(...)
As of July 2013, bitcoin net hashrate is at 200TH, 1000TH is a reasonable estimate at the end of 2013. We will concentrate on deploying our devices for self-mining till we reach 350TH, we expect to reach that milestone around end of the 2013 which will give us 35% occupancy of the whole net. We have already taken a big risk to tapeout our first batch of 200TH directly(without sample chips & prototype) since we have enough confidence on our Layout design. Furthermore, we will order the second batch of 300TH or more immediately after we receive/test pass our first batch. Therefore, to compare with those potential competitors, we could have a very big advantage on production capacity in this year. There are undoubtfully some risks involved with this approach, but the risk/reward ratio is highly favorable if we succeed. All shareholders will then be the main beneficiaries.
(...)
As of July 2013, bitcoin net hashrate is at 200TH, 1000TH is a reasonable estimate at the end of 2013. We will concentrate on deploying our devices for self-mining till we reach 350TH, we expect to reach that milestone around end of the 2013 which will give us 35% occupancy of the whole net. We have already taken a big risk to tapeout our first batch of 200TH directly(without sample chips & prototype) since we have enough confidence on our Layout design. Furthermore, we will order the second batch of 300TH or more immediately after we receive/test pass our first batch. Therefore, to compare with those potential competitors, we could have a very big advantage on production capacity in this year. There are undoubtfully some risks involved with this approach, but the risk/reward ratio is highly favorable if we succeed. All shareholders will then be the main beneficiaries.
(...)
A 200TH order of untested chips, just on "confidence"?
(...)
Tech Exhibition
a) Project Milestone i. March 15th: Signed the confidential contract with the IC manufacture and got the library for synthesis and layout.
ii. April 10th:RTL design, optimization and simulation were finished. Data to predict the specification of actual chips generated.
(...)
Tech Exhibition
a) Project Milestone i. March 15th: Signed the confidential contract with the IC manufacture and got the library for synthesis and layout.
ii. April 10th:RTL design, optimization and simulation were finished. Data to predict the specification of actual chips generated.
(...)
What is cgminer mining on here then? Air?
