[ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs

[wpgdeez]

BitmainTech and most probably 21e6 and BitFury are deploying.

Spondoolies to follow?

Not with our 2nd gen. Time will tell if there will be retail market for the 3rd gen.

Are you basically saying as of now Spondoolies is out of the race and now it's between the private entity 21e6 and Bitmain?

[Dr Charles]

^^ I hope not. I was looking forward to a gen3

[TheRealSteve]

Not with our 2nd gen. Time will tell if there will be retail market for the 3rd gen.

Are you basically saying as of now Spondoolies is out of the race and now it's between the private entity 21e6 and Bitmain?

Clarified SP-Tech's reply a bit for you.  You've already seen the Spondoolies / Genesis bit and their own earlier hosted options.  Those could, arguably, be seen as non-retail.  I wouldn't count Spondoolies out just yet

[Guy Corem]

BitmainTech and most probably 21e6 and BitFury are deploying.

Spondoolies to follow?

Not with our 2nd gen. Time will tell if there will be retail market for the 3rd gen.

Are you basically saying as of now Spondoolies is out of the race and now it's between the private entity 21e6 and Bitmain?

Not at all. I just said that we're currently not deploying our 2nd gen. We're only selling it. At current rate, the stock will be sold out in few weeks (already sold out on the SP35).
With our 3rd gen, if there will be a retail market, we'll continue to sell. The entire industry however is going towards mega scale self mining. See my post about BitFury few pages back.

[Guy Corem]

Not with our 2nd gen. Time will tell if there will be retail market for the 3rd gen.

Are you basically saying as of now Spondoolies is out of the race and now it's between the private entity 21e6 and Bitmain?

Clarified SP-Tech's reply a bit for you.  You've already seen the Spondoolies / Genesis bit and their own earlier hosted options.  Those could, arguably, be seen as non-retail.  I wouldn't count Spondoolies out just yet

To clarify: With Genesis Mining, we ship them SP31 to fulfil the contracts, only after they actually sold the contracts. They're buffering with their own SHA256 machines until our miners arrives.
There are three markets: retail, bulk and self mine. Currently, we're doing only the first two.

[klondike_bar]

Not with our 2nd gen. Time will tell if there will be retail market for the 3rd gen.

Are you basically saying as of now Spondoolies is out of the race and now it's between the private entity 21e6 and Bitmain?

Clarified SP-Tech's reply a bit for you.  You've already seen the Spondoolies / Genesis bit and their own earlier hosted options.  Those could, arguably, be seen as non-retail.  I wouldn't count Spondoolies out just yet

To clarify: With Genesis Mining, we ship them SP31 to fulfil the contracts, only after they actually sell the contracts. They're buffering with their own SHA256 machines until our miners arrives.
There are three markets: retail, bulk and self mine. Currently, we're doing only the first two.

hopefully you stick with retail, or at least "nano/mini-farm" packages. I want some next gen stuff but definitely dont have 50k+ do be doing bulk orders

[Guy Corem]

What screws fit the holes on the top and bottom of the SP20, I was wanting to secure them on install.

Thank You

FH, 4-40X3/16, 100d, Zinc St, Philips

[quakefiend420]

Not with our 2nd gen. Time will tell if there will be retail market for the 3rd gen.

Are you basically saying as of now Spondoolies is out of the race and now it's between the private entity 21e6 and Bitmain?

Clarified SP-Tech's reply a bit for you.  You've already seen the Spondoolies / Genesis bit and their own earlier hosted options.  Those could, arguably, be seen as non-retail.  I wouldn't count Spondoolies out just yet

To clarify: With Genesis Mining, we ship them SP31 to fulfil the contracts, only after they actually sell the contracts. They're buffering with their own SHA256 machines until our miners arrives.
There are three markets: retail, bulk and self mine. Currently, we're doing only the first two.

I think the community would appreciate you sticking to that.  Manufacturers mining with their own gear while it's new and most profitable and then selling to end users once they've taken the lion's share of the prime lifespan is getting old.

[Guy Corem]

Not with our 2nd gen. Time will tell if there will be retail market for the 3rd gen.

Are you basically saying as of now Spondoolies is out of the race and now it's between the private entity 21e6 and Bitmain?

Clarified SP-Tech's reply a bit for you.  You've already seen the Spondoolies / Genesis bit and their own earlier hosted options.  Those could, arguably, be seen as non-retail.  I wouldn't count Spondoolies out just yet

To clarify: With Genesis Mining, we ship them SP31 to fulfil the contracts, only after they actually sell the contracts. They're buffering with their own SHA256 machines until our miners arrives.
There are three markets: retail, bulk and self mine. Currently, we're doing only the first two.

