SP10 and SP30 rack installation guidelines: here (download it and don't view in Dropbox online viewer if you want to open the embedded PDFs |
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you should remove the SHIPPING IMMEDIATELY on your contact us page for the SP10 before more people do the foolish thing I did and order thinking they will ship NOW.
The banner and the broken link will be removed. Thanks for bringing it to our attention. |
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My last post for now: the deal is air tight.
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Lol, to what end? What is this collateral meant to insure? See red font above, you're not making any sense.
To make sure cowboyminer will host the needed hash-power. |
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where is cowboy miner located? is it Steven wilkinson?
Why the are you avoiding the answer?
It's not Steven Wilkinson and I'm protecting my customers information. They're not US citizens and not located in the US. |
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Please answer my questions as they are spelled out:
1. If I ordered 35 miners from you, paid for them in bitcoin, would you run a background check on me (due diligence) and require me to provide collateral in excess of $100k? If not, why?
2. What is the collateral you are holding? Is it Bitcoin, Euro, Dollars, or? The "over 9000" is not an answer.
1. No. Because you don't involve my name in an IPO 2. $ Thanks. Just two more questions: 1. Since you are holding this in dollars, what is the actual sum you are holding, and how long will you be holding it after the miners are delivered? 2. If the value of 35 miners is higher than $100k, what is the point of this collateral? Sort of like taking $10 collateral on a thousand dollar loan  I'm getting tired, so this will be the last answer. The collateral is against faithful execution of the IPO promises to the prospect investors. It has nothing to do with the 35 miners I'm selling. Since three entities are involved (four with Havelock), we had to make sure it will be executed cleanly. It will. I'm repeating my statement that we don't endorse the IPO. If it will succeed, it will be executed - this is our promise backed up by the collateral. Since three parties are involved, and Havelock has stated that the funds will be released directly to you, how could the issuer *possibly* screw up this IPO? What is the point of *you* holding $100k in "collateral"? Finally, if you are explicitly not endorsing this IPO, a simple post stating your lack of involvement [above selling 35 miners] should have sufficed. You, OTOH, are implying this is more than a simple sale but a collaboration of three parties, with negative outcome potentially impacting your name. I too am getting tired of nonsensical and evasive answers. The collateral was taken from cowboyminer. |
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Please answer my questions as they are spelled out:
1. If I ordered 35 miners from you, paid for them in bitcoin, would you run a background check on me (due diligence) and require me to provide collateral in excess of $100k? If not, why?
2. What is the collateral you are holding? Is it Bitcoin, Euro, Dollars, or? The "over 9000" is not an answer.
1. No. Because you don't involve my name in an IPO 2. $ Thanks. Just two more questions: 1. Since you are holding this in dollars, what is the actual sum you are holding, and how long will you be holding it after the miners are delivered? 2. If the value of 35 miners is higher than $100k, what is the point of this collateral? Sort of like taking $10 collateral on a thousand dollar loan I'm getting tired, so this will be the last answer. The collateral is against faithful execution of the IPO promises to the prospect investors. It has nothing to do with the 35 miners I'm selling. Since three entities are involved (four with Havelock), we had to make sure it will be executed cleanly. It will. I'm repeating my statement that we don't endorse the IPO. If it will succeed, it will be executed - this is our promise backed up by the collateral. |
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Please answer my questions as they are spelled out:
1. If I ordered 35 miners from you, paid for them in bitcoin, would you run a background check on me (due diligence) and require me to provide collateral in excess of $100k? If not, why?
2. What is the collateral you are holding? Is it Bitcoin, Euro, Dollars, or? The "over 9000" is not an answer.
1. No. Because you don't involve my name in an IPO 2. $ |
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I know who cowboy is now ...
Those miners are hosted in Texas, the OP is in 1000's of miles away.
Man, you're way, way off. You'll never guess. |
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...
First round of CBMC IPO, assuming it will be successful, will be covered by SP10s hosted by us. That was our only agreement with CBCM.
...
Do you need more clarifications ?
Not the guy you're responding to, but could you explain why you needed "hefty collateral" in a deal where you don't seem to be risking anything? What is this "hefty collateral"? ...
We've due diligence all the parties involved, and I'm 100% confident.
Moreover, hefty collateral has been taken.
... Since our name is involved, we wanted to make sure both CBCM and cowboyminer will respect their obligations. They will. Even without the collateral, their handling and conduct was professional. You are effectively selling 10 miners. If I ordered ten miners from you and paid for them in bitcoin, would you also request "hefty collateral" from me on top of that? For the third time, what is this "hefty collateral"? For now, we're selling 35 miners, but the company name was involved. We might sell more in the future. Above $100K |
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Nope, but the fact we are having to get this information from you, the mining supplier does not sit well.
How hard would it have been for the OP to do some of this shit himself instead of forcing people to dig.
While I do not think you have anything to do with CBCM, I still do feel something is a miss with them, and the whole operation.
Its hard to get no clouded side stepping answers from the OP which is a bad sign. He made it sound like you guys had some super great backdoor deal that would make this IPO better then the others.
Even if it turns out not to be a scam it is a ass backwards investment, why does anyone need CBCM to do this? Why not just buy the miners direct from you and have you host them?
The fact of the matter is he is getting paid for a group buy, for the future with out 0 investment of his own or continued effort.
Bitcoiners pay
Someone else hosts
CBCM does.. exactly what? But they are getting paid.
CBCM certainly does a lot of work. You're underestimating their role. Buy anyway, you're welcome to buy miners from us and do your own IPO. |
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...
First round of CBMC IPO, assuming it will be successful, will be covered by SP10s hosted by us. That was our only agreement with CBCM.
...
Do you need more clarifications ?
