It may be possible to ask yobit to cancel the withdrawal
what is exchange for fujicoin recommended? brad |
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Well this one looks like a train wreck unless the SIA guys pull a rabbit out of the hat and say they are flipping the algo in the new miners so only the Obelisk's are supported. I don't see how these will be profitable otherwise. Big mistake telegraphing your moves when you have smart and aggressive competition.
well at least they could do like Baikal and try to encourage new algos for blake2b as I've said before...from everything I see ..they are just 'sliding by' on stuff..hoping it all works out not a well run project from any direction from what i can tell (remember minerbox ..meh) ah well, lost 1.11 btc in total on this on and over what I'd paid in taxes and the equip deduction....or about 4K in real $$$ more or less so it goes brad p.s. Ave USA kWh price is 13c a day. After electric that is 97c a day at today's prices, so yeah, $30 bucks a month is not gonna cut it...but again, they are covered with the BTC for this equipment they got....likely more than covered, if they held a lot of this BTC, so the point is moot, we are left holding the bag. I still think they don't resolve this, siacoin will die. Sure it will replace GPU's, but again, if it doesn't pay to mine ASIC's at that point...it will just fade away, it is not if that is the case you can bring GPU merge mining back at this increased difficulty. If Siacoin gets their actual network functionality launched that enables mainstream cloud storage and cloud backups, basically all the features that Minebox was "supposed" to do, I think it will make their network viable again but who knows what they will accomplish and when. To me it's a core of dedicated people with big aspirations.... and I hope it pays off. I bought my Obelisk(s) to support the network expecting there wouldn't be profits from them at least on the short term. Diff between no profits and not even enough to pay electric. If ASICS can’t pay electric you Just buy the coin amount used in electric. If you mine underwater on electric and have to chip Chip in extra for electric you are mining coin for more than buying coin, which is silly. Also if Everyone does same, you also drive difficulty up on your loss. Thus coin dies. As to cheap storage plan. They have it. But same thing as minerbox. No one knows about it also Vs Amazon. The are not marketing this as an alternative. We will see. |
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Well this one looks like a train wreck unless the SIA guys pull a rabbit out of the hat and say they are flipping the algo in the new miners so only the Obelisk's are supported. I don't see how these will be profitable otherwise. Big mistake telegraphing your moves when you have smart and aggressive competition.
well at least they could do like Baikal and try to encourage new algos for blake2b as I've said before...from everything I see ..they are just 'sliding by' on stuff..hoping it all works out not a well run project from any direction from what i can tell (remember minerbox ..meh) ah well, lost 1.11 btc in total on this on and over what I'd paid in taxes and the equip deduction....or about 4K in real $$$ more or less so it goes brad p.s. Ave USA kWh price is 13c a day. After electric that is 97c a day at today's prices, so yeah, $30 bucks a month is not gonna cut it...but again, they are covered with the BTC for this equipment they got....likely more than covered, if they held a lot of this BTC, so the point is moot, we are left holding the bag. I still think they don't resolve this, siacoin will die. Sure it will replace GPU's, but again, if it doesn't pay to mine ASIC's at that point...it will just fade away, it is not if that is the case you can bring GPU merge mining back at this increased difficulty. |
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by the by best meme ever... I retired at 18k BTC in Jan 2018 (seemed like a good idea at the time) I use this all over facebook etc   pretty much nailed my retirement brad |
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Hi!
I tried to do this. The short answer is no.
The longer answer I found after dealing with the GarlicCoin insanity: Titans can handle larger N factors because they have memory on each cell processor, that's why the chips are so damn big. An increase in N factor means that you either need memory or CPU to work. N=10 works super fast on Titans not just because the chips are fast (they really are only about the speed of Neptunes) but because they have so much memory per cell they can use that to speed up.
When you go to N=11, you need more memory so it slows down. By N=16 the speed of the Titan is about the speed of a 8gb graphics card. By N=17, a 4gb card. By N=19 you need too much memory to do the work, and thus N=20 can't be done on chip.
Which moots the whole thing. Even if you could, a 2gb graphics card would probably outrun you.
thanks for the clarification...I always wondered about that |
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Sherman is a tool. "What purpose does Bitcoin have other than tax avoidance and criminal activity?"
How about ending your ease of printing shit currency to fund your wars and paying idiots like Sherman to be idiots with centralized force.
