Topic: Block erupters absolutely waste of money now? (Read 2397 times)
yes, they are. Mine LTC or buy a more powerful ASIC
Block erupters are toys , or novelty , they were never meant to return hundred of $.
They sort of are toys, but they can be good teaching tools too. I bought 10 for my nephews a few months ago (one 8 and the other 7). They were curious about my rigs and so I thought it would be a good way for them to learn more about btc and alts. They are now fascinated by cryptos. The first thing they do when they get home from school is check to see how much they made, its never much, but it holds their fascination anyway. They will sit there and watch as shares are sent and repeatedly refresh the pool page to see if a block has been found – it is both scary and adorable all at the same time.
At Thanksgiving, I asked them what they wanted for Christmas, from the youngest (the 7 year old), I thought I would get a request for Pokemon or some new gaming system; instead, he asked me for a mining rig so that he could mine litecoin.
They may not be good for ROI, but they can serve a purpose of introducing people to the world. (I also have given about a half-dozen to friends that didn't understand how I could make money with a computer, the results have been hilarious.)
Yeah , great way to learn the bad thing about bitcoins.
Your kids are just expecting money in return! Like most people out there!
Bitcoin isn't about gains.
You'd do more for bitcoins and your kids if you showed them how to buy a game with bitcoins .
Too many people thinking of getting rich schemes and buy these at 50% markup. I bought a couple myself but it's for educational purpose only.
Block erupters are toys , or novelty , they were never meant to return hundred of $.
They sort of are toys, but they can be good teaching tools too. I bought 10 for my nephews a few months ago (one 8 and the other 7). They were curious about my rigs and so I thought it would be a good way for them to learn more about btc and alts. They are now fascinated by cryptos. The first thing they do when they get home from school is check to see how much they made, its never much, but it holds their fascination anyway. They will sit there and watch as shares are sent and repeatedly refresh the pool page to see if a block has been found – it is both scary and adorable all at the same time.
At Thanksgiving, I asked them what they wanted for Christmas, from the youngest (the 7 year old), I thought I would get a request for Pokemon or some new gaming system; instead, he asked me for a mining rig so that he could mine litecoin.
They may not be good for ROI, but they can serve a purpose of introducing people to the world. (I also have given about a half-dozen to friends that didn't understand how I could make money with a computer, the results have been hilarious.)
New Cloud Mining,no hardvare,no setup,only web browser https://probitcoin.in/index.php?refer=baticabre
Let me fix that for you:
New
you can literally sell your ghs back at the cex itself - and keep the mined btc ,dvc, nmc, ixc coins.
With new asics that are 2-3x more powerful for the same cost - won't you lose 2-3x of your old ghs price?
thats why you may want to sell before that and buy again after they have become common and price drops.
Once ASICs become common and price drops, I plan on buying ASICs.
Still waiting, though. It might be quite a while before the Moore's law reaches its limit.
Moore's law isn't a nature's law or something. It's just an observation that happens to work for now. Just saying ...
not if you point it to PPC
you can literally sell your ghs back at the cex itself - and keep the mined btc ,dvc, nmc, ixc coins.
With new asics that are 2-3x more powerful for the same cost - won't you lose 2-3x of your old ghs price?
thats why you may want to sell before that and buy again after they have become common and price drops.
cloud services no.. there are few alt coins that use sha256
Can i use them to mine alternative cryptocurrencies?
Also.. there isnt any middle speed alternatives on the market - ether get stupidly expensive 333mhs blockerupters or 150+ghs rigs.
Anythign in the middle at normal price was ether sold out ages ago or is scamworthy expensive.
Anythign in the middle at normal price was ether sold out ages ago or is scamworthy expensive.
It's true that cloud mining brings something new to that. It provides flexibility in the ways you can lose your money. Kudos
More of for-fun now,you can get some for 0.035 but it won't be profitable or even ROI with the current difficulty and it's hash power. maybe using it to mine other alt-currencies might produce some profit?
yes
Yeah, they are worthless, you can just send them all to me and I'll bury them for you. 
