LTC ASIC + FPGA MEM (specialist hardware) FUND

[jubalix]

EDIT::After some technical advices, an LTC ASIC appears to be the best way to maximize investment, we are not yet ruling out FPGA's though as the cost/return/risk profile has to be finalized

EDIT:: Due to interest I am proposing the following terms and am open to views of how much we need to see this through. IT is my view in the order of 1000 BTC./ 100000K LTC

EDIT :: LTC just hit $1 after I wrote this.

I PROPOSE THE FOLLOWING TERMS OF LTC HARDWARE FUND /OPEN BID MODEL

[1] CAPITAL RAISE

of XXX BTC

[2] PROGRESS PAYMENT MODEL

Total      Each Payment
5%       5%    Down:

10%   5%    Initial Design including expected hash and Power, cost per unit

11%      1%    Independent design review   
12%      1%   Travel   
22%      10%   Prototype

24%      2%    Independent Prototype review   
25%      1%   Travel.

55%      30%   Manufacture   
65%      10%    Independent Manufactured review   
70%      5%   Travel.

85%      10%   1st Production run of X units

Residual
95%         Legal 10%, IP rights and licenses:
100%       ADMIN/PROFITS 5%  blanket Fee for admin & profits.
   

Terms
[3]PROFIT SHARING OF ALL MINING AND HARDWARE SALES minus 5% fee of admin/profits, in proportion to investment.

[4] Only a minimum of integer numbers of X BTC will be accepted per investor and no fractional BTC will be accepted (any fraction will be returned to sender)

[5] No promise as to delivery date will be made or as to any hardware being able to work, this is highly speculative. All investors must be prepared to lose all investment value.

[6] No investor will be replaced with any other investor, except in the most extenuating circumstance.

[7] At any point if the project looks unable to be realized all residual funds will be proportionately returned minus transfer fees

[8] If any investor or group of investors wishes to create shares or other tradeable instruments this is a matter for them based on their shares

[9] Profits will come from a maximization of hardware mining and sales.

[10] Open bid system for delivery of Hardware and software.

[11] Any residual for bid below market raise will be returned after terms for Bid is finalized. Note Travel, Review and Legals may have to be separated out as those costs will be more likely fixed


DO NOT SEND ANY BTC YET

Disclosure
THIS PROJECT IN MY OPINION IS RISKY, BUT THE RISK CAN BE MANAGED. LIKE BTC, I PUT IN WHAT I CAN AFFORD TO LOSE 100%. ONLY WITH GREAT RISK COMES GREAT REWARD

[cablepair]

if someone wanted to spend the money the ModMiner Quad could easily mine litecoins , due to the collapse of BTCFPGA I am not in a position to follow through with this but we have a theoretically working design where every FPGA card has a SODIMM slot on the back of it where you can pop in cheap laptop memory up to 8gb per card for a total of 32 gb of memory per FPGA miner, it would be ddr2 memory and operate at a speed of 3gbps

If anyone is serious about funding this project in any way send me an email to thomas@thomasvanriper.com


dont worry this scammer tag is almost gone, for those who dont know we failed on our ASIC project and it has taken awhile to pay everyone back, the torches and pitch forks came out and I was given a scammer tag despite the numerous contributions I have made to this community and cyrptocoins in general. I should be a hero/VIP member again in about 2 weeks, when all the refunds for the failed project are completed.


With that being said any serious investor should contact me and we can talk to the design firm in california directly - any serious investor could send the money directly to them, at this point I do not want to handle anyone's funds personally until I am in good standing on the forum again.


they are a very long standing, reputable and well known design firm, and if you do anything with electronics in California its likely you already know them.


The down payment on the project is 18k and its expected to cost around 40k to bring to working prototype, this includes them writing the firmware so the microcontroller and FPGA can access the memory. Getting this miner made compatible with bfg/cg miner would be easy enough from my programmer friends at the above mentioned projects.

