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Author Topic: 21 co introducing bitcoin [mining+] computer for $399.99 (unofficial thread)  (Read 4834 times)
bitsolutions
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September 22, 2015, 07:21:58 PM
 #61

Isn't Raspberry PI 2 + Sidehack's 1384 dongle is essentially the same for quarter of the price ?
I think the U3 would be about the cheapest in terms of $/GH but Sidehack's is more efficient.

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September 22, 2015, 09:24:32 PM
 #62

Isn't Raspberry PI 2 + Sidehack's 1384 dongle is essentially the same for quarter of the price ?
If one were to add the software and backend ecosystem (however that pans out, exactly), yes.

Not sure if this is the thread I've mentioned it in, but I can see what they're trying to do - and while $400 is steep, I think we all know there's plenty of people who want to try to be at the forefront of [whatever] where $400 for a business is a pretty low expense compared to rent, insurance, payroll, etc.  I know I could easily convince my boss to get one.

The mining aspect, though?  Even with all the reasons given by people who seem like they're trying to position themselves as 21, Inc. mouthpieces (I'll await the Reddit AMA / verified social media outlets for some official statements) I don't think it makes any sense, certainly not in the form it's in.  Not now, not next year (hello halving), and not a few years down the road.  If the issue really were about trying to get a few satoshi into people's hands to start things off with, begging for some on reddit, posting a silly picture with a QR code, hitting a faucet or partaking in a sig campaign (ew) would do the job without adding an expensive component that requires active cooling and bulks the device up (I guess VC money aplenty for warehousing and shipping) unnecessarily.

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September 22, 2015, 10:19:44 PM
 #63

few points:

1. this is not a miner, most and foremost upon further reading.
2. I detect some jealousy from the SPT. Yeah, 0.16 is not great. Looking forward to something better than 0.16 from you at a stable/stablish price, otherwise this is just academic.
3. Miners that are only mining, then selling their coin do not make a ecosystem with a balance of buys and sells, hence the relentless price decrease in the last 22 mo.
4. This computer MIGHT provide an impetus for the development of services, which for me as a bitcoin supporter would be a good thing.
5. Obviously, $400 price is a bit steep for individuals, but maybe OK for somebody. Of course, around $200 would be much better (See #6).
6. somebody posted that the sum of parts for it is ~$250. In order to encourage use, they should sell it at cost initially.
https://bitcointalk.org/index.php?topic=1186115.msg12494550#msg12494550
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September 22, 2015, 10:28:41 PM
 #64

.......

As usual, you are very well informed, Guy!  Wink

To be fair, with 0.16 J/GH this would be the most efficient chip in the wild so far.
The 0.6V BM1384 value is just quadratic extrapolations of the 0.66V value. Try it, it fits perfectly. IMHO too perfect for a measured value.

Anyway, 21 really screwed it up with the GH/mm2 value. In best case they have here about 2 GH/mm2 (for sure not with 0.16 J/GH). This is a good GH/mm2 value for 28nm, but for 22nm it should be 3 ... 4 GH/mm2. Otherwise this chip will be simply too expensive in production to be competitive for standard miners.



You have got to stop thinking about conventional economics here. The IoT bandwagon is impervious to conventional economic considerations. After all, folks are going to just be so happy to pay an extra $25 for their light bulb, it doesn't matter if the ASIC price is a little high. The fact that it's going to be part of the IoT relieves it from those pesky metrics.

If it's connected to the Internet, it MUST be great!!!  Smiley Smiley Smiley

Isn't Raspberry PI 2 + Sidehack's 1384 dongle is essentially the same for quarter of the price ?

Observe: this is the type of product philosophy that is likely to put you in a position to have to fire-sale your company and dilute yourself off of your own cap table.
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September 22, 2015, 10:54:55 PM
 #65

It seems pretty spendy for what it is... but then again we dont even know its full capability regarding software and whatnot.

