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

[BitcoinPappi]

So honestly why would we not just get refunds at this point , with the current diff plus hosting costs its not really possible to break in less than three months , and who knows what the diff will be by then.  The big problem is we need

Compensation for not only missed hash rate and slow shipping it took too long to let 
Us know what the compensation would be if anything.

Someone tell me I'm wrong about these currently Aug machines creating ROI

You have the option for a full refund if not satisfied with the compensation. From  experience it does not get any better than this in the world of Bitcoin mining companies. 

[grn]

So honestly why would we not just get refunds at this point , with the current diff plus hosting costs its not really possible to break in less than three months , and who knows what the diff will be by then.  The big problem is we need

Compensation for not only missed hash rate and slow shipping it took too long to let 
Us know what the compensation would be if anything.

Someone tell me I'm wrong about these currently Aug machines creating ROI

You have the option for a full refund if not satisfied with the compensation. From  experience it does not get any better than this in the world of Bitcoin mining companies. 

Not needing a refund because you get the equipment you ordered and it can roi would be better to me from experience. if you prefer to lose money/bitcoins; whatever floats your boat 

[Marvell1]

So honestly why would we not just get refunds at this point , with the current diff plus hosting costs its not really possible to break in less than three months , and who knows what the diff will be by then.  The big problem is we need

Not sure if bad intended or just missed this post

I know that you've been waiting patiently from April and I appreciate it. If you feel unhappy with your purchase, please contact sales@ immediately for a full refund.

Our main focus right now is to make sure all units are shipped in time and that each and everyone is contacted regarding the compensation preferences.
I'll be away from the thread for a few days, but you can still contact me in a PM. Please allow a few days to reply.

Of course I've seen that post, but it really tells me nothing,
The compensation I was offered is insufficient , like I said late shipping +
Less hashrate

Three months to ROI is not to short, my inital calculations based on the original 5.4 th and 2500 watt usage along
With a middle of August delivery had me making ROI in three months

Currently there no way I make ROI  in less thank 5  six months now which I unacceptable

[Marvell1]

@murdoff

Sp10s shipped from stock which made it far easier to ROI
Also sp10s had a known spec I.e u knew what you were getting for what you paid

Same can't be said to the sp30 its apples to oranges brah

[BitcoinPappi]

So how much is the final compensation? $1500?

The only way to break even from this disaster is if they shipped you a second SP30 along with
the one you paid $4500 for for free at the same time.  Then you would still be pushing it giving
your hosting or power bill just went to double.

The group buy price which clearly advertised   -   SP30 pre-order - Specs: 0.69$/GH + 0.46W/GH
Is what was advertised and promised over and over.  Now they want to back tread to oh well it was
really only maybe possibly probably MIGHT be 5.4TH/s after promising 6.5TH/s ?  Plus a utter failure
on power usage too.
But still dont want to compensate for that.  Oh just give them a coupon for more stuff in October,
Oh yah it will ship again the last day of October, and its all good right.  Please.  
Send a message, everyone who was in the group buy ask for a refund, lets see what happens and if
they honor that.
These bullshit preorder ripoffs, make more money for the manufacture schemes need to end.

Even after you have been fully refunded  + extra with no skin in the game, you continue to complain ?  You would have more than likely committed suicide by now if you had went with the Neptunes from KNC or another company.

Chill out you have nothing to lose now.  Other buyers now have the option to opt for a full refund or accept the compensation. Give them a break they are doing much better than the BS customers have to deal with other companies. All this is from experience

Their service and ethics  might change in the future but right now they are doing a good job

[RoadStress]

Of course I've seen that post, but it really tells me nothing,
The compensation I was offered is insufficient , like I said late shipping +
Less hashrate

Three months to ROI is not to short, my inital calculations based on the original 5.4 th and 2500 watt usage along
With a middle of August delivery had me making ROI in three months

Currently there no way I make ROI  in less thank 5  six months now which I unacceptable

It tells you that you can ask and get a refund if you are unsatisfied with the compensation plan. Even the full refund is insufficient?

Even after you have been fully refunded  + extra with no skin in the game, you continue to complain ?  You would have more than likely committed suicide by now if you had went with the Neptunes from KNC or another company.

Some people just like to complain...

[Stevbenson]

Can someone please say clearly what the compensation or refund option for the group buy is. I still have not been contacted about it.

Main question is the comp/refund in dollars or in bitcoin?

Cheers

[brontosaurus]

I think that even the slow-corner ASICs of our first batch are currently the most power efficient in the market and one of the most competitive in $/Gh. That is impressive fuckup I would say. Don't bother answering since you been added to ignore list.

Why is it that SPtech is the only company that is affected by this "super slow corner" debacle? Does TSMC really not like you guys or something? Have you tried asking for the ultra-extreme-quick-corner asics?

Bitfury could achieve 0.38w/gh at the chip with their 55nm chips, are your asics really more efficient?

