Topic: Bitmain Antminer A3 earning $500 a day mining SIAcoin . .WHAT?! Results & Stats - page 21. (Read 11726 times)

Kind of harsh, but nicely put. I hope they do wise up. Also I hope they don't become evil to fight evil. We have enough of those in crypto.

Not the S9s (that accepted wire transfer last time btw), bitmain always surprises with something.

Yes, you are right. I demand a hard fork too. On decred because the obelisk miner is going to 51% attack the network! The SIA dev fork to destroy their competition the A3! Now they want to destroy other coins! Watch out!

sia devs are idiots, they should do the right thing and refund thier pre orders

You A3 owners are a bunch of A holes talkin trash to the Sia Devs.  And yet you mine their coins you greedy bastards

I demand a hard fork instead.  Polarized mining community we have here.

This SIA team is a bunch of amatuers.  I almost think the coin/project would be better off with a more seasoned core dev/mgmt team in place. Not a bunch of friggin idealistic kids who want to publish manifestos and memorandums of principles, whitepapers, etc.  How about profits.  If you are not exceptional at what you are doing, then someone else will eat your lunch.

Bitmain is very kind compared to the competition they will be facing in the future.  Do they really think that cloud storage titans like Google, Amazon, Microsft will just let SIA waltz in and drive them out of the business?  These kids better wise up and quick.

Ya, sorry. I guess next time I'll pre-order at $2000/btc so I can sit back and watch btc go up 10x and lose out on it. I mean, sure, giving someone your money to do development with and then sit on your hands for 10 months waiting is great. Who the fuck would want their miner in 10 days? That's just fucking crazy. Is there anyone here who would like to hold my money for 10 months? Any takers?

SIA's response to this shows their true colors. They're no better than bitmain. Just look at the doublethink they spew all over reddit. They constantly post bullshit saying 2 different things at the same time sometimes even in the same damn sentence. I will never support their project again, and I will take my enterprise customers back to S3 and GCS. They're raging out and mad they lost their race to market.

Hey, at least their network is 'secured' now. Because apparently asic is the only way to 'secure' it. I told them they were full of shit when they wanted to make asics back in July. Hey, I'm just senseless. NOW EVERYONE GO PRE-ORDER SOME MORE SHIT!

I like how they self-imposed arbitrary rules on bitmain like they're lords of the universe. "Bitmain didnt say how many they sold", "Bitmain didnt say they were making it", "Bitmain didnt bla bla bla". Their devs are on reddit crying worse than my 5 year old after getting smacked in the face with a ball today. It's like they've never been in business  before. Ever.

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I support the overall project's goals, and have for some time.  But this latest bit is sheer lunacy on the part of the SIA dev team.  If SIA intended to break a so-called monopoly, it should have brought a better product to market much faster than Bitmain.  It did not.  Whose fault is that?  Either they were intelligent enough to foresee the risks involved with bringing their own ASIC to market and they took a gamble, or they are incredibly short-sighted and out of touch.  There is no good explanation for, no positive way to spin, their reaction to Bitmain.

I've wondered for some time whether SIA would take off or not.  I mean, if you look at total available space to rent vs. actually rented space, there is an apparent problem with getting the word out about what their project is about and what it can do.  How about focusing on that aspect instead of bitching that because you are an also-ran ASIC designer, that must mean that competition is not fair?

Edit:  And consider this -- no one forced the SIA team to publicly announce, months before they had a product ready to ship, that they would be coming out with an ASIC miner.  If they wanted to surprise Bitmain and own this corner of the market, they should have kept their mouths sealed shut until they had product ready to ship out.
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Yep.  You can't do it all.  Either you focus on building out your platform and gaining adoption or you rapidly bring an exceptional ASIC to market.... you cant do them both with such a small team.  SIA never should have entered the ASIC market, it is an entirely different animal.

I support the overall project's goals, and have for some time.  But this latest bit is sheer lunacy on the part of the SIA dev team.  If SIA intended to break a so-called monopoly, it should have brought a better product to market much faster than Bitmain.  It did not.  Whose fault is that?  Either they were intelligent enough to foresee the risks involved with bringing their own ASIC to market and they took a gamble, or they are incredibly short-sighted and out of touch.  There is no good explanation for, no positive way to spin, their reaction to Bitmain.

I've wondered for some time whether SIA would take off or not.  I mean, if you look at total available space to rent vs. actually rented space, there is an apparent problem with getting the word out about what their project is about and what it can do.  How about focusing on that aspect instead of bitching that because you are an also-ran ASIC designer, that must mean that competition is not fair?

