Update

Since the fundraising thread was already made, I would prefer the discussion of more technical aspects in this thread. After all it's a sub-forum in the hardware board. But I will answer these questions:

Quote from: e21 on August 14, 2012, 08:44:21 PM

Wait, sorry if this is a dumb question, but do you mean that Bitfountain is going to be a mining company only, that is to say, that they will not be offering the "Block Erutper" ASIC for sale?

We will offer our boards for sale, but that will be a stage after our self-mining. Because within that time we could polish our board design and contact potential partners of doing marketing, logistics and customer service for us.

Quote from: nedbert9 on August 14, 2012, 07:33:01 PM

Though, it's unsettling to know that after share principle repayment 50% of return goes to a small group of individuals that is Bitfountain.

Conservatively, IMO, Bitfountain's take might be $40,000+ for the first month after funding repayment. Definitely a sweet deal for Bitfountain.

Bitfountain will always own a minimum of 50% of their self-run hashing capacity. Makes me nervous the same way Vladimir's plans did.

1. We ourselves don't consider the portion of our own too high. Because the investors of ASICMINER will have the privilege of breaking even first and no future dilution. Also the market will tell us whether 0.1BTC per 1/400,000 of the company is overpriced or not.
2. It is hard to say if such a prediction is conservative or aggressive. It might be either much higher or lower than that depending on how the ASIC mining industry performs. And no one knows how many competitors are secretly lurking there besides those who have revealed themselves.
3. We may own less in the future, because when we further sell the shares of the company, we can only sell ours because, as we promised, ASICMINER shares are prone to no dilution.