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Author Topic: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs  (Read 1256306 times)
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November 26, 2014, 02:50:48 PM
 #9021




I do think however, and knowing price of electricity where Spondoolies are based, it may be more frugal for SP-Tech to partner with another company in a less expensive region of the world to run a cloud mining farm... should it happen in the future.

They need to setup something in Washington state


 http://www.chelanpud.org/9545.html


under 5 cents a kwatt

contrary to our friend above who wishes to end the discussion ...- .-


and since we are discussing comments made by Guy in a media interview regarding cloud mining, I feel it very relevant and not off-topic at this point in time to discuss the matter and speculate what Spondoolies might offer in a cloud mining capacity in the future..

Where I agree, the cloud needs to be profitable for the miner, as well as for Spondoolies, it should also keep the main ethic that Spondoolies have had since their beginning, and that is and has always been that the customer comes first.

Forgive me if anyone feels that discussing how Spondoolies are top for customer service is off-topic.

and please, let us discuss these things without butting in with comments like 'discussion ends here' whoever you may think you are.
thanks for understanding.

under 5c /kW is exceptionally good.

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November 26, 2014, 03:26:55 PM
 #9022

Zvi, I am still having an issue with my SP10 running with intake temperatures at or below 0c. Technical support suggested that I update my firmware to 2.5.13, however it is unavailable in the web GUI.

I found the following kb regarding the issue with low intake temps, http://www.spondoolies-tech.com/blogs/technical-blog/15824368-version-2-5-12

That support article seems to indicate that it is for SP20. SP3X. Is it even possible to apply that firmware to an SP10? If not is there a manual workaround that can be done to get the unit hashing with lower than 0 degree intake?

"Version 2.5.12 became the official, 2.5.6 removed and 2.5.13 is the latest experimental.
2.5.12 - different handling of BIST and Murata flow - improves stability.
2.5.13 - sets default (after factory reset) values to 1275/288 in SP3x/SP2x. Redirection bug fixed. Handling of ambient temperatures lower then 0c added."
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November 26, 2014, 03:42:36 PM
 #9023

With all due respect to Guy, this will never work for a simple reason that there is absolutely NO incentive to EVER use mining contracts vs buying bitcoin outright (in OECD countries). With the price of bitcoin approaching the cost of production for marginal players, all profit of such contract will be retained by the cloud mining company. I looked at every single cloud mining operation, and basically it is just a license to lose money (for buyers of such contracts, of course).

In theory, cloud mining has to prove that buying such mining contract will result in the GUARANTEED lower price per BTC acquired than could be obtained by buying bitcoin on the open market. However, such proof does not exist at the moment and is unlikely to exist in the future as well. Case closed.


People say the exact same thing about buying miners and have been saying it since GPU mining. Cloud miners have lower up front costs involved due to not needing to ship all around the world and they generally have cheap electricity decreasing running costs. In that scenario, if cloud mining is unprofitable, then buying miners is even less profitable for the majority of people.

Cloud mining will attract a different breed of people than mining with physical hardware. Cloud miners will be less hardcore and more likely to jump ship at the first whiff of unprofitability. They would probably have no notion of the concept behind p2pool and would have no qualms about pointing their hashes at the most profitable pool even if it were the largest pool with over 51% of the overall hashrate.

While I agree with you about cloud mining and I think it is bad for the industry it looks like it is the same as the weather .

We can talk about it as much as we want but we can't change it.

I don't see anyone refuting my point that cloud mining (as is) cannot provide any advantage over simply slowly buying BTC.
Mining is fun at home, much less fun at a hosting site or colo and completely meaningless in a "cloud mine"-it does not reward either your soul or your pocket.
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November 26, 2014, 03:47:44 PM
 #9024

Zvi, I am still having an issue with my SP10 running with intake temperatures at or below 0c. Technical support suggested that I update my firmware to 2.5.13, however it is unavailable in the web GUI.

