It's amazing to me how many idiots on reddit think this is solely a mining device.
Trolls/idiots are everywhere now, there's hardly anyone left doing rational discourse.
I'm pretty pumped to see the software side of that chip.
agreed.
from a hardmoney perspective, i'm old enough to remember being able to mine on my laptop with cpu. you'd download the blockchain, mine rewards, and rec/spend when convenient. other than that, you were left wondering what to do with Bitcoin.
but it wasn't considered profitable then either. your fans were whirring away causing alot of noise, it was hot, and it could slow down your processing speeds. but that was just a reflection of the time when the price was under a dollar.
now, 21 has essentially created another this time dedicated laptop whose mining certainly doesn't appear to be profitable, except for the fact that those satoshis could become quite valuable one day. however, the really powerful addition and hope is that devs, and eventually consumers, use these devices to harness the non-hardmoney aspects of Bitcoin that we all want to see happen thru it's payment network capabilities. it's an all-inclusive Bitcoin platform that allows experimentation via API's, marketing and selling of digital products, and a direct sourcing of coin thru mining. now we can actually do something with those satoshi's we're collecting.
the really cool thing that 21 has conceived is elimination of the variance of mining that all miners have come to fear. waiting to get a block can tax one's patience and nerve. pools eliminate that and 21 is willing to smooth that even further by making the income a "continuous stream", whatever that exactly means. plus, the big thing is that these are portable. don't expect owners of these to be paying alot for electricity. instead, i see alot of these popping up at Starbucks and at workstations around the globe. we went thru this discussion many months ago when we talked about this back when we thought these were going to be confined to smartphones.
it really is a brilliant scheme and will be hugely beneficial for Bitcoin.
remember that every day that goes by and Bitcoin doesn't die is a day it gets stronger. that's b/c each day it doesn't die, is a day that new Bitcoin innovation is allowed to grow and flourish and come to the forefront.
200 is the new 2 and we're just basing getting ready for the next 10x ramp.
