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

[seriouscoin]

I like what I'm seeing from these guys, but the pre-order stuff is a turn-off

Would happily order something available to ship within a week. The landscape is changing too quickly to have BTC related funds tied up for a month or longer.

Pre-orders in Bitcoin space are too much of a bad gamble to be making in the current environment.

therein lies the problem; there are so many others willing to take the pre-order (now that we have found a reputable company with some integrity) that those who shy away from it, are going to be left behind. I know as well as anyone, hashfast have some of my own money tied up and gagged, but there is no way i want to miss the boat on this.. it's bundles like this new one here that are gonna keep me mining into next year. I also feel, as an enthusiast rather than a day-trader, I want to make sure that I am a part of anything that can spread the network hash-power. I'd pre-order this just to stick two fingers up at KnC and their datorhall.
There aren't many other companies who have a production line which build, burn-in and ship miners without mining for themselves.. heck, even the test btc which spondoolies mines goes to charity.

+1

[User705]

Posted this before and will post again for the current flavor of the month Pre order ASIC manufacturer.  It is economically impossible for an investomer to receive a preorderd miner that will be worth significantly more at the time of shipment then market price at that time. So the best you are hoping for on a preorder is for your miner to be worth approximately what it would be worth anyways had you simply waited and bought for immediate delivery.  The worse case scenario is ....  Well look around on this forum, plenty of examples abound.

[ineedit]

spoondoolies...  PLEASE try and just get stuff in stock....

We don't stock. We're implementing build to order production line.
We'll deliver the product on time and according to the specification published.

Why do you think 'build to order production line' is the best sales model?
Why does your company not want to make and then sell, is it lack of funding?

[Powell]

Spondoolies sent you all an email through your website.

[Tigggger]

spoondoolies...  PLEASE try and just get stuff in stock....

We don't stock. We're implementing build to order production line.
We'll deliver the product on time and according to the specification published.

Why do you think 'build to order production line' is the best sales model?
Why does your company not want to make and then sell, is it lack of funding?

I can only echo what Xian01 said further up the thread, for me the days of pre-ordering are over.  Long gone are the days when it meant a nice return most of the time it's just a losing proposition.

Making decisions on something in stock like an Antminer is difficult enough, when you start to consider a lead time of 1,2,3,4 months it gets impossible.

You seem an excellent company that have a proven product, I'd have no hesitation in spending a lot of money but it either needs to be in stock or delivery within 1-2 weeks so I can make an informed decision.

[JWU42]

You seem an excellent company that have a proven product, I'd have no hesitation in spending a lot of money but it either needs to be in stock or delivery within 1-2 weeks so I can make an informed decision.

+1000

The margin for error in calculating a potential return on 16Th/s for August delivery is mindblowing. 

[Guy Corem]

Why does your company not want to make and then sell, is it lack of funding?

We're very well funded, by two of Israel top VCs:
http://www.genesispartners.com/content.asp?page=portfolio
http://www.brm.com/Investments.aspx?p=10

We're building as fast as we can, test and ship.
We don't stock and mine on our customers machines.

[Guy Corem]

You seem an excellent company that have a proven product, I'd have no hesitation in spending a lot of money but it either needs to be in stock or delivery within 1-2 weeks so I can make an informed decision.

+1000

The margin for error in calculating a potential return on 16Th/s for August delivery is mindblowing. 

We are committed to deliver the miners on time and according to the published spec. You can take this uncertainty out of the equation.

We are all long term Bitcoin believers. We're creating offers that will maximize the chance for an excellent ROI, while distributing the hash-rate and helping the ecosystem.

[JWU42]

You seem an excellent company that have a proven product, I'd have no hesitation in spending a lot of money but it either needs to be in stock or delivery within 1-2 weeks so I can make an informed decision.

+1000

The margin for error in calculating a potential return on 16Th/s for August delivery is mindblowing. 

We are committed to deliver the miners on time and according to the published spec. You can take this uncertainty out of the equation.

We are all long term Bitcoin believers. We're creating offers that will maximize the chance for an excellent ROI, while distributing the hash-rate and helping the ecosystem.

The uncertainty I speak of is PRIMARILY network difficulty.  It would be fair to add that bringing any new product to market has the potential for challenges and therefore delays (i.e., more uncertainty).

This shows a modest avg 15% diff change and you really don't want to see 20% -- http://goo.gl/Hk9Ek3

[ineedit]

...

Why do you think 'build to order production line' is the best sales model?
Why does your company not want to make and then sell, is it lack of funding?

Why does your company not want to make and then sell, is it lack of funding?

We're very well funded, by two of Israel top VCs:
http://www.genesispartners.com/content.asp?page=portfolio
http://www.brm.com/Investments.aspx?p=10

We're building as fast as we can, test and ship.
We don't stock and mine on our customers machines.

That answers one question but not the other, you must have seen it as you removed it when you quoted my original post

Why do you think 'build to order production line' is the best sales model?

[Guy Corem]

...

Why do you think 'build to order production line' is the best sales model?
Why does your company not want to make and then sell, is it lack of funding?

Why does your company not want to make and then sell, is it lack of funding?

We're very well funded, by two of Israel top VCs:
http://www.genesispartners.com/content.asp?page=portfolio
http://www.brm.com/Investments.aspx?p=10

We're building as fast as we can, test and ship.
We don't stock and mine on our customers machines.