I found the following kb regarding the issue with low intake temps, http://www.spondoolies-tech.com/blogs/technical-blog/15824368-version-2-5-12

That support article seems to indicate that it is for SP20. SP3X. Is it even possible to apply that firmware to an SP10? If not is there a manual workaround that can be done to get the unit hashing with lower than 0 degree intake?

"Version 2.5.12 became the official, 2.5.6 removed and 2.5.13 is the latest experimental.
2.5.12 - different handling of BIST and Murata flow - improves stability.
2.5.13 - sets default (after factory reset) values to 1275/288 in SP3x/SP2x. Redirection bug fixed. Handling of ambient temperatures lower then 0c added."

2.X.X are for SP2x and SP3x. Update to latest version (I think it is 1.5.Cool - you might need to update FW twice (till it says that you have the latest image).
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November 26, 2014, 03:56:08 PM
 #9025

With all due respect to Guy, this will never work for a simple reason that there is absolutely NO incentive to EVER use mining contracts vs buying bitcoin outright (in OECD countries). With the price of bitcoin approaching the cost of production for marginal players, all profit of such contract will be retained by the cloud mining company. I looked at every single cloud mining operation, and basically it is just a license to lose money (for buyers of such contracts, of course).

In theory, cloud mining has to prove that buying such mining contract will result in the GUARANTEED lower price per BTC acquired than could be obtained by buying bitcoin on the open market. However, such proof does not exist at the moment and is unlikely to exist in the future as well. Case closed.


People say the exact same thing about buying miners and have been saying it since GPU mining. Cloud miners have lower up front costs involved due to not needing to ship all around the world and they generally have cheap electricity decreasing running costs. In that scenario, if cloud mining is unprofitable, then buying miners is even less profitable for the majority of people.

Cloud mining will attract a different breed of people than mining with physical hardware. Cloud miners will be less hardcore and more likely to jump ship at the first whiff of unprofitability. They would probably have no notion of the concept behind p2pool and would have no qualms about pointing their hashes at the most profitable pool even if it were the largest pool with over 51% of the overall hashrate.

While I agree with you about cloud mining and I think it is bad for the industry it looks like it is the same as the weather .

We can talk about it as much as we want but we can't change it.

I don't see anyone refuting my point that cloud mining (as is) cannot provide any advantage over simply slowly buying BTC.
Mining is fun at home, much less fun at a hosting site or colo and completely meaningless in a "cloud mine"-it does not reward either your soul or your pocket.

at this point, i probably agree with you, however, to speculate, -what if SP-Tech came along with a cloud mining plan which was not only profitable, for the investor, but fulfilled those fun hobby-type requirements that we all have when we first plug in a new miner? What form would that take? Or is that something which you might just not see, for yourself, happening?
Would it be a hosting plan on purchased hardware that you watch hashing on a webcam live-feed - if you could trade h/w (instead of trading TH/s - you could trade the actual hashboards) with other users? i'm just rolling my head around and letting out the thoughts now. lol.

here's my picture of a perfect cloud mining contract:

The purchasing (hire-purchase perhaps?) of full hashboards, instead of piddly little GH/s.
Flexibility to change pools remotely, at the click of a button.
live-feed webcams watching over a warehouse of immersion cooled SP100's (i just made that up)
trading platform with other cloud users, to control pricing and p2p trading of your purchased hashboards.
Fees paid pro-rata by the user, not taken from mined rewards - if fees don't get paid, hashboards power down.
and most importantly - majority of the mining profit to the end user.

i think too much, granted. but some of these ideas are, for me, what might make a perfect cloud mining contract - in essence, i would still want to own the hardware, rather than rent TH/s.

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November 26, 2014, 04:41:18 PM
 #9026

Zvi, I am still having an issue with my SP10 running with intake temperatures at or below 0c. Technical support suggested that I update my firmware to 2.5.13, however it is unavailable in the web GUI.

