[Block Erupter USB]0.10BTC-0.12BTC, Distribution Re-Opened

polarhei

sr. member

Activity: 462

Merit: 250

Firing it up

Quote from: bitcoiner49er on September 09, 2013, 01:19:27 PM

Quote from: JimiQ84 on September 09, 2013, 12:13:55 PM

Did Kano already saw this? Shocked

Maybe he will stop bashing USB erupters now

Still won't ROI. Not that that makes them obsolete, they are good for learning about bitcoin and mining.

Number is the only factor. If there are at least 50 connected, You still do the true thing as there are many scams, unless the true 100Gh/s in 28nm transistor released into wild.

For me, I still select this one if available. Which I suggest people to select the friedcat's being first then ask other as currently no one is doing the true thing at a moment. No True hashrate= being dead.

balanghai

sr. member

Activity: 364

Merit: 253

Quote from: klondike_bar on September 20, 2013, 07:28:16 PM

its all about the resale for these, personal use will never turn a profit sadly.

I bought 8 of them for about 1.3 BTC (after tax, shipping, etc), and just resold 3 of them for a total 0.8 BTC, putting me at a relative cost of 0.1BTC per unit i still have. These have each mined almost 0.01BTC and are still up for sale

So is it officially for sale? Can you pm me the details?

klondike_bar

legendary

Activity: 2128

Merit: 1005

ASIC Wannabe

its all about the resale for these, personal use will never turn a profit sadly.

I bought 8 of them for about 1.3 BTC (after tax, shipping, etc), and just resold 3 of them for a total 0.8 BTC, putting me at a relative cost of 0.1BTC per unit i still have. These have each mined almost 0.01BTC and are still up for sale

balanghai

sr. member

Activity: 364

Merit: 253

So how about bitfury coming in to the scene? Does BE have more buyers?

mem

hero member

Activity: 644

Merit: 501

Herp Derp PTY LTD

Quote from: aurel57 on September 15, 2013, 05:00:30 PM

My only bitch is I was one of the first buyer of the USB miners where I bought 15 @ 1.99BTC each, in Canary's group buy #1 and was one of the last to get the coupon at .15 each when he was selling them to anybody at .18. It would have been nice if the coupon deal would have been done more fair than it was.

Same here, by the time the coupon was offered it was worthless.

aurel57

legendary

Activity: 1232

Merit: 1000

Kind of funny how when ASIC miners were the only game in town everyone was saying how great of a guy friedcat is for producing and selling a product that was getting into peoples hands... now some want to tar and feather him because of things out of his control.

My only bitch is I was one of the first buyer of the USB miners where I bought 15 @ 1.99BTC each, in Canary's group buy #1 and was one of the last to get the coupon at .15 each when he was selling them to anybody at .18. It would have been nice if the coupon deal would have been done more fair than it was.

Bitcoinorama

hero member

Activity: 532

Merit: 500

I have to lol at the price, I predicted this two months ago as being reasonable...then.

bobsag3

hero member

Activity: 546

Merit: 500

Owner, Minersource.net

Quote from: TiuraZ on September 15, 2013, 03:29:51 PM

Quote from: dbbit on September 13, 2013, 08:35:31 PM

Quote from: friedcat on September 09, 2013, 11:24:12 AM

We are glad to announce that we decided to continue distributing more Block Erupter USBs
as a limitation-free extension of the coupon plan in the last two months. Besides for mining alone,
at the coupon price level they serve perfectly as gifts as well as mining introduction devices.

What's the price if I don't have a coupon and just want to buy 50?

I'd like to know that too. The only European reseller is adding 60% margin + shipping.

At least they should be available through more resellers. Monopoly isn't good.

If yall want to get 50, I ship here/international for basically my margin being 10$/hr. Free shipping too unlike most.

TiuraZ

member

Activity: 101

Merit: 10

Quote from: dbbit on September 13, 2013, 08:35:31 PM

Quote from: friedcat on September 09, 2013, 11:24:12 AM

We are glad to announce that we decided to continue distributing more Block Erupter USBs
as a limitation-free extension of the coupon plan in the last two months. Besides for mining alone,
at the coupon price level they serve perfectly as gifts as well as mining introduction devices.

What's the price if I don't have a coupon and just want to buy 50?

I'd like to know that too. The only European reseller is adding 60% margin + shipping.

At least they should be available through more resellers. Monopoly isn't good.

gravitate

legendary

Activity: 1372

Merit: 1000

I could have bough 15 bitcoins but now I am stuck with 1.6 Bitcoins that cost me 1900 USD. I can laugh about it now but I did go through some darkness about it.

gravitate

legendary

Activity: 1372

Merit: 1000

Quote from: rpg on September 15, 2013, 01:05:35 PM

Quote from: Professor James Moriarty on September 15, 2013, 12:40:21 AM

I believe the difficulty will go %10+ forever on every difficulty change.

I am not a technical man nor I have any knowledge on circuits but I think if asics managed this much raise, there would be some new hardware with much more higher hashrates , maybe they will still be asics but just 'better' ones.

this increase is all ASIC genenaration 1 coming to market. The second generation of .28 chips will start hitting the market in the fall. In regards to the price of manufacturing meeting the difficulty there's still ways to go. Remember the manufacturing cost of these USB sticks is around .01 to .02 (what a profit margin when they were selling them at over 2 BTC, talk about striking it rich with BTCs). The question that should be placed is when the manufacturers no longer think the profit margin is worth the trouble.

