Litecoin ASIC

[thehedgemon]

Greetings my Litecoin enthusiasts. I am posting this to reach out to the altcoin community and begin discussion on the emergence of Litecoin ASIC rigs.

I am an entrepreneur that has been involved in the Bitcoin community for some time and my team and I are looking to expand our business operations. Currently, I have become involved in an ASIC manufacturing plant and we're looking to take on clients to start prototyping and hopefully down the line, begin production of a Litecoin ASIC.

If you have any expertise/knowledge in the production of such ASIC and FPGA machines, please PM me. Our team has the capital and the means to push such a product on a massive scale. We're looking to find the right engineer/partner and begin developing a working product.

We look forward to your responses!

[1714892365]

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[anderl]

Greetings my Litecoin enthusiasts. I am posting this to reach out to the altcoin community and begin discussion on the emergence of Litecoin ASIC rigs.

I am an entrepreneur that has been involved in the Bitcoin community for some time and my team and I are looking to expand our business operations. Currently, I have become involved in an ASIC manufacturing plant and we're looking to take on clients to start prototyping and hopefully down the line, begin production of a Litecoin ASIC.

If you have any expertise/knowledge in the production of such ASIC and FPGA machines, please PM me. Our team has the capital and the means to push such a product on a massive scale. We're looking to find the right engineer/partner and begin developing a working product.

We look forward to your responses!

Would this ASIC plant happen to be in Nigeria?  jk

You might be a little late to the game because a Chinese manufacture that has mass produced the first batch 2 months ago, an FPGA developer that has been shipping since November, 2 ASIC developers  that are 2-3 months in development of 23nm chips and shipping in June/July and one that is accepting deliver for self hosting in their own data centers.

[drmosh]

gonna be late to the game...

[mr7950]

Yes just a little late to the game it would seem.

http://www.fibonacci.io/   

[broken_pixel]

Hurry and pre order the vaporware before it's gone.

[thehedgemon]

Obviously there are other competitors, and there always will be. However, we have means to scale up production speed to compensate for lost time. Again, if anyone is interested please PM me.

[anderl]

Obviously there are other competitors, and there always will be. However, we have means to scale up production speed to compensate for lost time. Again, if anyone is interested please PM me.

Development is still development and there is nothing you can do to speed that up. So you are still looking at 6 months out even if you have scale. Sure you'll pump out a lot of units that first batch but it will still take you 6 months.

And the CBA is more than likely going to not be in your favor at that point because first you are late to the party and second difficulty will be very high at the point when you start development. So the potential for getting buyers will be low as they will gravitate to know and proven sellers.

What scale is your fabricator at? Seems to me the way you are talking you really don't have a clue about chip engineering. If you have access to an ASIC chip fabricator then you already have access to engineers that can design those chips. Your fabricator should already have partners that can do it if they don't already have engineers in house.

Something is fishy here.

[empoweoqwj]

Its not too late. Several of the bitcoin ASIC manufacturers were "late to the party" and are now doing very well. It depends on getting a good team + funding together.

[anderl]

Its not too late. Several of the bitcoin ASIC manufacturers were "late to the party" and are now doing very well. It depends on getting a good team + funding together.

They were late to the party because the party was fabricating at 65nm. The late comers leap frogged straight to 23nm. LTC ASICs are jumping straight to 23nm. So there is no way someone coming in now will be able to jump ahead.

[broken_pixel]

Scrypt is going to hate ASIC Scrypt miners, it kinda defeats the purpose of being Scrypt. I hope the algos change so to keep the GPU mining market open to people and not be pooped on by the people with the most money.

[illodin]

I hope the algos change so to keep the GPU mining market open to people and not be pooped on by the people with the most money.

This. Would be interesting to see the shit storm that follows when scrypt coins one by one decide to fix the algorithm a bit.    Scrypt coins were designed so they couldn't be mined with ASICs, so if you're willing to cheat then you're willing to risk it all.

[empoweoqwj]

Its not too late. Several of the bitcoin ASIC manufacturers were "late to the party" and are now doing very well. It depends on getting a good team + funding together.

They were late to the party because the party was fabricating at 65nm. The late comers leap frogged straight to 23nm. LTC ASICs are jumping straight to 23nm. So there is no way someone coming in now will be able to jump ahead.

They can always have competition though. It is *never* too late to compete if you know what you are doing.

[thehedgemon]

Obviously there are other competitors, and there always will be. However, we have means to scale up production speed to compensate for lost time. Again, if anyone is interested please PM me.

Development is still development and there is nothing you can do to speed that up. So you are still looking at 6 months out even if you have scale. Sure you'll pump out a lot of units that first batch but it will still take you 6 months.

And the CBA is more than likely going to not be in your favor at that point because first you are late to the party and second difficulty will be very high at the point when you start development. So the potential for getting buyers will be low as they will gravitate to know and proven sellers.

What scale is your fabricator at? Seems to me the way you are talking you really don't have a clue about chip engineering. If you have access to an ASIC chip fabricator then you already have access to engineers that can design those chips. Your fabricator should already have partners that can do it if they don't already have engineers in house.

Something is fishy here.

To honestly answer your question, you are correct in that I have no experience with chip engineering. This lack of understanding is the reason for my post. If I were a skilled chip engineer in addition to my bizdev skills, I wouldn't be here! I simply have access to a manufacturing plant and capital, so I'm seeking consultation in the arena of Scrypt and ASIC expertise.

[VincentDS]

Scrypt is going to hate ASIC Scrypt miners, it kinda defeats the purpose of being Scrypt. I hope the algos change so to keep the GPU mining market open to people and not be pooped on by the people with the most money.

Check out vertcoin, an Adaptive N-factor Scrypt coin, which ASICs will not be able to mine https://bitcointalk.org/index.php?topic=404364.0

[anderl]

Scrypt is going to hate ASIC Scrypt miners, it kinda defeats the purpose of being Scrypt. I hope the algos change so to keep the GPU mining market open to people and not be pooped on by the people with the most money.

Check out vertcoin, an Adaptive N-factor Scrypt coin, which ASICs will not be able to mine https://bitcointalk.org/index.php?topic=404364.0

I expect this to be the next LTC.  But ASICs will be able to mine it in the future once it is profitable to design an FPGA/ASIC for it.

[empoweoqwj]

Scrypt is going to hate ASIC Scrypt miners, it kinda defeats the purpose of being Scrypt. I hope the algos change so to keep the GPU mining market open to people and not be pooped on by the people with the most money.

Check out vertcoin, an Adaptive N-factor Scrypt coin, which ASICs will not be able to mine https://bitcointalk.org/index.php?topic=404364.0

I expect this to be the next LTC.  But ASICs will be able to mine it in the future once it is profitable to design an FPGA/ASIC for it.

From the hundreds of coins out there now, how can anyone predict what will be the "next big thing"? Its a coin jungle out there, and the jungle is growing daily.

[ltcifc]

Any others that take pre-orders besides Alpha T?