ASICMiner USB Block Erupter Bitcoin Miner - 335MH/s is for sale on cryptothrift.com for Bitcoin and Litecoin https://cryptothrift.com/auctions/crypto-mining-asic/asicminer-usb-block-erupter-bitcoin-miner-335mhs-2/
For Sale: ASICMiner USB Block Erupter Bitcoin Miner - 335MH/s on cryptothrift
For Sale: ASICMiner USB Block Erupter Bitcoin Miner - 335MH/s on cryptothrift for cryptocoins Tags: ASICminer, ASICMINER usb, Bitcoin ASIC Miner, bitcoin miner, BitCoin Mining, Block Erupter USB by ASICMiner, Block Eruptor USB, USB ASIC, USB ASIC Miner, USB Bitcoin, USB bitcoin miner cryptothrift is a Bitcoin, Litecoin and altcoin marketplace and auction site with automated escrow.
ASICMiner USB Block Erupter Bitcoin Miner - 335MH/s is for sale on cryptothrift.com for Bitcoin and Litecoin https://cryptothrift.com/auctions/crypto-mining-asic/asicminer-usb-block-erupter-bitcoin-miner-335mhs/
I have two "ASICMINER Block Erupter 333MH/s ASIC USB BTC Bitcoin Miner SHA256" can somebody help me on what software do i need that will use these usb asics and mine bitcoin or any other crypto coin. (i don't care if is it profitable orn not)
ASICMiner Block Erupter USB 330MH/s Sapphire Miner is for sale on cryptothrift.com for Bitcoin and Litecoin https://cryptothrift.com/auctions/crypto-mining-asic/asicminer-block-erupter-usb-330mhs-sapphire-miner-3/
ASICMiner Block Erupter USB 330MH/s Sapphire Miner is for sale on cryptothrift.com for Bitcoin and Litecoin https://cryptothrift.com/auctions/crypto-mining-asic/asicminer-block-erupter-usb-330mhs-sapphire-miner/
ASICMiner Block Erupter USB 330MH/s Sapphire Miner is for sale on cryptothrift.com for Bitcoin and Litecoin https://cryptothrift.com/auctions/crypto-mining-asic/asicminer-block-erupter-usb-330mhs-sapphire-miner-2/
This high Quality USB miner is ready to ship! You are buyinga ASICminer USB Block Erupter ASIC hashing device. It runs at 336 MH/s. Product is brand new new. It has been plugged in only for testing, and it works perfectly. Product is on hand and will ship same or next business day upon receipt of payment. Send 0.60 BTC to the address below and message me with shipping instructions Bitcoin payment address: 1Myb25jVibRzwTpKsDHp3XmuTjtSg6DYom
I received a call from Ebay today saying that I was not allowed to list bitcoin related hardware on their site. They stated that this type of product does not fit their "risk profile". I asked them for clarification and the lady seemed to think I was selling bitcoins. I'm selling ASICMINER USB Block Erupters. I told her that I have the product in hand and tested and she said it did not matter. She said that listing ANYTHING related to bitcoins violates their terms of service at this time. I then had all of my outstanding auctions deleted, even though I have recently sold several usb miners. They are not rescinding the auctions but I am doubtful they will let me list again. Has anyone else had this issue? Are there any alternative places I can sell this hardware? edit* - Recently found this thread on bitcointalk where someone had their paypal account frozen: https://bitcointalk.org/index.php?topic=202431.0
So I have a little $20 ASICMiner Block Erupter USB miner I used to mine Bitcoin and Peercoin for a while. Unfortunately, the difficulty of mining Peercoin has risen such that it's not powerful enough to make back its electricity usage. As I understand it, a Bitcoin miner is basically just an ASIC designed to break SHA-256 encryption. With this in mind, is there anything can do with it and my Raspberry Pi (other than crypto mining, of course)?
