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Author Topic: How plausible is this invention?  (Read 1435 times)
patronis
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June 29, 2016, 05:37:34 AM
 #1

A friend and I were having a discussion about the use of every day household appliances that are becoming more advanced every day with USB, WiFi, etc. How plausible would it for house hold appliances such as washers, dryers, fridges, stoves, tvs, etc. to have an extension developed that enables Bitcoin mining?

While on that note, isn't there is plenty of energy used by a car such as heat or the rotation of the wheels that could be put towards powering a miner?

How does house hold electricity costs factor into all of this?

Thank you for your enlightenment.
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June 29, 2016, 06:14:27 AM
 #2

sure, you could, but it won't take any less energy or somehow use "wasted" energy of these other devices.
This is just what 21co are trying to do with their btc internet of things.
It doesn't make any sense.

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June 29, 2016, 06:42:15 AM
 #3

My antrouter got a asic miner and router function in one device.
Not for profit ., just because it can

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June 29, 2016, 11:47:13 AM
 #4

I'm guessing you could, but i'm most certain you should not due to financial reasons. All work = power, and power = money, and with non asic devices
the work is most certainly non effective, meaning that it will consume power but provide very little hashrate. Only worth doing for the hell of it.

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June 29, 2016, 06:29:47 PM
 #5

sure, you could, but it won't take any less energy or somehow use "wasted" energy of these other devices.
This is just what 21co are trying to do with their btc internet of things.
It doesn't make any sense.


21co did a horrible job of it they talk about coming out with every day item's and put miners in the.  What did they come out with?  One of the worst priced raspberry PI's with a miner combo on top of it.   

It is hard to do I honestly see miner for the foreseeable future being machines on their own.  There will be projects to do water heater or other thing's but I don't see largescale home appliances soon.   Maybe one day just not yet.  Right now closest thing you have is using the miner as space heater.   
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June 29, 2016, 06:40:25 PM
 #6

If I owned a taxi cab fleet I would look into a small miner in the taxi since I am make power by driving. But you are talking a 100 watt miner.

So it would be 1 board from an s-9 = 450 watts

 so  ½ of an s-9 board on a down clock would make the watts.

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June 30, 2016, 01:01:55 AM
 #7

Unless the difficulty stayed the same, and bitcoin skyrocketed, the hashrate produced by these miners is going to be so miniscule that it'd probably take years just to withdraw. Sure, there's a super-efficient 10nm chip or some next gen chip in there, but even with that kind of efficiency, you're not getting hashrate. It's like a 1 GH/S miner using .1mAh, it uses no power, but good luck withdrawing the dust you made.

People don't do things just 'cause they can, they're driven by money. Unless you have a fully equipped S9-style miner hidden in the tires, running off heat, it'd be pretty inefficient with how you'd need cooling and that stuff, and the fact that a credit card saves you more every time you gas up.














 

 

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June 30, 2016, 01:08:44 AM
 #8

This would be pointless. It'd increase costs for production, installation and electricity consumption. Removing ASICs from appliances once they're obsolete (consuming more electricity than the value of coins mined) would be extra cost as most home owners are no electricians. You could say that this would be done for the sake of decentralization but nobody believes in bitcoin so much to want chips that are otherwise worthless to him installed on his devices. If you want to decentralize mining just buy a dedicated miner and run it on your own, pointing your hashrate to a small pool.














 

 

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alh
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June 30, 2016, 05:10:35 AM
 #9

Don't forget BitFury's "Mining Light Bulb"!!!!

There are a  very few situations where the "waste" heat from the miner are usable. Everything else is a "Solution is search of a Problem".
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June 30, 2016, 12:57:47 PM
 #10

The main problem that i see adding miner chips on house appliances is the heat. All produce heat, and you will need more dissipation and more electricity cost. I don't see this as a solution for mining. About using car waste energy, the problem could be the internet connection.
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June 30, 2016, 04:42:42 PM
 #11

There are a  very few situations where the "waste" heat from the miner are usable.

One obvious situation is space heater using mining chips, but even here your looking for few problems like production cost is much higher and the expeced lifetime is also smaller. Because you going to use space heater only small part of a year, and the mining market changes rapidly thorough the summer when you wont be using it, no wonder no one producting such space heaters - it wouldnt be worth the buy for normal user now.

But maybe in future if the mining chips could not be produced more power effecient anymore and mining market wont change much, then using the space heater for only small part of a year wont be a problem anymore - if you know you get the Bitcoins back in many years anyway to compensate the higher purchase cost of the space heater.

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July 01, 2016, 12:44:07 AM
 #12

Space heater might actually be one of the few VIABLE ideas - you need the heat anyway, so it's essentially a "free electric" situation for the mining part.

 The Bitfury and 21 visions of "a bitcoin miner in every appliance" are not viable, the overhead costs would quickly get too high and would make the resulting appliances non-competative VERY quickly.

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July 01, 2016, 06:23:05 AM
 #13

I too think that the set of folks that will pay say $500 for a space heater that needs WiFi or and Ethernet to operate correctly to be quite limited. You might get a "Bitcoin Enthusiast" to purchase such a device, but that's about it. No rational consumer is going to pay a significant premium in price just to have their heater mine Bitcoins as a side effect.

