Well, Mr. Galaxy, please answer me the following: On your pro-forma, it looks like you have 6,750 Thps shipped by next April. Now, let's make the following assumptions:
(1) I order one Ghps from you for $20;
(2) My order arrives next April;
(3) The avalanche of raw hash power has caused everyone else in the market to roll over and go home; Galaxy ASICS are all the market; i.e., network hash rate is 6,750 Thps. (We'll forget the 51% problem; this is all a thought experiment, anyway.)
Here's my question: What is wrong with my math here? At 6,750,000 Gphs, I can expect to earn about 0.000533 BTC per day (an amount competititve with what one can now earn from watching YouTube videos or casino ads for about an hour, BTW). Converted to USD, that's about $0.05. Now, assume the board's overall power draw is 10 watts - chips, cooling fans, water pumps, cryo-compressors. At $0.12/kwh, that's a bit under $0.03 a day to the Edison mob.
Which leaves me with about, ironically, my two cents worth for my $20 dollar investment.
Thus, it looks to me like your project fits, for us consumers, somewhere between two poles.
The first pole, as is always the case, is the possibility you are a scam, have no chips and never will have.
The second pole is you are wildly successful, in which case any purchaser's network share is ground into the dust.
Any comments?
You have few reasonable questions, so I will answer them:
1) Tentative shipping schedule, as its name suggests, could change and together with per customer limits was designed to provides relatively slow rise in hash rate so that there would not be 51% problem.
2) "Total GH to be shipped" is more of a limit than actual amount that will be shipped. If customers will continue to buy and it doesn't harm security of bitcoin then we will continue to sell.
3) What do you think bitcoin will be worth in 50 years or 100 years? There are around 100 trillion of USD equivalent of money in the world now and rising. In 20-30 years it could be $210T
$210,000,000,000,000 / 21,000,000 BTC = ~ $10,000,000/BTC - $10 million per BTC - will that happen that in 50-100 years BTC will be the only currency? Who knows.
Maximum BTCs is just under 21,000,000 - 11,335,800 currently created = 9,664,200 BTC to be created
at forever $100/BTC that is $966,420,000 market opportunity and
at forever $1,000/BTC that is $9,664,200,000 market opportunity
while 6,750,000 GH * $20/GH = only $135,000,000
BTCs still to be made from mid 2013
2013 657,000
@$100/BTC = $65,700,000
@$200/BTC = $131,400,000
But you don't have to short sell the BTC at only $100-$200 because it should grow over time.
2014 1,314,000
@$100/BTC = $131,400,000
@$200/BTC = $262,800,000
@$300/BTC = $394,200,000
That is in addition to 2013, so mid 2013 @ $100/BTC + 2014 @$200 = $328,500,000, while 6,750,000 GH * $20/GH = only $135,000,000 i.e. ~41% if you sell your BTC short or only ~30% if you hold them for a year
2015 1,314,000
2016 1,314,000
Total mid 2013-2016 = 4,599,000 BTC
@ $100/BTC = $459,900,000 market opportunity
@ $1,000/BTC = $4,599,000,000 market opportunity = $4.5 billion
2017-2020 = 2,628,000 BTC
2021-2024 = 1,314,000 BTC
2021-2024 = 657,000 BTC
So, it doesn't have to be 6,750,000 GH at $20/GH, market will adjust to proper price per GH and amount of GHs sold.
They may just buy 625,000 GH @ $20/GH, not counting other providers that will be $0.576/day with return in ~34 days
and then someone will decide that return even in 4 month is till good and buy more GH but only willing to pay $19/GH , ext.
Have I answered your question to your satisfaction?
