I think we will start to see some of the very first commercials for Bitcoin miners and mining soon.
I thought most of their ethos involved people being unaware of the mining aspect.
Mining without the aspect.
Topic: It's Happening .... The secrets of 21 inc revealed, and its what we hoped for. (Read 11654 times)
September 21, 2015, 04:24:45 PM
I think we will start to see some of the very first commercials for Bitcoin miners and mining soon.
I thought most of their ethos involved people being unaware of the mining aspect.
Mining without the aspect.
September 21, 2015, 04:13:19 PM
Please explain in plain old english :
Easily build Bitcoin-payable apps, services, and devices
Also , you forgot the pink unicorn each "device" comes with
Edit:
Forget about it , you're a sig poster....
Oh good way to get out of a discussion try and act like my points are invalid because I have a sig,back on topic it isn't for an ROI through mining but it is a very unique device and if you can't figure that out then I don't know what to tell you. A 120gh miner, a plug and play full nude, dev toolkit and api, when it is time to target the mainstream audience expect a very different price but note their chip is better than the ones in the Antminer S5.Buy digital goods with the constant stream of bitcoin mined by a 21 Bitcoin Chip
Easily build Bitcoin-payable apps, services, and devices
Also , you forgot the pink unicorn each "device" comes with
Edit:
Forget about it , you're a sig poster....
The text you posted was copied from their page you can ask them directly but I believe the first quote is answered by the dev tools.
You have the same post over 5 threads with the same stuff , this is why I call you a sig whore
Secondary the text I quoted is from your own post not from the article.
Can you explain how can this device create "devices" ?
I understand that English isn't your strong point but don't make stupidity the one.
Also nice one about the "FULL NUDE"
September 21, 2015, 03:59:10 PM
Please explain in plain old english :
Easily build Bitcoin-payable apps, services, and devices
Also , you forgot the pink unicorn each "device" comes with
Edit:
Forget about it , you're a sig poster....
Oh good way to get out of a discussion try and act like my points are invalid because I have a sig,back on topic it isn't for an ROI through mining but it is a very unique device and if you can't figure that out then I don't know what to tell you. A 120gh miner, a plug and play full node, dev toolkit and api, when it is time to target the mainstream audience expect a very different price but note their chip is better than the ones in the Antminer S5.Buy digital goods with the constant stream of bitcoin mined by a 21 Bitcoin Chip
Easily build Bitcoin-payable apps, services, and devices
Also , you forgot the pink unicorn each "device" comes with
Edit:
Forget about it , you're a sig poster....
The text you posted was copied from their page you can ask them directly but I believe the first quote is answered by the dev tools.
September 21, 2015, 08:42:34 PM
It appears there may indeed be a useful case for this device...
So you are suggesting their definition of microtransactions is less than 10 cents which is prohibitively expensive to send right now with fees being 2 pennies?
What does this hardware have to do with sending dust, why not just use one of many services like changetip to send microtransactions or is this going to be a decentralized caching layer for micro-transactions that doesn't use an off the chain solution(like the lightning network)?
Yes, I am honestly unsure about the specifics but I'm confident your second statement is close to what they're doing.
See my reply above and yes indeed the microtransactions they refer to will be less than 10 cents. We're likely talking satoshis here.
If that is the case , that is a creative solution that also allows bitcoin to scale more (If and only if the process is decentralized and acting like a caching layer). They are really horrible about explaining this simple idea in their marketing I do say.
Case use ... You are a songwriter and manage to convince 5% of the bitcoin users to buy your song for 1 penny in btc each allowing you to earn 2k in profit tax and itunes fee free . Rinse and repeat and earn a reasonable income, and probably much more by releasing through itunes only.
Hmm.. now this sounds exciting as any centralized offchain solution exposes one to the risk of taxes for earned income and counterparty risk. What is also interesting is this opens up a huge market demand for bitcoin as people will be excited to use itunes alternatives where music costs 1 penny a song instead of 99 pennies a song.
