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

[Wookie50]

I'm so proud of the Spondoolies team! 

What a challenge it must be to come to work each day, create a product that has little margin for error as every day slip makes such a difference.  At the same time, you have to probably run to the bomb shelters from the constant rocket barrage from Gaza.  I hope a lot of your competitors learn from you on what it takes to survive and thrive.

I support you and I'm sure a LOT of your customers here on the forum support you too.  While I cannot wait to get my SP30 ... most importantly, please be sure to stay safe!!! 

[Grix]

@spondoolies
Are the chips already in hand?

We're getting the ASICs on Tuesday

Do you have an estimate on when the august batch will ship? Early august, late august?

They'll ship in August. And probably over a reasonable period in order order.

With all due respect, I didn't ask you. If spondoolies doesn't want to tell us their estimates, then I'd rather hear that from them, your post contains no information.

Also they have talked about shipping the WA hosted orders using container mail to cut down on costs, which would imply all or most of them shipping at the same time.

[RoadStress]

@spondoolies
Are the chips already in hand?

We're getting the ASICs on Tuesday

Do you have an estimate on when the august batch will ship? Early august, late august?

They'll ship in August. And probably over a reasonable period in order order.

With all due respect, I didn't ask you. If spondoolies doesn't want to tell us their estimates, then I'd rather hear that from them, your post contains no information.

Also they have talked about shipping the WA hosted orders using container mail to cut down on costs, which would imply all or most of them shipping at the same time.

They are getting chips in hand in a couple of hours and they already stated that they will produce nonstop the units.

[Bicknellski]

jimmothy is just bitter because ASICMiner botched the design of their Gen3 chip and ended up with increased power usage and a chip that is no longer competitive with Bitmain. The ASICMiner Gen3 miners I've seen to date look like amateur, second rate products compared to the S3. ASICMiner shareholders are very biased and seem to lack objectivity when looking at the current mining landscape.

It looks like folks who gambled on the Roadstress SP30 group buy may end up having their bet pay off. I still very much doubt that a SP30 for 5k with a September delivery is a good buy, but a 4.5k SP30 with an early August delivery is looking like a very good buy.

Simulations are one thing, and final performance often differs from simulated numbers, but it sounds like we'll know if the SP30 performs according to specification within a week.

Very fair assessment.

Again if buyers can pool their monies a better price can certainly be had directly from SPTech.

Buying individual units for home use is not the right play moving forward given the power requirements as the primary limiting factor there are certainly others that should dissuade people from buying any miners at this point if your biz model is simply to mine back your investment. Pay in dollars as everyone says. Looks like we are at the beginning of another UPward trend in BTC. Hang on to your hats.

If you are not looking at building out larger and larger mining nodes then you might not have the right outlook unless you know something about a sha256 altcoins (gambling on alts) vs. bitcoins or are looking to build an ASIC rental farm or some sort of variant of that, you know they are popping up all over the world at the moment seeking the cheapest rent and power they can.

[Searing]

Hi SP-Tech's team,

since you will have the chip on tuesday, any information about the estimate date of delivery for early august ? as well as the WA datacenter hosting opportunity for non group buying ?
(i think i'm not the first to ask this question, but .... TLDR  )

Thx !

Early August will be delivered until around the first half of August :p

As there are around 500 units in early August batch, it will obviously take some time.

early august batch you mention above is that the group buy batch? or is that the 2nd aug batch...? or is the group buy on here august batch just mixed in with the
regular august ordrers for the whole month according to payment...wondering how that all works?

Searing

[Bicknellski]

Hi SP-Tech's team,

since you will have the chip on tuesday, any information about the estimate date of delivery for early august ? as well as the WA datacenter hosting opportunity for non group buying ?
(i think i'm not the first to ask this question, but .... TLDR  )

Thx !

Early August will be delivered until around the first half of August :p

As there are around 500 units in early August batch, it will obviously take some time.

early august batch you mention above is that the group buy batch? or is that the 2nd aug batch...? or is the group buy on here august batch just mixed in with the
regular august ordrers for the whole month according to payment...wondering how that all works?

Searing

All orders taken in by SPTech are based on time you paid.

So shipped out based on that time stamp from the TX ID.

I suspect my order will ship in Mid-August based on what was represented when I ordered.

There were clear statements as to the capacity of production and the order queue. Feel free to read through the GB thread.

https://bitcointalk.org/index.php?topic=575499.msg6287571#msg6287571

Code:

Quote from: bobsmoke on April 19, 2014, 04:21:03
Sorry to ask but to get it clear : How does the queue position works? 
The queue position is based when the 0.1 btc per machine was sent?

