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Author Topic: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs  (Read 1256306 times)
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Guy Corem
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December 04, 2014, 11:48:15 AM
 #9321

stuff
How does it compare to the UK National Lottery odds?
Code:
Category     Prizes        Chances          Prize (Aprox)
Jackpot           1    1 in    13,983,816    £3-5,000,000
5+bonus           6    1 in     2,330,636         £50,000
5-match         252    1 in     55,491.33          £1,500
4-match      13,545    1 in      1,032.40            £100
3-match     246,820    1 in         56.66             £25

The odds for the Dice are claimed to be  150/300,000,000, which isn't too far off, so let's run with that, and simplify it to there being a 1:2,000,000 chance that you would solve a block and get BTC25, currently worth about BTC25 * £240/BTC = £6,000 .  Rather unlikely, and you're out the £108.
Just on the face of it, 1:56.66 / 1:2,000,000 ~= 35,300 times a better deal to play the lotto to win something.

On the other hand, that something is much greater for the Bitcoin lottery, and factoring that into the odds by plugging one into the other (£6,000 / £25 = 240), multiplying with the odds (1:2,000,000 * 240 = 1:8,3333), and then dividing (1:56.66 / 1:8,333), you'd find that playing the lotto is 'only' 147 times a better deal than playing the Bitcoin lottery with a Dice to win something.

But that's messing with numbers that shouldn't be messed with as it's not a direct comparison. Let's instead compare that to the closest equivalent for the lotto - getting a 5-match four times (for prize money of £6,000);
Winning it once: 1:55,491.33
Winning it four times: 1:221,965.32
1:221,965.32 / 1:2,000,000 ~= 9 times better to play the lotto if the goal is to win £6,000.

honestly - calling solo bitcoin mining a 'lottery' is a bit silly. If you actually wanted to win, you would solo mine with the larger, more cost-effective hardware. You can have 11x the hashrate for about 7x the cost if you buy an SP20. the solo-mining lottery is really a way to sell overpriced, underpowered hardware to those who dont know better, or want a small collectible piece.

-granted, if its your first time mining bitcoin, its probably a decent device for that. cheap and power efficient. however, any new miner who goes solo will surely be dissapointed greatly 6 months later when they have nothing, and realise they should have been on a pool from the start so that they would have at least made a fraction of a bitcoin, maybe enough to pay for the electricity used in that time period (probably $60-80 worth)


Buy 2 devices, mine solo with the first, mine against a pool with the second.
Not everything is about ROI ...

New Mimblewimble implementation: https://www.beam.mw
Spondoolies is back with the SPx36: https://www.spondoolies-tech.com/products/spx36
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Guy Corem
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December 04, 2014, 12:11:00 PM
 #9322

got my sp20E today.

dhl tried stinging me for 100usd more than the 200usd they did last time....

so far so good with the rig.

how many rigs does one need to purchase to qualify for a t-shirt
Buy another one and contact sales@ before. We'll ship a t-shirt.

Guy

New Mimblewimble implementation: https://www.beam.mw
Spondoolies is back with the SPx36: https://www.spondoolies-tech.com/products/spx36
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December 04, 2014, 12:21:40 PM
 #9323

got my sp20E today.

dhl tried stinging me for 100usd more than the 200usd they did last time....

so far so good with the rig.

how many rigs does one need to purchase to qualify for a t-shirt
Buy another one and contact sales@ before. We'll ship a t-shirt.

Guy

 It would have been nice to know that before I ordered 4 times

oh well.

I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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December 04, 2014, 12:23:31 PM
 #9324

got my sp20E today.

dhl tried stinging me for 100usd more than the 200usd they did last time....

so far so good with the rig.

how many rigs does one need to purchase to qualify for a t-shirt
Buy another one and contact sales@ before. We'll ship a t-shirt.

Guy

 It would have been nice to know that before I ordered 4 times

oh well.

maybe you need to just replace those S3's and stock up full on SP20's.
 Wink

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December 04, 2014, 01:19:30 PM
 #9325

got my sp20E today.

dhl tried stinging me for 100usd more than the 200usd they did last time....

so far so good with the rig.

how many rigs does one need to purchase to qualify for a t-shirt

Mine should be here soon.. and looks like my sp31 is out for delivery too..  Cool

Then its time to knuckled down for three weeks, sock the next batch of coins away and then raise more for the next lot of hardware Cheesy


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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December 04, 2014, 01:49:11 PM
 #9326

i'd much rather win a bitcoin block than the lotto.

Well that explains it all.

