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Author Topic: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs  (Read 1256123 times)
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August 22, 2014, 08:54:26 PM
 #6121

BitFury doesn't open a new 20MW DC every month.
Both BitFury and Bitmaintech are at extremely low margins with their current tech.

Correct, they don't build one every month. They build one every two months.

What makes you say that? They've only built one 20MW DC afaik.
There seems to have been a pattern of datacenter deployment, the previous one was in georgia (I believe) and the last one in Iceland.

Estimations suggest Bitfury will approach an internal cost similar to just buying miners very soon, unless they get going on a higher fab node quickly.
(and by that I mean receive chips, but apparently that won´t be the case)

This might lead to a slow-down of bitfury hardware being deployed.

it looks like bitfury wants to run the rest of the miners out of business.

Sometimes I think to just buy a bit more of BTC and maybe a little alts and disconnect until ~2020-2024 when the vast majority of BTC would be mined already. From that point on only the network expansion (tx volume) and cost of transactions would matter (for BTC price), but without reward in reasonably sized blocks, only residual mining activity would remain. I am pretty sure that even todays computational power of the network is enough to validate transactions 10 years from now. Of course, there is a limit of tx/sec, but it has nothing to do with how much miners can process already.
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August 22, 2014, 08:58:35 PM
 #6122

You will be getting and installing at least 30 of your own miners next week plus from others here. How long do you think for this frantic gb activity to settle down?

It's 37 of our own SP30s, plus an undisclosed number from other customers. I can (and have repeatedly) set up an SP30 in under 20 minutes. I usually work about 12 hours a day. I have two minions, each of whom works 8 to 10 hours a day. That's about 30 human-hours per day. On a good day, we could probably set up 90 SP30s, if none had unusual issues, and if we had all the network cables made in advance.

It will probably end up being a bad day when the GB arrives (because Murphy), but also a long day. I expect to get most of them online within 24 hours. The few that have problems might take 72 hours to get online.

Hosting bitcoin miners for $65 to $80/kW/month on clean, cheap hydro power.
http://Toom.im
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August 22, 2014, 09:11:24 PM
Last edit: August 22, 2014, 09:21:50 PM by xstr8guy
 #6123

3 days in Amsterdam, most of it on weekend, and the coffeeshop near my airBnB had Internet Smiley
That is not a vacation.
Amsterdam?
Didnt have you in Israel also Cannabis?
But also for medical reasons ;-)

No more marihuana tourism in Amsterdam, my friend. They implemented a law back in 2010, if I recall correctly, prohibiting citizens of other countries buying marihuana in Holland.

So, no. I guess Zvi went to the red light district instead  Grin Grin Grin

You are misinformed. Cannabis tourism is still tolerated in Amsterdam coffee shops. Although technically illegal in the Netherlands, there is no punishment for the crime therefore the city of Amsterdam (and some other cities) does not enforce the laws.
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August 22, 2014, 09:20:17 PM
 #6124

BitFury doesn't open a new 20MW DC every month.
Both BitFury and Bitmaintech are at extremely low margins with their current tech.

Correct, they don't build one every month. They build one every two months.

What makes you say that? They've only built one 20MW DC afaik.
There seems to have been a pattern of datacenter deployment, the previous one was in georgia (I believe) and the last one in Iceland.

What pattern you are talking about? Do you know the size of the Iceland DC? Or the size of their previous DCs?

There are currently 3 Bitfury DCs, Finland, Iceland and Georgia according to this article...

http://www.datacenterknowledge.com/archives/2014/08/01/bitfury-asic-maker-builds-20mw-bitcoin-mining-data-center/

And try here for more info...

http://lmgtfy.com/?q=Bitfury+data+centers#

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August 22, 2014, 09:33:50 PM
 #6125

BitFury doesn't open a new 20MW DC every month.
Both BitFury and Bitmaintech are at extremely low margins with their current tech.

Correct, they don't build one every month. They build one every two months.

What makes you say that? They've only built one 20MW DC afaik.
There seems to have been a pattern of datacenter deployment, the previous one was in georgia (I believe) and the last one in Iceland.

What pattern you are talking about? Do you know the size of the Iceland DC? Or the size of their previous DCs?

