21 co introducing bitcoin [mining+] computer for $399.99 (unofficial thread) - page 2.

Guy Corem

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Spondoolies, Beam & DAGlabs

Quote from: lovenlifelarge on September 25, 2015, 07:04:55 AM

OMG, I can't believe no one here has thought about this for 2 mins to think about this in a positive aspect & how its not a miner...

& its not an IOT device, Well not in a sense that i see but a paid for service..... ( I can already here u all saying? Huh

? What the??? )

Isn't everyone rushing to get a Silk road / Ebay / Paypal service up & running??

https://openbazaar.org/

Anyone???

Think about this.....

BTC Fullnode + wallet + space for apps, My guess would be an ebay style marketplace & escrow.

Think about loading the service across endless nodes & paying them a small amount to run (Hence the small miner)

So Us$400 is entry to setup a distributed ebay style service & the miner is payback for running the service...

This would get the service setup & running on lots of ip addresses saving them $$$$ on running the servers themselves, Leaving them just to run the backend & escrow service...

I'm pissed i didn't think of this first & seems i'm not the sharpest tool in the shed why no one else here thought of it before me??

I don't know if it's sarcasm or not.
Anyway: https://bitseed.org/product/core/ + Sidehack USB miner.

lovenlifelarge

hero member

Activity: 676

Merit: 501

OMG, I can't believe no one here has thought about this for 2 mins to think about this in a positive aspect & how its not a miner...

& its not an IOT device, Well not in a sense that i see but a paid for service..... ( I can already here u all saying? Huh

? What the??? )

Isn't everyone rushing to get a Silk road / Ebay / Paypal service up & running??

https://openbazaar.org/

Anyone???

Think about this.....

BTC Fullnode + wallet + space for apps, My guess would be an ebay style marketplace & escrow.

Think about loading the service across endless nodes & paying them a small amount to run (Hence the small miner)

So Us$400 is entry to setup a distributed ebay style service & the miner is payback for running the service...

This would get the service setup & running on lots of ip addresses saving them $$$$ on running the servers themselves, Leaving them just to run the backend & escrow service...

I'm pissed i didn't think of this first & seems i'm not the sharpest tool in the shed why no one else here thought of it before me??

toptek

legendary

Activity: 1274

Merit: 1000

Quote from: brontosaurus on September 23, 2015, 03:07:16 AM

In case of any doubt about 21's intentions, they, and their investors couldn't care less about whether or not this development boards sells 1 or a million units, the end game is to generate enough public interest for an IPO which will probably be priced at about $25 + billion (at least to the sheep that will doubtlessly buy shares in it).

They can claim they have sold 100,000 boards to developers. Who will know? They'll get plenty of hangers-on to publicly declare their support for the project and the idea of micropayments for digital services.

Once they get their hands on a couple of billion.....you can imagine what they might do.

I can but i won't make it a list , will say KNC again maybe, lmao.or a honest type knc that sells to the public based in the US and the US needs more chip maker etc to drive down prices and set standard again like we use to a long time ago .That's not gonna happen either..

toptek

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Does this 0.16w/Gh mean they have a real miner in the works, if this one cost 400 you can bet any thing that actually mines bitcoins and is for bitcoin mining they make is gonna cost, is this real ? .

Meech

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Interesting things are coming but are they viable to the home miner? Does this node come with free preinstalled spamware?
You know their investors only opted in on this venture if to only exploit their linked services they deem important in the road to Bitcoin's growth (I mean taking the ride on Bitcoin's success and profitablility).

Biodom

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SPT resurfaces with a 110 TH SP-50 (only for some customers) machine...things are happening in bitcoin

brontosaurus

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In case of any doubt about 21's intentions, they, and their investors couldn't care less about whether or not this development boards sells 1 or a million units, the end game is to generate enough public interest for an IPO which will probably be priced at about $25 + billion (at least to the sheep that will doubtlessly buy shares in it).

They can claim they have sold 100,000 boards to developers. Who will know? They'll get plenty of hangers-on to publicly declare their support for the project and the idea of micropayments for digital services.

