Let us explain the cost more elaborately first: some of them are used as a reserve (not paid yet) for ICs of later batches of Block Erupter Blades (namely the clock/data buffer ICs for the main board and the buck controller ICs for the power module) and Block Erupter USB sticks (MCUs and USB controller ICs). Some of them should be paid soon for the immediate demands for ICs of the Block Erupter USB stick.
For financial transparency, there are three aspects:
Unauditable: Have we been doing stealth mining with some extra hashing power unknown by the public? We haven't. But this is practically not monitorable therefore this forms a minimum trusting base.
Auditable frequently: How much Bitcoins are earned from mining and public auctions, given that we have no secret extra income sources? These are all shown as public records on blockchain and forums. This is the advantage of using Bitcoins and being a Bitcoin-based company.
Auditable infrequently: How much have we spent and are they spent properly? How much have we gain via non-public big selling contracts? Most companies do this on a quarterly or yearly basis. We could and will also do this. As said before, the financial reports can be almost fully generated from our Bitcoins and fiat transactions as well as contracts to the manufacturers and the fab. We exceeded the expected time of making the second elaborate one but it will certainly be done when my partners and I are more or less freed from daily work of maintenance and keeping ASICMINER expanding with the growing number of join-in employees.
Quote from: furuknap
I would love to know
1. What are the two-three month perspective on hashrate, earnings, and profitability
2. What are the funding requirements to reach those goals and how will that funding take place?
3. What is the current financial situation of the company (ie assets, liabilities, running costs, currency denominations, and so on)
4. What is the policy on managing capital (ie is it exchanged every week, do they set aside capital for unforeseen expenses, etc)
1. 62+200=262TH/s. Earnings and profitability highly depends on the competitors and how the price range the purchasers will accept after two to three months. And please bear in mind that they are perspectives, only bonds could usually give a fixed range of profit predictions.1. What are the two-three month perspective on hashrate, earnings, and profitability
2. What are the funding requirements to reach those goals and how will that funding take place?
3. What is the current financial situation of the company (ie assets, liabilities, running costs, currency denominations, and so on)
4. What is the policy on managing capital (ie is it exchanged every week, do they set aside capital for unforeseen expenses, etc)
2. The final margin cost for 1TH/s is less than 10k$, the actual number depends on the volatile price of PCB components. Installing and power bill are currently low. We will be self-funded.
3. We are virtually free of any liabilities at this moment. The rest, as said above, will be generated from our Bitcoins and fiat transactions as well as contracts.
4. They are all set aside as reserves for the future. We do not get the Bitcoins sold only one day before the merchants knock our door asking for payments.
And for the Block Erupter USB sticks. Please stay tuned for later news.
, Thanks for helping the many JoeSixCoiners out there, 