It is more than understandable that spondoolies is (and will be much more) busy during this time of their product launch.

I hope the chips will be packaged well and quickly, and we will see some initial tests and the first working units in around two weeks.

So DTM basically raised enough money during direct investment to cover for at least 5 whole shipping containers.

Do I understand this correctly?

Will capacity be available for sale once the management interface is online?
-yes, management interface will be available around time of deployment

Will those units then be built to order or are you producing more than originally sold?

Will the smallest unit of investment then be ~ 1/400th of a tank? (As I understand around 400 blades will fit into one tank)


I really hope that small investors will get the opportunity to buy capacity, as originally promoted by DTM.

This is obviously a long-term effort by DTM, and I hope the production goes well and we will see some finished units soon.


I for one was really hoping to get the chance of investing into this, lets hope capacity will be for sale in 3-6 months.

@DTM
Is everything on track for the IPO tomorrow?

You prove something by giving evidence for your claim, therefore the two words can be used with equivalent meaning.

The DTM guys (aka antirack... etc.) have given numerous arguments why they believe this operation will succeed.

The basis of all these arguments can be found in the prospectus of the asset aswell as in the first page of this thread.

They can certainly not be expected to post the same numbers on every page of this thread, so please look through the thread yourself in order to come to your own conclusion.

There is obviously no possible way to produce evidence for future earnings in bitcoin mining.

The only thing you could try and prove is that you have a price advantage in deploying and running your hardware, which should therefore allow you to profit more than other mine operators.

I am pretty sure that most big mining farms have in fact returned a profit for the investors.

See the very first big mining farm, the 500TH mine at megabigpower, it returned full bitcoin profit only half a year after the start of operations.

What you are basically saying is that bitcoin mining isn´t profitable?

No, what I claim is that most of the 1000W power supplys are in fact designed to deliver at least the rated number of watts on the 12V rails.

See this example:

Corsair RM1000 Fully Modular Power Supply

12V: 83.3A = 1000W
5V : 25A
3.3V: 25A

The power supplies are further designed with safety margins, so they do not break when utilizing full capacity, and most will in fact allow you to pull more than the rated amps on the 12V rails continuously.

Specs claim 366W at the wall which translates to no more than 330W of 12V power per device.

As most decent 1000W supplies are able to continously provide atleast 990W of 12V power, you should be fine with 3 at standard settings.

They do sell to you directly.

What exactly are you trying to accomplish here?

You should be fine with any decent 1000W PSU, as it will most likely be able to even handle 3 units on stock settings.

3 units on stock voltage will pull under 980W on the 12V rail(s). Most 1000W PSUs should therefore be able to handle 3 units.

There is no fraud in reselling it on ebay.

Many new and used units will be sold to newbies at a markup.

With PayPal "protection", I highly doubt that anyone would risk his reputable ebay account to try and defraud some small number of people.

Yeah, he comes up with some arbitrary problems he seems to deem to hard to overcome and claims the guys haven´t thought the system through.

Obviously nobody is going to hand him the exact plans to build his own, so he is spamming the forum and flinging shit like an ape.

I hope he remembers his words when in 3-6 months everything is set up and working fine.

Multiple people could use the same lawyer, however the lawyer has to act on behalf of everyone individually, which means essentially the same workload, therefore the same pay.
Swiss lawyers aren´t cheap at all, and they normally don´t give discounts.

However, this could lead to a conflict of interest, as everyone wants the debtor to pay him (first / at all).
Therefore I wouldn´t advise to it, and it might not even be possible / legal.


I am not trying to dissuade anyone, but bitmine clearly has their business set up in a state / country where it is difficult to sue them, and difficult always means costly.

If this is an option for you, it might be both cheaper and quicker for you to work out some kind of deal for 2* the ordered hashpower or a transfer to cloudmining.

As this hasn´t gotten into some of your minds:

THERE IS NO OPTION FOR CLASS ACTION LAW SUITS in Switzerland.
Every customer needs to sue for their refund themselves.

It is also a civil case, not a criminal one, as you are trying to recoup the funds you sent to a business.


Furthermore, lawyer costs are usually not awarded to the winning party in Switzerland, and they can be really high.

On top of that, Bitmine is located in a state where the official language is Italian, so have fun arguing your case in italian language.

If this would be a significant problem, how do you think AM has managed to operate its facility until today?

Also, i think the much lower temperature in the liquid will probably help capacitators not to fail.

Using quality components should also help avoid most risks of component failure.


I haven´t seen any miner whos´rig didn´t work anymore due to such a failure.
Quite to the contrary, most miners seem to still work even if capacitors are broken off completely....

Well, maybe it was a corporation, I don´t know.

However, I would definately make a corporation if i had so many miners to buy.

As far as I can remember, there was some guy who bough 100units in that groupbuy.

There is no option for joint legal action in Switzerland, I am afraid.

If you win your case in Switzerland, you normally don´t get your cost of attorney awarded either.

Is there anyone with a recent "Betreiberauszug" from Bitmine?

I need confirmation of address etc.

Again, I wouldn´t compare the S3 too much to the sp30, more like the sp10.

It has various advantages though, such as less noise, earlier delivery from time of payment, lower entry costs to mining etc. (and is actually available to buy/order)

The S3s are much less temperature dependant than the Sp10 though.

At the end of the day both Bitmain and Spondoolies build good products that have their specific markets they are targeting.


In my opinion we should compare the rackmountable options to each other, aka the S4 to the sp30.