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2741  Economy / Service Discussion / Re: H/w Hosting Directory & Reputation on: May 24, 2014, 08:49:12 PM



If you are not too concerned with physical location, ship them to us. We will setup and manage.

http://619mining.com



Nice pictures. What are your prices? What state are you in?
2742  Bitcoin / Hardware / Re: [ANN] Spondoolies-Tech - Best W/GH/s ratio - Shipping from stock on: May 24, 2014, 06:49:53 PM
I bit and ordered a unit last Monday just to see what all the hype was about, and so far I've had issue after issue. Unless BTC goes way up, I'm almost positive this is going to be a money loser. Super...

Normally I pay for miners using BTC, but this time I decided to pay using bank transfer because I was running low on BTC. The Monday payment didn't clear until Wednesday, so the unit didn't ship until Wednesday evening. I wasn't aware that bank transfers were so slow, but that's the last time I pay for a miner that ships "immediately" using bank transfer. Chalk one up to BTC, but it sucks to wait on a slow bank transfer to go through (minus two mining days).

Also, I paid $2900 for my unit, and the price dropped to $2795 plus shipping before my unit even shipped. Add $193 for shipping, and minus 10% using a coupon, and the price comes to $2700. That means I paid $200 more for a unit that didn't even ship until after the price drop.

Also, my unit was supposed to be delivered on Friday morning, but it either got delayed by customs or FedEx sucks, so it's sitting on a loading dock and won't move again until after Memorial Day on Tuesday. I called Fedex and they told me that there is no way I can even pick the unit up before Tuesday. It would have been delivered on Saturday, but Spondoolies didn't pay for Saturday delivery, so that's a loss of another 3-4 mining days.

The difficulty also just went up 18% because it looks like the market is being flooded with AsicMiner Gen3 chips.

This is really screwing up what is otherwise a great Memorial Day weekend.

3) That's Fedex's fault. You can call them and pay to upgrade to Saturday delivery, it'll cost less than 3 mining days.

Or you could choose free 1 month hosting and have it shipped on a Monday/Tuesday Smiley PM me your address and I will donate you your 3 mining days.
2743  Bitcoin / Hardware / Re: [ANN] Spondoolies-Tech - Best W/GH/s ratio - Shipping from stock on: May 24, 2014, 05:38:08 PM

Also, I paid $2900 for my unit, and the price dropped to $2795 plus shipping before my unit even shipped. Add $193 for shipping, and minus 10% using a coupon, and the price comes to $2700. That means I paid $200 more for a unit that didn't even ship until after the price drop.


No more 10% coupon You got it $100 cheaper.
2744  Bitcoin / Group buys / Re: ***Spondoolies Tech SP10 - Shipping NOW - 1.4-1.45Th/s - $2,795 + shipping*** on: May 24, 2014, 05:15:06 PM
Is the 10 percent extra in fan speed noticeable?
Yes, at high temperatures. It results in around 20-30 more GH at the same temp.

I thought it's not so important. Thank you. Will try it too.
2745  Economy / Service Discussion / Re: H/w Hosting Directory & Reputation on: May 24, 2014, 10:18:17 AM
contacting fdc servers for pricing

This option should only be of interest for ppl living in the EU.

I have contacted VerneGlobal.

Thank you QuiveringGibbage for this thread!
2746  Bitcoin / Hardware / Re: btcgarden-AM-v1 miner is coming! on: May 24, 2014, 09:58:50 AM
Bitmain is not the price leader nor is spondoolies the efficiency leader.

Bitmain s1 at 200gh is $1.3/gh where as hashratio (using AM chips) is as low as $1/gh for twice as efficient miners. Btcgarden is about $1.55/gh with psu.

Also bitfury gen1 is as low as 0.38w/gh chip level which is about equal to spondoolies next gen estimates.

