[CLOSED] Spondoolies-Tech SP30 pre-order - Specs: 0.69$/GH + 0.46W/GH

[tzortz]

I will order 2 when I get home, cancelling the Neptunes from the Knc idiots.

[1714001623]

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[JWU42]

Code:

10:57 <JWU42> ;;balance 14m389VKt1zTGsoLzzSmSP36fHuLjH3fBq
10:57 <gribble> 23.60021

14 to go...

[Collider]

I will order 2 when I get home, cancelling the Neptunes from the Knc idiots.

A reasonable choice!

[RoadStress]

I have one unclaimed txid. Whoever forgot to send me the PM after paying please do so ASAP. Please don't forget to send me a PM with the required details after you reserve your spot!

Posted here for more visibility.

Edit: We just hit the 250 units mark!

[raskul]

congrats on making 250!

[RoadStress]

congrats on making 250!

Thank you. Next step 1000!

[hardhouseinc]

WOW, 14 in one order.  Baller

[Collider]

Nice, maybe the rest will sell even faster, now that everyone is guaranteed the low price!

[raskul]

Nice, maybe the rest will sell even faster, now that everyone is guaranteed the low price!

i would expect that there have been a bunch of folks waiting with an itchy trigger 
i'm trying to raise some fund myself but hitting brick walls.

[escrowguy]

***SPECIAL OFFER*** An additional 10% reduction for those who can prove that they have a previous order with any Bitcoin ASIC company!!! That means that if we get over 250 units and you have a previous order with anyone you will only have to pay $4495 per SP30. 0.832$/GH

Waiting for your Neptune refund?
Secure your place now by sending the reservation fee and pay only 3000$ per unit when required and pay the rest after you get your refund. You will need to have proof of asking refund. That will be mandatory!

Maximum number of units is 10001100! Spondoolies Tech doesn't want to sell more units that they can produce.(unlike some other companies)


In order to commit and reserve your place, please send 0.1 BTC for every unit that you plan to purchase to the wallet address below:

14m3894jgMydahgzAHvvFWYdWUGYKjg2df

(Add 0.0001 miners fee, to ensure the transaction arrives in time). Example: If you want 10 SP30 miners then send 1 BTC, if you want 17 SP30 miners then send 1.7 BTC.

PM me with the followings:
- transaction ID;
- your e-mail;
- your preffered payment method(Bitcoins, Dollars or Euros);
- applying for 10% discount or not Remember that the 10% discount is offered only for people who have a previous order with any other Bitcoin ASIC manufacturer

The list will be forwarded to Spoondolies Tech so that you can arrange payment afterwards.

Payment Terms:

- Buy sending 0.1 BTC, you're committing to send us full payment per the above, 4 days after reaching the 250 mark, or 4 days from Friday 25 if the group sale only reached the 50 mark

In case we don't reach the minimum of 50 reservations, I will refund everyone involved. I value my integrity more than 5 BTC.

Please note that the prices are in addition to the 0.1 BTC! The collected bitcoins will be spread as following: 70% will go to Sean's Outpost, 10% will go to ckolivas(for supporting cgminer), 10% will go to etotheipi/Armory Developers and 10% will go to me(for my trouble).

 

The units include free shipping or one month of free hosting. The units will be shipped to you directly from Spondoolies-Tech.

 

We have only until Friday the 25th at 12:00pm CET to get the required amount. After that the offer will expire.

Together we can get this awesome deal. This is a great opportunity since this is by far the best $/GH available right now and the best W/Gh.

Edit: Added Payment Terms!
Edit2: Add preferred payment method in the PM.
Edit3: Updated the list that you will have to PM me.
Edit4: Updated the maximum number of reservations in case of non-payment customers. Also added $/GH for the 10% Special Offer
Edit5: Special Easter Egg: Added Neptune refunds terms.

Maybe paypal or wire option? I'm in fiat.

what does mean fiat?

[Collider]

what does mean fiat?

A "regular" currency. (€/$/...)

You can always change fiat to Btc the moment you pay with Btc, giving you the best of both worlds...

Just my 2 cents.

[QuiveringGibbage]

Maybe paypal or wire option? I'm in fiat.

what does mean fiat?

Code:

[23:32:56] <QG> ;;wp fiat currency
[23:32:58] <gribble> http://en.wikipedia.org/wiki/Fiat_money | 
Fiat money is money that derives its value from government regulation or law. 
The term fiat currency is used when a fiat money is used as the main currency of the country. 
The term derives from the Latin fiat ("let it be done", "it shall be")

i.e. Cash, dollar... not in Bitcoins

QG

[bobsmoke]

congrats on making 250!

Thank you. Next step 1000!

Winner winner chicken dinner !!