But like I said in my current situation I would not want to handle anyone's money directly  but if someone is seriously interested in making an FPGA Litecoin miner - we already have the design modifications quoted and ready to go.

Depending on how many units you would want to produce they would cost around $400-$600 each to produce.

I already have a very good relationship with an assembly house that has produced hundreds of ModMiner Quads (patent pending) for me and this is a simple modification, I can also obtain FPGA chips at the absolute lowest rate/

So if anyone is seriously interested in commissioning something like this to be made let me know and I will plug you into the right people that can make it happen for you. I would only ask for a small percentage of sales which would go directly to paying my dwindling list of creditors.

if anyone is not familar with the ModMiner Quad you can check it out at http://btcfpga.com


it mines bitcoins at 840 mh/s and uses 40 watts - I have no idea how fast or efficient it would mine litecoins with the added memory modules.


-Tom

[Starlightbreaker]

eh.

considering the fact you are back, and slowly repaying people....
seems like your idea is a pretty good idea.



not that i have the capital to fund it though.

[CoinHoarder]

eh.

considering the fact you are back, and slowly repaying people....
seems like your idea is a pretty good idea.



not that i have the capital to fund it though.

I would like to get involved as well, but I don't have 60k laying around. What if we raised the funds similar to how I did my group buy?

Everyone that invests gets proceeds off of units sold and/or can order the FPGAs at cost... or something similar to this.

As long as funds don't need to go through cablepair (due to his scammer tag), there might be enough people in the LTC community interested.

[goxed]

Is there LTC-scrypt vhdl code available? I have access to a fpga board with DIMM and can check its performance.

[Starlightbreaker]

eh.

considering the fact you are back, and slowly repaying people....
seems like your idea is a pretty good idea.



not that i have the capital to fund it though.

I would like to get involved as well, but I don't have 60k laying around. What if we raised the funds similar to how I did my group buy?

Everyone that invests gets proceeds off of units sold and/or can order the FPGAs at cost... or something similar to this.

As long as funds don't need to go through cablepair (due to his scammer tag), there might be enough people in the LTC community interested.

kickstarter that shit.

[lame.duck]

but we have a theoretically working design where every FPGA card has a SODIMM slot on the back of it where you can pop in cheap laptop memory up to 8gb per card for a total of 32 gb of memory per FPGA miner, it would be ddr2 memory and operate at a speed of 3gbps

Means a sketch with two boxes  on it labeled "Mem" and  "FPGA"?

I have no idea how fast or efficient it would mine litecoins with the added memory modules.

How this, can't you run a simulation? Since Litecoin mining could also refresh the memory the whole mining process should be predictable. There are even some calculations avaiable from bitfury.

Is there LTC-scrypt vhdl code available? I have access to a fpga board with DIMM and can check its performance.

There is a non-optimized salsa core on opencores, that could be used. The problem is  that you would need also access to external memory, and there are a lot af combinations  for  speed, RAM type, word-width etc. possible. Unified menory controller with a 'standard' internal Businterface exist, but are mostly nonoptimal for  litecon mining.

[shibaji]

+

Interested!

[yohan]

I am watching this thread with interest and we are planning to try and do something for LTC with Cairnsmore1. However the team here is under a lot of pressure and it is going to happen soon so I would welcome someone else doing it for obvious reasons.

I will also mention that one of our plans is to consider doing a memory add-on card for CM1 if that was needed to improve performance or even just to enable the function. This would use the up/down interface which does have performance limitations but better than nothing if memory size is the issue. So if someone does get that far do talk to us about what they think is need and practical and we will do what we can to support it.

[dogie]

You have a BEng in Mechanical Engineering? I have a Masters (MEng) in Mechanical Engineering, you are a million miles away being qualified for this - you're going to have a rude awakening once you do more research. [I too I am unqualified for this....]

