Topic: First Asic for SIA - Obelisk SC1 (Read 29250 times)

anyone doing anything with these beasts yet? I got some used ones to play with (dubious purchase)

anyway....just wondering

brad

I doubt it is that easy. However, you are talking weeks...say a couple months, yeah. ASIC makers will be all over this coin.

we will see. My 5 units were doorstops for 2 months, never took them out of the box.

So all things are possible.

Just like taking a downhill, in the snow, on a long steep 'dangerous' hill.

All great fun till the end, and a thrilling ride, until, when, where you find out if you crashed and broke a leg or emerged

from the heady experience unscathed...as they say in skydiving, it's not the fall that kills you ..it's the sudden stop!

Chump or Champ... I will be the first to know

brad

The transition to the updated algorithm in the case of Siacoin looks more like a marketing tool for raising sales of ASICs from a single manufacturer. Configuring other manufacturers' ASICs for this algorithm and the appearance of software miners for video cards is a matter of a few weeks.

As mentioned in other posts... I had 41% tax rate last year with 10% state taxes. Also 25% equipment deduction of gross income to boot.

IF I would have been HODL on the BTC I spent on these 5 units....with 2/3 drop in BTC price in HODL mode and I JUST want to get my USD back (never gonna get BTC

back)

I figure I need 1.11 BTC to pull this off. As a rationalization on the 2/3 BTC drop and the above other hooks. (denial, don't ya know)

I also have 1 decred miner (free for 5 800 bucks 1/2 off coupons) I can toss the decred blades out If in the trash and replace maybe with Jan 1st, 2018 sc1 boards.

I also have 5 slots left in the batch one siacoin miners I have...that is 7 blades or boards...for updates

As to buying the upgrade stuff, if they are reasonable ..maybe...but likely it would have to be less than $1k a board with above for me to pull

that trigger on Jan 1st, 2019, with Baikal, Innsilicon, and Bitmain with likely forked siacoin units in the wind then.

The $$$ made, IMHO, is just too tempting for Bitmain say. They have plants and workers and designers to keep employed. So I think it likely

that they will put something out (Bitmain or whoever) by Jan 1st, 2019 for siacoin forked version. Hell, I'd bet on it.

But again, this 1.11 BTC was if I had HODL'ed BTC at a 2/3 loss around my other rationalizations above (with the 2/3 groan drop in price). So again

I figure 1.11 BTC is my break-even point with all 2017 drama in us dollars (never gonna get the BTC back) ...so that's the plan, for now.

But WTF, they were doorstops the last 2 months, so the ASIC gods have smiled upon me again if I sell them the ASIC gods would probably

be 'miffed' and smite me down.

Stupid has seemed to work well so far.

This entire view and post can change on a whim. I have the attention span and fear factor of a small child...but the plan so far.

I wonder if their switch in the ASIC is such they can FORK again if they need to..that would be nice. (doubtful)

so anyway my dubious plans for now

brad

Searing you selling your miners for quick profit or letting it mine til its unprofitable?

Well as an aside I swapped my 5 $800 buck coupons to a buddy for a FREE obelisk decred miner on orders he got (yep....silly now ..prudent Jan 31st 2018)

it was 2nd batch...supposedly I can throw the boards out (2) on this unit and replace them with batch 2 boards for sc1 in Jan 2019

supposedly

Add the extra slot for the batch 1 units and that would be 7 'supposed' cards I could add to my 5 units of sc1 and 1 free decred unit batch 2 (2 slots) when it

arrives whenever.

So looking at my COMPENSATION more or less from obelisk for 5 sc1 units...maybe $150 is $750..er maybe for the lateness of shipping these..

Looking at remaining coupons for batch 1 units (1) $400 and (4) $250 so that is .... $1,400
which would be applied only 1 coupon to a board (rip off was applied to whole 2 card batch 1 units before) anyway my guess is per board

So again, 5 slots extra in the sc1 units....2 slots after I toss away decred boards on the free decred unit = 7 boards.

MY GUESS is at BEST the boards will be at LEAST $1,000 a board, so that is $7k.

