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Topic: NEW ASIC 2 Giga hash / sec USB miner - anybody interested ? (Read 6568 times)

sr. member
Activity: 259
Merit: 250
I believe as people get more educated, the less they spent on too expensive USB miners.
There are people designing it, I decided not to (specifically) - but there still may be option to connect 10G hash miner through USB,
or place less chips ... who knows ..

more here : https://bitcointalksearch.org/topic/new-asic-10-giga-hash-sec-bitcoin-miner-anybody-interested-265480
legendary
Activity: 1593
Merit: 1004
There is a very large market for USB miners.  But not necessarily on this forum.  A ton of people would like to dabble in this at a reasonable cost.  Must of us spend a lot more money and time, but I don't think that is the norm.  Plus, interest in BTC is growing consistently.  A lot of people would like an inexpensive way to get started. 
Additionally, a lot of people do not have the patience or time to follow the forum for products that are made available.  As we all know, if you don't place an order quick they are sold out.  This is one of the reasons the Erupters have been so successful.  Sure most would like a bigger miner.  But who knows when (or if) it will arrive.  In the meantime, you have these little deals and you can get them in one to two days AND they are cheaper than GPU's. 
I don't think the demand for these is going to go away any time soon.  Especially if you or someone else can increase the hash.
full member
Activity: 238
Merit: 100
Even block erupters at .3GH/s can make an ROI if the price is low enough. 2GH/s is no exception, ROI is all about price per GH/s.

Yeah but more block erupters = more usb hubs = more power = more time spending on setting them up to work properly = more time spending making sure everything works, etc.



I think USB devices have value in their portability/friendliness
I wouldn't setup a farm with them.. I'd use bigger hardware for that. But I'd throw one in an otherwise idle usb port.. and I'd give one to a few friends to teach them about bitcoin... and I'd sell a couple to further spread the community and peoples involvement (and to recover some of what i lost in giving those other few away)

That coupled with the fact that they were the first "truly available" asic, is what made the asicminer usb's such a big seller.
So IMO, a 2GH device would sell just fine. Of course a 10GH will always sell better... but just look at how many 0.3GH devices are *STILL* selling. Make any USB unit greater than that speed, and all of those same people will want your unit as the next natural progression to what they've got (for example, replace ur 0.3g with a 2g then give ur old unit to a non-btc friend - or just run both)
legendary
Activity: 3472
Merit: 1724
Even block erupters at .3GH/s can make an ROI if the price is low enough. 2GH/s is no exception, ROI is all about price per GH/s.

Yeah but more block erupters = more usb hubs = more power = more time spending on setting them up to work properly = more time spending making sure everything works, etc.

full member
Activity: 165
Merit: 100
Just mining my own business...
actually I'm dropping my "interested price point" down to 35$/GHs with an "automatic decrease" of 5$ every two weeks - a GH will be worth less and less in the next months, so if the 2GH Sticks would be available for 100$ in September there won't be any ROI possible (if there is no huge increase in bitcoin price compared to the diff rise), if you are looking for ROI.

If you don't care, 100$ for 2 GH/s is nice, but it will not be interesting to many if the price point is set above 60-70$ by the time of release.

+1
erk
hero member
Activity: 826
Merit: 500
Even block erupters at .3GH/s can make an ROI if the price is low enough. 2GH/s is no exception, ROI is all about price per GH/s.
hero member
Activity: 532
Merit: 500
Whatever the price I think it should be in BTC. The larger devices carry more risk so it's important to have a payment that's protected and refundable. The smaller devices need to support the Bitcoin economy and should assist it in boosting it's liquidity and therefore assist in increasing the overall BTC price as there will be a greater frequency of small purchases. Cool
full member
Activity: 122
Merit: 100
The most important thing is to stay competitive and help spreading mining power around the world.


You may include few GBytes of storage then  Wink
sr. member
Activity: 259
Merit: 250

Hi everybody, thanks for interesting ideas and numbers.
Tt seems that USB miner is not going to happen because high difficulty will punish small devices.

Nevertheless - it might still be interesting to have another small mining device - around 10 Ghash per sec.

The most important thing is to stay competitive and help spreading mining power around the world.

