Buy 2 of the evga 1300 watt psus 400 usd . So for 1732 usd I am hashing on fri the 9th at 1.2 th using 2400 watts
You are doing it wrong! For 2400watts you could be hashing at 2.8Th. |
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Well, I am not buying anymore. I wrote this on Mr. Lee's post: Can you ask the factory to bring down another $700. This will make it competitive.
I will buy from Spondolies if you go down another $700. So I am not buying from any manufacturers at this point. So my statement on holding off on buying until price goes lower is true across the board, not just Spondolies Also the statement: I buy those 4 miners from you for $8000. You make a $500 profit right now.
Well, 4 miners that make 6.4 TH/s for $8000 is a good deal. I have nothing against buying miners that makes economical sense. I have something against buying miners that you might not get your ROI. I know you want the factory to lower the price too. This will make everybody happy. Dude you brought just one week ago when we had the same exchange rate! Your argument is invalidated by your own actions. And good luck with lousy Cointerra miners. Let's see how well they perform and how long will they last. Edit: I am not so familiar with the Group Buy forum, but I will spend time somewhere in the future to check if all Group Buy threads are full of people who complain. I am sure that this is an exception and nobody came with this arguments on other Group Buys. I don't understand why this is so special and why does it attract all the pessimist people. |
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1.4 TH will give you $38 dollars a day in bitcoin. So pretend you have a miner of 1.4TH. Each day you buy $38 of bitcoin . Instead of buying a miner for $3200, you can use that money to buy bitcoins at $38 a day for 84 days.
And after 84 days what are you doing? What a fail....
Maybe you assume people get their miner paid by an angel.
Or You assume maintaining miner wont cost you time and money which wont come up if you buy btc directly.
If btc tanks both the miner and btc holder both loss value.
The best option is spend money elsewhere...
It's a gamble thats really what it is.
Let me put it this way - assume 10 bil diff and 300$ exchange rate: - Buying BTC: $3200/450=7.11 BTC (No idea how did SVK come up with 8.5BTC) 7.11*300$=$2133 which equals to a loss of $1066 if you exchange all BTC. For every BTC bought at $450 you lose $150 if you exchange it back at $300; - Buying SP10: invest $3200 (or 7.11 BTC), BUT you are making ~$500 per month after electricity cost and (at 0.15$/kWh) so while you are losing $150 for every BTC that you exchange I can cash out $500 and spend it like I wish. And if you think the difficulty will continue to rise exponentially at an exchange rate of $300 then you are just simply wrong. |
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So back on subject:
1. hosted SP10 will go online on 16 may?
2. When do we start to pay. Bank transfer take 2-3 days to show up...
1. I don't have anything official, but my assumption is between 15 and 17  2. You should receive an e-mail by tomorrow max. If you don't, then either contact me or directly SP-Tech. |
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Anyways good luck with the sale and sorry for offtopics although I feel than profitability should be addressed. I am confident that at some point I will own a Spondoolies miner.
Thank you.
If you are holding to your 8.5 BTC and the exchange goes to $300 who do you think will suffer more? Me with the miner or you with the 8.5 BTC?
I fail to see your logic, both of you spend the same amount in the beginning. Either fiat or btc, it was all the same. If btc tanks to 300$ i don't know who would feel better someone with a big balance and nothing else, or someone with lower balance and a pretty gear worth nothing. The only way the gear owner won't suffer is if he has a crystal ball and his crystal ball says his gear will be in bitcoin museum in 2050 and worth 100 bar of pure gold. If BTC tanks to 300$ I will still earn and I will still be able to spend money monthly with my SP10, while you holding just 8.5 BTC are stuck with them until the exchange rate climbs back up OR you will change the BTC at a loss. That's my logic. |
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Bitmain S2 vs Spondoolies SP10 = In Stock vs PreOrder
It's a semi pre-order because until now we had pre-orders for non-existing products. SP10 is a very real and good product. The best strategy is to buy a S1 first, and then you will get a coupon worth 400 USD; then you use this 400 USD coupon to buy S2, so you will spend 2599-400+220=2419 USD to get 1000+180=1180 GH/s
Which is 2.11$/GH compared to 2.13$/GH if you buy a SP10 from my Group Buy. |
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If you tell me how this miner will mine 8.5BTC I will buy one.
188 days with 14% increments will make 4BTC after that it will make 0.0077 a day.
