For reference each 12038 loads at ~1.9A at 4000rpm, making each fan up to 23W.

If you have the CX750M, running it in anything but room temperature ambient will cap its maximum power pretty strictly at 750W before it gets overwhelmed. When I'd put mine in the hot boxes they'd start throwing out at about 35C with max load.

Its not $2 difference, its $0.02. The entirety of their order book down to $0.0001 is only worth approximately $55k on a cap of $15.2m. In their own SEC filings they say there isn't a liquid market for their shares and there never may be, and yet they want to uplist to NYSE?

http://www.otcmarkets.com/stock/BTCS/quote

Its not easy to trade an illiquid penny stock on something like OTC as no ones going to give you a short position so once the stale order book gets eaten through it doesn't matter what the price is because you can't trade. The volumes even in the last few days are quite low, in the order of $200,000 over the last 5 days from their market cap of $20M odd. Unfortunately BTCS has quite a few creditors are vendors who received payment in stock so this is going to hurt many a business.

I didn't state either way whether the compensation was fair or not, and instead took it as an assumption as its a separate topic.

I am unsure if it would be best to describe my position with Spondoolies as "hired", otherwise I would have "worked" with most of the hardware industry by now.

• Spondoolies provided an SP10, SP30, SP20 and SP35 for evaluation.
• Spondoolies had me sign an NDA in order to discuss very specific business matters.
• While I often provided "consulting" - especially around releases - I was never remunerated for these services.
• Spondoolies also provided access to their affiliate scheme.

That was the limit of our relationship. It just so happens that they decided not to pay me under their own affiliate scheme agreement, hence our relationship will continue for quite some time via lawyers.


My opinion: Directly or indirectly, willingly or unwillingly, knowingly or unknowingly, RoadStress was utilised to discredit or shout over anyone who disagreed with Spondoolies. He was paid for his affiliate sales and so is happy but shouted down others who weren't. I really don't see much difference between RoadStress and ICEBREAKER Cypherdoc other than RoadStress is promoting a product that didn't immediately damage consumers, assuming the SP3X compensation they gave was sufficient. There are victims in both scenarios unfortunately.

Edit: I meant Cypherdoc.

Even more so its "not not allowing". Theymos does not click approve on any topic and is probably unaware of 95% of threads.

Israeli bankrupcy law is still very close to English law, meaning not really. Restructuring plans (aka "this what I'm going to do to fix the company") are very hard to get accepted.

Update: It appears a band of employees who weren't being paid had the court grant an interim liquidator. $2.25M in cash is a lot of money to burn though when you're not trading and aren't paying your employers, eh?

Whomever the receiver sells it to.

Just to make it clear, I was referring to the $1.5M and $0.75M investments Spondoolies received while the merger was pending. These were topups to keep the company alive and seemingly healthy while the merger was pending, as it took longer than expected to gain all the approvals. These two amounts amount doesn't include the actual merging money which never triggered.

In return for the $1.5M on December 15, 2015, BTCS received just ~3% of Spondoolies’ equity. Similarly for the $0.75M on December 15, 2015, they received just ~3% of Spondoolies’ equity, again giving Spondoolies a valuation of $25M for a very dead company. These are the "token" payments that Spondoolies appears to have taken to the grave with them, in funding rounds with likely their highest ever valuations. Crazy stuff.

Edit: To comment about RoadStress - he did at times act as Spondoolies attack squad as to keep their hands clean, but from his perspective there wasn't anything wrong with the company. He organised a group buy and received his remuneration; apparently most affiliates didn't. To then deny the existence of such claims and failures of the company was shill like though. People's mortgages, investments and even entire companies are are on the line here but its okay just as long as he got paid.

Not yet, no. Lawyer is paid for up front so no changes.



Yep, I was waiting for them to announce it themselves. This shitstorm isn't over though, as... The following are my OPINIONS EXPRESSED IN GOOD FAITH, I CAN NOT ATTEST TO THE ACCURACY OF THE FOLLOWING STATEMENTS.... it seems BTCS wasn't on board with that plan. It appears that Spondoolies may have abused the fact that BTCS kept giving them money for only token amounts of equity, then filed for bankruptcy so they keep the money and pay out their own creditors / investors. Maybe this was the master plan Guy had all along and why no one else could work out why they were merging with BTCS.

Alternatively, a different creditor filed to force them into bankruptcy before I got around to it and so while neither Spondoolies or BTCS chose this, its still happening.

Spondoolies made a conscious decision not to self mine, even though they ended up building a sizeable farm. That's nothing to do with power cost, and if they had decided to self mine they could have created any number of global mines in the same locations Bitmain had access to.

They received $2.25M from BTCS, that's a significant amount.

I would not consider it successful, no. The buyer has to pay for those frills, and unfortunately Spondoolies wasn't able to recoup those costs and still be able to sell units. As scyth3 suggested, no frills won over frills.

The SP10 won by efficiency and density, not by frills. The SP3Xs won by preorders, not by frills. The SP20s 'won' by being sold at a huge loss, while also not being very good.

And as mining history has shown us, people aren't willing to pay a price premium for frills when there is raw hashpower available elsewhere cheaper.

Can you have an adult discussion for once, please.

You already can with *.

For the same reason Spondoolies couldn't compete on price, its just too expensive. If they wanted a US facility they'd continue what they had before and make them in CN then ship them over in bulk.

They already enjoy 2 day air shipping to most of the world and would need a farm in the US (expensive), so without a significant bump in price to pay for these niceties its never going to happen.