I actually got 6 of them for $40 a couple months ago (2 given to me and 4 I bought for $10 each). The BTC they mined allowed me to get 5 more and a 10 port hub. I now have 11, a hub, a USB Fan and about 0.11 BTC.
I would like to get about 4 more to make a 5GH/s rig, but no way am I paying more than $15 each. With the outrageous prices on Amazon and Ebay, I'm seriously thinking about selling the entire rig. Buying for $10 and selling for $149 sounds like a no brainer, but sadly I have a conscience and have never been a very good salesman. I just wonder how many they are actually selling at those prices, seems insane to me.
I actually got 6 of them for $40 a couple months ago (2 given to me and 4 I bought for $10 each). The BTC they mined allowed me to get 5 more and a 10 port hub. I now have 11, a hub, a USB Fan and about 0.11 BTC.
I would like to get about 4 more to make a 5GH/s rig, but no way am I paying more than $15 each. With the outrageous prices on Amazon and Ebay, I'm seriously thinking about selling the entire rig. Buying for $10 and selling for $149 sounds like a no brainer, but sadly I have a conscience and have never been a very good salesman. I just wonder how many they are actually selling at those prices, seems insane to me.
More of for-fun now,you can get some for 0.035 but it won't be profitable or even ROI with the current difficulty and it's hash power. maybe using it to mine other alt-currencies might produce some profit?
you can literally sell your ghs back at the cex itself - and keep the mined btc ,dvc, nmc, ixc coins.
the fees are astronomically small tho. compared to anything you would play for your own mining.
yeah you can sel lyour knc - but how much of the original value do you get for it in a year? With new asics that are 2-3x more powerful for the same cost - you lose 2-3x of your old asics price.
Also.. there isnt any middle speed alternatives on the market - ether get stupidly expensive 333mhs blockerupters or 150+ghs rigs.
Anythign in the middle at normal price was ether sold out ages ago or is scamworthy expensive.
Im at leats minign for pure profit at cex.. 0.04 btc paid in.. a month ago then a bit mroe bought for what i mined for it. and the rest from referrals - so 0.6ghs - with 0.14 that i paid for. So pure profit this far.
yeah you can sel lyour knc - but how much of the original value do you get for it in a year? With new asics that are 2-3x more powerful for the same cost - you lose 2-3x of your old asics price.
Also.. there isnt any middle speed alternatives on the market - ether get stupidly expensive 333mhs blockerupters or 150+ghs rigs.
Anythign in the middle at normal price was ether sold out ages ago or is scamworthy expensive.
Im at leats minign for pure profit at cex.. 0.04 btc paid in.. a month ago then a bit mroe bought for what i mined for it. and the rest from referrals - so 0.6ghs - with 0.14 that i paid for. So pure profit this far.
I won't brag about the revenues of my miner.
But .. I bought it at 10usd/GH , the guy bought cex it at 70usd/gh.
Where does he have to sell not to loose to much and where do I have to?
Currently even after all this mining , I can still sell my miner on ebay with more than I bought it for.
the fees are astronomically small tho. compared to anything you would play for your own mining.
yeah you can sel lyour knc - but how much of the original value do you get for it in a year? With new asics that are 2-3x more powerful for the same cost - you lose 2-3x of your old asics price.
Also.. there isnt any middle speed alternatives on the market - ether get stupidly expensive 333mhs blockerupters or 150+ghs rigs.
Anythign in the middle at normal price was ether sold out ages ago or is scamworthy expensive.
Im at leats minign for pure profit at cex.. 0.04 btc paid in.. a month ago then a bit mroe bought for what i mined for it. and the rest from referrals - so 0.6ghs - with 0.14 that i paid for. So pure profit this far.
yeah you can sel lyour knc - but how much of the original value do you get for it in a year? With new asics that are 2-3x more powerful for the same cost - you lose 2-3x of your old asics price.
Also.. there isnt any middle speed alternatives on the market - ether get stupidly expensive 333mhs blockerupters or 150+ghs rigs.
Anythign in the middle at normal price was ether sold out ages ago or is scamworthy expensive.
