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Author Topic: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs  (Read 1256293 times)
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raskul
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November 25, 2014, 02:55:09 PM
 #8981

Guys, do you plan to open cloud mining service?

Please god no.

Going by what has evolved in the rest of the 'cloud mining' market...

i agree. They should stick with building and selling hardware, it's what SP-Tech are good at.

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November 25, 2014, 03:05:07 PM
 #8982

Guys, do you plan to open cloud mining service?

Please god no.

Going by what has evolved in the rest of the 'cloud mining' market...

i agree. They should stick with building and selling hardware, it's what SP-Tech are good at.

Absolutely. The day SP-Tech do the cloud scam will be the day I stop doing business with them.

"When one person is deluded it is called insanity - when many people are deluded it is called religion" - Robert M. Pirsig.  I don't want your coins, I want change.
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November 25, 2014, 03:32:08 PM
 #8983

Guys, do you plan to open cloud mining service?

Please god no.

Going by what has evolved in the rest of the 'cloud mining' market...

i agree. They should stick with building and selling hardware, it's what SP-Tech are good at.

the only worth while cloud is renting and point it were you want.  nicehash + westhash  and a few other companies come to mind.  standard cloud mining is meh at best.

I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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November 25, 2014, 03:43:43 PM
 #8984

Guys, do you plan to open cloud mining service?

Please god no.

Going by what has evolved in the rest of the 'cloud mining' market...

i agree. They should stick with building and selling hardware, it's what SP-Tech are good at.

the only worth while cloud is renting and point it were you want.  nicehash + westhash  and a few other companies come to mind.  standard cloud mining is meh at best.

i'd never heard of either of those companies but the way i see it, if I cannot switch pools to wherever i want to mine, it's not a real cloud mining service. I rent my SP10's on betarigs, as well as purchase p2p rentals through the same website, and find that (when i price them competitively) they are the most rented rigs. people like to know what exactly what they are spending their money on, and IMHO, quality will win everytime. When i go looking for rigs to rent, i will always choose an available SP-Tech rig over any other and am content to pay a premium for it because I know that it will be stable and reliable and i'll get exactly what I pay for.

anyway, going off topic a bit, i'm going to check out those companies you mention.


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November 25, 2014, 03:46:20 PM
 #8985

Good price and good power consumption of SP20 - imho it's better then S4 and Prisma
Guys, do you plan to open cloud mining service or own hosting service? I had bad experience with one of you hosting-partners, so don't want to repeat a mistake. Shipping fees and electricity price make me sad Sad


with whom have you had bad experience?

I would highly recommend toomim;  Very knowledgeable & customer oriented


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November 25, 2014, 03:53:01 PM
 #8986

Good price and good power consumption of SP20 - imho it's better then S4 and Prisma
Guys, do you plan to open cloud mining service or own hosting service? I had bad experience with one of you hosting-partners, so don't want to repeat a mistake. Shipping fees and electricity price make me sad Sad


Hashplex has my Spondoolies currently, they have been fantastic. Great support and very quick to fix a problem.
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November 25, 2014, 04:08:12 PM
 #8987

Is the startup asic voltage also the minimum voltage for temperature scaling.. or can it go lower than that?
It can go lower than the initial value.

Hosting bitcoin miners for $65 to $80/kW/month on clean, cheap hydro power.
http://Toom.im
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November 25, 2014, 05:09:27 PM
 #8988

https://www.cryptocoinsnews.com/guy-corem-spondoolies-tech-talks-next-gen-chips-industry-trends/

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November 25, 2014, 05:41:56 PM
 #8989

Guys, do you plan to open cloud mining service?

Please god no.

Going by what has evolved in the rest of the 'cloud mining' market...

i agree. They should stick with building and selling hardware, it's what SP-Tech are good at.

Absolutely. The day SP-Tech do the cloud scam will be the day I stop doing business with them.

The problem for Spondoolies is that their main competitors are all offering cloud mining now and due to the extra costs of delivery, PSUs and electricity, cloud mining offers a better chance of making a profit from mining. Now, some of you guys clearly don't mind paying more to earn less but most people are in it for the money. Buying miners is simply no longer competitive for the majority of people.

