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Topic: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs - page 52. (Read 1260395 times)

legendary
Activity: 1666
Merit: 1185
dogiecoin.com
Read btcs news from sept 28. They had to lease their own (SPT) equipment. I am not sure about the rationale for it.
eventually, they will probably have to either borrow money or do a preorder to start producing these units in bulk.
Called it 7 months ago when they demanded they get a "does not use preorders" rating.

- We don't rely on pre-order for our next gen. I can't even begin to count the number of times I've said it. It's not our main business model. I even took the time to explain to you our business model for our next gen. Yet, you keep claiming that "you continue to do as your main business model". This is simply a lie and you know it.

Can you afford generation 3 without selling preorders, raising millions of $ or using 'investment' orders? Its a simple yes or no.

If you're asking if we can afford our entire gen3 planned capacity without injecting more funds via additional investment or pre-selling mining capacity to accredited investors, the answer is no.
The same goes for every other company in the space.

For the last time, since you seems to have difficulties in understanding: we'll not sell our gen3 products to consumers without proving the technology first. Afterwards, we might, but then it won't be pre-ordering. It might be selling by batches.

So tldr your current business model / situation can not support generation 3 without preordering (/ preordering under another name) or some miracle investment. Under no circumstances could those statements EVER qualify you for running a business model that can get by selling purely out of hand.
legendary
Activity: 2128
Merit: 1005
ASIC Wannabe
The SP50 would need to price in the range of 120-150BTC to compete

Surely you mean 80-90?  Cheesy

No way. Bitmain is selling 0.25w/gh at about 1.4btc/th.

This is 0.15w/gh and includes power supplies, but also a 'bulk priced' device, so i would expect 1.2-1.6btc/th.

That said, I'm not buying any hardware until my bitcoins are worth at least $300 again. Otherwise you will never earn back the btc you spend (like buying hardware with $100 bitcoins in mid-2013)
legendary
Activity: 1428
Merit: 1000
https://www.bitworks.io
still no word on the prices?

nope not yet. All silent on the front

Looks to me like Bitmain reduced to some extent the top possible price, since they lowered the price of Batch 2 & 3 of the S7. Spondoolies would seem to have less room to maneuver now in terms of price (IMHO).  

this. The SP50 would need to price in the range of 120-150BTC to compete

30K max realistically, but 25K is optimal.

If you haven't noticed, BITMAIN adjusted its pricing for batch 3 S7's in relation to the time before block halving more than the difficulty.  Batch 3 S7's are at $1,658 instead of $1,823.  Each month that passes by before the block halving apparently is affecting the price of their rigs with the price of bitcoin virtually unchanged.

So, if Spondooliestech does not want to miss the boat for selling the SP50 with optimal returns, they might want to have them up for sell relatively soon.

It will be interesting to see how the block halving affects the pricing of rigs [If at all] as it approaches.

Read btcs news from sept 28. They had to lease their own (SPT) equipment. I am not sure about the rationale for it.
eventually, they will probably have to either borrow money or do a preorder to start producing these units in bulk.

All money has a cost, I suspect they have favorable terms so it provided a good opportunity for funding, no more and no less confusing than other funding options, if the terms are good it's a good move..
legendary
Activity: 1302
Merit: 1318
Technical Analyst/Trader
Read btcs news from sept 28. They had to lease their own (SPT) equipment. I am not sure about the rationale for it.
eventually, they will probably have to either borrow money or do a preorder to start producing these units in bulk.

This will be quite interesting indeed.  I'm not sure how this will work out for SPT by not revealing a price chart with varying prices based on quantity ordered.  Doing it the way they are doing it puts them in a negotiation mode with each potential buyer.  It would be considerate if they would at least tell us how many SP50's would have to be ordered to be considered a "bulk" order.

It may very well come to pass that they sell very few [If any at all] with the block halving approaching.  Potential buyers will be asked to commit to a large deposit [At a minimum] up front without knowing a ship date that's written in stone.  Anyone who orders these rigs in bulk [Paying a lot of money up front] should at least have it written in a contract for the price they negotiate to be reduced a certain percentage for each day past the projected ship date to compensate loss of revenue towards ROI before the block halving.  However, there could be a gain in revenue because no one really knows what the price of bitcoin will be by the time the blocks halve.
legendary
Activity: 1666
Merit: 1185
dogiecoin.com
still no word on the prices?

nope not yet. All silent on the front

so my friend has to sign a NDA before they reveal the prices and MOQ. wow.  Grin

That's a pretty useless. If you tell 100 customers the price and MOQ under NDA, you can't even begin to prove which one leaked it, or if staff leaked it, or an email leaked etc etc.
legendary
Activity: 1274
Merit: 1000

If you haven't noticed, BITMAIN adjusted its pricing for batch 3 S7's in relation to the time before block halving more than the difficulty.  Batch 3 S7's are at $1,658 instead of $1,823.  Each month that passes by before the block halving apparently is affecting the price of their rigs with the price of bitcoin virtually unchanged.

So, if Spondooliestech does not want to miss the boat for selling the SP50 with optimal returns, they might want to have them up for sell relatively soon.

It will be interesting to see how the block halving affects the pricing of rigs [If at all] as it approaches.

