[ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs - page 693.

BitchImightbe

member

Activity: 119

Merit: 10

10% downpayment and you would have me as a customer

Pre-order = HELL NO!

Guy Corem

donator

Activity: 1414

Merit: 1051

Spondoolies, Beam & DAGlabs

Quote from: jjiimm_64 on April 09, 2014, 10:00:15 AM

Did you guys consider that you probably would sell more hardware that is instock then a set of pre-orders would indicate?

You have a vast larger customer base to sell to, if you dont do pre-orders.. or as gigavps indicated... a 10% downpayment would be acceptable to me.. with a 90% payment when the hardware is READY TO SHIP.

Unfortunately, no magic wand to increase production capacity overnight. It takes 2-3 months of lead time, as explained.
We've took the risk for SP10 ahead of our launch. We can take limited quantities risk for SP30 as well.
Would it be better in your opinion to not allow pre-ordering of SP30 at all? Wait until August to sell them ?
We believe we have a compelling products and customers do want to get priority access.

As explained, different payment terms are possible for bulk quantities.

jjiimm_64

legendary

Activity: 1876

Merit: 1000

Quote from: Guy Corem on April 09, 2014, 09:55:13 AM

It's also a matter of quantities. 1,000 batch of SP30 is doable without any particular problem.
Do you expect us to take the risk, for say, 5,000 SP30 ?
Do you understand the amounts involved ?

For bulk quantities, we do allow different payment terms. Contact as at [email protected]

Unlike other companies or semi-companies, we don't hide. Visiting our offices and production facility can be very easily arranged.
We already had visitors from around the globe.

Did you guys consider that you probably would sell more hardware that is instock then a set of pre-orders would indicate?

You have a vast larger customer base to sell to, if you dont do pre-orders.. or as gigavps indicated... a 10% downpayment would be acceptable to me.. with a 90% payment when the hardware is READY TO SHIP.

Guy Corem

donator

Activity: 1414

Merit: 1051

Spondoolies, Beam & DAGlabs

It's also a matter of quantities. 1,000 batch of SP30 is doable without any particular problem.
Do you expect us to take the risk, for say, 5,000 SP30 ?
Do you understand the amounts involved ?

For bulk quantities, we do allow different payment terms. Contact as at [email protected]

Unlike other companies or semi-companies, we don't hide. Visiting our offices and production facility can be very easily arranged.
We already had visitors from around the globe.

jamesg

vip

Activity: 1358

Merit: 1000

AKA: gigavps

Quote from: Guy Corem on April 09, 2014, 09:19:50 AM

Taking pre-orders allow us to asses quantities and optimize supply chain.

Are you telling me that you are smart enough to assemble an amazing product but have to resort to full pre-payment orders to figure out what your market size is?

If you have investors, I'm sure you given them some indication of this. Do you have no other way of estimating what your order quantities are based off of the projected difficulty, price, etc, etc?

Or why not take 10%, fully refundable pre-orders instead of the same abusive 100% pre-orders? Taking 100% pre-orders is shifting all of your risks to your customers.

How is Bitmain able to sell equipment with 4 day delivery timelines? Maybe you should get on the phone and ask them how they decide what quantities of equipment to order...

You guys are doing so many things right..... it is hard to watch you take the same road as BFL, HashFast, CoinTerra, KNC.

phroyRov6

newbie

Activity: 44

Merit: 0

Quote from: Guy Corem on April 09, 2014, 09:19:50 AM

Quote from: jamesg on April 09, 2014, 09:13:45 AM

The ONLY reason I see to take pre-orders is because you don't have the funds to order parts in mass quantity.

If I am mistaken then I would like to hear the reasons to have pre-orders at all.

You're mistaken. Ramping up production takes 2-3 months of lead time.
We did that in advance, before starting to sell (only 3 weeks ago...) for May and June batches.
We're doing it today for August and September batches.
Taking pre-orders allow us to asses quantities and optimize supply chain.

Most startups take pre-order details without charging the customer's card. The card is charged when the product is about to ship.
Given the sleazy nature of miner manufacturers (except Bitmain) you've allowed yourself to take money in advance. This practice won't survive in the long term in the marketplace, but you may make tons of profit on it anyway.

Guy Corem

donator

Activity: 1414

Merit: 1051

Spondoolies, Beam & DAGlabs

Quote from: jamesg on April 09, 2014, 09:13:45 AM

The ONLY reason I see to take pre-orders is because you don't have the funds to order parts in mass quantity.

