If USB Block Erupters are not worth the trouble, what is? - page 3.

Professor James Moriarty

sr. member

Activity: 434

Merit: 250

There are still people buying gpu farms and mine a lot of alt-coins and turning it back to btc or ltc. I mean ltc is just 2-3 dollars right now , consider if that skyrocketed like bitcoin right now? What would happen than? The asic mining folk will kick themselves for not investing ig scrypt as well Cheesy

operrajunk74

sr. member

Activity: 344

Merit: 250

Quote from: BorisAlt on September 14, 2013, 09:49:18 AM

Buy a 7950 GPU. When everything else fails you can still play a game of Doom.

As long as people buying alt coins, it is not bad strategy at all (considering you have cheap electricity)

Bicknellski

hero member

Activity: 924

Merit: 1000

Quote from: Professor James Moriarty on September 15, 2013, 12:26:23 AM

Telling someone elses product is bad doesnt make yours good.

Yes bfl is a horrible and terrible company,

Yes your product looks good and works good and cool.

Yes I would buy for hobby or look reasons.

But HELL NO your product doesnt offer any ROI whatsoever , it is expensive as hell and nothing close to being a financial investment.

Altough when I buy a painting at a grocery store not expecting a ROI , I expect it to be a decoration , so I think your product is for decoration purposes only

Not the point of my post.

kano

legendary

Activity: 4592

Merit: 1851

Linux since 1997 RedHat 4

Quote from: Bicknellski on September 15, 2013, 12:20:12 AM

Quote from: kano on September 14, 2013, 07:17:05 PM

Quote from: kevinm on September 14, 2013, 09:34:05 AM

Quote from: -ck on September 11, 2013, 03:14:36 AM

Quote from: HellDiverUK on September 11, 2013, 02:36:19 AM

The Bitfury-based USB miners look like they'll be the next "big thing" - 2.5GH/s+ on a USB stick. I know I'll be replacing my Erupters with a rack of them.

They don't run on anything but RPi for now.

I am running 14 Bitfury USB miners on one laptop and another 98 via a motherboard.
Not a RasPi in sight Wink

250 Gh/s total

cheers,
kev

250 / (14 + 98) = 2.2 GH/s each

As of now 2.2GH/s will make 0.00982339 BTC a day

Assuming difficulty will rise 20% each diff change (it has risen average way higher than that for the last 10 diff changes)

2.2 GH/s will make about ~ 0.54294555 BTC in 100 days
2.2 GH/s will make about ~ 0.65738121 BTC in 200 days

again they are most likely OVER estimates.

So anyone paying 0.6 BTC or more for them is most likely gonna lose.

Have you done calculations for BFL products?

No point - they don't have a BTC price and you can't know when they will deliver - as everyone knows.
No one would buy a BFL product now with the problem of not knowing when it will be delivered.

Especially when you consider now that the current difficulty - 112,628,548.66635 - means a network hash rate of (at least) 806.2389 TH/s
Certainly well above what I thought, 5 months ago, what it would be now.

Zeek_W

sr. member

Activity: 336

Merit: 250

As I tend to wander a bit and find other hobbys every now and then, having a hub full of Erupters just doing their thing (and all paid for from old GPU mining funds) is nothing but fun for me and if after 6 months I come back and see some BTC sitting there, yay!

I left for a while and came back a month ago and realised my BTC from previous endeavors ($35USD at the time of my mining days) had made quite the proxy ROI. But that is debatable.

My friends do comment on the Erupters flashing away and it is a good talking point and if it gets them into the world of BTC then its for the greater good. Purhaps the value will increase again?

Professor James Moriarty

sr. member

Activity: 434

Merit: 250

Telling someone elses product is bad doesnt make yours good.

Yes bfl is a horrible and terrible company,

Yes your product looks good and works good and cool.

Yes I would buy for hobby or look reasons.

But HELL NO your product doesnt offer any ROI whatsoever , it is expensive as hell and nothing close to being a financial investment.

