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TL;DR
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– Team REKT Copyright © 2018 Obelisk, Inc. All rights reserved. it may be I only have a choice of which 'mining air' at an electric loss I might pick with the 5 obelisks. fork coin air mining or current sia coin air mining.... sheesh brad |
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$6000 seems to be holding a little too falsely to me. Got to be manipulation holding us arund this range, no?
The price fell all too easily from $8500 to $5800 but recovered to above $6000 (just about) but we’re holding here by literally $5 - $100, why?
My conspiracy driven mind tells me we’re being played by whales who are still accumulating at these prices before we begin the next bull run.
It just seems so artificial clinging onto $6000 for dear life & not showing any sogns of crashing significantly below it or pulling away & going up.
Bigger forces at play here, this is not just ‘the market’.
your implication that we cannot really know what is going on behind the scenes with any kind of certainty is not without precedent. Of course, if whales could push the BTC price down more without giving up their own coins, then they are likely to attempt such. Even though the time frames in 2015 were different, but we spent a considerable amount of the whole year of 2015 in the $200s and there were continued attempts to bring the BTC price down, but at a certain point, they ran out of sellers. Yeah, we keep revisiting $6k, and none of us know for sure if $6k is going to hold - but we have been here quite a bit, and we continue to return to around this price range. At some point, there are likely to be more buyers than sellers in this price range and at prices much higher than this, but I still think that it could take awhile to break above $10k and to stay there. Would be nice if we could get into the $10k striking range in the coming months, but seems to me that the odds are not really better than 50/50 in that regard, perhaps even in the 40% arena? Surely, I like surprises, especially upwards, but we should continue to prepare ourselves mentally and financially in case it takes longer than expected to get back above $10k. agree. 2 questions however 1) the revisiting 6k ... is this simply 'manipulation' at this point in time, due to the fact a LOT and I mean a LOT of ASIC miners, btc and others are folding. Some good-sized data halls as well. Thus forced in the situation of 1) paying off loans/debts etc with btc/crypto to the bank or whatever to cut down on monthly expenses (not to mention people, pulling out rigs) thus, once their house is in order (painful though it may be) hope to MINE LIKE HELL and HODL BTC (or whatever crypto) and replenish HOARD at the other side. It is a half-assed way to do this, but if you have big monthly expenses, cashing coin out now to minimize that and mine at the back end, from folk I know, seems to be what is going on. ie get the bank off my back, by selling crypto, have the bldg etc as a hedge, if all crypto goes tulips, and then with less expenses outside electric, etc and mine and HODL to get it back, after this August has passed. An everyone cashing out because, they got caught with their pants down, kinda situation...don't ya know.  So my point is, is this a 'short-term' adjustment by miners to a 'new reality' and thus the glut of BTC/crypto sales and getting their house in order? (hell, I don't know, tossing it out there for better minds than mine to ponder) 2) what exactly do you have to have for electric and such to make any money with BTC or LTC mining at these current prices? Like what? Something silly like 5c electric for your BTC or other crypto ASIC rigs? Hell if I know if bitmain is making money or losing money right now. I guess it depends on what the 'big, I mean really, big boys pay for electric". I've no clue. To sum up, is the boat on pow mining of any type, just awash and can be bailed out ..or is the pow mining (BTC specifically) sinking? Or hell, is what I'm saying has nothing to do with the price or any other issue with BTC or crypto at this time? Just a further aside, if any combo of the above is true, would that not mean, this too shall pass? (overproduction vs price) and with 85% of all BTC already mined, there simply will have to be a rebound (eventually)? (or am I delusional?) as usual, I think you see what I'm pondering here..but really have no idea of how widespread big miners are and if/or not they are in trouble like the rest of us ....or simply reaping the rewards as pow miners of any flavor are pulled and now doorstops at the lower end and higher electric price levels (middle and small fry data halls may be toast as I speak) thanks, as usual, I'm hoping the price is due to the above considerations, short-term and simple low volume and such being August and all. and again, nothing I've said above has any basis on the current situation this August or price of BTC or crypto and I've missed the mark entirely. (but then again, delusion may be my middle name, these days, got to have a reason made up or not!) anyway, above is where the rabbit trail of my mind is going brad |
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I love when this thread gets bumped, I always laugh when I read the subject of this thread. If SIA forks it will be absolute proof that they want to centralize this for their own greed. There are 5 ASIC manufacturers that have an ASIC miner out for SIA (6 if you count Obelisk). Thats about 3 more options than if you were GPU mining. And in fact the Baikal BK-B costs $400, and the A3 is available for $157, cheaper than a GPU. The FUD about Bitmain gets old after awhile. Maybe there were some valid points when Bitmain suddenly released the only asic miner but that is not the current environment.
