It Takes 14 Million Android Phones to Earn One Bitcoin - page 2.

phillipsjk

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Activity: 1008

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Let the chips fall where they may.

Quote from: Yakamoto on July 11, 2014, 10:05:18 PM

Quote from: Kiloday on July 11, 2014, 09:39:42 AM

Maybe the big phone manufacturers could start putting ASIC chips in the phones they sell and profit that way. Just one chip per phone, and it would be a small chip so the phone doesn't get too hot. It would stay dormant in normal use and would only be activated during times when the phone is fully charged but still connected to a charger. That way, the customer doesn't notice.

This is actually bloody genius.

I disagree: "smart" TVs are where it is at.

They are already built to betray the user (implementing an alphabet soup of DRM including DTCP and HDMI).
They are already known as power hogs even in standby mode (so that they can download programming guides an respond to voice commands)
They already have internet access (required to get Blu-ray playback working again after your device is revoked, also services like netflix): likely cheaper than mobile Internet.
Because these things are always plugged in and active, you can even use an off-the-shelf chip drawing 3-5W.

Yakamoto

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Quote from: Kiloday on July 11, 2014, 09:39:42 AM

Maybe the big phone manufacturers could start putting ASIC chips in the phones they sell and profit that way. Just one chip per phone, and it would be a small chip so the phone doesn't get too hot. It would stay dormant in normal use and would only be activated during times when the phone is fully charged but still connected to a charger. That way, the customer doesn't notice.

This is actually bloody genius.

About, oh, I dunno, 50% (At least) of the world's population has a Android or Apple device, and if companies started adding ASICs like what you said, that would allow companies to earn about 250 BTC, if they have all 3,500,000,000 mining all the time. Realistic estimates would put it at about 100 BTC, at best. Not everyone has it hooked up all the time.

So companies could be mining pretty big amounts, the question would be if the companies would hold it and wait, or sell it off...

Abdussamad

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Activity: 3640

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Quote from: phoenixsilverbird on July 10, 2014, 04:46:36 PM

Quote from: Skele on July 10, 2014, 04:42:52 PM

It sounds crazy and non-efficient (seeing it as an ordinary person), but what if someone creates a virus which infects a lot of phones worldwide

and whenever that guy wants it, starts mining without any notice $_$

It's hard to infect 14 million devices.
The time and money spent infecting them would be far greater than any Bitcoin.

14 million is not a lot relatively speaking. There must be at least a billion android devices out there.

abacus

hero member

Activity: 618

Merit: 500

a clockwork miner

Quote from: jonald_fyookball on July 11, 2014, 01:26:24 AM

anyone actually done 1 hash by hand?

I think it would take a while, there's a lot of rounds to do in a SHA-256 hash.
64 rounds? something like that

Seven months ago, with that difficulty, it would have cost you $3,162,791,285,103,330,000.00 per block just for paper and ink.

Source:
http://www.reddit.com/r/Bitcoin/comments/1r3wau/mining_bitcoin_by_hand/

tl;dr - mining by hand is no longer profitable. (LOL)

Kiloday

newbie

Activity: 14

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Maybe the big phone manufacturers could start putting ASIC chips in the phones they sell and profit that way. Just one chip per phone, and it would be a small chip so the phone doesn't get too hot. It would stay dormant in normal use and would only be activated during times when the phone is fully charged but still connected to a charger. That way, the customer doesn't notice.

freedomno1

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Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

Quote from: cryptocurrencylive on July 10, 2014, 08:42:51 AM

It Takes 14 Million Android Phones to Earn One Bitcoin

http://securitywatch.pcmag.com/mobile-security/325365-it-takes-14-million-android-phones-to-earn-one-bitcoin

DAYYYMNNNN
Sorry it had to be said but I am impressed that it would take that many phones so much for mobile mining to earn enough for a phone call

libivan

full member

Activity: 210

Merit: 100

Quote from: Bitcoinpro on July 10, 2014, 02:53:36 PM

Quote from: Beliathon on July 10, 2014, 02:37:07 PM

Hey guys, I heard it takes 140 million breast-strokes to cross the Atlantic Ocean.

