Of course, you're not just paying for a piece of silicon wafer, but also for the months of design work, the cost of the mask set, as well as a risk premium.
Isn't ghash.io running 170TH/s of Bitfury? That sale alone would have paid for the mask and design work.
while people who have paid in advance(and who have financed the mask and all) in the 100 th project are struggling to get their devices online,
ghash.io is having already 20% of the network?
isnt that cool?