Block Erupter USB Sales [Temporarily Out of Stock] - page 7.

Rampion

legendary

Activity: 1148

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Quote from: phorensic on June 28, 2013, 12:37:00 PM

Quote from: dentldir on June 28, 2013, 12:06:52 PM

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.

phorensic

hero member

Activity: 630

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Quote from: ?? on ??

Quote from: phorensic on June 28, 2013, 11:52:22 AM

1) You never calculate the price of BTC when considering ROI.

This argument is flawed and has been proved wrong multiple times. You have to compare it to buying BTC and hoarding it.

It really show how clueless the buyers are.

The way I meant that is that the "you" was everyone else. As in everyone else is not calculating the price of BTC when considering ROI. Even the calculators I use on the websites don't let you put in a price increase in the BTC price.

phorensic

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Activity: 630

Merit: 500

Quote from: dentldir on June 28, 2013, 12:06:52 PM

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.

dentldir

sr. member

Activity: 333

Merit: 250

I thought I'd ruffle some feathers with that post. In no particular order:

I already have public nodes on good bandwidth for helping others download the blockchain. A fine suggestion I might add.

In the case of Jalapenos, if I could go back in time and buy more to have today, I would have.

Friedcat has been fairly responsible with his "dominance" if you think about it. The competition will come soon enough.

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.

Bitcoinorama

hero member

Activity: 532

Merit: 500

Quote from: Trongersoll on June 28, 2013, 12:00:10 PM

Quote from: Bitcoinorama on June 28, 2013, 11:57:30 AM

Quote from: phorensic on June 28, 2013, 11:52:22 AM

I see two problems with you guys complaining about the price.

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.

Ummm, pardon me for pointing out the bleeding obvious, but you pay for these in BTC; if you pay minimum 1 BTC, and don't get minimum 1 BTC back, you lose, capiche?

Quote from: phorensic on June 28, 2013, 11:52:22 AM

2) I see 1.0 BTC price as a parity with available GPU's. It seems that 1 BTC , ~$100 can not buy you 300MH/s of GPU power. Doesn't that make this USB ASIC a better value than a GPU? Let's forget spending $5-10k on a huge ASIC setup and getting more MH/s per $, I'm speaking for the little guys here who might have been contemplating adding more GPU's while BFL and other companies completely fail at shipping their ASICs.

You can sell GPUs afterwards and recover some more monies invested, these become Fried Cat's novelty promo freebies come September when they are useless.

hmmm... This doesn't sound like the usual tone of Bitcoinorama, hijacked account?

Noo, actually a bit pissed off today, lots of PM's all from people that don't and won't find easy answers themselves, or will contact people directly themselves that do have the answers. I should probably step away from the screen... Wink

That aside, this has nothing to do with that. USB eruptors are one huuuuge rip off for impatient people that have to buy an ASIC whatever the cost without thinking rationally. A graphics card has multiple uses and resale value once used. These don't and will never achieve ROI.

Current reasonable pricing is 0.3BTC and 10BTC for the blades, and that window of opportunity itself is reducing day by day.

Trongersoll

hero member

Activity: 490

Merit: 501

Quote from: Bitcoinorama on June 28, 2013, 11:57:30 AM

Quote from: phorensic on June 28, 2013, 11:52:22 AM

I see two problems with you guys complaining about the price.

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.

Ummm, pardon me for pointing out the bleeding obvious, but you pay for these in BTC; if you pay minimum 1 BTC, and don't get minimum 1 BTC back, you lose, capiche?

Quote from: phorensic on June 28, 2013, 11:52:22 AM

2) I see 1.0 BTC price as a parity with available GPU's. It seems that 1 BTC , ~$100 can not buy you 300MH/s of GPU power. Doesn't that make this USB ASIC a better value than a GPU? Let's forget spending $5-10k on a huge ASIC setup and getting more MH/s per $, I'm speaking for the little guys here who might have been contemplating adding more GPU's while BFL and other companies completely fail at shipping their ASICs.

You can sell GPUs afterwards and recover some more monies invested, these become Fried Cat's novelty promo freebies come September when they are useless.

hmmm... This doesn't sound like the usual tone of Bitcoinorama, hijacked account?

AM4Bitcoin

full member

Activity: 189

Merit: 100

Quote from: phorensic on June 28, 2013, 11:52:22 AM

I see two problems with you guys complaining about the price.

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.

