Topic: Crowd funded ASIC miner device - page 2. (Read 4895 times)
jubalix: you wouldn't. I realised that the FPGAs that I have can give 150-200 kHash/s for LTC and that is a 3000$ FPGA.
I'm starting a new topic on this (old) theme to ask you guys if you think you see the possibility of starting a crowd funded ASIC miner project.
My proposal is to start is for me to startup new company funded by you, the people interested in buying such a device. The things can be arranged legally so that I would not be able to access the funds (or be able to access them and risking extortion charges) of this company without your permission (and this could be done with a voting system by signing messages from a bitcoin address). The profit that I get if the device will be a success can be proportional to some variables like: the price of the final product, delivery time, performance, power efficiency etc.
About myself: I have electronics background. I hold now an engineer position where I develop HDL code and design PCBs. I discovered the bitcoin three months ago and started to make my own FPGA mining rig with some FPGAs that I had at home, so the algorithm it is well known by me. The project was a success: 20GHash/s and 1,2kW consumption.
So, anybody interested? Opinions?
My proposal is to start is for me to startup new company funded by you, the people interested in buying such a device. The things can be arranged legally so that I would not be able to access the funds (or be able to access them and risking extortion charges) of this company without your permission (and this could be done with a voting system by signing messages from a bitcoin address). The profit that I get if the device will be a success can be proportional to some variables like: the price of the final product, delivery time, performance, power efficiency etc.
About myself: I have electronics background. I hold now an engineer position where I develop HDL code and design PCBs. I discovered the bitcoin three months ago and started to make my own FPGA mining rig with some FPGAs that I had at home, so the algorithm it is well known by me. The project was a success: 20GHash/s and 1,2kW consumption.
So, anybody interested? Opinions?
If you could make a FPGA LTC miner now that would be something I may invest in
@tbd: really I optimized the existing open source code to be able to squeeze two fully unrolled SHA256d cores in one big FPGA. About the ASIC: the chip is the expensive and the most time consuming part of the project and as I propose that the public fund the project I think is miners what they want and not chips.
@witherworth: there is no company. With me everything must start from zero as that is exactly what I have in terms of money. I know that the community lost money and hopes as many failed to keep their promises but I cannot do anything without your financial support. And also any technical support will be welcomed.
Here is one of the two rigs: under each heatsink there is one Virtex 6. The green PCB next to each heatsink is a power supply with 25A@1V for the FPGA core. One level below the top you can see a Digilent Nexys3 board. That board acts as a remote (over TCP) multiple serial port. Hope you enjoy.
http://i47.tinypic.com/2rfubf4.jpg
@witherworth: there is no company. With me everything must start from zero as that is exactly what I have in terms of money. I know that the community lost money and hopes as many failed to keep their promises but I cannot do anything without your financial support. And also any technical support will be welcomed.
Here is one of the two rigs: under each heatsink there is one Virtex 6. The green PCB next to each heatsink is a power supply with 25A@1V for the FPGA core. One level below the top you can see a Digilent Nexys3 board. That board acts as a remote (over TCP) multiple serial port. Hope you enjoy.
http://i47.tinypic.com/2rfubf4.jpg
I'm starting a new topic on this (old) theme to ask you guys if you think you see the possibility of starting a crowd funded ASIC miner project.
My proposal is to start is for me to startup new company funded by you, the people interested in buying such a device. The things can be arranged legally so that I would not be able to access the funds (or be able to access them and risking extortion charges) of this company without your permission (and this could be done with a voting system by signing messages from a bitcoin address). The profit that I get if the device will be a success can be proportional to some variables like: the price of the final product, delivery time, performance, power efficiency etc.
About myself: I have electronics background. I hold now an engineer position where I develop HDL code and design PCBs. I discovered the bitcoin three months ago and started to make my own FPGA mining rig with some FPGAs that I had at home, so the algorithm it is well known by me. The project was a success: 20GHash/s and 1,2kW consumption.
So, anybody interested? Opinions?
My proposal is to start is for me to startup new company funded by you, the people interested in buying such a device. The things can be arranged legally so that I would not be able to access the funds (or be able to access them and risking extortion charges) of this company without your permission (and this could be done with a voting system by signing messages from a bitcoin address). The profit that I get if the device will be a success can be proportional to some variables like: the price of the final product, delivery time, performance, power efficiency etc.
About myself: I have electronics background. I hold now an engineer position where I develop HDL code and design PCBs. I discovered the bitcoin three months ago and started to make my own FPGA mining rig with some FPGAs that I had at home, so the algorithm it is well known by me. The project was a success: 20GHash/s and 1,2kW consumption.
So, anybody interested? Opinions?
With as many preorders failing to ship and other issues, I don't think any other company is ever going to be able to take preorders or crowd funding. I think, as a community, we've been burned enough times.
For a serious suggestion, start this company and go as far as you can go without taking anyone else's money. If you show that you've put in your own money and time, people will be much more willing to buy-in in the future. I suggest you get some designs going, get a quote from someone (and release the details, such as the company, price and delivery schedule). After you've done all this and have mountains of work to show, then you can come back and ask for funding. In the meantime, on tribute back to the forums and community by releasing details about your FPGAs and mining operations. If we can't trust you to share info like this, what makes you think we'll trust you with our money?
Leaving out building the miner, what do you think of developing the ASIC and selling the chips? Should be faster time to market, and relatively straightforward if you've already developed your own SHA256 core.
I think its a bit late trying to develop an asic from the start. But if you want to try you first would need to provide data to ensure youre a real person and so on. Otherwise people wont invest into an anonymous user with 8 posts on the forum.
It is impossible to not reveal my identity and do the things as I proposed. For the moment we are just talking if it is possible my proposal.
The future is very uncertain so I don't know if it is too late, that's up to you. I estimate that 9 months to one year is needed to manufacture such a device. If by that time some ASIC miner "providers" don't deliver then it's a good idea to do this project.
I think its a bit late trying to develop an asic from the start. But if you want to try you first would need to provide data to ensure youre a real person and so on. Otherwise people wont invest into an anonymous user with 8 posts on the forum.
I'm starting a new topic on this (old) theme to ask you guys if you think you see the possibility of starting a crowd funded ASIC miner project.
My proposal is to start is for me to startup new company funded by you, the people interested in buying such a device. The things can be arranged legally so that I would not be able to access the funds (or be able to access them and risking extortion charges) of this company without your permission (and this could be done with a voting system by signing messages from a bitcoin address). The profit that I get if the device will be a success can be proportional to some variables like: the price of the final product, delivery time, performance, power efficiency etc.
About myself: I have electronics background. I hold now an engineer position where I develop HDL code and design PCBs. I discovered the bitcoin three months ago and started to make my own FPGA mining rig with some FPGAs that I had at home, so the algorithm it is well known by me. The project was a success: 20GHash/s and 1,2kW consumption.
So, anybody interested? Opinions?
My proposal is to start is for me to startup new company funded by you, the people interested in buying such a device. The things can be arranged legally so that I would not be able to access the funds (or be able to access them and risking extortion charges) of this company without your permission (and this could be done with a voting system by signing messages from a bitcoin address). The profit that I get if the device will be a success can be proportional to some variables like: the price of the final product, delivery time, performance, power efficiency etc.
About myself: I have electronics background. I hold now an engineer position where I develop HDL code and design PCBs. I discovered the bitcoin three months ago and started to make my own FPGA mining rig with some FPGAs that I had at home, so the algorithm it is well known by me. The project was a success: 20GHash/s and 1,2kW consumption.
So, anybody interested? Opinions?
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