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Topic: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs - page 37. (Read 1260202 times)

newbie
Activity: 20
Merit: 0
My take on the latest press release:

  • They generated ~1800btc last calendar year = very roughly $700k
  • They have approximately $400k of hardware @0.2$/GH
  • This hardware is generating $3500 a day at a cost of $1300 a day
  • They're paying an investment banking firm to help them uplist their broke ass company to a major exchange (xD)
  • They expect to mine just 600 bitcoins in 16Q1
  • They can no longer claim 1700% growth from nearly nothing to > nearly nothing

Quote
ARLINGTON, VA--(Marketwired - Jan 12, 2016) - BTCS Inc. (OTCQB: BTCS) ("BTCS" or the "Company"), a blockchain technology focused company which secures the blockchain through its transaction verification services business, generated 1,797 bitcoins for the year ended December 31, 2015 from its transaction verification services, an increase of 3,389% over total bitcoins earned in 2014.

"While we are pleased to report significant percentage growth in bitcoins earned during 2015, the real story of our success over the past year is the strong foundation we built for our business moving forward," stated Charles Allen, CEO of BTCS. "Our refined operational focus on blockchain technologies has led to a rapid build-out of capacity at our North Carolina facility, and with our definitive merger with Spondoolies-Tech Ltd. now in place, we are well-positioned for continued growth in 2016."

The Company's recently completed round of financing has enabled it to grow its transaction verification business to approximately 1800 TH/s, an increase of more than 100% compared to the 891 TH/s in place through most of 2015. Operating at the increased hash rate the Company will use approximately 0.95 megawatts ("mw") of its 3mw capacity.

Allen continued, "With the transaction verification servers we are running today, we believe we are on track to generate over 600 bitcoins in the first quarter of 2016. The remaining unused capacity we have in place provides ample room for planned growth with minimal added expense as we pursue a substantial financing with the goal of uplisting to a major exchange."

The Company engaged Chardan Capital Markets, LLC, a privately held investment banking firm with a focus on small-cap and mid-cap markets, to advise the Company on potential transactions that could lead to an up listing on a major exchange.

The additional capital expected to be raised from a future offering will enable BTCS to further capitalize on the significant opportunity within the growing blockchain technology space. Recently heralded in a cover story in The Economist for its potential to "transform how the economy works," blockchain technologies are forecasted to impact nearly every industry that relies on safe and secure transactions.

*disclaimers removed*


 You missed something Doggie  " transaction verification business to approximately 1800 TH/s, an increase of more than 100% compared to the 891 TH/s in place through most of 2015 "

  Roll Eyes
legendary
Activity: 1666
Merit: 1185
dogiecoin.com
I don't believe you'll be able to rescue a dead board, you're best removing / unplugging / disabling it and moving on.

You're right but I would like to know if the board is really dead, so I asked.

Bye

Looks pretty dead to me
newbie
Activity: 5
Merit: 0
I don't believe you'll be able to rescue a dead board, you're best removing / unplugging / disabling it and moving on.

You're right but I would like to know if the board is really dead, so I asked.

Bye
member
Activity: 68
Merit: 10
Hi Geko,

Welcome to the forum! I would love to help with your SP20 but I have never owned one lol, I am sure a helpful individual will be along soon enough tho!

With regards to the general Spondoolies-tech situation, I am personally seeing them as past their prime and no longer players.
I was genuinely in the market for 5+ SP50 units but after emailing numerous times with not even a single response I have personally given up.

I have now gone to buying S7's and having to rack mount them on 4u rack shelves (3 to a shelf with the PSU mounted overhead on 3M VHB tape)

I think its sad as the SP3x series were belters! (especially at low temperatures like we have now at 3C inlet temp) but the remaining SP31's and SP35's I have are slowly being phased out as the S7's use far less power. As I am limited to 3x 110a feeds at 240v I can either have 1 SP31 @4.9th or 2x S7 @9.4th
You do the math!

