HF's management, if you believe what the committee is saying, or
The Committee, if you believe what the "newbies" in this thread are saying.

It's the same concept. Your return is in a really really good case scenario 160% of what you invested, after one year. Even if they had 12M to invest, you would have 12 + 12*1.6 $M worth of hardware up after one year. As you said that's roughly 50PH at the end of 2015. Not one order of magnitude off, but a lot less of the goal.

Yes, I don't have any problem predicting an exahash or bigger network before the end of 2015.
And at that point you have to tapeout your 14nm version. With what money?

I'm guessing it here, but I think that if you used some other manufacturer hardware and started hashing in one month instead of 3/4 (with a proven technology) you would mine during those 2/3 months more than the difference of the cost of electricity of running the two types of hardware.

Fine.

You think that investing 15M thanks to this innovative design you will be able to produce enough starting miners (10PH of them?) so that you will be able to have a competitive edge against the rest of the market. This advantage will be so huge that it will let you reinvest the spent capital on new hardware exponentially, until when you reach 15% of the global hashrate.

Let's test it:
10PH, starting December (I'm being optimistic), at the cost of $5M (since that you will execute everything perfectly), with a power usage of 3MW and a cost/kWh of $0.07 (I'm, again, being optimistic. Iceland is not synonymous for free electricity. It's only a little bit cheaper. Asia is where the cheap eletricity is, and you won't be able to compete with the chinese, that have both cheaper production costs and cheaper electricity so that they can be competitive with a slighter worse J/GH). With the standard 31%/month difficulty increase (the one elaborated from the previous months), you will not recover your investment:
https://tradeblock.com/mining/a/8cca8d1f97

With 25%/month, you would make $200k.
With 15%/month (not gonna happen), you will make $6M before the end of 2015.

Now, let's suppose the last scenario to be the correct one. You make $6M before the end of the year. That's a one year only roi of 160%. That's great, however it's still one order of magnitude off from what you need to catch up with the network and maintain 15% of it.

Easy, isn't it?

That's nonsense, and you know it. It's a really competitive market now and you won't have enough margin to expand later on. You will be lucky if you recovered the costs of your miners.

Well put.

Is Edward still trying to buy a ticket for virgin galactic? Because you know, it was his major concern back at btcmiami. I really feel sad for him having to live in the office, he must be really poor. But I already tipped him, I dont think I will do it again.

I don't know it, but I don't think that Monica is accountable for whatever happened before her arrival. Maybe they were asking who is the responsible as of today?

As far as I know it's not too wrong: Edward should have left (but maybe he is still being paid as "sales guy") and Monica should be still there, but that could have changed. Anything interesting they said?

There is also a second one: http://hashfast.org/071514.2.pdf

https://www.kncminer.com/products/knc-28nm-sha256-processor

$27/chip, below production costs.

While you are clearly unbiased, meh.
This really feels like the beginning of another HashFast thread.

It is not for me: is LB trying to create acceptance before proposing a second deal? That sounds improbable to me, and it's the only reason "newbies" should pump the defunct LB deal. Why are they still discussing about it elsewise? Only to complain about a wise choice from the committee (and the judge, that regardless of the trolling above would have never approved the sale, even with the committee consent)?

But I take it from the same newbies that Barber is back. Good, now he will have to explain why he doesn't want the cfo. Or maybe not. Maybe he will just take an unpaid leave.

MtGox non occupava un palazzo, ma un piano in un palazzo. La polizia ha chiuso un palazzo dopo la bancarotta?

Well, yes. That is the reasonable estimate everyone keeps repeating. hashfastisawesome spent 8M only for the tapeout, but that's another story (and I was confused by it).

Anyway the problem still stand: you won't get 15% of the market starting with the returns of 10PHs (that at this point I assume are paid for).

To have mining profits, you need to have hardware. You don't have spare cash for hardware, and lowering the J/GH isn't a silver bullet, so I don't see what this magic plan is all about.

So you want $15M to tapeout a new fantastic chip that will run at less than 0.2J/GH and will have an online cost of less than $1/GH. Fine, I can believe that.

The problem is that you want to take 15% of the market with it. How? As of now 15% of it is 30PH, and will be possibly 60PH by the time you are ready. By considering an online cost far lower than $1/GH ($0.5/GH), you would have to spend $30M...

How?

You have that power as CFO? Meh... Is it because barber can't/won't sign it from overseas? Who told the lawyers to say so to the judge if they didn't really intended to? Meh... It must have something to do with their confuse and delay tactics.

Are you still blaming Monica because we dont have a cro yet?

Why do I have to beg for updates?

Come ogni bravo creditore, filla il proof of claim, che rivedrai probabilmente una buona % di quello che avevi dentro. Non ha senso partire dal presupposto che non rivedrai nulla (anche se questa posizione comune mi da speranze per un'altra bancarotta).

As you can see you can go down up to 0.5J/GH. HF has tons of uncut dies still in wafer forms. It's probable that they will not package them into the power monster that the GN chip is, and run them on a more efficient setup. I for once hope so.

That's some serious marketing effort.

Not knowing anything is frustrating. With HF before, with the committee now.