They have missed their promised delivery dates AND the product is faulty and doesn't meet advertised specs.
I'm too lazy to search for the posts where you shill for KnC, but it's funny to read this from you. |
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They are building their 20MW facility (it is not finished / operational as far as I know).
They have added at least 1MW of capacity every month since April, and those first added PH were obviously the most profitable ones.
(Customers at 3$/GH have more than broken even twice, so you can see that Cointerra at internal cost of ~0.5$/GH has been shitting gold).
In August they had around 15MW of own / outsorced capacity, populated with miners.
Additionally, they sold cloudhashing contracts with a massive margin (and delivered around 5000 miners until June afaik).
I agree that Bitfury is more impressive, but Bitfury´s internal hardware cost on the 55nm chip is above or equal to 0.6$/GH, while cointerra should have been below 0.5$/GH from the start of their sales.
The claimed efficiency seems entirely within the realms of possibility, especially if you see that current spondoolies chips manage around 0.55W/GH on 28nm, and possibly even better with additional optimisation.
That doesn´t mean that they will achieve the claimed efficiency, especially with their track-record though.
You didn't understand my reply. I was trying to say that big money doesn't mean that they are safe from default or from fail. I wasn't implying that the are not making money. Also I wanted to know what's their best efficiency for their already deployed MW. I think aerobatic replied to me about their 16nm miner, but I'm not interested in that. I wanted to know their best efficiency on their deployed miners with the GoldStrike1 ASIC chip. the 0.23 W/GH is the 16nm 'aire-miner' they're offering for pre-order now. its not their old 28nm based 'terraminer' !! no one has a 28nm based product that can achieve 0.23w/gh... at this time. I was asking about the Terraminer when you replied about 0.23W/GH. Everything is clear now. |
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in the web management pages, users have the ability to tell it how much power to use (power stepping mode), and it will scale the performance accordingly. this should allow people to choose the optimum power and performance for their situation, if they're paying a lot for their power. of course, with many miners now having moved or are moving to cheaper places to host, like washington state, where the cost of power is less than half the cost of power in the rest of the US (and 1/10th of the cost of power in California)... there will still be a few more months of profitable mining for many miners. but yes, the writing is on the wall.. and the current generation of miners is surely on their last legs and need to be replaced with more power efficient miners. cointerra's 0.23w/gh miner is one such but I'm sure there will be others
luckily, difficulty has slowed right down and the next step will probably be the smallest difficulty jump in a very long time - which could allow bitcoin miners to hang in there awhile longer. and who knows, difficulty might even go backwards now that the price of bitcoin is so low and the cost of mining is relatively speaking, so high.
Fancy and complicated answer for a simple question. How low can TerraMiners go with efficiency was my question. From your answer I understand that they can go as low as 0.23W/GH which I don't believe it. Maybe you were referring to the chip efficiency, not the whole system, but even so I still find it hard to believe it. I want to see it! You should be impressed because they have at least had 1MW added every month since April, which got them a good amount of profit already.
They also sold much of that power at a massive profit to their cloudhashing customers, so instant profit there.
I guestimate that it is not running much better than 1W/GH but their operational cost should be quite low in terms of $ /kWh due to economies of scale.
(Then again, only their newly built 20MW facility in Canada, which isn´t finished yet, should have the very lowest cost per kWh).
This recent option to pre-order their newest miner is only a way for them to recover/finance the MASSIVE NRE (which already is around $7-15M for 20nm development) faster.
Actual internal cost of these units could be around half of the current 28nm cost, which is slightly below 0.4$/GH on good 28nm designs.
(Assuming cheap labour costs and very high production volume, a little higher for water-cooled setups).
That's a total of 7MW on top (or not?) of their 20MW facility in Canada. I am sorry, but I am not impressed. Bitfury can do 20MW every 2 months. That's impressive! Remember that they still need a couple of millions on top of NRE costs in order to build their new miners. Also we must not forget that HF defaulted with how many tens of millions in pre-orders? 30M$? 50M$? |
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Cointerra is by now a bigger player in the ASIC mining industry, with around 20MW of own mining operations, and a good amount of sold product, so the chance of them defaulting over this product is smaller.
How low can the TerraMiner go with efficiency? I remember them being over 1W/GH so having 20MW of that efficiency is close to losing money at this point so I'm not impressed of anyone having so much speed deployed if they are close to no profit. |
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  We started shipping to our first few customers last week, end of Q3, as announced. We did find however, a software bug we need to resolve. We had to decide to stop further shipments, until we have fixed the bug. Right now our Software Team is working hard to get it fixed. We expect this to be finished by the end of this week, so we can resume our shipments again. With best regards, The MAT Team October 8, 2014 So they started with a stop. Ok.... |
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Don't forget that everyone in the northern hemisphere who pays <$0.08/kwh can effectively lower their rate by ~0.03/kwh by using the miners for space heating. (natural gas is $0.03-0.04/kwh most places)
You and this nonsense again. Have you mined with more than 5 devices in your home? I would really like to see you using miners as space heating for a whole winter. It's easier said than done, but since you are not a miner you don't know this. And even if someone could use miners as space heaters. They can do this only one winter, because the next winter the equipment will be obsolete and since the profits are so small the miner will not have money to get new equipment so next winter he will freeze.
