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

[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?

[Guy Corem]

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.

[Guy Corem]

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.  

[Guy Corem]

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.

[Guy Corem]

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.

[chairforce1]

Then you have the companies you really want to be worried about

+1

VC money flies low and silent.

[gallery2000]

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.

I heard Spondoolies people are geared toward helping decentralizing btc.  I want Spondoolies to succeed.  I know how.  I advised Spondoolies to cut all their prices by 50% and ship them right now.  This is a good business idea, believe me.

[brontosaurus]

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.

If you have the money, getting 100MVA is relatively easy in several locations, all you have to do is pony up some cash and wait 3-4 months for delivery of the main power transformer(s) and building of the substation. Not difficult at all, even 500MVA can be put in place within 6 months or less.

And you're assuming that no one has really low power asics.......if one of the independents had, oh I don't know, say a 0.12J/GH chip then 100MVA would equate to 600PH of capacity.

[Guy Corem]

Then you have the companies you really want to be worried about

+1

VC money flies low and silent.

Since we are VC funded, I do know something about that as well.
If you're referring to 21e6, they're not exactly VC funded, but they did get (a lot more) funds then us.
Didn't do them too much good with their 1st gen.

[brontosaurus]

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.

[brontosaurus]

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.

Shit, hit the wrong key.

NO, by all means please do continue although I really don't want to post stuff in your thread that might belong elsewhere. I don't doubt that you have extrapolated knowledge of what your competitors are up to but you really don't know what non-retail groups are up to.

[Guy Corem]

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.

If you have the money, getting 100MVA is relatively easy in several locations, all you have to do is pony up some cash and wait 3-4 months for delivery of the main power transformer(s) and building of the substation. Not difficult at all, even 500MVA can be put in place within 6 months or less.

And you're assuming that no one has really low power asics.......if one of the independents had, oh I don't know, say a 0.12J/GH chip then 100MVA would equate to 600PH of capacity.

Thank you for the math lesson. Yup the mythical 0.1 W/GHs
Why stop here ? Why not calculate with 0.04 W/GHs  ?  

[Guy Corem]

you have extrapolated knowledge of what your competitors are up to but you really don't know what non-retail groups are up to.

I do know various non-retail efforts. I'm sure I don't know all.
I do find them at a rate of 2 or 3 a month. I even evaluated some of those efforts. I wasn't impressed.

[brontosaurus]

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.

If you have the money, getting 100MVA is relatively easy in several locations, all you have to do is pony up some cash and wait 3-4 months for delivery of the main power transformer(s) and building of the substation. Not difficult at all, even 500MVA can be put in place within 6 months or less.

And you're assuming that no one has really low power asics.......if one of the independents had, oh I don't know, say a 0.12J/GH chip then 100MVA would equate to 600PH of capacity.

Thank you for the math lesson. Yup the mythical 0.1 W/GHs
Why stop here ? Why not calculate with 0.04 W/GHs  ?  

Because there is currently no mainstream technology that would yield a financially viable solution for mining, but that will change soon, I'm sure you know that engineers can be very inventive if they are given the right tools and freedom to use what they've learned.

Anyway, like I said I don't want to keep posting stuff in your thread that's not directly related to your ongoing business.

[Guy Corem]

Because there is currently no mainstream technology that would yield a financially viable solution for mining, but that will change soon, I'm sure you know that engineers can be very inventive if they are given the right tools and freedom to use what they've learned.

Anyway, like I said I don't want to keep posting stuff in your thread that's not directly related to your ongoing business.

Feel free to keep posting. I do agree with your statement about mainstream technology. BitFury kind of prove that with the rev1 and rev2.

[faraway]

you have extrapolated knowledge of what your competitors are up to but you really don't know what non-retail groups are up to.

I do know various non-retail efforts. I'm sure I don't know all.
I do find them at a rate of 2 or 3 a month. I even evaluated some of those efforts. I wasn't impressed.

I was working before in the electronic industry field; We had always evaluated competitor products, and I see that was properly done here too. This is a good point, and this is very important.

[RawDog]

If you have the money, getting 100MVA is relatively easy in several locations, all you have to do is pony up some cash and wait 3-4 months for delivery of the main power transformer(s) and building of the substation. Not difficult at all, even 500MVA can be put in place within 6 months or less.

And you're assuming that no one has really low power asics.......if one of the independents had, oh I don't know, say a 0.12J/GH chip then 100MVA would equate to 600PH of capacity.

Thank you for the math lesson. Yup the mythical 0.1 W/GHs
Why stop here ? Why not calculate with 0.04 W/GHs  ?  

His math is almost as bad as yours!!!  You figured 6.5TH/s for your SP30 and that all went bad too.  At least that guy is in the neighborhood.  I wouldn't be sarcastic when it comes to math my friend - you've done your share of fucking it up too.  Cost everyone a ton of money.  At least that other guy just has a blown fantasy.