So, who is 'Another User', who seems to be so heavily vested in this new information - of which he is the only source?
I don't care who he is but he makes valid points. Customers just got screwed by the big guy once again. 
Topic: Spondoolies = the next KnCMiner & Bitfury [WATCH OUT] Screwing SP30 Pre-Orders - page 2. (Read 2100 times)
June 11, 2014, 10:53:38 AM
June 11, 2014, 10:52:53 AM
All is Kosher. The miners will be placed and will mine per the promised hashed-rate after each successful round.
I guess Spondoolies wasn't considering pre-order buyers when they said "all." Clearly this is kosher with them
@dogie: Look here: https://bitcointalksearch.org/topic/havelockcbcm-sha-256-mine-ipo-cancelled-647360 It's their front for an "IPO"
June 11, 2014, 10:50:37 AM
So, who is 'Another User', who seems to be so heavily vested in this new information - of which he is the only source?
June 11, 2014, 10:37:39 AM
This whole IPO will have zero impact on our bottom line.
This is true, it's only going to affect everyone else who bought and pre-ordered from them.
June 11, 2014, 10:32:01 AM
Ooooh.... exciting! I'm pulling up a seat. Beer and nachos, check. Let the games begin!
June 11, 2014, 10:27:02 AM
The strategic partnership with Spondoolies-Tech and WPT Limited means CBCM will have access to future chip developments at the most competitive rates on the market.
They've offered long-term discounts to folks who paid AFTER you. Are you folks really falling for this again? The shamelessness of Spondoolies...
June 11, 2014, 10:01:50 AM
Nice to know where all the SP10s went.
CBCM are legit. Assuming their first round will be a success, we'll cover it with 35 SP10s we removed from our stock.
We also helped them secured additional hosted hash power in case their subsequent rounds will be successful, from a trusted partner and customer we're working with.
Guy
This is not endorsement to buy CBCM, but I look at PBMINING cost. The electricity alone for 5 years cost a lot more than the contract cost per $/GHs
Either it is a pyramid or they expect to replace with new hardware at an unrealistic rate. Do the math.
Guy
Either it is a pyramid or they expect to replace with new hardware at an unrealistic rate. Do the math.
Guy
I know and familiar with all the placement details.
Assuming each round will succeed, there will be a quick placement. Initial placement will be with 35 SP10s we agreed to host.
We've due diligence all the parties involved, and I'm 100% confident.
Moreover, hefty collateral has been taken.
This should not read as an endorsement to participate in the IPO, but to assure the prospect investors that Taras and the offer is genuine.
Guy
Assuming each round will succeed, there will be a quick placement. Initial placement will be with 35 SP10s we agreed to host.
We've due diligence all the parties involved, and I'm 100% confident.
Moreover, hefty collateral has been taken.
This should not read as an endorsement to participate in the IPO, but to assure the prospect investors that Taras and the offer is genuine.
Guy
...
We've due diligence all the parties involved, and I'm 100% confident.
Moreover, hefty collateral has been taken.
...
We've due diligence all the parties involved, and I'm 100% confident.
Moreover, hefty collateral has been taken.
...
My understanding is Havelock sends you the take from this IPO, so your risks are negligible to nonexistent. Why the "hefty collateral"?
And what are you 100% confident in? The delivery of the units or the operation of the company?
It's three ways deal between cbcm, the hosting facility and Spondoolies-Tech. All is Kosher.
The miners will be placed and will mine per the promised hashed-rate after each successful round.
Again - this is not an endorsement to participate in the IPO.
A long extended (essentially interest-free) loan for Spondoolies.
As explained, our entire "share" of this IPO is 35 SP10s for round one.
Edit: We also helped them secured additional hosted hash power in case their subsequent rounds will be successful, from a trusted partner and customer we're working with.
We're not the one initiating the cbcm IPO. Our part of it is only the 35 SP10s promised for round 1.