The catch is everyone only remembers the folk who said that BTC is going to crash on say the last correction...all the others that have been saying this no one remembers..thus they are not made to look foolish...thus they continue to do so on each cycle of btc on a correction no accountability just the way it is....a lot of 'obscure' folk can say awful things about BTC and get pass ..thus it will continue to happen as far as the press I've seen for example Forbes magazine rinse wash and repeat in a 3-week cycle or so it seems 1) article on bitcoin dead 2) article on is bitcoin reviving 3) article on bitcoin is the future of money rinse/wash/repeat....the folks that hate BTC get article one week..the bulls get an article the next week and normal folk get an article on maybe it will work (BTC) on the 3rd week 3x the papers sold or websites looked at with the same info just 'managed' differently....$$$$ indeed so these types of 'experts' are always gonna exist...and of course, with fame comes expertise and then later the 'cushy' gov't panel/job and back to press..no matter the topic (democracy is good, they will have a communist on saying democracy is bad) will always have these guys around just the way it is. |
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There is a simple solution to not pay the tax.
Dont buy the cards
yep...the group buy allowing the majority of these cards to go to the hosting place...also is not cool... not looking good IMHO, bringing up unneeded doubts ..if this project is on the up and up just saying |
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Depends...if they buy the cards for the USA then they ship to a USA site...NO VAT...if they ship to EU and then they ship and host
to a USA site, then you'd have a VAT charge
Seems dumb, (if not fishy) if it ends up in a USA site that they would have it go to EU first and then have VAT charge. More likely
then such an arrangement (if it existed for them or anyone else) is IF they said there was a VAT and it was hosted in a USA site
it would be just a way to get 20% supposed VAT charge added to the card...that whatever firm saying this could pocket the $$$.
not saying that is the case, but would raise my eyebrows, is such convoluted logic was used to justify a VAT charge on a USA site
from ANY manufacturer of anything....not just these guys...
brad
Well I guess it's a possibility like the possibility to go from the USA to Canada via Peru. It's possible, it just doesn't make sense. I agree...but if such happened to me...and I found out I paid VAT for USA hosting..at the average EU rate (more than 1/2) from what I can tell at 20% VAT ...I'd be pissed...legit or not...would show bad management under the 'best' of circumstances... brad |
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In their site's FAQ, they're saying (about GPUs), - Where are my GPU cards located?
Your GPU cards are located in one of our data centers in either the United States or Europe.
So I was wondering, can't I just buy an FPGA which will be hosted in a European center and then shipped from Europe? Or no matter what, they'll ship from US to a European center and I'll get charged the import fees? I believe Minority has said that GPU packages could be hosted in the US or Europe, but they'll only be hosting the BCU FPGA's in the US. Depends...if they buy the cards for the USA then they ship to a USA site...NO VAT...if they ship to EU and then they ship and host to a USA site, then you'd have a VAT charge Seems dumb, (if not fishy) if it ends up in a USA site that they would have it go to EU first and then have VAT charge. More likely then such an arrangement (if it existed for them or anyone else) is IF they said there was a VAT and it was hosted in a USA site it would be just a way to get 20% supposed VAT charge added to the card...that whatever firm saying this could pocket the $$$. not saying that is the case, but would raise my eyebrows, is such convoluted logic was used to justify a VAT charge on a USA site from ANY manufacturer of anything....not just these guys... brad |
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Post the damned pictures, that's all. How can it be so difficult ? Moreover, you would help the community.
^^this. there is not a chance in hell of this happening..it is more likely you will see a legit unicorn picture first...so as long as folk are hoping...you may as well go for the 'big bucks' and wish for the unicorn picture...odds are the same it is a moot point 'neither exists!' brad |
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Full disclosure, I have vaguely collectivist leanings. Throbbing, unfettered global capital run amok has occupied every housing market on the planet. It’s time the filthy rich were forced to park their money in Bitcoin.
the most 'sensible' draconian dictatorship type of power grab I've ever seen, seems very reasonable to me! (er...I may be a 'bit' biased as I'm already in HODL mode.....naw......I'm a wonderful fellow...so all above must be just dandy!) snicker brad |
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Thanks for the payout today! 7/17/18!