~L)L~

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December 04, 2014, 03:41:32 PM
 #9327

SP20 in hand, ordered Sunday, received Thursday!! Glad USC is now aware of the product line no need for inspections. Thanks SP-T, if my last 2 TURDS, I mean Tubes sell I will grab a couple more.
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December 04, 2014, 03:48:01 PM
 #9328

SP20 in hand, ordered Sunday, received Thursday!! Glad USC is now aware of the product line no need for inspections. Thanks SP-T, if my last 2 TURDS, I mean Tubes sell I will grab a couple more.

you could always put a shine to those turds

https://www.etsy.com/listing/122801892/glitter-pills?ref=sr_gallery_1&ga_search_query=glitter+pill&ga_search_type=all&ga_view_type=gallery

 Cheesy

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December 04, 2014, 03:52:33 PM
 #9329

I've got 2 Hab boards and 3 hex4m boards that I want to consolidate into Sp20 gear. I really like the sp20...  Very very nice.
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December 04, 2014, 04:39:18 PM
 #9330

fourth sp20 has arrived .  I am trying higher power setting 200 watts  vs 183 each pcie

hashing at 1429 uses 840 watts at the kwatt . It is .587 watts a gh

but looks like chips get pretty warm

 bank 2 runs warm


going to just lower bank 2 settings


will drop the hot board 10 watts

I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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December 04, 2014, 04:40:41 PM
 #9331

Buy 2 devices, mine solo with the first, mine against a pool with the second.
Not everything is about ROI ...

Excellent. I'd like to buy some SP35s below cost.

Buy & Hold
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December 04, 2014, 04:49:06 PM
 #9332

lowered the watts on the one hot board from 200 to 190
temps are better




I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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December 04, 2014, 04:55:47 PM
 #9333

Buy 2 devices, mine solo with the first, mine against a pool with the second.
Not everything is about ROI ...

Excellent. I'd like to buy some SP35s below cost.

see ebay @ June 2015

 Wink

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Guy Corem
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December 04, 2014, 04:58:43 PM
 #9334

Buy 2 devices, mine solo with the first, mine against a pool with the second.
Not everything is about ROI ...

Excellent. I'd like to buy some SP35s below cost.
Out of curiosity, what's our cost ?

New Mimblewimble implementation: https://www.beam.mw
Spondoolies is back with the SPx36: https://www.spondoolies-tech.com/products/spx36
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December 04, 2014, 05:38:24 PM
 #9335

Out of curiosity, what's our cost ?

Less than $2995.

Buy & Hold
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December 04, 2014, 06:19:18 PM
 #9336

Buy 2 devices, mine solo with the first, mine against a pool with the second.
Not everything is about ROI ...

Excellent. I'd like to buy some SP35s below cost.
Out of curiosity, what's our cost ?

A few people on alibaba.com are selling sp20's below $460 in bulk with warranty.
http://www.alibaba.com/product-detail/Spondoolies-Tech-SP-20-Jackson-1_50006306935.html

so somewhere below that.
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December 04, 2014, 06:20:30 PM
 #9337

Buy 2 devices, mine solo with the first, mine against a pool with the second.
Not everything is about ROI ...

Excellent. I'd like to buy some SP35s below cost.
Out of curiosity, what's our cost ?

A few people on alibaba.com are selling sp20's below $460 in bulk with warranty.
http://www.alibaba.com/product-detail/Spondoolies-Tech-SP-20-Jackson-1_50006306935.html

so somewhere below that.

there are many dubious sellers on alibaba. if you were to send them that $460 you'll find out.

EDIT; min order is 20 units on that particular link

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December 04, 2014, 06:21:07 PM
 #9338

Out of curiosity, what's our cost ?

Less than $2995.

below $1650?

http://www.alibaba.com/product-detail/Spondoolies-Tech-sp-35-6th-s_50006307726.html
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December 04, 2014, 06:23:04 PM
 #9339



Ms. GlobeStars Teams
Department:
Marketing
Job Title:
Sales Executive
 Contact Supplier
I'm Away
Telephone:
60-1133-222737
Fax:
1-14
Address:
Lot 6098 Ground Floor Section C KCLD Jalan Tapang Kota Sentosa
Zip:
93250
Country/Region:
Malaysia
City:
Kuching

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Guy Corem
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December 04, 2014, 06:48:57 PM
 #9340

Those Alibaba links are scam.

Guy

New Mimblewimble implementation: https://www.beam.mw
Spondoolies is back with the SPx36: https://www.spondoolies-tech.com/products/spx36
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