If I am mistaken then I would like to hear the reasons to have pre-orders at all.

You're mistaken. Ramping up production takes 2-3 months of lead time.
We did that in advance, before starting to sell (only 3 weeks ago...) for May and June batches.
We're doing it today for August and September batches.
Taking pre-orders allow us to asses quantities and optimize supply chain.

CryptKeeper

legendary

Activity: 2044

Merit: 1055

Quote from: jamesg on April 09, 2014, 09:13:45 AM

The ONLY reason I see to take pre-orders is because you don't have the funds to order parts in mass quantity.

If I am mistaken then I would like to hear the reasons to have pre-orders at all.

I assume they don't want us to buy from other manufacturers.

jamesg

vip

Activity: 1358

Merit: 1000

AKA: gigavps

The ONLY reason I see to take pre-orders is because you don't have the funds to order parts in mass quantity.

If I am mistaken then I would like to hear the reasons to have pre-orders at all.

jjiimm_64

legendary

Activity: 1876

Merit: 1000

Quote from: Guy Corem on April 09, 2014, 08:25:52 AM

We're ramping up production as fast as we can. We're offering only the number of systems we're absolutely sure we'll be able to deliver. April batch was medium side. May and August (SP30) are much larger.
Taking pre-orders allow the customer to secure place in the shipping queue while allow us to optimize the supply line for long lead time parts (e.g. transport mechanical parts via sea vs air).
Both sides wins. Indeed it's not as straightforward deal as ordering existing product for 2-3 weeks delivery, but the upside can be much higher.

Quote

existing product for 2-3 weeks delivery

just for the record... bitmain does 2-3 days!!! not 2-3 weeks.... if bitmain can have miners in stock ready to sell, so can any other company.

bitmain opened the S1 for sale again on monday.. free shipping.. UPS already has my miners showing being delivered Friday.. all the way from china... so, from ordering to mining in 4 days... This is the model that will prevail.

Stop pre-ordering people..

edit: I believe you have a good product.. and I am excited to purchase some.. when I know they will be delivered within a week!!

Guy Corem

donator

Activity: 1414

Merit: 1051

Spondoolies, Beam & DAGlabs

Quote from: Biffa on April 09, 2014, 08:16:04 AM

Quote from: Guy Corem on April 09, 2014, 07:39:54 AM

Quote from: mikep2012 on April 09, 2014, 07:28:38 AM

stocking meaning you keep them in boxes in a warehouse ready to be shipped asap, not mining with them Grin

Shouldn't we just shipped them the moment they're ready ?
This is exactly what we're doing...

You could use a system that fulfills both criteria.

Build your miners, and put them up for sale the moment they are ready. Then ship them as soon as they are sold.

You seem to make such small batches anyway that you should have no trouble selling them.

Win-win.

We're ramping up production as fast as we can. We're offering only the number of systems we're absolutely sure we'll be able to deliver. April batch was medium side. May and August (SP30) are much larger.
Taking pre-orders allow the customer to secure place in the shipping queue while allow us to optimize the supply line for long lead time parts (e.g. transport mechanical parts via sea vs air).
Both sides wins. Indeed it's not as straightforward deal as ordering existing product for 2-3 weeks delivery, but the upside can be much higher.

Biffa

legendary

Activity: 3234

Merit: 1220

Quote from: Guy Corem on April 09, 2014, 07:39:54 AM

Quote from: mikep2012 on April 09, 2014, 07:28:38 AM

stocking meaning you keep them in boxes in a warehouse ready to be shipped asap, not mining with them Grin

Shouldn't we just shipped them the moment they're ready ?
This is exactly what we're doing...

You could use a system that fulfills both criteria.

Build your miners, and put them up for sale the moment they are ready. Then ship them as soon as they are sold.

You seem to make such small batches anyway that you should have no trouble selling them.

Win-win.

Biffa

legendary

Activity: 3234

Merit: 1220

Quote from: ineedit on April 09, 2014, 07:04:10 AM

That answers one question but not the other, you must have seen it as you removed it when you quoted my original post

Why do you think 'build to order production line' is the best sales model?

Maybe because "its working for them so far" people seem to be buying, they seem to be working flat out to fulfill orders... Undecided

BTW I'm not advocating the model. But as someone else said, in August there will probably be other players selling from stock esp China. This would make sense looking at how fast they have caught up and the way the marketplace has changed to a year ago. I've also done my last preorder. Bitmain has changed the landscape forever and thats the model we want to promote.

