Ninjastic
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Re: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs
by
VeritasSapere
on 19/02/2015, 20:00:09 UTC
Quote from: Spondoolies-Tech on February 19, 2015, 07:25:50 PM
Quote from: bigblind on February 19, 2015, 07:24:01 PM
Quote from: Spondoolies-Tech on February 19, 2015, 06:59:24 PM
Quote from: quakefiend420 on February 19, 2015, 05:53:37 PM
Quote from: Spondoolies-Tech on February 19, 2015, 02:38:07 PM
Quote from: TheRealSteve on February 19, 2015, 02:30:19 PM
Quote from: wpgdeez on February 19, 2015, 02:17:17 PM
Quote from: Spondoolies-Tech on February 19, 2015, 02:03:09 PM
Not with our 2nd gen. Time will tell if there will be retail market for the 3rd gen.
Are you basically saying as of now Spondoolies is out of the race and now it's between the private entity 21e6 and Bitmain?
Clarified SP-Tech's reply a bit for you.  You've already seen the Spondoolies / Genesis bit and their own earlier hosted options.  Those could, arguably, be seen as non-retail.  I wouldn't count Spondoolies out just yet Smiley
To clarify: With Genesis Mining, we ship them SP31 to fulfil the contracts, only after they actually sell the contracts. They're buffering with their own SHA256 machines until our miners arrives.
There are three markets: retail, bulk and self mine. Currently, we're doing only the first two.

I think the community would appreciate you sticking to that.  Manufacturers mining with their own gear while it's new and most profitable and then selling to end users once they've taken the lion's share of the prime lifespan is getting old.
We'll try. Unfortunately, I believe we'll see 3-4 mining conglomerates doing self mining with their own ASICs of about 95% of the blocks in 6-12 months.
I don't think it will be good for Bitcoin.

centralization incoming Sad
Yes. Initially 3-4. Afterwards probably only 1-2
I was hoping that spondoolies might be able to help avoid such a scenario from taking place. There needs to be mining manufactures that are able to sell to the masses and not just to the large mining conglomerates. Since if your hardware is as good as the other manufactures and if the small miner does have relatively cheap electricity, then small home miners could compete with the larger mining conglomerates since their overheads would be lower. Furthermore if most of the other mining manufactures are just self mining, then it could still be very profitable for spondoolies to sell picks and shovels for everyone. So please spondoolies help keep Bitcoin decentralized and continue empowering people by enabling us to take part in securing the Bitcoin network.