Quote from: cryptx on May 06, 2014, 06:55:59 PM

Quote from: babcoccl on May 06, 2014, 05:23:11 PM

I'm pretty excited about this being an active Peta investor.

However doing the pricing for the forecast 100kh/s per share concerns me a little.

If we benchmark against the alpha - t miner (granted apples to oranges) but if they deliver on their 5Mh/s(now 16) on time (July) this means that to get an equivalent hash power with scrypt-x we would need to purchase 160 shares (not including aAlphas additional cloud hashing). At 0384 per share this works out to 6.144 btc which is about 2611 USD. The alpha miner retails for 2300 USD. The difference works out to about $2 per share. That two dollars is what I would consider to be the price for never getting "your hands dirty" and having a better resell potential by re selling the share vs the hardwar.

That's not too bad, but when you do the same comparison on KNCs supposed miner, it works out to a difference of $13 per share. That's a significant additional cost versus hardware.

My question to cryptx would be what are you going to do to hedge against aggressive performance gains made by new hardware. The Asic btc environment was more mature when PETA started than the scrypt Asic market is today. I would hate to see money invested in a Gen 1 Asic when Gen 2 is a month or two away and offers 75 percent better performance.

That being said alpha and knc are still pre order but knc has the best track record going and I would tend to believe them.

Anyway keep up the good work and I am looking forward to the IPO.

Our opinion is that time to market is of crucial importance in mining operations, we have seen that in BTC mining with AsicMiner and Avalon. Even in the 28nm process node race, time to market was/is important. KNC didnt provide the most performant 28nm chip, but they were first, which gave them and miners a great advantage.

That being said, the A2 chip from Innosilicon is also in the 28nm process node, so it is not just a gen1 that will be obsolete in a few weeks (or even months) when others come out. Meanwhile continuous efforts are being made to optimize performance vs power consumption.

The Scrypt-X mining project is also not limited to one particular supplier, we are continuously evaluating and in negotiation with various suppliers, so we can make the best deals available and strengthen our growth strategy.

+1