Block Erupter USB Sales [Temporarily Out of Stock] - page 25.

CoinHoarder

legendary

Activity: 1484

Merit: 1026

In Cryptocoins I Trust

Quote from: Tigggger on June 11, 2013, 05:04:39 PM

Quote from: gettincoin on June 11, 2013, 03:47:51 PM

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.

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.

Tigggger

legendary

Activity: 1098

Merit: 1000

Quote from: gettincoin on June 11, 2013, 03:47:51 PM

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.

Except if you are thinking that way, not buying one in the first place would give you $960

gettincoin

newbie

Activity: 11

Merit: 0

My reasoning,

I am not trying to mine my 2 BTC back as much as I am trying to mine my ~ $240.00 back. If we assume that these will continue to work for a good long while, and that BTC will continue to appreciate vs the USD, then it can only pay for itself right.. I may never mine my 2 BTC 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... Given that there will only be 21 million BTC how can they not be this much and even more... Given the deflationary nature of BTC I won't even need the 2 BTC back to have the same purchasing power over time right... If this is not the case then the longevity of the experiment is likely lost anyway and I can just chalk up the cost to another risky investment... Of course, I could just buy the 2 BTC and let them appreciate, but that is against the whole point of the system. I like being a small part of making it work and keeping it decentralized, and besides it's cool and I'm not looking to get rich with this device... Grin

drwho88888

member

Activity: 70

Merit: 10

I just wanted to let others know what a great job Augusto did in organising the UK Group buy. I've just received mine and they're busy mining away.
I can't think of anything that Augusto could have done better. His communication was second to none and everything about the buy was freely available for all to see in his online spreadsheets.

As I've already told him, with all the crap and misinformation and scams that seem to have become associated with BTC its nice and refreshing to have been involved with one element that's proceeded flawlessly.

Everyone involved in the UK group buy organised by Augusto should thank the guy.

metalh47k

newbie

Activity: 28

Merit: 0

ROI is not a huge concern if you have free power. It is a case of set and forget with these little suckers. Maybe some at work. Maybe some at your grandma's house or your parent's house or your girlfriends house.

massnerder

sr. member

Activity: 308

Merit: 250

No power in the 'verse can stop me.

Quote from: arklan on June 01, 2013, 12:30:15 AM

power rate, man. 2.5 watts for the same power as gpus and less heat and space too.

the gpu still pays for itself just as fast as the usb stick, even after including electricity cost into the equation. not only does it give double the hashing power but a gpu has resale value, has utility for gaming / media, and can be pointed at scrypt coins and not just sha256 coins. I would love to buy some of these but not until the ROI is better than a gpu.

these will probably be better to run at some point when the difficulty is too high for gpu mining to be profitable, but they still have half the hashing power.... so if it really gets so bad that you can't make back the ~$10/mo. electric cost of running a gpu then you better have a whole lot of those sticks Grin

As cool as they are, I am gonna keep waiting for something a little bigger to become available

arklan

legendary

Activity: 1778

Merit: 1008

power rate, man. 2.5 watts for the same power as gpus and less heat and space too.

sinner

hero member

Activity: 615

Merit: 500

Quote from: prophetx on May 30, 2013, 04:19:20 AM

Why are these items selling for BTC1.99 at bulk rates? It does not make sense as they barely will break even after what maybe 1 yr at best?? If I buy 1000 usb sticks from china I expect to pay 50% less than if I order 100.

What's up with the economics here?

Especially for EU we have to deal with about 20 to 25% tax on top of that.

this.. i'm trying to rationalize buying these over GPUs and cant seem to do it

2BTC = $260 = 1 block erupter = 336Mhash
or, $300 = 1 7950 = 600 Mhash

ok, it probably uses less power, but it doesnt have other uses... i cant sell it later like i can sell a GPU

BitAddict

legendary

Activity: 1190

Merit: 1001

If you're from Spain you can buy it from my store! Soon shipping to all Europe!
24h shipping!

massnerder

sr. member

Activity: 308

Merit: 250

No power in the 'verse can stop me.

