First Asic for SIA - Obelisk SC1 - page 19.

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: Metroid on July 11, 2017, 05:02:18 AM

lol, so much fun, now you trolls probably will all want refund hehe, if you dont play long then bye bye and by the way as siacoin will be asic only which means, investors will probably never pump this ever again, see, in the end siacoin devs wanted to be greedy and they got burnt hehe

I don't really care one way or another for refund...it serves me better to get equip this year and take the IRS equip deduction and take the revenue next year

just saying a reboot on design to allow more alts to EVENTUALLY be made with their miner using this protocol....might be wise

they'd likely get more $$$ from ASIC miner folk ..and likely these other devs making such coin would not effect the attempts

of why siacoin is made and to be used...

just saying..(of course I know zip at one time I drank the BFL Kool-Aid...so just tossing it out there as an option ..ie reboot for a couple months)

brad

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: Eyedol-X on July 11, 2017, 05:17:03 AM

Everything in the market is down right now, I'm not investing into SIA because I believe i will see short term gains.

I don't want a refund. I want the pre-order to move forward and hit that 2000 unit mark, looks like they are up to 1240 units.

With the current siacoin price in mind now, its looking an impossible mission, siacoin devs need an assistance from Ethan Hunt and the imf people hehe

Eyedol-X

hero member

Activity: 952

Merit: 508

Everything in the market is down right now, I'm not investing into SIA because I believe i will see short term gains.

I don't want a refund. I want the pre-order to move forward and hit that 2000 unit mark, looks like they are up to 1240 units.

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

lol, so much fun, now you trolls probably will all want refund hehe, if you dont play long then bye bye and by the way as siacoin will be asic only which means, investors will probably never pump this ever again, see, in the end siacoin devs wanted to be greedy and they got burnt hehe

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: Longsnowsm on July 10, 2017, 09:59:22 AM

If their time frame weren't a year out on the Obelisk miner they would have the kind of interest they were hoping for. It is just way too much lead time to get people willing to throw a lot of money at this. They would have the interest and the funding for this if the runway were shorter. People are looking, but with good reason they are holding back.

Yeah...now that they have everyones attention they could re-consider all this miner stuff for now..punt it into 2017 w/ new miner

Well they could refund ...thus refunding would further prove they are legit and help their cause and coin project

refunding ..folks $$$ now for the oblisk and instead get their house in order. Then if they do fund a miner..fund it not as a seacoin pet project
but as a blake2 protocol (I think it is) and seacoin miner....asic miner first on that protocol......a way to move siacoin 2nd

other devs would have options to make blake2 protocol coins (again I think that is the protocol) expand the universe

is seacoins on the blake2 protocol ..are being sold for fund/support the open cloud project on storage...well the other coins would not effect

their efforts that much imho anyway....likely it would expand the interest in their efforts and hardware

but a refund and a miner in the blake2 protocol might be a way to punt and hedge w/o losing their momentum BEFORE they cash out the $$$ for chips etc

and miners

can't always climb the mountain on the first route choice

my 2c worth

Longsnowsm

hero member

Activity: 868

Merit: 517

If their time frame weren't a year out on the Obelisk miner they would have the kind of interest they were hoping for. It is just way too much lead time to get people willing to throw a lot of money at this. They would have the interest and the funding for this if the runway were shorter. People are looking, but with good reason they are holding back.

Eyedol-X

hero member

Activity: 952

Merit: 508

In regards to the reddit post -- He's just "thinking out loud"... While I appreciate the honesty I don't think he realizes how those thoughts could be construed by the public as evidenced by some of the above remarks.

The bottom line regarding that post is they'd be stupid because of the regulatory crap that goes along with such a venture, they'd also put themselves in a situation where cases of fraud could be brought against them. I'm sure if he spoke to a lawyer about this "idea" he would be told not to do it.

IMO the point of his post is they are trying to figure out ways to fund expanded development of SIA and he's considered even that scenario but as he indicated it doesn't make a whole lot of sense because of the risk.

Also I haven't read the entire thread where that quote came from but that quote is probably being taken out of context by someone wanting to get points on Reddit.

Lastly, I believe this isn't the first time the concept of a coin development being funded by coin sales by the devs.

Example:

Quote

The Zcash Foundation is funded by the blockchain itself. A portion of the Zcash Founders' Reward have been donated to the Foundation. These coins will be distributed incrementally over the next 3 and ⅔ years, until November 2021. The total amount donated is 273,000 ⓩ coins. At today's price ($49/ZEC) that would be worth more than $13 million!