P.S. It's funny how you are trying to raise legitimate issue and people accuse you of shilling for AM. It's EXACTLY how it happened to me in the AM thread when I was trying to raise questions about the costs of deploying of 60PH/s of chips and all shareholders were complaining that I'm shilling for SP-Tech. I will call this instant karma. Enjoy it! |
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I WANT THE REFUND ! I DONT WANT TO GET THE MACHINE !!
Then drop a complain to FTC, police and everyone else that can put scammer Ken Slaughter in jail! |
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I have two SP10s at Advania, and they show 31 °C and 41 °C input temps respectively all evening ... way higher than normal.
Anybody else got a machine there and seeing an increase in input temps?
41 is totally unacceptable. Send an e-mail to support@ |
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Do any documents explain what all the info under the ASIC Stats page means?
I saw in the manual that 2 columns are detailed for the temps and which ASICS they are. However, what do the colours mean? Also, I seem temps in white that are all random numbers, what do they signify?
Thanks.
http://www.spondoolies-tech.com/blogs/technical-blog/14512213-asic-statsAbout the colors I think <85 degrees=white, 85-1XX(can't remember) yellow and higher than 1XX is red. Unless you have high temps on all chips you shouldn't worry about the colors. The FW auto-tunes the hot chips. |
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right, still AM's capacity is not the same too.
But nowhere to be seen! they at least have produced 60Ph more. bitch.  Produced is not equal to having online! |
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right, still AM's capacity is not the same too.
But nowhere to be seen! |
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there's surely no dump going on.
Cypherdog is the guy Dumping the 25k on Bitstamp! I bet 10 BTC it is him. Early adopter has about 100k BTC, been Dumping in bunches of 25k - 30k the last 48 hours. Believe me ist him. He wants to cash out. While I dislike cypherdoc for his HF shilling and endorsement I don't think he is that stupid to do that. There is simply no logic reason for him to do that. |
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I hate to say it but my SP10s get a better hashrate here although I hate the luck.
I withdraw! or maybe not... |
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... then buy whatever overpriced hardware roadstress is pimping.
Otherwise buy an Asicminer Prisma for less than half the price of anything SPtech is selling.
Disclaimer: I'm an AM shareholder therefore will profit a fraction of a penny for each sale.
I am not pimping anything. OP asked where to buy mining hardware and I have replied to him. No pimping. But your disclaimer is appreciated. A step forward! |
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I suspect anything using more than 1.5w/GH is turning of at this point.
At this point I have turned off my Jupiters. Still thinking if I should put then on solo mine or not. |
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Safe, reliable mining hardware for beginner : where to buy online ?
is it possible to pay with bitcoins and what company selling them do you suggest is safe for shipping and good prices ?
I alrady have spotted 2 place I could buy, but looking for ideas, tips or deals about the best place you think there is to buy first hardware...thanks!
Check my sig! |
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Good work Sherlock Holmes. You used shit from a year AFTER the page in question. It's 2014 NOW you idiot. We're talking about 2013. Try to keep up. The sad part is, I know you try your hardest to keep up, but you just can't quite ever figure out what's going on around you. I bet you are amazing to watch in real life, stumbling and bumbling your way through your daily routines. Hey retard how about you pay your bet? http://www.bitcoindf.org/ |
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Seems the new Bitmaintech S4's will only work on the Guild....... Expect your hash rate to go up  And others say they don't work on Guild...I love how it seems ASICs are becoming even less consistent than their first generation units. Everything I've ever mined with from 1st gen stuff to the most recent gear has worked best at the Guild. I have several old Bitfury rigs still running and they only like it here. They didn't even work well on GHash and that's their bread & butter miner, lol. I hate to say it but my SP10s get a better hashrate here although I hate the luck. |
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Recieved a miner on Friday that was preordered. However it has not run at above 2 TH. I thought it was just doing its calibration thing but upon further investigation the miner appears to not be functional.
Any advice on getting this fixed ?
Did you already emailed SP support? they are usually pretty fast! What is their support email ? Is it info@spondoolies-tech.com . Nothing on the contact us page http://www.spondoolies-tech.com/pages/contact-usIt's support@ It seems that you have a dead PSU. Tried swapping it out and pressing it back in? |
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I've been mining for about 2 years now and after receiving my last 40 TH from KnC and hearing they will not be shipping anymore to retail customers, I am curious where I will find a reliable ASIC firm to continue expansion. I ordered from Cointerra once before and had a HORRIBLE experience, many users on Reddit and Twitter reported the same hardware problems (promised minimum 2 TH but lucky to get 1.6 aside from overheating issues) and lack of support from the team. Obviously I'm quite skeptical about their revamped "team" and products. Been doing a bunch of research on Spondoolies and wanted to know if anyone has ordered from them in the past and if so how was the customer service, hash rate (vis-a-vis projected hash rate) and power consumption over a 24 hour period? Thanks in advance!!  Server grade units, best customer support, top notch quality overall! do you have them in a datacenter or remotely hosted? and is the actual hash rate/watts at the wall in line with projections? I have them in a DC yes, but I don't quite understand your question. Units are running at 4.5Th/s - 3kW (+-5% normal variation). |
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