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.
No, my point was that the initial data is an estimate in itself. After the initial 3 auctions, no one (apart of Bitfountain & board members) know total sales and how much was passed on as the weekly dividend portion. Additionally, no financial numbers regarding R&D, hardware manufacturing costs, current farm maintenance costs, and future data center(s) acquisitions have been announced. Without know what remaining funds are devoted to what, theoretical extrapolation can go only go so far.
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?
I honestly wouldn't expected any pictures until they've received their chips. Perhaps it's just my view on things but until they have chips to share/prove to the rest of the community, the jury's still out on if they can manufacture the product. For instance, I have no problem admitting that Bitfury currently has the edge on everyone right now. I'm sure you'll have a counterpoint to this post so I'm going to settle that we'll agree to disagree.