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

[Sweminer777]

Indeed.

any good investment gotta be a risky investment.

To take advantage of your best chances you gotta make some research, calculation, comparation and alot others factors aswell.



I Count aswell in "real money" as main priority is to pay bills.

Secondary is the profit.


I always count 3x profit = is good.

2x profit = decent aswell.

1x = profit = 0 profit , as you need to pay bills, in this case electricity will consume all your income, making your profit = 0 .



Anyone who do not take risk in a market were the profit can be huge then , that market is not adecuated for that person.

[GWilkiejr]

As long as you go into it with the understanding that you are not going to make back whatever you spent on the device - not placing any value on any "fun" or learning you would derive from the purchase - go hog wild !

</curmudgeon-mode>

I don't know where you get the statement that you won't make anything back....IF mining were not profitable NO ONE would do it.  Now granted you shouldn't go into it if you pay crazy rates for power, but if your power rate is reasonable then you most certainly can make money mining.  Accounting for the diff going up at $25k per unit the SP50 would pay for itself it in less than 9 months.  Everything after that is profit.  Even if the diff shot WAY WAY up so what. Instead of taking 9 months to ROI it takes 12 months. The point is, as with any investment, you have to be patient.

[Biodom]

As long as you go into it with the understanding that you are not going to make back whatever you spent on the device - not placing any value on any "fun" or learning you would derive from the purchase - go hog wild !

</curmudgeon-mode>

I don't know where you get the statement that you won't make anything back....IF mining were not profitable NO ONE would do it.  Now granted you shouldn't go into it if you pay crazy rates for power, but if your power rate is reasonable then you most certainly can make money mining.  Accounting for the diff going up at $25k per unit the SP50 would pay for itself it in less than 9 months.  Everything after that is profit.  Even if the diff shot WAY WAY up so what. Instead of taking 9 months to ROI it takes 12 months. The point is, as with any investment, you have to be patient.

they should price it at $25K and stay there, but they won't, unless something changed with their approach to pricing.
Historically, SPT priced initial batches way high, then precipitously cut back on pricing-not a very good policy from the initial customers perspective.
You were basically penalized for buying early, which is not good-you want your enthusiasts to stay engaged.
$25K price would generate a tremendous demand, in my opinion, while pricing it at 40K-45K-much less.
we also don't know their manufacturing capabilities, maybe they cannot even manufacture enough when priced at $25K.

[Kabapka]

is the price revealed ?? 100 btc is correct ?

[Gws24]

No it isn't, just speculation.

[dogie]

No it isn't, just speculation entirely made up.

Fixed

[bgibso01]

Has anyone asked yet why the pics show 9 psu, but the specs say 10?

There are definitely 10. One is slightly obscured in the picture but its there.

I see it now.  The cord holders were blocking it.

[jstefanop]

is the price revealed ?? 100 btc is correct ?

More like 200 btc

[majestymage]

still no word on the prices?

[Dr Charles]

still no word on the prices?

nope not yet. All silent on the front

[alh]

still no word on the prices?

nope not yet. All silent on the front

Looks to me like Bitmain reduced to some extent the top possible price, since they lowered the price of Batch 2 & 3 of the S7. Spondoolies would seem to have less room to maneuver now in terms of price (IMHO).  

[p3yot33at3r]

still no word on the prices?

nope not yet. All silent on the front

Looks to me like Bitmain reduced to some extent the top possible price, since they lowered the price of Batch 2 & 3 of the S7. Spondoolies would seem to have less room to maneuver now in terms of price (IMHO).  

Yeah, but the S7 is still too expensive for a used & dusty miner.

[klondike_bar]

still no word on the prices?

nope not yet. All silent on the front

Looks to me like Bitmain reduced to some extent the top possible price, since they lowered the price of Batch 2 & 3 of the S7. Spondoolies would seem to have less room to maneuver now in terms of price (IMHO).  

this. The SP50 would need to price in the range of 120-150BTC to compete

[p3yot33at3r]

The SP50 would need to price in the range of 120-150BTC to compete

Surely you mean 80-90? 

