What is your 'best guess' on what you are getting a day via USD...kinda sorta? Also, do you have the 1st batch or the 2nd batch or whatever?

curious...I did not go to this parade....but wish you luck...just curious


I await the details from the bleachers as I watch this thread

All I now is it is not gonna bode well...if consumer mining dies for LTC...currently the top Bitmain unit an L3+ is making 51c  a day for me...

I find it likely that IF this consumer mining pukes and than Bitmain jumps in for the summer with a new unit (the will mine) then offer in the late

fall....the price is really gonna take a hit....for LTC in that folk are gonna just say 'fu*k* this and do masternodes or go to pos coins...


you show that much 'centralization' and everyone is gonna walk and again...LTC and other scrypt-pow will suffer

It is not like all the consumer miners are going to run out on a pre-order for fall after watching Bitmain mine for 3-4 months alone with say

new equipment ...THEN offer crumbs...I just don't see it...and this will be reflected in a dump in price for all pow-scrypt coins IMHO, a big fall indeed...

the small consumer miners of any pow-scrypt or other ASIC OR GPU mineable coin are the 'cheerleaders' for that coin..you take away the 'cheerleaders'

and the only thing left, is centralized Bitmain ...mining and offering 4 month pre-orders...yeah..that is not gonna end well

monopolies always eat their young and blow up their own environment...seems this is the path...

anyway, my view for what it is worth...

brad

well..that is something....they may have to do the same with the innsilicon and bitmain units..the bitmain units were in batches as high as 50,000 (not sure what I heard)..if so .yeah...adjustments indeed...


regardless, no way the obelisk's I have coming need to be taken out of the box it seems.....even the above tweaks are likely not enough..live an learn

Well, if Bitmain has NOTHING at all in the works besides the L3+ (making for me 51c per day after electric) ...again, if they have NOTHING newer

then Bitmain is in a world of hurt like the rest of us...(how likely is that?)

IF they do have such units at 1.5gh and 400 watts (or whatever) they can blow us all out of the water, current generation pow-scrypt miners, mine

all summer for themselves and then OFFER over the summer, as the usual 4-5 month pre-order,  these new 1.5gh units and such to us in late fall

IT is a win/win for Bitmain...even IF they just 'happened' to have in the works this 1.5gh miner and did not expect the BTC and LTC dump in price

and rise in difficulty with this ...blowing up the works....this still would be their way out to have their cake and eat it too...and basically all of us

at the consumer end...would be forced to 'start over' with these pow-scrypt units in the fall (assuming we wanted to start over) in that difficulty

and current prices would never allow current generations of pow-scrypt miners like the L3+ to catch up past the difficulty they had to eat...with

these depressed prices...would be like the KNC Neptune BTC units of 2014....doorstops within 5 months of arrival ..no way to catch up on price

vs difficulty at that time....same end result if not as fast...for the remaining L3+'s and/or this 'generation' of pow-scrypt miners...

the result will be ... the same fate in 4-5 months over the summer IMHO, Bitmain only one who can mine,  

if Bitmain, for whatever reason has this supposed 1.5gh 400 watt unit they can get out this summer...

again, any way you look at this ...Bitmain will come out smelling like roses...and if conditions continue all the current pow scrypt miners would

be no longer able to run..which means Bitmain with 90% of ASIC mnfg in the world of any ASIC flavor would have to start over the consumer product

division in the fall....with EVERYONE having to buy Bitmain units and start over .the old ASIC's can no longer play...and Bitmain is as a monopoly the

only game in town..come fall...with consumer units......assuming you wanted to mine pow-scrypt or any other flavor ASIC of coin for that manner...

as usual, Bitmain wins...the rest of us just kinda have to eat the sh*t sandwich...

From what I understand..they needed the ASIC's for the network security..and under original obelisk sc-1 only units....they would provide about 25-30%

amount of siacoins added a month, to the existing siacoin coin stash, to use as tokens and method of use for the anonymous decentralized storage solution at a price

(hopeful) of only 10c to Amazon's $1 in cost ...as a comparison....of what they are trying to achieve with cloud storage/siacoin and ASIC's...

