Latest posts of: 21Bitcoinpower

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on: December 01, 2015, 05:12:47 PM

This is very good count me in.

on: September 23, 2015, 05:02:34 PM

gambling is best. but dont get too greedy, quit when you got 50%+.

on: September 23, 2015, 04:55:14 PM

Quote from: Mikestang on September 23, 2015, 04:35:08 PM Quote from: 21Bitcoinpower on September 23, 2015, 12:21:59 PM Yes. Soon your fridge will mine Bitcoins and order free food for you. By the time your refrigerator generated enough bitcoin to buy 1 gallon of milk it will be so far in the future we probably won't need refrigerators any more. maybe the refrigerator can buy 1 egg a month from the bit coins it generates. better than nuffin.

on: September 23, 2015, 04:08:57 PM

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on: September 23, 2015, 01:59:14 PM

Quote from: johnyj on September 23, 2015, 01:56:07 PM Quote from: 21Bitcoinpower on September 23, 2015, 01:45:38 PM Quote from: johnyj on September 23, 2015, 01:34:58 PM You purchase bitcoin through purchase electricity, thus bypass the exchange. But the cost of that machine is much higher than the electricity cost, so it must be sold together with home electronics But micro transaction kills bitcoin network, so those micro transactions will be merged together at IOT manufacturer's central server and settled from there So the manufacturer will exactly know what you are purchasing, reading etc. This is not good for privacy. I think this will not be very successful, probably just an attempt of offloading unneeded ASIC chips to dumb enough people.. A society of home electronics, trading against each other using bitcoin as official currency. But what you can buy from another machine? Maybe you can buy heroin or crack cocaine from a drug dealing robot or something.

on: September 23, 2015, 01:52:03 PM

Quote from: JeromeL on September 23, 2015, 01:45:49 PM Quote from: EurGold on September 23, 2015, 01:09:10 PM Bitcoin does not work because people do not trust to buy things with bitcoin. I have a site running now for 5 months selling precious metals, made plenty of sales with credit card, bank transfer, no problems but not a single bitcoin purchase! What is the point in bitcoin again? Bitcoiners can send any amount of bitcoin around the world in 10 minutes for a few cents. Tried sending gold threw the post ? Haha. Private keys can be encrypted with a password, so unlinke gold, Bitcoin is much more resistant against theft. You understand now ? Since Bitcoin overpowers and disrupts gold in every aspect, why would Bitcoiners buy gold ?? But you cannot put Bitcoin into your asshole. So if you are in jail and need to buy things, it is better to have a few ounces of gold in your asshole to purchase stuff in prison.

on: September 23, 2015, 01:45:38 PM

Quote from: johnyj on September 23, 2015, 01:34:58 PM You purchase bitcoin through purchase electricity, thus bypass the exchange. But the cost of that machine is much higher than the electricity cost, so it must be sold together with home electronics But micro transaction kills bitcoin network, so those micro transactions will be merged together at IOT manufacturer's central server and settled from there So the manufacturer will exactly know what you are purchasing, reading etc. This is not good for privacy. I think this will not be very successful, probably just an attempt of offloading unneeded ASIC chips to dumb enough people..

on: September 23, 2015, 01:26:20 PM

Quote from: EurGold on September 23, 2015, 01:09:10 PM Bitcoin does not work because people do not trust to buy things with bitcoin. I have a site running now for 5 months selling precious metals, made plenty of sales with credit card, bank transfer, no problems but not a single bitcoin purchase! What is the point in bitcoin again? Bitcoin is good for hodling and hoping for Bitcoin to reach $10000. It is not meant to be spent and used as money. Also with Credit Card, you got good consumer protection. With Bitcoin you do not.

on: September 23, 2015, 12:21:59 PM

Quote from: johnyj on September 23, 2015, 08:45:48 AM Quote from: LiteCoinGuy on September 23, 2015, 08:36:50 AM https://de.reddit.com/r/Bitcoin/comments/3m0zp5/the_8_most_informative_comments_about_21incs/ https://www.reddit.com/r/Bitcoin/comments/3lv6zj/ama_request_ceo_of_21inc_balaji_srinivasan/cv9zq9q That's a good point: Machines convert electricity into bitcoins and pay for services Yes. Soon your fridge will mine Bitcoins and order free food for you.

on: September 22, 2015, 06:36:43 PM

Quote from: Sine(X) on September 22, 2015, 06:34:12 PM The price is absolutely incompetitive. Chinese will make it (if this product is good ) much cheaper - so where is a profit? To my mind it's a great laundering of money, my condolences for investors. If you want you can make it yourself for $250. 1. Raspberry Pi 2: $35 2. 128 GB memory card: $75.95 3. Raspberry Pi B+ Power Supply: $6.99 4. Raspberry Pi WIFI Adapter: $8.56 5. Raspberry Pi Cooling Fan: $7.99 6. USB to TTL Serial Cable: $9.95 7. Heat sink: $10 8. 125 gh/s USB miner: $93 The total cost of these components is $247.44.

on: September 22, 2015, 06:08:16 PM

Quote from: brg444 on September 22, 2015, 04:48:09 PM I thought this article did a good job of explaining what these could be... https://medium.com/@21dotco/a-bitcoin-miner-in-every-device-and-in-every-hand-e315b40f2821 So my toaster will draw 50W in standby mining 0.00003BTC a month? Highlarious!!!

on: September 22, 2015, 06:01:29 PM

1. Raspberry Pi 2: $35 2. 128 GB memory card: $75.95 3. Raspberry Pi B+ Power Supply: $6.99 4. Raspberry Pi WIFI Adapter: $8.56 5. Raspberry Pi Cooling Fan: $7.99 6. USB to TTL Serial Cable: $9.95 7. Heat sink: $10 8. 125 gh/s USB miner: $93 The total cost of these components is $247.44.

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