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

[jtoomim]

this scheme needs some qualification. For example, what if I pay for three months upfront and then, after a month or two, have to do a RMA back to Spondoolies. What would happen in this case?

Our policy is to charge 50% for reserving the space for you whether or not you actually use it, and 50% for actually using the power. If you buy 3 months of hosting and tell us your machine will arrive on September 20th, but you had the bad luck to have purchased from (e.g.) Black Arrow, and they tell you (and you tell us) "next week" until November 20th (2 months later), then you would have 2 months of hosting left.

We are ordering spare PSUs for SP10s and SP30s, so if the issue is PSU-related, we'll swap your PSU(s) out with our spares and RMA the faulty ones, and have you up and running in about a day. If it's an issue with the miner itself, then you'll have to wait for the RMA to return, and will only pay 50% hosting fees for the duration, unless I take pity on you and waive the 50% space reservation charge.

[grn]

What is the hosting cost for a september SP30?

In my DC, an SP30 (3 kW) costs a different amount depending on what term you pay for upfront:

Term_duration	Monthly rate	Total
1 month	$270	$270
3 months	$249	$747
6 months	$228	$1368
12 months	$210	$2520

No setup fees, no VAT.

In the Spondoolies DC, rates are $500 per month or $1200 for 3 months.

You can find other hosting options in the hosting directory and reputation thread here: https://bitcointalk.org/index.php?topic=622998

how much per month will these make in nov/dec? looks like .064 btc in oct at current $449 price thats less than hosting cost. .14 in nov = $63. figures at 15% diff increase, tomorrow looks to be 19% and spondoolies have yet to ship most of the august batch. bigger increases to come. Looks like roadstress is the only one who will not lose thousands on that group buy.

pre orders always seem to be a sure looser

[RoadStress]

how much per month will these make in nov/dec? looks like .064 btc in oct at current $449 price thats less than hosting cost. .14 in nov = $63. figures at 15% diff increase, tomorrow looks to be 19% and spondoolies have yet to ship most of the august batch. bigger increases to come. Looks like roadstress is the only one who will not lose thousands on that group buy.

pre orders always seem to be a sure looser

Please explain better the 0.064 btc in oct and 0.14 in nov. Per day? Per month?

I haven't participated in the GB because I was out of money. I hope to participate in a Oct/Nov GB.

[grn]

how much per month will these make in nov/dec? looks like .064 btc in oct at current $449 price thats less than hosting cost. .14 in nov = $63. figures at 15% diff increase, tomorrow looks to be 19% and spondoolies have yet to ship most of the august batch. bigger increases to come. Looks like roadstress is the only one who will not lose thousands on that group buy.

pre orders always seem to be a sure looser

Please explain better the 0.064 btc in oct and 0.14 in nov. Per day? Per month?

I haven't participated in the GB because I was out of money. I hope to participate in a Oct/Nov GB.

Did you not receive an SP30?

[grn]

how much per month will these make in nov/dec? looks like .064 btc in oct at current $449 price thats less than hosting cost. .14 in nov = $63. figures at 15% diff increase, tomorrow looks to be 19% and spondoolies have yet to ship most of the august batch. bigger increases to come. Looks like roadstress is the only one who will not lose thousands on that group buy.

pre orders always seem to be a sure looser

Please explain better the 0.064 btc in oct and 0.14 in nov. Per day? Per month?

I haven't participated in the GB because I was out of money. I hope to participate in a Oct/Nov GB.

That was a typo  should have been .64, heres more numbers with smaller diff increases, maybe the bitcoin fairy will help you suckers group buy participants out by keeping the increases unrealistically low.

hope your well built miner cost less than 3.2BTC because it will be a paperweight by new years if its hosted

Date                                    Difficulty   Revenue   Profit           Return
2014                0
8-28 – 8-31 (4 days)            22689 M   0.2823   0.2823   0.2823
9-1 – 9-30 (34 days)            22689 M   1.567   1.567   1.849
10-1 – 10-31 (65 days)   34507 M   0.9099   0.9099   2.759
11-1 – 11-30 (95 days)   45635 M   0.4006   0.4006   3.16
12-1 – 12-31 (126 days)   60353 M   0.04377   0.04377   3.204
2015
1-1 – 1-31 (157 days)   91790 M   -0.2259   -0.2259   2.978

[Collider]

Any kind of difficulty speculation (over a prolongued period of time) is pure voodo.

You would also need to be able to accurately predict bitcoin price over time (if you were able to do that, you could make a lot of money trading).


The only thing to say here is that we have seen a constant slow down in the average percentage of difficulty increases over the last months.

hope your well built miner cost less than 3.2BTC because it will be a paperweight by new years if its hosted

If the groupbuy units won´t ROI, I am very sure that nearly no miner that has been sold for the last month would.

