What is effective spindle count
This relates to rotating harddisks (not SSDs). One rotating harddisk is one spindle. 

So if your server uses e.g. a RAID with 16 disks, then your effective_spindle_count is 16

It is essentially a measure of how many concurrent I/O request your server can manage. Rotating harddisks can (typically) only handle one I/O request at a time. If you have 16, your system can handle 16 I/O requests at the same time.

The mentioned rule of thumb is no longer valid for SSDs. As they can typically handle several parallel I/O requests at the same time. I don't know however how you could obtain that number. 

Which is also mentioned in the Wiki page you linked to: 


  There hasn't been any analysis so far regarding how well the formula works with SSDs.