So if that is the case, holding siacoin is pointless (speculation of price on the amount of coin available) So from what I can tell....right now you have 10x

the ASIC power that sia-tech was gonna put out as a 1st batch...you don't have this network cloud storage solution up yet...

so it is all very iffy from what I can see...so I'm out...

but betting on siacoin prices without their network anonymous storage solution and undercutting Amazon Cloud prices....well.....looks like they

have an overabundance of ASIC's to make siacoin ...but nothing to use it with for such a network, in the near future...thus the price IMHO will dump badly

unless resolved


again, I got the 5 obelisk sc-1 units on a bet that the network would work and their ASIC's would be the driver..of this cloud solution...now it seems there are 10x more

ASIC's by the time siacoin network comes out..assuming in a time frame that kinda matches overabundance of blake2b miners...they need...

just don't see how this thing is gonna get off the ground without the price of siacoin bottoming out....with all the ASIC siacoin mining (and dumping

they have to pay electric)


anyway, in my view odds are slim to none this will work out in a manner where all the pieces will come together correctly and quickly ...again IMHO

(what do I know I got 5 of the obelisk sc-1 siacoin doorstops)

thus, not betting on the network they want for cloud mining being 'robust' enough out of the gate with use and capacity ..to overcome the 'glut' of

blake2b ASIC miners that will be out in the world by then....too fat to fly ...in my view

brad

It is mt. gox damn it....from what I figure they have to dump $240 million in usd of BTC a month, to get the liguidation done by the end of this year....*them

trustees want their cut and the Japanese Gov't wants this all over with)

thus, we will go to 9k and drop to 7k and rinse wash repeat for a month or two...then the mt. gox trustees will have a timeline, say end of the year and we will

drop to 4k ...it is gonna suck!

Not worth the risk IMHO, with the ASIC mess they have and the amount of ASIC's mining siacoin for use on a decentralized network and anonymous and supposedly

at 10c per $1 Amazon Cloud prices..that does not 'yet exist' in any way or shape to manage the amount of ASIC power going to pump out these siacoins

(I was told between 25% to 30% total coin inflation a month, when the ASIC's hit in force) ...I see the price of siacoin dumping 'big time' even if they got

the network up as they plan

but, not gonna bet above and beyond the 'failed' asic bet on sia-tech...the likelyhood IMHO is they will have the hardware sit around and be waiting on the

network ..further complicating this all with massive amounts of siacoin...in an unusable state (except for speculation...which will dry up IMHO when the

mass of ASIC's hit the siacoin world)

so not gonna jump in and buy siacoin before a working network they have planned...just would be silly IMHO, I bet on the asic's and the network and we

now have 10x the asic machines sia-tech planned for...thus not looking wise to jump in now and buy siacoin in my view

I will donate as soon as me and my partner get around to making these tweaks...but as of now my partner is still setting up L3+'s in the box

and dealing with an electrican...with his stuff..if this keeps up ..the whole thing will be 'moot' anyway...my L3+'s that are up are making

53c a day after electric....just saying..others may be in despair and not really also be jumping on this mod...as we speak..for the same reasons as

me ....why bother improving the engines on the Titanic if the iceberg of difficulty is gonna sink the L3+ boat anyway...

IF we manage to get the LTC price say above $160 again, (where I'm making more than a $1 a day) you

may have some more motivated people...as to myself ..I watch this mess and basically am turning into a

'lump' of an unmotivated miner....ie (are the miners up ...good....goes back to bed pulls covers over his head)

well...if they come out with the 'supposed' 1.5gh 400 watt scrypt-pow miner and then do the usual ...mine it for 4-5 months on their own

then allow pre-orders that arrive say Sept/Oct..you will know that this was again an evil plot by Bitmain...because if such is the case

1) they will be the only one's mining with their prob (at worst) 20% cost per unit and low electric costs....every other scrypt-pow miner will be blown out

and no longer make anything past the L3+ over electric...ie ...electric will be more to run an L3+ then it makes...