Also, very competitive hosting prices (with rates lower than most American electricity tarriffs) should help you turn a profit faster.

[grn]

Any kind of difficulty speculation (over a prolongued period of time) is pure voodo.

You would also need to be able to accurately predict bitcoin price over time (if you were able to do that, you could make a lot of money trading).


The only thing to say here is that we have seen a constant slow down in the average percentage of difficulty increases over the last months.

Guess I missed that, silly me.......

Bitcoin Difficulty:   19,729,645,941
Estimated Next Difficulty:   23,490,170,914 (+19.06%)
Adjust time:   After 111 Blocks, About 15.5 hours
Hashrate(?):   174,901,078 GH/s
Block Generation Time(?):   
1 block: 8.4 minutes
3 blocks: 25.1 minutes
6 blocks: 50.3 minutes
Updated:   22:45 (3.1 minutes ago)

Increases have gone down from avg 20% to 16%   I used 15

[Collider]

I think the term average in my post specifies that more than one jump should be considered.

[grn]

I think the term average in my post specifies that more than one jump should be considered.

Agreed

[Collider]

Additionally, past performance isn´t neccesarrily an indicator for future performance (as can be found on many stock brochures).

[grn]

Additionally, past performance isn´t neccesarrily an indicator for future performance (as can be found on many stock brochures).

This isn't the stock market its a game and fairly predictable. Miners and bitcoins / various shitcoins are toys for most of us; that does not mean I wish to throw money away on equipment that can never roi. after all the point of the game is to roi. These SP30s won't come anywhere close to roi at this point, plus add the cost of hosting. Maybe if they were delivered a month ago 

If you are reading stock brochures I recommend you hire a proper consultant for your investing needs,

[RoadStress]

Did you not receive an SP30?

I did, but not from the GB. I already mentioned that I had a July SP30 ordered and a Farmer's Choice bundle which was available before the GB.

10-1 – 10-31 (65 days)   34507 M   0.9099   0.9099   2.759
11-1 – 11-30 (95 days)   45635 M   0.4006   0.4006   3.16
12-1 – 12-31 (126 days)   60353 M   0.04377   0.04377   3.204

So you expect the difficulty to rise with 80% from October to December, but you also state that no miner will ROI. Please explain me how do you expect a rise in difficulty with 80% while everyone is complaining that there are no more money to be made in mining.

[Collider]

Additionally, past performance isn´t neccesarrily an indicator for future performance (as can be found on many stock brochures).

This isn't the stock market its a game and fairly predictable. Miners and bitcoins / various shitcoins are toys for most of us; that does not mean I wish to throw money away on equipment that can never roi. after all the point of the game is to roi. These SP30s won't come anywhere close to roi at this point, plus add the cost of hosting. Maybe if they were delivered a month ago  

If you are reading stock brochures I recommend you hire a proper consultant for your investing needs,

For many people, investing in anything (be it bitcoin or more traditional assets) is not a game.

There is no way to accurately predict whether any miner will actually ROI (as nobody can see the future), you can however try to compare it to other products, and that comparison favours the sp30 in my opinion.

Comparison is a good indicator, as most miners will stop buying additional hardware and turn off said miners when they pay more for electricity than they get from mining.

After all the point of the game is to roi.

The point of mining is to secure the bitcoin transactions, earning anything is just an incentive.
While I not neccessarily totally agree with that statement, many people mined before BTC was even tradeable, and considered to have any sort of value.

I do not see how hosting at a competitive price hinders you from getting ROI, especially when other miners are less efficient.

I further see no big problem in the pricing of spondoolies product, and the fact that they are sold out more than one month in advance speaks for itself (from an economical standpoint).

[jimmothy]

I see no big problem in the pricing of spondoolies product, and the fact that they are sold out more than one month in advance speaks for itself (from an economical standpoint).

I have to disagree.

Spondoolies really needs to keep up with the competition. They were asking $0.94/gh while Bitmain and AM are offering $0.6/gh.

I really doubt most sp30s are sold at non-negotiated prices.

[grn]

Did you not receive an SP30?

I did, but not from the GB. I already mentioned that I had a July SP30 ordered and a Farmer's Choice bundle which was available before the GB.

10-1 – 10-31 (65 days)   34507 M   0.9099   0.9099   2.759
11-1 – 11-30 (95 days)   45635 M   0.4006   0.4006   3.16
12-1 – 12-31 (126 days)   60353 M   0.04377   0.04377   3.204

So you expect the difficulty to rise with 80% from October to December, but you also state that no miner will ROI. Please explain me how do you expect a rise in difficulty with 80% while everyone is complaining that there are no more money to be made in mining.

I expect average 15% increases for the short term, not sure where i said 80. Where did I state no miner will roi? please quote.

[Collider]

I see no big problem in the pricing of spondoolies product, and the fact that they are sold out more than one month in advance speaks for itself (from an economical standpoint).

