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Author Topic: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs  (Read 1256242 times)
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samsonn25
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February 23, 2015, 01:40:14 AM
 #11561

I completely agree with you.

Its a tough business, and no one has lasted selling retail machines.  Only Bitmain, but I think their strategy was to mine with them for a bit then sell to marketplace before they become obsolete and then they are stuck with a ton of depreciating inventory.

Bitfury and KNC are now manufacturers and miners with their own proprietary technology (cant really blame them they spent millions on r and d).  Spondoolies I can see why it is easier to sell in batches of 100, 500, 1000 and just concentrate on wholesale rather than take the risk of inventory or the hassle of customer servce for retail units.  I applaud them though with coming out with a breakthrough product at a time when other makers were selling only promises.

Access to the technology is the key barrier for the retail miner, as ASCIS are specialized.  I miss the days of cpu and gpu mining when everyone had a chance to get a highend intel or amd cpu or high end gpu from amd or nvidia.    Even the large farms had the exact same equipment, just more of them.  Pretty level playing field back then.
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February 23, 2015, 02:09:59 AM
 #11562

Kind of sad there's not going to be much of an available market for home miners.  I'm lucky enough that I can run 10 or 12 boxes without issue.
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February 23, 2015, 02:22:36 AM
 #11563

Spondoolies, can you provide an approximate power versus hashrate graph (or table) for the SP35? This will help in optimizing net profit for these units based on local electricity rates.
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February 23, 2015, 03:16:20 AM
 #11564

Spondoolies, can you provide an approximate power versus hashrate graph (or table) for the SP35? This will help in optimizing net profit for these units based on local electricity rates.
I've asked one of our engineer to produce such graphs, but I stated that it's low priority. It will take him few days.

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 23, 2015, 03:21:28 AM
 #11565

How is everyone missing the main point when Spondoolies says that the next gen is not for home use?   Huh

They will NOT be retailing single units. They will likely only sell large batches to industrial mining operations... just like KNC and Bitfury. There are many reasons why they would want to do this and I'm sure most of us have heard them all before.
I didn't say that. I said that our first form factor is suitable for large scale deployment. If there will be home mining market, we'll have other offerings.
We do intend to offer the best rates cloud mining with Genesis Mining.

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 23, 2015, 03:24:02 AM
 #11566

How is everyone missing the main point when Spondoolies says that the next gen is not for home use?   Huh

They will NOT be retailing single units. They will likely only sell large batches to industrial mining operations... just like KNC and Bitfury. There are many reasons why they would want to do this and I'm sure most of us have heard them all before.
I didn't say that. I said that our first form factor is for large scale deployment. If there will be home mining market, we'll have other offerings.
We do intend to offer the best rates cloud mining with Genesis Mining.

oh well--   the end.

While you are mentioning this to us I appreciate  the advance notice.  I now await your deployment of it.  Good luck with your efforts.


I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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February 23, 2015, 03:27:12 AM
 #11567

How is everyone missing the main point when Spondoolies says that the next gen is not for home use?   Huh

They will NOT be retailing single units. They will likely only sell large batches to industrial mining operations... just like KNC and Bitfury. There are many reasons why they would want to do this and I'm sure most of us have heard them all before.
I didn't say that. I said that our first form factor is for large scale deployment. If there will be home mining market, we'll have other offerings.
We do intend to offer the best rates cloud mining with Genesis Mining.

oh well--   the end.

While you are mentioning this to us I appreciate  the advance notice.  I now await your deployment of it.  Good luck with your efforts.


Our business model for the 3rd gen will be based on JVs with local experienced operators with access to low cost electricity.
Similar in a way to MBP franchise program.

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 23, 2015, 03:28:07 AM
 #11568

I said that our first form factor is suitable for large scale deployment.

I'm looking forward to seeing your next gen products.

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February 23, 2015, 03:35:10 AM
 #11569

You make it sound like it will be a 7 foot 60kw tower :p

While the average person might have 100 amp service and could maybe spare half of that,  some others may have 200 amp service, half of that is about 24kw at 100% load.
12U, 16kw, 10 replaceable hashing boards.

I could rock that at home or in my garage, lol.
Than again I'm an electrician with 200amp home service... Wink

Pricing yet? preorders? ETA Cheesy


We won't take pre-orders until the technology will be proven. Afterwards, we might, depending on the market and our funding situation. I find it very unlikely.

