Yeah, people get pissed when you try to fuck them in the ass after they send you money.  Imagine that.

You can't tell me SPD didn't expect a serious backlash in view of all they said about certaintey and how serious the shortcoming was.  I am just trying to help give them the grief they know they deserve.  It will motivate them to speak more humbly in the future.  And possibly to avoid major fuck ups which cost their customers thousands of euros.

I am pretty fucking sure Guy knows this anti-PR is well deserved.  As soon as he sends me a personal note to that effect, I'll stop. 

Hmmm, let me guess.  Now you learn a lot, you seriously know what you are doing now. 

Learned lots on customer's expense.  I hope those customers get some nice PickAxe offers laters.  Any of your Yukon customers ought to get access to some serious catch-up hardware.  Everyone knows you don't have money to return to customers, but what you do have is the ability to make kick-ass hardware.  Compensation should be in the form of future kick-ass hardware - that way you don't have to short everyone.  Maybe then, customers will be happy.

Even Bitmain came up short, gave good value on future hardware (S3 coupons), and everyone was happy.  Giving back money doesn't help anyone.  They don't want money - they want the hash power you said was coming.

He did qualify his statements:
"Seriously, we know what we are doing"

"You can take that uncertainty out of the equation"

I relied on those qualifications to my detriment. 

Guy mentioned a lot of shit which didn't come true.  Unicorns and Unobtainium - that's what they are peddling from Tel Aviv these days.  I should never have bet on those guys.  Shit.  All garbage and lies.  I paid a price for believing in that dream.  

Thank god for china and the AntMiner - now I can pay for my losses in Israel.  Hope you enjoyed the money Guy and Zvi.  I know I won't be able to.

That's not such a good number for people who were promised 6TH on their 120 circuits



Steaming away at 420 on the 12 hour average...
http://eligius.st/~wizkid057/newstats/userstats.php/1K15YmnotHd3TL1ZxL4p41MmxD1mAnt1ts

Read it and weep.

Doubt away suckers!  S3s are cranking away day and night while Spondoolies is giving their people nothing but lies and sub 4TH.  

I am fucking shocked that Spondoolies let everyone down.  I was 100% convinced they nailed it.  In the very earliest days, I wrote to them: "yeah, but that is what BFL, KnC and others were saying too".  They were 100% confident they knew what they are doing.  Hahahahaha.  What a sucker I was to believe that crap.  

Now, we don't hear anything about fair compensation nor shipping numbers.  Just like KnC who shipped out 5 units - they report "we are currently shipping on time".  Sure they are.  Fool me once, shame on me.  Fool me twice - well, you know.

S3 PSU's cost $69 each.  I am happy to pay that to have a working miner instead of promises of coupons and delivery dates which are being pushed way out to god knows when.

Why the silence?  Why won't Spondoolies comment about how many are shipped and how many are likely to be shipped next week?  They are just like KnC.  Total silence in the storm of failure. 

No shit.  What a great deal from the guys who say: 'Seriously, we know what we are doing.  You can take that uncertainty out of the equation".  

Antminer is killing Spondoolie.  That is fucking embarrassing.  Lucky for me, I am sitting in a room full of S3s.  Sad for me - I also have a shitload of Neptunes and Yukons I have to eat.  Fuck.

I actually lucked out - got a bunch of S3s just for the fun of it - and I am totally shocked how good they are.  Rock solid.  Just running, running, running.  Making BTC.  I can't believe it.  I thought that was just more Chinese shit.  Not true.  I got fucked by BFL (American), I got fucked by KnC (Sweden), and I got fucked by Spondoolies (Jews).  But I didn't get fucked by the Chinese.  What I got from the Chinese is pure, solid, rocking hash power for a very cheap price.  

I guess the pendulum swings.  Who'd have predicted fucked up shitty engineering from Americans, Swedish and Jews, with kick ass reliable engineering from the Chinese?  Not me.  The world turns.

By the way, I sent a new order for S3s this week - 10X my old order.  Fuck KnC, fuck BFL, and fuck SpondTech - they are all lying bullshitters who can't engineer a hashing machine.  AntMiner rules!

