Yes, sure, that was before the 15m$ they claimed to have made on sales.
But how do you spend freaking 15 millions dollars, in addition to the VC money? By not building the machines you were paid for? Like in first class air flares for every employe?
No, that's certainly not the case.
No company being sued for FRAUD would have ever done that.
Posted from Bitcointa.lk - #luAcL2UNC2e6T99Q
But how do you spend freaking 15 millions dollars, in addition to the VC money? By not building the machines you were paid for? Like in first class air flares for every employe?
No, that's certainly not the case.
No company being sued for FRAUD would have ever done that.
Posted from Bitcointa.lk - #luAcL2UNC2e6T99Q
We built the machines we were paid for; in some rare cases we issued (5% more than) 100% refunds.
Paying salaries/rent/taxes is expensive, R&D is expensive, tapeout is extremely expensive, wafers are expensive, fleshing out supply chains is expensive, assembly is expensive, QA is expensive, writing microcode/drivers is expensive, and paying lawyers (thanks to a couple of disgruntled customers who insisted on taking the legal route) is VERY expensive.
Trust me, HashFast isn't spending money on first class air 'flare' for every employee (I wish they would though).
