BITMAIN AntRouter R1: 1st wireless networking device with bitcoin mining chip - page 37.

Min€r

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Quote from: Mikestang on October 02, 2015, 01:11:40 PM

Quote from: ?? on ??

Well it increases the hashrate of the network and makes it just a bit more secure

Quote from: Min€r on October 02, 2015, 12:20:32 PM

but I find it a funny idea and it helps securing the network...

No, this thing absolutely does NOT "increase the hashrate of the network" by any measurable amount, nor does it do anything to "secure" the network. Are you guy just repeating buzz words or what?

Maybe look at the time of comments... we just used same words at same moment.

spazzdla

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Quote from: Mikestang on October 02, 2015, 01:11:40 PM

Quote from: ?? on ??

Well it increases the hashrate of the network and makes it just a bit more secure

Quote from: Min€r on October 02, 2015, 12:20:32 PM

but I find it a funny idea and it helps securing the network...

No, this thing absolutely does NOT "increase the hashrate of the network" by any measurable amount, nor does it do anything to "secure" the network. Are you guy just repeating buzz words or what?

This is like the agrument that "one vote doesn't count so why vote"..

Sure 1 repeater is next to nothing, 100 000 repeaters though...

HOWEVER, due to the fact it's tied to ant pool the extra security to the network depends on bitmain not wanting to launch a 51% attack... I cannot see why they would do that.

Mikestang

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Quote from: ?? on ??

Well it increases the hashrate of the network and makes it just a bit more secure

Quote from: Min€r on October 02, 2015, 12:20:32 PM

but I find it a funny idea and it helps securing the network...

No, this thing absolutely does NOT "increase the hashrate of the network" by any measurable amount, nor does it do anything to "secure" the network. Are you guy just repeating buzz words or what?

spazzdla

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I figured any outlet adaptor would work, why wouldn't it?

Biodom

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Quote from: spazzdla on October 02, 2015, 12:20:19 PM

Quote from: Biodom on October 02, 2015, 12:07:40 PM

Quote from: spazzdla on October 02, 2015, 11:52:01 AM

IT only draws 24 watts...

I don't get it this thing SMASHES any repeater on the market as it costs the same.. draws the same BUT MINES for you..

1. consider shipping costs-negative or get from a group-better
2. it does NOT mine-it gives you a chance in a lottery, which with your miner being ~1/100000000 of the network, would work out for 1 block in ~200 years at the current difficulty. However, it also means that for every 2000 sold and being deployed 24/7, one will score a block within a ~year on average (with current difficulty), but the other 1999 will produce NOTHING. I did a rough estimate-numbers could be off, but it is what i got.

#2.. that IS MINING........................... Mining with a CPU back in the day was like this... It 100% mines.

It costs $16 to ship it with out the convertor.

It does everything a repeater does but mines as well.. I need to repeate the wireless signal in my room.. haven't bought one yet, why would I buy anything but this..?

Other device, repeats interenet signal, costs $40cad, draws 24ish watts..

THis device, repeates interenet signal, costs $40 cad, draws 24 watts, SOLO mines bitcoins. I don't even want it on a pool.. that is what my S3's are for lol.

i am not saying that you should not buy it, i am saying that you can disregard the "mining" function of it.
I would have preferred $3/year truly "mined" instead of a 1/2000 chance each year, but to each their own.
second, I don't see a separate cord with a plug, so i assume that ~~plug IS needed (device will not work without it).~~
Edit: probably not as there is a pull away plug-see pictures from cybtc below.

Min€r

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Quote from: Biodom on October 02, 2015, 12:07:40 PM

Quote from: spazzdla on October 02, 2015, 11:52:01 AM

IT only draws 24 watts...

I don't get it this thing SMASHES any repeater on the market as it costs the same.. draws the same BUT MINES for you..

1. consider shipping costs-negative or get from a group-better
2. it does NOT mine-it gives you a chance in a lottery, which with your miner being ~1/100000000 of the network, would work out for 1 block in ~200 years at the current difficulty. However, it also means that for every 2000 sold and being deployed 24/7, one will score a block within a ~year on average (with current difficulty), but the other 1999 will produce NOTHING. I did a rough estimate-numbers could be off, but it is what i got.

Of course you are right but I find it a funny idea and it helps securing the network... I think too people will fork the firmware and include cgminer. Maybe simply just change the pool config & you have a nice altcoinminer.

spazzdla

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Quote from: Biodom on October 02, 2015, 12:07:40 PM

Quote from: spazzdla on October 02, 2015, 11:52:01 AM

IT only draws 24 watts...

I don't get it this thing SMASHES any repeater on the market as it costs the same.. draws the same BUT MINES for you..

1. consider shipping costs-negative or get from a group-better
2. it does NOT mine-it gives you a chance in a lottery, which with your miner being ~1/100000000 of the network, would work out for 1 block in ~200 years at the current difficulty. However, it also means that for every 2000 sold and being deployed 24/7, one will score a block within a ~year on average (with current difficulty), but the other 1999 will produce NOTHING. I did a rough estimate-numbers could be off, but it is what i got.