2) I see 1.0 BTC price as a parity with available GPU's. It seems that 1 BTC , ~$100 can not buy you 300MH/s of GPU power. Doesn't that make this USB ASIC a better value than a GPU? Let's forget spending $5-10k on a huge ASIC setup and getting more MH/s per $, I'm speaking for the little guys here who might have been contemplating adding more GPU's while BFL and other companies completely fail at shipping their ASICs.

1) If you think the price is increasing why would you buy these usbs? Buy Bitcoin instead.
2) USB ASIC are better then gpus but they wont ROI anyway.

Bitcoinorama

hero member

Activity: 532

Merit: 500

Quote from: phorensic on June 28, 2013, 11:52:22 AM

I see two problems with you guys complaining about the price.

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.

Ummm, pardon me for pointing out the bleeding obvious, but you pay for these in BTC; if you pay minimum 1 BTC, and don't get minimum 1 BTC back, you lose, capiche?

Quote from: phorensic on June 28, 2013, 11:52:22 AM

2) I see 1.0 BTC price as a parity with available GPU's. It seems that 1 BTC , ~$100 can not buy you 300MH/s of GPU power. Doesn't that make this USB ASIC a better value than a GPU? Let's forget spending $5-10k on a huge ASIC setup and getting more MH/s per $, I'm speaking for the little guys here who might have been contemplating adding more GPU's while BFL and other companies completely fail at shipping their ASICs.

You can sell GPUs afterwards and recover some more monies invested, these become Fried Cat's novelty promo freebies come September when they are useless.

tom_o

sr. member

Activity: 308

Merit: 250

No ones adding GPU to mine SHA256 unless they REALLY can't do their calculations right. And if BTC price goes so much higher as you expect you're better off with bitcoins than these, the higher the BTC price, the more people are going to bring bring new miners online; increasing difficulty even faster.

phorensic

hero member

Activity: 630

Merit: 500

I see two problems with you guys complaining about the price.

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.

2) I see 1.0 BTC price as a parity with available GPU's. It seems that 1 BTC , ~$100 can not buy you 300MH/s of GPU power. Doesn't that make this USB ASIC a better value than a GPU? Let's forget spending $5-10k on a huge ASIC setup and getting more MH/s per $, I'm speaking for the little guys here who might have been contemplating adding more GPU's while BFL and other companies completely fail at shipping their ASICs.

Soros Shorts

donator

Activity: 1617

Merit: 1012

I bought a bunch of these to support the p2pool network - at a loss, but so what? It is my BTC, not yours.

These actually run p2pool very well with not too many stales. So does the Jalapeno, but these aren't readily available.

My Avalon cannot run p2pool as it generates a shitload of stales.

Bitcoinorama

hero member

Activity: 532

Merit: 500

Quote from: tom_o on June 28, 2013, 11:31:46 AM

Quote from: dentldir on June 28, 2013, 11:17:10 AM

You buy these because your GPU mining rigs have been profitable for over 2 years and you are turning them off now. Averaging up a tiny bit in BTC is worth the power savings to maintain percentage of hash rate while difficulty is still low.

You buy these because they compliment your Jalapenos or FPGAs which are also already profitable.

You buy them to support the network instead of expecting the network to support you.

If you really want to support the network run a few nodes on dedicated/virtualised servers to help new users load the blockchain quicker.

+1

tom_o

sr. member

Activity: 308

Merit: 250

Quote from: dentldir on June 28, 2013, 11:17:10 AM

You buy these because your GPU mining rigs have been profitable for over 2 years and you are turning them off now. Averaging up a tiny bit in BTC is worth the power savings to maintain percentage of hash rate while difficulty is still low.

You buy these because they compliment your Jalapenos or FPGAs which are also already profitable.

You buy them to support the network instead of expecting the network to support you.

If you really want to support the network run a few nodes on dedicated/virtualised servers to help new users load the blockchain quicker.

Flying Hellfish

legendary

Activity: 1764

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Verified Bernie Bro - Feel The Bern!

Quote from: dentldir on June 28, 2013, 11:17:10 AM

You buy these because your GPU mining rigs have been profitable for over 2 years and you are turning them off now. Averaging up a tiny bit in BTC is worth the power savings to maintain percentage of hash rate while difficulty is still low.

You buy these because they compliment your Jalapenos or FPGAs which are also already profitable.

You buy them to support the network instead of expecting the network to support you.

IOW you buy these to lose money. You simply can not argue the numbers here, past profitability, percentage of network hash rate, complimenting other gear are all irrelevant. If you can not mine more BTC than you spend to purchase a device that literally can do one thing and one thing only then you have lost.

