Why everyone keeps selling their long waited ASICMINER USB?

buckus69

newbie

Activity: 27

Merit: 0

Quote from: Trongersoll on June 18, 2013, 01:07:21 PM

Quote from: lazydna on June 18, 2013, 02:50:11 AM

Quote from: nottm28 on June 08, 2013, 04:29:30 PM

Quote from: nwoolls on June 08, 2013, 04:16:10 PM

Plug in 333 Mh/s for $250 into any of the calculators that take into account an exponential rise in difficulty and you will find that these never break even. If the difficulty is rising exponentially, which there are strong indications that it is, these items will make less and less at a rate that means they never pay for themselves at any power use or electricity cost.

I plan on running some and selling some on Ebay. Profits from Ebay means I won't need to cover the cost of the ones that I do run.

Assuming the price of bitcoin will remain the same... - if, in a years time from now 1 BTC = $500 dollars then these little usb gizmos will have been a steel...

doesn't work that way. you could just buy 2.2BTC instead and have no energy costs and make 1100.
at this rate, a USB miner won't ROI, ever.

But where is the fun in that?

Looked at from a purely financial aspect, these are not a good purchase unless the USD price per unit stays the same but the BTC --> USD value increases or the BTC price of the unit drops.

buckus69

newbie

Activity: 27

Merit: 0

These are selling on eBay now for around $280 - $300, down from ~$400 a couple weeks ago. Some are not even selling, either.

stex2009

legendary

Activity: 1148

Merit: 1000

Quote

if, in a years time from now 1 BTC = $500 dollars then these little usb gizmos will have been a steel...

but BTC could be $50 too!

kendog77

hero member

Activity: 742

Merit: 500

Quote from: Trongersoll on June 20, 2013, 11:56:37 AM

Currently people are paying < $300 on eBay. the demand is dropping quickly.

Right, because the product is not worth 2BTC and folks that can do basic math realize this. Fair value for a 300 MHs bitcoin miner at the moment is probably ~$50.

Trongersoll

hero member

Activity: 490

Merit: 501

Currently people are paying < $300 on eBay. the demand is dropping quickly.

Ashkelon

full member

Activity: 188

Merit: 100

Quote from: SlyFoxy12 on June 08, 2013, 09:35:31 AM

I'm not sure why people bought them up in the first place, they cost the same as a half decent graphics card, they hash about as much, but have no real resell value, it's only the fact that they're USB and lower power consumption that they're worth while, for me they're worth nothing as I mine electricity cost free, I liked the idea of being able to just put loads attached to one machine though.

people keep saying there is no resale value.. all I know is they can be bought from source for around 200 USD and sold for a little under twice that on ebay. I might be wrong but that looks like an 80% profit derived from resale benefits.

Trongersoll

hero member

Activity: 490

Merit: 501

Quote from: marra on June 20, 2013, 06:15:00 AM

blockerupter should cost 20eu max, I had one in hand yesterday, guy asked 2btc for it... we both agreed it's too much, with poor chance of ROI... and apparently, it gets really hot, passive cooling, you need a hub, can't plug it directly into comp...

Yes it gets too hot to touch, but it will run fine like that. You can plug it directly in to a computer, i ran 6 like that for over a week. Hubs just make it easier to run larger numbers of them and the fans just make people feel better running them cooler, not needed.

marra

full member

Activity: 189

Merit: 100

blockerupter should cost 20eu max, I had one in hand yesterday, guy asked 2btc for it... we both agreed it's too much, with poor chance of ROI... and apparently, it gets really hot, passive cooling, you need a hub, can't plug it directly into comp...

spike420211

sr. member

Activity: 1610

Merit: 372

Quote

The Jalapeno consumes about $0.07-$0.10/day to run, depending on local rates.

How is this possible, [assuming Jalapeno=>new BFL parallel ASIC]
if you hafta fan/refrigerate the crap out of em?

firefop

sr. member

Activity: 420

Merit: 250

Quote from: nwoolls on June 08, 2013, 04:16:10 PM

Plug in 333 Mh/s for $250 into any of the calculators that take into account an exponential rise in difficulty and you will find that these never break even. If the difficulty is rising exponentially, which there are strong indications that it is, these items will make less and less at a rate that means they never pay for themselves at any power use or electricity cost.

I plan on running some and selling some on Ebay. Profits from Ebay means I won't need to cover the cost of the ones that I do run.

That's one way to do it.

Another is to replace existing gpus with these (aka sell gpus that already earned themselves out) use the profit from that to buy usb devices. Net effect - keep your hashrate - lose most of the electric cost. That's what I've done. Sure they're overpriced if I were using them to grow my farm but replacing gpus means these earn themselves out in a ~3 months based on power costs.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Because some of them bought it just to resell it to some other sucker and some realized they were suckers themselves by buying it at first place and now want to find some other sucker to hold the bag.

Trongersoll

hero member

Activity: 490

Merit: 501

Quote from: lazydna on June 18, 2013, 02:50:11 AM

Quote from: nottm28 on June 08, 2013, 04:29:30 PM

Quote from: nwoolls on June 08, 2013, 04:16:10 PM

Plug in 333 Mh/s for $250 into any of the calculators that take into account an exponential rise in difficulty and you will find that these never break even. If the difficulty is rising exponentially, which there are strong indications that it is, these items will make less and less at a rate that means they never pay for themselves at any power use or electricity cost.

