that complicates it ..but generally...IF there is not a robust network for sia's vision in place to use these ASIC's then they will also be in a bad place
just a month or so behind...I just see no action on how they plan to compete against Amazon on their decentralized 10c to $1 Amazon giant....
deafening silence...thus looks to me like a crap load of ASIC's will hit...w/o any real purpose...and the price will tank also if their vision is 'postponed' or not
in place for the 'glut' as you point out of hash hitting on blake2b
you can't have it both ways...if price now is due to scarcity and also the anticipation of their vision..and the major investment of $$$ that people speculated
on with the ASIC's too boot...well it is step up of fail
or how I see it
on the other hand for what you paid for one of these puppies and what I paid for obelisks' last year with high priced BTC...as far as just holding crypto
wise we probably are even....just from that timing situation and last years price
i talked to one of the sia devs in europe for like 3 hours yesterday ~ we share the frustration with the current situation >> the aim is science whereas miners are trying to pay their bills instantly...we will have new updates inkoming *
#BTI #SIACOIN #SIABERRIES
==>
https://markets.bisq.network/https://freiexchange.com/market/BTI/BTChttps://poloniex.com/exchange#btc_scwell, I plan on mining and HODL mode...for the project...the catch is IF the electric is MORE than I can get from the project (assuming the decentralized network is up)
then things get difficult.
the solution, IF, all they need is a MODEST ASIC network, assuming there are too many out in the world that will turn on and complicate either Siatech folk's timeline
(ie not ready by the time the ASIC flood hits) the correct solution is to 'fork the coin' so only the original Obelisk's can run this token they need for their decentralized
network...you could still have it linked in value to siacoin..but could control such things as ASIC pump...supposedly Sia-Tech said they could fork with a mod in the
ASIC chip ...IF Bitmain played games...well...now may be the time to panic and implement that now..
or again, just fork the works, siacoin, which as far as I can tell sia-tech has no speculative money in the game...goes its own way and Sia-Tech has a new coin/token
if/when they launch the decentralized network ..under those circumstances, I'd mine for a loss to get their network up on future need ..and this new coin having no value
to start (much like bitmain b-miner and their algo) ...but ....with sia coin already existing and a set value and all ASIC's going on as they arrive...and NO decentralized
network in place....well....IMHO, the only choice would be to fork ...you can't control the machines by other mnfg's out there...above and beyond you expected..you
can control the speculative price (lows) that was put on siacoin for scarcity..which hardly applies to your vision...and again, if you can't get the decentralized network up
this summer....with the above ..you lose even on that bit of control
likely, won't happen, would have made sense to happen when bitmain made units..now likely too late
but again, you can't have siacoin price as a speculative coin....with other mnfg's kicking units out like toasters on top of your own units and NOT get your decentralized
network up in time ...even if it is your own brand and complain
siacoin is either a method to keep track of decentralized storage using token/coin to validate and get this up at 10c on the $1 Amazon centralized method
or
siacoin is a speculative coin, based on scarcity like all other alt-coins...and will suffer the same fate as ASIC's bring to all speculative coins
so unless they fork, and/or have their network up to speed by the time they hit in 2 weeks they have the worst of both worlds and it all dies
again, price/value is one camp (the decentralized network) or the ASIC power will be used as folk have seen with other speculative coins
myself, I'd fork to the orig obelisk equipment, the other mnfg's made this equipment to get under sia-tech's umbrella and pump siacoin before the network
came out this summer...so hell, if that is why they made the 3rd party equipment ..screw them...fork...it is no different than what bitmain has done
playing games with the other 4 novelty protocol miners they have made and the devs forking the algo...
anyway, what I'd do...ASSUMING ....it always was a decentralized network thing and the ASIC's were there for control and security as stated
in the past and NOT due to the current speculative price of siacoin now....they are frigging screwed....but I'd fork and bet on the network ...siacoin price
would tank..but again, a choice to do NOTHING under the present circumstances is still a choice...thus back to the problem of a crapload of ASIC's and
no network...so pick your poison I guess
brad
p.s. I know they are not gonna fork..but honestly...can't see a better solution with the ASIC's hitting the world and price and IF they will not have the
decentralized network up to speed...as it is now I would make the following if my Obelisk miners showed up today:
I'd make NOW 40c a day with $1.68 in electric costs per day. This is 800gh at 500 watts Obelisk SC-1
again, just not gonna happen, likely by the time I get these up say starting 3rd week of July 2018 as a guess, they will not be worth taking out of the box.
so lots of bad choices..my bad choice is punt and fork..but again...not gonna happen...so in my case, stay in the box doorstops....(if you leave them
in the cardboard box, they make better doorstops and slide easier) (sob!) FML
my 2 siacoin view