2) After 'clearing the decks' as it was ...and after blowing difficulty of scyrypt-pow and/or LTC up to a point where NO ONE else can mine LTC say....

that means that anyone wanting to mine scrypt-pow or specifically LTC ...would have to start over and buy say, this likely overpriced 1.5gh 400 watt

product in the fall, that means if you want to mine scrypt-pow you'd be locked into a pre-order and completely at Bitmain's mercy again on if/when

they shoot them out like toasters again and repeat the above process....rinse/wash/repeat

we will see,

bitmain could claim..they had the say supposed 1.5gh 400 watt units in the works before the LTC price dumped etc....does not matter....with their

monopoly...even if that is the case..the above still works in their favor...at their size, there is no way they can lose..no matter what the market

conditions at this point in time

thus that means: Searing = Hobby Miner of a couple units in the basement ....again...(good to be put in my place....keeps me humble)

well remember the ASIC's for anyone is a risk on this Bitmain, Sia-Tech, Innsilicon if you are NOT selling them as you go along and in HODL mode...the

anonymous, decentralized worldwide storage method the sia-tech devs are pushing and needed the ASIC's for, to compete as they say they want to, at

10c to $1 Amazon Cloud Storage...if that don't work or arrive on time and spec..you will have a sh*tload of ASIC's pumping out siacoin without any use...

(in that the current siacoin prices are speculative..mainly from GPU mining)

So you add that above ...with the risk of ASIC's and I'm sure not gonna get an Innsilicon siacoin miner at this point in time...

Yep, I'm out.....on the 12k I spent on the obelisk sc-1's ...I figure I needed to get around $4k back in mining siacoin at least to break even on what I would

have paid the tax man in 2017 (IRS and state) and the 25% equip deduction you can take off (all) off taxes you owe that year...

always figured I'd be out of pow-scrypt mining by going 'too many units too far' have done this since Nov 8th, 2014 with 300mh KNC Titan....so

this is likely all she wrote for that and for these obelisk units...

what is interesting is I swap'd 5 coupons (1/2 off) for 1 decred miner (used 1 coupon and the $800 covered)

by interesting is this...by August 15th was it? on 2nd batch was it? decred miners...will even that unit be worth 'yanking' out of the box?

by then, could I even make enough over electric to turn it on?

so yeah, seems my days of ASIC miners in more than a quantity of TWO in my basement (with winter heat) ..ie hobby mode is as far as I'm gonna go now

ah well, it was a good run 3 1/2 years...and my BTC and LTC and other alt hoards are all from mining

I really can't bitch much...but the Decred miner not even likely ROI'ing that is just silly, in that it is free....but seems likely not to ROI IMHO either

well....looks like ALL my last units of ANY ASIC FLAVOR OF COIN ...is gonna be shut off by July 4th 2018....sh*t...

siacoin is only as good as the anonymous decentralized network that the devs are making for cloud storage...The current price (IMHO) is 'speculation' of the coin,

but without the ASIC's and the above network coming together and offering services, as they say, with above-decentralized nature and at 10c to $1 storage rates

of Amazon...the coin won't matter the ASIC's won't matter it will all be moot and siacoin will be useless....without a use you just have a crap load of ASIC's making

siacoin with no real purpose anymore...so their vision of decentralized and anonymous storage has to come into play...or we are just mining air...

or so I see this (better minds then mine can chime in on this)

I may be losing the faith on even that...the mining and storing of LTC (I have a hoard of LTC already....)

www.litecoinpool.org/calc Litecoinpool is a FREE no fee pool and pays out at 101%. This calculator reflects the 101% payout. FYI.

As an example at 8000mh and 12,600 watts at the present difficulty, I make (below) on 22 Bitmain units in a data hall.

Of the above 22 units...all but 6 have ROI'd and of the 6 I need at my tax rate with equip deduction to get 1/4 of value back to break even on the 6 units.

(yeah, that ain't looking likely)


So $8.57 per day for the works above.

or

$257.17 a MONTH....after the ELECTRIC COSTS OF $1,290.24! (did I mention this Bitmain Unit (so far) as a consumer version the best

you can get at this time for speed/price and availability?) So OBVIOUSLY, the above is not gonna last long, if current difficulty increases...

and prices of LTC do not come around and reflect on this reality to save pow-scrypt and LTC mining...looking grim...


24 hours   0.38207531 LTC   51.58 USD   43.01 USD   8.57 USD
7 days   2.67452719 LTC   361.06 USD   301.06 USD   60.01 USD
30 days   11.46225938 LTC   1547.41 USD   1290.24 USD   257.17 USD


The above is the setup to get to my main point...NOTICE at $257.17 a month that comes out to $135 LTC divided by $257.17 = 1.905 LTC

yech...that is a lot of work on hoping for a pump on 1.905 LTC (sorry spoiled mining LTC and such since 2014....hurts my eyes)

thus I MAY (hearsay....for LTC thread) mine my above $257.17 and say get LISK with it again (hearsay again LTC thread) at $10 each at

least I'd be holding some numbers (25.717 LISK) and it is a POS coin that stakes me some back...

