[ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs

[MarkItZero]

I think my NDA is expired now. Right, Guy?

They will be shipped in two separate shipments. One by ocean, one by air. The ocean shipment will include the chassis, controller, and the PSUs. The air freight will include the hashboards and heatsinks. I believe that both will originate in Israel, but I don't have hard evidence on that.

Not having seen the NDA you signed I can't say for sure but it would appear as though you might have done exactly that.

In most NDAs you would be safe to repeat anything they have now publicly made available (like the specifications for the SP50) however I did not see anywhere that they mentioned the details of shipping which means you are probably publicly disclosing that information for the first time and perhaps very well in breach.

Hopefully this does not sour your relationship with them (or cause you to face legal consequences)!

[Finksy]

going by the lovely "help! my miner caught fire!!" threads or "Why doesn't my Miner work any more?!" threads every once and a while, guess what is going to disappear, especially when there is no one to make any more? just like Rockminer and their hardware, you think I could get my boxes replaced?

So you are basing your judgement of overall mining hardware reliability on your Rockminer and a handful of threads on an online forum? Very empirical.  Even if 1% of miners ever created were still online, CPU/GPU mining would be un-profitable.

all im hoping for, is the day there is no more coins to mine, only transaction fees..

You mean you are looking forward to mining 125 years from now? I look forward to being alive, and being able to have erections, though both of those are also very unlikely.

Derp!

That pretty much sums up your arguments...

Can we get back to discussing the SP50? 2 pages of random ass stuff...

Yes sir.  I'm sure Guy can now sleep peacefully knowing you are here to keep his thread on track   

[generalt]

The rubicon has been crossed.

RIP profitable hobbyist mining on 120V circuits.

I hear you there.  Sucks that the majority of the US is 120V.

This bad boy really does make the S7 look like a home miner.

[dmwardjr]

The rubicon has been crossed.

RIP profitable hobbyist mining on 120V circuits.

I hear you there.  Sucks that the majority of the US is 120V.

This bad boy really does make the S7 look like a home miner.

Really?  LOL

Do you not know what a two poll breaker is?  Each poll has 120V on them for a total of 240V.  All of our dryers, AC units and ovens require 240V.

[generalt]

So miners are called transaction verification servers now?

[generalt]

The rubicon has been crossed.

RIP profitable hobbyist mining on 120V circuits.

I hear you there.  Sucks that the majority of the US is 120V.

This bad boy really does make the S7 look like a home miner.

Really?  LOL

Do you not know what a two poll breaker is?  Each poll has 120V on them for a total of 240V.  All of our dryers, AC units and ovens require 240V.

I got a gas dryer

[dmwardjr]

So miners are called transaction verification servers now?

Sure...  I like the sound of that when doing my taxes writing off my hardware expenses.

[generalt]

So miners are called transaction verification servers now?

Sure...  I like the sound of that when doing my taxes writing off my hardware expenses.

LOL good luck with getting that past the IRS.

[dmwardjr]

I got a gas dryer

We have some gas dryers here in the US.  Especially, where electric rates are high.  However, most dryers in the US are electric.

[grn]

Can we get back to discussing the SP50? 2 pages of random ass stuff...

Hard to discuss what isn't yet in the wild

Seriously though, why is BTCS stock not leaping up on the news?

Because it is already overpriced

[dmwardjr]

So miners are called transaction verification servers now?

Sure...  I like the sound of that when doing my taxes writing off my hardware expenses.

LOL good luck with getting that past the IRS.

It's nothing to get "past" them.  It's only two sheets of paper I give my accountant for my business every year.  No details needed unless audited.  Even if I am audited, there is nothing to hide because EVERYTHING is documented and accounted for.  I give myself payroll and I also take some "draws" as well but never more than 50 percent.  My wife is an accountant.  I think you need to do your homework.  

What the hell do I have to get "past" the IRS?  The hardware (rigs) are depreciating assets.  They depreciate a certain amount each year.  If they are sold [As mine were] you simply subtract the depreciated value from what you sold them for.  Depending on the difference, you might end up on the "up" side.  If you end up making money from the sell AFTER depreciation, then money is made and corporate taxes are to be paid.  You don't even have to do it as a corporation as I have.  You can simply use your SSN.  I have an EIN for my S - Corporation.

