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

[Searing]

yep were i'm at ...I made more in equip depreciation applied to taxes then I paid in revenue on btc and ltc mined...it 'coincidentally' was a draw (really no tricks got a cpa and everything)
so no issues at all i'm squeaky clean with IRS according to CPA (had to file had bank issues when btc was evil ....big boo boo by bank a error called sec...so if after all this it is a break
even with what I get for equip depreciation (or better) on what I mined I'll take that as a win ..but yeah home biz get a cpa it all works out (if you wish .....or just wait till 2018
when all this stuff gets straightened out and 'viola' you had a good year should you want to report 'ahem' your virtual coin to IRS or whomever..me I was stuck ...so this is the best outcome I can pull off.

Good to hear you got it all worked out, Searing.  I plan on doing a bit better with the new rigs I have on the way.  I came out ahead on all of my previous rigs.  Not much... but ahead.  I'm itching to get my S7's in my mining closet.  Have 9 on the way and 14 more in December depending on difficulty.

yeah it is what it is....not much you can do when the bank makes an error and says (evil btc in 2013 don't ya know) you paid 99k to Sweden and it is suspicious to the SEC.I really paid for 1 knc unit at 10,131.80 ...but they took them over 10k forms you sign for overseas wire xfer way to serious ..another reason for btc imho ...heh......so
I filed because the 2013 virtural currency IRS change had come out ..amended my taxes because I figured the bank would still try to jam me up...I was correct as soon
as I showed the banker they were idiots.....they tried to jam me up saying I was not a biz..slapped down the amended by CPA tax forms as a home virtual currency biz
and made him look like an ass to the guy on the phone from the SEC

so the hand I was dealt (best not to piss off IRS under any circumstances) it all seems like it will work out ..even at these imho depressed crypto prices etc

the only outcome I could get out of all this anyway ....but a long way around to get to the same place of just eating the equip costs (no equip depreciation) and just
sit on the hoard till say 2018 when they get this whole irs/commodity or whatever fixed and then just go ..if you want to declare under 'clear' rules ...'man I had a good
year (what I would recommend to others not in my situation

But Spondoolies has treated me more then fairly ...I got a refund on a sp30 (group buy Aug. 2014) from a post here more or less saying that perhaps it was NOT my
wisest move with 2 titans on the way (2500W) and a 100 amp service....Guy contacted me w/o me bugging him about it and offered me a refund and I was pleasantly
surprised.....of course they were selling like hotcakes then .so no loss to spondoolies but I always appreciated the gesture and I know I got at least 2 (perhaps 4) folk
to get units to replace my own on the above actions by Guy and Spondoolies

but alas again at 13.5c kwh the only miner I will have soon is 2 sidehack usb sticks at 8gb and 25 bucks each ..where the ROI is a smile I will have fallen far
at that point.......

anyway maybe they will make a 5 or 10k us home miner for the heck of it ..probably could ..hoping people would buy and fill up the remaining slots of such a beast..
but unless I win the lottery or something and need some toys....btc mining ended in Feb 2014 and likely my scrypt miner efforts will end around Feb 2015..
then I'll just sit on my hoard and brood about daily price madness on btc and ltc and hope like the rest of us it does not go tulips/beanie baby/etc

(good to have goals...that is gonna suck thou no miners argh!)

(again youtube video will be available to guy and spondoolies if they send me an sp50 and you can watch it melt my 100 amp service...it would get a million hits
for sure)

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[Biodom]

btc mining ended in Feb 2014 and likely my scrypt miner efforts will end around Feb 2015..
then I'll just sit on my hoard and brood about daily price madness on btc and ltc and hope like the rest of us it does not go tulips/beanie baby/etc

well, the way i see it, if I just buy and hold bitcoin, I get absolutely nothing from this as far as experiences or future memories are concerned.
if bitcoin becomes a pile of digital dust (hopefully, not), then at least you can remember those days, while if you simply buy it and it goes down, then it's just another bad investment. So, I will try to use something for mining and/or learning, maybe a fancy stick, or a needlessly criticized "bitcoin computer" or something else entirely.

[bgibso01]

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

[Xian01]

well, the way i see it, if I just buy and hold bitcoin, I get absolutely nothing from this as far as experiences or future memories are concerned.

Let us hope your future memories are not plagued with people pointing out the financial folly with respect to rationalizing such purchases.

if bitcoin becomes a pile of digital dust (hopefully, not), then at least you can remember those days

... where you bought low, hodl'd, and sold a fraction of a Bitcoin at some future date at way more than you could have imagined.

So, I will try to use something for mining and/or learning, maybe a fancy stick, or a needlessly criticized "bitcoin computer" or something else entirely.

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>

[dogie]

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.

[Biodom]

well, the way i see it, if I just buy and hold bitcoin, I get absolutely nothing from this as far as experiences or future memories are concerned.

Let us hope your future memories are not plagued with people pointing out the financial folly with respect to rationalizing such purchases.

if bitcoin becomes a pile of digital dust (hopefully, not), then at least you can remember those days

... where you bought low, hodl'd, and sold a fraction of a Bitcoin at some future date at way more than you could have imagined.

So, I will try to use something for mining and/or learning, maybe a fancy stick, or a needlessly criticized "bitcoin computer" or something else entirely.

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>

gosh, someone is grumpy on a weekend...
I have seen many investments turn to an absolute manure, but you have to be in risky investments to have a good return, as you know.
I am quite enjoying my S7 so far, and did enjoy Sp20 tremendously, but I could never host SP30 at home-had to do hosting.
regarding "making some"-it largely depends on a timeframe and on whether you count in BTC or in $$. I always count starting in $$, not BTC, it makes everything simpler.

[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.

[fullzero]

There have been many times in the past when mining was not profitable.

[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