I found the following kb regarding the issue with low intake temps, http://www.spondoolies-tech.com/blogs/technical-blog/15824368-version-2-5-12

That support article seems to indicate that it is for SP20. SP3X. Is it even possible to apply that firmware to an SP10? If not is there a manual workaround that can be done to get the unit hashing with lower than 0 degree intake?

"Version 2.5.12 became the official, 2.5.6 removed and 2.5.13 is the latest experimental.
2.5.12 - different handling of BIST and Murata flow - improves stability.
2.5.13 - sets default (after factory reset) values to 1275/288 in SP3x/SP2x. Redirection bug fixed. Handling of ambient temperatures lower then 0c added."

2.X.X are for SP2x and SP3x. Update to latest version (I think it is 1.5.Cool - you might need to update FW twice (till it says that you have the latest image).
I am at 1.5.8, I just reapplied it to see and it didn't make any difference. Once the intake temp drops to 0 or lower it stops hashing. I'll get about 100 shares processed and then it stops mining. After several minutes the entire unit will reboot and go through the same sequence.
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November 26, 2014, 04:47:16 PM
 #9027

I am at 1.5.8, I just reapplied it to see and it didn't make any difference. Once the intake temp drops to 0 or lower it stops hashing. I'll get about 100 shares processed and then it stops mining. After several minutes the entire unit will reboot and go through the same sequence.

Are You did not read the specification ?

http://www.spondoolies-tech.com/products/sp10-dawson-mid-june-batch

Ambient Operating Temperature 0 °C to 35 °C


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November 26, 2014, 04:57:41 PM
 #9028

I am at 1.5.8, I just reapplied it to see and it didn't make any difference. Once the intake temp drops to 0 or lower it stops hashing. I'll get about 100 shares processed and then it stops mining. After several minutes the entire unit will reboot and go through the same sequence.

Are You did not read the specification ?

http://www.spondoolies-tech.com/products/sp10-dawson-mid-june-batch

Ambient Operating Temperature 0 °C to 35 °C


They said the same thing for the SP20\3x and were still able to provide a fix for them. I'm sure the same logic can be applied here hopefully.
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November 26, 2014, 06:22:32 PM
 #9029



….

I don't see anyone refuting my point that cloud mining (as is) cannot provide any advantage over simply slowly buying BTC.
Mining is fun at home, much less fun at a hosting site or colo and completely meaningless in a "cloud mine"-it does not reward either your soul or your pocket.
  well  I agree with you on this point.

 If it becomes all cloudmining it is  "meaningless"



I can't see why  the industry insists on pushing to this direction.

I consider it short term thinking.  But what do I know.

Now maybe spondoolies can present it in a manner different then most other companies.

I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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November 26, 2014, 10:29:12 PM
 #9030


So ... I'm looking to buy another miner ... but the SP20 isn't powerful enough/suitable.

The SP35 for November delivery is out of stock, I've no idea if a December delivery batch will be produced (if it was, I'd guess it would already be 'on sale'). Therefore Sponds have no heavy hitting miners for sale right now ... or in the near future?

Are we entering a stagnation period where not much hardware is available before the next gen?

Just interested in fairly accurate time frames .. and yes 2015 will be a game changer .. I wonder what I will change into  Huh


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November 26, 2014, 11:54:59 PM
 #9031

sorry to jump off the rail regarding the discussion ... though I must say this is the best company for miners, and this is one of the best forums I watch as well.

good points made by all, and at the end of the day we all have our own style ...  Cool

my question is probably pretty silly, but how do you point the SP's to multiple pools in the "Pools" menu?


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November 26, 2014, 11:58:37 PM
 #9032


So ... I'm looking to buy another miner ... but the SP20 isn't powerful enough/suitable.

The SP35 for November delivery is out of stock, I've no idea if a December delivery batch will be produced (if it was, I'd guess it would already be 'on sale'). Therefore Sponds have no heavy hitting miners for sale right now ... or in the near future?

