I think the risk of "flooding the market" with Bitcoin mining lights bulbs is approximately zero. I just recently received an advertisement from Home Depot (a nationwide USA home improvement center). They have Phillips 60W equivalent light bulbs (i.e. 800 lumens) in a package of 2 for $4.97!
I think Bitfury will be hard pressed to get close to that price. This of course assumes that the reason people buy light bulbs is to light up dark areas (like I do), and not to do Bitcoin mining in a novel form factor.
I think what was shown is an amazing stunt, and quite novel. It's just not a viable product as a Bitcoin miner.
Topic: Bitfury - Mining Lighbulb - page 9. (Read 15387 times)
No.
1) It won't happened
1) It won't happened
Yes.
Still, I don't want one.
Why can't a GENERIC light bulb mine to p2pools and a split in the revenue could be arranged right?
So many potential models here we don't have to follow a BitFury version.
So it could happen.
It could work to decentralize mining.
No fabricator would want to lose control over their current share of hashpower.
No fabricator would want to have completely decentralized units like the light bulb flood the market and cut the possibility for them to have a reasonable share of the hash rate.
How hard would it be to go generic?
I would want the function to select my own pool. I would think they would be able to do that as Im guessing it has a raspberry pi or something such as that running to control it.
I still would buy one if decently priced for fun. I think would be a cool item.
No.
1) It won't happened
1) It won't happened
Yes.
Still, I don't want one.
Why can't a GENERIC light bulb mine to p2pools and a split in the revenue could be arranged right?
So many potential models here we don't have to follow a BitFury version.
So it could happen.
It could work to decentralize mining.
No fabricator would want to lose control over their current share of hashpower.
No fabricator would want to have completely decentralized units like the light bulb flood the market and cut the possibility for them to have a reasonable share of the hash rate.
How hard would it be to go generic?
No.
1) It won't happened
1) It won't happened
Yes.
Still, I don't want one.
hmmm ..... would make for a nice distributed transaction confirmation infrastructure .... talk about suporting the network! Still, I don't want one.
No.1) It won't happened
2) If it will happen (it won't...), it won't amount to substantial hash-rate
3) If it will happen (it won't...) and it will amount to substantial hash-rate (it won't...) all the hash-rate will be directed to 21 pool. It's not solo mining.
Because it's a stupid idea.
Why is it a stupid idea ?
1) You'll get sub transaction fees dust
2) Certification nightmare
3) CE is very price sensitive. I don't see the incentive for a manufacturer to integrate mining ASIC
4) No incentive for the customer to buy or use such a device. If you want Bitcoin dust, go to a faucet
5) You're forced to design small ASIC (not necessarily a bad thing, but still, it might not be the best cost effective ASIC and package design)
btw, BitShare / BitSplit isn't a new technology. It was done back in the FPGA era.
I believe that the only home mining we'll see in the future will be in specialised heaters, like what BitFury experimented with back in the winter of 2013/2014 in Russia, before they started to fail on producing ASICs and concentrate on pre IPO publicity stunts like the bulb.
It's 25 TH/s (about 10K BitFury rev1 chips):
http://imgur.com/b9qlyw9.jpg
hmmm ..... would make for a nice distributed transaction confirmation infrastructure .... talk about suporting the network! Still, I don't want one.
Really, a jillion baby miners each with its jillion microtransactions is going to seriously clutter the network
huh ? what jillion transactions ?
Probably for a lot of the same reasons discussed in the 21 Inc spec thread (https://bitcointalksearch.org/topic/a-bitcoin-miner-in-every-hand-1065077).
I'm generally opposed to IoT, and bitcoin-mining (or, more likely, spamming) IoT devices in particular. One of the biggest spambots from the last few years was a refrigerator - I really wish that was fiction, and it's only going to get worse. If you have a device which needs to produce heat, sure tuck some chips in it and run it when you need heat. But don't just tuck chips in everywhere. There's no way to make half-mining devices as power-efficient as dedicated miners, and if the device is just going to use its satoshis for its own things, why even bother letting it mine when you can just buy it a partial coin once a year for $10 and call it good? Saves having a thousand microdisbursements dusting up the blockchain. Really, a jillion baby miners each with its jillion microtransactions is going to seriously clutter the network, and cost more than just having a central miner in the house doing the work that all the little baby devices intend do to (but are much worse at it).
