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

[crowetic]

A great time for PoC (and release of PoC2 in a matter of a month) to take over as preferred PoW style of mining. Requires almost no power, and keeps decentralization as it is most efficiently mined with drives that people already own. The consumer grade hardware will forever be king of BURST and PoC algorithm. Come along to the future of PoW style mining, and check out the way crypto was meant to be.

https://bitcointalk.org/index.php?topic=1323657

I did a quick read on that. Some people have 200 TB of storage already. I'm sure some data center will eventually house a huge chunk of that network, I think 7000 TB is the current size.

I can't imagine how to run this as a home miner, I mean, I could get 32 TB of HDD maybe. Or someone makes a USB hub thing that accepts ... well, there are 49 port hubs, with 8 TB per port, you could get 400 TB on one "server".

I can't wait for Samsung to drop their prices on that 16 TB SSD. But then I'd probably use it for "real" stuff, not as PoC mining.

Right, but the difference is, a data center can't just pick it up and go with it, unless they want to completely shut down their operations and move to mining BURST only, because you must fill your space with hashpower, therefore you must DEDICATE yourself to the process.

People, with large amounts of space, are the ones who believe in the algo, and the coin, and our team. They are dedicated to the process. Data centers wouldn't risk shutting down their entire operation for a mining farm, I highly doubt it.

yes, there would be the few that decide to make huge farms, but the fact is, that since the power usage is basically null, anyone can mine, and will just because they can, takes no specialized setup, and takes no effort, and you get some sort of payout, no matter how small it ends up.

There are many people who love mining, and will go all out, but there are the people available to setup small amounts of free space for fun, not damaging hardware, and using what they currently have just to say they're helping secure the network.

Also, has none of the issues that PoS has, won't even go there. Using the same amount of power for a truly advanced PoW style of mining.

I truly think this is the way things stay more decentralized.

Also, it costs much less to setup 'big farms', so there will be more, and the people running them don't have to be super specialized or setup warehouses just for it, a garage with normal power circuit is perfectly fine, and can run a pretty massive amount of 5w/drive miners.

Not to mention the ability to mine on ultra low powered devices could bring in the people with fully off grid systems who could never mine traditional algorithms with GPUs or ASICS.

Then, the resale value is another plus, storage hardware is always able to be sold at good prices. You decide you're done, you sell off your stuff with a solid return and retire happily.

my 2 sats.

[klondike_bar]

A great time for PoC (and release of PoC2 in a matter of a month) to take over as preferred PoW style of mining. Requires almost no power, and keeps decentralization as it is most efficiently mined with drives that people already own. The consumer grade hardware will forever be king of BURST and PoC algorithm. Come along to the future of PoW style mining, and check out the way crypto was meant to be.

https://bitcointalk.org/index.php?topic=1323657

I did a quick read on that. Some people have 200 TB of storage already. I'm sure some data center will eventually house a huge chunk of that network, I think 7000 TB is the current size.

I can't imagine how to run this as a home miner, I mean, I could get 32 TB of HDD maybe. Or someone makes a USB hub thing that accepts ... well, there are 49 port hubs, with 8 TB per port, you could get 400 TB on one "server".

I can't wait for Samsung to drop their prices on that 16 TB SSD. But then I'd probably use it for "real" stuff, not as PoC mining.

Right, but the difference is, a data center can't just pick it up and go with it, unless they want to completely shut down their operations and move to mining BURST only, because you must fill your space with hashpower, therefore you must DEDICATE yourself to the process.

People, with large amounts of space, are the ones who believe in the algo, and the coin, and our team. They are dedicated to the process. Data centers wouldn't risk shutting down their entire operation for a mining farm, I highly doubt it.

yes, there would be the few that decide to make huge farms, but the fact is, that since the power usage is basically null, anyone can mine, and will just because they can, takes no specialized setup, and takes no effort, and you get some sort of payout, no matter how small it ends up.

There are many people who love mining, and will go all out, but there are the people available to setup small amounts of free space for fun, not damaging hardware, and using what they currently have just to say they're helping secure the network.

