There is no ROI discussion here because the user will not want any ROI for those devices. If they can make it so that the total added cost is minimal (maybe <5$) the user will not care about the added 10W power consumption. That's like 1$/month at 0.10c/kWh. They only need to figure a way to market them and to convince people that their use of the ASIC routers matters.
I am sure that most users would strongly object to spending 1$/month more for the benefit of some company out there. Either the devices will be a net win for the users (including the hassle of keeping the device connected and collecting the payoff), or forget it. One advantage of an ASIC-enabled toaster (or of the Internet of Things in general) is that the cops will know precisely when you are sitting down for breakfast, on the day they come to get you. They aren't spending 1$/month for the benefit of some company. They are doing it for the benefits of the bitcoin p2p network which I know it will not thrill all the users. (unless 21inc chooses to mine directly to their wallets which would be very retarded). They need to find a way to make it worth it for the user to run these devices. |
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This is a good point. It isn't just about recycling heat but the added convenience of making mining slightly easier by integrating the unit within a router.... plug and play. From an engineering perspective an ASIC in a router is a horrible idea because it just adds to extra unneeded heat which needs to be properly vented, but engineering isn't the only consideration. If these units were free + 10 S.H. online or 5 dollars a piece retail than they would sell like crazy compared to 50 dollar routers. The danger would be in too many people ordering them as a router backup and not using them however so they would need to keep the potential profitability for the 25% BTC interesting.
Either way, I would have to be honest to the community and tell them the break even and projected ROI depending upon the electrical rates. It could turn out to either be a rent to own deal where the router is free but ends up costing more money over the course of 1 year or it could be a situation where the ASIC router is only wise to use if they live in a location of cheap electrical rates or they have free electricity (renewable energy and/or renters). The people discounting this business plan don't seem to grasp that both these options have a large market demand and will likely be successful as long as 21 can keep manufacturing costs down and the units difficult to hack.
This is really a genius idea.
There is no ROI discussion here because the user will not want any ROI for those devices. If they can make it so that the total added cost is minimal (maybe <5$) the user will not care about the added 10W power consumption. That's like 1$/month at 0.10c/kWh. They only need to figure a way to market them and to convince people that their use of the ASIC routers matters. The main question is where all the mining power will go and how do you manage the huge network hashrate that will come. I also think that these can be fit inside fridges. They already run 24/7 and they have no issue with heating since they can ditch it very easy in the back side. All that's needed is an extra LAN cable to go behind it. Putting them in toasters and such will not work because they aren't being that popular as routers and they aren't being used 24/7. Any other ideas about devices? |
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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.jpgI'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 ~10w per appliance is my bet too. Nothing to hurt the consumer financially and good enough to maintain a decent mining rate. |
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The jokester who made up this toaster thing is probably reading this thread and having a laugh.
There is absolutely no way 21 inc raised $116 million based on the idea of putting miners in appliances that people use ~5 minutes per day. No chance in hell.
I can't believe so many people actually believe this is their business plan.
But what if they put it inside routers for example and for start? Those devices run 24/7 and they always have an internet connection. Something like this could be the real decentralization of mining. If they can have something like 5-10W for bitcoin mining then people wouldn't mind the added cost of electricity. When this will happen I imagine all the big farms offering mining services to big companies for various reasons. |
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jeez even with my puny income I could get 4,169 bucks together to wrap it up rather then be evicted...they must really be in debt or some such.
not familiar with them..just saying ..if legit the amount seems puny Maybe it's not worth to pay the fee... |
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If Factom is really serious about their value proposition, they should team up only with the Exchanges that are AML and KYC compliant.
What do you mean by "team up with"? Offer integration help to? Marketing... |
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Coupon will expiry today! LOWERED PRICE TO 10$
OFFER EXPIRED!
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Bitcoin's fatal flaw was that it employed a POW algorithm that was ASIC friendly. Its entire history has been described by, and its future predicted by this single fact.
Isn't it time we all moved on ?
Why is that a flaw? Have we encountered any problem because of it? |
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OFFER EXPIRED!
As title says. I want 20 10$ for it and I want them donated to the current /r/millionairemakers winner via ChangeTip.
In order to avoid confusion reply with the word "deal" and I will quote you stating that I'm waiting proof from you. From that reply you have up to 6 hours to pay the winner and to show me proof either here or via PM. After that I will give you the coupon. If needed we can escrow this, but my reputation should be enough for such a small amount.
DO NOT SEND MONEY BEFORE ME ACKNOWLEDGING THE FACT THAT YOU ARE THE ONE THAT MUST PAY THE TIP. I will not be help responsible for any amount sent without my consent.
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Basically you needed an investor.
I would have liked better for you to use preorders to finance your next gen chips.
And give dogie satisfaction? Nah... Interesting times ahead! When can we have some more teasers? |
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Thanks! Wow yeah that is a lot. My concern is that on an offline computer, won't all that other data it grabs be very similar to other offline computers (who have nothing installed but Armory)? Or is that not a valid concern.
Thanks!
Valid concern, but if the gathered data goes down to the microsecond and considering that there are various Windows (if that's what you are using) settings than can make the folders differ in size then the whole process is effective. |
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I had a funny situation where I generated more than a couple of addresses because of that check.
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Why don't you take a break defending scams  You remind me of EvilPanda in GAW thread. I'm just suggesting to close the thread of a defunct company that is out of business. The fact that they may escape jail doesn't make them better than GAW. It's just because they are in China and they chose the way of not communicating. There is no such thing as AM no more and there should not be a thread  p.s. I only shit on them like 3-4 times a week, nothing close to daily Closing this thread will not bring FC back or the missing money. What's the point in doing that? Why not let others discuss freely here if they wish to even if the company is dead? What are you trying to impose your wishes on to the others? Mind your own business maybe and let the others do whatever the fuck they wish. |
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There really isn't anything more to say. FC is gone. The BE300 chip isn't going to be made. AM has stopped replying to emails. AMHash1 is gone. The prisma refunds are non-existent.
AM is done.
Correction: AM is dead!  |
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You may be underestimating the importance of the type of PSU's used and the unit, I am pretty sure that spondoolies will only work with the make and type of PSU's they support. Emerson and another type.
OT: What is going on? Everyone is adding/changing avatars. You, philipma1957... |
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um... wrong section =)
Don't steal my line  |
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Mind sharing what's so great about a collaboration with a company that has on its webpage " Coming soon: Another fine website hosted by WebFaction." ? |
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5. The product is new from the factory, but due to testing periods and the unstable air quality around the factory, there may be dust on the machine when you receive it.
Quoted for future laughs. |
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