rico666 thanks for not sending me to GTFO
Tried to read "What We Do" more attentive.
One question still remains: did you estimate required funds to make FPGA or ASIC clients for LBC? I guess ordinary bitcoin mining ASICs wouldn't be effective (or suitable at all)?
ASICs - as the "Application-Specific" part suggests - are of use only for a very narrow usage case. Bitcoin miners have scrapyard value beyond BTC* mining.
I asked
http://www.orsoc.se/ what the cost of ASIC development might be about 2 months after launching the pool.
ORSoC is/was the technology development company behind KnC and I thought it would be a good address to ask.
Unfortunately never got any answer. I might try again.
Bitcoin miners do a SHA256d essentially.
The LBC does ECC, followed by hash160, followed by bloom filter lookup
Now the hash160 is actually less demanding than SHA256d and if it was only for that, I'm pretty sure that hash160 ASICs could deliver more performance than SHA256d ASICs.
The ECC however, requires 256bit multiplications and that is serious stuff taking up whole FPGA circuits. (at least until a few years ago)
At the moment we do these ECC things on CPU and hash160 on GPU
An ASIC doing hash160 and Bloom-filter lookup (512MB chips containing the BLF connected directly to the ASIC) I can imagine, but I can't imagine how to feed it with ECC data.
ECC on ASIC I can't imagine, but then again, I am a VHDL, Verilog, FPGA, ASIC noob.
It would certainly be good if we managed to establish at least some informal smalltalk with ORSoC (or similar) engineers about this.