I understand why not stocking is good from a business sense, the risk is all on the buyers not on the company, build to order is a good business model for the business, no stock means nothing sitting on the shelf eating away profits. It means nothing that has to be sold in "fire sale" ie at a loss, to clear old inventory.

zvisha

hero member

Activity: 560

Merit: 500

Regarding mining to charity wallet, for sake of preventing misunderstandings, at the moment ALL of our burn test is against production tools and not against a pool or charity wallet. The burn test is not long enough to produce BTC value that would justify the complexity of working with real pool.
The charity wallet is what comes by default on any image and if you do "factory reset" you will get it back, since it is hard coded in the RAM disk starting version 1.2.9 http://www.spondoolies-tech.com/blogs/technical-blog/13156021-version-1-2-9.
If we didn't have a wallet in default image at all, the system would go into endless cycle of watchdog reboots, so we put this one.

Regards`

Guy Corem

donator

Activity: 1414

Merit: 1051

Spondoolies, Beam & DAGlabs

Quote from: mikep2012 on April 09, 2014, 07:28:38 AM

stocking meaning you keep them in boxes in a warehouse ready to be shipped asap, not mining with them Grin

Shouldn't we just shipped them the moment they're ready ?
This is exactly what we're doing...

mikep2012

sr. member

Activity: 362

Merit: 250

Quote from: Guy Corem on April 09, 2014, 07:23:59 AM

Quote from: ineedit on April 09, 2014, 07:04:10 AM

Quote from: Guy Corem on April 09, 2014, 06:28:16 AM

Quote from: ineedit on April 09, 2014, 03:00:39 AM

...

Why do you think 'build to order production line' is the best sales model?
Why does your company not want to make and then sell, is it lack of funding?

Quote from: ineedit on April 09, 2014, 03:00:39 AM

Why does your company not want to make and then sell, is it lack of funding?

We're very well funded, by two of Israel top VCs:
http://www.genesispartners.com/content.asp?page=portfolio
http://www.brm.com/Investments.aspx?p=10

We're building as fast as we can, test and ship.
We don't stock and mine on our customers machines.

That answers one question but not the other, you must have seen it as you removed it when you quoted my original post

Why do you think 'build to order production line' is the best sales model?

I believe that I've answered both questions.
Stocking meaning mining on customers machines. We don't want to do that.

stocking meaning you keep them in boxes in a warehouse ready to be shipped asap, not mining with them Grin

yopix

brand new

Activity: 0

Merit: 0

Are the May delivered ASICs going to ROI at a cost of ~10 BTC? If so, by when? Thanks.

Guy Corem

donator

Activity: 1414

Merit: 1051

Spondoolies, Beam & DAGlabs

Quote from: ineedit on April 09, 2014, 07:04:10 AM

Quote from: Guy Corem on April 09, 2014, 06:28:16 AM

Quote from: ineedit on April 09, 2014, 03:00:39 AM

...

Why do you think 'build to order production line' is the best sales model?
Why does your company not want to make and then sell, is it lack of funding?

Quote from: ineedit on April 09, 2014, 03:00:39 AM

Why does your company not want to make and then sell, is it lack of funding?

We're very well funded, by two of Israel top VCs:
http://www.genesispartners.com/content.asp?page=portfolio
http://www.brm.com/Investments.aspx?p=10

We're building as fast as we can, test and ship.
We don't stock and mine on our customers machines.

That answers one question but not the other, you must have seen it as you removed it when you quoted my original post

Why do you think 'build to order production line' is the best sales model?

I believe that I've answered both questions.
Stocking meaning mining on customers machines. We don't want to do that.

ineedit

sr. member

Activity: 252

Merit: 250

Quote from: Guy Corem on April 09, 2014, 06:28:16 AM

Quote from: ineedit on April 09, 2014, 03:00:39 AM

...

Why do you think 'build to order production line' is the best sales model?
Why does your company not want to make and then sell, is it lack of funding?

Quote from: ineedit on April 09, 2014, 03:00:39 AM

Why does your company not want to make and then sell, is it lack of funding?

We're very well funded, by two of Israel top VCs:
http://www.genesispartners.com/content.asp?page=portfolio
http://www.brm.com/Investments.aspx?p=10

We're building as fast as we can, test and ship.
We don't stock and mine on our customers machines.

That answers one question but not the other, you must have seen it as you removed it when you quoted my original post

Why do you think 'build to order production line' is the best sales model?

Topic: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs - page 693. (Read 1260290 times)