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

[alh]

I want to drop one of these in my basement, if anything just because I can.. My wife would get a kick out of that fan noise

I hope your wife is a weight lifter. Maybe she can help you carry it down the stairs. It must weigh in excess of 100 pounds.

 

[Prelude]

I want to drop one of these in my basement, if anything just because I can.. My wife would get a kick out of that fan noise

I hope your wife is a weight lifter. Maybe she can help you carry it down the stairs. It must weigh in excess of 100 pounds.

 

100 pounds? LOL! I'd guess there's close to 100 pounds of PSUs, let alone the rest of the beast. I'm going to guess 500lbs.

Free SP50 for the closest guess, Spondoolies? 

[alh]

sidehack needs to get some of these chips.. 137GH stick miner chip would be nuts.. prob not even possible with USB power

While I probably shouldn't speak for sidehack, I'd be stunned if he was interested at all. I think you can expect the PickAxe ASIC to be a high wattage, BGA monster compared to the Bitmain chips he worked with. We'll need more details, but I think it's safe to say it wouldn't be USB powered.

[larry12]

The end of home miners is coming.....




ps : SP20 was announced as 1.7TH/s, i have more than 40pcs and no one is working stable over 1.45-1.5Th/s (maybe if u operate them in -10C will be working fine  ) so i dont trust Spondoolies Tech’s specification before i see them by myself.

[alh]

I wonder if Spondoolies expects the SP50 to dismantled a bit as part of installation? It would be obvious to remove the power supplies before installing it. I wonder if they expect the blades to be removed and only the chassis to get installed in a rack.

All interesting questions to be answered. As with most other folks I can only hope they eventually make a small ASIC count "home miner" using the PickAxe. That might be a lot to wish for.

Congratulations on producing the largest miner known to man.....

[Xian01]

The rubicon has been crossed.

RIP profitable hobbyist mining on 120V circuits.

[J4bberwock]

I want to drop one of these in my basement, if anything just because I can.. My wife would get a kick out of that fan noise

I hope your wife is a weight lifter. Maybe she can help you carry it down the stairs. It must weigh in excess of 100 pounds.

 

100 pounds? LOL! I'd guess there's close to 100 pounds of PSUs, let alone the rest of the beast. I'm going to guess 500lbs.

Free SP50 for the closest guess, Spondoolies? 

High density PSUs are usually in the 2lbs (1.1kg) per kW.
So you can expect 40-45lbs of PSUs alone. But they are probably easy to remove if you want something lighter to lift.

[Biodom]

The rubicon has been crossed.

RIP profitable hobbyist mining on 120V circuits.

almost...spt just announced, the machine is not available yet AFAIK.

[Mikestang]

RIP profitable hobbyist mining on 120V circuits.

The ROI math using assumed pricing for these beasts doesn't even make them seem that profitable for large-scale mining.  I don't think any of the current gen hardware will ROI before the halving less than a year away.

It's an impressive machine, but coming on the heels of the S5+ and S7 I don't like the trend of "bigger bigger bigger" in both physical footprint and electricity demand.

I wonder where we'll be a year from now, 12.5 btc block rewards and 100 billion network diff...

[J4bberwock]

sidehack needs to get some of these chips.. 137GH stick miner chip would be nuts.. prob not even possible with USB power

While I probably shouldn't speak for sidehack, I'd be stunned if he was interested at all. I think you can expect the PickAxe ASIC to be a high wattage, BGA monster compared to the Bitmain chips he worked with. We'll need more details, but I think it's safe to say it wouldn't be USB powered.

140gh, 0.16J/GH, 24w, per chip, so it won't work as USB powered.

[dmwardjr]

RIP profitable hobbyist mining on 120V circuits.

The ROI math using assumed pricing for these beasts doesn't even make them seem that profitable for large-scale mining.  I don't think any of the current gen hardware will ROI before the halving less than a year away.

