Who is buying these at 3+ BTC?
Crazy people on eBay. And I thought I was nuts buying them at 2BTC...
(but they are just cool as heck novelties) 
Topic: Block Erupter USB Sales [Temporarily Out of Stock] - page 24. (Read 93208 times)
Crazy people on eBay. And I thought I was nuts buying them at 2BTC...
(but they are just cool as heck novelties) 
Who is buying these at 3+ BTC?
Massively overpriced - I may only agree.
Prefer to see Erupter USB at 1 BTC each final price available via group buy from 25 pcs.
Agreed, better to sell these things on ebay at the moment. Buy for 2BTC, sell for 3 to 3.5BTC (at current prices) after fees. I've sold all but two of mine, which I'll keep as novelty items.Prefer to see Erupter USB at 1 BTC each final price available via group buy from 25 pcs.
Great little product though - mine have been rock solid, fire and forget miners with no cooling solution whatsoever.
For 24/7 mining, these are definitely the way forward. We just need 1GHash models.
Quote
2013.06.13 [20:50] Icarus (ttyUSB9) ERROR: Selftest error
- Looks like hardware error, i.e. device malfunction (the logic is simple - if device can not complete self-test, it is broken).
But I may advice to you to plug your Erupter USBs, one by one, directly to your host computer USB port. If 'hardware error' will appear again - try to change host computer, better to other architecture and OS plarform.
If all these steps will not change the situation with selftest error reporting - than, you have too much chances that your device is broken and need to be replaced.
Massively overpriced - I may only agree.
Prefer to see Erupter USB at 1 BTC each final price available via group buy from 25 pcs.
Prefer to see Erupter USB at 1 BTC each final price available via group buy from 25 pcs.
I am not trying to mine my 2 BTC back as much as I am trying to mine my ~ $240.00 back.
Your reasoning is flawed.You are acually losing compared to just holding to 2 BTC.
Who would pay 6BTC/1Ghash when you could buy 0.63BTC/1Ghash from burnin? Only misinformed people who bought on a hype and didn't do the calculations.
I did that 2 months ago - exactly the same error. My calculations were flawed.
Will my rig pay for itself in USD? Yes.
Will my rig pay for itself in LTC? No.
So I actually lost money compared to just buying LTC.
So if you didn't bought already, don't buy.
"2.5 Watts USB Miner Outperforming Your Graphics Card. No Pre-Order. Get Them Now!"
No it does not
Considering resale/reuse value of a video card, and hash/$ ratio erupters suck at that price. Electricity cost gains do not cover that gap.
No it does not
Considering resale/reuse value of a video card, and hash/$ ratio erupters suck at that price. Electricity cost gains do not cover that gap.
Resell to those mining Altcoins... no?
Not really, no. They can only do sha256 so no mining scrypt coins.
Well, there are sha-256 altcoins... Although most of them aren't worth much. NMC, PPCoin, DVC, TRC, BTE, etc.
after it has worked 3 days in this constellation without problems now I have only errors
I have done replugging a few times (and yes it is a powered USB HUB..)
(LEDs are green and on one item green LED is (was) blinking)
anyone know what to do?
TIA
I have done replugging a few times (and yes it is a powered USB HUB..)
(LEDs are green and on one item green LED is (was) blinking)
Code:
Icarus (ttyUSB1) ERROR: Selftest error. Expected nonce 0xFFFFFEEA but got 0xB317598E.
Code:
Icarus (ttyUSB1) ERROR: Too many errors, giving up
2013.06.13 [17:42] Icarus (ttyUSB3): Not getting any results. Retuning timers.
2013.06.13 [17:49] Icarus (ttyUSB3): Not getting any results. Retuning timers.
2013.06.13 [17:49] Icarus (ttyUSB3) ERROR: Selftest error. Expected nonce 0x00000112 but got 0x0171DF3B.
Code:
2013.06.13 [20:50] Icarus detection failed. Expected nonce 0x00000109 but got 0xFBFBFBFB.
2013.06.13 [20:50] Probe of port ttyUSB6 failed: timeout
2013.06.13 [20:50] Icarus (ttyUSB9) ERROR: Selftest error. Timed out at 2001 ms.
2013.06.13 [20:50] Icarus (ttyUSB9): Tuning timers.
2013.06.13 [20:50] Icarus (ttyUSB9) ERROR: Selftest error. Expected nonce 0x00000109 but got 0x0000393F.
TIA
"2.5 Watts USB Miner Outperforming Your Graphics Card. No Pre-Order. Get Them Now!"
No it does not
Considering resale/reuse value of a video card, and hash/$ ratio erupters suck at that price. Electricity cost gains do not cover that gap.
