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Author Topic: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs  (Read 1256124 times)
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RoadStress
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July 30, 2014, 07:22:06 PM
 #4881

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Dear Thomas,
After a successful burn-in test, we are happy to announce that your unit was shipped and is now on its way to you.
The unit was shipped with DHL. Please see attached shipping documents.
A lot of work was put into designing, building, and shipping that unit. We believe you will enjoy it very much.
If you have any questions feel free to contact us at info@spondoolies-tech.com.
Best Regards,
Katya Penkar

Thank you spondoolies-tech. I know I will be happy after we have discussed compensation.

Same here. Got my delivery e-mail now! raskul was right. Today was a good day and I'm happy  Cheesy

H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
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Guy Corem
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July 30, 2014, 07:23:04 PM
 #4882

By looking at the difficulty, one can say that SP30 have started to be delivered. ...
I wish. It's another BitFury DC being deployed. Expect a jump. And then calm. And then a jump, ...

New Mimblewimble implementation: https://www.beam.mw
Spondoolies is back with the SPx36: https://www.spondoolies-tech.com/products/spx36
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July 30, 2014, 07:28:39 PM
 #4883

I wonder how much they are deploying at a time.


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July 30, 2014, 07:28:56 PM
 #4884

All chips are basically overclocked to the max at the moment to get a high hashrate.
The chips are long way from overclocked to the max. In the SP30, the limiting factor is the AC2DC (Around 90W per ASIC). After that, DC2DC (100W per ASIC) and cooling.
I agree, it was inaccurate.

The limiting factor is the available 12V power delivered by the PSU and after that the DCDC and cooling.

This should mean an immersion cooled setup with good DCDCs should be able to get even higher hashrates out of the chips, making them very cost-effective.
The lower efficiency of these chips should remain, still leaps better than AM chips though.

It should be fair to compare the asic with the 28nm Bitmain chip in terms of power efficiency though.
A bigger package and die area has both advantages and disadvantages.
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July 30, 2014, 07:29:38 PM
 #4885

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Things happen in life that no-one can control and your whining and moaning, looking for someone to blame... does not endear you to me.
shit happens, get over it.

Ignoring the fact that someone (spondoolies-tech) actually has full control over the situation and significant amounts of bitching and moaning can lead to more reasonable compensation.

I do hope compensation is not only for $/gh. At 0.15 $/kwh each machine will use an extra ~$1500 per year in electricity.

And is there actually a reason compensation is being delayed to october? If I remember correct SPtech had enough private funding for each batch.

Why will customer funds be held hostage?

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today remains a good day.

Did something extraordinary happen to counteract all the bad news from spondoolies?
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July 30, 2014, 07:35:15 PM
 #4886

I agree, compensation can´t only be calculated by missing hashrate, as the power consumption has increased by 65% in the first batches compared to the "rock solid" estimates.

This needs to be considered when calculating compensation.

I hope Spondoolies gets additional chip sales soon, but it might take until the better-performing chips are in hand.
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July 30, 2014, 07:35:26 PM
 #4887

I wonder how much they are deploying at a time.

BitFury rhythm is about 10-20MW every two months. The 25% three jumps ago was their 20MW Georgian DC.

New Mimblewimble implementation: https://www.beam.mw
Spondoolies is back with the SPx36: https://www.spondoolies-tech.com/products/spx36
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July 30, 2014, 07:40:42 PM
 #4888

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And is there actually a reason compensation is being delayed to october? If I remember correct SPtech had enough private funding for each batch.

Why will customer funds be held hostage?


Perhaps SP Tech doesn't have the funds to refund customers now. Also, the venture capitalist/private funding people will get paid first most likely, these people make perhaps 500% on their investment so I would also guess that SP Tech paid these people from the Pre-Sale Funds.

Hope I am wrong

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July 30, 2014, 07:41:51 PM
 #4889

Complete BS, both claims.

New Mimblewimble implementation: https://www.beam.mw
Spondoolies is back with the SPx36: https://www.spondoolies-tech.com/products/spx36
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July 30, 2014, 07:43:21 PM
 #4890


Perhaps SP Tech doesn't have the funds to refund customers now. Also, the venture capitalist/private funding people will get paid first most likely, these people make perhaps 500% on their investment so I would also guess that SP Tech paid these people from the Pre-Sale Funds.

Hope I am wrong

Typically, angel investors get paid after a certain amount of time according to a % of EBIT or revenue.

This period is almost never below 4 years.

Additionally, Angel investors typically profit from an exit scenario according to a percentage of their original funding.

They usually have no option to retrieve their funds before the agreed date but sometimes reserve the right to additional investments.
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July 30, 2014, 07:44:45 PM
 #4891

Gees... This seems bad, however I have to wonder how long this can be sustained. There are so many what ifs I guess.

