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Topic: The 21 Bitcoin Computer - page 14. (Read 11856 times)

hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
September 21, 2015, 04:49:05 PM
#33
It is not a marketplace. It is a platform for internet content monetization and device-to-device micropayments.

Why does one need hardware to facilitate this when software on existing hardware can facilitate the same?

Read here:

https://medium.com/@21dotco/a-bitcoin-miner-in-every-device-and-in-every-hand-e315b40f2821
legendary
Activity: 994
Merit: 1035
September 21, 2015, 04:44:52 PM
#32
It is not a marketplace. It is a platform for internet content monetization and device-to-device micropayments.

Why does one need hardware to facilitate this when software on existing hardware can facilitate the same?
legendary
Activity: 1806
Merit: 1164
September 21, 2015, 04:44:02 PM
#31
I would rather have an AntRouter R1 once Bitmain starts shipping.
hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
September 21, 2015, 04:43:16 PM
#30
I really don't think anyone with any knowledge would buy this purely on the mining factor, and I don't think that's what they are pushing for.

I understand, but they are extremely vague as to what makes this device unique vs any other marketplace where one can sell their goods and services for bitcoin with their regular computer.

The only thing that would make sense is if these devices had some unique advantage where they were given privy to directly sell excess bandwidth to Qualcomm devices.  

then why add mining chip that would just be a pure loss?

The only purpose of the mining chip is to facilitate non-bitcoin users the ability to use the bitcoin blockchain without buying bitcoin. Unfortunately this device isn't marketed for this demo so is very puzzling indeed.

Perhaps they intended to create routers and utilities but after testing couldn't pull off their vision so had to release something.


It is not a marketplace. It is a platform for internet content monetization and device-to-device micropayments.

The device is here to lubricate payments flow by enabling device to speak together using the Bitcoin protocol by having them absolutely tiny amounts (satoshis).
legendary
Activity: 994
Merit: 1035
September 21, 2015, 04:35:25 PM
#29
I really don't think anyone with any knowledge would buy this purely on the mining factor, and I don't think that's what they are pushing for.

I understand, but they are extremely vague as to what makes this device unique vs any other marketplace where one can sell their goods and services for bitcoin with their regular computer.

The only thing that would make sense is if these devices had some unique advantage where they were given privy to directly sell excess bandwidth to Qualcomm devices.  

then why add mining chip that would just be a pure loss?

The only purpose of the mining chip is to facilitate non-bitcoin users the ability to use the bitcoin blockchain without buying bitcoin. Unfortunately this device isn't marketed for this demo so is very puzzling indeed.

Perhaps they intended to create routers and utilities but after testing couldn't pull off their vision so had to release something and all that VC money allowed them to grab 3-4 % of the worldwide hashrate so have settled on the business model of mining . This would truly be disappointing.
full member
Activity: 196
Merit: 100
September 21, 2015, 04:35:20 PM
#28
This is amazing  Shocked

lol for a guy without any technical knowledge whatsoever...... amazing is right.... until they realize what it actually does.

full member
Activity: 196
Merit: 100
September 21, 2015, 04:33:03 PM
#27
0.16 Joules per Gigahash and can calculate 50-125 Gigahashes per second.[/i]"

That is a huge spread and equates to a return of ~ negative 317 dollars in 3 years and only if you have free electricity. I am puzzled at what the purpose of this device is and will withhold judgment until they can demonstrate how one can at least break even with this device with their "Micropayments Server"

The only thing that makes sense is if this "Micropayments Server" facilitated selling excess bandwidth to peers and the reason Qualcomm is involved.
I really don't think anyone with any knowledge would buy this purely on the mining factor, and I don't think that's what they are pushing for.

then why add mining chip that would just be a pure loss?

The focus of light full node is efficiency so we can use it everywhere.

