Bitcoin Forum

https://obelisk.tech/


 HIGH PERFORMANCE ASIC MINERS FOR DECRED AND SIACOIN

Mine Decred with the DCR1 and Siacoin with the SC1. Presale is open until November 24 with a cap of 4,000 units each. Delivery by June 30, 2018.

So cool if they can deliver on their promises and deliver on time.

 Hope this doesn't become like butterfly labs. Bitmain has been the reputable source and the only one I can trust.

As much as I would like to jump in on the obelisk, I see a bit of a risk with if their's delays, frustrations and questioning if it's more profitable to buy Decred at current cheap price instead of waiting half a year after price gone up and now ur mining at higher mining difficulties.

Maybe I'll just buy one and pray for the best b/c i like decred and being the first batch to mine can be profitable if all the stars align.

Bummed out....

you can only apply 1 coupon vs 1 unit


not worth it..holding what I have for units no more

guess the coupons are gonna just gonna fade ...with no use

ya, it's kinda rough, they are honestly nothing but promises and more asking for money over and over here :( no real tangible anything yet it seems :(
the minebox? not delivered, nothing but words, their next ask after that for money for the SIA ASIC months ago? having trouble filling orders, NOW they are asking for MORE money for a DCR ASIC? pfft, not from me!
by the time this stuff comes online it will be obselete, ill put my faith in tim from zeropond having his dcr asic first as well even ;p

other thing is you can ONLY get this pre-sale (whatever that means) discord miner before NOV 24th was it? Same for the miner they have had out for a bit

I'm begining to think I may only get 'the lousey T-shirt' they sent to the 1 first week order i got

not inspiring a lot of confidence in their products

im waiting until bitmain will make a asic for this algo.  they  also want part of the cake.  im pretty sure

why peoples are not investing more to develop mining hardware, ASIC is too much centralized and they are doing what ever they want to do, too much overprice

Seriously, With Obelisk reputation, 7 month time frame and BTC/ALT predicted bullish market in 2018.
Ya well fools are plenty in this world.

Is it true that Wolf0 works for Obelisk? Maybe he can tell us more

Maybe we will see similar scenario as We have in DASH, thanks to Bitmain... :-[

I'm on board for 1 SIA Obelisk and I'm considering 1 DCR Obelisk but I am unsure in this situation.

On the SIA Side, I believe the architecture has real purpose and that will eventually drive coin value.

On the DCR Side, I see more pump and dump coin and there are a ton of others out there. I am no DCR expert by any means but that's just what I see off the hip.

indeed. vaporware or utter failure...

Decred is a slow moving giant coin. I consider it in the league of Litecoin and Monero. Even Charlie Lee promotes it and Decred has reputable strong development.  Price is stable and rock solid, Never lost more than 50 percent of it's value generally. But it's prices have been lagging behind litecoin/monero.  I feel Asic development for Decred is what it needs really to build a strong support trend to it's value,  Think of those that got the litecoin miners early,  They faired off well and litecoin support trend value became stronger.

But due to the potential risk i think it's just easier to buy the coin now anytime it's in between $25-$30.   Next year Decred might be $60 and your mining at higher difficulties earning less coins and would have been better off buying some now.

Ive been watching this sia coin miner from obelisk awhile back. Even with their bullsht payment terms. But has since been changed i believe.
But this new decred asic miner is new information to me,  and sounds interesting..
Yes the presale shipping date is a long stretch. Also shame they dont have a working prototype or full spec details yet.
Sounds like a gamble. Will follow this thread and see what the community feels about these new asic miners.

When you do some calcs with their specs it is almost to good to be true...

OBELISK DECRED 300GH:

https://whattomine.com/coins/152-dcr-blake-14r?utf8=%E2%9C%93&hr=300000.0&p=1000.0&fee=0.0&cost=0.1&hcost=0.0&commit=Calculate

OBELISK SIA 475GH:

https://whattomine.com/coins/161-sc-blake-2b?utf8=%E2%9C%93&hr=475000.0&p=1000.0&fee=0.0&cost=0.1&hcost=0.0&commit=Calculate


Let's assume what the "calculator says"

Decred = 3300 dollar month...
SIA = 4700 dollar month...

(I think for real, maybe half of it...)


The Obelisk miners seem to have an absolute great advantage to all people who (merged) mine Decred or Sia with their GPU right now. Not all miners who mine Ethereum or Zcash mine merged. I think it is just a small percentage because you need extra power for your GPU's it is not free, to mine merged (it costes extra)
There are also people mining with FPGA's (Ztex, Icarus, etc.) on Decred right know and if these Obelisk miner is real "real"
(I am still not sure) then we see the true switch from CPU --> GPU --> FPGA --> ASIC.
At this point Decred and or SIA will have their own ASIC and more fullgrown?? more futureproof..

I really like the DCR1, more than the SIA SC1 miner (personal) but they need to show us this is real stuff.

Hopefully the launch of this ASIC does not do to DCR what it did to SIA.

The Obelisk SIA SC1 was actually the catalyst that brought Siacoin down to the dumps. From trading at 400 satoshi to 50 satoshi? Thats a huge loss.
My theory is when ASICs like this enter into a new coin which was previsouly only mined with GPUs, people get scared, they think it will mean more supply and more miners will be dumping their coins.

Surely people have learnt already.

