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

[sidehack]

You might be thinking of the WASP project, and yeah those guys wasted all their time and resources on endless administrative meetings while one engineer blew all the money on an unmanufacturable prototype. Something like that.

[Dabs]

You might be thinking of the WASP project, and yeah those guys wasted all their time and resources on endless administrative meetings while one engineer blew all the money on an unmanufacturable prototype. Something like that.

I was part of the previous group who had some of the same members, the USB stick miner that used some chip, I forgot already, did a group buy for Asia. It was blue something. Blue Fury? And then ... well, it got messy after that. The stick miners did work, 2~3 GHS per stick, but there was no second run. I didn't think WASP would fare any better.

Here, found it: https://bitcointalk.org/index.php?topic=296953.0

Sadly, I didn't keep any for myself.

I heard you did stick miners too, maybe you got a new one? Seems I'm late for these things already. I had an SP20 but gave it away to a friend.

[sidehack]

Yeah, I designed a stick. Building some right now, actually, to ship out to a couple resellers early next week. The next version is with the driver guy right now.

[CjMapope]

kinda off topic but funny how things go


http://www.coindesk.com/kncminer-declares-bankruptcy-cites-upcoming-bitcoin-subsidy-halving/

[RoadStress]

What we really need for decentralization is something like the 21 inc computer. Something that can be set to plug-and-forget, not something that you use daily and that is prone to damage if you run it for 24/7 for 1-2 straight years.

You're describing an ASIC. Or at least something like what Spondoolies used to make.

Are you still upset about not receiving a demo miner for free? If it's not that then what's your reason for going this route? Because you can't really compare a GPU, which has all the above enumerated downsides, with what 21 inc does (low footprint, low energy, less money than a full PC+GPU, with more blockchain capabilities and so on).


Is it me or is everyone stuck on the war against ASICs which clearly impairs their ability to think clearly about the good and bad points? (like in the blocksize debate)

ASICS and ASIC creators have basically destroyed home mining and you guys want to go to bat for them, sounds like a sucker for punishment or battered spouse syndrome thing is going on here.

GPU farms are bad but Scummy asic companies are 10 times worse if you don't get that check out all the threads of folks ripped off and STILL being ripped off by these clowns.

Home mining just took a paus and it will be possible again with the help of 21 Inc or with something similar. Home mining shouldn't be about being required to have a full PC in order to mine with GPUs or have high-grade mining rigs. Home mining should be like having a router! Then everyone will embrace it and we will have our long waited decentralization. Patience and optimism is required!

The problem is centralization.  See https://bitcointalk.org/index.php?topic=1319681.0

While it's not desirable in the long run I think we are fine for the moment. There are good and bad points to this centralization. Let's not forget the hundreds of bitcoins that were sent back by the miners for the high fee transactions. If we had the mining decentralized I don't think that would've happened. And let's be honest. Do you see any pool or any manufacturer going crazy and trying to rape us all at this point? Do you really think that Bitfury will do it? Or BITMAIN? I don't see that possible to be honest and that's very assuring for me. If you won't believe it then it's your problem, but it's not matching the reality. Just like in my above comment you need patience and optimism instead of this apocalyptic and unrealistic view.

[fanatic26]

Home mining just took a paus and it will be possible again with the help of 21 Inc or with something similar. Home mining shouldn't be about being required to have a full PC in order to mine with GPUs or have high-grade mining rigs. Home mining should be like having a router! Then everyone will embrace it and we will have our long waited decentralization. Patience and optimism is required!

I am not sure you understand 21 Incs business model. It has nothing to do with mining other than to use them as a token for microtransactions. They have zero skin in the actual mining game....

[Unacceptable]

kinda off topic but funny how things go


http://www.coindesk.com/kncminer-declares-bankruptcy-cites-upcoming-bitcoin-subsidy-halving/

Well,2 down,3 to go    Good riddance to KnC .!.. Sam Cole!!! 

[tmfp]

kinda off topic but funny how things go


http://www.coindesk.com/kncminer-declares-bankruptcy-cites-upcoming-bitcoin-subsidy-halving/

Well,2 down,3 to go    Good riddance to KnC .!.. Sam Cole!!! 

Bitmain, BW, Bitfury or Canaan, who's next then?

[scyth3]

All the malinvestment from the last Bitcoin bubble is being flushed out.

[RoadStress]

Home mining just took a paus and it will be possible again with the help of 21 Inc or with something similar. Home mining shouldn't be about being required to have a full PC in order to mine with GPUs or have high-grade mining rigs. Home mining should be like having a router! Then everyone will embrace it and we will have our long waited decentralization. Patience and optimism is required!

I am not sure you understand 21 Incs business model. It has nothing to do with mining other than to use them as a token for microtransactions. They have zero skin in the actual mining game....

I don't think you understood my point. The 21 Inc computer is a small, low power device with a low footprint that actually CAN be run in every household, not like the GPUs.

[aerobatic]

kinda off topic but funny how things go
http://www.coindesk.com/kncminer-declares-bankruptcy-cites-upcoming-bitcoin-subsidy-halving/

Well,2 down,3 to go    Good riddance to KnC .!.. Sam Cole!!! 

dont write them off.  doubt they're gone.  more likely, just restructuring, cutting cost, regrouping... and under administration they can do major things like getting rid of investors/contracts they don't like, etc.  they will be back in a leaner and more competitive form.  too much invested to write it off, imho

[iCEBREAKER]

You might be thinking of the WASP project, and yeah those guys wasted all their time and resources on endless administrative meetings while one engineer blew all the money on an unmanufacturable prototype. Something like that.

