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Topic: Official ASICMINER Hardware Information - page 3. (Read 57803 times)

full member
Activity: 192
Merit: 100
November 22, 2013, 08:18:01 AM
I've seen some of these selling on eBay as the shipped orders arrive. Reselling really seems to be the money maker.
legendary
Activity: 2128
Merit: 1005
ASIC Wannabe
November 20, 2013, 11:07:18 AM
just a heads up: the taobao seller of cubes went out of stock AFTER i ordered, and cancelled my transaction. shoddy business and glad i used creditcard
legendary
Activity: 1442
Merit: 1001
November 14, 2013, 09:06:10 AM

Yes and no,
I could just wait 2 weeks to see what the next KNC offering will be.

No one with any brains is going to pay 3 times the going rate, that's even more than the Ebay prices!

BTC paid from ignorant customers tastes just the same as from the informed ones. We don't need to argue about prices - either the units will sell at the rate that Friedcat wants or he'll lower the price.
hero member
Activity: 854
Merit: 500
November 14, 2013, 08:54:56 AM
38gh for 2btc? What's something like that produce per day at current diff? (0.02 btc)....so 100 days roi with no dif increase...it will never make more than it costs.

Useless at this price....incredible...we are seeing every new device that comes out with a negative profitability.

I think that mining and selling mining devices to the public is going to face plant in the next few months.


I just bought 140Gh for $950 (2.35 BTC)

0.60BTC is what you should be charging for 38gh


Yes and no. I agree that AM hardware prices seem high, but there's limited supply of the cheaper hardware. Those 200 KNC add-on boards sold out in all of 3 minutes. All November Jupiters have sold and no announcements have been made for what will happen in December. The only place you can buy KNC hardware today is on eBay. If AM charges a higher price than buyers will accept then they'll be forced to lower their prices - it's as simple as that. The market decides the price, not the consumer or the merchant.

Yes and no,
I could just wait 2 weeks to see what the next KNC offering will be.

No one with any brains is going to pay 3 times the going rate, that's even more than the Ebay prices!
donator
Activity: 980
Merit: 1000
November 14, 2013, 08:31:14 AM
38gh for 2btc? What's something like that produce per day at current diff? (0.02 btc)....so 100 days roi with no dif increase...it will never make more than it costs.

Useless at this price....incredible...we are seeing every new device that comes out with a negative profitability.

I think that mining and selling mining devices to the public is going to face plant in the next few months.


I just bought 140Gh for $950 (2.35 BTC)

0.60BTC is what you should be charging for 38gh


Yes and no. I agree that AM hardware prices seem high, but there's limited supply of the cheaper hardware. Those 200 KNC add-on boards sold out in all of 3 minutes. All November Jupiters have sold and no announcements have been made for what will happen in December. The only place you can buy KNC hardware today is on eBay. If AM charges a higher price than buyers will accept then they'll be forced to lower their prices - it's as simple as that. The market decides the price, not the consumer or the merchant.

As long as people take them, AM does well selling at higher prices.
legendary
Activity: 1442
Merit: 1001
November 14, 2013, 08:13:32 AM
38gh for 2btc? What's something like that produce per day at current diff? (0.02 btc)....so 100 days roi with no dif increase...it will never make more than it costs.

Useless at this price....incredible...we are seeing every new device that comes out with a negative profitability.

I think that mining and selling mining devices to the public is going to face plant in the next few months.