You didn't understand my logic. I prefer to get a miner because I will always have a way of producing BTC and also it gives me diversity in options. By buying BTC you are limiting your options by a lot imo. Having a machine that produces BTC gives me the option to sell at any exchange rate (for example I can exchange my mined BTC at $400, $350, $300 etc and also at $500, $600, $700 etc), by buying and holding you are only limited to exchange only when the value goes up and even if you do you may exchange today at $1000 and in one week when the exchange is $1100 you won't have what to exchange. No matter the exchange rate after a while you will feel sorry that you turned your BTC to fiat because you could get a better rate. Also if BTC goes back to $100 or difficulty goes to the sky with a low exchange rate then I will just turn my miner off and turn it back on when it's profitable (exchange rate goes up or diff goes down). If you are holding to your 8.5 BTC and the exchange goes to $300 who do you think will suffer more? Me with the miner or you with the 8.5 BTC? IMO all who throw as much btc for a miner and didn't calculated to return back the btc was.....  I think the most simple calculation (at least for me) if I spend btc to buy a miner in fiat I'll check with 55-60% increase per month in difficulty. If I see return and some profit on a miner I'll buy, if not, I'll wait. Currently I'm in waiting status.... Only a better btc/usd could change this. Edit: The famous sentence what I read on the forum and I think it's a good one: "You mine btc not fiat." Edit2: At 800$ btc price this one would be the best deal. (Or S2) I see a contradiction in your statement. You will mine the same amount of BTC at $800 btc price or even less than what you are mining at this btc price because there will be more people who will start mining which equals to a higher rise in difficulty. Look what happened last autumn when BTC skyrocketed from $120 to $1200. Difficulty also skyrocketed (remember double the difficulty in just one month?) and we will have that kind of exponential rise if BTC price goes to the moon (and it will someday) and by the time everyone starts buying miners my farm will be much bigger and I will have more BTC mined than the ones who joined later. Nobody is so good at exchanging their BTC at the right moment and while looking behind seems easy, doing it live much more rough. Mining for me is like a brake for greed and it keeps me from doing stupid and big mistakes. |
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Hands down the s-1 still has the advantage for USA buyers. First consider tax law. spending .5 btc you need only say you spent the dollar amount that is.. today it is 223 usd. Both the sp10 and s2 are more then 600 usd. so a longer paper trail is required by the usa gov. Second you can get good psu's like this one http://www.rakuten.com/prod/evga-supernova-1300-g2-1300w-power-supply-110-v-ac-220-v-ac-input/249973555.html195 usd runs 3 s-1's over clocked to 200gh……. so you have 600gh with power for about 850 usd . you can under clock it and get a fourth one to run on the same psu. The sp10 and all 1th units don't have a lot of flexibility . They don't have a big power edge. think of the older AM blades they burned tons of watts 110-150 for 11gh 10 to 13 watts a gh. An s-1 standard clock burns 2. under clock + pencil mod under volt it burns less then 1.4 watts .. a gh The s-2 and sp10 do not jump from 1.4 to .3 watts 11 watts / 2 = 5.5x improvement AM blade to s-1 2 watts / .7 = 2.867 improvement S-1 to sp10 with the settings of full volts to the s-1 and low volts to the sp10 1.25 /.7 = 1.785x improvement s-1 to sp10 with both set at lowest volts. Also you can turn a s-1 off and so what it was not much money. You will not want to do that with an sp10 Such a mess on your post. First of all it's S2 vs SP10. S1 can be ignored. You praise the S1 for being able to go from 2W to 1.4W with underclock and then you compare the improvement of S1 with the improvement of SP10 when downclocking. Who in the hell compares that on 2 miners? You are truly unique. Liking the S1 for the fact that it didn't cost much so you can easily throw it at garbage tells a lot of your way of thinking. |
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Guys, we should all hold off our hardware buying so the asic manufacturers can go into distress and start knocking off prices. At the current price, we are buying hardwares to support them. You are not buying to make a profit. If that is your goal then go ahead.
I can't find a single one miner which will return investment  I'm not talking about profit just would like to earn back BTC I have spend on mining equipment. This was addressed too in my first GB. Feel free to buy and hold BTC if that works out for you. For me and for others holding to BTC might seem a bit hard and everyone is tempted to either try day trading or can't stand the fact that the exchange isn't moving or if it's moving down and they might sell at a loss. There is always the problem of when will you exchange your BTCs. Maybe the exchange goes to $1k and you are happy with your profit and then in 2 months it goes to $5k. You will not be so happy then if you exchanged your BTCs for a profit at $1k. Or the exchange might be at 450$ for 6 months and you just have money stuck, while miners have money moving. Also don't forget that the SP10 is profitable even at 45 bil difficulty. Last year everyone was throwing money when the exchange rate was high without any planning in case something goes wrong. Now it seems that everyone is taking EXTRA measures when it comes small amounts of BTC. Nobody was thinking of any BTC return when they spent 55 BTC for a BabyJet or when they spend millions buying from CoinTerra or the other manufacturers. |
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Guys, we should all hold off our hardware buying so the asic manufacturers can go into distress and start knocking off prices. At the current price, we are buying hardwares to support them. You are not buying to make a profit. If that is your goal then go ahead.
It was a mistake to not create a self-moderated topic, but I thought we passed this kind of discussions and i hoped that only questions and issues regarding this GB will be here. I see that you are happily buying other miners, but somehow you have a problem with this GB: I bought an s2 recently. I did not get a coupon. How do you access to the coupon?
Bittech is not being honest. He said he will ship my miners tomorrow, but it took him ten days. YOU CAN NOT DO THIS IN THIS BUSINESS.