Look at the SP20 for example. At 1152 W, you'd have the following costs for electricity:

At 0.15 $/kWh, daily electricity costs would be 1.152 kW * 24 h * $0.15 = $4.1472 or $0.00244 per Gh/s per day.
At 0.10 $/kWh, daily electricity costs would be 1.152 kW * 24 h * $0.10 = $2.7648 or $0.00163 per Gh/s per day.
At 0.05 $/kWh, daily electricity costs would be 1.152 kW * 24 h * $0.05 = $1.3824 or $0.00081 per Gh/s per day.

So what about having the SP20 hosted in a data centre? Toomin's seems to be a popular choice. For 12 months hosting, you pay $80 per kW per month. That works out to $0.00179 per Gh/s per day.

AMHash's maintenance fee is $0.00163 per Gh/s per day which is cheaper than having an SP20 hosted at Toomin's and the same as running an SP20 at 0.1 $/kWh. An SP20 costs $795 excluding shipping, which works out to $0.468 per Gh/s. That's equivalent to buying AMHash at an exchange rate of 389.71 $/BTC. For me, I'd have to add on $115 for shipping and $200 for a PSU, taking the total upfront cost to $1110, which works out to be $0.653 per Gh/s. That's equivalent to buying AMHash at 544.12 $/BTC. On top of that would be electricity costs of 0.24 $/kWh or $0.00390 per Gh/s per day.

Now, let's say Spondoolies were offering Gh/s contracts for 0.0012 BTC with a maintenance fee of $0.001 per Gh/s per day, would you guys honestly still prefer to buy an SP20? Do you honestly think the majority of people would?

Either Spondoolies starts offering cloud mining or it'll remain uncompetitive and sales will shrink accordingly.
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November 25, 2014, 05:55:20 PM
 #8990


Thanks. I am a bit overwhelmed at the moment with everything so I was surely gonna miss that.

Look at the SP20 for example. At 1152 W, you'd have the following costs for electricity:

I stopped reading your post here because:

so far the  sp20 has done 747 watts and 1353gh on under clock 

Miners have the advantage of being able to underclock their gear depending on market movements as opposed to cloud mining so please go and count your recently div satoshis. It will be a better use of your time.

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November 25, 2014, 06:06:23 PM
 #8991

Here's some quotes from Guy:

Quote
Home mining is not going to be around much longer though. The big mining farms are making it so you cannot compete or get ROI. Whether we like it or not mining is moving to the cloud. There will still be some home miners, but not many and most will be in the cloud.

Quote
We believe that 2015 will be all about mining contracts. Mining contracts backed up by real hardware.

I agree with Guy.
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November 25, 2014, 06:15:07 PM
 #8992

Quote from: Mabsark
you'd have the following costs for electricity:...

if it's done right, cloud could be a great thing. However, it needs 100% usability, and that doesn't come cheap, it's a lot of work... where one miner may wish to mine with hardware themselves and pay electricity at home/location, another may wish to mine on a cloud and pay the maintenance which is inevitably going to come with that - but either way, you still fund the electric costs, do you not?

Here's some quotes from Guy:

Quote
Home mining is not going to be around much longer though. The big mining farms are making it so you cannot compete or get ROI. Whether we like it or not mining is moving to the cloud. There will still be some home miners, but not many and most will be in the cloud.

Quote
We believe that 2015 will be all about mining contracts. Mining contracts backed up by real hardware.

I agree with Guy.

the only advantage I see of cloud mining is that anyone can have as much hash-power as their funds can afford without the worry about keeping within the limited power draw for their mining place. Just because you are mining on a cloud contract, does in no way negate the electricity costs.

I'm content to mine at home/data-unit and stay within my limitations.

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November 25, 2014, 06:39:29 PM
 #8993

Quote from: Mabsark
you'd have the following costs for electricity:...

if it's done right, cloud could be a great thing. However, it needs 100% usability, and that doesn't come cheap, it's a lot of work... where one miner may wish to mine with hardware themselves and pay electricity at home/location, another may wish to mine on a cloud and pay the maintenance which is inevitably going to come with that - but either way, you still fund the electric costs, do you not?

Here's some quotes from Guy:

Quote
Home mining is not going to be around much longer though. The big mining farms are making it so you cannot compete or get ROI. Whether we like it or not mining is moving to the cloud. There will still be some home miners, but not many and most will be in the cloud.

