Topic: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs - page 652. (Read 1260389 times)

Guys, if you dont want to buy, nobody forces you.

This whole issue of power efficiency is a red herring, it is an end-of-life issue which is significant to profitability only when the cost of operating a piece of equipment approaches the value of the bitcoin it mines.

When difficulty is very high and bitcoin is cheap, miners have bigger problems than sucking the last 2 dollars a day profit from a large capital investment. Why don't you publish some numbers that will give your customers a reasonable expectation that they can recover the capital cost of an SP30 before you try selling this equipment on power efficiency ?

@raskul: don't bother trooper, you are on ignore till you start behaving L)L

How do you compare to something that's not available for 4 months?

Hashfast sierra looked like a bargain for 50Btc in sept of 2013 for delivery in November of 2013. Didn't turn out so well.

All educated guesswork I am sure, and I hope for your group buy's sake that it works out that way, but remember, no-ones predicted efficiency has so far been on the money. SP10 is still only 1W/GH or maybe just under at its rated 1.4TH which is the same as A1 in the shipping Dragonminers from China. Even BITMAIN have shown they can adapt their design to get down to very close to those numbers with the S2. KnC's old tech isn't far off 1W/GH either.

Now the SP30 being a die shrink should hopefully pay off, but they are bumping up the output big time which may affect things, who knows, I hope your thoughts and guesses pay off, I'd be hedging and planning for it to be slightly off target just in case.

The market has changed substantially between last year and now. Miners are no longer forced to pre-order and take huge risks in order to stay competitive because of companies like Bitmain that offer fairly priced, in stock hardware.

Heck, I would have ordered some May SP10 units because they should be delivered within two weeks if the price of BTC didn't tank 15% over the weekend due to FUD coming out of China.

Trying to convince people to pre-order and take large risks in order to stay competitive is disingenuous.

Yes actually. I pre-ordered from scamfast myself. Got royally screwed and have been very vocal about it. The time for pre-orders is past. That ship sailed.

People that order from bfl at this point...well there's really not much to say there. I believe therapy can offer real hope for masochists.

@raskul, you've been on ignore for some while. Yer just wasting time replying.

Where were you advising people to not buy pre-orders from other companies like BFL, HashFail etc? We had a full 12 months of pre-orders. Suddenly everyone jumps criticizing one more pre-order. I stated in the above replies you are comparing different companies with different background. Feel free to not order, but i got your message. No need to repeat it endlessly.

then please, take your concerns and leave the thread.
your 'gentle' persuasion is appreciated, but I am sure we are all mature enough to make our own minds up.

thank you.

Paying for August delivery in late April is NUTS. The number of variables to consider between then and now makes an informed decision impossible.

Want to buy my 2 Nov Jupiters?
What will you do with your farm after all SP30 units start hashing?
Having a crystal ball which tells us the exchange rate in a few months would help us all make the better decision. If you are afraid that BTC will increase 10x times or more then don't spend BTC and just spend fiat. If you don't have any fiat then just hold BTC. When making a decision you HAVE to take into consideration all things which include the rising of the exchange rate or the non-rising of the exchange rate. Be ready for both scenarios and don't blame anyone for not making the right decision or for spending all your money on a thing that didn't got you the maximum return. But if BTC goes to 1000$ then a SP30 would be only 10k$ so i'm satisfied with that. I paid 10k$ (without VAT) for a 3TH Neptune, getting 6.5TH for the same 10k$ is just fine for me so i won't complain.


SP-Tech will have chips in hand early July, i hope that we will get some kind of demo or some performance numbers long before they start shipping units.

I don't think SP30 will have no competition, but i do think that the SP30 will be among the first ones (if not the first one) with that efficiency. AM is still struggling with their gen3 chip and it seems to be on pair with SP10 chips, KnC's 20nm chip will be around SP10 efficiency level too so it will take some time to catch up for the rest of the companies. As for China clones and such they may sell 1TH for 500$, but if they suck at power efficiency it's no good. By the time the competition will catch up with SP30 i'm sure that SP-Tech will be one step ahead.

