Anyone care to comment on why Siacoin is down to almost 100 satoshi while Storj is soaring up over a dollar fifty.
Pump & Dump It's a valid question, and of course I can't answer with certainty why one coin moves one way, while another moves a different way in the short term. Any answer would be speculation. BUT i will say this much... I think the Sia team is taking a more measured, long term play. They are focusing on their infrastructure, technology, scalability, updates, and (with these Obelisks) securing their network /blockchain. Sia's development team seems to be less focused on short term pumps... keeping their marketing powder dry for when their network is actually able to compete with data storage juggernauts like Amazon... You only get one chance with some of this stuff, just my rose colored humble speculation.. |
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Wow this is great. What this SIA ASIC actually means to me:
OBELISK ASIC = 3 MONTHS ROI = PROFIT $$$
However, with more of the coin will in circulation, what impact will this have on SIA price?
Well...not sure that is gonna happen.....been buying ASIC's since 2013...thus....IF and I mean IF their ASIC equipment can ROI from say 10-12 months, I'd consider that a win, with the equip deduction, that in USA can all be taken that particular year. As to other silliness Well...I'm considering NOW, getting 2 more siacoin Obelisk SC-1 miners to make it an even 4 miners total. (1 in batch 100 and 1 at around 1300 mark..this 2 unit batch would probably be above 1500 mark) mainly because I need the equip deductions and BTC as I speak is at $3407 usd. Which comes out at 1.488 BTC or .744 btc each. Anyone else on who is considering same......(uncertainty loves company)  Hats off to Searing for putting his money where his doubt usually is. Personally, I threw a bunch of crypto towards hardware that's FINALLY starting to arrive. I bought an Obelisk the first hour they went on sale, but haven't bought another one since. I'm hoping to buy 3 more when my crypto flow allows... and a(n irrational) part of me is worried they'll sell out before then... Luckily the sales counter seems to be on my side. On a side note Searing, if you're buying 4 SC1s... how do you plan on stacking your Sia when you're mining? Do you plan on holding Sia, or trading out of it? Reinvesting it in the SC2?... ... or maybe selling data storage at a reduced rate? A combination of all 4? |
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However, with more of the coin will in circulation, what impact will this have on SIA price?
None to little. The daily Block Reward will stay the same but mostly distributed between Obelisk owners. Nobody can accurately predict what impact these ASICs will have on the price of Siacoin, BUT I CAN give you my rosy speculation if you're interested... Crypto is such a new asset class, it's hard to find precedent / correlaries... That being said, if you look at the trading patterns of Litecoin and Dash after their first asics hit the market, I believe you'll find that the price initially dropped. I asssume a lot of that was miners looking to ROI by converting to btc or cash, but who know? That was in the short term... had those miners HELD ON TO what they mined, even when the price dropped, they'd probably be millionairs now, or close to it... In other words, if you factor in the giant price increase of ltc/dash, those first gen asics were EXTREMELY profitable, in spite of the initial dip in price. That's not to say that will happen here... 2 alt coins are a very small sample set There's also a big difference between the Obelisks and those first generation ltc/dash Asics...The companies that built the first litecoin and dash asics did so because they thought it would be profitable... they thought it would be profitable because the price/profitability/interest in the coin was already present. Those factors probably/definitely could/do have a lot more to do with the meteoric rise in price litecoin and dash have enjoyed. The Obelisk Asic company, on the other hand, is comprised of the same developers ass the coin itself... They CHOSE to build an Asic for Blake2b, not because they thought it was the most profitable algo to mine, but rather to add security to their network. I do think that having a more secure network, AND a development team capable of getting an Asic to market is indicative of a coin that's going places, but nobody knows. It's uncharted territory.. They haven't even done it yet... But if I may make one humble prediction, I think that future mining newbies will do a quick search for what alt coins can be mined with Asics, and (with the oversaturation of other algos) seek out an Obelisk if only for the novelty and diversity. TLDR: While having an Asic doesn't guarantee any rise in price for a coin, I do think it's a good sign and indicative of a stable coin with a future. The success of the coin will ultimately hinge on whether people use their coin for decentralized data storage... But an asic is rarified air for sure, and great first step. |
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Look at what bitmain did to ibelink, baikal and innosilicon with the dash miners. Bitmain will ruin these companies with the d3, and noone thought bitmain would pursue x11, what if they pursue blake2b? Be very weary...
