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Topic: Block Erupter USB Sales [Temporarily Out of Stock] - page 16. (Read 93208 times)

legendary
Activity: 1554
Merit: 1009
that also makes you a greedy f**k

The bitcoin universe is filled with greedy fucks. You need to realize that this is still money we're talking about, and money attracts greedy fucks.

Having said that, if you were selling widgets, and thousands of people offered you $200 per widget, would you say "naw, that's too much, $25 only"?

If you sell more than you can make, your prices are too low.

If you sell too few - you over priced and missed the boat.

Too true, but I don't think that's the situation we're in right now. Something like 4,000 of the first 10,000 units had been sold as of a week ago?
hero member
Activity: 574
Merit: 500
Friedcat would have sold more than he could make if he came in with 3 ubs sticks for 1 BTC - over priced - too late now - missed the boat.

If you sell more than you can make, your prices are too low.

If you sell too few - you over priced and missed the boat.

And then you drop the price, and...oh wait, that is what they're doi....

Yeah, but customers who already paid 2+ BTC will be pissed (like me) and think twice now - no return sales.

[EDIT] 2 weeks ago...
hero member
Activity: 532
Merit: 500
Friedcat would have sold more than he could make if he came in with 3 ubs sticks for 1 BTC - over priced - too late now - missed the boat.

If you sell more than you can make, your prices are too low.

If you sell too few - you over priced and missed the boat.

And then you drop the price, and...oh wait, that is what they're doi....
hero member
Activity: 574
Merit: 500
Friedcat would have sold more than he could make if he came in with 3 ubs sticks for 1 BTC - over priced - too late now - missed the boat.

If you sell more than you can make, your prices are too low.

If you sell too few - you over priced and missed the boat.
sr. member
Activity: 392
Merit: 250
♫ A wave came crashing like a fist to the jaw ♫
Friedcat would have sold more than he could make if he came in with 3 ubs sticks for 1 BTC - over priced - too late now - missed the boat.

If you sell more than you can make, your prices are too low.

that also makes you a greedy f**k
hero member
Activity: 742
Merit: 500
I will say that pricing block erupter at 1 BTC for 338 MHz is pretty much the final death blow for GPU mining. Unless one wants to mine alt scrypt coins, there is absolutely no reason to purchase a GPU for mining over block erupters.

Ummm...resale of a GPU will always be better than a novelty item with no use in a month, or two, plus there is gaming, cad work, cgi animation, rendering and all those other things graphics cards do.

These USB dongles aren't worth a 0.5BTC price tag...they are practically no cost to make.

I agree that GPUs have other valid uses, and folks will buy them for other purposes and mine on the side, but they are no longer a good mining only buy for anything other than scrypt. You can now get 1 GHs worth of USB miners for $300, and the USB miners also cost far less in electricity to operate. GPUs can't touch that.

Agreed, but in 3 months you'll still be able to sell a GPU, factor that into the profit you'll barely get from the ASICminer USB.  This is soley about them selling their tech at inflated prices and introducing ASICs into the wild en mass, so they can add more proportionately to their oligopoly.

Friedcat would have sold more than he could make if he came in with 3 ubs sticks for 1 BTC - over priced - too late now - missed the boat.

Once klondike USB miners hit the market, ASICMiner will have to reduce prices to remain competitive, but until that time they'll still sell a lot of these USB miners at 1 BTC.
legendary
Activity: 1554
Merit: 1009
Friedcat would have sold more than he could make if he came in with 3 ubs sticks for 1 BTC - over priced - too late now - missed the boat.

If you sell more than you can make, your prices are too low.
hero member
Activity: 574
Merit: 500
I will say that pricing block erupter at 1 BTC for 338 MHz is pretty much the final death blow for GPU mining. Unless one wants to mine alt scrypt coins, there is absolutely no reason to purchase a GPU for mining over block erupters.

Ummm...resale of a GPU will always be better than a novelty item with no use in a month, or two, plus there is gaming, cad work, cgi animation, rendering and all those other things graphics cards do.

These USB dongles aren't worth a 0.5BTC price tag...they are practically no cost to make.

I agree that GPUs have other valid uses, and folks will buy them for other purposes and mine on the side, but they are no longer a good mining only buy for anything other than scrypt. You can now get 1 GHs worth of USB miners for $300, and the USB miners also cost far less in electricity to operate. GPUs can't touch that.