It's an impressive machine, but coming on the heels of the S5+ and S7 I don't like the trend of "bigger bigger bigger" in both physical footprint and electricity demand.

I wonder where we'll be a year from now, 12.5 btc block rewards and 100 billion network diff...

I anticipate a BIG boost in bitcoin price by the halving.  We can expect the climb to begin by March/April 2016.  Buy BTC cheap now while you still can.  

Here's a great thread to follow regarding bitcoin price and speculation:  https://bitcointalk.org/index.php?topic=274613.3820;topicseen

[notlist3d]

sidehack needs to get some of these chips.. 137GH stick miner chip would be nuts.. prob not even possible with USB power

While I probably shouldn't speak for sidehack, I'd be stunned if he was interested at all. I think you can expect the PickAxe ASIC to be a high wattage, BGA monster compared to the Bitmain chips he worked with. We'll need more details, but I think it's safe to say it wouldn't be USB powered.

140gh, 0.16J/GH, 24w, per chip, so it won't work as USB powered.

Technically you could power the chip from a PSU and still use USB to control it.  Think of like a U3 or something where gets it's power externally not from usb but is still controlled by usb.  But I doubt they are interested in selling chips at first.

I think they will be using all of them with this monster of a machine.  But I could be wrong.

[Wallbot]

Well from the scope of things I seen about BTCS look here at YouTube. https://www.youtube.com/watch?v=AWGXSgkIXOc

That does not look like a home breaker...  Looks like all we can do now is buy BTCS stock anyone know a good broker?

[Biodom]

RIP profitable hobbyist mining on 120V circuits.

The ROI math using assumed pricing for these beasts doesn't even make them seem that profitable for large-scale mining.  I don't think any of the current gen hardware will ROI before the halving less than a year away.

It's an impressive machine, but coming on the heels of the S5+ and S7 I don't like the trend of "bigger bigger bigger" in both physical footprint and electricity demand.

I wonder where we'll be a year from now, 12.5 btc block rewards and 100 billion network diff...

I anticipate a BIG boost in bitcoin price by the halving.  We can expect the climb to begin by March/April 2016.  Buy BTC cheap now while you still can.  

Here's a great thread to follow regarding bitcoin price and speculation:  https://bitcointalk.org/index.php?topic=274613.3820;topicseen

I looked at the numbers...if it is 44k for miner, you could do much better by simply buying $1260/wk  worth of BTC between now and July.
$1260 is the amount of income that SP50 produces in a week right now considering 8.5c electricity.
By July 2016 you would have spent $44K and have all of that bitcoin vs being ~minus 8K at current BTC prices and have no bitcoin (with ~200-205 total bitcoin produced, then sold). If bitcoin abruptly goes to $600 on April 30 without much change beforehand (just as an example) and stay there afterwards, you would be able to accumulate about 191 BTC (~165 before april 30 and ~26 until July 30) vs IN THE BEST case producing almost the same amount of btc and using at least 50% (if not 100%) to pay for miner and electricity. therefore, slowly buying BTC (if you think that it will increase in april-may) is a better strategy.

Check my numbers and prove that i am wrong, but sometimes the best strategy is not to play.

[dogie]

I want to drop one of these in my basement, if anything just because I can.. My wife would get a kick out of that fan noise

I hope your wife is a weight lifter. Maybe she can help you carry it down the stairs. It must weigh in excess of 100 pounds.

100 pounds? LOL! I'd guess there's close to 100 pounds of PSUs, let alone the rest of the beast. I'm going to guess 500lbs. Free SP50 for the closest guess, Spondoolies? 

High density PSUs are usually in the 2lbs (1.1kg) per kW.
So you can expect 40-45lbs of PSUs alone. But they are probably easy to remove if you want something lighter to lift.

The SP35's PSUs are listed as 1kg maximum = 22lbs of PSUS.

The DS1600SPE-3 series weight is 2.2 lbs / 1 kg maximum.