We certainly are reading between the lines however and may be delusionally optimistic.
How else do you enable true micropayment possibilities than by allowing ubiquitous access to mining?
These folks are very, very clever.
These folks are very, very clever.
So you are suggesting their definition of microtransactions is less than 10 cents which is prohibitively expensive to send right now with fees being 2 pennies?
What does this hardware have to do with sending dust, why not just use one of many services like changetip to send microtransactions or is this going to be a decentralized caching layer for micro-transactions that doesn't use an off the chain solution(like the lightning network)?
Yes, I am honestly unsure about the specifics but I'm confident your second statement is close to what they're doing.
See my reply above and yes indeed the microtransactions they refer to will be less than 10 cents. We're likely talking satoshis here.
There are reasons why that is not possible and that would be a hack anyway.
By participating hashing power to 21inc mining pool (as negligible as it could be) they will aggregate all of their embedded chips and Bitcoin computer devices micropayments and include them into blocks they mine.
By participating hashing power to 21inc mining pool (as negligible as it could be) they will aggregate all of their embedded chips and Bitcoin computer devices micropayments and include them into blocks they mine.
If that is the case , that is a creative solution that also allows bitcoin to scale more (If and only if the process is decentralized and acting like a caching layer). They are really horrible about explaining this simple idea in their marketing I do say.
Case use ... You are a songwriter and manage to convince 5% of the bitcoin users to buy your song for 1 penny in btc each allowing you to earn 2k in profit tax and itunes fee free . Rinse and repeat and earn a reasonable income, and probably much more by releasing through itunes only.
Hmm.. now this sounds exciting as any centralized offchain solution exposes one to the risk of taxes for earned income and counterparty risk. What is also interesting is this opens up a huge market demand for bitcoin as people will be excited to use itunes alternatives where music costs 1 penny a song instead of 99 pennies a song.
We certainly are reading between the lines however and may be delusionally optimistic.
Please take the retard's post with a grain of salt (brg44)
If what he described is true, their $400 is doom to fail due to 2 things:
+Operating cost of having "mining device". Which essentially can be greater than tx cost for dust tx
+Spam attack on the network. I can fill up every single 21inc's block with just $400 up front cost?
This is a illusion to fool idiots into thinking "micropayments" are free.
September 21, 2015, 06:11:00 PM
It appears there may indeed be a useful case for this device...
So you are suggesting their definition of microtransactions is less than 10 cents which is prohibitively expensive to send right now with fees being 2 pennies?
What does this hardware have to do with sending dust, why not just use one of many services like changetip to send microtransactions or is this going to be a decentralized caching layer for micro-transactions that doesn't use an off the chain solution(like the lightning network)?
Yes, I am honestly unsure about the specifics but I'm confident your second statement is close to what they're doing.
See my reply above and yes indeed the microtransactions they refer to will be less than 10 cents. We're likely talking satoshis here.
If that is the case , that is a creative solution that also allows bitcoin to scale more (If and only if the process is decentralized and acting like a caching layer). They are really horrible about explaining this simple idea in their marketing I do say.
Case use ... You are a songwriter and manage to convince 5% of the bitcoin users to buy your song for 1 penny in btc each allowing you to earn 2k in profit tax and itunes fee free . Rinse and repeat and earn a reasonable income, and probably much more by releasing through itunes only.
Hmm.. now this sounds exciting as any centralized offchain solution exposes one to the risk of taxes for earned income and counterparty risk. What is also interesting is this opens up a huge market demand for bitcoin as people will be excited to use itunes alternatives where music costs 1 penny a song instead of 99 pennies a song.
We certainly are reading between the lines however and may be delusionally optimistic.
How else do you enable true micropayment possibilities than by allowing ubiquitous access to mining?
These folks are very, very clever.
These folks are very, very clever.
So you are suggesting their definition of microtransactions is less than 10 cents which is prohibitively expensive to send right now with fees being 2 pennies?