Edit:  And consider this -- no one forced the SIA team to publicly announce, months before they had a product ready to ship, that they would be coming out with an ASIC miner.  If they wanted to surprise Bitmain and own this corner of the market, they should have kept their mouths sealed shut until they had product ready to ship out.

Bitmain has centralized farms/pools for bitcoin, litecoin, dash, and now Sia.  Enough is enough already. Open your faking eyes

Sia's decision to break this monopoly is a good thing and shame on you wannabe decentralized miners for not supporting the Devs for fighting against Bitmain dominance.

Sia has to Fork and control the Sia coin to fend off aggressive Bitmain.  If it takes some coin centralization to do this then so be it.

If you don't support Sia Dev's don't mine their coin!  

Hmm, to make ASIC manufacturing decentralized, maybe all we need is for other companies to get their shit together, pay qualified chip developers and manufactures, and get them turned out.  There are multiple ASIC manufactures out there currently, Bitmain just happens to be the one that has the R&D and manufacturing process streamlined to make it happen.  As shitty as their support and quality control may be, you at least have to acknowledge that they can bring a product to market.

A developer forking a coin just to promote their own ASIC has nothing to do with creating decentralized ASIC manufacturing or creating a decentralized coin.  If anything they are trying to control the whole market (mining and coin) solely for maximum profit to their business, not for the miners mining the coin.

Sure.  Keep telling yourself that.  By the way, if you really want to support the SIA project, why didn't you set up a boatload of storage space and offer to rent it out at incredibly below market prices?

This type of thinking is what will limit Siacoin growth.  Don't you want Siacoin in as many hands as possible to be as widely distributed as possible, to grow as much as possible?  Think of how many people this brought to the Siacoin community.  Think of the stabilization and decentralization this brings to the coin.

If the devs fork the coin to brick the A3's, it's only out of spite because Bitmain beat them to market with an ASIC.  It's a bit hypocritical to say you don't want an ASIC mining the coin right now when the devs are soon to release their own ASIC to mine the coin.  Makes no sense if you want a decentralized coin.  If they fork it to resist the A3, then isn't it becomming a centralized/controlled coin?  I think that's the opposite of what they want it to be.

Sia short term centralized ASIC mining is a needed in order to make ASIC manufacturing decentralized.  

Actually, that's the new standard now. They're shipping within 10 days instead of 1~2 months like they used to. Check the last batch of the L3+ they posted. They shipped them within 10 days as well

Yeah with my 5 card rig (1070 TI) nicehash is paying me about 1.6 to 1.7 mBTC per day -- nicehash mines whatever is most profitable at the time, autoswitching.. but often does neoscrypt.  It was at 1.8 mBTC per day the other day, but I don't know if the reason why it's less now is due to the fact I lowered max power in MSI Afterburner from 100% to 85% (to help preserve card life).  My electrcity rate is affordable at $0.081 cents per kWh.   I would love to ROI in 5 months if I could.  The rig cost me $3700 for everything including spare SSD and backup USB drive.

Are you mining ethereum with that 7 months roi? Got very high electricity rate in my place but 5 months is doable.

Following this thread with interest. I'm salivating with those returns.

What???  The SIA devs promoted the nonsensical view that ASIC mining would be great for their coin, and healthy, and double-plus good.  In what alternate universe could you ever think that you, and you alone, would be the only possible developer to come out with an ASIC miner?  SIA wants centralized ASIC mining, only they want to be in control.  Bitmain beat them to the punch, end of story.

Watching the progress of your A3 Vosk.  ASIC hardware is all new to me, as I just learned about crypotocurrency mining just only a month ago.   I have a 5 x GPU rig running now on Nicehash.  Modest profits each day for a $3500 investment.  At current rates I hope to ROI in 7 months.   It's nuts you can ROI in like less than two weeks with that beast! I hope you can ROI quick enough to pay the thing off before a fork renders it much less profitable.   If I had known about ASIC mining a few weeks ago, I would of paid $2400 for the A3 miner and risked it . IT's too late to get into it now I think.  Everyone will be a week ahead and it might not even pay itself off.. especially if they "fork".. Wow I have a lot of catching up to do, history to read about.. how blockchain actually works and about forks and what not!

I wonder if the hardware is basically the same and htey just make a few proprietary/secret firmware changes to make it work with a different coin.  WOuld be cool if someone reversed engineered their older ones and were able to make them work efficiently with other ASIC coins that haven't been saturated or the process of being saturated like siacoin.

All this is so new to me so sorry if I just said anything that wasn't accurate or didn't make sense

Ah that chart is wild... and gladly man thanks for taking the time to drop a reply! I’ll post another update in a couple days I’ve been face deep in too much SIAcoin lately lol