Am I doin it wrong ?? ?

u should be using butterfly

lol

KimNam

hero member

Activity: 644

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even PC with good GPU can't handle bitcoin mining anymore

I think someone should create alt-coin that only can be mined by mobile phones CPU and GPU
it's new market, is it possible?

jonald_fyookball

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Activity: 1302

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Core dev leaves me neg feedback #abuse #political

Quote from: cozk on July 10, 2014, 10:28:59 PM

Personally i mine by hand.

I send my shares via registered mail to the bitcoin foundation.

They said it would take 14 million years to mine a bitcoin that way.

Brb i'll write an article about how fucking retarded i am.

anyone actually done 1 hash by hand?

I think it would take a while, there's a lot of rounds to do in a SHA-256 hash.
64 rounds? something like that

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Equivalent to digging with 14 million hands lol or more.

At least with Bitcoin mining there is not as many deaths than gold mining companies per year.

keithers

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Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

Quote from: phoenixsilverbird on July 10, 2014, 04:46:36 PM

Quote from: Skele on July 10, 2014, 04:42:52 PM

It sounds crazy and non-efficient (seeing it as an ordinary person), but what if someone creates a virus which infects a lot of phones worldwide

and whenever that guy wants it, starts mining without any notice $_$

It's hard to infect 14 million devices.
The time and money spent infecting them would be far greater than any Bitcoin.

They would probably need to come pre-installed out of the box like that

Brewins

legendary

Activity: 1120

Merit: 1000

Mobiles device are made for being low power consuming and being small, no more than that.

This is candidate as the retarded bitcoin article of the year

fryarminer

hero member

Activity: 686

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I wonder if there are 14 million people retarded enough to mine on their phone...

Yakamoto

legendary

Activity: 1218

Merit: 1007

14 million?

Good gravy. That's actually a small number.

GOOGLE! WHY YOU NO HIJACK ALL YOUR SOLD PHONES?

In a more serious way, however, that fully makes sense. They're phones, not PCs or ASICs. They're not necessarily supposed to be completely over powered in specs, their meant to run flappy bird and be able to take selfies.

PCs are supposed to do WAY more things than a phone, and often they can, unless they're ~8 years behind in tech, or aged 8 years old with no upgrades.

GPUs in phones aren't supposed to run Watch_Dogs or grind away at a stream of super-difficult calculations that it has to compare against another chain of code.

But that's just my opinion.

cozk

hero member

Activity: 812

Merit: 500

Personally i mine by hand.

I send my shares via registered mail to the bitcoin foundation.

They said it would take 14 million years to mine a bitcoin that way.

Brb i'll write an article about how fucking retarded i am.

phoenixsilverbird

full member

Activity: 154

Merit: 100

BUYING ANTMINER S1!!!

Quote from: Skele on July 10, 2014, 04:42:52 PM

It sounds crazy and non-efficient (seeing it as an ordinary person), but what if someone creates a virus which infects a lot of phones worldwide

and whenever that guy wants it, starts mining without any notice $_$

It's hard to infect 14 million devices.
The time and money spent infecting them would be far greater than any Bitcoin.

Skele

full member

Activity: 224

Merit: 100

VocalPlatform.com

It sounds crazy and non-efficient (seeing it as an ordinary person), but what if someone creates a virus which infects a lot of phones worldwide

and whenever that guy wants it, starts mining without any notice $_$

allthingsluxury

legendary

Activity: 1540

Merit: 1029

Very interesting number and crazy. But of course you gotta use the right tool for the right job. Mining with a mobile phone is obviously a horrible idea.

phoenixsilverbird

full member

Activity: 154

Merit: 100

BUYING ANTMINER S1!!!

Interesting.
Mobile mining appears to be for novelty only - long term use is pointless and can damage the hardware.

bluefirecorp

legendary

Activity: 882

Merit: 1000

His math is wrong.

Actually, if it were 2009, it'd only take maybe 2-3 SIIIs to mine a bitcoin in a day.

Topic: It Takes 14 Million Android Phones to Earn One Bitcoin - page 2. (Read 2891 times)