Introducing the SP50, the future of bitcoin mining

Spondoolies SP50 now available /r/Bitcoin

Spondoolies SP50 now available /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Spondoolies SP50 - bitcoin whales only at that price :(

Spondoolies SP50 - bitcoin whales only at that price :( submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Spondoolies SP50, impressive specs but at that price bitcoin whales need only apply. /r/BitcoinMarkets

Spondoolies SP50, impressive specs but at that price bitcoin whales need only apply. /BitcoinMarkets submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Just grabbed the daddy of all miners! 110 th/s spondoolies SP50 /r/bitcoin_uncensored

Just grabbed the daddy of all miners! 110 th/s spondoolies SP50 /bitcoin_uncensored submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Plz Help. Have I found a Discrepancy in Slush Pool?

I may have found a bad discrepancy in Slushpool's reporting... Can you guys cross-check it for me? I'm not happy to say this, and rather than accuse anyone, I'd just like to get some second opinions. If I'm wrong, I ask redditers to politely explain why this discrepancy appears to be happening. After all, maybe it's my math, or logic, or facts missing, etc... But if there is a discrepancy, it could affect major things like payouts, theoretically... and I mean in a major way... retroactive for years.
My concern starts with the average speed per worker of the bitcoin mining pool, on Slushpool.
As I write (12/26/17 Pacific time, around 11pm), Slushpool currently says it is running at 1.587 Eh/s. https://slushpool.com/dashboard/?c=btc
The website also says there are 62810 workers in the pool. I want to calculate the speed per worker. Speed per worker should be expressed in Th/s, so to reduce it to common terms, we need to convert the pool's global Eh/s to Th/s... which means to multiply the Eh/s by 10002... one thousand, squared.
The speed of Slushpool was 1.587 Eh/s, so we set it up like this: 1.587 * 1000 * 1000 = 1587000 Th/s. †
Now to get from Slush Pool's total Th/s to Slush Pool's average Th/s per worker, divide total by number of workers...
(1587000 th/s) / (62810 workers) = 25.26 Th/s per worker.
So I got the number I was looking for... excellent. You might say "Okay, interesting, so the average worker is mining at 25.26 Th/s. NP. Cool."... But what you SHOULD be doing here is asking HOW ON EARTH ANY WORKER IS MINING AT 25.26 TH/S, and even moreso how THE AVERAGE worker mining on Slush Pool is mining at that speed. The fastest miner on the market is the s9, and it mines at 14 Th/s. So how is the average miner on Slush Pool more so much faster than the very best miner on the market, today? The S9, The BEST MINER on the MARKET, today, is only 56% the speed of the AVERAGE miner on Slush pool.
Now, maybe somebody built a specialized frankenminer in a laboratory... maybe someone uncovreed a secret cache of Spondoolies SP50 miners... which was designed to mine at a whopping 110th/s, for example... but Spondoolies went bankrupt in 2016, and production was halted. Even before then, they didn't make too many sp50's, and they were restricted to special clients.
So... assuming it isn't legacy Spondoolies sp50's doing this mystery hashing, how else can we explain the high h/s on Slush Pool? Maybe someone got really good at overclocking... maybe they cooled the hell out of their miners, so they can run at super fast speeds. Would that really be enough to yield 25.26 Th/s? Is that credible? Is it possible or plausible? ... Even if some miners are achieving that incredibly blazing speed, would the AVERAGE miner be achieving it?
Don't forget about how the AVERAGE includes all these micro miners, as well... misfits like the u3, gridseed orb, blade miner, s1-s5, running in a dorm rooms, etc. There are hobby miners who would pull the average h/s (per miner) on Slush Pool down alot.
So, how is it possible that the pool is running at this speed? Better asked... IS it possible, and if so, how? And if it's not possible, then what are we looking at?
If the pool operator is overstating the total hashing power of the mining pool, then are payouts being reduced according to a false ratio, where the divisor in the ratio is artificially large? The payouts are based on that... they depend on it. So are the payouts on Slush Pool being artificially shrunken? If the total Eh/s of the pool is really much lower than what they say, then I'd have to suspect that it is. But I am absolutely NOT saying for certain that this is what's happening. It's what my suspicious anxiety closet suggests could be happening... but I really don't know. That's why I'm asking you guys to help sort this all out, and explain to me whether these concerns are misguided or not. I'm asking a question, here... not throwing accusations. Frankly I think it is more likely that I've made an error of some kind, either miscalculating or possibly unaware of some vital detail, than that the net's oldest and most respected mining pool is doing something like this. It is very likely there's a good explanation for the apparent discrepancy, but I do not know what it is... so again, I'm asking you, reddit, if you can evaluate this reasoning and comb it for flaws, math errors, weak factual assumptions, and/or whatever else might explain what I'm seeing, or if you can confirm the math and logic framed in the questions I've asked. Thanks everyone, and have a happy new year.
† (Here is a site which tells the relation) https://bitcoin.stackexchange.com/questions/9219/what-is-the-difference-between-kh-s-mh-s-and-gh-s/21498 (here is a site with a calculator which goes from E~ to T~. Although it does not have Eh/s and Th/s, you can use Ehenry to get the same mathematical result. https://www.translatorscafe.com/unit-converteen/inductance/5-4/gigahenry-terahenry/
submitted by mercucio007 to MiningPoolHub [link] [comments]

