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

[pdawg]

This looks promising, hopefully it's legit, as I would probably be interested in a hosted 5th/s box.

[nikolaz]

If this does turnout to be a scam, it will be the best one ever and possibly they will make a movie about it...

It would have been better if they have shipped a machine to the respected member before they started accepting payments. First batch is already sold out and we are yet to see an independent review of the machine.

So I am going to sit back and watch this space, if they do turn out to be the real deal well nothing will change for me as I hoping this would mean that Bitmain will reduce their price even lower and I can order more S2 :-)

[claudesdad]

Do they accept Bitcoin ?

We happily accept Bitcoin (via BitPay) - just do a check-out with default payment method, and you will get the option.

(We will add a clarification text for this soon).

Your site advertises the price in dollars - how does that correlate to the price in Bitcoin?

Is the price in dollars translated into a current market price for Bitcoin?

[SyRenity]

If this does turnout to be a scam, it will be the best one ever and possibly they will make a movie about it...

It would have been better if they have shipped a machine to the respected member before they started accepting payments. First batch is already sold out and we are yet to see an independent review of the machine.

So I am going to sit back and watch this space, if they do turn out to be the real deal well nothing will change for me as I hoping this would mean that Bitmain will reduce their price even lower and I can order more S2 :-)

Stay tuned for Dogie review (his sample machine is en route), we are feverishly working to prepare and send the rest of the machines to the other reviewers in the ANN list.

[SyRenity]

Your site advertises the price in dollars - how does that correlate to the price in Bitcoin?

Is the price in dollars translated into a current market price for Bitcoin?

Yes, the USD price is converted in real-time by BitPay to BTC during the check-out.

[SyRenity]

This looks promising, hopefully it's legit, as I would probably be interested in a hosted 5th/s box.

Thanks, and yes - we are 100% legit.
We now arranging further public proof for the community, plus trusted members reviews will be incoming in the next few days.

[SyRenity]

Is no one going to ask the really important question? The elephant in the room... where the name originates?

Spondoolies really?

I've explained (in private) to Bicknellski the history beyond the name, though it seems that the pun works as intended .

[adam3us]

This looks promising, hopefully it's legit, as I would probably be interested in a hosted 5th/s box.

Thanks, and yes - we are 100% legit.
We now arranging further public proof for the community, plus trusted members reviews will be incoming in the next few days.

I can confirm they are legit - have been to their office (my first trip to
Israel).  Its definitely not a scam if thats what pdawg means.
(Caution is understood as there have been a few outright scams from others
in the past, plus aggressive/loose preorder promises which have left the
customers to fund the "can this team ship anything at all or in a useful
timeframe" risk).

As others have noted spondoolies have running/shipping hardware, and
unlike other mining companies did not fund their company by preorders.
(They are VC funded by Genesis Partners, you can see in one of the videos
in OP).

Their team has a lot of years of combined chip experience (take a look
at the team page on spminer.io).   Contrast with the level of detail, and
putting their reputation on the line vs other companies. 

If you look on their CEO Guy Corem's linkedin page you can see they have
been in business 8months.  8months from start to selling hardware is fast.

Adam

(disclaimer I am a crypto consultant to spondoolies).

[SyRenity]

Thanks, Adam!

[dropt]

I blame this thread for the dip in exch. rate over the last two days  

[SyRenity]

Our investors:
Genesis Partners:
http://www.genesispartners.com/content.asp?page=portfolio&companyFilter=99&sector1AreaId=0&sector2AreaId=0&sector3AreaId=0

BRM Group:
http://www.brm.com/Investments.aspx?p=10 (logo will be placed soon)

[nikolaz]

Our investors:
Genesis Partners:
http://www.genesispartners.com/content.asp?page=portfolio&companyFilter=99&sector1AreaId=0&sector2AreaId=0&sector3AreaId=0

BRM Group:
http://www.brm.com/Investments.aspx?p=10 (logo will be placed soon)

SyRenity, it all looks legit... like I said, if turns out to be a scam, someone will make movie about you guys :-)

However let me ask you few questions that yourself have asked in the past in other threads...

1) Are you guys willing to lower the declared value for VAT purposes?

2) Are you guys willing to lower the price for batch #2 if not for batch #3? May onwards ROI is horrible (-1 BTC) if BTC stayed around $600 and difficulty increases 15% per increment but we know it will be higher that with Bitmain and you guys releasing your machines in April onwards...

3) Are you guys pre-mining with the machines at the moment in your datacenter?

[SyRenity]

SyRenity, it all looks legit... like I said, if turns out to be a scam, someone will make movie about you guys :-)

However let me ask you few questions that yourself have asked in the past in other threads...

