USB Erupters price gone crazy | Bitcointalksearch.org

FalconFly

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Sentinel

Quote from: madcratebuilder on December 14, 2013, 08:11:05 AM

I think most people miss the ever increasing difficulty factor. I've paid as much as $20 and as little as $5 for block erupters. I have 100 cranking away along with some Blades. I've made my investment back but now that I'm in the profiet area the difficultly is so high I'm making 45% of what I was just six weeks ago.

I wonder what I could get for a 100 stick mine turn key?

If you were to list them on EBay Germany, you'd end up with approx. 5000-8000$ within days o.0
At least here, practical non-availability of literally anything at reasonable prices is what is making people buy it for "too much" (lacking alternatives, count me into that group :p )

What I also see lacking is "in-between" performing hardware, it's either the old hardware or buying big into Mar/Apr 2014 stuff with unknown outcome. Inbetween, there's a hughe gap.

madcratebuilder

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I think most people miss the ever increasing difficulty factor. I've paid as much as $20 and as little as $5 for block erupters. I have 100 cranking away along with some Blades. I've made my investment back but now that I'm in the profiet area the difficultly is so high I'm making 45% of what I was just six weeks ago.

I wonder what I could get for a 100 stick mine turn key?

takagari

legendary

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Most people know very little

Bitcoin = Money = Miner

The math to said equation however eludes them lol

lightfoot

legendary

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I fix broken miners. And make holes in teeth :-)

Most people are very, very bad at math.

Life like that. That said I really should sell my two erupters. They basically don't make enough bitcoin to keep them powered.

rostbiffen

member

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Quote from: bomberb17 on December 04, 2013, 04:15:39 PM

I remember a few weeks ago they were around $8 - $10 each.. Now on ebay they are over $50!!
What's going on? Why people are paying so much for them now?

I dont understand who is buying it, price /ghs right now is around 10 dollar, so a great price for an erupter should be 3-4 dollar.

reactor

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Activity: 420

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Quote from: byronbb on December 09, 2013, 12:27:47 AM

Quote from: takagari on December 06, 2013, 06:16:33 PM

It's simple, people on ebay are morons.

Amazingly it took 11 posts before someone nailed it.

See what price people pay for hardware on Bitcointalk? People on Bitcointalk are morons, too.

Tirapon

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Quote from: zeuzzz on December 08, 2013, 05:24:48 PM

Where is a good place to buy some cheap USB eruptors other than ebay? No way im paying that price.

How many do you want? I have a spare few lying around (I bought them for 1 BTC each - what a deal!). Anyway they aren't running, I guess I'd like them put to use.

Rakessh

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Quote from: aznatama on December 04, 2013, 07:08:20 PM

BTC triples in price, so hardware tied to btc price will also triple in price (ASICminer products are bought using only BTC from mfg). simple enough...

Did the hash rate it outputs magically tripple as well?

takagari

legendary

Activity: 1050

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Lol

It's like anything else, people get complacent..

A flyer advertises cheap lettuce, so people go there for the lettuce, and also buy the tomato, not realizing they have the most expensive tomato's.

Ebay is the same way. everyone just assumes it's the cheapest. ( I order a lot of smaller crap off there lol)

But in need items, such as these, get jacked, and ignorant ebayer's just assume they are cheap

byronbb

legendary

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HODL OR DIE

Quote from: takagari on December 06, 2013, 06:16:33 PM

It's simple, people on ebay are morons.

Amazingly it took 11 posts before someone nailed it.

lif3

newbie

Activity: 37

Merit: 0

Quote from: zeuzzz on December 08, 2013, 05:24:48 PM

Where is a good place to buy some cheap USB eruptors other than ebay? No way im paying that price.

Here?

zeuzzz

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Where is a good place to buy some cheap USB eruptors other than ebay? No way im paying that price.

Tasweb

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Merit: 10

It is complicated and scary to buy your first BTC but people want a part of the action. Those people are comfortable with eBay and they understand Paypal. Buying a miner off eBay to mine some BTC rather than having to send ID and real money to what seems like a dodgy website in some other country to buy BTC seems like a good option. That's how I started. I was then lucky enough to get in on the last GB for Erupters and have made far more reselling them on eBay than I ever would have mining with them. If ASICMiner were still producing them they would be selling for only $10 on eBay now. It's just supply and demand.

cowandtea

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Activity: 434

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Looks like buying and selling USB erupter is better then buying BTC itself

takagari

legendary

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It's simple, people on ebay are morons.

Assuming BTC stay's at 1000, and assuming the difficulty doesnt increase at all...

You can generate $7 a month.....

So they are buying them now for 60-70$.. 10 months to break even..

They simply don't understand how miner's work. Same reason people are renting out 24hr's of mining for STUPID rates. Can't make what your paying for your rent. lol

BTC wave has hit the moronic public Wink

Trongersoll

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Quote from: woodsandhillsplc on December 06, 2013, 02:34:37 PM

Quote from: aznatama on December 04, 2013, 11:38:23 PM

because those rigs aren't tied to btc prices. they accept BTC for payment, but the btc is immediately exchanged for fiat. ASICminer transacts in btc only, which is why their hardware went up in price.

Fair point, very interesting. Though I think the Block Erupters on eBay aren't tied to BTC either/take BTC as payment, but they have gone up hugely in price...

The crazy thing is that people are actually paying these prices. let see what things look like in a couple weeks if the exchange rate keeps dropping.

woodsandhillsplc

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Quote from: aznatama on December 04, 2013, 11:38:23 PM

because those rigs aren't tied to btc prices. they accept BTC for payment, but the btc is immediately exchanged for fiat. ASICminer transacts in btc only, which is why their hardware went up in price.

Fair point, very interesting. Though I think the Block Erupters on eBay aren't tied to BTC either/take BTC as payment, but they have gone up hugely in price...

sameev29

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Quote from: aznatama on December 04, 2013, 11:38:23 PM

because those rigs aren't tied to btc prices. they accept BTC for payment, but the btc is immediately exchanged for fiat. ASICminer transacts in btc only, which is why their hardware went up in price.

Upside for them to earn more in the chance.

aznatama

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because those rigs aren't tied to btc prices. they accept BTC for payment, but the btc is immediately exchanged for fiat. ASICminer transacts in btc only, which is why their hardware went up in price.

woodsandhillsplc

newbie

Activity: 53

Merit: 0

That is pretty crazy, I guess we are seeing the smallest micro-unit of that. The effect of mining equipment prices going up in a similar proportion to Bitcoin prices.

Though I note that the higher-end rig prices have not caught up yet?

Rigs that were $2k last month are still $2k this month from what I can see...

Topic: USB Erupters price gone crazy (Read 3659 times)