- 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...