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.
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"