First Asic for SIA - Obelisk SC1

[umine]

I don't know if anybody else saw this. but they just announced the very first Asic for SIA, called the Obelisk SC1.

.....

If it's really then should buy some SIA and hold. Just remember DASH last year, when the x11 ASICs annouced the price skyrocket in 6 month after that

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[Megamind]

They recently announced in slack that the ASIC will reach a minimum of 250GH/s according to their internal reports.

[ekrififi]

They recently announced in slack that the ASIC will reach a minimum of 250GH/s according to their internal reports.

Wow, that's great news. At first I thought that wouldn't really change the ASIC's profitability because everybody would have the same hashrate, but according to this REDDIT thread, that's not the case.

https://www.google.com/amp/s/amp.reddit.com/r/siacoin/comments/6msupo/obelisk_can_reach_250ghs_now/

ROI per Obelisk won't change if all Obelisks have an higher hashrate. Just saying since some might expect 2.5 times the number of coins..

u/PizzaTucker

•

Jul 12, 2017, 5:04 AM

It might if the ASICs collectively manage to push away more gpus by making mining unprofitable for them.

u/mtlynch

•

Jul 12, 2017, 5:11 AM

I think it actually does. The first 4,000 Obelisks will now have a hash rate of 1 PH/s instead of 400 TH/s.

Total hashrate of the network right now is 353 TH/s. If Obelisks were released today, they'd make up 74% of the total hash rate, whereas at 100 GH/s, they'd only make up 53% of the total hash rate.

The increase in ROI should be even more significant in 8-10 months when the total non-Obelisk hash rate is larger.

[ekrififi]

Also this statement from a SiaCoin developer caught my eye...

"We are committed to producing and shipping theObelisk units, even if we stop at 1250 sales"

The ironic thing is, that just makes me want to buy more. Obelisk patrons want their SC1 Asics to be powerful and few...

[darval]

Once the ASICs ship, even only 1200 of them, it will increase the difficulty and be enough to push GPU miners to find a more profitable coin for them.  At that point since the ASICs are homogeneous in terms of hash rate, the won't matter what that rate is (as long as it was high enough to push the GPUs out).  At that point each miner will earn on average 1 / <number of miners> * block reward.  Hash rate is not part of that formula.  Hash rate will cause the difficulty to rise, but nothing else will change.

Later, if there is a generation 2 Obelisk, or someone else enters the Sia ASIC market, it gets interesting as the formula gets complicated and see start to see concerns about hash rate / watt, etc..

[Eyedol-X]

Also this statement from a SiaCoin developer caught my eye...

"We are committed to producing and shipping theObelisk units, even if we stop at 1250 sales"

The ironic thing is, that just makes me want to buy more. Obelisk patrons want their SC1 Asics to be powerful and few...

Great quote, where did you source that one from?

[CjMapope]

"We still plan to ship by June 2018 at the latest" !

So one has to wait a year for this miner possibly ?

yupp, and people who paid for a minebox (their last money grab) months ago are still getting the run around, months behind their last "latest by" delivery and nothing but promises made for their future...

but hey thats how robbing paul to deliver peter's machines works right?

and yet people buy....  

crypto is funny ahha

Is minerbox connected with the SIA team? I was under the impression that they are not affiliated

Minebox is not connected directly to SIA as far as I know but they do have a partnership with HP Enterprise.

? they used a HP NAS for the minebox..., but it was MY understanding they have NO official partnership with HP, do you have a source for that? :/

It's like when a coin uses Azure and says they have "partnership with Microsoft Azure" lol

[ekrififi]

Also this statement from a SiaCoin developer caught my eye...

"We are committed to producing and shipping theObelisk units, even if we stop at 1250 sales"

The ironic thing is, that just makes me want to buy more. Obelisk patrons want their SC1 Asics to be powerful and few...

Great quote, where did you source that one from?

I found it on the top of this Reddit thread... seems to have also been posted on Slack... but i'm kind of allergic to slack.

https://www.google.com/amp/s/amp.reddit.com/r/siacoin/comments/6msupo/obelisk_can_reach_250ghs_now/

[Metroid]

They recently announced in slack that the ASIC will reach a minimum of 250GH/s according to their internal reports.

They should have said the miner would be 250000000000000gh/s, I guess it can't be helped they are desperate as siacoin price is crashing and nobody is pre-ordering their scam hehe

[Eyedol-X]

"We still plan to ship by June 2018 at the latest" !

So one has to wait a year for this miner possibly ?

yupp, and people who paid for a minebox (their last money grab) months ago are still getting the run around, months behind their last "latest by" delivery and nothing but promises made for their future...

but hey thats how robbing paul to deliver peter's machines works right?

and yet people buy....  

crypto is funny ahha

Is minerbox connected with the SIA team? I was under the impression that they are not affiliated

Minebox is not connected directly to SIA as far as I know but they do have a partnership with HP Enterprise.

