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

[dmwardjr]

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.

This will be quite interesting indeed.  I'm not sure how this will work out for SPT by not revealing a price chart with varying prices based on quantity ordered.  Doing it the way they are doing it puts them in a negotiation mode with each potential buyer.  It would be considerate if they would at least tell us how many SP50's would have to be ordered to be considered a "bulk" order.

It may very well come to pass that they sell very few [If any at all] with the block halving approaching.  Potential buyers will be asked to commit to a large deposit [At a minimum] up front without knowing a ship date that's written in stone.  Anyone who orders these rigs in bulk [Paying a lot of money up front] should at least have it written in a contract for the price they negotiate to be reduced a certain percentage for each day past the projected ship date to compensate loss of revenue towards ROI before the block halving.  However, there could be a gain in revenue because no one really knows what the price of bitcoin will be by the time the blocks halve.

[padrino]

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.

All money has a cost, I suspect they have favorable terms so it provided a good opportunity for funding, no more and no less confusing than other funding options, if the terms are good it's a good move..

[klondike_bar]

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

Surely you mean 80-90? 

No way. Bitmain is selling 0.25w/gh at about 1.4btc/th.

This is 0.15w/gh and includes power supplies, but also a 'bulk priced' device, so i would expect 1.2-1.6btc/th.

That said, I'm not buying any hardware until my bitcoins are worth at least $300 again. Otherwise you will never earn back the btc you spend (like buying hardware with $100 bitcoins in mid-2013)

[dogie]

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.

Called it 7 months ago when they demanded they get a "does not use preorders" rating.

- We don't rely on pre-order for our next gen. I can't even begin to count the number of times I've said it. It's not our main business model. I even took the time to explain to you our business model for our next gen. Yet, you keep claiming that "you continue to do as your main business model". This is simply a lie and you know it.

Can you afford generation 3 without selling preorders, raising millions of $ or using 'investment' orders? Its a simple yes or no.

If you're asking if we can afford our entire gen3 planned capacity without injecting more funds via additional investment or pre-selling mining capacity to accredited investors, the answer is no.
The same goes for every other company in the space.

For the last time, since you seems to have difficulties in understanding: we'll not sell our gen3 products to consumers without proving the technology first. Afterwards, we might, but then it won't be pre-ordering. It might be selling by batches.

So tldr your current business model / situation can not support generation 3 without preordering (/ preordering under another name) or some miracle investment. Under no circumstances could those statements EVER qualify you for running a business model that can get by selling purely out of hand.

[p3yot33at3r]

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

Surely you mean 80-90? 

No way. Bitmain is selling 0.25w/gh at about 1.4btc/th.

This is 0.15w/gh and includes power supplies, but also a 'bulk priced' device, so i would expect 1.2-1.6btc/th.

That said, I'm not buying any hardware until my bitcoins are worth at least $300 again. Otherwise you will never earn back the btc you spend (like buying hardware with $100 bitcoins in mid-2013)

Agreed, especially with halving upon us - I fear the halving of profits of these large mining farms owned by asic manufacturers will try to be recouped by yet more ridiculous prices for mining gear, effectively killing the market & handing them the monopoly.

[Biodom]

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.

Called it 7 months ago when they demanded they get a "does not use preorders" rating.

- We don't rely on pre-order for our next gen. I can't even begin to count the number of times I've said it. It's not our main business model. I even took the time to explain to you our business model for our next gen. Yet, you keep claiming that "you continue to do as your main business model". This is simply a lie and you know it.

Can you afford generation 3 without selling preorders, raising millions of $ or using 'investment' orders? Its a simple yes or no.

If you're asking if we can afford our entire gen3 planned capacity without injecting more funds via additional investment or pre-selling mining capacity to accredited investors, the answer is no.
The same goes for every other company in the space.

For the last time, since you seems to have difficulties in understanding: we'll not sell our gen3 products to consumers without proving the technology first. Afterwards, we might, but then it won't be pre-ordering. It might be selling by batches.

