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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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Amph
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Activity: 3206
Merit: 1069
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May 26, 2015, 11:50:19 AM |
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their chip will be based on the future nm processing, they will be for sure less power hungry, and i suppose more efficient overall
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okae
Legendary
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Activity: 1401
Merit: 1008
northern exposure
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May 26, 2015, 12:05:00 PM |
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their chip will be based on the future nm processing, they will be for sure less power hungry, and i suppose more efficient overall
if thats true i cant imagine what is comming soon, i didnt know if this is a good or bad news  lets see whats happen... |
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Febo
Legendary
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Activity: 2730
Merit: 1288
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May 26, 2015, 01:02:41 PM |
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their chip will be based on the future nm processing, they will be for sure less power hungry, and i suppose more efficient overall
if thats true i cant imagine what is comming soon, i didnt know if this is a good or bad news lets see whats happen... Why would be bad news? If it will need less energy to make more hash power, that mean that Bitcoin network will be stronger for this price or will be cheaper for this strength. So only good things. |
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kolloh
Legendary
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Activity: 1736
Merit: 1023
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May 26, 2015, 01:08:31 PM |
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Yeah, I believe that more mining power can only be good for the bitcoin network. It will be interesting to see what becomes of these chips.
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BitmoreCoin
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May 26, 2015, 01:18:52 PM |
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It is only suitable for embedded into heat generation device such as heater. I would not let it run on my mobile phone.
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SpanishSoldier (OP)
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May 26, 2015, 01:38:20 PM |
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their chip will be based on the future nm processing, they will be for sure less power hungry, and i suppose more efficient overall
if thats true i cant imagine what is comming soon, i didnt know if this is a good or bad news lets see whats happen... Why would be bad news? If it will need less energy to make more hash power, that mean that Bitcoin network will be stronger for this price or will be cheaper for this strength. So only good things. That means price wont rise ? How come that be a good news ? |
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Bought
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May 26, 2015, 02:18:09 PM |
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their chip will be based on the future nm processing, they will be for sure less power hungry, and i suppose more efficient overall
if thats true i cant imagine what is comming soon, i didnt know if this is a good or bad news lets see whats happen... Why would be bad news? If it will need less energy to make more hash power, that mean that Bitcoin network will be stronger for this price or will be cheaper for this strength. So only good things. That means price wont rise ? How come that be a good news ? it is nothing to do with the price! It will make the outdated miner obsolete. Only the chip manufacturer will get a lot of profit! |
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philipma1957
Legendary
 Online
Activity: 4116
Merit: 7862
'The right to privacy matters'
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May 26, 2015, 02:24:19 PM |
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They will put a 1-2watt chip in every cable box.
When you do not have the cable on it will pull 1 watt and hash at 10 gh. when you turn the cable on it will pull 2 watts and hash at 20gh
It will be in every cable modem same idea..
Take the Cablevision Box now when turned off it pulls 4 -5 watts When running it pulls more.
I have 2 cablevision units and a Modem all of these run 24/7 . How many have them in the world?
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LiteCoinGuy
Legendary
Offline
Activity: 1148
Merit: 1010
In Satoshi I Trust
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May 26, 2015, 02:36:09 PM |
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their chip will be based on the future nm processing, they will be for sure less power hungry, and i suppose more efficient overall
they are working with AMD, Intel and Qualcomm. they will have a very efficient chip. |
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Klestin
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May 26, 2015, 02:36:18 PM |
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When you do not have the cable on it will pull 1 watt and hash at 10 gh. when you turn the cable on it will pull 2 watts and hash at 20gh 10 GH / watt at the wall seems rather unlikely. Even if they could manage a tripling of current efficiency, they still have to power the logic board and network connection. I'd be surprised if they could do 20GH with anything less than 10 watt incremental at the wall. |
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Amph
Legendary
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Activity: 3206
Merit: 1069
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May 26, 2015, 03:31:59 PM |
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They will put a 1-2watt chip in every cable box.
When you do not have the cable on it will pull 1 watt and hash at 10 gh. when you turn the cable on it will pull 2 watts and hash at 20gh
It will be in every cable modem same idea..
