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Topic: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs - page 669. (Read 1260395 times)

legendary
Activity: 2968
Merit: 1198
If they would offer a refund policy and in July BTC goes to 100$ then everyone will refund and if the money are spent on components they won't be able to refund everyone. Every company is saying that they don't guarantee customers ROI.

The refund policy to which I refer is only if they don't deliver on spec and on schedule. People would not have the option of a refund just because bitcoin price goes down.

Everything you said about shady and unreliable vendors in the bitcoin mining space is likely true, but that doesn't change the fact that repeatedly making promises without putting anything of substance behind them is cheap talk, and is very different from making a binding and substantial commitment to the customer.



hero member
Activity: 729
Merit: 500
August is a long ways off, are we likely to see any sort of performance increases or optimizations beyond the expected 5.4th on the SP30?  Is that just a low ball estimate of power and it'll end up being faster, or is that a best case scenario?  With the orbital death-ray of KNC and BFL shipping before August arrives we're likely to see the difficulty rate jump up significantly before you ship.  We know BFL has more than 20,000 Monarchs to ship out and however much that purchased hosting contracts.  Also Black Arrow ships in two weeks, and Asicminer has boards in hands testing right now.  So the difficulty is about to explode.  Trying to view this from that angle and think about what 5.4th will really return by August.  Are you able to ship sooner than August if everything goes well?  Any sort of other perk to this process that makes investing the money to buy something so late worthwhile at this point?
donator
Activity: 1414
Merit: 1051
Spondoolies, Beam & DAGlabs
Can you tell us how many SP30 units were sold up to today? At least KNC told us how many units they were selling on their website.
I resent the comparison. Anyway, we won't reveal actual numbers, but you can do the math from previous replies:

- Sold out July batch (small, since ASICs only arrive in the beginning of July)
- Our production capability for the first month (take time to ramp-up) will be 20-40 machines a day
- We won't sell more machines than we can produce
legendary
Activity: 1904
Merit: 1007
I'm tired of it. Go read previous replies. We'll deliver SP30 on spec and on time.

Back that up with a refund or compensation policy. It costs you nothing if you ship on spec and on time.

Talk is cheap.
Already discussed as well.

As long as the cheap talk is repeated what's the harm repeating the (accurate) warning as well?

If you want to turn this into a pure marketing/cheerleading thread where only one side is being heard, you can do that. Moderator powers, after all.

Everyone that had a refund policy found a way to bend it. For example Bitmine.ch managed to find a way to push it 10 days later. HashFail was bragging so much about the BTC refunds and we all know how that ended up. Why not do things a bit different one time? Just think for a second, if they wanted to just gather a lot of money they could post some kind of honeypot refund policy, but it's not the case because they don't need it. Also customers should always take into consideration the risks before ordering. If they would offer a refund policy and in July BTC goes to 100$ then everyone will refund and if the money are spent on components they won't be able to refund everyone. Every company is saying that they don't guarantee customers ROI.
legendary
Activity: 4354
Merit: 9201
'The right to privacy matters'
The 5k isn't so far from 6333$. Simple math.

With logic like this you can see why we have conflicting views on the subject of difficulty increases.

Psst what about the price of BTC?

If we are going to speculate on hashrate why not BTC price?

If you think the price is going to rise, buy BTC.  Further, in the US, you avoid double taxation.

Buying coins under USA tax rules is passive income ie investment like a stock.  Mining under us tax rules is active income ie  a small business  schedule c.


I do not want passive investment income I want small business schedule c income.

Right now buying gear to  achieve schedule c income  means buying antminer s-1's   no one does what they do. Sell working gear and get to you in under 1 week.

It kills me to see sp10's demo'ed and I can't buy one quickly. Very frustrated about this.  It kills me to see a company that could make serious money with the sp10 and

 they choose to not do it.  

Build them sell them ship them.   Figure the correct price point and do it. hint 3200 to 3800 is the right price point if it ships  NOW.

I understand they have a different business model then I do.

 But if they offered a good deal on an sp10 I am in for the group buy.
legendary
Activity: 2968
Merit: 1198
I'm tired of it. Go read previous replies. We'll deliver SP30 on spec and on time.

Back that up with a refund or compensation policy. It costs you nothing if you ship on spec and on time.