If I'm gonna mine to HODL...and have LTC not sure if mining and HODL'ing at 1.905 LTC (tied as it is to BTC and mt. gox dumping) would improve

my day any....so maybe, the next 2 months if it all dries up for scrypt-pow mining I may 'dabble' in converting my mining after electric to other

alts for the heck of it....at least I would have the 'illusion' on a bit of coin ....numbers wise that is

Again, spoiled from what I used to mine for LTC....starting to not see the point of the miners being on ..if this continues (price depressed and

difficulty up) and I'm out by July 4th, 2018

As an aside on Litecoin Mining....with .....supposedly, the latest available and cheapest prices ..current generation machine for offered for consumers by

Bitmain...an L3+ at 500mh and 800 watts...at $135 LTC.well at my current rent/hosting rate...I am currently at 54c a day per L3+ (there is a community supported

overclock on another thread I have heard that is safe...so maybe I could add 10% hash..and make 61c per day...have not got to it yet)

So 54c a day at $135 LTC, this is NOT looking good... the difficulty is still outstripping price by more than a 'bit' IMHO.

At the current difficulty today, I would need, $155 LTC to make over a buck at $1.01 USD....per day...

So again, mostly for those that don't mine or are unaware on this thread, the danger is that even IF the price of LTC went back to $200 bucks...if the

difficulty continues to outstrip what the consumer version miner that Bitmain makes the L3+ as an example..then it will 'complete' centralization

in that, only the mnfg (Bitmain)..that gets these units at 'likely' 20% at cost at worst...with 'supposed' cheap electric....could mine..the rest of us

consumer sized folk buying the consumer versions at the Bitmain prices...would be beyond 'screwed' ....to say that pow-scrypt

mining (LTC) would be centralized would be an epic understatement...which I can't see the price of LTC, reflecting well,

if only Bitmain sized operations suddenly can mine at a profit (meager for them it may be as well)....due to their large economy of scale...
 
We need a breakout in price for LTC (scrypt-pow mining) and BTC (sha-256) as well...or again, IMHO the price will reflect the elephants in the room

and the obviousness of 'complete and utter' centralization of these coins and price will reflect this badly in price (again, IMHO) and it may be rinse/wash

and repeat on a price spiral down...further...

shudder

edit: Just to clarify I have 22 Bitmain Units up in a data hall....so my idea of me being small and it not working out (all but 6 have ROI'd) should have

some meaning from where I'm coming from on all this.....

Well, so much for my FREE decred miner in August (from 5 dubious Siacoin SC-1 1/2 off $800 buck coupons).....not sure it will even make ROI even at no cost

after electric, by the time it arrives in August...so doubly screwed. (see links below)

http://www.innosilicon.com/html/d9-miner/index.html decred miner version (1 unit FREE with below coupons..not sure even that will work!)

http://www.innosilicon.com/html/s11-miner/index.html siacoin miner version (5 units at real $$$ groan..thus coupons)

Always knew, I'd go one ASIC too far since 2013....ah well, so it goes...

Yeah, I've been ASIC LUCKY since 2013....so I can't complain...I always figured I'd go more than a few ASIC's too far, when the 'non-data hall and only

mnfg of ASICS and their own data halls will reign...

This is how mining went away for scrypt-pow (like btc small miner deaths of sha-256 in 2014)...so it is 'expected'...

