Quote from: kaerf on June 26, 2013, 10:21:49 PM

Is there an estimate on when Dave will start receiving hardware?

The total hashing power in chips (1.5GH/s per chip) allocated to the mine that are currently being packaged exceeds 104TH/s. We don't know the yield, but we expect no problems with the chips. We have to collect the chips from 2 packaging companies though. We will either assemble everything in USA or 50% in USA and the rest in EU depending on the offers we get from PCB assembling plants. Chips will arrive after the 7th of July from one company and beginning of July (

) from the other. PCBs will be ready before that. The assembly of PCBs can take more than a week though :-( So we may start mining in the 3rd week of July. The installation of the assembled PCBs will be fast (1-2 days) and the data center(s) will be prepared for this.
We hope to have a prototype version of the mining device beginning of next week (>1TH/s). This device will be assembled using the small amount of chips we got in advance. We will use it to tune the mining system. We plan solo mining.

We made a big mistake assuming that the packaging of chips will not introduce substantial delays. Instead of preparing the boards in advance based on simulated (guessed) parameters of the chips we have focused this month on implementation of contingency plans for the packaging delays. We hope the investors will be satisfied anyway with the results, due to lower than estimated competition (network hash rate).

however our installation costs are substantially higher than expected due to many express production contracts (expedited packaging, PCB production or assembly is many times more expensive than if prepared in advance).

=> we will sell shares next week (at market price) to get funds for additional expenses. I have no idea how many but most likely not more than 5000 shares.

We have also no plans yet for future exploitation of the chips. We will work on the plans when the mine is deployed.