I sure hope the R1 is around $100
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September 22, 2015, 11:59:00 PM
 #66

Personally I am just happy to have Spondoolies "surface" again and resume communication. Clearly they didn't say the right words or prepare the right kind of PowerPoint slide to extract $116M from the VC guys in California. Probably not the worst thing that could happen to them (IMHO).
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September 23, 2015, 12:14:53 AM
 #67

Personally I am just happy to have Spondoolies "surface" again and resume communication. Clearly they didn't say the right words or prepare the right kind of PowerPoint slide to extract $116M from the VC guys in California.

me too, actually. i always felt that it was not good for anybody that they kind of disappear for a while. it remains to be seen if they will engage the retail again.
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September 23, 2015, 12:18:19 AM
 #68

It seems pretty spendy for what it is... but then again we dont even know its full capability regarding software and whatnot.

I sure hope the R1 is around $100

Sidehacks Compac - 25
Tplink nano -30 (20 some places).

So I hope they are between the 50-75 mark.   There is nothing revolutionary with R1 just a travel router that mines.   So I hope closer to 50 mark. 

But likely they will have priced up some.   But not near the 400, then again I dont think R1 will get near speed of this 21 device.
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September 23, 2015, 12:26:51 AM
 #69

Personally I am just happy to have Spondoolies "surface" again and resume communication. Clearly they didn't say the right words or prepare the right kind of PowerPoint slide to extract $116M from the VC guys in California. Probably not the worst thing that could happen to them (IMHO).

It's probably a compliment to the way SPT does business that they didn't get buckets of the California VC money, if the California VC money are looking to sponsor stuff like what 21 is pushing. I may disagree with a lot of SPT's engineering decisions, but from a business standpoint at least the function of their product line isn't ridiculous, useless or both.

Got a new 28-90GH stick miner!
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Server PSU interface boards and cables. USB and small-scale miners. Hardware hosting, advice and odd-jobs. Supporting the home miner community since 2013 - http://www.gekkoscience.com
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September 23, 2015, 05:43:53 AM
 #70

Isn't Raspberry PI 2 + Sidehack's 1384 dongle is essentially the same for quarter of the price ?
If one were to add the software and backend ecosystem (however that pans out, exactly), yes.
...
Let's wait and see. For software and backend ecosystem to succeed, the client side should be open source, so ...

Read the last paragraph here:
https://www.zapchain.com/a/l/marketing-bitcoin-to-the-masses-selling-21-on-ignorance/GZqWqHBNoD

Spondoolies is back with the SPx36: https://www.spondoolies-tech.com/products/spx36
New Mimblewimble implementation: https://www.beam-mw.com/
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September 23, 2015, 08:07:16 AM
 #71

In case of any doubt about 21's intentions, they, and their investors couldn't care less about whether or not this development boards sells 1 or a million units, the end game is to generate enough public interest for an IPO which will probably be priced at about $25 + billion (at least to the sheep that will doubtlessly buy shares in it).

They can claim they have sold 100,000 boards to developers. Who will know? They'll get plenty of hangers-on to publicly declare their support for the project and the idea of micropayments for digital services.

Once they get their hands on a couple of billion.....you can imagine what they might do.
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September 23, 2015, 01:13:19 PM
 #72

SPT resurfaces with a 110 TH SP-50 (only for some customers) machine...things are happening in bitcoin
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September 24, 2015, 08:16:55 PM
 #73

Interesting things are coming but are they viable to the home miner?  Does this node come with free preinstalled spamware?
You know their investors only opted in on this venture if to only exploit their linked services they deem important in the road to Bitcoin's growth (I mean taking the ride on Bitcoin's success and profitablility).
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September 25, 2015, 08:59:00 AM
 #74

Does this 0.16w/Gh mean they have a real miner in the works, if this one cost 400 you can bet any thing that actually mines bitcoins and is for bitcoin mining they make is gonna cost, is this real ? .

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September 25, 2015, 09:01:29 AM
 #75

In case of any doubt about 21's intentions, they, and their investors couldn't care less about whether or not this development boards sells 1 or a million units, the end game is to generate enough public interest for an IPO which will probably be priced at about $25 + billion (at least to the sheep that will doubtlessly buy shares in it).

They can claim they have sold 100,000 boards to developers. Who will know? They'll get plenty of hangers-on to publicly declare their support for the project and the idea of micropayments for digital services.

Once they get their hands on a couple of billion.....you can imagine what they might do.


