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

[wissam]

@jtoomim: I have resent the reservation email to all 3 email address that you provided. Please confirm that you got it. I'm still waiting on Spondoolies so confirm my order change from Hosting with them to shipping and hosting with you.

You can expect that we will be doing good business together because I intend to send a few units your way every 2-3 months depending on my circumstances, so keep growing your hosting site mate you will need it

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[opentoe]

thats the catch...it is NOT a mistake by TSMC if they are as spondoolies said 'within spec' just at the low end of that ...I"m sure if they were truely out of spec
spondoolies would have other options....such stuff is likely written by TSMC to benifit them in slippage one direction or the other on performance anyway imho.

Searing

Isn't a small batch made up first for testing before throwing in the towel for mass production? I thought that's how products are made, no?

[opentoe]

The SP31 cost more then the last SP30? And will be delivered after all the SP30's? It is advertised as 5.5TH, is that confirmed or is there a chance that may come out as 4.5TH also? Is there any guarantee that the SP31 will be 5.5TH?

[jtoomim]

Isn't a small batch made up first for testing before throwing in the towel for mass production? I thought that's how products are made, no?

In reasonable industries, yes. Not in Bitcoin mining.

Spondoolies is guaranteeing a hashrate of 5.5 TH/s for the October batch. Any performance below that will be compensated to preserve the $/GH/s ratio. For example, if your miner was only 4.95 TH/s (10% lower), they would give you 10% of your money back.

The SP31s have a higher hashrate than the SP30s, which is why they cost more.

[opentoe]

My order pre-dates the group order by a week or two and I've had my 3xSP30 hosted with Spondoolies and mining for 6 days now.
One was a bit ropey initially so they replaced it and added an extra node for a day to make up for the few hours downtime.
   
My pre-order experience with Spondoolies has been way better than most suppliers.
They were slightly overconfident to hit such high targets with that form factor on the initial batch, but not so much.
They have delivered good solid kit, on time, and not disastrously off spec. Plus they're giving some compensation.
This makes them a top supplier in my experience.

Pre-orders are a huge risk we choose to take in an attempt to get ahead of the curve.
They always miss spec on batch 1, almost always involve massive delays, and way too frequently the manufacturer delivers obsolete kit or nothing at all.
These guys have done extremely well.

BB

 

When do you think you'll get all your money back from mining with those? It does stink that BTC has fallen over $100 in the last weeks.

[wissam]

My order pre-dates the group order by a week or two and I've had my 3xSP30 hosted with Spondoolies and mining for 6 days now.
One was a bit ropey initially so they replaced it and added an extra node for a day to make up for the few hours downtime.
   
My pre-order experience with Spondoolies has been way better than most suppliers.
They were slightly overconfident to hit such high targets with that form factor on the initial batch, but not so much.
They have delivered good solid kit, on time, and not disastrously off spec. Plus they're giving some compensation.
This makes them a top supplier in my experience.

Pre-orders are a huge risk we choose to take in an attempt to get ahead of the curve.
They always miss spec on batch 1, almost always involve massive delays, and way too frequently the manufacturer delivers obsolete kit or nothing at all.
These guys have done extremely well.

BB

 

@Spondoolies: Please ensure you test my units before shipping to Toom.im I can't have issues and situations where we have to ship items back and forth, especially since we are dealing with quite a few units the chances of issues with some of them is very possible.

[opentoe]

Perhaps you just are not technically competent to run 12 of something as simple as the S3 (I couldn't resist)... Seriously both pieces of hardware are solid and arguing this aspect of the conversation is silly..

I have many S3's scattered around and have been hashing for a while now. Bought from stock and got them a week later. If you set them up properly they will run like tanks. The best thing a miner can do is hash, which means he is running dirt and getting gold. If you are waiting on hardware and have already spent money weeks ago then you are losing money. Plain and simple. If you aren't dumping dirt into the hopper, (hashing), you aren't making any money. Unfortunately after finally reading through all the BS in this thread I don't like the terms on Spon's new SP31. They guarantee 5.5TH/s but in a form of compensation which would be AFTER you receive the hardware. In my opinion, that's just a little odd. Slap on a no refund and you're stuck if not happy with the results.

It is really hard to catch up on this thread.

[opentoe]

I hope the SP31 will be delivered early October (Not second half), and with the expected hashrate, or better ;  Now the chips process must be mature... The early bugs or miscalculations are behind, no?

On their website it says "second half of October".