[johnyj]

if someone wanted to spend the money the ModMiner Quad could easily mine litecoins , due to the collapse of BTCFPGA I am not in a position to follow through with this but we have a theoretically working design where every FPGA card has a SODIMM slot on the back of it where you can pop in cheap laptop memory up to 8gb per card for a total of 32 gb of memory per FPGA miner, it would be ddr2 memory and operate at a speed of 3gbps

If anyone is serious about funding this project in any way send me an email to thomas@thomasvanriper.com


dont worry this scammer tag is almost gone, for those who dont know we failed on our ASIC project and it has taken awhile to pay everyone back, the torches and pitch forks came out and I was given a scammer tag despite the numerous contributions I have made to this community and cyrptocoins in general. I should be a hero/VIP member again in about 2 weeks, when all the refunds for the failed project are completed.


With that being said any serious investor should contact me and we can talk to the design firm in california directly - any serious investor could send the money directly to them, at this point I do not want to handle anyone's funds personally until I am in good standing on the forum again.


they are a very long standing, reputable and well known design firm, and if you do anything with electronics in California its likely you already know them.


The down payment on the project is 18k and its expected to cost around 40k to bring to working prototype, this includes them writing the firmware so the microcontroller and FPGA can access the memory. Getting this miner made compatible with bfg/cg miner would be easy enough from my programmer friends at the above mentioned projects.

But like I said in my current situation I would not want to handle anyone's money directly  but if someone is seriously interested in making an FPGA Litecoin miner - we already have the design modifications quoted and ready to go.

Depending on how many units you would want to produce they would cost around $400-$600 each to produce.

I already have a very good relationship with an assembly house that has produced hundreds of ModMiner Quads (patent pending) for me and this is a simple modification, I can also obtain FPGA chips at the absolute lowest rate/

So if anyone is seriously interested in commissioning something like this to be made let me know and I will plug you into the right people that can make it happen for you. I would only ask for a small percentage of sales which would go directly to paying my dwindling list of creditors.

if anyone is not familar with the ModMiner Quad you can check it out at http://btcfpga.com


it mines bitcoins at 840 mh/s and uses 40 watts - I have no idea how fast or efficient it would mine litecoins with the added memory modules.


-Tom

I'm supporting you Tom, and could you explain a bit how come your ASIC project failed? Isn't it more attractive to make ASIC based ltcminers instead of expensive FPGAs? ASIC is the final stage, from there you only need to worry about the energy consumption and semiconductor making process. Or at least structured ASIC

[Nemesis]

Oh shit, Tom is here.....

I wont touch this project with a ten foot pole.

Get the fuck out,.

[ShadesOfMarble]

I wont touch this project with a ten foot pole.

Well, Tom, can you explain why your LTC-FPGA project will be more successful than your BTC-ASIC project?
You said you had a prototype of the ASIC running. Did anyone else see it? Did you ever post a photo of it?

Your text sounds good, but so did your bASIC news. And it failed completely. (Which is sad.)

[jubalix]

You have a BEng in Mechanical Engineering? I have a Masters (MEng) in Mechanical Engineering, you are a million miles away being qualified for this - you're going to have a rude awakening once you do more research. [I too I am unqualified for this....]

Yeah well nope lets see what I did In my degree and afterwards

gate logic, PLC, including timing diagrams etc, control theory,
machine code
assembly
8086A VLSI
Fortan

Then After degree
C++ (with open GL wrapper)
Java (with open GL)
Javascript

I don't know what you did in *your degree*, but here, Mech Eng actually runs some of the ELEC/COMP eng courses eg, intro to programing and PLC/Control theory, admittedly the ELECTS to Adsp, But I at least know my away around solid state design, and can do gate logic with timing diagrams from the ground up, and have a passing understanding of Altera.

Any way I am not even holding this out as my main strength My strengths comes from being able to organize projects and put controls on capital releases (progress payments) to continue the project phases to completion and be able to quickly judge when the BS factor is high by asking the right questions