Topic: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs - page 399. (Read 1260354 times)

+1

spondoolies did an impressive job and anybody here with mining experience know that.
sure i am also not satisfied how the situation worked out with sp30 or last day of august for shipping group. but they handle it very well.

For people that are slow, let me sum it up for you:

Bitcoin is in it's infancy and is a very risky and volatile asset. Bitcoin may not even survive past infancy.

Bitcoin mining carries even more risk than simply buying Bitcoins directly because you may or may not earn as many Bitcoins as it costs to mine them after expenses.

Pre-ordering Bitcoin mining hardware that doesn't even exist at the time of payment adds even more risk to Bitcoin mining because the company may or may not deliver on time and on spec.

Pre-ordering Bitcoin mining hardware is one of the most risky Bitcoin related investments one can make, and those that imply otherwise are delusional. Almost all mining pre-order purchases work out badly of the buyer.

Spondoolies actually is handling the SP30 situation much better than most other manufacturers. I can come up with many examples of mining companies not delivering on pre-order promises and not giving customers anything in return.

Bitcoinrama you always impress me with your post.  You are the biggest broke dick nut swinger I have ever seen.  You know nothing about mining and it's more and more noticeable in every post and you obviously don't understand that your little bs 3 SP30's you've been circle jerking everyone you can to get in on is just going to put more more in the hole lol!

In 1 year you are still in the red?  Hahahaha sucks for you!  I did it 5 months and made about 20-30k when I sold my hardware and I did this while we had stupid huge jumps and price fluctuations everywhere.

I wouldn't trash on you so much if you weren't such an ignorant prick about this stuff.  So have fun with your little operation.  I am glad I'm down and didn't do any stupid Pre orders I am happy without doing them.  Cashing out got me a 22k Mile Turbo 93 Cobra, most of the stuff for our x275 car and the latest a motor for my 02 Porsche turbo.  So life is good on the money I made not listening to fuck tards like you lol!

Guy and team hats off for busting ass!  Continue that development and maybe ban Roadstress from whatever deal you have with him.  I told you awhile back if you could have done the 200-300k datacenter but done it on on time (without pre orders) I have way more than enough to do so.  My only request was going to be to remove this half whit.

/rant

Got some 'free' electricity / hosting for a few months... works out well for me.

I had hardware in Europe. But now, I've changed my strategy; In my country, the electricity cost increases quickly every year, the gap between here and the USA is so large... Fifteen years ago the story was different.

SPTech doesn't use me as a mouth piece. They never did. It's my pure and personal opinion and it's clear that you don't see the whole picture. Let me help you. but please pay attention:


20 miners, 120TH/s, $48,000 per 6 months.


29 miners, 130.5Th/s, $45,000 per 6 months (current price at this time at Toom.im)


So he got 10Th/s extra than what he ordered and cheaper hosting than he planned and he is still screwed. For a guy who invested more than $100k wissam lacks a pair of balls and is a big cry baby from my point of view.

Crummy situation Edgar.

Glad to get tracking... My SP30s on the way to Norway just as the temps start cooling off.

Thanks SPTech for getting them out the door.

Hope to be mining in a few days.

Also shout out to RoadStress thanks for putting the GB together and getting us those discounted rates!

Very smoothly handled GB and the charity was definitely a PLUS to the whole experience.

huh ?

So by way of example if your initial investment was $1000, you cashed out $600, you reinvested $1500 (600 + 900 more) and you own bitcoins (which I presume you mined with these investments) worth $900. So at this point, you have $1900 invested and coins worth $900.

So you are still $1000 in the hole on this 'investment'. I guess your plan is to rinse and repeat this remarkable strategy.

If this is incorrectly, please update it appropriately.

im finding it very difficult justifying spending more on futuristic 'expected' results.

3 more grand or 5.7 btc for 5 ish TH, maybe...

 ...in november

the cash offer is hardly appealing either!


on a brighter note - 'shipment picked up'...

arriving saturday or monday...?

oo, the pressure!


