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Topic: First Asic for SIA - Obelisk SC1 - page 4. (Read 29250 times)

sr. member
Activity: 2632
Merit: 328
May 20, 2018, 04:26:41 PM

Not worth the risk IMHO, with the ASIC mess they have and the amount of ASIC's mining siacoin for use on a decentralized network and anonymous and supposedly

at 10c per $1 Amazon Cloud prices..that does not 'yet exist' in any way or shape to manage the amount of ASIC power going to pump out these siacoins

(I was told between 25% to 30% total coin inflation a month, when the ASIC's hit in force) ...I see the price of siacoin dumping 'big time' even if they got

the network up as they plan

but, not gonna bet above and beyond the 'failed' asic bet on sia-tech...the likelyhood IMHO is they will have the hardware sit around and be waiting on the

network ..further complicating this all with massive amounts of siacoin...in an unusable state (except for speculation...which will dry up IMHO when the

mass of ASIC's hit the siacoin world)

so not gonna jump in and buy siacoin before a working network they have planned...just would be silly IMHO, I bet on the asic's and the network and we

now have 10x the asic machines sia-tech planned for...thus not looking wise to jump in now and buy siacoin in my view


So, unlike all other blockchains, amount of SIA coins mined depend on network hashing power?
So far I thought they're like every other blockchain in that matter
copper member
Activity: 2898
Merit: 1465
Clueless!
May 20, 2018, 01:56:46 PM
full member
Activity: 846
Merit: 115
May 20, 2018, 02:21:35 AM
copper member
Activity: 2898
Merit: 1465
Clueless!
May 19, 2018, 11:42:43 PM
The Inno miner specs are more efficient than anything else either announced or already shipping.  So unless you jump in with both feet and get some Inno S11 or D9's it looks like the profitability will be gone by the time the Obelisk ships.  Looks like profit is already crashing hard in just 30 days.  

well remember the ASIC's for anyone is a risk on this Bitmain, Sia-Tech, Innsilicon if you are NOT selling them as you go along and in HODL mode...the

anonymous, decentralized worldwide storage method the sia-tech devs are pushing and needed the ASIC's for, to compete as they say they want to, at

10c to $1 Amazon Cloud Storage...if that don't work or arrive on time and spec..you will have a sh*tload of ASIC's pumping out siacoin without any use...

(in that the current siacoin prices are speculative..mainly from GPU mining)

So you add that above ...with the risk of ASIC's and I'm sure not gonna get an Innsilicon siacoin miner at this point in time...

Yep, I'm out.....on the 12k I spent on the obelisk sc-1's ...I figure I needed to get around $4k back in mining siacoin at least to break even on what I would

have paid the tax man in 2017 (IRS and state) and the 25% equip deduction you can take off (all) off taxes you owe that year...

always figured I'd be out of pow-scrypt mining by going 'too many units too far' have done this since Nov 8th, 2014 with 300mh KNC Titan....so

this is likely all she wrote for that and for these obelisk units...

what is interesting is I swap'd 5 coupons (1/2 off) for 1 decred miner (used 1 coupon and the $800 covered)

by interesting is this...by August 15th was it? on 2nd batch was it? decred miners...will even that unit be worth 'yanking' out of the box?

by then, could I even make enough over electric to turn it on?

so yeah, seems my days of ASIC miners in more than a quantity of TWO in my basement (with winter heat) ..ie hobby mode is as far as I'm gonna go now

ah well, it was a good run 3 1/2 years...and my BTC and LTC and other alt hoards are all from mining

I really can't bitch much...but the Decred miner not even likely ROI'ing that is just silly, in that it is free....but seems likely not to ROI IMHO either

well....looks like ALL my last units of ANY ASIC FLAVOR OF COIN ...is gonna be shut off by July 4th 2018....sh*t...