What does this hardware have to do with sending dust, why not just use one of many services like changetip to send microtransactions or is this going to be a decentralized caching layer for micro-transactions that doesn't use an off the chain solution(like the lightning network)?
Yes, I am honestly unsure about the specifics but I'm confident your second statement is close to what they're doing.
See my reply above and yes indeed the microtransactions they refer to will be less than 10 cents. We're likely talking satoshis here.
There are reasons why that is not possible and that would be a hack anyway.
By participating hashing power to 21inc mining pool (as negligible as it could be) they will aggregate all of their embedded chips and Bitcoin computer devices micropayments and include them into blocks they mine.
By participating hashing power to 21inc mining pool (as negligible as it could be) they will aggregate all of their embedded chips and Bitcoin computer devices micropayments and include them into blocks they mine.
If that is the case , that is a creative solution that also allows bitcoin to scale more (If and only if the process is decentralized and acting like a caching layer). They are really horrible about explaining this simple idea in their marketing I do say.
Case use ... You are a songwriter and manage to convince 5% of the bitcoin users to buy your song for 1 penny in btc each allowing you to earn 2k in profit tax and itunes fee free . Rinse and repeat and earn a reasonable income, and probably much more by releasing through itunes only.
Hmm.. now this sounds exciting as any centralized offchain solution exposes one to the risk of taxes for earned income and counterparty risk. What is also interesting is this opens up a huge market demand for bitcoin as people will be excited to use itunes alternatives where music costs 1 penny a song instead of 99 pennies a song.
We certainly are reading between the lines however and may be delusionally optimistic.
September 21, 2015, 05:58:49 PM
I posted in the other thread on this but I think anyone who thinks that this is a good idea needs to consider this...
Why would anyone want to run a $400 miner that helps them deal with bitcoin
if instead the 21 company just deployed their own server on the Internet, in a colo that had cheap bandwidth and 24/7 cheap power, and you could connect to that with a nice web interface to do your mining and whatever else they want to do on this piece of hardware you buy
Then you wouldn't have to deal with:
- upgrading the thing with new OSes and software
- fixing it when it had problems
- the slow Rasperberry PI2 itself
and it would be cheaper because you would pay by the month as a service instead of paying $400 for something that will be obsolete next month.
The whole thing makes absolutely no sense at all. It is simply unbelievable that this is their business idea.
Why not sell a Raspberry PI that runs a web server with a daughter board to speed up web serving for $400? How about a PI that runs its own email server? Makes just as much sense as this does.
Why would anyone want to run a $400 miner that helps them deal with bitcoin
if instead the 21 company just deployed their own server on the Internet, in a colo that had cheap bandwidth and 24/7 cheap power, and you could connect to that with a nice web interface to do your mining and whatever else they want to do on this piece of hardware you buy
Then you wouldn't have to deal with:
- upgrading the thing with new OSes and software
- fixing it when it had problems
- the slow Rasperberry PI2 itself
and it would be cheaper because you would pay by the month as a service instead of paying $400 for something that will be obsolete next month.
The whole thing makes absolutely no sense at all. It is simply unbelievable that this is their business idea.
Why not sell a Raspberry PI that runs a web server with a daughter board to speed up web serving for $400? How about a PI that runs its own email server? Makes just as much sense as this does.
You see..... this is why we call the current trend is bitcoin bubble. Its not about the btc price, its the startups like these got millions in VC....
Anyone here old enough to remember the dotcom boom?
Dejavu again. These VC + tons of sitting cash = throw at any trend that potentially returns 100x times..... No need to see if ideas make any fucking sense.
September 21, 2015, 05:13:51 PM
I posted in the other thread on this but I think anyone who thinks that this is a good idea needs to consider this...
