I have to agree with OgNasty. If the company and it's product must remain "secret" for it to be viable, then it almost certainly is a fraud/scam/fake/whatever. Anybody with a legitimate product will open their product to some kind of scrutiny. Folks that want to operate in the "dark" do so for a reason, almost never a good one.

So is your "all in" price about $200 to "muffle" one S7? Have you down clocked in any way, or is it running at stock speed from the factory?

My $.02:

I think anybody who assumes a low difficulty rate increase going forward is deluding themselves. While the last 6 months have only been about 25% (for just 6 months), the last 12 months is more like 100% growth in difficulty. I think the golden summer is drawing to a close. I too think it's silly to make predictions about BTC price, but I am confident that BTC difficulty will continue to rise. Perhaps more slowly than a year ago, but still at a breathtaking rate compared to any other industry.

In terms of SP50 pricing, Bitmain has provided a lot of "cover" for Spondoolies. Just given an equivalent $$$/TH, Spondoolies could price the SP50 at $40,000 and still be undercutting the S7 (which needs a PSU). The SP50 has better efficiency and better operational deployment for the "Professional Miner" (extracted from their announcement). I have no idea what it costs to manufacture an SP50, I doubt it shows up for less than $40K.

Nice and speculative for me, since either is a nogo personally.

I wouldn't get my hopes up on this. I expect Spondoolies will price their SP50 to look reasonable in terms a comparison to the S7. I don't think they will try and undercut the S7 hardly at all. Considering they have an efficiency advantage, they may well price above a commensurate number of S7's.

Unless and until we see a price and ship date, this is by no means "a game changer" (IMHO).

Could you double check the frequency? Looks like a possible typo?

In case folks haven't seen it, Spondoolies has decided to return fire at Bitmain, with their 100+ TH SP50 monster. Looks to me like the ASIC arms race will resume. No date or price yet on shipment, so I think this adjustment will not reflect any SP50's. Eventually they will show up and push difficulty to new heights.

I wonder if Spondoolies expects the SP50 to dismantled a bit as part of installation? It would be obvious to remove the power supplies before installing it. I wonder if they expect the blades to be removed and only the chassis to get installed in a rack.

All interesting questions to be answered. As with most other folks I can only hope they eventually make a small ASIC count "home miner" using the PickAxe. That might be a lot to wish for.

Congratulations on producing the largest miner known to man.....

While I probably shouldn't speak for sidehack, I'd be stunned if he was interested at all. I think you can expect the PickAxe ASIC to be a high wattage, BGA monster compared to the Bitmain chips he worked with. We'll need more details, but I think it's safe to say it wouldn't be USB powered.

I hope your wife is a weight lifter. Maybe she can help you carry it down the stairs. It must weigh in excess of 100 pounds.

 

Better have some help lined up for when it arrives. It must weigh in excess of 100 pounds. Of course maybe you just tote around 50Kg objects all the time..... 

Personally I am just happy to have Spondoolies "surface" again and resume communication. Clearly they didn't say the right words or prepare the right kind of PowerPoint slide to extract $116M from the VC guys in California. Probably not the worst thing that could happen to them (IMHO).

He may well still have some financial interests in the BTCS merger, even if he isn't employed full time there. We shouldn't be surprised if he doesn't respond.

While it's an interesting argument/possibility, I think it's a VERY remote possibility. Just look at bitcoinwisdom as a an example. If it were to start showing a decline of say -20% estimate for the next adjustment, there is a lot of mining gear that would get turned right back on. I think that for many miners, when it gear gets unprofitable, it goes idle. It doesn't get destroyed immediately. If it gets sold to somebody, they didn't buy it so they could destroy it, they bought it to mine with it. I think the actual decline of mining capacity will happen slowly (i.e. weeks and months). I think it's more likely that some miners will attempt to sell their gear in anticipation of the halving, because they expect a major decline in the resale value.

There are so many ways to look at the halving, it's crazy to get an accurate guess of what will happen.

Part of it may have to do with how folks express a difficulty change. I'd swear I saw 3%/month, which is really pretty low, and way lower than 3%/adjustment (i.e less than 2 weeks). Folks that have been mining for more than a year consider 1%/month to be a SMALL change. In virtually any other industry, 1%/Month would be HUGE.

I'll take +1.76% to +2.00%

I think we safely ignore the $400 21Inc Juggernaut until around Thanksgiving (US Holiday in late November). Of course we don't know what 21Inc is actually in terms of deploying miners within it's own walls. Probably something a lot more substantial than what they are sell for Pre-Order now.

A big chunk of "Mining Profitability" these days is related to when you sell the miner (i.e. asset) and the resale value at that time. You may well not "Break Even" (aka ROI) until you actually sell it. I am certain that the S7 will need to be sold in order to generate any actual profit for most folks. As to when that happens, it all depends on your situation, and what's happen in general (e.g. difficulty, BTC price, new miners, etc). The S7 probably set a new record for how long it held it's value in terms of price. It never got priced real high, and difficulty and BTC price remained fairly stable for months. I don't think you can expect the same for the S7.

You have got to stop thinking about conventional economics here. The IoT bandwagon is impervious to conventional economic considerations. After all, folks are going to just be so happy to pay an extra $25 for their light bulb, it doesn't matter if the ASIC price is a little high. The fact that it's going to be part of the IoT relieves it from those pesky metrics.

If it's connected to the Internet, it MUST be great!!! 

I also found the "WiFi connected Garbage Cans" to be truly hilarious. In my house, the garbage goes out when it stinks too much, or it's pickup day. I would love to see what a "WiFi can will cost" and how it changes the need for the trash hauler to drive down the street on Monday morning. I am absolutely not interested in doing Tech Support at my house for any new Internet connected Gadgets. If you aren't married, this may work great for you. My wife will have nothing to do with it.

So do the JetCars arrive at the same time as the switchover to connected cars? The graphic referenced above is way cool and really impressive. Including the item where the IoT universe is worth $7.1 Trillion, which is supposed to be larger than the 2020 Russian GDP. I wonder how the Russian people feel about that? Looks to me like we need to get on the stick and start replacing cars at a furious pace if we want 90% of the cars on the road to be "Connected" in 2020. Maybe folks will just be so dazzled by the possibilities they'll run right out and replace their car. I am sure the.

The costs are staggering and completely out of line with reality. Maybe this can become part of the 2016 Presidential election discussion, after of course we dispense with Planned Parenthood and reducing taxes on the wealthy.   

Feel free to follow the link and asses it's accuracy for yourself. Just remember that this is the SPECULATION sub-forum, and claims here should be treated accordingly.

Even if it were accurate, a 7TH, 3.5KW miner isn't all that impressive now.