LargeCoin Pricing Announced; Taking Pre-Orders

[RoadStress]

ttul when can we see a live demo and specs of the hardware and at what temperature is running and all every other info?

[Brian DeLoach]

ttul when can we see a live demo and specs of the hardware and at what temperature is running and all every other info?

It only exist on paper at the moment.

[Raize]

So you will make back your ฿3000 by around June of next year. Breakeven is ~10.5 months assuming no power costs and difficulty stays constant.

And price per BTC.

If this thing is real, price isn't going to stay put, a lot of GPU miners are going to switch, and the average miner willing to sell mined coin is going to decrease, at least temporarily. If demand for BTC remains the same, this means the price is going up.

[malevolent]

Any info on the company?
Is the offer for $15k still valid?

[Inspector 2211]

Any info on the company?
Is the offer for $15k still valid?

They just sent me an email that SIGNIFICANTLY MORE than 25 people have ordered one at $15,000 each, and they will honor all these [legally probably non-binding] commitments. So, you can give it a shot and try to order one on their order website. If it still says $15,000, chances are, you'll be in.

[TheSeven]

Any info on the company?
Is the offer for $15k still valid?

They just sent me an email that SIGNIFICANTLY MORE than 25 people have ordered one at $15,000 each, and they will honor all these [legally probably non-binding] commitments. So, you can give it a shot and try to order one on their order website. If it still says $15,000, chances are, you'll be in.

If they can afford to do that, their profit margin must be well above 50% at the regular price...

[coblee]

They just sent me an email that SIGNIFICANTLY MORE than 25 people have ordered one at $15,000 each, and they will honor all these [legally probably non-binding] commitments. So, you can give it a shot and try to order one on their order website. If it still says $15,000, chances are, you'll be in.

Just think, it only takes 500 of these (or 200 rig boxes) to match the current network hashrate of 10thash/s. With all the BFL rigboxes and LC C200s coming online in a few months, difficulty is about to explode. My previous calculation of 1 year breakeven at this lower price will be way off if difficulty explodes.

[antirack]

Just think, it only takes 500 of these (or 200 rig boxes) to match the current network hashrate of 10thash/s. With all the BFL rigboxes and LC C200s coming online in a few months, difficulty is about to explode. My previous calculation of 1 year breakeven at this lower price will be way off if difficulty explodes.

500 of these babies at $15k would be like 15% of the total Bitcoins in existence (or $7.5 million dolla) spent on this. My bet is that at least a few would have to resell their GPU mining rigs to make that jump, but yes, this will probably drive difficulty (along with all the new upcoming products from the known FPGA developers like ngzhang, Ztex, BFL, X6500 etc).

The only sure and low-risk way of making money with all this seems to be making your own mining hardware, let others pay for development and production, and then sell it to us crazy miners (see BFL or this thread). Just kidding of course.

[ElectricMucus]

This is a 50% attack in the making. (DRM, access via their web interface, the capabilities of a asic could be much higher than the devices are sold for)

Or it's a fraud.

Or both.

[cablepair]

http://wiki.btcfpga.com


Largecoin - I welcome you to add your own page here ! Thanks!

[rjk]

http://wiki.btcfpga.com


Largecoin - I welcome you to add your own page here ! Thanks!

But its a btcasic not a btcfpga... lol

[Raoul Duke]

http://wiki.btcfpga.com


Largecoin - I welcome you to add your own page here ! Thanks!

But its a btcasic not a btcfpga... lol

*/ quietly registers btcasic.com /*

[cablepair]

http://wiki.btcfpga.com


Largecoin - I welcome you to add your own page here ! Thanks!

But its a btcasic not a btcfpga... lol

even so we have gpus on their for comparison as well as BFL which might be an asic? half an asic? has that been determined yet?

RJK you rule this thread with an iron fist man - you order like 10 of these or something?

[rjk]

RJK you rule this thread with an iron fist man - you order like 10 of these or something?

lolwut no, I was kidding you

If I had the cash, I would have been in at half price, but didn't have any to spare. Shame, I have a nice rack they could live in.

[cablepair]

http://wiki.btcfpga.com


Largecoin - I welcome you to add your own page here ! Thanks!

But its a btcasic not a btcfpga... lol

*/ quietly registers btcasic.com /*

go ahead I already own bitcoinasic.com

[MelMan2002]

So...has anyone been contacted about paying the deposit yet?

[JWU42]

Agreed - got very quiet this past week... 

[Inspector 2211]

So...has anyone been contacted about paying the deposit yet?

No. I'm in Europe right now and would actually prefer to wire the deposit from Europe, and I told them that, but they replied by email that they need more time to set up everything.

As I was the first one to fill out the document they sent to everyone who expressed interest in buying a rig (the document was mostly about confirming name & address), they sent me a gift via Amazon.com (I think it is a Nerf gun - I'll give it to my son, whose 9th birthday is coming up).

[julz]

I'm curious as to roughly what conditions would have to hold to break even in any reasonable timeframe. (even at the $15K price)

Looking at the pace of development of FPGAs, and with this ASIC based solution and possibly others in the wings, surely difficulty is set to crank right up in a few months - even if the price holds around current levels.

Taking an approximate cost of 3000BTC.. (likely a fair bit more depending on your tax/shipping issues)   it seems to me you'd be very lucky to earn 1500BTC between receipt of the machine in July and the reward halving.
By that time, with more FPGA farms humming away and continual sales of these ASIC devices at presumably similar if not lower costs, I'd guess you'd be extremely lucky to get the other 1500BTC of your initial investment over the entirety of 2013.

Is that what initial purchasers are going for?  Lock up all that money for the chance that at the beginning of 2014 they may have a now long-in-the-tooth piece of hardware to start earning profit with?

Am I way off? What's the possible win here?   What events would cause this purchase to be more obviously worthwhile?

[Inspector 2211]

julz, I can only answer for myself, but for me the potential for profit is nice, but it is not the only motivation for investing in 12 BFL singles, all of them undelivered, and one LargeCoin box, undelivered as well. An equally strong motivation for me is the prospect of a portable, anonymous and potentially even unaccountable and untraceable income stream. Consider, for instance, what would happen if a married couple with 3 kids, the guy a software engineer and the woman a housewife, were to divorce in the People's Republic of California. I tell you what would happen: The guy would be left with an income similar to what a single guy who flips burgers at McDonalds makes, and the ex-wife would be riding the gravy train at about 2.5 times that amount. The guy would be one medical issue, one car accident, one layoff away from living on the streets. Literally. A significant percentage of the homeless population in California are divorced guys who had their wages garnished and thus could not afford the rent anymore.