Are we entering a stagnation period where not much hardware is available before the next gen?

Just interested in fairly accurate time frames .. and yes 2015 will be a game changer .. I wonder what I will change into  Huh




I've been told there will be a December batch of Sp35

Otherwise look in the second hand market.

Mine at pools that pay transaction fees & don't mine empty blocks :: kanopool :: ckpool ::
:: Dalcore's Crypto Mining H/W Hosting Directory & Reputation ::
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November 26, 2014, 11:59:44 PM
 #9033

sorry to jump off the rail regarding the discussion ... though I must say this is the best company for miners, and this is one of the best forums I watch as well.

good points made by all, and at the end of the day we all have our own style ...  Cool

my question is probably pretty silly, but how do you point the SP's and multiple pools in the "Pools" menu?



Its just cgminer so you have to edit the cgminer.conf file

You have to follow the instructions on that page:

Quote
To edit this file, please use SSH to log in to your miner, and then use vi /etc/cgminer.conf

Mine at pools that pay transaction fees & don't mine empty blocks :: kanopool :: ckpool ::
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November 27, 2014, 12:38:50 AM
 #9034

sorry to jump off the rail regarding the discussion ... though I must say this is the best company for miners, and this is one of the best forums I watch as well.

good points made by all, and at the end of the day we all have our own style ...  Cool

my question is probably pretty silly, but how do you point the SP's and multiple pools in the "Pools" menu?



Its just cgminer so you have to edit the cgminer.conf file

You have to follow the instructions on that page:

Quote
To edit this file, please use SSH to log in to your miner, and then use vi /etc/cgminer.conf
Thanks Biffa ... I was hoping it wouldn't require having to "putty" in  Undecided

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November 27, 2014, 12:43:59 AM
 #9035

here's my picture of a perfect cloud mining contract:

The purchasing (hire-purchase perhaps?) of full hashboards, instead of piddly little GH/s.
Flexibility to change pools remotely, at the click of a button.
live-feed webcams watching over a warehouse of immersion cooled SP100's (i just made that up)
trading platform with other cloud users, to control pricing and p2p trading of your purchased hashboards.
Fees paid pro-rata by the user, not taken from mined rewards - if fees don't get paid, hashboards power down.
and most importantly - majority of the mining profit to the end user.

i think too much, granted. but some of these ideas are, for me, what might make a perfect cloud mining contract - in essence, i would still want to own the hardware, rather than rent TH/s.

This would be ideal, though if you look at the high-end server hosting market as an analogy what you describe would not be considered cloud mining. For example, take a look at Rackspace. You can lease from them both cloud servers as well as dedicated servers, the latter which could include your own firewalls, storage, backup and IDS/IPS hardware. For dedicated you get to pick from a standard set of hardware, configuration, lease term, and the service level. They set it up for you and manage as little or as much as you need.

I can see this happening for mining. You make your choice and quantity of commodity mining hardware, select your pool configuration, pay your mining equipment lease, power and management fees, and you get to keep ALL mining profits. The only problem is whether anyone can offer this kind of service without adding too much additional cost.
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November 27, 2014, 12:49:43 AM
 #9036

sorry to jump off the rail regarding the discussion ... though I must say this is the best company for miners, and this is one of the best forums I watch as well.

good points made by all, and at the end of the day we all have our own style ...  Cool

my question is probably pretty silly, but how do you point the SP's and multiple pools in the "Pools" menu?



Its just cgminer so you have to edit the cgminer.conf file

You have to follow the instructions on that page:

Quote
To edit this file, please use SSH to log in to your miner, and then use vi /etc/cgminer.conf
Thanks Biffa ... I was hoping it wouldn't require having to "putty" in  Undecided

You can add multiple pools in the interface but it won't load-balance them just failover.

