@mauroperetti Maybe, but perhaps they’re extrapolating that if their chips become pervasive, they’ll dwarf all other miners.
@el33th4xor @mauroperetti True; probably a part of the tech stack they developed. Sure would be nice if they implement a decentralized pool.
@el33th4xor @mauroperetti You mean configuring the device to use a mining pool?
@mikeinspace @mauroperetti … unless BTC exchange rate increased exponentially :-P
@mikeinspace @mauroperetti Sure, though that translates to linearly increasing power rather than exponentially increasing.
@mikeinspace @mauroperetti There have been several generations of hardware, though it may be plateauing now, reaching fabrication limits.
@mikeinspace @mauroperetti Yeah, that will get interesting based upon A) the life expectancy of the device and B) future hashrate growth.
@mikeinspace @mauroperetti Just speculating; we don’t know numbers yet. But there’s also the benefit of decentralizing mining.
3) @mauroperetti With embedded mining the device will always have ‘fuel’ so long as the Bitcoin network is still functional.
2) @mauroperetti You COULD have the device ‘call home’ to the manufacturer to request satoshis, but that’s a single point of failure.
1) @mauroperetti When you sell a device you don’t know how long it will run, if at all. Preloading device w/ satoshis might be a waste.
.@mauroperetti I’ve been thinking more about @21dotco’s claim of embedding mining convenience:
@polemitis Checkmate, Bitcoiners!
.@eluxBTC has posted a follow-up to @btcWhaleclub’s @21dotco conversation. https://t.co/x2pNHTThbC
@Bitcoin_Regs Are you in the Triangle area? If so, I hope we can meet up some time.
@OfficialNuBits “Value stability” is relative. Every value is volatile, just to different degrees. For example: http://t.co/NV6fowCWBo
Critics can find numerous reasons to claim it’s fatally flawed, but they can’t diminish the utility & value people already find in Bitcoin.
@el33th4xor Surely the new $1,000,000 superforum will have security the likes of which the world has never seen!
@el33th4xor Hashing == Proof of Dispute