Read btcs news from sept 28. They had to lease their own (SPT) equipment. I am not sure about the rationale for it.
eventually, they will probably have to either borrow money or do a preorder to start producing these units in bulk.

I don't think they plan to produce them in "bulk".  They are only selling to specific customers, I'm guessing they may build to order based on the demand from the customers they plan to sell to.  Or at least it will be a limited build quantity based on their projected sales.  I don't think they plan to have a large stock of these units sitting around for the reasons surrounding the upcoming halving.
legendary
Activity: 3990
Merit: 4597
still no word on the prices?

nope not yet. All silent on the front

Looks to me like Bitmain reduced to some extent the top possible price, since they lowered the price of Batch 2 & 3 of the S7. Spondoolies would seem to have less room to maneuver now in terms of price (IMHO).  

this. The SP50 would need to price in the range of 120-150BTC to compete

30K max realistically, but 25K is optimal.

If you haven't noticed, BITMAIN adjusted its pricing for batch 3 S7's in relation to the time before block halving more than the difficulty.  Batch 3 S7's are at $1,658 instead of $1,823.  Each month that passes by before the block halving apparently is affecting the price of their rigs with the price of bitcoin virtually unchanged.

So, if Spondooliestech does not want to miss the boat for selling the SP50 with optimal returns, they might want to have them up for sell relatively soon.

It will be interesting to see how the block halving affects the pricing of rigs [If at all] as it approaches.

Read btcs news from sept 28. They had to lease their own (SPT) equipment. I am not sure about the rationale for it.
eventually, they will probably have to either borrow money or do a preorder to start producing these units in bulk.
legendary
Activity: 1302
Merit: 1318
Technical Analyst/Trader
still no word on the prices?

nope not yet. All silent on the front

Looks to me like Bitmain reduced to some extent the top possible price, since they lowered the price of Batch 2 & 3 of the S7. Spondoolies would seem to have less room to maneuver now in terms of price (IMHO).  

this. The SP50 would need to price in the range of 120-150BTC to compete

30K max realistically, but 25K is optimal.

If you haven't noticed, BITMAIN adjusted its pricing for batch 3 S7's in relation to the time before block halving more than the difficulty.  Batch 3 S7's are at $1,658 instead of $1,823.  Each month that passes by before the block halving apparently is affecting the price of their rigs with the price of bitcoin virtually unchanged.

So, if Spondooliestech does not want to miss the boat for selling the SP50 with optimal returns, they might want to have them up for sell relatively soon.

It will be interesting to see how the block halving affects the pricing of rigs [If at all] as it approaches.
legendary
Activity: 3990
Merit: 4597
still no word on the prices?

nope not yet. All silent on the front

Looks to me like Bitmain reduced to some extent the top possible price, since they lowered the price of Batch 2 & 3 of the S7. Spondoolies would seem to have less room to maneuver now in terms of price (IMHO).  

this. The SP50 would need to price in the range of 120-150BTC to compete

30K max realistically, but 25K is optimal.
legendary
Activity: 2128
Merit: 1002
still no word on the prices?

nope not yet. All silent on the front

so my friend has to sign a NDA before they reveal the prices and MOQ. wow.  Grin
sr. member
Activity: 266
Merit: 250
The SP50 would need to price in the range of 120-150BTC to compete

Surely you mean 80-90?  Cheesy
legendary
Activity: 2128
Merit: 1005
ASIC Wannabe
still no word on the prices?

nope not yet. All silent on the front

Looks to me like Bitmain reduced to some extent the top possible price, since they lowered the price of Batch 2 & 3 of the S7. Spondoolies would seem to have less room to maneuver now in terms of price (IMHO).  

this. The SP50 would need to price in the range of 120-150BTC to compete
sr. member
Activity: 266
Merit: 250
still no word on the prices?

nope not yet. All silent on the front

Looks to me like Bitmain reduced to some extent the top possible price, since they lowered the price of Batch 2 & 3 of the S7. Spondoolies would seem to have less room to maneuver now in terms of price (IMHO).  

Yeah, but the S7 is still too expensive for a used & dusty miner.
alh
legendary
Activity: 1846
Merit: 1052
still no word on the prices?

nope not yet. All silent on the front

Looks to me like Bitmain reduced to some extent the top possible price, since they lowered the price of Batch 2 & 3 of the S7. Spondoolies would seem to have less room to maneuver now in terms of price (IMHO).  
legendary
Activity: 1708
Merit: 1080
still no word on the prices?

nope not yet. All silent on the front
hero member
Activity: 994
Merit: 504
still no word on the prices?
legendary
Activity: 2182
Merit: 1401
is the price revealed ?? 100 btc is correct ?

More like 200 btc
legendary
Activity: 1218
Merit: 1001
Has anyone asked yet why the pics show 9 psu, but the specs say 10?

There are definitely 10. One is slightly obscured in the picture but its there.

I see it now.  The cord holders were blocking it.
legendary
Activity: 1666
Merit: 1185
dogiecoin.com
No it isn't, just speculation entirely made up.

Fixed
hero member
Activity: 537
Merit: 524
No it isn't, just speculation.
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