Quote from: fpgaminer on May 19, 2011, 02:11:06 AM

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I think someone has succeeded in fpga/asic bitcoin flooding

That seems to be a common misconception present in this thread.

As for an ASIC, I highly doubt anyone is foolish enough to drop >$1,000,000 of their own cash to have developed one. Also, it takes a long time from start to finish. Bitcoins weren't all that popular a year ago. They still aren't (outside of our little bubble).

Very true, but what if there was already a source of something equivalent to high speed SHA-256 ASIC. Wink