I have to disagree.

Spondoolies really needs to keep up with the competition. They were asking $0.94/gh while Bitmain and AM are offering $0.6/gh.

I really doubt most sp30s are sold at non-negotiated prices.

The success in sales alone proves that the sp30 is a product with demand at that specific pricing, and is therefore correctly priced from a business standpoint.

AM is basically selling at internal cost, which spondoolies cannot do as they
a) are still a smaller player in this game and
b) need funds to increase their volume (which will in turn lead to better prices in the future, and hopefully even better product)

Bitmain have sold their August batches with signigicant profit and nowhere near 0.6$/GH, especially when considering additional PSU cost.

[RoadStress]

I see no big problem in the pricing of spondoolies product, and the fact that they are sold out more than one month in advance speaks for itself (from an economical standpoint).

I have to disagree.

Spondoolies really needs to keep up with the competition. They were asking $0.94/gh while Bitmain and AM are offering $0.6/gh.

I really doubt most sp30s are sold at non-negotiated prices.

I have highlighted the relevant text for you. Why is it so hard to accept that some people like to pay extra for various things. In this case I have no problem paying a little extra for a compact and robust case and no wire mess. I do consider that paying a bit extra will still bring me ROI and I have yet to see a regular miner setting up his S3s in a DC. I know there are people that personally set them up in their DC, but I haven't seen a long distance relationship like I'm having with Advania.

I expect average 15% increases for the short term, not sure where i said 80. Where did I state no miner will roi? please quote.

Read my last post again. I said 80% for 2 months, not per difficulty jump. Here is where you said that no miner will ROI:

hope your well built miner cost less than 3.2BTC because it will be a paperweight by new years if its hosted

In your difficulty projection you are stating that in 2 months from October to December we will have more than the total current hashpower added to the network. I find that highly unlikely, but I don't mind people making wrong projections. It means that I will earn more bitcoins.

[grn]

Additionally, past performance isn´t neccesarrily an indicator for future performance (as can be found on many stock brochures).

This isn't the stock market its a game and fairly predictable. Miners and bitcoins / various shitcoins are toys for most of us; that does not mean I wish to throw money away on equipment that can never roi. after all the point of the game is to roi. These SP30s won't come anywhere close to roi at this point, plus add the cost of hosting. Maybe if they were delivered a month ago  

If you are reading stock brochures I recommend you hire a proper consultant for your investing needs,

For many people, investing in anything (be it bitcoin or more traditional assets) is not a game.

There is no way to accurately predict whether any miner will actually ROI (as nobody can see the future), you can however try to compare it to other products, and that comparison favours the sp30 in my opinion.

Comparison is a good indicator, as most miners will stop buying additional hardware and turn off said miners when they pay more for electricity than they get from mining.

After all the point of the game is to roi.

The point of mining is to secure the bitcoin transactions, earning anything is just an incentive.
While I not neccessarily totally agree with that statement, many people mined before BTC was even tradeable, and considered to have any sort of value.

I do not see how hosting at a competitive price hinders you from getting ROI, especially when other miners are less efficient.

I further see no big problem in the pricing of spondoolies product, and the fact that they are sold out more than one month in advance speaks for itself (from an economical standpoint).

You obviously either don't understand or are in denial, either one affects me not. If you wish to get half of your "investment" back go right ahead and buy all the SP30 you can and sign up for the $400 per month hosting while your miner earns less than the hosting cost.

PT Barnum comes to mind with your last statement

[Collider]

400$ hosting is by no way representative of the best (or even average for that matter) hosting cost for that specific piece of hardware.

Hosting provided by spondoolies in their Israel DC is meant as a short-term solution only, and is basically provided at-cost.

[grn]

I see no big problem in the pricing of spondoolies product, and the fact that they are sold out more than one month in advance speaks for itself (from an economical standpoint).

I have to disagree.

Spondoolies really needs to keep up with the competition. They were asking $0.94/gh while Bitmain and AM are offering $0.6/gh.

I really doubt most sp30s are sold at non-negotiated prices.

I have highlighted the relevant text for you. Why is it so hard to accept that some people like to pay extra for various things. In this case I have no problem paying a little extra for a compact and robust case and no wire mess. I do consider that paying a bit extra will still bring me ROI and I have yet to see a regular miner setting up his S3s in a DC. I know there are people that personally set them up in their DC, but I haven't seen a long distance relationship like I'm having with Advania.

Pay all you like for various things, I often pay extra for quality. I dont care about wire mess or quality when it comes to miners, I care about ROI. what's the fun in plug and play, might as well buy cloud hashing. I want my miners at home, have a whole room set up for it, but no 220v so the SP30 would really suck in my or many other peoples case.

there are always plenty of fools to buy pre orders  even bfl sold out