No it does not
Considering resale/reuse value of a video card, and hash/$ ratio erupters suck at that price. Electricity cost gains do not cover that gap.
Resell to those mining Altcoins... no?
Not really, no. They can only do sha256 so no mining scrypt coins.
Anyone looking for these shipped today - I guarantee you that you will NOT find a lower price today than this BitMit auction
"All orders of 10+ come with free Anker 10-port powered USB hub"
"All orders of 10+ come with free Anker 10-port powered USB hub"
"2.5 Watts USB Miner Outperforming Your Graphics Card. No Pre-Order. Get Them Now!"
No it does not
Considering resale/reuse value of a video card, and hash/$ ratio erupters suck at that price. Electricity cost gains do not cover that gap.
No it does not
Considering resale/reuse value of a video card, and hash/$ ratio erupters suck at that price. Electricity cost gains do not cover that gap.
Yeah, I saw the same ad and was thinking the same thing. For the same price I can get double the hashrate...
"2.5 Watts USB Miner Outperforming Your Graphics Card. No Pre-Order. Get Them Now!"
No it does not
Considering resale/reuse value of a video card, and hash/$ ratio erupters suck at that price. Electricity cost gains do not cover that gap.
No it does not
Considering resale/reuse value of a video card, and hash/$ ratio erupters suck at that price. Electricity cost gains do not cover that gap.
Resell to those mining Altcoins... no?
[/quote]
Only in BTC is 100% a year return considered idiotic. Having said that these are clearly just for novelty since if you can afford to spend 300usd and you must have a computer already for these to work you can just buy an extra GPU and it would be a much, much better deal although it must be factored in that a GPU effective lifespan is probably a few years since you are running it 100% and these MIGHT last longer. If you can afford a block (9-10) of them then you should just hunt for the 5gh bfl which are trading hands at around 20-30 btc now or step up to a blade.
[/quote]
If you can find a blade that isn't selling for a price that makes it seem like they are made from crushed unicorn horns or something.
"2.5 Watts USB Miner Outperforming Your Graphics Card. No Pre-Order. Get Them Now!"
No it does not
Considering resale/reuse value of a video card, and hash/$ ratio erupters suck at that price. Electricity cost gains do not cover that gap.
No it does not
Considering resale/reuse value of a video card, and hash/$ ratio erupters suck at that price. Electricity cost gains do not cover that gap.
My reasoning,
I am not trying to mine my 2 BTC back as much as I am trying to mine my ~ $240.00 back.... but if I mine .5 BTC over the entire life of the device lets say, and it costs me nothing to run, then all I need is for BTC to be ~ $480.00 / USD to break even at this point right.
I am not trying to mine my 2 BTC back as much as I am trying to mine my ~ $240.00 back.... but if I mine .5 BTC over the entire life of the device lets say, and it costs me nothing to run, then all I need is for BTC to be ~ $480.00 / USD to break even at this point right.
Except if you are thinking that way, not buying one in the first place would give you $960
This.
Everyone complains that ASICs are overpriced...
It is because so many noobs are willing to pay 2 BTC+ for 300Mh and most likely never break even. Hell, 10 Gh is going for 50 BTC.
The "free markert" aka the idiots of these forums bid the prices up, so high there's no way they're breaking even in a year or less.
Only idiots/the uninformed are paying these prices.
It makes sense to replace existing owned GPUs with these on a hashrate basis Especially if you've hit roi on the gpus. The idea is sell the existing gpus while he prices are still good... take some portion of that profit and replace the lost hash rate with 1% of the power draw and almost none of the side costs. So while I wouldn't suggest new fiat buy these things... It does make some sense in the case I've described.
It doesn't. The device costs 2BTC, but will not generate 2BTC over its life if difficulty keeps increasing. At the current difficulty it would generate 0.29BTC/month, so it would take almost 7 months to generate the 2BTC if difficulty was constant. However, the difficulty is not constant. It is better to keep the 2BTC (or to buy 2BTC if you expect the BTC value to rise).
If GPU mining is no longer profitable, then sell the video cards, but buying this device is still not economical. Even with the price for electricity that I pay, for 2BTC I could run my ~100W GPU for more than a year.
It makes sense to replace existing owned GPUs with these on a hashrate basis Especially if you've hit roi on the gpus. The idea is sell the existing gpus while he prices are still good... take some portion of that profit and replace the lost hash rate with 1% of the power draw and almost none of the side costs. So while I wouldn't suggest new fiat buy these things... It does make some sense in the case I've described.
