Topic: [OPEN] AUSTRALIA ONLY [Group Buy #1] ASICMiner Erupter USB 2.04BTC@2 (Read 1942 times)

And you posted this useful information on this dated thread why?

No one has posted since June 2013 - why?

Here are the calculators I've come across:
- http://www.coinwarz.com/calculators
- http://dustcoin.com/mining
- http://www.bitcoinx.com/profit/
- http://www.coinish.com/calc/
- http://thegenesisblock.com/mining/a/ffe0ddd754

The last link is the best as it includes the real increasing difficulty level (not you guessing daily increment by percentage). In short, unless you've been mining BTC for a while, don't jump in today - if you do you'll loose your money as you won't be able to recover it.

Read the comments in this article (scroll down past the 5 machines reviewed) to see them. They explain the difficulty factoring. http://www.hongkiat.com/blog/bitcoin-mining-machines/

If you have an ASIC or FPGA then I'd put it to use mining ALT SHA256 coins. Use coinwarz.com to work out what coin would be the most profitable for you to mine.

Otherwise build a GPU rig and mine SCRYPT (ALT LTC) coins as they are more profitable.


Cheers,
Mark

It makes no sense but am probably gonna get a couple ,thread on watch (no coins at mo) and a little slow...

BUMP

The calculator is awesome. Nice find

I too received a never result.
But on the flip side its only 12 dollars away from being paid off in a 24 month period at a 1%/day difficulty rise.

My plan is to continually add to my pool until it can negate this investment.

The 20 odd that I wish to purchase will push my pool up to 16GH/s. The existing 8000 has almost paid itself off. It would have paid itself off much faster if I didn't have to pay for power.

You do raise a good point tho; Everyone should do their research and review their motives before deciding to invest in mining equipment.

I found this cool calculator http://www.coinish.com/calc/

It suggests at 300 MHs and a hardware cost of 2BTC with zero electricity costs, taking into account the rising difficulty, the breakeven number of days is "never"

Is this calculator wrong? 

I suppose one thing it doesn't and couldn't really take into account is the hopefully rising value of bitcoins.

I am buying them for the portability and power usage. They will eventually pay themselves off.

I can't run my 12x7950s at work (They create a lot of heat and noise.) I can however run 50 (planned) of these little suckers at work.

I could fill the whole 50 order in about 1 months time but I might as well kick things off and help others get small amounts as well. Instead of paying 1400 in power bills every quarter I can reduce and replace them with something right now. Something that ASICMiners have available and are shipping. I don't want to wait till September for this. The Diff at that point will be at around 98Mill (Rough Estimation). If I consistently add to the ASICMiner USB's which I might add take up a very small footprint. I can keep up with the diff changes. I've been calculating at a 20% diff rise - Adding these miners to my 12GH/s farm I already run and adding to this run with newer ASIC miners replacing the GPUs I will be able to keep ahead and make a profit.

If you have free energy who cares if it takes a year to pay itself off? Its all about multiples/quantity.

If you have 1 share with ASICMiner and you were paid .02 each week... it would still take you two years to have that share pay itself off. That's factoring in it does last that long and the share consistently pays it out with the ever increasing diff.


TL;DR: Why wait for empty ASIC (60+GH/s) promises when you can have something now factoring in no power. USB ASIC Miners are small, portable, silent and easy.

 I don't mean to be rude but why are people buying these?

If I enter the data into http://www.bitcoinx.com/profit/ it says that these devices will take 199 days to break even but with the difficulty sky rocketing I would think this figure might be never?

Am I missing something, I'd definitely buy one in an Australian group if I thought it was worth it.

I have shares in ASICMiner so I should be encouraging people to buy them.

Australia [Group Buy #1] ASICMiner Erupter USB 2.04BTC each @ 2 units

This is the first forum based group buy I'm organizing. I come across as a new poster. I apologise as we only planed this in the last three weeks. I plan to go to the Sydney BitCoin Meet coming up on June 12th. https://www.facebook.com/pages/Bitcoin-Sydney-Australia/457681220943285

Status updates: (DD-MM-YYYY)
5/6/2013: Group Buy posted on the forums
5/6/2013: If you order 10+ we will ship via Australia Post Express
5/6/2013: You have the option of signing your postage details to us or contacting us directly to organise Shipping or Payment.
6/6/2013: I've had a few PM's in regards to the group sale and I am talking to these people to organise payment among other things.
6/6/2013: I've put a cap of two week on this Group Buy, if we are unable to fill the group buy by 20th we will fulfill the remaining amount and go ahead with the group buy.

Orders:

Customer               Qty   Paid            Payment Address       Signed/Verified       Shipping         Notes
Metal.Storm            20    39.8BTC              ---                        YES                 In Person        ---
(No Forum Name)      2     4.08BTC              ---                        YES                  YES              ---                  




TOTAL: 21

TO GO: 29


Next Steps:
We are collecting orders much like the other countries groups buys for Australia. Once we have collected an order for at least 50 ASICMiners a 5 Hr deadline will be placed on the group order for anyone final orders and then we will send the order to friedcat/ASICMiner.

Please Note:
We only accept payments via Bitcoin from signed addresses with shipping information only. Any that do not contain the correcting information will be returned. Alternatively you can contact us via the forums to organise an alternative method if you would like to do so. (As we are still establishing trust, I encourage you to post to the open forum below for all to see our communications, unless information being exchanged is sensitive). 16eUMhZS4poW4Bwmv5T7s9iGgXyXv7Lb5n

Sign Orders in the following format:

Forum Name:
Actual Name:
Pickup Address: (Put Local Pickup if local pickup)

Policy update:
Refunds: Your orders are binding after your funds have been used to pay for an order.  

Before that (while coins are piling up for the next batch), you can ask for a refund and will get it paid back in full. You will not be considered for any future group buys if we identify your name/address.

If you would like to find out more about the USB Block Eruptor please visit the following link:

https://bitcointalksearch.org/topic/block-erupter-usb-sales-temporarily-out-of-stock-217104

Shipment:
The USB miners will be shipped to you within 1 day of me receiving them.  We will be shipping in boxes to protect the devices (your investment).
We prefer local pickup from SYDNEY CBD.


Communication:
My work colleague and I are IT professionals that live and work in the Sydney CBD (AEST +10) we both work full time 9-6 Mon-Fri. and are able to reply to messages up until midnight each night.

Cheers,

Metal.Storm  

EDIT: 5/6/2013: Adding [OPEN] to the name to show it is open to viewers.
EDIT: 5/6/2013: Cleaning up the post.
EDIT: 6/6/2013: Updating with today's updates.
EDIT: 7/6/2013: Updated with new buyer.