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Author Topic: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs  (Read 1256101 times)
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Guy Corem
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February 19, 2015, 06:59:24 PM
 #11461

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 Smiley
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.

New Mimblewimble implementation: https://www.beam.mw
Spondoolies is back with the SPx36: https://www.spondoolies-tech.com/products/spx36
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February 19, 2015, 07:24:01 PM
 #11462

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 Smiley
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 Sad
Guy Corem
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February 19, 2015, 07:25:50 PM
 #11463

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

New Mimblewimble implementation: https://www.beam.mw
Spondoolies is back with the SPx36: https://www.spondoolies-tech.com/products/spx36
PatMan
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February 19, 2015, 07:47:02 PM
 #11464

centralization incoming Sad

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

"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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February 19, 2015, 07:51:44 PM
 #11465

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 Smiley
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 Sad
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.  Smiley
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February 19, 2015, 07:53:41 PM
 #11466

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 Smiley
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 Sad
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)

24" PCI-E cables with 16AWG wires and stripped ends - great for server PSU mods, best prices https://bitcointalk.org/index.php?topic=563461
No longer a wannabe - now an ASIC owner!
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February 19, 2015, 07:58:55 PM
 #11467

with 2 big miners there will be no need for these forums Grin 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 ..

CSA/cUL Certified Power Distribution Panels - Basic, Switched, Metered. 1-3 phases. Up to 600V. NMC:N4F9qvHz11BHcc4nh1LCJFsrZhA1EWgVwj
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February 19, 2015, 08:00:09 PM
 #11468

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 Smiley
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 Sad
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.
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February 19, 2015, 08:05:19 PM
 #11469

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.
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February 19, 2015, 08:10:10 PM
 #11470

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.


I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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February 19, 2015, 08:35:41 PM
 #11471

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.

New Mimblewimble implementation: https://www.beam.mw
Spondoolies is back with the SPx36: https://www.spondoolies-tech.com/products/spx36
Guy Corem
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February 19, 2015, 08:37:49 PM
 #11472

...
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.

New Mimblewimble implementation: https://www.beam.mw
Spondoolies is back with the SPx36: https://www.spondoolies-tech.com/products/spx36
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February 19, 2015, 08:42:06 PM
 #11473

The home miner can still survive if we have a cheap gears with more efficiency on retails markets.

BitFury may have access to 30 MW facility but home miners have access to more large power (United) if they found cheap gears.
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February 19, 2015, 08:55:41 PM
 #11474

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.



70$ ?

With deploying cost, manufacturing cost, chip research and first manufacture cost, maintenance cost, investors money and investors profit and some others?

Are you sure?

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February 19, 2015, 09:14:06 PM
 #11475

The home miner can still survive if we have a cheap gears with more efficiency on retails markets.

BitFury may have access to 30 MW facility but home miners have access to more large power (United) if they found cheap gears.

The home miner can indeed survive, no centralized organization can challenge the power of the people together in consensus. Thank you spondoolies for continuing to pursue this plan. I think we can be victorious in the struggle to keep Bitcoin decentralized. Smiley
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February 19, 2015, 09:23:36 PM
 #11476

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.



70$ ?

With deploying cost, manufacturing cost, chip research and first manufacture cost, maintenance cost, investors money and investors profit and some others?

Are you sure?

well power is 3.8 cents so I may be just a bit off.    but lets do 3.8 cents and .3 watts a gh at

 70 bucks and diff of 94 vs 44

 they turn a profit over operating costs
and go under op costs at diff of 129

but if they add 100ph in 2 weeks or so diff will not be 94 it will be 55.  
   and they do not go bad until the price drops out to 70 and diff of 129.


I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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February 19, 2015, 11:21:50 PM
 #11477

The home miner can still survive if we have a cheap gears with more efficiency on retails markets.

BitFury may have access to 30 MW facility but home miners have access to more large power (United) if they found cheap gears.

The home miner can indeed survive, no centralized organization can challenge the power of the people together in consensus. Thank you spondoolies for continuing to pursue this plan. I think we can be victorious in the struggle to keep Bitcoin decentralized. Smiley
Well said.

ST - I'm sure there are still retail customers interested in your 3rd gen product, I know I am!

Run a Bitcoin node, support the network.
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February 19, 2015, 11:32:43 PM
 #11478

The biggest problem for small/home miners is access to technology.  The cheaper power by the largest manufacturers/self miners are somewhat offset by the Asic  research, design,  and development, rent, and operational/maintenance costs.
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February 19, 2015, 11:33:21 PM
 #11479

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.



70$ ?

With deploying cost, manufacturing cost, chip research and first manufacture cost, maintenance cost, investors money and investors profit and some others?

Are you sure?

well power is 3.8 cents so I may be just a bit off.    but lets do 3.8 cents and .3 watts a gh at

 70 bucks and diff of 94 vs 44

 they turn a profit over operating costs
and go under op costs at diff of 129

but if they add 100ph in 2 weeks or so diff will not be 94 it will be 55.  
   and they do not go bad until the price drops out to 70 and diff of 129.



maybe i don't get something, but don't they already have a large market share?
would you rather have 30-40% market share with bitcoin at 240 vs, say, 60% with bitcoin at $70.
i just don't see the benefit for them.

re 3rd gen-I hope spondoolies does something interesting, but vibes from the main Guy here suggests otherwise, unless he is a poker player  Wink.
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February 19, 2015, 11:47:39 PM
 #11480

centralization incoming Sad

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

If everyone did, the share difficulty would be through the roof.  2,222,770,798 if I understand it right..

p2pool is not the answer.

a rewrite perhaps.  but not in its current incarnation.

M

I mine at Kano's Pool because it pays the best and is completely transparent!  Come join me!
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