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

[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. 

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[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.

[sidehack]

I'd be surprised if the website were necessary for function. Isn't it mostly just for easy detection of miners on your network?

[Biodom]

I'd be surprised if the website were necessary for function. Isn't it mostly just for easy detection of miners on your network?

me too, I just want Guy to confirm.
Similarly, BMT at some point introduced some required connection to some obscure IP address to initialize mining, then promptly disconnected this address, causing mining stoppage on reboot. Incidentally, later versions of their firmware apparently had the same code, but relevant commands were commented out.

[LASERminer]

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.

It is NOT critical - just for easy detection of miners on your network as sidehack said.
We will have to just use network scanner and myminer.io wasn't always working 100% for me anyway.

[Tupsu]

myminer.io service will be down soon.

myminer.io service will be down soon.

I've offered to host this service.

[tntdgcr]

myminer.io service will be down soon.

myminer.io service will be down soon.

I've offered to host this service.

me too. i have bandwidth, IP space and Servers.