Original post from Renton Bonaventura
https://www.facebook.com/profile.php?id=100006321996927&fref=nf https://www.facebook.com/groups/352627768251593/permalink/352752534905783/The Alcheminer-MAT Game in greater detail:
MAT agreed with alcheminer to a joint production venture with the figure something around 2M $ for the development. It was a shared deal 50% - 50%. But MAT does not have any rights in the IP (asic chip design). For the 2M $ there are included 50K Asic Chips with own MAT Logo - that's why the alcheminer chip and MAT chip are identical. The chip is the same as the Alcheminer Chip! With 50K Chips you can make 195 miners, each with 256 asics inside, but of course still there are additional costs for the whole miner manufacturing, case, boards, software, controller board... of about over 800$ each.
But now the latest news:
MAT doesn't even have the 2M$, so MAT received around the end of September only 10K chips. Nothing more - because all money from preorders was invested only in the development of the asics, not in the miners itself.
Now after the GAW miner deal, MAT had some money to pay for the last 40K asics and to the manufacturer of the miners. Thats why MAT still doesn't have miners... because MAT shipped all miners to GAW (Marshall Long as commission for the GAW deal), another cloudmining company, and 3 or 4 customers.
To ship or make refunds for all customers MAT needs to raise more than 1,3M$. But the margins of selling the miners now are too low to make a profit of 1,3M$.