As for me: I just sold 6 of my oldest (and least profitable) video cards as well as a pair of 7950s. Allowing me to then sell most of the parts from the 2 machines that were running them... got a couple of nice 24 port usb hubs and enough of these to replace the lost hash rate... and still make ~1000 usd.
So net gain for me is 1000 usd + ~250 per month savings on electric costs. I don't particularly care that I overpaid from the perspective of 'new money'.
And transit time for the new miners to be delivered... just a few days.
As for me: I just sold 6 of my oldest (and least profitable) video cards as well as a pair of 7950s. Allowing me to then sell most of the parts from the 2 machines that were running them... got a couple of nice 24 port usb hubs and enough of these to replace the lost hash rate... and still make ~1000 usd.
So net gain for me is 1000 usd + ~250 per month savings on electric costs. I don't particularly care that I overpaid from the perspective of 'new money'.
And transit time for the new miners to be delivered... just a few days.
You are mistakenly assuming these things will hold value. They will not. Once the difficulty rises a few more times, these things are going to be worthless. And, with the added bonus of it not being possible to use them for anything else, the resale value will become 0.
With GPU's, you can always get a relatively nice portion of resale value.
My point is they'll have paid for themselves in saved power costs within a couple of month and are effectively free to purchase in that sense.
Except if you are thinking that way, not buying one in the first place would give you $960
This.
Everyone complains that ASICs are overpriced...
It is because so many noobs are willing to pay 2 BTC+ for 300Mh and most likely never break even. Hell, 10 Gh is going for 50 BTC.
Only idiots/the uninformed are paying these prices.
Or simply the ones that want a product in their hands quickly ?
It makes sense to replace existing owned GPUs with these on a hashrate basis Especially if you've hit roi on the gpus. The idea is sell the existing gpus while he prices are still good... take some portion of that profit and replace the lost hash rate with 1% of the power draw and almost none of the side costs. So while I wouldn't suggest new fiat buy these things... It does make some sense in the case I've described.
As for me: I just sold 6 of my oldest (and least profitable) video cards as well as a pair of 7950s. Allowing me to then sell most of the parts from the 2 machines that were running them... got a couple of nice 24 port usb hubs and enough of these to replace the lost hash rate... and still make ~1000 usd.
So net gain for me is 1000 usd + ~250 per month savings on electric costs. I don't particularly care that I overpaid from the perspective of 'new money'.
And transit time for the new miners to be delivered... just a few days.
You are mistakenly assuming these things will hold value. They will not. Once the difficulty rises a few more times, these things are going to be worthless. And, with the added bonus of it not being possible to use them for anything else, the resale value will become 0.
With GPU's, you can always get a relatively nice portion of resale value.
Except if you are thinking that way, not buying one in the first place would give you $960
This.
Everyone complains that ASICs are overpriced...
It is because so many noobs are willing to pay 2 BTC+ for 300Mh and most likely never break even. Hell, 10 Gh is going for 50 BTC.
Only idiots/the uninformed are paying these prices.
Or simply the ones that want a product in their hands quickly ?
It makes sense to replace existing owned GPUs with these on a hashrate basis Especially if you've hit roi on the gpus. The idea is sell the existing gpus while he prices are still good... take some portion of that profit and replace the lost hash rate with 1% of the power draw and almost none of the side costs. So while I wouldn't suggest new fiat buy these things... It does make some sense in the case I've described.
As for me: I just sold 6 of my oldest (and least profitable) video cards as well as a pair of 7950s. Allowing me to then sell most of the parts from the 2 machines that were running them... got a couple of nice 24 port usb hubs and enough of these to replace the lost hash rate... and still make ~1000 usd.
So net gain for me is 1000 usd + ~250 per month savings on electric costs. I don't particularly care that I overpaid from the perspective of 'new money'.
And transit time for the new miners to be delivered... just a few days.
My reasoning,
I am not trying to mine my 2 BTC back as much as I am trying to mine my ~ $240.00 back.... but if I mine .5 BTC over the entire life of the device lets say, and it costs me nothing to run, then all I need is for BTC to be ~ $480.00 / USD to break even at this point right.
I am not trying to mine my 2 BTC back as much as I am trying to mine my ~ $240.00 back.... but if I mine .5 BTC over the entire life of the device lets say, and it costs me nothing to run, then all I need is for BTC to be ~ $480.00 / USD to break even at this point right.
Except if you are thinking that way, not buying one in the first place would give you $960
This.
Everyone complains that ASICs are overpriced...
It is because so many noobs are willing to pay 2 BTC+ for 300Mh and most likely never break even. Hell, 10 Gh is going for 50 BTC.
Only idiots/the uninformed are paying these prices.
Or simply the ones that want a product in their hands quickly ?
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