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Author Topic: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs  (Read 1256101 times)
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montyfd
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July 30, 2014, 08:16:43 PM
 #4901

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 Their hardware is outdated.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

Loool, you just failed yourself in a big way and still have a big mouth pointing at other companies.
Better care for your own company.... Never seen a company talking so much bad about others as you do. Thats not the way to do business.
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raskul
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July 30, 2014, 08:20:14 PM
 #4902

Quote
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?

Quote
today remains a good day.

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

Having a life outside of internet forums often helps, you should try it sometime.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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July 30, 2014, 08:25:35 PM
 #4903

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.

Do you know for a fact it was them or are you guessing? AM have also been deploying their own gen 3 mine and plan to recapture their average hash rate from 2013.

Update

1. Due to the relatively lower interest from individual miners as well as OEM producers, the self mining has re-started from middle of July. We had gain access of cheap electricity and high power capacity. We hope to regain the average hashrate percentage similar to 2013 with this generation of chips.

2. The price rockminer gets is not the sales price. It's the premium of franchising. We gain the part of profits after the devices begin to generate revenue like the franchising of devices. The sales price of chips stay a relatively high margin because our option of building our own devices and sell/deploy is always wide open.

3. We announce the sales of our own devices. We would arrange an offline meeting in Shenzhen first to share more information. We will post the English version of it on the meetup sub-board.
Guy Corem
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July 30, 2014, 08:28:00 PM
 #4904

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

Loool, you just failed yourself in a big way and still have a big mouth pointing at other companies.
Better care for your own company.... Never seen a company talking so much bad about others as you do. Thats not the way to do business.

From all the ASIC companies, BitFury is the company I have most respect to. Good tech, usually very smart moves.
Self mining on a much larger scale than KNC, which I find very problematic.

BitFury is a good competition. They have 1.5 years head start on us, and daily revenues of $0.5M
We like the challenge.

Revealing some of the stuff going on behind the scene is bad ? I'm giving the customers more information, so they'll do an informed decision.

Indeed, we had a production issue. RockerBox will fulfill our expectations in October.

Going to sleep,
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, 08:44:26 PM
 #4905

From all the ASIC companies, BitFury is the company I have most respect to. Good tech, usually very smart moves.

Sure bitfury has good tech but according to you it's "outdated" and failed 3 separate generations.

Quote
Revealing some of the stuff going on behind the scene is bad ? I'm giving the customers more information, so they'll do an informed decision.

Pretending to know what is going on behind the scenes is bad. You are giving your customers nothing more than a false sense of security.

You make it sound like bitfury is the only company deploying hardware in mass. Are you forgetting AM, Cointerra, 21e6, peernova, bitmain, avalon, knc, and a few other megamines which all have yet to be deployed?
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July 30, 2014, 08:49:07 PM
 #4906

Sure bitfury has good tech but according to you it's "outdated" and failed 3 separate generations.

What's wrong with the statement. They can and do co-exist. Being good has nothing to do with the fact that the technology is outdated.

Quote
Pretending to know what is going on behind the scenes is bad. You are giving your customers nothing more than a false sense of security.

You make it sound like bitfury is the only company deploying hardware in mass. Are you forgetting AM, Cointerra, 21e6, peernova, bitmain, avalon, knc, and a few other megamines which all have yet to be deployed?

With ALL of those companies "deploying" hardware we only had an average of 5.5% increase in July. They either didn't deploy anything or they are just too weak to matter. (I am excluding bitmain because they DO matter)

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Powell
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July 30, 2014, 08:55:12 PM
 #4907

Neptune = 3.4/3.5TH and 2K at the wall per Tolip_wen
SP30 (Not looking at a late October batch) = ~4.5TH and 3k at the wall.

2x Neptune = 7TH and 4k at the wall
2x SP30 = ~9TH  and 6k at the wall.

Realistically for equal power to the wall you can run 10.5TH/s with Neptunes.

Right now the availability on both are close to the same (or you can buy someone elses pre-order).

I just find it funny that Roadstress sold over so many people (but gained "nothing" from it).  I know when the October batch of SP30s do it they will pick up the missing power, but since day one of your SP group buys you have trashed every single product.
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July 30, 2014, 09:02:06 PM
 #4908

Neptune = 3.4/3.5TH and 2K at the wall per Tolip_wen
SP30 (Not looking at a late October batch) = ~4.5TH and 3k at the wall.

2x Neptune = 7TH and 4k at the wall
2x SP30 = ~9TH  and 6k at the wall.

Realistically for equal power to the wall you can run 10.5TH/s with Neptunes.

Right now the availability on both are close to the same (or you can buy someone elses pre-order).

Why not add the prices too? Neptune was sold for over 3$/Gh while the SP30 was sold for less than 1$/Gh. The B3 Neptune is still selling for 1.7$/Gh so I wouldn't call the availability close to the same.

With the money spent on a B1 Neptune I could buy 2.5 SP30s for a whooping 11.25Th/s. Ok even if I can't split the SP30 in 2 I would still get 9Th/s and still have some money left in my pocket than getting a 3.5Th/s burning monster.

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July 30, 2014, 09:04:15 PM
 #4909

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.

You're lucky, my stats are not as good:

Quote
3 hours   4,286.57 Gh/s   10778880   

Hope that the 12-hour value will be better...

Follow me on twitter for the latest news on bitcoin and altcoins and I'll follow you back the same day!
Obyte - An open cryptocurrency platform ready for real world adoption
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July 30, 2014, 09:10:31 PM
 #4910

Neptune = 3.4/3.5TH and 2K at the wall per Tolip_wen
SP30 (Not looking at a late October batch) = ~4.5TH and 3k at the wall.

