Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[BlindMayorBitcorn]

https://21.co/

http://blogs.wsj.com/moneybeat/2015/09/21/21-inc-releases-first-product-a-bitcoin-computer/

 

A wobbly Raspberry Pi?

Can someone explain to me why this isn't the dead end I think it is?

I don't understand it either.

Raspberri pi:  $38
Nano USB Miner: $10
64GB SD card: $20

21 microcomputer: $400???

For everything else, there's Mastercard_TM

Is this company just an elaborate troll? Srs question

[ChartBuddy]

Coin
Explanation

[billyjoeallen]

https://21.co/

http://blogs.wsj.com/moneybeat/2015/09/21/21-inc-releases-first-product-a-bitcoin-computer/

 

A wobbly Raspberry Pi?

Can someone explain to me why this isn't the dead end I think it is?

I don't understand it either.

Raspberri pi:  $38
63 GH/s antminer U3: $20
64GB SD card: $20


21 microcomputer: $400???

For everything else, there's Mastercard_TM

Is this company just an elaborate troll? Srs question

What's even dumber is that this product is built specifically for developers. Developers know you could build one of these easily for $100- unless this is some miracle terahash chip, that is.

[adamstgBit]

https://21.co/

http://blogs.wsj.com/moneybeat/2015/09/21/21-inc-releases-first-product-a-bitcoin-computer/

 

A wobbly Raspberry Pi?

Can someone explain to me why this isn't the dead end I think it is?

I don't understand it either.

Raspberri pi:  $38
63 GH/s antminer U3: $20
64GB SD card: $20


21 microcomputer: $400???

For everything else, there's Mastercard_TM

Is this company just an elaborate troll? Srs question

What's even dumber is that this product is built specifically for developers. Developers know you could build one of these easily for $100- unless this is some miracle terahash chip, that is.

well it comes with 128GB which alone cost ~100$
then the mining chip
and stuff
i guess 400$ is a "fair price"
i mean it's like a fancy Hardware wallet you can program, plus it a full node, plus it to makes some Bitcents constantly.
I don't hate it.

[Cconvert2G36]

Is this company just an elaborate troll? Srs question

What's even dumber is that this product is built specifically for developers. Developers know you could build one of these easily for $100- unless this is some miracle terahash chip, that is.

well it comes with 128GB which alone cost ~100$
then the mining chip
and stuff
i guess 400$ is a "fair price"
i mean it's like a fancy Hardware wallet you can program, plus it a full node, plus it to makes some Bitcents constantly.
I don't hate it.

$70 for a 128GB SD.

Maybe you're thinking in loonies...  

The mining chip is better than bitmain s5, worse than bitmain s7, but still so tiny as to be pretty inconsequential.

I certainly hope they, (or whomever might buy these things) devise some kind of compelling use case. I sincerely hope that happens. I'm underwhelmed so far... Not even a fancy industrial design vanity case?

All this IoT hype seems less likely to happen vs companies who want to use the blockchain now (and pay fees), cough, fidelity, but can't/won't due to lack of clarity on the move past 2.7tps.  

[adamstgBit]

Is this company just an elaborate troll? Srs question

What's even dumber is that this product is built specifically for developers. Developers know you could build one of these easily for $100- unless this is some miracle terahash chip, that is.

well it comes with 128GB which alone cost ~100$
then the mining chip
and stuff
i guess 400$ is a "fair price"
i mean it's like a fancy Hardware wallet you can program, plus it a full node, plus it to makes some Bitcents constantly.
I don't hate it.

$70 for a 128GB SD.

Maybe you're thinking in loonies...  

The mining chip is better than bitmain s5, worse than bitmain s7, but still so tiny as to be pretty inconsequential.

I certainly hope they, (or whomever might buy these things) devise some kind of compelling use case. I sincerely hope that happens. I'm underwhelmed so far... Not even a fancy industrial design vanity case?

All this IoT hype seems less likely to happen vs companies who want to use the blockchain now (and pay fees), cough, fidelity, but can't/won't due to lack of clarity on the move past 2.7tps.  

yes loonies...
the mining chip will pop out ~1cent per hour
which might pay for its energy usage ( lol MAYBE! )
at which point you have a full node that pays for itself
ya the usefulness is kinda ...meh...
i wonder how programmable they are, looking quickly its main use seems be to serve up webpages to "sells digital content" kinda weird.
these little machines autonomously make money online, magically!
This is the beginnings of skynet?


                Buy 21 bitcoins or die!

[ChartBuddy]

Coin
Explanation

[premium_domainer]

sad to see there is no move towards up....       

[billyjoeallen]

https://21.co/

http://blogs.wsj.com/moneybeat/2015/09/21/21-inc-releases-first-product-a-bitcoin-computer/

 

A wobbly Raspberry Pi?

Can someone explain to me why this isn't the dead end I think it is?

I don't understand it either.

Raspberri pi:  $38
63 GH/s antminer U3: $20
64GB SD card: $20


21 microcomputer: $400???

