*SCRYPT FPGA* - CryptoIndustries.com - official Bitcointalk thread

[The Koolio]

Today marks the first time me and my partner (Motaboy) go live with our product details for our SCRYPT FPGA which we have been working on for the past 6-8 months. Please visit our site http://www.CryptoIndustries.com for complete overview.

Our machines come in 1, 5 and 10  MH/s variants. They are all made up of our barebone board named "Ra". Our machines are internally made up of multiple boards as well as a RaspberryPi controller. They have built in psu's which will be high efficiency and also 4 line lcd displays which will show various stats such as speed, share count, temperatures and also status. We expect PEAK temperatures to be no more than 45-50c and power usage will be a fraction of GPU equivalents.

Our Ra boards are built around Xilinx Artix 7 fpga chips (28nm) and run with external memory. As stated they will be controlled by mining software which will run and managed on a RaspberryPi. The software itself will be a modified version of CGMiner (opensource). We will also be selling a barebone board, but we will present details of this once our final board arrives back from the PCB prototyping facility.

We will from delivery enable mining of Litecoin (LTC) & Feathercoin (FTC) with future SCRYPT based coins being added in following updates. There will be various ways of updating user settings including preformatted files through USB and IP access. The machines can mine SHA256 coins, however we assume 99.9% of our customer base would not want to.

As time goes on we will be updating this thread with news, but right now our product has a finished design and we are awaiting our final prototypes. We are not opening for orders yet as we are negotiating prices with suppliers of our chips. The product photos you see are indeed renders, but show exact versions of the cases we are getting made at our UK based enclosure manufacturer. We will be of course showing videos and doing a meetup (London) allowing potential customers to have a hands on and see the product hashing. At this present time we feel an IPO does not serve any purpose to us as we are self funded however we will be offering hosted mining via contracts and are currently sourcing a cost effective location and electricity provider to offer this to our customers.

We are a UK registered company (Companies House)

Company Name:
CRYPTO INDUSTRIES LTD

Company Number:
08701585

Registered Address:
145-157 St John Street
London
EC1V 4PW

For those unaware I am Koolio on BTC-E.com where Im a moderator. I own and run the escrow site http://www.koolioescrow.com also. If you have any questions then don't hesitate to get in touch on contact@cryptoindustries.com

*WE ENCOURAGE YOU TO VISIT OUR SITE AND HAVE A LOOK AT OUR MACHINES. SIGN UP TO OUR NEWSLETTER IN THE FOOTER TO GET PRIORITY NEWS UPDATES*

*http://www.cryptoindustries.com*

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[Lottery Tickets]

Interesting

[Simran]

I get one for free, right, uncle?

[tokyoghetto]

[Hazard]

hmm

[The Koolio]

I get one for free, right, uncle?

Birthday present possibly XD

[hendo420]

Great Googly Moogly!!!  


Estimated pricing?

[Simran]

I get one for free, right, uncle?

Birthday present possibly XD

:DDDDDDD

[The Koolio]

Great Googly Moogly!!!  


Estimated pricing?

That will come soon, we have a few things to clear up first with suppliers and our manufacturing process

[aysyr]

Great to hear you're working on an FPGA Koolio. I'll definitely be contemplating on pre-ordering/buying one if my budget allows

[Simran]

Yay for free FPGA for me!!! <3333333

[Caesar V]

So koolio, you're not going to be selling them for now - just renting?

Does that mean we cannot switch to another coin at will? for example - a new coin that I like is released on here, I cannot mine it without contacting your people and setting it up first?

Also, congratulations!

[tacotime]

Why not port immediately to ASIC?  I'm sure you could raise the venture capital.  You could also just patent your design and sell it to one of the other large ASIC companies.

[theBee2112]

How long would you estimate it would take for manufacturing? If prices are reasonable, I'd order some... As long as they don't take too long to arrive.

[aysyr]

So koolio, you're not going to be selling them for now - just renting?

Does that mean we cannot switch to another coin at will? for example - a new coin that I like is released on here, I cannot mine it without contacting your people and setting it up first?

Also, congratulations!

I think he means the software that comes along with it will only be supporting Feathercoin and Litecoin initially.

[The Koolio]

So koolio, you're not going to be selling them for now - just renting?

Does that mean we cannot switch to another coin at will? for example - a new coin that I like is released on here, I cannot mine it without contacting your people and setting it up first?

Also, congratulations!

We will be selling once we have our prices and supplies fully arranged. Hosted mining will most likely come after initial customer sales. We wouldn't be 'renting' as such but just offering a set amount of KH/s or MH/s for a set period of time. In terms of adding coins we are offering FTC and LTC from the get go, however updates will come regularly with new coins. We will most likely be asking for customers to submit new coins for proposal when they surface (there are too many sites where coins are launched for us to keep an eye on).

We will be offering boards as a barebone option which will in fact allow user made mining software and as a result you could implement your own coins without waiting for our updates.

[The Koolio]

Why not port immediately to ASIC?  I'm sure you could raise the venture capital.  You could also just patent your design and sell it to one of the other large ASIC companies.

Problem with ASIC design is it costs so much. Minimum investment for design only is 7 figures. Dont get me wrong, we would love to have subsequent hardware in the form of an ASIC but FPGA is the obvious stepping stone. Also the price of SCRYPT coins right now would mean it would be a very high risk on ROI for us to make an ASIC. If this initial product range goes well we will indeed look for investment to go ASIC.

[The Koolio]

How long would you estimate it would take for manufacturing? If prices are reasonable, I'd order some... As long as they don't take too long to arrive.

We estimate that it will take around 8-10 weeks to deliver from close of our batch. The bulk of that wait is actually from waiting for FPGA chips to be delivered to us, and then on to the PCB manufacturer (or direct).

[Magazine]

Awesome a UK seller too, I am fed up of dealing with overseas people.

[El Cabron]

epic, looking forward to the pricing!