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Topic: Block Erupter USB Sales [Temporarily Out of Stock] - page 17. (Read 93208 times)

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.
sr. member
Activity: 420
Merit: 250
I feel like a dope for paying 1.99 for several of these. Part of my "value" calculation was the ability to mine for a period of time, then resell the hardware. Now that possibility is gone.

Even your resellers are fearful of ordering another lot for fear they will be undercut again by price cuts and have a lot of unsold inventory.

In hindsight, you should have picked a reasonable price to begin with and stuck with it.  There's no way I will order any more of these for fear of getting fucked again.

you feel like a dope because you WERE a dope.  Not just picking on you specifically, but everyone complaining in this thread.  Not shocking that people dumb enough to buy these at 2 are dumb enough to think they got screwed by a price drop...if you thought that these were a good investment at 2, then they're an even better investment at 1.  If all you can think about is how much you overpaid, then maybe, just maybe, you SHOULDN'T HAVE OVERPAID.

I would encourage everyone who bought any of these to practice dollar cost averaging and buy the same number you already own to make your average unit cost 1.5btc. Then when the price drops to 0.5 in another few months do it again and they've all only cost your 1btc each =P

Seriously tho - the real value of these is in the sub half a bitcoin range. when they first released it was close to 0.4999 btc. By now it should be closer to 0.24999 btc.

So unless you're just replacing your gpu farm with chain to run asic miners on a hashrate basis - avoid these.
hero member
Activity: 490
Merit: 501
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.

yeah, i'm not willing to bid more than $150 right now. Healthy return for seller, should help ease the pain of getting rid of the last of their inventory after the next price drop.
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.
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.
member
Activity: 89
Merit: 10
When can we buy these from dealextreme or some other chinese reseller serving the entire world? Cheesy
newbie
Activity: 25
Merit: 0
i hope people have done their homework regarding hash/$

people need to calculate total hash you will get from these usb and the price you will paid.

now calculate the total hash for those diy asic chips if you had purchased them.

the issue is hash rate and difficulty, nothing to do with the price. as you can see if 1 diy asic person could get away with that much power what chances are that your usb stick can do anything?

i got into mining during the mania around march and time went by so quickly yesterday seems like my first day mining. yesterdays profit calculation means nothing today.

this is not a few months ago or last year where there was just speculation on asic. i dare anyone to look back on history posts to see what people wrote.

there are now concrete results from bbk and burnin. sample chips have been delivered. there is a diy community so nothing is impossible.

in a few months, which i consider a very short time, diy asic will be delivered in full force.

i predict those with usb stick are going to start smashing their heads against the wall because of what potential hashing power could of had.
legendary
Activity: 1652
Merit: 1067
Christian Antkow
If all you can think about is how much you overpaid, then maybe, just maybe, you SHOULDN'T HAVE OVERPAID.

 ... and what does it say about those of us that have disposable Bitcoins, and are thinking of "doubling down" by buying another 50 to add to our farms.

Goddamnit.

*Desk. Applies directly to the forehead*
sr. member
Activity: 420
Merit: 250
I feel like a dope for paying 1.99 for several of these. Part of my "value" calculation was the ability to mine for a period of time, then resell the hardware. Now that possibility is gone.

Even your resellers are fearful of ordering another lot for fear they will be undercut again by price cuts and have a lot of unsold inventory.

In hindsight, you should have picked a reasonable price to begin with and stuck with it.  There's no way I will order any more of these for fear of getting fucked again.

you feel like a dope because you WERE a dope.  Not just picking on you specifically, but everyone complaining in this thread.  Not shocking that people dumb enough to buy these at 2 are dumb enough to think they got screwed by a price drop...if you thought that these were a good investment at 2, then they're an even better investment at 1.  If all you can think about is how much you overpaid, then maybe, just maybe, you SHOULDN'T HAVE OVERPAID.
legendary
Activity: 1652
Merit: 1067
Christian Antkow
Does anyone know when these will ship out?

 History shows it's reasonable to assume that after you make a payment to the ASICMiner team, you should receive something on your doorstep within 3-5 days.
sr. member
Activity: 267
Merit: 250
Does anyone know when these will ship out?
newbie
Activity: 70
Merit: 0
bitcoin mining hardware pricing is VERY time sensitive and VERY volatile.

IMO bitcoin mining hardware should be sold in 'small' batches by Dutch Auction.  (Hardware that is available for shipping now, not BFL or KNC.)