So tldr your current business model / situation can not support generation 3 without preordering (/ preordering under another name) or some miracle investment. Under no circumstances could those statements EVER qualify you for running a business model that can get by selling purely out of hand.

The way i see it-situation might have changed or NOT.
I am simply calmly discussing what various moves mean, not passing judgment on what was said before.
Spondoolies did take good care of their customers like myself-I have nothing to complain about.
 

[alh]

Recoup is necessary with this gear; the case / psu's alone cost ~10k. 

You will NOT see a 25k SP50 anytime soon. 

Why do you think an NDA is required? If the pricing was competitive it would be public.

50k with 5 MOQ; 40k with 20 MOQ is an "estimate" for SP50 costs and MOQ.

SP40 ~11 TH in a 3U case only if USD/BTC exchange rate exceeds $300 and remains so for 1 week.

I tend to agree with much of what you posted. I am however perplexed by the "NDA for Price/Date" information. Assuming you are correct, what's the motivation? How does that help Spondoolies, or the signer of the NDA? Is this not really intended for potential customers, but perhaps investors?

This feels a bit like the SFARDS "announcement", but never answered any of relevant questions for price or date included.

[notlist3d]

Recoup is necessary with this gear; the case / psu's alone cost ~10k. 

You will NOT see a 25k SP50 anytime soon. 

Why do you think an NDA is required? If the pricing was competitive it would be public.

50k with 5 MOQ; 40k with 20 MOQ is an "estimate" for SP50 costs and MOQ.

SP40 ~11 TH in a 3U case only if USD/BTC exchange rate exceeds $300 and remains so for 1 week.

I tend to agree with much of what you posted. I am however perplexed by the "NDA for Price/Date" information. Assuming you are correct, what's the motivation? How does that help Spondoolies, or the signer of the NDA? Is this not really intended for potential customers, but perhaps investors?

This feels a bit like the SFARDS "announcement", but never answered any of relevant questions for price or date included.

Depending on what your are doing NDA's are pretty common with mining companies.  Each one want's to know the others progress, price, etc.   So if you were a big buyer and they gave you more information then is public a NDA would not surprise me at all.

So basically it helps SP keep their information secret.   The signer gets more confidential information by signing.  There are a lot of variables in NDA's though so it's hard to say on a lot about it.

[padrino]

Recoup is necessary with this gear; the case / psu's alone cost ~10k. 

You will NOT see a 25k SP50 anytime soon. 

Why do you think an NDA is required? If the pricing was competitive it would be public.

50k with 5 MOQ; 40k with 20 MOQ is an "estimate" for SP50 costs and MOQ.

SP40 ~11 TH in a 3U case only if USD/BTC exchange rate exceeds $300 and remains so for 1 week.

I tend to agree with much of what you posted. I am however perplexed by the "NDA for Price/Date" information. Assuming you are correct, what's the motivation? How does that help Spondoolies, or the signer of the NDA? Is this not really intended for potential customers, but perhaps investors?

This feels a bit like the SFARDS "announcement", but never answered any of relevant questions for price or date included.

My point is that if the SP50 pricing was competitive it would have been included in the announcement. 

This is like bluffing in poker.  If I am about to buy 22x or more S7 and then SPT says they have a superior product I will be significantly less likely to buy the S7's.  Even if I bother to contact SPT, wait for them to respond, and sign an NDA; only to finally laugh at the SP50 price: SPT has still delayed my purchase from their competitor.

My guess is that the SP50 is only really intended for internal mining, and announcing it like they did was to stall for time while they get the SP40 ready / deploy their own SP50's with less S7 hashrate resistance. 

I would be willing to pay 4k for an 11 TH SP40 if it is released soon; but my guess is it would cost ~5k so let's hope for a USD / BTC pump and maybe we will see an SP40.

Are you serious, do you work or have any experience in vertical industries, it's very common and not a read on weather it's competitive or not..

[QuintLeo]

Keeping other details under NDA isn't uncommon, but prices are NOT normally an NDA type piece of information.


