Topic: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs - page 478. (Read 1260350 times)

who cares about the reputations of bitmain, and knc they are the reason why diff is so high what they are doing with thier datorhalls is totally against the spirit of bitcoin.  Their double dealing stinks I have no problem with sp tech badmouthing them.

Yes spondoolies, terrible name, are acting real professional. .... spreading gossip about their competitors. ...... uou would think a team that failed to meet their power specs would have better things to do than gossip..... professional for sure

Yup. That calculation has to be made.

We took a risk based on 'guaranteed' specs and knowing that SPTech has always taken care of their customers up to the this point in time I am bullish on them continuing to do whatever it takes to keep that record going. There are many ways to skin the cat on this I am interested in what finally comes out as compensation.

Either way I am grateful at least for the honesty. I am also grateful they resolved the issue so that future chips will be better and more in keeping to the specs they initially proposed. Given the players in the marketplace you can rightly put trust in this team as they are on the ball. Error was admitted. Error will be corrected. Error will make them more diligent in future to avoid this very problem yet again come the next generation chip.

There are only a few players in the market place that produce a quality product and deliver on time. There are even fewer that admit their mistakes openly and immediately and then find the problem and offer up the solution to the customers. If you are still in the market for miners come 2015 Spondoolies Tech is still one the best to buy from even after this "failure".

Even with the calls for people NOT to pre-order the SP30 with the compensation for me is still the best buy I could have made in May for this type of machine power and hash rate wise although as said power and hash rate hit has definitely impacted the results making it less pretty than it was at 6 Th/s machine with lower power draw.

Will I pre-order in 2015 on their next chip? We will see what the market is like... with more and more hash power coming online in ever larger farms the market has changed significantly in the past 6 months. The next 6 will make mining unrecognizable to the small miner unless they start pooling resources. Also who will still be selling chips / miners to the public in 6 months will certainly be a concern if anyone is still buying miners in small batches at that point.

Whoa! I take a week or so off from Bitcointalk and come back to bad news about the SP30. 

On the positive side, it is great to see Spond handling themselves professionally, as usual. Thanks for keeping the communication open and honest.

Looking forward to hearing more about the compensation options.

Mining energy efficiency is obviously a big factor in profitability, especially for small miners without access to privileged energy pricing.

@spondoolies

How are you going to compensate customers for the 60% higher power consumption per GH of the sp30s?

back to price and gh...are we only going to be compensated at our orig $$$/gh or will there be additional for the increase in electricity use

me I'm at 0.15kwh so that is an extra 54 usd a month not counting taxes and fees....so say around $60 bucks a month more or less

that in that I'm in home mining  the extra 500 watts of heat and flow thru my 100 amp service an't helping much either (have 1250w titan on order as well)

just think it would be fair to compensate for ramping the elec use up to get same $$/gh is only fair..in that elec use to get to 4.5TH is at an

increase of 20% (2500 orig watts vs 3000 watts now)

then again the heat is my own problem I guess

In my ideal world however you would offer a full refund .in that the 5.4th was missed (with the advertising of 6th implied) and that the mining speed
is significantly down as well as the electric heat issues are up ...as mentioned above....but unlikely as that may come to pass ...would still be the
most fair option

anyway are you only going to compensate straight $$/gh or is the extra electricity use for a decreased 4.5TH also going to be in this compensation equation?

thanks for your clarity on all this so far

Searing

No I have no skin in this game.  My interest is I wanted to buy and use a cc or paypal and was told btc or bank transfer.  I now post mostly to thank Spondoolies for refusing my payment offers.

I have about 10 k in gear most purchased with cc or paypal. Antminer s-3s' were purchased direct from bitmaintech.

@ Bitfury debate

At the end of the day it doesn´t really matter who deploys the huge farms.

As long as there is money to be made, farms will come online. If the smaller miners can make money, the bigger mines can make even more.

At some point, difficulty growth will settle where income from mining equals the power costs of gear + a small "profit".


I purchased the sp30 in the hope of staying ahead of the game for some time, but the 60% higher than promised power draw really cuts deep into my profits.
I am interested to see how spondoolies will compensate this.

Hi,
If someone would like to sell its SP30 due to the latest news, I'm glad to buy it from you.
PM me please.

Nice to have competition and being aware of the T in the SWOT hope that will push you on to a more efficient and cheaper chip! 2015 will be a watershed especially if BTC price fails to migrate up.

The "challenge" you talk about: is this just due to BSIM4 models being much more complex than BSIM3 models?

Or is there another component or free variables that make their design methodology more challenging?

The way I understood them they did 55nm-drawn transistors using 65nm-nominal process (or similar step down).

Or maybe you are just talking that the analog design is more challenging than the digital design?

The Georgian DC is filled with hardware. They're working on the next one now.
Three generations of silicon are rev1, rev2 and LightFury, all 55nm custom made, UMC
Roadmap is nice, execution is lacking. Valery's full custom unique method is extremely challenging on the more advanced nodes. As I wrote, they're scrapped their 20nm effort after investing a lot of time on it.
They have enough money (endless...) to hired top notch designers though. 2015 will be interesting.

There is still time for them to make it right by their customers...dont give up hope just yet.  when its time to give up hope, then, we can put them in the category list of KNC type companies.

SP-tech "pooped in their pants" this time...

But they don't want to admit it...

Good luck and happy mining with SP30, guys...

I'm betting on SP30...

ZiG

We have an order for 1 SP30 that is to be shipped to us, and was wondering if it could be switched to hosted and setup before you actually ship it out as we were looking to get online with it sooner rather than later.

Please let me know, costs and if that is an option.

Also can an order be transferred from one customer to another person? and if so, would the compensation and everything else involved with the SP30 be simply setup under the new users account information?

Thanks!

hardhouseinc: You already have a buyer for this device. Your word must mean something surely if everyone elses means so much.

this seems fair. this is what CT should have done instead of nothing but a big FU

Not enough. You also missed the promised J/GH rating. That directly ties into how long these machines will be run. Lower J/GH means they must be turned off earlier. Please consider this failure in your compensation calculation.

Much of that 40% is Ghash/Cex private farm.

I am sure this will be taken care in a few days before shipping for my GB starts.