[ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs - page 68.

TheRealSteve

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Activity: 686

Merit: 500

FUN > ROI

Quote from: p3yot33at3r on August 26, 2015, 07:02:13 AM

Can you provide proof/links that verify this statement?

See the financial statements section of their SEC filing (also referenced in the article); http://www.sec.gov/Archives/edgar/data/1436229/000149315215003734/form10-q.htm#a_002

p3yot33at3r

sr. member

Activity: 266

Merit: 250

Quote from: dogie on August 26, 2015, 05:09:43 AM

To 140k revenue in 3 months, while also losing 1.3 million in 3 months. They've lost 14 million since starting, never ever made a profit.

Can you provide proof/links that verify this statement?

dogie

legendary

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dogiecoin.com

Quote from: Finksy on August 25, 2015, 10:52:46 PM

Edit: They have ramped up mining power by over 350% between Q1 and Q2, so clearly things are happening.

To 140k revenue in 3 months, while also losing 1.3 million in 3 months. They've lost 14 million since starting, never ever made a profit.

Finksy

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Merit: 1003

http://biz.yahoo.com/e/150814/btcs10-q.html

I'm sure SP know what they are doing, but I would be very interested in what that 2.3M bought them in April other than shares.

Edit: They have ramped up mining power by over 350% between Q1 and Q2, so clearly things are happening.

dogie

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Merit: 1185

dogiecoin.com

Quote from: TheRealSteve on August 25, 2015, 08:40:25 AM

Positive spin version:

Quote from: http://www.coindesk.com/btcs-4-5-million-net-loss-mining-grows/

"We had 2,000% revenue growth. We went from $45,000 in revenue to $145,000 in revenue [quarter over quarter]. We're seeing tremendous growth on the transaction verification services side."
[...]
Allen cited the fact that BTCS is now spending $109 on average to mine 1 BTC

Negative spin version:

Quote from: http://www.coindesk.com/btcs-4-5-million-net-loss-mining-grows/

[BTCS] reported a net loss of $4.59m for the first half of 2015 in its 10-Q filing with the SEC. The loss represented an increase over the roughly $4m loss incurred over the same period in 2014.
[...]
BTCS indicated that it "expects to incur losses into the foreseeable future".

Or their negative 1.5M balance sheet. Time to call the lawyers.

TheRealSteve

hero member

Activity: 686

Merit: 500

FUN > ROI

Positive spin version:

Quote from: http://www.coindesk.com/btcs-4-5-million-net-loss-mining-grows/

"We had 2,000% revenue growth. We went from $45,000 in revenue to $145,000 in revenue [quarter over quarter]. We're seeing tremendous growth on the transaction verification services side."
[...]
Allen cited the fact that BTCS is now spending $109 on average to mine 1 BTC

Negative spin version:

Quote from: http://www.coindesk.com/btcs-4-5-million-net-loss-mining-grows/

[BTCS] reported a net loss of $4.59m for the first half of 2015 in its 10-Q filing with the SEC. The loss represented an increase over the roughly $4m loss incurred over the same period in 2014.
[...]
BTCS indicated that it "expects to incur losses into the foreseeable future".

mavericklm

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Activity: 742

Merit: 500

[H:HW:4000Gh (300),DC-W:1726,L:0,A:30,MMtmp:0 TMP:(23/23)=>=>=>(74/74 , 73/73)]
Pushed 32 jobs , in HW queue 4 jobs (sw:3, hw:3)!
min:21 wins:4128[this/last min:20/47] bist-fail:235, hw-err:10
leading-zeroes:42 idle promils[s/m]:0/0, rate:3285gh/s asic-count:2280 (wins:12+8)
wall watts:2304
Fan:60, conseq:200

ukzerosniper

newbie

Activity: 43

Merit: 0

Hi Guys,

I have an SP30 which CGMiner keeps dying on.

Has anyone had any experience of this before?