[majestymage]

let the war prices begin now again!!!!!!

[grn]

"Spondoolies is shifting away from mass consumer sales to align itself with BTCS, offering the first batch of the SP50 servers to only a handful of select customers."

"BTCS and Spondoolies plan to host the SP50 in BTCS' North Carolina facility, as well as at other low cost facilities."

[majestymage]

i really hope they will make a smaller product for us, the homeminers. anyway i'm glad they are'nt out of the game...amaizing beast

[Marvell1]

RIP profitable hobbyist mining on 120V circuits.

The ROI math using assumed pricing for these beasts doesn't even make them seem that profitable for large-scale mining.  I don't think any of the current gen hardware will ROI before the halving less than a year away.

It's an impressive machine, but coming on the heels of the S5+ and S7 I don't like the trend of "bigger bigger bigger" in both physical footprint and electricity demand.

I wonder where we'll be a year from now, 12.5 btc block rewards and 100 billion network diff...

I anticipate a BIG boost in bitcoin price by the halving.  We can expect the climb to begin by March/April 2016.  Buy BTC cheap now while you still can.  

Here's a great thread to follow regarding bitcoin price and speculation:  https://bitcointalk.org/index.php?topic=274613.3820;topicseen

I looked at the numbers...if it is 44k for miner, you could do much better by simply buying $1260/wk  worth of BTC between now and July.
$1260 is the amount of income that SP50 produces in a week right now considering 8.5c electricity.
By July 2016 you would have spent $44K and have all of that bitcoin vs being ~minus 8K at current BTC prices and have no bitcoin (with ~200-205 total bitcoin produced, then sold). If bitcoin abruptly goes to $600 on April 30 without much change beforehand (just as an example) and stay there afterwards, you would be able to accumulate about 191 BTC (~165 before april 30 and ~26 until July 30) vs IN THE BEST case producing almost the same amount of btc and using at least 50% (if not 100%) to pay for miner and electricity. therefore, slowly buying BTC (if you think that it will increase in april-may) is a better strategy.

Check my numbers and prove that i am wrong, but sometimes the best strategy is not to play.

@Biodome

yeah those are some great numbers to be honest you brought me back to reality.  Lets be real here , with the block halving less than a year away at current prices BTC is really cheap if you really look at it at $230 usd.

There is no doubt there will be a nice run up into the halving similar to what happened to LTC and it could start early next year a month or two before the halving potential gains could be really nice vs being tied to a huge piece of hardware that cost you $44k  

I think im setting up a weekly auto buy of around $500 usd on BTC at these current prices and I will let it ride rather than buy into this new hardware dream.  

Don't get me wrong if the sp50 comes in at a $20-30k price point for a huge group buy this equation changes drastically and hardware would be the way to go.

[AmityGames]

Q: Now, what kind of company announces an amazing product but does not suggest a price for it?

A: A company who is uncertain of demand and price points

IMHO, Spondoolies has a small number of working prototypes of the SP50 and is trying to figure out how to gear up for production. They may have just barely enough demand from their hosting/merger partners to get production off the ground, and are naturally looking for ways to milk the wider market beyond at the highest price it can bear (with optimists leading the way of course).

This is marginally better than KnC, who's been stuffing every ASIC at hand in their Swedish facility guarded by buxom blondes with machine guns

Technically, I trust Spondoolies to deliver. I have looked at the guts and firmware of all their machines extensively. As an EECS myself, I think their implementation is indeed best in class (better than Bitmain and KNC). One suggestion - do not affix the heatsinks with an epoxy bead (a la SP20).

Economically, I would not pay much more than 1.0-1.2 BTC per TH for ANY new miner. At present BTC rates, this puts the economically feasible price for the SP50 around $25,000 per unit.

Pay more than that, and you are unlikely to see any ROI - which is kinda the point of the whole thing if you are a professional operator with access to low cost electricity.
 
Everything comes down to price, price, price...