Topic: [GROUP BUY WORLDWIDE] #1 Bitmain Antminer U1 USB Erupter [CLOSED AND REFUNDING] - page 32. (Read 47809 times)

What about the people who showed interest weeks ago and plan to pay with BTC, are we being brushed aside for the paypal people? Is anyone that isn't a reseller even going to get any of these? It feels like anyone that is interested in paying with paypal is having their orders confirmed but everyone else is being left hanging.

he is having fun. its cool, dog

Tell you what, without eBayers etc these things would not get out in the hands of the vast majority of the public. If you didn't know, Bitcointalk.org is not the center of the universe, the vast majority of people do not know about this site.

Forms sent will be replied within 1 hour, hopefully. Max 2 hours.

you ebayers you

Really depends. They haven't tell me anything on shipping arrangements yet.


Replied.

Form submitted.  I am very interested in getting a quote.

I would REALLY like to see a US based reseller - (Faster turnaround and delivery), but the way it looks is Bitmain will be shipping directly?

Is this correct?

Sorry for the late reply. Didn't see your post last time and was busy replying applicants on docs form. Hope you are not mad

If you can provide a good (decent, like bitterdog's) ebay / amazon selling record, then I can list you for bulk purchase. Filling in the form will get you a maximum of 60 usbs. As I said earlier on the announcement of this policy, bulk purchases have to pm me and fill in the form.

You can contact bitmain for bulk purchases if you want to. It's fine with me and will not get mad at you because you left my gb...

Thanks and apologies for 'dis' late reply.

All users who have submitted the form should receive a pm from me titled "Eligibility". This is to inform you that your form has been either accepted for ≤10 usbs or ≤60 usbs.

Thanks

p.s. I am trying to review the forms and reply within 3 hours.

the key here is spend usd to get asics safely on a site like ebay.  many of my ebay buyers want 1 or 2 sticks a payday.  they want to earn coins and hold them.  they want ebay/paypal protection.  they want to think longterm  in fiat terms.  they think that btc is an item like gold and with luck will go to 10k. so if 2 sticks take 1000 days to earn a coin   they are betting  btc jumps in price.  If you are new to the game buying btc is a hassle  buy 2 or 3 sticks on ebay is not a hassle.

The longterm  future of btc means it goes legit.  we need lots of little miners all over the planet with a few sticks a hub or two is enough.  i see btc to be able to withstand 2 more halving  which is more then 4 years. sticks are very important.  millions of little guys are really important.

I don't think profit is a loaded word as such, but you've hit the nail on the head perfectly, the small miners aren't expected to make much or any.

That is the trouble with this business, as I see it the miners are being ripped off, but everyone else makes their cut.

Being a small miner is just a hobby unless the hardware prices are reduced.

G

Profit is a loaded word.  

Let's talk in USD to make things easier.  And this is said considering Bitmain is probably making mf'ing bank from the S1's.  Say the device (usb) costs $30 to manu.  Even at 1.6G, it's 5x more powerful than the AM usbs that I bet a lot of folks are still running.  For the power usage, easy swap of 5-to-1 between AM sticks and AntSticks (I like that name ). 

Back on track - say device costs $30/ea to make, sell at BTC community markup of 100% plus and sell them each for $70, ignoring BTC price since we cannot pay for manufacturing or shipping in BTC.  Considering that markup and current AM stick prices you could easily sell these for $150 or so to eBay/Amazon folks.  This keeps resellers flowing, is a good price for miners (yeah, it won't even ROI at that price, but will come *close* if BTC price jumps back up), prices them below any of the Bitfury-based miners on the market, etc. 

The thing with USB miners is you are playing to a lower-spending crowd (except for the reseller folks), so the shit that has been happening with other BF-based products has a lot of people irritated.  Price is make-or-break and charging in USD/PayPal is the best possible idea because .1 BTC was $120 last week and $90 right now, so the majority of folks don't want to blow BTC for something that won't bring it back but will spend USD/fiat so they can hold onto their savings/investment in BTC and still get hardware.

Too much coffee.  Back to work.  Looking forward to pricing/availability as always.

Agreed. I am doubtful that single asic usb devices will be profitable for much longer, if they are even now, due to board costs.
If the asic power consumption can be kept down perhaps two asics per usb device might be the way to go for a while longer.
If the asic's are cheap enough then (DIY) building blades would seem the way to go to get a high enough hash rate.

G

And this next diff increase (thanks KNC! ) makes the price on these even more important.  Hopefully we have info soon considering there is another S1 auction. :/

I am interested as well

I would be interested in 50+ depending on the price.

Just FYI: The PayPal eligibility google docs form asks if the PayPal account is "verified". Accounts wit a "verified shipping adress only exist for US, CA and UK PayPal customers. Rest of the world you can verify your PayPal account to remove limits, but you will not get a verified shipping adress.

Yup. That's why I am using paypal.