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

[tzortz]

Like it or not, the future is to have less electric consumption

Go buy 1000 S1s, and come back in two months from now.

They will become like the usb miners. Useless.

[RoadStress]

So, would you mind publishing some common-sense numbers we can all plug into the bitcoinwisdom mining profitability calculator that show a reasonable return on your SP30 group buy ?

Has a profitability calculator ever been right?

I think the most important thing is to have the cheapest $/gh and most efficient miner w/gh and you should profit. But nobody knows how the sp30 will actually perform and what it will be up against when it finally ships.

That's what my group buy offers Thank you for your common sense.

You have astronomical power costs imo. 30 S1 need how much power? 12kW? 10kW? And you get how much hashrate? 5400GH/s? A single SP30 will do more than your setup with only 2700W required. Not to mention all the PSUs, cables and stuff and more parts that could break than in the SP30. You made your choice. Good luck with that, but let other people make their own choice.

I do hope you're kidding, you seem like an intelligent poster. Power consumption is largely irrelevant at this point, unless your power rates are enormous, in which case you'll be pushed out of btc mining anyway. By the time power consumption is relevant the difference between 1.7j/gh and 1.2j/gh won't mean much. Gold rated psus or server psus can be had dirt cheap and cables are made for fractions of a penny/yard.

I fail to see how conversing limits anyone's choice.

I thought we are comparing 1.7j/gh to 0.5j/gh (not sure how joules are related to watts but i'm assuming they are close). The 1.2j/gh are the Jupiters which i plan to sell How many PSUs are you using for 30 S1 miners? Those must have a big cost comparing to the miner.

Like it or not, the future is to have less electric consumption

Go buy 1000 S1s, and come back in two months from now.

They will become like the usb miners. Useless.

My view exactly. Also considering that i plan to host them in the WA DC makes my life much easier. I still have burnin's boards in my living room and i got used with the sound, but the future is without headache in a DC, not at home.

[s1gs3gv]

So, would you mind publishing some common-sense numbers we can all plug into the bitcoinwisdom mining profitability calculator that show a reasonable return on your SP30 group buy ?

Has a profitability calculator ever been right?

I think the most important thing is to have the cheapest $/gh and most efficient miner w/gh and you should profit. But nobody knows how the sp30 will actually perform and what it will be up against when it finally ships.

Handwaving is no substitute for real numbers. FWIW, the most important thing to me is that I have a reasonable expectation that when I invest thousands of dollars in the ST group buy, that I have a hope in hell of getting it back, plus some.

To the chase: profitability calculators are always right. The assumptions with respect to BTC price and difficulty growth that you enter into the calculator may or may not be right, but you need to state the assumptions clearly before we, your potential customers, can decide how reasonable they are.

[tzortz]

I have...

i'm sorry but; why is this relevant to Spondoolies-Tech, announcement thread? I think you have found the wrong forum.

So why do you post in every single hardware manufacturers thread about how great you think spondoolies is?

He was describing how to setup his 30 S1, irrelevant to the thread.

Also, Spondoolies is great. Why not to mention?

 

[solarion]

I thought we are comparing 1.7j/gh to 0.5j/gh (not sure how joules are related to watts but i'm assuming they are close). The 1.2j/gh are the Jupiters which i plan to sell How many PSUs are you using for 30 S1 miners? Those must have a big cost comparing to the miner.

"The work required to produce one watt of power for one second, or one "watt second" (W·s) (compare kilowatt hour). This relationship can be used to define the watt."

http://en.wikipedia.org/wiki/Joule

It's the proper way to compare power consumption, but is equivalent to watts/gh/s.

I'm using 30 gold rated psus. Mostly rosewill capstone 550w, but a few corsair rm550w. They were $74 shipped and I paid with bitcoin through amazon. Likely I will just sell them with the rigs when I get ready to part with them. Haven't had one give out yet and it's been over a month. Nice and cool on 220v.

[s1gs3gv]

Lets inject some reality into this discussion. When I plug the following numbers into the bitcoinwisdom mining profitability calculator, I recover my initial investment after 200 days. In another month, I've made 50 bucks ...

SP30: 6THs, $4500 cost, 0% pool fee, 0 maintenance cost, 15% difficulty increase, $0.1 USD kWh. 2500W, start in 90 days

[tzortz]

Lets inject some reality into this discussion. When I plug the following numbers into the bitcoinwisdom mining profitability calculator, I recover my initial investment after 200 days. In another month, I've made 50 bucks ...

SP30: 6THs, $4500 cost, 0% pool fee, 0 maintenance cost, 15% difficulty increase, $0.1 USD kWh. 2500W

Did you try it with an S1? Or S2? Or maybe a Dragon?

[s1gs3gv]

Did you try it with an S1? Or S2? Or maybe a Dragon?

What about 'No ROI for 200 days' don't you understand ?

[tzortz]

If SP30 is not viable, then NOTHING will.

[RoadStress]

Lets inject some reality into this discussion. When I plug the following numbers into the bitcoinwisdom mining profitability calculator, I recover my initial investment after 200 days. In another month, I've made 50 bucks ...

