Quote from: Synaptic on June 18, 2011, 02:39:39 AM

Quote from: n0m4d on June 18, 2011, 12:09:53 AM

http://www.reddit.com/r/Bitcoin/comments/i2jby/my_company_is_building_a_bitcoin_mining_chip_asic/

Yeah, reddit is known for their circle jerking, and altruism to a point of stupidity...

So this LargeCoin business either:

A) Doesn't think BTC itself has any investment potential

or:

B) Is planning some gimped by product chip that they can hawk to miners that's better than a GPU but doesn't threaten their own REAL ASIC's mining share.

Because otherwise, this is a lie, or a company run by fucking idiots who know nothing about maximizing profit because if they did, and they believed in the viability of BTC, they would simple just employ EVERY unit they created to mining for themselves.

I call bullshit.

That's a rather subjective comment.

It's an excellent way for them to outsource much of the risk (by reselling boards, to regain most if not all of their initial investment) and then use excess for themself.