TL:DR: Don't bother mining if you want to get rich yo. You're way too late to the party. Welcome to the exciting and often stressful world of bitcoin! You are wondering what looks like a once in a lifetime opportunity to get rich quick. Of course you guys probably heard about this "mining" process but what is this? Simply put, a bitcoin mining machine that performs complicated calculations and when deemed correct by the network, receives a block which contains 25 bitcoins (XBT). This is how bitcoins are generated. So your brain instantly thinks, "Holy shit, how can I get on this gold rush?" Before you proceed further, I would like to explain the concept of mining further. Bitcoin is limited 21m in circulation. It is coded to release a certain number of blocks at a certain time frame, ie: this year the network will release close to 500,000 bitcoins. What this means is that the more people (or specifically the amount of mining power) mine, the less each person gets. The network tries to keep to this time frame through the process of difficulty adjustments which makes the calculations harder and this happens every 2 weeks. So every 2 weeks, you get less bitcoins with the same hash rate (mining power) based on what the difficulty changes are. Recently, the changes have been pretty staggering, jumping 226% in 2 months. You can see the difficulty changes here. Now, why are these changes so large? A bit of a simple history. Bitcoin's algorithm runs on SHA-256. This algorithm can be solved using many hardware, from CPU to GPU and dedicated hardware (Application Specific Integrated Circuits). When bitcoin first started, mining on CPU was a trivial process, you can pretty much earn 50 XBT (the block size then) every few hours between Q1 and Q2 of 2010. In late 2010, due to the difficulty increase that is reducing the effectiveness of CPU mining, people started to harness GPU mining. Only AMD GPU's architecture design are better optimized for bitcoin mining so this is what the community used. Immediate improvements of more than 10x was not uncommon. In time of course, GPUs reached their limit and people started to build dedicated. In the same vein as the CPU to GPU transition, similar performance increase was common. These ASICs can only perform SHA-256 calculation so they can be highly optimized. Their performance mainly depends on the die size of the chips exactly like CPU chips. In general, think of bitcoin mining's technological advancement no different to mining gold. Gold panning (CPUs) vs pickaxes (GPUs) vs machinery (ASICs) and we are still in the ASIC mining race. ASIC mining started with ASICMiner and Avalon being first to the market, both producing 130nm and 110nm chips. The technology are antiquated in comparison to CPUs and GPUs which are now 22nm with 14nm slated for Q1 next year by Intel but they are cheap to manufacture and with performance gains similar to the CPU to GPU transition, they were highly successful and popular for early adopters. At that point in time since there were less competing manufacturers and the low batch runs of their products, miners became really rich due to the slow increase in difficulty. The good days came to an end mid August with an unprecedented 35% increase in difficulty. This is due to existing manufacturers selling more hardware and many other players coming onto the market with better hardware (smaller die). Since die shrinking knowledge and manufacturing process are well known along with a large technological gap (110nm vs 22nm), you get an arms race. Current ASIC makers are closing in on our technological limit and until everyone catches up, the difficulty jumps will be high because it is just too easy to get a performance increase. Most newer products run at 28nm and most chips are not well optimized, so it will be around another 6 to 9 months before we see hit a hard plateau with 22nm or 14nm chips. The estimated time frame is because manufacturing chips at 22nm or 14nm is a more difficult and expensive task. In the meantime most manufacturers will probably settle at 28nm and we will reach a soft plateau in about 3 months. Now, you might ask these questions and should have them answered and if you have not thought about them at all, then you probably should not touch bitcoin until you understand cause you are highly unprepared and probably lose lots of money.
I read that you can mine with a CPU/GPU, should I do so?
No. If you have to ask, please do not touch bitcoin yet. You will spend more on electricity cost than mining any substantial bitcoin. Seriously. At all. A 7990 would produce a pitiful 0.02879 XBT (USD $14 @ $500/XBT exchange rate) for the next 30 days starting 23 Nov 2013 at 35% difficulty increase. And if you think you can mine on your laptop either on a CPU or GPU, you are probably going to melt it before you even get 0.01 XBT.
I get free electricity and I have existing hardware, should I still mine?
Probably not because you probably forgot that GPUs and CPUs produce a ton of heat and noise. You can try but I see no point earning < $20 bucks per month.
Should I buy an ASIC machine?
No, because your machine will probably not mine as much as buying bitcoins. This situation is called the opportunity cost. While you can still make money if XBT rise in value, it is a fallacy.
IE: if you start mining on 1 Dec 2013, a KnC Jupiter running at 450Gh/sec (KnC lies as not all chips run at 550Gh/sec) will yield you a total revenue of 9.5189 XBT with a profit of 0.7859 XBT in profit by 30th Jan 2014 at a constant difficulty increase of 35%. The opportunity cost is: 8.5910 XBT @ USD $580/XBT with USD $5,000 which is the cost of a KnC Jupiter. This is the best you can earn and it's a bloody optimistic assumption because:
You are assuming your pre-order will arrive on time. (I do not think any first batch pre-order from any manufacturer has arrived on time).
All pre-orders are sold out for 1 Dec.
You are assuming your chips will run at 450Gh/sec minimum but many miners here will tell you their chips have been under performing.
Electricity cost have not been taken into account.
Shipping cost and time has not been taking into account.
Import Tax or VAT has not been taken into account.
Risk of downtime due to DOA or warranties has not been taken into account.
