Quote from: Bicknellski on October 18, 2014, 04:58:18 PM

Quote from: dogie on October 18, 2014, 02:47:39 PM

Quote from: Flying Hellfish on October 18, 2014, 02:29:40 PM

Decentralization continued, really??. Sorry Bitmain, while you guys have provided lots of good product to consumers the decentralization train left the station some time ago.

Why does everyone quote ck like he is a God? He's just one person, like everyone else. He has no additional knowledge of the market, like everyone else.

He isn't God. He is just right as Flying Hellfish and klondike_bar say. If you disagree then why not put up a case to rivals his? Unfortunately the numbers don't square and anyone who is looking forward understands this game of small mining is dead for profit motives.

Do you have any evidence to support some other conclusion? If you do then please share that with the community.

Now having said that. Maybe units with other purposes beyond mining or dual purpose and mining might be the way to decentralize mining this bee hive looking unit is a step in that direction.

This is the right way of thinking about this... but not a rice cooker. Think consumer electronics that require being on all the time. Wallets like the Trezor possibly or maybe storage NAS systems.

Quote from: Gogreen on October 18, 2014, 01:50:31 PM

Look like the latest rice cooker! Cheesy

Not that I disagree, but to point out, these little systems are great for anyone dipping their toes in mining. I got my start using USB miners when they were already outdated. I was making a couple bucks a day on them. But that was the idea. It was meant to be a loss I could handle if it did not work out. The idea was to build a real industrial mine. That should be ANYONE's goal in mining. Anyone with the expectation that they will be able to mine a fortune from their basement is deluded. Also it is part of Satoshi's original vision as well.

That being said, these devices can scale up quite nicely in power/performance. Having huge banks of these deployed in the right kind of setup can yield some nice coin. Also space saving. Consider that 7 of these roughly make up what an S3 would yield in power.

And with the right kind of power setup PDU, surge protectors, etc....one could mass mine. That being said the management of these things would be a nightmare. But for a proof of concept mining operation they would be perfect again for those dipping their toes in the water. Just gotta have the expectation that not much if any money will come of it.