Topic: 21 Inc Confirms Plans for Mass Bitcoin Miner Distribution - page 2. (Read 2120 times)

Nahh I think the picture is much larger then that.

And they will ultimately pass the cost on to?

No one is in a business to lose money, is what I am saying.  Mining isn't profitable unless you have free electricity, so the end user will end up paying extra fro electrical devices so that the defend the blockchain, something I don't see many people wanting to do.

It wont cost the end user money.. Its gonna cost the cell phone manufactures, electronics manufactures ect.

But who spends money to defend the network, people mine for profit, not out of the goodness of their hearts.

The same goes for the investors, why would they invest in a loss making company, they must be planning to sell small ASICs at a profit to people who want to defend the blockchain.. I guess tha could work, but as I never bought an actual miner, I doubt I will get one installed in my toaster.

again from some of the FUD by the press speculating on this  ( i did not pay much attention did not see this coming) circle 21 would get a piece of the pie on each chip
I think I read if they gave the device away they would get 75% and the consumer would get 25% or some such impractical as this seems now and may have been press fud


but this link


http://www.coindesk.com/21-inc-confirms-plans-bitcoin-distribution/



quote

Chief among these would be the existing operators of large-scale data centers who Srinivasan said could benefit from integration of BitShare chips into their operations. 21 Inc had previously been involved in talks with companies including Advanced Micro Devices (AMD), Comcast and Intel to embed the chips.

"This means any vendor can take a chip performing a normal function (say video decoding or networking), add 21’s BitShare technology and thereby enable the chip to continuously generate revenue simply by being connected to power and Internet," Srinivasan said.


unquote

the line in the 2nd part stating that chip performing a normal function...ie you tailor the bitcoin stuff on said chip to ONLY mildly effect the chip operation ie cpu mining type of thing
so miniscule a CURRENT cell phone or whatever could use such w/o more use of any note in electric or heat etc

man that would take a lot i mean a lot of incorporation ...even if you drank the kool aid and believe in the "internet of everything" how the frack would you get enough incorporation at this price level to make this even begin to be worthwhile as a jump start is beyond me

i suppose again if you drank the kool aid and see 1k to 10k btc on the horizon in say the next 5 years with those kinda prices it may make sense

but again the above just caught my eye on how it was worded..but again it is beyond me how you would lever this up in a realistic manner of use at the current btc prices and/or state of the industry...the 'privacy concerns" alone would be ...well confusing....this may never really get off the ground imho

anyway no idea ....just putting it out there

its not about mining to make a profit, its about mining to secure the network..

Dont you read?

I doubt they will success, the hashrate is not stable, and it's always increasing, i doubt those chips can even make any profit after the hashrate rising too much. After all the hashrate of those chips can't change.

Its really cool news. It can shake up the mining game.

I wonder what the diff would be like if every cellphone on the planet had one of those chips.

Crazy just to think about it

21 Inc released new details today confirming that its market strategy will focus on distributing bitcoin mining chips embedded in consumer and enterprise hardware devices.

The formal announcement comes soon after a CoinDesk report that first revealed the startup's ambitions to use such products to promote the use of bitcoin for micropayments and as a means of mass consumer onboarding to the bitcoin network. When compared to a company overview created last fall, the latest release illustrates how the secretive San Francisco-based startup has since evolved its strategy even if its core mission remains largely unchanged.

SOURCE: http://www.coindesk.com/21-inc-confirms-plans-bitcoin-distribution/