I would love to know whats really going on inside S-T but I fear this genuinely is the end.

regs 
legendary
Activity: 1666
Merit: 1185
dogiecoin.com
I don't believe you'll be able to rescue a dead board, you're best removing / unplugging / disabling it and moving on.
newbie
Activity: 5
Merit: 0
Hi all,
  I have a problem with my SP20...
One board seems faulty, in the syslog I can read:

Jan 17 20:22:14 miner local1.warn minergate[637]: DC2DC Init 0 done OK
Jan 17 20:22:14 miner local1.warn minergate[637]: DC2DC Init 1 done OK
Jan 17 20:22:14 miner local1.warn minergate[637]: DC2DC Init 2 done OK
Jan 17 20:22:14 miner local1.warn minergate[637]: DC2DC Init 3 done OK
Jan 17 20:22:14 miner local1.warn minergate[637]: DC2DC Init 4 done OK
Jan 17 20:22:14 miner local1.warn minergate[637]: DC2DC Init 5 done OK
Jan 17 20:22:14 miner local1.warn minergate[637]: DC2DC Init 6 done OK
Jan 17 20:22:14 miner local1.warn minergate[637]: DC2DC Init 7 done OK
Jan 17 20:22:14 miner local1.warn minergate[637]: init_pwm
Jan 17 20:22:14 miner local1.warn minergate[637]: ADDR_SQUID_LOOP_BYPASS = ffffffe
Jan 17 20:22:14 miner local1.warn minergate[637]: Loop BAD DATA (0) on 0
Jan 17 20:22:14 miner local1.warn minergate[637]: loop 0 disabled (code 5)
Jan 17 20:22:14 miner local1.warn minergate[637]: Critical: Loop missing in discovery 0 (code 5)
Jan 17 20:22:14 miner local1.warn minergate[637]: Disabling DC2DC 0 because no ASIC A X
Jan 17 20:22:15 miner local1.warn minergate[637]: Disabling DC2DC 1 because no ASIC A X
Jan 17 20:22:15 miner local1.warn minergate[637]: ADDR_SQUID_LOOP_BYPASS = ffffffd
Jan 17 20:22:15 miner local1.warn minergate[637]: Loop BAD DATA (0) on 1
Jan 17 20:22:15 miner local1.warn minergate[637]: loop 1 disabled (code 5)
Jan 17 20:22:15 miner local1.warn minergate[637]: Critical: Loop missing in discovery 1 (code 5)
Jan 17 20:22:15 miner local1.warn minergate[637]: Disabling DC2DC 2 because no ASIC A X
Jan 17 20:22:15 miner local1.warn minergate[637]: Disabling DC2DC 3 because no ASIC A X
Jan 17 20:22:15 miner local1.warn minergate[637]: ADDR_SQUID_LOOP_BYPASS = ffffffb
Jan 17 20:22:15 miner local1.warn minergate[637]: All passed 5
Jan 17 20:22:15 miner local1.warn minergate[637]: loop 2 enabled
Jan 17 20:22:15 miner local1.warn minergate[637]: ADDR_SQUID_LOOP_BYPASS = ffffff7
Jan 17 20:22:15 miner local1.warn minergate[637]: All passed 5
Jan 17 20:22:15 miner local1.warn minergate[637]: loop 3 enabled
Jan 17 20:22:15 miner local1.warn minergate[637]: ADDR_SQUID_LOOP_BYPASS = ffffff3
Jan 17 20:22:15 miner local1.warn minergate[637]: Found 2 good loops
Jan 17 20:22:15 miner local1.warn minergate[637]: enable_good_loops_ok done 1965
Jan 17 20:22:15 miner local1.warn minergate[637]: GOT VERSION: 0x46
Jan 17 20:22:15 miner local1.warn minergate[637]: ASICS in loop 0: 0
Jan 17 20:22:15 miner local1.warn minergate[637]: ASICS in loop 1: 0
Jan 17 20:22:15 miner local1.warn minergate[637]:  ASICS in loop 2: 2
Jan 17 20:22:15 miner local1.warn minergate[637]:  ASICS in loop 3: 2