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 23, 2015, 03:39:37 AM
 #11570

I would have thought up the same modular way, as this saves on the exterior, multiple small fans, and controllers and MB.  Bitfury, and ASM have been doing it for awhile, they probably have custom Unit-sizes in house that the public does not know about, in their mines.
Beside BMT upgrade kits, I'm not aware of any other company that successfully reused the chassis, PSUs, fans and controller.
I know that BitFury planed for it but they're currently moving towards immersion cooling in their DCs, so they seem to discard the idea.
In addition, BitFury raspberry pi controller didn't have spare capacity to handle the increase in job creation rate.

We intend to allow quick upgrade between our 3rd and future gens.
We'll probably manufacture the hashing boards closer to the packaging house and ship them by air, while the chassis will be shipped by sea or be manufactured closer to the deployment locations.

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 23, 2015, 04:07:01 AM
 #11571

How is everyone missing the main point when Spondoolies says that the next gen is not for home use?   Huh

They will NOT be retailing single units. They will likely only sell large batches to industrial mining operations... just like KNC and Bitfury. There are many reasons why they would want to do this and I'm sure most of us have heard them all before.
I didn't say that. I said that our first form factor is suitable for large scale deployment. If there will be home mining market, we'll have other offerings.
We do intend to offer the best rates cloud mining with Genesis Mining.
I'm hoping you will make a 3rd gen product with the SP3x form factor.

Run a Bitcoin node, support the network.
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February 23, 2015, 04:12:48 AM
 #11572

How is everyone missing the main point when Spondoolies says that the next gen is not for home use?   Huh

They will NOT be retailing single units. They will likely only sell large batches to industrial mining operations... just like KNC and Bitfury. There are many reasons why they would want to do this and I'm sure most of us have heard them all before.
I didn't say that. I said that our first form factor is suitable for large scale deployment. If there will be home mining market, we'll have other offerings.
We do intend to offer the best rates cloud mining with Genesis Mining.
I'm hoping you will make a 3rd gen product with the SP3x form factor.

I have 1 socket I can change from 120 to 240 volts.  It is a 3 foot run from my panel .  So I can easily do this.

I can run 12 sp20e's  at 600 watts or a total of 7200 watts. 

 So if I have 1 sp100 I can wire a 30amp fuse and supply  5600 watts to the sp100.  after that I would be pressed.

So if a newer 4000-6000 watt miner does come out I will be sure to be ready for it. 

I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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February 23, 2015, 04:42:18 AM
 #11573

How is everyone missing the main point when Spondoolies says that the next gen is not for home use?   Huh

They will NOT be retailing single units. They will likely only sell large batches to industrial mining operations... just like KNC and Bitfury. There are many reasons why they would want to do this and I'm sure most of us have heard them all before.
I didn't say that. I said that our first form factor is suitable for large scale deployment. If there will be home mining market, we'll have other offerings.
We do intend to offer the best rates cloud mining with Genesis Mining.
I'm hoping you will make a 3rd gen product with the SP3x form factor.

I have 1 socket I can change from 120 to 240 volts.  It is a 3 foot run from my panel .  So I can easily do this.

I can run 12 sp20e's  at 600 watts or a total of 7200 watts.  

 So if I have 1 sp100 I can wire a 30amp fuse and supply  5600 watts to the sp100.  after that I would be pressed.

So if a newer 4000-6000 watt miner does come out I will be sure to be ready for it.  

somewhere on this thread Guy said that it will be 16000w.
Maybe you are talking about the "consumer" version of that one?
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February 23, 2015, 04:48:41 AM
 #11574

12U, 16kw, 10 replaceable hashing boards.
IMHO, if you came out with something like 4U/5Kw/3 or 4 board version in the 20-25TH range you'd make a killing.  I think that would still keep the home miner in the game as basically anyone with 5 SP20's running today should/would be able to convert over to this. As with the SP30/31/35 the rack mount form factor would be great for those of us in a datacenter setting.
I would absolutely buy one of your third generation units at a 4U form factor, i can not imagine it costing you that much more to release both form factors simultaneously. Since if you did released it to industrial miners first they would have the advantage of the new ASIC technology before the home miners giving the industrial miners more of an advantage. Releasing both form factors simultaneously however would create a more level playing field. You would also gain even more respect then you already have amongst the Bitcoin community. Furthermore in the long run this might even be the most profitable strategy for spoondoolies, since what is good for Bitcoin is also good for spondoolies. that is one of the beautiful things about Bitcoin, it is supposed to align incentives towards good. Smiley
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February 23, 2015, 04:49:26 AM
 #11575

How is everyone missing the main point when Spondoolies says that the next gen is not for home use?   Huh

They will NOT be retailing single units. They will likely only sell large batches to industrial mining operations... just like KNC and Bitfury. There are many reasons why they would want to do this and I'm sure most of us have heard them all before.
I didn't say that. I said that our first form factor is suitable for large scale deployment. If there will be home mining market, we'll have other offerings.
We do intend to offer the best rates cloud mining with Genesis Mining.