Just Curious - play with me on this

I keep reading that every question about mining setups is replied to with "just buy Bitcoin and hold." Now enough with that answer. If I had $1,000,000 dedicated for a mining setup, not for buying bitcoin, what machines and setups would you recommend?
Spondoolies SP50's seem to be a myth.
submitted by apex8888 to BitcoinMining [link] [comments]

Spondoolies Tech SP30 Miner: unpacking and installation SP50 Spondoolies-Tech SP35 Quick Start Guide Spondoolies-Tech SP20 Jackson 1.3-1.7TH s ASIC Bitcoin Miner Spondoolies SP20 at work (Bitcoin miner, Litecoin)

Found more bitcoin miners only at Ropesta.com . Item . SP50 . Effective Hash Rate . 110 TH/s ± 10% . Nominal Power Consumption. 16,570 W . Power Efficiency. 0.15W/GH/s . ASIC. Total 800 Spondoolies-Tech Pickaxe ASICs . Controller. TI Sitara 1GHz (based on Beagle Bone Black) Controller Board OS. Linux (embedded) Mining Software. cgminer with Now available from Spondoolies-tech, our next gen ASIC hardware, the SP50 Effective Hash Rate - 110 TH/s ± 10% Nominal Power Consumption - 16,570 W Power Efficiency - 0.15W/GH/s ASIC - Total 800 Spondoolies-Tech Pickaxe ASICs Controller - TI Sitara 1GHz (based on Beagle Bone Black) Controller Board OS - Linux (embedded) The SP50 (which I've now codenamed The Bitcoin Mini-Fridge) uses 16,570 W and takes up 11U of rack space.It's a pretty ridiculous increase in density, hash rate, and power efficiency. Compare it to their previously released SP35 which takes up 2U of space, draws 3,650 W, and hashes at 5.5 TH/s.. The Bitcoin Wine Cooler is unfortunately only sold in bulk. tradeKorea is a online B2B trade website offers you matching services to connect buyers and suppliers. Establish reliable relationship between buyers and suppliers through our matching services and find new business opportunities through various online exhibitions. SPONDOOLIES SP30 BITCOIN MINER Main Board PCB-2013 Rev_A00 Virtual Currency. $79.99. Got one to sell? Get it in front of 160+ million buyers. You May Also Like. Slide {current_page} of {total_pages} - You May Also Like. Mining Contracts for Bitcoin. ASIC Virtual Currency Miners.

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Spondoolies Tech SP30 Miner: unpacking and installation

A quick start guide for Spondoolies-Tech SP20 - Jackson. The most efficient Bitcoin home miner available today. The SP20 ships from stock and is available to order now! Spondoolies is a veteran ASIC cryptocurrency miner manufacturer and their latest public release of the Spondoolies SPx36 shows that they can compete with the best of them. The SPx36 is the most ... Spondoolies-Tech SP35 Quick Start Guide - Duration: 2:56. Spondoolies-Tech 16,121 views. ... CryptoKube Bitcoin Modular Data Center - Duration: 4:39. KubeData Systems Inc. ... SP50. Skip navigation Sign in. Search. Loading... Close. This video is unavailable. Watch Queue Queue. Watch Queue Queue. Remove all; Disconnect; The next video is starting stop. Loading... $7000 ASIC Miner Mined $1000 Dollars in Bitcoin in a Month Spondoolies SPx36 Profitability - Duration: 16:32. VoskCoin 33,308 views. 16:32. Easy Bitcoin Mining with Crypto Supply - Duration: 2:09.

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