Topic: [CLOSED]***Spondoolies Tech SP10 - 1.4-1.45Th/s - $2,795 + shipping*** - page 26. (Read 32349 times)

We'll start hosting around the 16 or a bit before, first come first serve, per our daily production and the queue.
Tomorrow is weekend in Israel, you'll get first emails on Sunday. Our sales admin was under the weather today.

1. I don't have anything official, but my assumption is between 15 and 17
2. You should receive an e-mail by tomorrow max. If you don't, then either contact me or directly SP-Tech.

If i didn't think BTC would ever go over $715 i wouldn't be investing in ANY miners.

Many thanks for explanation.

AFTER 188 days this miner will earn 0.0077 BTC(that's dust) for 14 days and then it goes down again. If I spend 3500 in cash on a product I want to get that back. If I spend 8.5BTC I want 8.5BTC back. I'm not mixing $ and BTC. If you do that you have to hope that BTC will double in price and thats just to brake even.
BTC difficulty will not decrease. I can see decrease happening only if BTC gets banned.

Sorry for off topic.  

So back on subject:

1. hosted SP10 will go online on 16 may?
2. When do we start to pay. Bank transfer take 2-3 days to show up...

Thank you.


If BTC tanks to 300$ I will still earn and I will still be able to spend money monthly with my SP10, while you holding just 8.5 BTC are stuck with them until the exchange rate climbs back up OR you will change the BTC at a loss. That's my logic.

I fail to see your logic, both of you spend the same amount in the beginning. Either fiat or btc, it was all the same.
If btc tanks to 300$ i don't know who would feel better someone with a big balance and nothing else, or someone with lower balance and a pretty gear worth nothing.
The only way the gear owner won't suffer is if he has a crystal ball and his crystal ball says his gear will be in bitcoin museum in 2050 and worth 100 bar of pure gold.

Yes you mine the same amount of BTC but at 800$ this miner would cost 4 BTC and we can all agree that would be profitable. Although I doubt the price would be this low in that hypothetical situation. Again a solution would be for the company to mine a few weeks and then they could sell for lower prices so it's profitable for the buyer too. Kinda like Bitmain did.(with S1).

Anyways good luck with the sale and sorry for offtopics although I feel than profitability should be addressed. I am confident that at some point I will own a Spondoolies miner.

You didn't understand my logic. I prefer to get a miner because I will always have a way of producing BTC and also it gives me diversity in options. By buying BTC you are limiting your options by a lot imo. Having a machine that produces BTC gives me the option to sell at any exchange rate (for example I can exchange my mined BTC at $400, $350, $300 etc and also at $500, $600, $700 etc), by buying and holding you are only limited to exchange only when the value goes up and even if you do you may exchange today at $1000 and in one week when the exchange is $1100 you won't have what to exchange. No matter the exchange rate after a while you will feel sorry that you turned your BTC to fiat because you could get a better rate. Also if BTC goes back to $100 or difficulty goes to the sky with a low exchange rate then I will just turn my miner off and turn it back on when it's profitable (exchange rate goes up or diff goes down). If you are holding to your 8.5 BTC and the exchange goes to $300 who do you think will suffer more? Me with the miner or you with the 8.5 BTC?


I see a contradiction in your statement. You will mine the same amount of BTC at $800 btc price or even less than what you are mining at this btc price because there will be more people who will start mining which equals to a higher rise in difficulty. Look what happened last autumn when BTC skyrocketed from $120 to $1200. Difficulty also skyrocketed (remember double the difficulty in just one month?) and we will have that kind of exponential rise if BTC price goes to the moon (and it will someday) and by the time everyone starts buying miners my farm will be much bigger and I will have more BTC mined than the ones who joined later.

Nobody is so good at exchanging their BTC at the right moment and while looking behind seems easy, doing it live much more rough. Mining for me is like a brake for greed and it keeps me from doing stupid and big mistakes.

How much you want for that kidney?  You could sell both if you are willing to stay on the machine indefinitely.  Would you consider a trade for a old Neptune order (group 2)?

Just added another SP10 for my order...

Reason for my purchase is purely thinking about summer and heat issues... Frankly I believe SP10 will handle the hot weather better...

Bring the price down to $2,700 I will order 4 more instantly :-) and possibly more if I can sell my kidney.

IMO all who throw as much btc for a miner and didn't calculated to return back the btc was.....

I think the most simple calculation (at least for me) if I spend btc to buy a miner in fiat I'll check with 55-60% increase per month in difficulty. If I see return and some profit on a miner I'll buy, if not, I'll wait.

Currently I'm in waiting status.... Only a better btc/usd could change this.

Edit: The famous sentence what I read on the forum and I think it's a good one: "You mine btc not fiat."

Edit2: At 800$ btc price this one would be the best deal. (Or S2)

If you tell me how this miner will mine 8.5BTC I will buy one.
188 days with 14% increments will make 4BTC after that it will make 0.0077 a day.

This was addressed too in my first GB. Feel free to buy and hold BTC if that works out for you. For me and for others holding to BTC might seem a bit hard and everyone is tempted to either try day trading or can't stand the fact that the exchange isn't moving or if it's moving down and they might sell at a loss. There is always the problem of when will you exchange your BTCs. Maybe the exchange goes to $1k and you are happy with your profit and then in 2 months it goes to $5k. You will not be so happy then if you exchanged your BTCs for a profit at $1k. Or the exchange might be at 450$ for 6 months and you just have money stuck, while miners have money moving.

Also don't forget that the SP10 is profitable even at 45 bil difficulty. Last year everyone was throwing money when the exchange rate was high without any planning in case something goes wrong. Now it seems that everyone is taking EXTRA measures when it comes small amounts of BTC. Nobody was thinking of any BTC return when they spent 55 BTC for a BabyJet or when they spend millions buying from CoinTerra or the other manufacturers.

It was a mistake to not create a self-moderated topic, but I thought we passed this kind of discussions and i hoped that only questions and issues regarding this GB will be here.

I see that you are happily buying other miners, but somehow you have a problem with this GB:



I will definitely be more careful next time, but please keep your opinions to yourself and don't by a hypocrite here. I don't want to argue about this so let's call it even.

Edit: And no I will never donate to lazy thermos who can't have a proper forum software.

I can't find a single one miner which will return investment
I'm not talking about profit just would like to earn back BTC I have spend on mining equipment.

Guys, we should all hold off our hardware buying so the asic manufacturers can go into distress and start knocking off prices.  At the current price, we are buying hardwares to support them.  You are not buying to make a profit. If that is your goal then go ahead.

You are right. Also it's not manufacturers fault. The BTC price is just too low. To be profitable this machine should be way cheaper and I understand the manufactures don't want to lower the prices to that level.

So besides selling overpriced gear the only solution I see for manufacturers is to mine for themselves until their products BTC price will be lower.

If Spondoolies can deliver 500 units from 16 May I'm curious what will they do with the unsold units as they said they aren't going to mine with them. Leave 300-400 units on shelves not mining while you also have hosting space/equipment?

I bought 4 SP10's couple days before this GB started
I still may join this GB for a couple more before it ends

I have a suggestion for donations. But of course, I am biased. (see sig for a clue; go feed some children.)