2x Neptune = 7TH and 4k at the wall
2x SP30 = ~9TH  and 6k at the wall.

Realistically for equal power to the wall you can run 10.5TH/s with Neptunes.

Right now the availability on both are close to the same (or you can buy someone elses pre-order).

Why not add the prices too? Neptune was sold for over 3$/Gh while the SP30 was sold for less than 1$/Gh. The B3 Neptune is still selling for 1.7$/Gh so I wouldn't call the availability close to the same.

With the money spent on a B1 Neptune I could buy 2.5 SP30s for a whooping 11.25Th/s. Ok even if I can't split the SP30 in 2 I would still get 9Th/s and still have some money left in my pocket than getting a 3.5Th/s burning monster.

I find that the only reasonable competition to SP30 would be ANTMINER S3 -B5 and it is shipped on 7th August.
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July 30, 2014, 09:13:55 PM
 #4911

I find that the only reasonable competition to SP30 would be ANTMINER S3 -B5 and it is shipped on 7th August.

What about this beast?



This is exactly what a 3KW miner should look like. Spondoolies should take notes.
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July 30, 2014, 09:20:14 PM
 #4912

I find that the only reasonable competition to SP30 would be ANTMINER S3 -B5 and it is shipped on 7th August.

What about this beast?



This is exactly what a 3KW miner should look like. Spondoolies should take notes.

They aren't bad neither. Consume a lot of power though.
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July 30, 2014, 09:21:07 PM
 #4913

I find that the only reasonable competition to SP30 would be ANTMINER S3 -B5 and it is shipped on 7th August.

What about this beast?

This is exactly what a 3KW miner should look like. Spondoolies should take notes.

You should take note that Bitfury uses customer funds to build mega farms and screw their customers ROI.

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BitCoin Operated Boy
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July 30, 2014, 09:22:57 PM
 #4914

I find that the only reasonable competition to SP30 would be ANTMINER S3 -B5 and it is shipped on 7th August.

What about this beast?

This is exactly what a 3KW miner should look like. Spondoolies should take notes.

You should take note that Bitfury uses customer funds to build mega farms and screw their customers ROI.
Yes. That's the reason I refused to support them and KNC.
Anyway I guess at this point Bitfury is so developed that selling miners they use for their farms is just a side, extra profit they would easily survive without
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July 30, 2014, 09:24:45 PM
 #4915

I find that the only reasonable competition to SP30 would be ANTMINER S3 -B5 and it is shipped on 7th August.

What about this beast?

This is exactly what a 3KW miner should look like. Spondoolies should take notes.

You should take note that Bitfury uses customer funds to build mega farms and screw their customers ROI.

Exactly this. Took our money, and just disappeared is what it felt like. Then add the mega farms, that seems bad just in general.
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July 30, 2014, 09:25:32 PM
 #4916

I find that the only reasonable competition to SP30 would be ANTMINER S3 -B5 and it is shipped on 7th August.

What about this beast?

This is exactly what a 3KW miner should look like. Spondoolies should take notes.

You should take note that Bitfury uses customer funds to build mega farms and screw their customers ROI.

maybe it screws roi in terms of btc.

  but maybe it keeps btc price higher  in terms of usd. (pick any currency)

bottom line for all of us is keeping the btc price high enough to bother to mine.

and I had around 1k into bitfury gear that was built and not delivered . I got a refund instead.

this is a very tough business for miners. just the way it is.

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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July 30, 2014, 09:27:39 PM
 #4917

You should take note that Bitfury uses customer funds to build mega farms and screw their customers ROI.

What difference do you think that actually makes? Whether they mine with their own systems or sell them to customers, the same amount of hashing power is still being added to the network so customers ROI will be the exact same.
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July 30, 2014, 09:30:30 PM
 #4918

maybe it screws roi in terms of btc.

  but maybe it keeps btc price higher  in terms of usd. (pick any currency)

Lower difficulty=more BTC for us=maybe same money with a lower exchange rate. Talking about the "what if" is hard especially when there is nothing to do right now. The reality is that they increased the hashrate for everyone.

You should take note that Bitfury uses customer funds to build mega farms and screw their customers ROI.

What difference do you think that actually makes? Whether they mine with their own systems or sell them to customers, the same amount of hashing power is still being added to the network so customers ROI will be the exact same.

They deploy hashrate at cost. Selling it to customers for a mark-up would mean that less hashrate is added for the same because of the cost difference and maybe because other unknown reasons.

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philipma1957
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July 30, 2014, 09:31:20 PM
 #4919

You should take note that Bitfury uses customer funds to build mega farms and screw their customers ROI.

What difference do you think that actually makes? Whether they mine with their own systems or sell them to customers, the same amount of hashing power is still being added to the network so customers ROI will be the exact same.

no they asked for a lot of preorder money then claimed it could not pass customs out of russia.  they refunded all of us and mined the gear.  without our   free loan so to speak they never would have had the gear.  everyone of us got a refund but no extra money

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
dropt
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July 30, 2014, 09:33:40 PM
 #4920

You should take note that Bitfury uses customer funds to build mega farms and screw their customers ROI.

What difference do you think that actually makes? Whether they mine with their own systems or sell them to customers, the same amount of hashing power is still being added to the network so customers ROI will be the exact same.

The difference is that the profit margin from consumer sales aided them in expanding at a blistering rate.  If you take away that income stream they're limited in what they can afford.
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