Bitfury - Mining Lighbulb

[TheRealSteve]

That mean that a lightbulb could be pretty good. 

Kuna never did end up reviewing one, as far as I can tell, and bitlamp.club isn't exactly seeing much activity.  Who knows if they still plan to bring it to market.

[BitFury Group]

In case anybody haven't seen yet, we have published extensive research on block size increase: http://www.bitfury.org/white-papers-research

[TheRealSteve]

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   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? )

[BitFury Group]

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   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? )

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!

[notlist3d]

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   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? )

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?

[BitFury Group]

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   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? )

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]

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   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? )

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]

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

[alh]

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? 

[Biodom]

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?  

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

[RichBC]

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? 

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.  

Rich

[notlist3d]

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? 

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.  

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]

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

[alh]

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?  

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]

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?  

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

[RealMalatesta]

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]

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. 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

[klondike_bar]

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?

[philipma1957]

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.

[Finksy]

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.