Gees... This seems bad, however I have to wonder how long this can be sustained. There are so many what ifs I guess.
I wonder how much they are deploying at a time.
BitFury rhythm is about 10-20MW every two months. The 25% three jumps ago was their 20MW Georgian DC.
Not so long. Their hardware is outdated. They wasted too much time playing with LightFury (scrypt 55nm ASIC).
List of recent failures:
- Still didn't TO their custom UMC 40nm effort (AFAIK, unconfirmed)
- Scrapped big 28nm ASIC on Thermals. They got burnt from big ASICs and keeping the small ASICs design approach.
- Scrapped 20nm custom ASIC effort. "Too complicated and takes too much time". Straight from the horse mouth.
- Starting again a fully custom 28nm ASIC
Loool, you just failed yourself in a big way and still have a big mouth pointing at other companies.
Better care for your own company.... Never seen a company talking so much bad about others as you do. Thats not the way to do business.
From all the ASIC companies, BitFury is the company I have most respect to. Good tech, usually very smart moves.
Self mining on a much larger scale than KNC, which I find very problematic.
BitFury is a good competition. They have 1.5 years head start on us, and daily revenues of $0.5M
We like the challenge.
Revealing some of the stuff going on behind the scene is bad ? I'm giving the customers more information, so they'll do an informed decision.
Indeed, we had a production issue. RockerBox will fulfill our expectations in October.
Going to sleep,
Guy
Nice to have competition and being aware of the T in the SWOT hope that will push you on to a more efficient and cheaper chip! 2015 will be a watershed especially if BTC price fails to migrate up.