[klondike_bar]

Can we get back to discussing the SP50? 2 pages of random ass stuff...

Hard to discuss what isn't yet in the wild

Seriously though, why is BTCS stock not leaping up on the news?

Because it'll take a lot to turn around multi M losses every quarter which is a risk. Think how many SP50s that takes to sell even with a nice margin. Overall though they've got a good chance with exclusive(ish) control of the SP50, with enough capital they can just mega farm their own btc at cents on the dollar.

My thoughts exactly. This puts them hot on the tails of bitfury and KNC (presumably those two taped out <0.06w/GH or are trying to) and the stock is effectively a share in a hardware manufacturer AND mining company. granted that the current evaluation may not be 'right', I still expected to see a >0.02c movement based on the news

[Biodom]

So miners are called transaction verification servers now?

except they are being paid literally peanuts for such services, as you know. Most of the income for BTCS is in sales of "mined" bitcoin.
That's why these large farms of you-know-who ever did diddly-squat for anything that is good in bitcoin.
They mine bitcoin, then they sell it like a real miner/commodity owner does.
It is a path that leads nowhere.

[notlist3d]

Can we get back to discussing the SP50? 2 pages of random ass stuff...

Hard to discuss what isn't yet in the wild

Seriously though, why is BTCS stock not leaping up on the news?

Because it'll take a lot to turn around multi M losses every quarter which is a risk. Think how many SP50s that takes to sell even with a nice margin. Overall though they've got a good chance with exclusive(ish) control of the SP50, with enough capital they can just mega farm their own btc at cents on the dollar.

My thoughts exactly. This puts them hot on the tails of bitfury and KNC (presumably those two taped out <0.06w/GH or are trying to) and the stock is effectively a share in a hardware manufacturer AND mining company. granted that the current evaluation may not be 'right', I still expected to see a >0.02c movement based on the news

It's kinda all speculation I don't know if we can trust presumed tape out.   So far bitmain and SP both kept 28 NM.  Seems that is put them at an advantage.

I am interested to see the other companies with lower NM.  But if SP can get these monsters out soon I can see profit for them specifically internally mining with them.

[Meech]

Bulk sales?  Well of course... they are pretty bulky.
I've already ran extension cords from all my neighbors yards preparing for arrival. (just kidding)
I believe this and other soon to be released miners are going to create a drop in Btc price at Christmas time.
But good job thinking big but a beast like this needs to be posted on Ebay or some Fortune 500 site.

[Rabinovitch]

Hmmm... What is it?..

http://bitcoinminershop.be/product/sp50-yukon-bitcoin-miner/

[alienesb]

Hmmm... What is it?..

http://bitcoinminershop.be/product/sp50-yukon-bitcoin-miner/

Interesting, real?

[quakefiend420]

Hmmm... What is it?..

http://bitcoinminershop.be/product/sp50-yukon-bitcoin-miner/

That's no more efficient than their last gen gear, assuming it's even real.  Guessing it's not.

[majestymage]

Hmmm... What is it?..

http://bitcoinminershop.be/product/sp50-yukon-bitcoin-miner/

Interesting, real?

the price reduced badly ? but still is too damn high with very low electric specs...my bet...scam

[TheRealSteve]

All this of course assumes an intelligent designer.

I would never make such an assumption.  I'd be reasonably comfortable with some BGAs ( e.g. https://bitcointalk.org/index.php?topic=565418.msg6240896#msg6240896 ) that don't adhere to a more logical design, but if they can be avoided at all, that has most designers' preference.
Unfortunately you haven't launched your TO-220-5/7 chip yet

So miners are called transaction verification servers now?

At least since May; https://bitcointalk.org/index.php?topic=521520.msg11412144#msg11412144
BTCS/SP aren't the only ones doing this either.  The terminology change makes sense in the long run on a technical level, and on a marketing level in the short run.