Altough when I buy a painting at a grocery store not expecting a ROI , I expect it to be a decoration , so I think your product is for decoration purposes only

Bicknellski

hero member

Activity: 924

Merit: 1000

Quote from: kano on September 14, 2013, 07:17:05 PM

Quote from: kevinm on September 14, 2013, 09:34:05 AM

Quote from: -ck on September 11, 2013, 03:14:36 AM

Quote from: HellDiverUK on September 11, 2013, 02:36:19 AM

The Bitfury-based USB miners look like they'll be the next "big thing" - 2.5GH/s+ on a USB stick. I know I'll be replacing my Erupters with a rack of them.

They don't run on anything but RPi for now.

I am running 14 Bitfury USB miners on one laptop and another 98 via a motherboard.
Not a RasPi in sight Wink

250 Gh/s total

cheers,
kev

250 / (14 + 98) = 2.2 GH/s each

As of now 2.2GH/s will make 0.00982339 BTC a day

Assuming difficulty will rise 20% each diff change (it has risen average way higher than that for the last 10 diff changes)

2.2 GH/s will make about ~ 0.54294555 BTC in 100 days
2.2 GH/s will make about ~ 0.65738121 BTC in 200 days

again they are most likely OVER estimates.

So anyone paying 0.6 BTC or more for them is most likely gonna lose.

Have you done calculations for BFL products?

kano

legendary

Activity: 4592

Merit: 1851

Linux since 1997 RedHat 4

Quote from: kevinm on September 14, 2013, 09:34:05 AM

Quote from: -ck on September 11, 2013, 03:14:36 AM

Quote from: HellDiverUK on September 11, 2013, 02:36:19 AM

The Bitfury-based USB miners look like they'll be the next "big thing" - 2.5GH/s+ on a USB stick. I know I'll be replacing my Erupters with a rack of them.

They don't run on anything but RPi for now.

I am running 14 Bitfury USB miners on one laptop and another 98 via a motherboard.
Not a RasPi in sight Wink

250 Gh/s total

cheers,
kev

250 / (14 + 98) = 2.2 GH/s each

As of now 2.2GH/s will make 0.00982339 BTC a day

Assuming difficulty will rise 20% each diff change (it has risen average way higher than that for the last 10 diff changes)

2.2 GH/s will make about ~ 0.54294555 BTC in 100 days
2.2 GH/s will make about ~ 0.65738121 BTC in 200 days

again they are most likely OVER estimates.

So anyone paying 0.6 BTC or more for them is most likely gonna lose.

Maidak

legendary

Activity: 1890

Merit: 1058

Vave.com - Crypto Casino

So wheres a store that actually ships the bitfury miner usb sticks?

BorisAlt

sr. member

Activity: 280

Merit: 250

Buy a 7950 GPU. When everything else fails you can still play a game of Doom.

kevinm

full member

Activity: 228

Merit: 100

This is not good for my Chi... Yifu

Quote from: -ck on September 11, 2013, 03:14:36 AM

Quote from: HellDiverUK on September 11, 2013, 02:36:19 AM

The Bitfury-based USB miners look like they'll be the next "big thing" - 2.5GH/s+ on a USB stick. I know I'll be replacing my Erupters with a rack of them.

They don't run on anything but RPi for now.

I am running 14 Bitfury USB miners on one laptop and another 98 via a motherboard.
Not a RasPi in sight Wink

250 Gh/s total

cheers,
kev

Soros Shorts

donator

Activity: 1617

Merit: 1012

Quote from: HellDiverUK on September 13, 2013, 03:48:25 AM

Others seem to use English as a second or third language after C++ and Gibberish.

Code:

while (!ROI())
{
    buy_usb_hardware();
    mine();
}

retire_to_tropical_island(); <--- Warning! Unreachable code detected!

wlwesq

newbie

Activity: 52

Merit: 0

Quote from: kendog77 on September 11, 2013, 03:00:09 PM

Quote from: Buffer Overflow on September 11, 2013, 09:07:40 AM

Why no just buy the Bitcoins instead of messing about mining them?

Ding ding ding, we have a winner! Based on the current rate of difficulty increase and cost of mining hardware, most folks will do better simply buying Bitcoin directly and holding it.