This was all the rage last fall (i.e. October of 2015), and the closest thing we have to this is the Antminer R1. No Minining Light Bulbs, no Mining Heaters, no Mining Toasters or Refrigerators. I think the actual benefit all this was to help 21 Inc. to secure $119 million in Venture Capital.

You just have to drink the Koolaid and believe!!!  (heavy dose of sarcasm here)
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July 01, 2016, 01:11:07 PM
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I too think that the set of folks that will pay say $500 for a space heater that needs WiFi or and Ethernet to operate correctly to be quite limited. You might get a "Bitcoin Enthusiast" to purchase such a device, but that's about it. No rational consumer is going to pay a significant premium in price just to have their heater mine Bitcoins as a side effect.

This was all the rage last fall (i.e. October of 2015), and the closest thing we have to this is the Antminer R1. No Minining Light Bulbs, no Mining Heaters, no Mining Toasters or Refrigerators. I think the actual benefit all this was to help 21 Inc. to secure $119 million in Venture Capital.

You just have to drink the Koolaid and believe!!!  (heavy dose of sarcasm here)

And that is a huge problem is mass adoption.  When the average consumer goes to get a space heater I think they would go with cheaper one in a lot of cases.   Most of us on the board believe in bitcoin so we would love more appliances that mine... but we need far more adoption.  I think even if on the box "Mines X BTC per winter" a lot would say that's great.... but I want the savings today and I will get the dumb heater. 

It just is going to be hard to get mass adoption till we have mass adoption of BTC.   I see for the foreseeable future miners remaining their own device vs dual purpose.     I hope it changes as I would love more devices that are miners, but i think we need more adoption first.

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July 02, 2016, 12:11:37 PM
 #15

i think something like this will be the future of bitcoin.

but not for to mine for you, but large companies..

think about it.. when asics get small enough.. and they will.. electronic companies can put them in their devices and you probably would never know it.

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July 02, 2016, 02:47:32 PM
 #16

i think something like this will be the future of bitcoin.

but not for to mine for you, but large companies..

think about it.. when asics get small enough.. and they will.. electronic companies can put them in their devices and you probably would never know it.



The problem is heat and electricity even on small scale.   Imagine cellphones a ton of people have smartphones with internet access.   But if it was mining it would drain batteries faster.   So problems like this I think prevent some items.

So one day down the road... but we are not there yet on adoption to have these good dual purpose items.  Really best dual purpose item is a GPU.  Look at RX 480 gamers are having a hard time to get due to miners (in my opinion).  And could be low levels at release adding to this.
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July 02, 2016, 06:53:39 PM
 #17

i think something like this will be the future of bitcoin.

but not for to mine for you, but large companies..

think about it.. when asics get small enough.. and they will.. electronic companies can put them in their devices and you probably would never know it.



The problem is heat and electricity even on small scale.   Imagine cellphones a ton of people have smartphones with internet access.   But if it was mining it would drain batteries faster.   So problems like this I think prevent some items.

So one day down the road... but we are not there yet on adoption to have these good dual purpose items.  Really best dual purpose item is a GPU.  Look at RX 480 gamers are having a hard time to get due to miners (in my opinion).  And could be low levels at release adding to this.

im not saying battery operated stuff.
like your coffee maker, or tv..

if something like bitcoin becomes main stream, a large electronics company like samsung could put asics in every wifi enabled device and just give them away..  i bet lots of people would take a free tv knowing that it takes a couple extra watts to mine.
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July 02, 2016, 10:50:20 PM
 #18

i think something like this will be the future of bitcoin.

but not for to mine for you, but large companies..

think about it.. when asics get small enough.. and they will.. electronic companies can put them in their devices and you probably would never know it.



The problem is heat and electricity even on small scale.   Imagine cellphones a ton of people have smartphones with internet access.   But if it was mining it would drain batteries faster.   So problems like this I think prevent some items.

So one day down the road... but we are not there yet on adoption to have these good dual purpose items.  Really best dual purpose item is a GPU.  Look at RX 480 gamers are having a hard time to get due to miners (in my opinion).  And could be low levels at release adding to this.

im not saying battery operated stuff.
like your coffee maker, or tv..

if something like bitcoin becomes main stream, a large electronics company like samsung could put asics in every wifi enabled device and just give them away..  i bet lots of people would take a free tv knowing that it takes a couple extra watts to mine.

I think we agree i bolded the part I think has to happen.  We need mass adoption and "main stream" after that yes ton's of great things.  I mean even a simple thing like computer motherboards... add a asic chip simple already powered.   Would be interesting to see but again until we hit the main stream I just don't see large companies putting BTC mining chips in.  

For the foreseeable future it will remain big asic miner's that will control the mining game.  But there is all kinds of exciting thing's when we hit "main stream".   Kinda a sidenote to that is there has to be a public education of such to some that bitcoin is not just "dark web" stuff.  Regular new's articles are bad at this.   I do see it getting better but still a way's to go for general public. But that is why people asking for investors go with "Blockchain" not "Bitcoin" when mentioning investment's currently (at least a large portion do currently).

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July 12, 2016, 07:22:16 PM
 #19

sounds like a long journey

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