Topic: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs - page 58. (Read 1260421 times)

A: A company that wants their target (in this case: bulk) consumers to think twice before investing in the competition, while they roll out production.  The same style PR that BitFury used here, with slightly more substance and considerably less bullshit.

Hi there,

I didn't know you cared for mining. Nice to see.

I think producers are forcing customers to realize that ROI in less than a year is not realistic any more. But with cheap electricity these new machines should be profitable for far longer than previous generations of asics. The nm race is grinding to a halt, and even if there is a breakthrough in that field it will take 2-4 years for it to make it to production.

On 28nm!

i agree with you....but question...what knc product are you talking about? or you are a insider trying to light some fires 

Quite the opposite - the press release is geared up for mass consumption, they are trying to gauge the level of interest by the broader market for the machine. You bet they've been talking numbers with the largest operators for a while now.

Q: Now, what kind of company announces an amazing product but does not suggest a price for it?

A: A company who is uncertain of demand and price points

IMHO, Spondoolies has a small number of working prototypes of the SP50 and is trying to figure out how to gear up for production. They may have just barely enough demand from their hosting/merger partners to get production off the ground, and are naturally looking for ways to milk the wider market beyond at the highest price it can bear (with optimists leading the way of course).

This is marginally better than KnC, who's been stuffing every ASIC at hand in their Swedish facility guarded by buxom blondes with machine guns

Technically, I trust Spondoolies to deliver. I have looked at the guts and firmware of all their machines extensively. As an EECS myself, I think their implementation is indeed best in class (better than Bitmain and KNC). One suggestion - do not affix the heatsinks with an epoxy bead (a la SP20).

Economically, I would not pay much more than 1.0-1.2 BTC per TH for ANY new miner. At present BTC rates, this puts the economically feasible price for the SP50 around $25,000 per unit.

Pay more than that, and you are unlikely to see any ROI - which is kinda the point of the whole thing if you are a professional operator with access to low cost electricity.
 
Everything comes down to price, price, price...

@Biodome

yeah those are some great numbers to be honest you brought me back to reality.  Lets be real here , with the block halving less than a year away at current prices BTC is really cheap if you really look at it at $230 usd.

There is no doubt there will be a nice run up into the halving similar to what happened to LTC and it could start early next year a month or two before the halving potential gains could be really nice vs being tied to a huge piece of hardware that cost you $44k  

I think im setting up a weekly auto buy of around $500 usd on BTC at these current prices and I will let it ride rather than buy into this new hardware dream.  

Don't get me wrong if the sp50 comes in at a $20-30k price point for a huge group buy this equation changes drastically and hardware would be the way to go.

i really hope they will make a smaller product for us, the homeminers. anyway i'm glad they are'nt out of the game...amaizing beast

"Spondoolies is shifting away from mass consumer sales to align itself with BTCS, offering the first batch of the SP50 servers to only a handful of select customers."

"BTCS and Spondoolies plan to host the SP50 in BTCS' North Carolina facility, as well as at other low cost facilities."

let the war prices begin now again!!!!!!

The SP35's PSUs are listed as 1kg maximum = 22lbs of PSUS.

I looked at the numbers...if it is 44k for miner, you could do much better by simply buying $1260/wk  worth of BTC between now and July.
$1260 is the amount of income that SP50 produces in a week right now considering 8.5c electricity.
By July 2016 you would have spent $44K and have all of that bitcoin vs being ~minus 8K at current BTC prices and have no bitcoin (with ~200-205 total bitcoin produced, then sold). If bitcoin abruptly goes to $600 on April 30 without much change beforehand (just as an example) and stay there afterwards, you would be able to accumulate about 191 BTC (~165 before april 30 and ~26 until July 30) vs IN THE BEST case producing almost the same amount of btc and using at least 50% (if not 100%) to pay for miner and electricity. therefore, slowly buying BTC (if you think that it will increase in april-may) is a better strategy.

Check my numbers and prove that i am wrong, but sometimes the best strategy is not to play.

Well from the scope of things I seen about BTCS look here at YouTube. https://www.youtube.com/watch?v=AWGXSgkIXOc

That does not look like a home breaker...  Looks like all we can do now is buy BTCS stock anyone know a good broker?

Technically you could power the chip from a PSU and still use USB to control it.  Think of like a U3 or something where gets it's power externally not from usb but is still controlled by usb.  But I doubt they are interested in selling chips at first.

I think they will be using all of them with this monster of a machine.  But I could be wrong.

I anticipate a BIG boost in bitcoin price by the halving.  We can expect the climb to begin by March/April 2016.  Buy BTC cheap now while you still can.  

Here's a great thread to follow regarding bitcoin price and speculation:  https://bitcointalk.org/index.php?topic=274613.3820;topicseen

140gh, 0.16J/GH, 24w, per chip, so it won't work as USB powered.

The ROI math using assumed pricing for these beasts doesn't even make them seem that profitable for large-scale mining.  I don't think any of the current gen hardware will ROI before the halving less than a year away.

It's an impressive machine, but coming on the heels of the S5+ and S7 I don't like the trend of "bigger bigger bigger" in both physical footprint and electricity demand.

I wonder where we'll be a year from now, 12.5 btc block rewards and 100 billion network diff...

almost...spt just announced, the machine is not available yet AFAIK.

High density PSUs are usually in the 2lbs (1.1kg) per kW.
So you can expect 40-45lbs of PSUs alone. But they are probably easy to remove if you want something lighter to lift.

The rubicon has been crossed.

RIP profitable hobbyist mining on 120V circuits.