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

[vortexz]

Here is a small simulation.
You pay 4000 $ for the hardware, that means about 8 BTC right now
If delivered in 2 months from now, it will give you back 2 BTC at best scenario with a 0.1$ kw/h price.


It's so sad when I see so many people getting scammed by these big companies  



Same goes for both SP30 and SP31.

[wissam]

http://s27.postimg.org/g46nwa3ab/CRAP_HARDWARE.jpg


Here is a small simulation.
You pay 4000 $ for the hardware, that means about 8 BTC right now
If delivered in 2 months from now, it will give you back 2 BTC at best scenario with a 0.1$ kw/h price.


It's so sad when I see so many people getting scammed by these big companies  



Same goes for both SP30 and SP31.

This is true Spondoolies, you need to start selling what you have in stock and NOT do pre-orders (or at least don't make people wait 2-3 months before getting units) because I would have had to wait 2 months before getting my SP30 miners and at the time of purchase the difficulty was 17.34G now it's 23.84G and I still have to wait for another month so it will probably be 28.84G when I start. Also not to mention the calculation was done for 6TH of which we are getting 4.5 instead now...

[frisco]

Here is a small simulation.
You pay 4000 $ for the hardware, that means about 8 BTC right now
If delivered in 2 months from now, it will give you back 2 BTC at best scenario with a 0.1$ kw/h price.

It's so sad when I see so many people getting scammed by these big companies  

Same goes for both SP30 and SP31.

Well 18% increase per jump is too much even for me, and I don't buy the 14% per month will be true even while some people is telling that it is too much.

[Grix]

Here is a small simulation.
You pay 4000 $ for the hardware, that means about 8 BTC right now
If delivered in 2 months from now, it will give you back 2 BTC at best scenario with a 0.1$ kw/h price.


It's so sad when I see so many people getting scammed by these big companies  



Same goes for both SP30 and SP31.

Your simulation is absolutely useless because the future difficulty prediction has no basis in reality.

[vortexz]

Here is a small simulation.
You pay 4000 $ for the hardware, that means about 8 BTC right now
If delivered in 2 months from now, it will give you back 2 BTC at best scenario with a 0.1$ kw/h price.


It's so sad when I see so many people getting scammed by these big companies  



Same goes for both SP30 and SP31.

Your simulation is absolutely useless because the future difficulty prediction has no basis in reality.

you must be very dumb.
even with a 14 % diff increase (which is very unlikely) you still won't make more than 3 BTC back out of the total of 8

My point is that the SP30 or SP31 will NEVER ROI, thus making the investment a big failure.
Can you prove that those will actually ROI ?

[brontosaurus]

Here is a small simulation.
You pay 4000 $ for the hardware, that means about 8 BTC right now
If delivered in 2 months from now, it will give you back 2 BTC at best scenario with a 0.1$ kw/h price.


It's so sad when I see so many people getting scammed by these big companies  



Same goes for both SP30 and SP31.

Don't you think it's a bit unfair to accuse ST of scamming people? They produce complex electronic systems in a totally unique marketplace where time really does mean money, and like every other company that makes miners are under huge amounts of pressure to deliver. Things go wrong all the time in electronics production, no matter what size the company, the skills of its engineers or it's financial firepower. Being late or having production problems does not in any way equate to scamming, so I think you owe these guys an apology.

As for the other posters who think that everything should be delivered from stock: you're living in fantasy land. Any system that's remotely profitable doesn't sit on the shelves for long as has been demonstrated again and again. If you want off the shelf then it's unlikely you'll ever make money, most people hate pre orders but if you want the product (and profit) first you have to live with it. The miner suppliers simply don't have mountains of cash to build huge stocks, and even if they did build them then they would sell out very quickly.

[vortexz]

their hardware is OVERPRICED. (period)

[RoadStress]

their hardware is OVERPRICED. (period)

That doesn't make them scammers...

[brontosaurus]

their hardware is OVERPRICED. (period)

By what metric?

[Bicknellski]

their hardware is OVERPRICED. (period)

Compared to what?

Gh/s $ is what?

What are the competitors prices?

Now what does it cost to make this sort of machine?

What is a reasonable amount of profit to make on them?

How long does it take to get the "latest cutting edge" chip to market?

----

Buy enough get the discount.

Buy enough electricity get the discount.

Buy or rent a large enough space get the discount.

Pack your units as densely as possible and cool em with something other than air get a bump in hash rate.

==========

At this point no one is going to get a "deal" on one SP31. Suffice to say if you are looking at buying only one you need to get out of mining.

