https://medium.com/@21dotco/a-bitcoin-miner-in-every-device-and-in-every-hand-e315b40f2821

Will it fly ?

It seems like a article just to get them publicity.  We are so far from in every hand, we need a lot more exposure.

And in every device just will never happen.  Some devices would be great other devices make no sense.  Like something you want longer battery life on... you would not put a miner in it.

And another thing on phones and laptops is battery life.  If it mines when your not using it think of wifi, processor, ram, etc that would be running during off time.

I just don't see this for most products.   Water heater, space heater, etc. Yes very easily could do.  I just think this company keeps putting these out to get looked at.  And possibly trying to get more investors.  They can't believe all that they say even.

Sure they could put bigger batteries.  But most likely having a miner in your pocket all day does not seem like ideal product.

Do you honestly believe every device makes sense being a miner?

well again from this link

http://www.coindesk.com/21-inc-confirms-plans-bitcoin-distribution/


it has this cryptic remark

guote

Chief among these would be the existing operators of large-scale data centers who Srinivasan said could benefit from integration of BitShare chips into their operations. 21 Inc had previously been involved in talks with companies including Advanced Micro Devices (AMD), Comcast and Intel to embed the chips.

"This means any vendor can take a chip performing a normal function (say video decoding or networking), add 21’s BitShare technology and thereby enable the chip to continuously generate revenue simply by being connected to power and Internet," Srinivasan said.


unquote


so if it is an added value "preforming a valid function" ..it would be like mining at a CPU level...very very little in the way of mining but with so many chips using such it would add up

also ..I read when they were 'speculating' a few weeks ago that circle 21 was gonna do something like this on the notion of giving 'products away' say a toaster that mines bitcoin..cirlce 21 would get 75% of the coin and consumer would get 25% ...of this meager amount ....even if that is just press fud from 2 weeks ago...the notion that circle 21 could get even say 20% of all action as an added value in ALL....  say AMD graphic cards..even at a mining rate that would do little if any to effect the card..as imho the above quote seems to imply...same for cell phones..you take a bit before the issue of heat and the rest comes into play..you mine w/o the negative effects coming into play....the distribution would have to be huge to pull this off and again you'd have to take a bit of the action on each chip or setup or whatever .....to pull off any profit at least in the short term

now if you drank the kool aid and you feel btc is gonna go to 1k to 10k again and you believe the 'Internet of everything is coming" this seems more doable

but right now ..i can't figure out the 'fuzzy logic' on how the heck you would get enough folk to get this moving and off the ground at the current BTC price level


whatever what I got from the quote above wrong thou I may be on my 'suppositions" .that the quote above is correct and the bitcoin addition to mining above would not effect
the normal operation of the chips in question ..a big if imho

I agree ...just from the wording in my previous post on "normal" assuming it means what I think it means ..just enough pop to mine a cell phone at a really really minuscule level and not really effect the cellphone in heat etc or electric use or battery drain...man we are talking really really really puny infinitesimal returns....dust of dust of dust ..sheesh..


assuming that IS possible ...wtf..how are you ever gonna get it into everything at that small a return..even if you took a piece of the action on each chip to get it off the ground..especially at these price levels? again ..do they know something we don't like 5k btc is just around the corner? (I wish!)

I mean such a minuscule drain on a device like a thermocouple on a water heater or some such..hey i can see it ...wasted heat converted to electric for your very very puny return

but an Internet link on such? ..again you have to have the "Internet of everything" HERE BY THE END OF THE WEEK!...almost in play first to get enough economy of scale  to even think about pulling this off imho and at todays price range ..just can't see it

and as to your point.....there is always heat/electric use cell phone or whatever even if you fine tune it very very low...but again doing that again imho you almost have to have a hell of a lot inbedded devices already ..the "Internet of everything" is here already! ..to just get this off the ground!

man just can't see how it is feasable on your point and on my point (then again I'm not too bright at one time i did drink the BFL kool aid ...got a refund but still...best to keep in mind)

Just thinking about this a little more. It seems to me just about wherever they target an ASIC, it will always be more efficient and cost effective to construct a specialized mining device using that particular ASIC.

If they produce a "high power, high speed ASIC", then they can't jam it into a cell phone, or anything but a high power device (e.g. some kind of heating "appliance").  If they produce a miniscule power device (and corresponding hash rate), why not construct a miner with a ton of them inside? They can't be hard too cool or to power since they were targeted for some thing else. Wouldn't it be more economical to build circuit boards with a bunch of those ASIC's on each? I just don't see the economy of attaching it to some other unrelated device for the purposes of mining or "Transaction Verification Processing" if you wish to think of it that way.

I am just not seeing any compelling advantage to making Bitcoin mining an adjunct to an "Internet of Thing" device? Is there something besides being "cool"?

Can anyone explain how they made money off IPO with information like these articles?   Do investors not care? Or did they not understand to invest with these guys?

How much does bitcoin have to be worth at what network difficulty for the math to work for, lets say, a .07w/ghs 16nm finfet device ?

So making one post as a hero member with a signature campaign makes you more than 10 days of full time mining on a phone?

No thanks, I'll pass.