Agreed, but in 3 months you'll still be able to sell a GPU, factor that into the profit you'll barely get from the ASICminer USB.  This is soley about them selling their tech at inflated prices and introducing ASICs into the wild en mass, so they can add more proportionately to their oligopoly.

Friedcat would have sold more than he could make if he came in with 3 ubs sticks for 1 BTC - over priced - too late now - missed the boat.
hero member
Activity: 532
Merit: 500
I will say that pricing block erupter at 1 BTC for 338 MHz is pretty much the final death blow for GPU mining. Unless one wants to mine alt scrypt coins, there is absolutely no reason to purchase a GPU for mining over block erupters.

Ummm...resale of a GPU will always be better than a novelty item with no use in a month, or two, plus there is gaming, cad work, cgi animation, rendering and all those other things graphics cards do.

These USB dongles aren't worth a 0.5BTC price tag...they are practically no cost to make.

I agree that GPUs have other valid uses, and folks will buy them for other purposes and mine on the side, but they are no longer a good mining only buy for anything other than scrypt. You can now get 1 GHs worth of USB miners for $300, and the USB miners also cost far less in electricity to operate. GPUs can't touch that.

Agreed, but in 3 months you'll still be able to sell a GPU, factor that into the profit you'll barely get from the ASICminer USB.  This is soley about them selling their tech at inflated prices and introducing ASICs into the wild en mass, so they can add more proportionately to their oligopoly.
hero member
Activity: 742
Merit: 500
I will say that pricing block erupter at 1 BTC for 338 MHz is pretty much the final death blow for GPU mining. Unless one wants to mine alt scrypt coins, there is absolutely no reason to purchase a GPU for mining over block erupters.

Ummm...resale of a GPU will always be better than a novelty item with no use in a month, or two, plus there is gaming, cad work, cgi animation, rendering and all those other things graphics cards do.

These USB dongles aren't worth a 0.5BTC price tag...they are practically no cost to make.

I agree that GPUs have other valid uses, and folks will buy them for other purposes and mine on the side, but they are no longer a good mining only buy for anything other than scrypt. You can now get 1 GHs worth of USB miners for $300, and the USB miners also cost far less in electricity to operate. GPUs can't touch that.
hero member
Activity: 656
Merit: 500
wait, what? was the OP post just edited today? did the official price just drop by 50%?

Yesterday and yes
hero member
Activity: 532
Merit: 500
bearded, drunk, fat, naked
wait, what? was the OP post just edited today? did the official price just drop by 50%?
legendary
Activity: 1484
Merit: 1005
Lol, I knew there would be loads of "I got scammed at higher price" etc etc posts.

Guys, it is an electronic item--THEY ALL GET CHEAPER! Those who buy first, are ALWAYS paying for some R&D.

"Ima sue Samsung!! When I bought my 32" LCD TV it was $1000. Now they are $250!!!!" "They scammed me!!"

Like seriously, you bought first, you pay more. Just like almost EVERY other product ever made.

The difference is that you extract qualia from owning a larger TV over that time. You don't get any qualia from Block Erupters, you only get bitcoin, and there is no way that the frist sold block erupters made 1.01 bitcoins in the time that this price drop occurred. Someone else mentioned dropping the price by .1 btc every week, but these don't even produce .1 btc/week so this would very quickly show the problems with their pricing.

I am going to warn everyone here, as I have before

Unless this is purely for novelty, do not buy these for profitability until they come close to $60 / GHps. Even that might be too high, but then you'll have a chance at profitability.

Refer to this site for a bigger picture on ASIC miner comparisons.

I'm going to buy them and exchange the BTC for Litecoins, which currently cost waaaay more power to generate in comparison.  So I really don't feel bad.  I will keep them running until they can no longer profit.
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
Creepy... as a Asicminer shareholder i wouldnt like to risk 3 shares in value of 9.51BTC for one USB-Miner value 0.99BTC.
I guess it was meant as a bonus for shareholders but the risk involved would keep me away from buying. I mean normal buyers dont risk anything.

