I send them a mail about worrying that the asics would run out and I'm still waiting for the next bull run so i can afford this...
And one of them replied that they are currently at around 1400 units so unless there's a big batch bought i shouldn't worry.
Just an fyi.
Topic: First Asic for SIA - Obelisk SC1 - page 14. (Read 29240 times)
took a look and i cant see how this is a serious push for an ASIC.
shipping before June 2018? lol you can make more money by just putting the ASIC cost into SIA coin and just holding it, or trading it on and off.
If the machines were 1-3 months out, ok. 1 year out preorder? no way.
shipping before June 2018? lol you can make more money by just putting the ASIC cost into SIA coin and just holding it, or trading it on and off.
If the machines were 1-3 months out, ok. 1 year out preorder? no way.
It's pure speculation. I got 2 on order, due to I need equip deprec this year
I can give 50% in taxes on mining income this year. Or get 100% equip deduction
On all my income with equip. With the 25% in real money back on taxes I know I
Can't cover with equip this year, it is a 25% more gamble to get proper equip, than
just handing 50% over in all taxes on mining income. Think 'hamster wheel'.
Only reason I'm considering more than the original 2 ordered
took a look and i cant see how this is a serious push for an ASIC.
shipping before June 2018? lol you can make more money by just putting the ASIC cost into SIA coin and just holding it, or trading it on and off.
If the machines were 1-3 months out, ok. 1 year out preorder? no way.
shipping before June 2018? lol you can make more money by just putting the ASIC cost into SIA coin and just holding it, or trading it on and off.
If the machines were 1-3 months out, ok. 1 year out preorder? no way.
Well another angle is this to bleed some $$$ (and at least get some nas hd's etc out of it)
Has anyone MADE one of their ..whatever they are called hosting nodes with NAS hd's etc?
I could do that see if it even pays to pursue this whole asic miner
If that backbone decentralized storage does not hold water in tossing together a unit with the software
then perhaps this is all a pipe dream....I don't expect to make any money..but would be nice to see if
the damn thing works in the manner at this time they say it does
At least I could burn some hardware $$ that way..see if that gave me some confidence in their vision
right now it is like asic mushroom farming in the basement...it smells like S*it.....but I am in the
dark and don't know enough about mushroom farming to tell how it works and hangs together
maybe need to get my hands dirty on such a box (and it bleeds $$$ out of my need for equip this year
with little risk...at least I'd have a crap load of Hd's for like forever )
I think they are just lagging on the page, people on reddit saying they ordered theirs as recently as yesterday.
I just have issues sending $$$ to people who don't bother to market...its a business...I don't care if you sell
hot dogs on the street...you have to have SOME communication on your product..this is silly, the lack of any info
on main page etc .it is PR 101 for crying out loud.
If they can't do that, it makes a guy wonder if they will "flub' the asic mnfg process and I won't even get a doorstop.
I agree but from what they outlined on Reddit, its only 3 of them all together working on SIA and one of their devs is pulling double duty managing the site. They talked about hiring someone to do it but my guess is that idea didn't pan out because SIA has corrected back to where it was before the bubble.
I think the gap here is "where" they are communicating... because from what I can tell it's all over on Reddit which is buried in threading system used (makes it hard to find)
I remember that they said no Sia core dev member involved in ASIC development, then where is the ASIC team?
I think they are just lagging on the page, people on reddit saying they ordered theirs as recently as yesterday.
I just have issues sending $$$ to people who don't bother to market...its a business...I don't care if you sell
hot dogs on the street...you have to have SOME communication on your product..this is silly, the lack of any info
on main page etc .it is PR 101 for crying out loud.
If they can't do that, it makes a guy wonder if they will "flub' the asic mnfg process and I won't even get a doorstop.
I agree but from what they outlined on Reddit, its only 3 of them all together working on SIA and one of their devs is pulling double duty managing the site. They talked about hiring someone to do it but my guess is that idea didn't pan out because SIA has corrected back to where it was before the bubble.
I think the gap here is "where" they are communicating... because from what I can tell it's all over on Reddit which is buried in threading system used (makes it hard to find)
I think they are just lagging on the page, people on reddit saying they ordered theirs as recently as yesterday.
I just have issues sending $$$ to people who don't bother to market...its a business...I don't care if you sell
hot dogs on the street...you have to have SOME communication on your product..this is silly, the lack of any info
on main page etc .it is PR 101 for crying out loud.
If they can't do that, it makes a guy wonder if they will "flub' the asic mnfg process and I won't even get a doorstop.
Agree with you ...
More reliable information would be nice, not sure about this, but if i remember right, they speak about push up the specs of the SC1 miner.
Is not even modified on the web page ...
I think they are just lagging on the page, people on reddit saying they ordered theirs as recently as yesterday.
