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

[sidehack]

I think what Guy was talking about is franchising, so you might even not own anything.
SPT will hire a franchise to host multiple miners presumably on a revenue sharing basis plus some support contract.
Obviously, it (franchising and contracting) would make little sense for one SP100.
I don't want to put words in anybodies mouth, but this is how it sounded to me.

On the other hand, making something like a kibbutz out of it is perhaps a solid idea.
Say, a facility with 5-10 SP100 with machines paid for by five people or so.
hosting partner would be the one contacting SPT for service.
It could work, I think.

Just my opinion, but franchising instead of owning isn't something I'd be comfortable with.

I could, however, get behind (and potentially facilitate) something like the "kibbutz" with a half dozen or so machines owned by individuals.

Still rather see a <1KW relatively quiet miner for individuals. Maybe we'll have to make it ourselves.

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[RoadStress]

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.

I just came back to read this. I'm pleased by the news.

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.

I want to do another pre-order GB just for the fun of it! (also for the betting)

Group Buy.

Problem Solved.

If I arrange one will you be the first?  

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

You can never have enough PR.

Our warehouse here is ready with 1.5 MW transformer and 2 cent per kw power.

Do you work with small customers or only bulk?

[Medow]

Our warehouse here is ready with 1.5 MW transformer and 2 cent per kw power.

Do you work with small customers or only bulk?

No, we will buy in bulk for our own.

May be later we can make purchase in bulk then we ship it to our warehouse and sell it to customer like what lee do on his S5 group buy here:

https://bitcointalk.org/index.php?topic=934581.0

We are from Sudan and i don't no if the people will trust us or not.

[dmwardjr]

The following "requirements" don't require a new chip design:

"I was thinking 30 TH/s range with 16,000 watts and .51 watts per GH"

The above, except possibly for cost, can be done with roughly 30 SP20's. It can easily be donwclocked to make the .51 W/GH without trouble.

They are on the way, Sir.  Hence, my estimate on costs for this 12U/16kW rig "with" new chips.

[dmeter]

16nm overrated.  Bitfury is still squeezing out under .3 efficiency at 28nm

But by next year diff will be 100-120 billion

16 nm is not overrated,this is the laws of physics

[samsonn25]

16nm overrated.  Bitfury is still squeezing out under .3 efficiency at 28nm

But by next year diff will be 100-120 billion

16 nm is not overrated,this is the laws of physics

It does and samsung  is proving it.

What i meant is it will work for  the big boys eventually and with mass production  but not so much with asics, its costly and time consuming and i dont think it will  be here by next block halving which is what everyone is pushing  for right now. By then with the difficulty i can only see a few big players left, maybe even only 1 or 2.

[xstr8guy]

I'm seeing a lot of denial in this thread... home miners desperately clinging to hope.

[Bicknellski]

Group Buy.

Problem Solved.

If I arrange one will you be the first?  

Nope not keen on a single unit... not sure I am keen on financials of any type of mining at this point given the massive amounts of mining still being added to the network as well as the price drop. Also not keen on seen the "wealthiest" Bitcoin holders getting together to "talk" about the future of Bitcoin. I think that doesn't bode well for consumers and users of the coin. Plenty of other better investments out there besides mining.

[philipma1957]

I'm seeing a lot of denial in this thread... home miners desperately clinging to hope.

I will trim down to 1 avalon 4.1 use it as a space heater.

My max winter watt is 6500 maybe 7500  my max summer is 2000.

There will be no place for me. 

[adaseb]

Honestly unless the price of bitcoin goes substantially higher in the near future. There will be no industrial sales at all.

Reason being is that a about a year ago. You could buy a $10,000 miner, get ROI after 5 months and make a few thousands afterwards with that miner. So for industry reasons buying 50-250 miners at a time was well worth it. Especially in many underdeveloped nations where electricity and labor was cheap.

Now miners are slightly little more efficient as before, but difficulty keeps increasing, and yet price fails to increase.

The same industries are not going to pay $1000 for a miner, which will get ROI after 5 months or so just to make a few hundred dollars profit per miner.


There is a big difference in, buying a $10,000 miner, and making $5,000 with that miner after a year or use THEN buying a $1,000 miner and making $500.

Buying 10 times as much miners isn't an option because it takes up more space and uses much more power and heat.

This is just my humble opinion. Who knows what the future will bring.

