Official ASICMINER Hardware Information - page 7.

Latrina

newbie

Activity: 9

Merit: 0

Quote from: stellan0r on August 23, 2013, 06:07:49 AM

Quote from: Latrina on August 23, 2013, 05:33:49 AM

Ouch, does it really grow 25% each 11 days ?

This means that in 6 months time 10 Erupter for a total of 3330Mh/s will become useless, am I right?

That depends on if the diff-growth stays exponential (it will most likely for the next couple of months) and how the gradient of the diff-curve will behave - will it get even steeper (%raise/diffchange goes up) or more flat (%raise/diffchange goes down) and when.

Also really important is the development of the exchange rate for BTC. If it goes up to like 1000$/BTC in 6 months sure you can still make a little profit. If it stays the same you will have to pay at some point for electricity costs, if it falls, you loose money faster.
But if the exchange-rate rises to like 1000$/BTC in 6 months even more people will buy into ASIC mining because they think they can make a profit - this will increase the diff-rises furthermore..

No one can predict that.

Stick to your 10 erupters, play with them, have fun, support the network. In the winter it will be a "free miniature heater" (direct the warm air with a small and silent USB fan into your direction Wink

) and after that you have to see..

Thank you for all the grate infos provided. I definitely needed some mining basic to start off with.

I dont really have any expectations at the moment apart from the hope to get my investment back, and like you said if in 6 months time price will go extraordinary up I will be making some money, otherwise I hope LTC will adopot ASIC afterwards.

TECSHARE

legendary

Activity: 3318

Merit: 2008

First Exclusion Ever

Quote from: klondike_bar on August 22, 2013, 06:28:57 PM

Quote from: binaryFate on August 22, 2013, 04:24:15 PM

Quote from: TECSHARE on August 22, 2013, 04:13:20 PM

Quote from: Ytterbium on August 22, 2013, 10:04:21 AM

Quote from: TECSHARE on August 22, 2013, 04:08:38 AM

I have to say, the rate at which you are dropping prices for Erupters is directly undercutting (read robbing) margin from resellers. Resellers made this company. Without resellers you would have NO DISTRIBUTION NETWORK. This is a slap in the face to the people who helped you reach the place you are in now. As a reseller who paid and had his margins completely erased before they even arrived, I can tell you with full confidence you wont be seeing any more BTC from me.

"This Company" runs 10-20% of the network. They don't need to sell hardware at all.

Well then maybe they should take a break from screwing resellers for a while then if they don't need the margin.

Find any of their current resellers to complain here, or please stop complaining about your particular no-profit story.

I've gotta agree. ASICminer is free to charge whatever they like, and its up to the customers (including resellers) to decide whether they will buy at the price. It was a well-known fact at 2BTC each that they would never return, but they practically sold out. At 1BTC each, the same argument was heard, but people went ahead and built systems composed of dozens of BEs.

If you cant do the math, dont buy the product. its incredibly simple, and is the very definition of supply&demand.

The problem is I didn't pay 2 BTC each.. I paid .31 each in a bulk order of 100. Before they even arrived at my door the price was cut to .32 for SINGLE UNITS effectively making all resellers who paid at that price unpaid distribution agents. Again I purchased them for RESALE not mining, so you can take your "you should have known no ROI" crap and stick it right back where it came from. They aren't even allowing enough time for smaller resellers to unload inventory before they drop the price and erase all margins. As an extremely dissatisfied customer I have a right to make my complaints known to the general public in spite of the ASICMINER shill gang attacks. ASICMINER will not be seeing any more money from me.

stellan0r

hero member

Activity: 574

Merit: 500

Medical Translations for Bitcoins

Quote from: Latrina on August 23, 2013, 05:33:49 AM

Ouch, does it really grow 25% each 11 days ?

This means that in 6 months time 10 Erupter for a total of 3330Mh/s will become useless, am I right?

That depends on if the diff-growth stays exponential (it will most likely for the next couple of months) and how the gradient of the diff-curve will behave - will it get even steeper (%raise/diffchange goes up) or more flat (%raise/diffchange goes down) and when.

