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Topic: First Asic for SIA - Obelisk SC1 - page 7. (Read 29238 times)

legendary
Activity: 2020
Merit: 1041
January 17, 2018, 08:20:14 AM
Yes Obi buyers have been f*cked , you could even wonder if the obi sellers knew this was coming and are just planning to buy the chips of bitmain later when they can get them for peanuts because the market will be totally saturated an no profit to be made anymore on selling miners.
full member
Activity: 1179
Merit: 131
January 17, 2018, 02:57:26 AM
Found more vaporware

https://shop.bitmain.com/productDetail.htm?pid=00020180116164357365a2ljX8gx06D3

IMHO:

It appears some want the Obelisk presale to fail and are claiming they have units but unfortunately or not.... are all sold out LOL

Weak counter marketing... really?

Fake news!

Adding: 5 mins after I posted I see they now have availability ..... I don't buy it.

I was able to buy one.  I'm sure all of the Obelisk bagholders are hoping this is fake news though.
newbie
Activity: 40
Merit: 0
January 17, 2018, 01:31:53 AM
Found more vaporware

https://shop.bitmain.com/productDetail.htm?pid=00020180116164357365a2ljX8gx06D3

IMHO:

It appears some want the Obelisk presale to fail and are claiming they have units but unfortunately or not.... are all sold out LOL

Weak counter marketing... really?

Fake news!

Adding: 5 mins after I posted I see they now have availability ..... I don't buy it.
newbie
Activity: 40
Merit: 0
January 17, 2018, 01:25:19 AM

Why would having asic miners have anything to do with the coin's value and longevity?  the same amount of coins will be generated in the same increments, its just that difficulty will shoot up and a few hundred people that own these miners will own the network.

Stability of the network and to protect a 51% attack.

https://blog.sia.tech/choosing-asics-for-sia-b318505b5b51

There are essentially a few main reasons:

GPU mining leaves smaller cryptocurrencies more vulnerable to attack.
ASICs better align incentives between users and miners, because they introduce a switching cost for miners.
Someone at some point will develop ASICs for Sia. By introducing them first, and selling them to our users, we can ensure that the network remains decentralized.
full member
Activity: 1179
Merit: 131
January 17, 2018, 12:40:48 AM
I did the math and calc/projection on Decred and couldn't justify it and opt'd to buy into SCI-1 more for the same price point.

Better potential ROI. Just my instinct.

Looking to reinvest into SIA-GEN-2 if all works out on this....

yeah that is my thoughts...IF siacoin makes it ..IT WILL NOT be due to the price and speculation of this coin..it will be due to the

ASIC network and their decentralized anon storage solutions at 10c to Amazon's $1.00 in pricing

with the amount of siacoin generated..that is the ONLY way such an ASIC network can pump out that many coin

for this whole idea to make sense

anyway my (likely clueless) interpetation of this

now do I man up and get some more machines with my coupon...or sit like I have today and watch the FUD and

crypto prices dump as I sit an pucker up tighter and tighter

fun retirement I started yesterday (yep thats what did it, me retireing due to crypto etc, I broke the works)

sorry about that

(what do they say about 'timing is everything' ..If I'd done this LAST WEEK as least I could have 'gloated' for a week)





Why would having asic miners have anything to do with the coin's value and longevity?  the same amount of coins will be generated in the same increments, its just that difficulty will shoot up and a few hundred people that own these miners will own the network.
member
Activity: 140
Merit: 17
January 16, 2018, 11:22:35 PM
Found the Baikal unicorn!

https://bitcointalk.org/index.php?topic=2595145.0;all

After reading all of the posts, I am still to find one non-reseller or dealer with any actual units and Baikal is claiming sold out.

I find it interesting that the reseller cannot get any units except of course his personal units he is selling at $15k USD post-crash LMAO....

I stand my ground on Vapor Scam/Ware  for the Baikal units.

Buyers totally beware!
Community members have posted pic, search around. Also, Baikal has been around for a while and delivered before.
newbie
Activity: 40
Merit: 0
January 16, 2018, 11:03:20 PM
Nice to see you joining our mining pool Eyedol-X  Grin

I ran some calc's here and was very generous with SIA asic competition inclusion....

http://sialytics.com/sc1?state=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

I am happy with my investment Wink
hero member
Activity: 952
Merit: 508
January 16, 2018, 09:54:32 PM
Well back on topic, I just picked up a 2nd SC1 as part of batch 2.

Can't wait to get the first one Cheesy
newbie
Activity: 40
Merit: 0
January 16, 2018, 09:26:59 PM
Found the Baikal unicorn!

https://bitcointalk.org/index.php?topic=2595145.0;all

After reading all of the posts, I am still to find one non-reseller or dealer with any actual units and Baikal is claiming sold out.

