Thanks for the info. Looking at them right now.
$1Kh, that's a very steep price. I imagine competition will erode that eventually.
If the user who is running 32 of these is only getting 10Mh that means their performance leans towards the lower end of the scale. Warranty is only for 30 days, I wonder what the life is of the chip.
With this sort of pricing, I would not be throwing out the GPU just yet. I keep hearing how these things are going to murder the game, but the above offering doesn't even compete with current GPUs. (which will hold partial value even when mining is dead)
Not to mention, at current Litecoin profitability which CM is hovering around 100% of, it would take over 7 months just to break even at a cost of $6,000 and assuming a 0% pool fee, an electricity cost of $0.10/kwh and no increase in BTC value. Of course, that time is going to increase greatly between now and then due to difficulty continuing to rise substantially.
Honestly, I'd be surprised if this guy even broke even at any point in the future. The current cost and performance of gridseeds available now is financially and quite literally just not worth the investment. In addition, that hardware is going to be worth only a small fraction of what he paid for it initially by the time it becomes obsolete.
Calculations done here:
http://www.coinwarz.com/calculators/litecoin-mining-calculator/?h=10000.00&p=270&pc=0.10&pf=0.00&d=5835.41677649&r=50.00000000&er=0.02785000&btcer=577.24000000&hc=6000