This whole argument is based on single unit sale. No single miner is going to get you anything but noise and an unhappy wife.

As Guy said... unlikely to GB's again. Too bad got some great "discounts" on that buy thanks SPTech on essentially a TINY FRACTION of what they sell. We were fortunate to get the pricing we did and I am sure the compensation will be adequate given the other discounts we received.

Again the alternatives are clear. There is a difference in what SPTech is offering and that goes to the very nature of network hash rate. Do you want to presale and get your unit fresh first or "premine" units that are "instock"? Your call that is all that is on offer.

Need to pool a lot more money together to get the prices you are seeking on hardware, electricity, space and cooling.

[psahx]

you must be very dumb.
even with a 14 % diff increase (which is very unlikely) you still won't make more than 3 BTC back out of the total of 8

My point is that the SP30 or SP31 will NEVER ROI, thus making the investment a big failure.
Can you prove that those will actually ROI ?

Hey, Mr. SmartAss Psychic!

Could you please share with us your BTC price fluctuation predictions as well, so we know what to do? We have been waiting for you for so long!

P.S. Do you do weather too? Cause my Yahoo weather app sucks lately, maybe I'll start using your services.

[s1gs3gv]

My point is that the SP30 or SP31 will NEVER ROI, thus making the investment a big failure.

You have to be in the privileged class to have any expectations of even a small ROI on Spondoolies equipment.
And even then, you'll probably get your head handed to you in short order when the hard truth that BTC isn't going to $1000 again anytime soon sinks in.

The only people making money here are Spondoolies. Thats why it is so shocking that they refuse to compensate people for the increased operational cost of the SP30.

Vortexz, miners are a funny lot. If you observe them long enough you'll notice that they are all eager to line up in neat tidy rows, bend over, and wait for a miner maker to bring out a new machine. A lot like lemmings really ...

[wh00per]

And pushing the comparison forward, some lemmings explode
As the game goes, and many others, it's the strategy and the objectives which seem to be important.

Overcompensation from the manufacturer is the easy way out for the bottom up scenario. However, if the manufacturer overcompensates, they take the dip. Being a business like any other, they won't. In fact they'll under-compensate (if any) and let the miners bring their strategy in making these units ROI.

Here, again, one should be born in the right part of the world, with cheap electricity prices and no VAT or customs charges, eventually with some help from highly trained labor (technologically speaking) with low hourly rates. If you got all or some of these, you'll ROI. If you just plug your machine in your bedroom (with your city electricity rates), maintaining it only when you come home after your first or even second job, in a place that takes 25% in customs fees just to receive your miners via DHL, and another 40% as income taxes .. you really need to become creative.

Extinction is for the ones which do NOT adapt  ..  and usually, they complain a lot before they die  


EDIT: Definitely something needs to happen so that BTC goes back to $1000. I hope that everyone read the GOX analysis and why the price was that high. If it was a sane growth, I would expect it again given the circumstances. However, the prognosis is grim .. without a miracle. Everyone is focusing on the mining side, while the services offered suck. If the manufacturers would NOT accept bitcoin for their machines, one can see BTC rates from early 2012.

That being said, I'm still expecting a SP30 from the group buy .. with an order ID like 12XX. Hopefully it'll come soon and fuel my hobby.

[paranoidx]

So will miners start shipping today?
If not, people in the US will probably not get them delivered until after September 2nd due to the holiday.

[wh00per]

Add the Canadians inthere, due to the Labor Day (first Monday in September is generally off).

[bitcoiner23]

Nope. Still no GB orders. I am one of the first in this with order no under 1200 and I have the hosting at ST DC and didn't even got an email where I want to mine etc. I don't expect any shipped miners before September.

[s1gs3gv]

Don't forget that these guys take Friday and Saturday off too and its already 6PM in Israel. That leaves 3 working days ...

[s1gs3gv]

Overcompensation from the manufacturer is the easy way out for the bottom up scenario.

Wtf are you talking about wh00per … what overcompensation ?

[finlof]

Aug group buy participant with order number 11xx and havent received email notification of shipping yet.  will post once i receive shipping notification.

[RawDog]

Aug group buy participant with order number 11xx and havent received email notification

This is brutal.  I think they are going to do shipping like they did the specs.  Nothing they said will come true.  Probably going to be about 3 weeks late on shipping.  Not only that, now they are working under heavy pressure making mistakes.  I'll bet there will be some serious quality control issues like SuperJups.  

Don't forget that these guys take Friday and Saturday off too

Don't forget about vacations, these guys take a lot of vacations right in the middle of production too.  They don't care.