I can but i won't make it a list , will say KNC again maybe, lmao.or a honest type knc that sells to the public based in the US and the US needs more chip maker etc to drive down prices and set standard again like we use to a long time ago .That's not gonna happen either..

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September 25, 2015, 12:04:55 PM
 #76

OMG, I can't believe no one here has thought about this for 2 mins to think about this in a positive aspect & how its not a miner...

& its not an IOT device, Well not in a sense that i see but a paid for service..... ( I can already here u all saying?Huh? What the??? )

Isn't everyone rushing to get a Silk road / Ebay / Paypal service up & running??

https://openbazaar.org/

Anyone???

Think about this.....

BTC Fullnode + wallet + space for apps, My guess would be an ebay style marketplace & escrow.

Think about loading the service across endless nodes & paying them a small amount to run (Hence the small miner)

So Us$400 is entry to setup a distributed ebay style service & the miner is payback for running the service...

This would get the service setup & running on lots of ip addresses saving them $$$$ on running the servers themselves, Leaving them just to run the backend & escrow service...

I'm pissed i didn't think of this first & seems i'm not the sharpest tool in the shed why no one else here thought of it before me??


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September 25, 2015, 01:08:27 PM
 #77

OMG, I can't believe no one here has thought about this for 2 mins to think about this in a positive aspect & how its not a miner...

& its not an IOT device, Well not in a sense that i see but a paid for service..... ( I can already here u all saying?Huh? What the??? )

Isn't everyone rushing to get a Silk road / Ebay / Paypal service up & running??

https://openbazaar.org/

Anyone???

Think about this.....

BTC Fullnode + wallet + space for apps, My guess would be an ebay style marketplace & escrow.

Think about loading the service across endless nodes & paying them a small amount to run (Hence the small miner)

So Us$400 is entry to setup a distributed ebay style service & the miner is payback for running the service...

This would get the service setup & running on lots of ip addresses saving them $$$$ on running the servers themselves, Leaving them just to run the backend & escrow service...

I'm pissed i didn't think of this first & seems i'm not the sharpest tool in the shed why no one else here thought of it before me??


I don't know if it's sarcasm or not.
Anyway: https://bitseed.org/product/core/ + Sidehack USB miner.

Spondoolies is back with the SPx36: https://www.spondoolies-tech.com/products/spx36
New Mimblewimble implementation: https://www.beam-mw.com/
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September 26, 2015, 01:47:22 AM
 #78

I wasn't joking... Does anyone else not think this could be a possibility?

U dont get Us$100,000,000 in VC for nothing... How much is ebay worth??

$700,000,000, This could be an ebay killer....

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September 26, 2015, 06:54:58 AM
 #79

I wasn't joking... Does anyone else not think this could be a possibility?

U dont get Us$100,000,000 in VC for nothing... How much is ebay worth??

$700,000,000, This could be an ebay killer....

Did you mean Ebay or PayPal? I don't think either one has anything to fear from 21Inc. As long as 21Inc tries to march towards an IPO, the VC guys will be happy. The VC guys will get their money back if/when the company tries to go public, The rest is all a sideshow. Nothing says that the VC guys are perfect. They lose money all the time, but as long as they strike it big often enough, they are good. I am just happy it's the VC guys investing money instead of "pre-order customers".

It will be so interesting to revisit this 2-3 years.
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September 26, 2015, 07:13:04 AM
 #80

well my view is it is just to keep the millions given to them by newbie IPO money happy ..ie hey we have a product

a continuation of the BFL scam only they provided equipment (admittedly 400 buck pi but still)

so it is imho just a way to wave the flag and show they are doing something and get more IPO $$$


if this 400 buck pi device is for devs they are out of their mind no dev will get this when he can do his own thing on a pi or a laptop

if they were REALLY serious about this they would have released an open source developer package with some hopeful guidelines on
what they wanted to accomplish in ecommerce and the rest

the devs would  go cool ..grab the package and off they would go on their own laptop or pi to try and move their vision...that would have
gotten the most devs and the most hype imho

this is just a very lame attempt to 'please' the newbie IPO folk they are doing something .it is destined to failure imho Smiley















 

 

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