Also really important is the development of the exchange rate for BTC. If it goes up to like 1000$/BTC in 6 months sure you can still make a little profit. If it stays the same you will have to pay at some point for electricity costs, if it falls, you loose money faster.
But if the exchange-rate rises to like 1000$/BTC in 6 months even more people will buy into ASIC mining because they think they can make a profit - this will increase the diff-rises furthermore..

No one can predict that.

Stick to your 10 erupters, play with them, have fun, support the network. In the winter it will be a "free miniature heater" (direct the warm air with a small and silent USB fan into your direction Wink

) and after that you have to see..

kano

legendary

Activity: 4592

Merit: 1851

Linux since 1997 RedHat 4

Diff change is 14 days.
But at 25% increase that's actually just 10.5 days per diff change of 25%.
Check diff history ... it's been high for a while Tongue

Latrina

newbie

Activity: 9

Merit: 0

Quote from: derr777 on August 23, 2013, 04:36:57 AM

Quote from: Latrina on August 23, 2013, 04:30:36 AM

Quote from: kano on August 22, 2013, 06:07:55 AM

Quote from: Lauda on August 22, 2013, 05:57:13 AM

^Yes, keep items at their starting price forever and make ROI near end of time..

Has anyone ever made ROI on an AsicMinerUSB ?

Well I am new to Bitcoin mining and I am looking to get 10 Erupter to get to learn a bit the mining scene.

I dont expect to become rich but according to bitcoin profit website, 10 USb Erupter of a total of 3330 Mh/S x current difficulty 50,810,339 x BTC/Block 25.00 x W25 (w2.5 x 10miners) x Electricity per kwh USD $0.15 = $315.29 on a 3 months frame.

Plus counting the raspberry pi which I will be using to run the mine client which I would assume it might be an additional $15 to skim off, you will end up with $300 on 3 months frame, means that you will be able to pay back the miners within 5/6 months, this still according to the bitcoin profit website.

Again, you certainly don't become rich, but it's something, and once you have paid back for the miners and ur hw, the rest will be ur effective small ROI.

you've not accounted for a 75%+ increase in difficulty every month. When you do, you never pay off the investment. This has been the same with every price point on the BEs since they were released. Do the math again, and every ~11 days, increase the difficulty by 25% and see what you come up with..

Ouch, does it really grow 25% each 11 days ?

This means that in 6 months time 10 Erupter for a total of 3330Mh/s will become useless, am I right?

derr777

member

Activity: 87

Merit: 10

Quote from: Latrina on August 23, 2013, 04:30:36 AM

Quote from: kano on August 22, 2013, 06:07:55 AM

Quote from: Lauda on August 22, 2013, 05:57:13 AM

^Yes, keep items at their starting price forever and make ROI near end of time..

Has anyone ever made ROI on an AsicMinerUSB ?

Well I am new to Bitcoin mining and I am looking to get 10 Erupter to get to learn a bit the mining scene.

I dont expect to become rich but according to bitcoin profit website, 10 USb Erupter of a total of 3330 Mh/S x current difficulty 50,810,339 x BTC/Block 25.00 x W25 (w2.5 x 10miners) x Electricity per kwh USD $0.15 = $315.29 on a 3 months frame.

Plus counting the raspberry pi which I will be using to run the mine client which I would assume it might be an additional $15 to skim off, you will end up with $300 on 3 months frame, means that you will be able to pay back the miners within 5/6 months, this still according to the bitcoin profit website.

Again, you certainly don't become rich, but it's something, and once you have paid back for the miners and ur hw, the rest will be ur effective small ROI.

you've not accounted for a 75%+ increase in difficulty every month. When you do, you never pay off the investment. This has been the same with every price point on the BEs since they were released. Do the math again, and every ~11 days, increase the difficulty by 25% and see what you come up with..

Latrina

newbie

Activity: 9

Merit: 0

Quote from: kano on August 22, 2013, 06:07:55 AM

Quote from: Lauda on August 22, 2013, 05:57:13 AM

^Yes, keep items at their starting price forever and make ROI near end of time..

Has anyone ever made ROI on an AsicMinerUSB ?

Well I am new to Bitcoin mining and I am looking to get 10 Erupter to get to learn a bit the mining scene.