I think the community would appreciate you sticking to that.  Manufacturers mining with their own gear while it's new and most profitable and then selling to end users once they've taken the lion's share of the prime lifespan is getting old.

We'll try. Unfortunately, I believe we'll see 3-4 mining conglomerates doing self mining with their own ASICs of about 95% of the blocks in 6-12 months.
I don't think it will be good for Bitcoin.

[bigblind]

Not with our 2nd gen. Time will tell if there will be retail market for the 3rd gen.

Are you basically saying as of now Spondoolies is out of the race and now it's between the private entity 21e6 and Bitmain?

Clarified SP-Tech's reply a bit for you.  You've already seen the Spondoolies / Genesis bit and their own earlier hosted options.  Those could, arguably, be seen as non-retail.  I wouldn't count Spondoolies out just yet

To clarify: With Genesis Mining, we ship them SP31 to fulfil the contracts, only after they actually sell the contracts. They're buffering with their own SHA256 machines until our miners arrives.
There are three markets: retail, bulk and self mine. Currently, we're doing only the first two.

I think the community would appreciate you sticking to that.  Manufacturers mining with their own gear while it's new and most profitable and then selling to end users once they've taken the lion's share of the prime lifespan is getting old.

We'll try. Unfortunately, I believe we'll see 3-4 mining conglomerates doing self mining with their own ASICs of about 95% of the blocks in 6-12 months.
I don't think it will be good for Bitcoin.

centralization incoming

[Guy Corem]

Not with our 2nd gen. Time will tell if there will be retail market for the 3rd gen.

Are you basically saying as of now Spondoolies is out of the race and now it's between the private entity 21e6 and Bitmain?

Clarified SP-Tech's reply a bit for you.  You've already seen the Spondoolies / Genesis bit and their own earlier hosted options.  Those could, arguably, be seen as non-retail.  I wouldn't count Spondoolies out just yet

To clarify: With Genesis Mining, we ship them SP31 to fulfil the contracts, only after they actually sell the contracts. They're buffering with their own SHA256 machines until our miners arrives.
There are three markets: retail, bulk and self mine. Currently, we're doing only the first two.

I think the community would appreciate you sticking to that.  Manufacturers mining with their own gear while it's new and most profitable and then selling to end users once they've taken the lion's share of the prime lifespan is getting old.

We'll try. Unfortunately, I believe we'll see 3-4 mining conglomerates doing self mining with their own ASICs of about 95% of the blocks in 6-12 months.
I don't think it will be good for Bitcoin.

centralization incoming

Yes. Initially 3-4. Afterwards probably only 1-2

[PatMan]

centralization incoming

If only everyone used p2pool.......

[kendog77]

Not with our 2nd gen. Time will tell if there will be retail market for the 3rd gen.

Are you basically saying as of now Spondoolies is out of the race and now it's between the private entity 21e6 and Bitmain?

Clarified SP-Tech's reply a bit for you.  You've already seen the Spondoolies / Genesis bit and their own earlier hosted options.  Those could, arguably, be seen as non-retail.  I wouldn't count Spondoolies out just yet

To clarify: With Genesis Mining, we ship them SP31 to fulfil the contracts, only after they actually sell the contracts. They're buffering with their own SHA256 machines until our miners arrives.
There are three markets: retail, bulk and self mine. Currently, we're doing only the first two.

I think the community would appreciate you sticking to that.  Manufacturers mining with their own gear while it's new and most profitable and then selling to end users once they've taken the lion's share of the prime lifespan is getting old.

We'll try. Unfortunately, I believe we'll see 3-4 mining conglomerates doing self mining with their own ASICs of about 95% of the blocks in 6-12 months.
I don't think it will be good for Bitcoin.

centralization incoming

Yes. Initially 3-4. Afterwards probably only 1-2

I really hope Spondoolies sells gen3 hardware to the retail market. Barring a bitcoin price meltdown, I plan on loading up on gen3 hardware and running it as long as it covers the cost of electricity.

I think the biggest thing depressing retail mining hardware sales right now is the bitcoin bear market. Hopefully things will turn around in 2015 and we'll see a nice bitcoin bull market. 

[klondike_bar]

Not with our 2nd gen. Time will tell if there will be retail market for the 3rd gen.

