Quote from: Entropy-uc on February 03, 2014, 02:24:24 AM

Quote from: MilkyWayMasta on February 03, 2014, 02:22:12 AM

Quote from: kslaughter on February 03, 2014, 01:43:17 AM

Profit Projections On Our 55nm Deployment

Jun-14 Cumulative Return = 959.00
May-14 Cumulative Return = 119.00

Difference = 840 BTC mined in 1 month
Total BTC mined in 1 month (3600 BTC x 30 days) = 108,000 BTC

840 BTC / 108,000 BTC = 0.007777 = 0.77 % of hashrate from May to June

LOL! Ken updated VBS's spreadsheet. I really missed that thing. Funny stuff.

I can't believe he actually used The Genesis Block for the project projections. It is literally insulting to everyone who's invested with him that he'd spend 2 minutes putting that together. Nevermind that it's completely unrealistic and the numbers don't make any sense.
1. Ken's stated the first wafers will be arriving mid and end of April, with the bulk of the wafers arriving in May. Wafers in May to 1.2PH/s online in May? Keep in mind the only reason that estimate has a 28 day payoff is that it's saying that mining will start May 1 with 1.2PH/s, and make $1.2M.
2. Ken's previously stated the chips themselves will consume 2.5W for 1.9GH/s, or 1.31J/GH. Here he's using an efficiency of 1.31J/GH for the whole system. Where's the DC/DC conversion inefficiency? Additional loads like other chips and fans? AC/DC PSU inefficiency? AC costs at whatever building they're hosted at?
3. With no costs factored in for hosting in a DC and a $0.022/kWh electricity listed, I'd love to know what kind of arrangement he's made for a site with no capital expenditure and at cost electricity.

That he either doesn't have anything more substantive to share, or for some reason instead of presenting real estimates he's tossing this out here as a bone is very disconcerting.

Edit: I'll just leave this here as a cautionary tale.
https://bitcointalk.org/index.php?topic=79637.msg1157524#msg1157524
This is probably actually the wrong thread for it as it should be in the VNC thread, but buyer beware.