[dmeter]

16nm overrated.  Bitfury is still squeezing out under .3 efficiency at 28nm

But by next year diff will be 100-120 billion

16 nm is not overrated,this is the laws of physics

It does and samsung  is proving it.

What i meant is it will work for  the big boys eventually and with mass production  but not so much with asics, its costly and time consuming and i dont think it will  be here by next block halving which is what everyone is pushing  for right now. By then with the difficulty i can only see a few big players left, maybe even only 1 or 2.

ASIC is just a general term for a microchip. CPUs-GPU are technically ASICs, but much simpler devices can be implemented on an ASIC too like bitcoin sha-256 ASIC chip.
Also all world electronic industry must go to 20-16-14-11-7 and lower nm proces or closing FAB and growing chicken in high-tech factory.also released from work couple 100-milion labor force and couple 100- milon people from service,shop,bank and closing high school for engineer . one server processor ease can work 100 year and more.without stop.Also rugged server board ease everybody can repair.

WOLFBLOOD XE ASIC and AMD 0.19 Watts per GH/s i must contact Coinbau

[s1gs3gv]

In a free market the price of bitcoin trends towards the cost of producing it.

[Biodom]

In a free market the price of bitcoin trends towards the cost of producing it.

That is only true (to an extent) if bitcoin is a true commodity, but it is clearly not ONLY a commodity.
Bitcoin is a programmable token, and you can attach services to it.

Taking your example to extreme, dollar is only worth its production cost of a few cents, but it is clearly not.

[samsonn25]

16nm overrated.  Bitfury is still squeezing out under .3 efficiency at 28nm

But by next year diff will be 100-120 billion

16 nm is not overrated,this is the laws of physics

It does and samsung  is proving it.

What i meant is it will work for  the big boys eventually and with mass production  but not so much with asics, its costly and time consuming and i dont think it will  be here by next block halving which is what everyone is pushing  for right now. By then with the difficulty i can only see a few big players left, maybe even only 1 or 2.

ASIC is just a general term for a microchip. CPUs-GPU are technically ASICs, but much simpler devices can be implemented on an ASIC too like bitcoin sha-256 ASIC chip.
Also all world electronic industry must go to 20-16-14-11-7 and lower nm proces or closing FAB and growing chicken in high-tech factory.also released from work couple 100-milion labor force and couple 100- milon people from service,shop,bank and closing high school for engineer . one server processor ease can work 100 year and more.without stop.Also rugged server board ease everybody can repair.

WOLFBLOOD XE ASIC and AMD 0.19 Watts per GH/s i must contact Coinbau

Yes, but Wolf xe  still needs more funding to pay foundries for tapeout,   ALSO and they are at only 28nm

[sololoop]

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?

Probably yes.

glad to see it may available for non bulk buyers.
220v  300A  still available in my home, it may allow 3 SP100 miner.
However, what is requirement to power up SP100 ?
single 16KW 73A unit (220V)?
3x 25A units?
or similar to SP35, come with several server psu (1500w) ?
We may need hire an electrician to re-allocate electrical circuit for the new monster.

[Epoch]

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.

Appreciated, thank you.

[s1gs3gv]

In a free market the price of bitcoin trends towards the cost of producing it.

Taking your example to extreme, dollar is only worth its production cost of few a cents, but it is clearly not.

The dollar is not produced in a free market. There is a monopoly producer who feels free to print it at will and set interest rates to suit economic policy.

[edit] and it remains to be seen whether ultimately the dollar is worth more than the paper it is printed on

[samsonn25]

In a free market the price of bitcoin trends towards the cost of producing it.

This is correct, lets take the hashrate and figure the electricity to generate it, and it will be hundreds of dollars, and including r and d, and manufacture of machines

[s1gs3gv]

In a free market the price of bitcoin trends towards the cost of producing it.

This is correct, lets take the hashrate and figure the electricity to generate it, and it will be hundreds of dollars, and including r and d, and manufacture of machines

And as mining gear becomes cheaper to manufacture and operate, bitcoin prices will continue to fall. Its a losing game except for those brief moments when there are temporary advantages to be had by, for example, being the first to adopt more efficient manufacturing (mining) technology.

Mining has become what an economist would consider analogous  to a 'utility business' like power, gas and water. Cost + 2%

[Altcoin4life]

Assuming electric costs me 10 cents per kw/h  is it faster roi to use your 15 t/h genesis cloud mining option or buy 3 sp31's.