Weekly Update 12/18/13
Crypto-Trade:
I have all of the legal issues worked out, and I am programming them into the verification site.
VMC:
We are working with eASIC and our engineers to get our chip and boards in full production.
We have stock piled all the hardware to build the miners and we are per-assembling the miners.
Quoting this again so you people don't forget.
This is Bullish as fuck
LOL.
You all have been eating too many strange mushrooms.
There is nothing bullish about a promise of inefficient silicon coming someday, when 2 28 nm suppliers are showing pictures of their 30x faster hardware and promising shipment within days.
I thought you kids were delusional back in May. Now it's just getting to be sad.
I'm just happy you can't do math or understand the basic fundamental principals of having hardware at cost.
Proceed to being ignorant!
Please Mr. Math Wizard edumacate me!
Show me the fantastic cost advantage you will have
some day. Remember to account for:
1. The vastly lower silicon density of an easic
2. Easic's markup of silicon costs to AMC
3. The much higher power consumption of easic, which leads to higher costs for facilities, cooling and operations
4. The cost of boards, cases and power supplies for chips that are 30x slower than Hashfast and CoinTerra
I did the math back in April. Hardware at cost does nothing for you when cost is greater than retail pricing for a real 28 nm.
Something I don't understand are these calculations from mining.genesisblock.com
HashFast is currently selling their Sierra 1.2 TH/s miner for $6,300 with a guaranteed ship date of March 31, 2014. I'm using the March 2014 option for these calculations as you can check here:
http://mining.thegenesisblock.com/a/afae541e37Cointerra sold out of their TerraMiner IV 2 TH/s March Batch miner which cost $6,000 and using the March option for the setup you get this:
http://mining.thegenesisblock.com/a/c3b4c6d957 and using April option brings no ROI.
Whats the word with these other miners? Have any of them been released??