Supposed ASIC Scrypt Miner | Scrypt ASIC International

[horeaper]

The new image they post:
http://scryptasic.org/wp-content/uploads/2013/07/Scrypt-Miner.jpg
Is a ASUS Z9PE-D8 WS
Which can be found here:
http://techreport.com/news/22625/dual-socket-sandy-bridge-ep-workstation-board-hits-newegg

So, why use a dual CPU board for a "stripped down GPU" miner? 

Total scam!

[bcp19]

They are coming right out and saying they are using SHA256 ASIC chips and using the GPUs as converters.  They are either piling it high and deep or someone has had one heck of a breakthrough. 

[kramble]

They are coming right out and saying they are using SHA256 ASIC chips and using the GPUs as converters.  They are either piling it high and deep or someone has had one heck of a breakthrough. 

They are talking nonsense.

(fair usage for commentary...)
As you can see we use motherboard parts that have already been developed for regular PC use but then configure them to our specifications.
The unit itself requires a sizeable amount of memory, space for the ASIC chips (Not many are needed) and then multiple slots for our stripped down GPU’s.
Our main development was the conversion process to bring the SHA-256 ASIC chips to work with our modified GPU’s.
This part of the technology is not going to be disclosed until we start shipping the first batch.

The SHA-256 is a tiny part of the overall algorithm, around 1% or less, and I can't see how a conventional bitcoin SHA-256 ASIC can be used for the PBKDF2_SHA256_80_128 and PBKDF2_SHA256_80_128_32 operations. Perhaps they have some custom ASIC in mind, but its still not dealing with the meat of the algorithm which is the salsa blockmix (for which I assume they are using the GPUs). They really do not know what they are talking about.

[Operatr]

They are coming right out and saying they are using SHA256 ASIC chips and using the GPUs as converters.  They are either piling it high and deep or someone has had one heck of a breakthrough. 

GPU's as converters to what?

[DeathAndTaxes]

They are coming right out and saying they are using SHA256 ASIC chips and using the GPUs as converters.  They are either piling it high and deep or someone has had one heck of a breakthrough. 

GPU's as converters to what?

Scam boosters.  By using GPU in parallel they can increase the efficiency of the transfer of wealth from your pocket to theirs by a staggering 27,123%.

[MasterX]

They are coming right out and saying they are using SHA256 ASIC chips and using the GPUs as converters.  They are either piling it high and deep or someone has had one heck of a breakthrough. 

GPU's as converters to what?

mind converters, to make you believe its not a scam ;-)

[bcp19]

They are coming right out and saying they are using SHA256 ASIC chips and using the GPUs as converters.  They are either piling it high and deep or someone has had one heck of a breakthrough. 

GPU's as converters to what?

Scam boosters.  By using GPU in parallel they can increase the efficiency of the transfer of wealth from your pocket to theirs by a staggering 27,123%.

How?  They are not offering anything for sale yet.  Their claim is that once they HAVE a product, then they will open sales.  No preorders.  If they don't produce a working copy, by their words, you'll have nothing to buy.

[FiiNALiZE]

They are coming right out and saying they are using SHA256 ASIC chips and using the GPUs as converters.  They are either piling it high and deep or someone has had one heck of a breakthrough. 

GPU's as converters to what?

Scam boosters.  By using GPU in parallel they can increase the efficiency of the transfer of wealth from your pocket to theirs by a staggering 27,123%.

How?  They are not offering anything for sale yet.  Their claim is that once they HAVE a product, then they will open sales.  No preorders.  If they don't produce a working copy, by their words, you'll have nothing to buy.

This is an example of a "long con"

They know opening up orders for their "ASIC" immediately will arouse suspicion, so they're trying to build up confidence in their product slowly by releasing [bullshit] updates.

[fluffypony]

How?  They are not offering anything for sale yet.  Their claim is that once they HAVE a product, then they will open sales.  No preorders.  If they don't produce a working copy, by their words, you'll have nothing to buy.

Any company with sufficient money to develop an scrypt-based ASIC from scratch can certainly afford a decent website that doesn't contain obvious spelling and grammatical errors, and doesn't use the incorrect acronym for their name (SAI in some places and SIA in others).

