Fair enough.
Has anyone seen anything related to their "USB Charging Hub", mentioned for the first quarter of 2015. I didn't get anywhere with their website, which seemed to require an Email address which I was unwilling to provide.
Dunno about that but Guy (CEO@Spondoolies) mentioned in another thread that he was familiar with their plans but couldn't comment because he was under a NDA, other than to say that it wasn't a game changer.
So there are a few important questions about what they're planning to do that we should be able to figure out with our collective knowledge of how bitcoin works etc.
1) What is the likely hash power of a device embedded in a USB hub, router, desk top box or other similar device ?
2) How many are they likely to deploy and what is their likely aggregate hash power ?
3) How much will this increase difficulty and what is the likely impact on bitcoin prices ?
4) If these devices mine at a loss due to the aggregate increase in network hash power and anticipated bitcoin price trends, what other revenue streams could 21 Inc. hope to generate to make the business profitable ?
5) Do 21 Inc or any of their investors currently hold large amounts of bitcoin and could their business plan be to increase the value of these holdings by facilitating more widespread adoption of bitcoin ?
6) If 21 Inc claim that they can get the cost of mining a bitcoin to the ~ USD 7+ range, what does that imply for their cost of goods for adding mining capability to a usb hub, router or other retail device ?
7) what does it imply for the hash power of the device ?
9) what does it imply about their assumptions wrt network growth and bitcoin price trends ?
10) In general, what needs to be true for 21 Inc. plans to succeed ?
Seriously, what kind of specs would this chip need to actually be profitable as a miner in a retail environment at current bitcoin prices and when deployed in quantities of tens of millions, given the obvious effect on difficulty ?