Post
Topic
Board Mining
Re: LargeCoin Pricing Announced; Taking Pre-Orders
by
CubedRoot
on 07/03/2012, 00:27:33 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.


LOLOLOLLOLOLOLOLLLOOOOOLLOLOLOLOLOLOL.

I hope this isn't serious. If I drop 30g's on something with a 90 day warranty, I don't want to worry about having to have my "token"  stop working for whatever reason.  As promising as the rig --SOUNDS-- its something I would suggest staying way the hell away from.

Heres a video of what I think about this whole complete "leasing model"

http://www.youtube.com/watch?v=KaqC5FnvAEc

Have fun picking this POS apart everyone. Im out.