ASIC Testing on Scrypt?

[Cablez]

It would have been cooler if it was.  

ArtForz is contained.

He's locked in a box in my basement till spits out an LTC ASIC miner that works on solar powered Chrome Books!



~BCX~

Lol,  make sure to charge top dollar for it. LTC mining could be bigger than BTC!

[Lauda]

There are professional ASIC fab companies known to be exploring Litecoin ASICS. No reason why they couldn't have built one by now and are keeping quiet.

its a fact that its been done - people are stupid , we have learned this by observing how docile people are .

most of the population are damaged goods, unfortunately. 

Well yes. I keep noticing this.
If I had sucessfully created an ASIC for Scrypt I wouldn't share it either, so.. 

[FiiNALiZE]

There are professional ASIC fab companies known to be exploring Litecoin ASICS. No reason why they couldn't have built one by now and are keeping quiet.

its a fact that its been done - people are stupid , we have learned this by observing how docile people are .

most of the population are damaged goods, unfortunately. 

Well yes. I keep noticing this.
If I had sucessfully created an ASIC for Scrypt I wouldn't share it either, so.. 

Considering you'll make hundreds, if not thousands, of times more money selling the ASIC than mining with it, not sharing it would be idiotic.

[igysa]

maybe that  is the owner of http://middlecoin.com/  ? and all the miners on his pool are one user on the other pool (most profitable scrypt pool at the moment ?

https://bitcointalk.org/index.php?topic=259649.1560

maybe LTC was most profitable at the time picture was taken ? 

[Notanon]

maybe that  is the owner of http://middlecoin.com/  ? and all the miners on his pool are one user on the other pool (most profitable scrypt pool at the moment ?

https://bitcointalk.org/index.php?topic=259649.1560

maybe LTC was most profitable at the time picture was taken ? 

Plausible, particularly if all the work is being routed through the one account.

[Lauda]

Considering you'll make hundreds, if not thousands, of times more money selling the ASIC than mining with it, not sharing it would be idiotic.

Considering that I'll have almost half the hashrate for sure, means that I'll make less than everyone else?  

[DeathAndTaxes]

As stated upthread Middle coin is ~1.2 GH/s this was 2.1 GH/s.

[FiiNALiZE]

Considering you'll make hundreds, if not thousands, of times more money selling the ASIC than mining with it, not sharing it would be idiotic.

Considering that I'll have almost half the hashrate for sure, means that I'll make less than everyone else?  

Let's say you spent 15 million making a practical ASIC for Scrypt (+ production costs, etc.), and sure, let's say you have 13GH/s now (about half of total LTC hashrate).

At current diff and exchange prices, you will make about $28,000 a day.

After diff adjusts (estimating), you will only be making around $20,000 a day.

Now if you were smart, would you wait 2 years to get a positive ROI and risk having someone else develop an ASIC and push diff higher, or you would start a new Scrypt ASIC market?

Price each ASIC at $2,000, and you'll start getting a positive ROI after 7,500 orders.

[Edvin512]

Amd testing their Hawaii cards?

[Entz]

Price each ASIC at $2,000, and you'll start getting a positive ROI after 7,500 orders.

Isn't the better plan to "sell" them to get back your original investment, but due to whatever factors you want to make up, not ship them for say 6+ months and pocket the $20k-$28k /day ? Should a competitor come out just "release" them.

[jackjack]

Price each ASIC at $2,000, and you'll start getting a positive ROI after 7,500 orders.

Isn't the better plan to "sell" them to get back your original investment, but due to whatever factors you want to make up, not ship them for say 6+ months and pocket the $20k-$28k /day ? Should a competitor come out just "release" them.

Great idea!
Oh wait

[lucazane]

Considering you'll make hundreds, if not thousands, of times more money selling the ASIC than mining with it, not sharing it would be idiotic.

Considering that I'll have almost half the hashrate for sure, means that I'll make less than everyone else? 

Let's say you spent 15 million making a practical ASIC for Scrypt (+ production costs, etc.), and sure, let's say you have 13GH/s now (about half of total LTC hashrate).

At current diff and exchange prices, you will make about $28,000 a day.

After diff adjusts (estimating), you will only be making around $20,000 a day.

Now if you were smart, would you wait 2 years to get a positive ROI and risk having someone else develop an ASIC and push diff higher, or you would start a new Scrypt ASIC market?

Price each ASIC at $2,000, and you'll start getting a positive ROI after 7,500 orders.

