Post
Topic
Board Mining speculation
Re: Samsung confirms they’re developing ASIC’s
by
spartadata
on 22/05/2018, 15:27:53 UTC
How can I be so sure? I do believe I'm qualified to make that judgement.

Because one mining chip provides pitiful amounts of mining and a lot more consumes far too much power for a generic consumer device. Power consumption is a huge part of a consumer device. Many chips require ridiculous amounts of cooling and TVs and other consumer devices do not usually have any significant amount of cooling; a few heatsinks and maybe one small fan at most. The one chip pitiful amount is seriously not even worth a few satoshi of mining and there is no "generic way" to mine. All mining happens at pools and even at pools one chip won't provide enough to get a payout even once per year. Samsung isn't going to start running their own mining pools to allow people to earn dust amounts of mining that they can never actually redeem, nor will they waste effort and time developing their own chip for such a futile exercise. Samsung will happily press chips for other morons because that's what their chip foundry is designed to do. They don't care what crap designs they get given, they just have to press them at ever decreasing sizes for ever increasing costs to get their money.

Forget it, the equation doesn't work.

CK is right however there could still be sneaky ways they or others can hide a discreet low powered low level component based miner that mines while the consumer device is powered. This would hash at a super slow rate however when you do the bigger picture overview and realize maybe its about numbers and for example lets say they produce 20k TV sets with this discreet miner secretly within the design it adds profits to the manufacturers and integrators as such never the consumer. Now this would eventually lead to heavy legal issues if discovered such as class action lawsuits but thats a whole other topic... Fact is real mining requires like CK said lots of power and ventilation more so then one can pack into a modern flat TV set. But it goes to say if they really wanted to add a miner it would be a discreet low powered alternative if anything...

just my 2 cents