Initially we thought we'll be able to cover more rounds. When the SP10 were sold out, we helped cbcm secured additional hosted hash-power from a trusted partner and customer we're working with.
The collateral will make sure the placement after each successful round will happen.
This is the sad truth: we sold the SP10s too fast to cover the IPO. Havelock Window for the IPO came too late.
This whole IPO will have zero impact on our bottom line. We could have sold 1,000s more SP10s if we had them in stock.
Regarding the SP30: We're selling the SP30 Yukons very fast as well.
Regards,
Guy
Edit: And for the last time, we don't endorse the IPO. We just make sure it run by honest people who will fulfill their obligations. We had to do that to protect our name.
Initially we thought we'll be able to cover more rounds. When the SP10 were sold out, we helped cbcm secured additional hosted hash-power from a trusted partner and customer we're working with.
The collateral will make sure the placement after each successful round will happen.
This is the sad truth: we sold the SP10s too fast to cover the IPO. Havelock Window for the IPO came too late.
This whole IPO will have zero impact on our bottom line. We could have sold 1,000s more SP10s if we had them in stock.
Regarding the SP30: We're selling the SP30 Yukons very fast as well.
Regards,
Guy
Edit: And for the last time, we don't endorse the IPO. We just make sure it run by honest people who will fulfill their obligations. We had to do that to protect our name.
Added:
Since our name is involved, we wanted to make sure both CBCM and cowboyminer will respect their obligations. They will.
Even without the collateral, their handling and conduct was professional.
Even without the collateral, their handling and conduct was professional.
Added:
I'm getting tired, so this will be the last answer.
The collateral is against faithful execution of the IPO promises to the prospect investors. It has nothing to do with the 35 miners I'm selling. Since three entities are involved (four with Havelock), we had to make sure it will be executed cleanly. It will.
I'm repeating my statement that we don't endorse the IPO. If it will succeed, it will be executed - this is our promise backed up by the collateral.
The collateral is against faithful execution of the IPO promises to the prospect investors. It has nothing to do with the 35 miners I'm selling. Since three entities are involved (four with Havelock), we had to make sure it will be executed cleanly. It will.
I'm repeating my statement that we don't endorse the IPO. If it will succeed, it will be executed - this is our promise backed up by the collateral.
Looks like they sold their pre-orders as quick as possible and now promise to offer their hashrate to others before you.
Added:
A good and strong company like spondoolies is even backing this up.
What happened to having only one deal? I thought Cowboyminer was supposed to do all future supplies?
June 11, 2014, 09:55:08 AM
Boy oh boy, Spondoolies is now crowdsourcing funds from the community to be competitive in the next round and offering a 1 PH/s mine. Doesn't this sound similar to Bitfury or Hashfast? But it's ok because they have stated multiple times here (and here and here and here and here and here) they have no stake in this "IPO" but they aren't "endorsing" it either. That's a lot affirmation in a company that you "don't have a stake in." Right, well what does this have to do with you miners right? For all those who pre-ordered those Yukons, your slice is going to smaller now because Spondoolies decided to promise some hashrate to other forum posters by the end of June.
You've all seen how Avalon, KnC, Hashfast, Bitfury, and every other "company" that chooses to double dip with the community. This is only the start, remember this when you have another company that screws other the folks that helped them off the ground.
Waiting for the Spondoolies and their supporters to now flood this thread with hate. Come on Spondoolies, you're going to say you have no stake in the "IPO" and you're "not endorsing them" either here too.
Still like your pre-orders with them? That Yukon pricing doesn't look as good as it did now, huh?
You've all seen how Avalon, KnC, Hashfast, Bitfury, and every other "company" that chooses to double dip with the community. This is only the start, remember this when you have another company that screws other the folks that helped them off the ground.
Waiting for the Spondoolies and their supporters to now flood this thread with hate. Come on Spondoolies, you're going to say you have no stake in the "IPO" and you're "not endorsing them" either here too.
Still like your pre-orders with them? That Yukon pricing doesn't look as good as it did now, huh?
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