Mine at pools that pay transaction fees & don't mine empty blocks :: kanopool :: ckpool ::
:: Dalcore's Crypto Mining H/W Hosting Directory & Reputation ::
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November 27, 2014, 01:17:49 AM
 #9037

I am at 1.5.8, I just reapplied it to see and it didn't make any difference. Once the intake temp drops to 0 or lower it stops hashing. I'll get about 100 shares processed and then it stops mining. After several minutes the entire unit will reboot and go through the same sequence.

Are You did not read the specification ?

http://www.spondoolies-tech.com/products/sp10-dawson-mid-june-batch

Ambient Operating Temperature 0 °C to 35 °C


They said the same thing for the SP20\3x and were still able to provide a fix for them. I'm sure the same logic can be applied here hopefully.
I am at 1.5.8, I just reapplied it to see and it didn't make any difference. Once the intake temp drops to 0 or lower it stops hashing. I'll get about 100 shares processed and then it stops mining. After several minutes the entire unit will reboot and go through the same sequence.

Are You did not read the specification ?

http://www.spondoolies-tech.com/products/sp10-dawson-mid-june-batch

Ambient Operating Temperature 0 °C to 35 °C


They said the same thing for the SP20\3x and were still able to provide a fix for them. I'm sure the same logic can be applied here hopefully.

kind of.. hopefully

but in FACT when the fw was updated for LOWER temp stability, my SP3x became intolerant of previously acceptable HIGHER (35+) ambient temps.

which is a shame as my 4.7 TH SP30 is now a 4.1 TH SP30.

i have attempted to address this issue on a number of occasions but got ZERO response.

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November 27, 2014, 02:13:12 AM
Last edit: November 27, 2014, 02:30:30 AM by wh00per
 #9038

sorry to jump off the rail regarding the discussion ... though I must say this is the best company for miners, and this is one of the best forums I watch as well.
good points made by all, and at the end of the day we all have our own style ...  Cool
my question is probably pretty silly, but how do you point the SP's to multiple pools in the "Pools" menu?

You point it to first one and have the second as a backup. I was saying about 100 pages ago, changing the pools on the fly does not work with the present cgminer & SPT watchdog approach. As long as when you change the pool priority, the pool ID does not change, the SPT watchdog will restart the software if it detects connectivity with the 1st pool in the list.
Once restarted, cgminer will point again to the ID 0 pool, no matter what the priorities set on the fly are.

You probably will end up making a script to swap cgminer.conf files with different configurations (main pool + backup pool). A small PHP script placed and ran from /etc folder will suffice.
With it, you just rename the config file from your set (i.e. cgminer.btc or cgminer.ppc) into "cgminer.conf" and kill the cgminer process. The watchdog will do the rest.

Hint: if you need to cycle through various pools just call the script with cron .. it'll give you the possibility to mine for example 30% of your miner time for one pool, and the rest for another Smiley you can even use my eligius address for about 1% of the time LOL  



On the other hand, mining contacts will make BTC even more scarce and all the geeks who used to mine will cash out and start something else. I won't buy ever a contract, since for me, the whole fun is in setting up the hardware. If I get paid for it, is even better. I don't need to transfer money, so my real use of BTC is on Newegg or tigerdirect. Buying a miner or two with what I made a couple of years ago is another fun part. Heh .. there are more expensive hobbies Smiley For those who made a business out on the BTC landscape, I'm hoping you will do well without end-user owned miners in the future. Guys like jtoomim can use their setup for all kinds of hosting. The landscape its just transforming.

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November 27, 2014, 03:31:44 AM
 #9039

I can't seem to order an sp20E or 2 sp20E's  the cart tells me no shipping for my address. 

I purchased 1 last week and was looking to get 2 more. Any info on how get the shipping  to  work would help

I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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November 27, 2014, 04:37:06 AM
 #9040

I can't seem to order an sp20E or 2 sp20E's  the cart tells me no shipping for my address. 

I purchased 1 last week and was looking to get 2 more. Any info on how get the shipping  to  work would help

same here, finally was going to pull the trigger after talkin myself into it all day.. then wasnt able to
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