Topic: First Asic for SIA - Obelisk SC1 - page 3. (Read 29250 times)

I'm so glad I pulled out of getting a few of these. The plan was for 2, and that was during the bullrun.
I hope for those of you guys that did pull the trigger on the Pre-Order, it works out.

when is yours due?

I think I have one (2nd batch) was supposed to arrive end of August 2018..but that likely will be pushed forward a month or more

At least I did get that 1 decred miner above for COUPONS 5 obelisk sc-1 half off coupons (a whale friend insisted ..thou I tried to talk him out of it..but he

to badly needed equip deductions etc)

So hell, can't beat that 4 coupons, and 1 used by my unit, for $800 bucks off ...

the joke is by the time I get it free or not .it too will likely be a 'doorstop' lol

but anyway, I think mine is batch 2 if I remember the end of August was the shipping date...I know the units were 1600 or so at the time and we JUST beat

the Jan 31st deadline before the next batch..if I remember right

whatever, maybe it will aspire to be (the decred miner) a 'free' space heater! (dare to dream!)

brad

i am waiting for mY DC-1 ( batch 1 ) but i guess it is all the shame bullshit as your sc-1's , think i can't mine even 1 decred , well lesson learned , leave mining to the professionals

Well, being involved with ASIC makers of many flavors since 2013...the following looks like the beginning of a major 'clusterf*ck' IMHO.

The key thing in the below email is that they are still having problems with the firmware. Many mnfg's in the past have had these issues and

they get the equipment out .they make a couple half-assed patches to the firmware and the whole thing devolves into crap.

from below looks like that is a likely path with Sia-Tech

judge for yourself (the email) do you really frigging think that all that will come into play at the timeline they state and the firmware fixes too boot...doubtful


Here is the email below:

We are excited to announce that manufacturing started today! We've already built 1300 control boards, and are starting hashing boards tomorrow morning. All other parts – including fans, heatsinks, power supplies, and enclosures – have arrived at our final assembler.

The only remaining holdups are ASICs and firmware. We've received enough ASICs to build 500 units, and by end of this week, we expect to receive enough to build all Week 1 orders. We are on track to receive the remaining ASICs over the next 2 weeks to build all Batch 1 orders.

Assuming there are no unforeseen challenges, we will begin shipping to customers at the end of this week. We will start by shipping to Week 1 customers, and will then ship to all other Batch, 1 customers.

By tomorrow morning, we will have a few miners fully assembled. We'll share some images and video of a production unit running. We also expect to have hash rate estimates in the next couple days as we complete the firmware.

Thank you so much for your support! Please let us know if you have any questions.
 
Best,
 
- Team Obelisk
Copyright © 2018 Obelisk, Inc. All rights reserved.

You are receiving this email because you signed up for our mailing list or placed an order on our website.
If you wish, you can unsubscribe, but you will no longer receive Obelisk project updates.

Our mailing address is:
67 Batterymarch St, Floor 4
Boston, MA 02110


end quote



So, I guess it does not matter...a Sia-Tech unit at the Average USA price of 12c a kWh gets below on

you will use the following, $2.40 in electric vs .96c per day in profit...for a total monthly profit of $28.80 a month

vs $72.00 in electric per month. Again this is at 12c kWh average USA electric rate.

So, hell, even if as I suspect, Sia-tech gets the miners out and working with bug fixes by the middle of August 2018, it won't matter much.

With the ASIC's basically bumping off ANY reason to merge mine siacoin with GPU's ..it will be a wash. At the above rate, it is not even

worth taking them out of the box. This is the 'interesting' thing about all this, no mention by sia-tech on how these doorstops they are shipping

can even be turned on to 'supposedly' support their 'supposed' decentralized network or storage. I see no hype or anything on them even

promoting this as an alternative to Amazon Cloud and other centralized storage options. IF sia-tech would have 'forked' the coin for only

Obelisk products..it PERHAPS may have made some kind of difference...as it is...I'm afraid they will be firmware fixed by August 15th, 2018

doorstops.