FYI..for those asking about swapping a current Sia coin pre-order for their DC-1 deca coin miner (same prices)

nope they won't do that (was trying to migrage my risk....likely a moot point)

anyway, FYI

How can anyone be sure that these are real? That this is not a scam?

Always research the company behind these things . . .

Obelisk is a subsidiary of Nebulous Inc, which is the company behind the SIA blockchain development.  Nebulous is a company based in the US and you can actually identify and name its owners and the people behind it.  If it goes south, their reputation is on the line as well as the US legal system being brought to bear on them. They have also been quite open about what they are doing and where their funding comes from.

A few links for your reading:
https://blog.sia.tech/

https://sia.tech/funding2016/

https://siawiki.tech/development/nebulous_inc

I think the Sia calculator on www.obelisk.tech (http://www.obelisk.tech) has not been updated to 300mh

it still shows only 1 unit making 150,000 coins a month...if I remember correctly

I do not understand how you can buy a miner, which extracts only one single crypto currency. You have to be a real sectarian to buy this miner. In the summer of 2018 DCR can cost a penny, well, or more than $100, but the buyer will not have an alternative in a negative scenario. They presented it as an advantage. Rave.

I would be interested in the DCR1 Decred miner because I think its a good project but the lead time on these miners is too high for me to consider purchasing.

Too many variables at play when you have to wait that long to get the miner.

If they had any hope on these DCR1 miners ..they would allow you to swap a previous pre-order Obelisk miner for one.

(er nope I asked)

or

If they had any real hope on these...they would not only allow a 22 day pre-sale (still unsure what that means in that they still want 4k of units for both products)

I think, they just managed to do a quick and dirty fix on their existing obelisk miners to allow them to mine decred...and went what the hell toss them out there

and change the label on the front

I'll put $100 dollar deposit and pay the remainder when ready to ship. 

No way im letting my money sit on the sidelines locked up for months on a pre order. I can just leave my money in BTC and just let that grow for 6 months.

I would have bought one if it wasn't for such huge other investments lately.
It seems fun to hoard sia or decred ^^.. you never know
Gonna pass these :(

Everyone see this?

https://www.reddit.com/r/siacoin/comments/7bgbmx/11717_update_on_obelisk_sc1_estimated_at_600_ghs/

1 Th/s DCR!!!  ;D

damn this sound a bit too good to be true...sc1 also up to 800gh

The delivery is June 2018. So we can continue mining with GPU.

And we have a competitioner

 https://dcrasic.org/

Profit will be 5 or 6 usd per day at june2018

Even with a 100% difficulty increase it will be amazing profitable...even with 200% increase...i dont see the diff increase by 500%...
Could u explain why 5-6$? Would like to understand..

haha u fudding all mining machine threads boy? u are mad about bitmain...also at obelisk? wtf get a live!

You forget that if the profit is large, it will affect the price, that is, the miners will sell and fix profits.

Just reading through Obelisk's website and they mine on 20% of the hardware they produce ASICs for i.e they will mine against you and I can bet they will pre-mine prior to the June 30, 2018 ship dated.

Pretty sure they'll use these funds to make the first 20% that they will mine with and then ship out the remaining stuff.
Typical garbage company.


PS those SC1 orders have been open since July or August? No one is going to buy this crap. Keep waiting till you hit 4000, Obelisk.

Imagine how dumb the people who pre-ordered these feel when they see how high bitcoin has shot up.  Its concievable that by the time these are released, they will have paid double or triple the actual cost when you calculate opportunity cost.

He said in some other topic that he did some consulting for them and that's about it.

wait for a long time, i choose SIA mining :D

Does anybody knows if these obelisk miners can be put in a common apartment, without making much noise or disturbing the neighbors ?
Thanks

yep one of those people...but my whole year was paying off mining equip with btc before it went compeltly nuts...then again...now that it is the end of the year...I needed every damn equip write off I could get...and STILL gonna owe IRS (maybe....if self-employed miner you can do solo 401k for yourself off miner income look into it) acts like equip 100% in solo 401k comes off
of gross income ..just like miner equipment

so in 20/20 hindsight...every dubious damn btc I spent last year with the price pump from 4.15 ltc to 250 buck LTC WAS BADLY NEEDED

thus.....obelisk being a mistake or not....I JUST am gonna squeak by and maybe pay 1 months mining to the IRS and state taxes ..rather then 6 months w/o the equip

and to tell the truth...the hoard would have been pretty much the same either way equip gotten or just mining previous

but yeah, the days of 12-14 semi-legit you get the equip asic flavor of your choice in 2 months and legit are gone....either crypto is gonna shoot up soooooo fast
that 2-3 month delays getting equip (remember bitmain on the 4.15 to 50 buck ltc pump took all the equip back ...i did a 6 week loan to them for a july firmware fix
and the machines showed up with jan 2017 firmware)

alas, crypto for equip used to work up till about maybe July of 2017....but again if crypto shoots up so fast it makes no sense...on the other hand ..if crypto dumps
sooooo fast it dont' make sense either and with bitmain at 90% of the equip of all flavors x11/scrypt-pow/sha-256...well I'm tossing in the towel

we will see around june of 2018

but may get another obelisk or two anyway with fiat/cash (no crypto) i have 50% off coupons so may get some for basement toys

other then toys thou....be careful is my advice ...I'm gonna cool my jets till again perhaps July 2018 or so for any serious data hall moves again (if ever) :)

would you sell a coupon?  recoup some lost opportunity-cost, eh?

