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

[dogie]

From latest SEC filing. Predicting $60M revenue for 2016 and generally SP50s in Q1 2016 as long as they can raise more money. I'd be very surprised if this filing wasn't specifically so they can provide the information to more potential investors.

[1715125664]

1715125664

[1715125664]

1715125664

[notlist3d]

From latest SEC filing. Predicting $60M revenue for 2016 and generally SP50s in Q1 2016 as long as they can raise more money. I'd be very surprised if this filing wasn't specifically so they can provide the information to more potential investors.

Thanks for sharing was a interesting read.  I'm surprised in Q1 only 500 SP50 is assumed.  Does not sound like a ton of miners but I guess they are massive in hashrate.

Will be interesting to see how correct they are on the number SP50's during Q1. I really want to see their having expectations.  That is the other numbers I want to see what the big companies assume.

[generalt]

From latest SEC filing. Predicting $60M revenue for 2016 and generally SP50s in Q1 2016 as long as they can raise more money. I'd be very surprised if this filing wasn't specifically so they can provide the information to more potential investors.

I'd be thrilled to see only a 6% monthly network difficulty increase.

[dogie]

From latest SEC filing. Predicting $60M revenue for 2016 and generally SP50s in Q1 2016 as long as they can raise more money. I'd be very surprised if this filing wasn't specifically so they can provide the information to more potential investors.

Thanks for sharing was a interesting read.  I'm surprised in Q1 only 500 SP50 is assumed.  Does not sound like a ton of miners but I guess they are massive in hashrate.

Will be interesting to see how correct they are on the number SP50's during Q1. I really want to see their having expectations.  That is the other numbers I want to see what the big companies assume.

It could be interpreted in a few ways but my interpretation is:

• Building 500 SP50s Q1 @ 10k cost each = need $5m funding
• Selling 500 SP50s Q1 = $14.6m = $29.2k each after any sales taxes
• Later on in the year.... deploying 500 SP50s = another $14.6m+ revenue
• Final $14.4m revenue from selling another 500 units.
• $18M costs for the year, $15m from unit and amortised chip costs, $3m fixed costs.

So from these numbers it appears that even if they could raise $5M, they're only predicting to make 1,500 SP50s over the year (165PH).

[Tupsu]

Thanks for sharing was a interesting read.  I'm surprised in Q1 only 500 SP50 is assumed.  Does not sound like a ton of miners but I guess they are massive in hashrate.

Will be interesting to see how correct they are on the number SP50's during Q1. I really want to see their having expectations.  That is the other numbers I want to see what the big companies assume.

500 x SP50 = 11 320 x S7 (maximum)

My already shipped 23  x S7 are today more than 1 x Sp50  
Three months earlier than Q1

[generalt]

500 x SP50 = 11 320 x S7 (maximum)

My already shipped 23  x S7 are today more than 1 x Sp50  
Three months earlier than Q1

It sounds like to me they have a little way to go to secure funding to even start making these units so I'm guessing late Q1 so even more like four to six months.

[notlist3d]

Thanks for sharing was a interesting read.  I'm surprised in Q1 only 500 SP50 is assumed.  Does not sound like a ton of miners but I guess they are massive in hashrate.

Will be interesting to see how correct they are on the number SP50's during Q1. I really want to see their having expectations.  That is the other numbers I want to see what the big companies assume.

500 x SP50 = 11 320 x S7 (maximum)

My already shipped 23  x S7 are today more than 1 x Sp50  
Three months earlier than Q1

You have a big advantage on time frame.  Only thing is once this is released if on spec it's "0.14 W/GHs".    That would be a significant amount of power savings

So really depends on when they ship which we don't really know.  Q1 leaves them quite a bit of time in crypto world.

[helipotte]

Curious, has anyone updated cgminer on their SP20E to another version besides 4.7.0 that's in the 2.6.14 firmware?

Interested in this as well.  Installed 2.6.4 on an sp31, no change to cgminer.

[padrino]

Thanks for sharing was a interesting read.  I'm surprised in Q1 only 500 SP50 is assumed.  Does not sound like a ton of miners but I guess they are massive in hashrate.

Will be interesting to see how correct they are on the number SP50's during Q1. I really want to see their having expectations.  That is the other numbers I want to see what the big companies assume.

500 x SP50 = 11 320 x S7 (maximum)

My already shipped 23  x S7 are today more than 1 x Sp50  
Three months earlier than Q1

This is a weak point no matter when it's made since we can play that same game from the days of GPU mining, the Jupiter, S1, on and on...

[generalt]

Curious, has anyone updated cgminer on their SP20E to another version besides 4.7.0 that's in the 2.6.14 firmware?

Interested in this as well.  Installed 2.6.4 on an sp31, no change to cgminer.

If you change the ExtraFlag setting to 2 for extranone and restart it switches over to cgminer 4.8.0 if that helps at all.

[dystopian]

Curious, has anyone updated cgminer on their SP20E to another version besides 4.7.0 that's in the 2.6.14 firmware?

Interested in this as well.  Installed 2.6.4 on an sp31, no change to cgminer.

