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

[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.

[1506066563]

1506066563

[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.

[Spondoolies-Tech]

...
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.
...

Spondoolies-Tech have clear technological advantage now. We have much more impressive 3rd and 4th gen under development.
I think that if we wanted to raise funds for mega farms, BitFury style, we could have done that.
KNC is doing that right now for example. So are other players.
BitFury doesn't need to do that, but fortunately, they are very delayed with their next gens.

I don't think it's good for the Bitcoin ecosystem at all.

KNC has proven track record of treating the ecosystem as a retirement fund.
CoinTerra switched to self mining (and selling unprofitable cloud contracts) and exchanges to fiat heavily on the open exchanges, exactly like KNC.
BitFury at least has the sense not to exchange in the exchanges (selling at 5% markup for high net-worth individuals who wants newly mined coins), but BitFury have unclear past and are partly responsible for the CEX.IO fiasco. I don't think they can be trusted not to harm the ecosystem.

[Collider]

I don´t think encouraging ASIC manufacturers building a farm is helping out the mining ecosystem.

Quite simply put, private mining would be dead if only one large scale manufacturer remained who is willing to sell to smaller customers.


Building a large farm also binds a lot of capital, which would be much needed in R&D aswell as increasing production in the meantime.

To keep up with ASIC development, you would need to raise additional capital somehow, and that wouldn´t neccessarily benefit the smaller miners either.

[Biodom]

Spondoolies-Tech have clear technological advantage now. We have much more impressive 3rd and 4th gen under development.
I think that if we wanted to raise funds for mega farms, BitFury style, we could have done that.
KNC is doing that right now for example. So are other players.
BitFury doesn't need to do that, but fortunately, they are very delayed with their next gens.

I don't think it's good for the Bitcoin ecosystem at all.

KNC has proven track record of treating the ecosystem as a retirement fund.
CoinTerra switched to self mining (and selling unprofitable cloud contracts) and exchanges to fiat heavily on the open exchanges, exactly like KNC.
BitFury at least has the sense not to exchange in the exchanges (selling at 5% markup for high net-worth individuals who wants newly mined coins), but BitFury have unclear past and are partly responsible for the CEX.IO fiasco. I don't think they can be trusted not to harm the ecosystem.

Well, if so many manufacturers are harming the system, then the system gets harmed. I, personally, think that "something is rotten in the state of Denmark".
Earlier in the year I thought that bitcoin network chance to succeed is 90:10, but now, after I observed comings and goings, I think that it is no more than 50:50, sorry.

[tvasbn]

Spondoolies-Tech have clear technological advantage now. We have much more impressive 3rd and 4th gen under development.
I think that if we wanted to raise funds for mega farms, BitFury style, we could have done that.
KNC is doing that right now for example. So are other players.
BitFury doesn't need to do that, but fortunately, they are very delayed with their next gens.

I don't think it's good for the Bitcoin ecosystem at all.

KNC has proven track record of treating the ecosystem as a retirement fund.
CoinTerra switched to self mining (and selling unprofitable cloud contracts) and exchanges to fiat heavily on the open exchanges, exactly like KNC.
BitFury at least has the sense not to exchange in the exchanges (selling at 5% markup for high net-worth individuals who wants newly mined coins), but BitFury have unclear past and are partly responsible for the CEX.IO fiasco. I don't think they can be trusted not to harm the ecosystem.
[/quote]

nothing on BFL whit their Monarchs?

[Collider]

BFL is a lost cause anyway, nobody in here treats them like real competition.

The only thing they are is a huge money sink for anyone who tries to invest with their hardware.

(And don´t get me started on their possibly illegal activities...)

[tvasbn]

We too have orders at them, at this moment we're waiting the refund.

[Collider]

We too have orders at them, at this moment we're waiting the refund.

I will not hold it against you as your account is still quite new (and I guess you are already punished enough by dealing with BFL)

Anyone who does a quick forum search should immediatly be put off buying BFL products.

[vortexz]

We too have orders at them, at this moment we're waiting the refund.

weird, i'm also waiting for a refund from your company !  