catch is the coupon is locked to my account from what I can tell ..so you'd have to trust me to order you one..not sure that makes a person comfortable

not sure what I'm gonna do yet

according to obelisk reply via email

I have 5 obelisks

I get 5 800 buck coupons first

IF I got 5 more units

I'd get 400 bucks  for my 1st week ordered unit

and 250 bucks for a remaining 4 units

IF I got as many as 10 to use all the coupons

they were more unclear on IF you have 2 units or more per order number

either it would work as above

or go

800 on 1st unit and 400 on the second unit

that would suck...but ..again why be unclear unless that may be the case

catch is to find out you have to FLAG the coupon and once you do that it is locked in

may not matter I have only 1 2 order like this and I find it unlikely I would get the other 3 units anyway

anyway we have till the 31st of Jan to decide on this stuff

when I asked about order of shipping on the orig batches ..they said don't worry all units will ship out at the same time

thus if like me you got over 5 over 2 months they all will dump at once not trickle out

anyway, not sure about getting 2nd order even at 1/2 off of 2nd batch of miners with the 1st batch still vaporware...seems silly

but DAMN, I badly need the equip deduction at a 50% income tax rate (with 10% state tax added that makes it so)

but between these units and DUBIOUS bitmain units in march/april (as they drive up difficulty and mine till then)

looking IFFY

I'm seriously looking at a kick ass big ass do all printer and a decent Xerox machine just for the equip write offs

I already last year got a 5K alienware laptop for the biz (cough!) w/the expansion box for a graphics card (hey, its a gpu miner) (cough!)

just because if I did not 50% would go to IRS and the 25% (1st year all) equip deduction I can get off taxes owed last year 2017 in REAL $$ towards 2017 taxes anyway I'd owe

thus in my feeble mind, the above toy (er I mean legit equip for mining) cost me 25% of retail (cough!) delusion I'm sure but sure makes me happy

but damn, do I really have to buy a Xerox machine....

I wonder if the 2018 tax bill for the rich loosened up some more equip I can buy for the biz besides computer equip/software and miners?

unlikely....

later

brad

Nice Maybe I will get a decred unit

I'm conflicted...

on the one hand, I have FIVE $800 buck 1/2 off coupons I could get units with

then

on the other hand I would be buying a 2nd batch pre-order of vaporware miners w/o getting the 1st batch

yeah, nothing DANGEROUS about this ...right...... :(

So assuming, I man up and get 5 more units.....or 6 more units (adding only a $400 buck coupon on that go around...they use on the site I was told

the most expensive coupon's first...thus the $800 buck bonus coupon, for the 1st 5 units..then if I got a 6th unit the $400 buck coupon for getting a

unit the 1st week...then the last 4 units would be the last of the coupons at $250 each...not going that far..but what I was told of the process. FYI)

Again, assuming I get 6 more units at 1/2 price for the 1st 5 and $400 bucks of the 6th one for a total of 6 units at $5,200.00 usd before shipping.

WHAT UNITS SHOULD A PERSON GET......

1) Decred Miners (remember I have 5 obelisk sc1's from the 1st batch run)

or

2) MORE Obelisk SC-1 Miners


So I get a mixture, what would be the split 100% decred because I've 1st batch Obelisk's Siacoin miners in that batch?

or

50/50 Decred and Siacoin units?

What are folk doing for a mixture on this as the best option?

Thanks, anyway the above was how I was told coupons work, point out any mistakes....but damn....I badly need the equip write-offs

brad

p.s. note to newbies in the USA..if you buy a unit with hard-earned $$$ you can get 25% off equip deduction in real $$ applied towards taxes owed on mining in a year. Assuming
you are in 25% income bracket. So that means you can take the 5 years equip depreciation all the first year or 100% equipment can be taken off your gross income.

ME. on the other hand..I am in a 50% tax range (40% plus 10% state income tax) ....if I take those $$$ and rather then pay the Tax Man and add the 25% off equipment
deduction off taxes I know I will pay in $$$ otherwise.....my risk above paying the tax man is 25% in real money...more so in that my current miners have ROI'd

thus newbies should be cautious with my advice..both for vaporware unit reasons maybe...and in real $$$ my risk is much less at 25% vs 75% cash down on this kinda thing

but again, I'm at the 50% tax level on mining income...but that is why it may be a lot more attractive to me for equipment than anybody else...especially newbie wise

also IF it is all vaporware...I can still write it off as theft/loss and only down 25% for the risk...again the tax man will get 50% for sure, and the nice 25% equip deduction

makes it tempting as hell at my 50% tax rate to be perhaps "stupid" (damn the 2013 kool-aid is like Malaria....can come back in Newbie dumb purchases at any time....

with the same strengh of 2013 Kool-Aid years later! Ack!)


anyway, just a clarification on my views on how sketchy this may be...on the consideration of doubling down and getting batch 2 stuff when batch 1 stuff is still in the wind!

How can anyone consider preordering these miners without seeing any proof of existence or internal design of the miners ? It's amazing how many people throw money at things like these. And the way the company changes the specs of the miners , saying they multiplied the final hashrate x2 or x5, as if it was an easy thing to do.

There is a single image on their website with a 3d render of black box, which to me, means nothing. They launched the preorder for a second batch before people even remotely received the first one. To me it's another company which has nothing to offer with scammy and shady practices.