? they used a HP NAS for the minebox..., but it was MY understanding they have NO official partnership with HP, do you have a source for that? :/

It's like when a coin uses Azure and says they have "partnership with Microsoft Azure" lol

Minebox had a booth in a recent HP Enterprise event in Vegas to my understanding, https://www.minebox.io/blog/minebox-hpe-discover-las-vegas/

[ekrififi]

They recently announced in slack that the ASIC will reach a minimum of 250GH/s according to their internal reports.

They should have said the miner would be 250000000000000gh/s, I guess it can't be helped they are desperate as siacoin price is crashing and nobody is pre-ordering their scam hehe

Out of curiosity, is your scam accusation based on anything concrete, or just speculation? Unlike any other scam asic pre-order, this is coming from the coin's developers. Are you saying that Siacoin in general is a scam?

Also, team Obelisk said that their predictions were all conservative low ball estimates, that they would keep everybody informed to their developments. This is also true of the 12 month lead time.

I am not trying to drink the proverbial kool-aid. I just want to know if you've considered these factors, or were privy to new info before we burn the witch...

[Metroid]

Out of curiosity, is your scam accusation based on anything concrete, or just speculation? Unlike any other scam asic pre-order

Speculative, cause most of scams are like this, they get your money and then they disappear or never deliver. Now if they invest their own money and then produce and then they sell / give you the product then I would not call a scam. I guess you know what I'm trying to say here.

[CjMapope]

"We still plan to ship by June 2018 at the latest" !

So one has to wait a year for this miner possibly ?

yupp, and people who paid for a minebox (their last money grab) months ago are still getting the run around, months behind their last "latest by" delivery and nothing but promises made for their future...

but hey thats how robbing paul to deliver peter's machines works right?

and yet people buy....  

crypto is funny ahha

Is minerbox connected with the SIA team? I was under the impression that they are not affiliated

Minebox is not connected directly to SIA as far as I know but they do have a partnership with HP Enterprise.

? they used a HP NAS for the minebox..., but it was MY understanding they have NO official partnership with HP, do you have a source for that? :/

It's like when a coin uses Azure and says they have "partnership with Microsoft Azure" lol

Minebox had a booth in a recent HP Enterprise event in Vegas to my understanding, https://www.minebox.io/blog/minebox-hpe-discover-las-vegas/

interesting, i didnt see that, thx!
ya they may not have a DIRECT partnership, but it does seem HPE is well aware of the minebox and that "communication with HPE will continue and we are looking forward what the future is going to bring."
so thats something atleast.

[martyroz]

If they sell 2k... (22.5m daily rewards as of April 2018)

Code:

GPU NH  --- reward pu --- SC/d  --- week   --- 30day
100Th/s --- 0.000333% --- 7492  --- 52,447 --- 224,775
200Th/s --- 0.00025%  --- 5625  --- 39,375 --- 168,750
300Th/s --- 0.0002%   --- 4500  --- 31,500 --- 135,000
400Th/s --- 0.000166% --- 3748  --- 26,239 --- 112,455
500Th/s --- 0.000143% --- 3217  --- 22,522 --- 96,525
600Th/s --- 0.000125% --- 2812  --- 19,687 --- 84,375
700Th/s --- 0.000111% --- 2497  --- 17,482 --- 74,925

UPDATED with the following; 250GH ASIC. 1250 Units. Variable SIACOIN Price;

Code:

    NH TH/s     |      Reward	        |       $/day  - 100% ROI (days)									
GPU	Obelisk	 Per Unit (%)	 SC/day	        2c		1.5c		1c		0.5c		0.1c	
0	312.5	 0.0008000	 18,000 	360	7	270	9	180	14	90	28	18	139
50	312.5	 0.0006897	 15,517 	310	8	233	11	155	16	78	32	16	161
100	312.5	 0.0006061	 13,636 	273	9	205	12	136	18	68	37	14	183
150	312.5	 0.0005405	 12,162 	243	10	182	14	122	21	61	41	12	206
200	312.5	 0.0004878	 10,976 	220	11	165	15	110	23	55	46	11	228
300	312.5	 0.0004082	  9,184 	184	14	138	18	92	27	46	54	9	272
400	312.5	 0.0003509	  7,895 	158	16	118	21	79	32	39	63	8	317
500	312.5	 0.0003077	  6,923 	138	18	104	24	69	36	35	72	7	361

[ekrififi]

I was considering investing more in X11 mining before securing some Obelisks, but things have changed over the past few days...

FIVE -- count them -- 5 companies are coming out with X11 asic miners soon.

