Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
Mabsark
on 01/09/2014, 17:10:25 UTC
I'm starting to lose some trust in Friedcat, not because of the lack of shareholder info though. I noticed a mistake in the Round 2 pricing and he basically just brushed it off as there not being any mistake at all.

Round 2 Sales
Full 10-devices set including:
  40 Hashing Units
  40 Thermal Pads (optional, on demand)
  3 Ethernet Controllers (1 for redundancy. One controller can in principle drive as many as 8 full devices)
  10 Cooling Kits
  10 Fans
  Free Assembling
7.9 BTC/set

Hashing Unit: 0.160 BTC/piece for <400 pieces
                   MOQ at 40 pieces. (Each unit hashes at 200-215GH/s in typical clock)

Thermal Pad: 0.007 BTC/piece. MOQ at 40 pieces.

Ethernet Controller: 0.069 BTC/piece. MOQ at 2 pieces.

Cooling Kit: 0.069 BTC/set. MOQ at 10 sets.

Fan: 0.014 BTC/piece. MOQ at 10 pieces.

If you do the maths, you'll see that the total actually comes to 7.717 BTC not 7.9 BTC. I pointed this out to FC who said that the 7.9 BTC price includes assembly. The post clearly states "Free assembling" and FC has made numerous posts about preferring to ship unassembled. It just makes no sense whatsoever. I've also pointed that out to him but haven't heard back from him yet and the post hasn't been corrected.

I'm surprised no potential buyers have pointed this out in the sales thread yet.