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Author Topic: FPGA card loan  (Read 1703 times)
DeathAndTaxes
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Gerald Davis


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February 01, 2012, 03:18:13 PM
 #21

So you consider walking up to a bank for a loan panhandling?
I don't know what the interest rate of your bank is. But I guess it is more then you could earn by mining.
If you don't have enough money to buy your own gear you can invest into the FPGA.contract on GLBSE. Don't forget to export the GLBSE account after investing or it might be lost!

Not that people should be FPGA on credit card but no it isn't more than you can get from mining.

Take ztek board as an example.
$400.  @ $200 MH mining calc says that is good for $25.72 per month.
9W * 24 * 30 / 1000 *$0.10 = $0.65.  
$400 @ 16% interest = 1.5% per month.  = $6.00

$25.72 - $0.65 - $6.00 = $19.07

$19.07 net return on $400 principal = 4.77% monthly return.  0.0477^12 = 75% annual return.

Yes mining return rates are very high (granted risk is very high too).
Hell I would offer "rent to own" FPGA boards if it weren't for the risk of default.  Too easy for someone to just take the board and run.

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February 01, 2012, 11:56:52 PM
 #22

I have a plan to prevent default, add some hidden code to automatically send some of the bitcoins generated to you, once the debt is payed off remove the code from the miner.
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Gerald Davis


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February 02, 2012, 12:02:09 AM
 #23

I have a plan to prevent default, add some hidden code to automatically send some of the bitcoins generated to you, once the debt is payed off remove the code from the miner.

Except they can use any miner.
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February 02, 2012, 01:19:37 AM
 #24

I know this is slightly evil but for the rental period lock them in to the modified miner. I
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February 02, 2012, 01:27:00 AM
 #25

Impossible.
An FPGA is just that - Field-Programmable device, meaning that the end user can reprogram it at leisure.
Please name one DRM scheme which has not been trivially broken.
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February 02, 2012, 01:51:04 AM
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You have a point, what I said was in a perfect world (also you can use a ASIC), someone should go into business selling ASIC miners (D&T I mean you)
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February 02, 2012, 02:51:11 AM
 #27

You have a point, what I said was in a perfect world (also you can use a ASIC), someone should go into business selling ASIC miners (D&T I mean you)

1) I don't have the 5 to 10 million.  I asked my wife but she says she only has 2 million so we are still short.

2) There is no DRM which isn't broken.  Period.  None.  If the incentive is a free expensive piece of hardware you can be sure it will be broken within days.
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