There are currently 3 Bitfury DCs, Finland, Iceland and Georgia according to this article...

http://www.datacenterknowledge.com/archives/2014/08/01/bitfury-asic-maker-builds-20mw-bitcoin-mining-data-center/

And try here for more info...

http://lmgtfy.com/?q=Bitfury+data+centers#

Please take a second to re-read what I said. The article doesn't say they have 3 datacenters, it says they have datacenters in 3 countries. You cant possibly think that each datacenter is 20MW. That would add at least 60-80PH to the network.
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August 22, 2014, 10:08:31 PM
 #6126

BitFury doesn't open a new 20MW DC every month.
Both BitFury and Bitmaintech are at extremely low margins with their current tech.

Correct, they don't build one every month. They build one every two months.

What makes you say that? They've only built one 20MW DC afaik.
There seems to have been a pattern of datacenter deployment, the previous one was in georgia (I believe) and the last one in Iceland.

What pattern you are talking about? Do you know the size of the Iceland DC? Or the size of their previous DCs?

There are currently 3 Bitfury DCs, Finland, Iceland and Georgia according to this article...

http://www.datacenterknowledge.com/archives/2014/08/01/bitfury-asic-maker-builds-20mw-bitcoin-mining-data-center/

And try here for more info...

http://lmgtfy.com/?q=Bitfury+data+centers#

Please take a second to re-read what I said. The article doesn't say they have 3 datacenters, it says they have datacenters in 3 countries. You cant possibly think that each datacenter is 20MW. That would add at least 60-80PH to the network.

You are correct. The press release does state that they have DCs in 3 countries, not just 3 DCs.

Although I wouldn't find it surprising if Bitfury did indeed have 60-80PHs. They've been self-mining for a very long time and they claim that 40% of the network are Bitfury chips although do not claim the 40% as their own hash.

I also suspect that they have their fingers in a lot of other pies. MegaBigPower also runs some large DCs with BF chips. And we can't forget CEX/GHash also run BF hardware. I wouldn't be surprised if the Bitfury Group owned a piece of those operations too.
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August 22, 2014, 10:11:40 PM
 #6127

BitFury doesn't open a new 20MW DC every month.
Both BitFury and Bitmaintech are at extremely low margins with their current tech.

Correct, they don't build one every month. They build one every two months.

What makes you say that? They've only built one 20MW DC afaik.
There seems to have been a pattern of datacenter deployment, the previous one was in georgia (I believe) and the last one in Iceland.

What pattern you are talking about? Do you know the size of the Iceland DC? Or the size of their previous DCs?


There are currently 3 Bitfury DCs, Finland, Iceland and Georgia according to this article...

http://www.datacenterknowledge.com/archives/2014/08/01/bitfury-asic-maker-builds-20mw-bitcoin-mining-data-center/

And try here for more info...

http://lmgtfy.com/?q=Bitfury+data+centers#




There have been at least about 50 PH deployed within last 4 weeks so it looks like Bitfury have opened 2 massive DCs unless Bitmain have opened some too
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August 22, 2014, 10:13:53 PM
 #6128

Do you have any idea how low Bitfury's margins are?
The 3500BF (http://bitfury.org/products) cost is about 0.65 $/GHs
They stopped selling when the $/GHs went below 1 $/GHs
Their plan is to replace the hashing boards with more advanced custom 40nm when it will be ready. It's delayed.

New Mimblewimble implementation: https://www.beam.mw
Spondoolies is back with the SPx36: https://www.spondoolies-tech.com/products/spx36
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August 22, 2014, 10:16:20 PM
 #6129

... MegaBigPower also runs some large DCs with BF chips ...
Rev1 only

New Mimblewimble implementation: https://www.beam.mw
Spondoolies is back with the SPx36: https://www.spondoolies-tech.com/products/spx36
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August 22, 2014, 10:16:35 PM
 #6130

Oh shit!  Another full week come and gone - no new miners shipped.  WTF?  Spondoolies is now just like KnC.  