Why would anyone want to run a $400 miner that helps them deal with bitcoin
if instead the 21 company just deployed their own server on the Internet, in a colo that had cheap bandwidth and 24/7 cheap power, and you could connect to that with a nice web interface to do your mining and whatever else they want to do on this piece of hardware you buy
Then you wouldn't have to deal with:
- upgrading the thing with new OSes and software
- fixing it when it had problems
- the slow Rasperberry PI2 itself
and it would be cheaper because you would pay by the month as a service instead of paying $400 for something that will be obsolete next month.
The whole thing makes absolutely no sense at all. It is simply unbelievable that this is their business idea.
Why not sell a Raspberry PI that runs a web server with a daughter board to speed up web serving for $400? How about a PI that runs its own email server? Makes just as much sense as this does.
Why would anyone want to run a $400 miner that helps them deal with bitcoin
if instead the 21 company just deployed their own server on the Internet, in a colo that had cheap bandwidth and 24/7 cheap power, and you could connect to that with a nice web interface to do your mining and whatever else they want to do on this piece of hardware you buy
Then you wouldn't have to deal with:
- upgrading the thing with new OSes and software
- fixing it when it had problems
- the slow Rasperberry PI2 itself
and it would be cheaper because you would pay by the month as a service instead of paying $400 for something that will be obsolete next month.
The whole thing makes absolutely no sense at all. It is simply unbelievable that this is their business idea.
Why not sell a Raspberry PI that runs a web server with a daughter board to speed up web serving for $400? How about a PI that runs its own email server? Makes just as much sense as this does.
September 21, 2015, 05:00:04 PM
That would make as much sense as selling pogoplug as a cloud storage server...... seriously thats why they failed so hard.
Nobody buy a device so they can use cloud storage.
Nobody buy a device so they can use bitcoin blockchain.
Very laughable indeed.
Yes, I have to be creative to think of how to justify this device. The only advantage I can see if they released a microsite antenna attachment that allowed one to resell excess bandwidth with their partners(qualcomm). Essentially the price of the device would become the price of admission into a microsite reseller agreement they arranged with qualcomm or other bandwidth providers. This would also have to depend upon qualcomm making their devices seamlessly integrate into using these microsites without normal cellular users even being aware.
September 21, 2015, 04:48:39 PM
I think we will start to see some of the very first commercials for Bitcoin miners and mining soon.
I thought most of their ethos involved people being unaware of the mining aspect.
Mining without the aspect.
Perhaps their hope is that developers will create better UI with their Micropayments Server to facilitate others to resell excess bandwidth. That may be worth it if you live in a densely popular area or location without free wifi and a app facilitated the use of purchasing bandwidth or Qualcomm resold this bandwidth.
That would make as much sense as selling pogoplug as a cloud storage server...... seriously thats why they failed so hard.
Nobody buy a device so they can use cloud storage.
Nobody buy a device so they can use bitcoin blockchain.
Very laughable indeed.
September 21, 2015, 04:46:18 PM
Congratulations on catching a simple mistype, I had posted similar points in the threads due to the fact that they were all coming at the very same time, this is the first device from a company many have been watching closely. I am posting what I think is good information to know as many won't check the other similar threads and think it is a "400$ pi with an attachment" it isn't. How it can create devices, well that is what they have put, I think they are meaning code for other devices was this is obviously not a 3d printer, maybe an lcd screen on a pi 2 attachment to show codes and use as an open source hardware wallet.
mistype?
funny
what's next? a buttplug and play device ? , 120 gh rimmer? an unique bondage?
Never take posts from a sig whore seriously.
This 21 inc is nothing about a failed startup, i bet the VC was clueless as many was in the dot com boom.
September 21, 2015, 04:29:06 PM
I think we will start to see some of the very first commercials for Bitcoin miners and mining soon.
I thought most of their ethos involved people being unaware of the mining aspect.
Mining without the aspect.
Perhaps their hope is that developers will create better UI with their Micropayments Server to facilitate others to resell excess bandwidth. That may be worth it if you live in a densely popular area or location without free wifi and a app facilitated the use of purchasing bandwidth or Qualcomm resold this bandwidth.