I dont expect to become rich but according to bitcoin profit website, 10 USb Erupter of a total of 3330 Mh/S x current difficulty 50,810,339 x BTC/Block 25.00 x W25 (w2.5 x 10miners) x Electricity per kwh USD $0.15 = $315.29 on a 3 months frame.

Plus counting the raspberry pi which I will be using to run the mine client which I would assume it might be an additional $15 to skim off, you will end up with $300 on 3 months frame, means that you will be able to pay back the miners within 5/6 months, this still according to the bitcoin profit website.

Again, you certainly don't become rich, but it's something, and once you have paid back for the miners and ur hw, the rest will be ur effective small ROI.

lano1106

member

Activity: 112

Merit: 10

Quote from: TECSHARE on August 22, 2013, 04:08:38 AM

I have to say, the rate at which you are dropping prices for Erupters is directly undercutting (read robbing) margin from resellers. Resellers made this company. Without resellers you would have NO DISTRIBUTION NETWORK. This is a slap in the face to the people who helped you reach the place you are in now. As a reseller who paid and had his margins completely erased before they even arrived, I can tell you with full confidence you wont be seeing any more BTC from me.

Unless you sit on a huge inventory, I fail to see how a reseller can lose money.
At current price 0.31-0.35 BTC. No idea how much profit that represents for reseller but if it is around 0.1-0.05 BTC per BEs, it does not sound like a too miserable business if you sell 1000+ BEs per week and it takes 2-3 hours per day.

binaryFate

legendary

Activity: 1512

Merit: 1012

Still wild and free

Quote from: bcp19 on August 22, 2013, 07:29:50 PM

Quote from: Syke on August 22, 2013, 07:24:38 PM

Quote from: bcp19 on August 21, 2013, 07:37:35 PM

Who cares that ASICMiner sold the first USBs at 2BTC apiece, quickly making $1,000,000 from less hashing speed than a $30,000 1.5TH minirig?

Stop comparing the price of a June miner with an October miner. They are not comparable.

Are the October miners faster? Are they slower? Are they different colors? Were they redesigned? Can they dance and sing?

Difficulty is different.

bcp19

hero member

Activity: 532

Merit: 500

Quote from: Syke on August 22, 2013, 07:24:38 PM

Quote from: bcp19 on August 21, 2013, 07:37:35 PM

Who cares that ASICMiner sold the first USBs at 2BTC apiece, quickly making $1,000,000 from less hashing speed than a $30,000 1.5TH minirig?

Stop comparing the price of a June miner with an October miner. They are not comparable.

Are the October miners faster? Are they slower? Are they different colors? Were they redesigned? Can they dance and sing?

Syke

legendary

Activity: 3878

Merit: 1193

Quote from: bcp19 on August 21, 2013, 07:37:35 PM

Who cares that ASICMiner sold the first USBs at 2BTC apiece, quickly making $1,000,000 from less hashing speed than a $30,000 1.5TH minirig?

Stop comparing the price of a June miner with an October miner. They are not comparable.

xstr8guy

hero member

Activity: 784

Merit: 1004

Glow Stick Dance!

I have 30 USB BE's and don't really care about ROI. They just look really cool hashing away tucked in their hubs with little USB fans blowing on them. Cheesy

I'd buy 10 more if I could get some silver ones. I have too many damn black Erupters! Lol.

klondike_bar

legendary

Activity: 2128

Merit: 1005

ASIC Wannabe

Quote from: binaryFate on August 22, 2013, 04:24:15 PM

Quote from: TECSHARE on August 22, 2013, 04:13:20 PM

Quote from: Ytterbium on August 22, 2013, 10:04:21 AM

Quote from: TECSHARE on August 22, 2013, 04:08:38 AM

I have to say, the rate at which you are dropping prices for Erupters is directly undercutting (read robbing) margin from resellers. Resellers made this company. Without resellers you would have NO DISTRIBUTION NETWORK. This is a slap in the face to the people who helped you reach the place you are in now. As a reseller who paid and had his margins completely erased before they even arrived, I can tell you with full confidence you wont be seeing any more BTC from me.

"This Company" runs 10-20% of the network. They don't need to sell hardware at all.

Well then maybe they should take a break from screwing resellers for a while then if they don't need the margin.

Find any of their current resellers to complain here, or please stop complaining about your particular no-profit story.

