Topic: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs - page 411. (Read 1260290 times)

Sure, after difficulty goes up another 10x.

This comes from a guy (named 'Guy') who recently discovered his engineering limits.  Maybe the others haven't quite found the big surprises which hinder you from reaching your previous expectations.  Maybe they are more careful with their numbers and actually were able to predict the performance of those things they did later produce.  Every consider that? 

Let me rephrase. With current tech and BTC value, it will slow down.

it must...sounds like a bit of wishful thinking. I heard the same from KnC, which were saying that it would stay flat from June on.
Nobody predicted the current surge from ~120 to ~190 (200 at peak). At some point it has to slow down, but nobody can identify that point: it could be half a year away.

His math is almost as bad as yours!!!  You figured 6.5TH/s for your SP30 and that all went bad too.  At least that guy is in the neighborhood.  I wouldn't be sarcastic when it comes to math my friend - you've done your share of fucking it up too.  Cost everyone a ton of money.  At least that other guy just has a blown fantasy.

I was working before in the electronic industry field; We had always evaluated competitor products, and I see that was properly done here too. This is a good point, and this is very important.

Feel free to keep posting. I do agree with your statement about mainstream technology. BitFury kind of prove that with the rev1 and rev2.

Because there is currently no mainstream technology that would yield a financially viable solution for mining, but that will change soon, I'm sure you know that engineers can be very inventive if they are given the right tools and freedom to use what they've learned.

Anyway, like I said I don't want to keep posting stuff in your thread that's not directly related to your ongoing business.

I do know various non-retail efforts. I'm sure I don't know all.
I do find them at a rate of 2 or 3 a month. I even evaluated some of those efforts. I wasn't impressed.

Thank you for the math lesson. Yup the mythical 0.1 W/GHs
Why stop here ? Why not calculate with 0.04 W/GHs  ?  

Shit, hit the wrong key.

NO, by all means please do continue although I really don't want to post stuff in your thread that might belong elsewhere. I don't doubt that you have extrapolated knowledge of what your competitors are up to but you really don't know what non-retail groups are up to.

Since we are VC funded, I do know something about that as well.
If you're referring to 21e6, they're not exactly VC funded, but they did get (a lot more) funds then us.
Didn't do them too much good with their 1st gen.

If you have the money, getting 100MVA is relatively easy in several locations, all you have to do is pony up some cash and wait 3-4 months for delivery of the main power transformer(s) and building of the substation. Not difficult at all, even 500MVA can be put in place within 6 months or less.

And you're assuming that no one has really low power asics.......if one of the independents had, oh I don't know, say a 0.12J/GH chip then 100MVA would equate to 600PH of capacity.

I heard Spondoolies people are geared toward helping decentralizing btc.  I want Spondoolies to succeed.  I know how.  I advised Spondoolies to cut all their prices by 50% and ship them right now.  This is a good business idea, believe me.

+1

VC money flies low and silent.

Not desperate at all. Just analysed and know all the known competition cost.

The trend is clear if you remove BitFury 2 last DCs (June and August): http://bitcoin.sipa.be/growth.png
At current BTC price and their machine cost, they're almost loosing money at Georgia and Iceland.

btw: They didn't need the $20M they raised. I can't elaborate more.

BitmainTech margins are very, very low.

ASICMiner is selling almost at cost to recoup their $6M wafers gen3 investment.

Cointerra is also probably loosing money on their 1st gen. Their 2nd gen won't arrive until Q2

Should I continue ?

Please quote this message one month from now. Let see how the growth graph will look.

No, you're very wrong here, the hash rate won't slow down just because you want it to - it almost sounds as if you're desperate?

Bitfury got $20m of funding a few months back, exactly what do you think they are going to do with it? Asicminer seem determined to keep pushing their 40nm mistake and no doubt their disciples will keep buying them in their droves. They'll also be quietly building up their own capacity, (one of their little helpers reckons 60PH a month, ho, ho) although they have a lot to learn about power distribution. Bitmain will sell as many units as they can produce, discount them in a month or twos time and people will continue to buy them because they all hope the BTC value will go up and up.

You and I both know that anyone who manufactures hardware will also be mining, maybe not directly with customers machines as in the past, but through 'sister' companies or affiliates or simply bulk buyers. Those entities are quite happy to wait 4-6 months to get returns as they get the hardware a lot cheaper and will keep piling the PHashes on.

Then you have the companies you really want to be worried about, the ones who have their own asics and no irritating customers to deal with or support. They don't have to worry about bad press, complaints or the opinions of the numerous 'experts' on the forums.

So if I was you I'd prepare my business forecasts for 500PH by December and 800PH by June 2014. Or worse.

Sure thing. Starting from 100MW every month.

Hi,

I changed your difficulty to 15% a month and my return is negative 72.  So just 1% increase in difficulty causes no ROI?

I don't think it is realistic to have 15% a month in difficulty increase.  It is more like a 40% increase a month.