Quote from: philipma1957 on May 16, 2018, 03:16:10 AM

Note 2018 second half development of ai

[...]

Looks like they may abandon or shift from mining gear

This looks like AI and not crypto.
We dont need more mining gear actually. There is a fixed amount of btc released every 10mins iirc. Stronger gear just means everyone has to spend more and upgrade and still get the same amount of btc being released.

https://www.reuters.com/article/us-canaan-ipo/as-bitcoin-world-wobbles-mining-rig-company-plans-2-billion-ipo-idUSKCN1IN01X

Canaan only made 56million usd profit in the whole of 2017 which is a record year of mining. They made 7 times lesser, meaning 8 million usd profit in 2016. It isnt that much. The market isnt that big.

Quote from: QuintLeo on May 19, 2018, 06:32:06 PM

21.com had a similar idea a while ago, but seem to have dropped off the map.

I forget who it was that had the idea of a "smart lightbulb" with a miner chip in it, but haven't seen that come to market.

I believe the whole "consumer device with a mining chip in it" concept is a non-starter, due to power usage (forget Green certification) and requirement for Internet access (lots of folks that don't have WiFi of any form or any interest in it) and the additional cost of such an item.

Their biggest issue would be most people are not interested in mining. The average person will not take the trouble to configure everything or even if it was somehow auto-configured, they would not be willing to pay even abit more for that chip to make like 2-3 dollars a month lol. Not worth the hassle and these people do not want bitcoin. Furthermore, with mining being competitive now, they can only sell those products with mining chips to countries with low electricity rate.

Those interested in mining would want strong efficient miners and not 1 chip in each product lol. Basically, their product has no real demand.

Quote from: philipma1957 on May 20, 2018, 04:40:50 PM

Fuck miners my Samsung tv can run the entire block chain.

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I think the only household like item that would work for mining is if they put mining chips directly into solar cells and it is probably gonna be a small amount of mining chips per solar cell since solar generates so little power. The chips should be working 24/7 and housed waterproof somehow lol. Or better still, do wat tesla does and put solar cells into roofing with the chips. That might actually work, where the solar is located on the roof outside and generates electricity and the chips are located on the inside of the house and creates heat and btc. The good news is that it will never turn unprofitable haha.