Well - sorry - it's all bullshit.
I'll say up front, and I know I'll be correct, no company that doesn't deal with BTC knows how to make BTC hardware.
Simple fact.
They all fail.
Even the people with BTC experience are unable to produce something in less than 6 months.
Unless they are buying sha256 chips already made by ASICMINER or Avalon, they wont be producing anything inside 6 months.
It wont happen.
This crap about "in just a few months" is rubbish unless they are buying already working ASIC chips from one of the companies that has already made ASIC BTC mining devices.
I'll say up front, and I know I'll be correct, no company that doesn't deal with BTC knows how to make BTC hardware.
Simple fact.
They all fail.
Even the people with BTC experience are unable to produce something in less than 6 months.
Unless they are buying sha256 chips already made by ASICMINER or Avalon, they wont be producing anything inside 6 months.
It wont happen.
This crap about "in just a few months" is rubbish unless they are buying already working ASIC chips from one of the companies that has already made ASIC BTC mining devices.
Yeah well, i'm sorry to tell you that there are always better people than you know.
I can guarantee you that there are people not involved in bitcoin that could produce a better ASIC than any bitcoin-involved parties. The only question is, are they interested enough to get into it now.
There is nothing magical about bitcoin and the algorithm the ic will need to execute is already decided.
Also notice that the problems the ASIC companies are having is not with the hardware implementation of hashing but with the actual technical bit of producing ASICs. They would be screwing up the same way even if they designed an mp3 player instead of a bitcoin hasher.
And all these problems are what real pro's have learned to manage.
So i can fully imagine someone with a plan being able to poop out bitcoin ASICS in a much shorter time frame then what we currently see.
If not then maybe you can explain what would make a bitcoin ASIC so difficult to design for an outsider that they could never catch up.
How many failed (serious) outsider ASIC companies have there been for you to have noticed this dynamic as a general fact?
I have to agree with Kano. How many ASIC mp3 players has this company developed. Any FPGA products?
Zero on both counts!!!
What about host software to interface with whatever board they might have? They should be in contact with Con, Kano and Luke to get them on board; if they were legit.
They are scam. Period. No experience designing any bitcoin hardware or software.
No experience in PCB design, no experience in ASIC design.
There is absolutely no evidence they understand what they are proposing.
The software front end is only needed once the chips are ready. I don't think they need to arrange for it now. I think that they can even leave that part for the community to figure out. As long as they have a controller on their board somone can build a miner for it.
Meanwhile i haven't heared any real arguments why it would be impossible for someone not deeply involved in the bitcoin community to create a working ASIC in reasonable time.
I think that the people deeply involved in bitcoin think they are the only people who can understand its workings.
I think that is a false premise.
I've recently seen people do things to '80s hardware that was thought of as impossible in the days and these 'impossible' things are done by people completely new to these devices but with a fresh set of eyes/brains to look at it.
I don't nessesarily trust the opinions of experienced people.
If we kept listening only to experienced people then no progress could be made because nothing new would be tried out.
Most important inventions that humanity made were somehow accidental/experimental.
It means that people kept looking despite more experienced people telling them it will be fruitless.
We would never have discovered the atom or quantum mechanics because people said these things canot be real from experience.
Even bitcoin or other peer to peer networks would have been generally seen as impossible just a few decades ago.
If you need experience with making bitcoin ASICs to make bitcoin ASICS then why do we have them at all?
How many companies actually tried and failed?
And how many tried and succeeded?
And is that enough to make a balanced opinion of the situation?
