Quote from: solex on August 05, 2013, 02:49:57 AM

Why would it cost anything like $200m to take the Avalon design to the latest, narrowest chip tech?
Surely a few million would be enough. Doesn't make sense.

Quote from: vokain on August 05, 2013, 02:47:09 AM

Quote from: solex on August 05, 2013, 02:43:27 AM

I just don't see why $200m is needed to beef up the Avalon operation. Since Avalon did their first ASIC on a shoestring (couple of million?) why would it take $200m to go the latest chip technology. Surely something like $5m would be enough. HashFast and CoinTerra are not going to spend anything more than a few million either.

200M to buy a whole generation's worth of mining (while leapfrogging a few others while they're at it), first mover advantage, why the hell not!!!
got a couple more billions in his pocket...

vision: set it to "nothing's impossible"