[ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs - page 182.

Biffa

legendary

Activity: 3234

Merit: 1220

Genesis-Mining, can you clarify the fine print clause at the bottom of the terms?

Quote

*if, on any day, Coins generated on one day do not suffice to pay item 2 of the Fee above, the Service Provider may use Coins generated on any day thereafter for such payment.

Would it not be better to just terminate the contract if that happens, or suspend it or something?

luki19994

member

Activity: 99

Merit: 10

Ah ohne more thing
Spondoolies recommend genesis mining , i think by my Self that sp-t is the most reliable company.
But in this case no contract i see , someone write a GH/s cost 1 BTC someone write 2 BTC.
But sp-t recommend minersource hosting too !!!!!
I choose this , so here is my report.
They have my unit since , 31 october , october batch .
So they Need 13 days to get it online , then 3 days offline,now 10 days again.
When i ask for name who reply to my mails no answer.
After all mir s claim my unit was shout down because no payment.
But i paid 3 months before which means for November ,December and January.
So Maybe sp-t means it good but such a Bad support like minersource i Never See.
I can't wait to See how it works with genesis-mining
Ah you from sp-t Know Genesis-mining so of Course you would put a Hand into the fire ??
Because for minersource i wouldn't Do ,and you have it on your Website.

Biffa

legendary

Activity: 3234

Merit: 1220

Quote from: Genesis-Mining on January 23, 2015, 10:16:05 AM

Quote from: Biffa on January 23, 2015, 05:38:37 AM

So for me, to buy say the equivalent of a SP35 and host it myself vs cloud mining it

SP35: $2235 + $150 shipping = $2385

5TH Cloud: $2232 + $2230 (5000 * 0.446/gh) upfront maintance fee = $4462

The difference is substantial and thats if you pay it up front.

The "daily charge" of $0.0015/GH works out to $7.5/day or $228/month for 5TH

Just have to compare that to the hosting fees you pay. For me its too close. Cloud mining should be much cheaper than hosted because of economies of scale.

On a final note, I'm not bashing Genesis mining, I think they are, truly one of the real cloud mining providers with real hardware and hashrate to back up their business model, also having Guy and Spondoolies vouch for them goes a long way in my book, its just that for now, for me, cloud mining isn't the solution. But I'll keep an eye out.

Biffa, thx for your calculation. I think it is very important for everybody to crunch the numbers and feel comfortable.
Unfortunately I cannot follow you on this line:

5TH Cloud: $2232 + $2230 (5000 * 0.446/gh) upfront maintance fee = $4462

Can you please elaborate where the 2232 USD are coming from? Much appreciated.

MS

Fair enough if I read it wrong, the contract looks like it says that the "fee" is either a) or b)

So I was, apparently incorrectly, assuming that the fee was either $0.446/GH up front on top of the initial cost of the hashrate OR, $0.0015/GH per day. I thought you were offering a one of maintenance fee in perpetuity of $0.446/GH

But now seeing others analysis of it it seems that you are saying the initial TH price is based on the $0.446/GH and then there is a the daily charge.

I'll edit my post.

So its pretty simple, if it costs you more than $230 a month to have your SP35 co-located, or more than $230 a month in electricty to run your 5TH of SP20's then this is a good deal. If it costs you less than the maintenance charge to run your 5TH at home or in a colo, then its not a good deal

gbsray

member

Activity: 126

Merit: 10

Quote from: sjc1490 on January 23, 2015, 03:02:21 PM

Biodom, where is the auto that you were posting about for upper volt limit? I upgraded to 2.6.9 but don't see it. I see a scheduling feature which is new.

It's on the dropdown for the fan speed: (EDIT) Sorry, didnt read your post correctly, I can only find an Auto on the Fan speed dropdown.

sjc1490

hero member

Activity: 546

Merit: 500

Biodom, where is the auto that you were posting about for upper volt limit? I upgraded to 2.6.9 but don't see it. I see a scheduling feature which is new.

sjc1490

hero member

Activity: 546

Merit: 500

Quote from: Biodom on January 23, 2015, 01:28:05 PM

Quote from: gbsray on January 23, 2015, 01:22:32 PM

Has anyone that has upgraded to firmware 2.6.9 seen slightly slower hash rate? I've flashed 6 SP20's and everyone of then is 10-20GH/s slower vs firmware 2.6.4. Just curious if anyone else is seeing the same.

choose auto at a fixed upper voltage without adjusting maximum voltage (let it find the sweet spot), then you will get possible maximum hash at a lowest fan (after ~10 min)-to me this gave better numbers while underclocking than 2.6.1 (did not compare with 2.6.4)

BTW-congrats to zvisha and team-this is a great addition to prior software.

