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raskul
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December 03, 2014, 06:24:42 PM |
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MID-west USA
groovy. not too shabby |
tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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whonesta
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December 03, 2014, 06:39:06 PM |
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MID-west USA
groovy. not too shabby Def. improvement over the SP10 process, but still have to wait for USC to decide if they want to inspect. Those guys are good at holding up commerce. |
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raskul
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December 03, 2014, 06:40:24 PM |
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MID-west USA
groovy. not too shabby Def. improvement over the SP10 process, but still have to wait for USC to decide if they want to inspect. Those guys are good at holding up commerce. same here in the UK - where they like to rip labels off.  |
tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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Biodom
Legendary
 Offline
Activity: 3752
Merit: 3853
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December 03, 2014, 06:47:04 PM
Last edit: December 03, 2014, 07:22:06 PM by Biodom |
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I looked at the numbers and either bitcoin price has to increase to $600 or difficulty has to go down 20-30% for current NEW miners to make sense economically. I wish Spond would position SP20 as a 1.5 TH miner at 1000W for $600, but they know their bill of goods and I don't , so this may be impossible. BTW, Guy Corem thinks that current miners (0.5-0.7w/Gh) are all becoming uneconomical in the near term. https://www.coindesk.com/bitcoin-price-decline-sparks-rare-mining-difficulty-drop/Guy Corem, CEO of ASIC-designer Spondoolies-Tech explained:
"Under the current bitcoin value, mining gear efficiency of 0.5–0.7 J/GH range and energy cost, we'll reach equilibrium very soon."
In layman's terms, with bitcoin prices in the sub-$400 range, mining at a difficulty level of 40,000,000,000-plus simply does not make economic sense with current-generation hardware. |
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wpgdeez
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December 03, 2014, 07:39:28 PM |
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I'd be willing to do some cold weather beta testing for a discounted unit :p
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raskul
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December 03, 2014, 07:43:15 PM |
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I'd be willing to do some cold weather beta testing for a discounted unit :p
The only problem with that offer. Meh... You already are 😀 |
tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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philipma1957 (OP)
Legendary
Offline
Activity: 4116
Merit: 7824
'The right to privacy matters'
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December 03, 2014, 11:51:19 PM |
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I looked at the numbers and either bitcoin price has to increase to $600 or difficulty has to go down 20-30% for current NEW miners to make sense economically. I wish Spond would position SP20 as a 1.5 TH miner at 1000W for $600, but they know their bill of goods and I don't , so this may be impossible. BTW, Guy Corem thinks that current miners (0.5-0.7w/Gh) are all becoming uneconomical in the near term. https://www.coindesk.com/bitcoin-price-decline-sparks-rare-mining-difficulty-drop/Guy Corem, CEO of ASIC-designer Spondoolies-Tech explained:
"Under the current bitcoin value, mining gear efficiency of 0.5–0.7 J/GH range and energy cost, we'll reach equilibrium very soon."
In layman's terms, with bitcoin prices in the sub-$400 range, mining at a difficulty level of 40,000,000,000-plus simply does not make economic sense with current-generation hardware. . I have done a lot of math on this and frankly network growth is going flat. Or BTC will die. Flat price growth and flat diff staying under 45 means an sp20 makes money. but not a lot of money. |
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MA3A
Full Member
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Activity: 241
Merit: 100
To Hash or not to Hash, that's what the question
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December 04, 2014, 07:33:59 AM |
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Nice thread folks, very informational. One question, i use DUTY calculator that was provided in the middle of the thread and says: Notes on duty & taxes rates and compliance Bitcoin Mining is duty free . Bitcoin mining is duty free as USA-Israel free trade agreement applies. A certificate of origin is required for preferential rate to apply. If the product has dual-use, an Export Control Classification Number (ECCN) is required [Some probability].Notes on import taxes due
Please note that your shipping provider may add an additional handling fee - is this true that if ordered from USA there will be no duty/customs fees>? p.s. Also it looks like one SP20 makes about 5-10$ a day for current price/diff (dropping pool fees/electricity) - right? was thinking about getting one or two SP20's but never got to the point as of yet. thanks |
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raskul
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December 04, 2014, 07:37:03 AM |
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Nice thread folks, very informational. One question, i use DUTY calculator that was provided in the middle of the thread and says: Notes on duty & taxes rates and compliance Bitcoin Mining is duty free . Bitcoin mining is duty free as USA-Israel free trade agreement applies. A certificate of origin is required for preferential rate to apply. If the product has dual-use, an Export Control Classification Number (ECCN) is required [Some probability].Notes on import taxes due
Please note that your shipping provider may add an additional handling fee - is this true that if ordered from USA there will be no duty/customs fees>? was thinking about getting one or two SP20's but never got to the point as of yet. thanks yes, i'm in the UK and no such trade deal exists here. I believe the US adds no duty to your shipments from Israel. SP20 price won't be this low for much longer. order asap.  |
tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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Biffa
Legendary
Offline
Activity: 3220
Merit: 1220
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December 04, 2014, 09:23:06 AM |
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Nice thread folks, very informational. One question, i use DUTY calculator that was provided in the middle of the thread and says: Notes on duty & taxes rates and compliance Bitcoin Mining is duty free . Bitcoin mining is duty free as USA-Israel free trade agreement applies. A certificate of origin is required for preferential rate to apply. If the product has dual-use, an Export Control Classification Number (ECCN) is required [Some probability].Notes on import taxes due
