I had a chat with them in 2010 before I went GPU route. Their prices were not competitive comparing to GPU's. I doubt they are any better now and surely not any better than home-grown variety of FPGA boards developed by Bitcoin community recently.
Though of course maybe they quoted me a silly price first. Not the price they really ready to take. All this marketing BS such people play all the time.
Yep, I got a quote for the M-502 (2 Spartan 6 LX150s) and it was over 4 times the price of our board... I'm not even sure if that includes the PCIe card that those modules ride on. Certainly not cost competitive, even with most FPGA dev boards when it comes to mining.
WANKER!! The simple fact is that GPU's DON'T compete NOW with FPGA technology and they are not optimized for SHA256 hashing but for video preprocessing. That's WHY they are so inefficient with mining bitcoin compared to the FPGA. Can the author of this article write some code to make a 6990 do (in terms of energy costs) what the Spartan 6 will do? NO?I thought not. If GPU's could do what dedicated bitcoin mining FPGA's could do, then these guys (fpgaminer, fizzisist, newMeat1 et. al.), would have been deploying firmware upgrades instead of the costly (but worthwhile) FPGA based hardware solution. You have to account for difficulty increases and power costs. This guy can't see past his nose.
I love your reaction to this, Karmicads. I'm not sure what this guy's trying to get at here. Maybe
he's been working on some new firmware for the GPUs that will be much more efficient at mining?
I certainly have no idea how to do this.
Also, by the same logic, GPUs are essentially CPUs. Why would you mine with GPUs, then?
We can all see the FPGA more efficient but to me its also more risky. The GPU's are an asset thats easy to sell for a good price. good luck selling $620 FPGA boards if bitcoin tanks. I would MUCH rather have a $620 PC then a $620 FPGA. The pc is useful even if i chose not to bitcoin. Or i can sell it for around $620 if bitcoin is gone.
This is a valid point, but you also have to factor in the depreciation of the GPUs. Furthermore, as we see with the Pico computing example, people are interested in FPGA coprocessors for other cryptography and computational work, and they're willing to pay
a lot of money for them. There's a good chance you could resell our boards to people working in that field if Bitcoin did completely collapse.