#2.. that IS MINING........................... Mining with a CPU back in the day was like this... It 100% mines.

It costs $16 to ship it with out the convertor.

It does everything a repeater does but mines as well.. I need to repeate the wireless signal in my room.. haven't bought one yet, why would I buy anything but this..?

Other device, repeats interenet signal, costs $40cad, draws 24ish watts..

THis device, repeates interenet signal, costs $40 cad, draws 24 watts, SOLO mines bitcoins. I don't even want it on a pool.. that is what my S3's are for lol.

Biodom

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Quote from: spazzdla on October 02, 2015, 11:52:01 AM

IT only draws 24 watts...

I don't get it this thing SMASHES any repeater on the market as it costs the same.. draws the same BUT MINES for you..

1. consider shipping costs-negative or get from a group-better
2. it does NOT mine-it gives you a chance in a lottery, which with your miner being ~1/100000000 of the network, would work out for 1 block in ~200 years at the current difficulty. However, it also means that for every 2000 sold and being deployed 24/7, one will score a block within a ~year on average (with current difficulty), but the other 1999 will produce NOTHING. I did a rough estimate-numbers could be off, but it is what i got.

spazzdla

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IT only draws 24 watts...

I don't get it this thing SMASHES any repeater on the market as it costs the same.. draws the same BUT MINES for you..

klintay

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Value will be measured in sats

Quote from: alh on October 01, 2015, 12:30:49 PM

Quote from: klintay on October 01, 2015, 07:10:42 AM

Quote from: QuintLeo on October 01, 2015, 04:39:13 AM

I just thought of something.

Is this Bitmain's response to the BitFury "Mining Light Bulb"?

Makes a LOT more sense in that sort of ... model ....

yes I think so...hail the dawn of mining chips in every home device for a 1/6 million* chance to get lucky...hell it probably beats buying a lotto ticket and it is a one-off purchase...least the mofos at bitmain are still innovating...

*odds may not be accurate and were pulled out of my ass. klintay reserves right to change odds at will and is not held accountable for shady ass impulse buying sprees made while you were sort of drunk the other night. also time spent reading this is non-refundable. suck it.

One small quibble: You continue to "buy" a lottery ticket by paying the electric bill, which will be a bit higher as a result of the mining ASIC inside. Probably won't matter to most, but it's still there. Unplug it, and your lottery participation ends.

will be interesting to see what the real power cost per day to run one these is compared to a normal router Wink

Quote from: Mikestang on October 01, 2015, 05:34:27 PM

So you have "thing A" that does the exact same thing as "thing B", except "thing A" costs more to purchase, and costs more to operate (because of the ASIC), and both "things" have basically the same chance of solving a solo block (0 for "thing B", essentially 0 for "thing A" and getting closer to 0 with every + diff adjustment)?

I am failing to see where I overreached here. You probably thought the bitfury lightbulb had merit, too.

lets face it you're right...using this extra chip and power consumption to mine btc is probably a massive waste...but does anyone have a better idea of what it could be doing with that processing power...

notlist3d

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Quote from: klondike_bar on October 01, 2015, 07:59:39 PM

Quote from: Mikestang on October 01, 2015, 05:34:27 PM

Quote from: ?? on ??

Quote from: Mikestang on October 01, 2015, 01:54:01 PM

I certainly hope so, otherwise this thing is totally useless and a gimmick.

And knowing Bitmain their fork of cgminer on the R1 will have crap messed up in it and it won't be efficient as it could be and Kano will have to write an updated R1 version...

Totally useless? I think that is quite the overreach, if it can give ethernet only devices (Many miners) connection to a wifi signal, power a phone or pi and mine I think is worth the extra 10$ over a tplink that I use just to connect a miner to wifi.

So you have "thing A" that does the exact same thing as "thing B", except "thing A" costs more to purchase, and costs more to operate (because of the ASIC), and both "things" have basically the same chance of solving a solo block (0 for "thing B", essentially 0 for "thing A" and getting closer to 0 with every + diff adjustment)?

I am failing to see where I overreached here. You probably thought the bitfury lightbulb had merit, too.

its a novelty, but its ideal for a future where someone who doesnt know how to easily buy bitcoin can have a small wifi router that gives them small lottery odds.
personally, i want it to be pool-customizable. The above scenario works way better when the user can instead make a few cents a day for use in online tipping or micropayments

but mostly, its a novelty thing. It pairs perfectly with the U3 as a cute "look im mining bitcoins!" doohicky and otherwise would look nice added to the stack of old/collectible antminer hardware

Lets be honest it is a novelty no doubt. It is not useless but it by far will not ROI for pretty much everyone. The argument on it being worth 10 more then tplink nano..... i don't know Avalon has used the tplink nano (the one with the usb not the one lacking usb) as a good controller running ddwrt and cgminer.

