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Author Topic: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs  (Read 1256242 times)
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s1gs3gv
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August 27, 2014, 03:17:04 PM
 #6521

My 1 year track record is that I have cashed out around 60% of my initial investment, I have reinvested into new equipment ~150% of my initial investment and I own bitcoins worth of 90% of my initial investment. With big exchange rate swings ofc.

huh ?

So by way of example if your initial investment was $1000, you cashed out $600, you reinvested $1500 (600 + 900 more) and you own bitcoins (which I presume you mined with these investments) worth $900. So at this point, you have $1900 invested and coins worth $900.

So you are still $1000 in the hole on this 'investment'. I guess your plan is to rinse and repeat this remarkable strategy.

If this is incorrectly, please update it appropriately.
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August 27, 2014, 03:19:45 PM
 #6522

Glad to get tracking... My SP30s on the way to Norway just as the temps start cooling off.

Thanks SPTech for getting them out the door.

Hope to be mining in a few days.

Also shout out to RoadStress thanks for putting the GB together and getting us those discounted rates!

Very smoothly handled GB and the charity was definitely a PLUS to the whole experience.

Dogie trust abuse, spam, bullying, conspiracy posts & insults to forum members. Ask the mods or admins to move Dogie's spam or off topic stalking posts to the link above.
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August 27, 2014, 03:21:58 PM
 #6523

back to the compensation - crumbs in 'october' or crumbs 'off' an 'october' rig of unknown abilities....
THAT is the question!

Crummy situation Edgar.
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August 27, 2014, 03:24:01 PM
 #6524

We're screwed BIG time buddy, I bought 29 x SP30s and I don't think I will be able to get an ROI unless a miracle happen and the difficulty stops going up so fast (which is not possible) or if the BTC to USD rate goes up (Which no one can tell).

IF I get my money back that's it no more mining, it's over.

After reading all your posts and seeing how bad are you at mining I wanted to offer you mining consultancy services. For that I would've needed a free hand regarding acquisitions and reinvestment and seeing how impatient you are I am sure that I wouldn't have been able to handle the constant pressure and whining from you.

*My 1 year track record is that I have cashed out around 60% of my initial investment, I have reinvested into new equipment ~150% of my initial investment and I own bitcoins worth of 90% of my initial investment. With big exchange rate swings ofc.
Why does SPTech use you as a mouth piece? You are so unprofessional and biased it's not even funny. This guy has a right to be upset, 29 SP30's is a lot of gear. SP Tech missed there hash and power targets, he has every right to be upset. Do you have any conscience at all?

SPTech doesn't use me as a mouth piece. They never did. It's my pure and personal opinion and it's clear that you don't see the whole picture. Let me help you. but please pay attention:

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)...

20 miners, 120TH/s, $48,000 per 6 months.

We have chosen to host 29 x SP30s with Toom.im (September Batch 1). Please reserve the spots for us...

29 miners, 130.5Th/s, $45,000 per 6 months (current price at this time at Toom.im)

We're screwed BIG time buddy, I bought 29 x SP30s and I don't think I will be able to get an ROI unless a miracle happen and the difficulty stops going up so fast...

So he got 10Th/s extra than what he ordered and cheaper hosting than he planned and he is still screwed. For a guy who invested more than $100k wissam lacks a pair of balls and is a big cry baby from my point of view.

H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
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August 27, 2014, 03:29:03 PM
Last edit: August 27, 2014, 03:40:25 PM by faraway
 #6525

Glad to get tracking... My SP30s on the way to Norway just as the temps start cooling off.

Thanks SPTech for getting them out the door.

Hope to be mining in a few days.

Also shout out to RoadStress thanks for putting the GB together and getting us those discounted rates!

Very smoothly handled GB and the charity was definitely a PLUS to the whole experience.


I had hardware in Europe. But now, I've changed my strategy; In my country, the electricity cost increases quickly every year, the gap between here and the USA is so large... Fifteen years ago the story was different.
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August 27, 2014, 03:41:14 PM
 #6526

Glad to get tracking... My SP30s on the way to Norway just as the temps start cooling off.

Thanks SPTech for getting them out the door.

Hope to be mining in a few days.

Also shout out to RoadStress thanks for putting the GB together and getting us those discounted rates!

Very smoothly handled GB and the charity was definitely a PLUS to the whole experience.


I had hardware in Europe. But now, I've changed my strategy; In my country, the electricity cost increases quickly every year, the gap between here and the USA is so large... Fifteen years ago the story was different.

Got some 'free' electricity / hosting for a few months... works out well for me.

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August 27, 2014, 03:41:44 PM
 #6527

*My 1 year track record is that I have cashed out around 60% of my initial investment, I have reinvested into new equipment ~150% of my initial investment and I own bitcoins worth of 90% of my initial investment. With big exchange rate swings ofc.[/size]

Bitcoinrama you always impress me with your post.  You are the biggest broke dick nut swinger I have ever seen.  You know nothing about mining and it's more and more noticeable in every post and you obviously don't understand that your little bs 3 SP30's you've been circle jerking everyone you can to get in on is just going to put more more in the hole lol!