Again my loss was 34% from what I got off vs taxes (federal and state) as well as 25% equip deduction (off taxes owed) all within 1 year.

I had the "illusion' that ...jeez...you'd think I could at least 'mine' 34% of the purchase price as a worse case scenario...

well, that certainly is not the case

brad

p.s. so at a $2,530.20 Price for (1) Obelisk SC-1 at a FLAT difficulty and current siacoin price it would be an 87.85 month ROI

yeah...frigging seems very unlikely to ROI on these huh?

thanks for the link..will file it away....

sent you a pm on some other issues

brad

Minerbox is unaffiliated with the SIA team.  Essentially all it is a proliant microserver:  https://www.hpe.com/us/en/product-catalog/servers/proliant-servers/pip.models.hpe-proliant-microserver-gen10.1009955118.html    With a supposedly modified version of Rockstor: http://rockstor.com/

When I say supposedly modified, I think the only modification is adding the sia wallet and automatically setting it up for you to share storage.

I can't speak for OP but I'll let you take a look at the current pricing and decide for yourself if it looks profitable lol:  https://siastats.info/storage_pricing

My problem is the deafening silence of them with the ASIC's supposedly released next week..

also, the minerbox was late right?

Are you making even enough with the minerbox to cover electric at least? (grasping at straws here)

want to be wrong but:

1) vague email about how hard they are 'trying' to get the Obelisk units out...2 weeks before they come out (sounds like a stall for being late)

2) no INFO on how they plan to compete against Amazon cloud at their 10c to $1 difference in price and centralized vs decentralized sia-tec vision...where is the hype?
    do they expect JUST to turn on the ASIC's and Amazon Cloud just rolls over and dies? No one using this kind of storage in mass every got fired for using Amazon Cloud.
    so how do they get market share with NO noise...(ie deafening silence on this)

3) and of course the fact that current siacoin price it is IFFY if they are even worth turning on...def not worth paying shipping and setup and data hall rates IMHO

whatever, we will be the first to know...I guess

brad

All I want is SIA to stay alive, I bought a couple Obelisks and even a Minebox to support the network.

If SIA can make what they envision work, it's only time before profits can be made.

It's a big IF but I'm happy to wait and see what happens.

Yeah I got a couple coming and see the math as well, part of me secretly hope that SIA forks the network after the obelisk hits (would be a amazingly-well kept secret if they did) or they have massively understated their hashrates to throw off competitors but this would also be an amazingly-well kept secret if they did.

Well, without the Siacoin decentralized network at 10c to $1.00 Amazon Cloud Storage, which is centralized storage, well, not looking good.

A 500gh 800-watt Siacoin Obelisk Sc-1 Blake2b Siacoin unit will make 229.22 Siacoin per day. According to what to mine calculator what to mine (see below) at 800gh and

500 watts and at 14c kWh, that comes out to $1.68 per day in electric and $0.77 per day of profit. This, of course, is today's price, without

all the supposed ASIC's hitting the Siacoin network within (supposedly) the next 2 weeks.

here is the miner calculator from what to mine. (below)

