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Topic: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs - page 463. (Read 1260350 times)

sr. member
Activity: 252
Merit: 250

Please clarify how my comment was stupid.

It is stupid because it shows a complete lack of understanding of life experiences different from your own.
There are many reasons people rent instead of buy. In the USA, they could be compromised financially by medical expenses due to serious illness and sold their home to pay the bills, they could be recently divorced and have lost assets to the SO, they could be young and yet to get into the property racket, they could be priced out of the market due to work circumstances, they could have moved recently new a new part of the country and be renting before they buy, they could be waiting for the inevitable property crash in San Deigo to get in cheap, they could ...

There are a million and one obvious reasons why people might rent instead of buy other than not having prioritized buying a home.
Your remark was stupid because you haven't figured this out. My guess is that you are young white, affluent, middle class and live in North America and haven't travelled much.

There are alot of reasons people rent instead of buy.  They are usually not logical. I could put a valid argument for each example you gave.  I can't say that I have traveled outside the usa at all, but you can't say that people who have 6k worth of mining equipment are disadvantaged.  I bought my first house for less than that.  

By no means do I have a poor perspective on people in the usa.  In the us anyone can get a house loan, and again the loan payment and insurance will always be less than rent.  If for some reason the market crashes and they have cheaper prices, you can walk away without penalty. Situations in other 1st world countries are probably similar. For the 3rd world countries, they barely have electricity and internet, I don't think this discussion really applies to them.
legendary
Activity: 2408
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
Quote
August Group Buy Special Hosting Plan
View this email in your browser









Payment required - Hosting in Titan DC
Hi Everyone,

In previous emails we have asked you to indicate whether you were interested in having your August Group Buy SP30 delivered to you or whether you wanted to take advantage of the special offer we had for the Titan Data Center.

We have created a special product page for those of you who are interested in the special offer.

Please log into the following page, add your original order number, add the product to your car and go through the checkout process:

http://www.spondoolies-tech.com/products/august_gb_titan_hosting

Due to the deviation from the original specification we have decided to subsidize the difference in power costs from the original planned power consumption.

Costs for the hosting plan will be as follows:
•   1 Month of free hosting
•   5 Months hosting for $310 each
•   $100 Setup fees
•   $150 Bulk shipping cost
The total for the above fees is $1,800 for a period of 6 months.

Note that this is a special offer only for members of the August Group Buy!

If you have would like to take advantage of the offer please do so before August 11.

Best Regards,

Gadi Glikberg
VP Marketing & Sales  



Copyright © 2014 Spondoolies-Tech, All rights reserved.
Participatd in the SP30 sale

Our mailing address is:
Spondoolies-Tech
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Kiryat Gat 8258401
Israel

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So i got this email from SP-TECH, its nice that you have decided to honor the original hosting deal, in my case though I have decided to stick to my original plan and host it myself , i plan to run it at 4TH max to keep the PSU's at 2500WAttsI might get come 240 circuits placed as well next week and since it gets cold here around sept(only one month away) i can use forced air cooling and probably pay alot less in electricity costs going forward.  I figure by spring next year the unit will already be unprofitable to run in any case unless btc prices really shoot up.

of course this being the case I would prefer my unit shipped sooner than later as well: do we have a firm ship date on these units yet ?
 Also how any new details on how I will get compensated for the reduced hash rate ?  I paid by bank wire, but I would be fine with a pay-pal re-reimbursement or something even though I would prefer a coupon for a nice discount on October gear.

thanks again.

legendary
Activity: 2408
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
Just to avoid any misunderstandings, if you had the curiosity to open your electrical panel in a generic US residential home, this is how it should look like if you take down the cover:



The image shows 120Volt lines and 240volt lines. Both circuits have ground wire. Each 120V and 240V require two wires to complete circuit. 120V requires 1 hot and 1 neutral. 240V requires 2 hots. Some 240V lines have additional neutral wire. Neutral is not absolutely necessary to complete a 240V circuit. Some 240V lines have white and black instead of red and black.

To avoid burning the place down, follow the rules below about the wire sizes:



With this in mind, here's how one should wire their 250V sockets depending on the type of wires running to your mining location from your electrical panel (-2 wire or -3 wire) ..



or



You definitely have this setup already if your house is built after 1970, since most of the driers and ovens are using 240V in your house. Older houses may be the exceptions I'm going to be trolled on.

As always, if you're not sure what you're doing, get a licensed electrician. Just bear in mind you don't need a dedicated 240V circuit if everything you have is ONE/TWO SP30.

If anyone is interested, I can build to order CSA certified power distribution (sub) panels (metered or un-metered).

