Post
Topic
Board Group buys
Re: ASICMiner Block Erupter USB group buy
by
BlackLilac Grant
on 04/05/2013, 21:48:28 UTC
You can put me down for 10 in your group buy. I am also buying 300 myself for re-sale.

These are the devices that are going to keep Bitcoin decentralized. If we end up with ASICMINER doing all the hashing themselves, maybe competing with a few other massive farms, the entire P2P concept is out the window.

These allow the average user to keep mining Bitcoin with their personal computers. Selling 10,000 of these will put 3,000,000 MH/s back in the hands of the small-time miners and hobbyists, and more importantly keep them out of the hands of centralized farms and large corporations. BTC will be almost useless if all the mining becomes centralized.

People who think that an investment paying off in 10-12 months is terrible are delusional. Take your chances with BFLs $200 5 GH vapourware, see how that works out for you. You won't have it by Christmas if you order today. Meanwhile, myself and everyone I know will be plugging in these bad boys before JUNE.   Cool

Those who were hoping to pay $50 and make a massive profit instantly... I don't feel sorry for you. That's not how business works. ASICMINER doesn't need to sell these for what they earn in two months because they aren't trying to get pre-orders to fund their project... they have already done that and are ready to ship. There is no risk for the end customer, they will get their 300 MH/s right away.

If you wanted to make 10x returns on your BTC, you should have taken the risk and invested in ASICMINER's IPO. You can't expect a successful company to give away products for far less than what people are willing to pay for them.