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Author Topic: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs  (Read 1256900 times)
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April 12, 2014, 04:21:54 PM
 #841

... what was shown was the solid confidence that these rigs will ship on spec and on time. nothing less and nothing more ...
True, that was the intention.

Not to pour water on your fire (as I think you folks are legit) but a brief cost-benefit analysis would easily show that the potential loss of 25 btc in the bet is far over weighed by the value in sales between now and the time you ship that result from maintaining the appearance of confidence.

Therefore, if that was your intention it was an ineffective way of demonstrating it …

Light-speed to everybody trying to ship next-gen ASICS. We'll need all the luck we can get to ROI them.


BTW, what is your refund policy if you don't ship on time ?

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April 12, 2014, 04:24:59 PM
 #842


The product speaks for itself. So does their communication.

You can always elevate the level of conversation. Don't feed the trolls.

quite true. i'm itching to get my hands on something from spondoolies, unfortunately, as always I'm missing the boat at every turn. my old uncle has left some rare stamps in his will so it may be a possibility that I can join the queue at sometime in the near future. I just had this hunch from the very start that these guys will be around for a very long time, with more and more to offer to feed my mining obsession. As a business owner myself (albeit in a dying industry), I take my hat off to anyone who ventures into something for the long term. After 16 years doing what I do, it's coming to an end and I can at least say, i did my best.

That picture of a massive farm should send shivers down everyone's spine. Does it mean the end of diversity and spreading the network to a wider base? It might if people who care about bitcoin and cryptocurrency continue acting on their own. There is value in working within groups and collectives to help secure the network away from those LARGER farms. Spondoolies is making a promise to those who want to disrupt that ecosystem that they will be there with chips and miners. I am hoping that it is true and people do join together and secure the network differently. Spondoolies is just one company here is hoping others take up that same challenge and offer chips and miners to a growing group of collectives that are keen on making it impossible to have monopolies on mining in any form.

Any effort in method which breaks up the hashpower in any way possible is always welcome; where it is obviously now impossible to have the entire world mine solo at home, there is the option of smaller farm-type share-holdings, which would in the very least bring a spread of the earnings, if not the hashpower. It's going to take something special to get it together, and a team of special people to make it the 'new norm' in bitcoin mining. I don't mind that I am getting so close to being unable to make anything in the way of a profit, by mining at home now - as I said, it's a hobby, nothing more. Hence the reason I made a floor on the price I would be willing to sell BTC at, and currently, am ploughing it all back into cloud mining and not cashing out; which is a big risk, but at the very least, I can try to keep head-to head with current difficulty trends and create my little 1BTC each month. I retort to my thought, we have only had one block halving, and there is still a long way to go. At least, it still feels like i'm an early adopter, I still have a glaze in my eyes about it all and I feel young enough (in mining terms) to make the mature decision to carry on, not throw my toys out of the pram and stick in with it. Uncle Ivor always said; 'stick in with anything you do and it will come good in the end'. Upon this, i'm still a firm believer.

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April 12, 2014, 04:40:07 PM
 #843

I don't think the 'KnC route' is a viable long term business model - more a 'get rich quick' scheme.


If mining isn't economically viable long term at the scale shown here, bitcoin is dead.
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April 12, 2014, 04:49:56 PM
 #844

I don't think the 'KnC route' is a viable long term business model - more a 'get rich quick' scheme.


If mining isn't economically viable long term at the scale shown here, bitcoin is dead.

you completely misinterpret what I said there.
best wishes.

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April 12, 2014, 04:51:10 PM
 #845

I don't think the 'KnC route' is a viable long term business model - more a 'get rich quick' scheme.


If mining isn't economically viable long term at the scale shown here, bitcoin is dead.

you completely misinterpret what I said there.
best wishes.

Then perhaps you'd clarify ?

best wishes Smiley
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April 12, 2014, 05:13:00 PM
 #846


The SP10 starts shipping on March 25th! Actual orders (and not “pre-orders”) are available right now!


haven't really been following this thread, can someone just answer if they delivered? anyone received their march 25th orders?

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April 12, 2014, 05:23:46 PM
 #847


The SP10 starts shipping on March 25th! Actual orders (and not “pre-orders”) are available right now!


haven't really been following this thread, can someone just answer if they delivered? anyone received their march 25th orders?

...

