Topic: Bitmain Antminer A3 earning $500 a day mining SIAcoin . .WHAT?! Results & Stats - page 20. (Read 11760 times)

Yes, that is the point. They should be happy to obtain massive support from ASIC miners. But it comes that Bitmain surprised everyone launching the ASIC before SiaTech, and they are angry about that because it spoiled their SC1.

Why are people getting so saltly of Bitmain Asics?

The Asics literally support the network.
If you were mining Sia with GPU it must have been more for support than profit - because you could have been mining a more profitable coin and then simply buying more sia with that profit that what you were earning by simply mining. GPUS have the agility to mine different coins - take advantage of your hardware.

When it comes to the obelisk who actually pre-orders asics anymore? Have you not learned from the many many cases where pre-orders either disappeared, got delayed by months or another competitor beat them to the punch?

Tough lessons to be learned in crypto but to get salty about it and blame a company for releasing a product on an open market just spouts your disgust in yourself for falling for such pitfalls.

Historically whatever coin Bitmain launch an ASIC for the price has increased pretty damn well over the next year.

For those saying these new ASIC miners are tanking the price please open your eyes - we have been in a bear market since before XMAS, nearly every coin is getting tanked hard.

Similar feeling here 

Yes, Amazon will call and ask if their next product will affect the profitability of the obelisk #2.

Yes I did sign the petition on discord.

I don't own a single Sia coin, i don't own an A3 nor do I own a SC1,

I do own a bitmain L3+ miner and I pre ordered an obelisk decred miner and Im mostly a  gpu miner.  So i am not bias with mining

As an investor I am an investor in other coins mostly the top 10 coins.

So i hold nothing to financially gain from this at all.  Just my ideology viewpoint and I like bitcoin gold due to its purist form of true decentralized miners.

Your questions is all above my pay grade and have no opinion in such matters.

Hey "Lunobird," I was over on the SIA reddit today and I was reading that signed letter where certain people advocate for a fork.  And what do you know?  Your name shows up and next to your name is the title "investor."

Did someone forge your support for the hard fork on that letter, or is that "Lunobird" also you?  Which is it?

And if you are an "investor" in SIA, doesn't that conflict you as much as any person who invested in an A3?  I mean, if you are an "investor" in SIA, I take it that means, among other things, that you hope to make a buck?  No?

Here is a thought experiment for you and every other person who has posted on Reddit over the past two days:

Imagine SIA gains real traction, which I hope it does, and SIA begins to nibble into Amazon's cloud storage services.  Just enough to, say, land on the radar of Mr. Bezos.

Questions:

1.  Do you think Mr. Bezos will be consulting with Team SIA 60+ days in advance prior to making any business decision affecting Amazon's cloud storage services?

2.  Do you imagine Mr. Bezos will have a moment of clarity in which he announces to the world, 'You know what?  Patents *are* evil, and from this moment forward, I shall freely cross license every single patent Amazon holds in relation to cloud storage to the SIA team.  My public shareholders and their pesky lawsuits be damned.'

3.  Do you think that Mr. Bezos will publish in real time his cost structure, profits, Amazon's current 500 largest cloud customers, total available capacity, percentage of used capacity, and other business sensitive information so that SIA and every other would-be competitor can take advantage of that?  OR, do you think the SIA team will have to hire someone who knows what SEC EDGAR is all about, and that person or persons will have dig through hundreds of pages of public SEC filings to figure these things out on their own?

4.  Do you think that Bezos will start releasing Amazon quarterly reports at, oh, 5 p.m. Beijing time instead of 5 p.m. Eastern Time?

Funny how I have mined SIA for a year, then somebody just makes the same in a week or so x)

I don't believe this would even be an issue if the Obelisk did not exist.   This is only happening because SIA has money invested in their own ASIC.  They are now officially a competitor of Bitmain.  If that means they need to Fork and brick the A3's then so be it, but I can tell you that Bitmain is creating a product that they know the consumer wants and that they know will sell and make them money.  SIA is not going to make anything off of Bricking the A3's.  If anything, they will lose complete trust in their coin and stability in their network.  Buy our coin, buy our miner, buy into our centralized eco system... we run it all...

Yes, they really does whatever they want and their actions are very rude, maybe one day they will leave all antminers for theirself. Why aren't they doing this? It will be fatal I think.
I believe they knew what would happen after receiving of A3 miners, but why didn't they do anything? This fact makes me nervous.

"real" decentralization (if it even exists) would dictate that they are free to fork and the miners can choose to mine whichever chain they choose

i guess its just first batch privileges, then it will be obsolete like all others

how can they be upset that a company made a miner to mine the coin that are developing  

don't they, um, understand that literally exactly how this whole thing works?

the baikal b can mine sia and dcr , but only at 40 and 80gh

I still recieved well over 7k sia today from an A3.

Looks like it's down to $225 per day now Vosk?  Keeping an eye on your rig.  Early this morning it was at like $340 per day.

 SIA's algorithm isn't supported by any of the Baikal miners.
 That "Obelisk" group announced a SIA miner, but don't think it's actually shown up yet - if it EVER does.

I’m personally holding them I think sia will see big growth with all of this exposure if they navigate this semi decently.. just speculation of course

I thought the D3 would trash dash price but somehow did the opposite so I’ll place my bets the other way this time lol

This, exactly this.

Absolutely agree, this is crypto and crypto should be decentralized

Here's an interesting manifesto/whitepaper https://bitcoin.org/bitcoin.pdf Cool some idealist published it eh?