As for competitive $/gh, I don't know how you can even argue that. Has there ever been a time where SPtech hardware was not ~20% more expensive than the competition?

You guys were asking $12,000 for an sp30 shipped in the beginning of august.. If you tried selling SP30's from stock for $2/gh you would be laughed at.

I implore you to show me your overly optimistic calculations which give any SP30 a chance at ROI. (preferably using a semi-realistic calculator like btcinvest.net)

It obvious from just about every post you make that you have an agenda, which is basically to criticise anything that isn't Asicminer or that might threaten their plan to 'crush' the competition. Incidentally, that really was one of your better quotes, I still haven't stopped laughing.

It's also dazzlingly clear that your technical knowledge is, how can I put this politely, 'wanting' and so you come out with stuff which you've most likely been fed by the guy with his hand up your back. It's a fairly safe bet you've never worked in the electronics industry (if you've ever actually had a job, which I doubt) and that you've never designed anything yet still you feel that you can stick your oar into situations that are way, way beyond your level of understanding.

The Bitfury chip may be able to run at 0.38 JOULES/GH, not watts/GH, it's a measure of energy, not power, (just another little detail which shows up your lack of knowledge) and their chip runs in a mode call Sub Threshold where is sacrifices speed for lower energy per GH by using a lower supply voltage than normal. I'm sure that the ST guys and any other competent designers will confirm that their chips could run at much lower J/GH figures if they ramp down the voltage.

The trouble is with this scenario - and read this carefully here because you might have considerable difficulty in understanding it - is that the lower voltage makes the chip run slower, a lot slower. To get the same number of GH/second as a full voltage chip you need more chips, thus making the advantage of low energy/GH useless.

You say the reason you want to know about compensation is so you can make informed decisions about whether to buy from ST in the future. This is rubbish, you simply want to make trouble for a competitor in whatever way you can, but you wrap it up in 'concerns' and criticism to try to get the community wound up.

It would be a lot better for the community in general if you simply shut up and stopped talking crap about situations that are none of your business and technical issues that are way beyond your level of understanding. ST have a problem which I'm pretty sure they are working hard to resolve, in the real world of electronics problems do arise and it can sometimes take a lot of time and effort to fix. ST are very active in communicating with their customers, I'm not one of them by the way, and it's clear to any external observer that they want to make things right.

That's the single most important issue in this situation.

Just as a closing point, why not show us all how clever you really are by demonstrating how an AM chip based system will make any ROI, comparing it to an SP30? I'd love to see it, I'll bet a lot of other would too and you've obviously got lots of time on you hands. If it's too difficult for you I'd be very pleased to help.

[Marvell1]

Of course I've seen that post, but it really tells me nothing,
The compensation I was offered is insufficient , like I said late shipping +
Less hashrate

Three months to ROI is not to short, my inital calculations based on the original 5.4 th and 2500 watt usage along
With a middle of August delivery had me making ROI in three months

Currently there no way I make ROI  in less thank 5  six months now which I unacceptable

It tells you that you can ask and get a refund if you are unsatisfied with the compensation plan. Even the full refund is insufficient?

Even after you have been fully refunded  + extra with no skin in the game, you continue to complain ?  You would have more than likely committed suicide by now if you had went with the Neptunes from KNC or another company.

Some people just like to complain...

Your joking right? You ever heard of opportunity cost? I could have put that money to far better uses than an
Interest free loan for sp-tech.   I could deal with the lower hash rate and higer power use but this late

Shipping was just the icing on the cake

[Guy Corem]

Can someone please say clearly what the compensation or refund option for the group buy is. I still have not been contacted about it.

Main question is the comp/refund in dollars or in bitcoin?

Cheers

We'll contact you this week. It takes times to go over the orders.
If you'll select partial refund for the missing GH/s, the refund will be in $

[Guy Corem]

... JOULES/GH, not watts/GH, it's a measure of energy ...

100% correct. I keep (and will keep) doing this mistake. It's kind of industry standard mistake.

[RoadStress]

Your joking right? You ever heard of opportunity cost? I could have put that money to far better uses than an
Interest free loan for sp-tech.   I could deal with the lower hash rate and higer power use but this late

Shipping was just the icing on the cake

I am not joking, but first you complain about not getting a ROI and when I presented you the option to get your ROI you complain about different things. I don't like the late shipping either, but  you have 2 options available(refund, compensation+delivery) and you don't like any of them except for the one that is not possible (6Th/s and delivery 2 weeks ago).

That's the single most important issue in this situation.

Just as a closing point, why not show us all how clever you really are by demonstrating how an AM chip based system will make any ROI, comparing it to an SP30? I'd love to see it, I'll bet a lot of other would too and you've obviously got lots of time on you hands. If it's too difficult for you I'd be very pleased to help.

I admit that I think that the most important issue is the situation, but I will not go into details because of my "SP-Tech shill" status. I am glad that I am not the only one to see this.