Sure I'll chip in. Do I get a share of the profits? NO YOU SAY?!?

Tried funding production after tape out at one pre-order company and got burned. I know it's an old story.

Firstly I don't agree that raskul and roadstress are shilling, I think they are pretty open about and enthusiastic about the products, maybe a bit spammy on some threads but nothing too OTT.

Secondly, its 3+ months till August.

Thirdly, with regards to Spondoolies hardware, I think its a mixed bag. Yes the chips are efficient, reasonably priced and with the SP10 pretty much readily available, and yes the group buy gets you the promise of a lot of TH for pretty much half of what it would cost you from anyone else or even from themselves on their web site..

But, and I won't go into it in detail here, their kit is heavily designed for the massive datacenter deployment which isn't to everyones tastes, and its still a risky pre-order no matter what assurances anyone gives you. They are verbal assurances and will be worth zero if it all goes to hell in a handbasket ala Hashfast, Bitmaine and Blackarrow with delays at best and cancellations at worst.

I truly hope it doesn't, and I sort of get how people are likening it to KnC a bit with a great initial launch of product, followed up with the promise of something awesome, I hope it works out for everyone, but I also reckon that you would have to be a bit naive to think that the SP30 will be out there on its own with no competition at the price point or even efficiency level. You think the Chinese are going to stop? You think that Innosilicon, the Avalon people, AM etc are just going to give up? I think theres even a reasonable probablility that KnC will have Neptune out there before then even though some may scoff.

I have no axe to grind, I'm hardware agnostic, I'm a bit like Roadstress in that I had good luck with purchase decisions for myself and my clients & friends, going from GPU's to USB miners to BFL Singles to KnC (twice), Bitmain S1's, Dragons and Bitmain S2, so haven't be burned, yet. I even have a 0 day low order number Neptune still, I'm holding on to it until KnC are late, and to me they won't be late till June. I still mine scrypt on GPU's, in fact they pay the electricity for themselves and on my ASICS.

I'm in a consolidation mode at the moment, I'm just about to dump this months mined coins into the cold wallet and then will look at where next to buy. It might be SP10's it might be something else, the one thing you can count on in this game is that there is always a deal to be had somewhere

I predict the next round of miners coming out of China will be significantly cheaper than the last round. I know that already the 820GH Avalon machine is down to 1900$ delivered, so am expecting the A1 boxes to drop accordingly and for newer 1.2/1.6/2 TH machines to be out sooner rather than later.

But again, good luck on the group buy, I wish I could be part of it, and if I suddenly get a windfall in the next two days I probably will

folks need to remember, what we have here is a very new company, with honourable intentions towards miners, attempting to help spread the network as widely as possible. It would be impossible to succeed in this if the funds were not available to progress in this endeavour. TSMC aren't going to just tape out a chip for a company without substantial payment in the first instance. A new company like this also has their own preorders to fulfil.

If you want the best, then i'm afraid, you have to pay for it, and wait for it, it's just how this world works.

My Jupiters are fine. It's my Neptune pre-orders that tanked, but at least KNC refunded the purchase which is more than I can say about the Spondoolies-Tech pre-order terms. If Spondoolies-Tech is so confident in their ability to deliver the SP30 on spec and on time, they should put their money where their mouth is and allow for refunds.

Don't worry about me, I'll be OK. All of my hardware has already earned more BTC than I spent on it (8TH and climbing of Ants, Jupiters, and Dragons because I'm a hardware whore). My farm will be much larger before a single SP30 ships.

Tech companies much larger than Spondoolies-Tech experience delays all the time (Intel, Apple, Nvidia, ...), so don't act like the SP30 is a risk free investment because it's not. For better or worse, it's obvious that you have hitched your wagon to Spondoolies-Tech so I hope that works out for you. Otherwise, you're going to be dealing with a lot of pissed off folks on this forum come August.