brad
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 sorry for the meme...but a guy can dream right? |
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Well, Bitmain has dumped the price on an L3+ down to $289 and I bet it goes lower before the month is over. https://www.bitmain.com/In the past, this usually means that they are dumping the last of the old product, for new product, at least for scrypt-pow machines but I still think they have the supposed 3x the speed unit for scrypt pow at whatever the watts coming out if so ..this will get even more ugly for those still managing to mine at 8c kWh or under (the last of us..I'm out at 14c kWh ...sold my stuff) frigging bitmain bitmain: evil for bitmain, is like the sun rising, to be expected and its just another day! (tm bitmain) |
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i am waiting for mY DC-1 ( batch 1 ) but i guess it is all the shame bullshit as your sc-1's , think i can't mine even 1 decred , well lesson learned , leave mining to the professionals
when is yours due? I think I have one (2nd batch) was supposed to arrive end of August 2018..but that likely will be pushed forward a month or more At least I did get that 1 decred miner above for COUPONS 5 obelisk sc-1 half off coupons (a whale friend insisted ..thou I tried to talk him out of it..but he to badly needed equip deductions etc) So hell, can't beat that 4 coupons, and 1 used by my unit, for $800 bucks off ... the joke is by the time I get it free or not .it too will likely be a 'doorstop' lol but anyway, I think mine is batch 2 if I remember the end of August was the shipping date...I know the units were 1600 or so at the time and we JUST beat the Jan 31st deadline before the next batch..if I remember right whatever, maybe it will aspire to be (the decred miner) a 'free' space heater! (dare to dream!) brad |
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Yep, that is the catch..indeed... is it going to be adoption and institutional investors that bring price up to 10k BTC and beyond? or is it just gonna get by on adoption and muddle along in price etc for the foreseeable future? At one time (mining and trickery) I thought I had a clue on what was going on (2013 till Jan 2018) but lately, I am utterly befuddled. In the past, it was like the adoption increase/price increase/sideways then repeat..now it is like FUD/will Gov't involvement help/hurt?..is BTC a store of value. again, befuddled....(my feeling are hurt and my ego...I used to think I was 'brighter' perhaps it was all due to 'luck' my alt and BTC hoard or worse yet ...no one has any idea of wtf is going on and we all are just 'faking' it ..including folk with a hell of a lot of power and BTC than I have...shudder oh well, just now that I stopped mining no income stream and am all fidgety... we will be the first to know I guess brad |
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Well, being involved with ASIC makers of many flavors since 2013...the following looks like the beginning of a major 'clusterf*ck' IMHO.
The key thing in the below email is that they are still having problems with the firmware. Many mnfg's in the past have had these issues and
they get the equipment out .they make a couple half-assed patches to the firmware and the whole thing devolves into crap.
from below looks like that is a likely path with Sia-Tech
judge for yourself (the email) do you really frigging think that all that will come into play at the timeline they state and the firmware fixes too boot...doubtful
Here is the email below:
We are excited to announce that manufacturing started today! We've already built 1300 control boards, and are starting hashing boards tomorrow morning. All other parts – including fans, heatsinks, power supplies, and enclosures – have arrived at our final assembler.
The only remaining holdups are ASICs and firmware. We've received enough ASICs to build 500 units, and by end of this week, we expect to receive enough to build all Week 1 orders. We are on track to receive the remaining ASICs over the next 2 weeks to build all Batch 1 orders.
Assuming there are no unforeseen challenges, we will begin shipping to customers at the end of this week. We will start by shipping to Week 1 customers, and will then ship to all other Batch, 1 customers.
By tomorrow morning, we will have a few miners fully assembled. We'll share some images and video of a production unit running. We also expect to have hash rate estimates in the next couple days as we complete the firmware.
Thank you so much for your support! Please let us know if you have any questions.
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 quote
So, I guess it does not matter...a Sia-Tech unit at the Average USA price of 12c a kWh gets below on
you will use the following, $2.40 in electric vs .96c per day in profit...for a total monthly profit of $28.80 a month
vs $72.00 in electric per month. Again this is at 12c kWh average USA electric rate.
So, hell, even if as I suspect, Sia-tech gets the miners out and working with bug fixes by the middle of August 2018, it won't matter much.
With the ASIC's basically bumping off ANY reason to merge mine siacoin with GPU's ..it will be a wash. At the above rate, it is not even
worth taking them out of the box. This is the 'interesting' thing about all this, no mention by sia-tech on how these doorstops they are shipping
can even be turned on to 'supposedly' support their 'supposed' decentralized network or storage. I see no hype or anything on them even
promoting this as an alternative to Amazon Cloud and other centralized storage options. IF sia-tech would have 'forked' the coin for only
Obelisk products..it PERHAPS may have made some kind of difference...as it is...I'm afraid they will be firmware fixed by August 15th, 2018
doorstops.
Again my loss was 34% from what I got off vs taxes (federal and state) as well as 25% equip deduction (off taxes owed) all within 1 year.
I had the "illusion' that ...jeez...you'd think I could at least 'mine' 34% of the purchase price as a worse case scenario...
well, that certainly is not the case
brad
p.s. so at a $2,530.20 Price for (1) Obelisk SC-1 at a FLAT difficulty and current siacoin price it would be an 87.85 month ROI
yeah...frigging seems very unlikely to ROI on these huh?