Once they get their hands on a couple of billion.....you can imagine what they might do.

Guy Corem

donator

Activity: 1414

Merit: 1051

Spondoolies, Beam & DAGlabs

Quote from: TheRealSteve on September 22, 2015, 04:24:32 PM

Quote from: Guy Corem on September 22, 2015, 01:46:27 PM

Isn't Raspberry PI 2 + Sidehack's 1384 dongle is essentially the same for quarter of the price ?

If one were to add the software and backend ecosystem (however that pans out, exactly), yes.
...

Let's wait and see. For software and backend ecosystem to succeed, the client side should be open source, so ...

Read the last paragraph here:
https://www.zapchain.com/a/l/marketing-bitcoin-to-the-masses-selling-21-on-ignorance/GZqWqHBNoD

sidehack

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Curmudgeonly hardware guy

Quote from: alh on September 22, 2015, 06:59:00 PM

Personally I am just happy to have Spondoolies "surface" again and resume communication. Clearly they didn't say the right words or prepare the right kind of PowerPoint slide to extract $116M from the VC guys in California. Probably not the worst thing that could happen to them (IMHO).

It's probably a compliment to the way SPT does business that they didn't get buckets of the California VC money, if the California VC money are looking to sponsor stuff like what 21 is pushing. I may disagree with a lot of SPT's engineering decisions, but from a business standpoint at least the function of their product line isn't ridiculous, useless or both.

notlist3d

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Quote from: -droid- on September 22, 2015, 05:54:55 PM

It seems pretty spendy for what it is... but then again we dont even know its full capability regarding software and whatnot.

I sure hope the R1 is around $100

Sidehacks Compac - 25
Tplink nano -30 (20 some places).

So I hope they are between the 50-75 mark. There is nothing revolutionary with R1 just a travel router that mines. So I hope closer to 50 mark.

But likely they will have priced up some. But not near the 400, then again I dont think R1 will get near speed of this 21 device.

Biodom

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Quote from: alh on September 22, 2015, 06:59:00 PM

Personally I am just happy to have Spondoolies "surface" again and resume communication. Clearly they didn't say the right words or prepare the right kind of PowerPoint slide to extract $116M from the VC guys in California.

me too, actually. i always felt that it was not good for anybody that they kind of disappear for a while. it remains to be seen if they will engage the retail again.

alh

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Personally I am just happy to have Spondoolies "surface" again and resume communication. Clearly they didn't say the right words or prepare the right kind of PowerPoint slide to extract $116M from the VC guys in California. Probably not the worst thing that could happen to them (IMHO).

-droid-

legendary

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It seems pretty spendy for what it is... but then again we dont even know its full capability regarding software and whatnot.

I sure hope the R1 is around $100

calichomp

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Quote from: Guy Corem on September 22, 2015, 01:46:27 PM

Quote from: alh on September 22, 2015, 01:43:02 PM

Quote from: HyperMega on September 22, 2015, 01:32:49 PM

.......

As usual, you are very well informed, Guy! Wink

To be fair, with 0.16 J/GH this would be the most efficient chip in the wild so far.
The 0.6V BM1384 value is just quadratic extrapolations of the 0.66V value. Try it, it fits perfectly. IMHO too perfect for a measured value.

Anyway, 21 really screwed it up with the GH/mm2 value. In best case they have here about 2 GH/mm2 (for sure not with 0.16 J/GH). This is a good GH/mm2 value for 28nm, but for 22nm it should be 3 ... 4 GH/mm2. Otherwise this chip will be simply too expensive in production to be competitive for standard miners.

You have got to stop thinking about conventional economics here. The IoT bandwagon is impervious to conventional economic considerations. After all, folks are going to just be so happy to pay an extra $25 for their light bulb, it doesn't matter if the ASIC price is a little high. The fact that it's going to be part of the IoT relieves it from those pesky metrics.

If it's connected to the Internet, it MUST be great!!!

Isn't Raspberry PI 2 + Sidehack's 1384 dongle is essentially the same for quarter of the price ?