The thing with ASICs is that you don't get it now. You will get it when the difficulty has risen so much that you make $30 for 1500W of paper consumed. They will have so many of these mining for themselves until difficulty rises to a crazy level then they start shipping. Now you know Why there is always delays with Asic its about not shipping them out until they become close to unprofitable.

you are correct ...it is a risk...probably too big a risk for most folk...I've done research and think? that they will come thru...If I am incorrect on my 1st batch units

I will be down as a complete loss on my $12,760.00 after deducting equip as a loss (theft/scam) would be about 25% for a total of $3,190.00 of which I can take up to 3k loss

each year...so from what I understand a 3k loss of gross income the following year...so yeah..maybe, after all, is said and done I'd be down 2k after all this...on the other hand

in the world of 'dubious' ASIC equipment sales..of any flavor....(bitmain ..not happening now for sure on March shipping), them's the breaks.

or I can just pay the tax man 50% (40% tax and 10% state tax) thus the gamble/justification/delusion (maybe?) of such purchases in my case :(

On a last note..was so ..desperate for equipment I got last year a 5K loaded Alienware Laptop as computer equip deduction like a miner for AHEM ...business use

for my home self-employed miner operation...(cough! business) ..and I got the expansion chassis for adding a regular GPU graphics card for it also for (cough!) GPU

mining...(not gaming .really) (cough!) on the justification I use for miners.....after all, was said and done my AHEM business computer cost me 25% of what would

have moved out to the tax man anyway (truthfully it really will be used mostly as a business computer..but AHEM a few games may be on it) :)

yep.....that is where I'm at with taxman and my silly risks...you very well could be right!

again, you very well may be correct...but if Siacoin folk...DO get their system to be used to drop down storage rates to 10% of Amazon in an anon and widespread cloud method..that
is where these machines will work..not on coin price...it has to have the function they want the coin and the asic's to be used for

also, I have heard the same story about this since 2013 for KNC Jupiter 550gh BTC mienrs (2013) KNC Titan 300mh Miners (2014) KNC Titan 400mh Liguidation/Bankruptcy sale miners (2016)
(now that was scary it was KNC we could have gotten a box of liguidation rocks in a box!)  and of course my bet on $6 buck LTC floor on April 1st 2017 and getting a mess of Bitmain products at the time (2017)

stuff I've got burnt on  BFL (2014) (one of the few who got a full refund just before SEC shut them down)
Alpha-Tech Scrypt Miner 30% down pre-order (also Amex refunded me thru luck)

both the above used PAYPAL for crying out loud...thus thought was protected.....er not really

so yeah, there is that silly risk thing..but all my crypto was made by mining and most was made by pre-orders...so unless you go bitmain all the way..these are the current
choices/risks

(I agree, I don't have a clue...how I proceed w/o having a clue....feeble rationalizations are my main way to cope in the crypto world) :(

You should ask that question to people buying the DragonMint, from a website without any address or name. The Obelisk company is owned by Nebulous. Both companies are incorporated in the US. Obelisk devs are not anonymous either, we know their real names. So, if they try to run with our money, they go to jail, plain and simple.

Beyond the fact that these are real people, they are available in the Discord channel, every day. Community behind this project is great.
Because of the facts above, I decided to buy a couple of units. I know there are risks, new company and everything, but I don't think it's a scam. I wouldn't order DagonMint however, since "HalongMining" is an unknown entity.

That's not how crypto works. There won't be any "flood of new coins", difficulty auto-adjusts and coin supply remains constant. GPU mining may be dead before that, if enough Giant-B units are sold by Baikal.

won't matter the siacoin is being used with the asic's to run a network of anon cloud data storage (unlike Amazon where they can give your data to gov't or corp etc) at 10%
the amazon current data storage prices.....

that is what will drive the price of the coin....their storage idea....this price on siacoin right now is just a perk

the real money is on the asic's and maybe once the network above shows legs...then reflected in siacoin price

anyway, my take on why I'm in this with the original 5 units

as to decred..unsure about how that coin works and any asic 'chops' it may have future wise

Yup you hit the nail on the head In fact looking at the current hashrates for both Testing has probably started and will increase until its time to ship .. or the power / income ratio doesn't make sense anymore Then everyone might get lucky and they will ship early :D

You either trust this team and you buy, or you don't and you stay away. They have clearly said they won't start mining in the real network until the customers get their units. Also they have committed to max out their mining at 20% network hashrate. The sales numbers they publish in their website includes their 20% (what other asic manufacturer publishes this number?)

Please remember, this is a US based company and they can be sued if they lie, even go to jail (I bought only 2 units, but I'd be in the front of the line for the class action if they screw me, once I trust someone I can be really pissed of if I get betrayed)

As for calculating profitability this is available: http://www.sialytics.com (http://www.sialytics.com)

just get the A3 from bitmain and mine in a week from today, instead of wating for AUGUST .... 815 Ghash performance
https://shop.bitmain.com/productDetail.htm?pid=00020180116164357365a2ljX8gx06D3

Eh, that's not for Decred... (and out of stock)

Don't have a decred miner coming...but if I did I'd be waiting for the other shoe to drop from Bitmain....I bet you..they will announce a decred

miner within the next month...count on it....

