Guess you haven't been paying attention... There will be nothing to mine with these CN ASICs. Monero is switch algo, along with other CN coins. They'll be completely useless.
Yes, you're right. And if that happens the biggest problem for those who buy it is how to recover their loss as they can't make any refund even a single cent of their $11999.
There are financial risks associated with mining cryptocurrencies. These risks can be related to changes in exchange rate of the cryptocurrency or to changes in the algorithm that is used to mine the cryptocurrency. Please deliberate well before making a purchase because we will not accept any requests for refund for orders of this batch.
Not only that - at THOSE prices, what if something happens during shipment? What if you never get the shipment at all? Mistakes become major mistakes at $12K each.