For everything else, there's Mastercard_TM

Is this company just an elaborate troll? Srs question

What's even dumber is that this product is built specifically for developers. Developers know you could build one of these easily for $100- unless this is some miracle terahash chip, that is.

well it comes with 128GB which alone cost ~100$
then the mining chip
and stuff
i guess 400$ is a "fair price"
i mean it's like a fancy Hardware wallet you can program, plus it a full node, plus it to makes some Bitcents constantly.
I don't hate it.

  Adam, you can buy 128 GB sdcards for $20, especially if you buy them in bulk which 21 would do.

https://www.google.com/?gws_rd=ssl#q=128gb+sd+card&tbs=cat:3387,pdtr0:763301%7C763305,pdtr1:727606%7C128%24128,vw:l,p_ord:p&tbm=shop&spd=5773807439637093095

https://www.google.com/?gws_rd=ssl#q=128gb+sd+card&tbs=cat:3387,pdtr0:763301%7C763305,pdtr1:727606%7C128%24128,vw:l,p_ord:p&tbm=shop&spd=14489193896983823315

[billyjoeallen]

The mining chip is better than bitmain s5, worse than bitmain s7, but still so tiny as to be pretty inconsequential.

I certainly hope they, (or whomever might buy these things) devise some kind of compelling use case. I sincerely hope that happens. I'm underwhelmed so far... Not even a fancy industrial design vanity case?

All this IoT hype seems less likely to happen vs companies who want to use the blockchain now (and pay fees), cough, fidelity, but can't/won't due to lack of clarity on the move past 2.7tps.  

The business model seems to be to create some sort of premium channel internet, like HBO for the web, complete with cable bill.  Everybody charges for content they get, and gets paid for content they provide.

This part is interesting. From the FAQ:

Does 21 take a portion of my mined bitcoin?
No, we are not taking a portion of your mined bitcoin. If anything, users who are good participants in the network - by doing things like running full nodes and buying/selling digital goods - will receive much more bitcoin than they would by simply running a mining device alone.

getting paid for running a full node would greatly increase the security and decentralization of the  network.

What is left unsaid is that at the current megawatt power consumption of the network, each transaction costs about $4 unsubsidized, so microtransactions can't be ultimately viable without a block size increase.

[RoadStress]

So many narrow minds in this topic. Can't you think of anything else than ROI? I understand that this is top priority in everyone's life, but you just can't apply it to EVERYTHING.

[billyjoeallen]

The first thing I would do if I got a 21 pc would be to try and hack it to run on a different mining pool. Or no pool if running a full node, kind of like buying a lottery ticket.

[billyjoeallen]

So many narrow minds in this topic. Can't you think of anything else than ROI? I understand that this is top priority in everyone's life, but you just can't apply it to EVERYTHING.

Um, yes you can. What are you, a commie?  It doesn't always have to be a financial ROI, but my time, money and effort are either invested or wasted to one degree or another. So is yours.

[billyjoeallen]

if 21 is successful in building this premium internet, the blockchain is going to bloat massively. A blockchain transaction for every pageview. Even BIP101 wouldn't keep up.  Perhaps that's why they support BIP100. They want to increase the blocksize limit FASTER with miner voting.  

and the plot thickens...

[aztecminer]

should named it the 27 club for bitfinex wall holds 227 again...

[Cconvert2G36]

if 21 is successful in building this premium internet, the blockchain is going to bloat massively. A blockchain transaction for every pageview. Even BIP101 wouldn't keep up.  Perhaps that's why they support BIP100. They want to increase the blocksize limit FASTER with miner voting.  

and the plot thickens...

Premium internet (wth is that)? For a few cents a day? A majority of mining pools want to scale faster than BIP 101?

Why you always make a few good points and then torpedo them with nonsense?  

[ChartBuddy]

Coin
Explanation

[billyjoeallen]

if 21 is successful in building this premium internet, the blockchain is going to bloat massively. A blockchain transaction for every pageview. Even BIP101 wouldn't keep up.  Perhaps that's why they support BIP100. They want to increase the blocksize limit FASTER with miner voting.  

and the plot thickens...

Premium internet (wth is that)? For a few cents a day? A majority of mining pools want to scale faster than BIP 101?

Why you always make a few good points and then torpedo them with nonsense?  

21 is promoting paying for content directly as opposed to ad-supported content. That is roughly analogous to broadcast TV vs. premium cable.  It's a different business model, but one that can only be done with microtransactions. To continue the metaphor, it would be like paying for cable every time you changed the channel instead of a monthly bill.  Currently, that cost is supported primarily by the block subsidy, and runs at about 65 kWh per transaction. (300 MW mining network, 1.27 transactions per second.) That's about $4 per transaction. Also, at the current 7 TPS (or less) transaction limit,  There couldn't possibly be more than a thousand users of this premium internet before it bogs down and takes our entire network with it.

So the only logical explanation is that 21 plans to dominate mining and vote to increase blocksize faster than BIP101 would do automatically (doubling every two years).

[Fatman3001]

So many narrow minds in this topic. Can't you think of anything else than ROI? I understand that this is top priority in everyone's life, but you just can't apply it to EVERYTHING.

This is a digital currency forum. Besides, it's not like we're discussing ROI on clubbing baby seals.

[ChartBuddy]

Coin
Explanation