(bitmain: evil is how we roll!) (tm: bitmain)

If they don't make it then someone else will maybe a few months later.  The only way I see to stop asics from being developed is for a coin to have a position like the monero project where they just openly say, if we find out that there are asics on the network then we will fork the code to break it.  I don't see bitcoin core ever changing their algo, and even if they did the miners would keep on mining the old chain or just switch to bitcoin cash.  I think Satoshi let a genie out of the bottle and we might not be able to put it back in.

Any one can incorporate in the US for as low as $49-$200. Their bank has shut down the business account and now they accept crypto only. For the legal US based business it's not possible in fact, so the bank has suspected fraud and shut down their account. Too many shady facts about this obelisk make it 90% potential fraud.

Well between the above....and Bitmain selling A3's for $980 now (March 2018 delivery) .....and my 5 obelisks...my snap/crackle/pop breakfast cereal is getting soggy....

lost my frigging appetite....

thou I did get the email that my Obelisk FREE T-Shirt is on the way!

(why do I get the feeling I will be framing this T-Shirt and hanging it on the wall....with a small sign that said...I ordered 5 obelisk Sc-1 units and all I got was this

lousy T-Shirt!) Reality wise....this is no longer an unlikely senario..it seems :(

Is there any source/way we can build a decred ASIC miner ourselves? I'm asking because some countries may have laws which prohibits them from importing large number of miners. But I really want to add to the hash rate and decentralize our networks again.

Looking for the most ‘reputable’ decred calculator.

Also ordered one 1st batch. Anyone remember the supposed ship date?

Thanks. Don’t trust the calcs for decred I found.

End of June 30th but they will try to release sooner. I have heard no updates from obelisk tech yet. Hopefully they release on time or earlier bc Chinese decred miners are hitting the streets already.

Where does one find these Chinese miners?

I thought that was SC-1 siacoin miner at that date? And decred 2 months later?

Hope I’m dead wrong.

Ya I am exactly not sure,  This miner was a speculative bet wild card for me,  Whatever happens, happens, I only risk would I could afford to lose on this.  Maybe this might be a rare collector item in the future, While everyone calls them bricks, I think they tell a good history in crypto mining and some museum may collect it 10 years from now. Hodl your asic miners.

Selling 1 coupon for Obelisk Asic ($250 discount). Pm me ;]

Here is an email I got when I asked about the release date for the 1st batch of the DCR1.   Im still staying hopeful.

"Thanks for the support!  We are working very hard these days to get things out on time!

We will be sending out a more detailed update next week with near-final specs and production updates.

The short answer is that we are currently on track to ship Obelisk Batch 1 as scheduled, by June 30.

We can't comment on specs until the testing that is currently in progress is complete, but as of yesterday, we have fully-packaged ASIC chips in house and testing is in progress.

Our update email should have more on the specs.

Thanks, "

I hope someone is is watching these post.  I ordered a batch 2 decred miner.  wired the money but never got a confirmation.  I email Obelisk this week and was told they have no record of my order but not to worry.  Here is the email:

Jeremy from Obelisk (hello@obelisk.tech)
To:you Details
Greetings,

Thanks for reaching out! So I doubled checked our system I do not show that we received a wire transfer for your order. Before you panic, that does not mean that is was not sent. Our bank unexpectedly closed our wire account due to attempted fraudulent use of our information. This caused a number of our transfers to not arrive correctly.

If you would check with your bank to ensure the funds were not returned to them or are not awaiting further instructions we will begin the investigation process. If they show it was successful on their end we simply need a few pieces of information to track it down.

a.) Name on the wire
b.) The order number that was included on the wire
c.) A picture or pdf of the successful wire that included a reference number. This is important as it is how our bank will be able to locate it in the system.

After I receive this information I will pass it along to the financial team for them to work on. There is no need to worry, they are very good at their job and have located every missing wire we know about.

We do apologize for the issue, it is one of the reasons we had to switch to only accepting Bitcoin as payment.

I look forward to your reply.

—
Jeremy
Obelisk Support

On Wed, May 2, 2018 at 08:34 am, hello@obelisk.tech wrote:

Thank you so much for contacting Obelisk! This is an automated response. Be sure to check out the info below and browse our FAQ.

Our Batch 5 sale is currently closed.
Watch our site for info on what's next.

If you are waiting for a payment confirmation email
This will take about 1 day for Bitcoin payments.

If the website is showing any incorrect information
Make sure you clear your cache and refresh the page.

Thanks so much for your patience and support. We will get back to you as soon as possible!

– Team Obelisk

Discord | Twitter | Reddit

On Wed, May 2, 2018 at 03:34 pm +0200, notifications@helpdocs.io wrote:

I ordered a batch 2. I never did get a confirmation email. The wire was sent and has cleared. Also how do i sign to check my order. The site keeps saying my email is invalid however i used the same email to order


So we preorder and they cant manage the orders????/    I'm smelling a scam

Not a scam, They had banking wire issues which is not surprising since most banks are anti crypto and will screw you over.  Just keep emailing/call them to sort it out.

People are selling batch 2 Obelisk miners for less than the new batch price (and you'll receive them sooner, too) on the Discord channel.

I should do this...but they are MY doorstops damn it......(er wait ...that is the 5 obelisk sc-1 siacoin miners.....)

er...nevermind...I'm getting my ONE decred miner (August? 2018) 2nd batch? for FREE...or/er/well for 4 800 buck 1/2 off coupons...and the other $800 covered

(tried to talk my buddy out of it ..but he is a whale and got like 15 decred miners so WTF...no one listens to me...)