The WASP project was such a giant, unfunny joke.  Bitchnellski felt so fucking entitled to free chips, simply because he appointed himself as the Leader of some hopelessly harebrained Community^® Project.  Typical Free Shit Army tactics.

Bitchnellski never forgave the ASIC companies for not gifting him material others had paid dearly (and waited) for.

[Dabs]

Are you still upset about not receiving a demo miner for free? If it's not that then what's your reason for going this route? Because you can't really compare a GPU, which has all the above enumerated downsides, with what 21 inc does (low footprint, low energy, less money than a full PC+GPU, with more blockchain capabilities and so on).

I did get a demo miner for free. It was the SP20. https://bitcointalk.org/index.php?topic=897151.0

Unless you were talking about the bigger one like the SP35 (were those being given away too?) If so, then I'm jealous but I'm not upset.  


Now, all-in-one consumer grade routers aren't very good. The ones that have the modem, the router, the 4-port switch and wireless access point all built in to one unit. Most of them perform below what you would get if you separated them into different physical devices. If you get one of these and stick in a bitcoin mining chip, guaranteed that device will fail and the owner or user will complain, and it won't be about the mining.

What's the hashrate of that 21 bitcoin computer? How much does that cost? Why will I buy it?

I do believe, we need some sort of mining thing, chip, or even a stand-alone unit, low energy, and a good enough hashrate and have these pushed to a million people.

That, or an affordable ASIC = meaning something below $1000 USD, and mines 1THs or something like that. So more individual people buy them.

You will still have a few rich dudes who will stuff a thousand of these into large warehouses with low or free power. And the arms race continues into smaller and faster chips.


Maybe I'm missing your point if that's not the issue. I'm not against ASICs, and you can't stop them.

*edit* well, the Bitmain S7 is now less than $500, more than 4.5 THs, so ... yeah, the point is even the mini-miners have to keep up.

[iCEBREAKER]

Are you still upset about not receiving a demo miner for free? If it's not that then what's your reason for going this route? Because you can't really compare a GPU, which has all the above enumerated downsides, with what 21 inc does (low footprint, low energy, less money than a full PC+GPU, with more blockchain capabilities and so on).

I did get a demo miner for free. It was the SP20. https://bitcointalk.org/index.php?topic=897151.0

lol rekt  

Here is RoadStress admitting he's an evil piece of shit:

Supporting scamming/failed companies that promise unrealistic things makes you an evil shit!

How about everyone that has supported a scammer/failed business pays a competitive fee for posting on this forum? I would definitely vote for that!

RoadStress supported ScamDoolies, a scamming/failed company that promised unrealistic things.

So he is an evil shit.  And should have to pay to post on this forum.  QED.  

[fanatic26]

You guys use the word scam so often and in the wrong context most all of the time.

Its like half this forums active users just run around screaming scam at everything they dont like, its ridiculous.

[dogie]

kinda off topic but funny how things go
http://www.coindesk.com/kncminer-declares-bankruptcy-cites-upcoming-bitcoin-subsidy-halving/

Well,2 down,3 to go    Good riddance to KnC .!.. Sam Cole!!! 

dont write them off.  doubt they're gone.  more likely, just restructuring, cutting cost, regrouping... and under administration they can do major things like getting rid of investors/contracts they don't like, etc.  they will be back in a leaner and more competitive form.  too much invested to write it off, imho

It looked like they were voluntarily winding up, not restructuring. Its a way of closing the doors while everyone can still get paid and walk away happy.

[mjosephs]

That's what the Cryptonote protocol's cryptonight PoW does.

https://en.wikipedia.org/wiki/CryptoNote#Egalitarian_proof_of_work

It uses the AES-NI acceleration built into modern CPUs

Er, that's actually a fairly minor part of what makes CryptoNight (the CryptoNote PoW) unique.

CryptoNight is actually one of the most sophisticated memory-hard algorithms out there, for reasons I think few people (Claymore excepted) appreciate at this stage.  Every memory-hard algorithm needs at least a small compute-hard kernel (e.g. Ethash's use of FNV), and it was smart for CryptoNight to choose AES-NI, but that's really just a clever twist compared to the overall design of the PoW.  If you've tried writing an ATI/AMD GPU miner for CryptoNight you'll begin to see why it's so unusual.

In particular,

Unless you have better fabs than Intel and AMD, you can't (economically) built an ASIC with superior specs.

This is just plain not true.  Even a fairly ancient FPGA can do at least hundreds of times as many AES operations per second or per watt as the best Intel CPU, since the Intel CPUs have just one AES circuit per core (and you can't power down the rest of the chip and use only that circuit).  It's also not important to CryptoNight -- the work of CryptoNight is in the memory accesses; the AES operation is just there to "daisy-chain" the accesses together into an artifact proving that you burned some memory bandwidth.

[mjosephs]

All the malinvestment from the last Bitcoin bubble is being flushed out.

About time.  When I stop hearing the word BLOCKCHAIN all the time I'll know we're done with that phase.

[mjosephs]

The overwhelming portion of the hashrate being Chinese pools is another problem heavily related to corporate greed.

Actually it's heavily related to Chinese Capital Controls.

[s1gs3gv]

Is it me or is everyone stuck on the war against ASICs which clearly impairs their ability to think clearly

Right on, RoadStress.