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Author Topic: Bitfury - Mining Lighbulb  (Read 15030 times)
notlist3d
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September 07, 2015, 04:39:55 PM
 #201

In case anybody haven't seen yet, we have published extensive research on block size increase: http://www.bitfury.org/white-papers-research
I did Smiley  Did you (BitFury Group) read all the feedback in the Reddit thread - regarding your research - that gained some traction in terms of developers' eyes?
https://www.reddit.com/r/Bitcoin/comments/3j7nhd/bitfury_report_on_block_size_increase/

( and... lightbulb? Cheesy )

Yes, we have read comments of Bitcoin developers and find them quite informative. We are glad our research paper gained interest in the Bitcoin community. Keep an eye out for our new researches!

Can you say any new news on the lightbulb?   It seemed the prototypes looked like pretty finished.   Can we still expect to see them out in public?

If so any timeline?
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BitFury Group
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September 08, 2015, 07:37:43 AM
 #202

In case anybody haven't seen yet, we have published extensive research on block size increase: http://www.bitfury.org/white-papers-research
I did Smiley  Did you (BitFury Group) read all the feedback in the Reddit thread - regarding your research - that gained some traction in terms of developers' eyes?
https://www.reddit.com/r/Bitcoin/comments/3j7nhd/bitfury_report_on_block_size_increase/

( and... lightbulb? Cheesy )

Yes, we have read comments of Bitcoin developers and find them quite informative. We are glad our research paper gained interest in the Bitcoin community. Keep an eye out for our new researches!

Can you say any new news on the lightbulb?   It seemed the prototypes looked like pretty finished.   Can we still expect to see them out in public?

If so any timeline?

It takes quite a bit of work to take it from production prototype to actual mass production unit. And then there's regulation that requires FCC, CE etc testing and verification that the final product still needs to pass. So timelines are not completely dependent on us, and we would rather not commit to any date we can't keep for sure.
dogie
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September 08, 2015, 12:08:46 PM
 #203

In case anybody haven't seen yet, we have published extensive research on block size increase: http://www.bitfury.org/white-papers-research
I did Smiley  Did you (BitFury Group) read all the feedback in the Reddit thread - regarding your research - that gained some traction in terms of developers' eyes?
https://www.reddit.com/r/Bitcoin/comments/3j7nhd/bitfury_report_on_block_size_increase/

( and... lightbulb? Cheesy )

Yes, we have read comments of Bitcoin developers and find them quite informative. We are glad our research paper gained interest in the Bitcoin community. Keep an eye out for our new researches!

Can you say any new news on the lightbulb?   It seemed the prototypes looked like pretty finished.   Can we still expect to see them out in public?

If so any timeline?

It takes quite a bit of work to take it from production prototype to actual mass production unit. And then there's regulation that requires FCC, CE etc testing and verification that the final product still needs to pass. So timelines are not completely dependent on us, and we would rather not commit to any date we can't keep for sure.

Speaking generally then, do you think we'll see anything this calendar year?

BitFury Group
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September 14, 2015, 08:06:41 AM
 #204

We have published new research on the topic "Proof of Stake vs Proof of Work": http://bitfury.org/white-papers-research
You are welcome to read and comment this paper here: https://bitcointalk.org/index.php?topic=896350.80
kingcolex
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September 14, 2015, 02:53:06 PM
 #205

In case anybody haven't seen yet, we have published extensive research on block size increase: http://www.bitfury.org/white-papers-research
I did Smiley  Did you (BitFury Group) read all the feedback in the Reddit thread - regarding your research - that gained some traction in terms of developers' eyes?
https://www.reddit.com/r/Bitcoin/comments/3j7nhd/bitfury_report_on_block_size_increase/

( and... lightbulb? Cheesy )

Yes, we have read comments of Bitcoin developers and find them quite informative. We are glad our research paper gained interest in the Bitcoin community. Keep an eye out for our new researches!

Can you say any new news on the lightbulb?   It seemed the prototypes looked like pretty finished.   Can we still expect to see them out in public?

If so any timeline?

It takes quite a bit of work to take it from production prototype to actual mass production unit. And then there's regulation that requires FCC, CE etc testing and verification that the final product still needs to pass. So timelines are not completely dependent on us, and we would rather not commit to any date we can't keep for sure.

Speaking generally then, do you think we'll see anything this calendar year?
I don't think were going to get an answer as this year is getting close with only 2 and a half months left in the calendar year.














 

 

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alh
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September 14, 2015, 04:02:09 PM
 #206

Personally, I count 3.5 months. I agree it doesn't seem that BitFury is in any hurry to actually sell a "Mining Lightbulb".