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stfu basher!! :\ you are such a self serving person i hope you lose your shirt shorting&distorting <<< yeah right... maybe I should cry instead of laughing? Certainly Searing is neither a basher, a short player nor a book talker. He does have a tendency to dwell on the possible negative outcomes, though. Even in the brightest and clearest of days, searing can manage to spot a cloud or two.  Just looking for a bit 'more' news or such on why BTC is pumping now BESIDES the usual 'hedge' of some BTC IN CASE this SEC thingy..comes to pass in the next month. I have seen this before with other FAILED attempts at ETF's etc from SEC etc So is there some other reason(s) of MAJOR noteworthyness to counteract what I see as the main 'weight' on this price rise of BTC and/or pump? If so point it out....would like to see more balanced and more reasons than just this one instance...(again, seen this before with failed SEC ETF's etc...would be MORE comfortable with more action than just this upcoming event to base this on... brad You are not new to this rodeo, either, but you are still attempting to assert that there has to be a reason for one thing or another, and in the end, there can be all kinds of reasons that merely add up to UP or DOWN... In other words, I don't think that it is fruitful to look for reasons (like mainstream media frequently does), and sure, sometimes some events are more influential than others in pushing bitcoin over the edge to go one price direction or another, but sometimes we cannot really be sure about which caused which when we add it all together. So for example, if the bears have been attempting and attempting and attempting to eat away at BTC price support in the upper $5ks and lower $6ks, but they are just running out of coins, and they are running out of peeps to scare out of their coins... at some point, they might just have to let the price go up, because that is the direction of least resistance - however, merely because BTC prices start to go up, that does not mean that bears might not get another chance to push it down again (they might be successful and they might not).. so yeah, we can have explanations that we just have to take with a BIG ass grain of salt, anyhow... so what purpose does it serve to strive to find such explanations when they are likely fleeting and they are also likely to cause more stress than necessary, when in the end, both you and I and a few other long term BTC bulls, understand BTC well enough to know that the most likely inevitable longer term price direction is up rather than either down or sideways... so in the end, we know not to be shaken from our coins and we that we are quite likely to be in a very decent spot down the road (while others in the mainstream are just learning about BTC, we already know about it) yeah, I agree, just in this instance..just seeing the old ETF supposed, maybe happening, and then does not happen...usual reversal what is the reason it pops up NOW, besides my 'paranoia'? Not seeing much, but the 'supposed' ETF angle than again, wtf do I know...just saying, what came to mind on the current pump I would rather this just be a coincidence and part of the general fatigue and pump back to what I think are reasonable above 10k prices but if wishes were fishes...we'd all take a swim... (wanders off mumbling to self..have a hard enough time with 'current' reality....add magical internet money on top of that mess and I'm more than a bit befuddled...)  |
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stfu basher!! :\ you are such a self serving person i hope you lose your shirt shorting&distorting <<< yeah right... maybe I should cry instead of laughing? Certainly Searing is neither a basher, a short player nor a book talker. He does have a tendency to dwell on the possible negative outcomes, though. Even in the brightest and clearest of days, searing can manage to spot a cloud or two. Just looking for a bit 'more' news or such on why BTC is pumping now BESIDES the usual 'hedge' of some BTC IN CASE this SEC thingy..comes to pass in the next month. I have seen this before with other FAILED attempts at ETF's etc from SEC etc So is there some other reason(s) of MAJOR noteworthyness to counteract what I see as the main 'weight' on this price rise of BTC and/or pump? If so point it out....would like to see more balanced and more reasons than just this one instance...(again, seen this before with failed SEC ETF's etc...would be MORE comfortable with more action than just this upcoming event to base this on...) as to the cloud or two? do you blame me...we have current society issue (see Trump and Putin) that are boggling my mind..when I try to figure out this 'magical internet money' bitcoin on top of that .....well....always looking to cover my butt.... my current view is 'everything is a bubble' stock market/ maybe? crypto (hope acts as store of value and not) and such therefore have been thru 5 recessions ...trying to be a 'bit' proactive here....on all aspects and hodl as much crypto as possible but to say I'm weirded out by 'reality' and 'society' and 'current political climate' is an understatement....so just going with 'everyone is as clueless as I am...powerful or not' and staying out of debt and preparing for our next, IMHO, major recession... as to crypto..my 'optimistic bet' (i hear gasps) are....that it will act as a store of value (like gold) and not get as messed up as I expect my traditional investments will become....thus use BTC as my 'hedge' ... being a bit 'pessimistic' never hurt anyone...I especially should have 'heeded' such in 2017 (groan!) anyway, worse case I'm wrong, my ass is 'covered' stay out of debt and crypto hoard is more or less intact....best case I over-reacted..and then will be confused on all the moon/rainbows/unicorns/fairy dust/and gnomes in my future ... brad brad |
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