[ninjaboon]

still no word on the prices?

nope not yet. All silent on the front

so my friend has to sign a NDA before they reveal the prices and MOQ. wow. 

[Biodom]

still no word on the prices?

nope not yet. All silent on the front

Looks to me like Bitmain reduced to some extent the top possible price, since they lowered the price of Batch 2 & 3 of the S7. Spondoolies would seem to have less room to maneuver now in terms of price (IMHO).  

this. The SP50 would need to price in the range of 120-150BTC to compete

30K max realistically, but 25K is optimal.

[dmwardjr]

still no word on the prices?

nope not yet. All silent on the front

Looks to me like Bitmain reduced to some extent the top possible price, since they lowered the price of Batch 2 & 3 of the S7. Spondoolies would seem to have less room to maneuver now in terms of price (IMHO).  

this. The SP50 would need to price in the range of 120-150BTC to compete

30K max realistically, but 25K is optimal.

If you haven't noticed, BITMAIN adjusted its pricing for batch 3 S7's in relation to the time before block halving more than the difficulty.  Batch 3 S7's are at $1,658 instead of $1,823.  Each month that passes by before the block halving apparently is affecting the price of their rigs with the price of bitcoin virtually unchanged.

So, if Spondooliestech does not want to miss the boat for selling the SP50 with optimal returns, they might want to have them up for sell relatively soon.

It will be interesting to see how the block halving affects the pricing of rigs [If at all] as it approaches.

[Biodom]

still no word on the prices?

nope not yet. All silent on the front

Looks to me like Bitmain reduced to some extent the top possible price, since they lowered the price of Batch 2 & 3 of the S7. Spondoolies would seem to have less room to maneuver now in terms of price (IMHO).  

this. The SP50 would need to price in the range of 120-150BTC to compete

30K max realistically, but 25K is optimal.

If you haven't noticed, BITMAIN adjusted its pricing for batch 3 S7's in relation to the time before block halving more than the difficulty.  Batch 3 S7's are at $1,658 instead of $1,823.  Each month that passes by before the block halving apparently is affecting the price of their rigs with the price of bitcoin virtually unchanged.

So, if Spondooliestech does not want to miss the boat for selling the SP50 with optimal returns, they might want to have them up for sell relatively soon.

It will be interesting to see how the block halving affects the pricing of rigs [If at all] as it approaches.

Read btcs news from sept 28. They had to lease their own (SPT) equipment. I am not sure about the rationale for it.
eventually, they will probably have to either borrow money or do a preorder to start producing these units in bulk.

[Mikestang]

If you haven't noticed, BITMAIN adjusted its pricing for batch 3 S7's in relation to the time before block halving more than the difficulty.  Batch 3 S7's are at $1,658 instead of $1,823.  Each month that passes by before the block halving apparently is affecting the price of their rigs with the price of bitcoin virtually unchanged.

So, if Spondooliestech does not want to miss the boat for selling the SP50 with optimal returns, they might want to have them up for sell relatively soon.

It will be interesting to see how the block halving affects the pricing of rigs [If at all] as it approaches.

Read btcs news from sept 28. They had to lease their own (SPT) equipment. I am not sure about the rationale for it.
eventually, they will probably have to either borrow money or do a preorder to start producing these units in bulk.

I don't think they plan to produce them in "bulk".  They are only selling to specific customers, I'm guessing they may build to order based on the demand from the customers they plan to sell to.  Or at least it will be a limited build quantity based on their projected sales.  I don't think they plan to have a large stock of these units sitting around for the reasons surrounding the upcoming halving.

[dogie]

still no word on the prices?

nope not yet. All silent on the front

so my friend has to sign a NDA before they reveal the prices and MOQ. wow. 

That's a pretty useless. If you tell 100 customers the price and MOQ under NDA, you can't even begin to prove which one leaked it, or if staff leaked it, or an email leaked etc etc.