Bitfury light bulb mining

[LiteCoinGuy]

According to coindesk 21 is trying to build a light bulb which is mining...

What do u think about that?

i guess this was just a joke or just a demonstration that this kind of stuff is possible (but it makes no sense)

[Amph]

How the hell would u put network connectivity in a lightbulb?!

Wifi chips maybe? That's an example of it;

Yeah, sure, but how do u admin it and tell it to hook up to a network? LOL

wifi connection embedded in that chip maybe, i can't think of something else

[GenTarkin]

How the hell would u put network connectivity in a lightbulb?!

Wifi chips maybe? That's an example of it;
http://www.wired.com/wp-content/uploads/blogs/wiredenterprise/wp-content/uploads//2012/02/Rosepoint12.jpg

Yeah, sure, but how do u admin it and tell it to hook up to a network? LOL

How are current asics connected to network?
For instance Antminer S5 can be connected to network via wifi.

Or think about smartphone it can connect to your wifi router right?

Um current miners are hooked up to network by first configuring wifi through a physical interface....

[Gleb Gamow]

Mining produces heat, not light. As such 21 Inc.'s efforts only make sense in appliances that are supposed to provide heat intentionally - and on a regular/long term basis. Space heaters and water heaters are obvious examples. I can't imagine something like a toaster or electric oven receiving enough use to justify putting ASICs into them.

As far as light bulbs go, it's a ridiculous rumor. I'm trying to reduce the heat produced by lights in my house, not add to it. Even in winter, producing heat up at the ceiling has very little value.

Actually, the toaster is the best option because it's seldom used. When not in used, it's mining bitcoins. When you want toast, it converts to a conventional toaster, converting back to mining once the toast is done.

Same true for mom's vibrator, albeit that appliance sees more use than the toaster, but still. My only question is do you hook up the vibrator and toaster in parallel or in series to maximize hashing power? It's a given that both should be kept in a private drawer in the bedroom oppose to being on the kitchen counter in case neighbors stop by, thus shunning you for mining bitcoins.

[ebliever]

Actually, the toaster is the best option because it's seldom used. When not in used, it's mining bitcoins. When you want toast, it converts to a conventional toaster, converting back to mining once the toast is done.

No. Toaster is a terrible option unless you live within the Arctic circle and want it producing heat all day long. And it wouldn't be converting from mining to toasting -  it would only be mining when it is toasting as the heat would be a byproduct of the mining ASICs operation. It would make absolutely no sense to configure the toaster with conventional heating coils and ASICs, that would be redundant so far as the heat is concerned.

Now that I think about it, ASICs would not be able to produce sufficient heat to function as a toaster anyway, unless they were a completely novel heat-tolerant design I'm unfamiliar with. They could warm bread, but not toast it. So that rules out appliances like ovens and toasters or anything else that needs to be heated beyond, say, 300 F.

[Kprawn]

This is going to be one of the most expensive light bulbs out there...  By the time you reach ROI the light would have reached End of life.

I think the goal of this device will not be to make MONEY but rather to secure the Bitcoin network. The difficulty is just too high and the price too low for people to make profit from this.

It will be a Bitcoin Gadget for Bitcoin freaks like us... One of those MUST HAVE items you will brag with to your friends and guests. 

[BlackJacky]

I dont think that it will only be a gadget for us bitcoin freaks. There is too much money invested to do something just for fun. These people try to make bitcoin more mainstream. Like 21 CEO said, they want to close the loop of the BTC economy...consumer earns bitcoins and spend bitcoins...

[NorrisK]

I dont think that it will only be a gadget for us bitcoin freaks. There is too much money invested to do something just for fun. These people try to make bitcoin more mainstream. Like 21 CEO said, they want to close the loop of the BTC economy...consumer earns bitcoins and spend bitcoins...

and by making this type of stuff they confirm the power hungryness of bitcoin to the general public.. Really smart!

[Amph]

on another note, those devices must come with a bigger price than a normal devices, so you also need to make roi on them, i still think this project is born half dead, i can't see how it can help casual miners with these premises

[Slark]

This project started as an experiment. Bitfury realize that Mining Light Bulb is not exactly stuff professional miners will acquire. It is just something to show people that mining bitcoin can be achieved with something else that standard hardware. I guess they will never win market with that because professional miners won't buy it and casuals maybe buy 1 piece for fun. IMO waste of effort, they can do it, but the question is why?

[mammon]

This is a great project!

Nice to see the development of mining chips wich can be used in all kinds of small electronics.
With the next upcoming gen 0,2W\GH, this could mean 2W for 10GH.
I call this a nice thing, and it's an ideal way to get the attention from the mass.

But the arrogance of some senior+ members, who really think they know just everything, and
"know" upfront this will be a failure. That's something I really don't get...

Open your mind for what other people have to say, and offer.
If not....   WTF your doing here??

[NorrisK]

This is a great project!

Nice to see the development of mining chips wich can be used in all kinds of small electronics.
With the next upcoming gen 0,2W\GH, this could mean 2W for 10GH.
I call this a nice thing, and it's an ideal way to get the attention from the mass.

But the arrogance of some senior+ members, who really think they know just everything, and
"know" upfront this will be a failure. That's something I really don't get...

Open your mind for what other people have to say, and offer.
If not....   WTF your doing here??

You have to stay realistic when coming up with ideas. All lamp research is focused on reducing power usage, while maintaining other good lamp properties like color and intensity.

Now some company wants you to start using more power in them again? Just imagine the power waste if all lamps on the world use 2w more...

[subSTRATA]

Probably something that will be expensive and will mine 1 satoshi per hour.
Another waste of energy.

agreed, there isnt enough space in a lightbulb to install both mining hardware and network connection for it to be viable. The energy costs will be ridiculous and the BTC return will be next to nothing.

[LiteCoinGuy]

According to coindesk 21 is trying to build a light bulb which is mining...

What do u think about that?

i guess this was just a joke or just a demonstration that this kind of stuff is possible (but it makes no sense)

okay....no joke  

but when its cheap, i would buy one. just for fun!

[bullpup]

How the hell would u put network connectivity in a lightbulb?!

Wifi chips maybe? That's an example of it;
http://www.wired.com/wp-content/uploads/blogs/wiredenterprise/wp-content/uploads//2012/02/Rosepoint12.jpg

that is a cpu not a wifi chip

[itsAj]

Bitcoin needs something interesting like this not everyone really cares about the technology so it can be a simple way of getting people involved in the technology.

[Gleb Gamow]

Meet the Bitfury bitcoin mining farm.