I just have issues sending $$$ to people who don't bother to market...its a business...I don't care if you sell
hot dogs on the street...you have to have SOME communication on your product..this is silly, the lack of any info
on main page etc .it is PR 101 for crying out loud.
If they can't do that, it makes a guy wonder if they will "flub' the asic mnfg process and I won't even get a doorstop.
I think they are just lagging on the page, people on reddit saying they ordered theirs as recently as yesterday.
I'm consulting on the ASIC design here - it's currently in progress.
Welcome to the thread.
Is there anything you can share regarding the progress of this ASIC is it on schedule? Isthe 250 GH rate speculation, or based on something more concrete? Is development in line with the original schedule.
Any insight you can share would be greaty appreciated...
It's a (if I'm honest) really conservative estimate based on simulations done for the initial design.
I actually dunno - I'm just hired to basically consult on the design work (and I actually just gave them a whole new design that should literally clock twice as high at the initial one they presented) and shit like that. I'm freelance, so honestly, what I know about the projected timeline on actual delivery is about as much as you.
Anyone from Siacoin listening to this thread? You want to sell more ASIC's give me a reason to 'drink more of the kool-aid" (I already have TWO on order)
I mean ..update your product count on your page it has been 1350 or whatever for a month...
post some 'naked ASIC chip pictures" If you don't have any yet show me a 'naked case' or a 'line drawing' or something
Looking for a reason to go 'stupid' and buy more ..but not seeing any real reason to do so...
looking for pre-order abuse..er I mean reasons to pre-order more of this beast...but getting discouraged.....
(I needs some equip depreciation in mass quanities)
I mean ..update your product count on your page it has been 1350 or whatever for a month...
post some 'naked ASIC chip pictures" If you don't have any yet show me a 'naked case' or a 'line drawing' or something
Looking for a reason to go 'stupid' and buy more ..but not seeing any real reason to do so...
looking for pre-order abuse..er I mean reasons to pre-order more of this beast...but getting discouraged.....
(I needs some equip depreciation in mass quanities)
In fact, more so than worrying about other Asic companies coming to market with competing hardware designed for the Blake 2b algorithm, I'm much more concerned about OBELISK quickly releasing upgraded hardware.
While it's true that:
1) Obelisk has provided a coupon to first batch SC1 buyers, valid for any future Obelisk product.
And
2) they've promised 6 weeks of exclusivity to anybody who buys a first batch SC1. In other words there will be 4,000 SiaCoin Asics mining for those first 6 weeks, and no more... AFTER that, is anybody's guess.
6 weeks is a very short and long period of time in crypto mining. The greedy side of me, the side willing to take risks for huge windfalls, would of course like a longer exclusive period. AND it would seem (to a lamen such as myself) that with the struggle to sell 4,000 of them, that a longer exclusive period would be an easy thing to offer. They may be forced to offer a longer exclusive period, whether they want it or not... so I say, might as well offer it by choice...
But i've never financed, designed, produced, and released an asic before... so what do I know?
While it's true that:
1) Obelisk has provided a coupon to first batch SC1 buyers, valid for any future Obelisk product.
And
2) they've promised 6 weeks of exclusivity to anybody who buys a first batch SC1. In other words there will be 4,000 SiaCoin Asics mining for those first 6 weeks, and no more... AFTER that, is anybody's guess.
6 weeks is a very short and long period of time in crypto mining. The greedy side of me, the side willing to take risks for huge windfalls, would of course like a longer exclusive period. AND it would seem (to a lamen such as myself) that with the struggle to sell 4,000 of them, that a longer exclusive period would be an easy thing to offer. They may be forced to offer a longer exclusive period, whether they want it or not... so I say, might as well offer it by choice...
But i've never financed, designed, produced, and released an asic before... so what do I know?
update: it's been 8 days, almost 9 now that the pre order is showing 1350. thats approx 65 orders per day. if no one orders for 8 day straight thats 1/520 or 0.19% chance of it happening lol..
They didn't say they wouldn't make it if the target ain't reached...
250 GH/s would be pretty sick.. should just take take risk and order it. I'm just bit worried that bigger asic developers like Bitmain will announce their SIA ASIC in 2 months, same speed/price and delivery is in January lol
I seriously doubt SIA is on Bitmain's radar just yet. That all could change quickly however if the price surges. It wasn't until Dash caught fire that anyone was taking it very seriously. The small guys who managed to build an X11 miner and those who bought them when it didn't make a lot of sense financially came out in a pretty good place. But you had to be willing to go against the grain a bit to have that happen for you.
By the time people figure out something is a good idea it is too late. The big move in price, performance, availability is gone. So I think people just need to think in those terms.