You don't 'risk' 3 shares if you buy a stick, you just are not allowed to sell/transfer them because you have some unpaid sticks shipped to you.
The advantage is that you can pay a few weeks later (and have some time to collect the money from the people you resell them to, for example)

Only problem you can get with it is if you don't pay after 2 weeks.. but hey, that's called scamming..
The shares are at friedcat' anyway, so if you don't trust him with 3 shares/stick you shouldn't have shares anyway Tongue (not personal, meant that in general)

First i thought you right but then i saw the sentence again i mean: "If you fail to pay, the shares will be collected back by ASICMINER." That means to me that the shares are gone if you dont pay.
hero member
Activity: 671
Merit: 500

These usb sticks would need to be priced around .15 - .2 bitcoin each to make them competitive with other choices in the marketplace


You're comparing apples to next year's crop of apples.  These sticks can be mining now, the other choices available in the marketplace that are available now are...  what exactly?
legendary
Activity: 1484
Merit: 1026
In Cryptocoins I Trust
IMO a BFL Jalapeno/Single ordered today will have about the same ROI as a Block Erupter bought at 1 BTC.

It's going to be months and months before you ever even get a tracking number from BFL...

You'd get your equipment by December if you're lucky.
hero member
Activity: 574
Merit: 500
I expect swift and decisive attacks for this comment - so feel free if you must but:

These are very interesting and I would actually be inclined to buy a few for the novelty, but given the 50 minimum buy you need to shell out $5000+ usd to buy around 15 gh/s (being generous)

for the same price you could buy 2 BFL singles which are now starting to trickle out into people's hand and shortly in mass.


2 BFL singles would give you about 6 1/3 times the hashing power (100 gh/s compared to about 15 gh/s for 50 usb sticks). I think they are very cool don't get me wrong but economics do not work out. These usb sticks would need to be priced around .15 - .2 bitcoin each to make them competitive with other choices in the marketplace


Even if you do not believe in BFL singles - there is no arguing that the Jalapenos are shipping now - 3 jalapenos cost $822, which would give you the same hashing power as 50 usb sticks.

even looking at just jalapenos, you are paying about $54 per gh/s  or you can pay over 6 times that amount for the same hashing power with the usb sticks


They are very cool tech and I will probably buy a few if I can find them for a reasonable price somewhere but they cannot really compete in the mining market with their current price point

+1
sr. member
Activity: 434
Merit: 250
3) Which do you prefer:
   3a) ASICMiner sells USB miner for 0.5 BTC.  Customer sells it on ebay for $400.
   3b) ASICMiner sells USB miner for 1.99 BTC.  Customer sells it on ebay for $400.

Ebay prices have dropped quickly after the price cut. Remember not everyone who is ready and willing to buy USB miners has the BTC to do so. Ebay makes an easy way to purchase them with fiat, albeit with a markup.
That's not my point.

All I'm saying is that ASICMiner should sell at the market price so they reap the profit and not resellers.

Oh certainly, I agree. I'm all for capitalism. Smiley But dealing with the public takes a lot of time and hassle.
hero member
Activity: 630
Merit: 500
I expect swift and decisive attacks for this comment - so feel free if you must but:

These are very interesting and I would actually be inclined to buy a few for the novelty, but given the 50 minimum buy you need to shell out $5000+ usd to buy around 15 gh/s (being generous)

for the same price you could buy 2 BFL singles which are now starting to trickle out into people's hand and shortly in mass.


2 BFL singles would give you about 6 1/3 times the hashing power (100 gh/s compared to about 15 gh/s for 50 usb sticks). I think they are very cool don't get me wrong but economics do not work out. These usb sticks would need to be priced around .15 - .2 bitcoin each to make them competitive with other choices in the marketplace


Even if you do not believe in BFL singles - there is no arguing that the Jalapenos are shipping now - 3 jalapenos cost $822, which would give you the same hashing power as 50 usb sticks.

even looking at just jalapenos, you are paying about $54 per gh/s  or you can pay over 6 times that amount for the same hashing power with the usb sticks


They are very cool tech and I will probably buy a few if I can find them for a reasonable price somewhere but they cannot really compete in the mining market with their current price point
newbie
Activity: 70
Merit: 0
3) Which do you prefer:
   3a) ASICMiner sells USB miner for 0.5 BTC.  Customer sells it on ebay for $400.
   3b) ASICMiner sells USB miner for 1.99 BTC.  Customer sells it on ebay for $400.

Ebay prices have dropped quickly after the price cut. Remember not everyone who is ready and willing to buy USB miners has the BTC to do so. Ebay makes an easy way to purchase them with fiat, albeit with a markup.
That's not my point.

All I'm saying is that ASICMiner should sell at the market price so they reap the profit and not resellers.
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