SP10/Dawson received. It's hashing nicely at around 1370 GH/s on "Normal". Front/back temps are 22C and 73C. It's running on 115V. Thanks, Spondoolies.

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April 12, 2014, 05:34:38 PM
 #848


The SP10 starts shipping on March 25th! Actual orders (and not “pre-orders”) are available right now!


haven't really been following this thread, can someone just answer if they delivered? anyone received their march 25th orders?

I got one too!

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April 12, 2014, 05:49:33 PM
 #849

SP10/Dawson received. It's hashing nicely at around 1370 GH/s on "Normal". Front/back temps are 22C and 73C. It's running on 115V. Thanks, Spondoolies.

You have the latest firmware, because it might go faster.
We're limiting the draw from the PSU to about 1100W in 115V to comply with safety.
It's nice 0.8 Watt / GH/s ratio, true to the thread caption

New Mimblewimble implementation: https://www.beam.mw
Spondoolies is back with the SPx36: https://www.spondoolies-tech.com/products/spx36
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April 12, 2014, 06:03:29 PM
 #850

@Spondoolies

What is your refund policy if you miss the August date on the SP30 ?
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April 12, 2014, 06:10:02 PM
 #851

@Spondoolies

What is your refund policy if you miss the August date on the SP30 ?


you clearly have no intention of ordering any mining equipment anyway, so may I ask, why are you wasting people's time here?
I am sure you will receive all the info you need by contacting them via their website

Folks, you gotta learn to roll with the times - as hard as it is to abandon your hopes and aspirations of getting rich quick on the back of cryptos.

Bitcoin prices are trending towards the cost of mining them.
No ASIC manufacturer is offering equipment that small customers can expect to ROI in less than a year. if at all.
Mining is becoming a utility business with returns that will trend towards 7% a year, just like water and gas and electricity generation.
To make money, you will have to do it at extreme scale in locales with cheap electricity.


There is a washout coming in the ASIC mining equipment business and the only companies which will survive are those that adapt their business model to the new normal. KNC obviously plans be one of them.

The new 'great opportunities' in cryptos have moved up the food chain, to the infrastructure and application level.

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April 12, 2014, 06:18:16 PM
 #852

you clearly have no intention of ordering any mining equipment anyway

You are quickly becoming ignore worthy friend !

Spondooglie-Tech refund policy is an important consideration in my analysis of the risk of ordering an April set of SP30s and no doubt is also of interest to others reading this thread.

I'm looking forward to hearing from Spondooglie themselves, not some self-appointed guardian of a bitcointalk thread with more 'my this', 'my that' and 'my the other' in his footer than anybody else on the planet.


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April 12, 2014, 06:24:14 PM
 #853

you clearly have no intention of ordering any mining equipment anyway

friend !

errr. no. thank you.

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April 12, 2014, 06:39:03 PM
Last edit: April 12, 2014, 06:49:14 PM by Spondoolies-Tech
 #854

@Spondoolies

What is your refund policy if you miss the August date on the SP30 ?

We can say "full refund" but it won't be true, since the only scenario in which we'll miss July date (not August, July was already sold out) on SP30 is a total catastrophic one, in which refund policy won't matter.

Unlike other vendors, when we're committing to a date, we mean it.

As explained before in the thread, the SP30 ASIC (RockerBox) is a die shrink (40nm -> 28nm) of our SP10 ASIC (Hammer).
It's a relative trivial project, this is why we're feeling safe to do pre-orders for SP30.

(unlike our 3rd gen ASIC, PickAxe for which we won't take pre-orders since the ASIC is an higher risk)

Needless to say, even in this relative trivial project we're doing verification + FPGA validation.

The exact status of the project:
We've submitted final net list to Global Unichip, the tapeout will be in the beginning of May.

Edit: ASICs in the beginning of July. In Hammer case, we had working SP10 system within a week from getting the ASICs.

