Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Forums › Offers and Wanted › FS: Bitcoin ASIC MINER - USB Device x4


593 posts

Ultimate Geek
+1 received by user: 65


Topic # 119650 9-Jun-2013 10:29
Send private message

http://www.trademe.co.nz/Browse/Listing.aspx?id=602323315

I have 4 of these. The above is a $1 reserve listing.
The other 3 are also listed.

Block Erupter USB
Weight: <100 grams
Processing power: ~336 Mh/s
Electric current: ~510mA
Mining protocol: Icarus

View this topic in a long page with up to 500 replies per page Create new topic
 1 | 2
5564 posts

Uber Geek
+1 received by user: 251

Trusted
Geekzone
Lifetime subscriber

  Reply # 832926 9-Jun-2013 10:29
Send private message

Hey, have you listed a price, location and how much shipping would be to other parts of New Zealand? Also if you are asking for a PM make sure your Privacy settings allow your account to receive PM otherwise people can't contact you.




I am the Geekzone Robot and I am here to help. I am from the Internet. I do not interact. Do not expect other replies from me.

BDFL - Memuneh
61503 posts

Uber Geek
+1 received by user: 12219

Administrator
Trusted
Geekzone
Lifetime subscriber

  Reply # 832940 9-Jun-2013 10:59
Send private message

Can you join any pool with those or only their own pool?

How do you get paid (as in do you have a website to check your balance and send to your account/wallet)?

How much each if not on Trade Me?




Backblaze cloud backup (personal and business) | Geekzone broadband switch | Amazon (Geekzone aff) | MightyApe (Geekzone aff) | 

 

My technology disclosure  | Business Transformation | Enterprise Content Management | Customer Relationship Management

 

 



593 posts

Ultimate Geek
+1 received by user: 65


  Reply # 832945 9-Jun-2013 11:08
Send private message

Yes you can add to any pool the same way you can with any mining device (fpga/gpu/asic).
Most people run CGMiner. I'm sure the easy to use Java based Bitminter https://bitminter.com can use them, but I have not tested. If it doesn't now, it will soon.

I used to use Bitminter with my other miners, just because it's so easy to use, and very stable.

Easiest way is to set up a online wallet here: https://blockchain.info/wallet/

I'm not sure how much I want for them. I have the $1 reserve one, and 3 others.
I paid maybe $330-360 each in an early group buy.



593 posts

Ultimate Geek
+1 received by user: 65


  Reply # 832961 9-Jun-2013 11:53
Send private message

http://rdmsnippets.com/2013/05/29/setting-up-asicminer-block-erupters-on-windows-7/

Better guide.

BDFL - Memuneh
61503 posts

Uber Geek
+1 received by user: 12219

Administrator
Trusted
Geekzone
Lifetime subscriber

  Reply # 832993 9-Jun-2013 13:00
Send private message

$300 is expensive. If this was something around $50 I'd think of it. The return in one of these is almost non-existent compared to the investment.




Backblaze cloud backup (personal and business) | Geekzone broadband switch | Amazon (Geekzone aff) | MightyApe (Geekzone aff) | 

 

My technology disclosure  | Business Transformation | Enterprise Content Management | Customer Relationship Management

 

 



593 posts

Ultimate Geek
+1 received by user: 65


  Reply # 833032 9-Jun-2013 14:48
Send private message

Nobody would ever sell one of these to you for $50.

Nice exaggeration on return. It's $34.80 per month right now, also with resale value.
Yes difficulty will rise, but so will the BTC price.

BDFL - Memuneh
61503 posts

Uber Geek
+1 received by user: 12219

Administrator
Trusted
Geekzone
Lifetime subscriber

  Reply # 833071 9-Jun-2013 16:07
Send private message

I know people won't sell for $50. But that's how much I think one of these are worth. A $34.80 return a month? Is this discounting energy usage?




Backblaze cloud backup (personal and business) | Geekzone broadband switch | Amazon (Geekzone aff) | MightyApe (Geekzone aff) | 

 

My technology disclosure  | Business Transformation | Enterprise Content Management | Customer Relationship Management

 

 



593 posts

Ultimate Geek
+1 received by user: 65


  Reply # 833075 9-Jun-2013 16:09
Send private message

It's ~2.5 Watts.

BDFL - Memuneh
61503 posts

Uber Geek
+1 received by user: 12219

Administrator
Trusted
Geekzone
Lifetime subscriber

  Reply # 833076 9-Jun-2013 16:10
Send private message

Plus the machine running it, surely. Unless you already have a 24/7 machine you can't reach that return?





