- How will Gen 3 be divided between mining, franchising and hardware sales?
It depends on the users of our chips. It is a safe bet that we will be moving more to pure chip distribution. But if the edge of low cost on whole devices and deploying still exists in 2014 on our side, we will do more mining/franchising/hardware sales ourselves.
He said it himself. Notice even the word "pure".
I don't know why are you guys so keen on dismissing that.
I'm not saying it will be in this next deployment, but it will happen.
AM value proposition might be good as a vertically-integrated mining hardware manufacturer today, but when planning for the future and looking at the company numbers, things may be different.