FPGA card loan | Bitcointalksearch.org

DeathAndTaxes

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Gerald Davis

Quote from: windowsdefender on February 01, 2012, 08:51:04 PM

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.

windowsdefender

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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)

jake262144

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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.

windowsdefender

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I know this is slightly evil but for the rental period lock them in to the modified miner. I

DeathAndTaxes

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Gerald Davis

Quote from: windowsdefender on February 01, 2012, 06:56:52 PM

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.

windowsdefender

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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.

DeathAndTaxes

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Gerald Davis

Quote from: torusJKL on January 31, 2012, 02:35:29 AM

Quote from: windowsdefender on January 30, 2012, 10:50:40 PM

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.

windowsdefender

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Thanks for the tip Wink

torusJKL

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Quote from: windowsdefender on January 30, 2012, 10:50:40 PM

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!

stcupp

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Quote from: someone703 on January 30, 2012, 09:04:42 PM

Quote from: iNs4nePT on January 30, 2012, 08:56:56 PM

Out of curiosity, how well do these FPGA boards hold their value?

Beats me, but I would think their ability to retain value would be pegged according to the value/difficulty of bitcoins since they'd have little to no use for people besides mining?

With Radeon GPUs, you can sell it to someone for mining or to someone who intends to use it for gaming making it easier to sell and hold value.

FPGA's are actually very useful and can be used for many things other than mining but only for very smart people who build complicated circuit boards and do electrical engineering.... I'd say theres more gamers so it would be easier to sell a video card but I see FPGA's getting sold out all the time

windowsdefender

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So you consider walking up to a bank for a loan panhandling?

jake262144

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Sure Randy, where do you need it dropped? Want them SAS arrays too? You might need that extra storage speed, you know.
Just drop me a word when you've done with them Grin

RandyFolds

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Quote from: windowsdefender on January 30, 2012, 08:47:43 PM

I know I know, but I think that might be someone that would be willing to help out, even small amounts help.
Also for someone703 I am 100% willing to spend my own money in this operation, but I am just getting started so it turns into a cycle of nothing happening.
-Windowsdefender

Then save up some money and spend 100% of it on your own shit.

You really think that you earn trust by panhandling for ridiculously expensive computer gear?

Anyone got a 16-core Opteron for me to benchmark for an unknown amount of time?

iNs4nePT

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Quote from: someone703 on January 30, 2012, 09:04:42 PM

Quote from: iNs4nePT on January 30, 2012, 08:56:56 PM

Out of curiosity, how well do these FPGA boards hold their value?

Beats me, but I would think their ability to retain value would be pegged according to the value/difficulty of bitcoins since they'd have little to no use for people besides mining?

With Radeon GPUs, you can sell it to someone for mining or to someone who intends to use it for gaming making it easier to sell and hold value.

Exactly what my thoughts...

Paying $400 for a GPU is a much smaller investment than an FPGA, if you can easily sell it for $300 later...
...even with painful electricity prices.

someone703

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PredX - AI-Powered Prediction Market

Quote from: iNs4nePT on January 30, 2012, 08:56:56 PM

Out of curiosity, how well do these FPGA boards hold their value?

Beats me, but I would think their ability to retain value would be pegged according to the value/difficulty of bitcoins since they'd have little to no use for people besides mining?

With Radeon GPUs, you can sell it to someone for mining or to someone who intends to use it for gaming making it easier to sell and hold value.

iNs4nePT

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Quote from: fred0 on January 30, 2012, 08:37:10 PM

You don't need to borrow an FPGA to see if it will be profitable, you need to do some math.

http://tpbitcalc.appspot.com/

I wish i didn't have to almost double the electricity price on these calcs every time Angry

Out of curiosity, how well do these FPGA boards hold their value?

windowsdefender

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I know I know, but I think that might be someone that would be willing to help out, even small amounts help.
Also for someone703 I am 100% willing to spend my own money in this operation, but I am just getting started so it turns into a cycle of nothing happening.
-Windowsdefender

fred0

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You don't need to borrow an FPGA to see if it will be profitable, you need to do some math.

http://tpbitcalc.appspot.com/

someone703

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The problem is that you're trying to get people to do something that requires a great amount trust to do when you have yet to earn any trust. And even the ones with trust wouldn't be likely to get someone to just lend them stuff for the hell of it. They'd just go and read up a bunch on others' experiences with FPGA's.

That, and you're not trying to spend any money to make a large sum of money; you're just hoping someone will loan you something that's worth $500+ for an extended period of time (when they could be using their hardware to mine for bitcoins for themselves).

windowsdefender

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At least I admit it.

Topic: FPGA card loan (Read 2013 times)