I find it interesting that the reseller cannot get any units except of course his personal units he is selling at $15k USD post-crash LMAO....

I stand my ground on Vapor Scam/Ware  for the Baikal units.

Buyers totally beware!
copper member
Activity: 2898
Merit: 1465
Clueless!
January 16, 2018, 05:06:31 PM

I have received 2 of the Giant-B today, I can confirm it's not a vaporware, first batch price was around $3,500. They're being setup at my mining location tomorrow.

Interesting if valid. Thanks for the update.

@80GH.... enjoy for a few months.... until we come online Wink

@Searing

I hear you loud and clear.

Unicorn investments could be a good angle Wink
I'll take a couple of pictures tomorrow.


was talking about sia miners..but happy to look at your baikal pictures of unicorns Smiley

copper member
Activity: 2898
Merit: 1465
Clueless!
January 16, 2018, 05:05:26 PM
Obelisk is USA based and under US law.

If they don't deliver, they must refund and the entire SIA project would be auto-tanked and never recover.

All in or all out basically.

Just my thoughts....

this was not the case with BFL in 2015 I think it was..the corporation went bankrupt...the owners were protected..kept

all the BTC they mined with pre-order money for more than a year ( I say a year because no reinvest new product and

no shipping) and the max fine ONE of them got was 30k..... the rest of it went to the SEC to settle

they walked completely

nothing has changed in USA law to change this..they are protected by being a corporation and were NOT prosecuted with

BFL corp taking the fall


so hosed...

they were based out of Kansas I think

brad

newbie
Activity: 40
Merit: 0
January 16, 2018, 03:20:34 PM
Obelisk is USA based and under US law.

If they don't deliver, they must refund and the entire SIA project would be auto-tanked and never recover.

All in or all out basically.

Just my thoughts....
Well, maybe but did you read their "Terms"?  Says you give up the right to a Class Action lawsuit if you enter the preorder.  
Always read up before you invest.

Fair enough but.... in business.... if you don't have credibility as a smallish company... you won't get  far and the coin would end up as coin dust.

No one would back it seriously. Ie. Netflix etc....

And I see that is the end game here not the coin value persay.
hero member
Activity: 924
Merit: 1000
January 16, 2018, 03:16:55 PM
Legallity goes both ways in the U.S..
hero member
Activity: 924
Merit: 1000
January 16, 2018, 03:14:21 PM
Obelisk is USA based and under US law.

If they don't deliver, they must refund and the entire SIA project would be auto-tanked and never recover.

All in or all out basically.

Just my thoughts....
Well, maybe but did you read their "Terms"?  Says you give up the right to a Class Action lawsuit if you enter the preorder.  
Always read up before you invest.
newbie
Activity: 56
Merit: 0
January 16, 2018, 01:48:48 PM

I have received 2 of the Giant-B today, I can confirm it's not a vaporware, first batch price was around $3,500. They're being setup at my mining location tomorrow.


I'll take a couple of pictures tomorrow.

Sure thanks.

Just a heads up.... you wont be able to post the pics and have a 360sec wait between posts on this forum until you hit 30 posts so I am told....

What a  silly little rule *sigh*
You're able to post the links to the images, but the images won't show until you get a Jr. Member (30 posts/activity). It's to lower the amount of spam & scam, works fine imho.
Either way, I'll post the links to the images tomorrow at least!
newbie
Activity: 40
Merit: 0
January 16, 2018, 01:39:01 PM

I have received 2 of the Giant-B today, I can confirm it's not a vaporware, first batch price was around $3,500. They're being setup at my mining location tomorrow.


I'll take a couple of pictures tomorrow.

Sure thanks.

Just a heads up.... you wont be able to post the pics and have a 360sec wait between posts on this forum until you hit 30 posts so I am told....

What a  silly little rule *sigh*
newbie
Activity: 56
Merit: 0
January 16, 2018, 01:33:06 PM

I have received 2 of the Giant-B today, I can confirm it's not a vaporware, first batch price was around $3,500. They're being setup at my mining location tomorrow.

Interesting if valid. Thanks for the update.

@80GH.... enjoy for a few months.... until we come online Wink

@Searing

I hear you loud and clear.

Unicorn investments could be a good angle Wink
I'll take a couple of pictures tomorrow.
newbie
Activity: 40
Merit: 0
January 16, 2018, 01:32:35 PM
Obelisk is USA based and under US law.

If they don't deliver, they must refund and the entire SIA project would be auto-tanked and never recover.

All in or all out basically.

Just my thoughts....
hero member
Activity: 924
Merit: 1000
January 16, 2018, 01:31:30 PM
It's my opinion the SC1 would do far better to generate profit compared to the DCR1 given SIA hasn't jumped in price yet.  Lots of headroom to turn those coins into $1 per than Decreed going to $200 per.  Batch 2 sale ends on the 31st of January.
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