Quote from: marra on June 06, 2013, 07:27:46 PM

the latest update is from presentation that held place during foundation conference... it was third week of may, yifu said during next couple of weeks they're looking to setup new production line since the old one is only capable of delivering at the frame rate we have seen so far and that is roughly 10 per day including regular delays nye and mayday holidays ... which means do the math... new line should deploy 50 per day, yet no confirmation of the new facility....

both companies are capable of delivering only 10 units per day as it seems statistically so far, bfl with 5ghash and avalon with 65, and apparently neither one lacks money, bfl is giving to charity and bitsyn still doesn't have to touch the 60k btcs... i wouldn't be surprised if that wallet with $8mil is their profit, on top of all production costs...

It doesn't appear that they've been able to ship even 10 units/day since they announced they started shipping batch #2 in April. If they were producing 50 units/week using the old SMT line (assuming they work 5 days a week) then over half of batch #2 would be shipped by now. The new SMT line which was supposed to be up and running by the end of April would be able to produce all of batch #2 in a little over 2 weeks so obviously something is not going according to the plan in their last official update.

Quote from: photon on June 06, 2013, 09:04:35 PM

In the video of him at the Bitcoin conference, Bitsyncom said something about not using online exchanges to cash out. That not all transactions happen on exchanges. He also said that they do it in batches, not all at once, as the orders come in. So, when the first order for 10,000 chips came in 7 weeks ago, this would mean that he only converted the money needed to order the chips from TSMC (or whoever is making the chips). Presumably, he could do that with BTC from a different source than the receiving address.

They haven't touched ANY of the coins on that address, regardless of how they plan to sell them. If they have already paid the foundry from another source then that implies most of this $8 million is profit since it can't cost that much to package and ship the chips. The sample chips are now officially late as they were supposed to ship by the end of last month so I would guess they aren't going to make their advertised 9-10 week lead time. Perhaps they plan to delay the shipment of bulk chips until batch #3 ships which would make sense but I would have guessed the sample chips would be out on time at least. Regardless, all of the people that invested in bulk chips really deserve an update. It looks like BigTimeCoin has already canceled his plans to bring his 10k chip order to market... Sad

I just ordered a Jupiter from KNC and I really hope they break this trend of keeping ASIC customers in the dark.