Also, has none of the issues that PoS has, won't even go there. Using the same amount of power for a truly advanced PoW style of mining.

I truly think this is the way things stay more decentralized.

Also, it costs much less to setup 'big farms', so there will be more, and the people running them don't have to be super specialized or setup warehouses just for it, a garage with normal power circuit is perfectly fine, and can run a pretty massive amount of 5w/drive miners.

Not to mention the ability to mine on ultra low powered devices could bring in the people with fully off grid systems who could never mine traditional algorithms with GPUs or ASICS.

Then, the resale value is another plus, storage hardware is always able to be sold at good prices. You decide you're done, you sell off your stuff with a solid return and retire happily.

my 2 sats.

what are you talking about?

firstly, a datacenter could easily setup a PoC farm in a very small space. Here's a commercially available product that's a 12-bay NAS in 2U rackmount (http://www.newegg.ca/Product/Product.aspx?Item=N82E16822108173CVF).  Theoretically you could fit 3-5x that many 3.5" HDDs in the same amount of space if you forgo the hotswap ability, and double that again wit 2.5" drives. In theory, you could probably fit around 100 2.5" 4TB drives in a 2U, and thus 6400TB in a single 32U rack

oh, hey look its a company that sells a 4300TB Single-rack server: https://www.aberdeeninc.com/abcatg/petarack.htm
so to say that a datacenter would fill its space mining BURST is silly - a single rack would be enough, and if they dedicated 10% of the datacenter to it they could probably become the majority.


secondly, harddrives don't really retain value better than any other PC component. a 2TB drive costs ~$80 today and in 2 years will probably sell for less than $30, much less if used (when did you last buy or sell a used harddrive?)

[AleScamHole]

A great time for PoC (and release of PoC2 in a matter of a month) to take over as preferred PoW style of mining. Requires almost no power, and keeps decentralization as it is most efficiently mined with drives that people already own. The consumer grade hardware will forever be king of BURST and PoC algorithm. Come along to the future of PoW style mining, and check out the way crypto was meant to be.

https://bitcointalk.org/index.php?topic=1323657

I did a quick read on that. Some people have 200 TB of storage already. I'm sure some data center will eventually house a huge chunk of that network, I think 7000 TB is the current size.

I can't imagine how to run this as a home miner, I mean, I could get 32 TB of HDD maybe. Or someone makes a USB hub thing that accepts ... well, there are 49 port hubs, with 8 TB per port, you could get 400 TB on one "server".

I can't wait for Samsung to drop their prices on that 16 TB SSD. But then I'd probably use it for "real" stuff, not as PoC mining.

Right, but the difference is, a data center can't just pick it up and go with it, unless they want to completely shut down their operations and move to mining BURST only, because you must fill your space with hashpower, therefore you must DEDICATE yourself to the process.

People, with large amounts of space, are the ones who believe in the algo, and the coin, and our team. They are dedicated to the process. Data centers wouldn't risk shutting down their entire operation for a mining farm, I highly doubt it.

yes, there would be the few that decide to make huge farms, but the fact is, that since the power usage is basically null, anyone can mine, and will just because they can, takes no specialized setup, and takes no effort, and you get some sort of payout, no matter how small it ends up.

There are many people who love mining, and will go all out, but there are the people available to setup small amounts of free space for fun, not damaging hardware, and using what they currently have just to say they're helping secure the network.

Also, has none of the issues that PoS has, won't even go there. Using the same amount of power for a truly advanced PoW style of mining.

I truly think this is the way things stay more decentralized.

Also, it costs much less to setup 'big farms', so there will be more, and the people running them don't have to be super specialized or setup warehouses just for it, a garage with normal power circuit is perfectly fine, and can run a pretty massive amount of 5w/drive miners.

Not to mention the ability to mine on ultra low powered devices could bring in the people with fully off grid systems who could never mine traditional algorithms with GPUs or ASICS.

