UpdateIt has been and will always be me myself who use the forum id friedcat to post updates and replies. If my partners are to announce the news or contact the shareholders instead of me, they will use their own account. Sorry for the sketchy and lack of information of the last update. I was exhausted and using a cellphone to make the reply.
The current running accounts are:
(ID 67117) on btcguild.
bitfountain, bitfountain1, bitfountain2 on ozcoin.
The anonymous user on ozcoin is not us. It might be a user with gradually bulk-purchased ASICs from other vendor, or another pool redirecting to ozcoin. Anyway we are also having not enough information to make the right conjecture. We are only of indirect competition against them. What we are directly chasing, is just the difficulty of the network.
The slow online speed is unexpected. It was caused by the bottleneck of the last stages of assembly several weeks ago, and a major modification of power supply as well as partial migrating to a larger place in the last week. Although we do not sell our devices yet so the vocabulary may be inaccurate, but roughly speaking the solution we are having is still a prototype instead of a product. Troubleshooting and time consuming works such as upgrading the power scheme and getting contracts with the other workshop has been taken up all the last week. But the best part is that most of them are one-time missions and will not be of a regular basis.
Taking as much our first-arriving advantage as we can in the limited time window is very important. All buyers of first batches of ASICs are of course having the same advantage and eating our portion especially when we were facing unstability and delays. However, as mentioned before, our shareholders are in a better place than individual miners, even those early-purchasers of ASICs. Because they share our expansions while we get the devices at the price of NRE+margin cost, instead of the price from any mining device vendors. Here is a rough estimation in the mid-term based on the rough estimation of our timeline:
By early April the next batch of finished devices will be available for deploying. At that time we will have a full team for installing and maintainance. If we get the 60TH/s online (conservative) in late April, and the hashrate of the full network from that time is 200TH/s which linearly increases to 1,000TH/s in late December. (200+1000)/2 = 600. So we will have 10% in average of the full network from late April to late December. That translates to about 88,000 Bitcoins total mined. That is 0.22BTC/share of gross income in eight months.
Also, we will always be mining from now to late April, so the revenue in this period should be counted in. And we will have more income in advance in the next years after we have access to much cheaper power. Some may say that 1,000TH/s in the end of this year is too conservative. But the calculation above about our capability is even more conservative because it does not contain our further expansion with more power efficient next-gen products.
Thats right... he should/could do that. But as long as he doesnt calculating it would be a way to circumvent this lack of information. Or do i miss some facts that make this impossible?
It's possible and will definitely do it. Also in the next days if without special circumstances/announcements, new hashpower will be added to the four existing accounts. And in further future if we solo, switch to new pools, or add new accounts of ours, we will not make them anonymous but make them seen by anyone, the same as the four existing accounts.
...we currently owe the board members more active contact and the community the samples.
WHY? I understand it right that someone will get an asic right? But first its said all shareholders will be treated the same and then a sample should be given to someone? That doesnt make sense to me. Even when it would be to start the selling of asics it wouldnt make sense at this point anymore because everyone knows quite fine now that the asics work.
The reason why we will give a limited number of trial boards out, is that we promised it long before (starting from Aug. 2012, the same time period when we did the fundraising via GLBSE). We did it with the intention of hoping the community could spread positive news and improve our firmware/hardware designs. We haven't predicted that our project has already proved itself to mass and already has the potential of meeting large customers if we are to sell some devices in the future without any real advertisements. We also haven't predicted that we are now way quite satisfied with our firmware and hardware design though they are done in an extreme hurry.
But please give some more informations to the shareholders so they dont have to guess so much fruitlessly... i mean writing a post is a matter of some minutes only...
Of course. And indeed, sorry for the inefficiency of contact these days.
.
