I have a partial status update - I was hoping to release all the info at once but I know some of you feel like you are in the dark about what is going on, I do not intend to keep you in the dark about whats going on here - really I am just so consumed with this project and making sure it is a success and ships in a competitive time frame, I have really been focusing on this and I apologize for not keeping you updated as I once did.
More than one aspect of the bASIC device relies on countries that will be celebrating Chinese New Year Spring festival from 01/10-01/25
It Seems that all the ASIC mining device manufacturers are going to be affected by this Holiday.
The spring festival lasts 15 days and could potentially delay things significantly for all of us.
If anyone has ever ordered anything from China during one of their many festivals you know that its near impossible to get anything out of the country during this time.
Our layout is completed and I need to get the PCB's into fabrication - about an 8 day process. If they can't ship to me in a timely manner because of Chinese New year I can potentially have these PCB's fabricated domestically although it will cost me more money. Which I am prepared to pay if it will mean a more timely release, but is not an ideal situation. I usually get my boards fabricated by pcbcart which I have had many good experiences with - they are very professional, timely and inexpensive. If they will cause major delays because of the holiday I can have the boards fabbed at our assembly house which will save a lot of time. They are domestic and this will bring more parts of the process under the same roof - which will of course be a huge time savor.
One thing I cannot change is how the ASIC packaging and shipment which should be coming very soon will be effected by this holiday. This is what I am trying to determine, and I will let you know as soon as I know. Maybe I will know as early as Monday morning my time - these folks usually go back to work late Sunday night (my time ) and when they email me It's usually there for me early Monday morning.
We are in the final stretch here, we have this final logistical challenge but trust me I am working very hard and I am completely focused on getting this figured out and making sure we get this ramped up AS SOON AS POSSIBLE.
It is very important for us to give our customers a competitive edge. We understand the kind of investment this is for you guys. You have money invested and you expect to get a return - we consider it a part of our jobs to give you the best return possible and as you all know there are many aspects that will affect your ROI - the big one of course is timely delivery everyone wants to get in before the initial ASIC driven difficulty jump and we promise to do everything we can to make this happen for you.
One other edge we can offer is our hosting plan - this will allow overseas customers to begin enjoying mining profits the same time as domestic miners, it will also give you the advantage of paying a small monthly fee instead of paying outrageous electrical usage bills.
So Basically if I can get the ASICs at least on their way here before the 10th I think we will be in very very good shape, and this is what I am striving for - everything else is either already completed or nearly completed and things are falling into place.
This is going to be a very interesting month, we will see how this holiday affects BFL, Avalon and ourselves. On the web site
http://www.avalon-asics.com/ it says they are shipping in 14 days but I have also heard them say on the forum that they will try to get as many units shipped as possible before the Chinese New year Starts. To me this sounds conflicting but I could be wrong.
So please continue your patience my friends and I promise to continue to update this every day - However I don't think I will know about the ASIC shipping until Monday , maybe Tuesday.
Stay tuned for my next update this time tomorrow
and thank you to all of our customers - we appreciate you all very much.
Until then
Tom
As the CNY dates are incorrect I don't see how this effects anything, but I'm seeking clarification. Since potential delays in BTCFPGA's shipping plans will obviously effect bASIC-MINING, it is something investors and potential investors should be aware of.