Maybe they came to their senses?  Smiley
Biodom
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September 14, 2015, 04:34:30 PM
 #207

Personally, I count 3.5 months. I agree it doesn't seem that BitFury is in any hurry to actually sell a "Mining Lightbulb".

Maybe they came to their senses?  Smiley

21inc will present something on cisco forum on Sept 22.
Competitive mining bulb/router/appliance?
kingcolex
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September 14, 2015, 04:53:27 PM
 #208

Personally, I count 3.5 months. I agree it doesn't seem that BitFury is in any hurry to actually sell a "Mining Lightbulb".

Maybe they came to their senses?  Smiley

21inc will present something on cisco forum on Sept 22.
Competitive mining bulb/router/appliance?
Hmmm, sounds like it could be interesting, they do have something as they have a large part of the mining percentage.














 

 

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RichBC
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September 14, 2015, 05:35:42 PM
 #209

Personally, I count 3.5 months. I agree it doesn't seem that BitFury is in any hurry to actually sell a "Mining Lightbulb".

Maybe they came to their senses?  Smiley

Perhaps they have realised that by releasing the Lightbulb they would also be opening up to scrutiny their ASIC which so far they have been very careful to hide any info on from the general publc.  Smiley

Rich

→→→→→→→→→→→→→→→→→→ 💰 Hard-Disk Mineable Cryptocurrency !! B U R S T C O I N 💰 Cheap Price & Easy to Invest - CHECK IT OUT NOW! !! →→→→→→→→→→→→→→→→→→ 💰 Asset exchange, Automatic transactions, Escrow system & More !!
notlist3d
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September 14, 2015, 08:46:23 PM
 #210

Personally, I count 3.5 months. I agree it doesn't seem that BitFury is in any hurry to actually sell a "Mining Lightbulb".

Maybe they came to their senses?  Smiley

Perhaps they have realised that by releasing the Lightbulb they would also be opening up to scrutiny their ASIC which so far they have been very careful to hide any info on from the general publc.  Smiley

Rich

It would be surprising for them to make a public product.  But they claimed they would be doing it, and I think each of these would be high profit margin items (ie price jacked up).

I still say I would buy one even at a high rate to have a mining lightbulb.  So I hope they release it.
TheRealSteve
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September 25, 2015, 07:04:43 PM
 #211


KnC's rise has stalled, BitFury's on a slight decline, but they did once again mention their expansion plans.

alh
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September 25, 2015, 07:34:41 PM
 #212

Personally, I count 3.5 months. I agree it doesn't seem that BitFury is in any hurry to actually sell a "Mining Lightbulb".

Maybe they came to their senses?  Smiley

21inc will present something on cisco forum on Sept 22.
Competitive mining bulb/router/appliance?

As a follow up, was there anything about 21 Inc. on the Cisco Forum (September 22). I assume it was the "$400 Bitcoin Computer" and nothing else? Anything more substantial than they have on the website?
Searing
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September 26, 2015, 06:08:33 AM
 #213

Personally, I count 3.5 months. I agree it doesn't seem that BitFury is in any hurry to actually sell a "Mining Lightbulb".

Maybe they came to their senses?  Smiley

21inc will present something on cisco forum on Sept 22.
Competitive mining bulb/router/appliance?

As a follow up, was there anything about 21 Inc. on the Cisco Forum (September 22). I assume it was the "$400 Bitcoin Computer" and nothing else? Anything more substantial than they have on the website?


if it was just a gimmick imho to show the IPO folk who invested 121 million with 21 and show a product

no DEV is gonna pay 400 bucks for a device when he can just build his own to make an app

it is a brilliant play off the BFL scam..get a lot of IPO bucks show a product ..thus you can't be sued for not providing the goods (lame thou they may be)

if 21 imho was really serious about development and such a device they would have open sourced the works ..up to a point I guess they could and just show
devs how to use make this on a pi or laptop or anything

the hardware limitation shows they just don't think it will fly on its own..whatever bells and whistles are in their 400 buck pi

so if they want devs good luck...most devs will see right thru this and certainly will not buy a pi for 400 bucks with some gimmicky software etc

but hey it probably keeps the IPO $$$ coming in which is the real plan imho Smiley















 

 

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RealMalatesta
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November 27, 2015, 08:49:50 AM
 #214

Although I initially saw the lightbulb as a gimmick, I read now some documents regarding Lifi. If there would be a combination of an ASIC with an Lifi-device, I think this could boost. In shopping-malls, for example, are thousands of lamps, i.e. this would mean that you would be mining during business times. So after all, I think this could become a very interesting project.
RichBC
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November 27, 2015, 09:02:12 AM
 #215

Although I initially saw the lightbulb as a gimmick, I read now some documents regarding Lifi. If there would be a combination of an ASIC with an Lifi-device, I think this could boost. In shopping-malls, for example, are thousands of lamps, i.e. this would mean that you would be mining during business times. So after all, I think this could become a very interesting project.