Quote from: Roadstress April 19, 2014, 04:55:40
Yes. The queue position is based when the 0.1 btc per machine is sent.

http://www.spondoolies-tech.com/pages/faq

Code:

MY PURCHASE FORMS ARE SUBMITTED BUT I HAVEN’T PAYED FOR MY ORDER YET.
IS MY PLACE IN THE SHIPMENT QUEUE KEPT?

An order is not considered complete until payment is made. 
If you are paying with a wire transfer, make sure you get a confirmation note from us.

Maybe SPTech will revise the timetable or clarify for SP30's customers the shipping queue soon but it has been clearly stated that payment time is the placeholder for all orders. The GB queue was held with the 0.1 BTC payment in the Roadstress GB. Full payment was required to secure a spot when ordering direct at the SPTech site as per the FAQ.

[hardhouseinc]

YAY.  I was Order #5 in that que
Ill take mine on July 31st Please and Thank You

[Collider]

YAY.  I was Order #5 in that que
Ill take mine on July 31st Please and Thank You

Bundle orders (should) be the only ones shipping in July.

The first ones in August are August bundle orders,
farmers choice 3* bundles and
single units purchased,

and then the groupbuy orders according to the 0.1Btc payments.

After that the August 2nd batch which was directly sold through the website.

[Collider]

Looking forward to those chrunchy chips, I guess there will be no units assembled today, but maybe towards the end of the week.

Overtime maybe we should send cookies, red bull and flowers to encourage them to work longer.

Then again, production is probably limited by the production slots spondoolies purchased.

[hardhouseinc]

YAY.  I was Order #5 in that que
Ill take mine on July 31st Please and Thank You

Bundle orders (should) be the only ones shipping in July.

The first ones in August are August bundle orders,
farmers choice 3* bundles and
single units purchased,

and then the groupbuy orders according to the 0.1Btc payments.

After that the August 2nd batch which was directly sold through the website.

YES, I know.  I was being facetious.  Or wishful thinking.
One can always hope for Aug 1

[Crypto_Cumbrian]

https://www.youtube.com/watch?v=_M1372Z1Ldg

[Biffa]

https://www.youtube.com/watch?v=_M1372Z1Ldg

I like this one: https://www.youtube.com/watch?v=aHA4-5N5AzA

[wanna4fun]

Hi SP-Tech's team,

since you will have the chip on tuesday, any information about the estimate date of delivery for early august ? as well as the WA datacenter hosting opportunity for non group buying ?
(i think i'm not the first to ask this question, but .... TLDR  )

Thx !

Early August will be delivered until around the first half of August :p

As there are around 500 units in early August batch, it will obviously take some time.

early august batch you mention above is that the group buy batch? or is that the 2nd aug batch...? or is the group buy on here august batch just mixed in with the
regular august ordrers for the whole month according to payment...wondering how that all works?

Searing

i'm talking about the better together with early august i've ordered in March.

[repairguy]

I would actually recommend buying SP hardware if it was sold from stock and for a reasonable price.

I wonder sometimes why european/US manufacturers seem to unable to fully grasp the idea of selling from the stock or a short (2-3wk) preorder.
What exactly is the difference? Is it small manufacturing facilities, risk aversion, upfront funds?
European/US asic makers also do not care about market share and in one case (KnC) are unable to adjust the price to market conditions.
I am still at a loss as to why KnC did not continue to sell Jupiter into jan-Feb or why spond did not continue to sell Sp-10 as long as it was selling with a profit (maybe it wasn't, I don't know). This seems to completely contradict almost any other business that I know of. Typically, you continue to sell an older model if you are still making money with it until there is a new model. I don't see anything unique to bitcoin that negates this possibility.

It can be made with three simple points.
1. Customers fiance and/or are locked in for purchase. Guaranteed revenue.
2. Less hurry when you don't have to compete to be the first one on the boat.(customers have already paid)
3. Value of miners are significantly higher when orders are taken vs when they are actually delivered.

Please keep in mind I am just listing the advantages of this method of product development, I have nothing against sptech.

[Collider]

This has been debated several times.

Spondoolies ("only") had around $4m in funding (before sp10).

Parts for sp30 production batches need to be ordered around 2 months in advance, chips more like 3.

Parts and manufacturing costs alone are around $2m per month (assuming 1000 units produced), and chip NRE is typically around $3-5M, which also needs to be gotten back.

Spondoolies already fronted the NRE, and cannot produce units without the parts (which they in turn had to pre-pay and pre-order).