So applying above 5 coupons to 5 upgrade boards ....$1,400 toss in the $750 compensation and the = $2,150

$7,000
-  2150
----------
$4850 for all 7 boards (filling up this 'fantasy..guess" post here)

or
would be $692.86 a board with shipping

Anyway, not sure that is feasible Jan 1st, 2019 in that about that time BITMAIN or someone will have probably already made a miner with the Siacoin Fork

info...and again..beats sia-tech to the punch....

anyway, what I get pondering...assuming stuff above

Note sure if this would be worth the risk in that by Jan 1st 2019 with these miner numbers...Bitmain or other will have made a miner that also does

this forked siacoin...I'd almost bet on it. So again, may be too little too late. (unless they can multifork off these asic's whenever threatened?)

but bitmain will sell its siacoin stash (if it bothered) here ASAP, and or they or others will push a unit out by Jan 2019.

The mining just looks 'too good' not to attract a lot of 'newbies' on a bitmain or other miner before they cut and run leaving the newbie under water

and what the hell else are thes asic makers gonna make for miners huh? The have people to employ and stuff to make.

Such another miner of siatech's vision could be a quick and dirty way to make a fast buck....while other crypto miners don't look so hot to make ROI wise.

we will see the above is my guessing and pondering

brad

quote of 2017 was when you referred to them as Bitmain Toaster producer lol

yeah...its all fun and games till Bitmain releases any Siacoin it is holding....and dumps it all in spite......bet on it

Bitmain: evil is as evil does (tm Bitmain)

Here's my review and compilation of research on the obelisk sc1 (batch 1 and batch 2+ research)

https://www.youtube.com/watch?v=WsfnsChedDY

well for 2 months as doorstops they 5 sc1's seem to have rebounded at

$300 a day since the fork

we will see how long this lasts or bitmain dumps its siacoin in revenge

FYI

brad

bump

Got a 2nd email from them..with the same tracking number and date as the 1st email...so someone messed up..today so no clue if a 2nd doorstop is in the mail or not?

but yeah, unless I want to lose 75c a day..they are not worth running indeed....500mh at 500 watts and no interface to overclock or under volt these...and the 3rd

board taken out (empty) that would give you the original 800gh...games are being played...I'll bet they plan to just overclock the hell out of those 2 boards, which

I'd rather not do...but if the interface stays the same we will have no way to change anything (from what my buddy said testing mine at the data hall the other day

before going back in its handy/dandy cardboard box for ease of doorstop use)

FML

brad

I ordered mine during week 1, still haven't got it. Interesting you have yours but yeah I wasn't planning on running it unless a fork occurs or the market miraculously rebounds.

Meanwhile, not working network that makes sense to invest $$ equipment wise for HD's and participate. No Siacoin network fork. But hey, I got my Obelisk SC-1 ASIC doorstop,

day 9, still in the box, unopened. No reason to run it at a $1 a day loss over electric. (but who's counting, days, right?) sob! (live and learn)


a buddy did turn it on to see if they work at the data hall....not impressed..no way to set settings the watts are correct (500w) but it only mines

at 500gh, not the 800gh they said originally...worse yet, no way to do any settings ..it is all locked in..thus can't overclock or underclock ...or anything

you plug it in and it runs as it runs...luck of the draw...

so again, this is day 8  (back in the box/off) just thought folk would like to know what is what...

by the by ..at the 'supposed' 550gh they can do with 2 boards...IF they simply would have shipped 3 boards to a miner (one slot is empty) they would make

the approx 800gh they stated (at probably around 750 watts) ..but still..instead they seemed to go the 'cheap' route and pulled a board..charged us the same price

and said they would make a firmware fix to get to 800mh..whatcha wanna bet..they are simply gonna overclock the hell out of the 2 boards.

now, that really would suck, if you CAN'T MODIFY THE SETTINGS IN ANY MANNER...maybe your piece of crap obelisk CAN'T mine in overclocked mode

on 2 boards when they make the firmware/software mods ..supposedly...

myself, if the settings are locked... I'm simply going to make them 3 board units .....with what I've seen so far ..that would leave me with 3 units vs 5 units..

in that at this rate I imagine one board will be sh*t anyway..if not then I'll have a 1 board unit...but again...not impressed at all

brad

(again, back in the box/off 9 days since arrival...in doorstop mode)

phishing link

this is likely true, however...they are kinda stuck..if they DO want to run a decentralized network for anonymous cloud storage at 10c

to $1 non-anonymous cloud storage, that Amazon plugs, well, they really have no choice (again, this is confusing, but IMHO).