Yeah this is how my house looks , the issue though is not the adding of adtionaly 240 v circuts, they also need to be run up and down the wall of my unfinished basement , to the spot where i host my miners near a vented wall
donator
Activity: 1414
Merit: 1051
Spondoolies, Beam & DAGlabs
Full data, as measured by Benny today:

With Emerson PSU:

Fans: 80%
Rate: ~4.5TH
Rear 1m: 67dB
Front 1m: 63dB
hero member
Activity: 572
Merit: 500
The miner turned on:
67DB

This remark gets very easily overlooked without the pictures which were earlier in the message.
I can bet it was fun measuring the DB level with the unit initially turned off Cheesy
legendary
Activity: 1316
Merit: 1014
ex uno plures

Please clarify how my comment was stupid.

It is stupid because it shows a complete lack of understanding of life experiences different from your own.
There are many reasons people rent instead of buy. In the USA, they could be compromised financially by medical expenses due to serious illness and sold their home to pay the bills, they could be recently divorced and have lost assets to the SO, they could be young and yet to get into the property racket, they could be priced out of the market due to work circumstances, they could have moved recently new a new part of the country and be renting before they buy, they could be waiting for the inevitable property crash in San Deigo to get in cheap, they could ...

There are a million and one obvious reasons why people might rent instead of buy other than not having prioritized buying a home.
Your remark was stupid because you haven't figured this out. My guess is that you are young white, affluent, middle class and live in North America and haven't travelled much.
hero member
Activity: 572
Merit: 500
Just to avoid any misunderstandings, if you had the curiosity to open your electrical panel in a generic US residential home, this is how it should look like if you take down the cover:



The image shows 120Volt lines and 240volt lines. Both circuits have ground wire. Each 120V and 240V require two wires to complete circuit. 120V requires 1 hot and 1 neutral. 240V requires 2 hots. Some 240V lines have additional neutral wire. Neutral is not absolutely necessary to complete a 240V circuit. Some 240V lines have white and black instead of red and black.

To avoid burning the place down, follow the rules below about the wire sizes:



With this in mind, here's how one should wire their 250V sockets depending on the type of wires running to your mining location from your electrical panel (-2 wire or -3 wire) ..



or



You definitely have this setup already if your house is built after 1970, since most of the driers and ovens are using 240V in your house. Older houses may be the exceptions I'm going to be trolled on.

As always, if you're not sure what you're doing, get a licensed electrician. Just bear in mind you don't need a dedicated 240V circuit if everything you have is ONE/TWO SP30.

If anyone is interested, I can build to order CSA certified power distribution (sub) panels (metered or un-metered).
sr. member
Activity: 252
Merit: 250
I agree that mining has become mostly centralized by the wealthy, but I am not rich at all.  You don't need to be rich to own your own house.

In some countries, even owning a watch can be considered as being rich...

See the situation in 3rd world countries.

That is true.  If you make over 24k a year you are in the top 1% of the world.  I intended to say I am not rich in comparison to the other people in my area, or in the usa.
full member
Activity: 154
Merit: 100
I agree that mining has become mostly centralized by the wealthy, but I am not rich at all.  You don't need to be rich to own your own house.

In some countries, even owning a watch can be considered as being rich...

See the situation in 3rd world countries.
sr. member
Activity: 252
Merit: 250

I find this argument thoughtless. Those of us who don't own our own homes are often prohibited from making these kinds of modifications.

Also if you have enough $$ worth of mining equipment to necessitate a dedicated 240v circuit, you probably should have had home ownership higher on your priority list.

Smiley This is a little pushy .. next time, if you're a miner, you should own a boat too, have 5 kids and live in a mansion, if one can find a good enough reason. Three years ago you'd find ONLY geeky guys with their GPUs/CPUs in the landscape. Now we jumped to data-center grade stuff, and I don't see the need to own a house yet just for "being a miner".

Indeed. Mining has become a toff sport now. Its by and large lost it roots, and this loss will be the eventual death of the bitcoin ecosystem as it gets swallowed up by the fiat system.

I agree that mining has become mostly centralized by the wealthy, but I am not rich at all.  You don't need to be rich to own your own house.
sr. member
Activity: 252
Merit: 250
Smiley This is a little pushy .. next time, if you're a miner, you should own a boat too, have 5 kids and live in a mansion, if one can find a good enough reason. Three years ago you'd find ONLY geeky guys with their GPUs/CPUs in the landscape. Now we jumped to data-center grade stuff, and I don't see the need to own a house yet just for "being a miner".

Not quite the same. People need a place to live.  It makes sense to me to have a place to live in the most economical way.  People don't need a boat, kids or a mansion.
sr. member
Activity: 252
Merit: 250

Also if you have enough $$ worth of mining equipment to necessitate a dedicated 240v circuit, you probably should have had home ownership higher on your priority list.

This remark isn't just thoughtless, its stupid.