Necessary equipment should be ready soon,
see updates here in the new thread:

https://bitcointalksearch.org/topic/new-asic-10-giga-hash-sec-bitcoin-miner-anybody-interested-265480
hero member
Activity: 574
Merit: 500
Medical Translations for Bitcoins
http://mining.thegenesisblock.com/

just check here and see what price you would be willing to pay. play with the numbers for estimated diff. & price increase per month

That still doesn't answer my question.
Playing with the numbers or not, you asked my why 2BTC and I've answered it was a ceiling.
I asked you how much would you pay for, and you point me to a mining calculator.
Would you please answer how much would you pay for, then?

then you should read my other post again.

actually I'm dropping my "interested price point" down to 35$/GHs with an "automatic decrease" of 5$ every two weeks

This makes it about 0.7 BTC per Stick. If exchange rate rises a bit more, if difficulty rises slower, a bit more. But right now, 70$ per Stick
legendary
Activity: 2128
Merit: 1005
ASIC Wannabe
http://mining.thegenesisblock.com/

just check here and see what price you would be willing to pay. play with the numbers for estimated diff. & price increase per month

That still doesn't answer my question.
Playing with the numbers or not, you asked my why 2BTC and I've answered it was a ceiling.
I asked you how much would you pay for, and you point me to a mining calculator.
Would you please answer how much would you pay for, then?

I see 2 reasons to buy: novelty and profitability. For me, a USB miner is made for novelty, so i would find a 75% return of costs to be sufficient to be 'satisfied' and have a cool physical peice of hardware. But the asic design to have 10 chips will/should never cost 5x the cost of 2 chips, because of hardware redundancy and basic production costs being cut away.

right now, I am willing to go 0.9BTC/Ghash. In a month I would expect 0.5BTC/Ghash. In 2 months, 0.35BTC
legendary
Activity: 1493
Merit: 1003
http://mining.thegenesisblock.com/

just check here and see what price you would be willing to pay. play with the numbers for estimated diff. & price increase per month

That still doesn't answer my question.
Playing with the numbers or not, you asked my why 2BTC and I've answered it was a ceiling.
I asked you how much would you pay for, and you point me to a mining calculator.
Would you please answer how much would you pay for, then?
hero member
Activity: 574
Merit: 500
Medical Translations for Bitcoins
http://mining.thegenesisblock.com/

just check here and see what price you would be willing to pay. play with the numbers for estimated diff. & price increase per month
legendary
Activity: 1493
Merit: 1003
I'd buy for about 2BTC at current price.

May I ask why 2 BTC? You will most likely not get those back

What price would you propose, then?
Less than this, I'd be definitively interested.
2BTC would be the ceiling.
hero member
Activity: 574
Merit: 500
Medical Translations for Bitcoins
I'd buy for about 2BTC at current price.

May I ask why 2 BTC? You will most likely not get those back
legendary
Activity: 1493
Merit: 1003
I'd buy for about 2BTC at current price.
Don't forget that the Jalapeño was initially for $145 for 4.5Gh/s.
hero member
Activity: 574
Merit: 500
Medical Translations for Bitcoins
actually I'm dropping my "interested price point" down to 35$/GHs with an "automatic decrease" of 5$ every two weeks - a GH will be worth less and less in the next months, so if the 2GH Sticks would be available for 100$ in September there won't be any ROI possible (if there is no huge increase in bitcoin price compared to the diff rise), if you are looking for ROI.

If you don't care, 100$ for 2 GH/s is nice, but it will not be interesting to many if the price point is set above 60-70$ by the time of release.
legendary
Activity: 1148
Merit: 1000
Interested as well
newbie
Activity: 31
Merit: 0
Also interested Cheesy waiting the products.
legendary
Activity: 2128
Merit: 1002
2Gh/s and 2.5 W? If you can ship in september, max 5 BTC from me

You can make it auction-based sell for ready to ship products

I'd be interested at $50/GH definitely

me too.
 Cool
hero member
Activity: 938
Merit: 1000
www.multipool.us
2Gh/s and 2.5 W? If you can ship in september, max 5 BTC from me

You can make it auction-based sell for ready to ship products

I'd be interested at $50/GH definitely
full member
Activity: 306
Merit: 100
2Gh/s and 2.5 W? If you can ship in september, max 5 BTC from me

