Totally agree.
Why would anyone wants to sell the goose who lays golden eggs while gold cost more than the goose?
They'll pile up cash from "preorders", mine bitcoins and when time is right - will dump outdated devices to customers.
Why would anyone wants to sell the goose who lays golden eggs while gold cost more than the goose?
They'll pile up cash from "preorders", mine bitcoins and when time is right - will dump outdated devices to customers.
From BFL's perspective if they don't release first they're dead in the water. They don't know where their competitors are compared to them but they recognize it's a winner take all situation. The natural thing to do would be to take pre-orders to fund the manufacturing and start realizing profits now. Also, if your competitors are offering pre-orders you should be too.
* Buy up $10K worth of devices
* Make your money while flooding the market with fast and easy BTC
* Sell off all your hardware after the profit margins have cratered
* Wait for new hardware and rinse and repeat
Personally I will be extremely glad when the first wave hits as the hoarders will start feeling the pinch of inflation.
Yes, buy these are 110nm v1 designes, it looks like they will be able to squeeze something like 10x per watt by moving to better process and iterating on design. And probably additional 10x in cost by ordering more than current quantities that are in the ballpark of the smallest possible order.
Right now entire network runs at speed equal to all hardware in first two Avalon batches (300 and 600 units). When batch 2 and 3 and BFLs hit in the future, everything else is going to be wiped out. But then it will be wiped out again by the next iteration.