New Mimblewimble implementation: https://www.beam.mw
Spondoolies is back with the SPx36: https://www.spondoolies-tech.com/products/spx36
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April 12, 2014, 06:49:59 PM
 #855

Haven't seen any group buys for hosted options for these rigs.  Surprising.  Other than 2 months free at shop.   Cry  If you know of any please post.  My electric bill has surpassed my mortgage and need a hosted option.  Shocked
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April 12, 2014, 06:51:50 PM
 #856

Haven't seen any group buys for hosted options for these rigs.  Surprising.  Other than 2 months free at shop.   Cry  If you know of any please post.  My electric bill has surpassed my mortgage and need a hosted option.  Shocked
If you'll arrange one - we've secured a deal with a high quality data center in Central WA for ultra cheap long term hosting. US bundles customers (50 units or more, SP10 or SP30) are invited to contact us at sales@spondoolies-tech.com for details

For non US customers: http://www.spondoolies-tech.com/collections/products/hosting

We're working to secure more locations (e.g. Iceland)

New Mimblewimble implementation: https://www.beam.mw
Spondoolies is back with the SPx36: https://www.spondoolies-tech.com/products/spx36
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April 12, 2014, 07:02:25 PM
Last edit: April 12, 2014, 08:36:56 PM by Spondoolies-Tech
 #857

That picture of a massive farm should send shivers down everyone's spine. Does it mean the end of diversity and spreading the network to a wider base? It might if people who care about bitcoin and cryptocurrency continue acting on their own. There is value in working within groups and collectives to help secure the network away from those LARGER farms. Spondoolies is making a promise to those who want to disrupt that ecosystem that they will be there with chips and miners. I am hoping that it is true and people do join together and secure the network differently. Spondoolies is just one company here is hoping others take up that same challenge and offer chips and miners to a growing group of collectives that are keen on making it impossible to have monopolies on mining in any form.

Our promise is true. Miners, ASICs, Bare boards, whatever it takes to distribute the hash-rate.
We'll support any serious collective and group effort. WPC falls into that category.

We're honing the perfect weapon against those massive farms. A weapon for the EH/s era (1,000 PH/s)

New Mimblewimble implementation: https://www.beam.mw
Spondoolies is back with the SPx36: https://www.spondoolies-tech.com/products/spx36
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April 12, 2014, 07:05:06 PM
 #858

@Spondoolies

What is your refund policy if you miss the August date on the SP30 ?

We can say "full refund" but it won't be true, since the only scenario in which we'll miss July date (not August, July was already sold out) on SP30 is a total catastrophic one, in which refund policy won't matter.

Unlike other vendors, when we're committing to a date, we mean it.

As explained before in the thread, the SP30 ASIC (RockerBox) is a die shrink (40nm -> 28nm) of our SP10 ASIC (Hammer).
It's a relative trivial project, this is why we're feeling safe to do pre-orders for SP30.

(unlike our 3rd gen ASIC, PickAxe for which we won't take pre-orders since the ASIC is an higher risk)

Needless to say, even in this relative trivial project we're doing verification + FPGA validation.

The exact status of the project:
We've submitted final net list to Global Unichip, the tapeout will be in the beginning of May.

Edit: ASICs in the beginning of July. In Hammer case, we had working SP10 system within a week from getting the ASICs.

Thanks for your quick reply Spondoolies-Tech.

Is it fair to summarize your reply by saying: "We don't have a refund policy because we aren't going to miss our dates" ?

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April 12, 2014, 07:06:36 PM
 #859

@Spondoolies

What is your refund policy if you miss the August date on the SP30 ?

We can say "full refund" but it won't be true, since the only scenario in which we'll miss July date (not August, July was already sold out) on SP30 is a total catastrophic one, in which refund policy won't matter.

Unlike other vendors, when we're committing to a date, we mean it.

As explained before in the thread, the SP30 ASIC (RockerBox) is a die shrink (40nm -> 28nm) of our SP10 ASIC (Hammer).
It's a relative trivial project, this is why we're feeling safe to do pre-orders for SP30.

(unlike our 3rd gen ASIC, PickAxe for which we won't take pre-orders since the ASIC is an higher risk)

Needless to say, even in this relative trivial project we're doing verification + FPGA validation.

The exact status of the project:
We've submitted final net list to Global Unichip, the tapeout will be in the beginning of May.

Edit: ASICs in the beginning of July. In Hammer case, we had working SP10 system within a week from getting the ASICs.

Thanks for your quick reply Spondoolies-Tech.

Is it fair to summarize your reply by saying: "We don't have a refund policy because we aren't going to miss our dates" ?


No

New Mimblewimble implementation: https://www.beam.mw
Spondoolies is back with the SPx36: https://www.spondoolies-tech.com/products/spx36
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April 12, 2014, 07:11:29 PM
 #860

Sorry then, I must have misunderstood you. What is your refund policy if 3 SP30s ordered in April for August delivery aren't delivered in August ?
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