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

[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.

[Guy Corem]

@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.

[Guy Corem]

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.

[Guy Corem]

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

[Guy Corem]

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.

[BitCoin Operated Boy]

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.

That's the one of the reasons I decided to invest in you and main reason I decided to stay with you despite your recent failure with SP30s and compensation delays. So I will invest in SP31 now.

Regarding your 3rd/4th generation plans. When are you planning to release next generation and what hashing power are you aiming for?
I'm now trying to decide if I should invest in SP31 October batch or save funds for next generation.

[faraway]

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

Mining at home is complicated, bitcoin requires now a lot of kW; Anyway we can still use p2pool, it works better, a node can be configured with zero fee. A local node minimized the ping time between the miner machine, and the local p2pool node acting as a local server; it reduces useless internet traffic (the miner can be configured without direct internet access in that specific case). And the main advantage it keeps the mining process really decentralized.

[faraway]

That's the one of the reasons I decided to invest in you and main reason I decided to stay with you despite your recent failure with SP30s and compensation delays. So I will invest in SP31 now.

Regarding your 3rd/4th generation plans. When are you planning to release next generation and what hashing power are you aiming for?
I'm now trying to decide if I should invest in SP31 October batch or save funds for next generation.

I have invested in these machines too (SP30/SP31), but I've chosen to wait and see the manufacturers that can provide good hardware, pre-ordering is still an issue. The bitcoin ASIC uses now 28nm silicon, we can see that the higher end segment of silicon customers, the processors manufacturing, is still at 33nm for new products if we look at AMD, and 28nm for GPUs, Intel has a better process, but Intel owns the silicon manufacturing process. Do you really think short term updates other than simple optimizations? Anyway optimizations can be very effective sometime...

[wh00per]

That's the one of the reasons I decided to invest in you and main reason I decided to stay with you despite your recent failure with SP30s and compensation delays. So I will invest in SP31 now.

Regarding your 3rd/4th generation plans. When are you planning to release next generation and what hashing power are you aiming for?
I'm now trying to decide if I should invest in SP31 October batch or save funds for next generation.

I can't help the urge to let you know that buying a SP-T product means you invest in your mining operation and has nothing to do with any investments in the company per se. Also, SP30 is a sold out product, being what I define a commercial success despite the lower than expected performance.  

Looks like you did not make up your mind yet .. Are you trying to decide still or you got SP31 on order? Your post above is ambiguous.

[bronxnua]

I am in I ordered and paid for SP31.. 

I can't wait to get my hands on that..  I finally got cointerra to work right added a large fan in front blowing air through it is making it work solid.


So now I am going to have 5.5 TH and sell the cointerra.  wow.



According to the company you need 220v 30amps at least to run the SP31.

I will upgrade my service to that.. currently have 2 110v 20amp for the cointerra.    I have ordered the parts to upgrade the service.


10 awg wire Nema outlet and 30 amp 220v breaker  and a Compaq 30amp power distribution,  with 2 pdu cables.

Sweet..

[wh00per]

The bitcoin ASIC uses now 28nm silicon, we can see that the higher end segment of silicon customers, the processors manufacturing, is still at 33nm for new products if we look at AMD, and 28nm for GPUs, Intel has a better process, but Intel owns the silicon manufacturing process. Do you really think short term updates other than simple optimizations? Anyway optimizations can be very effective sometime...

Taking in account that 16/14nm silicon area is almost twice as expensive as that of 28nm, we can see some delay. Samsung says it's 14nm FinFET process provides improvements over current 20nm planar technology, resulting in 20 percent higher speeds, 35 percent less power consumption, and 15 percent area-scaling savings. It is said to be the favored choice for high-volume, power-efficient system-on-chip (SoC) designs. AMD is joining the alliance between Samsung and GlobalFoundries for the 14nm space.

[Bitcoin.Greece]

3000W/220V=13,6A
So SP31 need 14A to operate not 30A

[faraway]

3000W/220V=13,6A
So SP31 need 14A to operate not 30A

In Europe the voltage is often around 240V  or a little higher (12.5A); And some datacenters use the same voltage 240V, or a little higher 250V to improve the power supply efficiency, and to reduce the cabling costs.

[Collider]

Silicon area is always more expensive on a smaller process, but a much higher GH/area can be reached, therefore effectively making it cheaper.

[jtoomim]

According to the company you need 220v 30amps at least to run the SP31.

I will upgrade my service to that.. currently have 2 110v 20amp for the cointerra.    I have ordered the parts to upgrade the service.

Hosting your machine with me would be cheaper in capital costs and also electricity/recurring costs if your rates are above about $0.10.

A 20 amp 220V circuit would be fine. A 15 amp 240V circuit is right on the edge of possible, and not recommended.

[jtoomim]

16/14nm silicon area is almost twice as expensive as that of 28nm

If the area costs are twice as much for both 14 and 16 nm vs 28 nm, and the transistor area is just the feature size squared, then the transistor costs are:

2 * (16^2 / 28^2) = 65% for 16 nm vs 28 nm
2 * (16^2 / 28^2) = 50% for 14 nm vs 28 nm

This is an oversimplification in many ways, but maybe it will get you an idea.

The use of FinFETs in the smaller process is another improvement in performance which isn't captured by the simple XX nm metric.

[BitCoin Operated Boy]

That's the one of the reasons I decided to invest in you and main reason I decided to stay with you despite your recent failure with SP30s and compensation delays. So I will invest in SP31 now.

Regarding your 3rd/4th generation plans. When are you planning to release next generation and what hashing power are you aiming for?
I'm now trying to decide if I should invest in SP31 October batch or save funds for next generation.

I can't help the urge to let you know that buying a SP-T product means you invest in your mining operation and has nothing to do with any investments in the company per se. Also, SP30 is a sold out product, being what I define a commercial success despite the lower than expected performance.  

Looks like you did not make up your mind yet .. Are you trying to decide still or you got SP31 on order? Your post above is ambiguous.

I've finally received a compensation offer so now I can arrive at decisions about what to do next. I either invest in S-T again or Bitmain. Or both