hero member
Activity: 868
Merit: 517
May 19, 2018, 11:02:30 AM
The Inno miner specs are more efficient than anything else either announced or already shipping.  So unless you jump in with both feet and get some Inno S11 or D9's it looks like the profitability will be gone by the time the Obelisk ships.  Looks like profit is already crashing hard in just 30 days. 
copper member
Activity: 2898
Merit: 1465
Clueless!
May 18, 2018, 08:59:59 PM
Well that is all she wrote, boys and girls....innosilicon has out a decred and siacoin miner available now

http://www.innosilicon.com/html/s11-miner/index.html Siacoin miner

http://www.innosilicon.com/html/d9-miner/index.html Decred miner

details in link below..they are spendy.....but out in the world

so looks like my 5 obelisk sc-1's and the 1 obelisk decred miner (got free for my 5 1/2 off coupons) all of them I may be able to just

leave in the cardboard box (for ease of doorstop use in moving them about)

I mean Sia Obelisk SC-1 is shipping 'supposedly' in July 'as the chips are available' (can you say iffy)

and my 2nd batch I think it was (the $800 buck) decred unit...available ...like the middle of sept 18...won't even make me $$$ after electric also likely

well, live an learn...so looking at out of 12K+ paid ... 'in real money, as opposed to taxes" about a 4k loss ...if they mine zip

so it goes....looks like I'm completely out of mining by end of July 2018 at best (bitmain L3+ 'top of line latest consumer ver you can get' pow-scrypt

miner makes me 56c a day...after electric...with difficulty at about 30% a month now)

SO ALL MINING of any ASIC FLAVOR of the ASIC MINERS FOLK ARE MINING AS OF NOW.....seem likely to 'fade' faster in difficulty then price per

your coin of choice....them's the breaks....a clean sweep....so ONLY miners you may be able to ROI at this year..you likely will start over and buy

sometime in the Fall......again clean sweep it seems ....of any asic flavor equipment me thinks..

brad
copper member
Activity: 2898
Merit: 1465
Clueless!
May 13, 2018, 04:38:50 PM
SC1 is now making $2.3 and it’s not even out. Just Wow.

Yeah, doorstops....because their 'supposed' decentralized network for storage...is NOT gonna work to well with all them Bitmain toasters and the rest....more ASIC's then

the coin and their network plans, that can support price rise, IMHO...

oh well, live and learn, need to make about $4k to match me paying the IRS anyway (and my state taxes) and the 25% equipment deduction on my FIVE of these....probably

Not, do'able....so now what? Shoot for $2k before they become FULL BRICKS and call it a $2k loss instead (2017)for the fiasco? We will be the first to know I guess...

full member
Activity: 392
Merit: 102
May 13, 2018, 07:23:06 AM
SC1 is now making $2.3 and it’s not even out. Just Wow.
Terrible.  Glad I did not make same mistake as with D3s, which will never return investment.  I was reallly planning to order a few Obelisk miners, but experience with D3caused me to stop...  Unless a person comes over such situation personally he will never learn.  
member
Activity: 531
Merit: 29
May 12, 2018, 07:03:17 PM
SC1 is now making $2.3 and it’s not even out. Just Wow.
copper member
Activity: 2898
Merit: 1465
Clueless!
May 12, 2018, 06:09:06 PM
Need to change the thread title to Nebulous/Obelisk donations only and you get a doorstop in return. A t-shirt if you're lucky Wink

Well, on my 'dubious' 5 Sia Obelisk sc-1 units' I did get 5 1/2 coupons and did get for them ONE 2nd batch? (800 bucks after coupon) unit for free...

so I suppose there are others on here that may have done the same in some manner...but it is rather a drastic way to get a decred miner for my efforts...