Mining is a fun hobby, but it's hard to find an ASIC hardware purchase right now that will ever ROI.

Where does the global need to mine Bitcoins come into the analysis? By need, I mean the idea that all Bitcoins should be mined so they are in circulation, so to speak. If everyone gives up mining now, does that mean Bitcoin "failed"? Or does it mean the value of Bitcoins goes up because of limited supply?

Just a few of the questions that bother us so...

HellDiverUK

hero member

Activity: 1246

Merit: 501

Quote from: Trongersoll on September 12, 2013, 01:42:14 PM

I think you get my drift. I'm not certain that the people arguing in this thread are talking about the same hardware. Huh

Some of in this thread have a grasp of the English language. Others seem to use English as a second or third language after C++ and Gibberish.

Trongersoll

hero member

Activity: 490

Merit: 501

This has been one confusing thread to read due to lack of clear concise terminology. Can we not call USB sticks using Bitfury chips anything Bitfury. Bitfury doesn't make or sell them. Can we only call ASICminer Block Erupters by any of those words? Can we only call ASICminer Blades, Blades? Can we only call the Starter Kits and Cards that Bitfury makes Bitfury.

I think you get my drift. I'm not certain that the people arguing in this thread are talking about the same hardware. Huh

Bicknellski

hero member

Activity: 924

Merit: 1000

Quote from: -ck on September 11, 2013, 06:57:16 PM

Quote from: HellDiverUK on September 11, 2013, 07:15:21 AM

Quote from: -ck on September 11, 2013, 04:47:25 AM

You will not be able to plug Bitfury-based USB miners into your PC until the drivers are written for them.

EFA.

Oooh that must have felt good.

Want a RedFury https://bitcointalksearch.org/topic/bpmc-launch-bf1-usb-miner-probably-the-fastest-usb-miner-in-the-world-292433 to write the firmware / drivers?

PM me.

kano

legendary

Activity: 4592

Merit: 1851

Linux since 1997 RedHat 4

Quote from: HellDiverUK on September 11, 2013, 09:51:56 AM

Oh man? You said "You need a RPi to run the BitFury USB stick". To me that's final. As in, it'll NEVER work on PC. Well, yes, it will work on a PC once drivers are written.

You write as if it's final. It's not. It's just a matter of time.

So ... below is my first post I did here in this thread ... and is included in EVERY post I have posted in this thread ...

Quote from: kano on September 11, 2013, 06:54:52 AM

...
Yes, and chainminer is currently only on the RPi.
One day that may change, but not yet.

Quote from: HellDiverUK

I called BS and I was wrong, now how can I pretend I'm right, coz I can't ever be wrong on the nets

EFA

-ck

legendary

Activity: 4088

Merit: 1631

Ruu \o/

Quote from: HellDiverUK on September 11, 2013, 07:15:21 AM

Quote from: -ck on September 11, 2013, 04:47:25 AM

You will not be able to plug Bitfury-based USB miners into your PC until the drivers are written for them.

EFA.

Oooh that must have felt good.

BR0KK

hero member

Activity: 784

Merit: 500

Quote from: HellDiverUK on September 11, 2013, 09:51:56 AM

Oh man? You said "You need a RPi to run the BitFury USB stick". To me that's final. As in, it'll NEVER work on PC. Well, yes, it will work on a PC once drivers are written.

You write as if it's final. It's not. It's just a matter of time.

A matter of time.... unless you write one Tongue

kendog77

hero member

Activity: 742

Merit: 500

Quote from: Buffer Overflow on September 11, 2013, 09:07:40 AM

Why no just buy the Bitcoins instead of messing about mining them?

Ding ding ding, we have a winner! Based on the current rate of difficulty increase and cost of mining hardware, most folks will do better simply buying Bitcoin directly and holding it.

Mining is a fun hobby, but it's hard to find an ASIC hardware purchase right now that will ever ROI.

Topic: If USB Block Erupters are not worth the trouble, what is? - page 3. (Read 7719 times)