September 21, 2015, 04:28:58 PM
Congratulations on catching a simple mistype, I had posted similar points in the threads due to the fact that they were all coming at the very same time, this is the first device from a company many have been watching closely. I am posting what I think is good information to know as many won't check the other similar threads and think it is a "400$ pi with an attachment" it isn't. How it can create devices, well that is what they have put, I think they are meaning code for other devices was this is obviously not a 3d printer, maybe an lcd screen on a pi 2 attachment to show codes and use as an open source hardware wallet.
mistype?
funny
what's next? a buttplug and play device ? , 120 gh rimmer? an unique bondage?
September 21, 2015, 04:23:31 PM
"what we hoped for" is a $399.99 dev board with a sizable exhaust fan housing a 50-125 Gh/s 0.16J/Gh mining chip.
https://21.co/
https://www.amazon.com/gp/product/B014RD021C/
LMFAO... it is better to invest that 400 USD into www.CloudMining.website. At least they have a history of payment for over last 10 months - www.cloudmining.website/payments.php https://21.co/
https://www.amazon.com/gp/product/B014RD021C/
September 21, 2015, 04:17:46 PM
I suppose I should withhold judgment without more information concerning the "Micropayments Server" but so far I am puzzled and unimpressed. This is a radically different direction than originally discussed.
September 21, 2015, 04:16:06 PM
I think we will start to see some of the very first commercials for Bitcoin miners and mining soon.
I thought most of their ethos involved people being unaware of the mining aspect.
September 21, 2015, 04:05:43 PM
Please explain in plain old english :
Easily build Bitcoin-payable apps, services, and devices
Also , you forgot the pink unicorn each "device" comes with
Edit:
Forget about it , you're a sig poster....
Oh good way to get out of a discussion try and act like my points are invalid because I have a sig,back on topic it isn't for an ROI through mining but it is a very unique device and if you can't figure that out then I don't know what to tell you. A 120gh miner, a plug and play full nude, dev toolkit and api, when it is time to target the mainstream audience expect a very different price but note their chip is better than the ones in the Antminer S5.Buy digital goods with the constant stream of bitcoin mined by a 21 Bitcoin Chip
Easily build Bitcoin-payable apps, services, and devices
Also , you forgot the pink unicorn each "device" comes with
Edit:
Forget about it , you're a sig poster....
The text you posted was copied from their page you can ask them directly but I believe the first quote is answered by the dev tools.
You have the same post over 5 threads with the same stuff , this is why I call you a sig whore
Secondary the text I quoted is from your own post not from the article.
Can you explain how can this device create "devices" ?
I understand that English isn't your strong point but don't make stupidity the one.
Also nice one about the "FULL NUDE"
September 21, 2015, 04:02:16 PM
I think we will start to see some of the very first commercials for Bitcoin miners and mining soon.
Nop.
September 21, 2015, 03:27:54 PM
Please explain in plain old english :
Easily build Bitcoin-payable apps, services, and devices
Also , you forgot the pink unicorn each "device" comes with
Edit:
Forget about it , you're a sig poster....
Buy digital goods with the constant stream of bitcoin mined by a 21 Bitcoin Chip
Easily build Bitcoin-payable apps, services, and devices
Also , you forgot the pink unicorn each "device" comes with
Edit:
Forget about it , you're a sig poster....
September 21, 2015, 02:48:54 PM
"what we hoped for" is a $399.99 dev board with a sizable exhaust fan housing a 50-125 Gh/s 0.16J/Gh mining chip.
https://21.co/
https://www.amazon.com/gp/product/B014RD021C/
https://21.co/
https://www.amazon.com/gp/product/B014RD021C/
May 28, 2015, 09:12:06 AM
strange that they were able to get 116 mil. funding and they claim, it is not to be profitable. there must be secret plans of how to monetize Asic network they want to create. Im sure its just a base for something bigger. But they dont wanna reveal it to us.
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