One concern I have is that it appears that there is no limit on pre-orders. That definitely doesn't sit well with me.
How can you be sure of that?
because is possible to place order for hundreds of devices without any problems..
And there's no way they have enough chips on order. Per 10,000 chip batch = 15.666666 fully loaded Terrahash DX Large miners only (at a full 180GH/s)
It would be faster now for them to buy bulk BFL chips as potentially there has been less uptake there, so may be a faster turn around. In any case there is no way Terrahash have remotely the required chips on order, and any first 15 Large DX's are probably their own.
I really hope they're going to come through, but they aren't being forthcoming with the figures you need to see yet.
I'm going to be pissed if they play games, as regardless of not investing here, I wanted to see them do this right. Accepting Paypal (thus credit cards) was a step in the right direction.
I'm not sure how many Large DX's were sold today though, and I'm not at all certain how many got in before my order, which was maybe 3 minutes after they opened up. The Large DX, recall, required a huge investment, and far greater faith than a sub $10,000 order after all. If they sold $150,000 in Large DX's in four minutes I'm going to be very surprised.
Surely they have a unit or two for themselves and a couple of friends...I would if I was assembling them and obviously the chips would be coming out of the bulk buy, clearly paying their share, etc. but 10k chips is gone in 15 2/3 of those units. I use them as a representative example. Point is you've only seen 1 10k order, so I'd imagine most buys will have to wait the 100 days for chips minimum. Also there's been nothing mentioned about the chip assembly service they were offering, that will reduce manpower on their own assembly...
Agreed, and I think in this discussion many users have forgotten that they offer the assembly service as well. I actually think they'll be able to pump out these boards though, soldering takes time, but with the amount they are doing you get really good at it really fast. Moreover, they can always outsource some assembly given their relative location and the number of electronics groups in the area. The chip count is what worries me as well, and you are right, say the first person bought 15 Large's then that's that.
I don't think they are actually holding units for themselves, as that's just a bad business decision, the NPV (net present value) of the units now would be likely negative (not worth as much as flat out selling them), they are making a decent margin here, after all, and mining simply can't keep up with that return...at least, there is no guarantee that it will. One in the hand and all. Having said that, ofc, people make bad business decisions everyday, and ASIC manufacturers have been no exception to this rule thus far
Keep in mind also, this is just the people ordering who had registered previously as well, it is in the interest of TH (even short term and clearly long term) to get chips as fast as they can and get units out as fast as they can. They can easily have double the amount of orders over the next few days.
Needless to say, this thread will be a very interesting watch over the next few days