Or ...
you sell your ASIC as preorder and you mine with it.

[barwizi]

Initial dev cost of a working  practical ASIC is less than two mil. The ideas are floating already, it's funny how people make it seem so unreachable. plus optimization i'd count 4 mil.

[FiiNALiZE]

Considering you'll make hundreds, if not thousands, of times more money selling the ASIC than mining with it, not sharing it would be idiotic.

Considering that I'll have almost half the hashrate for sure, means that I'll make less than everyone else?  

Let's say you spent 15 million making a practical ASIC for Scrypt (+ production costs, etc.), and sure, let's say you have 13GH/s now (about half of total LTC hashrate).

At current diff and exchange prices, you will make about $28,000 a day.

After diff adjusts (estimating), you will only be making around $20,000 a day.

Now if you were smart, would you wait 2 years to get a positive ROI and risk having someone else develop an ASIC and push diff higher, or you would start a new Scrypt ASIC market?

Price each ASIC at $2,000, and you'll start getting a positive ROI after 7,500 orders.

Or ...
you sell your ASIC as preorder and you mine with it.

lol you could do that and make everyone hate you but I believe that happy customers = $$$.

But whatever floats your boat  

Initial dev cost of a working  practical ASIC is less than two mil. The ideas are floating already, it's funny how people make it seem so unreachable. plus optimization i'd count 4 mil.

I was doing an inclusive estimate. Production costs, paying people, etc. I'd say in total, it should be around 10-15mil.

[barwizi]

Considering you'll make hundreds, if not thousands, of times more money selling the ASIC than mining with it, not sharing it would be idiotic.

Considering that I'll have almost half the hashrate for sure, means that I'll make less than everyone else?  

Let's say you spent 15 million making a practical ASIC for Scrypt (+ production costs, etc.), and sure, let's say you have 13GH/s now (about half of total LTC hashrate).

At current diff and exchange prices, you will make about $28,000 a day.

After diff adjusts (estimating), you will only be making around $20,000 a day.

Now if you were smart, would you wait 2 years to get a positive ROI and risk having someone else develop an ASIC and push diff higher, or you would start a new Scrypt ASIC market?

Price each ASIC at $2,000, and you'll start getting a positive ROI after 7,500 orders.

Or ...
you sell your ASIC as preorder and you mine with it.

lol you could do that and make everyone hate you but I believe that happy customers = $$$.

But whatever floats your boat  

Initial dev cost of a working  practical ASIC is less than two mil. The ideas are floating already, it's funny how people make it seem so unreachable. plus optimization i'd count 4 mil.

I was doing an inclusive estimate. Production costs, paying people, etc. I'd say in total, it should be around 10-15mil.

i'll put 5, you put 5 and we rape this crowd

[mkmen]

Hashrate that bounces all over the place is a pretty good indicator of a botnet. You can't go by the number of connections, obviously, but one thing they can't really hide well is bots coming online and going offline.

I'd say the same, include GPU miner in some of the latest games (cracked) and people won't even notice.

Or ...
you sell your ASIC as preorder and you mine with it.

All butterflies approve.  

[Lauda]

How about we fund a ASIC Scrypt development on kickstarter? 

[smolen]

Considering you'll make hundreds, if not thousands, of times more money selling the ASIC than mining with it, not sharing it would be idiotic.

Retail route is not so easy. One have to consider tax laws, customs laws, customer protection laws, certification compliance laws, cryptography regulation laws and whatever else laws invented on half of our globe. Add to that customer service, repair and replacement costs. On the other hand, private mining operation could be done with rented datacenter in country with cheap power (and possible VAT refunds for it ) and an office, may be even virtual one, in some low-tax jurisdiction with lasy but sane lawmakers. Fiat profits from such structure could be recognized as dividends or royalty, carrying no risk of upcoming bitcoin-related regulations.

[Magic8Ball]

He also appears to be clueless about the BIOS and AMD driver limits which make 16 GPU per system an impossibility.  In theory using PCIe bridge is possible but nobody with any capital dumped it into custom GPU boards when you could dump it into custom ASICs and make a fortune (in the early days). 

Here's a 400A disconnect ahead of one of the subpanels that fanout power to each row of racks:

Some quality trolling

[Hippie Tech]

Hi all

Has anyone noticed that those tiny but very frequent spikes resemble what a descent sized USB asic farm looks like when the difficulty is set too low ?

With getwork, the auto vardiff will cause similar spikes.