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