https://whattomine.com/asic?utf8=%E2%9C%93&factor%5Bsha256_hr%5D=14000.0&factor%5Bsha256_p%5D=1370.0&factor%5Bscrypt_hash_rate%5D=1000.0&factor%5Bscrypt_power%5D=1600.0&factor%5Bx11_hr%5D=34000.0&factor%5Bx11_p%5D=2100.0&bk2bf=true&factor%5Bbk2b_hr%5D=800&factor%5Bbk2b_p%5D=500&factor%5Bqk_hr%5D=3300.0&factor%5Bqk_p%5D=120.0&factor%5Bqb_hr%5D=3300.0&factor%5Bqb_p%5D=130.0&factor%5Bmg_hr%5D=3.3&factor%5Bmg_p%5D=50.0&factor%5Bsk_hr%5D=1.7&factor%5Bsk_p%5D=40.0&factor%5Blbry_hr%5D=20.0&factor%5Blbry_p%5D=200.0&factor%5Bbk14_hr%5D=80.0&factor%5Bbk14_p%5D=205.0&factor%5Bpas_hr%5D=20.0&factor%5Bpas_p%5D=105.0&factor%5Bx11g_hr%5D=0.45&factor%5Bx11g_p%5D=70.0&factor%5Bcn_hr%5D=55.0&factor%5Bcn_p%5D=140.0&factor%5Bcost%5D=0.14&sort=Profitability24&volume=0&revenue=24h&factor%5Bexchanges%5D%5B%5D=&factor%5Bexchanges%5D%5B%5D=binance&factor%5Bexchanges%5D%5B%5D=bitfinex&factor%5Bexchanges%5D%5B%5D=bittrex&factor%5Bexchanges%5D%5B%5D=cryptobridge&factor%5Bexchanges%5D%5B%5D=cryptopia&factor%5Bexchanges%5D%5B%5D=hitbtc&factor%5Bexchanges%5D%5B%5D=poloniex&factor%5Bexchanges%5D%5B%5D=yobit&dataset=&commit=Calculate

this looks like it is gonna end badly unless I'm missing something internal to the ASIC Obelisk Units and/or mining. It is just that at $1.68 in electric and a $0.77c kWh profit per

day...seems hardly the worth to toss them up in the basement (you guessed it, my home also is at 14c kWh)

Thus, again, leave them in the cardboard boxes, unopened, to use as doorstops, I guess.

what a cluster (assuming they deliver, assuming they have the decentralized network they have can handle the dump of Obelisk's in the next 2 weeks..again, not even worth

my time, to set them up yet.0

Again, hardly encouraging, unless some side action associated with the Obelisk Miners come to pass. As it looks now, with no up and running

decentralized storage network to compete with Amazon's Centralized Cloud and/also the current crypto prices, I guess they just stay in the box

Anyone, see any rainbows/unicorns and Santa in this, let me know, I'd like to be dead wrong., but it is looking like by end of the month when these ship, they will

never see the light of day. (at least at my 14c kWh rates at both the data hall with rent and my home)

later

brad

You got that right! In my case I took a 33% hit after what I would have paid in IRS and State Taxes and the Equipment Deduction in 2017...Still sucks.

My only other 'comfort' is I likely would have HODL BTC anyway, so at a 'real' 1.11 BTC loss...it is kinda 'meh' at this point this year. (I have 5 in the wind)

IF they would have forked the coin 'away' from Bitmain, we MAY have had a shot at profit...but without that and current prices and in my view the unlikelyhood of

them having the 'vision' of the decentralized network to compete against Amazon Cloud available (you'd think you'd here something in the press if that was coming)

ie...doorstops indeed!

Below is the price as of this moment you would make on an Obelisk Sc-1 today. Using What to Mine Calculator at https://whattomine.com/ for those who

want to put in their own electrical rates (rather than my 'ugly' 14c kWh)




OK. So to move on, at what an Obelisk SC-1 is supposed to work at, 800gh and 500 watts at my HIGH 14c kWh, I get the following:


$2.91 a day. The electrical use is $1.68 per day. The profit per day (as of this moment) is $1.23 per day.

I also got the email below from Obelisk...saying how HARD they are working, usually you get such emails from ASIC folk, when it is unlikely to make the deadline on shipping. (July 15th,

2018).

The Obelisk Email received below.

Quote:

Delivery Update

Quick update on deliveries: we have made a lot of progress, and everything will be arriving at our manufacturers next week: bare PCBs to assemble into hashing boards, production ASICs, power supplies, fans, and more. We will start assembling units next week, and aim to start shipping to customers on the week of July 16. It will take about two weeks to build and ship all Batch 1 units.