 As far as those speculating on a "SP40" or similar - as I recall SPT has already said it's not happening, they've shifted to making miners for their own datacenters and large customers (or words to that effect).

[majestymage]

Keeping other details under NDA isn't uncommon, but prices are NOT normally an NDA type piece of information.


 As far as those speculating on a "SP40" or similar - as I recall SPT has already said it's not happening, they've shifted to making miners for their own datacenters and large customers (or words to that effect).

they made that statement? shit! 

[Fatman3001]

Keeping other details under NDA isn't uncommon, but prices are NOT normally an NDA type piece of information.


 As far as those speculating on a "SP40" or similar - as I recall SPT has already said it's not happening, they've shifted to making miners for their own datacenters and large customers (or words to that effect).

they made that statement? shit! 

Things change.

They will go where the money's at.

[Wallbot]

NDA are used so the people who "work" for BTCS keep quite.
Because they are a public company stock ticker " BTCS "
I am sure all the people who work at BTCS " transaction verification services" had to sign in blood.

But hell what do I know. Right padrino 

 

[notlist3d]

Keeping other details under NDA isn't uncommon, but prices are NOT normally an NDA type piece of information.


 As far as those speculating on a "SP40" or similar - as I recall SPT has already said it's not happening, they've shifted to making miners for their own datacenters and large customers (or words to that effect).

they made that statement? shit! 

Things change.

They will go where the money's at.

The large customers will come first no doubt.  But eventually if they are making rack miners again (little smaller then SP50).  I don't see a problem selling a product meant for a data center to a hobby miner (not a home miner with 110/120).   Think upgraded SP30 series.   This could have big data center clients and also if pumping out possibly hobby miners.  But that is a wish that might not happen.

As far as NDA its very common, as everyone wants to keep it secret what they have in R/D and costs, etc.  I expect all SP50 clients for a while to have NDA's on price, and chances are it varies a good bit on how many you buy.

[padrino]

NDA are used so the people who "work" for BTCS keep quite.
Because they are a public company stock ticker " BTCS "
I am sure all the people who work at BTCS " transaction verification services" had to sign in blood.

But hell what do I know. Right padrino 

 

Just caught this post, maybe not blood but something real close

I have a whole stack of NDAs, each and every one on the front page of hardware now that I think about it...  When negotiating prices, lead-time (which feeds speculation on supply chain, yield challenges, etc.), for larger customers no company is interested in having those details spread around given it's competition sensitive...

[TheRealSteve]

https://www.youtube.com/watch?v=DgHuyItPUfg
"BTCS Preparing for Spondoolies SP50 Deployment"

[dogie]

https://www.youtube.com/watch?v=DgHuyItPUfg
"BTCS Preparing for Spondoolies SP50 Deployment"

"Ready to accept SP50's, I assume they should be off the assembly line."

Well that answers some of our questions: SP50s are actively being produced, the pictures weren't renderings, queue up now for hash rate.

[jstefanop]

https://www.youtube.com/watch?v=DgHuyItPUfg
"BTCS Preparing for Spondoolies SP50 Deployment"

"Ready to accept SP50's, I assume they should be off the assembly line."

Well that answers some of our questions: SP50s are actively being produced, the pictures weren't renderings, queue up now for hash rate.

I just see a bunch of empty racks and transformers. Who knows if they are anywhere near close to production.

[IanQuinn]

Spondoolies sales are not answering our request about bulk purchase and pricing.  We would even sign an NDA if needed, but no response is worrisome.

[Searing]

Spondoolies sales are not answering our request about bulk purchase and pricing.  We would even sign an NDA if needed, but no response is worrisome.

well if they are like other data hall folk they 'announce' product to get more hype and IPO $$$ for the data hall projects...they then fill data hall first with 1st run of product
they then MAYBE sell large bulk orders to others (depending on how much is left and/or how deep in the development hole they are $$$ wise and want up front money back) or they could just decide to keep and mine all the toys like knc does

many options for them fewer for us imho (not a slam ..just saying bulk orders are probably down on the time line more then a ways