[tvasbn]

weird, i'm also waiting for a refund from your company !  

You order an Antminer S2 from us, you receive it, mine whit them, and after a week change your mind and ask us for your money back. We instead paid for a product and never receive that product.


Edit: As i know in Bitcoin mining industry all sales are final, there are no return policies, otherwise people will buy miners, mine whit them for 20 days an then return them.

[wissam]

@Spondoolies: What's the ETA on September Batch 1? What order number are you at now so that we can have an idea how much longer we have to wait.

[HorseRider]

Spondoolies-Tech have clear technological advantage now. We have much more impressive 3rd and 4th gen under development.
I think that if we wanted to raise funds for mega farms, BitFury style, we could have done that.
KNC is doing that right now for example. So are other players.
BitFury doesn't need to do that, but fortunately, they are very delayed with their next gens.

I don't think it's good for the Bitcoin ecosystem at all.

KNC has proven track record of treating the ecosystem as a retirement fund.
CoinTerra switched to self mining (and selling unprofitable cloud contracts) and exchanges to fiat heavily on the open exchanges, exactly like KNC.
BitFury at least has the sense not to exchange in the exchanges (selling at 5% markup for high net-worth individuals who wants newly mined coins), but BitFury have unclear past and are partly responsible for the CEX.IO fiasco. I don't think they can be trusted not to harm the ecosystem.

Impressive. SP used to be a good company which delivered good products. Now they deliver gossips and day dream like a bitch.

[Spondoolies-Tech]

@Spondoolies: What's the ETA on September Batch 1? What order number are you at now so that we can have an idea how much longer we have to wait.

We'll start to build and ship September Batch 1 at the beginning of September and expect to finish Batch 1 by week 3.
Order numbers aren't representative of the amount of time you'll need to wait. There are bulk orders and single miner orders. There are customers who delayed payment considerably, etc.

[Spondoolies-Tech]

Impressive. SP used to be a good company which delivered good products. Now they deliver gossips and day dream like a bitch.

You're welcome. It always pleasure to have another AM SH (Board member?) visiting our little thread.
Share some gossips: What's the status of BE3500 ?
Send my regards to David and FC.

Guy

[Bicknellski]

You're welcome. It always pleasure to have another AM SH (Board member?) visiting our little thread.
Share some gossips: What's the status of BE3500 ?
Send my regards to David and FC.

Guy

Pew pew ... pew pew...

The war never ends I see.

[DrBit]

The foundation of bitcoin was built in peoples home spread across the globe.
Mining is no longer feasible at home anymore, by limiting this technology to data centres it centralises bitcoin to farms

If bitcoin is to succeed than the foundation must remain with the people, mining machines must be created to allow people to mine in their own homes.
There is nothing decentralised about a currency mined and managed by huge data centres.

I arge all suppliers of mining machines to create machines that ROI for home use (i.e air conditioned, low noise, competitive hush and affordability)
There is a huge untapped market here which would help the stability and success of bitcoin.

[Spondoolies-Tech]

Pew pew ... pew pew...

The war never ends I see.

No war at all. I consider AM good to the eco-system, assuming they won't revert to massive self mining.
I even tried to reached out several times and met David.

Guy

[Spondoolies-Tech]

The foundation of bitcoin was built in peoples home spread across the globe.
Mining is no longer feasible at home anymore, by limiting this technology to data centres it centralises bitcoin to farms

If bitcoin is to succeed than the foundation must remain with the people, mining machines must be created to allow people to mine in their own homes.
There is nothing decentralised about a currency mined and managed by huge data centres.

I arge all suppliers of mining machines to create machines that ROI for home use (i.e air conditioned, low noise, competitive hush and affordability)
There is a huge untapped market here which would help the stability and success of bitcoin.

I agree. The problem is that it's very difficult to do these days, unless you have a considerable superior ASIC

[Bicknellski]

No war at all. I consider AM good to the eco-system, assuming they won't revert to massive self mining.
I even tried to reached out several times and met David.

Guy

I don't doubt that. Although the rhetoric is harsh at times from the surrogates.