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

This seems to be another scam, well it cant be helped, right now people have much more money than sense, they just want to throw their money somewhere for the sake of throwing it. They want to get scammed!!!

Longsnowsm

hero member

Activity: 868

Merit: 517

That doesn't look good... Thinking out loud like this really doesn't inspire much confidence for investors, miners, etc. Sounds to me like the DEV's need to get some miners up and running before hand and mining a little to help fund their cause before releasing them to the public and make sure they keep some miners running to fund their efforts.

At least disclose the plan so that people know the specifics. I am sure that would make a bunch of people mad too, but if the DEV's aren't being funded at this point they need to do something that isn't going to shake peoples confidence and people just go elsewhere. If they start "forking" around and I know I am not going to spend any more time messing with SC.

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: Eyedol-X on July 09, 2017, 02:28:33 PM

Quote from: FarmerOak on July 09, 2017, 10:02:41 AM

Quote from: CjMapope on July 08, 2017, 10:57:51 PM

Quote from: snowyNNN on July 07, 2017, 08:04:57 PM

"We still plan to ship by June 2018 at the latest" !

So one has to wait a year for this miner possibly ?

yupp, and people who paid for a minebox (their last money grab) months ago are still getting the run around, months behind their last "latest by" delivery and nothing but promises made for their future...

but hey thats how robbing paul to deliver peter's machines works right? Cheesy

and yet people buy....

crypto is funny ahha

Is minerbox connected with the SIA team? I was under the impression that they are not affiliated

Minebox is not connected directly to SIA as far as I know but they do have a partnership with HP Enterprise.

The site seems to show otherwise. That it is a big deal with the partnership with HP.

The other point mentioned by folk, I've heard on these SC ASIC machines being promoted more as SC coin machines, rather the the asic angle for home miners
getting back into crypto ...also has some merit.....imho should be more noise than I've seen on this. With as many folk like me just dying to mine something
other then bitmain machines (ltc or btc) ....

hey ..I"m bent and taking a 'flyer/chance' on these guys....what the heck it is ONLY money right? (we are all in this for the future of money for humanity right?)

edit: well things are looking a bit chaotic to say the least.

https://www.reddit.com/r/siacoin/comments/6m872o/utaek42_casually_mentions_that_they_are/

Eyedol-X

hero member

Activity: 952

Merit: 508

Quote from: FarmerOak on July 09, 2017, 10:02:41 AM

Quote from: CjMapope on July 08, 2017, 10:57:51 PM

Quote from: snowyNNN on July 07, 2017, 08:04:57 PM

"We still plan to ship by June 2018 at the latest" !

So one has to wait a year for this miner possibly ?

yupp, and people who paid for a minebox (their last money grab) months ago are still getting the run around, months behind their last "latest by" delivery and nothing but promises made for their future...

but hey thats how robbing paul to deliver peter's machines works right? Cheesy

and yet people buy....

crypto is funny ahha

Is minerbox connected with the SIA team? I was under the impression that they are not affiliated

Minebox is not connected directly to SIA as far as I know but they do have a partnership with HP Enterprise.

CjMapope

legendary

Activity: 1820

Merit: 1092

~Full-Time Minter since 2016~

Quote from: Marvell1 on July 09, 2017, 12:21:14 AM

Quote from: CjMapope on July 08, 2017, 10:57:51 PM

Quote from: snowyNNN on July 07, 2017, 08:04:57 PM

"We still plan to ship by June 2018 at the latest" !

So one has to wait a year for this miner possibly ?

yupp, and people who paid for a minebox (their last money grab) months ago are still getting the run around, months behind their last "latest by" delivery and nothing but promises made for their future...

but hey thats how robbing paul to deliver peter's machines works right? Cheesy

and yet people buy....

crypto is funny ahha

cant wait to revist this next year

in 12 months there will be tears. whether they will be of joy or sadness will yet to be seen till then tho Cheesy

i also expect another gen b4 this first gen are delivered, hopefully im wrong tho

edit: i wanted to say a it more in this post of how i think its going/gonna go down . then in 12 months i can come back and see hehe

-You don't call something "Sc1" unless you hav already planned a "Sc2" and more
-they didnt have the cash or rep to get a good spot in a foundry to get better chips, so 28nm it is.
-they will sell the 28nm Sc1's to raise money for the Sc2 (prob 16nm) "Sc2's"
-Sc2 will announce in 8 months Cheesy

idk, this just didnt fit me personally, if i paid for a previous product and 2 months after initial "delivery date" still had NOTHING in my hands, i could NEVER personally give the same people more money for another "product"(i use quotations as these things dont actually exist YET), but hey thats just me ;p

FarmerOak

full member

Activity: 231

Merit: 100

Quote from: CjMapope on July 08, 2017, 10:57:51 PM

Quote from: snowyNNN on July 07, 2017, 08:04:57 PM

"We still plan to ship by June 2018 at the latest" !