Again, I expect a 2nd batch siacoin miner from Bitmain with less watts and a Bitmain decred miner before the obelisk units of any ASIC flavor ship

Being Bitmain and sensing weakness (no fork) they will go for the kill and, IMHO, try to acquire 90% of the sia unts on any sia decentralized storage feature

it is how they roll (bitmain that is) as to the decred miners..I've heard it is not much of a tweak to do this ..thus I'd expect those units before

the 2nd batch of sia coin obelisk 1st ship units...we will see....but posting my views on here...I think this likely.


anyway, looking like ASIC units of ANY FLAVOR are gonna be under water in a couple months anyway.....not looking good is an understatment..
But what if crypto prices will irncrease in prices? Won't the same situation happen as was last year, when ASIC miners were bringing good return.

This is true..but that is the classic problem on pre-orders of equipment....IF the price pumps...you have no need to get equipment..you can ride the crypto wave

without risk and hold coin...the only way you get equipment is IF you can get the equipment before everyone else (1st in line on 1st batch of new asic product)

or you say 'attic mine' some stuff out of the attic and sell it on ebay and maybe buy equipment that way...since Fall of 2017 it has made NO SENSE to pay for

equipment with crypto mined or hoarded....especially with BTC say going up 12x and such...so the choices with equip is

1) do better than roi or if you just got your crypto and held

2) break even on equip vs crypto used

3) lose crypto if no price pump

with places like bitmain selling their stuff in mass quantities (25k or above batches) and their prices (reflecting price) or if price really pumps (like summer of 2017)

they claim firmware update on your equip already owned and to be shipped (had invoice) and mine it for 6 weeks making LTC diff go up 30% ..then ship NOT with

'supposed' JUNE 2018 firmware upgrade but the same JANUARY 2018 firmware as the stuff gotten previously..and of course

4) the pre-order 3 months or more all equip ASIC makers due and watch the price of crypto paid go up 3x to 8x by the time you get it (2017)

no angle you can play that works in your favor

THE ONLY ANGLE YOU HAVE NOW IS IF THE PRICE PUMPS OF YOU CRYPTO OF CHOICE AND ASIC FLAVOR OF CHOICE DEVICE ARRIVING 3-6 MONTHS IN THE FUTURE

So, if you are NOW (these days 2018) counting on a price pump....that all can be changed on a whim (weekly price, amount of units, take away units to mine your

self, etc)

Again, no legit firm angle you can take ...too many variables as we are seeing on our 1-year obelisk sc1 units...

(ah, 2017 when I had so much cash flowing in monthly, I really needed the equip deduction of 5 units as a hedge....those were the days.....damn!)

Anyway, IMHO, 2018 keep the asic coin and hold (unless you can get a free decred miner for a mess of dubious obelisks sc-1 coupons (5 in my case)

less angst then getting equip, less risk, probably more coin in the long run.....again with bitmain being a monopoly and changing price weekly and amount of units

of even getting a unit (ie shipping them out like toasters) and pre-orders taking to long and also the possible price pump you MIGHT see in your choice of crypto

in the 3 months till you got your pre-order miners (making it 3x as expensive maybe on a crypto price pump of 3x)

No angle I can see anymore ...maybe used asic equipment..maybe masternodes or pos coins that stake like mining....no angles I feel safe with at this point in time.

full member
Activity: 392
Merit: 102
May 12, 2018, 08:04:31 AM
anyway, looking like ASIC units of ANY FLAVOR are gonna be under water in a couple months anyway.....not looking good is an understatment..
But what if crypto prices will irncrease in prices? Won't the same situation happen as was last year, when ASIC miners were bringing good return.
copper member
Activity: 2898
Merit: 1465
Clueless!
May 11, 2018, 11:00:35 PM
Hey. Anyone have a ‘reputable’ obelisk sc1 calculator?

Links?