If you want to argue the network decentralization/support bullshit fine so be it, if your happy to lose money supporting an almost 200TH (and growing exponentially) network with LOL 300MH and it costing you money fine, but it will not ever return more than it will cost to purchase (at ~$300/GH). If you want to support the network why not CPU mine, oh wait because it will lose money and it will make essentially 0 difference to network security.

Bitcoinorama

hero member

Activity: 532

Merit: 500

Quote from: dentldir on June 28, 2013, 11:17:10 AM

You buy these because your GPU mining rigs have been profitable for over 2 years and you are turning them off now. Averaging up a tiny bit in BTC is worth the power savings to maintain percentage of hash rate while difficulty is still low.

You buy these because they compliment your Jalapenos or FPGAs which are also already profitable.

You buy them to support the network instead of expecting the network to support you.

No you don't you buy these to support ASICminer's centralisation and thus Fried Cats dominance.

There is nothing positive in this deal for anyone, but them.

These don't compliment sh*t, you'll never see a return, you give it all to Fried Cat ahead of time.

dentldir

sr. member

Activity: 333

Merit: 250

You buy these because your GPU mining rigs have been profitable for over 2 years and you are turning them off now. Averaging up a tiny bit in BTC is worth the power savings to maintain percentage of hash rate while difficulty is still low.

You buy these because they compliment your Jalapenos or FPGAs which are also already profitable.

You buy them to support the network instead of expecting the network to support you.

kendog77

hero member

Activity: 742

Merit: 500

Quote from: Bitcoinorama on June 28, 2013, 10:52:11 AM

Why buy these??! Huh

it's utterly ridiculous, let Fried cat hold onto them and hand them out as promo freebies come September...

Never underestimate the number of people who are very bad at math...

Bitcoinorama

hero member

Activity: 532

Merit: 500

Why buy these??! Huh

it's utterly ridiculous, let Fried cat hold onto them and hand them out as promo freebies come September...

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: Flying Hellfish on June 27, 2013, 08:46:14 PM

Quote from: ZipTheRip on June 27, 2013, 08:16:10 PM

when is the next group buy for US residents? id like to buy just 1 to augament my current rig! finally earned a BTC and im going to reinvest it!!!

You've made 1 BTC and now you want to invest it in a device that in all likely hood will produce less than 1 BTC in its lifetime? Most people will agree that you would be better off (from a profit standpoint) to hoard that coin than buy one of these.

people are retarded, lmao

finlof

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Activity: 630

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CREATED A GROUP BUY POST - https://bitcointalksearch.org/topic/usb-miners-group-buy-1-finlof-245523

Quote from: ZipTheRip on June 27, 2013, 08:16:10 PM

when is the next group buy for US residents? id like to buy just 1 to augament my current rig! finally earned a BTC and im going to reinvest it!!!

If you have the BTC to send me today then I will facilitate a group buy. I already have the coin for an order of 50, and one other person that is requesting I include his in with my order. so here's what I will do:

1. cost of miners in BTC : (1) for 1.1, (2) for 2.17, (3) for 3.23, (4) for 4.28, and (5) for 5.3. any amount above 5 will be # + 0.3 BTC (ie 10 would be 10 + 0.3 = 10.3). price includes priority flat rate shipping TO THE US. if you want expedited shipping TO THE US then include 0.15 BTC more. for orders outside the US please PM me for the extra cost of shipping.
2. send payment to 14YRRFPP1cJNcwkqJmSrCQ1EbME5XHWvoN before 6/28/13 @ 7pm SERVER TIME (that's 2pm CST). also PM me a signed message from your address so I know it's legit (if you need help on signing a message look at this post with all the info - https://bitcointalksearch.org/topic/help-how-do-i-sign-a-message-using-my-blockchaininfo-address-180068
3. once I receive miners I will ship out within the next business day.
4. if you want escrow contact John K. or TAT. buyer covers escrow fees.

Please Note:
Only send payments from an address you control (i.e. you can sign with it). If you send from MtGox or other exchanges, you risk loosing your funds since you can't prove you sent them. Please send from a wallet you can sign a message with. You will send your shipping address via this method.

CREATED A GROUP BUY POST - https://bitcointalksearch.org/topic/usb-miners-group-buy-1-finlof-245523

Topic: Block Erupter USB Sales [Temporarily Out of Stock] - page 7. (Read 93208 times)