I'm generally opposed to IoT, and bitcoin-mining (or, more likely, spamming) IoT devices in particular. One of the biggest spambots from the last few years was a refrigerator - I really wish that was fiction, and it's only going to get worse. If you have a device which needs to produce heat, sure tuck some chips in it and run it when you need heat. But don't just tuck chips in everywhere. There's no way to make half-mining devices as power-efficient as dedicated miners, and if the device is just going to use its satoshis for its own things, why even bother letting it mine when you can just buy it a partial coin once a year for $10 and call it good? Saves having a thousand microdisbursements dusting up the blockchain. Really, a jillion baby miners each with its jillion microtransactions is going to seriously clutter the network, and cost more than just having a central miner in the house doing the work that all the little baby devices intend do to (but are much worse at it).
Because it's a stupid idea.
Why is it a stupid idea ?
This is generally what I though about the 21 Inc announcements. They seemed best suited as a presentation for Venture Capital firms, and not geared at all towards potential customers.
I can understand why a "newcomer" to the Bitcoin mining space would want to attract investors, but I didn't seem that a firm already established (e.g. BitFury, Bitmain, yourself) in the Bitcoin mining space would care. That's part of why I am interested.
Thanks for sharing what you can.
21 Inc (previously 21e6) are not newcomers. We were incorporated more or less in the same time.I can understand why a "newcomer" to the Bitcoin mining space would want to attract investors, but I didn't seem that a firm already established (e.g. BitFury, Bitmain, yourself) in the Bitcoin mining space would care. That's part of why I am interested.
Thanks for sharing what you can.
https://bitcointalksearch.org/topic/m.3594454
OK, so then why aren't you guys going down the same path? ...
https://twitter.com/bramcohen/status/601159325973946368
This is generally what I though about the 21 Inc announcements. They seemed best suited as a presentation for Venture Capital firms, and not geared at all towards potential customers.
I can understand why a "newcomer" to the Bitcoin mining space would want to attract investors, but I didn't seem that a firm already established (e.g. BitFury, Bitmain, yourself) in the Bitcoin mining space would care. That's part of why I am interested.
Thanks for sharing what you can.
21 Inc (previously 21e6) are not newcomers. We were incorporated more or less in the same time.I can understand why a "newcomer" to the Bitcoin mining space would want to attract investors, but I didn't seem that a firm already established (e.g. BitFury, Bitmain, yourself) in the Bitcoin mining space would care. That's part of why I am interested.
Thanks for sharing what you can.
https://bitcointalksearch.org/topic/m.3594454
OK, so then why aren't you guys going down the same path? Are the Venture Capital guys in Israel smarter than the VC guys in California?
Yes, it's a flippant question and I ask only because in the 21 Inc "thread" the pedigree of the investors seems to shine brightly.
Thanks Guy! 
You're welcome. I wouldn't seriously wait for "IOT miners". It's a vaporware story, good only for attracting investors.This is generally what I though about the 21 Inc announcements. They seemed best suited as a presentation for Venture Capital firms, and not geared at all towards potential customers.
I can understand why a "newcomer" to the Bitcoin mining space would want to attract investors, but I didn't seem that a firm already established (e.g. BitFury, Bitmain, yourself) in the Bitcoin mining space would care. That's part of why I am interested.
Thanks for sharing what you can.
https://bitcointalksearch.org/topic/m.3594454
Thanks Guy!
You're welcome. I wouldn't seriously wait for "IOT miners". It's a vaporware story, good only for attracting investors.This is generally what I though about the 21 Inc announcements. They seemed best suited as a presentation for Venture Capital firms, and not geared at all towards potential customers.
I can understand why a "newcomer" to the Bitcoin mining space would want to attract investors, but I didn't seem that a firm already established (e.g. BitFury, Bitmain, yourself) in the Bitcoin mining space would care. That's part of why I am interested.
Thanks for sharing what you can.
Thanks Guy!
You're welcome. I wouldn't seriously wait for "IOT miners". It's a vaporware story, good only for attracting investors. 
Thanks Guy!
You guys realize this is a joke right? Bitfury is obviously taking a stab at 21 inc and their absurd "miner in everything connected to a wall outlet" plan.
Unfortunately, it's not a joke.Well, it is, but it's not about 21
Can you folks elaborate on this? I understand the general "Internet of Things" mining premise, and don't think it really has legs. Nevertheless, I am curious.
What do you actually know?
However, BitFury did discuss their CE mining plans back in January publicly.
Watch here starting around 33:00
Guy
No what?? 
You will not do this? I guess you focus on big company.
That ok and I respect that but I will also be happy to get some home miner or IOT miner.
You will not do this? I guess you focus on big company. That ok and I respect that but I will also be happy to get some home miner or IOT miner.
Why would that be a joke? Every company in my opinion will start to do things like that.
Bitcoin chips in all device!
No. Bitcoin chips in all device!
Why would that be a joke? Every company in my opinion will start to do things like that.
Bitcoin chips in all device!
Bitcoin chips in all device!
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