I placed the good asic board in the other slot and extracted the faulty one and get:

Jan 16 16:05:50 miner local1.warn minergate[696]: LOST BOTTOM BOARD!
Jan 16 16:05:50 miner local1.warn minergate[696]: TAKE ONE BOARD 0 PRESENT:1
Jan 16 16:05:50 miner local1.warn minergate[696]: TAKE ONE BOARD 1 PRESENT:0
Jan 16 16:05:50 miner local1.warn minergate[696]: TAKE TWO BOARD 0 PRESENT:1
Jan 16 16:05:50 miner local1.warn minergate[696]: TAKE TWO BOARD 1 PRESENT:0
Jan 16 16:05:50 miner local1.warn minergate[696]: DC2DC stop all
Jan 16 16:05:50 miner daemon.info init: starting pid 787, tty '/dev/ttyO0': '/sbin/getty -L ttyO0 115200 vt100 '
Jan 16 16:05:51 miner local1.warn minergate[696]: DC2DC Init 0 done OK
Jan 16 16:05:51 miner local1.warn minergate[696]: DC2DC Init 1 done OK
Jan 16 16:05:51 miner local1.warn minergate[696]: DC2DC Init 2 done OK
Jan 16 16:05:51 miner local1.warn minergate[696]: DC2DC Init 3 done OK
Jan 16 16:05:51 miner local1.warn minergate[696]: i2c write 0x71 = 0x1 error2
Jan 16 16:05:51 miner local1.warn minergate[696]: i2c write byte 0x18 0x2 = 0x12 error6
Jan 16 16:05:51 miner local1.warn minergate[696]: i2c write 0x71 = 0x0 error2
Jan 16 16:05:51 miner local1.warn minergate[696]: i2c write 0x71 = 0x2 error2
Jan 16 16:05:51 miner local1.warn minergate[696]: i2c write byte 0x18 0x2 = 0x12 error6
Jan 16 16:05:51 miner local1.warn minergate[696]: i2c write 0x71 = 0x0 error2
Jan 16 16:05:51 miner local1.warn minergate[696]: i2c write 0x71 = 0x4 error2
Jan 16 16:05:51 miner local1.warn minergate[696]: i2c write byte 0x18 0x2 = 0x12 error6
Jan 16 16:05:51 miner local1.warn minergate[696]: i2c write 0x71 = 0x0 error2
Jan 16 16:05:51 miner local1.warn minergate[696]: i2c write 0x71 = 0x8 error2
Jan 16 16:05:51 miner local1.warn minergate[696]: i2c write byte 0x18 0x2 = 0x12 error6
Jan 16 16:05:51 miner local1.warn minergate[696]: i2c write 0x71 = 0x0 error2



So the controller is ok and the faulty board seems to send information about DC2DC converters.
Do you think that all ASIC in the faulty board are fried?

I have an oscilloscope,  what can I measure to be sure that the ASICs are really bad?

Thanks!
Bye
legendary
Activity: 1666
Merit: 1185
dogiecoin.com
My take on the latest press release:

  • They generated ~1800btc last calendar year = very roughly $700k
  • They have approximately $400k of hardware @0.2$/GH
  • This hardware is generating $3500 a day at a cost of $1300 a day
  • They're paying an investment banking firm to help them uplist their broke ass company to a major exchange (xD)
  • They expect to mine just 600 bitcoins in 16Q1
  • They can no longer claim 1700% growth from nearly nothing to > nearly nothing

Quote
ARLINGTON, VA--(Marketwired - Jan 12, 2016) - BTCS Inc. (OTCQB: BTCS) ("BTCS" or the "Company"), a blockchain technology focused company which secures the blockchain through its transaction verification services business, generated 1,797 bitcoins for the year ended December 31, 2015 from its transaction verification services, an increase of 3,389% over total bitcoins earned in 2014.