So, for once I may actually KNOW I can ROI on an ASIC unit of some kind! Just have to beat $1 over the electric cost!

(Dare to Dream!) ...er but than again...I have 5 obelisk doorstops...so meh! :(

Yeah, I have a few of each coming in Batch 2. Wishful thinking? I hate to sell at the going rate among miners and I can't bring myself to knowingly weasel some noob on ebay, so I guess I'm left with overclocking and cheap KWHs.

Maybe SC wil hit 1$ over 10 years..then we are all good! :D

ok I spent 2 hours at the bank today.....mostly just waiting to talk with a rep.  Turns out my wire was cancelled because of a wrong account number.   Must have been a typo in Obelisk's directions because my wire transfer is exactly what is on the directions.   I'm on the fence about this one.  Should I let it go or go ahead with the purchase?  Batch 2 cost was $1679.   I do have a dragon mint b29.   Im about 50% ROI at mining from 12 Apr ( 26 Days?)  When I spend money on crypto equipment I never spend more than I can lose and immediately write off the costs.   Thats whats causing why my indecision.  The more I think about it I should probably keep mining with my $10.5 K dragon and save that 1679 for my next asic........what would you do? 

I'd punt..it is not looking like you'd get your investment back....I have a buddy who used 4 of my 1/2 coupons on this ..also batch 2 I think....and for the coupons he covered
the last $800 for me (tried to talk him out of it)..so we have 1/2 off coupons and it is looking iffy...

by the by, I'd put some major money on Bitmain having a Decred miner out by August 30th when I think the 2nd batches are supposed to ship

so hell, we don't think we are going to ROI...at 1/2 off ...I'd punt myself....I could be lucky and wrong...but again ...beware of Bitmain, that is my bet on them doing a decred

miner and the usual, dump them out like 'toasters'

Myself, I'm getting ONE Obelisk Decred Miner for the coupons for free....so no harm at my end....but with the other considerations of folks NOT swapping coupons for equipment

not looking good (then again for those 5 coupons...1/2 off ...I have 5 dubious siacoin sc1 miners in the wind...so there is that little fly in the ointment!)

ie....run!

brad

Latest Update from today:

https://medium.com/obelisk-blog/obelisk-update-january-may-2018-739229a930ec

This usually happens. Pretty much no different than 2012-2013 when I think it was Butterfly labs was taking preorders for their ASICs.

Same happened in 2014 with KnCMiner and their Neptune miners.

All were delivered very late and were pretty much door stops.

pretty much said the same thing on the other thread (see link below) Although, KNC miner had their 1st chips out in 3 months from design/chip and unit..fudged up after that thou...

https://bitcointalk.org/index.php?topic=1060294.msg36716928#msg36716928 (https://bitcointalk.org/index.php?topic=1060294.msg36716928#msg36716928)

So their gamble on TSMC of a 1-year production...did NOT work out ..(maybe)

the last ASIC chip as you said we're missed 4 or more times (they kept screwing up at the wafer end)...So Obelisk must have gotten a pretty

good rate from them to try this again..and it still took 1 year! KNC Miner in 2014 had a chip designed/out/in machines in 3 months!

Anyway, it is probably 'moot' anyway, the network that the ASIC's are to work with, does not look near ready to me...with the Bitmain Sia-tech units

and the Decred miner, Bitmain will likely have out in the next 2 months....well...doorstops indeed

anyway, hope I'm wrong, but was my 'fear' as soon as they announced TSCM chips and a 1-year delay, to be sure, seems they ate up that year

already..

cluster

brad

Easy answer.  Just stop doing preorders.  Need to learn from history, it will usually end bad if you preorder something.  Less risk if product is in hand (although you will either pay more or the payouts will be less than originally thought.)  Either way preordering equipment months in advance that literally are useless in less than 12 months lately is too much....

new update.

https://medium.com/obelisk-blog/obelisk-update-january-may-2018-739229a930ec

I was pretty good at this kinda pre-order thing...but then latter part of 2017..bitmain as a monopoly started to play games and kick them out like toasters..it messed up

my method...I likely (the siacoin miners) (in usd anyway) will make 40% on my siacoin miners (5) and this decred (1) after electric....if so it is break even, oranges to oranges

I also expect a decred miner by them within the next 2 months...


but yeah, crypto for miners...can't get that to fly anymore..in any rational manner...sell some stuff from the attic get 1 miner ..sure....but mine crypto to get miners

on pre-order with crypto...that boat has sailed I'm afraid...I can't find an angle anymore worth the risk since last fall or so...

found a decred calculator and man is it ugly! The what to mine site below:

https://whattomine.com (https://whattomine.com)

er....found the calculator of what it would do today...yep doorstop as well it seems ..at my 14c kWh data hall rate with rent anyway...

looks like by end of Sept 2018 say, will be better off just staying in the box also. (for doorstop use, units staying in the box MINT, make

for ease of use (less friction) as doorstops...a helpful hint)

anyway what the what to mine calculator says I'd make TODAY if I had one at the 14c kWh rate at my data hall with rent for electric.

https://whattomine.com/coins/152-dcr-blake-14r?utf8=%E2%9C%93&hr=1200.0&p=500.0&fee=0.0&cost=0.14&hcost=0.0&commit=Calculate (https://whattomine.com/coins/152-dcr-blake-14r?utf8=%E2%9C%93&hr=1200.0&p=500.0&fee=0.0&cost=0.14&hcost=0.0&commit=Calculate)

8c a day...pretty much what the above obelisk sc-1 blake2b doorstops (siacoin) are making a day as well if I had those 5 units as well.

oh well, live and learn. Thus the total down after taxes and equip depreciation etc on above 5 obelisk units to get this free decred miner from 5 obelisk sc-1 siacoin miners, was still 1.11 BTC, again live an learn.