I plan on running some and selling some on Ebay. Profits from Ebay means I won't need to cover the cost of the ones that I do run.

Assuming the price of bitcoin will remain the same... - if, in a years time from now 1 BTC = $500 dollars then these little usb gizmos will have been a steel...

doesn't work that way. you could just buy 2.2BTC instead and have no energy costs and make 1100.
at this rate, a USB miner won't ROI, ever.

But where is the fun in that?

lazydna

full member

Activity: 126

Merit: 100

Quote from: nottm28 on June 08, 2013, 04:29:30 PM

Quote from: nwoolls on June 08, 2013, 04:16:10 PM

Plug in 333 Mh/s for $250 into any of the calculators that take into account an exponential rise in difficulty and you will find that these never break even. If the difficulty is rising exponentially, which there are strong indications that it is, these items will make less and less at a rate that means they never pay for themselves at any power use or electricity cost.

I plan on running some and selling some on Ebay. Profits from Ebay means I won't need to cover the cost of the ones that I do run.

Assuming the price of bitcoin will remain the same... - if, in a years time from now 1 BTC = $500 dollars then these little usb gizmos will have been a steel...

doesn't work that way. you could just buy 2.2BTC instead and have no energy costs and make 1100.
at this rate, a USB miner won't ROI, ever.

echris1

full member

Activity: 125

Merit: 100

I have 6 of these now, and I look at it the same way as Xian01. I have been running my 12 cards for 2 years now. Some of my cards are just giving up. I broke even a long time ago, and now I can upgrade to ASICs, keep running something, and use a tiny amount of electricity and air conditioning.

So I spend a few coins and stay involved, as my lovely rigs slowly burn themselves out. =)

kevcoins

member

Activity: 117

Merit: 10

is a hardware for the museum and for hobbyist to admire as a collector's item.. Asicminer is dumping his outdated hardware ... smart guy though

420

hero member

Activity: 756

Merit: 500

how long is the wait from purchase to arrival ETA

wrenchmonkey

full member

Activity: 224

Merit: 100

Quote from: spike420211 on June 09, 2013, 01:52:42 PM

Quote from: J35st3r on June 09, 2013, 03:51:55 AM

Quote from: spike420211 on June 08, 2013, 10:28:58 PM

I assume there's a way to bring power off a 12-25v solar cell pack
[ like the ones JC Whitney sells to charge car batteries ]
or a less-overkill cell
and down-regulate it to 5VDC for a USB hub?

Google "buck converter" (sounds like some shady finance shop. but its a PSU). Though I don't understand the hype about solar powered mining, any significant downtime (like overnight) hits your ROI hard. Maybe its more environmentally friendly (but not with all those batteries you're going to need to run 24x7), but it hits your pocket.

The battery would just be for the USB/ASIC miners.
I was thinking more of tapped off a user's PC, not stand-alone.
Even w/o solar cells, the power savings over BFL/GPU rigs are enormous.

[Unless you're in mom n dad's basement, and they're paying the utility bills...]

You're so full of shit, it's hilarious. The Jalapeno consumes about $0.07-$0.10/day to run, depending on local rates. If you believe that $0.07/day in operating cost is significant, you are almost CERTAINLY already living in your parents' basement... Roll Eyes

Malawi

full member

Activity: 224

Merit: 100

One bitcoin to rule them all!

The power savings is not enough to justify the price, at least not unless you are off-grid.

Still - it's probably better to invest the money directly into bitcoins.

My guess is that the eruptors might become dirt-cheap in a couple of months. Then It might become interesting to have powered usb-strips with eruptors.

spike420211

sr. member

Activity: 1610

Merit: 372

Quote from: J35st3r on June 09, 2013, 03:51:55 AM

Quote from: spike420211 on June 08, 2013, 10:28:58 PM

I assume there's a way to bring power off a 12-25v solar cell pack
[ like the ones JC Whitney sells to charge car batteries ]
or a less-overkill cell
and down-regulate it to 5VDC for a USB hub?

Google "buck converter" (sounds like some shady finance shop. but its a PSU). Though I don't understand the hype about solar powered mining, any significant downtime (like overnight) hits your ROI hard. Maybe its more environmentally friendly (but not with all those batteries you're going to need to run 24x7), but it hits your pocket.

The battery would just be for the USB/ASIC miners.
I was thinking more of tapped off a user's PC, not stand-alone.
Even w/o solar cells, the power savings over BFL/GPU rigs are enormous.

[Unless you're in mom n dad's basement, and they're paying the utility bills...]

Malawi

full member

Activity: 224

Merit: 100

One bitcoin to rule them all!

Quote from: J35st3r on June 09, 2013, 03:51:55 AM

Quote from: spike420211 on June 08, 2013, 10:28:58 PM

I assume there's a way to bring power off a 12-25v solar cell pack
[ like the ones JC Whitney sells to charge car batteries ]
or a less-overkill cell
and down-regulate it to 5VDC for a USB hub?

Google "buck converter" (sounds like some shady finance shop. but its a PSU). Though I don't understand the hype about solar powered mining, any significant downtime (like overnight) hits your ROI hard. Maybe its more environmentally friendly (but not with all those batteries you're going to need to run 24x7), but it hits your pocket.

The batteries are expensive because partly because of the expensive metals in them. A used battery can be sold and will be recycled, meaning that the environmental impact is fairly little.

Topic: Why everyone keeps selling their long waited ASICMINER USB? (Read 4348 times)