Why are you comparing regular customer Bitmain prices with whole sale prices from hashratio? You were saying to me that hashratio is selling 1.5$/GH to regular customers and only for 200+ units they offer 1$/GH. Not a fair comparision.
2747  Bitcoin / Hardware / Re: [ANN]ASICMiner Publicly Looking for Potential Customers/Partners for New Chips on: May 24, 2014, 09:06:55 AM
There's a sucker born every minute, your going to have to find them to buy this under performing tech.
I think you may be underestimating the power of the locomotive that is driving this program. Based on what I know about the chip, even if it is a bit of a 'dog' in terms of power consumption, it's small enough to yield in the 90's of percent and will probably cost less than $2.00 to make, test and package in high volume. A 4TH system using 512 of them -running in near threshold mode - could probably be built at a cost of around $1700, including the PSU's. If 'someone' had access to about $15m in liquid capital, they could procure about 6000 of these machines - 3 million chips, or 50 wafer batches, rent a big warehouse in Washington state, pay a few million in setup costs and installation of a 50MVA substation then that could easily be 24PH on hand within 6 months from a standing start (which may have started 2 months ago); with cheap electricity at less than 4 cents/kWh, power consumption becomes a lot less important.

Let's say that difficulty in October is 30 x 10e9 and BTC at $450. This installation would earn about $4.5 million in it's first month, even if the rigs and their cooling gobble up power at 1.2 Joules/gigahash. The 'suckers' would break even in just over 6 months allowing for running costs, but then they might decide to buy some more capacity - they can afford to and there's plenty spare capacity in that substation (and on TSMC's 40nm lines). Once hashing capacity is built and installed and has paid back it's manufacturing, installation costs and interest it can keep on hashing until the power and running costs get too high, and that might take a year or two - think an ROI of over 500%.

Individual miners do not have these resources, even the ones who have 'free' power (whatever that is, it won't last for long once their landlords start realising why their energy bills are so high).

Summary: don't underestimate your competition.



Money don't grow on trees! Wake up!

I think you're fooling yourself if you truly believe that. However, that''s your perogative.

Someone with 15m$ in hand should be better designing their own chip than to buy the underperforming AM chip anyway.
2748  Bitcoin / Hardware / Re: btcgarden-AM-v1 miner is coming! on: May 24, 2014, 08:30:57 AM
AM 40nm offer only ~0,7W/GH at chip level, when clocking slowly.

According to FC the chip is 0.5-0.7w/gh at 7-11gh/s.

Only chip that beats it significantly in efficiency is bitfury at 1gh/chip.

Where is the proof of that? I know only of one single chip measurement from rockxie. Nothing from FC.

Again numbers out of nowhere. Chip consumption means absolutely nothing if miner consumption is higher than 1.1w/GH/s.
2749  Economy / Securities / Re: [ActiveMining] Official Shareholder Discussion Thread [Moderated] on: May 24, 2014, 03:34:42 AM
Ken if for some odd reason you have BTC in Bitstamp please remove them today. There are signs that they are potentially going through the same stuff Gox did and we all know how that ended.

What signs?

http://www.reddit.com/r/Bitcoin/comments/26apno/bitstamp_will_not_process_withdrawal_unless_you/ these signs. People are stupid and bad intended. I got the same KYC procedure, answered the questions, provided the documents and my account was back to normal in less than a few hours. No need to panic. Banks needs to know their customers. If you don't like that go and trade your BTC out on the streets or at an ATM. Simple.
2750  Bitcoin / Hardware / Re: [ANN] Spondoolies-Tech - Best W/GH/s ratio - Shipping from stock on: May 24, 2014, 03:26:28 AM
Does 48 hour 5% special offer add up to 10% discount with a proof of purchase from other manufacturers? 15% altogether?

Not anymore. That 10% was mainly for the GB.

bobsag3 has the right idea really, build your own, forget about all that raised floor, hot/cold aisles, 47U APC racks, redundant diesel generators etc etc. This bitcoin stuff is short term. You just need a well ventilated warehouse with decent aircon and flow. Get industrial shelving to put the miners on and make sure you have enough electricity to keep it going.
Exactly. You not only don't need uninterruptible power, you'll be better of buying cheap, explicitly interruptible power from the utility company using special industrial/agricultural/pumping tariffs. I even dare to say that air-conditioning is an overkill, good airflow (which for SP10 means getting rid of the cases) and maybe cheap, evaporative cooling will be good enough. Get a small UPS to have a continuous network connection just for the local switches/routers and security cameras.