I agree with your point of view. Here situation is clear: a SIA founder would like to save his investment in Obelisk. Don't care about the community but only about his own ass. Comparison with Monero's fork has no value here. Monero's team announced the fork before the Bitmain's ASICs hit the market. And the most funny is that Bitmain A3 is now the least efficient Blake2B ASIC. To fight against a paperweight... let me laugh this is likely true, however...they are kinda stuck..if they DO want to run a decentralized network for anonymous cloud storage at 10c to $1 non-anonymous cloud storage, that Amazon plugs, well, they really have no choice (again, this is confusing, but IMHO). My reasoning goes like this, people have been mining siacoin, the price has collapsed, the difficulty is high, thus, NO ONE will go back to GPU mining, and even the current blake2b miners, if they can't make even electric in a month or so ...well, no more network. (remember at these prices, even bitmain units are not worth running anymore) So, do they watch the whole project fold, because they screwed up and the coin/token they want to use to run their 'supposed secure ASIC network, for the decentralized and anonymous cloud storage solution. With, soon, no ASIC miner being worth, of any brand, running this coin...they are stuck. Thus the fork reboot, from their point of view, they have now limited the ASIC's to theirs (which they intended in the first place), the price of the coin as such (the new forked coin/token) would now be dependent on their decentralized anonymous cloud storage solution working no longer just priced by 'scarcity' in the GPU days, etc....and they can continue the project with some control. IF Siacoin was simply, mined and pumped, due to 'scarcity' without this network involved...well...it was and continues to be just a speculative coin due to price and scarcity. They will not be able to do this with their new forked token/coin..it will have to be based under this setup, on the success of the vision of cloud storage they have. That may not work, worth a lick either. But to be truthful, the days of siacoin amounting to anything for use vs the speculative price it still is now, well that boat was sinking anyway. So, fair or not ...it is Sia-Tech's attempt to salvage their original vision of a network with their machines for their cloud storage solution. Indeed, both mining versions may just be 'mining air', so to speak. I DO have 5 obelisk's coming and of course see this as the ONLY solution for at least the POTENTIAL for my Obelisk Sc-1's, not to be immediate doorstops. But again, Moreno is forking to get away from Bitmain ASIC's...this is just more of the same. A way to control their siacoin network for their cloud miner vision. But anyway, IMHO, if they do the fork, on a hope, because as I see it, Siacoin was doomed even before the price dump. With no way to use it for the siacoin network in its present form...it was just a matter of time. So one of 3 outcomes 1) fork kills siacoin in use/price and as a coin, to dismal fading away. Their forked coin/token with its intended use survives/thrives. 2) fork just splits the pain between both coins..which struggle...but Sia-Tech gets a half-assed attempt out of their cloud vision in use. 3) both forked coins fail from the fork...weaken each other...all comes to naught slim odds, no matter how you look at it. May very well be 'too little, too late' then again, I find the whole thing befuddling as hell, so we will see I can't even figure out if my first 5 Obelisk's were in the 1st batch or not? I know I got the 1st one, the first week, for a better coupon, but have no idea, how the batches were set up. I think I paid the same for all, so maybe my stuff is in the 1st batch? So about the only thing I have going as a conclusion now is I probably will get $90 and may get $450 back (peanuts) on this email. anyway, as they say, we will be the first to know, chump or champ ..it is always chump or champ  brad |
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BTC price of Lisk is steady, just like it was before. New Liskers sold thier coins because nothing happend, maybe even with a loss.Everyone is in panic and selling.
