The Real News:"Our goal is to get to 0.05 W/GHs, 0.03 $/GHs miners by mid 2015 and power more than 30% of the bitcoin network," Corem explained, adding that he believes these figures will help the company match its rival firms in the US and China.
Spondoolies-Tech is looking to release a 28nm ASIC, as well as two custom 16nm ASICs, by the second half of 2015, the total costs of which will be north of $7m, he estimated.
What does the competition have?
Given that projection I don't see anyone in direct competition with SPTech come mid 2015.
Well, we all know how good Spondoolies' projections turn out to be. With AM, Bitfury and Spondoolies all talking 0.2 J/Gh for the next generation of ASICs early next year, 0.05 J/Gh mid 2015 for the generation after that is clearly marketing bullshit.
I don't think they have been out that much on their projections. I will gladly be embarrassed and you can rub it my face if they don't hit those numbers by that date. In terms of their team they are clearly ahead of the rest.
I respectfully disagree this is clearly a challenge that if not accepted leaves only SPTech at the top. I don't see how it is profitable even at those prices for SPTech given the weak BTC unless they have a crystal ball and that to me is where issues could be worrisome for any investors. Then again if others fail to keep up 30% of the network will be a low estimate.
Isn't AM having issues with shipping late 1 month now on their current units? I would be more worried about AM given that hiccup. Seems like AM are slipping here not SPTech.
I think if AM is not careful they might just become an SPTech customer to keep things like their creative but questionable investment AM/HASH cloud you are advertising competitive. I can see why you might be bias against the SPTech guys given your lean.
These partnerships, Corem suggested, may prove essential given that Spondoolies-Tech's customer base increasingly consists of enterprise-level clients.
Corem estimates that less than 20% of his company's sales are direct to consumers, a figure that suggests the recent rise of industrial-scale mining is having an impact on this market.
