More than any of this, the first company to abandon the pre-order model will succeed. The time from payment to delivery is still absurdly long and that gap needs to be closed. Vendors either need to start taking a non-refundable deposit of 10% of order value with the balance payable when they're ready to ship, or they need to bite the bullet and sell on a purely FIFO basis once they have units available for delivery.
That none of them are doing this almost a year into the ASIC game is worrying because it suggests that they don't have adequate financial backing and are relying too heavily on pre-order funds to meet current costs rather than using the profits from pre-orders to fund production of the next batch (allowing the never-ending pre-order cycle to be broken).
That none of them are doing this almost a year into the ASIC game is worrying because it suggests that they don't have adequate financial backing and are relying too heavily on pre-order funds to meet current costs rather than using the profits from pre-orders to fund production of the next batch (allowing the never-ending pre-order cycle to be broken).
I left this out as it was obvious that the preorder route is getting real old, but your right on point. Whats mind boggling is how Avalon with 1-2 people and butterfly labs with millions of dollars still hasnt delivered. Thats disturbing with Avalon they should have more than enough to produce units ready to be sold. Instead of still taking pre orders.