It is getting damn close to my $1.91 USD, I have to have on price to just break even on my LISK investment...shudder.... ugly, ugly, ugly brad |
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Kinda a bombshell below, submitted fof those who have NOT gotten a unit and did not get the below email (for you lurkers out there) and to start a conversation on this annoucement. hmm.....I may have to re-think my views on Sia-Tech NOT trying to pull something out of this cluster....kinda impressed at the effort, if unsure of the result, at this time. Got this from them via email below 8/13/18 ----------------------- start --------------------------------- The Plan Dear Obelisk Customers, Production is progressing, firmware is almost complete, and we expect to begin shipping units this week. We now have approval from our team, board, and counsel to share our plan. First, we will compensate Batch 1 customers with expected mining revenue. Since we missed the estimated shipment date for Batch 1, we will compensate all Batch 1 customers with the mining revenue that you would have received between June 30 and the day your order ships. As of today, this is approximately $90 for each SC1 unit and $250 for each DCR1 unit. If we miss the estimated shipment dates for Batches 2-5, this policy will also apply. We will begin sending out this compensation to customers sometime after Batch 5 ships. Obelisk will calculate your expected mining revenue based on a hashrate of 800 GH/s for SC1 and 1500 GH/s for DCR1. Compensation will be in USD, and will assume that you exchanged your mined coins for USD on a daily basis and that your electricity cost is $0. In the coming weeks, we will put together a more complete guide to receiving this compensation and publish our official calculations so that they can be reviewed by the community. Depending on Obelisk’s financial position after delivering Batch 5, it may take several months or more to compensate all customers. Second, we will release the SC1 alternative Blake2b algorithm in the coming weeks. This will give the Sia community the ability to fork and could invalidate all non-Obelisk Siacoin ASIC miners on the forked chain. The Sia core developers are currently considering community member FaustianAGI’s proposal and will soon be issuing an official response. As of today, all Nebulous (the company employing Sia’s core developers) and Obelisk employees are supportive of a fork. There are still many details to solidify, but we pledge to provide additional information in the coming weeks. We are working tirelessly to deliver your orders, and will continue to update you with our progress. Best, – Team Obelisk Copyright © 2018 Obelisk, Inc. All rights reserved. ---------------------- end --------------------------- Also below is the 'embedded' link in the email below...for consideration....the proposal for funding of development (from what I gather) ------------------------ start --------------------------------- https://www.reddit.com/r/siacoin/comments/94ji0q/a_community_proposal_to_resolve_the_obelisk/-------------------- end --------------------------------------- I'm not exactly sure how this is gonna work out...but I must admit I'm impressed they are trying like hell to do something about this mess We will see.....I will happily 'eat crow' on even an attempt to pull something out of this mess...So kudos for them attempting such at least... Anyway, some of what they are trying to do is confusing yet and unclear, I will let better minds than myself comment below on such for clarity...this is just a start to the conversation on this we will see Brad Forking sia will be a disaster for Innosilicon s11 owners. On the upside though it may put less selling pressure on sia which has taken a beating on its price lately. from what I understand from the above muddled cluster of info (unsure) but it looks to me like if they FORK that is what would be used on the token network for the decentralized storage asic method...the siacoin as NON forked would exist as it is now....(do I have that right?) bitmain stuff is already out of the running on this...and won't be able to 'supposedly?' do the new algo coin, as it is a non obelisk device... anyway...is the above correct? double check me if you could and comment below..but i think that is a rough idea on how this pig might fly brad |
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The price of BTC last year at this date of 8/14/17 was $4,145.44 on https://www.worldcoinindex.com/coin/bitcoin listing. Just an example of just how complete a 'bubble' the price was and a caution of what it still might go down to (bottom) before any recovery. So, it may be more than just Altcoins that we may have to worry about, if as they say, a bubble sometimes goes back to the price it started from, before a rebound. (On the other hand August of any year, always seems to suck) brad |
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The price of BTC last year at this date of 8/14/17 was $4,145.44 on https://www.worldcoinindex.com/coin/bitcoin listing. Just an example of just how complete a 'bubble' the price was and a caution of what it still might go down to (bottom) before any recovery. (On the other hand August of any year, always seems to suck) brad |
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Kinda a bombshell below, submitted fof those who have NOT gotten a unit and did not get the below email (for you lurkers out there) and to start a conversation on this annoucement. hmm.....I may have to re-think my views on Sia-Tech NOT trying to pull something out of this cluster....kinda impressed at the effort, if unsure of the result, at this time. Got this from them via email below I am not 'entirely' sure of what this will do to Siacoin's price....I'll let others on this thread contemplate that...figured folk on this thread would need to know this as well as those who have Obelisk units. 