You are assuming the difficulty increase will be a constant 35% which is very unlikely because Cointerra with a team that has worked on some of the world’s highest performance CPUs, GPUs and chipsets for NVIDIA, Intel, Samsung, Qualcomm and Nortel has pre-sold an absurd amount of hash rate. Difficulty increase of 45% or more (which we have seen when a small player, KnC shipped their 1st batch) will be repeated commonly. This is only 1 company, imagine what the rest will come out with. I have failed repeatedly and so have many in estimating future hashrate. You wont be able to do better.
Even if you earn some profit, it will be < 15% and will probably be not worth your risk or your trouble. I can buy and hold XBT with no risk of losing them.
The only circumstances where you will earn money is when XBT exchange rates is so high that it makes the opportunity cost pales in comparison. Unfortunately this is not the case. If XBT stabilized at 900/XBT today (20 Nov 2013) then we might have a good case. The risk is just generally not worth it. Unless you have at least a hundred thousand and can make a contract with a manufacturer for a lower cost, do not bother. Just wait until the arms race is over then you can start mining.
I understand I probably won't earn any money, I just want to do this for fun/hobby...
Okay, go buy an AsicMiner USB Block Erupter. They are cheap and pretty fun to have.
I want something with more omph and still do not mind losing money
Sure, just read the answer below on who NOT to go for. You are doing bitcoin a service by securing the network and you have our (the users') gratitude.
Who are the manufacturers?
You can check out the manufacturers and their products below along with a calculator here. If you still insist on buying, do not to go for BFL. Their track record is horrid and borderline scammish. KnC fucked up a lot with defective boards and chips. Personally, I think CoinTerra is the best choice. Alternatively, you can go on the secondary market to buy a delivered product. You can get a better deal there if you know how to do your "return on investment (ROI)" calculation. Personally, I will go for a 45%-50% difficulty increase for the next 3 months for my calculations and a 2% pool fee. However, most products on ebay are sold at a cost much higher than it should. bitcointalk.org is a cheaper place because everyone knows what are the true value is so you will find less options. If you are unclear or need assistance, please post a question.
Which pool should I use?
I actually do not use any of the pools recommended to the left because I think they lack features. My favourite is Bitminter (Variable fees based on features used; max 2%). It has all advanced features for a pool, very responsive and helpful owner on IRC. Variable fees is good for those who do not need a large feature set, even with all features turned on, it is still cheap. Eligius (0% fees) has high value for money but lacks features. It has anonymous mining which might be attractive to certain subset of people but not for others. Many other community member and I disagree highly with the opinions of the owner on the direction of bitcoin. I do use his pool for now but I do so only because I share my miners with a few partners and anonymous mining allows us to monitor the machines without using an account. Bitminter uses only OpenID which is problematic for me. BTC Guild (3% fees) is another big pool and is fully featured and does charge a premium for their fees. That said, they are the most stable of the lot. I do use them but do so only because my hoster uses them for monitoring. I try not to use them because a pool with a very large hash rate (they are the largest) presents a large vulnerability to bitcoin's network if compromised. All of them pay out transaction fees.
Hello! At the moment, I don't use my Raspberry Pi for something usefull. A friend of my recommended that I could start mining Bitcoin. I have never done it before (Just some days on my computer. Manged to mine 0,00x something Bitcoin), and I wanted to try it out after reading this. I know that I am not able to generate that much Bitcoin, but I just want to start. As I said, I don't use it to anything else. Why not mining for Bitcoin? I have never done it before on Linux. My idea was to buy a USB Hub, a fan, and a lot of these. So, how would this actually work with the Raspberry? I am afraid that it's using a bit to much power than the Raspberry can handle. Fortunately, the USB Hub is powered. Can I buy two of these hubs, and then connect 9 miners on each? Is this actually possible? Do you have any great tutorials on how I can easily set up a miner on Raspberry Pi? Thank you very much!
Looking for a beginner hobby project: Is a Raspberry Pi controlled ASICMiner Block Erupter USB array worth my time?
Hello! I've been wanting to get involved with bitcoin mining for a while and thought that bitcoin black friday was a great time to take the plunge and order some hardware. I don't have the money to invest in hardware that would actually provide a net profit, but that's not really important as I'm interested in getting involved as a hobby project. I recently came across this PiMiner Raspberry Pi Bitcoin Miner kit/tutorial and it looks quite interesting. My question for you guys is if you've had any experience or know of any flaws with this setup or even if this is so outdated now so as to render it useless as a miner. I suppose the big unknown for me in this setup is the ASICMiner Block Erupter USB devices. Is there a better mining hobby setup available in the same kind of price range? Would the raspberry pi controller work with a better alternate USB ASIC miner? Thanks for taking the time to help me get started with this hobby!