If you change the ExtraFlag setting to 2 for extranone and restart it switches over to cgminer 4.8.0 if that helps at all.

Thanks for the tip, worked for me!

[Kabapka]

From latest SEC filing. Predicting $60M revenue for 2016 and generally SP50s in Q1 2016 as long as they can raise more money. I'd be very surprised if this filing wasn't specifically so they can provide the information to more potential investors.

Thanks for sharing was a interesting read.  I'm surprised in Q1 only 500 SP50 is assumed.  Does not sound like a ton of miners but I guess they are massive in hashrate.

Will be interesting to see how correct they are on the number SP50's during Q1. I really want to see their having expectations.  That is the other numbers I want to see what the big companies assume.

It could be interpreted in a few ways but my interpretation is:

• Building 500 SP50s Q1 @ 10k cost each = need $5m funding
• Selling 500 SP50s Q1 = $14.6m = $29.2k each after any sales taxes
• Later on in the year.... deploying 500 SP50s = another $14.6m+ revenue
• Final $14.4m revenue from selling another 500 units.
• $18M costs for the year, $15m from unit and amortised chip costs, $3m fixed costs.

So from these numbers it appears that even if they could raise $5M, they're only predicting to make 1,500 SP50s over the year (165PH).

is the 29k$ price just a speculation of your's or it has been publicly released ?

[dogie]

From latest SEC filing. Predicting $60M revenue for 2016 and generally SP50s in Q1 2016 as long as they can raise more money. I'd be very surprised if this filing wasn't specifically so they can provide the information to more potential investors.

Thanks for sharing was a interesting read.  I'm surprised in Q1 only 500 SP50 is assumed.  Does not sound like a ton of miners but I guess they are massive in hashrate.

Will be interesting to see how correct they are on the number SP50's during Q1. I really want to see their having expectations.  That is the other numbers I want to see what the big companies assume.

It could be interpreted in a few ways but my interpretation is:

• Building 500 SP50s Q1 @ 10k cost each = need $5m funding
• Selling 500 SP50s Q1 = $14.6m = $29.2k each after any sales taxes
• Later on in the year.... deploying 500 SP50s = another $14.6m+ revenue
• Final $14.4m revenue from selling another 500 units.
• $18M costs for the year, $15m from unit and amortised chip costs, $3m fixed costs.

So from these numbers it appears that even if they could raise $5M, they're only predicting to make 1,500 SP50s over the year (165PH).

is the 29k$ price just a speculation of your's or it has been publicly released ?

Speculation based on their slides, the other 'leak' suggested a higher price.

[Kabapka]

From latest SEC filing. Predicting $60M revenue for 2016 and generally SP50s in Q1 2016 as long as they can raise more money. I'd be very surprised if this filing wasn't specifically so they can provide the information to more potential investors.

Thanks for sharing was a interesting read.  I'm surprised in Q1 only 500 SP50 is assumed.  Does not sound like a ton of miners but I guess they are massive in hashrate.

Will be interesting to see how correct they are on the number SP50's during Q1. I really want to see their having expectations.  That is the other numbers I want to see what the big companies assume.

It could be interpreted in a few ways but my interpretation is:

• Building 500 SP50s Q1 @ 10k cost each = need $5m funding
• Selling 500 SP50s Q1 = $14.6m = $29.2k each after any sales taxes
• Later on in the year.... deploying 500 SP50s = another $14.6m+ revenue
• Final $14.4m revenue from selling another 500 units.
• $18M costs for the year, $15m from unit and amortised chip costs, $3m fixed costs.

So from these numbers it appears that even if they could raise $5M, they're only predicting to make 1,500 SP50s over the year (165PH).

is the 29k$ price just a speculation of your's or it has been publicly released ?

Speculation based on their slides, the other 'leak' suggested a higher price.

yeah its likely to get in the market after the halving , but still 100 btc price is quite ROiable

[fullzero]

Even though these are overpriced;

I can't deny wanting a death star class miner. 

[mavericklm]

Beginning upgrade null. Please wait, this can take up to 1 minute.

Guys, please!!!

[Biodom]

Even though these are overpriced;

I can't deny wanting a death star class miner. 

what do you think KIC 8462852 is? 
and you can't have it...

[dunand]

what do you think KIC 8462852 is?  
and you can't have it...

Builting a giant mining farm that far from earth is useless. Even if you have the power to solve a block in a fraction of a second the signal takes 2960 light years to go there and return.

[Biodom]

what do you think KIC 8462852 is?  
and you can't have it...

Builting a giant mining farm that far from earth is useless. Even if you have the power to solve a block in a fraction of a second the signal takes 2960 light years to go there and return.

they are not mining bitcoin, of course, but kiccoin or e-gold-pressed latinum (KIC8462852 local currency)
that's obvious  

[Fatman3001]

what do you think KIC 8462852 is?  
and you can't have it...

Builting a giant mining farm that far from earth is useless. Even if you have the power to solve a block in a fraction of a second the signal takes 2960 light years to go there and return.

Just pick an ISP who has cracked the code on quantum entangled particles.