Quote
We believe that 2015 will be all about mining contracts. Mining contracts backed up by real hardware.

I agree with Guy.

the only advantage I see of cloud mining is that anyone can have as much hash-power as their funds can afford without the worry about keeping within the limited power draw for their mining place. Just because you are mining on a cloud contract, does in no way negate the electricity costs.

I'm content to mine at home/data-unit and stay within my limitations.
Also, home mining in winter helps reduce your home heating bill. That's an added benefit if you are going to pay for that heating energy anyway.

Run a Bitcoin node, support the network.
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November 25, 2014, 06:49:57 PM
 #8994

Order 3242. I don't have a ticket number, but have sent 3 emails through your contact form on your website.
Found the ticket. Your miner will be shipped on Sunday and we'll compensate for the delay from the 18, as written few pages back.

Guy

Could you send me the tracking number please? Your website still shows my order as unfulfilled.
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November 25, 2014, 06:53:12 PM
 #8995

Order 3242. I don't have a ticket number, but have sent 3 emails through your contact form on your website.
Found the ticket. Your miner will be shipped on Sunday and we'll compensate for the delay from the 18, as written few pages back.

Guy

Could you send me the tracking number please? Your website still shows my order as unfulfilled.


you should get that by email and/or sms from the automated system that SP-Tech use, when the miner ships.
that's how I normally see it.

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November 25, 2014, 06:54:25 PM
 #8996


no worries, I was away for a while myself with masses of work. it sure is good to now see those invoices being paid for all my troubles.
hope you and yours are well.

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November 25, 2014, 07:02:27 PM
 #8997


Thanks. I am a bit overwhelmed at the moment with everything so I was surely gonna miss that.

Look at the SP20 for example. At 1152 W, you'd have the following costs for electricity:

I stopped reading your post here because:

so far the  sp20 has done 747 watts and 1353gh on under clock 

Miners have the advantage of being able to underclock their gear depending on market movements as opposed to cloud mining so please go and count your recently div satoshis. It will be a better use of your time.

many people don't understand the many pluses of home mining, but as time goes on and the network grows we will get squeezed out due to power limits.

I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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November 25, 2014, 08:08:34 PM
 #8998

Just because you are mining on a cloud contract, does in no way negate the electricity costs.

Like I said, if I was running an SP20 from home it would cost me $0.0039 per Gh/s per day. AMHash's maintenance fee is 42% lower than that and the up front cost per Gh/s is lower too. Sure, you may be able to underclock the SP20 to consume 747 W, giving a hash rate of 1353 Gh/s but then you've increased the cost per Gh/s to 125% for 81.5% of the power consumption. Even with such an underclock I'd still be paying $0.00318 per Gh/s per day, almost twice AMHash's maintenance fee.
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November 25, 2014, 08:10:55 PM
 #8999

Just because you are mining on a cloud contract, does in no way negate the electricity costs.

Like I said, if I was running an SP20 from home it would cost me $0.0039 per Gh/s per day. AMHash's maintenance fee is 42% lower than that and the up front cost per Gh/s is lower too. Sure, you may be able to underclock the SP20 to consume 747 W, giving a hash rate of 1353 Gh/s but then you've increased the cost per Gh/s to 125% for 81.5% of the power consumption. Even with such an underclock I'd still be paying $0.00318 per Gh/s per day, almost twice AMHash's maintenance fee.


well, when AMhash start hosting Spondoolies rigs, please feel free to give me the heads up  Wink

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November 25, 2014, 08:27:33 PM
 #9000

Just because you are mining on a cloud contract, does in no way negate the electricity costs.

Like I said, if I was running an SP20 from home it would cost me $0.0039 per Gh/s per day. AMHash's maintenance fee is 42% lower than that and the up front cost per Gh/s is lower too. Sure, you may be able to underclock the SP20 to consume 747 W, giving a hash rate of 1353 Gh/s but then you've increased the cost per Gh/s to 125% for 81.5% of the power consumption. Even with such an underclock I'd still be paying $0.00318 per Gh/s per day, almost twice AMHash's maintenance fee.


Your math is wrong.  I  pay 0.1 euros per kilowatt-hour in EU.  This makes for 1200W   2.88EUR per day
Your math  $0.0039 per Gh/s per day  0.0039x1700=6,63$  This makes it 0,22$ per Kw/h


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