Topic: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs - page 692. (Read 1260290 times)

point in case: bitmain have shipped their new 1TH rig, and it’s a pile of shit, this community have had to develop stable firmware and reassemble around 70% of the boxes which were delivered. Also, I would be very cautious personally , if I were a bitmain customer - noises about 12th April and China’s intentions regarding bitcoin are a little frightening, what happens when the communist guard decide to kick in the doors of every bitcoin h/w provider and demand closure. It is a very volatile market; where Chinese manufacturers are bringing high income to the country, but at the same time devaluing the national currency.
Any government who are in fear of losing their national treasure, will stop at no end to ensure they stabilise their currency.

buy from bitmain? yes, but make sure you get your rig shipped before 12th April.

it is evident that we have all been stung by the pre-order market, but I see it petty and vindictive to take it out on a new company who are trying their best to simply spread the hashpower by offering the best in the market, to date.

The flames on this thread are irrational, but demands for customised payment terms are viable, for bulk orders.

to summise - people; you keep mentioning other hardware manufacturers and prodding sp with a pointy stick.
Please can you take those conversations to the relevant threads.

thanks.
 

I am not a fan of preorders, but i can never access your website to even be tempted to buy anything, so i would like to thank you for the inaccessibility of your website.

This is a bit stupid, I think every party understand each other but there is still market for preorders and spondoolies is using them, that does not mean that maybe in the future they will have stock in their warehouses and will sell stocked items or build on demand, but right now they have managed to sell their products until August.

Preselling SP30 is a risk for customers, but also Spondoolies has said several times that they will comply with the dates, I hope so, otherwise you will face class actions as other mining hardware companies are facing now.

SP surely understand the people that doesn't want to preorder but as long as they can sell all their preorders there is no reason for not doing so.

Look at cointerra... They have the muts nuts of engineers / crypto / etc and were still late and unable to meet their specs.

Quoted for posterity.

This is the only thing I need to know. You are in the same position as HashFast, BFL, KNC and CoinTerra were. Everything is roses right now, orders are being placed and paid by sheeple. Something is going to happen in the all-to-short timeline you've created and you are going to be delayed. All of your pre-order customers who expected 5Th unicorns in August will get them months later.

You may be the only exception that delivers on time, but you are still turning your customers into investors of something that today, does not exist.

LOL
Won't happen.

Edit: Seriously. We know what we're doing. We've implemented much more complex ASICs and systems.
Partial talent list: http://www.spondoolies-tech.com/pages/team

Thank you.

miners poem
5,4 TH August 2014 drama starting,
November production ending,
December shipment
and January delivery.

People will start eating their shorts again.

Better paying more and having the gear in hand.

RockerBox ASIC (our 2nd gen ASIC inside SP30) development wasn't funded from pre-orders.

Lets negotiate right here.. not behind the scenes..

Here is the deal..

10% now, 90% when ready to ship, or I take my business to bitmain... 

Please contacts us at [email protected], we'll be happy to provide bulk quantities payment terms


Come meet our team.


Please read the thread from the beginning. The current status of the project: final net list released. Taping out in the beginning of May. ASICs arrives in July.
We're the most transparent company in this business. Come for a visit and see for yourself.

Edit: Above 5.4 TH/s based on final net list simulations.

I am absolutely satisfied with my sp10!

Hi All,

PRE-ORDER model that funds development is just silly. Please don't waste your money. Maybe (with respect) it's a lack of experience or willing suspension of disbelief or simple naivite, but the mining community in particular seems to be susceptible to this kind of bad decision making. This is not a reflection on the 'good faith-ness' of the vendors, I'm sure their hearts are in the right place, it's just good business and common sense when you're dealing with a product in the development phase, especially in this case where timing is so critical. I think this is more fitting for a crowdfunding platform like Kickstarter where the delivery date is highly speculative.

Wishing much success to the mining community. Please be careful.

Cheers.

I don't see the problem with them stockpiling miners. As long as I get a break even in BTC I really don't care what happened to the miners before they were delivered.

All I am asking is how is Bitmain able to mass produce THOUSANDS of miners without pre-orders. This is a question you should be asking....


YES! You decided to get into the hardware manufacturing business. Why are you trying to offload your risks to your customers? Have you learned nothing from other companies.


I understand better than most. I own $1mm+ of bitcoin mining hardware.


I've visited HashFast's office, BFL's office, CoinTerra's office and many others. It didn't keep them from being late or complete non-delivery of products.

You are selling 5Th/s unicorn machines based off the fact you have a 1.4Th machines today.

Do you have a working chip for these new unicorn blood driven machines?

And happy about it

this is the business your in....  

Stop pre-ordering  sheeple.

10% down will give you the number you need to build.. simple as that!!!

"Build more machines" - takes 3 months.
Some of you keep referring to the same Chinese manufacturer who has huge warehouses of stockpiled miners mining. From time to time, a percentage of them are being sold.
They're not being produced on the spot.
Even 55nm ASIC takes ~50 days to produce.

With SP30, the amount of capital needed to do the same is massive. Do the math.

Yes, I like to see guys do NO Pre-Order on the SP30, listen to your buyers and members here, go the way Bitmain does it, sell what you have in stock, make more machines, use your money to pay for parts/labor/salaries/bonuses etc. etc. then make machines in stock again and sell more, repeat cycle period.

You are in the business of making hardware and selling them for profit and you are well aware of this market, Your team is very smart and know what they are doing, I am very confident that you are well aware of the the business risks, Why should we take the risk, there is always risk, use the funds you raised from your investors to build 1000,2000 or as many machines as you think you could sell then sell them with 1 week delivery then build more machines and sell more, cycle continues, like other members said here why Bitmain does it and you can't.

I ordered a Neptune from KNC late Dec and would never ever buy a Pre-Order, will be asking for my refund for the Neptune. I believe that your company has a great product but these Pre-Order stuff needs to stop and if more customers don't Pre-Order then you will be forced to use a different model..