Im at leats minign for pure profit at cex.. 0.04 btc paid in.. a month ago then a bit mroe bought for what i mined for it. and the rest from referrals - so 0.6ghs - with 0.14 that i paid for. So pure profit this far.
And what will you do with that knc when its profitability drops down due to difficulty?
Also it expects you to spend way larger amount - 5-10k usd to get them. Not everyene has that fortune to spend for a miner.
In case of cex - you can just sell the ghs back later and get the money back - altho perhaps 15-30% less depending of the market fluctuations.
You dont need to pay for maintenance or power nether - which can be quite alot o nsome areas (for example its ~0.14€ /kwh here).
CEX also does merged mining - more then just btc.
ne knc thats shipping soon: 12,995 3ths = 4$/ghs. BUT thats the next gen hardware - when they ship out the whole price at cex woudl chaneg aswell. KNC dont have old ones listed so dont recall how much it was per ghs (10$?).
The cex price onl ywent up in the last few weeks.. it was cheaper before.
Also it expects you to spend way larger amount - 5-10k usd to get them. Not everyene has that fortune to spend for a miner.
In case of cex - you can just sell the ghs back later and get the money back - altho perhaps 15-30% less depending of the market fluctuations.
You dont need to pay for maintenance or power nether - which can be quite alot o nsome areas (for example its ~0.14€ /kwh here).
CEX also does merged mining - more then just btc.
ne knc thats shipping soon: 12,995 3ths = 4$/ghs. BUT thats the next gen hardware - when they ship out the whole price at cex woudl chaneg aswell. KNC dont have old ones listed so dont recall how much it was per ghs (10$?).
The cex price onl ywent up in the last few weeks.. it was cheaper before.
cex is affected just the same , income will be lower with difficultry rise
Also what stops me from seeling the machine?
The problems people don't see it with cex is simple.
They are mining coins and willing to sell you GH that will make you a profit.
Why even bother selling those GH when they could keep the coins for themselves?
Because they sell it at prices that will get higher revenue than just mining. Guess who got the short end of the stick ?
Also , you do pay fees on cex .
I decided to buy cloud hashing power at Cex rather than buy obsolete hardware that will have no value whatsoever in 2014.
And how exactly buying hashing power over at Cex is any better? Do you have any numbers to back this up?
I have 5 gh/s at Cex.io for around 350$.
I will leave the googling for Red Fury prices and mathematical equations to you my friend
Seriously? you are happy with 350$ for 5gh/s? I 'm not talking in favor of red fury or any other physical miner whatsoever because they are all overpriced.
Just think how many bitcoins your 5gh/s will ever mine for you...
And what will you do with that knc when its profitability drops down due to difficulty?
Also it expects you to spend way larger amount - 5-10k usd to get them. Not everyene has that fortune to spend for a miner.
In case of cex - you can just sell the ghs back later and get the money back - altho perhaps 15-30% less depending of the market fluctuations.
You dont need to pay for maintenance or power nether - which can be quite alot o nsome areas (for example its ~0.14€ /kwh here).
CEX also does merged mining - more then just btc.
ne knc thats shipping soon: 12,995 3ths = 4$/ghs. BUT thats the next gen hardware - when they ship out the whole price at cex woudl chaneg aswell. KNC dont have old ones listed so dont recall how much it was per ghs (10$?).
The cex price onl ywent up in the last few weeks.. it was cheaper before.
Also it expects you to spend way larger amount - 5-10k usd to get them. Not everyene has that fortune to spend for a miner.
In case of cex - you can just sell the ghs back later and get the money back - altho perhaps 15-30% less depending of the market fluctuations.
You dont need to pay for maintenance or power nether - which can be quite alot o nsome areas (for example its ~0.14€ /kwh here).
CEX also does merged mining - more then just btc.
ne knc thats shipping soon: 12,995 3ths = 4$/ghs. BUT thats the next gen hardware - when they ship out the whole price at cex woudl chaneg aswell. KNC dont have old ones listed so dont recall how much it was per ghs (10$?).
The cex price onl ywent up in the last few weeks.. it was cheaper before.
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