[vitalious]

I did the math on the SP30 (the 3x package) and it doesn't look like this hardware will ROI with current prices.
Please correct me if I'm wrong:

https://www.dropbox.com/s/xvhh105nmgfokdv/profit.xlsx

[Guy Corem]

I did the math on the SP30 (the 3x package) and it doesn't look like this hardware will ROI with current prices.
Please correct me if I'm wrong:

https://www.dropbox.com/s/xvhh105nmgfokdv/profit.xlsx

You're in RoadStress group sale thread. Did you read the PM ?
The hardware cost is much cheaper...

[vitalious]

I did the math on the SP30 (the 3x package) and it doesn't look like this hardware will ROI with current prices.
Please correct me if I'm wrong:

https://www.dropbox.com/s/xvhh105nmgfokdv/profit.xlsx

You're in RoadStress group sale thread. Did you read the PM ?
The hardware cost is much cheaper...

Guy, I have a lot of respect for what you do (and I'm originally from Israel as well), but even adjusted to $4995 per unit, it appears the SP30 doesn't ROI.
Again, this is assuming 19% difficulty increase every 2 weeks, current BTC prices, and timely delivery.

I encourage people to look through my spreadsheet and verify my calculations.

[GiLa]

I did the math on the SP30 (the 3x package) and it doesn't look like this hardware will ROI with current prices.
Please correct me if I'm wrong:

https://www.dropbox.com/s/xvhh105nmgfokdv/profit.xlsx

You're in RoadStress group sale thread. Did you read the PM ?
The hardware cost is much cheaper...

Guy, I have a lot of respect for what you do (and I'm originally from Israel as well), but even adjusted to $4995 per unit, it appears the SP30 doesn't ROI.
Again, this is assuming 19% difficulty increase every 2 weeks, current BTC prices, and timely delivery.

I encourage people to look through my spreadsheet and verify my calculations.

So base on your calculation, your saying by August, that the network would have grown by 4x or 28b difficulty or 200ph or 37,000 (1m rocker chips)5th machines or 150,000 1th (3.75m a1 chips)machines. I am more than sure that there are enough buyers to sustain that, but it seems like a lot of miners are being produced by very fair little companies.

[Collider]

You do realize that indefinite exponential difficulty growth seems unlogical, even impossible.

With the sp30, given the far better power efficiency than most miners, you should be able to mine bitcoin at a profit for some time.

Assuming stable price, at some point the mining income will be no more than electricity cost + small premium, similar to the gpu days before massive price growth.

However, we are still far away from this.


... an average indefinite 19% difficulty growth really doesn´t strike me as conservative.
While predicting difficulty is pure voodo, the only way to do it is with a certain percentage of lesser difficulty growth per period, which will eventually max out somewhere at power cost + 50% or sth.

[RoadStress]

I did the math on the SP30 (the 3x package) and it doesn't look like this hardware will ROI with current prices.
Please correct me if I'm wrong:

https://www.dropbox.com/s/xvhh105nmgfokdv/profit.xlsx

As mentioned in the Spondoolies Tech reply that's not the correct price for 3 units if you want to participate in this Group Buy. You can even get less than 4995$ if you have a previous order with any other manufacturer.

Even if it doesn't look like it, i still believe that difficulty is slowing down and let me explain you my view:

Sep 04 2013    86,933,018
Jan 02 2014    1,418,481,395
Apr 05 2014    6,119,726,089

I took these example of past difficulty because they are on similar dates so it's easier to calculate things.

From Sep to Jan we had an increase of 16 times, while from Jan to Apr we have an increase of just ~4.x times.
Let's compare in BTC too. Examples are for 1TH/s:
- with the Sep 4 difficulty - 5.78BTC/day;
- with the Jan 2 difficulty - 0.35BTC/day;
- with the Apr 5 difficulty - 0.07BTC/day.

This is for me a clear sign of slowing down. Also if we take into considerations your example please explain me how do you expect to have a 35 billion difficulty on 29 August and 70 billion just 2 months late which is simply unrealistic. This group buy will add just 5.4 PH in August, maybe 6-7PH in September and 7-8PH in October.
Secondly, considering that there are only 2 companies that i know that are working on their next gen chip (KnC and AM) it also means that there won't be so many units available for sale in that period of time.
Thirdly, if there are more people that think like you then from the start you are wrong because the whole big rush that we witnessed last year is more or less gone this year. Last year i saw Avalon team grab a couple of million $ in a matter of a few days just for chips. People had to pay for assembly too. There were MUCH more of money being invested and a lot FASTER too in mining equipment last year than this year. (i think HF got 25 mil$ from preorders and so on).
So claiming that people will invest a lot more and much faster than the last year is simply wrong and bad intended. There is someone else that pointed the difficulty thing earlier in this thread and i asked him to take difficulty speculations to some other thread. This thread is for people interested in the group buy, not for difficulty speculations. As i see you only have a single post outside Spondoolies threads. If i will delete some of your posts i hope that you understand why.

Edit: It seems that i'm not the only one to think that we can't keep adding MWs like crazy: https://bitcointalk.org/index.php?topic=262052.msg6324550#msg6324550

[GiLa]

mate good luck on the group buy, probably the best deal I have seen, just cant cough the cash in time for this one