Hello fellow miners,

According to my limited info on ASIC building, it can cost at least 250k $ to make one of these units but they are selling them at 274$!

Now FPGA mining made a lot more sense - sensibly priced hardware, mass produced, programmable for custom purpose - power consumption - not so great.

My point simple: given how much it costs to build ASIC chips(no matter how brilliantly efficient they might be) they probably only gathered enough funds to manufacture a portion of the ones ordered.

So they will ship a couple of units every week to appease the masses. In the mean time, people will continue pre-ordering(all sales final!); they will keep up this rhythm until they hit their profit target or they get bored or the supply drops  - at that point, after having smartly moved their profits to offshore accounts along the way they can file from bankrupcy and skip town, not delivering one more single unit.

Call me paranoid, but this scheme makes sense and I see no reason why they could build ASICs for only 274$ - unless they have their own factory??