"While we are pleased to report significant percentage growth in bitcoins earned during 2015, the real story of our success over the past year is the strong foundation we built for our business moving forward," stated Charles Allen, CEO of BTCS. "Our refined operational focus on blockchain technologies has led to a rapid build-out of capacity at our North Carolina facility, and with our definitive merger with Spondoolies-Tech Ltd. now in place, we are well-positioned for continued growth in 2016."

The Company's recently completed round of financing has enabled it to grow its transaction verification business to approximately 1800 TH/s, an increase of more than 100% compared to the 891 TH/s in place through most of 2015. Operating at the increased hash rate the Company will use approximately 0.95 megawatts ("mw") of its 3mw capacity.

Allen continued, "With the transaction verification servers we are running today, we believe we are on track to generate over 600 bitcoins in the first quarter of 2016. The remaining unused capacity we have in place provides ample room for planned growth with minimal added expense as we pursue a substantial financing with the goal of uplisting to a major exchange."

The Company engaged Chardan Capital Markets, LLC, a privately held investment banking firm with a focus on small-cap and mid-cap markets, to advise the Company on potential transactions that could lead to an up listing on a major exchange.

The additional capital expected to be raised from a future offering will enable BTCS to further capitalize on the significant opportunity within the growing blockchain technology space. Recently heralded in a cover story in The Economist for its potential to "transform how the economy works," blockchain technologies are forecasted to impact nearly every industry that relies on safe and secure transactions.

*disclaimers removed*
legendary
Activity: 1666
Merit: 1185
dogiecoin.com
He is saying that it kind of does go full fan speed every few minutes.

Gave him this link: http://www.spondoolies-tech.com/blogs/technical-blog/13098521-sp10-sp2x-sp3x-recovery-sd-card-boot-sd-card-creation-instructions

i hope he manages Grin

Should be okay then, its sitting there idle with messed up network settings. The SD card should fix it.
hero member
Activity: 742
Merit: 500
He is saying that it kind of does go full fan speed every few minutes.

Gave him this link: http://www.spondoolies-tech.com/blogs/technical-blog/13098521-sp10-sp2x-sp3x-recovery-sd-card-boot-sd-card-creation-instructions

i hope he manages Grin
legendary
Activity: 1666
Merit: 1185
dogiecoin.com
Please advise!

Is it restarting every 2-3 minutes (you'd hear it)? Any luck with the recovery SD card?
hero member
Activity: 742
Merit: 500
Hello, hello!

Friend of mine is saying that he's got problems with his sp31.

Miner has green leds on both psu, normal activity on the network leds, and the front 2 leds are like this: green totally off and orange is blinking 3 times!

He has tried myminer.io but no miner in there! ip scanner but no ip of the miner! So he can't access his miner Sad

Miner was ok few weeks back! sadly was left unattended...

Please advise!

Thank you!
hero member
Activity: 773
Merit: 528
The only thing I don't know yet is how to get only one of the 2 boards working (either top or bottom).
Any ideas?

Disable all the loops on that board? Don't know how that's coded though.

Yes that would be a solution.. Anyone who might know how to extract the code to disable/enable ASICS from its Web page?
legendary
Activity: 1666
Merit: 1185
dogiecoin.com
I had two guys I know each offer over a million dollars to purchase or invest, and they responded that they weren't interested but would keep their info for the future.

Purchase I can understand, BTCS have theoretical dibs on everything so its not their [pretending Spondoolies is separate] decision. But saying no to investment, the fuck?
member
Activity: 91
Merit: 10
I had two guys I know each offer over a million dollars to purchase or invest, and they responded that they weren't interested but would keep their info for the future.
legendary
Activity: 1666
Merit: 1185
dogiecoin.com
Sorry for asking should this have been answered before... Is there any actual proof that the chips for the SP50 are finished?
If so why they don't just sell chips if in need of money? I just can't understand the SP management decisions since they partnered with the slimy rip-off company that Genesis Mining is.
No.