The people who spend enough in equipment to need a dedicated 240v circuit are clearly investing.  They are taking risk on the equipment in hopes to turn a profit in one way or another.  Yet they rent a house.  The landlord is making more money in rent then he pays in mortgage and insurance(otherwise he wouldn't do it).  People are concerned with power availability to profit on btc mining, yet loosing their ass monthly on housing (likely by a significantly larger margin).

Please clarify how my comment was stupid.
legendary
Activity: 2128
Merit: 1005
ASIC Wannabe

I find this argument thoughtless. Those of us who don't own our own homes are often prohibited from making these kinds of modifications.

Also if you have enough $$ worth of mining equipment to necessitate a dedicated 240v circuit, you probably should have had home ownership higher on your priority list.

Smiley This is a little pushy .. next time, if you're a miner, you should own a boat too, have 5 kids and live in a mansion, if one can find a good enough reason. Three years ago you'd find ONLY geeky guys with their GPUs/CPUs in the landscape. Now we jumped to data-center grade stuff, and I don't see the need to own a house yet just for "being a miner".

Indeed. Mining has become a toff sport now. Its by and large lost it roots, and this loss will be the eventual death of the bitcoin ecosystem as it gets swallowed up by the fiat system.

bitcoin never expected to be played with GPUs forever. the evolution to efficienct hardware and the creation of semi-centralized mining clusters was always a known eventuality and a healthy part of the growth. Its no different then when satoshi was mining 30% of all blocks at the beginning or when people had garages with 50+ GPUs running only a year or two back.

The SP30 design is ideal for this expansion, but you are right that mining profits are getting tighter recently. Before long a shift in bitcoin price will be required in order to offset the growing operation costs to produce a bitcoin
sr. member
Activity: 434
Merit: 250
What price will SP-Tech be declaring on the invoice for Customs ( original purchased price or original minus compensation ).


The invoices will contain the adjusted price i.e. original minus compensation.
Gadi

This is another awesome news Smiley Thanks!

+1 Hoping Norway doesn't ding me too bad when they get shipped to the DC there. Fingers crossed.

I am hoping the compensation make for a shorter haul to breakeven land... come on BTC rise!

 Smiley goodness and light  Smiley
sp10 no1 is mining pure profit baby
Peace.
hero member
Activity: 924
Merit: 1000
What price will SP-Tech be declaring on the invoice for Customs ( original purchased price or original minus compensation ).


The invoices will contain the adjusted price i.e. original minus compensation.
Gadi

This is another awesome news Smiley Thanks!

+1 Hoping Norway doesn't ding me too bad when they get shipped to the DC there. Fingers crossed.

I am hoping the compensation make for a shorter haul to breakeven land... come on BTC rise!
legendary
Activity: 1316
Merit: 1014
ex uno plures

I find this argument thoughtless. Those of us who don't own our own homes are often prohibited from making these kinds of modifications.

Also if you have enough $$ worth of mining equipment to necessitate a dedicated 240v circuit, you probably should have had home ownership higher on your priority list.

Smiley This is a little pushy .. next time, if you're a miner, you should own a boat too, have 5 kids and live in a mansion, if one can find a good enough reason. Three years ago you'd find ONLY geeky guys with their GPUs/CPUs in the landscape. Now we jumped to data-center grade stuff, and I don't see the need to own a house yet just for "being a miner".

Indeed. Mining has become a toff sport now. Its by and large lost it roots, and this loss will be the eventual death of the bitcoin ecosystem as it gets swallowed up by the fiat system.
legendary
Activity: 1316
Merit: 1014
ex uno plures

I find this argument thoughtless. Those of us who don't own our own homes are often prohibited from making these kinds of modifications.

Also if you have enough $$ worth of mining equipment to necessitate a dedicated 240v circuit, you probably should have had home ownership higher on your priority list.

This remark isn't just thoughtless, its stupid.
hero member
Activity: 560
Merit: 500
The miner turned on:
67DB
hero member
Activity: 572
Merit: 500

I find this argument thoughtless. Those of us who don't own our own homes are often prohibited from making these kinds of modifications.

Also if you have enough $$ worth of mining equipment to necessitate a dedicated 240v circuit, you probably should have had home ownership higher on your priority list.

Smiley This is a little pushy .. next time, if you're a miner, you should own a boat too, have 5 kids and live in a mansion, if one can find a good enough reason. Three years ago you'd find ONLY geeky guys with their GPUs/CPUs in the landscape. Now we jumped to data-center grade stuff, and I don't see the need to own a house yet just for "being a miner".
sr. member
Activity: 252
Merit: 250

I find this argument thoughtless. Those of us who don't own our own homes are often prohibited from making these kinds of modifications.

Also if you have enough $$ worth of mining equipment to necessitate a dedicated 240v circuit, you probably should have had home ownership higher on your priority list.
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