So the 30% a period will continue for the foreseeable future. These sticks will be unprofitable (power cost = revenue) at 2 million difficulty, but you'll never recover your investment, you'll do it as a hobby. That's why they have lowered the price so much, they're trying to milk the last drop of milk out of the BTC cow and playing on the people stupidity into ordering 100s thinking they are smarter then the guy next door that is also ordering 100s. .08 is probably the lowest they will go before closing up shop or releasing a .28 chip

This sounds like sense. I bought 12 of these for 1900 usd. I feel like a right plonker now. I do not think I have been unlucky I should have done my research instead of jumping in head first. ASIC miners are a scam even at this price. A total Scam. I have mine mining alt currencies now in a hope they gain popularity as I have given up with getting 0.1 bitcoin per week.

rpg

hero member

Activity: 728

Merit: 500

Quote from: Professor James Moriarty on September 15, 2013, 12:40:21 AM

I believe the difficulty will go %10+ forever on every difficulty change.

I am not a technical man nor I have any knowledge on circuits but I think if asics managed this much raise, there would be some new hardware with much more higher hashrates , maybe they will still be asics but just 'better' ones.

this increase is all ASIC genenaration 1 coming to market. The second generation of .28 chips will start hitting the market in the fall. In regards to the price of manufacturing meeting the difficulty there's still ways to go. Remember the manufacturing cost of these USB sticks is around .01 to .02 (what a profit margin when they were selling them at over 2 BTC, talk about striking it rich with BTCs). The question that should be placed is when the manufacturers no longer think the profit margin is worth the trouble.

So the 30% a period will continue for the foreseeable future. These sticks will be unprofitable (power cost = revenue) at 2 million difficulty, but you'll never recover your investment, you'll do it as a hobby. That's why they have lowered the price so much, they're trying to milk the last drop of milk out of the BTC cow and playing on the people stupidity into ordering 100s thinking they are smarter then the guy next door that is also ordering 100s. .08 is probably the lowest they will go before closing up shop or releasing a .28 chip

Professor James Moriarty

sr. member

Activity: 434

Merit: 250

I believe the difficulty will go %10+ forever on every difficulty change.

I am not a technical man nor I have any knowledge on circuits but I think if asics managed this much raise, there would be some new hardware with much more higher hashrates , maybe they will still be asics but just 'better' ones.

Xian01

legendary

Activity: 1652

Merit: 1067

Christian Antkow

Quote from: hendo420 on September 14, 2013, 06:36:52 PM

Taking into account a price drop of half on usb and blade ASICs within the next month, my best guesstimate would be difficulty leveling off around November to mid December.

FWIW, I don't see difficulty starting to level off before 3rd quarter 2014.

hendo420

sr. member

Activity: 420

Merit: 250

To the people saying that the difficulty isn't going to level off.

What do you think the manufacturing cost on the asic hardware is? Once it hits just above manufacturer cost they wont be able to drop the price any more and sales will drop off and that means less hash rate being added every day.

At what point are the big miners coming out a drop in the bucket? Eventually the hash rate that comes online every day will be so insignificant compared to the whole that difficulty will slow.

If you go back and look at the difficulty chart, when GPUs started mining Bitcoin it rose just like when ASIC's came out only over a longer period, eventually it leveled out and it will again.

Taking into account a price drop of half on usb and blade ASICs within the next month, my best guesstimate would be difficulty leveling off around November to mid December.

We may also see a price increase on Bitcoin as people that buy ASIC's hold Bitcoin instead of selling to make back ROI.

dbbit

sr. member

Activity: 322

Merit: 250

Quote from: friedcat on September 09, 2013, 11:24:12 AM

We are glad to announce that we decided to continue distributing more Block Erupter USBs
as a limitation-free extension of the coupon plan in the last two months. Besides for mining alone,
at the coupon price level they serve perfectly as gifts as well as mining introduction devices.

What's the price if I don't have a coupon and just want to buy 50?

Do these come in those individual small white packaging boxes?

udovdh

newbie

Activity: 3

Merit: 0

Got no response from the EU resale guy yet so I take a few erupters from anybody with a good price.

jelin1984

legendary

Activity: 2408

Merit: 1004

i am located at los angeles
and i can help
you can ship to me
and i will ship international with dhl
let me know

bkpduke

full member

Activity: 158

Merit: 100

Quote from: lano1106 on September 13, 2013, 09:30:29 AM

Just curious about one thing.

I have found this thread through ads on the site. I have setup a small group buy and wanted to buy a 100 BEs. I sent an e-mail to one of the address listed on the OP.

and basically I have been redirected to a reseller who is taking a 16% cut on the price to which I am not really interested.

IMO, a reseller sells small quantities to a higher price tag.

So my question is: What is the point to advertise a new price if it is not possible to have the product at that price and turn down potential customers?

I may recontact you at the next price drop to attempt to make a purchase or maybe I'll try an alternative product as I'm starting to see Bitfury USB keys around....

Anyway, if I have misunderstood something, I hope that you'll be able to make the communication clearer at your next ads campaign.

Same here. I have purchase previously, but through resellers. Now I am ready to step up on my own to buy larger quantities, and was re-directed to the resellers.

In a case like this, I'll just pass.

lano1106

member

Activity: 112

Merit: 10

Well, I am a *previous customer*. I bought about 50 devices from SilentSonicBoom who has the cheapest prices. Even though he is located in the US, he was offering delivery to Canada and was accepting international sales as well. He stopped doing it. The official reason is that he does not have enough time but I would not be surprise to learn that in fact it was upsetting the other resellers and that he got pressure from AM to stop doing it.

So I kinda lost my 0.1 BTC coupons but this would have pretty much become meaningless if AM would have accepted to sell me in bulk at 0.12 BTC.

Oh well, maybe next week, I'll be glad that this purchase did not go through when there will be this next awesome ASIC opportunity!

Topic: [Block Erupter USB]0.10BTC-0.12BTC, Distribution Re-Opened (Read 15254 times)