Then, the resale value is another plus, storage hardware is always able to be sold at good prices. You decide you're done, you sell off your stuff with a solid return and retire happily.

my 2 sats.

what are you talking about?

firstly, a datacenter could easily setup a PoC farm in a very small space. Here's a commercially available product that's a 12-bay NAS in 2U rackmount (http://www.newegg.ca/Product/Product.aspx?Item=N82E16822108173CVF).  Theoretically you could fit 3-5x that many 3.5" HDDs in the same amount of space if you forgo the hotswap ability, and double that again wit 2.5" drives. In theory, you could probably fit around 100 2.5" 4TB drives in a 2U, and thus 6400TB in a single 32U rack

oh, hey look its a company that sells a 4300TB Single-rack server: https://www.aberdeeninc.com/abcatg/petarack.htm
so to say that a datacenter would fill its space mining BURST is silly - a single rack would be enough, and if they dedicated 10% of the datacenter to it they could probably become the majority.


secondly, harddrives don't really retain value better than any other PC component. a 2TB drive costs ~$80 today and in 2 years will probably sell for less than $30, much less if used (when did you last buy or sell a used harddrive?)

agreed! the only people that can benefit from burst are people like crowtec there that can not only have the HDD's everywhere, but can re-sell them after.
HDD's prices fall with moore's law pretty much.
then again i dont blame him shilling his coin, it's what eveyone does here ;p
BUT LETS FACE IT, crowtec, you just talked out of your ass to shill BURST. HDD'S are garbage

[crowetic]

A great time for PoC (and release of PoC2 in a matter of a month) to take over as preferred PoW style of mining. Requires almost no power, and keeps decentralization as it is most efficiently mined with drives that people already own. The consumer grade hardware will forever be king of BURST and PoC algorithm. Come along to the future of PoW style mining, and check out the way crypto was meant to be.

https://bitcointalk.org/index.php?topic=1323657

I did a quick read on that. Some people have 200 TB of storage already. I'm sure some data center will eventually house a huge chunk of that network, I think 7000 TB is the current size.

I can't imagine how to run this as a home miner, I mean, I could get 32 TB of HDD maybe. Or someone makes a USB hub thing that accepts ... well, there are 49 port hubs, with 8 TB per port, you could get 400 TB on one "server".

I can't wait for Samsung to drop their prices on that 16 TB SSD. But then I'd probably use it for "real" stuff, not as PoC mining.

Right, but the difference is, a data center can't just pick it up and go with it, unless they want to completely shut down their operations and move to mining BURST only, because you must fill your space with hashpower, therefore you must DEDICATE yourself to the process.

People, with large amounts of space, are the ones who believe in the algo, and the coin, and our team. They are dedicated to the process. Data centers wouldn't risk shutting down their entire operation for a mining farm, I highly doubt it.

yes, there would be the few that decide to make huge farms, but the fact is, that since the power usage is basically null, anyone can mine, and will just because they can, takes no specialized setup, and takes no effort, and you get some sort of payout, no matter how small it ends up.

There are many people who love mining, and will go all out, but there are the people available to setup small amounts of free space for fun, not damaging hardware, and using what they currently have just to say they're helping secure the network.

Also, has none of the issues that PoS has, won't even go there. Using the same amount of power for a truly advanced PoW style of mining.

I truly think this is the way things stay more decentralized.

Also, it costs much less to setup 'big farms', so there will be more, and the people running them don't have to be super specialized or setup warehouses just for it, a garage with normal power circuit is perfectly fine, and can run a pretty massive amount of 5w/drive miners.

Not to mention the ability to mine on ultra low powered devices could bring in the people with fully off grid systems who could never mine traditional algorithms with GPUs or ASICS.