I wonder how much they are deploying at a time.

BitFury rhythm is about 10-20MW every two months. The 25% three jumps ago was their 20MW Georgian DC.
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July 30, 2014, 07:49:36 PM
 #4892

Gees... This seems bad, however I have to wonder how long this can be sustained. There are so many what ifs I guess.

I wonder how much they are deploying at a time.

BitFury rhythm is about 10-20MW every two months. The 25% three jumps ago was their 20MW Georgian DC.

Not so long. Their hardware is outdated. They wasted too much time playing with LightFury (scrypt 55nm ASIC).

List of recent failures:
- Still didn't TO their custom UMC 40nm effort (AFAIK, unconfirmed)
- Scrapped big 28nm ASIC on Thermals. They got burnt from big ASICs and keeping the small ASICs design approach.
- Scrapped 20nm custom ASIC effort. "Too complicated and takes too much time". Straight from the horse mouth.
- Starting again a fully custom 28nm ASIC

New Mimblewimble implementation: https://www.beam.mw
Spondoolies is back with the SPx36: https://www.spondoolies-tech.com/products/spx36
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July 30, 2014, 07:53:33 PM
 #4893

Complete BS, both claims.

Well then give us the real reason, it has been asked several times since yesterday and we haven't got any oficial reply.
Compensation with hashrate obviusly can only start in late august or september depending on the leftover chips you got in those batches, but money refund can start right now, maybe august orders comes in better shape so it seems logic to delay a bit those, but at least for the units deployed/sent it makes perfect sense to start the refunds asap.
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July 30, 2014, 07:54:00 PM
 #4894


Perhaps SP Tech doesn't have the funds to refund customers now. Also, the venture capitalist/private funding people will get paid first most likely, these people make perhaps 500% on their investment so I would also guess that SP Tech paid these people from the Pre-Sale Funds.

Hope I am wrong

Typically, angel investors get paid after a certain amount of time according to a % of EBIT or revenue.

This period is almost never below 4 years.

Additionally, Angel investors typically profit from an exit scenario according to a percentage of their original funding.

Bitcoin Mining Hardware Design Business is not Typical and I am sure you know that, 4 Years is very long time in this business, I am pretty confident that investors are getting paid but we will never know due NDA.

 
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July 30, 2014, 07:55:33 PM
 #4895

Bitfury´s internal cost for hardware deployment should be around 0.4$/GH.

Much of their deployed hardware is sold to big farms or deployed with some form of franchizing mechanism.

@Midyatspor

I highly doubt that any large amount of payments are due during their product launch and within their production period (that would be plain stupid and nobody would draft a contract like that).
Investors want the company to succeed, and not cripple them by making them pay while they still need funds to increase their cashflow.
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July 30, 2014, 07:58:47 PM
 #4896

Complete BS, both claims.
So what is the reason for the delay on compensation then? You can stop the speculation right here and now with an honest answer.
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July 30, 2014, 07:58:53 PM
 #4897

Well then give us the real reason, it has been asked several times since yesterday and we haven't got any oficial reply.
Already stated in the original message. We're concentrating on building, testing and shipping now.
We're are a very small team, stressed to the maximum. Especially with the current situation in Israel.
I won't discuss the matter further for now. We'll compensate per our promise.

Guy

New Mimblewimble implementation: https://www.beam.mw
Spondoolies is back with the SPx36: https://www.spondoolies-tech.com/products/spx36
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July 30, 2014, 07:59:19 PM
 #4898

Did something extraordinary happen to counteract all the bad news from spondoolies?

Shipping started!

H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
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July 30, 2014, 08:08:42 PM
 #4899

As requested some stats from the first hours of working of the SP30


The other machine is a SP10, I would say that my unit is happily hashing at 4.4Th no more and no less.
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July 30, 2014, 08:16:27 PM
 #4900

Gees... This seems bad, however I have to wonder how long this can be sustained. There are so many what ifs I guess.

I wonder how much they are deploying at a time.

BitFury rhythm is about 10-20MW every two months. The 25% three jumps ago was their 20MW Georgian DC.

Not so long. Their hardware is outdated. They wasted too much time playing with LightFury (scrypt 55nm ASIC).

List of recent failures:
- Still didn't TO their custom UMC 40nm effort (AFAIK, unconfirmed)
- Scrapped big 28nm ASIC on Thermals. They got burnt from big ASICs and keeping the small ASICs design approach.
- Scrapped 20nm custom ASIC effort. "Too complicated and takes too much time". Straight from the horse mouth.
- Starting again a fully custom 28nm ASIC

Just by judging what HW is currently being sold (and bought!!) at crap-bay, I also think that a significant chunk of the current hashrate soon will just disappear because they realise that they only make a couple of bits with it... wonder if this will have any impact.

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