My reasoning goes like this, people have been mining siacoin, the price has collapsed, the difficulty is high, thus, NO ONE will go

back to GPU mining, and even the current blake2b miners, if they can't make even electric in a month or so ...well, no more network.

(remember at these prices, even bitmain units are not worth running anymore)

So, do they watch the whole project fold, because they screwed up and the coin/token they want to use to run their 'supposed secure

ASIC network, for the decentralized and anonymous cloud storage solution. With, soon, no ASIC miner being worth, of any brand, running

this coin...they are stuck.

Thus the fork reboot, from their point of view, they have now limited the ASIC's to theirs (which they intended in the first place), the price

of the coin as such (the new forked coin/token) would now be dependent on their decentralized anonymous cloud storage solution working

no longer just priced by 'scarcity' in the GPU days, etc....and they can continue the project with some control.

IF Siacoin was simply, mined and pumped, due to 'scarcity' without this network involved...well...it was and continues to be just a

speculative coin due to price and scarcity. They will not be able to do this with their new forked token/coin..it will have to be based under

this setup, on the success of the vision of cloud storage they have. That may not work, worth a lick either. But to be truthful, the days of

siacoin amounting to anything for use vs the speculative price it still is now, well that boat was sinking anyway.

So, fair or not ...it is Sia-Tech's attempt to salvage their original vision of a network with their machines for their cloud storage solution.

Indeed, both mining versions may just be 'mining air', so to speak.

I DO have 5 obelisk's coming and of course see this as the ONLY solution for at least the POTENTIAL for my Obelisk Sc-1's, not to be

immediate doorstops. But again, Moreno is forking to get away from Bitmain ASIC's...this is just more of the same. A way to control

their siacoin network for their cloud miner vision. But anyway, IMHO, if they do the fork, on a hope, because as I see it, Siacoin was doomed

even before the price dump. With no way to use it for the siacoin network in its present form...it was just a matter of time.

So one of 3 outcomes

1) fork kills siacoin in use/price and as a coin, to dismal fading away. Their forked coin/token with its intended use survives/thrives.

2) fork just splits the pain between both coins..which struggle...but Sia-Tech gets a half-assed attempt out of their cloud vision in use.

3) both forked coins fail from the fork...weaken each other...all comes to naught

slim odds, no matter how you look at it. May very well be 'too little, too late'

then again, I find the whole thing befuddling as hell, so we will see

I can't even figure out if my first 5 Obelisk's were in the 1st batch or not? I know I got the 1st one, the first week, for a better coupon,

but have no idea, how the batches were set up. I think I paid the same for all, so maybe my stuff is in the 1st batch?

So about the only thing I have going as a conclusion now is I probably will get $90 and may get $450 back (peanuts) on this email.

anyway, as they say, we will be the first to know, chump or champ ..it is always chump or champ

brad

I agree with your point of view. Here situation is clear: a SIA founder would like to save his investment in Obelisk. Don't care about the community but only about his own ass.
Comparison with Monero's fork has no value here. Monero's team announced the fork before the Bitmain's ASICs hit the market.
And the most funny is that Bitmain A3 is now the least efficient Blake2B ASIC. To fight against a paperweight... let me laugh

I love when this thread gets bumped, I always laugh when I read the subject of this thread.  If SIA forks it will be absolute proof that they want to centralize this for their own greed.  There are 5 ASIC manufacturers that have an ASIC miner out for SIA (6 if you count Obelisk).  Thats about 3 more options than if you were GPU mining.  And in fact the Baikal BK-B costs $400, and the A3 is available for $157, cheaper than a GPU.  The FUD about Bitmain gets old after awhile.  Maybe there were some valid points when Bitmain suddenly released the only asic miner  but that is not the current environment.

https://www.coindesk.com/coders-renew-efforts-to-fork-mining-giant-bitmain-off-siacoin-blockchain/amp/?__twitter_impression=true

from what I understand from the above muddled cluster of info (unsure) but it looks to me like if they FORK that is what would be used on the token network for the

decentralized storage asic method...the siacoin as NON forked would exist as it is now....(do I have that right?)

bitmain stuff is already out of the running on this...and won't be able to 'supposedly?' do the new algo coin, as it is a non obelisk device...

anyway...is the above correct? double check me if you could and comment below..but i think that is a rough idea on how this pig might fly

brad