The Iphone 5 bitcoin mining Arms Race Is On! I’ve received the hundredth inquiry on FPGA-based Bitcoin and litecoin mining.
Here is an FAQ on this subject. I’ll update starting at the top and get up to speed on litecoin. This FAQ was started mid April’13 shortly after the banking problems in Cyprus and after the crash. Who are you and why do I care?
We know everything that is worth knowing about FPGAs and their application. It is all that we do. What is your opinion about Bitcoin in general? Bitcoin transactions that render the whole thing useless or uneconomical. Now that being said you might be able to make some money until this thing gets crushed out of existence.
B’ if you can somehow keep laundered money out of the network. But the whole thing is anarchy now which you people seem to like. It does nothing but attract unwanted attention. Can we use your FPGA products to put together a bitchin’ Bitcoin mining rig? Yes, but in no way that appears to be cost effective using our products.
Professional level FPGA hardware is about 20-50x too expensive. What kind of performance can I expect? Virtex-7 is about twice as fast as Spartan-6. 5 times faster than Spartan-6. Spartan-6 has all kinds of routing problems, making this technology difficult for the FPGA proletariat. I think Virtex-7 is the same. Altera Arria-V is about twice as fast as Spartan-6.