13/10/2013 Update: We have been working hard with our design partners and have some great announcements to make. First of all we apologise for using the term "GPGPU" as our original plan was to use multiple graphics processing chips. In fact we have gone one step forward, after completing our pre-ASIC implementation of our FPGA design and handing it over to our ASIC manufacturer, we have reached excellent prototyping speeds to take this further. Each ASIC chip would perform at a MINIMUM of 500 kh/s, at around ~20 watts. With multiple chips on a PCI-E card we can reach 5,000 kh/s (200 watts) - 10,000 kh/s (400 watts) or HIGHER. The price you pay for each device will be in ratio lower per kilohash than say an AMD 7950.
There are a few things to do before we start taking pre-orders and marketing. First of all is the design of how many chips we will put on each PCI-E board, it would more practical to quickly assemble GPU sized PCI-E devices instead of larger devices. As it would result in higher postage costs and time to assemble would be longer if we manufactured more chip dense devices. We would rather the customer receive their devices as soon as possible after fabrication is completed.
Secondly, is the release of the names of our well known and trusted design partner and ASIC manufacturers. They will also release a few news articles from their end and their media sources. And then our own marketing campaign. Our partners have a large assembly line already which has been part of huge projects in the past, so we will be distributing and assembling direct from their location, so you can expect our assembling and shipping time to be much quicker than you may have seen with other ASIC devices.
NOTE. We will NOT be taking any money from anybody until our well known partners have released news articles regarding our partnership and achievements. At that point it would mean we are ready to start taking in pre-orders to complete the manufacturing process. We also would like to fully complete our final ASIC assembly design, and for the ASIC manufacturer to complete it's final touches on the chip design.
We are nearing completion to start taking pre-orders, but we thought it would be good for the community to get some specific information and updates before everything kicks off from the media. We also want to thank all of the people who followed our progress and believed in us. The days of GPU mining for scrypt are soon to come to an end.
How many chips we will put on each PCI-E board?
Not more than 8-10, I think.
1. while one chip consumes 20W - from 160 to 200W would assure "backward compability" (in sense of heat per PCI-e card)
So, no extra modifications (extra cooling items) needed during upgrade from GPU's to your cards.
2. in case of card failure - it's better to have 2x 8-10 chips per card, than 1x 20 (I suppose price be more-less linear to number of chips)
and last but not least:
3. your first post was in April...
then in July your team have realised, that litecoin is memory intensive...
and in October - you have almost working: 2Mhash/s with 80W power consumption and for ~800 usd (approx. price for 3x 7950)
but, maybe somebody have missed, that means - it is "only" six times cheaper than in July:
"We will release a proof of concept to show this and a full report, if anyone is stating they have exact FPGA hashing figures in the 2MH/s even at $5,000
(thats minimum) area that means they are in the late stages of development, and can easily show you a video/image proof of that."
Amazing progres indeed (many times better than two other competitive projects, where I suppose people involved are not dumb as well).
So, in my opinion chances are: 90% scam / 10% legit, and it's definitely better to risk a lower amount of money, eventually, for one card order (with not 20, but only 8-10 chips on board)