Post
Topic
Board Scam Accusations
Re: Why Butterfly Labs (BFL) might be a Ponzi scheme
by
maqifrnswa
on 24/04/2013, 15:08:08 UTC
Understood. But do you think they will be able to cover their production costs while shipping all the requested units?
Can you link that wired article?

It think your estimates are a bit off in the original post:

The marginal cost of each chip is probably ~$1-5. They PCB boards, assembled, are probably $20-30. Enclosures, $10-20. Power supply, fans = $10-20. Box = $1-5.

So a Jally cost around $60 to make (marginal cost, probably throw some assembly labor on that as well). They are selling for $274. Their profit margin might be around 400-500% per jally. The cost of making the little single/single is only slightly more (orders of 10s to 200 dollars but they charge 1000 more) - so you can see close to 1000% profit margins. That's what they can use the recoup their initial investment