Topic: The 21 Bitcoin Computer - page 9. (Read 11856 times)

Nice computer, but the price is too high  May be it is possible to implement also BTC mining option, then price looks better 

I'd say this paragraph from the medium post sums up the aim most concisely:


Although I suspect by the time this vision gets close to becoming viable, the present hardware they've got on offer might be somewhat outdated.  It's almost as though they're selling a direction or a mindset, rather than a finished product.  They've got a long road ahead of them to reach that kind of outcome.  Still, I can see the potential if they can make it work.

You can purchase it with Bitcoin through Purse.io if you really want to.

https://twitter.com/PurseIO/status/646075586838814720

well yes, i agree with you that now it seems to be useless, i mean if you compare the cost with the efficiency, but dont forget that maybe this is just the first step for the future of the mining, i mean that maybe in the "next future" we will see all those "circuits" everywhere in all the appliances imaginable, in that case is a first great step... maybe

It's just a nice Toy, nothing more...

Who would sell his S5 with PSU and buy back this?

For the people who can allow throwing money away, this is great.
If you do your  math, you will never buy this

If it is used for micropayments, is there not a better choice of crypto other than bitcoin?
transaction costs for micro/dust transactions will make it even more expensive.
Running a registry for payments and a full node can be done on muc cheaper sollutions. The fact it runs as a miner, but will never mine a block seem futile.
I can see the software might add up to the use of it, but it does not justify the cost and seems a bit backwards.

once openbazaar is out, you can run this on a RPi2 - and it's open sourced. I don't see any value in this box.

advertising with "passive income" is kind of misleading too...

I can understand the need for a trickle, but you would just be able to get more if instead of spending USD on the miner you spent the same USD buying BTC. Also a "trickle" means dust, which means you'll need to pay proportionally high fees and deal with a fragmented wallet so it's lose-lose.

(if you ever mined for trickles at a P2Pool, you will know that a fragmented wallet is not very practical)

I guess anyone that is technically capable of running this thing already have enough hardware to setup the similar function with dedicated platform and much higher performance

The unique part is that trading platform (built-in and close sourced), which does not make lots of sense since other dedicated trading solutions already exists today

I would more like to see a POS terminal which accept mobile bitcoin payment, but that is also not necessary since anyone can setup a tablet with much lower cost

There are so many rich people in this world, 21 Inc. just proved that  

Wait, you can't buy it with bitcoin? For all they seem to be trying to promote bitcoin, that's pretty dumb...

Man, this is pretty cool. What's it's gh/s?

I think it adds to the whole package. On the site faq it says that the miner component isn't aimed to generate huge mining returns. They state that it will give a trickle of bitcoin to use for dev and testing and expenditures (the pool brings constant payments in instead of an unreliable hit every x days / 6 hours and I believe they state they don't take a portion of the coins).

I don't believe its machine to machine micro payments its all gathered and pushed through their mined blocks or something i'd have to re-read the faq (which isn't rich of information).

21 inc I believe is taking bitcoin and becoming the equivalent of mastercard / visa in this space. The devices etc are part of the global scheme like your paypass paywave or eft machines. In the end maybe 21 inc provides devices to businesses etc and priority support on a rental basis?

Its actually smart... become the blockchain-bank major provider.

There is a lot more to the roadmap for their devices and I think the focus everyone is placing is on the devices they are making rather than their intention to bring bitcoin to mainstream spending and being the goto company that businesses pay to accept bitcoin payments.

Needs more info i'll agree but it is preorders and I think this initial round is very developer centric and test bed while they fine tune a more cut down device.. I guess consider it like an occulus rift dev kit?

What's the point of including a miner that will never pay for itself?

If you need internet access, why not just use more efficient cloud-based APIs?

Can the blockchain ever scale to handle machine-to-machine micro-payments?

Can a RPi2-class CPU handle a bitcoin full node when bitcoin will have been scaled to handle machine-to-machine micro-payments? (ie. several orders of magnitude more tx per second)

I like their vision... I don't think the device is meant to be a miner and we shouldn't be looking at it as a comparison to miners in general.

Its a complete bitcoin node with suite of tools. I look at it in 2 ways

- a test bed for a device you have at home hooked into your pc all the time... you become your own paypal... you send payments through applications on this device for your Netflix content consuming etc. Down the track I'm sure it will be shrunk in size and look more appealing. It'll become another device attached to your computer like a printer, scanner etc. Maybe somewhere wirelessly in the house where you make payments I dunno.

- you'll see something like this at all your stores hooked to their computers at the cash register. they'll run the suite of tools on this device integrated with point of sales to process your sales in an uncomplicated way. I know they have ipad apps etc that do this but a branded box device with as much VC money and push that 21 inc has I can see it being pushed to stores in an aggressive way once more people adopt it.

I think this is just phase one and this is the service and utility we are wanting to have bitcoin push forwards so I'm excited about it. Your bitcoin holdings will have value in use and not just cash to fiat. I think this is going to be a big deal longer term.

Yes its a pi with their chip but its the software component and use case that gives it value... they are just building off a hardware product that does what it does well at present.

Good times... I think i'll get some more bitcoin.

I'm hoping its easily adaptable to other alt coins.... but maybe only sha256.

[ ] This is the fault of the (non) customers for being too stupid (or just not psychic enough)

[ ] This is the fault of the company for not communicating its vision effectively.

thats right; IMHO their website lacks information...

haha, for me it looks like RPi with some board on it running little bit customized linux and yes, it is bloody overpriced.

it seems that manufacturer wants to use word tags like: bitcoin, mine, linux, opensource but sadly didn't invent anything new. only potential customer is then average Joe and this guy don't want to pay 400USD for useless gadget. maybe next time..

However, this ignores the value of the OS, which comes with tools that are supposed to make using Bitcoin easier, including tools that allow developers to sell digital content directly for Bitcoin.

main problem: people dont understand the vision of that company.

The price is way over the top to get an internet of things going.. But surely machines like this will boost the node count significantly.

How would updating this thing go?