The Obelisk is a an against the grain kind of move. It may be a flop, it may not happen, or it may be a huge windfall for those who took the risk and locked in these miners. Once people finally decide it is a good idea you won't be able to find these things as they won't be able to produce them or produce them fast enough.
I haven't bought one yet, but I hope to scrape up some cash to at least get one. I will probably wish I had bought as many as I could get my hands on.
Right, anybody who mined / stacked litecoin or Dash with first generation asics made out VERY well, no matter how many new / competing models came after.
In this case, I don't see another Asic company swooping in with a better Sia asic anytime soon. The Obelisk team launched it to secure the network and increase the value of the coin. But they're struggling to sell a batch of 4000, so I don't think other companies will spend the time/money until this one is proven successful.
In fact, I'll go out on a limb and say that (imho) a different ASIC company launching a competing model would be a good thing (for SC1 prebuyers)...Or at least symptomatic of lucrative returns...
It would mean that the profitability of THIS SC1 model was so high that other companies want in on the act. By the time that happens, Obelisk SC1 buyers wouldve already made a pretty satoshi...
250 GH/s would be pretty sick.. should just take take risk and order it. I'm just bit worried that bigger asic developers like Bitmain will announce their SIA ASIC in 2 months, same speed/price and delivery is in January lol
I seriously doubt SIA is on Bitmain's radar just yet. That all could change quickly however if the price surges. It wasn't until Dash caught fire that anyone was taking it very seriously. The small guys who managed to build an X11 miner and those who bought them when it didn't make a lot of sense financially came out in a pretty good place. But you had to be willing to go against the grain a bit to have that happen for you.
By the time people figure out something is a good idea it is too late. The big move in price, performance, availability is gone. So I think people just need to think in those terms.
The Obelisk is a an against the grain kind of move. It may be a flop, it may not happen, or it may be a huge windfall for those who took the risk and locked in these miners. Once people finally decide it is a good idea you won't be able to find these things as they won't be able to produce them or produce them fast enough.
I haven't bought one yet, but I hope to scrape up some cash to at least get one. I will probably wish I had bought as many as I could get my hands on.
Very itriguing. Pretty sick gamble. Do they have a working prototype already or are they still scratching their heads and trying to figure it out ? And if it goes south there is no chance whatsoever of getting your money back ? I mean.. world of crypto is changing pretty fast and 1 year is long time...
The last I heard from their slack / reddit thread is that they were designing the chip, and that the SC1 will be able to do 250 GH /s, instead of the original conservative 100gh/s promised before they opened pre-sale orders. A lot of people made the point that if a couple thousand ASICs are unleashed on the network, it doesn't really matter how powerful they are... they'll just be competing over the same block rewards, but I don't think that's the case. Some GPUs are still likely to mine against superior technology, the way that old scrypt and sha asics continue to mine. This upgrade in hashrate should bring the gpu miners' percentage, as well as discourage competition.
Yes, a year is a long time (tho it is already a month sooner), but the future does happen. I suppose they could butterfly labs the presale buyers, but I don't know. The Obelisk company has the same development team as the coin itself, and they've been pretty active and open, especially compared to most other cryptos.
I suppose we'll see, but if they deliver, It could be a pretty good way to secure a near mining monopoly on an up and coming coin, while the other asic algos get saturated with hardware...
Just my 2 satoshis...
250 GH/s would be pretty sick.. should just take take risk and order it. I'm just bit worried that bigger asic developers like Bitmain will announce their SIA ASIC in 2 months, same speed/price and delivery is in January lol
I'm consulting on the ASIC design here - it's currently in progress.
Welcome to the thread.
Is there anything you can share regarding the progress of this ASIC is it on schedule? Isthe 250 GH rate speculation, or based on something more concrete? Is development in line with the original schedule.
Any insight you can share would be greaty appreciated...
It's a (if I'm honest) really conservative estimate based on simulations done for the initial design.
I'm consulting on the ASIC design here - it's currently in progress.
Welcome to the thread.
Is there anything you can share regarding the progress of this ASIC is it on schedule? Isthe 250 GH rate speculation, or based on something more concrete? Is development in line with the original schedule.
Any insight you can share would be greaty appreciated...
It's a (if I'm honest) really conservative estimate based on simulations done for the initial design.
update: it's been 8 days, almost 9 now that the pre order is showing 1350. thats approx 65 orders per day. if no one orders for 8 day straight thats 1/520 or 0.19% chance of it happening lol..
http://imgur.com/a/iPZMd
http://imgur.com/a/iPZMd
*goes to preorder*
Sees "*orders are estimated to ship by June, 2018."
Me: ...
Sees "*orders are estimated to ship by June, 2018."
Me: ...
Yeah, the delay kinda stinks. However, they said they would target as early as February 2018 -- just not a commitment.
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