In 1 year you are still in the red?  Hahahaha sucks for you!  I did it 5 months and made about 20-30k when I sold my hardware and I did this while we had stupid huge jumps and price fluctuations everywhere.

I wouldn't trash on you so much if you weren't such an ignorant prick about this stuff.  So have fun with your little operation.  I am glad I'm down and didn't do any stupid Pre orders I am happy without doing them.  Cashing out got me a 22k Mile Turbo 93 Cobra, most of the stuff for our x275 car and the latest a motor for my 02 Porsche turbo.  So life is good on the money I made not listening to fuck tards like you lol!

Guy and team hats off for busting ass!  Continue that development and maybe ban Roadstress from whatever deal you have with him.  I told you awhile back if you could have done the 200-300k datacenter but done it on on time (without pre orders) I have way more than enough to do so.  My only request was going to be to remove this half whit.

/rant
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August 27, 2014, 03:45:22 PM
 #6528

For people that are slow, let me sum it up for you:

Bitcoin is in it's infancy and is a very risky and volatile asset. Bitcoin may not even survive past infancy.

Bitcoin mining carries even more risk than simply buying Bitcoins directly because you may or may not earn as many Bitcoins as it costs to mine them after expenses.

Pre-ordering Bitcoin mining hardware that doesn't even exist at the time of payment adds even more risk to Bitcoin mining because the company may or may not deliver on time and on spec.

Pre-ordering Bitcoin mining hardware is one of the most risky Bitcoin related investments one can make, and those that imply otherwise are delusional. Almost all mining pre-order purchases work out badly of the buyer.

Spondoolies actually is handling the SP30 situation much better than most other manufacturers. I can come up with many examples of mining companies not delivering on pre-order promises and not giving customers anything in return.

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August 27, 2014, 03:50:20 PM
 #6529

For people that are slow, let me sum it up for you:

Bitcoin is in it's infancy and is a very risky and volatile asset. Bitcoin may not even survive past infancy.

Bitcoin mining carries even more risk than simply buying Bitcoins directly because you may or may not earn as many Bitcoins as it costs to mine them after expenses.

Pre-ordering Bitcoin mining hardware that doesn't even exist at the time of payment adds even more risk to Bitcoin mining because the company may or may not deliver on time and on spec.

Pre-ordering Bitcoin mining hardware is one of the most risky Bitcoin related investments one can make, and those that imply otherwise are delusional. Almost all mining pre-order purchases work out badly of the buyer.

Spondoolies actually is handling the SP30 situation much better than most other manufacturers. I can come up with many examples of mining companies not delivering on pre-order promises and not giving customers anything in return.



+1

spondoolies did an impressive job and anybody here with mining experience know that.
sure i am also not satisfied how the situation worked out with sp30 or last day of august for shipping group. but they handle it very well.

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August 27, 2014, 04:21:08 PM
 #6530

When you buy a car, they advertise the MPG, that it won't rust for 20 years and of course, the price. How many guys did you see complaining that they bought a Mustang and they can't drive with a speed of 10 miles per hour and obtain the advertised MPG rate? How many of those guys did you see whining to FORD about compensation in price, because their product does not meet the specifications? How many guys are complaining that their car does not reach the 180MPH printed on the dashboard?  They bought the Mustang, and they're free to return it or resell it.

Why would be the mining business different? Or any business for that matter? Everything changes when you reach understanding ..

What a stupid analogy. When a car manufacturer advertises 20 MPG, you can reach it by driving appropriately, and in fact you can exceed it quite easily. See http://en.wikipedia.org/wiki/Energy-efficient_driving for examples.

Now, show me how you get an SP30 to run at 5.5 TH/s while drawing 2700 watts?

Buy & Hold
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August 27, 2014, 04:25:08 PM
 #6531

Pre order companies are like Hitler (not the genocide portion) but you pre order folks are biggest wimps and just roll over like plenty of countries did in WWII

And before Rawdog tries to jump in here all racist aka "him joking" or anyone else who thinks this is a way to trash other countries please step back in your double wides and stfu.  Put your tin foil hats on and worry about how the govt is ruining everything lol!
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August 27, 2014, 04:59:14 PM
 #6532

When you buy a car, they advertise the MPG, that it won't rust for 20 years and of course, the price. How many guys did you see complaining that they bought a Mustang and they can't drive with a speed of 10 miles per hour and obtain the advertised MPG rate? How many of those guys did you see whining to FORD about compensation in price, because their product does not meet the specifications? How many guys are complaining that their car does not reach the 180MPH printed on the dashboard?  They bought the Mustang, and they're free to return it or resell it.