I've gotta agree. ASICminer is free to charge whatever they like, and its up to the customers (including resellers) to decide whether they will buy at the price. It was a well-known fact at 2BTC each that they would never return, but they practically sold out. At 1BTC each, the same argument was heard, but people went ahead and built systems composed of dozens of BEs.

If you cant do the math, dont buy the product. its incredibly simple, and is the very definition of supply&demand.

binaryFate

legendary

Activity: 1512

Merit: 1012

Still wild and free

Quote from: TECSHARE on August 22, 2013, 04:13:20 PM

Quote from: Ytterbium on August 22, 2013, 10:04:21 AM

Quote from: TECSHARE on August 22, 2013, 04:08:38 AM

I have to say, the rate at which you are dropping prices for Erupters is directly undercutting (read robbing) margin from resellers. Resellers made this company. Without resellers you would have NO DISTRIBUTION NETWORK. This is a slap in the face to the people who helped you reach the place you are in now. As a reseller who paid and had his margins completely erased before they even arrived, I can tell you with full confidence you wont be seeing any more BTC from me.

"This Company" runs 10-20% of the network. They don't need to sell hardware at all.

Well then maybe they should take a break from screwing resellers for a while then if they don't need the margin.

Find any of their current resellers to complain here, or please stop complaining about your particular no-profit story.

TECSHARE

legendary

Activity: 3318

Merit: 2008

First Exclusion Ever

Quote from: Ytterbium on August 22, 2013, 10:04:21 AM

Quote from: TECSHARE on August 22, 2013, 04:08:38 AM

I have to say, the rate at which you are dropping prices for Erupters is directly undercutting (read robbing) margin from resellers. Resellers made this company. Without resellers you would have NO DISTRIBUTION NETWORK. This is a slap in the face to the people who helped you reach the place you are in now. As a reseller who paid and had his margins completely erased before they even arrived, I can tell you with full confidence you wont be seeing any more BTC from me.

"This Company" runs 10-20% of the network. They don't need to sell hardware at all.

Well then maybe they should take a break from screwing resellers for a while then if they don't need the margin.

canth

legendary

Activity: 1442

Merit: 1001

Quote from: PuertoLibre on August 22, 2013, 10:06:24 AM

Quote from: finlof on August 22, 2013, 09:16:24 AM

Quote from: kano on August 22, 2013, 06:07:55 AM

Quote from: Lauda on August 22, 2013, 05:57:13 AM

^Yes, keep items at their starting price forever and make ROI near end of time..

Has anyone ever made ROI on an AsicMinerUSB ?

I make ROI on every ASICMinerUSB cause I sell them on ebay.

LMAO, no kidding? You don't say?!

Someone take a snapshot of this post...too hilarious for words.

It's sad but true - eBay is almost always the most expensive place to buy anything. Good for the seller - not so much for the buyer.

With that said, not everything we buy has to have a direct return on investment. The USB Erupters were pretty and educational - for that alone they are worth the price paid for many 'suckers' who won't ever mine back the value paid.

PuertoLibre

legendary

Activity: 1890

Merit: 1003

Quote from: finlof on August 22, 2013, 09:16:24 AM

Quote from: kano on August 22, 2013, 06:07:55 AM

Quote from: Lauda on August 22, 2013, 05:57:13 AM

^Yes, keep items at their starting price forever and make ROI near end of time..

Has anyone ever made ROI on an AsicMinerUSB ?

I make ROI on every ASICMinerUSB cause I sell them on ebay.

LMAO, no kidding? You don't say?!

Someone take a snapshot of this post...too hilarious for words.

Ytterbium

full member

Activity: 238

Merit: 100

Quote from: TECSHARE on August 22, 2013, 04:08:38 AM

I have to say, the rate at which you are dropping prices for Erupters is directly undercutting (read robbing) margin from resellers. Resellers made this company. Without resellers you would have NO DISTRIBUTION NETWORK. This is a slap in the face to the people who helped you reach the place you are in now. As a reseller who paid and had his margins completely erased before they even arrived, I can tell you with full confidence you wont be seeing any more BTC from me.

"This Company" runs 10-20% of the network. They don't need to sell hardware at all.

finlof

hero member

Activity: 630

Merit: 500