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

[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

[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.

[Ski72]

I've been mining with SP Tech equipment since the SP10 rolled out.  Though BTCS/Spondoolies best get the SP50's fired up soon to ever be profitable against the competition.

 "BitFury derives sustainable advantage through its custom-made application-specific integrated circuits (ASICs), optimized to achieve the lowest power consumption coupled with the highest processing metrics – the parameters that drive mining margins. BitFury successfully delivered several prior generations of silicon and has a roadmap to at least double performance-per-watt every 6-12 months."

from http://news.3m.com/press-release/company/3m-novec-7100-fluid-used-worlds-largest-two-phase-immersion-cooling-project

It makes me wonder what the mining industry will look like over the next ten years.  How "decentralized" will it truly be?

[RoadStress]

I've been mining with SP Tech equipment since the SP10 rolled out.  Though BTCS/Spondoolies best get the SP50's fired up soon to ever be profitable against the competition.

 "BitFury derives sustainable advantage through its custom-made application-specific integrated circuits (ASICs), optimized to achieve the lowest power consumption coupled with the highest processing metrics – the parameters that drive mining margins. BitFury successfully delivered several prior generations of silicon and has a roadmap to at least double performance-per-watt every 6-12 months."

from http://news.3m.com/press-release/company/3m-novec-7100-fluid-used-worlds-largest-two-phase-immersion-cooling-project

It makes me wonder what the mining industry will look like over the next ten years.  How "decentralized" will it truly be?

I was thinking the same thing today! Georgia holds a big percentage of the network right now. This is centralization, not the fact that there are 6k nodes. We need to focus on the important things!

[dogie]

I was thinking the same thing today! Georgia holds a big percentage of the network right now. This is centralization, not the fact that there are 6k nodes. We need to focus on the important things!

Its not easy to run a node when it gets DDOSed within the hour.

[quakefiend420]

I was thinking the same thing today! Georgia holds a big percentage of the network right now. This is centralization, not the fact that there are 6k nodes. We need to focus on the important things!

Its not easy to run a node when it gets DDOSed within the hour.

Mine has been up and chugging along for ages on a home internet connection(200/15), and it's XT too, which seems to get the brunt of the DDoS attacks lately.

[Wallbot]

I've been mining with SP Tech equipment since the SP10 rolled out.  Though BTCS/Spondoolies best get the SP50's fired up soon to ever be profitable against the competition.

 "BitFury derives sustainable advantage through its custom-made application-specific integrated circuits (ASICs), optimized to achieve the lowest power consumption coupled with the highest processing metrics – the parameters that drive mining margins. BitFury successfully delivered several prior generations of silicon and has a roadmap to at least double performance-per-watt every 6-12 months."

from http://news.3m.com/press-release/company/3m-novec-7100-fluid-used-worlds-largest-two-phase-immersion-cooling-project

It makes me wonder what the mining industry will look like over the next ten years.  How "decentralized" will it truly be?

First off about Bitfury.

Let me get my waders on... Ok  They said awhile ago they are building a 100 M Watt Datacenter... http://www.bitcoinvox.com/article/1901/bitfury-invests-%24100m-in-a-data-center

To the normal person this sounds Good and makes them look Great. Problem is 100 M/watt is not that Easy to come by. Plus you are talking Lots and Lots of work on a scale that is Huge.
The power Company does not give you a 220v outlet you just plug up too. It is broken down by transforms Lots of them. The Wire by itself is Insane. Now on the Cooling - two-phase-immersion.
Waste of money.

On the SP50 Notice this http://www.spondoolies-tech.com/products/sp50  replaceable boards for quick maintenance and easy upgrade. Hint on the Word. Replaceable.


Bitfury says " has a roadmap to at least double performance-per-watt every 6-12 months " O'Rly  and " custom-made application-specific integrated circuits (ASICs) " check out https://www.youtube.com/watch?v=aVPhFnkBImA   custom-made or do they fabless house. Again maybe a 1/2 and 1/2 but Full Custom every 6 - 12 months. Now onto  " double performance " So now Bitfury is saying they have a R&D as Intel has.
By the time Tape out is done on Gen 1 90 day they are working on Gen 2 and Tape out Another 90 Days That is 6 months How many PCB boards are they going to make and It is all Custom ASIC. + Custom PCB
Just a FYI here is how a ASIC/CPU is made https://www.youtube.com/watch?v=-GQmtITMdas

FYI Intel at one time spent 4 Billion on R&D that was in 2003. Intel R&D now let's just say is 1/2 that 2 Billion and the I7 has been around now for how long...




   
   

[Biodom]

SP40 8Th is released! (Or not, since there is nothing on the website)


EDIT: don't order, it is a scam
their website says spondoolies-lech instead of spondoolies-tech

wow, it was on reddit.

[pj40]

SP40 8Th is released! (Or not, since there is nothing on the website)

http://miningreport.net/Spondoolies-releases-its-newest-bitcoin-miner-The-8TH-Watson-SP40/

0.28w/Gh/s sligthly less than S7 but pretty much similar
2200 W
four fans
two PSU (I assume included)

EDIT: wait a minute, maybe hoax as there is NOTHING on the website.

Ah I was going to say no it's not a hoax from the links in the article...

http://www.spondoolies-lech.com/products/sp40-watson-power-shipping-from-stock.html

Really shady that they changed the 't' to a 'l' to get suckers to give them their money.

So yes, looks like a hoax! 

[HerbPean]

Indeed Pure fake check the web site

[Dr Charles]

Indeed Pure fake check the web site

wow that's real sneaky lol I got so excited for a second I was about to place an order without even looking.

[Biodom]

Indeed Pure fake check the web site

wow that's real sneaky lol I got so excited for a second I was about to place an order without even looking.

me too, but i logged into real site and saw nothing

[Guy Corem]

SCAM ALERT - There is no such product as an SP40!
Pay extra caution and look our for incorrect URLs

[vortexz]

too bad.
We want a SP20 succesor ! when can we see one ?
We don't need/afford SP50 !