I just bought 140Gh for $950 (2.35 BTC)

0.60BTC is what you should be charging for 38gh


Yes and no. I agree that AM hardware prices seem high, but there's limited supply of the cheaper hardware. Those 200 KNC add-on boards sold out in all of 3 minutes. All November Jupiters have sold and no announcements have been made for what will happen in December. The only place you can buy KNC hardware today is on eBay. If AM charges a higher price than buyers will accept then they'll be forced to lower their prices - it's as simple as that. The market decides the price, not the consumer or the merchant.
hero member
Activity: 784
Merit: 500
November 14, 2013, 02:43:27 AM
Is there a site where I can place my orders?
hero member
Activity: 833
Merit: 1001
November 14, 2013, 02:37:17 AM
i don't think so especially when the price goes up like nowadays.. i'd say you have about 2-3 months tops starting from now to be able to roi because most of the cointerra, hashfast miners are going to come online sometime in late november and most of it dec-jan, kncminer nov batch alone was quite significant hashrate... once these streamline their production diff is going to be 50-60% per retarget if not more...

The difficulty won't continue to rise at it's current rate for much longer, it will level out and increase the chances of ROI for some of the older equipment.
hero member
Activity: 854
Merit: 500
November 13, 2013, 10:57:27 PM
38gh for 2btc? What's something like that produce per day at current diff? (0.02 btc)....so 100 days roi with no dif increase...it will never make more than it costs.

Useless at this price....incredible...we are seeing every new device that comes out with a negative profitability.

I think that mining and selling mining devices to the public is going to face plant in the next few months.



I just bought 140Gh for $950 (2.35 BTC)

0.60BTC is what you should be charging for 38gh


full member
Activity: 152
Merit: 100
November 10, 2013, 07:44:00 AM
The harder it is to achieve ROI, the less attractive mining for profit will be to the bitcoin community. This will then decrease the demand for mining equipment and make it too risky for companies to manufacture it or develop new technology. Very few companies will have the infrastructure in place to produce mining equipment at a price that can meet market demand.

The difficulty won't continue to rise at it's current rate for much longer, it will level out and increase the chances of ROI for some of the older equipment.
hero member
Activity: 616
Merit: 500
November 09, 2013, 05:53:48 PM
In 120 days difficulty will be so stupid I'm not sure if ROI is a term which should be used, unless BTC value similarly gets stupid.
legendary
Activity: 2156
Merit: 1018
Buzz App - Spin wheel, farm rewards
November 08, 2013, 06:09:21 PM
Mining, overall is a risky proposition.

That being said, the Asicminer cube looks competitive and I think it's not a bad product at all. The the fact that you can order it and receive it in a week can not be understated. You can't really compare the cube with products that have not been released yet, like Cointerra or Hashfast, because the odds are they will be late.

If you can ROI in strictly BTC within 120 days then that's a reasonable purchase.

As others said though, if you have to take fiat/usd price into account, you are better off just buying BTC and holding instead of mining.
hero member
Activity: 616
Merit: 500
November 05, 2013, 02:19:52 PM
The market is saturated...even for "in hand" products that everyone knows won't make profit.

Unless new stuff is half the price no one wants it anymore...mining is stalling out.

I wouldn't say that exactly. I constantly eye stuff on ebay being sold, breaking even at worse, or pulling in a premium. In some cases you can get something for less than what the owner paid for it.

I say give it a month more before people stop buying like crazy on ebay for in-hand products for high $.
hero member
Activity: 588
Merit: 500
November 05, 2013, 01:27:25 PM
The market is saturated...even for "in hand" products that everyone knows won't make profit.

Unless new stuff is half the price no one wants it anymore...mining is stalling out.
hero member
Activity: 616
Merit: 500
November 05, 2013, 08:26:01 AM
The real money is in getting the hardware on first preorders, and then reselling it at a markup.

People were buying blades at $700ish and selling them for $1000 or more on ebay.

Grab a cube for 2btc, sell for 3btc, or whatever floats your boat. Done deal.

Have you tried to resell an ASIC miner in the past couple weeks?  Even on eBay most are being sold below retail price.  Even cutting edge stuff like KNC are lucky to break even.

No not lately, it wouldn't make sense to because of the undercutting right now. When something new comes out--like the Cube--folks will be willing to pay a cut over inventory price because it's new, and some folks will buy on ebay because they don't have btc payment methods or don't want to pay the fees to buy btc.
hero member
Activity: 784
Merit: 1004
Glow Stick Dance!
November 04, 2013, 04:49:36 PM
The real money is in getting the hardware on first preorders, and then reselling it at a markup.

