Quote
will buy one of these and run it for as long as I can until it burns out
- Did you see the table:
and can you see a trend:
Topic: Block Erupter USB Sales [Temporarily Out of Stock] - page 6. (Read 93208 times)
- Did you see the table:
and can you see a trend:
dumb dumbs on Ebay
Collectors on ebay. We call them collectors.
That is a much better name for them I suppose... "don't bite the hand that feeds you!"
I sold my first gen USB erupters at eBay for 230-300€. So basicly I got some for free now.
They still seem to be going for about $150-$200
I sold my first gen USB erupters at eBay for 230-300€. So basicly I got some for free now.
dumb dumbs on Ebay
Collectors on ebay. We call them collectors.
Buying block Erupters is my bet against the other ASIC manufacturers. I think a lot of them will suffer more and many delays. A lot of people putting money down on kncminer/terrahash/bfl/et al are going to see delays IMO.
To hedge my investment in block erupters I am going to be reselling them for 125-150% what I bought them for to dumb dumbs on Ebay.
Even if I didn't do that ^, I still feel I'd break even on these in about a year or two. Not bad IMO, this is definitely the best available option right now as far as ASICs. You guys that are too worried about $ per Gh are going to be sad when the delays kick in a la BFL from your order.
To hedge my investment in block erupters I am going to be reselling them for 125-150% what I bought them for to dumb dumbs on Ebay.
Even if I didn't do that ^, I still feel I'd break even on these in about a year or two. Not bad IMO, this is definitely the best available option right now as far as ASICs. You guys that are too worried about $ per Gh are going to be sad when the delays kick in a la BFL from your
According to the http://www.bitcoinx.com/profit/ calculator, a block erupter USB will earn 1 BTC in 3-4 months based on the current levels of difficulty inflation. Even if you plug in that difficulty will increase 20X in the next 12 months, it still shows a (tiny) profit after 10 months of operation.
This is not great, but it is dramatically outperforming ASICMINER stock, for example.
Why is everyone insisting that it will never show a profit? Are you assuming difficulty will increase 100X in the next year? Are you assuming power costs that are much higher than average?
If you want to mine, what else are you going to buy? Place a BFL order and wait 6 months? Buy a video card with terrible performance per watt? I understand some people feel that mining is just a bad idea and buying and holding BTC is smarter, but if you are set on mining it seems to me that these USB are the best currently available option.
I need to quote this again because you are proving my points exactly. I totally agree with you. We must have the same decision making process, lol. Seriously, if you want to mine, what else would you buy? I actually did place a BFL order, then realized I wouldn't get it until Q2 of 2014! Got my refund on that. FPGA is kind of a joke. And if I bought a 300-600MH/s video card it would cost me more than this ~$100 USB ASIC miner. What is the next step up on what is actually shipping in the ASIC world? Isn't it like a $5000-$10000 investment to get anything else? Sure the MH/s per $ goes up, but not many people have that kind of money to throw around. That leaves this USB stick as the best low cost investment currently as far as I can tell. At 2 BTC it definitely made me scratch my head, and after weeks of thinking about it I just couldn't justify it. But at 1 BTC or ~$100, it now makes sense. And I don't care of it goes down to 0.5 BTC or ~$50, I might buy more if it does.This is not great, but it is dramatically outperforming ASICMINER stock, for example.
Why is everyone insisting that it will never show a profit? Are you assuming difficulty will increase 100X in the next year? Are you assuming power costs that are much higher than average?
If you want to mine, what else are you going to buy? Place a BFL order and wait 6 months? Buy a video card with terrible performance per watt? I understand some people feel that mining is just a bad idea and buying and holding BTC is smarter, but if you are set on mining it seems to me that these USB are the best currently available option.
Ok ok! Go ahead and spend all your money on USB sticks!
I think you need to recheck your sums.
http://www.coindesk.com/exponential-leap-in-bitcoin-hash-rates/
I'm not getting those results and we haven't even remotely had what is around the corner enter the equation.
