Re: [ANN] Spondoolies-Tech - Best W/GH/s ratio, Best $/GH/s ratio
Did they not make any money from the sp10? I'd be surprised if they ended up with less than $10m profit.
Please break the numbers down for us because I really like to see how you got to that number. How many units do you think they sold in order to get $10m profit out of it?
It's just my guess. Do you really think that they did not make a profit?
My guess is ~5000 sp10s at $2,000 profit each.
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This is a lousy excuse. At $0.1/gh (could be much lower) they would only need $1m for 3 months worth of sp30 chips. (at 500 sp30/month)
I see that you only quoted the cheapest part aka the chips. What about the rest? PCBs, components, server grade PSUs, cases. They aren't so cheap as the chips and they are not available to buy from stock in large quantities.
Do you need to buy pcbs, components, and server psus months in advance? I'm sure they are a few other components that have long lead times but I really doubt the majority do.
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I'm betting that server grade PSUs in big numbers aren't so easy to find, or the custom PCBs.
How can that be? Server psus are probably one of the most common parts they are using.
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The NRE is at least $3M and while I don't know the numbers I am sure that the NRE cost goes up exponentially for each process node so it seems pretty viable to have a $3M cost for a 28nm mask if you are having $1M fost a 40nm mask. Maybe someone can enlighten us with some proofs, instead of just words.
I'd love it if spondoolies would let us know exactly how much they spent on NRE. Doubt it would be nearly as expensive as some expect.
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How do you explain bitmain,asicminer,bitfury,avalon, and a1 clones which have zero problem selling from stock? The majority of the network is powered by miners bought from stock.
Comparing apples with oranges yet again. I think that only Bitmain is a good comparision, the rest aren't. AM had an IPO which means money upfront from people before showing miners, Bitfury sold overexpensive pre-orders for their 400GH/s miners last summer (MetaBank) plus they self mined as soon as it was possible, Avalon had preorders for their B1, B2 and B3 batches and then they had ~$8M in hand for chips pre-orders which were sold to third party before being delivered/refunded to customers and the A1 clones they didn't have to pay for NRE so it was easier for them.
The difference is that once those companies were fully funded, they stopped taking preorders (besides KFC/BFL/SPtech).
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But spondoolies is already is fully funded by VC is it not? I remember something about how they have enough funds to cover all batches if they need to.
The statement is true, but that would mean sacrificing gen3 NRE costs. Thinking into the future isn't your best skill
So you're basically admitting that they are milking their customers just so they can have their gen3 faster?
Seems legit.
If only AM had taken preorders for their gen3. Sure the specs would have been way off and every customer would have been fucked but they would probably already have gen4 by now.