[ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs - page 480.

CryptKeeper

legendary

Activity: 2044

Merit: 1055

Quote from: frisco on July 30, 2014, 03:08:42 PM

As requested some stats from the first hours of working of the SP30

The other machine is a SP10, I would say that my unit is happily hashing at 4.4Th no more and no less.

You're lucky, my stats are not as good:

Quote

3 hours 4,286.57 Gh/s 10778880

Hope that the 12-hour value will be better...

RoadStress

legendary

Activity: 1904

Merit: 1007

Quote from: Powell on July 30, 2014, 03:55:12 PM

Neptune = 3.4/3.5TH and 2K at the wall per Tolip_wen
SP30 (Not looking at a late October batch) = ~4.5TH and 3k at the wall.

2x Neptune = 7TH and 4k at the wall
2x SP30 = ~9TH and 6k at the wall.

Realistically for equal power to the wall you can run 10.5TH/s with Neptunes.

Right now the availability on both are close to the same (or you can buy someone elses pre-order).

Why not add the prices too? Neptune was sold for over 3$/Gh while the SP30 was sold for less than 1$/Gh. The B3 Neptune is still selling for 1.7$/Gh so I wouldn't call the availability close to the same.

With the money spent on a B1 Neptune I could buy 2.5 SP30s for a whooping 11.25Th/s. Ok even if I can't split the SP30 in 2 I would still get 9Th/s and still have some money left in my pocket than getting a 3.5Th/s burning monster.

Powell

sr. member

Activity: 486

Merit: 262

rm -rf stupidity

Neptune = 3.4/3.5TH and 2K at the wall per Tolip_wen
SP30 (Not looking at a late October batch) = ~4.5TH and 3k at the wall.

2x Neptune = 7TH and 4k at the wall
2x SP30 = ~9TH and 6k at the wall.

Realistically for equal power to the wall you can run 10.5TH/s with Neptunes.

Right now the availability on both are close to the same (or you can buy someone elses pre-order).

I just find it funny that Roadstress sold over so many people (but gained "nothing" from it). I know when the October batch of SP30s do it they will pick up the missing power, but since day one of your SP group buys you have trashed every single product.

RoadStress

legendary

Activity: 1904

Merit: 1007

Quote from: jimmothy on July 30, 2014, 03:44:26 PM

Sure bitfury has good tech but according to you it's "outdated" and failed 3 separate generations.

What's wrong with the statement. They can and do co-exist. Being good has nothing to do with the fact that the technology is outdated.

Quote

Pretending to know what is going on behind the scenes is bad. You are giving your customers nothing more than a false sense of security.

You make it sound like bitfury is the only company deploying hardware in mass. Are you forgetting AM, Cointerra, 21e6, peernova, bitmain, avalon, knc, and a few other megamines which all have yet to be deployed?

With ALL of those companies "deploying" hardware we only had an average of 5.5% increase in July. They either didn't deploy anything or they are just too weak to matter. (I am excluding bitmain because they DO matter)

jimmothy

hero member

Activity: 770

Merit: 509

Quote from: Guy Corem on July 30, 2014, 03:28:00 PM

From all the ASIC companies, BitFury is the company I have most respect to. Good tech, usually very smart moves.

Sure bitfury has good tech but according to you it's "outdated" and failed 3 separate generations.

Quote

Revealing some of the stuff going on behind the scene is bad ? I'm giving the customers more information, so they'll do an informed decision.

Pretending to know what is going on behind the scenes is bad. You are giving your customers nothing more than a false sense of security.

You make it sound like bitfury is the only company deploying hardware in mass. Are you forgetting AM, Cointerra, 21e6, peernova, bitmain, avalon, knc, and a few other megamines which all have yet to be deployed?

Guy Corem

donator

Activity: 1414

Merit: 1051

Spondoolies, Beam & DAGlabs

Quote from: montyfd on July 30, 2014, 03:16:43 PM

Quote from: Guy Corem on July 30, 2014, 02:49:36 PM

Quote from: Doff on July 30, 2014, 02:44:45 PM

Gees... This seems bad, however I have to wonder how long this can be sustained. There are so many what ifs I guess.

Quote from: Guy Corem on July 30, 2014, 02:35:26 PM

Quote from: Doff on July 30, 2014, 02:28:39 PM

I wonder how much they are deploying at a time.

BitFury rhythm is about 10-20MW every two months. The 25% three jumps ago was their 20MW Georgian DC.

Not so long. Their hardware is outdated. They wasted too much time playing with LightFury (scrypt 55nm ASIC).

List of recent failures:
- Still didn't TO their custom UMC 40nm effort (AFAIK, unconfirmed)
- Scrapped big 28nm ASIC on Thermals. They got burnt from big ASICs and keeping the small ASICs design approach.
- Scrapped 20nm custom ASIC effort. "Too complicated and takes too much time". Straight from the horse mouth.
- Starting again a fully custom 28nm ASIC

Loool, you just failed yourself in a big way and still have a big mouth pointing at other companies.
Better care for your own company.... Never seen a company talking so much bad about others as you do. Thats not the way to do business.

