jimmothy you are so steaming today.
Did they not make any money from the sp10? I'd be surprised if they ended up with less than $10m profit.
It seems that both AM staff (aka FC) and AM shareholders (aka jimmothy) like to throw big numbers out there. 100PH/s in 2-3 months, $10m profit out of SP10s and so on. Please break the numbers down for us because I really like to see how you got to that number. How many units do you think they sold in order to get $10m profit out of it?
This is a lousy excuse. At $0.1/gh (could be much lower) they would only need $1m for 3 months worth of sp30 chips. (at 500 sp30/month)
I see that you only quoted the cheapest part aka the chips. What about the rest? PCBs, components, server grade PSUs, cases. They aren't so cheap as the chips and they are not available to buy from stock in large quantities.
Yes but how much of that $2m/month is long lead time parts?
Do you really think NRE is $3-5M?
I don't know exactly what makes up the NRE but I can't imagine a simple die shrink costs a bunch. AM's full custom 40nm cost less than 1m NRE.
I'm betting that server grade PSUs in big numbers aren't so easy to find, or the custom PCBs.
The NRE is at least $3M and while I don't know the numbers I am sure that the NRE cost goes up exponentially for each process node so it seems pretty viable to have a $3M cost for a 28nm mask if you are having $1M fost a 40nm mask. Maybe someone can enlighten us with some proofs, instead of just words.
How do you explain bitmain,asicminer,bitfury,avalon, and a1 clones which have zero problem selling from stock? The majority of the network is powered by miners bought from stock.
Comparing apples with oranges yet again. I think that only Bitmain is a good comparision, the rest aren't. AM had an IPO which means money upfront from people before showing miners, Bitfury sold overexpensive pre-orders for their 400GH/s miners last summer (MetaBank) plus they self mined as soon as it was possible, Avalon had preorders for their B1, B2 and B3 batches and then they had ~$8M in hand for chips pre-orders which were sold to third party before being delivered/refunded to customers and the A1 clones they didn't have to pay for NRE so it was easier for them.
Yes, the only benefit of preorders is reducing the risk on the company and shifting it to the customers.
You think that the company has 0 risk by taking pre-orders?
But spondoolies is already is fully funded by VC is it not? I remember something about how they have enough funds to cover all batches if they need to.
The statement is true, but that would mean sacrificing gen3 NRE costs. Thinking into the future isn't your best skill
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