Or just admit to yourself that you've got your Bitcoin mining hardware as a status symbol.


Let's get an Iceland colocation company to have a special room for bitcoin mining with these attributes. Nothing fancy. Power and good airflow is all that we need.
2751  Bitcoin / Hardware / Re: kslaughter from [VMC] Virtual Mining Corporation Discussion deleting posts! on: May 24, 2014, 03:23:24 AM
Ken doesn't delete any posts.  Fact.  I do.  The current ActM thread was created so that Ken didn't need to delete posts so that he could focus on the business instead.  That was one of the motivating factors for me starting it off in the first place.  I saw it as a way of protecting my investment.  Me and the other five mods (the ones I am aware of) who have access to the ActM Thread account are constantly deleting posts which are unacceptable.  It's a fine line maintaining a thread which excludes trolls and yet allows people to vent their frustrations which has limited support from the global moderators.

In reality what we find is long standing and respected shareholders becoming frustrated with issues relating to the business occasionally start to troll themselves, spurred on by those intent on ActM's destruction.  They get a few posts deleted, take it personally and assume that I am the only person who hits delete.

It's important to realise that the current thread came into existence as it was the path of least resistance when you consider the effect of the concerted effort by the ActM enemies to undermine Ken's business who are more than happy to be labelled trolls.  An excuse to legitimise their behaviour but we all know better.

The moderating of the ActM Thread is absolutely heavy handed due to the loss of tolerance as a result of 12 months of personal attacks (including death threats) against the CEO, greedy and manipulating FUD, relentless trolling, viscous personal attacks on people's character and downright badness.

If any of you think what we had before was better then I openly encourage you to do what I did and start a new thread and perhaps we could go back to the days of crumbs and his many memes rather than the so called 'censored' thread we have today.

It's easy to criticise people, but ask yourselves this; driven by the same motives how would you have done things better?  Or, why haven't you done things better?  I suppose some of us are doers and others are not.

Thank you for clearing that up. For me it's still the same. Doesn't really matter who deletes the posts you or ken. It's the same shit! If ken is allowing then it's like he did it. That is your thread and you are free to do whatever you wish. This is MY thread and I'm free to do whatever I want.

I don't understand how deleting some forum posts will make stuff go away. The threats will still be there even if you delete the messages. Pissed and scammed people don't just vanish when you delete posts.

Roadstress is a competitor and supports Asic Mining.  He has a long history of trying to undermine the ActM threads and is motivated by his own greed.

I am not a competitor, nor I was back in July 2013 when I started this thread. ActM is such a joke company that only makes me laugh when looking at their efforts to become a worthy mining company.

PLEASE UNDERSTAND THAT YOU WILL NEVER SEE YOUR BTC INVESTMENT BACK FOR INVESTING IN THIS RETARD COMPANY! N-E-V-E-R! PERIOD. You can delete endless posts and you can say anything, but it won't make this company successful. People are starting to realize just now the whole mess this company is no matter how much will you moderate.

The company had 0 plans/projects of having any chip and please don't give me the eASIC NDA bullshit again because except for the NDA nobody ever saw any other tangible proof.

It has 0 plans/projects of an ongoing chip and it will never have it's own chip. YOU invested for having your own chip, not to mine with third party crap miners. If YOU don't know what was the original plan of this company it's not my fault. ken was deleting legitimate questions back last year and you are deleting legitimate statements this year. Same shit.

Please share with us how much have you invested in this company and how much you got paid back by dividends.

