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Region | Forum User | Where to go |
Global | sidehack | https://bitcointalksearch.org/topic/run-2-closedsidehack-stickgekkoscience-compac-official-sales-thread-1126705 |
United States | HolyScott | http://holybitcoin.com/ - TBA |
Canada | valkir | https://bitcointalksearch.org/topic/sidehack-stickclosed-group-buy-for-canada-1121237 |
Australia | AJRGale | https://bitcointalksearch.org/topic/closedsidehack-stick-group-buy-for-australia-1123519 |
Venezuela | chiguireitor | http://contimita.com/ / TBA |
Europe | MacEntyre | https://www.bitshopper.de/shop/usb-miner-bitcoin/gekkoscience-compac/ (design licensee, own manufacturing run) |
The lower block is indeed the 'U 盘存储芯片' or 'disk consign store-up core block' (I think I might be doing worse than Google there) - basically the Flash memory chip. | You can probably guess what that key feature is by now; created by LK Group, Ltd. some time back in July, the 'U disk Wright' or 'U-Wright' or 'USB Wright' (among 'roast cat', 'grilled cat', and 'burnt cat' - you'll have to excuse the Google Translateisms) is a Litecoin miner capable of 144Khash/s standard or 280Khash/s with overclocking (extra cooling required), using up about 5W, and has all the required software on-board on its 8GB Flash memory. | And that is the 'U disk Wright' using that Flash memory to present itself as a drive to the operating system. |
An Homage to The Block Erupter USB
May 31, 2014, 02:47:38 PM
May 04, 2014, 09:40:21 AM
Some rants about Financial ROI On April 1st, 2014, I attended a small informal Bitcoin enthusiasts meet-up in DC and somebody asked me why it is that I tell people not to bother with StickMiners if they want ROI. I tried to explain it to them, which got a couple of people talking about mining in general, but what it generally boils down to is this: If you want ROI, you need a miner that is fast, delivered on time, and cheap. Unfortunately in the current climate for miners - ANY miners - you're most likely going to get the "pick any two" offerings. Then they pointed to some online calculators and how they showed that people could actually break even or even make a profit, which resulted in a discussion about these calculators (especially as I was involved in an earlier thread discussing these where I got puzzled, myself). I pointed out that most of them are flawed - which is okay, because some of the bigger variables in these calculations are practically unpredictable anyway, so some relatively minor flaws in calculators are not that much of a problem. Nevertheless, I whipped up my own calculator in a spreadsheet just for demonstrating to them what I'm talking about - and I thought I'd share some of the discussion here. The first thing that we had to agree upon is those big variables that are practically unpredictable: Difficulty and Exchange Rate. Here's a graph of Bitcoin's Difficulty for mining, since its inception: While it's perfectly possible to make the prediction that it will likely keep increasing (note that it did have a few decreases), I think you'd be hard-pressed to put this into a formula that actually gives you something that gives you usable values for peering into the future. So if you're going to have to make an assumption, perhaps it's best that you do so based on just the most recent difficulty increases. Here's the exchange rate over the past 12 months (courtesy of https://bitcoinaverage.com/ ): If you can make reasonably accurate predictions on that one, you're probably not even really reading this thread - you're over in the Economics section, and you're only imagining that you're reading this. Making an assumption here is as easy as "the price will stay the same", so that people can plug in their own values and see what happens. The next thing was the flaws in calculators. They all make some assumptions because given the above, assumptions are all you can make. Or can you? Consider http://www.bitcoinx.com/profit/ If you were to plug in some optimistic values for a StickMiner: Power Consumption (W): 9.5 Hash rate (GH/s): 12G Cost of mining hardware (USD): $250 It will report that the break-even point is in: 2 years, 109 days But how is it actually calculating that? These are some of the other variables it uses: Bitcoin difficulty: 5,006,860,589 Bitcoins per Block (BTC/block): 25 Conversion rate (USD/BTC): 442.00 Electricity rate (USD/kWh): 0.15 Profitability decline per year: 0.61 Bitcoins per Block is going to stay the same for another year or two.. Conversion rate is that unpredictable USD/BTC bit. Profitability decline per year... well that's just based on the conversion rate, difficulty increase, and then making some manner of assumptions on them that, over the course of a year, results in profitability being only 0.61x as much as in the beginning. Let's ignore all these for now, and instead focus on the Bitcoin difficulty value. Right now it's using 5,006,860,589 - which is the current difficulty. Unfortunately, all of the calculations run from that number onward using a fixed decline that (as far as I could figure out) is applied per-day. ( At e.g. https://tradeblock.com/mining/ , this is the difficulty increase/month . That very label should tell you how wrong that can be. ) 'Onward' actually means that in approximately 3 days, the difficulty will be at 6,075,877,556 ( https://bitcoinwisdom.com/bitcoin/difficulty ) Let's plug that number in, and re-calculate. Now it will reports that the break-even point is in: 3 years, 240 days. A whole year longer. Just imagine what happens if a miner takes 2 weeks to get to you and difficulty is about to (likely) increase again. So while you have to make some assumptions - and 'when will the difficulty increase' is one of those assumptions as well, but at least it's a pretty well-established one - you can certainly reduce the margin of error in those assumptions. So let's say you did that, reduced the margin of error of assumptions, use