Post
Topic
Board Mining (Altcoins)
Re: Alpha Technology Litecoin (Scrypt) ASIC Miner Development
by
leadnor
on 27/12/2013, 07:33:57 UTC
My Biggest issue here Alpha is that you base your price of GPU prices. IE it will cost me the same to buy 280's for 5MH/s SURE it is without the entire rig. AKA no mobo and psu's

BUT the issue here is that shipping dates are Q2/Q3 of next year. That means that by the time the asics come out the 5mh/s will be basically useless if the hashrate continues to grow as it has. If you decide to spend the extra 500 pounds and buy a gpu rig for 5mh/s then you get more out of it than if you bought asics that are only being delivered q2 or q3 next year.

I really want you guys to succeed. Bringing LTC ASICS into the market is a great achievement and I will even order one with you to show support. But it doesnt make any type of Financial sense to buy an 5mh asic for £1350 when delivery is only Q2 or Q3 next year. as you can build an entire 5mh rig NOW for £1850 if you know what you are doing. Even with the added power consuption that GPU's have it is still worth it as they have a resale value.

If my calculations or assumptions are wrong please let me know. Because I really want you guys to do well. But honestly with that price tag I dont think you will. Not for Q2/Q3 delivery aka 4-9 months from now. (4 months I would understand the price a bit better though, but I will mine more LTC if I build my own gpu rig now and start mining it now

Please correct me if I am wrong which I hope I am

If the price was in dollars it would make 100% sense and I would understand it completely. and then even order a 25mh/s