Topic: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs - page 487. (Read 1260350 times)

OK I held my tongue here long enough.
Ive been at the front of the line promoting here and giving my praise for this company
but I just cant take it, this pre-order is the final straw for me when it comes to BTC.

Ive been quiet and said they will come through but this is a FAIL in my book.
No, they were adamant about these miners will reach 6.5 TH/s.
Look at your Group Buy.
[CLOSED] Spondoolies-Tech SP30 pre-order - Specs: 0.69$/GH + 0.46W/GH
To get that cost, the miner HAS to be at least 6.5TH/s, $4500 / 6500 = 0.69

SO, they say now its 4.5TH/s +/-
That means to me it could be a 4TH/s miner when I get it.

That is 2.5TH/s SHORT of what they promised over and over and Im not out of line
on those numbers when 10% possible minus on an already slow miner is a BIG MINUS.

Have you seen the BTC price lately?
By the time they ship the BTC price will probably be back to the same level as what I paid.
These pre-orders turning into interest free loans have rubbed me wrong for the last time.
Asking for my BTC back when their product is failing is not out of line at all either.

I don't see you jumping to buy my miner off me when you say IM CRAZY to ask for a refund.
That must mean you are crazy to pass up the chance to buy it from me and get these amazing
miner compensation plans they are going to hand out.
I also dont see you jumping to back up your money back guarantee you gave me when you said
YOU PROMISED me they would deliver.
You sure gave me a quick oh go to the member to member sale section fast, I guess you dont want to
back up with you promised.
If you are so quick to run away from my offer to take my miner, WHY WOULD I WANT TO KEEP IT?

I can tell you right now my patience has run out with this damn world wide BTC mining dabocle and Im done.
I dont want the headache of reselling it when its NOT to spec and no one wants to pay for it.
I dont want the headache of dealing with partial compensation, slow miner, broken promises, Its just tiring.

@BitcoinPappi

If you want my miner you can buy it and have SP-Tech transfer the order to you.

You clearly stated gen 3 chips, not miners using gen 3 chips. It's 200% of the simulated spec which is an increase of 100%.

I would agree with this. The product turned out to be substantially different than what was originally ordered; not only in hashrate but in power consumption. Nothing was ever stated about 220V being a requirement. Now it apparently is.

A full refund option should be made available as one of the compensation options ... the customer should decide whether to get a full refund or accept the changed product.

RoadStress,

I don't think you get my point and I think you are biased since you did the GB. The company promised a spec. And took millions of dollars based on that spec. Basically free financing by the customers and now the company wants to compensate for their shortcomings, this is not a good business ethics period, I think they should have full refund along with the compansation plan and let the customer choose the option.

I meant SP-Tech. But RoadStress if any group buy member wants a refund please PM me. I will take their place. Yes SP-TECH missed the specs and they have agreed to compensate and went ahead to meet the delivery schedule.

Compared to the new KNC. I will say no more

I was quoting the full system power draw, but you are right. It's not a 300% miss, it's just a 100% miss (or it's 200%?)

I might be interested too if there is a second person who wants out of the GB.

Not again the full BTC refund after BTC increased in value and with a no refund policy in place...

And it's not 2TH/s short. It's 0.9TH/s short. Most of the people bought a 5.4TH/s miner. The increase to 6TH/s was an added bonus afterwards.

You will get your paid SP30 don't worry and if you don't like it then eBay and Marketplace sub forum are your best friends.

Edit:
To remove any doubt when you say "Guy" you are referring to hardhouseinc, not to SP-Tech, right?

Why do you always tell a complete pack of lies about AM?


As you can clearly see AM didn't promise anything.


0.35 J/Gh * 300% = 1.05 J/Gh.
If you can't tell the truth or do basic maths, why should anyone trust you?

Guy,

Please PM me to take a spot in the earlier group buy for the customers that want a refund. I will buy the miner with the new discount to be offered.

Then offer to buy me out at the BTC price I paid for my miner.
I want out of this damn BTC mining game and this 2TH/s short speed is not going to work for me.

A partial refund today only gets me a small amount of my money back now as an interest free loan.
Being that short on hashing speed loses me mining income EVERY MONTH.
Honestly, I want a full refund, this Group Buy has turned into a huge headache for me.
I think I had a guarantee on this SP30 from you as well when I paid for my SP30.

My opinion of an option.....

1. Full refund
2. A second SP20 at a VERY LOW cost to make up for shortage of hash rate.

Our recommendation for the 110V users is to host. There are very good options available: https://bitcointalksearch.org/topic/hw-hosting-directory-reputation-622998

Well, I don't really have a problem with the low hashrate itself if we get a compensation for the lower hash rate. However, with the equal power consumption I assume the price is still ~$290 per month in the hosting datacenter, and that's looking like a bit less of a good deal now.. And I'm basically forced to host it still because of import VAT.

I have a question though, Spondoolies, but it's not urgent so feel free to ignore it if you are too busy. If we are interested in the gen3 chips this winter, can we get a compensation in the form of a future discount coupon? If so, can its value be higher than the pure $ compensation (as you'll earn back some of it anyway)?

If they would have been 2400W, then it wouldn't be a problem. But 3kW is. At least for some people.

You really really shouldnt run these on 110. Your giving up potentially 5-10% hashrate minimum, and not to mention 3-4% less overall efficiency on 110 vs 220.

I do have to say I am very pleased with how this was handled in a professional manner, + 1 to SPtech.

The electrical code in North America limits a continuous load on a 15A/120V circuit to 80%, or 12A. That's 1440W. Using 2 of these circuits gives you 2880W.

Can the SP30 be configured to run within this limitation? And, if so, how? And what will the resulting hashrate be? The original spec was 2400W; now it is 3kW ... very relevant to those with 15A/120V circuits.

We preferred to give lower estimation. There is still 10% diff that we still can't explain based on the slow ASICs results. We'll know when we get the fast batches.
Compensation will be discussed with the customers. As I wrote, the key factor will be $/GHs ratio.

Guy

I noticed you expect the "fixed" batch will still be 30% worse than expectations. Does that mean the fab is not entirely to blame?

Also will you be giving compensation for the extra power consumption as well as the lower hashrate?

^^^

Jimmothy, wait to October. Actually, in mid August we'll get two (slightly) better wafers.

Anyway, I must say that I admired your patience in the last week