I buy those 4 miners from you for $8000. You make a $500 profit right now.
I will definitely be more careful next time, but please keep your opinions to yourself and don't by a hypocrite here. I don't want to argue about this so let's call it even. Edit: And no I will never donate to lazy thermos who can't have a proper forum software. |
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looks like the competition just stepped up. Dragoon 1 TH are going for 2300 hosted with insurance & 2400 with delivery included. Prices are excluding bulk discounts. hope this GB can compete or do better like suggestions posted earlier. i'm not saying this GB or the sp10 in not a good product/deal but just got a feeling other manufacturers may lower the price even further.
This GB - $2130/TH with 1 month hosting or free shipping; Dragon - $2300-$2400/TH. You lack math skills my friend. |
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If you haven't received the e-mail from Spondoolies Tech please let me know!
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I'm not sure what the profit margain is on each unit
But I would be a buyer at a lower price point than the price point it's at now as would I think quite a few more people
I got it. No need to repeat it every page |
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Dear BoJaques, we are so sorry for the trouble, please send email to info@bitmaintech.com and offer your info in detail, we will replace new miner to you soon BITMAIN Better customer support. I wonder why. |
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price is still to high +1 S1s are now about $200 a pop. For those who are math challenged, that's $1200/TH unpowered or $1560/TH stock with ATX golds.  Sorry to say but price (including costs of PS) and power consumption is not the only means of comparison for product value between S1<>S2. When Bitmain can also make the S2 as reliable as the S1 and ship it in working order to customers with a lower sale price then I will take notice. IMO Bitmain has done themselves a disservice by trying to build a 1TH miner with their existing ASICS. As an EE and embedded software engineer I see these problems: 1. Bus based systems using card edge connectors - unreliable (see original IBM PC) 2. Beagle board is hobbyist grade - unreliable, known for SD card problems 3. Too many ASICS - unreliable 4. Shipping problems because of #1 above. The S1 is rock solid because it was designed that way. 1. Two blades solidly attached to a metal frame and connected with ribbon cables. 2. Commercial quality controller in the TP-link I assume (hope) Bitmain cobbled this together as a stop-gap while they ready their next gen ASICs. I still think S2 is the best option in the market considering the available options. You really like to market your products. I think that the SP10 is a better choice versus S2. There! |
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I've ordered enough Bitmain HW to know that it'll be on my doorstep within three days after it gets picked up in China. You're making the assumption that Spondoolies will be able to ship out up to 500 units on May 16. A single hiccup and that gets pushed by up to 3 days.
If Bitmain has shipped out early, which they have a bit of a history doing it's possible I could have the unit in my hand by Friday, although I concede early next week is more likely. The case still stands that there lies the reasonable possibility that there will be a two week delay between my receipt of the S2 vs the SP10.
How can you receive "your" SP10 with a two week delay since you haven't joined this GB? - You said something about import fees and now after I question you, you remain silent;
My apologies, I missed your inquiry. I haven't received one although my understanding is that its' in the neighbourhood of $600. Every S1 I've purchased was marked at $150, even the ones I bought in December for $4,000 a piece. Diverting the subject again and again. I thought we are talking about S2, not S1. Why not stay on topic? Perhaps you should re-read my post, it was a statement about what matters to me. I did not lay claim to what was cheaper or not. Ok my mistake there. |
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Who receives the rest of the 850k chips? What do we know/assume?
A big miner producer called "Hashratio" in China also has received a huge amount of Gen3 chips. However, they are focused on self-mining and huge clients, so many people don't know their existence. So after selling 850k chips when will people get dividends from them? |
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I dunno what everyone is moaning about. Is that 125GH from one chip for 150W? Compared to the A1 25GH chips that's very good!  Maybe it can be underclocked to get 100GH for 1GH/W? A:3840 HW:32 = 0.83% Errors which is acceptable but would need to see a longer run. We have 1GH/W since last year so I don't see what's so special about BA's chips. Price? Availability? |
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If BTC goes to $650 by 19 May I will get one for sure !
^ This. Actually, if BTC creeps up to 475+ and the group buy is slow enough for them to drop the price down to $2995, I'd be in for one or two . The price point is just not that sexy at the moment. I get cheap as hell power. S1's are hard to beat still, regardless of being power hogs  . That said, I'm glad we have at least 3 companies competing for business from us. The prices will continue to come down as they compete with each other over the next month. The forum will never be pleased. On my first GB people were asking in-stock miners. I got them in-stock miners at the best $/GH available right now and they want lower price... I wonder from what company will you buy in 3 months. Edit: I learned one thing during the last year. In bitcoin world it's better to buy bitcoins when the price is moving up and when the price is moving down or staying it's better to buy miners. If the price goes up very fast everyone will buy miners and the difficulty will explode so no point in buying miners then. I saw my Avalon chips lose value faster than a banana rots and all of that because we went from ~$120 to $1200 in just 2 months. For me this is the best time to mine. I get more bitcoins than what everyone will get if the price explodes. |
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