(I got this, free decred miner, again, for 5 unused 1/2 off obelisk sc-1 siacoin miner coupons..my original doorstops now, so you can follow

my logic on the decred miner here, again it seems by the below calcs also unlikely to be nothing more than a doorstop by end of Sept 2018.

below for those interested is the price at the USA average electric price (summer rates) of 12c kWh w/o rent at a data hall.

https://whattomine.com/coins/152-dcr-blake-14r?utf8=%E2%9C%93&hr=1200.0&p=500.0&fee=0.0&cost=0.12&hcost=0.0&commit=Calculate (https://whattomine.com/coins/152-dcr-blake-14r?utf8=%E2%9C%93&hr=1200.0&p=500.0&fee=0.0&cost=0.12&hcost=0.0&commit=Calculate)

yea! you make 9c per day at 12c kWh vs 8c per day at 14c kWh my data hall rates included. (FML)

anyway, that is the ugly on all this, thanks for listening..but man do we need a price pump on coin!

So to 'sum up' even my FREE decred miner (if/when it comes) by the time it comes in Sept 2018, will also be left mint in the box,

damn, the sia-tech people seem to be in full 100% doorstop mode on EVERY ASIC, they ever made. Gonna be damn hard, as

a result, to run their 'vaunted' siacoin decentralized storage network with those ASIC's after they blow out the GPU miners, if

NONE of the ASIC's can mine more than electric at these siacoin prices.

As to the decred miners, as an aside, they won't even get out of their cardboard boxes with the other bigger ASIC's already out.

well, at least I know I guess...doorstops...

later

brad

Yep Im waiting for my decred miner.  Stuff like this is very disappointing and this will be my last miner.  Strictly just buying coins/trade now.  

Lets talk about some future potential upside strategies.

 1) Hold every coin you mine, don't sell till decred hits $500 at least

2) your equipment is a deduction and your earnings which is not much can save you during taxes, pay less or none to IRS,  maybe even offset your trades profits if you mine in the negative.

3) Invest in solar panels so that way your hardware is never outdated.

4) others miners may capitulate and stop mining thus giving you more coins in hindsight in the next bull run.

Not a good position to be in but trying to make the best out of a bad situation

all of the above is fine, but I can counter with this

1) I also am not getting any more miners...if I want to gamble I get LISK a pos coin for my trouble. IF crypto comes back in price

so will LISK IMHO, if I'm wrong and crypto does not come back we are all screwed anyway

2) It makes no sense to mine at an electric loss on any obelisk units be it siacoin or decred...if you are mining at a loss you

are paying MORE for electric than the miner is putting out. Thus better off just putting them in the box and if following your logic


At least you are paying out EVEN ...which means NO LESS than you would with electric on these units anyway....thus why mine

are going to stay in the box as doorstops.

4) on the other hand your point about the electric I would have put into these makes sense ..you could take that amount of $$$

and put it into decred or whatever...I may do that as a 'thought experiment' but will likely put the output into LISK instead. At

least it pays almost 1% a month back (or 0.009%) ....hey its something....but your logic holds, except for the fact if paying more

in electric than you are getting out of the units...pay the electric anyway, leave them in the box and as you said get the decred

you can that way....a bit more decred...and/or same result.

yeah, it really is that bad with these units...what is hilarious in my view is NONE of obelisk products the obelisk sc-1 for siacoin

or the obelisk decred miner will EVER make more than electric from their birth in  your data hall....a complete goose egg.

last year with my tax rate and 25% equip deduction that left me with these units as a (5 obelisk's the decred miner (1) was free

for coupons on above 5 1/2 obelisk sc-1 units..not that, that makes any difference in doorstop status) anyway, my risk after above

at 41% tax rate and the equip deduction was a 34% RISK...I thought 'surely' no matter how bad it all was I could mine 34% of the cost of

the units back to 'break even' at least after electric. Boy, i was beyond wrong, even a 'free' above decred miner likely won't be worth

turning on at this rate. (though we may have worse problems in as I look BTC has tanked to $6550 usd) ....

So hell, mine is staying in the boxes..though i may do your electric outlay example each month in the coin of my choice just to see

if that makes any diff ..in that was what I was gonna pay ..if they could float anyway....

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

brad

Well, my free, for coupons on other 5 siacoin obelisk units of (1) decred miner likely also will not ROI and it was FREE!

