Its still hard for me the belive that sp20s made SP-tech no money.
-The chips are already developed and ready
-Boards are hillariously cheap . It has 3 boards basically if you count the controller.
-No power supply.
The only thing I can think is the cost comes from the steel casing , if thats the case strip it down and sell the miner for the same price with just the hashing boards and a fan. And charge extra
for an encased board.
The only oher thing i can think is they don't want competion for thier new bulk hardware which is strange to me since the hardware is not even in production yet?
It could depend on what they put in as costs. If R+D (including chips) and prototype and testing, etc that could add to cost. Also I suspect at home miners take more customer service on running then a professional data center.
I would guess on hardware it would be profitable unless you include costs mentioned above, then it's hard to say what their cost is. It is worth mentioning their build quality is very good. To have a entire metal case and quality build costs more then plastic like S5.