As for the AM miners ROI don't forget to add 1 extra days for the countless screws that you have to mount.

[Guy Corem]

...this fella has everybody who doesn't kiss his ass on his ignore list. Only worshippers allowed...

This is unfair comment. Everyone can be a little grumpy after working all night.

[Stevbenson]

Can someone please say clearly what the compensation or refund option for the group buy is. I still have not been contacted about it.

Main question is the comp/refund in dollars or in bitcoin?

Cheers

We'll contact you this week. It takes times to go over the orders.
If you'll select partial refund for the missing GH/s, the refund will be in $

And if I select full refund will this be in dollars or bitcoin?

[Guy Corem]

Can someone please say clearly what the compensation or refund option for the group buy is. I still have not been contacted about it.

Main question is the comp/refund in dollars or in bitcoin?

Cheers

We'll contact you this week. It takes times to go over the orders.
If you'll select partial refund for the missing GH/s, the refund will be in $

And if I select full refund will this be in dollars or bitcoin?

Note that we're offering full refund for the GB buyers only.
It will be in $. Payment done via BitPay are converted immediately to fiat.

[hardhouseinc]

Of course I've seen that post, but it really tells me nothing,
The compensation I was offered is insufficient , like I said late shipping +
Less hashrate

Three months to ROI is not to short, my inital calculations based on the original 5.4 th and 2500 watt usage along
With a middle of August delivery had me making ROI in three months

Currently there no way I make ROI  in less thank 5  six months now which I unacceptable

It tells you that you can ask and get a refund if you are unsatisfied with the compensation plan. Even the full refund is insufficient?

Even after you have been fully refunded  + extra with no skin in the game, you continue to complain ?  You would have more than likely committed suicide by now if you had went with the Neptunes from KNC or another company.

Some people just like to complain...

Call it what ever the fuck you want if it makes you sleep better at night dude.
If complain = call a POFS a POFS and point out that the compensation is BS, the
Oct 31 pre-order a BS offer to future customers that need to think seriously before
throwing away money.
Anyone who considered KNC was dilusional to start with.
SPTech started good then just ended up like all the rest.
They might have the fastest miner on the market but its still 2X overpriced.

For all future customers, my two SP10s BARELY got me my money back after selling them
after 2 months use, and I was making WELL above the BTC price selling mining contracts to
some local customers who had more money than brains and wanted BTC at any price.
Had it not been for the very reasonable price I sold the SP10s at and them continuing to
pay for overpriced mining contracts to keep me mining for them, Id have lost money.
Keep that in mind when you are making about .09BTC per day or less now with an SP30 today and
likely 0.75 BTC next month....
Waiting for BTC to have another temp crash / crisis and buy it low is a MUCH better option
then mining.  I learned that the hard way.  Dont let RoadStress or ANY ASIC company tell you
anything else.
Unless you are getting the miner at 1/2 the advertised price and can get some dirt cheap hosting,
save your money, you will lose money in the end.  My SP10s were case in point of this fact and the
difficulty increase, hardware delay is only going to get worse in the future.

[Guy Corem]

... My SP10s were case in point of this fact and the
difficulty increase, hardware delay is only going to get worse in the future. ...

I don't think your claim is true. You did ship the miner to the US after it was sent to Japan (I'm not revealing customer info here, you posted pictures of the SP10 box in the metro), so it did took some time, but I do think you've met or about to meet ROI.
You were a very happy customer until the SP30 spec update. You got your money back. Indeed, you had to find someone to trade with.

I don't intend to continue arguing, so you don't need to reply.

Guy

Edit: https://bitcointalk.org/index.php?topic=704251.msg7962548#msg7962548

[Searing]

Can someone please say clearly what the compensation or refund option for the group buy is. I still have not been contacted about it.

Main question is the comp/refund in dollars or in bitcoin?

Cheers

We'll contact you this week. It takes times to go over the orders.
If you'll select partial refund for the missing GH/s, the refund will be in $

And if I select full refund will this be in dollars or bitcoin?

Note that we're offering full refund for the GB buyers only.
It will be in $. Payment done via BitPay are converted immediately to fiat.

This is full refund in the sense that it is for the order itself as well as the compensation for the drop in speed from 6th to 4.5th? Just trying to be clear here the thread
keeps talking 'compensation' ..just want to make sure it is for the full price paid for the unit and not just the diff in speed compensation

Ok I'm intrigued....fine the GB can get fully refunded if that is the case above for the works..but does that include the GB with the hosting option? (I find it unlikely as it probably sits on a pallet to the Titan DC center!)

er also if a person did decide to take the refund route...who is contacted and when would such refund be sent out more or less?

Searing

[bitcoiner23]

Things get real! I got an email from ST: "Please advise your wallet address for this order so we could connect it orderly."

[Marvell1]

Things get real! I got an email from ST: "Please advise your wallet address for this order so we could connect it orderly."

Which means what?