The miner is on Firmware 2.6.14.

wh00per

hero member

Activity: 572

Merit: 500

Quote from: bomberb17 on July 29, 2015, 05:10:13 AM

Here's my SP30

Code:

[H:HW:3151Gh (1500),DC-W:1249,L:0,A:29,MMtmp:0 TMP:(39/39)=>=>=>(61/61 , 65/65)]
Pushed 32 jobs , in HW queue 4 jobs (sw:0, hw:0)!
min:12 wins:5228[this/last min:4/48] bist-fail:80, hw-err:21
leading-zeroes:42 idle promils[s/m]:0/0, rate:3355gh/s asic-count:3596 (wins:1+3)
wall watts:1632
Fan:80, conseq:200

here's mine

Code:

[H:HW:4301Gh,W:1973,L:0,A:30,MMtmp:0 TMP:(31)=>=>=>(78,75)]
Pushed 27 jobs , in HW queue 4 jobs (sw:3, hw:3)!
min:25 wins:166906[this/last min:78/243] bist-fail:439, hw-err:682
leading-zeroes:40 idle promils[s/m]:0/0, rate:4246gh/s asic-count:21300 (wins:43+35)
Fan:80, conseq:200

kae1078

member

Activity: 78

Merit: 10

Kupla Kudos Coming Ur Way!

Hi,

I have SP31 and it doesn't show any IP address and I think the controller board died.
Down side is "NO MORE WARRANTY", is there someone here that can help me or sell me a working control board.

Thanks & Best Regards,

Biodom

legendary

Activity: 3990

Merit: 4597

Quote from: joyteq on August 17, 2015, 03:23:45 PM

Quote from: TheRealSteve on August 17, 2015, 08:34:12 AM

Quote from: http://burl.co/56ACBD1

BTCS Gains Traction in its Transaction Verification Business
[...]
The Company’s pending merger with Spondoolies-Tech is expected to further accelerate growth of BTCS’ transaction verification services. The addition of Spondoolies’ third-generation Application Specific Integrated Circuit (“ASIC”) servers, which are anticipated to provide a 3x-5x efficiency improvement, should significantly increase the Company’s hashing power and improve operating margins. The implementation of third-generation servers at the Company’s North Carolina facility is expected to yield a hash rate of between 13,000 and 29,000 Th/s (trillion calculations per second). BTCS averaged a hash rate of 891 TH/s during the first half of 2015.
[...]

Interesting that in that press release, unless I'm just not seeing it, the words "Bitcoin" and "Mining" don't appear anywhere in it. Instead they use "Transaction Verification Services" and "Hashing" as the only words that describe what they are doing.

the company that is ashamed to mention the word bitcoin (that's what they are verifying) is bound to not have any success in this endeavor.
they also assume that there will be transactions to verify.
the whole thing is in state of implosion, it seems...sometimes even before that there will be not that many transactions as people might soon stop doing much of transactions on the bitcoin blockchain.

dogie

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Activity: 1666

Merit: 1185

dogiecoin.com

Quote from: TheRealSteve on August 17, 2015, 03:42:36 PM

Quote from: joyteq on August 17, 2015, 03:23:45 PM

Interesting that in that press release, unless I'm just not seeing it, the words "Bitcoin" and "Mining" don't appear anywhere in it. Instead they use "Transaction Verification Services" and "Hashing" as the only words that describe what they are doing.

Yeah, I think there's either a press blurb or an interview somewhere that explains the reasoning for it, would have been around may/june, shortly after they put out their bit about hooking up with Spondoolies-Tech; https://bitcointalksearch.org/topic/m.11412144

iirc, came down to them feeling it more accurately describes what they're doing, although I'd imagine somebody with a 'marcom' itch had something to do with it as well

I wonder if they take visitors.. I should be in that area in ~2 months

Most of the big companies switched to that last year, 21 inc, Bitfury etc will all say transaction verification. It helps investors understand why we're burning millions of KWh's and why they should give us money to continue doing so.

TheRealSteve

hero member

Activity: 686

Merit: 500

FUN > ROI

Quote from: joyteq on August 17, 2015, 03:23:45 PM

Interesting that in that press release, unless I'm just not seeing it, the words "Bitcoin" and "Mining" don't appear anywhere in it. Instead they use "Transaction Verification Services" and "Hashing" as the only words that describe what they are doing.