I dont think they will as SIA is just another ALT for them with almost zero value and Also by looking at the struggle for sale of Obelisk would have put off any company thinking about the same. They are not really intrested in Technology behind a coin, all they need is your $$$ and I dont think SIA will cut it for them. Couldn't have said it better myself... The only thing I'd add is that IF the day ever comes when Bitmain produces Blake2b ASICs... then nobody would be happier than first generation Obelisk customers. How does that make any sense? Well, if Bitmain decides that SiaCoin Asics are worth persuing, then the price of Sia would already be so high, and SiaCoin mining would be so profitable, that first generation Obelisk customers would have already made a pretty satoshi... That's basically what happened with Litecoin and Dash. |
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I think they are just lagging on the page, people on reddit saying they ordered theirs as recently as yesterday.
I just have issues sending $$$ to people who don't bother to market...its a business...I don't care if you sell hot dogs on the street...you have to have SOME communication on your product..this is silly, the lack of any info on main page etc .it is PR 101 for crying out loud. If they can't do that, it makes a guy wonder if they will "flub' the asic mnfg process and I won't even get a doorstop. I want to start a campaign to get team Obelisk to recognize this forum thread. I mean, there are existing customers here looking to buy additional units (myself included)... potensial customers consideeing their first purchase. If Sia's dev team wants to reach their market, they could do a lot worse. I've contacted their facebook page, slack account etc, but so far nothin'. Any ideas? |
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In fact, more so than worrying about other Asic companies coming to market with competing hardware designed for the Blake 2b algorithm, I'm much more concerned about OBELISK quickly releasing upgraded hardware.
While it's true that:
1) Obelisk has provided a coupon to first batch SC1 buyers, valid for any future Obelisk product.
And
2) they've promised 6 weeks of exclusivity to anybody who buys a first batch SC1. In other words there will be 4,000 SiaCoin Asics mining for those first 6 weeks, and no more... AFTER that, is anybody's guess.
6 weeks is a very short and long period of time in crypto mining. The greedy side of me, the side willing to take risks for huge windfalls, would of course like a longer exclusive period. AND it would seem (to a lamen such as myself) that with the struggle to sell 4,000 of them, that a longer exclusive period would be an easy thing to offer. They may be forced to offer a longer exclusive period, whether they want it or not... so I say, might as well offer it by choice...
But i've never financed, designed, produced, and released an asic before... so what do I know?
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250 GH/s would be pretty sick.. should just take take risk and order it. I'm just bit worried that bigger asic developers like Bitmain will announce their SIA ASIC in 2 months, same speed/price and delivery is in January lol
I seriously doubt SIA is on Bitmain's radar just yet. That all could change quickly however if the price surges. It wasn't until Dash caught fire that anyone was taking it very seriously. The small guys who managed to build an X11 miner and those who bought them when it didn't make a lot of sense financially came out in a pretty good place. But you had to be willing to go against the grain a bit to have that happen for you. By the time people figure out something is a good idea it is too late. The big move in price, performance, availability is gone. So I think people just need to think in those terms. The Obelisk is a an against the grain kind of move. It may be a flop, it may not happen, or it may be a huge windfall for those who took the risk and locked in these miners. Once people finally decide it is a good idea you won't be able to find these things as they won't be able to produce them or produce them fast enough. I haven't bought one yet, but I hope to scrape up some cash to at least get one. I will probably wish I had bought as many as I could get my hands on. Right, anybody who mined / stacked litecoin or Dash with first generation asics made out VERY well, no matter how many new / competing models came after. In this case, I don't see another Asic company swooping in with a better Sia asic anytime soon. The Obelisk team launched it to secure the network and increase the value of the coin. But they're struggling to sell a batch of 4000, so I don't think other companies will spend the time/money until this one is proven successful. In fact, I'll go out on a limb and say that (imho) a different ASIC company launching a competing model would be a good thing (for SC1 prebuyers)...Or at least symptomatic of lucrative returns... It would mean that the profitability of THIS SC1 model was so high that other companies want in on the act. By the time that happens, Obelisk SC1 buyers wouldve already made a pretty satoshi... |
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We are legit  That's cool. Would you happen to have any satisfied customers you can point our way, or links to bitcointalk threads that chronicle successful trades? It's just "i am legit" isn't as concrete as what we usually go on... |
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Anybody have any idea about the electrical requirements of some of these devices. I know the wattage, but I'm finding the voltage / amps hard to come by.
Especially looking for details on the Ibelink 10.8 GH/s DM11G and Bitmain's D3.
Thanks for the help.