Also, acting like this is a once in a lifetime opportunity is absurd. If the SP30 is such a great product and is miles ahead of every other competitors product come August, which I think is very unlikely, it's not like Spondoolies-Tech will not offer more for sale. The real question is whether or not the potential return for the extra risk taken for a 3 month plus pre-order will be worthwhile. IMHO, with BTC at $440, the answer is an obvious no, but if others wish to take a 3 month plus risk with their BTC, go for it.

I'm having flashbacks to last year when BTC spiked from $100 to $1000 in a matter of weeks and people were complaining about their $50,000 plus BabyJets. If something similar happens again between now and August, a lot of folks are going to receive some very expensive SP30s.  

Will you fund the R&D and the chip mask of new companies?

Hi Raskul & s1gs3gv.
I hear you both.  I hardIy ever write on the forum, but am an avid reader of the content here. I felt I should say something regarding my recent experience with an attempted purchase & refund at the risk of receiving a tongue lashing from the members here ( 😱 ).

I see where you're both coming from.
Like others who've come to their senses a bit too late, I, too, have gotten tired of the "here's my money & send me my equipment when you're don't mining with it" purchase tactics.
Please understand that I'm not here to bash anyone, just sharing my 1st experience at a preorder of this magnitude, $10k +.

After waiting since the end of February/2014 for my Knc Neptune, 2nd batch 20nm miner to arrive (when they said it would be available 2nd quarter of 2014, I didn't know it meant the last day of June), I've cancelled my order this past Friday, receiving an email stating that my refund will unhappily be refunded. 
They made it known in the same email that it may will take longer then the usual 10 business day return time frame.
I'm guessing it'll be some time before August. They'll probably make sure I loose even more BitCoin mining revenue by not being able to partake in the purchase of one of Spondoolies purchases I planned on with the refund or other competitors products.
I'm done with buying products that cannot be delivered within a reasonable time frame, not 3-4 months after receiving my $$$.
Is 14 days or less too much to ask for if the vendor/manufacturer is requiring pre-orders or any type of a waiting period?

I have the funds.

I have done my research.

I rely on my instinct.

I choose Spondoolies.

I win.

There's absolutely no justification for pre-orders to exist at this stage in bitcoin mining's hardware evolution. Just say no. Force companies to build it before they sell it, the way it should be.

Bitcoinorama was right when he was cheerleading for Knc. He was only cheerleading for Jupiters and i tipped him 2 BTCs for his effort. I don't know what went wrong with your Jupiters, but for me the Jupiters were a fine product (the best at that time) even if i had a small problem with a blown up capacitor (was replaced in 3 working days by KnC). Since December/January KnC shifted from their customers to their own greed by building the massive DC even if they promised that they WON'T mine with more than 5% of what they sold. I don't think we saw Bitcoinorama support KnC since Nov/December last year.

As for being sure this time I shared my view here: https://bitcointalksearch.org/topic/m.6278746 and you don't have to take my word. Feel free to judge by their launched product, by their team and lastly by their VCs who funded them. THEY won't allow SP-Tech to screw things over like every other company. I don't think it's how VCs firm work or not these one at least. Judge by the known facts and ignore what I think. For example do you really believe that Adam back would join a lying, shady company who wants to screw their customers? I don't.
Don't compare the other companies who were run by either engineers(KnC) or by business-men scammers (BFL, HashFail, etc) and don't blame the fact that you always rushed to get miners with blind faith and without proper research on other companies. I am proud of my past choices until now regarding miners (burnin's Avalon boards, Jupiters and SP10) and i wasn't burned until now, except by Avalon delaying chips. It seems that I'm better than you at making choices regarding miners, but yet you are the one questioning me right now. In 2 and half months i will prove myself and to the rest of the forum that i was right one more time.

Edit: Almost 2 days left for my GB. Last chance for this price!

A scholar, gentleman and a man of refinement  … quod erat demonstratum