[opentoe]

Plenty of people, myself included, tried to warn GB participants of this (and other present concerns).  However, if you recall it was a self-moderated thread by Roadstress and he did a wonderful job in silencing anyone who raised these concerns.

That aside, you pre-ordered.  You assumed any and all risks associated with pre-orders, some of which have become reality.  I'd recommend just accepting the situation for the short term and never making the preorder mistake again.

He made Spondoolie a lot of money and he was compensated I think it was 18BTC I read. Unfortunately from reading this thread most people are pissed off that were in that group buy. I don't think someone running a group buy should of moderated/deleted posts of normal concerns and situations. Was that really done? "Silencing anyone who raised these concerns?" I'm just trying to get informed as much as I can so I can make the best decisions later on.

[opentoe]

With a small of exception of the last SP10 batches, we always shipped pre-orders and not about to be produced miners.
We're producing and shipping in the entire shipping period.
We don't produce to a farm, self-mine and ship from the farm at a pre-determined date like Bitmaintech.

That's how Bitmaintech sells from stock. They have to mine themselves so they can sell from stock. You guys couldn't sell from stock and if you wanted to, you might throw up a farm for yourself so you could. I like both companies and support is much better with SP-TECH but in the long run once you become old and cynical like me you get tired of the pre-order game. That's all.

[opentoe]

Video of our DC, with a bit of SP30 and SP10 action at around 3m00s.

https://www.youtube.com/watch?v=2rQ-YIDmsBc

Hey guys, glad to see you are getting things together. I hope to be there soon. One question, I know the SP10's get REAL hot on the bottom. Too hot to even touch it. I don't know if the SP30 is like that or not. When you mount multiple SP10's in one rack are the bottoms physically touching another SP10 top? If so, does that even make a difference since your cooling is really efficient there?
Thanks.

[opentoe]

Terribly sorry for all the posts together, but when I'm trying to catch up on the thread and want to respond that's how this forums behaves. As it should have been upgraded with donations a very long time ago.

[jtoomim]

Hey guys, glad to see you are getting things together. I hope to be there soon. One question, I know the SP10's get REAL hot on the bottom. Too hot to even touch it. I don't know if the SP30 is like that or not. When you mount multiple SP10's in one rack are the bottoms physically touching another SP10 top? If so, does that even make a difference since your cooling is really efficient there?
Thanks.

The bottoms do get hot, but the tops normally do not. In our DC, the bottoms don't get quite as hot because the tops of the machines below act as heatsinks. The overall effect on cooling capacity is pretty small, though, since the surface areas of the tops and bottoms are small compared to the surface area of the actual heatsinks inside the SP10.

SP30 cases do not get hot at all.

If you're having difficulty keeping up with a bunch of posts, you can just edit your most recent post and add stuff to it. Makes things much easier to read for others. Also, you can trim your quotations to keep only the relevant bits. That saves space too.

[Spondoolies-Tech]

That's how Bitmaintech sells from stock. They have to mine themselves so they can sell from stock. You guys couldn't sell from stock and if you wanted to, you might throw up a farm for yourself so you could. I like both companies and support is much better with SP-TECH but in the long run once you become old and cynical like me you get tired of the pre-order game. That's all.

So you're suggesting we'll build huge farms and pre-mime ourselves on customers hardware before shipping it like Bitmaintech ?
mmm. Let me think about it. Let's say I want to produce 5,000 SP31 in December (just an example, not a real batch number)
I'll need a 15MW farm.
Ok, I'm convinced we'll build it. But if we're building 15MW, why not build 150MW?
Why do I need to sell the miners?
I'll do more money by mining myself over few months.

I'm cynical here myself.

Buying from any manufacturer with farm just hastened the centalrization of the network.
BitFury, KNC, Cointerra, Bitmaintech.

If one of those will think it got technology and cost advantage they'll stop selling and do only self mining. They're using hardware sell as a mean towards increasing their own farm percentage in the total network hash-rate.

Buying from any of the above is scrarifying the long term for short term gain.

Guy

[Spondoolies-Tech]

...He made Spondoolie a lot of money and he was compensated I think it was 18BTC I read...

You did an impressive catchup but both statements are untrue.

I don't consider the groupbuy a commercial success. It was a good PR at the time though:

- We're honoring the 200 units price pointe although considerably less than 200 were paid for.
- RoadStress donated 90% of the reservation fees.

I don't intend to repeat such GBs in the near future. We'll honour all our obligations including August shipping, Titan hosting and compensation for the missing hash-rate.