Unless you can produce money from thin air, there really is no other option to have customers pre-pay some orders.

Later batches might be available with less pre-payment required, since spondoolies should soon recover the NRE and only needs to pay for parts in production.


Pre-payment or made-to-order also allows them to estimate their production volume much more accurately.

[repairguy]

This has been debated several times.

Spondoolies ("only") had around $4m in funding (before sp10).

Parts for sp30 production batches need to be ordered around 2 months in advance, chips more like 3.

Parts and manufacturing costs alone are around $2m per month (assuming 1000 units produced), and chip NRE is typically around $3-5M, which also needs to be gotten back.

Spondoolies already fronted the NRE, and cannot produce units without the parts (they in turn had to pre-pay and pre-order).

Sounds like mostly option number 1.  Financing is hard to come by. But the other 2 are nice perks!

[repairguy]

Unless you can produce money from thin air, there really is no other option to have customers pre-pay some orders.

Later batches might be available with less pre-payment required.

The only reason they have trouble financing is because of insanely high risk.  Most businesses don't have this issue. Other btc miner mfgs didn't have this issue.

The other option is to not produce.  I have never purchased a product that has not yet been developed, the concept is to risky, but that is my opinion, I am sure a lot of people have taken bigger investment risks than I and made loads of money.  I am more of a safe and steady kind of guy.


Later batches with pay and ship promptly will probably be very successful if they are priced appropriate to market value.

[Searing]

I would actually recommend buying SP hardware if it was sold from stock and for a reasonable price.

I wonder sometimes why european/US manufacturers seem to unable to fully grasp the idea of selling from the stock or a short (2-3wk) preorder.
What exactly is the difference? Is it small manufacturing facilities, risk aversion, upfront funds?
European/US asic makers also do not care about market share and in one case (KnC) are unable to adjust the price to market conditions.
I am still at a loss as to why KnC did not continue to sell Jupiter into jan-Feb or why spond did not continue to sell Sp-10 as long as it was selling with a profit (maybe it wasn't, I don't know). This seems to completely contradict almost any other business that I know of. Typically, you continue to sell an older model if you are still making money with it until there is a new model. I don't see anything unique to bitcoin that negates this possibility.

It can be made with three simple points.
1. Customers fiance and/or are locked in for purchase. Guaranteed revenue.
2. Less hurry when you don't have to compete to be the first one on the boat.(customers have already paid)
3. Value of miners are significantly higher when orders are taken vs when they are actually delivered.

Please keep in mind I am just listing the advantages of this method of product development, I have nothing against sptech.

too true..on the above


On the other hand.....this is COMPLETELY out of left field and a RUMOR as far as I can tell..but someone said that Spondoolies WOULD NOT
be doing pre-orders for their next batch after the Sp30 runs...

er again I can hear the laughter at me asking this .but hey it is a rumor....kill it dead or wow me on the possibility

(er now that eveyone has had a good laugh....moving on)

Searing

[Collider]

The only reason they have trouble financing is because of insanely high risk.  Most businesses don't have this issue. Other btc miner mfgs didn't have this issue.


Later batches with pay and ship promptly will probably be very successful if they are priced appropriate to market value.

To the traditional finance and even venture-capital industry, most things bitcoin related are very-high risk and it is therefore hard to find financing.

If you do find financing, the investors will want a very high percentage of the earnings, which would lead to even higher unit prices for customers.

Finally, certain contracts might be in place that hinder spondoolies from getting additional venture capital (from other sources), as this would decrease the profits from the original venture / angel investors.

The latter is pure speculation, but not too uncommon.


Let´s rather focus on the imminent production of sp30s and the impact on the mining community

As spondoolies becomes a bigger player in the mining space, I am sure they will have more freedom in financing and pricing of their units in the future.

[repairguy]

To the traditional finance and even venture-capital industry, most things bitcoin related are very-high risk and it is therefore hard to find financing.

If you do find financing, the investors will want a very high percentage of the earnings, which would lead to even higher unit prices for customers.

Finally, certain contracts might be in place that hinder spondoolies from getting additional venture capital (from other sources), as this would decrease the profits from the original venture / angel investors.

Higher prices for customers or lower profits for spondoolies?

Don't get me wrong they went the preorder route and it worked, bravo.  But most infant business in the same position would make less on the project to get it done, and reinvest the revenue.


Decreased profits for original venture/angel investors or decreased profit for spondoolies?

If that is the case they negotiated themselves into that position or accepted it. If lower profits for them is the only option, then they need to deal with it.  As I mentioned earlier, it wasn't the only option and they made the preorder work.

Most business' with this model would fail.