I quote your page: "this shows an increase of 1111% YoY"
I quote myself: "if you plug in that difficulty will increase 20X in the next 12 months, it still shows a (tiny) profit after 10 months"
Do you know that a 1111% increase is smaller than a 20X increase? Your page supports my post, it doesn't disprove it.
X20? That's nothing, in the last few months (since March) difficulty already went x5 only because of ASICMiner and the few Avalons hashing in the wild. You really think x20 is a lot? It can easily be x35 or x50 if follows the same exponential trend as per the last 2 difficulty adjustments.
Quote from: chiropteran
According to the http://www.bitcoinx.com/profit/ calculator, a block erupter USB will earn 1 BTC in 3-4 months based on the current levels of difficulty inflation. Even if you plug in that difficulty will increase 20X in the next 12 months, it still shows a (tiny) profit after 10 months of operation.
This is not great, but it is dramatically outperforming ASICMINER stock, for example.
Why is everyone insisting that it will never show a profit? Are you assuming difficulty will increase 100X in the next year? Are you assuming power costs that are much higher than average?
If you want to mine, what else are you going to buy? Place a BFL order and wait 6 months? Buy a video card with terrible performance per watt? I understand some people feel that mining is just a bad idea and buying and holding BTC is smarter, but if you are set on mining it seems to me that these USB are the best currently available option.
I need to quote this again because you are proving my points exactly. I totally agree with you. We must have the same decision making process, lol. Seriously, if you want to mine, what else would you buy? I actually did place a BFL order, then realized I wouldn't get it until Q2 of 2014! Got my refund on that. FPGA is kind of a joke. And if I bought a 300-600MH/s video card it would cost me more than this ~$100 USB ASIC miner. What is the next step up on what is actually shipping in the ASIC world? Isn't it like a $5000-$10000 investment to get anything else? Sure the MH/s per $ goes up, but not many people have that kind of money to throw around. That leaves this USB stick as the best low cost investment currently as far as I can tell. At 2 BTC it definitely made me scratch my head, and after weeks of thinking about it I just couldn't justify it. But at 1 BTC or ~$100, it now makes sense. And I don't care of it goes down to 0.5 BTC or ~$50, I might buy more if it does. This is not great, but it is dramatically outperforming ASICMINER stock, for example.
Why is everyone insisting that it will never show a profit? Are you assuming difficulty will increase 100X in the next year? Are you assuming power costs that are much higher than average?
If you want to mine, what else are you going to buy? Place a BFL order and wait 6 months? Buy a video card with terrible performance per watt? I understand some people feel that mining is just a bad idea and buying and holding BTC is smarter, but if you are set on mining it seems to me that these USB are the best currently available option.
1) You never calculate the price of BTC when considering ROI. What if BTC goes to $200, $300, or even higher? It seems all calculations assume ~$100 price forever and everyone's ultimate conclusion is that you could never make a profit.
With BTC losing 25% of its value just recently, you're being very optimistic.
1) You never calculate the price of BTC when considering ROI. What if BTC goes to $200, $300, or even higher? It seems all calculations assume ~$100 price forever and everyone's ultimate conclusion is that you could never make a profit.
With BTC losing 25% of its value just recently, you're being very optimistic.
I think you need to recheck your sums.
http://www.coindesk.com/exponential-leap-in-bitcoin-hash-rates/
I'm not getting those results and we haven't even remotely had what is around the corner enter the equation.
I quote your page: "this shows an increase of 1111% YoY"
I quote myself: "if you plug in that difficulty will increase 20X in the next 12 months, it still shows a (tiny) profit after 10 months"
Do you know that a 1111% increase is smaller than a 20X increase? Your page supports my post, it doesn't disprove it.