That answers one question but not the other, you must have seen it as you removed it when you quoted my original post

Why do you think 'build to order production line' is the best sales model?

I believe that I've answered both questions.
Stocking meaning mining on customers machines. We don't want to do that.

[mikep2012]

...

Why do you think 'build to order production line' is the best sales model?
Why does your company not want to make and then sell, is it lack of funding?

Why does your company not want to make and then sell, is it lack of funding?

We're very well funded, by two of Israel top VCs:
http://www.genesispartners.com/content.asp?page=portfolio
http://www.brm.com/Investments.aspx?p=10

We're building as fast as we can, test and ship.
We don't stock and mine on our customers machines.

That answers one question but not the other, you must have seen it as you removed it when you quoted my original post

Why do you think 'build to order production line' is the best sales model?

I believe that I've answered both questions.
Stocking meaning mining on customers machines. We don't want to do that.

stocking meaning you keep them in boxes in a warehouse ready to be shipped asap, not mining with them 

[Guy Corem]

stocking meaning you keep them in boxes in a warehouse ready to be shipped asap, not mining with them 

Shouldn't we just shipped them the moment they're ready ?
This is exactly what we're doing...

[zvisha]

Regarding mining to charity wallet, for sake of preventing misunderstandings, at the moment ALL of our burn test is against production tools and not against a pool or charity wallet. The burn test is not long enough to produce BTC value that would justify the complexity of working with real pool.
The charity wallet is what comes by default on any image  and if you do "factory reset" you will get it back, since it is hard coded in the RAM disk starting version 1.2.9 http://www.spondoolies-tech.com/blogs/technical-blog/13156021-version-1-2-9.
If we didn't have a wallet in default image at all, the system would go into endless cycle of watchdog reboots, so we put this one.

Regards`

[Biffa]

That answers one question but not the other, you must have seen it as you removed it when you quoted my original post

Why do you think 'build to order production line' is the best sales model?

Maybe because "its working for them so far" people seem to be buying, they seem to be working flat out to fulfill orders... 

BTW I'm not advocating the model. But as someone else said, in August there will probably be other players selling from stock esp China. This would make sense looking at how fast they have caught up and the way the marketplace has changed to a year ago. I've also done my last preorder. Bitmain has changed the landscape forever and thats the model we want to promote.

I understand why not stocking is good from a business sense, the risk is all on the buyers not on the company, build to order is a good business model for the business, no stock means nothing sitting on the shelf eating away profits. It means nothing that has to be sold in "fire sale" ie at a loss, to clear old inventory.

[Biffa]

stocking meaning you keep them in boxes in a warehouse ready to be shipped asap, not mining with them 

Shouldn't we just shipped them the moment they're ready ?
This is exactly what we're doing...

You could use a system that fulfills both criteria.

Build your miners, and put them up for sale the moment they are ready. Then ship them as soon as they are sold.

You seem to make such small batches anyway that you should have no trouble selling them.

Win-win.

[Guy Corem]

stocking meaning you keep them in boxes in a warehouse ready to be shipped asap, not mining with them  

Shouldn't we just shipped them the moment they're ready ?
This is exactly what we're doing...

You could use a system that fulfills both criteria.

Build your miners, and put them up for sale the moment they are ready. Then ship them as soon as they are sold.

You seem to make such small batches anyway that you should have no trouble selling them.

Win-win.

We're ramping up production as fast as we can. We're offering only the number of systems we're absolutely sure we'll be able to deliver. April batch was medium side. May and August (SP30) are much larger.
Taking pre-orders allow the customer to secure place in the shipping queue while allow us to optimize the supply line for long lead time parts (e.g. transport mechanical parts via sea vs air).
Both sides wins. Indeed it's not as straightforward deal as ordering existing product for 2-3 weeks delivery, but the upside can be much higher.

[jjiimm_64]

We're ramping up production as fast as we can. We're offering only the number of systems we're absolutely sure we'll be able to deliver. April batch was medium side. May and August (SP30) are much larger.
Taking pre-orders allow the customer to secure place in the shipping queue while allow us to optimize the supply line for long lead time parts (e.g. transport mechanical parts via sea vs air).
Both sides wins. Indeed it's not as straightforward deal as ordering existing product for 2-3 weeks delivery, but the upside can be much higher.

existing product for 2-3 weeks delivery

just for the record... bitmain does 2-3 days!!! not 2-3 weeks....  if bitmain can have miners in stock ready to sell, so can any other company.

bitmain opened the S1 for sale again on monday..  free shipping.. UPS already has my miners showing being delivered Friday.. all the way from china...  so, from ordering to mining in 4 days... This is the model that will prevail.


Stop pre-ordering people..

edit:  I believe you have a good product.. and I am excited to purchase some.. when I know they will be delivered within a week!!

[jamesg]

The ONLY reason I see to take pre-orders is because you don't have the funds to order parts in mass quantity.

If I am mistaken then I would like to hear the reasons to have pre-orders at all.

[CryptKeeper]

The ONLY reason I see to take pre-orders is because you don't have the funds to order parts in mass quantity.

If I am mistaken then I would like to hear the reasons to have pre-orders at all.

I assume they don't want us to buy from other manufacturers.