@dogie what's the status on the sales commission they owe you?
Unpaid, negotiations with their lawyers were a joke, update soon.
legendary
Activity: 1600
Merit: 1014
Sorry for asking should this have been answered before... Is there any actual proof that the chips for the SP50 are finished?
If so why they don't just sell chips if in need of money?

I just can't understand the SP management decisions since they partnered with the slimy rip-off company that Genesis Mining is.

@dogie what's the status on the sales commission they owe you?
legendary
Activity: 1666
Merit: 1185
dogiecoin.com
The only thing I don't know yet is how to get only one of the 2 boards working (either top or bottom).
Any ideas?

Disable all the loops on that board? Don't know how that's coded though.
hero member
Activity: 773
Merit: 528
Because I have my SP30 in a small room where the temperature rises above 40oC during daytime, I've made the following scripts to better schedule it to run only during nighttime:

SSH to SP30, run crontab -e and add these lines
Code:
55 15 * * * /etc/./start_mining.sh >> /etc/voltage.log
2 6 * * * /etc/./stop_mining.sh >> /etc/voltage.log
15,45 * * * *  /etc/throttle.sh

vi /etc/start_mining.sh
#!/bin/sh

Code:
echo
date
/usr/local/bin/change_voltage 630
echo "630" > /etc/voltage_flag.txt
echo

vi /etc/stop_mining.sh
Code:
#!/bin/sh

echo
date
/usr/local/bin/change_voltage 0
echo

and this script for throttling the miner according to ambient temperature, and stop if if it exceeds 40oC
vi  /etc/throttle.sh
Code:
#!/bin/sh

#echo
#date
#/usr/local/bin/change_voltage 620
#echo

jsonValue() {
KEY=$1
num=$2
awk -F"[,:}]" '{for(i=1;i<=NF;i++){if($i~/'$KEY'\042/){print $(i+1)}}}' | tr -d '"' | sed -n ${num}p
}


json=`curl -u admin:admin http://127.0.0.1/monitor.php`
tempfront=`echo $json | jsonValue Temperaturefront`
#echo $tempfront

#tempfront=33
read flag < /etc/voltage_flag.txt

if [ -z "$tempfront" ]; then

        exit 1
fi

if  [ "$tempfront" -gt 37 -a "$tempfront" -le 40 -a "$flag" -ne 620 ]; then
        echo "620" > /etc/voltage_flag.txt
        echo "Temp on `date` is $tempfront, setting voltage to 620" >> /etc/throttle.log
        /usr/local/bin/change_voltage 620
fi

if  [ "$tempfront" -gt 40 ]; then
        echo "0" > /etc/voltage_flag.txt
        echo "Temp on `date` is $tempfront, stopping miner!" >> /etc/throttle.log
        /usr/local/bin/change_voltage 0
fi

if  [ "$tempfront" -lt 34 -a "$flag" -ne 630 ]; then
        echo "630" > /etc/voltage_flag.txt
        echo "Temp on `date` is $tempfront, setting voltage to 630" >> /etc/throttle.log
        /usr/local/bin/change_voltage 630
fi

The only thing I don't know yet is how to get only one of the 2 boards working (either top or bottom).
Any ideas?
hero member
Activity: 742
Merit: 500
same for all spondolies miners! got sp30 and sp20 and they love the cold Grin

even better after reapplying the thermal paste!
the original is too bad and too old!
sr. member
Activity: 265
Merit: 250
SP31 likes cold. It's hashing at it's best hashrate ever, now when temperature here is -30C. It was little colder last night and I had to unplug and restart one psu  Angry.
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