8/13/18 ----------------------- start --------------------------------- The Plan Dear Obelisk Customers, Production is progressing, firmware is almost complete, and we expect to begin shipping units this week. We now have approval from our team, board, and counsel to share our plan. First, we will compensate Batch 1 customers with expected mining revenue. Since we missed the estimated shipment date for Batch 1, we will compensate all Batch 1 customers with the mining revenue that you would have received between June 30 and the day your order ships. As of today, this is approximately $90 for each SC1 unit and $250 for each DCR1 unit. If we miss the estimated shipment dates for Batches 2-5, this policy will also apply. We will begin sending out this compensation to customers sometime after Batch 5 ships. Obelisk will calculate your expected mining revenue based on a hashrate of 800 GH/s for SC1 and 1500 GH/s for DCR1. Compensation will be in USD, and will assume that you exchanged your mined coins for USD on a daily basis and that your electricity cost is $0. In the coming weeks, we will put together a more complete guide to receiving this compensation and publish our official calculations so that they can be reviewed by the community. Depending on Obelisk’s financial position after delivering Batch 5, it may take several months or more to compensate all customers. Second, we will release the SC1 alternative Blake2b algorithm in the coming weeks. This will give the Sia community the ability to fork and could invalidate all non-Obelisk Siacoin ASIC miners on the forked chain. The Sia core developers are currently considering community member FaustianAGI’s proposal and will soon be issuing an official response. As of today, all Nebulous (the company employing Sia’s core developers) and Obelisk employees are supportive of a fork. There are still many details to solidify, but we pledge to provide additional information in the coming weeks. We are working tirelessly to deliver your orders, and will continue to update you with our progress. Best, – Team Obelisk Copyright © 2018 Obelisk, Inc. All rights reserved. ---------------------- end --------------------------- Also below is the 'embedded' link in the email below...for consideration....the proposal for funding of development (from what I gather) ------------------------ start --------------------------------- https://www.reddit.com/r/siacoin/comments/94ji0q/a_community_proposal_to_resolve_the_obelisk/-------------------- end --------------------------------------- I'm not exactly sure how this is gonna work out...but I must admit I'm impressed they are trying like hell to do something about this mess We will see.....I will happily 'eat crow' on even an attempt to pull something out of this mess...So kudos for them attempting such at least... Anyway, some of what they are trying to do is confusing yet and unclear, I will let better minds than myself comment below on such for clarity...this is just a start to the conversation on this we will see Brad |
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Kinda a bombshell below, submitted fof those who have NOT gotten a unit and did not get the below email (for you lurkers out there) and to start a conversation on this annoucement. hmm.....I may have to re-think my views on Sia-Tech NOT trying to pull something out of this cluster....kinda impressed at the effort, if unsure of the result, at this time. Got this from them via email below 8/13/18 ----------------------- start --------------------------------- The Plan Dear Obelisk Customers, Production is progressing, firmware is almost complete, and we expect to begin shipping units this week. We now have approval from our team, board, and counsel to share our plan. First, we will compensate Batch 1 customers with expected mining revenue. Since we missed the estimated shipment date for Batch 1, we will compensate all Batch 1 customers with the mining revenue that you would have received between June 30 and the day your order ships. As of today, this is approximately $90 for each SC1 unit and $250 for each DCR1 unit. If we miss the estimated shipment dates for Batches 2-5, this policy will also apply. We will begin sending out this compensation to customers sometime after Batch 5 ships. Obelisk will calculate your expected mining revenue based on a hashrate of 800 GH/s for SC1 and 1500 GH/s for DCR1. Compensation will be in USD, and will assume that you exchanged your mined coins for USD on a daily basis and that your electricity cost is $0. In the coming weeks, we will put together a more complete guide to receiving this compensation and publish our official calculations so that they can be reviewed by the community. Depending on Obelisk’s financial position after delivering Batch 5, it may take several months or more to compensate all customers. Second, we will release the SC1 alternative Blake2b algorithm in the coming weeks. This will give the Sia community the ability to fork and could invalidate all non-Obelisk Siacoin ASIC miners on the forked chain. The Sia core developers are currently considering community member FaustianAGI’s proposal and will soon be issuing an official response. As of today, all Nebulous (the company employing Sia’s core developers) and Obelisk employees are supportive of a fork. There are still many details to solidify, but we pledge to provide additional information in the coming weeks. We are working tirelessly to deliver your orders, and will continue to update you with our progress. Best, – Team Obelisk Copyright © 2018 Obelisk, Inc. All rights reserved. ---------------------- end --------------------------- Also below is the 'embedded' link in the email below...for consideration....the proposal for funding of development (from what I gather) ------------------------ start --------------------------------- https://www.reddit.com/r/siacoin/comments/94ji0q/a_community_proposal_to_resolve_the_obelisk/-------------------- end --------------------------------------- I'm not exactly sure how this is gonna work out...but I must admit I'm impressed they are trying like hell to do something about this mess We will see.....I will happily 'eat crow' on even an attempt to pull something out of this mess...So kudos for them attempting such at least... Anyway, some of what they are trying to do is confusing yet and unclear, I will let better minds than myself comment below on such for clarity...this is just a start to the conversation on this we will see Brad |
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I’m calling bottom for the moment. We will go sideways for a couple of days then small bull market to follow. Price target $7200 - $7300.
