Once I started mining with Red Furies I sold these in December 2013 for $40 each or about $400 total after mining with them for a few months. This ended up being a real bargain as the demand for them skyrocketed as mining success stories started to come in. It looks like I was able to get them for about $13 a piece. How reasonable you ask? I dug through my old Gmail receipts to find this: In contrast to these previous offerings ASICMiner pushed enough real hardware in the market that ordinary people were able to obtain them for a reasonable price. They were finally shut down by the FTC in 2014. They sold tens of thousands of preorders for a miner they hadn’t produced yet and strung people along for essentially years. Butterfly Labs is an infamous example of this. Up until this point the Bitcoin ASIC market was filled with essentially scams. The mining speed of the miner was 330 MH/s. This miner was powered by the BE100 chipset (ASICMiner’s first generation 1 chip). Although this wasn’t the first ever Bitcoin ASIC introduced it was the first one that wasn’t nearly impossible to get your hands on. Our journey begins with the ASICMiner Block Erupter Sapphire miner. Let’s go on a journey together back to the year of 2013 and explore what old school Bitcoin mining ASIC hardware looked like, how much it cost, and what we can learn from them today! ASICMiner Block Erupter USB Sapphire Miner BlockErupter ASIC Miner I found a bunch of pictures in my photo library of my old mining rigs back from the dawn of Bitcoin ASIC mining and wanted to share them. To get seriously involved in the Bitcoin mining space of today will require you to already be quite wealthy and to put up some *serious* cash.īut things were not always this way. The most competitive Bitcoin mining operations today consist of entire warehouses of large ASIC miners usually located near sources of renewable energy or power plants selling off excess energy production for cheap.
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