Why would be the mining business different? Or any business for that matter? Everything changes when you reach understanding ..

What a stupid analogy. When a car manufacturer advertises 20 MPG, you can reach it by driving appropriately, and in fact you can exceed it quite easily. See http://en.wikipedia.org/wiki/Energy-efficient_driving for examples.

Now, show me how you get an SP30 to run at 5.5 TH/s while drawing 2700 watts?

I agree that it was a bad analogy. Miner (especially hosted miner) has no other utility than making BTC while car has a utility of getting you from point A to point B.
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August 27, 2014, 05:19:29 PM
 #6533

Thank you Spondoolies for a adequate compensation.
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August 27, 2014, 05:33:08 PM
 #6534

*My 1 year track record is that I have cashed out around 60% of my initial investment, I have reinvested into new equipment ~150% of my initial investment and I own bitcoins worth of 90% of my initial investment. With big exchange rate swings ofc.[/size]

Bitcoinrama you always impress me with your post.  You are the biggest broke dick nut swinger I have ever seen.  You know nothing about mining and it's more and more noticeable in every post and you obviously don't understand that your little bs 3 SP30's you've been circle jerking everyone you can to get in on is just going to put more more in the hole lol!

In 1 year you are still in the red?  Hahahaha sucks for you!  I did it 5 months and made about 20-30k when I sold my hardware and I did this while we had stupid huge jumps and price fluctuations everywhere.

I wouldn't trash on you so much if you weren't such an ignorant prick about this stuff.  So have fun with your little operation.  I am glad I'm down and didn't do any stupid Pre orders I am happy without doing them.  Cashing out got me a 22k Mile Turbo 93 Cobra, most of the stuff for our x275 car and the latest a motor for my 02 Porsche turbo.  So life is good on the money I made not listening to fuck tards like you lol!

Guy and team hats off for busting ass!  Continue that development and maybe ban Roadstress from whatever deal you have with him.  I told you awhile back if you could have done the 200-300k datacenter but done it on on time (without pre orders) I have way more than enough to do so.  My only request was going to be to remove this half whit.

/rant


NO F'KING WAY?!?!

If this is true, it explains a whole lot!!




It's not! They are 2 different people. I know this having spoken to both previously.

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August 27, 2014, 06:04:06 PM
 #6535

the hangers-on do alright cos they get fat discounts & early hardware in exchange for time spent pew pew-ing the more vigilant among us.

I paid full price for the early bird April-July bundle.

*My 1 year track record is that I have cashed out around 60% of my initial investment, I have reinvested into new equipment ~150% of my initial investment and I own bitcoins worth of 90% of my initial investment. With big exchange rate swings ofc.[/size]

Bitcoinrama you always impress me with your post.  You are the biggest broke dick nut swinger I have ever seen.  You know nothing about mining and it's more and more noticeable in every post and you obviously don't understand that your little bs 3 SP30's you've been circle jerking everyone you can to get in on is just going to put more more in the hole lol!

In 1 year you are still in the red?  Hahahaha sucks for you!  I did it 5 months and made about 20-30k when I sold my hardware and I did this while we had stupid huge jumps and price fluctuations everywhere.

I wouldn't trash on you so much if you weren't such an ignorant prick about this stuff.  So have fun with your little operation.  I am glad I'm down and didn't do any stupid Pre orders I am happy without doing them.  Cashing out got me a 22k Mile Turbo 93 Cobra, most of the stuff for our x275 car and the latest a motor for my 02 Porsche turbo.  So life is good on the money I made not listening to fuck tards like you lol!
/rant

You and me have different goals in mind. I am in for the long term while you are satisfied with a small jackpot. The reinvestment allowed me to hash today 21x faster than 1 year ago and to earn ~1/3 of my initial investment this month. From what you are saying you have stopped hashing and you have moved along. I'm not interested in that.

H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
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August 27, 2014, 06:30:50 PM
 #6536

Can we keep the forum professional and avoid names calling ?

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 27, 2014, 06:40:40 PM
 #6537

Thank you Spondoolies for a adequate compensation.

They didn't compensate me for anything!  Damn.  I spent a lot of time in this thread.  I want compensation.

Can we keep the forum professional and avoid names calling ?
Where's the fun in that?

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What's going on - Slavetards?!!!
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August 27, 2014, 06:45:48 PM
 #6538

Can we keep the forum professional and avoid names calling ?

some people should entertain happy thoughts:

when Sp-30 is working at the hosting site and nobody is there to check it, does it make a sound?

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August 27, 2014, 06:46:22 PM
 #6539

 Smiley

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 27, 2014, 06:51:58 PM
 #6540

Can we keep the forum professional and avoid names calling ?

some people should entertain happy thoughts:

when Sp-30 is working at the hosting site and nobody is there to check it, does it make a sound?



Happy thoughts - I ordered my SP31... Now it is just a waiting game...  Will I get it on time?  Most likely Smiley
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