Quote from: Franktank on September 15, 2013, 09:21:23 PM

Quote from: Vycid on September 15, 2013, 08:34:13 PM

He never published it. It's an estimate based on FC's old balance sheet, where he had listed the total cost of making all the hardware. Then I figured about how many TH he'd produced based on his total sale profits divided by price/TH, plus the known farm size (~50 TH).

The USB sticks were a complicating factor. Obviously it is a rough estimate but it is better than nothing.

If that is true, ASICMiner is probably worth less than 0.5 BTC/share. They'd be better off buying Cointerra hardware than making their own, considering Gen 2 is at the 55nm node and probably won't be more than 4x faster per chip.

It's not fear, uncertainty, OR doubt. It's math and logic.

Obviously you are new to investing.

You cannot say it's a rough estimate than claim it to be "math" and "logic" later. Until you have all the financial sheets backing up your math, it remains as "a rough estimate". I would suggest taking a look at CoinTerra's thread before saying they're "better off buying CoinTerra's hardware."

I see - so being "rough" precludes an estimate from coming about via math and logic?

My estimates are not so inaccurate as for me to be uncertain about 2 BTC/share being overvalued.

As for CoinTerra's thread - yes, clearly the marketing intern is proof that the world-class professionals working on the chips have turned scammer. Apparently these days all it takes to get $1.5M in private VC funding is a plan to scam some nerds.

Considering that CoinTerra doesn't HAVE the chips back from GloFo yet - nor have they claimed to - what would you expect those pictures to be of?