Re: Address with Avalon bulk chip payments now tops $8 million...
But, if Bitsyncom still controls all those btc, how did they pay to produce the chips? I find it kind of doubtful that someone actually lent them millions of dollars.
Well exactly 1000 BTC are missing from the wallet which is roughly $1,000,000
Perhaps that was their total chip production costs and the rest is cream? - good business model
Maybe they paid their Gen 2 chip fab.