Hating to break into the talk about how babies are made
...
Still - here is Miner Protection Program:
Along with everyone else, we too have been closely watching the growth of the network Hashrate.
It is of concern to all miners, particularly to those looking to pre-purchase equipment. The more time there is between purchase and delivery, the greater the risk that the Hashrate will climb to a point where the miner will never make their money back.
That is the reason behind our Miner Protection Program, and the guarantee we provide is:
If any of our pre-purchase customers has not achieved payback on their investment in HashFast equipment within 90 days* of taking delivery from us, we will support them by providing them with up to 4X the Hashing capacity they originally purchased, free of charge.
The details:
We will give you double the extra capacity you would have needed to break even (up to a maximum of 4x your original purchase). The extra capacity will be chips only, to be used with a HashFast or third party chassis.
*Assuming you have been running your mining rig 24/7, ROI calculated from the daily difficulty level, block arrival rate, and hash rate of equipment delivered.
Eduardo deCastro
Founder and CEO, Hashfast
So you are selling 550 units for 5K each. If not delivered by a certain date with conditions which are completely unpredictable you give four times more. So it costs less then 1K per unit to produce (550K total) or you honoring this promise means instant losses on the first batch. Everyone says the chips cost nothing to make it's the upfront R&D but you already stated that all that is done in this thread before. Companies making tiny % on exchanges are getting vc money but you can't find a few angel investors to get 550K together for a chip which produces 400Gh that is light years ahead of even the other crazy Gh per chip pre-orders of KNC and BitFury? What am I missing here? The only reason to take pre-orders is if you think what you get now is much more then what you can get later otherwise why do it at all?