market can absorb 10,000 USB miners that won't ROI at all, at +$100?

I'm VERY interested in those USB because I love the concept, I'm in love with them, but I didn't buy any because they feel like a rip off. Ok, $100 is not so much in the big scheme of things, but still I don't feel like overpaying just because of anxiety. I have no anxiety, the market is always right, and I will end up having a couple of those for a fraction of their initial cost... And still, they will probably never break-even, whatever the price is, it looks like the trend is to sell them above the break-even point, just like the blades... But anyhow, the price will just adjust following difficulty, and even if they will never break even at any price, paying $25 for a USB toy is not like paying $200.
legendary
Activity: 1232
Merit: 1000
full member
Activity: 504
Merit: 102
CLEARSIGHT- THE #1 BLOCKCHAIN JOB PLATFORM
newbie
Activity: 27
Merit: 0
Hello, I am interested in 10 units for Spain. Thanks

PM Kosmo, Friedcat doesn't sell direct to consumer.

Since Kosmo is in the USA he's better off buying them from YXT in Germany

Thanks. I have PM'd YXT but no reply yet. Any other ideas?
legendary
Activity: 1554
Merit: 1009
It's at 3 Bitcoin per share and look at their dividend payouts...terrible.

I actually rage when I see things like this. . Even at current all-time-high prices, AM shares have an annual yield of 28%. Now, go out and find me ANY OTHER INVESTMENT IN THE WORLD offering that sort of return. Jesus Christ.

EDIT: Sorry, name-calling is mean.
The problem here is you are trying to compare it to safe, regulated investments that are unlikely to be shutdown by the government. For the amount of risk you are accepting...and I don't believe you understand all the risks...an annual yield for a 'top' bitcoin investment should be greater than 28%. BTW...it is not hard to locate some ETF's that have blown past 28%.

Fair enough, although I'm not sure "terrible" is how I'd describe the situation.

Keep in mind, as well, that it was only a few weeks ago that the annual yield was over 100% Smiley
PeZ
sr. member
Activity: 297
Merit: 250
It's at 3 Bitcoin per share and look at their dividend payouts...terrible.

I actually rage when I see things like this. . Even at current all-time-high prices, AM shares have an annual yield of 28%. Now, go out and find me ANY OTHER INVESTMENT IN THE WORLD offering that sort of return. Jesus Christ.

EDIT: Sorry, name-calling is mean.
The problem here is you are trying to compare it to safe, regulated investments that are unlikely to be shutdown by the government. For the amount of risk you are accepting...and I don't believe you understand all the risks...an annual yield for a 'top' bitcoin investment should be greater than 28%. BTW...it is not hard to locate some ETF's that have blown past 28%.
full member
Activity: 238
Merit: 100
KUPO!
Fantastic new price! Especially with btc dropping in price! I'll hopefully pick up a few of these!
sr. member
Activity: 462
Merit: 250
I only bought 4 @ 2btc, but my old xp rig was having a pain of a time recognizing all 4 at once (the modminer though was always ready to mine... Smiley

not until I added a pci usb2 card and a usb3 powered hub did it finally act normal... not sure I want to try to stress out and try to add more regardless of the price!   that rig can stay at 2gh until knc ships me some saturns

the USBees and ModMiner are cool looking though!


PS-  If anyone has some ModMiners I'd take them for cheap...
sr. member
Activity: 335
Merit: 250
Who is the contact person for sales to the USA?

hero member
Activity: 532
Merit: 500
Fair enough, just seen Kosmo posting a lot today, personally I would wait until tear are priced more reasonably at around 0.3 BTC.
hero member
Activity: 868
Merit: 1000
Hello, I am interested in 10 units for Spain. Thanks

PM Kosmo, Friedcat doesn't sell direct to consumer.

Since Kosmo is in the USA he's better off buying them from YXT in Germany
hero member
Activity: 532
Merit: 500
Hello, I am interested in 10 units for Spain. Thanks

PM Kosmo, Friedcat doesn't sell direct to consumer.
newbie
Activity: 27
Merit: 0
Hello, I am interested in 10 units for Spain. Thanks
full member
Activity: 189
Merit: 100
Then you will loose even more money and still dont make a ROI.

 This is an irritating price-correction in such a short amount of time indeed. As much as I'm tempted to purchase another 50 of these, I just can't rationalize it given the possibility they may be priced at 0.50 BTC each next month  Undecided


Xian, I'm gonna sit on my coins from now on and let the market settle before deciding to buy more hash power. Too many players adjusting their prices. It's got to be wise to wait now.

Best advice, let the market cooling down and wait how the price is after Bitfury and Avalon Chips arrive.
hero member
Activity: 574
Merit: 500
Then you will loose even more money and still dont make a ROI.

 This is an irritating price-correction in such a short amount of time indeed. As much as I'm tempted to purchase another 50 of these, I just can't rationalize it given the possibility they may be priced at 0.50 BTC each next month  Undecided


Xian, I'm gonna sit on my coins from now on and let the market settle before deciding to buy more hash power. Too many players adjusting their prices. It's got to be wise to wait now.
legendary
Activity: 1554
Merit: 1009
Then you will loose even more money and still dont make a ROI.

Well, if they knew that, they wouldn't have bought @ 2.

And if we knew what the network hashrate was going to be for the next 12 months, we wouldn't be debating the ROI of these sticks.  Cool
legendary
Activity: 1652
Merit: 1067
Christian Antkow
Then you will loose even more money and still dont make a ROI.

 This is an irritating price-correction in such a short amount of time indeed. As much as I'm tempted to purchase another 50 of these, I just can't rationalize it given the possibility they may be priced at 0.50 BTC each next month  Undecided
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