Ignore the year on year value, use the quarterly and treat it as conservative, because when any if the potential contenders deliver in the near future it will destroy the current global hashrate. Then there's the cumulative effect of competitors to factor in addition.
I think you need to recheck your sums.
http://www.coindesk.com/exponential-leap-in-bitcoin-hash-rates/
I'm not getting those results and we haven't even remotely had what is around the corner enter the equation.
I quote your page: "this shows an increase of 1111% YoY"
I quote myself: "if you plug in that difficulty will increase 20X in the next 12 months, it still shows a (tiny) profit after 10 months"
Do you know that a 1111% increase is smaller than a 20X increase? Your page supports my post, it doesn't disprove it.
buying those is like buying $5 with $10
utterly retarded
utterly retarded
heck, i'm not afraid to be thought retarded. heh. Ok, here is another way to look at it. Recreational Boat owners often say that a boat is a hole in the water that you throw money in. Their ROI is in consumption and personal enjoyment.
So, i buy a few of these using $$$. I then write off the cost in the name of entertainment, a hobby. So i'm looking for no ROI. Now I'm starting to accumulate Bitcoins strictly for the cost of electricity. Some people may value these coins at current exchange rates, I don't. I value them at the cost of Elec. to produce them. I then use these relatively cheap coins to buy more miners, thus creating even more BTCs which i invest in more hardware. Notice, no longer spending $$$ except on Elec. By constantly plowing gains back in the Bitcoin Mine/Farm will continue to grow for the cost of Electricity. If at sometime in the future i decide i've grown too big, then I'll skim some coins to convert to $$$.
ROI? Who cares, I'm having fun.
According to the http://www.bitcoinx.com/profit/ calculator, a block erupter USB will earn 1 BTC in 3-4 months based on the current levels of difficulty inflation. Even if you plug in that difficulty will increase 20X in the next 12 months, it still shows a (tiny) profit after 10 months of operation.
This is not great, but it is dramatically outperforming ASICMINER stock, for example.
Why is everyone insisting that it will never show a profit? Are you assuming difficulty will increase 100X in the next year? Are you assuming power costs that are much higher than average?
If you want to mine, what else are you going to buy? Place a BFL order and wait 6 months? Buy a video card with terrible performance per watt? I understand some people feel that mining is just a bad idea and buying and holding BTC is smarter, but if you are set on mining it seems to me that these USB are the best currently available option.
The calculations I use put me in the ~128 day range. I don't see that as a half bad investment. I think a lot of people in this thread are get rich quick guys that think they can turn a profit day 1. Even if the difficulty goes up in a parabolic curve, 1 year ROI isn't so bad either.This is not great, but it is dramatically outperforming ASICMINER stock, for example.
Why is everyone insisting that it will never show a profit? Are you assuming difficulty will increase 100X in the next year? Are you assuming power costs that are much higher than average?
If you want to mine, what else are you going to buy? Place a BFL order and wait 6 months? Buy a video card with terrible performance per watt? I understand some people feel that mining is just a bad idea and buying and holding BTC is smarter, but if you are set on mining it seems to me that these USB are the best currently available option.
I think you need to recheck your sums.
http://www.coindesk.com/exponential-leap-in-bitcoin-hash-rates/
I'm not getting those results and we haven't even remotely had what is around the corner enter the equation.
buying those is like buying $5 with $10
utterly retarded
utterly retarded
According to the http://www.bitcoinx.com/profit/ calculator, a block erupter USB will earn 1 BTC in 3-4 months based on the current levels of difficulty inflation. Even if you plug in that difficulty will increase 20X in the next 12 months, it still shows a (tiny) profit after 10 months of operation.
This is not great, but it is dramatically outperforming ASICMINER stock, for example.
Why is everyone insisting that it will never show a profit? Are you assuming difficulty will increase 100X in the next year? Are you assuming power costs that are much higher than average?