P.S. I have updated the subject of this thread to better reflect the reality. Enjoy your dust/non-existing dividends.
2752  Bitcoin / Hardware / Re: [ANN]ASICMiner Publicly Looking for Potential Customers/Partners for New Chips on: May 23, 2014, 11:07:26 PM
There's a sucker born every minute, your going to have to find them to buy this under performing tech.
I think you may be underestimating the power of the locomotive that is driving this program. Based on what I know about the chip, even if it is a bit of a 'dog' in terms of power consumption, it's small enough to yield in the 90's of percent and will probably cost less than $2.00 to make, test and package in high volume. A 4TH system using 512 of them -running in near threshold mode - could probably be built at a cost of around $1700, including the PSU's. If 'someone' had access to about $15m in liquid capital, they could procure about 6000 of these machines - 3 million chips, or 50 wafer batches, rent a big warehouse in Washington state, pay a few million in setup costs and installation of a 50MVA substation then that could easily be 24PH on hand within 6 months from a standing start (which may have started 2 months ago); with cheap electricity at less than 4 cents/kWh, power consumption becomes a lot less important.

Let's say that difficulty in October is 30 x 10e9 and BTC at $450. This installation would earn about $4.5 million in it's first month, even if the rigs and their cooling gobble up power at 1.2 Joules/gigahash. The 'suckers' would break even in just over 6 months allowing for running costs, but then they might decide to buy some more capacity - they can afford to and there's plenty spare capacity in that substation (and on TSMC's 40nm lines). Once hashing capacity is built and installed and has paid back it's manufacturing, installation costs and interest it can keep on hashing until the power and running costs get too high, and that might take a year or two - think an ROI of over 500%.

Individual miners do not have these resources, even the ones who have 'free' power (whatever that is, it won't last for long once their landlords start realising why their energy bills are so high).

Summary: don't underestimate your competition.



Money don't grow on trees! Wake up!
2753  Bitcoin / Group buys / Re: ***Spondoolies Tech SP10 - Shipping NOW - 1.4-1.45Th/s - $2,795 + shipping*** on: May 23, 2014, 11:04:43 PM
In ASIC stats 18 chips say 113 and 1 says 119 the rest are all 77. Problem with thermal paste on some ASICS maybe?

No problem with the thermal paste. My SP10 miner is the same room with 2 Jupiters so that makes it a very warm room. 113 degrees is normal for a warm room.
2754  Bitcoin / Hardware / Re: [ANN] Spondoolies-Tech - Best W/GH/s ratio - Shipping from stock on: May 23, 2014, 10:50:31 PM
Got mine setup and hashing away at 1.27 thash. Temp shows 33/74. When I look at ASIC stats most chips are listed as 77 and a bunch showing as 113. Is there something wrong with my hardware?

If you just started it give it some time to ramp to the full speed. Upgraded to the latest firmware? Also are you running it at normal or at turbo settings?

The intake temperature seems a bit high. You having it at your place or you have it hosted?
2755  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: May 23, 2014, 10:28:26 PM
Quote
for small miners I'm still waiting to see 4 hashratio's miners stacked like the 4 SP10

Not exactly 4 but this might be what you're looking for.(10th/s)



I see that you are in a good mood if you are posting rotated images just to please me. I will give you credit for that Smiley
2756  Bitcoin / Hardware / Re: [ANN] Spondoolies-Tech - Best W/GH/s ratio - Shipping from stock on: May 23, 2014, 10:11:39 PM

I talked to a DC in Iceland and they gave me a price of 95 EUR per kW per month. That comes out to about the same price.
Last quote i got was 78 €/kw for small customers, ofcourse this only gets cheap if you order multiple racks (ideally a whole DC container, then they can give you all the cooling you want)

Let's start working some details with them and then let's start a Group Buy for hosting. I am sure that there are a lot of small miners in Europe who would love to colocate their rigs if they will have nice price/kw.

Excellent! Strength in numbers. I like it

(Let me know if you need help)

Thank you for the support!

Collider how would you feel contacting the DC again and start discussing some terms?

@DevonMiner my August SP30 units will be hosted in the WA DC. Don't like it? Or just want a DC that is closer to home?