Then, the resale value is another plus, storage hardware is always able to be sold at good prices. You decide you're done, you sell off your stuff with a solid return and retire happily.

my 2 sats.

what are you talking about?

firstly, a datacenter could easily setup a PoC farm in a very small space. Here's a commercially available product that's a 12-bay NAS in 2U rackmount (http://www.newegg.ca/Product/Product.aspx?Item=N82E16822108173CVF).  Theoretically you could fit 3-5x that many 3.5" HDDs in the same amount of space if you forgo the hotswap ability, and double that again wit 2.5" drives. In theory, you could probably fit around 100 2.5" 4TB drives in a 2U, and thus 6400TB in a single 32U rack

oh, hey look its a company that sells a 4300TB Single-rack server: https://www.aberdeeninc.com/abcatg/petarack.htm
so to say that a datacenter would fill its space mining BURST is silly - a single rack would be enough, and if they dedicated 10% of the datacenter to it they could probably become the majority.


secondly, harddrives don't really retain value better than any other PC component. a 2TB drive costs ~$80 today and in 2 years will probably sell for less than $30, much less if used (when did you last buy or sell a used harddrive?)

agreed! the only people that can benefit from burst are people like crowtec there that can not only have the HDD's everywhere, but can re-sell them after.
HDD's prices fall with moore's law pretty much.
then again i dont blame him shilling his coin, it's what eveyone does here ;p
BUT LETS FACE IT, crowtec, you just talked out of your ass to shill BURST. HDD'S are garbage

No need to get nasty, and I absolutely did not. BURST's algo is the best PoW style mining hands down. stays more decentralized by nature, and has great resell value on the hardware. Requires very low power usage, and solves all the issues with PoS and PoW (traditional).

To say anything against that, I would really like to see some proof. My proof is there, just look at it. Go test it out if you don't believe me.

Also, as far as a data center buying that much space just for BURST, sure, I MIGHT see it happening in the future when the coin's price is dramatically higher, but for now, no way... it simply doesn't make sense at all, especially that hardware, as it is VERY expensive. Fact is is makes most sense to mine the coin on consumer grade hardware, and not only that, but almost everyone has a bit of freespace they could mine with, and since it takes no extra power, there's no reason not to, thus it stays more decentralized than other coins do by nature.

There really isn't any way to say I'm wrong here, if you are, then you're just being silly...

Hard drives take as much power as charging your phone, and the way the mining works, only requires you to actually turn the drive on once per block and read through it for roughly 30 seconds. This doesn't even take up your entire CPU to do so, and can also be done with a GPU using even less power and reading the drives faster.

The fact is, it's a superior mining style for decentralization, and there's no way to really argue against that without sounding defensive and silly.

There is no way you can argue that buying mining-specific hardware is going to stay more decentralized than being able to feasibly mine on hardware everyone has, without the chance of damaging the hardware or using more power than just running the computer like you do anyway.

Then, when our alpha becomes beta on phone mining, there's an even greater argument there, because same things apply but then it is just mobile, and it won't even drain your battery. Pretty sweet.

But I would love to hear the argument against what I'm saying here, go ahead and tell me how it is feasible for the every day person to be an ASIC or GPU miner on any level, and justify it. I'm happy to get into a nice friendly banter over something where I know I'm right.

[CryR]

Good buy doolies 

[tempestb]

I think to make mining work for the individual and to decentralize it, you would need to have the miner process provide a different benefit.  For instance (And this is just an example) the miner would gain all the transaction fees that happened in their geographic area.  So, if I'm the only person in Sacramento running a miner, I would gain all the transaction fees from all the transactions from the region up to the next closest miner.  This would cause it to decentralize, and continue to provide financial incentive.

But, you could poke holes in this.  The point is, you could design something outside of the current model to make it worthwhile to run a miner on the outside, if the miner provided something additional. 

[alienesb]

But, you could poke holes in this.  The point is, you could design something outside of the current model to make it worthwhile to run a miner on the outside, if the miner provided something additional. 

You mean like video cards...

[Dabs]

For instance (And this is just an example) the miner would gain all the transaction fees that happened in their geographic area.

Your particular example won't work. Miners don't usually declare where they are, although we can safely assume they are in the North Pole or somewhere like that.

And don't forget the nodes that connect through Tor. And the large percentage of users who use online or web wallets.