The ibelink DM11Gs are shipping end of the month. Bitmain is sold a few D3s... Baikal is coming out with their 2GH asic (which has the advantage of being able to mine other similar algos)... Innosilicon SUPPOSEDLY has a 30 GH coming out in October... and Pinidea supposedly has something in the works, but little details are available.

With that, plus the many L3+ batches... these Obelisks are looking better and better. Best bet if you want to avoid the other algo's asic rat race... IMHO anyways...

[Eyedol-X]

I was considering investing more in X11 mining before securing some Obelisks, but things have changed over the past few days...

FIVE -- count them -- 5 companies are coming out with X11 asic miners soon.

The ibelink DM11Gs are shipping end of the month. Bitmain is sold a few D3s... Baikal is coming out with their 2GH asic (which has the advantage of being able to mine other similar algos)... Innosilicon SUPPOSEDLY has a 30 GH coming out in October... and Pinidea supposedly has something in the works, but little details are available.

With that, plus the many L3+ batches... these Obelisks are looking better and better. Best bet if you want to avoid the other algo's asic rat race... IMHO anyways...

yeah I was thinking that as well, it seems like an arms race right now for X11 asics, It'll be interesting to see who comes out on top, my guess it will be a 2 horse race at some point.

[ekrififi]

I was considering investing more in X11 mining before securing some Obelisks, but things have changed over the past few days...

FIVE -- count them -- 5 companies are coming out with X11 asic miners soon.

The ibelink DM11Gs are shipping end of the month. Bitmain is sold a few D3s... Baikal is coming out with their 2GH asic (which has the advantage of being able to mine other similar algos)... Innosilicon SUPPOSEDLY has a 30 GH coming out in October... and Pinidea supposedly has something in the works, but little details are available.

With that, plus the many L3+ batches... these Obelisks are looking better and better. Best bet if you want to avoid the other algo's asic rat race... IMHO anyways...

yeah I was thinking that as well, it seems like an arms race right now for X11 asics, It'll be interesting to see who comes out on top, my guess it will be a 2 horse race at some point.

Surprised Baikal seems to have dropped the ball... basically upgrading /doubling their A900...

If there's a 2 way race, it'll either be between Bitmain and Ibelink, or Bitmain and Innosilicon (provided they don't over promise / under deliver like they did with their old Scrypt Asics).

Either way, with Bitmain's low price, high hash rate and ability to mass produce should still make them competitive IMHO

[Searing]

I was considering investing more in X11 mining before securing some Obelisks, but things have changed over the past few days...

FIVE -- count them -- 5 companies are coming out with X11 asic miners soon.

The ibelink DM11Gs are shipping end of the month. Bitmain is sold a few D3s... Baikal is coming out with their 2GH asic (which has the advantage of being able to mine other similar algos)... Innosilicon SUPPOSEDLY has a 30 GH coming out in October... and Pinidea supposedly has something in the works, but little details are available.

With that, plus the many L3+ batches... these Obelisks are looking better and better. Best bet if you want to avoid the other algo's asic rat race... IMHO anyways...

yeah I was thinking that as well, it seems like an arms race right now for X11 asics, It'll be interesting to see who comes out on top, my guess it will be a 2 horse race at some point.

Yeah with data halls even a bitmain 15gh for 3k with psu/shipping etc ..COULD have a lifespan of only 5 months and never ROI...it is that ugly

remember the KNC Neptunes that were pre-ordered and released like 9 months late while KNC used the pre-order money to fill their data halls first? They

pretty much were doorstops in 4-5 months made 1/4 of their 11k price back


I punted my Neppie pre-order at the time to knc titans ...whew...missed that bullet

Also remember there were scrypt-N coins.....asic resistant..the Titans hit the world and blew the coins up in a week to beyond any worthless alts in $$$ you see today

everyone changed algo.....so no scrypt-n coins (pure?) anymore I think...blamo....

and if dash was to change it algo ..ouch!!!

So the catch with the oblisk sc-1 is very simple

1) if it goes no place will we get refunded

2) if they start production and it goes no place and money spent...likely not

3) will we see these in July 2018 or delays

4) can it survive as an SC coin only

probably a coin toss on x11 and that far in the future pre-order at best anyway

imho (I know zip at one time I drank the butterfly labs kool-aid..thus can't believe I pre-ordered 2 of these....young fool + now old fool = fool   )

[Eyedol-X]

Looks like Obelisk is still getting sales, at a slower rate. Current count is 1350 sold on their website.

[Longsnowsm]

I honestly think if they hold on the sales will pick up because time will erase some of the concerns.  I am considering picking one of these up if they are still for sale here in a few months.  But for now I have too many irons in the fire already.  LOL