A step up from that boss NeoBee investment of yours, I'm sure

I'll spell it out for you; why a company does an Initial Public Offering;

The purpose of an Initial Public Offering is to raise funds and to set the value of all shares.
Public shares are given a value, relative to the full amount of shares available, and the desired overall value sought by the company.
'Private' shares may be shares held by the company, or offered to VC's, or other investors at the value relative to the share value within the IPO.
In this, these shares are part of the IPO (in actual fact, in this case, the most part)
Overall value is calculated by public shares + private shares. Both types of shares are still valid in that 'Initial Public Offering.'

I reiterate - the IPO for rockminer was set out to raise around 7600BTC 7500BTC

what part of this sentence do you find difficulty in understanding? and please, refrain from personal attacks in future.

Stop being so fucking retarded.
Your criticisms are just DUMB and UNINFORMED.

I don't care for S.MG. I have no judgment on its business plan. But you clearly cannot even read a financial report. That's what my comment is about, and only that.

wrong, I have valued remaining shares at the same value of the IPO shares, you have simply ZERO-valued them.
I seriously hope that you do not run a business.

and the IPO for rockminer was set out to raise around 7600BTC

the difference in system performance between ones that utilise 0.58w/gh asics and those for 0.55w/gh aren't significant, and the final system power consumption 'at the wall' will also depend on other factors like how efficient the power supply used, the cooling system, the dc/dc conversion circuitry, the controller etc... so they're pretty much equal at the asic level and may well be equal at the wall too (except spondoolies is already shipping).. and we know that spondoolies has done the rest system design efficiently, and we don't yet know who the system integrators for asicminer's asics will be nor how efficient their systems will be 'at the wall', but lets presume they're about the same.

You cannot be seriously stating that the remaining 60,000 shares have ZERO value?
we are talking about IPO value are we not..? I've reread it and unless you have some sensible reason to ZERO-value 60,000 shares in an IPO then you need to simply accept the overall value, as I have stated in the first instance, was indeed 7500BTC - please advise the VC's or company bigwigs that their remaining 60,000 shares are totally worthless, because I wouldn't dare to think it (but of course, you may be right, who am I to argue?)

Perhaps because it still has 8744 BTC in cash.
Not everyone has Danny Brewster as a CEO.

go buy a calculator. 

Are we comparing power consumption at chip level or system level? You see to mix things up. Please show me proof where AM chips need 0.55W/GH. I haven't see it until now even if they have chips for almost one month now. Very nice derailing, stating that there is no chip that has that w/GH then saying that Spondoolies chip is half GH per chip but no mention of power consumption. Very smooth, but also very noticeably. Spondoolies chip is 0.8W/GH at system level and also 0.58W/Gh at chip level. And they are hashing since March. I don't see any AM chip in the wild hashing right now.

Your ignorance of laws of physics doesnt change them. Every one with some experience over/underclocking CPU's and GPU's would be well aware of the range and impact of  core voltages.

As for why they arent doing it yet; it doesnt make financial sense yet. Hardware prices are still far too high, electricity cost is still utterly marginal for most large customers. Pricing is done per GH, cutting that in half to get better power efficiency doesnt pay off now. Fast forward 6 months and you will see.

Because 20nm should also be cheaper to produce per GH, due to the increased transistor density. Not that I  (ever) expect(ed) a 20nm part before late fall, but thats another story.

I will be handling the 25%, waiting for final confirmation on when I can start offering it and some other small details.

Im pretty sure most current 28nm vendors could hit those efficiencies if they wanted to

This is exactly what bitmain did, and when the need arises, so will Cointerra, HF, KnC, Bitmine, BFL, and all the other 28nm vendors. 0.35W/GH at the chip level is nothing special.

I have spread no such thing. What rockminer set out to raise and what they actually raised, were two different figures. Please take proper time to read my comments before thrusting out with irrationality to the debate.
https://bitcointalk.org/index.php?topic=528464.0
also, please accept my apologies,
I merely recalled what I had read and I recalled wrong now i revisit the thread - 7600BTC 7500BTC.
it's been a whole month since the thread.

jimmothy -

first, that assumes asicminer's chip is the most efficient and powerful chip in existence.  that assumption is now likely to be incorrect (says rock miner who has tested it as using twice as much power as it was intended,which means it costs twice as much to run)

Companies normally tend to overvalue in the first instance, and the IPO for rockminer was set out to raise around 7600BTC. I'd certainly be apprehensive, until we see some kind of validation on their product. The claims are not impossible, but do give that 'too good to be true' sort of sense.

Mining will be crashing starting in June. By end of year there won't be many survivors except for the manufacturers mines.

at this point in time AM are quite a way behind in the race.

And now what makes you think spoonsomething's costs are anything special? For the record I estimated HF's golden nonce at ~$30 in non-packaged silicon production cost (324mm², $4000 per wafer, 80% yield). They seem to get ~800GH from that now (or soon, or sometime), thats less than $0.04/GH. And Im not using HF because I think their design is particularly good, its just the only one I have an official die size for atm.

How could he? He doesnt have AM die size or wafer/packaging costs. Not that it matters to them, silicon production cost is only a tiny tiny fraction of overall miner cost/price for all vendors.  

You're confusing the "rule of thumb" 30% improvement in power or frequency (40nm -> 28nm) with 2X improvement in area size (cost).
By moving to a larger package (FCBGA 19mmx19mm, the data in our web site is outdated), we've actually reduced price by over 3X

The gen2 is done deal. We're taping out in 2 weeks, and will deliver working systems in July.

Which is nearly as useful a metric as saying they both ship in 2U rackmounts...

Do you have die sizes of both chips, or what are you basing this on?