I hope you have a direct line to the 'BTC crypto god's ears' ..... that would 'decrease' my 'pucker factor' by about 25% on my HODL mentality with BTC. |
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Throughout the last year I was told how "lucky" I was to have so many bitcoins. They wished they got in so "early" like me, that they were not so "lucky".
Think of all of the people selling right now. Think of all of the people buying right now. The people selling are doing something easy. The people buying are doing something hard.
Holding BTC right now is hard, it's not easy. When you do something that is hard and are rewarded, that is not luck. That is a reward that is earned.
I have earned every bit of what I have, and then some, having been through these tough times several times and not buckled.
I am not lucky. I am strong.
yep...I'm in the same boat....it was what on Aug 7th, 2017 BTC was 63,383.38 I think (see previous postings) right now BTC is at 6,311.63 USD. So fine, I watched it go from 19k to now 6,312.63....and same as you was in full HODL mode of my hoard since 2015. Living on Altcoins now (ouch! that may not last!) The real question is....when it starts to PUMP (assuming) and gets to 12-14k...will I then snap and sell in the OTHER direction? It was damn hard in HODL mode watching it go down..it MAY be just as damn hard not cracking if it goes back up anyway, if no bubble occurred last year at these prices vs 2017 at this time..we'd be doing cartwheels now so hell, if it is all a matter of perception and guess anyway, so far I've simply held (at least my BTC) same amount hoard since 2015. I'm either a genius or an idiot As they say, this price is 1) either the high or 2) or the low, as of right now..place your bets, folks... flip a coin, I guess brad |
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https://twitter.com/Excellion/status/1028426579158884352According to the Bitmain pre-IPO investor deck, they sold most of their #Bitcoin for #Bcash. At $900/BCH, they've bled half a billion in the last 3 months. If Bitcoin Core devs didn't disclose the Bcash vulnerability, it could've wiped a billion dollars off their balance sheets. Nearly two million BCH? Are they trying to emulate the Hunt brothers? The question becomes...is Bitmain 'bleeding' BCH to cash or (gasp btc) at this time? How if anything are they managing this, or are the locked in BCH for the long haul ride, at this point? or are they SO locked into BCH as a founder/miner/etc that to do so would gut the price, even if they hedged a little bit? probably no way to tell, but figured I'd ask they also have the misfortune to be 'committed' to a 1/2 billion dollar data hall arrangement in Texas. Likely, this was in the works months ago and they are just plain stuck. my point on this thread is ....does dumping bch hurt or help BTC or just don't plain make any difference if to cash say? |
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8/11/18 offers Just an FYI on what the market is doing for KNC Titans. I split a KNC Titan (6 cubes or 3 cubes for each of us) for $325 and including shipping. Got it off Ebay. That comes out for me and my buddy at $162.50 each. With the 'good old' 25% equipment deduction in 1 year off taxes owed IRS angle. That drops the 'real' price to $121.88 for a 3 cube Titan. IF the controller is worth 1 cube, that comes out to approximately $30.47 AFTER EQUIP DEDUCTION TO IRS. IF you include the controller at the same price as a cube. (See my above 3 cubes with controller Ebay price) Anyway, again, willing to pay $180 a 4 cube unit (complete) or $45 a working cube, using the above figures as a guide. These prices include shipping. I am a bit lower than the above auction, because of the week delay to set this up and pay on here and likely a week to ship. Not out of malice. Time is money kinda shipping/thing.  So I think $180 for a complete 4 cube Titan with controller complete and shipping. Or $45 bucks a cube is fair. Again will split that with my buddy, so he gets 1/2.....just so everyone does not think I'm too crazy at these prices. Anyway, above info for those 'lurking' gives you an idea 'as of today' what you can get per controller or cube with the above, both before and after the 25% equip deduction. They need something to read on this thread of note as well, even if NOT selling. later Brad |
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There are 9 different ETF's to be decided in next two months. People are afraid of this uncertainty which isn't disappearing else this is best buy point. Majority of people know this is temporary phase and will be over but when this is the question. People are not willing to hold for longer time that's why careful attitude is being seen.
