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Author Topic: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs  (Read 1256424 times)
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August 24, 2014, 12:27:30 AM
 #6221


http://s4.postimg.org/4w614qsvx/elig.jpg

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.
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August 24, 2014, 01:33:03 AM
Last edit: August 24, 2014, 03:25:31 PM by ckolivas
 #6222

Perhaps you just are not technically competent to run 12 of something as simple as the S3 Smiley (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.

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August 24, 2014, 01:34:52 AM
Last edit: August 24, 2014, 03:25:43 PM by ckolivas
 #6223

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".

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August 24, 2014, 01:45:28 AM
Last edit: August 24, 2014, 03:25:54 PM by ckolivas
 #6224

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.

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August 24, 2014, 01:54:17 AM
Last edit: August 24, 2014, 03:26:11 PM by ckolivas
 #6225

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.


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August 24, 2014, 02:15:56 AM
 #6226

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.

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August 24, 2014, 02:22:58 AM
 #6227

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.

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August 24, 2014, 02:26:28 AM
Last edit: August 24, 2014, 03:26:22 PM by ckolivas
 #6228

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.

Hosting bitcoin miners for $65 to $80/kW/month on clean, cheap hydro power.
http://Toom.im
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August 24, 2014, 03:39:47 AM
Last edit: August 24, 2014, 03:26:56 PM by ckolivas
 #6229

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

New Mimblewimble implementation: https://www.beam.mw
Spondoolies is back with the SPx36: https://www.spondoolies-tech.com/products/spx36
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August 24, 2014, 03:58:20 AM
 #6230

...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

New Mimblewimble implementation: https://www.beam.mw
Spondoolies is back with the SPx36: https://www.spondoolies-tech.com/products/spx36
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August 24, 2014, 04:26:55 AM
 #6231

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.

Quote
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.
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August 24, 2014, 04:31:59 AM
Last edit: August 24, 2014, 03:27:33 PM by ckolivas
 #6232

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.

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August 24, 2014, 04:34:23 AM
 #6233


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?

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August 24, 2014, 05:02:05 AM
 #6234

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.

New Mimblewimble implementation: https://www.beam.mw
Spondoolies is back with the SPx36: https://www.spondoolies-tech.com/products/spx36
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August 24, 2014, 05:05:38 AM
Last edit: August 24, 2014, 03:27:52 PM by ckolivas
 #6235

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.

New Mimblewimble implementation: https://www.beam.mw
Spondoolies is back with the SPx36: https://www.spondoolies-tech.com/products/spx36
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August 24, 2014, 05:41:32 AM
 #6236

...
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.

New Mimblewimble implementation: https://www.beam.mw
Spondoolies is back with the SPx36: https://www.spondoolies-tech.com/products/spx36
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August 24, 2014, 05:48:25 AM
 #6237

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.
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August 24, 2014, 06:05:21 AM
Last edit: August 24, 2014, 03:28:16 PM by ckolivas
 #6238

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.
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August 24, 2014, 06:20:11 AM
 #6239


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?
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August 24, 2014, 06:27:07 AM
Last edit: August 24, 2014, 06:49:29 AM by Collider
 #6240

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...)


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