Vague answers, no information, no shipments, constant excuses, blame on upstream providers.  I now seriously doubt they will ever get to the bottom of their SP30 deal.  As they are very thinly financed with a HUGE liability dragging them down, I'd say they are on the fast road to bankruptcy.  The others at least floated their mistakes with the coins they were mining.  But since SPTech doesn't even do that, they've got nothing remaining in their accounts.  That and they owe: 'compensation'.  I just don't see this company pulling it off.  They will soon announce the doors closing and you will be surprised that you read about it first from the one and only famed RawDog!!  

What up Fucktards!

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August 22, 2014, 10:23:00 PM
 #6131

... There have been at least about 50 PH deployed within last 4 weeks ...
Mostly BitFury and Innosilicon.
Regarding the later, from the amount of ASICs requests we're getting from China, it seems that CoinCraft A1 is towards the end of it's life.

New Mimblewimble implementation: https://www.beam.mw
Spondoolies is back with the SPx36: https://www.spondoolies-tech.com/products/spx36
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August 22, 2014, 10:26:17 PM
 #6132

... There have been at least about 50 PH deployed within last 4 weeks ...
Mostly BitFury and Innosilicon.
Regarding the later, from the amount of ASICs requests we're getting from China, it seems that CoinCraft A1 is towards the end of it's life.
Is there a specific email you use for technical requests? I sent a general email awhile ago about getting information on doing a RockerBox design, but I have yet to hear anything back.
Thanks.
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August 22, 2014, 10:30:14 PM
 #6133

... MegaBigPower also runs some large DCs with BF chips ...
Rev1 only

MBP currently has 10P worth of gen1 and claim that their next gen (0.5w/gh at the wall) is almost complete.

I don't see bitfury building many more datacenters. They can easily double their hashrate when their next gen is ready.

Quote
Mostly BitFury and Innosilicon.
Regarding the later, from the amount of ASICs requests we're getting from China, it seems that CoinCraft A1 is towards the end of it's life.

Is this your guess or do you have a source? I don't know why anyone would buy/produce a1 miners when the chips are twice as expensive as BE200.
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August 22, 2014, 10:33:04 PM
 #6134

... There have been at least about 50 PH deployed within last 4 weeks ...
Mostly BitFury and Innosilicon.
Regarding the later, from the amount of ASICs requests we're getting from China, it seems that CoinCraft A1 is towards the end of it's life.
Is there a specific email you use for technical requests? I sent a general email awhile ago about getting information on doing a RockerBox design, but I have yet to hear anything back.
Thanks.
If you don't get a reply from info@, support@ or sales@ within 48 hours, please email again. We're overwhelmed with requests.
Regarding RockerBox, take into account that TSMC lead time is over 3 months and beside small number of samples, we don't have stock.

New Mimblewimble implementation: https://www.beam.mw
Spondoolies is back with the SPx36: https://www.spondoolies-tech.com/products/spx36
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August 22, 2014, 10:42:07 PM
 #6135

MBP currently has 10P worth of gen1 and claim that their next gen (0.5w/gh at the wall) is almost complete.
Under NDA

I don't know why anyone would buy/produce a1 miners when the chips are twice as expensive as BE200.
AM wasn't able to sell their inferior gen3 in China, this is why they reverted to self-mining and selling miners again.
We're getting 2 requests each day from system integrators that currently using A1. Take a look at Discuss Fish growth

New Mimblewimble implementation: https://www.beam.mw
Spondoolies is back with the SPx36: https://www.spondoolies-tech.com/products/spx36
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August 22, 2014, 10:52:58 PM
 #6136

I don't know why anyone would buy/produce a1 miners when the chips are twice as expensive as BE200.
AM wasn't able to sell their inferior gen3 in China, this is why they reverted to self-mining and selling miners again.
We're getting 2 requests each day from system integrators that currently using A1. Take a look at Discuss Fish growth

Doesn't answer my question at all. Why is BE200 "inferior" despite being half the cost and equally efficient?

And what do you mean they weren't able to sell in china? How much PH do you think AM sold?
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August 22, 2014, 10:56:44 PM
 #6137

Hi Spondoolies,

As you know I have purchased 20 x SP30 devices with hosting expecting 6TH each for a total of 120TH while incurring on going hosting expenses for 20 devices ($24,000 every 3 months). So what this means my initial calculation is that I will make about USD 135,000 - hosting for 3 months for 20 devices ($24,000) = $111,000 return in 3 months.