If you want to mine, what else are you going to buy? Place a BFL order and wait 6 months? Buy a video card with terrible performance per watt? I understand some people feel that mining is just a bad idea and buying and holding BTC is smarter, but if you are set on mining it seems to me that these USB are the best currently available option.
The calculations I use put me in the ~128 day range. I don't see that as a half bad investment. I think a lot of people in this thread are get rich quick guys that think they can turn a profit day 1. Even if the difficulty goes up in a parabolic curve, 1 year ROI isn't so bad either. This is not great, but it is dramatically outperforming ASICMINER stock, for example.
Why is everyone insisting that it will never show a profit? Are you assuming difficulty will increase 100X in the next year? Are you assuming power costs that are much higher than average?
If you want to mine, what else are you going to buy? Place a BFL order and wait 6 months? Buy a video card with terrible performance per watt? I understand some people feel that mining is just a bad idea and buying and holding BTC is smarter, but if you are set on mining it seems to me that these USB are the best currently available option.
I bought two 5830's in May of 2011. Fire off the calculations you guys are so eager to do, I'm genuinely interested to see how it compares to today's scenarios.
Since then I only added a 7970, but I also made my ROI on that pretty quick. Can't remember when I bought it though, some time last year. I stopped at ~800W of total power draw because I mine in my bedroom and I can't take any more heat in here in SoCal weather. Another benefit of buying a THREE watt USB stick that has the same power as a couple hundred watt GPU.
Since then I only added a 7970, but I also made my ROI on that pretty quick. Can't remember when I bought it though, some time last year. I stopped at ~800W of total power draw because I mine in my bedroom and I can't take any more heat in here in SoCal weather. Another benefit of buying a THREE watt USB stick that has the same power as a couple hundred watt GPU.
Well said.
According to the http://www.bitcoinx.com/profit/ calculator, a block erupter USB will earn 1 BTC in 3-4 months based on the current levels of difficulty inflation. Even if you plug in that difficulty will increase 20X in the next 12 months, it still shows a (tiny) profit after 10 months of operation.
This is not great, but it is dramatically outperforming ASICMINER stock, for example.
Why is everyone insisting that it will never show a profit? Are you assuming difficulty will increase 100X in the next year? Are you assuming power costs that are much higher than average?
If you want to mine, what else are you going to buy? Place a BFL order and wait 6 months? Buy a video card with terrible performance per watt? I understand some people feel that mining is just a bad idea and buying and holding BTC is smarter, but if you are set on mining it seems to me that these USB are the best currently available option.
This is not great, but it is dramatically outperforming ASICMINER stock, for example.
Why is everyone insisting that it will never show a profit? Are you assuming difficulty will increase 100X in the next year? Are you assuming power costs that are much higher than average?
If you want to mine, what else are you going to buy? Place a BFL order and wait 6 months? Buy a video card with terrible performance per watt? I understand some people feel that mining is just a bad idea and buying and holding BTC is smarter, but if you are set on mining it seems to me that these USB are the best currently available option.
Finally, if you made ROI years ago with CPUs, GPUs, and FPGAs, then ASIC USB sticks are an excellent way to spend some BTC if you choose. They will definitely generate more BTC than a steak dinner.
I fit in this category. I made ROI a *long* time ago with my GPU's and have made a lot of profit off of them. With the price reduction it now doesn't make any sense to buy GPU's. I will buy one of these and run it for as long as I can until it burns out. If that is as long as my GPU's have been running I'm pretty sure I can make my ROI. If something happens and the difficulty drops, like it has in the past, and the price of BTC goes up, I could make a little bit of $$. Hell, when I bought my GPU's I thought it might be 2 years before I could make my ROI, it turned out to be a month.Yes? When that happened and what GPUs did you buy? Please let us know so we can see what the difficulty was during that time, the exchange rate and how many coins you mined in 30 days.
Also model of GPU and thus todays resale value...
(Bearing in mind that same GPU would still cost x amount more to make than ASICminers $10/15 USB eruptor)
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