I still think NONE of these are gonna come to pass in the next 2 years. Not with an asset BTC that pumped and then dumped 65% in the last year. The bureaucrats will not get into any problems with their masters, by just kicking this down the road ...thus nothing. just saying, not gonna fly...and if people are expecting such the price will IMHO dump to 3k coin on such expectations. there is NO desire by us gov't or the sec to make btc legit under any circumstances...at 18k they probably would not have any choice but allow ETFs at the current 6.4k price...er ..they don't have to do anything at all. Hope I'm utterly incorrect. brad |
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Is DC 1 good or SC 1 ?
see my quote above..if at my data hall rate of electric with rent I got a obelisk sc-1 unit today I'd lose -2c a day...from above. if i had a decred miner today I'd make +6c a day they are both doorstops and have not shipped yet brad |
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God blessed me, i learnt this asic devices very late after announced and stocks was already out. in the bull market i was looking to new asics to grow my farm but this disaster has tangled from me So did you get stuck with some of these sia-tech obelisks? Or did you 'miss the bullet' and avoid getting any? brad |
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Sia light have made some people rich or even millionaires if they bought in 2015-2016, but I think the best is gone, so many projects provide storage on the side of their main business, so i think they're going to overtake sia when the next bull run starts
Sia is a good coin, really in those days, many have earned well. Apparently had a fun time. But maybe it will happen again, so now I buy slowly. I cant stop you but i wouldn't buy Sia again. The only way I could see this coin go back up in value is if Bitcoin would shoot up again. If that does happen (and I think it will), lots of other alts will go up at least twice as fast. same people behind this coin didn't they buy poloniex...no where else they will list this dogshit? weee well again.. I got 5 of these..obeslisk sc-1 siacoin units ..(really, really needed the equip deduction in 2017) so I'm down 1.11 BTC or about $4,550 usd if you count it in that manner from 2017...with what my tax rate was 41% and equipment deduction 1 year all of 25% off...thus down only 34% ...after the fact for risk.... But again, at the time, for me anyway, these ASIC's ONLY had to make 34% of their cost back for me to break even, after electric. So it 'seemed' prudent....alas..not so much... I'd taken worse bets and won..but not this time... The only thing left is CAN my FREE (1) decred miner I got for (5) obelisk sc-1 1/2 off coupons....make any money by the time it 'supposedly' ships at the end of this month? (Very, very unlikely, in that they have not even got the sc-1's into the world yet) Or will be a 'novelty' a free obelisk decred miner, for *5* 1/2 off coupons* cost me zip...and THIS DECRED MINER IS UNLIKELY TO PAY FOR ELECTRIC TO RUN IT AS WELL, WHEN i GET IT. At again, a cost of nothing, including shipping. Sheesh... I got to admit they really, really are batting ZERO on everything consistently ...that is what happens when Bitmain 'curses you' By having a product 7 months previous to yours...they have really screwed the pooch for themselves...I can't see the company surviving, because I see no way of them having a legit working (able to compete against Amazon Cloud) solution after this cluster... they likely will just declare bankruptcy and walk after the units are shipped like BFL and let the corporation take the fall...by showing they shipped even a 'worthless' product..they can claim they just f*cked up and thus avoid fraud...at no risk to themselves or their personal property. Indeed, at this point, not taking refunds, it is the only way forward without significant legal risk, again IMHO. the fat ASIC has sung, and the opera is done....kaput... alas, live and learn, brad |
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Anyone who still has a working B3 unit, I'd look into seeing if the original Artificial Intelligence firmware would still work on these... it may be likely, then run don't walk to your local university computer science department and donate it as equipment at full price... for a tax write off at least or just for the 'fuzzy' feeling..or just use it as an A.I. unit for yourself... just saying, if Bitmain is as 'lazy' as I think..it may be as simple to repurpose these back with a firmware patch sorry, I did not get one, just tossing it out there to help...a working A.I. unit for giggles is better than a doorstop (maybe) brad |
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You have a very ambitious and ambitious project, but why until now we have not seen something that much.