From all the ASIC companies, BitFury is the company I have most respect to. Good tech, usually very smart moves.
Self mining on a much larger scale than KNC, which I find very problematic.

BitFury is a good competition. They have 1.5 years head start on us, and daily revenues of $0.5M
We like the challenge.

Revealing some of the stuff going on behind the scene is bad ? I'm giving the customers more information, so they'll do an informed decision.

Indeed, we had a production issue. RockerBox will fulfill our expectations in October.

Going to sleep,
Guy

Mabsark

legendary

Activity: 826

Merit: 1004

Quote from: Guy Corem on July 30, 2014, 02:35:26 PM

Quote from: Doff on July 30, 2014, 02:28:39 PM

I wonder how much they are deploying at a time.

BitFury rhythm is about 10-20MW every two months. The 25% three jumps ago was their 20MW Georgian DC.

Do you know for a fact it was them or are you guessing? AM have also been deploying their own gen 3 mine and plan to recapture their average hash rate from 2013.

Quote from: friedcat on July 29, 2014, 01:22:55 AM

Update

1. Due to the relatively lower interest from individual miners as well as OEM producers, the self mining has re-started from middle of July. We had gain access of cheap electricity and high power capacity. We hope to regain the average hashrate percentage similar to 2013 with this generation of chips.

2. The price rockminer gets is not the sales price. It's the premium of franchising. We gain the part of profits after the devices begin to generate revenue like the franchising of devices. The sales price of chips stay a relatively high margin because our option of building our own devices and sell/deploy is always wide open.

3. We announce the sales of our own devices. We would arrange an offline meeting in Shenzhen first to share more information. We will post the English version of it on the meetup sub-board.

raskul

sr. member

Activity: 434

Merit: 250

Quote from: jimmothy on July 30, 2014, 02:29:38 PM

Quote

Things happen in life that no-one can control and your whining and moaning, looking for someone to blame... does not endear you to me.
shit happens, get over it.

Ignoring the fact that someone (spondoolies-tech) actually has full control over the situation and significant amounts of bitching and moaning can lead to more reasonable compensation.

I do hope compensation is not only for $/gh. At 0.15 $/kwh each machine will use an extra ~$1500 per year in electricity.

And is there actually a reason compensation is being delayed to october? If I remember correct SPtech had enough private funding for each batch.

Why will customer funds be held hostage?

Quote

today remains a good day.

Did something extraordinary happen to counteract all the bad news from spondoolies?

Having a life outside of internet forums often helps, you should try it sometime.

montyfd

member

Activity: 60

Merit: 10

Quote from: Guy Corem on July 30, 2014, 02:49:36 PM

Quote from: Doff on July 30, 2014, 02:44:45 PM

Gees... This seems bad, however I have to wonder how long this can be sustained. There are so many what ifs I guess.

Quote from: Guy Corem on July 30, 2014, 02:35:26 PM

Quote from: Doff on July 30, 2014, 02:28:39 PM

I wonder how much they are deploying at a time.

BitFury rhythm is about 10-20MW every two months. The 25% three jumps ago was their 20MW Georgian DC.

Not so long. Their hardware is outdated. They wasted too much time playing with LightFury (scrypt 55nm ASIC).

List of recent failures:
- Still didn't TO their custom UMC 40nm effort (AFAIK, unconfirmed)
- Scrapped big 28nm ASIC on Thermals. They got burnt from big ASICs and keeping the small ASICs design approach.
- Scrapped 20nm custom ASIC effort. "Too complicated and takes too much time". Straight from the horse mouth.
- Starting again a fully custom 28nm ASIC

Loool, you just failed yourself in a big way and still have a big mouth pointing at other companies.
Better care for your own company.... Never seen a company talking so much bad about others as you do. Thats not the way to do business.

RealMalatesta

legendary

Activity: 2380

Merit: 1150

Quote from: Guy Corem on July 30, 2014, 02:49:36 PM

Quote from: Doff on July 30, 2014, 02:44:45 PM

Gees... This seems bad, however I have to wonder how long this can be sustained. There are so many what ifs I guess.

Quote from: Guy Corem on July 30, 2014, 02:35:26 PM

Quote from: Doff on July 30, 2014, 02:28:39 PM

I wonder how much they are deploying at a time.

BitFury rhythm is about 10-20MW every two months. The 25% three jumps ago was their 20MW Georgian DC.

Not so long. Their hardware is outdated. They wasted too much time playing with LightFury (scrypt 55nm ASIC).

List of recent failures:
- Still didn't TO their custom UMC 40nm effort (AFAIK, unconfirmed)
- Scrapped big 28nm ASIC on Thermals. They got burnt from big ASICs and keeping the small ASICs design approach.
- Scrapped 20nm custom ASIC effort. "Too complicated and takes too much time". Straight from the horse mouth.
- Starting again a fully custom 28nm ASIC

Just by judging what HW is currently being sold (and bought!!) at crap-bay, I also think that a significant chunk of the current hashrate soon will just disappear because they realise that they only make a couple of bits with it... wonder if this will have any impact.

frisco

full member

Activity: 176

Merit: 100

As requested some stats from the first hours of working of the SP30

The other machine is a SP10, I would say that my unit is happily hashing at 4.4Th no more and no less.