Guy

[jimmothy]

So you're suggesting we'll build huge farms and pre-mime ourselves on customers hardware before shipping it like Bitmaintech ?
mmm. Let me think about it. Let's say I want to produce 5,000 SP31 in December (just an example, not a real batch number)
I'll need a 15MW farm.
Ok, I'm convinced we'll build it. But if we're building 15MW, why not build 150MW?
Why do I need to sell the miners?
I'll do more money by mining myself over few months.

I also think you should build a farm and sell from stock.

If you are building your own farm you won't be able to afford a 150MW farm plain and simple. If you could, you wouldn't have had to take preorders in the first place.

I'm cynical here myself.

Buying from any manufacturer with farm just hastened the centalrization of the network.
BitFury, KNC, Cointerra, Bitmaintech.

If one of those will think it got technology and cost advantage they'll stop selling and do only self mining. They're using hardware sell as a mean towards increasing their own farm percentage in the total network hash-rate.

Buying from any of the above is scrarifying the long term for short term gain.

Guy

I don't think buying from bitmain, cointerra, or knc is centralizing the network but that depends on your definition. Each of those companies is mining with less than 5% of the total hashrate which is perfectly safe. (I personally think bitfury at ~20% is not a problem but some might.)

I think Dave Carlson has the right idea with his franchising program and I'm interested to hear how you will be responding to it. It's like self mining while spreading the hashrate.

Bitmain is also a great example of how a company can have it's own giant farm and do hardware sales without a hitch.

[Bicknellski]

You did an impressive catchup but both statements are untrue.

I don't consider the groupbuy a commercial success. It was a good PR at the time though:

- We're honoring the 200 units price pointe although considerably less than 200 were paid for.
- RoadStress donated 90% of the reservation fees.

I don't intend to repeat such GBs in the near future. We'll honour all our obligations including August shipping, Titan hosting and compensation for the missing hash-rate.

Guy

Again thanks for that Guy.

Still waiting patiently for news.

[Bicknellski]

Buying from any manufacturer with farm just hastened the centalrization of the network.
BitFury, KNC, Cointerra, Bitmaintech.

If one of those will think it got technology and cost advantage they'll stop selling and do only self mining. They're using hardware sell as a mean towards increasing their own farm percentage in the total network hash-rate.

Buying from any of the above is scarifying the long term for short term gain.

Guy

Very important to note that aspect. It benefits everyone, except those companies, if we buy from Spondoolies-Tech like fabricators only if there are enough customers that can spread that hash rate out... are there really enough customers to do that and effectively help decentralize the network? I hope there are but the problem would persist if you have 1 or 2 significantly large customers of SPTech and I don't think you would mind selling to such customers right?

[Spondoolies-Tech]

I also think you should build a farm and sell from stock.

Our business plan is different. We want to keep technology edge over the competition and allowing our customers to beat the curve by pre-ordering our superior tech. We had production issue with our 2nd gen, which we're compensating for.
I do believe that even with the first slow corner batches of RockerBox, we currently have the best $/GHs ratio in the industry.

We prefer to have partners operating DCs for our customers. It's not our core competence. It also help de-centralising the network and help the eco-system.

I don't think buying from bitmain, cointerra, or knc is centralizing the network but that depends on your definition. Each of those companies is mining with less than 5% of the total hashrate which is perfectly safe. (I personally think bitfury at ~20% is not a problem but some might.)

Beside Bitmaintech, I know a lot of the other players plan. If one of them will succeed, it won't be good to the eco-system.
I do believe I understand Bitmaintech strategy. I suspect that one day soon they'll stop selling like the rest.
(Disclaimer: I'm under NDAs)

I think Dave Carlson has the right idea with his franchising program and I'm interested to hear how you will be responding to it. It's like self mining while spreading the hashrate.

Dave is a great guy. I would gladly supply miners to his program. I don't think it will succeed. It's a PR stunt for raising funds.

[Spondoolies-Tech]

Very important to note that aspect. It benefits everyone, except those companies, if we buy from Spondoolies-Tech like fabricators only if there are enough customers that can spread that hash rate out... are there really enough customers to do that and effectively help decentralize the network? I hope there are but the problem would persist if you have 1 or 2 significantly large customers of SPTech and I don't think you would mind selling to such customers right?

We do have large customers. The real threat is that one self-mining ASIC provider will be able to produce a killer ASIC.
Everyone of them are trying. Buying from them help their deployment and R&D efforts. As I wrote short-term gain, scarifying the long-term.