Also don't forget you can get tplink off amazon with prime free shipping or not it's cheap. Bitmain did not give a cheap shipping option on a lotto device they should have a slow shipping option. But they did not make us buy a pack of 10 or something so that is a change from U3 sales which is good. But I will buy one as it's fun to play with.

I still think we can count on the community for a firmware that will unlock some features on the R1.

klondike_bar

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ASIC Wannabe

Quote from: Mikestang on October 01, 2015, 05:34:27 PM

Quote from: ?? on ??

Quote from: Mikestang on October 01, 2015, 01:54:01 PM

I certainly hope so, otherwise this thing is totally useless and a gimmick.

And knowing Bitmain their fork of cgminer on the R1 will have crap messed up in it and it won't be efficient as it could be and Kano will have to write an updated R1 version...

Totally useless? I think that is quite the overreach, if it can give ethernet only devices (Many miners) connection to a wifi signal, power a phone or pi and mine I think is worth the extra 10$ over a tplink that I use just to connect a miner to wifi.

So you have "thing A" that does the exact same thing as "thing B", except "thing A" costs more to purchase, and costs more to operate (because of the ASIC), and both "things" have basically the same chance of solving a solo block (0 for "thing B", essentially 0 for "thing A" and getting closer to 0 with every + diff adjustment)?

I am failing to see where I overreached here. You probably thought the bitfury lightbulb had merit, too.

its a novelty, but its ideal for a future where someone who doesnt know how to easily buy bitcoin can have a small wifi router that gives them small lottery odds.
personally, i want it to be pool-customizable. The above scenario works way better when the user can instead make a few cents a day for use in online tipping or micropayments

but mostly, its a novelty thing. It pairs perfectly with the U3 as a cute "look im mining bitcoins!" doohicky and otherwise would look nice added to the stack of old/collectible antminer hardware

Mikestang

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Quote from: ?? on ??

Quote from: Mikestang on October 01, 2015, 01:54:01 PM

I certainly hope so, otherwise this thing is totally useless and a gimmick.

And knowing Bitmain their fork of cgminer on the R1 will have crap messed up in it and it won't be efficient as it could be and Kano will have to write an updated R1 version...

Totally useless? I think that is quite the overreach, if it can give ethernet only devices (Many miners) connection to a wifi signal, power a phone or pi and mine I think is worth the extra 10$ over a tplink that I use just to connect a miner to wifi.

So you have "thing A" that does the exact same thing as "thing B", except "thing A" costs more to purchase, and costs more to operate (because of the ASIC), and both "things" have basically the same chance of solving a solo block (0 for "thing B", essentially 0 for "thing A" and getting closer to 0 with every + diff adjustment)?

I am failing to see where I overreached here. You probably thought the bitfury lightbulb had merit, too.

aarons6

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Quote from: ?? on ??

If the shipping was more reasonable it would be only an extra $10; with the current shipping cost it is more like an extra $25.

shipping is alot cheaper if you dont get that 1$ adapter..

if you need it get it from dx or aliexpress with free shipping.

Mikestang

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Quote from: notlist3d on October 01, 2015, 01:32:20 PM

Even if it is yes I expect to see a custom firmware at somepoint. They have never locked down firmware on any miner so far so I highly doubt a 30 dollar router they take the time to lock it down.

So assuming someone does modify the firmware the sky is kinda the limit.

I certainly hope so, otherwise this thing is totally useless and a gimmick.

And knowing Bitmain their fork of cgminer on the R1 will have crap messed up in it and it won't be efficient as it could be and Kano will have to write an updated R1 version...

notlist3d

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Quote from: alh on October 01, 2015, 01:20:18 PM

Quote from: mm5aes on October 01, 2015, 12:57:40 PM

Won't the U3's be solo mining on the pool as well tho'?

I expect the short answer is: Yes.

Even if it is yes I expect to see a custom firmware at somepoint. They have never locked down firmware on any miner so far so I highly doubt a 30 dollar router they take the time to lock it down.

So assuming someone does modify the firmware the sky is kinda the limit.

RichBC

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Quote from: ?? on ??

How do you know that?

It is much more plausible that they will just be added as an additional device to the cgminer instance running the internal chip; and also be directed to Antpool.

OK I appreciate that there is an element of guesswork here, but being forced to mine solo with the R1 is one thing, but then "choosing" to be forced on a Miner that could mine anywhere you want is sooooo unacceptable that even Bitmain would not do that.

All of which brings out one of the biggest problems with the R1 at the moment that we are all just guessing what the complete spec is and I and I suspect others are just buying out of curiosity to get to the bottom of what it actually does.

Rich

alh

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Quote from: mm5aes on October 01, 2015, 12:57:40 PM

Won't the U3's be solo mining on the pool as well tho'?

I expect the short answer is: Yes.

RichBC

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They are only being managed by the R1, they will mine on whatever pool they are set up on.

Rich

mm5aes

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Won't the U3's be solo mining on the pool as well tho'?

Topic: BITMAIN AntRouter R1: 1st wireless networking device with bitcoin mining chip - page 37. (Read 77755 times)