MAD Doge - Such Problems, Much Solutions, Year of DOGE. (March 30th, 2014)
MAD Doge – 3/30/2014 The epic battle in price PANIC! PANIC? Well yes, panic if you want, it’s apocalypse time.
ASICs - What's wrong with efficiency?
ASICs concentrate the mining power to connected and individuals who can either build the mining devices or fabricate the chips. Since they are application specific, the cost and availability is not held up by alternative uses.
ASICs introduce incredible hashing power which can allow 51% attacks for a cost-effective price. Additionally, Multipool effects can be multiplied as well as become easier with ASIC / GPU combined mining.
ASICs are a losing game unless you have the ability to get in on unreleased designs. Buying an ASIC without access to these designs will always leave you at a generation behind the current standard. (Look at Block Erupters - The people who purchased them for $100/piece are doomed to sell them for less as mining can never compensate their losses)
Cryptocurrency is considered a property for taxable purposes, this can cause problems since there are a variety of ways this can be considered, referencing transactions for new transactions will cause a variety of exchange rates to be concentrated at one transaction and the change in value overall has to be calculated for it to be reported on your W-2 tax form (For the USA MAD Doge's)
Cryptocurrency exchanges might accept this and fight to keep this since you will be required to use a cryptocurrency exchange or similar group to track your transactions for taxable purposes. This ADDS additional transaction fees that go directly against one of the core goals of BitCoin...minimal transaction fees - VIDEO LINK (Notice anything that has changed since the generation of this video?.
The need for DogeCoin to have a higher value
DogeCoin needs a higher value as time goes on in order to keep people mining and to avoid the profitability of a 51% attack. Unfortunately, the last halving has left us at only an increase from some of the lowest numbers to around 120 satoshi. Even though this is above double the last average low (58 satoshi), this is actually lower in tradeable value as DogeCoin has dropped with BitCoin to less than the comfortable average of $0.001/DOGE - Side Note: If you're reading this, reply to this post with a joke, I'll tip a bunch.
DogeCoin Value can increase one of two ways and a variety in between: A jump in mining cost and overal hashrate (all else held constant) or a jump in DogeCoin demand. Some might think that ASIC's are a great solution since the hashrate will jump through the roof, however this is foolish. There will not be a cost rise overall since the price to mine will drop as these new asics are rolled out. The difficulty will rise and mining will be backed by a smaller group that mine at a lower cost, thus the new miners will be willing to sell for less.
What am I doing? How am I invested in a solution? (WOW SUCH LONG READ)
I mine via GPU's, my current hashrate is 700-900kh/s. I am running 7790 graphics cards and have recently switched to two 270's which are at 420kh/s average. They're not getting much return, but at least I'm helping keep the system from being 51%'d
I invest in new cryptocurrencies, even if they lose me money (I have lost $50 in new cryptocurrencies) since it is important to buy in to new cryptocurrencies in order to keep their value up so that the development keeps improving. I invested in KGW (Kimoto's Gravity Well) based currencies and Scrypt-N (which I refuse to mine...yet) proof-of-work currencies as well as ones that offer unique improvements to everyday cryptocurrency problems.
Pushing for a solution to ASICs in the order of finding a new way to do Proof-of-Work that is highly efficient on GPU's and CPU's so that anyone can mine equally and profitably (If they are willing to do so).
What's going to happen?
Prices are going to drop until we get a permanent solution or higher demand for DogeCoin. People right now have other larger problems to worry about and will focus on them primarily. Watch out for the price drops near USA Tax Day (April 15th) and possible April Fools price fluctuations if people take fake stories seriously.
Watch out for DogeCar, the price is definitely going to rise, but it's going to be a hard sell since we're basically trying to sell a precious metal now (according to USA's IRS), if you think that's easy, google search gold informercials since gold is also a property.
Prepare for a fork, if new ASICs come on the market and dwarf the current hashrate, a 51% attack could cause us to fork, similar to how AuroraCoin forked. This could also cause Multipool-type shenanigans again.
It's going to be a rough ride, but there are upsides, Cryptsy has started on USD/DOGE exchanges.
Are the socalled "Bitcoin Block Erupter USB ASICminer" legitimate?
I've been interested in BitCoins for a while, but haven't quite taken the time to get to understand it fully. I recently found this on eBay, which looks a bit less complicated. Link for eBay auction Would this be a good "starting device", and would it be able to net in any profits? If so, how much (little)?
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