This company is a joke with no vision whatsoever. I would hate to say this but we are exactly like 1999-2000 of dot com boom. VC just poured money into crappy companies and hyped up the whole industry. These bitcoin start-up bubble will burst just as bad.
legendary
Activity: 994
Merit: 1035
September 21, 2015, 04:24:10 PM
#26
0.16 Joules per Gigahash and can calculate 50-125 Gigahashes per second.[/i]"

That is a huge spread and equates to a return of ~ negative 317 dollars in 3 years and only if you have free electricity. I am puzzled at what the purpose of this device is and will withhold judgment until they can demonstrate how one can at least break even with this device with their "Micropayments Server"

The only thing that makes sense is if this "Micropayments Server" facilitated selling excess bandwidth to peers and the reason Qualcomm is involved.
hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
September 21, 2015, 04:23:13 PM
#25
This does seem pretty sweet, but I really want to learn more about it. 

https://21.co/faq/

Still very vague. I can't seem to udnerstand how will this facilitate Bitcoin payment integration in websites, as it apparently does. Why should a merchant opt for this instead of BitPay, Electrum payment functionality, just giving out an address, etc?

MICROPAYMENTS
hero member
Activity: 493
Merit: 518
September 21, 2015, 04:18:11 PM
#24
Seems like this is designed to facilitate microtransactions but during recent blocksize debate everyone is saying microtransactions will be dead  Huh

Who is "everyone"? 

You have an interesting account tagline RE: sullen ground. Reminds me of a Bit Gold proponent.   Wink
sr. member
Activity: 466
Merit: 500
September 21, 2015, 04:17:45 PM
#23
Seems like this is designed to facilitate microtransactions but during recent blocksize debate everyone is saying microtransactions will be dead  Huh


even if the blocksize debate fell into favor of the microtransaction crowd, these devices would fill up these tiny SD cards like lightning, if they dont die of write exhaustion first
sr. member
Activity: 466
Merit: 500
September 21, 2015, 04:16:33 PM
#22
i laughed so hard i vomited in my mouth a little at this




21.co was gonna change the game. Gonna change the world. Gonna usher in the new Bitcoin era



$121m in VC money buys them the same hardware people use to connect their shitty keurigs to the internet so they have something to write an instructables guide about





bitcoin is indistinguishable from parody
legendary
Activity: 1241
Merit: 1005
..like bright metal on a sullen ground.
September 21, 2015, 04:15:16 PM
#21
Seems like this is designed to facilitate microtransactions but during recent blocksize debate everyone is saying microtransactions will be dead  Huh
hero member
Activity: 784
Merit: 501
September 21, 2015, 04:12:23 PM
#20
400 USD is close to 2 BTC. I think, rather than buying this 21 Bitcoin Computer, which seems nothing more than a raspberry miner, with 2 BTC, it is better to buy 2 Ths from www.CloudMining.website. That would be more profitable in my opinion.
hero member
Activity: 493
Merit: 518
September 21, 2015, 04:10:25 PM
#19
Will be released just in time for the day after Thxgiving Xmas sales.  Woot.
legendary
Activity: 2142
Merit: 1010
Newbie
September 21, 2015, 04:08:19 PM
#18
This does seem pretty sweet, but I really want to learn more about it.  

https://21.co/faq/

They don't give enough information to verify their claim that "the 21 Bitcoin Chip has an efficiency of approximately 0.16 Joules per Gigahash and can calculate 50-125 Gigahashes per second."
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
September 21, 2015, 04:08:08 PM
#17
It looks awesome, it really does. I don't have any need to own one at the moment though so unfortunately I won't be buying it.

I'm just a HODLER, maybe in the future, it's not the price but I just don't need one.
legendary
Activity: 1512
Merit: 1012
September 21, 2015, 04:06:30 PM
#16
This does seem pretty sweet, but I really want to learn more about it. 

https://21.co/faq/

Still very vague. I can't seem to udnerstand how will this facilitate Bitcoin payment integration in websites, as it apparently does. Why should a merchant opt for this instead of BitPay, Electrum payment functionality, just giving out an address, etc?
legendary
Activity: 1066
Merit: 1098
September 21, 2015, 04:02:40 PM
#15
This does seem pretty sweet, but I really want to learn more about it. 

https://21.co/faq/
legendary
Activity: 2800
Merit: 1012
Get Paid Crypto To Walk or Drive
September 21, 2015, 03:59:57 PM
#14
I am not sure if they are being serious that it will generate bitcoins that can be used to buy stuff from others.  This thing will make nearly nothing on a daily basis, and probably use more power than it generates in bitcoin by the time it is released.  There is no way anyone can buy one of these and use the profits to buy anything really.
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