Are you basically saying as of now Spondoolies is out of the race and now it's between the private entity 21e6 and Bitmain?

Clarified SP-Tech's reply a bit for you.  You've already seen the Spondoolies / Genesis bit and their own earlier hosted options.  Those could, arguably, be seen as non-retail.  I wouldn't count Spondoolies out just yet

To clarify: With Genesis Mining, we ship them SP31 to fulfil the contracts, only after they actually sell the contracts. They're buffering with their own SHA256 machines until our miners arrives.
There are three markets: retail, bulk and self mine. Currently, we're doing only the first two.

I think the community would appreciate you sticking to that.  Manufacturers mining with their own gear while it's new and most profitable and then selling to end users once they've taken the lion's share of the prime lifespan is getting old.

We'll try. Unfortunately, I believe we'll see 3-4 mining conglomerates doing self mining with their own ASICs of about 95% of the blocks in 6-12 months.
I don't think it will be good for Bitcoin.

centralization incoming

Yes. Initially 3-4. Afterwards probably only 1-2

hard to say. I think eventually 50-60% of the hashrate could come from 2-3 major groups (21e6, bitfury, etc), 20-30% from a few dozen smaller groups (various chinese groups and other individuals running 1MW+ facilities), and the remainder from home miners who have cheap or free power.

the retail market should stay strong though - you likely make 20-30% more per machine sold in single units/small batches compared to bulk customers (who will likely create thier own resale market)

[wh00per]

with 2 big miners there will be no need for these forums Hope you all sell your bitcoins with profit before we reach that point. And don't forget to pay the taxes .. it was nice knowing you all ..

[VeritasSapere]

Not with our 2nd gen. Time will tell if there will be retail market for the 3rd gen.

Are you basically saying as of now Spondoolies is out of the race and now it's between the private entity 21e6 and Bitmain?

Clarified SP-Tech's reply a bit for you.  You've already seen the Spondoolies / Genesis bit and their own earlier hosted options.  Those could, arguably, be seen as non-retail.  I wouldn't count Spondoolies out just yet

To clarify: With Genesis Mining, we ship them SP31 to fulfil the contracts, only after they actually sell the contracts. They're buffering with their own SHA256 machines until our miners arrives.
There are three markets: retail, bulk and self mine. Currently, we're doing only the first two.

I think the community would appreciate you sticking to that.  Manufacturers mining with their own gear while it's new and most profitable and then selling to end users once they've taken the lion's share of the prime lifespan is getting old.

We'll try. Unfortunately, I believe we'll see 3-4 mining conglomerates doing self mining with their own ASICs of about 95% of the blocks in 6-12 months.
I don't think it will be good for Bitcoin.

centralization incoming

Yes. Initially 3-4. Afterwards probably only 1-2

I was hoping that spondoolies might be able to help avoid such a scenario from taking place. There needs to be mining manufactures that are able to sell to the masses and not just to the large mining conglomerates. Since if your hardware is as good as the other manufactures and if the small miner does have relatively cheap electricity, then small home miners could compete with the larger mining conglomerates since their overheads would be lower. Furthermore if most of the other mining manufactures are just self mining, then it could still be very profitable for spondoolies to sell picks and shovels for everyone. So please spondoolies help keep Bitcoin decentralized and continue empowering people by enabling us to take part in securing the Bitcoin network.

[kendog77]

2014 was a pretty brutal year for miners and mining hardware manufacturers since the price of bitcoin declined from ~$800 to ~$300. That is pretty much a worst case scenario and caused a lot of pain.

[philipma1957]

here is the problem as I see it. if bitfury can run 50-100ph at 2 cents a kwatt and .2 watts a gh.

 they turn a profit at under 70 bucks a btc.

in fact if they run 100 ph and it uses 30 mega watts they still make money.
even if btc is  70 dollars a coin and diff is 100 vs the 44 is it now.

[Guy Corem]

here is the problem as I see it. if bitfury can run 50-100ph at 2 cents a kwatt and .2 watts a gh.

 they turn a profit at under 70 bucks a btc.

in fact if they run 100 ph and it uses 30 mega watts they still make money.
even if btc is  70 dollars a coin and diff is 100 vs the 44 is it now.

BitFury are at 3.8 cents, but the example hold.

[Guy Corem]

...
I was hoping that spondoolies might be able to help avoid such a scenario from taking place. There needs to be mining manufactures that are able to sell to the masses ...

We're trying. That's the plan.