Quote from: RoadStress on June 05, 2014, 03:46:13 PM

Quote from: novello on June 05, 2014, 03:19:35 PM

Quote from: RoadStress on June 05, 2014, 03:00:27 PM

Don't invest until you have more proof about them or about their skills.

It's always good advice to be cautious, but first have a look at my 'update' post put on earlier today. Thanks for reminding me. Any comment on our J/GH figure in light of the info?

I did: https://bitcointalk.org/index.php?topic=638729.msg7147207#msg7147207 but you seem to avoid replying to me.

Quote from: jonnybravo0311 on June 05, 2014, 03:06:31 PM

Quite simply, you are incorrect here. You are, and will remain, a buyer. If you were an investor, you would be sending money to the company, and would expect return on your investment from the company based on performance. People who purchase stock in a company are investors.

You are sending money to the company with the intent of receiving a product. What you then do with that product once you have received it is not relevant to the company. If it so happens that this product makes you some money, then so be it.

Your investment is in BTC. By purchasing a miner, you are making a decision to actively support the BTC network. That's what mining is: supporting and helping secure the network. You are rewarded for your efforts with generated coins.

What Novello is stating is the following (and yes, I'm taking their entire plan and compressing it to a couple of sentences): We are going to build mining hardware that will be competitive and allow the "little guy" to remain in the mining game. We are going to do this by providing great price-to-hash value in the hardware, and by providing relatively inexpensive ways to continuously upgrade your existing hardware. To achieve our goal of great hardware at a great price, we need capital; and, to receive that capital we are looking to the mining community to believe in us and pre-order our hardware.

Whether or not they succeed with their mission remains to be seen. They have a long, tough road ahead of them, both to secure funding and to produce the hardware on time and on budget. As can be seen throughout this post, MANY of the very people they are hoping will invest are extremely skeptical from being burned so many times in the past by other companies.

As Majixagi pointed miners don't do it 100% for altruistic purposes. Even if they do miners still need to invest big in mining equipment because technology hasn't leveled off and technology is evolving very very fast. My 110GH rig that I received in August 2013 is good for trash now, but luckily I was able to regain my investment in in and got a Jupiter which allowed me to stay in the mining game. If it didn't then I was out. So miners need their ROI in order to be able to get better equipment which protects the network better.

Hi Roadstress, I was asking about your specific question about the J/GH at the chip. I'm sorry, but I missed your other post but I will respond to it later. We are very well aware of what other companies have done