People were buying blades at $700ish and selling them for $1000 or more on ebay.

Grab a cube for 2btc, sell for 3btc, or whatever floats your boat. Done deal.

Have you tried to resell an ASIC miner in the past couple weeks?  Even on eBay most are being sold below retail price.  Even cutting edge stuff like KNC are lucky to break even.
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
November 04, 2013, 04:19:43 PM
Just buy a preorder from another company.

Then you don´t know if it will ROI in the beginning.
Later you will realise you lost much more then buying asicminer hardware.
Lulz so you are saying you'd lose less.
Isn't the point to not actually lose at all?

Keep the BTC and you won't lose BTC Tongue

Buy AM and you almost certainly will lose.

Anyone who got a 10GH/s miner (of any brand) on the 14th of May will so far have made ~26.6BTC PPS expected.
Hopefully no one paid 50BTC for them back then, no chance they'll make 50BTC ...


 keep doing your accounting in btc.  50 btc in may 2013 was  as low as 80 a coin or 4000 usd.   so if I took 4000 usd in may purchased 50btc and then purchased your 10th device holding on to every coin mined.  I would  now have 26 btc worth 210 each  that is 5460 usd minus 4000 usd and you get 1460 usd. power cost would have been about 260 usd and your taxable profit  is 1200 usd.

usa tax law would say that item made a profit.  now I agree if you have paid 4000 usd for coins in may held them until now they are worth about 10500 usd so your profit would have been 6500 usd.

so both moves made money one move made less profit but still profit.   We live in a world that most countries charge taxes base on the fiat of that country not BTC but BTC convert to the local fiat.  

  These 2 btc 38gh cubes at todays rates are around 420 usd .  I use usd since I pay taxes in usd.   If I buy a cube and mine vs buy coins and hold I am subject to very different tax issues.  So your use of btc to explain profit is very naive or since I know you are a very good programer slick bs to con people that don't understand the tax laws of their country very well.   My point is AM gear has turned profit as defined by USA tax law.  It has not done as well as hold BTC has in the same time period.  So to say AM is a loser is wrong as many of us made good money on USB sticks and blades.

  I for one am looking forward to a 2 btc 38gh cube.  but it needs to plug n play with bit minter's java client.   They will use 120 watts vs 300 watts that the usb sticks use to mine  the same gh. 

Why should one buy a miner when the profit he can make only comes from the bitcoin-usd-price? All the work included and then having even less than simply keeping or buying and keeping bitcoins?

I only see preorder miners with positive ROI. Though this will have changed once they finally ship: http://mining.thegenesisblock.com/

I see you say that the profit coming from bitcoins hold against mined bitcoins have an even lower profit than mining? Could you elaborate? I dont see how this should work.
hero member
Activity: 616
Merit: 500
November 04, 2013, 11:18:11 AM
The real money is in getting the hardware on first preorders, and then reselling it at a markup.

People were buying blades at $700ish and selling them for $1000 or more on ebay.

Grab a cube for 2btc, sell for 3btc, or whatever floats your boat. Done deal.
member
Activity: 97
Merit: 10
November 04, 2013, 10:35:49 AM
I for one am looking forward to a 2 btc 38gh cube.  but it needs to plug n play with bit minter's java client.   They will use 120 watts vs 300 watts that the usb sticks use to mine  the same gh. 

120 Watts? If so, that is good news. Source?
hero member
Activity: 742
Merit: 500
November 04, 2013, 08:24:12 AM
Hopefully this new cube will use more energy efficient ASICs chips. Block erupters and blades are very energy inefficient because they are based on old, inefficient, obsolete ASIC technology.

I won't be buying any new hardware that uses more than 1W/GH, which currently limits my options to Knc and Bitfury.
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