Exactly because it is ambitious project, do you realize how much work is required to accomplish what they are trying to accomplish? "For investing in a German ICO a KYC process is required. After you got whitelisted, we will provide you with a referral link to get rewarded for inviting your friends to MADANA."
And when will that be? Before September 1st I suppose? Will there be a referral link for bitcointalk forum?
Still confused? Does this apply to the USA or are we just 'out' of this ICO, regardless of KYC stuff? again, not sure if I would do this, just saying, being in the USA, I think anyone is OUT of this as illegal. anyway, more clarity anyone for USA situation? thanks brad cauuse Is you question if USA residents will be able to participate in the bounty cause in the ico they sadly cant. Just double checking...thought there may have been a KYC work around.... brad |
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For those interested..on what is going on with the siacoin and decred machines..things don't look too good for this coin IMHO, below is the letter I got on my 5 (soon to be) obelisk sc-1 doorstops... Dear Obelisk Customers, First, we want to sincerely apologize for the delays and the lackluster communication. Your preorders have allowed us to build a strong team and produce two generations of mining hardware. We could not have done this without you, and we are enormously grateful and appreciative. While some customers have requested refunds, Obelisk is dedicated to shipping out all orders to all customers. We have already disbursed the majority of our funds to engineering, components, and manufacturing for all batches. At this point, attempting to provide full refunds to all customers would be impossible. Obelisk would be insolvent, customers would receive pennies on the dollar, and our ability to deliver Batches 2-5 would be jeopardized. After significant internal discussion with the Obelisk team, board, and legal counsel, we are putting together a solution that we think is fair to our customers and will have widespread support. Before officially announcing, we need a few more days to finalize the details and guarantee that the plan is viable. What we can announce is that production for Batch 1 began this evening, and will continue throughout the weekend. We expect to begin shipping Batch 1 units to customers next week. It will take a couple weeks to fulfill all Batch 1 orders, but we expect Batch 1 customers will receive their hardware by August’s end. We will follow up next week with a subsequent announcement detailing our plan. Best, - Team Obelisk Copyright © 2018 Obelisk, Inc. All rights reserved. You are receiving this email because you signed up for our mailing list or placed an order on our website. If you wish, you can unsubscribe, but you will no longer receive Obelisk project updates. Our mailing address is: 67 Batterymarch St, Floor 4 Boston, MA 02110 end ----------------------------------------------------- options they may tell us 1) they announce (most likely rumor) that they are going to overclock these puppies from 500 watts to 800 to 1000 watts..(burn them out baby) of course the hash rate I've been told is 20% less than they expected..so most that will do is a 'wash' and burn the units out..this is what I expect...at least in some part. 2) they will offer 1/2 off coupons on their next miner of whatever ASIC flavor and/or also make a new algo coin to do so (ie Bitmain evil plan) to try and promote these and future doorstops. 3) they announce a new coin/fork (very unlikely with these units) 4) fork coin so that you can mine more siacoin units of little worth but it looks like you are doing something of note anyway at your electric loss....fudge the numbers up for mining this coin....dangerous..... again, the most 2nd most likely is 1/2 off some new damn ASIC To Be Determined in the future and my 1st bet is they are just gonna burn out and overclock the hell out of them as a token fix... I am 'still' befuddled on how they expect their decentralized storage network to work IF most GPU miners have already left (and with ASIC's no reason to come back for the few GPU's left) and/or how do they expect to 'ramp up' their 'vision' network with ASIC's mining electric at a loss...just can't see it. tweak the algo so you get more tokens? other weirdness? below is what I'd make if it showed up today I lose -2c a day in the bsmt ..not worth shipping them with my data hall costs with elec and rent of 14c kWh. https://whattomine.com/coins/161-sc-blake-2b?utf8=%E2%9C%93&hr=800.0&p=500.0&fee=0.0&cost=0.14&hcost=0.0&commit=CalculateSo, again, the units will stay in the box... as a side note the decred unit (free one I got for my 5 coupons at 1/2 off) that makes 6c a day..if I had it now 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=Calculatethey surely f*cked themselves as much as us brad |
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