Take the Cablevision Box now when turned off it pulls 4 -5 watts When running it pulls more.
I have 2 cablevision units and a Modem all of these run 24/7 . How many have them in the world?
it is expected that you can control the wattage? i mean you can disactivate the mining operation and use your device only for the thing that is born to? or you are forced to mine everytime you fire it up? |
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dothebeats
Legendary
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Activity: 3640
Merit: 1352
Cashback 15%
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May 26, 2015, 03:35:36 PM |
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I have read several threads regarding the plan of 21 Inc. on putting embedded miners on some devices like your toaster and your oven, but how would that work, I haven't got any clue. The new proposed chips will be more efficient compared to what is already in the market. This could probably strengthen the network overall.
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philipma1957
Legendary
Online
Activity: 4116
Merit: 7862
'The right to privacy matters'
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May 26, 2015, 05:47:15 PM |
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I have read several threads regarding the plan of 21 Inc. on putting embedded miners on some devices like your toaster and your oven, but how would that work, I haven't got any clue. The new proposed chips will be more efficient compared to what is already in the market. This could probably strengthen the network overall.
electric dryer runs 65 minutes to 90 minutes uses more then 3000 watts . So lets say 4.4 kwatts per load or 132 kwatts a month or 13.20 usd a month. at 1 load a day. putting in gear here and letting the waste heat do work may allow for 2 hours of mining 1 kwatt each hour or if the gear does .2 watts it is like mining 5th for 2 hours may be workable may not. But the cable box pulls juice when idle 24/7/365 less chips less to notice. Only time will tell what they do. |
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Beefcake
Full Member
Offline
Activity: 279
Merit: 132
Beefcake!!!
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May 26, 2015, 05:53:20 PM |
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This sounds really interesting but I wonder how easy it will be to implement into current infrastructure. Does this mean every device will also have to have wireless capability? I would also be concerned about electricity usage, as mine is tiered so every little bit counts.
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dothebeats
Legendary
Offline
Activity: 3640
Merit: 1352
Cashback 15%
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May 26, 2015, 05:58:18 PM |
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I have read several threads regarding the plan of 21 Inc. on putting embedded miners on some devices like your toaster and your oven, but how would that work, I haven't got any clue. The new proposed chips will be more efficient compared to what is already in the market. This could probably strengthen the network overall.
electric dryer runs 65 minutes to 90 minutes uses more then 3000 watts . So lets say 4.4 kwatts per load or 132 kwatts a month or 13.20 usd a month. at 1 load a day. putting in gear here and letting the waste heat do work may allow for 2 hours of mining 1 kwatt each hour or if the gear does .2 watts it is like mining 5th for 2 hours may be workable may not. But the cable box pulls juice when idle 24/7/365 less chips less to notice. Only time will tell what they do. Because you pointed out the power consumption, how efficient would these embedded chips be? If the chips would only work on the side together with the wasted heat, how many hashes per second are we talking in here? |
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alch1mista
Sr. Member
Offline
Activity: 455
Merit: 251
blockchain longa, vita brevis
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May 26, 2015, 06:01:27 PM |
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Is a new arms race coming?
Also when they talk about embedded mining, do they mean mobile or what?
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Arguing that you don't care about the right to privacy because you have nothing to hide is no different than saying you don't care about free speech because you have nothing to say. |
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louise123
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May 27, 2015, 07:53:48 AM |
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their chip will be based on the future nm processing, they will be for sure less power hungry, and i suppose more efficient overall
if thats true i cant imagine what is comming soon, i didnt know if this is a good or bad news lets see whats happen... My guess would be that the Chinese will come out with better miners that do just that, MINE. Chances are that they will copy 21 Inc's technology and possibly even improve it. |
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NUFCrichard
Legendary
Offline
Activity: 1218
Merit: 1003
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May 27, 2015, 08:12:11 AM |
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I would guess that the miners from 21 inc would be more energy efficient and maybe able to store charge to continue mining when the device is turned off.
That wouldn't make them faster, but it would possibly make them better, and definitely better suited to what they need them for.
If they are faster, then others will very quickly adopt them and the difficulty will soar.
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