Our Lead ASIC Designer is Roger Thorpe.  You can find a brief description of his credentials on the About section of our website, along with the URL of his LinkedIn profile where you can find further background information.  We believe his experience and accomplishments speak for themselves, but we'll pass along your comments.

Thank you for your questions.

The SoC is proven silicon.  Including RAM, it accounts for less than 2% of the die, and improves functionality and performance.

Using the same voltage and clock rate for all areas of the chip is common in simpler ASIC designs, and could cause issues similar to those mentioned by 2112.  Fortunately, our design isn't that simple, and our Lead ASIC Designer is very experienced.

Reserved

This is a general announcement regarding performance expectations.   Until they are produced and tested, all data is preliminary and  subject to change.  This thread will be updated as we move forward.

Technology: 28nm
Package: TBD; most likely wirebonded FBGA in ceramic or plastic w/ copper slug
Interface: SPI to on-chip SoC
Hashrate: 180-256 GHs per die
Power Usage: 0.14-0.30 W/GHs
Price Range: 0.25-0.47 $/GHs

Datasheets and reference designs will be available for residential and datacenter designs.  Certain Havelock virtual units will have the option to be exchanged be directly for hardware.  Other partnership options are available.

Status Update!

First of all, thanks again to our investors for their interest and support.  We’re glad to have you on board.

The IPO has been slow to start, but that’s not entirely unexpected.  We’re making some adjustments to keep things moving, generate more interest, and open up some additional options.

Our initial plans included simultaneous SHA256 and Scrypt on a single wafer, produced at STMicro’s FDSOI facility.  The funding is coming in too slowly, so we've decided to move forward with a single SHA256 28nm die fabricated at SMIC. Although we’ll have a lower cost in terms of $/GH and our power usage/GH will stay roughly the same, one side effect is a reduction in total performance per die from 256GH to 180GH.  Power usage will stay in the same ballpark of 0.14-0.28 W/GH, NRE costs are down 35%, and our $/GH will remain excellent.

This is not to say that Scrypt is falling to the wayside; it’s still on the road-map.  For the moment, we’re consolidating our efforts to use our resources as effectively as possible.

In other news, we’re changing the nature of our future offerings.  Current investors are considered IPO virtual unit holders, and your dividends are supported by ProvASIC equity set aside to cover them.  In the future, we will be offering Hardware virtual units.  Hardware virtual unit holders can exchange their virtual units for current generation hardware, or hold on to their virtual units and receive a dividend from the sale that hardware.  Dividends do not consume the Hardware virtual unit, so the hardware virtual unit holder retains the option to exchange for current generation hardware at a later time.  IPO virtual unit holders will be given the option to exchange their units for Hardware virtual units. We expect the virtual units will change in value over time in proportion to the performance of each ASIC generation.

DataTank has certainly made a splash recently, and immersion cooling is very attractive.  We plan to get in touch with DataTank, to inquiry about design guidelines to make a product suitable for use in their cooling systems.  Additionally, we’re exploring options for consumer-grade immersion cooling solutions. 

That's our status for now.  Thanks again for your support!

In response to your questions:

The lending company is a real estate lending and business development firm, and our team member is a Co-Founder, not the sole controlling member.  ProvASIC is a separate endeavor in a different market space.

a2.com isn't related to a-2.com; it's natural they wouldn't know our team member.  We have called them and clarified the situation.

Ms. Dorenda Coleman is unrelated to our team member.  Page 5 of the following link shows an image of the product developed for this project: Project Summary.   The award announcement is in this link: Award Announcement.

While you drew a few incorrect correlations and conclusions, we appreciate your enthusiastic due diligence.

Thank you to our early investors!

Our initial offer is derived from our valuation, and current market conditions.  We believe our priority dividend schedule is a unique benefit to our early investors when it comes to long term equity prospects.  Our sunk costs and owner's equity are well in excess of half a million at the moment.  We can't disclose our Angel Investors at this time; we still have opportunities for interested parties.  Similarly, we are in discussions with mining farms, but can't divulge the details.  Our pricing strategy is flexible, but our projected chip and electronics costs should allow us a good deal of adaptability when it comes to pacing the market.

We are working on some additional documentation, and will release specific details as we can.

In the mean time, we've updated the team profiles on the website.  http://provasic.co/about.html

Thanks again for your interest, and your questions.

ProvASIC IPO is now live!

https://www.havelockinvestments.com/fund.php?symbol=PROV

Thank you for your responses, and your interest.  Please allow us a few moments to respond to some of your concerns.

As linked by ibuyltc, the current Prospectus can be found here:  ( https://www.havelockinvestments.com/reportdownload.php?id=99 ).  It is intentionally concise; a 50-page initial proposal document usually ends up in the trash.

The website ( http://www.provasic.co/ ) is new and sparse.  Our focus has been on the engineering aspects of the projects, not the PR.  However, we plan to develop the website now that we have gone public, so please let us know what sort of content you would like to see.  Contact Info is available under the 'Contact Us' menu button, and we will continue to monitor this thread.

The ASIC design team has been working on the architecture and design of the chip for over a year: lots of optimizations and validation of various techniques to reduce power while keeping performance high.  The ProvASIC entity was created once we found a solution that would enable a compelling ASIC product.  ProvASIC was specifically chartered to enable unit holders in the ASIC development and sales.

Our revenue estimate for the first year is $24M.  The $10M number on the Prospectus is the Net Income, aka Profit.  Combined with the value of the IP/NRE, a $14M valuation does not seem unreasonable.  Additionally, this is a long term venture.  2nd and 3rd year profit estimates can deviate wildly, so we kept our focus on the 1st year cash flows when drafting the Prospectus.

Initial Unit holders receive priority dividends until repaid, however they retain their units after repayment.  Once repayment is complete, future dividends are paid to all unit holders, including holders of the initial units.

Hopefully this clarifies things a bit.