Author

Topic: Who's ordering an Obelisk to mine Sia? (Read 1094 times)

hero member
Activity: 952
Merit: 508
July 03, 2017, 08:09:13 AM
#6
There is another thread that has been going on this since the 1st day https://bitcointalksearch.org/topic/first-asic-for-sia-obelisk-sc1-1976753
full member
Activity: 122
Merit: 100
July 03, 2017, 08:00:24 AM
#5
don't preorder miners, especially with a delivery date a year away from a new manufactuer. Better to buy coins, and wait till miners are in stock available to buy.

Let them be stupid, they are blind to see how scammy the asic market is. Anyone preordering this has no idea what return of investment mean.

It seems like the Sia team has an incentive to make this payout reasonable given that these are the first supporters, no?
sr. member
Activity: 2142
Merit: 353
Xtreme Monster
July 03, 2017, 03:14:31 AM
#4
don't preorder miners, especially with a delivery date a year away from a new manufactuer. Better to buy coins, and wait till miners are in stock available to buy.

Let them be stupid, they are blind to see how scammy the asic market is. Anyone preordering this has no idea what return of investment mean.
hero member
Activity: 835
Merit: 1000
There is NO Freedom without Privacy
July 03, 2017, 03:05:14 AM
#3
don't preorder miners, especially with a delivery date a year away from a new manufactuer. Better to buy coins, and wait till miners are in stock available to buy.
full member
Activity: 325
Merit: 110
July 03, 2017, 12:56:13 AM
#2
The calculator on that website seems flawed.

If you enter 1 obelisk sold it predicts that you will earn 600million SC a month - the total amount on offer. It ignores mining from GPUs.

The current nethash is 316 Th/s - 316,000 Gh/s. That is equal to 3160 Obelisks. Lets say that by the time this has been delivered, the GPU nethash is 400 Th/s or 4000 obelisks. Lets say that the first wave of pre-orders is 2000 Obelisks (it is already 630) that is a nethash of 600 Th/s or equal to 6000 Obelisks. Then you are probably closer to 100k SC for the initial month.
full member
Activity: 122
Merit: 100
July 02, 2017, 11:51:24 PM
#1
Looks like pre-orders in batch 1 will get 6 weeks of mining before any others are shipped. At the projected rewards, you would have the opportunity to mine 200,000+ SIA which could be worth more than the unit price.

https://obelisk.tech

Anyone else considering a purchase? Other thoughts?
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