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Comment on First Bitcoin ASIC, Delivered to Core Bitcoin Developerparent

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300 at 100 a day is $30k/day. If they're selling them for $1.3k, let's assume a 50% markup; it would only take about 6 days to make back their investment. 12 days if they're selling them at cost.

I don't really follow the maths here.

Presumably they want to sell much more than 300 devices (enough that running them themselves would be less efficient than selling them) and turning on these 300 for themselves would make customers much less willing to buy more from them in the future.

> Presumably they want to sell much more than 300 devices (enough that running them themselves would be less efficient than selling them)

That still doesn't make sense to me. If these machines work, they're money trees. You build them, run them, and use the ridiculous proceeds to build and run more of them, or to get out before the market becomes too crowded.

At scale you could fill racks with these things for a relatively small outlay.

> ... and turning on these 300 for themselves would make customers much less willing to buy more from them in the future.

The truth outs. In a gold rush, sell shovels.

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