the difficulty as it is now, the projected next difficulty, the number of days in which that will happen, the average number of days between adjustments lately (closer to 12 days than the ideal 14 - and that's still being generous), assume that the difficulty will keep increasing by about 20%, the exchange rate will stay the same, and plot it over time for that same theoretical stickminer: So much for that. Okay, maybe the exchange rate doubles tomorrow: Okay, obviously that only doubles the revenue which is still much less than what you paid for it. Hey, I know! You get your electricity for free as well: Electricity is cheap on these StickMiners - it's practically a non-factor. Alright, time for some drastic measures. A bunch of miners pop out of existence and the difficulty only rises by 5% each time: Well at least it forced having to extend the X axis to 2 years, but there's still no break even. Not after 3 years either, nor after 4 years, not ever. You can't even continue the plot 'as is' because in less than 3 years the block reward will have halved from BTC25 to BTC12.5. And this is why I tell people not to bother with StickMiners when looking for a monetary ROI. At least, according to these calculations; Keep in mind again that I don't have a crystal ball (I do, but it only peers into the past) - I still made assumptions, just with lower margins of error. Situations certainly could change to where even a StickMiner could become profitable (and some calculators may suggest that it would). The question that then pops up is: would you not have been better off simply buying Bitcoin? ( Especially now. ) That's a discussion I'll well and truly leave to the Economics section and to the random strangers who were still 'discussing' that by the time I had to leave ( Note that people have had monetary ROI from StickMiners in the early days - that ship has sailed. Unless somebody makes a faster ship, for cheap, and delivers it on time. ) tl;dr: StickMiners are for FUN, not ROI. One user asked a slightly different question: How is there still a market for these? Below is my original reply: This discussion's been had before, so let me point you to these threads Are stick miners worth it? Why USB miners? Though your question is very slightly different [edit: asking from a manufacturer/reseller point of view, perhaps], so let me address it specifically: I'm not sure there is, at least for new units, unless they bring something special to the game (actually ROI, be a completely self-contained unit with a little LCD display, whatever). The reason for that is that these products have practically never given net financial ROI (see the ROI section for more info). This means that these would mainly be used either by people who don't know any better, enthusiasts, tinkerers and people who just want to try a little mining before deciding to drop several thousand on a serious miner. Ignoring the first category as that's an incredibly marginal market to begin with, that leaves the enthusiasts/tinkerers/beginners who might as well pick up a second-hand BlockErupter USB / Red Fury / AntMiner U1 or U2 for cheap, and play around with those. For those making them, the market is very unfavorable. Even with the rather nice NF6, the retail price was almost double what they would fetch at auction on e-bay. Materials cost-wise, they're probably still good to go - but with the man hours and potential licensing, I'm not sure they profited off those auctions. As I said in an earlier post, the May 04, 2014, 09:39:51 AM
This list last updated: October 10, 2015, 03:55:01 AM [ StickMiners overview | Post History | Block Erupter USB Homage | Rant about ROI | Resellers ] Where to buy So you've read through the Financial ROI post and still want to buy a StickMiner – good on ye! The main post table has price indications with links to the resellers from which the price was sourced. But they are not necessarily the only sellers. Below is a slightly bigger list of resellers of StickMiners, with little regard to their price.
Do you sell StickMiners? Would you like to be listed here, or do you know a (regional) store that sells StickMiners? Just drop a line here or in a PM with the store URL and, preferably, country and bitcointalk username, and I'll check it out. February 13, 2014, 11:28:17 PM
Message Input welcomed Thanks for reading this thread! If you have any corrections, additional data, have found a new StickMiner, are selling StickMiners and think you've got competitive pricing, are designing a StickMiner, please do drop a line in this thread or send me a PM. Change log (Updates to exchange rates implied) 2015/10/01
2015/01/22
2014/07/05
2014/05/21
Big Picture Mining was responsible for the following. RedFury design only. K1 Nano. Cancelled. BPM was dissolved soon after the first production run of the RedFury USB miners. Anything after that are NOT BPM. IceFury, 2nd round of production and those RedFury's sold by Megapower in the US, BlueFury were the responsibility of individuals or small groups of former BPM members. You should ask them to identify what name they were using as BPM was defunct well and truly before those were produced. Some of the former members are still waiting on royalties from some of these products that were sold.
February 13, 2014, 11:27:06 PM
Last updated: October 01, 2015, 11:00:00 PM (time of update inherently affects price conversions!) This post is an overview of 'USB stick' type mining hardware (StickMiners). It is intended as a living document and an alternative to broad mining hardware overviews that are incomplete and/or focused on money-making solutions. If you're interested in rackmount solutions, desktop boxes, or mining rigs of cards - look elsewhere. If you're interested in miners that give a positive Return-on-Investment (ROI) - probably look elsewhere. For details about the nature of this post, look below the overview.
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