Talk is cheap.
Already discussed as well.

As long as the cheap talk is repeated what's the harm repeating the (accurate) warning as well?

If you want to turn this into a pure marketing/cheerleading thread where only one side is being heard, you can do that. Moderator powers, after all.




 
member
Activity: 107
Merit: 10
I'm tired of it. Go read previous replies. We'll deliver SP30 on spec and on time.

Back that up with a refund or compensation policy. It costs you nothing if you ship on spec and on time.

Talk is cheap.


Already discussed as well.

Can you tell us how many SP30 units were sold up to today? At least KNC told us how many units they were selling on their website.
donator
Activity: 1414
Merit: 1051
Spondoolies, Beam & DAGlabs
I'm tired of it. Go read previous replies. We'll deliver SP30 on spec and on time.

Back that up with a refund or compensation policy. It costs you nothing if you ship on spec and on time.

Talk is cheap.


Already discussed as well.
legendary
Activity: 2968
Merit: 1198
I'm tired of it. Go read previous replies. We'll deliver SP30 on spec and on time.

Back that up with a refund or compensation policy. It costs you nothing if you ship on spec and on time.

Talk is cheap.

newbie
Activity: 36
Merit: 0
I'm tired of it. Go read previous replies. We'll deliver SP30 on spec and on time.


oh ohhh, his vejay-jay-jay is getting sandy................
legendary
Activity: 1316
Merit: 1014
ex uno plures
Folks, as I'm sure Spondoolies-Tech knows, in business it is a lot easier to lower your price than raise it. I have no doubt prices will come down once the low fruit is in the basket. Of course, as we all know, the difficulty increases as time goes by so ...

Who needs legalized internet gambling when you have crypto-coin mining ? Texas Hold-em anybody ?

L)L
donator
Activity: 1414
Merit: 1051
Spondoolies, Beam & DAGlabs
I'm tired of it. Go read previous replies. We'll deliver SP30 on spec and on time.
hero member
Activity: 742
Merit: 500
The other thing to keep in mind is that companies rarely knock it out of the park twice in a row, so you have to strike while the iron is hot. I'm sure Spondoolies-Tech intends for the SP30 to be a great product, but shit happens and delays kill great products all the time in the mining industry.

Knc knocked it out of the park with the Jupiter, but the Neptune has been a disaster.

In my opinion, Spondoolies should make and sell as many SP10 miners as they can while they have the best product on the market, because competitors can and will catch up quickly...
hero member
Activity: 742
Merit: 500
Agreed. I would definitely buy a few SP10 units if they shipped immediately and were priced under 6BTC ($3000).

I don't see any profit margin for miners who pay 8 BTC for each SP10 ($4000) and won't receive them for a least two difficulty increases when the next batch ships in May.

I like the Bitmain model of having reasonably priced, in stock products that ship immediately much better than the pre-order model.

I agree with other posters that Spondoolies-Tech has a winning product in the SP10, so make them as fast as you can and sell them at a reasonable price...
legendary
Activity: 4354
Merit: 9201
'The right to privacy matters'

make the price $4995 and limit the purchase per buyer to perhaps max 5.

that's comparable to group buy of 50 units in what way?

 Cheesy

Put the 2 Unit SP10 Bundle for Sale for $4000 for the 1st 100 Customers and limited to 1 Bundle per Customer, you will see how fast they sell.

why don't they just give 'em all away for free? only then will you be content.  Roll Eyes


I am looking at it from a business point of view, supply and demand, the fact that they did not sell out of SP10 machines should tell you something, I feel the prices for SP10's 2 Unit Bundle is still high, that's all, it's all business, how could they do this Group buy from 12K to 5K on August SP30 machines, perhaps they know that the Group Buy will not be successful since more than 250 machine has to be sold.

it's true. bullshit baffles brains.

too bad as they truly have the best piece of gear on the market and can be selling it right now. for the 3200-3800 price range right now.
Buy the 2 X SP10 Bundle (8K$), apply the 10% coupon and you get to 3,600$

I think he meant $3200-$3800 with shipping Now, not in May, this is where I have an issue, I think you should listen to few people here that suggested to ramp up production on SP10 to 1000's of units, stock them and blow them off like Bitmain does, make your 10% and move on, mass production.
  This is exactly what I mean.

it is really simple business.  all 1th units pretty much suck.  basically they have crap psu's>

this company makes a superior product a 1.4th machine  it uses less power per watt and truly works well.

so at some price 3200 plus shipping to 3800 plus shipping they turn a profit.  So just do it.