Observe: this is the type of product philosophy that is likely to put you in a position to have to fire-sale your company and dilute yourself off of your own cap table.

Biodom

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few points:

1. this is not a miner, most and foremost upon further reading.
2. I detect some jealousy from the SPT. Yeah, 0.16 is not great. Looking forward to something better than 0.16 from you at a stable/stablish price, otherwise this is just academic.
3. Miners that are only mining, then selling their coin do not make a ecosystem with a balance of buys and sells, hence the relentless price decrease in the last 22 mo.
4. This computer MIGHT provide an impetus for the development of services, which for me as a bitcoin supporter would be a good thing.
5. Obviously, $400 price is a bit steep for individuals, but maybe OK for somebody. Of course, around $200 would be much better (See #6).
6. somebody posted that the sum of parts for it is ~$250. In order to encourage use, they should sell it at cost initially.
https://bitcointalksearch.org/topic/m.12494550

TheRealSteve

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FUN > ROI

Quote from: Guy Corem on September 22, 2015, 01:46:27 PM

Isn't Raspberry PI 2 + Sidehack's 1384 dongle is essentially the same for quarter of the price ?

If one were to add the software and backend ecosystem (however that pans out, exactly), yes.

Not sure if this is the thread I've mentioned it in, but I can see what they're trying to do - and while $400 is steep, I think we all know there's plenty of people who want to try to be at the forefront of [whatever] where $400 for a business is a pretty low expense compared to rent, insurance, payroll, etc. I know I could easily convince my boss to get one.

The mining aspect, though? Even with all the reasons given by people who seem like they're trying to position themselves as 21, Inc. mouthpieces (I'll await the Reddit AMA / verified social media outlets for some official statements) I don't think it makes any sense, certainly not in the form it's in. Not now, not next year (hello halving), and not a few years down the road. If the issue really were about trying to get a few satoshi into people's hands to start things off with, begging for some on reddit, posting a silly picture with a QR code, hitting a faucet or partaking in a sig campaign (ew) would do the job without adding an expensive component that requires active cooling and bulks the device up (I guess VC money aplenty for warehousing and shipping) unnecessarily.

bitsolutions

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Quote from: Guy Corem on September 22, 2015, 01:46:27 PM

Isn't Raspberry PI 2 + Sidehack's 1384 dongle is essentially the same for quarter of the price ?

I think the U3 would be about the cheapest in terms of $/GH but Sidehack's is more efficient.

notlist3d

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Quote from: dimke_yu on September 22, 2015, 01:59:35 PM

I think that you are correct... I am waiting for Antminer R1 that will be useful device unlike this overpriced piece of hardware...

I think R1 will be overpriced aswell. Not to this point of almost crazy. I almost think 21 want's a release without having to make many products.... so release high price and only sell a few.

With R1 it is still nothing revolutionary. It should not be much higher then the usb micro tplink and one of sidehacks sticks. But we will see they could surprise me and release at good price.

HyperMega

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Quote from: alh on September 22, 2015, 01:43:02 PM

Quote from: HyperMega on September 22, 2015, 01:32:49 PM

.......

You have got to stop thinking about conventional economics here. The IoT bandwagon is impervious to conventional economic considerations. After all, folks are going to just be so happy to pay an extra $25 for their light bulb, it doesn't matter if the ASIC price is a little high. The fact that it's going to be part of the IoT relieves it from those pesky metrics.

If it's connected to the Internet, it MUST be great!!!

I was not thinking about conventional economics with repect to this tiny "bitcoin computer", I don't have enough fantasy therefor. Wink

I was just thinking about if one could build a competitive real miner based on the 21 inc chip. And I guess the one would have a Capex issue compared to e.g. miners based on BM1385 chips.

dimke_yu

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I think that you are correct... I am waiting for Antminer R1 that will be useful device unlike this overpriced piece of hardware...

Topic: 21 co introducing bitcoin [mining+] computer for $399.99 (unofficial thread) - page 2. (Read 5192 times)