The ones I have tried are fantasyland 🤡

Edit: 800gh @ 500 Watts.

check the below one. I used it when Bitmain just started producing A3 for comparison, and it was quote good, as i remember.

http://sialytics.com/

sorry that calc is a bunch of whooee...IMHO...does do not take into account all the bitmain batches/toasters/etc, says I will ROI in 129 days..yeah right...

or from what I can tell...unless I'm supposed to delete the side batches and don't know how to run the beta version of such

as to the revised LOWER stats I called it that chip maker that obelisk uses..is a joke...they messed up 9 months of wafers for BFL Labs in 2013 and looks like they messed

up the last 2 runs of wafers for obelisk folk too boot....not to mention, like BFL under speck by about 1/3.....same old, same old...

I bet the PSU's IF we get them with these units are crap city..my bet is SUDDENLY we will be required to provide our own PSU's which is usually the case on ASIC

units offered with PSU from the get go...

ah well, the latest/best/or top end Bitmain L3+ pow-scrypt miner is making me 77c per day now after electric...so if the biggest supplier of ASIC's and their current the

last generation of that ASIC flavor mining LTC can't make it..it is hard to see how puny Obelisk is gonna pull a rabbit out of the hat for us....(without forking the bitmain

units...which is a no go)

Again, beyond dire for any type of mining IMHO...FML...

anyway, looking like ASIC units of ANY FLAVOR are gonna be under water in a couple months anyway.....not looking good is an understatment..
newbie
Activity: 58
Merit: 0
May 11, 2018, 03:51:17 AM
hey guys, just fyi - SC1 will bring only 500Gh instead of promised "at least 800Gh"
how do you like that?
So is Bitmain so shitty vendor after all?
full member
Activity: 392
Merit: 102
April 20, 2018, 02:45:02 AM
Hey. Anyone have a ‘reputable’ obelisk sc1 calculator?

Links?

The ones I have tried are fantasyland 🤡

Edit: 800gh @ 500 Watts.

check the below one. I used it when Bitmain just started producing A3 for comparison, and it was quote good, as i remember.

http://sialytics.com/
copper member
Activity: 2898
Merit: 1465
Clueless!
April 20, 2018, 02:17:32 AM
Hey. Anyone have a ‘reputable’ obelisk sc1 calculator?

Links?

The ones I have tried are fantasyland 🤡

Edit: 800gh @ 500 Watts.
full member
Activity: 420
Merit: 106
https://steemit.com/@bibi187
March 22, 2018, 05:40:59 PM
Anybody here ordered the Obelisk SC1? I see they are already at Batch 3. And is it correct that the Price reduces with every Batch? How many Batches will there be?

Not necessary, price was increase recently.

Probably depend on a lot of factor.
full member
Activity: 392
Merit: 102
March 16, 2018, 12:11:32 PM
Anybody here ordered the Obelisk SC1? I see they are already at Batch 3. And is it correct that the Price reduces with every Batch? How many Batches will there be?

Yes, price reduces with every batch.   I was considering to order one piece but after Bitmain launched thier I decided that was a useless idea.
sr. member
Activity: 364
Merit: 250
February 15, 2018, 08:36:33 AM
Anybody here ordered the Obelisk SC1? I see they are already at Batch 3. And is it correct that the Price reduces with every Batch? How many Batches will there be?
copper member
Activity: 2898
Merit: 1465
Clueless!
February 03, 2018, 01:07:47 PM
Before you buy the A3, Halong Mining / DragonMint are now coming out with their own Blake(2b) ASIC.

No price nor date yet, BUT 3.5TH  THAT'S ~4.5X BITMAIN'S A3 and Obelisk's SC1 !!!!!!

https://halongmining.com/shop/dragonmint-b52-blake2b-miner


They have not shown a 'reputable' video/demo or any 3rd party review of ANY of their products.....even though they have probably have 3 batches

of pre-sale for their 'supposed' BTC miner. Also you can only order in lots of 5 units. So not to excited to jump on this train yet, for obvious *maybe*

scam reasons.

member
Activity: 140
Merit: 17
February 03, 2018, 12:53:56 PM
Fixed thread subject.
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