@bobsag3 keep us updated while we wait for some prices
2757  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: May 23, 2014, 10:04:20 PM

I am talking more about mass deployment/rack storage where space is critical. It really shouldn't matter if you're mining at home since you have the space and not enough heat to matter.

I don't have a video since these are brand new but heres a pic:

Also have no idea how big they are. 3u is just my guess.


So for mass deployment/rack storage where space is critical you are saying that 3U? is much better than 1.25U? There is a contradiction in that statement.

I will clarify:

IF you can cool 40kw/rack then you can have greater density with SP10 over a hashratio machine.

However the majority of datacenters cannot cool anywhere near 40kw/rack. More like 10-20kw/rack meaning SP10's would need to be spaced ~3u apart.

So without extreme cooling, heat density for both devices are about the same.

But if you are going to go with extreme cooling, you might as well go with 2 phase immersion cooling.

Let me clarify:
- for small miners I'm still waiting to see 4 hashratio's miners stacked like the 4 SP10
- for big miners: well anyone investing a lot of money into miners will surely find a way to cool a 40kw/rack. If they won't then they need to space them apart, but I am sure that you can fit 2 SP10 miners in a 3U space. It leave just enough space between the miners. Even if they space them bigger, you are still trying to compare a miner which is available since March with one that nobody has except the Chinese manufacturers.
2758  Bitcoin / Hardware / Re: [ANN] Spondoolies-Tech - Best W/GH/s ratio - Shipping from stock on: May 23, 2014, 09:51:06 PM

I talked to a DC in Iceland and they gave me a price of 95 EUR per kW per month. That comes out to about the same price.
Last quote i got was 78 €/kw for small customers, ofcourse this only gets cheap if you order multiple racks (ideally a whole DC container, then they can give you all the cooling you want)

Let's start working some details with them and then let's start a Group Buy for hosting. I am sure that there are a lot of small miners in Europe who would love to colocate their rigs if they will have nice price/kw.
2759  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: May 23, 2014, 09:25:41 PM

I am talking more about mass deployment/rack storage where space is critical. It really shouldn't matter if you're mining at home since you have the space and not enough heat to matter.

I don't have a video since these are brand new but heres a pic:

Also have no idea how big they are. 3u is just my guess.


So for mass deployment/rack storage where space is critical you are saying that 3U? is much better than 1.25U? There is a contradiction in that statement.

When someone tells you that SP-Tech has better power consumption you are bragging about AM's chip being faster. When someone tells you that SP-Tech has better miner density you are bragging about price. Always derailing from the subject. It seems that you are trying so hard to compare SP10 miners which are available since March with AM miners which were just released (well not really because they have chips in hands for almost 2 months now) and which don't seem to exist out in the miners hands.
2760  Bitcoin / Group buys / Re: ***Spondoolies Tech SP10 - Shipping NOW - 1.4-1.45Th/s - $2,795 + shipping*** on: May 23, 2014, 09:12:46 PM
When will you guys lower the price? Entire competition is below $1.65/gh shipped. (Ignoring hashratio/bitmain $1/gh)

Hashratio isn't $1/GH. Be fair. Hashratio is $1.38/GH and also 1.13W/GH. I'm still waiting to see who buys a miner which requires 9kW and how many miners will own that big monstrosity. Reminds me a bit of BFL's MiniRig. Only a couple of people actually owned it (actually I don't think anyone outside of BFL's circle had one but I may be wrong).

You can buy single hashratio miners from a reseller for $1.5/gh and $1/gh is for OEM (200+ units).

Regardless $2/gh is way too much. (maybe not if they are still able to sell them)

We are talking about small/medium miners here, not about large miners who buy 200+ units. Actually hashratio is $1.5/GH. At least we got that covered.

So now that AM has underperforming chips it's ok to sell them very cheap, but when AM had the monopoly over "in stock" miners last year it was ok to sell them very overpriced? I am sure that I'm not the only one who remembers that the average market price was ~10-15$/GH while AM was selling for over 30$/GH.
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