I somehow missed this, upgrading one now to give a try. Thanks.

wpgdeez

hero member

Activity: 728

Merit: 500

Quote from: Tigggger on January 23, 2015, 11:13:06 AM

The $0.47 per GH is what you pay for the contract, the $0.0015 per GH is what you pay for the maintenance.

Some more figures
5,000TH, costs BTC10.08540406 and makes BTC0.02499871 per day
Which means if difficulty never rises again you are looking at 403 days until breakeven is reached.

And during that 403 days BTC value could be anywhere from 0 to whatever, which adds even more risk into the equation. And we know the diff won't stay like this forever which makes it an even riskier investment. Then if stuff goes south fast and they shut down like others in the past then your really screwed.

You guys still in the game really like to stack the odds against yourself!

DiCE1904

legendary

Activity: 1118

Merit: 1002

Quote from: Biodom on January 23, 2015, 01:28:05 PM

Quote from: gbsray on January 23, 2015, 01:22:32 PM

Has anyone that has upgraded to firmware 2.6.9 seen slightly slower hash rate? I've flashed 6 SP20's and everyone of then is 10-20GH/s slower vs firmware 2.6.4. Just curious if anyone else is seeing the same.

choose auto at a fixed upper voltage without adjusting maximum voltage (let it find the sweet spot), then you will get possible maximum hash at a lowest fan (after ~10 min)-to me this gave better numbers while underclocking than 2.6.1 (did not compare with 2.6.4)

BTW-congrats to zvisha and team-this is a great addition to prior software.

Are you saying something else besides fan now can auto adjust?

If so can you explain in more detail please, very interested

Biodom

legendary

Activity: 3892

Merit: 4331

Quote from: gbsray on January 23, 2015, 01:22:32 PM

Has anyone that has upgraded to firmware 2.6.9 seen slightly slower hash rate? I've flashed 6 SP20's and everyone of then is 10-20GH/s slower vs firmware 2.6.4. Just curious if anyone else is seeing the same.

choose auto at a fixed upper voltage without adjusting maximum ~~voltage~~ wattage(let it find the sweet spot), then you will get possible maximum hash at a lowest fan (after ~10 min)-to me this gave better numbers while underclocking than 2.6.1 (did not compare with 2.6.4)

BTW-congrats to zvisha and team-this is a great addition to prior software.

luki19994

member

Activity: 99

Merit: 10

The Question is if pay upfront and Cost for GH/s is the same?
Because hosting cost are a little differnt depending how much GH/s you buy.
But how i See paying upfront is not the Same because the cost is the Same 0,446 /gh , See contact from biffa.
So again is the fee for contract( 50GH/s , usd 24,49 . 1000GH/s usd 469 . 15TH/s is 6750 usd)
The Same like paying upfront?

gbsray

member

Activity: 126

Merit: 10

Has anyone that has upgraded to firmware 2.6.9 seen slightly slower hash rate? I've flashed 6 SP20's and everyone of then is 10-20GH/s slower vs firmware 2.6.4. Just curious if anyone else is seeing the same.

aclass

sr. member

Activity: 381

Merit: 251

This was one of my ideas for the cloud. Load your account with $ and let them take the fees from there.

At some point clouds will start doing it. We are yet to see which one will be first

Biodom

legendary

Activity: 3892

Merit: 4331

Quote from: luki19994 on January 23, 2015, 12:15:12 PM

Hmh
so biffa write this :.
Remuneration
As a consideration for the Services the Customer agrees to pay to the Service Provider an amount of (the "Fee"):
a. 0.446 USD per GH/s upfront
b. USD 0.0015 per GH/s and day, deducted on a daily basis* from the generated Coins

and this :

Re: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs
Today at 10:38:37 AM
  #10931
So for me, to buy say the equivalent of a SP35 and host it myself vs cloud mining it

SP35: $2235 + $150 shipping = $2385

5TH Cloud: $2232 + $2230 (5000 * 0.446/gh) upfront maintance fee = $4462

The difference is substantial and thats if you pay it up front.

