We made an order of another brand of power chips which are about two weeks late. In October this will provide another 500TH/s (Gen1).
If any deal of ordering Gen1 chips from outside buyers via us is reached, additional orders will be made.
The size of the Gen2 order will be decided as appropriate, according to the network difficulty when it is time to finalize the order size.
Anyway, this is pretty much underwhelming. Probably gonna see a quick pop upward in the exchanges, until people realize that FC hasn't even negotiated a Gen 2 order size yet, and that AM is going to war with 500GH of 1st gen hardware (which is 2 weeks late).
I agree. Looks like AM lost their head start and is still fully focused on 130nm Gen1 hardware. That is not going to be a viable long-term strategy. Even the Gen2 products @55nm are going to be more like Gen1.5 when compared to the 28nm chips coming online in bulk from various vendors in Q4. Too little too late.
The current generation of chips are profitable to run until the network hash rate reaches around 30 PH/s. It definitely makes sense to pump out more hardware while working on the next generation, especially considering that the franchising plan means that the operator doesn't bear this risk.