Hello Carnth,
Thank you for raising your concerns. I specifically mentioned using 7970's because I want people to know that I am not investing in fpga
I wanted to be sure to mention the 7970's as they will retain the resale value much more than fpga and other gpu (5970/6990's) once asic hit the market
This is a competitive advantage BAKEWELL has over other mining offerings and I wanted to hilight it.
As for BFL, I probably should have used a generic sentence and only pursued acquiring a set hashrate as you laid out.
I mentioned BFL because they are currently the best branded industry standard for that tech.
I do realize the downfalls of doing business with them (long wait times, have been off spec in the past, etc)
I included this in the contract specifically to address that:
*Reserve the option of purchasing equivalent ASIC technology from a BFL competitor should that become a better option for us
I hope this helps you understand my thinking when I wrote the new contract.
As for the spreadsheet idea; I plan on implementing that shortly. It'll give me a reason to finally use my google blog.
