Don't worry. Your miners will arrive on time and on spec.
Unfortunately, this is the same thing CoinTerra, KnC, BFL all said. It has about the same meaning as 'the check is in the mail!'
And HashF*ck, Bitmine and Black Arrow...
Although Bitmine and Black Arrow (especially Black Arrow) have been transparent and apologetic about their problems and delays.
It's becoming a bit of a repetitive subject. Here we go again:
- We don't promise "full refund" since failing to deliver will be a catastrophic event. You won't get your refund in that case also. Promising "full refund" will be a marketing lie. We want to avoid those.
- The 2nd gen ASIC is a relative simple die shrink of our 1st gen ASIC. Almost the same engine. Nevertheless, we've done verification and FPGA simulations of course.
- Everything is on track for tape out at the beginning of May.
- The entire project is on track. PCBs, mechanics, DC2DC test boards, Supply chain, etc
- Our VCs investors won't allow us to take pre-orders unless we're 100% sure we'll deliver on time
- There is simply no way to finance building the amount of miners we want to sell without taking pre-orders
- We have a payment terms that split the (non existing, really) risk: 40% in advance, 60% before shipping
- We won't take pre-orders for our 3rd gen ASIC since it's an higher risk effort
- Edit: take a look at our (partial) talent list:
http://www.spondoolies-tech.com/pages/team. This is a simple project. We've done much more complex...