1) Are you guys willing to lower the declared value for VAT purposes?

2) Are you guys willing to lower the price for batch #2 if not for batch #3? May onwards ROI is horrible (-1 BTC) if BTC stayed around $600 and difficulty increases 15% per increment but we know it will be higher that with Bitmain and you guys releasing your machines in April onwards...

3) Are you guys pre-mining with the machines at the moment in your datacenter?

Fair enough :

1) Unfortunately not at the moment, though we are looking at the available options for the VAT markets.

2) We will need to get back to you on this one.

3) We do not do any self-mining with our clients units (beside standard limited burn-in tests) - this is one of our company principles.

[SyRenity]

UPDATE

Next 3 sample units were shipped to:

• Jeff Garzik
• Gregory Maxwell
• MineForeman

(I've provided them with tracking numbers in private.)

[Syke]

UPDATE

Next 3 sample units were shipped to:

• Jeff Garzik
• Gregory Maxwell
• MineForeman

(I've provided them with tracking numbers in private.)

You should have done that before accepting pre-orders. It looks like a desperate money grab when you take pre-orders before any community member has seen the hardware.

[Guy Corem]

We have shipped the units for review, we hope the reviewers enjoy mining with them as much as we have enjoyed making them.

Below you can see Kobi Levin, our Chief Operations Officer, inspecting one of the packages before shipment

[RoadStress]

SyRenity please address the issue of SP30 heat dissipation. How do you plan to dissipate 2500W from that small case? Also i see that you under power it again. For SP10 you have a 1kW PSU and the unit needs 1.3kW and for SP30 you have 2 1200W PSUs, but the unit needs 2500W.

Also what is the inside temperature that SP10 reaches? (chips, components etc)

[SyRenity]

You should have done that before accepting pre-orders. It looks like a desperate money grab when you take pre-orders before any community member has seen the hardware.

Please see the thread, several respected members of the community (Adam Back, Meni Rosenfeld) have visited us in person and seen the units, before providing their confirmations.

That said, the first unit will arrive to dogie soon, who will provide a professional review for the community.

[SyRenity]

I really wanted to order one SP10 unit, but i couldn't find enough information about the PSU. I don't want a fire hazard and i don't know how long will the PSU last before going dead.

Sorry, missed this one.

The PSU we are using was designed for the telecom and communication market by Emerson, one of the most respectable PSU providers in the world. It meets all the required safety certifications and it's MTBF (mean time between failures) is over 50 years.
In addition it supports over-current shutdown and over-heating shutdown, hence there is no fire or any other hazard risks.

Screenshots from the data-sheet:
http://take.ms/R08dn

SyRenity please address the issue of SP30 heat dissipation. How do you plan to dissipate 2500W from that small case? Also i see that you under power it again. For SP10 you have a 1kW PSU and the unit needs 1.3kW and for SP30 you have 2 1200W PSUs, but the unit needs 2500W.

Also what is the inside temperature that SP10 reaches? (chips, components etc)

Answer from the team:

When designing a cooling solution, the most important factor is the heat density, rather then the performance or the total amount of the dissipated heat. The second factor would be the max allowed ASIC’s Tj.

You are right, we are going to maintain the same air flow cooling mechanism for the SP30 as well. We going to use a custom heat sink that was designed and manufactured according to ASIC’s heat dense and Tj with 80mm Fans with a total of ~300 CFM.

The heat sink will be composed of Aluminum K=167 W/m*K 6061 T6 and copper base attached to the ASICs themselves.
The entire design is backed up with a thermal analysis simulations that we are performing as part of the mechanical and electrical design process

[ZiG]

SyRenity please address the issue of SP30 heat dissipation. How do you plan to dissipate 2500W from that small case? Also i see that you under power it again. For SP10 you have a 1kW PSU and the unit needs 1.3kW and for SP30 you have 2 1200W PSUs, but the unit needs 2500W.

Also what is the inside temperature that SP10 reaches? (chips, components etc)

Sorry, missed this one.

Below the answer from the team:

When designing a cooling solution, the most important factor is the heat density, rather then the performance or the total amount of the dissipated heat. The second factor would be the max allowed ASIC’s Tj.

You are right, we are going to maintain the same air flow cooling mechanism for the SP30 as well. We going to use a custom heat sink that was designed and manufactured according to ASIC’s heat dense and Tj with 80mm Fans with a total of ~300 CFM.

The heat sink will be composed of Aluminum K=167 W/m*K 6061 T6 and copper base attached to the ASICs themselves.
The entire design is backed up with a thermal analysis simulations that we are performing as part of the mechanical and electrical design process

Sounds like ...NO running engineering sample for SP30...right...?