A good and strong company like spondoolies is even backing this up.
Words from the supposed manufacturer of the IPO. What happened to not endorsing the IPO, Spondoolies?
Topic: Spondoolies = the next KnCMiner & Bitfury [WATCH OUT] Screwing SP30 Pre-Orders (Read 2101 times)
June 11, 2014, 04:52:30 PM
Words from the supposed manufacturer of the IPO. What happened to not endorsing the IPO, Spondoolies?
June 11, 2014, 04:49:45 PM
35 SP10s = 35 x 1.4 = 49TH/s
That wouldn't even show up in the top 25 miners on BTC Guild (need 62TH/s for that), and BTC Guild is only the third largest pool.
It's not like someone has managed to get SP30s before everyone else. We all knew when we made our SP30 pre-orders that Spond would continue to sell SP10s.
The network is roughly at 85,000TH/s at the moment.
49TH/s is about 0.06% of the network. Six hundredths of one percent. We won't even notice it. It is not enough to cause a difficulty increase.
Spond were going to sell those 35 SP10s to someone. That hashrate was going to hit the network anyway, whether it was sold to 35 miners or one miner.
That wouldn't even show up in the top 25 miners on BTC Guild (need 62TH/s for that), and BTC Guild is only the third largest pool.
It's not like someone has managed to get SP30s before everyone else. We all knew when we made our SP30 pre-orders that Spond would continue to sell SP10s.
The network is roughly at 85,000TH/s at the moment.
49TH/s is about 0.06% of the network. Six hundredths of one percent. We won't even notice it. It is not enough to cause a difficulty increase.
Spond were going to sell those 35 SP10s to someone. That hashrate was going to hit the network anyway, whether it was sold to 35 miners or one miner.
June 11, 2014, 04:02:07 PM
A good and strong company like spondoolies is even backing this up.
Words from the supposed manufacturer of the IPO. What happened to not endorsing the IPO, Spondoolies?
June 11, 2014, 12:46:07 PM
Of course, it is. 
Boy, I sure want to be part of that good deal. Should I click the link in your signature as well?
Boy, I sure want to be part of that good deal. Should I click the link in your signature as well?
Click and buy. You won't get a better deal! 1% of what you spend will go to ckolivas for cgminer support and 1% to charities!
Gosh, thanks! I couldn't figure it out before but now, I too can join in the pre-orders that will come after the IPO that came afterwards.
http://www.spondoolies-tech.com/pages/contact-us
Boy, they're shipping SP10 immediately!
Doesn't conflict with their info at all.
I'm sure they forgot about it. The link points to a non-existing product so no harm done.
June 11, 2014, 12:45:15 PM
Of course, it is.
Boy, I sure want to be part of that good deal. Should I click the link in your signature as well?
Boy, I sure want to be part of that good deal. Should I click the link in your signature as well?
Click and buy. You won't get a better deal! 1% of what you spend will go to ckolivas for cgminer support and 1% to charities!
Gosh, thanks! I couldn't figure it out before but now, I too can join in the pre-orders that will arrive after the IPO that came afterwards.
http://www.spondoolies-tech.com/pages/contact-us
Boy, they're shipping SP10 immediately!
Doesn't conflict with their info at all.
June 11, 2014, 12:41:20 PM
Thank you for posting, your input is much appreciated here.
A lot more than yours.
Of course, it is.
Boy, I sure want to be part of that good deal. Should I click the link in your signature as well?
Click and buy. You won't get a better deal! 1% of what you spend will go to ckolivas for cgminer support and 1% to charities!
June 11, 2014, 12:24:58 PM
Thank you for posting, your input is much appreciated here.
A lot more than yours.
Of course, it is.
Boy, I sure want to be part of that good deal. Should I click the link in your signature as well?
For now, we're selling 35 miners, but the company name was involved. We might sell more in the future.
Above $100K
Above $100K
WHOLESALE DISCOUNTS BABY!1
1For large buyers only, doesn't matter if you pre-ordered and took on all the risk
June 11, 2014, 12:14:07 PM
Sure he did, I'm sure he received nothing for his troubles.
My stake is like everyone else here: looking for the best deals for myself. If you don't think this is relevant info as a miner, go ahead and ignore. Doesn't bother me. But when your pre-ordered miner doesn't ROI because the company you paid gives hashing power to someone else who paid after you, you'll know why.
My stake is like everyone else here: looking for the best deals for myself. If you don't think this is relevant info as a miner, go ahead and ignore. Doesn't bother me. But when your pre-ordered miner doesn't ROI because the company you paid gives hashing power to someone else who paid after you, you'll know why.
This was the best deal: https://bitcointalksearch.org/topic/closed-spondoolies-tech-sp30-pre-order-specs-069gh-046wgh-575499 but it seems that you missed it and until now all my miners had a nice ROI. The SP30 will ROI too!
Thank you for posting, your input is much appreciated here.
A lot more than yours.
June 11, 2014, 12:11:51 PM
Sure he did, I'm sure he received nothing for his troubles.
My stake is like everyone else here: looking for the best deals for myself. If you don't think this is relevant info as a miner, go ahead and ignore. Doesn't bother me. But when your pre-ordered miner doesn't ROI because the company you paid gives hashing power to someone else who paid after you, you'll know why.
My stake is like everyone else here: looking for the best deals for myself. If you don't think this is relevant info as a miner, go ahead and ignore. Doesn't bother me. But when your pre-ordered miner doesn't ROI because the company you paid gives hashing power to someone else who paid after you, you'll know why.
This was the best deal: https://bitcointalksearch.org/topic/closed-spondoolies-tech-sp30-pre-order-specs-069gh-046wgh-575499 but it seems that you missed it and until now all my miners had a nice ROI. The SP30 will ROI too!