Power Supply: 110V to 240V, 50Hz/60Hz It should be between 4 to 7 amp Thank you so much for your help. Is that for the D3 or the Ibelink DM11G? I assume you're talking about the D3, but just wanted to make sure. If the Antminer power supply has that range, is it reasonable to assume the D3 will use high end of that voltage range? Since their other lower wattage asics use the same power supply, I'm thinking the D3 would use more voltage than those lower wattage asic models (L3+, S9). |
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Anybody have any idea about the electrical requirements of some of these devices. I know the wattage, but I'm finding the voltage / amps hard to come by.
Especially looking for details on the Ibelink 10.8 GH/s DM11G and Bitmain's D3.
Thanks for the help.
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Has anybody here successfully ordered fromHardware Bros befoew? Or are they so new that they don't have a proven track record?
Hardware Bros, do you have any satisfied xustomers you could point us to that can vouche for your legitimacy?
Thank you for any and all help.
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I'm consulting on the ASIC design here - it's currently in progress.
Welcome to the thread. Is there anything you can share regarding the progress of this ASIC is it on schedule? Isthe 250 GH rate speculation, or based on something more concrete? Is development in line with the original schedule. Any insight you can share would be greaty appreciated... |
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Very itriguing. Pretty sick gamble. Do they have a working prototype already or are they still scratching their heads and trying to figure it out ? And if it goes south there is no chance whatsoever of getting your money back ? I mean.. world of crypto is changing pretty fast and 1 year is long time...
The last I heard from their slack / reddit thread is that they were designing the chip, and that the SC1 will be able to do 250 GH /s, instead of the original conservative 100gh/s promised before they opened pre-sale orders. A lot of people made the point that if a couple thousand ASICs are unleashed on the network, it doesn't really matter how powerful they are... they'll just be competing over the same block rewards, but I don't think that's the case. Some GPUs are still likely to mine against superior technology, the way that old scrypt and sha asics continue to mine. This upgrade in hashrate should bring the gpu miners' percentage, as well as discourage competition. Yes, a year is a long time (tho it is already a month sooner), but the future does happen. I suppose they could butterfly labs the presale buyers, but I don't know. The Obelisk company has the same development team as the coin itself, and they've been pretty active and open, especially compared to most other cryptos. I suppose we'll see, but if they deliver, It could be a pretty good way to secure a near mining monopoly on an up and coming coin, while the other asic algos get saturated with hardware... Just my 2 satoshis... |
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were is this miner available to order?
Obelisk.tech |
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I have been checking the obelisk website frequently in the past couple of days and the order number doesn't seem like it's moving from 1350.
I'm seriously considering buying one, but I'm waiting for this slump in prices to pass...
Do you people think they will last?
Not sure. I have 2 on order, but the lack of updating unit counts and info about them at least trying to get mh from 100mh to 250mh and other info on their main website, well it holds me back from getting more. A sign perhaps that intent is good, but they are in over their heads, imho, at the moment. The price of siacoin tanking is not helping. 💩 I hear ya... I mean, I think they just launched an update recently,which may explainntheir delay in unit sales updating... and I thought they already confirmed the 250 GH/S spec... Personally, I want the Sia price to be down... and their asic sales lackluster... it'll give me a chance to pick up a few more, as well as discourage other ASIC manufacturers from entering the BLAKE (2b) algo marketplace. But it's possible I'm being delusional, and overly optimistic... I wouldn't put it past me... |
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very nicely put together.
the asic market is interresting because you have a much lower profile next to some big hot gpu rig.
and those new beasts deliver amazing results.
i actually had one of the d3 in my shopping cart but i couldnt change eth fast enough.
if you had one today you would make close to 10k this month, with 15gh
now the people says 10k is too much for innosilicion, but it is supposed to have 30gh
so if you would have one today it would earn you 20k! EACH MONTH!
yeah yeah i know difficulty rise, but even if the profits drop to 3k with the d3,
lets imagen the innosilicon is capable of running at 30gh and makes you 5-6k each month.
its a no brainer. if you have 10k, but one. if you have 100k, buy 10!
because the magical word is ROI,
someone tell be a quicker way to ROI and keep on collecting money while driving lauching to the bank.
kw30 #deeponion w168c848/03
It's a valid point. I'd say that crypto mining with new hardware is (at least for the moment) is very promising in general. I'm not (unfavprably) comparing the Innosillicon A5 to other asset classes (mutual funds, silver etc.), but rather to other mining hardware options in the same algo. For roughly a thousand dollars ($1,000) less than the price of the Innosillicon A5, one could (hypothetically) buy 3 D3s and have 50 percent more hashpower (45 Gh / 30 GH)... Of coURSE the 3 D3s would draw more electricty than the one A5, but that's about it. |
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