Spondoolies thinks it is no big deal they missed the target by a mile.  However, all those who carefully planned out a target to profit on pretty thin margins - got royally fucked.  Now RoadStress is running around saying: 'just have it hosted'.  Well, many miners didn't want to pay the service charge of hosting.  They wanted to rely on what Spondoolies said and host themselves.  They believe in the power spec.  They believed in the hashing spec.  Which would have worked - except one thing: spondoolies didn't know what the fuck they were doing despite telling everyone: "Seriously, we know what we are doing."  They also said: "you can take that uncertainty out of the equation".  So we all did.  Now, its not Spondoolies getting fucked - we are getting fucked.  Spondoolies still has the same amount of money as if they delivered the full spec.  They didn't.  Now everyone is scrambling to do what they can with the new parameters.  Changing from a planed site to a hosted site is not trivial.  This is a real impact on peoples plans.  RoadStress spent a shitload of time in other thread bashing the fuck out of other projects.  Now that SP30 project is all fucked up - he says: you should not be using these at home anyway.  Well, if the specs were correct, they'd actually work on 120V @ 20 amp.  But as we were all stupid suckers and believed the bravado from Spondoolies - and fully did not expect the serious shortcoming which is the SP30 underperforming machine - abortion of engineering - we don't know what we are doing - we are now fucked looking for new arrangement to try to break even.  

There is only one solution: Spondoolies must make a seriously kickass gen3 machine and offer it to previous buyers at cost.  It is the only way they will come right.  The compensation package is silly for the reasons spelled out by many above which say that power cost the big let down.  

SP50 is the only serious fair recourse.  If Spondoolies wants everyone to be happy, they will go back to work, and build the best machine ever and let loyal customers into the earliest release.  

Anything else is just about as lame as KnC.  

Notice how Spondoolies is acting just like KnC now.  KnC released a few Neptunes and now they say: "Neptune shipped on time".  It didn't.  They shipped a few on time, many thousands are not shipped and won't be for a long time.  Now, Spondoolies released a few SP30s and they claim: "we shipped on time".  However, they haven't shipped a serious number of them - just a few.  Spondoolies is looking more like KnC everyday.

I actually already did this.  S3s are running very strong.  You'd be a fool to buy the SP30 which has a 'published' hash rate far different from the delivered hash rate.  That's just plain old betting.  With S3 - you get what is written on the tin.  Big difference.  Buying unicorn days are over.  Promises, promises.

Buy the S3 - they are actual hardware which works.  Numbers on paper are just silly.  Ain't never going to happen.

Can you actually imagine - life without Jeopardy?  What kind of living is that?  Even most African nations have Jeopardy.  You've got to be a serious Po' boy to not know about Jeopardy.

?? - seriously doubt it.  Litecoin is a failed project based on the notion that mining should be limited to small time CPUs.  Not only is this a worthless misguided notion, scrypt mining is in a runaway state now anyway.  Litecoin offers nothing.  It will be dead soon.  Probably very soon.  It serves no purpose whatever.

Sorry, that is not allowed around here.  If you don't show your Spondoolies receipt, you can't possibly be right about them having fucked up their engineering.  Only those with certified receipts are allowed to comment. 

I get in huge trouble for having an opinion without having proof of order.

4.5TH is a rip off.  Here is a perfect 'make-up' kit: just add 4X Antminer S3.  Viola!  Back in business.  Good thing we have China to save the day for the lack of engineering ability in Tel Aviv.  

Tel Aviv: no shortage of confidence - way short on hash rate and efficiency.  

Exactly.  I've speced big data center in Washington and paid for tons of it with the plan of .5 w/GH which puts profitability in the green for 12 months.  Forget about a discount on the price, with the new power figures - I am clearly in the red.  

With an adjustment on price only, Spondoolies shortcoming and failure to meet spec caused my datacenter to get into the red.  That is not fair compensation.  Margins on mining operations are very thin these days.  A reduction in price doesn't account for electricity spent on lifetime shortcomings.  Fuck.  

The project penciled out nicely - until the new power figures ruined the whole plan.  Price reduction won't help.  That efficiency loss has to be made up somewhere else.  

If they were anywhere near 6TH, they'd do like AntMiner and just say: oops, sorry about that, we are 7.7% off target here is a coupon - and just keep going.  1 day of discontent and its over.  The reason they are silent is because they are not even close.  My bet, they can't even make 4.2TH.  This would cause a radio silence while they all try to think of ways to deal with the impending bankruptcy.  

And to think, everyone in Israel thinks the big problem of the day is rockets from Gaza.  Only SPT has bigger nightmares.  Now I'll bet Spondoolies actually WANTS a Gaza rocket to hit their labs.  This way, they can just blame the whole thing on the Palestinians.  lol.

"Exclusive Webinar Series"

That excludes me.  who has time to put in a ton of personal information (address) and agree to receive spam in the future just to listen to this production?  forget that.  Just go to let's talk bitcoin http://letstalkbitcoin.com/ where good information comes without a long sign-up process or commitment to receive endless spam.  

I'll bet their viewership is about 8 people in total. 

They went into shut down mode.  Reality is too hard to deal with.  We won't hear much from them until they start shipping 2.1TH garbage in April after the lawsuits start.

"Seriously, we know what we are doing"

I'd say: "How are you doing, Nick?"