You can make it auction-based sell for ready to ship products
member
Activity: 116
Merit: 10
im interested, around 2 BTC
erk
hero member
Activity: 826
Merit: 500
.. and less we all forget the HEAT!, one usb erupters is ~ 130F and that's a 333mh/s so in case you plan on shipping a heatsink/fan combo or something to lower the heat on those hot puppies.
Firstly, temperature is not a measure of heat, which is measured in joules, not degrees. It would take very little cooling to get the temperature of the Erupters down, as they produce so little heat. You are talking about a 2.5 watt device.(2.5joules/sec)

hero member
Activity: 821
Merit: 503
.. and less we all forget the HEAT!, one usb erupters is ~ 130F and that's a 333mh/s so in case you plan on shipping a heatsink/fan combo or something to lower the heat on those hot puppies.
legendary
Activity: 1274
Merit: 1000
hero member
Activity: 728
Merit: 500
Crypto-ideologist
any news?
News on what? There is no announced product, it's just a thread asking for peoples opinions, or didn't you bother to read it?



i beg u pardon erk, but he wrote:
Quote
Hopefully I can provide an update with some good news
 

i'm not english motherlanguage but i think it means that he will provide some news  Wink
maybe i missed that he posted yesterday, no need to be so rude

erk
hero member
Activity: 826
Merit: 500
any news?
News on what? There is no announced product, it's just a thread asking for peoples opinions, or didn't you bother to read it?
hero member
Activity: 728
Merit: 500
Crypto-ideologist
legendary
Activity: 1593
Merit: 1004
2gh = 6 asic miner usb sticks so if you had the product in hand you could get  4btc easy

Totally irrelevant since they do not. 1 BTC max per GB with August delivery. 0.5 BTC per GH in sept.

Erupters are going down in price shortly.  0.6 BTC and change.  They will be 0.5 BTC in a month.
full member
Activity: 224
Merit: 100
2gh = 6 asic miner usb sticks so if you had the product in hand you could get  4btc easy

Totally irrelevant since they do not. 1 BTC max per GB with August delivery. 0.5 BTC per GH in sept.
newbie
Activity: 36
Merit: 0
erk
hero member
Activity: 826
Merit: 500
Thanks to all for ideas.
I was thinking about something similar to erk's sub 10Gh/s market.
Seems like 1BTC(or 99 usd, or max. 50 USD per Gh/s) for 2Ghash/s USB device would be a good price.
Hopefully I can provide an update with some good news after a week.
Let's see what we can do with time to market Wink


If you can do 2GH/s from USB (2.5W), it would sell like hotcakes. Move over Avalon, BFL...
It would put all these other players out of business.
Not if it cost 10BTC, you can only charge more than you competitor if you do something obviously better. The key issue at the moment with ASICs is availability, almost all the players are extremely poor in this area, they don't seem to understand the basics of medium scale production lines.

legendary
Activity: 2702
Merit: 1468
Thanks to all for ideas.
I was thinking about something similar to erk's sub 10Gh/s market.
Seems like 1BTC(or 99 usd, or max. 50 USD per Gh/s) for 2Ghash/s USB device would be a good price.
Hopefully I can provide an update with some good news after a week.
Let's see what we can do with time to market Wink


If you can do 2GH/s from USB (2.5W), it would sell like hotcakes. Move over Avalon, BFL...
It would put all these other players out of business.
legendary
Activity: 1062
Merit: 1003
I think it's pointless comparing them so much to the Erupters, they were delivered a while back at lower difficulty & it was iffy they would ever make a profit even then.

For a 2Gh/s usb I'd be interested at around 1BTC, still have to figure in int. shipping.
hero member
Activity: 1484
Merit: 500
Across The Universe
Thanks to all for ideas.
I was thinking about something similar to erk's sub 10Gh/s market.
Seems like 1BTC(or 99 usd, or max. 50 USD per Gh/s) for 2Ghash/s USB device would be a good price.
Hopefully I can provide an update with some good news after a week.
Let's see what we can do with time to market Wink