The hardware manufacturer should get the profits, not resellers.
newbie
Activity: 70
Merit: 0
1) Hard to argue that the first USB miners were over-priced when they were selling for $400 on ebay.

2) If you think they are over-priced then don't buy them LDO.

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.

[ I bought a USB miner for 1.99 BTC + group buy markup.  I'm happy and unbothered by price changes.  ]
legendary
Activity: 1148
Merit: 1018
Agree. They can't treat their first buyers as shxt.


I don't understand all these people who complain about them "overpriced" and "robbery".
If you don't like the price then simply don't buy. There is no lack of demand even at this price, so nobody cares about your complaints. Obviously AM reaps the benefits of no competition, and that's okay, because the price is determined by market, not production costs. You don't expect friedcat to be marxist even though he is from "communist" China. Smiley

Yes, no one forced people to buy them. But people are stupid and will be pissed off at you once they'll realize they can't turn profit on their 2BTC USB-sticks. I already wrote about this before that they should decrease prices in steps not to piss off buyers. For example price decrease of 0.1BTC every week (and a bit lower initial price) right from the beginning would not piss off so many people as it does now. It probably still wouldn't be profitable, but at least less people would be angry, therefore buying more in the future and even with decreased prices the revenues still can be as high due to increased volumes.

Of course you can enter the numbers into https://bitclockers.com/calc (mining calculator) and see for yourself.

An estimate on difficulty growth is not so hard to make either. Just look at hashrate increases from last weeks and enter the percentage. But I as already said, people are stupid, and for their own sake (AM) should not piss off the buyers so they will buy more products IN THE FUTURE.

Man, thinking you were going to turn a profit from those usb miners priced at 2BTC is really beyond me. I get there are some retards buying them for $400 on ebay, but seriously... How retard you have to be to buy one of those for $400? I mean... You run out of retards sooner or later.

Unfortunately, I think that at 1BTC we have pretty much the same situation. Sure, some other retards will show up and will buy them at $200 on Ebay - that's the only way to profit, because those things will NEVER ROI mining - not at 2BTC, not at 1BTC.

Don't get me wrong, I will gladly buy one of those only because I think it's a revolutionary item... The mini, USB miner! But thinking you are going to "profit" from them, unless you apply the Greater Fool Theory... Come on... The only way to "profit" from those (mining) is to buy them at $25 or below.

 
hero member
Activity: 588
Merit: 500
firstbits.com/1kznfw
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.
newbie
Activity: 52
Merit: 0
Agree. They can't treat their first buyers as shxt.


I don't understand all these people who complain about them "overpriced" and "robbery".
If you don't like the price then simply don't buy. There is no lack of demand even at this price, so nobody cares about your complaints. Obviously AM reaps the benefits of no competition, and that's okay, because the price is determined by market, not production costs. You don't expect friedcat to be marxist even though he is from "communist" China. Smiley

Yes, no one forced people to buy them. But people are stupid and will be pissed off at you once they'll realize they can't turn profit on their 2BTC USB-sticks. I already wrote about this before that they should decrease prices in steps not to piss off buyers. For example price decrease of 0.1BTC every week (and a bit lower initial price) right from the beginning would not piss off so many people as it does now. It probably still wouldn't be profitable, but at least less people would be angry, therefore buying more in the future and even with decreased prices the revenues still can be as high due to increased volumes.

Of course you can enter the numbers into https://bitclockers.com/calc (mining calculator) and see for yourself.

An estimate on difficulty growth is not so hard to make either. Just look at hashrate increases from last weeks and enter the percentage. But I as already said, people are stupid, and for their own sake (AM) should not piss off the buyers so they will buy more products IN THE FUTURE.
JLM
full member
Activity: 164
Merit: 100
Great!!!! Somebody can tell me how to buy  Huh
Link, please!!! Thanks.


Look in the group buy section.  Lots of action ATM.

Ok. Thanks, but this for US or European Buyers.
I´m from Argentina.
full member
Activity: 322
Merit: 102
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.
hero member
Activity: 630
Merit: 500
what is the order email address for US customers. I don't see it in the first post.

 I believe the order email address for batches of 50 or more is [email protected]

 That is the email address I used in past communication for ASICMiner USB purchases.
thx
sr. member
Activity: 310
Merit: 250
what is the order email address for US customers. I don't see it in the first post.

 I believe the order email address for batches of 50 or more is [email protected]

 That is the email address I used in past communication for ASICMiner USB purchases.

Thank you.
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