Post
Topic
Board Mining
Re: LargeCoin Pricing Announced; Taking Pre-Orders
by
DeathAndTaxes
on 05/03/2012, 23:44:36 UTC
We all remember BFL claiming 1 ghash/s at 20 W and it turns out to be 800 mhash/s at 80 W

They are at least offering an escrow and promising the specs within reason or they will refund. As soon as I get the escrow agreement I'll post it here. I do wonder about the hosting requirement. I would much rather run the unit interdependently.

This is great feedback. By "hosting" we're not meaning that the devices need to be plugged in or online 24x7 to access a site hosted by LargeCoin. We issue you a token, and the token permits a certain number of blocks to be mined. For out-right purchases, the token will permit unlimited mining, whether the device is plugged in or not. And yes, the token is tied to crypto on the processor. As I mentioned earlier, the purpose of this mechanism is to support a leasing model.

Hell no.  DRMed mining rigs.  I mean you got to be fucking kidding me.  What happens when it turns out the token you sold me expires or requires some "upgrade fee" to continue to work past 2015 or you decide to stop supporting the version of the token I bought.  Even more mundane things like your company gets shutdown for tax evasion and my rig can't "phone home" and thus becomes a $30K doorstop.

I wouldn't do that for a $30 video game much less 30K rig.  Your high MH/$ price already makes it less competitive than existing solutions.  Throwing asinine DRM on top of it is just a killer.  

Beyond stupid.    I mean DRM WTF are you guys thinking?  I thought I had seen it all.