Please note that your shipping provider may add an additional handling fee - is this true that if ordered from USA there will be no duty/customs fees>? was thinking about getting one or two SP20's but never got to the point as of yet. thanks yes, i'm in the UK and no such trade deal exists here. I believe the US adds no duty to your shipments from Israel. SP20 price won't be this low for much longer. order asap. To be fair we don't have duty in the UK on these items either, just VAT. I've had customs try and charge duty on top of VAT for a Bitmain miner in the past because it was described incorrectly in the paperwork. VAT sucks even if you are a VAT registered business. |
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raskul
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December 04, 2014, 09:26:59 AM |
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Nice thread folks, very informational. One question, i use DUTY calculator that was provided in the middle of the thread and says: Notes on duty & taxes rates and compliance Bitcoin Mining is duty free . Bitcoin mining is duty free as USA-Israel free trade agreement applies. A certificate of origin is required for preferential rate to apply. If the product has dual-use, an Export Control Classification Number (ECCN) is required [Some probability].Notes on import taxes due
Please note that your shipping provider may add an additional handling fee - is this true that if ordered from USA there will be no duty/customs fees>? was thinking about getting one or two SP20's but never got to the point as of yet. thanks yes, i'm in the UK and no such trade deal exists here. I believe the US adds no duty to your shipments from Israel. SP20 price won't be this low for much longer. order asap. To be fair we don't have duty in the UK on these items either, just VAT. I've had customs try and charge duty on top of VAT for a Bitmain miner in the past because it was described incorrectly in the paperwork. VAT sucks even if you are a VAT registered business. yes, that's true. there are flat-rate VAT schemes for small business in the UK which allow you to only pay a proportion of the VAT (under the claim-back method) |
tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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nicehash
Legendary
Offline
Activity: 885
Merit: 1006
NiceHash.com
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December 04, 2014, 09:50:30 AM |
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Anybody here that could compile/build cgminer for Spondoolies SP20 with our extranonce.subscription patch? Basically what would have to be done is to merge this patch with Spoondolies cgminer fork ... If somebody could make please post results in cgminer extranonce.subscribe extension thread. Thanks! |
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philipma1957 (OP)
Legendary
Offline
Activity: 4116
Merit: 7824
'The right to privacy matters'
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December 04, 2014, 11:07:16 AM |
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Nice thread folks, very informational. One question, i use DUTY calculator that was provided in the middle of the thread and says: Notes on duty & taxes rates and compliance Bitcoin Mining is duty free . Bitcoin mining is duty free as USA-Israel free trade agreement applies. A certificate of origin is required for preferential rate to apply. If the product has dual-use, an Export Control Classification Number (ECCN) is required [Some probability].Notes on import taxes due
Please note that your shipping provider may add an additional handling fee - is this true that if ordered from USA there will be no duty/customs fees>? p.s. Also it looks like one SP20 makes about 5-10$ a day for current price/diff (dropping pool fees/electricity) - right? was thinking about getting one or two SP20's but never got to the point as of yet. thanks just order 3 or less at a time. no issues with under 2500 usd purchases. I am in the USA and I ordered 1 unit 4 different times. taxes and duty were $0 |
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whonesta
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December 04, 2014, 03:37:36 PM |
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RECEIVED!!
Booted and running @ 1565 + in test lab (35c), OC once I get her to the DC.
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Biodom
Legendary
Offline
Activity: 3752
Merit: 3853
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December 04, 2014, 04:14:56 PM |
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Great for you guys  . A somewhat sore note: I observe a current lack of real bid on mining gear on ebay and that includes Bitmain S4 (bid below market for new), Spond Sp30 (no bid) and SP20 (bid below market). Either the market is saturated OR people save money for holidays. Stagnating BTC price is probably another cause. |
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wpgdeez
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December 04, 2014, 04:34:40 PM |
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The reselling game is tough now that the market is flooded.
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kenshirothefist
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December 04, 2014, 04:45:28 PM
Last edit: December 04, 2014, 06:23:50 PM by kenshirothefist |
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I would like to get some info about the noise level ... the specifications says ~20 DB at 25 °C ambient temperature ... is this true and is this at max load @160 GH/s? Is it equipped with some high quality 80mm fan that adjusts speed in accordance with the temperature? edit: ehh, sorry wrong thread ... I'm interested in the "DICE" noise level  |
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davecoin
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December 04, 2014, 04:59:46 PM |
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I would like to get some info about the noise level ... the specifications says ~20 DB at 25 °C ambient temperature ... is this true and is this at max load @160 GH/s? Is it equipped with some high quality 80mm fan that adjusts speed in accordance with the temperature?
Marto could probably answer you over here: https://bitcointalk.org/index.php?topic=875392.0 |
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727miner
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December 04, 2014, 05:05:55 PM |
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Is anyone using a tool to monitor multiple SP20s from one location? I use mdude's antmonitor for my ants and would like to have that same visibility into the SP20s without having to login to each one.
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whonesta
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December 04, 2014, 05:09:03 PM |
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I would like to get some info about the noise level ... the specifications says ~20 DB at 25 °C ambient temperature ... is this true and is this at max load @160 GH/s? Is it equipped with some high quality 80mm fan that adjusts speed in accordance with the temperature?
Marto could probably answer you over here: https://bitcointalk.org/index.php?topic=875392.0Marto is a known theif and technobit is a scam, regardless of any deals with SP-T Marto is a shit-bagger. While the agreement does alter my view of SP-T, business is business, hope he does not rip them off too.. As for noise I am running at ambient of 35c with basic settings on Turbo (90% fan) and the SP20 is no louder than a S3+ in same condition. The fan noise is however a deeper pitch which does make it more pleasant. SP-T +100 - POS Marto & Technobit -1000000. |
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