No person in their right mind should buy a sp30 for August delivery.  Not when the sp10's could be sold  NOW or close enough to now at a good price.

  Look here is my background accounting degree. worked for the irs .  and back in the day I was in the US Navy as a computer tech.

This company is misguided  on the business side not the tech side and doing us  no favors pushing the sp30 for August.

Not when they have proven they build the highest quality 1.4th machine right now.

 Very frustrating to read about a piece of gear that works great is better then any another

item available  and they do not want to sell it. 

they could sell 1000's of  1.4 th machines yet they want you to buy a 5.4 th machine  for august.
member
Activity: 107
Merit: 10

make the price $4995 and limit the purchase per buyer to perhaps max 5.

that's comparable to group buy of 50 units in what way?

 Cheesy

Put the 2 Unit SP10 Bundle for Sale for $4000 for the 1st 100 Customers and limited to 1 Bundle per Customer, you will see how fast they sell.

why don't they just give 'em all away for free? only then will you be content.  Roll Eyes


I am looking at it from a business point of view, supply and demand, the fact that they did not sell out of SP10 machines should tell you something, I feel the prices for SP10's 2 Unit Bundle is still high, that's all, it's all business, how could they do this Group buy from 12K to 5K on August SP30 machines, perhaps they know that the Group Buy will not be successful since more than 250 machine has to be sold.

it's true. bullshit baffles brains.

too bad as they truly have the best piece of gear on the market and can be selling it right now. for the 3200-3800 price range right now.
Buy the 2 X SP10 Bundle (8K$), apply the 10% coupon and you get to 3,600$

Right Now you could buy Antminer S1 for about $420 per unit with Free Shipping, overclock it to 200GH, buy 7 of them for $2940 which would equal to one of your SP10, you could hash in about 3-4 days from the time you order, When I said you should sell the 2 unit sp10 for about $4000, I was discounting the 3-4 difficulty increases, like I said it's all about business sense, the additional power should be minimal.

legendary
Activity: 1666
Merit: 1000
The never ending debate as a manufacturer - volume or price.  It is hard (almost impossible) to have both in a "normal" marketplace...

Lay that on top of a incredibly dynamic market and I do not envy Gadi and the marketing side of this ASIC mining business.
 
legendary
Activity: 1904
Merit: 1007

[insert troll image]

What would you call your above post if not trolling?
member
Activity: 107
Merit: 10

make the price $4995 and limit the purchase per buyer to perhaps max 5.

that's comparable to group buy of 50 units in what way?

 Cheesy

Put the 2 Unit SP10 Bundle for Sale for $4000 for the 1st 100 Customers and limited to 1 Bundle per Customer, you will see how fast they sell.

why don't they just give 'em all away for free? only then will you be content.  Roll Eyes


I am looking at it from a business point of view, supply and demand, the fact that they did not sell out of SP10 machines should tell you something, I feel the prices for SP10's 2 Unit Bundle is still high, that's all, it's all business, how could they do this Group buy from 12K to 5K on August SP30 machines, perhaps they know that the Group Buy will not be successful since more than 250 machine has to be sold.

it's true. bullshit baffles brains.

too bad as they truly have the best piece of gear on the market and can be selling it right now. for the 3200-3800 price range right now.
Buy the 2 X SP10 Bundle (8K$), apply the 10% coupon and you get to 3,600$

I think he meant $3200-$3800 with shipping Now, not in May, this is where I have an issue, I think you should listen to few people here that suggested to ramp up production on SP10 to 1000's of units, stock them and blow them off like Bitmain does, make your 10% and move on, mass production.
legendary
Activity: 1666
Merit: 1000
The 5k isn't so far from 6333$. Simple math.

With logic like this you can see why we have conflicting views on the subject of difficulty increases.

It's definitely a lot closer than to the difference from 12k to 5k as midyatspor suggested. Troll much?

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