Not the guy you're responding to, but could you explain why you needed "hefty collateral" in a deal where you don't seem to be risking anything? What is this "hefty collateral"? ...
We've due diligence all the parties involved, and I'm 100% confident.
Moreover, hefty collateral has been taken.
... Since our name is involved, we wanted to make sure both CBCM and cowboyminer will respect their obligations. They will. Even without the collateral, their handling and conduct was professional. |
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The fact is booth spoolies and CBCM are side stepping what the actual agreement is.
Is it just to hold the 35 units for them? Or is their some secretive back door deal going on?
Legit question by a legit user. Our only agreement with CBCM (Taras) is to hold 35 units for placement and hosting by us if the first round will be a success. I wish I had more SP10s to cover more rounds. All were sold out. Thanks for clarification spondoolies "We are a group of cryptomined enthusiasts who managed to start couple privately held mining projects located in different countries (personally I live in Czech Rep). All info about company's management will appear at our website soon. For the moment we are in business relations with Spondoolies-Tech (I am not authorized to disclose details of the agreement)." Tell me that is not misleading? All they had to say was we have units reserved and ready to be delivered. Why did I just get a email from a cowboyminer claiming he was hosting the units with pictures? I'm not sure what I need to explain here, but I'll try. First round of CBMC IPO, assuming it will be successful, will be covered by SP10s hosted by us. That was our only agreement with CBCM. In subsequent rounds, assuming they'll will be successful as well, will be covered by cowboyminer mining organization. They have more than enough hash-power, not based on SP10s Initially, when CBCM (Taras) approached us, we planned to cover all rounds with SP10s. They were sold too fast. If we'll have SP30 or SP50 in stock sometime in the future, we might sell additional units to CBCM. We're in business relations with cowboyminer and sold them SP30s for delivery in August. We might sell them more. We might sell them SP50 for delivery in 2015. Do you need more clarifications ? |
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The fact is booth spoolies and CBCM are side stepping what the actual agreement is.
Is it just to hold the 35 units for them? Or is their some secretive back door deal going on?
Legit question by a legit user. Our only agreement with CBCM (Taras) is to hold 35 units for placement and hosting by us if the first round will be a success. I wish I had more SP10s to cover more rounds. All were sold out. |
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So, who is 'Another User', who seems to be so heavily vested in this new information - of which he is the only source?
I don't care who he is but he makes valid points. Customers just got screwed by the big guy once again. Indeed I'm a big Guy, but we're not the big guys. This entire thread is ludicrous. But funny. https://bitcointalk.org/index.php?topic=647360.msg7253414#msg7253414 |
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Spondoolies is an equipment manufacturer who sells to thousands of individuals and businesses. It seems that 35 miners is a drop in the bucket to what they normally sell, and that's certainly not a push for funding...heck, it's only enough to fill a single full-sized server rack. Their appearance in this thread is confirmation that CBCM has a reserve set aside...which is not a direct endorsement of the offering.
Voice of reason at last. Spot on. This will be my last post here for a while. Back to work on PickAxe. |
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Edit: And for the last time, we don't endorse the IPO. We just make sure it run by honest people who will fulfill their obligations. We had to do that to protect our name.
All your posts here speak otherwise but you can't help yourself now, huh? You really NEED that funding, even after taking all those pre-orders. What will you do when the miners find out about this? Things don't go well when companies double dip, you should know that by what has happened on these forums. Like addicts and their fix, you'll come back here. It's not the last time, everyone can now see your true colors. So much hatred. It's sad. |
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A long extended (essentially interest-free) loan for Spondoolies.
As explained, our entire "share" of this IPO is 35 SP10s for round one. You don't say...  The fact that you continue to keep posting in this "IPO" thread by a newbie account, saying the deal is "legitimate" speaks that your stake in this is more than that. Do you really think that using the same method as Bitfury will fool lurkers again? Again: You have a proven product that is competitive with the best miners out there. Either offer a part of future sales or go talk with VCs, selling mining bonds isn't going to cut it here. But you're going to post again, saying 'your stake is nothing more than just the 35 SP10s.' Just remember that each time you post, you invalidate your argument even more and showing everyone here that this is nothing more than a sham for funding. I guess the pre-orders for the SP30 Yukons aren't cutting it. We're not the one initiating the cbcm IPO. Our part of it is only the 35 SP10s promised for round 1. Initially we thought we'll be able to cover more rounds. When the SP10 were sold out, we helped cbcm secured additional hosted hash-power from a trusted partner and customer we're working with. The collateral will make sure the placement after each successful round will happen. This is the sad truth: we sold the SP10s too fast to cover the IPO. Havelock Window for the IPO came too late. This whole IPO will have zero impact on our bottom line. We could have sold 1,000s more SP10s if we had them in stock. Regarding the SP30: We're selling the SP30 Yukons very fast as well. Regards, Guy Edit: And for the last time, we don't endorse the IPO. We just make sure it run by honest people who will fulfill their obligations. We had to do that to protect our name. |
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A long extended (essentially interest-free) loan for Spondoolies.
As explained, our entire "share" of this IPO is 35 SP10s for round one. Edit: We also helped them secured additional hosted hash power in case their subsequent rounds will be successful, from a trusted partner and customer we're working with. |
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...
We've due diligence all the parties involved, and I'm 100% confident.
Moreover, hefty collateral has been taken.
... My understanding is Havelock sends you the take from this IPO, so your risks are negligible to nonexistent. Why the "hefty collateral"? And what are you 100% confident in? The delivery of the units or the operation of the company? It's three ways deal between cbcm, the hosting facility and Spondoolies-Tech. All is Kosher. The miners will be placed and will mine per the promised hashed-rate after each successful round. Again - this is not an endorsement to participate in the IPO. |
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