The "daily charge" of $0.0015/GH works out to $7.5/day or $228/month for 5TH

and Tigggger write this :

Today at 04:13:06 PM
  #10949
The $0.47 per GH is what you pay for the contract, the $0.0015 per GH is what you pay for the maintenance.

Some more figures
5,000TH, costs BTC10.08540406 and makes BTC0.02499871 per day
Which means if difficulty never rises again you are looking at 403 days until breakeven is reached.

so does 5 TH/s cost 4462$ or 10,085 BTC ?
It´s diffcult to find out by myself when i don´t see a contract on genesis-mining.

Huh

guys, i don't get it why this is so confusing.

Sp-31 is 4.9Th (i don't know how they will attune for +/-10%)
so 4900X0.446=$2185 plus 0.0015X4900X30.5(days)=~224-225/mo. However, this setup will get you 1.72 BTC/mo with current difficulty, which equals $400, getting you just $176/mo "profit'.
Esentially, you pay $2185 upfront, but get $176/mo (initially).
To me, the deal breaker is that they will subtract BTC from your account on a daily basis.
I don't care for such thing: bill my credit card or even bank account in $$, then i am OK, that is it would be the equivalent of slowly buying bitcoin, but to give out more than 50% of mined bitcoin defeats the main purpose, which is bitcoin accumulation.

luki19994

member

Activity: 99

Merit: 10

Hmh
so biffa write this :.
Remuneration
As a consideration for the Services the Customer agrees to pay to the Service Provider an amount of (the "Fee"):
a. 0.446 USD per GH/s upfront
b. USD 0.0015 per GH/s and day, deducted on a daily basis* from the generated Coins

and this :

Re: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs
Today at 10:38:37 AM
#10931
So for me, to buy say the equivalent of a SP35 and host it myself vs cloud mining it

SP35: $2235 + $150 shipping = $2385

5TH Cloud: $2232 + $2230 (5000 * 0.446/gh) upfront maintance fee = $4462

The difference is substantial and thats if you pay it up front.

The "daily charge" of $0.0015/GH works out to $7.5/day or $228/month for 5TH

and Tigggger write this :

Today at 04:13:06 PM
#10949
The $0.47 per GH is what you pay for the contract, the $0.0015 per GH is what you pay for the maintenance.

Some more figures
5,000TH, costs BTC10.08540406 and makes BTC0.02499871 per day
Which means if difficulty never rises again you are looking at 403 days until breakeven is reached.

so does 5 TH/s cost 4462$ or 10,085 BTC ?
It´s diffcult to find out by myself when i don´t see a contract on genesis-mining.

Huh

Swimmer63

legendary

Activity: 1593

Merit: 1004

Quote from: Tigggger on January 23, 2015, 11:13:06 AM

The $0.47 per GH is what you pay for the contract, the $0.0015 per GH is what you pay for the maintenance.

Some more figures
5,000TH, costs BTC10.08540406 and makes BTC0.02499871 per day
Which means if difficulty never rises again you are looking at 403 days until breakeven is reached.

IMHO Cloud mining has a place in the market. There are plenty of folks that want the experience (detached as it is) of mining btc.
But for all kinds of reasons they can not, will not go buy a miner. Cloud mining is the only way they can reasonably share in the experience.
But every cloud miner needs to know - you will never, ever, ever make money cloud mining. At least not anymore.
I rent my miners out everyday. They rent for more than it costs to buy the btc from coinbase. The people I rent to will never make money from renting my rigs.