Bitmain (IMHO) has been probably mining these decred miners for months, thus the fact they are available for shipping this week

at 7.8TH and 1410 watts ...well, by the time I get my 'supposed' free obelisk decred unit above, even that will likely not make

more than electric.

here is the bitmain spec link and price $673 USD without PSU and shipping and any 'tariffs' in the USA. You also it seems to have to

fill out a KYC application with a preference for PASSPORTS....or a delay on other forms of KYC, or so the site said.

https://shop.bitmain.com/product/detail?pid=000201809211239039316aJFu5gm069B (https://shop.bitmain.com/product/detail?pid=000201809211239039316aJFu5gm069B)


I suspect again, these units have been mined for months previous to this, me and a buddy always wondered why bitmain was not

releasing a decred miner, well, better to run them at the depressed prices this spring/summer I'd guess.

Anyway, my 1.2th 500-watt decred miner and 14c kwh NOW if I had it would make 47c a day (no ROI issues it is was free for 5 obelisk

coupon swap for this (1) decred miner

One small catch, I don't think my batch 2 decred miners will be available for 4-6 weeks yet at best. The bitmain units ship this week.

Thus my view, they've been mining these units and thus they will hit the world in mass quantities of toaster variety lots.

So, even with a free unit, I'd be that I could not make money over electric at these decred prices with the mass of hash that is gonna

hit the decred world...would be nice to be wrong ..but I doubt it.

(according to what to mine site) https://whattomine.com/coins/152-dcr-blake-14r?utf8=%E2%9C%93&hr=1200&p=500&fee=0.0&cost=0.14&hcost=0.0&commit=Calculate (https://whattomine.com/coins/152-dcr-blake-14r?utf8=%E2%9C%93&hr=1200&p=500&fee=0.0&cost=0.14&hcost=0.0&commit=Calculate)

Hour    0.000000    0.002315    0.000013    $0.09    $0.07    $0.02
Day    0.000000    0.055556    0.000320    $2.15    $1.68    $0.47
Week    0.000000    0.388890    0.002240    $15.04    $11.76    $3.28
Month    0.000000    1.666673    0.009599    $64.45    $50.40    $14.05
Year    0.000000    20.277855    0.116793    $784.13    $613.20    $170.93


ugly, ugly, no hope for those who paid for these either

as to the $637 Bitmain unit with shipping and a PSU call it $775. On top of that, there may be 25% tariff to USA (unclear).

But say you got it, with PSU, for $775 complete. Says about a 90 day ROI, again if you had one in hand now at 14c kWh.

the hash from what to mine is below and a daily cost (because you can get it next week) of $9.32 per day...except for the fact

I think that Bitmain will dump so many like the D3 and B3 miners as to make it just possible you will ROI and then they are doorstops

we will see, but the prices are below if you had one now at 14c kWh (elec and data hall summer rates0 and 7.8TH and 1410 watts

Hour    0.000000    0.015044    0.000087    $0.59    $0.20    $0.39
Day    0.000000    0.361053    0.002094    $14.05    $4.74    $9.32
Week    0.000000    2.527373    0.014659    $98.37    $33.16    $65.21
Month    0.000000    10.831598    0.062823    $421.61    $142.13    $279.48
Year    0.000000    131.784437    0.764350    $5,129.55    $1,729.22    $3,400.33

Looks a LOT like the B3 fiasco, so I will likely pass, and I have a $100 Bitmain Coupon!

Don't forget the tariffs and new import fees in the USA if you get one ...that could add $200 plus to the price with shipping etc

Anyway, I should start a pool to see if my FREE decred miner for 5 obelisk sc 1/2 off coupons can make more than it uses in electric

in 4 to 6 weeks when it maybe arrives. (likely, I'd make better bucks on such betting pool than the free miner)

Ah, again, at worst to me it is a free doorstop (to go with my other 5 siacoin obelisk sc-1 doorstops in the box yet)

live an learn I guess, bound got get caught by someone in ASIC miner purchase land from 2013 till now, at least it was the

last ASIC's I'll likely ever get. I always knew I'd go one ASIC buy too far, this was it. :)

I am sorry for your loss those who had to purchase this doorstop of an obelisk decred miner vs my free one, I use my free

the analogy to point out how ugly this all is. It is not that it matters free or not, likely they won't be worth turning on for the electric use. :(

later

brad

you are right searing, they have been mining on them for MONTHS

Any time Bitmain releases a miner the next week after an announcement of a supposed NEW product this is the case.

heh...

obelisk needs a 'switch' to change algo's or allow their decred miner to just mine ONE of the decred coins as an option..or something...the decred miner is a 'brick'

I'm getting one FREE for 5 1/2 coupons from my 'dubious' siacoin miners purchase. Right now, if I had one in hand, I'd lose -40c a day if in hand now.

This is 2nd batch so likely other 4-6 weeks before arrival


 -0.02c per day! Amazing a NEW unit and FREE and it looks likely I would never make a profit on it over electric costs. By the time it arrives.

Well, it is prettier than just having the 5 coupons lay about I guess. Paperweight wise. :) But I mean 'really'! :(

At 1200gh and 14c kWh for data hall electric rates and rent and 500 watts...

Hour    0.000000    0.001386    0.000008    $0.05    $0.07    -$0.02
Day    0.000000    0.033256    0.000200    $1.28    $1.68    -$0.40
Week    0.000000    0.232794    0.001401    $8.93    $11.76    -$2.83
Month    0.000000    0.997688    0.006004    $38.28    $50.40    -$12.12
Year    0.000000    12.138542    0.073045    $465.77    $613.20    -$147.43


Anyway, an aside for those on here that 'only' got stuck with the siacoin version of obelisk machines..it could be worse...

brad