SP30: 6THs, $4500 cost, 0% pool fee, 0 maintenance cost, 15% difficulty increase, $0.1 USD kWh. 2500W, start in 90 days

This has been so much discussed i'm getting tired of it. Look at this graph: http://bitcoin.sipa.be/growth.png Assuming that you will have 15% increase in difficulty until the end of the year is simply nonsense.

How much money are you making now with your S1s and how much money will you make in 90 days with your S1s and how much will you make in 200 days?

If SP30 is not viable, then NOTHING will.

Somehow people just don't get that. We have 60k TH/s hashing at more than 1W/GH right now. When the whole 60k TH/s will go on red we are still making a profit. Small(depending on your farm), but it will be a profit.

[s1gs3gv]

If SP30 is not viable, then NOTHING will.

Now you are starting to get it L)L
The prices on these products are too high.

[s1gs3gv]

Lets inject some reality into this discussion. When I plug the following numbers into the bitcoinwisdom mining profitability calculator, I recover my initial investment after 200 days. In another month, I've made 50 bucks ...

SP30: 6THs, $4500 cost, 0% pool fee, 0 maintenance cost, 15% difficulty increase, $0.1 USD kWh. 2500W, start in 90 days

This has been so much discussed i'm getting tired of it. Look at this graph: http://bitcoin.sipa.be/growth.png Assuming that you will have 15% increase in difficulty until the end of the year is simply nonsense.

How much money are you making now with your S1s and how much money will you make in 90 days with your S1s and how much will you make in 200 days?

If SP30 is not viable, then NOTHING will.

Somehow people just don't get that. We have 60k TH/s hashing at more than 1W/GH right now. When the whole 60k TH/s will go on red we are still making a profit. Small, but it will be a profit.

If you don't like my numbers, propose some. Some that I can remind you of at Xmas.

Some how people have a hard time understanding that if a customer doesn't have a reasonable expectation of recovering the cost of a SP30 and making a profit commensurate with the risk taken, then the SP30 is not a viable product at the price it is offered.

FWIW, solarian is the guy with S1 machines, not me.

[solarion]

This has been so much discussed i'm getting tired of it. Look at this graph: http://bitcoin.sipa.be/growth.png Assuming that you will have 15% increase in difficulty until the end of the year is simply nonsense.

How much money are you making now with your S1s and how much money will you make in 90 days with your S1s and how much will you make in 200 days?

Somehow people just don't get that. We have 60k TH/s hashing at more than 1W/GH right now. When the whole 60k TH/s will go on red we are still making a profit. Small, but it will be a profit.

6th/s = .4324btc/24hrs atm with straight btc mining, though selectively mining alt coins can get you a better return. 90 days? no idea. 200 days? no idea.

That's the whole point. Nobody knows what the future holds. In august when spondoolies hopes to deliver they won't be competing with s1's, they likely won't even be competing with s2s. They'll be competing with S3s and whatever else the competition can throw out there, but you can't compare to that because it's not available yet. This is the problem with pre-orders. They encourage bad decisions based on misinformation/information vacuum.

[kendog77]

Somehow people just don't get that. We have 60k TH/s hashing at more than 1W/GH right now. When the whole 60k TH/s will go on red we are still making a profit. Small(depending on your farm), but it will be a profit.

The major flaw in your logic is the fact that you think you will be making a "profit" just because the SP30 is earning more than it costs to operate.

In my view, the SP30 won't make a "profit" until it earns back the 10+ BTC it costs to purchase plus all expenses required to run it. Only then will you make a "profit".

[tzortz]

Do you agree that it will be a race of less-consuming gear, or not??

[jimmothy]

Do you agree that it will be a race of less-consuming gear, or not??

I agree. But do you agree that we have no idea what the competition will be like in 3-6 months?

[solarion]

Do you agree that it will be a race of less-consuming gear, or not??

Power consumption is only one variable in an equation. At this time it's not even the most important variable.

[tzortz]

Do you agree that it will be a race of less-consuming gear, or not??

I agree. But do you agree that we have no idea what the competition will be like in 3-6 months?

I am sure only about Spondoolies.

Do you have any other secret information?

[kendog77]

Do you agree that it will be a race of less-consuming gear, or not??

I agree that there will be a race towards more efficient gear, but I vehemently disagree that pre-ordering products 3+ months in advance is required in order to not be left behind.

I have no idea if a SP30 purchased now at 10+ BTC will prove to be a good buy come August because my crystal ball is foggy and the future is uncertain. There are way too many variables to possibly make an informed decision, so you're basically gambling.

So ask yourself, do you feel lucky?  

[Zelek Uther]

In actual fact, s1llyn4m3 or whatever he calls himself would be better closing his door and not going out into the world, ever. It would be safer all round.

You can wiggle and squirm raskul, but you will never get off the hook.  Your actions bring Spondoolies-Tech into disrepute just by association.

No. There is no association between raskul and Spondoolies Tech. There is no association between myself and Spondoolies, nor is there one between any of the other forum members you listed earlier and Spond either.

All of us are independent forum members, and we are free to speak our mind on this thread and others. None of us speak for Spond.

You should judge Spond on comments that they make, not comments that independent forum members make.