i still don't like that they retain the 75%, it have been fairer if it was 50% for them and 50% for us, i hope that at least those new appliances come with a cheaper price...
thinking about this, it could increase the purchase of those appliances(when they will be ready of course) if this news will spread enough
it would go go with 4k monitors, demand would rise more for sure
Topic: Decentralization of mining is returning ... thoughts on 21 inc secret plans? - page 3. (Read 3707 times)
May 09, 2015, 01:52:24 AM
May 08, 2015, 09:49:25 PM
A great opportunity for appliance makers, now that HDTV's are all sold, time for lots of appliances with one year lifespans.
My C1s are heating water to around seventy degrees. I'd love to send that water to warm my kitchen or bathroom floor in winter or to a preheating tank for my water heater year-round.
My C1s are heating water to around seventy degrees. I'd love to send that water to warm my kitchen or bathroom floor in winter or to a preheating tank for my water heater year-round.
May 08, 2015, 07:13:36 PM
The electricity meter is a much better candidate than any of these.
theoretically, maybe, but electricity meter that is using 0.5-1kw?
It would depend on what they design but electric meter would allow lot's of electricity possibly. I don't see it ever happening though.
I know my meter is a "smart" meter personally I miss the old metal spinner watching it whip around if i was using a lot of power. For me watching a "-" fly across screen is not near as exciting.
May 08, 2015, 04:11:34 PM
The electricity meter is a much better candidate than any of these.
theoretically, maybe, but electricity meter that is using 0.5-1kw?
Where do those numbers come from ?
How about 10 watts times 250 million households == 2500 megawatts of hashing power on a 14-16 nm device node, and
as infrastructure gets built out in the developing world, many many times more than this.
So, if KNC's chip design partner Alchip is getting .07w/ghs from 16nm 3dFinFet technology:
http://ww3.sinaimg.cn/large/7c2c00e3jw1ervfedx421j20t412ttbd.jpg
I'm sure Qualcom can do better, lets say .05w/ghs. So, ten watts would be 200ghs per meter and 250 million electricity meters would be get you, umm … 50 ehs (exa-hashes/second). That is approximately 150 times the total hashpower of the existing network. Think about what it would do to difficulty and the effect it would have on existing mining businesses like KNC
and who gets power cheaper than the electrical utility companies ?
0.5-1kw is just a power range that I would have an interest in. 10w-frankly, i wouldn't care for myself.
cable box-33-55w
router 2-20W
electrical space heater 600w
refrigerator 57-160 w average
for numbers see http://michaelbluejay.com/electricity/howmuch.html
on the right side of the page
Q: I wonder if 21 box can be positioned between a powerbox and appliances and once some major appliance kicks in (like dryer or A/c), the 21 box becomes active and draws the power as well. This way although more power will be used, it will be used at the same time as other appliances draw electricity. Alternatively, the box might get active only during the night when there is less consumption by A/C, oven, dryer and washing machine plus perhaps lower rates.
May 08, 2015, 03:17:38 PM
The electricity meter is a much better candidate than any of these.
theoretically, maybe, but electricity meter that is using 0.5-1kw?
Where do those numbers come from ?
How about 10 watts times 250 million households == 2500 megawatts of hashing power on a 14-16 nm device node, and
as infrastructure gets built out in the developing world, many many times more than this.
So, if KNC's chip design partner Alchip is getting .07w/ghs from 16nm 3d finfet technology:
http://ww3.sinaimg.cn/large/7c2c00e3jw1ervfedx421j20t412ttbd.jpg
I'm sure Qualcom can do better, lets say .05w/ghs. So, ten watts would be 200ghs per meter and 250 million electricity meters would be get you, umm … 50 ehs (exa-hashes/second). That is approximately 150 times the total hashpower of the existing network. Think about what it would do to difficulty and the effect it would have on existing mining businesses like KNC
Who gets power cheaper than the electrical utility companies ?
May 08, 2015, 01:18:06 PM
The electricity meter is a much better candidate than any of these.
theoretically, maybe, but electricity meter that is using 0.5-1kw?
May 08, 2015, 10:18:11 AM
The electricity meter is a much better candidate than any of these.
May 08, 2015, 09:37:10 AM
i think the main candidates for double use devices are:
1. electrical heaters (as philip had posted) with a limitation of seasonality
2. routers
3. cable boxes
4. TV streaming devices (such as Roku or Apple TV)
most people I know don't unplug their TV cable boxes even when they are not in use and obviously use some electricity.
same for routers, so clear choices for a dual use hashing device will be routers and cable/TV streaming boxes.