RoadStress

legendary

Activity: 1904

Merit: 1007

Quote from: jimmothy on July 30, 2014, 02:29:38 PM

Did something extraordinary happen to counteract all the bad news from spondoolies?

Shipping started!

Guy Corem

donator

Activity: 1414

Merit: 1051

Spondoolies, Beam & DAGlabs

Quote from: frisco on July 30, 2014, 02:53:33 PM

Well then give us the real reason, it has been asked several times since yesterday and we haven't got any oficial reply.

Already stated in the original message. We're concentrating on building, testing and shipping now.
We're are a very small team, stressed to the maximum. Especially with the current situation in Israel.
I won't discuss the matter further for now. We'll compensate per our promise.

Guy

wpgdeez

hero member

Activity: 728

Merit: 500

Quote from: Guy Corem on July 30, 2014, 02:41:51 PM

Complete BS, both claims.

So what is the reason for the delay on compensation then? You can stop the speculation right here and now with an honest answer.

Collider

hero member

Activity: 714

Merit: 500

Bitfury´s internal cost for hardware deployment should be around 0.4$/GH.

Much of their deployed hardware is sold to big farms or deployed with some form of franchizing mechanism.

@Midyatspor

I highly doubt that any large amount of payments are due during their product launch and within their production period (that would be plain stupid and nobody would draft a contract like that).
Investors want the company to succeed, and not cripple them by making them pay while they still need funds to increase their cashflow.

midyatspor

member

Activity: 107

Merit: 10

Quote from: Collider on July 30, 2014, 02:43:21 PM

Quote from: midyatspor on July 30, 2014, 02:40:42 PM

Perhaps SP Tech doesn't have the funds to refund customers now. Also, the venture capitalist/private funding people will get paid first most likely, these people make perhaps 500% on their investment so I would also guess that SP Tech paid these people from the Pre-Sale Funds.

Hope I am wrong

Typically, angel investors get paid after a certain amount of time according to a % of EBIT or revenue.

This period is almost never below 4 years.

Additionally, Angel investors typically profit from an exit scenario according to a percentage of their original funding.

Bitcoin Mining Hardware Design Business is not Typical and I am sure you know that, 4 Years is very long time in this business, I am pretty confident that investors are getting paid but we will never know due NDA.

frisco

full member

Activity: 176

Merit: 100

Quote from: Guy Corem on July 30, 2014, 02:41:51 PM

Complete BS, both claims.

Well then give us the real reason, it has been asked several times since yesterday and we haven't got any oficial reply.
Compensation with hashrate obviusly can only start in late august or september depending on the leftover chips you got in those batches, but money refund can start right now, maybe august orders comes in better shape so it seems logic to delay a bit those, but at least for the units deployed/sent it makes perfect sense to start the refunds asap.

Guy Corem

donator

Activity: 1414

Merit: 1051

Spondoolies, Beam & DAGlabs

Quote from: Doff on July 30, 2014, 02:44:45 PM

Gees... This seems bad, however I have to wonder how long this can be sustained. There are so many what ifs I guess.

Quote from: Guy Corem on July 30, 2014, 02:35:26 PM

Quote from: Doff on July 30, 2014, 02:28:39 PM

I wonder how much they are deploying at a time.

BitFury rhythm is about 10-20MW every two months. The 25% three jumps ago was their 20MW Georgian DC.

Not so long. Their hardware is outdated. They wasted too much time playing with LightFury (scrypt 55nm ASIC).

List of recent failures:
- Still didn't TO their custom UMC 40nm effort (AFAIK, unconfirmed)
- Scrapped big 28nm ASIC on Thermals. They got burnt from big ASICs and keeping the small ASICs design approach.
- Scrapped 20nm custom ASIC effort. "Too complicated and takes too much time". Straight from the horse mouth.
- Starting again a fully custom 28nm ASIC

Doff

sr. member

Activity: 327

Merit: 250

Gees... This seems bad, however I have to wonder how long this can be sustained. There are so many what ifs I guess.

Quote from: Guy Corem on July 30, 2014, 02:35:26 PM

Quote from: Doff on July 30, 2014, 02:28:39 PM

I wonder how much they are deploying at a time.

BitFury rhythm is about 10-20MW every two months. The 25% three jumps ago was their 20MW Georgian DC.

Collider

hero member

Activity: 714

Merit: 500

Quote from: midyatspor on July 30, 2014, 02:40:42 PM

Perhaps SP Tech doesn't have the funds to refund customers now. Also, the venture capitalist/private funding people will get paid first most likely, these people make perhaps 500% on their investment so I would also guess that SP Tech paid these people from the Pre-Sale Funds.

Hope I am wrong

Typically, angel investors get paid after a certain amount of time according to a % of EBIT or revenue.

This period is almost never below 4 years.

Additionally, Angel investors typically profit from an exit scenario according to a percentage of their original funding.

They usually have no option to retrieve their funds before the agreed date but sometimes reserve the right to additional investments.

Topic: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs - page 480. (Read 1260350 times)