Quote from: velacreations on September 16, 2013, 02:54:37 PM

Quote from: Vycid on September 16, 2013, 02:50:01 PM

Quote from: velacreations on September 16, 2013, 01:54:28 PM

Let's look at the USB miners. if cost is $1.5 /GH, and they have .33 GH, then their cost is $.5. At .1 btc per USB, the revenue is ($12.5-.5= $12). $12 is 96% of $12.5.

Is my math right? 96% profit margin (ignoring shipping) on the USBs at .1 btc?

How many did they sell at 2 btc and 1 btc?

And if the blades are $15 to make, and sell for 4 btc ($500), then they have a profit margin of 97%.

I think my math must be wrong somewhere...

If all of this is true (I am doubting it myself), then even if they match Cointerra's vaporware prices of $3/GH, then they are still 50% profit margin. The cost for Gen 2 might be less, as well.
No wonder FC is selling hardware instead of mining with it. Mining isn't profitable enough!

$1.50/GH is for the blades only. USBs would be different (possibly cheaper on a per-hash basis).

oh, I see. Still, that makes current blade pricing highly profitable and explains why he's not adding any more Gen1 to the mining farm.

There's a lot of room for him to decrease those prices to match competition. I wonder if his costs go down with volume, I would assume they do. That would give him a slight advantage against some of the new competitors that are currently ordering considerably less (like <100 TH) than AM

I've been thinking this for a while... Do you think FC is selling off blades as he makes room for gen2 blades?