that complicates it ..but generally...IF there is not a robust network for sia's vision in place to use these ASIC's then they will also be in a bad place
just a month or so behind...I just see no action on how they plan to compete against Amazon on their decentralized 10c to $1 Amazon giant....
deafening silence...thus looks to me like a crap load of ASIC's will hit...w/o any real purpose...and the price will tank also if their vision is 'postponed' or not
in place for the 'glut' as you point out of hash hitting on blake2b
you can't have it both ways...if price now is due to scarcity and also the anticipation of their vision..and the major investment of $$$ that people speculated
on with the ASIC's too boot...well it is step up of fail
or how I see it
on the other hand for what you paid for one of these puppies and what I paid for obelisks' last year with high priced BTC...as far as just holding crypto
wise we probably are even....just from that timing situation and last years price
Vision? What vision? The vision to become another ASIC maker for any shill with enough money to pay them? The Obelisk home page says it all.
What the hell does any of that have to do with a decentralized file storage solution? Or is Vorrick the next Elon Musk -- meaning he can tackle three projects at once while surviving on a diet of ambien and wine in the evenings while he blogs?
There are two coins that I think will fail hard despite a very promising opening pitch: Zcash and SeeYah Coin.
SeeYah Coin will never compete with Amazon. Go back to the whiny, self-righteous, and downright dishonest postings that came out when the A3 arrived a few months ago. Then ask yourself: is this the crew that is going to take on and get the better of Mr. Relentless?
I don't think so.
Has the first DOA Obelisk shipped yet? I stopped checking because it really doesn't matter. Oh, wait, they are pretty compared to an Antminer. That should count for something, right?
Sorry for the rant, it's not directed at you -- but "vision" and SIA/Obelisk in the same posting just sets me off.
The single biggest regret of my entire Crypto experience is buying that Obelisk batch 2 miner back in January. Which still hasn't shown up as of days away from July.
yeah....as soon as sia-tech did not fork to protect their decentralized storage solution to supposedly compete against Amazon Cloud at 10c to the $1.00, well
I knew then I was pretty much screwed. Bitmain had a track record of pumping out ASIC units like toasters and proved especially true for blake2b
So, w/o a fork and in conjunction with that the decentralized storage solution ready to hit the ground running to compete against centralized cloud hosting
I don't see the two jiving in time...even if they did decide to fork and put emphasis on the sia-tech network vs speculative coin price based (IMHO) more
on 'scarcity' then their sia-tech network vision...
would like to be wrong
but a lot of 'deafening silence' on the above issues...so figure I just have 5 doorstops and will move on...with the high price of btc last year and the fact
that I needed the tax benefits (was in 41% last year I would have paid the IRS and State combined anyway) add the 25% equip deduction (squished in 1 yr
vs 5 years) and what that is 66% so I took a 33% loss on the above...toss in the high price of coin..which is down more than 33% which I would have
been in HODL mode anyway (still am) ...I am calling it a wash...but then again MAKING at least 33% back on an ASIC machine ...seemed like a pretty
good bet..but alas, they choked on the fork and bitmain ran them into the ground...
whatever....the 33% would have been lost in the BTC price anyway in that I've been in crypto since 2013 so kinda locked in HODL mode live or die
still annoying ...even if my 'supposed' rationalizations are correct...just 'erks' me ..I've gotten 'dubious' ASIC's before ..used or otherwise...that AT LEAST
could make 33% of what they cost before they puked...which I could call even...but these won't even come out of the box it seems by mid-July 2018 at
current sia-coin prices ..which I expect to dump further on the Obelisk's hitting the world
currently, IF I had an obelisk SC-1 up at this moment I would make 19c a day over electric....I assume these ASIC's hitting the world will not help this price.
Again, leave the Obelisk units in the cardboard box, unopened, for easier use as doorstops...the cardboard lets you move them easier.
Also, to those saying those 'greedy' ASIC buyers...sia-tech made the case they were needed for the decentralized network...they could not just count
on merge mining siacoin off GPU's go get scale and be taken seriously....they needed the 'secure' ASIC network of machines to be taken seriously...
I (dumb) bought that argument and was planning to mine/HODL and see the network succeed first...alas that boat sailed when they let Bitmain
ride over them....IF they really did have (as they said) in the ASIC chip to 'tweak' to a fork in case bitmain played games (so they say) which I have
my doubts...likely they could not fork the ASIC thus had to be run over by bitmain with no hope...
anyway, at worst I suffered a 33% loss vs the tax man with 2018 IRS equipment deduction at 4.11 BTC for 5 units..that means say...I lost 1.11 BTC say at the price
last year of 5K ..I'm a bit over that...at least I can rationalize my 'silliness' in HODL mode (another problem I have in 20/20 hindsight)
anyway, so it goes....bound to go one ASIC too far from 2013 anyway....so 2018 is my end game...no more data halls or big miner (scrypt-pow)...hell
was happier as a hobby ASIC miner with just a couple in the basement anyway...but I mean really....get the units and they are NOT even going to
be worth taking out of the box? sheesh.....at 19c a day .not worth the PSU to run them (which they supposedly still say they are providing..unless
I missed a memo) ....so.......ie...new in box doorstops or ASIC wall art...
so 33% loss...with them never to run...or if I probably would have been in HODL mode anyway...call it even..pick your rationalization (i've been doing
that quite often with my HODL mode since 18k BTC and now 5.9 BTC....(hey, picking the wrong horse, it's a gift!)
FML
later
brad
p.s. anyone who wants to redirect me to the unicorns/rainbows/and fairies...feel free...I'd love to be frigging wrong ..but the reality is I REALLY can't see
even bothering to turn these own....IF they come with PSU's would make more sense to leave them in the box and sell the PSU's on eBay instead...I mean
really, really would make more sense to do that...sheesh...
I TALKED TO THE DEVELOPER OF SIA FOR 3 HOURS THE OTHER DAY ~ EVEN WHEN I EXPLICITLY SHOW YOU OUR NEW PROJECT PEOPLE LIKE YOU CONTINUE TO IGNORE THE OBVIOUS I'M GLAD YOU GREEDY MINER GOTTI STUCK HODLING THE BAG YOU ARE A GREEDY RAT BASTARD
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lol haha