Now because of your mistake I have to get 25 x SP30 with hosting each at the lower 4.5TH for a total of 112.50TH. And this calculation comes to USD 126,000 - hosting for 25 devices for 3 months ($30,000) = $96,000 in 3 months.

So basically you have compensated for the $/GH value and that's good thanks, but what about the extra $30,000 - $24,000 = $6,000 that I lost in hosting expenses and am going to continue losing every 3 months?

If you really wanted to deliver on your promise and keep your customers happy you would also adjust the cost of hosting for those customers that were affected because it's not our fault that you didn't do your job and delivered what you promised and we shouldn't have to incur that added hosting cost of which we always have to pay more from the time it starts until the time the machines go to the bins. That's an added expense of $6000 every 3 months for me!

We are not asking for something for free here, some of us have invested everything we have into this and that's a BIG risk and we TRUSTED you and your company only to be BETRAYED the way we did.

I suggest you re-evaluate your hosting costs for us customers that were affected and reduce the cost accordingly.

I intend to have you as my sole providers and my mining machines will keep growing with you, but if I see that I'm getting screwed like this then I can't accept that, this is simply unacceptable.

Also I suggest you maintain a public record of what order you have shipped/delivered so far on your Website so that we who are waiting can at least have an idea on how long we have to wait, because when we ask you you don't have an ETA and sometimes we don't even get a response to our emails. If you do this then the amount of emails that will be sent to you will reduce by a lot so it's a good idea to implement this.

Let us know what you are going to do about the hosting expense that we incurred because of your short coming as mentioned above.

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August 22, 2014, 11:05:02 PM
 #6138

We are not asking for something for free here, some of us have invested everything we have into this and that's a BIG risk and we TRUSTED you and your company only to be BETRAYED the way we did.

Also I suggest you maintain a public record of what order you have shipped/delivered so far on your Website so that we who are waiting can at least have an idea on how long we have to wait, because when we ask you you don't have an ETA and sometimes we don't even get a response to our emails. If you do this then the amount of emails that will be sent to you will reduce by a lot so it's a good idea to implement this.

Amen brother.  
At first, no one trusted them.  Then, they laid on the very heavy assurances: "Seriously, we know what we are doing", "we will deliver", et cetera.  So then, everyone trusted them and sent a shitload of money.  They said they weren't like the other guys.

Now, they fail to deliver.  Deliver a very inferior version which costs more to operate.  Don't tell anyone about the compensation details.  Don't answer emails.  Don't inform as to the state of manufacturing progress.  Lies, silence, and bullshit.  

They are now just like KnC.  

Why the fuck should they care?  They already got your $$$.  "We are not like the other guys" is just bullcrap to win your trust.  They are exactly like the other guys.  

They said they'd be sending out massive amounts of GroupBuy at the end of this week.  Nothing.  

Has anyone heard an apology for us having to listen to their supreme confidence while having to suffer the financial loss of a low performance machine?  Nope. 

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August 22, 2014, 11:11:08 PM
 #6139

Spondoolies: a question...
Is there a hardware ID or other identifier (other than a order number) that would identify a machine.
Is this information being transmitted to the owner upon order fulfillment?
The reason-in a hosting environment, with many machines coming and going, mistakes could be made.
How can we ensure that a particular miner is mine and not someone else's?
I know that this is not your problem, but S3 all look the same and if there was such an ID, I don't know where to look (in case of S3)
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August 22, 2014, 11:16:23 PM
 #6140

Spondoolies: a question...
Is there a hardware ID or other identifier (other than a order number) that would identify a machine.
Is this information being transmitted to the owner upon order fulfillment?
The reason-in a hosting environment, with many machines coming and going, mistakes could be made.
How can we ensure that a particular miner is mine and not someone else's?
I know that this is not your problem, but S3 all look the same and if there was such an ID, I don't know where to look (in case of S3)
Yeah right.  When Toomin gets a broken machine, you can bet it will never be one of 'his'.  Rather, only the customer machines will be those poorly performing and subject to malfunctions.  The joy of being the host I guess.  lol.  Suckers.

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