So one has to wait a year for this miner possibly ?

yupp, and people who paid for a minebox (their last money grab) months ago are still getting the run around, months behind their last "latest by" delivery and nothing but promises made for their future...

but hey thats how robbing paul to deliver peter's machines works right? Cheesy

and yet people buy....

crypto is funny ahha

Is minerbox connected with the SIA team? I was under the impression that they are not affiliated

superskillz

full member

Activity: 122

Merit: 100

Quote

I pre-ordered the minebox and I am not getting the run around -- I just got an e-mail from them last week.

Good to hear. I hope minebox is great. Let us know once you get started!

Eyedol-X

hero member

Activity: 952

Merit: 508

Quote from: CjMapope on July 08, 2017, 10:57:51 PM

Quote from: snowyNNN on July 07, 2017, 08:04:57 PM

"We still plan to ship by June 2018 at the latest" !

So one has to wait a year for this miner possibly ?

yupp, and people who paid for a minebox (their last money grab) months ago are still getting the run around, months behind their last "latest by" delivery and nothing but promises made for their future...

but hey thats how robbing paul to deliver peter's machines works right? Cheesy

and yet people buy....

crypto is funny ahha

I pre-ordered the minebox and I am not getting the run around -- I just got an e-mail from them last week.

Marvell1

legendary

Activity: 2408

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: CjMapope on July 08, 2017, 10:57:51 PM

Quote from: snowyNNN on July 07, 2017, 08:04:57 PM

"We still plan to ship by June 2018 at the latest" !

So one has to wait a year for this miner possibly ?

yupp, and people who paid for a minebox (their last money grab) months ago are still getting the run around, months behind their last "latest by" delivery and nothing but promises made for their future...

but hey thats how robbing paul to deliver peter's machines works right? Cheesy

and yet people buy....

crypto is funny ahha

cant wait to revist this next year

CjMapope

legendary

Activity: 1820

Merit: 1092

~Full-Time Minter since 2016~

Quote from: snowyNNN on July 07, 2017, 08:04:57 PM

"We still plan to ship by June 2018 at the latest" !

So one has to wait a year for this miner possibly ?

yupp, and people who paid for a minebox (their last money grab) months ago are still getting the run around, months behind their last "latest by" delivery and nothing but promises made for their future...

but hey thats how robbing paul to deliver peter's machines works right? Cheesy

and yet people buy....

crypto is funny ahha

superskillz

full member

Activity: 122

Merit: 100

Quote from: FarmerOak on July 08, 2017, 07:13:28 PM

I preordered in the first week, but plan to pay tomorrow. Do I still honor the BTC quote in the email, or should I recalculate based on the price at the time?

I recommend re-calculating as they said they would refund any difference greater than 5%. Might as well just do the calculation yourself.

FarmerOak

full member

Activity: 231

Merit: 100

I preordered in the first week, but plan to pay tomorrow. Do I still honor the BTC quote in the email, or should I recalculate based on the price at the time?

superskillz

full member

Activity: 122

Merit: 100

Quote from: darval on July 08, 2017, 05:49:22 AM

I think they (Nebulous Labs) were very surprised by the low volume of actual sales they had. There are probably a myriad of reasons from focussing on the wrong market (they were marketing to SIA users rather than miners) to the long lead time and the overall current slide in the crypto market.

Personally I invested in SC last year and with the increase (before the current slide) I was able to pull out enough capital to expand my BTC miner pool, my GPU pool and buy Obelisks. All while still holding about 1/2 my original investment in SC. I will let the haters hate and take my increased income from my Sia involvement and enjoy.

I agree that marketing to miners is key. There is still an opportunity there. Congrats on the wins -- hoping to mine some Sia with you when the first orders arrive!

Topic: First Asic for SIA - Obelisk SC1 - page 19. (Read 29250 times)