So, I've made out like a 'bandit' so can hardly complain I guess on a 4k loss vs IRS and equip deduction on these...even if they NEVER mine

so it goes....the door always 'hits you on the ass' on the way out

I don't suppose anyone at Obelisk would entertain an idea to 'fork' the algo at this point in time? (I thought not...sigh)

the ASIC's oblesk have out for siacoin (July 2018) and decred (aug/sept 2018) are all likely doorstops now


http://www.innosilicon.com/html/s11-miner/index.html their siacoin miner version

http://www.innosilicon.com/html/d9-miner/index.html their decred miner version

innsilicon has units that are more eff and much bigger hash in the world NOW....thus those who got these obelisk ASIC's of any flavor are dorked

so what does this mean? unless sia-tech 'forks' which is as likely as me being Natalie Portman's love puppet (i wish) ....these will never have to be

take out of the box (keep in the cardboard box for ease of movement as doorstops)

what is worse, is I swapped 5 1/2 off obelisk coupons for 1 middle of sept decred miner...hell, might not be worth turning on, even though it was a free

decred unit, live an learn I guess

but gonna be an 'interesting' network of bitmain units and innsilicon units and others....running the sia-tech 'supposed' network, if they get it up to

speed in time.....the obelisk products themselves will likely not have enough 'punch' to mine for more than a month...assuming they ship on time

them's the breaks I guess

brad

Well that is all she wrote, boys and girls....innosilicon has out a decred and siacoin miner available now

http://www.innosilicon.com/html/s11-miner/index.html Siacoin miner

http://www.innosilicon.com/html/d9-miner/index.html Decred miner

details in link below..they are spendy.....but out in the world

so looks like my 5 obelisk sc-1's and the 1 obelisk decred miner (got free for my 5 1/2 off coupons) all of them I may be able to just

leave in the cardboard box (for ease of doorstop use in moving them about)

I mean Sia Obelisk SC-1 is shipping 'supposedly' in July 'as the chips are available' (can you say iffy)

and my 2nd batch I think it was (the $800 buck) decred unit...available ...like the middle of sept 18...won't even make me $$$ after electric also likely

well, live an learn...so looking at out of 12K+ paid ... 'in real money, as opposed to taxes" about a 4k loss ...if they mine zip

so it goes....looks like I'm completely out of mining by end of July 2018 at best (bitmain L3+ 'top of line latest consumer ver you can get' pow-scrypt

miner makes me 56c a day...after electric...with difficulty at about 30% a month now)

SO ALL MINING of any ASIC FLAVOR of the ASIC MINERS FOLK ARE MINING AS OF NOW.....seem likely to 'fade' faster in difficulty then price per

your coin of choice....them's the breaks....a clean sweep....so ONLY miners you may be able to ROI at this year..you likely will start over and buy

sometime in the Fall......again clean sweep it seems ....of any asic flavor equipment me thinks..

brad

I keep telling myself the following fable: It goes like this: I retired 1/14/18 as my last day and 1/18/18 my official out the door. I currently am 63 years old. I had/have 3 choices

1) keep working at my suburban ghetto lifestyle 2) retire at same lifestyle with crypto till full retirement at 66 and stall all benefits till then 3) use my traditional lack of debt and traditional funds to do the same

Thus, IF all that crypto does for me is allow me to stall 3 years till full retirement using my traditional funds and social security it is win....

(or so I delude myself with) There is a fair chance I will be dead within the next 30 years. Thus if I don't man up and take a risk now...when?

So currently mining is probably kaput with the L3+'s by June 1st at this rate or so....kinda/sorta...so I will skim the alt hoard next to get by....but to say all is NOT going according to plan is an understatement

indeed...it is mt gox and BTC dump even OTC in such a manner dumping about 128 million BTC a month has to hurt (if I am reading chart link below correctly)

mt. gox watch

https://www.cryptoground.com/mtgox-cold-wallet-monitor/

So...if it is a 'digestion problem' of BTC mt. gox dumps that effect all coins, including LTC, mining of any sort but ASIC makers data halls (equip at cost and low elec)

may be the only game in town for BTC and LTC at least...back to boutique ASIC's and hobby miners I guess.....

Anyway, L3+ is now at 500mh and 800 watts at $136 LTC is 56c a day...thus with ALL ASIC's Of ANY FLAVOR..... anyone less than and equipment mnfg may be in real trouble mining no matter what the

electric/hosting costs by the end of the year....mt. gox trustees still have 1.4 billion dollars in BTC to move...or about $215 million usd of btc, a month, to move if they want to wrap up the mt gox liquidation

by the end of the year....

oh well the L3+'s will make a nice ASIC wall....in the attic I guess.....good to have goals

Not sure....still a cool device ...(in case of Zombie Apocalypse or you live in Hawaii)

 

Well...starting to look like by the time I get the FIVE Obelisk SC-1's I can just leave them in the box 'unopened'

not looking good indeed...

brad