Bitfence has updated on twitter about their device. Bitfence introduces "proof-of-threat" mining. Electricity costs to run for a whole year is $14.
https://twitter.com/BitFence_/status/1008931766340644864?s=19
https://twitter.com/BitFence_/status/1008931766340644864?s=19
thanks for sharing, again twitter doesn't show me all new Tweets.
That is really interesting, 14$ a year is nearly nothing. i like that
and there is a picture of the stingminer, in near future i have my own at home:-)
That is pretty awesome! Some miners cost thousands of dollars to run. To see Bitfence offering a far cheaper and more unique way of 'mining' tokens should help the team be very successful with it's sales.
Would have been a huge breakthrough if other coin could be mined on this platform or using this method. It really would have help save on electricity bills pay and powered consumed.
Yeah, perhaps maybe bitfence will consider this in the near future. I'm excited about the StingMiner and to think one will pay $14 yearly is amazing.
I don't know if that will be possible especially for rain being that most of the top Cryptocurrencies run on their own chain. We'll am just talking base on the limit of my knowledge though. Someone who knows better may say otherwise
I don't think that is possible. I don't know why bitfence mining is cheap maybe, it's because of some partnership or because the sting miner is a small device that won't consume too much energy and can work on low power. But mining other currencies will surely take up energy and computer resources.
The Stingminer is a RaspberryPi that does not need a lot of energy. That's why the annual costs are so low. Now the only question is, how much will a Stingminer cost?
