Thank you
Investors have forked over to you at least 14 226,2 BTC (if you sold shares only at 0.1 and have not bought back any at lover price).
Can you post your financial statements so we know how much and on what have you spent and what is left of it as of now?
Actually, a regular project update report with financial statement is more than welcome.
The fact that they haven't done so yet, leads me to believe they haven't taped out yet, which makes it, unfortunately, hard to believe they will have ASICs up and running before the end of October
But I could be wrong....
Edit: This is the quote I was referring to and it is completely different than what I remembered:
friedcat may want to correct this with updated data, but based on their preliminary specs it'll be about 500 W (https://bitcointalksearch.org/topic/m.1062854).
That's 50GH/s = 1.25 GH/s / chip * 40 chips.
and 40 chips * 13.3 W / chip = 532 W
Of course you'd also need to add power consumption of the periphery.
I'm now collecting the tech details for announcement.
While investors are eager to learn about the progress, announcements of this kind have no positive effect on the progress of this endeavor. On the other hand, the announcements may offer important targets for competitors' engineering and marketing efforts.
The forehand progress report has been sent to the board already. It will also be announced when there is no slight deviation about the date and materials.