Thank you for posting, your input is much appreciated here.
June 11, 2014, 12:10:23 PM
Sure he did, I'm sure he received nothing for his troubles.
My stake is like everyone else here: looking for the best deals for myself. If you don't think this is relevant info as a miner, go ahead and ignore. Doesn't bother me. But when your pre-ordered miner doesn't ROI because the company you paid gives hashing power to someone else who paid after you, you'll know why.
My stake is like everyone else here: looking for the best deals for myself. If you don't think this is relevant info as a miner, go ahead and ignore. Doesn't bother me. But when your pre-ordered miner doesn't ROI because the company you paid gives hashing power to someone else who paid after you, you'll know why.
This was the best deal: https://bitcointalksearch.org/topic/closed-spondoolies-tech-sp30-pre-order-specs-069gh-046wgh-575499 but it seems that you missed it and until now all my miners had a nice ROI. The SP30 will ROI too!
June 11, 2014, 12:05:23 PM
Atta boy, look at you! 
You saw how well Bitcoinorama did from KnC and now want the same huh? I don't blame you.
You saw how well Bitcoinorama did from KnC and now want the same huh? I don't blame you.
Bitcoinorama did good for KnC. He left KnC when they started to build their big ass Datacenter.
What stake do you have here?
Sure he did, I'm sure he received nothing for his troubles.
My stake is like everyone else here: looking for the best deals for myself. If you don't think this is relevant info as a miner, go ahead and ignore. Doesn't bother me. But when your pre-ordered miner doesn't ROI because the company you paid gives hashing power to someone else who paid after you, you'll know why.
June 11, 2014, 11:55:46 AM
Atta boy, look at you!
You saw how well Bitcoinorama did from KnC and now want the same huh? I don't blame you.
You saw how well Bitcoinorama did from KnC and now want the same huh? I don't blame you.
Bitcoinorama did good for KnC. He left KnC when they started to build their big ass Datacenter.
What stake do you have here?
June 11, 2014, 11:50:02 AM
Avenger is that you?
I had to check his post history to see what he was accused of but sure, why not?
Is it not blatantly obvious what they're doing here? Understand that independent miners won't last that much longer if more of these companies are able to get by with their bait-and-switch. This is exactly what Avalon did. Then Bitfury. Then KnC.
How many more times will this occur before people catch on?
June 11, 2014, 11:41:21 AM
Yep but they can ship 35 miners to this "separate IPO" by June 30th.
@Roadstress: Think about what I said again, you'll get it eventually and clearly your impartial voice means a lot here
@Roadstress: Think about what I said again, you'll get it eventually and clearly your impartial voice means a lot here
https://www.havelockinvestments.com/buyipo.php?symbol=SHA&id=77 You mean by June 18
Atta boy, look at you!
You saw how well Bitcoinorama did from KnC and now want the same huh? I don't blame you.
Avenger is that you?
June 11, 2014, 11:22:34 AM
Yep but they can ship 35 miners to this "separate IPO" by June 30th.
@Roadstress: Think about what I said again, you'll get it eventually and clearly your impartial voice means a lot here
@Roadstress: Think about what I said again, you'll get it eventually and clearly your impartial voice means a lot here
https://www.havelockinvestments.com/buyipo.php?symbol=SHA&id=77 You mean by June 18
Atta boy, look at you!
You saw how well Bitcoinorama did from KnC and now want the same huh? I don't blame you.
June 11, 2014, 11:20:00 AM
Yep but they can ship 35 miners to this "separate IPO" by June 30th.
@Roadstress: Think about what I said again, you'll get it eventually and clearly your impartial voice means a lot here
@Roadstress: Think about what I said again, you'll get it eventually and clearly your impartial voice means a lot here
https://www.havelockinvestments.com/buyipo.php?symbol=SHA&id=77 You mean by June 18
June 11, 2014, 11:13:16 AM
... And by doing so you are putting investor level risks on customers ...
Completely untrue and false. September batch is covered.
For every batch we open, we're covering it with the necessary financing.
Well, we know now where this is from.
Will Spondoolies stop production of the SP-10 after June or will they still make them as well as the SP-30?
Mid June will be the last batch of SP-10
Yep but they can ship 35 miners to this "separate IPO" by June 30th.
@Roadstress: Think about what I said again, you'll get it eventually and clearly your impartial voice means a lot here
June 11, 2014, 11:12:42 AM
@Spondoolies: Ah, you're arrived. We've been waiting for you. You've been taking PR lessons from Hashfast_CL, haven't you?
We all know what comes next: extended delays on refund requests
We all know what comes next: extended delays on refund requests
What refunds? There are no refunds so they can't have extended delays. You haven't done your homework trolly boy.
June 11, 2014, 10:59:37 AM
I don't care who he is but he makes valid points. Customers just got screwed by the big guy once again.
This exactly. I didn't say a thing when they were just selling (which they were doing a fine job of). But taking pre-orders for late July - August and to turn around and offer immediate hashrate to others because they can offer a more sizable sum? Does the community need another manufacturer who can dominate the network? Will people wait until they release their statement of "network protection" to realize that it's too late?
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.Indeed I'm a big Guy, but we're not the big guys. This entire thread is ludicrous. But funny.
https://bitcointalksearch.org/topic/m.7253414
@Spondoolies: Ah, you're arrived. We've been waiting for you. You've been taking PR lessons from Hashfast_CL, haven't you?
We all know what comes next: extended delays on refund requests
June 11, 2014, 10:57:23 AM
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.Indeed I'm a big Guy, but we're not the big guys. This entire thread is ludicrous. But funny.
https://bitcointalksearch.org/topic/m.7253414
June 11, 2014, 10:53:38 AM
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. 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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