[tempestb]

Depends.  The miners run software.  You could determine the miner's IP address and generalize the geolocation from there.  If you wanted to be a part of the transaction rewards, you would have to let your location be known.  You could use Tor, but you would then be sharing transactions with other people who are also using Tor.  I don't think the vast majority are using Tor anyway.  Geolocation would reward those who want to claim an area of transaction fees.

But you don't have to do this.  You can make the software do anything you want.  Perhaps you would use it as a distributed web server.  You can post your page on the public server, and pay for it.  Or you can have your own miner, which would provide the added benefit of not charging you for posting your page. 

If you use your imagination, you can think of various ways that the software could be modified to provide a benefit that would make ordinary people want to run a miner, which would break up the centralization.

[Dabs]

If you use your imagination, you can think of various ways that the software could be modified to provide a benefit that would make ordinary people want to run a miner, which would break up the centralization.

I have an imagination, but I usually temper it with a dose of reality. I'm not sure how such things can be implemented without either breaking the core code, or forking the coin. Then you have an altcoin. That's what all altcoins claim to be doing: something different.

[tempestb]

Yes, you would have an alt-coin.  Bitcoin is flawed because it leans towards centralizing.  You cannot fix this with the current Bitcoin model.  You have to rely on the altruistic promises of the corporate miners to keep your funds safe.  That's just how it is. 

[Zeta0S]

Can someone make a overview what happened to Spondoolies-Tech?

Are they Chapter 11?

[tempestb]

Can someone make a overview what happened to Spondoolies-Tech?

Are they Chapter 11?

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122508465

[alh]

Can someone make a overview what happened to Spondoolies-Tech?

Are they Chapter 11?

From a strictly legal perspective, it's probably not accurate to use the term "Chapter 11". Spondoolies is an Israeli based company and I'd be stunned if their bankruptcy laws were strictly aligned with the US laws. Similar possibly, but unlikely to be in terms of such designations as "Chapter 11".

[Zeta0S]

Can someone make a overview what happened to Spondoolies-Tech?

Are they Chapter 11?

Yes i agree.

From a strictly legal perspective, it's probably not accurate to use the term "Chapter 11". Spondoolies is an Israeli based company and I'd be stunned if their bankruptcy laws were strictly aligned with the US laws. Similar possibly, but unlikely to be in terms of such designations as "Chapter 11".

Can someone make a overview what happened to Spondoolies-Tech?

Are they Chapter 11?

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122508465

Thanks for the link.  Still to bad Spondoolies-Tech is no more.  There will be a time used still working miners will be $$

[Finksy]

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122508465

Thanks for the link.  Still to bad Spondoolies-Tech is no more.  There will be a time used still working miners will be $$

And what do you base that assertion on? It's not founded on history thus far, old generation miners depreciate to near nothing and there's nothing on the horizon to suggest that will change...

[Dabs]

Maybe for Israel it's called "The 1980". I'm just guessing. They don't have Chapter 11 or Chapter 15.

[Guy Corem]

myminer.io service will be down soon.

[s1gs3gv]

If you use your imagination, you can think of various ways that the software could be modified to provide a benefit that would make ordinary people want to run a miner, which would break up the centralization.

I have an imagination, but I usually temper it with a dose of reality. I'm not sure how such things can be implemented without either breaking the core code, or forking the coin. Then you have an altcoin. That's what all altcoins claim to be doing: something different.

I think a lot of people are revisiting the assumption that there will be 'one coin to rule them all'.

http://stanfordreview.org/article/one-coin-to-rule-them-all/

Quote: “What’s often overlooked in systems like Bitcoin is that even if the technology doesn’t succeed, it reminds us that there are always twelve other ways to do something different from the way we’re doing it now, and that one of these ways might actually function better than the system we’re currently using. That alone is worth a lot.”

[Biodom]

myminer.io service will be down soon.

does it mean that all SP30ies and SP20 won't be able to initialize, or it is not critical?
I remember that my miners were connecting to that portal.
can you spell it out in clear terms, please.