Topic: First Asic for SIA - Obelisk SC1 - page 13. (Read 29240 times)

Wow this is great. What this SIA ASIC actually means to me:

OBELISK ASIC = 3 MONTHS ROI = PROFIT $$$

However, with more of the coin will in circulation, what impact will this have on SIA price?

the only thing ... that worry me about this is they are using 28nm chip as what i know s9 antminer is using 16or 18nm chip ..
and what samsung phone on s7 are using 10nm chip this is what i read few month ago .. so i stop buying antminer is when i know new chip in production
so what worry me is when all this S11 of antminer using those 10nm chip for next gen miner ... then those extra 16 or 18nm chip will take place to replace
sia asic miner ... and if u say is 3 month later or 5 maybe .. i will still take the risk from now till june is about 10 month anything can happen ...

10 month ago or so is where s9 antminer replace S7 antminer so ... matter of time ..


just my 2 cent of view and what i read when i want to buy antminer back then


yvmen

Also if Bitmain was to show an interest (or be perceived as doing such), it would be likely imho that someone or many someones would develop MORE blake2b coins (assuming
this is possible..for all I know blake2b is ONLY siacoin ..thus the b tag)

that would open things up quite a bit imho...and make these miners more likely to mine something, even after say difficulty on siacoin proper may be too hard

anyway, this is all speculation ...

the way to look at these units is the way venture capitalists look at investing VC money..if the odds are about 50/50 or better...you jump in......(if over 50/50 everyone would be in already)
and you HOPE it hits (say 1 out of 3 chance) ...if it hits you are golden... if not..you lose it all.

Thus on anything like this 1 year in advance timeline...give them what money YOU CAN AFFORD TO LOSE on this speculative gamble...and mentally think of a nice campfire and toss all that money in...and walk away....

If it works you are surprised...if not ...well.....folks like us get few VC opportunities of any note to learn about....so at least you can say you 'man'd up' and lost on a VC gamble

Again, even if the devs intentions are good....and they are honest etc...this whole thing could still go 'pear shaped' at any time...be aware..

(crypto always drama)

Couldn't have said it better myself...

The only thing I'd add is that IF the day ever comes when Bitmain produces Blake2b ASICs... then nobody would be happier than first generation Obelisk customers. How does that make any sense?

Well, if Bitmain decides that SiaCoin Asics are worth persuing, then the price of Sia would already be so high, and SiaCoin mining would be so profitable, that first generation Obelisk customers would have already made a pretty satoshi...

That's basically what happened with Litecoin and Dash.

The struggle of the obelisk sale is the price and the time to wait for shipment. Bitmain could easily bring something out in 4 not 9+ months and far cheaper. If these obelisks were sold at 1500$ instead of 2500 or shipped by xmas then theyd be sold out by now. Dash was just another alt to them too. Sia will have huge value if its the first coin of its kind to obtain an asic to secure its network. Its definately pumpable as history has shown. Its not likely this will happen before the obelisk ships, but after that its more likely to happen if sia succeeds.

I dont think they will as SIA is just another ALT for them with almost zero value and Also by looking at the struggle for sale of Obelisk would have put off any company thinking about the same. They are not really intrested in Technology behind a coin, all they need is your $$$ and I dont think SIA will cut it for them.

Look at what bitmain did to ibelink, baikal and innosilicon with the dash miners. Bitmain will ruin these companies with the d3, and noone thought bitmain would pursue x11, what if they pursue blake2b? Be very weary...

Great article in the Boston Globe about Siacoin and their development team.

Tldr: 10x ferraris to the moon

https://www.bostonglobe.com/business/2017/08/07/sia/sUZ0p3EEAsgVuL2aGCeqEJ/story.html

Count went up from 1350/4000 to 1450/4000.
https://obelisk.tech/index.html

Holy crap.  I ordered two of these the day they went on sale for preorder.  We early buyers are getting a freaking sweet deal, and I know find out Wolf0 is on the case.  Really glad i made that call now.  Obelisk, keep on keeping on sirs! Wolf0, you da real MVP.

Just copied it from a reddit post of a team member I believe.


https://www.reddit.com/r/siacoin/comments/6j1gyg/obelisks_sia_asics_full_details/

I dunno man.. All of this sounds very nebulous to me...

couldn't help myself. Great work and a good roadmap. Are you an official representative or just some rando?

Obelisk is the company that will be producing these chips.

Obelisk is a fully owned subsidiary of Nebulous Inc.

Nebulous is the company that employs all of the Sia core developers.

Obelisk has plans for growth in the future. None of these plans are finalized as we are primarily focusing on shipping this miner, but potential future products include:

A 16nm or 14nm ASIC for Sia

A mining card costing under $1000 that you can put into a GPU slot

ASICs for other PoW cryptocurrencies

I don't know man... They replied to my email. And I wasn't even the most enthusiastic potential customer. I said I might have money for one in September. So not really like they replied to me just because I was a big fish. I'm sure they have their hands full, or perhaps some are on vacation. Sometimes we forget people are people. They need their rest.

Are you sure your numbers are correct?

Makes me wonder... any thoughts on what happens if Siacoins get a 200% or 400% upsurge in price. Does that influence anything do you think?

As the Team already stated the asics will deliver at least 250 Gh. That makes a total of 1000 Th if all 4000 are Sold.
It is very likely GPU Mining will be useless because of brutal difficulty increase. So most of them will step out and dualmine something else.

So we will have almost all Hashingpower done by these 4000 Obelisks. At least for the first six weeks. In this time you will very likely get 1/4000 of every Blockreward.
That makes a total of round about  225,000 SC.

so assuming all 4k units are sold. the current 350Th will be increased by additional 400Th which means one can expect half the amount of coins, so instead of 150000 coins you gonna get 75000 and at current price is around 600usd per month. making it 5months to ROI hmmm...

I'm wanting to get in too, thinking of getting 5 but don't see any big reason to hurry right now.

i have been contemplating buying 1-2 of these since the thread started, but this lack of information is really scary.

i don't know if they are really busy developing this thing or they so sure that they can sell the whole patch with no communication effort or what.

I want to start a campaign to get team Obelisk to recognize this forum thread. I mean, there are existing customers here looking to buy additional units (myself included)... potensial customers consideeing their first purchase. If Sia's dev team wants to reach their market, they could do a lot worse.

I've contacted their facebook page, slack account etc, but so far nothin'. Any ideas?

Good to know . Thanks , plan to buy two, but maybe wait until end of the year