Only bulk sales? I don't want to dive in on a whole batch of 30 on my own. I don't have the cash for that.  
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February 23, 2015, 05:29:28 AM
 #11576

How is everyone missing the main point when Spondoolies says that the next gen is not for home use?   Huh

They will NOT be retailing single units. They will likely only sell large batches to industrial mining operations... just like KNC and Bitfury. There are many reasons why they would want to do this and I'm sure most of us have heard them all before.
I didn't say that. I said that our first form factor is suitable for large scale deployment. If there will be home mining market, we'll have other offerings.
We do intend to offer the best rates cloud mining with Genesis Mining.

Only bulk sales? I don't want to dive in on a whole batch of 30 on my own. I don't have the cash for that.  
We'll sell to anyone interested in buying our equipment. I believe that our initial form factor won't be suitable for non bulk buyers.
90%-95% of our revenues came from bulk purchases, this is why we're targeting the initial form factor towards bulk buyers.

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 23, 2015, 05:31:46 AM
 #11577

12U, 16kw, 10 replaceable hashing boards.
IMHO, if you came out with something like 4U/5Kw/3 or 4 board version in the 20-25TH range you'd make a killing.  I think that would still keep the home miner in the game as basically anyone with 5 SP20's running today should/would be able to convert over to this. As with the SP30/31/35 the rack mount form factor would be great for those of us in a datacenter setting.
I would absolutely buy one of your third generation units at a 4U form factor, i can not imagine it costing you that much more to release both form factors simultaneously. Since if you did released it to industrial miners first they would have the advantage of the new ASIC technology before the home miners giving the industrial miners more of an advantage. Releasing both form factors simultaneously however would create a more level playing field. You would also gain even more respect then you already have amongst the Bitcoin community. Furthermore in the long run this might even be the most profitable strategy for spoondoolies, since what is good for Bitcoin is also good for spondoolies. that is one of the beautiful things about Bitcoin, it is supposed to align incentives towards good. Smiley
Launching two product lines simultaneously isn't feasible. As with our previous gens, we'll be open to sell our ASICs.
The 3 months lead time on the ASICs kill most of those deals.

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 23, 2015, 05:36:39 AM
 #11578

How is everyone missing the main point when Spondoolies says that the next gen is not for home use?   Huh

They will NOT be retailing single units. They will likely only sell large batches to industrial mining operations... just like KNC and Bitfury. There are many reasons why they would want to do this and I'm sure most of us have heard them all before.
I didn't say that. I said that our first form factor is suitable for large scale deployment. If there will be home mining market, we'll have other offerings.
We do intend to offer the best rates cloud mining with Genesis Mining.

Only bulk sales? I don't want to dive in on a whole batch of 30 on my own. I don't have the cash for that.  

Group Buy.

Problem Solved.

Dogie trust abuse, spam, bullying, conspiracy posts & insults to forum members. Ask the mods or admins to move Dogie's spam or off topic stalking posts to the link above.
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February 23, 2015, 05:38:34 AM
 #11579

How is everyone missing the main point when Spondoolies says that the next gen is not for home use?   Huh

They will NOT be retailing single units. They will likely only sell large batches to industrial mining operations... just like KNC and Bitfury. There are many reasons why they would want to do this and I'm sure most of us have heard them all before.
I didn't say that. I said that our first form factor is suitable for large scale deployment. If there will be home mining market, we'll have other offerings.
We do intend to offer the best rates cloud mining with Genesis Mining.

Only bulk sales? I don't want to dive in on a whole batch of 30 on my own. I don't have the cash for that.  

Group Buy.

Problem Solved.
The group buys were nice PR, not a real commercial success.

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 23, 2015, 05:45:10 AM
 #11580

We'll sell to anyone interested in buying our equipment. I believe that our initial form factor won't be suitable for non bulk buyers.
90%-95% of our revenues came from bulk purchases, this is why we're targeting the initial form factor towards bulk buyers.

Will you still make them available for non bulk buyers?

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