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

[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.

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[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

[Biodom]

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

you were probably a proverbial squeaky wheel because i got no offers. did anybody else get anything?

[Spondoolies-Tech]

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

you were probably a proverbial squeaky wheel because i got no offers. did anybody else get anything?

We're contacting each customer by email and it will take few days.

[opentoe]

https://tradeblock.com/mining/a/4a5ef71725


Would others agree that those numbers are somewhat in the right range? I lowered the diff from %32 down to %14. Is the max profit of $318 even in the right ball park? Trying to get a grasp on that SP31. And those numbers don't even include a hosting fee either.

[Spondoolies-Tech]

https://tradeblock.com/mining/a/4a5ef71725


Would others agree that those numbers are somewhat in the right range? I lowered the diff from %32 down to %14. Is the max profit of $318 even in the right ball park? Trying to get a grasp on that SP31. And those numbers don't even include a hosting fee either.

If it doesn't work for SP31, it won't work with any other miner in the market. The hash-rate growth will slow down. It must.
Buy SP31, host at a low cost facility.

[gallery2000]

https://tradeblock.com/mining/a/4a5ef71725


Would others agree that those numbers are somewhat in the right range? I lowered the diff from %32 down to %14. Is the max profit of $318 even in the right ball park? Trying to get a grasp on that SP31. And those numbers don't even include a hosting fee either.

Hi,

I changed your difficulty to 15% a month and my return is negative 72.  So just 1% increase in difficulty causes no ROI?

I don't think it is realistic to have 15% a month in difficulty increase.  It is more like a 40% increase a month.  

[Spondoolies-Tech]

I don't think it is realistic to have 15% a month in difficulty increase.  It is more like a 40% increase a month.  

Sure thing. Starting from 100MW every month.

[brontosaurus]

https://tradeblock.com/mining/a/4a5ef71725


Would others agree that those numbers are somewhat in the right range? I lowered the diff from %32 down to %14. Is the max profit of $318 even in the right ball park? Trying to get a grasp on that SP31. And those numbers don't even include a hosting fee either.

If it doesn't work for SP31, it won't work with any other miner in the market. The hash-rate growth will slow down. It must.
Buy SP31, host at a low cost facility.

No, you're very wrong here, the hash rate won't slow down just because you want it to - it almost sounds as if you're desperate?

Bitfury got $20m of funding a few months back, exactly what do you think they are going to do with it? Asicminer seem determined to keep pushing their 40nm mistake and no doubt their disciples will keep buying them in their droves. They'll also be quietly building up their own capacity, (one of their little helpers reckons 60PH a month, ho, ho) although they have a lot to learn about power distribution. Bitmain will sell as many units as they can produce, discount them in a month or twos time and people will continue to buy them because they all hope the BTC value will go up and up.

You and I both know that anyone who manufactures hardware will also be mining, maybe not directly with customers machines as in the past, but through 'sister' companies or affiliates or simply bulk buyers. Those entities are quite happy to wait 4-6 months to get returns as they get the hardware a lot cheaper and will keep piling the PHashes on.

Then you have the companies you really want to be worried about, the ones who have their own asics and no irritating customers to deal with or support. They don't have to worry about bad press, complaints or the opinions of the numerous 'experts' on the forums.

So if I was you I'd prepare my business forecasts for 500PH by December and 800PH by June 2014. Or worse.

[Spondoolies-Tech]

No, you're very wrong here, the hash rate won't slow down just because you want it to - it almost sounds as if you're desperate?
...

Not desperate at all. Just analysed and know all the known competition cost.

The trend is clear if you remove BitFury 2 last DCs (June and August): http://bitcoin.sipa.be/growth.png
At current BTC price and their machine cost, they're almost loosing money at Georgia and Iceland.

btw: They didn't need the $20M they raised. I can't elaborate more.

BitmainTech margins are very, very low.

ASICMiner is selling almost at cost to recoup their $6M wafers gen3 investment.

Cointerra is also probably loosing money on their 1st gen. Their 2nd gen won't arrive until Q2

Should I continue ?

Please quote this message one month from now. Let see how the growth graph will look.