Everybody is faster then BFL its Crazy or ?
sr. member
Activity: 259
Merit: 250
Thanks to all for ideas.
I was thinking about something similar to erk's sub 10Gh/s market.
Seems like 1BTC(or 99 usd, or max. 50 USD per Gh/s) for 2Ghash/s USB device would be a good price.
Hopefully I can provide an update with some good news after a week.
Let's see what we can do with time to market Wink
erk
hero member
Activity: 826
Merit: 500
The Block Erupters were too slow and expensive, but they sold because they were lower power consumption than using a GPU to do the same thing. Difficulty has gone up so much that you need more hash rate per dollar to get a reasonable ROI. 2GH/s sounds like a good speed, like others have said, it depends on price and more importantly availability, you can charge a premium if the things are actually shippable. If you have to wait months in line, then people will go for an entry level BFL or Klondike or similar. Most of the newer players seem to be focusing on higher hash rate, expensive devices, and are leaving a hole in the sub 10GH/s market that needs more viable alternatives.





member
Activity: 84
Merit: 10
They would sell like crazy if you price right!
full member
Activity: 238
Merit: 100
Put it around the $50/GH and you will have me interested.

+1
sr. member
Activity: 336
Merit: 250
I would have interest. Its all about $ to GH/s ratio for me.
member
Activity: 86
Merit: 10
aamarket, when to expect news? Grin
newbie
Activity: 22
Merit: 0
Would be interested in these for sure let me know if you decide to sell some and price please... always nice to distribute the hashing power

Blorgg
hero member
Activity: 574
Merit: 500
Medical Translations for Bitcoins
45$/GHash max.

Bitcoin and Cash payment via Paypal, for trust
legendary
Activity: 3472
Merit: 1724
$30-40 per GH/s
full member
Activity: 238
Merit: 100
KUPO!
1btc would be nice :-)
legendary
Activity: 3248
Merit: 1070
0.25 btc at max for 1, if presumably it arrived within August
newbie
Activity: 27
Merit: 0
1-3 BTC I would buy 50-100.

I would be down with that too..
legendary
Activity: 1593
Merit: 1004
1-3 BTC I would buy 50-100.
legendary
Activity: 4326
Merit: 8899
'The right to privacy matters'
2gh = 6 asic miner usb sticks so if you had the product in hand you could get  4btc easy
sr. member
Activity: 448
Merit: 250
I'd pay 5 BTC for a 2Gh USB Miner, still cheaper than buying 6-7 Block Erupter for 1 BTC each:

1 2Gh USB Miner ~= 7 300Mh Block Erupters in hash rate. No?
jr. member
Activity: 40
Merit: 1
member
Activity: 84
Merit: 10
1 x Bitfury Chip per USB Miner?

Selling unit for 99USD (or 1BTC) would give you enormous sells (but marketing is the key!). It is also psychologically attached price tag.

Personally i believe that double or triple price would also sell very nice. Look how quick ~100USD usb blockerupters sold few weeks ago. Also Bitfurys starter kit for October delivery sold almost instant. Another point of reference is Littlefury selling quite good, and it is expensive with November delivery date.
Maintain theirs USD/GHs ratio, and and you will have customers :-)
legendary
Activity: 1890
Merit: 1537
1 btc max price this would make it the mark 2 usb
hero member
Activity: 490
Merit: 500
Put it around the $50/GH and you will have me interested.

$50/GHs Is max I would recommend, this takes the device a little out of the "novelty" market and into casual mining market where you may actually have a chance to get your money back before the device croaks.
hero member
Activity: 686
Merit: 500
quick delivery!

yup thats all that matters,
sr. member
Activity: 280
Merit: 250
Sometimes man, just sometimes.....
Put it around the $50/GH and you will have me interested.
sr. member
Activity: 259
Merit: 250
Hi all - to clarify things :

Delivery date : end of August / beginning of September
Price : unknown - what would you pay ?
Power : USB 2.0 - less than 3 W
Speed : 2 Giga hashes per second
legendary
Activity: 1456
Merit: 1000
Reasonable priced and end of august.  If its not preorder i think a lot will be intrested.
full member
Activity: 158
Merit: 100
Completely depends on the following 3 variables:

1) Delivery Date (due to exponential difficulty increase)
2) Price (see reason for 1)
3) Power consumption / heat


If you can manage those 3 variables to it makes sense to customers, you would do well I am sure.
sr. member
Activity: 259
Merit: 250
Hi all,
this is not a preorder, just a quick survey of interest.
Would you buy one ?
What price would be reasonable at the end of August ?
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