* my 1 year track record is one financial rape after another. if it wasnt for zetacoin, i would have been fkd last year.

one let down after another - and another  - and another.

the hangers-on do alright cos they get fat discounts & early hardware in exchange for time spent pew pew-ing the more vigilant among us.

ONLY BITMAIN has genuinely impressed me, and that is due to the 10% effort they put in far exceeding the 0.5% every other company has put in, instead relying on the aforementioned 'cheer-leaders'

but even Bitmain has lost my respect after opening up thier rigs and seeing the embarrassing thermal compound efforts & the all new 'pre-order' BS


back to the compensation - crumbs in 'october' or crumbs 'off' an 'october' rig of unknown abilities....

THAT is the question!

The issue here is that the guy has all the rights to be upset, but not on SP-T. The investment and pre-order decision (with everything that comes out of it) was not SP-Ts. However advertising 6TH/s at some point, they have their own issues to cover.

When you buy a car, they advertise the MPG, that it won't rust for 20 years and of course, the price. How many guys did you see complaining that they bought a Mustang and they can't drive with a speed of 10 miles per hour and obtain the advertised MPG rate? How many of those guys did you see whining to FORD about compensation in price, because their product does not meet the specifications? How many guys are complaining that their car does not reach the 180MPH printed on the dashboard?  They bought the Mustang, and they're free to return it or resell it.

Why would be the mining business different? Or any business for that matter? Everything changes when you reach understanding ..

Why does SPTech use you as a mouth piece? You are so unprofessional and biased it's not even funny. This guy has a right to be upset, 29 SP30's is a lot of gear. SP Tech missed there hash and power targets, he has every right to be upset. Do you have any conscience at all?

After reading all your posts and seeing how bad are you at mining I wanted to offer you mining consultancy services. For that I would've needed a free hand regarding acquisitions and reinvestment and seeing how impatient you are I am sure that I wouldn't have been able to handle the constant pressure and whining from you.

*My 1 year track record is that I have cashed out around 60% of my initial investment, I have reinvested into new equipment ~150% of my initial investment and I own bitcoins worth of 90% of my initial investment. With big exchange rate swings ofc.

I have some SP31s ordered, and the risk is there; Even a delivery end of October, or weeks before change a lot, what we can expect in return. A few month ago, sha256 chips were using obsolete chip technology (>40nm), this is no more the case today, this change a lot the perspective.

We're screwed BIG time buddy, I bought 29 x SP30s and I don't think I will be able to get an ROI unless a miracle happen and the difficulty stops going up so fast (which is not possible) or if the BTC to USD rate goes up (Which no one can tell).

IF I get my money back that's it no more mining, it's over.

OK, so I've finally received my compensation offer, cutting it a bit close for me to make a decision as they have started shipping.

The offer is an 18% refund, which is the difference between the 5.5TH they were originally offered as and the 4.5TH.

However I decided to jump on the group buy AFTER you posted the following because the increase in hashrate made it a much better deal and you were supremely confident of meeting your targets.


I think therefore the refund should be based on the rate you were advertising at the time of purchase, which in my case is around 30%.

When the drop in hashrate was announced in this thread, I said a couple of posts later that although the offer of compensation was good, I urged you to consider the fact that the power consumption figures were also way out and that this should also be reflected in the offer we received. It's sad to see you have decided to ignore this part of the failure.

the few estimates ive seen have been pretty grim

between 180 - 300+ days to break even depending on electric cost.

It's pure gambling with the diff:
https://coinplorer.com/Hardware/Simulate/53fdd7483747f913201e2b9f?key=3cf7337f-763a-43ff-bfc5-a9d3eab1093a

can someone stick up projections for '5.5Th' on the 1st of November

944 from 3920 still leaves a fat balance to be paid in the next 7 days for delivery in the 'second half' of October (4th quarter/11th hour)

I would guesstimate those are non-transferable, but please wait for spondoolies official comment.