We will have hashing boards with production chips assembled on Monday, and will be immediately testing for hashrate. We will update you as soon as we have hashrate figures. We will also send out a more complete long-form update at the end of next week.

Our main challenge right now is firmware, and our team is working diligently to complete and test the firmware. After shipping, we will continue to release firmware updates that should further improve unit performance.

Thank you so much for your support! Please let us know if you have any questions.
 
Best,
 
- Team Obelisk

Copyright © 2018 Obelisk, Inc. All rights reserved.

Unquote



Thus on (1) OBELISK at my ugly, high, 14c kWh electrical I would make $1.23 per day or $36.90 per month. This is 'hardly' encouraging IF they do not have the 'supposed'

decentralized network available from siacoin as their vision of storage, up and ready to go. Gonna be a lot of ASIC's (less the Bitmain units which are already too expensive to

run) driving up siacoin difficulty...thus, if price of siacoin is based on 1) scarcity and 2) the belief in the siacoin storage method....IMHO, the price is gonna take a big hit,

and we are gonna have a crap load of siacoin from these ASIC's with no other use on top of a complete price dump.

Of, course, if they are 'late' on shipping the Obelisk Units..say August 2018, it may not matter. They may never be profitable enough to run and simply stay in the box.

But I find in it interesting on how Sia-Tech has not been talking about 1) if their network is ready and 2) from the email, the likelihood of another delay on shipping.

Again, when your Obelisk's arrive, be sure to leave them 'unopened' in the cardboard box, they will work much better as 'doorstops' within the box, due to the slippery

nature of cardboard...

live and learn

brad

boy i'm i glad that i didn't order any

Cool thanks for the update

They state they are targeting July 16th as the beginning of shipments. They stated they are still working out firmware and how to do firmware updates.  So they appear to be rushing to get these out.

Did the e-mail state when the first batch will be shipping out? I'm ready to start mining space cash but I think hyperspace is waiting for the obelisk units to ship.

Just saw the email update from Obelisk.  I hate to say it, but the horse already left the barn while they were out getting hammers and nails to secure the door.  Unless there is some scheme to flip the algo and have just the Obelisk watching the network I don't know that there is a point for this anymore.  Is there some grand insight that I am missing here?

From what I understand..they needed the ASIC's for the network security..and under original obelisk sc-1 only units....they would provide about 25-30%

amount of siacoins added a month, to the existing siacoin coin stash, to use as tokens and method of use for the anonymous decentralized storage solution at a price

(hopeful) of only 10c to Amazon's $1 in cost ...as a comparison....of what they are trying to achieve with cloud storage/siacoin and ASIC's...

So if that is the case, holding siacoin is pointless (speculation of price on the amount of coin available) So from what I can tell....right now you have 10x

the ASIC power that sia-tech was gonna put out as a 1st batch...you don't have this network cloud storage solution up yet...

so it is all very iffy from what I can see...so I'm out...

but betting on siacoin prices without their network anonymous storage solution and undercutting Amazon Cloud prices....well.....looks like they

have an overabundance of ASIC's to make siacoin ...but nothing to use it with for such a network, in the near future...thus the price IMHO will dump badly

unless resolved


again, I got the 5 obelisk sc-1 units on a bet that the network would work and their ASIC's would be the driver..of this cloud solution...now it seems there are 10x more

ASIC's by the time siacoin network comes out..assuming in a time frame that kinda matches overabundance of blake2b miners...they need...

just don't see how this thing is gonna get off the ground without the price of siacoin bottoming out....with all the ASIC siacoin mining (and dumping

they have to pay electric)


anyway, in my view odds are slim to none this will work out in a manner where all the pieces will come together correctly and quickly ...again IMHO

(what do I know I got 5 of the obelisk sc-1 siacoin doorstops)

thus, not betting on the network they want for cloud mining being 'robust' enough out of the gate with use and capacity ..to overcome the 'glut' of

blake2b ASIC miners that will be out in the world by then....too fat to fly ...in my view

brad