Backblaze cloud backup (personal and business) | Geekzone broadband switch | Amazon (Geekzone aff) | MightyApe (Geekzone aff) | 

 

My technology disclosure  | Business Transformation | Enterprise Content Management | Customer Relationship Management

 

 



593 posts

Ultimate Geek
+1 received by user: 65


  Reply # 833087 9-Jun-2013 16:20
Send private message

There are plenty of low power devices to run miners off.

Raspberry Pi at ~2 Watts idle for example.
There are also routers you can run miners off which are very low power.

2718 posts

Uber Geek
+1 received by user: 95


  Reply # 833094 9-Jun-2013 16:30
Send private message

freitasm: I know people won't sell for $50. But that's how much I think one of these are worth. A $34.80 return a month? Is this discounting energy usage?


Average Electricity Price in NZ: 27c kilowatt/hour

Cost to run for 1 year = $5.91

Bitcoin revenue = $417.60

Return on investment if sold after 1 year.
if bought for $50 = 922%
if bought for $300 = 237% 
if bought for  $4000 = 10%

Assuming capital value of device doesn't decrease over the year.




HTPC: Intel i3-2100 / 12GB RAM / AMD HD7750 / 480 GB SSD / 58TB Storage / MediaPortal / MadVR / Win10
AVR: Pioneer Elite SC-LX87 220W 9.2 Ch AVR
Speakers: Wharfedale Jade 7 Fronts / Jade 2c Center / Jade 5 Rears
Subs: iNuke 3000dsp 3000W proamp with 4x 15" JBL Sealed Subs
Display: Samsung 60" UA60H6400 LCD TV
Accessories: Gefen HDMI Detective with splitter

BDFL - Memuneh
61503 posts

Uber Geek
+1 received by user: 12219

Administrator
Trusted
Geekzone
Lifetime subscriber

  Reply # 833095 9-Jun-2013 16:34
Send private message

Only if you have a PC that is powered up. So add this to cost as well.




Backblaze cloud backup (personal and business) | Geekzone broadband switch | Amazon (Geekzone aff) | MightyApe (Geekzone aff) | 

 

My technology disclosure  | Business Transformation | Enterprise Content Management | Customer Relationship Management

 

 

2718 posts

Uber Geek
+1 received by user: 95


  Reply # 833097 9-Jun-2013 16:36
Send private message

freitasm: Only if you have a PC that is powered up. So add this to cost as well.


Internet router already running using USB port to connect - Add $0 to power cost
(or) Rasperbery Pi always on - Add ~$6 to power cost

So we can easily adjust for this using additional cost of having a Pi running.

Return on investment if sold after 1 year.
if bought for $50 = 910%
if bought for $300 = 235% 

Not a big difference in the numbers...




HTPC: Intel i3-2100 / 12GB RAM / AMD HD7750 / 480 GB SSD / 58TB Storage / MediaPortal / MadVR / Win10
AVR: Pioneer Elite SC-LX87 220W 9.2 Ch AVR
Speakers: Wharfedale Jade 7 Fronts / Jade 2c Center / Jade 5 Rears
Subs: iNuke 3000dsp 3000W proamp with 4x 15" JBL Sealed Subs
Display: Samsung 60" UA60H6400 LCD TV
Accessories: Gefen HDMI Detective with splitter



593 posts

Ultimate Geek
+1 received by user: 65


  Reply # 833099 9-Jun-2013 16:44
Send private message

freitasm: Only if you have a PC that is powered up. So add this to cost as well.


I just suggested the RPi / router... Foot in Mouth

BDFL - Memuneh
61503 posts

Uber Geek
+1 received by user: 12219

Administrator
Trusted
Geekzone
Lifetime subscriber

  Reply # 833149 9-Jun-2013 17:59
Send private message

If you don't have those then you still have to buy. I am thinking from the perspective of someone who has nothing and want to start. The return may not be enough if you have to buy something. But if you invest in four or five of those and run of a USB Hub like the one you linked before then scale kicks in and it starts being a good proposition.




Backblaze cloud backup (personal and business) | Geekzone broadband switch | Amazon (Geekzone aff) | MightyApe (Geekzone aff) | 

 

My technology disclosure  | Business Transformation | Enterprise Content Management | Customer Relationship Management

 

 

 1 | 2
View this topic in a long page with up to 500 replies per page Create new topic

Twitter »

Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.


Updates »

Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.