Yeah, I think there's either a press blurb or an interview somewhere that explains the reasoning for it, would have been around may/june, shortly after they put out their bit about hooking up with Spondoolies-Tech; https://bitcointalksearch.org/topic/m.11412144

iirc, came down to them feeling it more accurately describes what they're doing, although I'd imagine somebody with a 'marcom' itch had something to do with it as well

I wonder if they take visitors.. I should be in that area in ~2 months

joyteq

newbie

Activity: 37

Merit: 0

Quote from: TheRealSteve on August 17, 2015, 08:34:12 AM

Quote from: http://burl.co/56ACBD1

BTCS Gains Traction in its Transaction Verification Business
[...]
The Company’s pending merger with Spondoolies-Tech is expected to further accelerate growth of BTCS’ transaction verification services. The addition of Spondoolies’ third-generation Application Specific Integrated Circuit (“ASIC”) servers, which are anticipated to provide a 3x-5x efficiency improvement, should significantly increase the Company’s hashing power and improve operating margins. The implementation of third-generation servers at the Company’s North Carolina facility is expected to yield a hash rate of between 13,000 and 29,000 Th/s (trillion calculations per second). BTCS averaged a hash rate of 891 TH/s during the first half of 2015.
[...]

Interesting that in that press release, unless I'm just not seeing it, the words "Bitcoin" and "Mining" don't appear anywhere in it. Instead they use "Transaction Verification Services" and "Hashing" as the only words that describe what they are doing.

TheRealSteve

hero member

Activity: 686

Merit: 500

FUN > ROI

Quote from: http://burl.co/56ACBD1

BTCS Gains Traction in its Transaction Verification Business
[...]
The Company’s pending merger with Spondoolies-Tech is expected to further accelerate growth of BTCS’ transaction verification services. The addition of Spondoolies’ third-generation Application Specific Integrated Circuit (“ASIC”) servers, which are anticipated to provide a 3x-5x efficiency improvement, should significantly increase the Company’s hashing power and improve operating margins. The implementation of third-generation servers at the Company’s North Carolina facility is expected to yield a hash rate of between 13,000 and 29,000 Th/s (trillion calculations per second). BTCS averaged a hash rate of 891 TH/s during the first half of 2015.
[...]

ashfaq

full member

Activity: 154

Merit: 100

Quote from: wanna4fun on August 15, 2015, 05:50:24 AM

1 year anniversary for my SP10 & SP30 !

OH well that is nice to hear dude ,i guess u should make a new thread for the people who are interested in mining and are not sure which way to go ,you can point out the pros and cons straight away and also give some information about ROI's etc. that would really help the new ones. Wink

wanna4fun

member

Activity: 119

Merit: 100

noobie

1 year anniversary for my SP10 & SP30 !

HerbPean

legendary

Activity: 1638

Merit: 1005

Quote from: HerbPean on July 29, 2015, 09:24:16 AM

Quote from: Tupsu on July 29, 2015, 06:38:18 AM

Quote from: HerbPean on July 26, 2015, 04:59:23 PM

Hey guys,

Anyone tried to use an SP20 blade on a SP20E controller ?

I'm having a full Test Serial Problem on all ASIC.

Anyone know if there could be a compatibility problem ?

Thanks

Does the controller version

Board label ELA - 1002 A02 ?

Gonna have to double check but i think it's A00 (At job atm)

yep this is it => Board label ELA - 1002 A02

HerbPean

legendary

Activity: 1638

Merit: 1005

Quote from: Tupsu on July 29, 2015, 06:38:18 AM

Quote from: HerbPean on July 26, 2015, 04:59:23 PM

Hey guys,

Anyone tried to use an SP20 blade on a SP20E controller ?

I'm having a full Test Serial Problem on all ASIC.

Anyone know if there could be a compatibility problem ?

Thanks

Does the controller version

Board label ELA - 1002 A02 ?

Gonna have to double check but i think it's A00 (At job atm)

Tupsu

legendary

Activity: 1218

Merit: 1003

Quote from: HerbPean on July 26, 2015, 04:59:23 PM

Hey guys,

Anyone tried to use an SP20 blade on a SP20E controller ?

I'm having a full Test Serial Problem on all ASIC.

Anyone know if there could be a compatibility problem ?

Thanks

Does the controller version

Board label ELA - 1002 A02 ?

Topic: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs - page 68. (Read 1260395 times)