[Desten]

That's the picture they used: https://i.imgur.com/QIN9M.jpg
Scam 100%. Schoolkids written their site "on the knees". Grammar errors, misspelling, errors in acronyms usage, i've seen it too.
And not willing money in "development process" is only psychological moment to make "customers" more reliable and trust them.

[sikman]

It took me all of 5 seconds to see that site was a SCAM, it's such an amatur job my 4 yo could do better.... next....

Im running close to 80,000kh/s with my setup, It has 5 FPGA cards using PCI-E slot design, this is the prototype which is about to go into full production and will run on SOLAR power.

P.s. It has a TURBO button as well...

Cost: 10BTC pre-order only, will provide video's of it hashing after payment..

[coin@coin]

Today I found a link to the Scrypt ASIC International site on another thread re the new AMD R9X cards and I clicked on it. I didn't hear from them before so I looked through the site (more a blog) and went to the contact us section and submitted a query on when I could preorder one of their miners.
Less than 5 minutes later I got a reply and is pasted below together with the 4 pictures they attached, make ur own judgement 

************************************************************
Hi xxxxx,
 
I have a Unit 1 at home doing beta testing so you are in luck, I really
don't want the community to think that this company has a favorite coin
if i mine on a pool as it could really effect trust in the company. I
will however solo mine a random Scrypt coin for you and send you a
screenshot of my cgminer hashing and accepting blocks. I have had the
Unit 1 for a week now beta testing it and I have to say it runs amazing
on every single coin I tried it on solo.
 
If you are happy and ready to order, I can take the Bitcoin payment for
you order amount tonight even and call the warehouse staff to move how
ever many Unit you order to the reserved lockup.
 
The same as before each Unit 1 is £1500 equivalent in Bitcoins and
included worldwide delivery.
 
I can authorise you only 10 Units for purchase, the rest are going to be
for the release day in two months time.
 
Please let me know what you would like to do.
 
Kindest Regards
Scott Davenro
Customer Relations
Scrypt ASIC International

**************************************************************

[FiiNALiZE]

^

lol connected to localhost but somehow submitting shares?

Fucking hilarious

[fattypig]

Haha, clicked the link and immediately know it was scam (nice casing btw). You have to do better then that!!!

[csun]

That cgminer status screen... He couldn't even have bothered to photo-shop some of those stats... No way that the utility could be that low and the diff that high with scrypt.

50MHz on 500W for ~$2000 USD?

As much as I am having a difficult time coming up with a design for FPGA scrypt mining that will keep production cost relatively sane... there's no way you could produce an ASIC in such low volume for that sort of cost.

[CaptChadd]

^

lol connected to localhost but somehow submitting shares?

Fucking hilarious

Local host is right. They said they were solo mining.

[challen]

^

lol connected to localhost but somehow submitting shares?

Fucking hilarious

Local host is right. They said they were solo mining.

Solo-mining with a difficulty of 459k, submitted tons of shares yet their best share was 88.1k?

Something isn't adding up...

[SpeedDemon13]

http://scryptasic.org/

500 Watt PSU pushing 50,000 Kh/s avg.

Feasibility of this?

/Discuss

I'd believe a fpga before a asic miner for scrypt. The design for an asic miner would take AMD, Nvidia and/or Intel fab and income to produce. Nothing is impossible, but more likely improbable...

[sikman]

This company is a joke and trying to scam people, 1 look at the case with the GPU will tell the story, its just a standard videocard inside a SFF case and a hacked up cgminer screen, nothing more.

biggest giveaway is the Utility output: U:5.36/m, your telling me with 50,000kh/s it can only manage just over 5 shares per minute??

I'm 88.8% sure that videocard in that PC is a Powercolour 5870, same colour PCB and the heatsink pipe layout look identical as well, and the FAN shroud is placed in the middle if we had a front shot then will know.

Ref:





Compare to 50,000kh/s setup
-------------------------------------

[CaptChadd]

Well, take it how you will but they are now listed on cryptostocks.com

I will buy like 1 share just for the hell of it :-)