I am not bashing cloud mining companies or cloud miners. I'm just saying don't ever expect a return on your money. The only reason anyone starts a cloud mining business or rents out their miners is because they can make more money than just running their rigs on their pool. So yes - you will pay more to cloud mine than the btc you mine is worth. Just be aware.

luki19994

member

Activity: 99

Merit: 10

It´s little confusing
so the take between 0,49 $ - 0,45$ per GH/s(depend on contract) + 0,446 $ per GH/s upfront + 0,0015$ per GH/s and day ??
Why they don´t ad the fee for contract and the fee upfront together ?
I have yesterday the same problem that i want to see a contract from genesis-mining ,but no chance.
If this wasn´t spondoolies that they recommend , i would be very sceptical.

Tigggger

legendary

Activity: 1098

Merit: 1000

The $0.47 per GH is what you pay for the contract, the $0.0015 per GH is what you pay for the maintenance.

Some more figures
5,000TH, costs BTC10.08540406 and makes BTC0.02499871 per day
Which means if difficulty never rises again you are looking at 403 days until breakeven is reached.

sjc1490

hero member

Activity: 546

Merit: 500

Quote from: Genesis-Mining on January 23, 2015, 10:16:05 AM

Quote from: Biffa on January 23, 2015, 05:38:37 AM

So for me, to buy say the equivalent of a SP35 and host it myself vs cloud mining it

SP35: $2235 + $150 shipping = $2385

5TH Cloud: $2232 + $2230 (5000 * 0.446/gh) upfront maintance fee = $4462

The difference is substantial and thats if you pay it up front.

The "daily charge" of $0.0015/GH works out to $7.5/day or $228/month for 5TH

Just have to compare that to the hosting fees you pay. For me its too close. Cloud mining should be much cheaper than hosted because of economies of scale.

On a final note, I'm not bashing Genesis mining, I think they are, truly one of the real cloud mining providers with real hardware and hashrate to back up their business model, also having Guy and Spondoolies vouch for them goes a long way in my book, its just that for now, for me, cloud mining isn't the solution. But I'll keep an eye out.

Biffa, thx for your calculation. I think it is very important for everybody to crunch the numbers and feel comfortable.
Unfortunately I cannot follow you on this line:

5TH Cloud: $2232 + $2230 (5000 * 0.446/gh) upfront maintance fee = $4462

Can you please elaborate where the 2232 USD are coming from? Much appreciated.

MS

If the .47 under the 469 isn't the on going maintenance fee and is a breakdown of where the 469 is coming from what is the maintenance fee discussed after you pay the 469 per 1000 GH/s activation fee? I also was confused as to how it is presented on the web page.

Genesis-Mining

sr. member

Activity: 430

Merit: 250

Quote from: Biffa on January 23, 2015, 05:38:37 AM

So for me, to buy say the equivalent of a SP35 and host it myself vs cloud mining it

SP35: $2235 + $150 shipping = $2385

5TH Cloud: $2232 + $2230 (5000 * 0.446/gh) upfront maintance fee = $4462

The difference is substantial and thats if you pay it up front.

The "daily charge" of $0.0015/GH works out to $7.5/day or $228/month for 5TH

Just have to compare that to the hosting fees you pay. For me its too close. Cloud mining should be much cheaper than hosted because of economies of scale.

On a final note, I'm not bashing Genesis mining, I think they are, truly one of the real cloud mining providers with real hardware and hashrate to back up their business model, also having Guy and Spondoolies vouch for them goes a long way in my book, its just that for now, for me, cloud mining isn't the solution. But I'll keep an eye out.

Biffa, thx for your calculation. I think it is very important for everybody to crunch the numbers and feel comfortable.
Unfortunately I cannot follow you on this line:

5TH Cloud: $2232 + $2230 (5000 * 0.446/gh) upfront maintance fee = $4462

Can you please elaborate where the 2232 USD are coming from? Much appreciated.

MS

Genesis-Mining

sr. member

Activity: 430

Merit: 250

Hey All,

Just want to say hi here in the channel. We are happy to do this project together with Spondoolies.
They are reliable and have the most stable and efficient hardware for mass deployment.
Due to the high reputation on both sides within the community we want to be a good example as the most profitable and even importantly "real" cloudmining operation.
Especially the latter one has to be pointed out in these times!

Our framework works extremely well in combination with the Spondoolies miners and we are happy to offer this opportunity with maximized efficiency for you.

Looking forward to the future! Exciting times ahead!

MS

Topic: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs - page 182. (Read 1260290 times)