I would buy one as something to take apart and have a play with. Smiley Worth it for that alone to have a look at and make some measurements on a Bitfury chip. The Antmoiner R1 has so far proved to be very good value for money, and even pays for the electricity it's using if you clock it up a bit.

https://bitcointalk.org/index.php?topic=1196852.msg13077334#msg13077334

Question is if and when we are going to see this lightbulb?



Rich

→→→→→→→→→→→→→→→→→→ 💰 Hard-Disk Mineable Cryptocurrency !! B U R S T C O I N 💰 Cheap Price & Easy to Invest - CHECK IT OUT NOW! !! →→→→→→→→→→→→→→→→→→ 💰 Asset exchange, Automatic transactions, Escrow system & More !!
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November 28, 2015, 02:42:37 AM
 #216

Although I initially saw the lightbulb as a gimmick, I read now some documents regarding Lifi. If there would be a combination of an ASIC with an Lifi-device, I think this could boost. In shopping-malls, for example, are thousands of lamps, i.e. this would mean that you would be mining during business times. So after all, I think this could become a very interesting project.

why would you install hundreds of wifi/lifi-dependent lightbulbs when you could use the 'normal' kind and instead buy a dedicated multi-terrahash bitcoin miner?

24" PCI-E cables with 16AWG wires and stripped ends - great for server PSU mods, best prices https://bitcointalk.org/index.php?topic=563461
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November 29, 2015, 02:19:49 AM
 #217

Although I initially saw the lightbulb as a gimmick, I read now some documents regarding Lifi. If there would be a combination of an ASIC with an Lifi-device, I think this could boost. In shopping-malls, for example, are thousands of lamps, i.e. this would mean that you would be mining during business times. So after all, I think this could become a very interesting project.

why would you install hundreds of wifi/lifi-dependent lightbulbs when you could use the 'normal' kind and instead buy a dedicated multi-terrahash bitcoin miner?

Think Walmart they run thousands of light bulbs in their stores.

Think supermarkets.

Think department stores.

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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November 29, 2015, 05:51:03 AM
 #218

Although I initially saw the lightbulb as a gimmick, I read now some documents regarding Lifi. If there would be a combination of an ASIC with an Lifi-device, I think this could boost. In shopping-malls, for example, are thousands of lamps, i.e. this would mean that you would be mining during business times. So after all, I think this could become a very interesting project.

why would you install hundreds of wifi/lifi-dependent lightbulbs when you could use the 'normal' kind and instead buy a dedicated multi-terrahash bitcoin miner?

Think Walmart they run thousands of light bulbs in their stores.

Think supermarkets.

Think department stores.

Just because all these places happen to have light bulbs in them, does not change the simple facts of economics.  Putting mining chips in a lightbulb is not even remotely as cost-efficient as building dedicated miners (which have slim enough margins themselves these days), plain and simple.  

Why in the world would an intelligent company choose to replace for example their $1 light bulbs with $50 "mining" bulbs, which will earn back maybe net $20 in their lifetime?  Having a chip in them does not make the light bulb more efficient, and it makes zero fiscal sense.  If they were in the business to mine bitcoin, they sure as shit wouldn't be doing it via lightbulbs...

Can anyone give me a rational explanation of why a large company would put these lightbulbs in their stores instead of ordinary light bulbs, from a cost and reward point of view.

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November 29, 2015, 06:49:52 AM
 #219

But just think, when the light bulb part fails for whatever reason, you get to throw the whole thing away. That includes the mining chip that you paid for.  Smiley

I am with Finsky on this. These gadgets which combine mining with an unrelated function will do nothing of use for the purchaser. This also completely ignores the network infrastructure required to support hundreds of mining light bulbs in the store. It works to sell to 2-3 to the "Bitcoin Enthusiast" where two more WiFi gadgets don't matter. It's another thing entirely when there needs to be a 2nd private network once your WiFi environment balloons due to the mining light bulbs.
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November 29, 2015, 11:34:18 AM
 #220

The only way Bitmain will sell a significant number of light bulbs is if they manage to get them down close to the cost of "conventional" light bulbs with similar capabilities - which pretty much means they HAVE to compete with "smart" bulbs or their hardware cost to make the things is gonna kill them.

 That's STILL going to limit their market quite a bit, most folks have ZERO interest in "smart light bulbs", but some folks like to play with the programability stuff.

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