It can work simultaneously, by limiting the link speed to 100 mbps each (2 pairs each port). It literally "splits" the RJ45 input into 2 pairs to power both ports. So if you are good with 100 mbps link speeds for 2 devices (i.e., a smart TV that usually has a 100 mbps NIC and an old Apple TV HD which also has a 100 mbps NIC), then you can buy/use this product.
JuicyCoala
Yup, up to you. 15ms is external.
I missed answering question #2. So the Ring Topology happens when you have 1 MoCA adapter connected to the switch, then to a splitter, then all coax connected to that splitter, then to the corresponding MoCA adapter (nodes). This saves you money as you will need less MoCA adapters (i.e., for 2 nodes, you only need 3; for 3 nodes, you only need 4).
What you are planning to do is to use it as an ethernet alternative, which will be a 1:1 ethernet replacement. That will be expensive indeed, but will give you dedicated lines per node/device. If both MoCA adapters in the line are MoCA 2.5, then you have the full 2.5 gbps bandwidth at your disposal, if the device has a 2.5 NIC and your switch has 2.5 ports.
Not much ping penalty. Ping will be hovering around 15ms
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Higher MoCA standards are usually backwards compatible. If you have an older MoCA adapter, it will work. But then why not buy the latest model?
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MoCA is actually a Ring Topology, even though your coax wiring are interconnected via Star Topology. It broadcasts signals across all “nodes”, and the node that needs the signal will accept and convert it back to digital for the device to consume. With that said, what you are missing is dedicated bandwidth in this case - if your main MoCA node connecting the router to the splitter is MoCA 2.5, then all your nodes within your topology will share 2.5 gbps bandwidth (more like a hub vs a switch).
Are you asking suggestions for your SSID, you mean?
The only risky stuff I do is download pirated games on my desktop and very, very rarely watch corn on the laptop.
Downloading illegitimate software and installing them onto your PC will bypass all the security set by your network devices, as the networking devices doesn't have the capability to scan/check if a downloaded file contains malware or not. A good anti-virus software may be able to sniff-out a malware from your downloaded file; therefore, building your own router doesn't really help you in any way.
There are 3 types of ethernet splitter - passive, active (requires power to amplify signals) and PoE splitters. This one seems to be an active ethernet splitter, thus it is powered. The LED indicators can exist in either a splitter or an ethernet switch. They can’t call a switch a splitter and vice-versa, because each device works differently than the other. Just because it is powered and has LED lights doesn’t mean it’s a switch. The old ethernet hub has LED lights and is powered, but it is not a switch.