Quote from: prophetx on May 30, 2013, 04:19:20 AM

Why are these items selling for BTC1.99 at bulk rates? It does not make sense as they barely will break even after what maybe 1 yr at best?? If I buy 1000 usb sticks from china I expect to pay 50% less than if I order 100.

What's up with the economics here?

Especially for EU we have to deal with about 20 to 25% tax on top of that.

That's assuming the difficulty doesn't rise, which it will Roll Eyes

These are really cool, and that must be why they are selling so well, because it sure isn't for the ROI Grin

MineForeman.com

legendary

Activity: 896

Merit: 1000

Quote from: jasonslow on May 30, 2013, 07:52:24 PM

Do you ship to Philippines?

They do if you buy 50 or more. Otherwise you can try my group buy at;-

https://bitcointalksearch.org/topic/closed-group-buy-batch-two-asicminer-block-erupter-usb-international-219598

jasonslow

hero member

Activity: 574

Merit: 500

Do you ship to Philippines?

buyer

newbie

Activity: 56

Merit: 0

Quote from: prophetx on May 30, 2013, 04:19:20 AM

Why are these items selling for BTC1.99 at bulk rates? It does not make sense as they barely will break even after what maybe 1 yr at best?? If I buy 1000 usb sticks from china I expect to pay 50% less than if I order 100.

What's up with the economics here?

Especially for EU we have to deal with about 20 to 25% tax on top of that.

Where can I buy 1000 for 50% less? I need a discount!

prophetx

legendary

Activity: 1666

Merit: 1010

he who has the gold makes the rules

Why are these items selling for BTC1.99 at bulk rates? It does not make sense as they barely will break even after what maybe 1 yr at best?? If I buy 1000 usb sticks from china I expect to pay 50% less than if I order 100.

What's up with the economics here?

Especially for EU we have to deal with about 20 to 25% tax on top of that.

WuLabsWuTecH

sr. member

Activity: 252

Merit: 250

Does this work with GUIminer?

buyer

newbie

Activity: 56

Merit: 0

yer getting there but not quite where I need you. If you'd like to join me to see if we can get a deeper discount I'm all ears. the ztex guys did a nice job of discounting large orders.

CanaryInTheMine

donator

Activity: 2352

Merit: 1060

between a rock and a block!

Quote from: buyer on May 29, 2013, 09:42:32 PM

Who wants to buy a bunch of these? PM me if you want order 500 of these.

https://bitcointalksearch.org/topic/closedusacanada-buy-3-13550-asicminer-erupter-usb-203636-each-5-units-219422

buyer

newbie

Activity: 56

Merit: 0

Who wants to buy a bunch of these? PM me if you want order 500 of these.

daemondazz

sr. member

Activity: 448

Merit: 250

Quote from: tvbcof on May 29, 2013, 03:17:48 PM

Quote from: daemondazz on May 28, 2013, 07:09:03 PM

Quote from: ?? on ??

... since macOS is actually linux ...

Quick, you better tell Apple that!! I'm sure they believe it's BSD!!!!!

BSD and Linux are different, even if very similar.

I personally consider Apple to be more Mach then BSD since I place significance on the kernel structures, though the userland is related to FreeBSD. Probably would have been, or would now be, closer to Linux but for license issues.

And BSD vs. Linux have some pretty significant differences in things like the USB stack so 'very similar' is arguable.

I was simplifying, having used both (Linux and BSD, not just FreeBSD) since about '98 I am aware of the differences.

CanaryInTheMine

donator

Activity: 2352

Merit: 1060

between a rock and a block!

Quote from: DavinciJ15 on May 28, 2013, 09:56:57 PM

Sent an email message but got no response yet.

I have a group buy here: https://bitcointalksearch.org/topic/closedusacanada-buy-3-13550-asicminer-erupter-usb-203636-each-5-units-219422

Topic: Block Erupter USB Sales [Temporarily Out of Stock] - page 25. (Read 93208 times)