I've studied Economics, supply chain, and money flow a lot.  I've also put these principles into practice most of my life.  If anyone who reads this cares about bitcoin prices going up at a faster and much more stable rate please let me explain how it needs to be done simply then with detail.

Simply put: product/manufacturer providers need to accept bitcoin

Why:  Merchants Love Bitcoin already, Newegg is even putting a lot of its total purchases to encourage the bitcoin progress (incredible), but what do these merchants have to do?  Sell the bitcoins.  This means the end of the bitcoin money flow, this is bad since it increases bitcoin supply and reduces overall demand.

How to resolve it?  Figure out why the merchants need to sell the bitcoins.  Currently they have to in order to stay in business because their suppliers, paychecks to employees, powerbills, exc all want USD, focusing on merchants is great but unless we can make A full loop with money flow, Please keep that in mind FULL LOOP.  Whenever the money has to be converted to USD the value is decreased, whenever a full loop can be made there is less selling of bitcoins and increase in bitcoin value.

So the first way to increase value: Full loop of purchases from employees getting paid bitcoin, purchasing from a merchant with bitcoin, the merchant getting supplies by paying with bitcoin (not USD), and the suppliers paying their expenses through BTC as much as possible.

Not an easy task, but with the number of merchants now accepting bitcoin, bitcoin has already come a long way.

There is at least one other aspect that increases the Bitcoin value: Investors

I ordered 2 September Batch 1s for about $10,000 total.  But I'm getting confused with batch 2 being 4.5TH when batch one was advertised as 6.0

I've emailed Spondoolies but like others I've not had any reply yet.  Anyone know what's going on?  Are the batch ones really 4.5TH and not 6TH as advertised before?  What happened to the product page of the sold out batch 1 units? 

And if they're not going to provide what was promised, how do I proceed to get a refund?

I know what they say on the site now, but before they had the SP30s at 6TH which is what I paid for at about $5,000 each.

I'm wondering if they still plan on delivering on that and why I've not been contacted about the progress or why they took the Batch 1 down for September.

I ordered 2 September Batch 1s for about $10,000 total.  But I'm getting confused with batch 2 being 4.5TH when batch one was advertised as 6.0

I've emailed Spondoolies but like others I've not had any reply yet.  Anyone know what's going on?  Are the batch ones really 4.5TH and not 6TH as advertised before?  What happened to the product page of the sold out batch 1 units? 

And if they're not going to provide what was promised, how do I proceed to get a refund?

Yeah I have the same problem
According to previous results I should be getting about 5 times more than I just did.

Yours too.  Just because another company is dishonest/incapable, it doesn't excuse future business tactics or performances.

How are the buyers compensated for the approx 15% loss in hash rate?

I can make it work with 1.62 TH but it would be good to know when the 20% refund is coming... there is one right?

Paypal has given me a lot of grief when it comes to bitcoin related sales.  They made false claims about my account, held my funds for no valid reason, and when I submitted the documentation and waited (3 months later) still they apparently failed to review my documents.

I have evidence that Paypal has ignored my submissions.

After being on hold for about an hour and discussing the situation and trying to resolve the issue, they got upset and "bitchcoins" came up, I said "I'm sorry?" and then the guy goes off on another subject.

The only mistake I can see is yours, for assuming on what was meant about you being confused.  You can be confused, man up and accept the possibility.  I think you're definitely confused on multiple levels at this point   not necesarially on the statement from Cointerra, (which may or may not be the reason why you were considered confused in the first place).

the fact is, is that late December can be clinged onto, and could be a fantasy, therefor doesn't exclude his statement, and could include you being confused.  Or he could be inferring you're confused because of another reason... but whether you're confused or not, I don't think is the point... but we can start a new thread about it

well I was thinking of purchasing until I came to this thread.

ty I'll look into updating

Thank you for the verification DZ.



Here's an update on the information:

Certificate Granting Rights to Lifetime Hosting with us. - 30 GH/s

This is for 30 GH/s hosted with us.  The certificate delivers within 10 days after purchase and receiving needed information we will ask for once purchase is complete.

The certificate will grant you the following:
A code by which you can change your bitcoin wallet address
Customer support
Hosting that covers electricity, maintenance/repairs, and air conditioning for the device at only 20 cents per GH/s per month fee.
Mining starting in January
Lifetime Hosting - we offer lifetime hosting, we keep our machines in top condition, and expect them to last 5+ years.
-    -    -

Maintenance/Hosting: We provide maintenance which includes fan and power supply replacements, air conditioning, electricity, fans and IT support.  Maintenance costs are covered in the hosting fees.  Hosting fees is 20 cents per GH/s per month.  As an example, if you purchased our 30GH/s and it earns 1.25 bitcoins and the value of the bitcoin is at $220 at that time, we would provide you with 1.22 bitcoins (charging .03 bitcoins).  Hosting fee may change proportional to at the rate of the USD value.

Lifetime Guarantee: we guarantee you the right to have lifetime hosting.  If the devices power supply or fans dies, we will replace them, however if the Processor ever dies we do not replace those and the certificate does not extend past that.  Also if desired any buyer may terminate the service.  Life expectancy is 5+ years.

Required Information:  I will need the following information (which will be requested once payment clears):  Email, bitcoin address, and name.  I use this information solely for the purpose of processing the order in a polite and courteous manner.

Forum: Forum support and community will be provided after purchase is made and will enable you to communicate with other buyers and myself.  Forum support should be done in a courteous manner and considerate of others and their viewpoints.  Overall we currently have a upbeat, team oriented group of buyers that are willing to help.

Payments and Payouts:

Payouts:  A test payment to your bitcoin wallet will be made before the first payout.  Test payments will be in November or December and first payment begins in January.  To change your bitcoin wallet address we will need your code provided on the certificate we deliver, if not available a difficult verification process may be required.

Payment:  Payment must be cleared before the certificate is delivered.  If there is any trouble with payments please contact me after the purchase and we can find a solution.  Once the certificate is delivered no refunds can be processed.

-    -    -

Check out our other listings for varying quantities

Questions:  I hope if you have any questions you decide to ask away.  I'm here to help and would love to talk about bitcoins in general or your needs.

Thank you DZ.

Nope and no.

Just looking to help others get ahead.

I noticed that some leasers of GH hosting was for 1 year 2 years whatever... but www.mybitcoinminer.com offers lifetime hosting.  And the prices aren't bad!  So you're assigned a device, and if it lives for 10 years, you got hosting with it for 10 years!  BTCBTCBTCBTCBTC

beats the other promises for 1 year.  I mean, they get the machine afterward, only the really overly skeptical on difficulty would want that right?

6) and they probably didn't think of how much you would complain... c'mon man people complain about things that have nothing wrong with them too, it gets old fast.

you give KncMiner 6 days to let you know, or .... .... .... .... why not just ask nicely?

Let me know how to get started and I'll get right into it.