Spoondoolies Halts Sales of SP30, Investigating Technical Issues

Spoondoolies ASIC arrived even as the Tel Aviv airport is closed down. Unfortunately, Spoondoolies reported that the hash rate is lower than expected and that technical details will be released shortly.

I have to applaud them for releasing bad news so early and providing the update that this will not delay shipping. We will get to see how Spoondoolies handles this compared to the disasters named Hashfast and Cointerra.

We need good news out of the manufacturing sector, so I hope to be pleasantly surprised.

The situation is this: After receiving the first batch of RockerBox ASICs, our initial results show a lower hash rate than expected.
Our highest concern is to ensure the best possible experience for our customers. Therefore until we can evaluate the significance of this development, we are temporarily suspending sales of the SP 30 mining rigs.

At this time, our Engineering Team is conducting thorough analysis and testing in order to figure out the precise technical details. We will release the results of our analysis, along with updated product specs, in a couple of days, once we’ll have hard data to share with you.
We believe we understand the reason for the lower hash-rate, but we want to make sure before we release the information.

Spondoolies-Tech stands behind its commitment to our customers. Therefore in the coming weeks we expect to adjust prices accordingly, and announce a compensation plan for those who have already placed orders.

We want to stress that delivery date will not be affected by this issue.

We apologize in advance for any inconvenience this may cause our customers. At the same time, we want to reassure you that all products that we ship will continue to meet the very high standards our customers have come to expect.

Thank you for your patience as we gather further information and formulate a plan of action.

We look forward to continuing and strengthening the relationship we have with our customers. If there is anything else that we can do to minimize your inconvenience in regard to this matter, please do not hesitate to contact us. Please note that in response to this development we are expanding our customer service department — and we apologize in advance for any delays in responding to your queries.

Again, we regret any inconvenience caused as a result, and we thank you for your continued loyalty.

Sincerely,

Guy Corem
CEO
Spondoolies-Tech Ltd.

FXCM adds Bitcoin Charts, Exchange Volumes, Educational Information

FXCM(NYSE listed ticker FXCM) has added Bitcoin trading for it’s forex trading platforms. http://www.fxcm.com/bitcoin/ is a truly impressive collection of information about Bitcoin, but what really makes it stand out is the simplicity of the explanations.

The bubble chart showing trading volume of major exchanges is an excellent way to visualize where liquidity is currently.  Knowing where the money is now,  is the key to making a profitable trade.


 

After the MTGOX/NEOBEE disasters there has been  voids left. Many traders were pushed out of the market by fear and distrust of completely unregulated exchanges. I am happy to see that FXCM is regulated this and is already compliant in many jurisdictions.

We are regulated and have offices in a number of global jurisdictions including the United States, the United Kingdom, Hong Kong, France, Italy, Germany, Greece, Australia and Japan. With offices, partners and affiliates in the world’s major financial centers, we are uniquely positioned to provide exceptional service to forex traders around the world

and

We take regulation and financial transparency very seriously—we meet strict financial standards, including capital adequacy requirements. As a vocal advocate of financial services regulation and increased investor protection, our companies are registered with and regulated by some of the most respected regulatory bodies in the world. The U.S. regulatory framework is widely regarded as one of the best in the world for investor protection

 

 

The trading platforms look nice, account protection and experience in currency trading. Looks like options in trading just got better.