This way (routers and cable boxes) 21 would really only need to make deals with large cable companies (comcast, TW, cablevision), and not even bother with individuals.
They could kick 25% to consumers, 15-20% to large distributors and keep 55-60% to themselves.
1. electrical heaters (as philip had posted) with a limitation of seasonality
2. routers
3. cable boxes
4. TV streaming devices (such as Roku or Apple TV)
most people I know don't unplug their TV cable boxes even when they are not in use and obviously use some electricity.
same for routers, so clear choices for a dual use hashing device will be routers and cable/TV streaming boxes.
This way (routers and cable boxes) 21 would really only need to make deals with large cable companies (comcast, TW, cablevision), and not even bother with individuals.
They could kick 25% to consumers, 15-20% to large distributors and keep 55-60% to themselves.
May 08, 2015, 06:54:12 AM
As I said here, this has a huge chance to actually bring even more centralization.
Do you really think that your toaster will have an ASIC powerful enough to ever find a block?
Do you really think that your toaster will have an ASIC powerful enough to ever find a block?
I think it could make for a few big pools which may be a problem ,but a toaster is not the item to do it with.
People in the USA have electric hot water heaters .
People in the USA have electric baseboard radiator heat.
People all over the world use spot electric oil radiators another no brainer.
Indeed, there are many ways that mining in household appliances is not that much energy stealing.
Indeed, the toaster is a rather poor example.
But the problem is that the only real way that these .. miners earn something is to mine in pools. And that's the best way 21 will also get its share.
Just then you can say bye-bye to decentralization.
May 07, 2015, 02:09:14 PM
As I said here, this has a huge chance to actually bring even more centralization.
Do you really think that your toaster will have an ASIC powerful enough to ever find a block?
Do you really think that your toaster will have an ASIC powerful enough to ever find a block?
I think it could make for a few big pools which may be a problem ,but a toaster is not the item to do it with.
People in the USA have electric hot water heaters .
A complete no brainer since the power is already being spent all year round.
People in the USA have electric baseboard radiator heat.
Once again a no brainer. Since the power is being spent.
People all over the world use spot electric oil radiators another no brainer.
May 07, 2015, 01:43:20 PM
As I said here, this has a huge chance to actually bring even more centralization.
Do you really think that your toaster will have an ASIC powerful enough to ever find a block?
Do you really think that your toaster will have an ASIC powerful enough to ever find a block?
May 07, 2015, 01:40:07 PM
Personally I don't think it will happen large scale. I think a dedicated miner is better then these "secret" miners.
Just most likely will not happen on integrating into regular items.
Just most likely will not happen on integrating into regular items.
May 07, 2015, 12:24:12 PM
The electricity meter has to be the most ubiquitous powered gadget in the world with a network interface.
May 07, 2015, 08:43:13 AM
My two cents: These guesses are wrong. They're not spending $100 million dollars to turn your toaster into a money losing miner. It doesn't make sense.
Now, are they creating an "internet of things" capable toaster? That would make more sense. But that isn't a miner. That's a toaster that communicates with the bitcoin block chain.
Now, are they creating an "internet of things" capable toaster? That would make more sense. But that isn't a miner. That's a toaster that communicates with the bitcoin block chain.
Cannot it be both? A IoT toaster needs to communicate with a network anyways.
In all honesty I think the toaster idea is a nonstarter(ASICs degassing and other problems ) and while the overview of 21 Inc plans is correct the products they mention are meant to mask or hide their yet to be revealed products which could be viable.
May 07, 2015, 08:22:51 AM
My two cents: These guesses are wrong. They're not spending $100 million dollars to turn your toaster into a money losing miner. It doesn't make sense.
Now, are they creating an "internet of things" capable toaster? That would make more sense. But that isn't a miner. That's a toaster that communicates with the bitcoin block chain.
Now, are they creating an "internet of things" capable toaster? That would make more sense. But that isn't a miner. That's a toaster that communicates with the bitcoin block chain.
May 07, 2015, 08:06:40 AM
How does everyone feel about free ASIC coffee makers and toasters that share some of the mining profits with the users?
http://www.theregister.co.uk/2015/05/06/bubblicious_bitcoin_bonkers_business_bods/
http://ftalphaville.ft.com/2015/04/30/2127543/meet-the-company-that-wants-to-put-a-bitcoin-miner-in-your-toaster/
What are the implications besides decentralizing mining more?
http://www.theregister.co.uk/2015/05/06/bubblicious_bitcoin_bonkers_business_bods/
http://ftalphaville.ft.com/2015/04/30/2127543/meet-the-company-that-wants-to-put-a-bitcoin-miner-in-your-toaster/
What are the implications besides decentralizing mining more?
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