Post
Topic
Board Securities
Re: [BitFunder] IceDrill.ASIC IPO (500 Thash Mining Operation powered by HashFast)
by
crumbs
on 17/09/2013, 19:29:51 UTC
From my own calculations, if IceDrill gets 363 Th (the best case), they get a Gh for $6.7.
However https://hashfast.com/shop/babyjet/ is advertised as "As Low as $2.80 / GHash"
I know it doesn't include the electricity and hosting, but 350W, I can certainly handle it at home.

Could someone confirm my calculation?

The "as low as 2.80 per GH/s" is misleading -- they're counting the extra *chips* you will receive from their miner protection program *if* your miner fails to ROI.  You will get those chips without the supporting circuitry etc., and three months after the date you receive your miner.

Edit: The 3 months in the future part is the real nasty -- hashpower later is not the same as hashpower today Cry