You know that 1110 hours is only a month and a half, correct?
Yes i do, but by the time you add in the cost of electricity, occasional down time, the designers profit margin etc, you are talking close to 6mo to pay for your ASIC chip.
Which is why BFL is
selling ASICs (for an instant profit) instead of
mining with them for months to recoup their investment. Congratulation for logically deducing that BFL's business actually makes financial sense, therefore is realistic!
PS: will you promise me that you will write an apology, once I receive my ASICs from BFL in the next few months, proving that you were wrong?