First Asic for SIA - Obelisk SC1

[Searing]

So if you are a silly f*ck like myself and already have FIVE of these (shudder ..hopefully NOT vaporware Unicorns on order)

AND should be insane enough for FIVE more units in the 2nd batch. (w/the 1/2 price coupons)

Is the Decred miner the way to go ...to increase my odds....(supposing these unicorn/rainbow miners exist?)

just asking what folk think about the Decred unit as an option or a hedge in my case on the last FIVE maybe unicorn purchases

or no one has a clue?

p.s. newbies remember I'm getting these MAYBE because I'm in the 50% tax rate

(40% mined coin used less than 1 year ie capital gains on profit made on such HODL'ing
and then spending and 10% state tax..more or less call it 50% set aside to be safe if my mining Income goes poof say around July 2018...got to set aside for equip and/or
the tax man, while you are making income....)


I also have taxes DUE I'm sure this year of 2018..thus I can get equip deduction for 5 years all in this year for a total of 25% back against taxes I'd have to pay anyway.

Thus MY risk is 25% more or less above taxes paid...vs the above equip deduction and the tax man...IF you don't have any of the above your risk is a FULL 75% loss, if such units don't ROI and you just have the 25% equip deduction (assuming you have INCOME in some manner from crypto to justify this)...then be aware of my 'convoluted' logic on all this

so again, as a newbie, you may be way better to just HODL coin....I have embraced my cluelessness in that it has worked before....don't become me It can be 'unsettling"

[1714234538]

1714234538

[cuteman]

So if you are a silly f*ck like myself and already have FIVE of these (shudder ..hopefully NOT vaporware Unicorns on order)

AND should be insane enough for FIVE more units in the 2nd batch. (w/the 1/2 price coupons)

Sorry i coudn't quite understand your point.   Let's put away tax issues you mentioned.  Current "estimated" mining profitability is huge with obelisk efficiency - if you mine with them now.    Yes, it will drop a lot after release.  Same situation happened with D3 Bitmain dash miners, when profit droppped from a few thousands USD/month to $150 just withing a couple of monthes after they flooded the market.

But D3 were produced in huge qties by Bitmain - dozens of thousand units.   Unilke Obelisk - just 7k units have been sold in batch 1 (SC and DCR combined) and maybe 5k will be sold in batch 2.  Also obelisk says it won't  hugely mine by themselves - like probably Bitmain did.  "Obelisk intends to operate up to but not exceeding 20% of the hashrate of every cryptocurrency for which we make chips".

In this circumstances difficulty should not increase dramatically, like it was with Dash, and profit won't disappear.  Don't you think so?

[Searing]

So if you are a silly f*ck like myself and already have FIVE of these (shudder ..hopefully NOT vaporware Unicorns on order)

AND should be insane enough for FIVE more units in the 2nd batch. (w/the 1/2 price coupons)

Sorry i coudn't quite understand your point.   Let's put away tax issues you mentioned.  Current "estimated" mining profitability is huge with obelisk efficiency - if you mine with them now.    Yes, it will drop a lot after release.  Same situation happened with D3 Bitmain dash miners, when profit droppped from a few thousands USD/month to $150 just withing a couple of monthes after they flooded the market.

But D3 were produced in huge qties by Bitmain - dozens of thousand units.   Unilke Obelisk - just 7k units have been sold in batch 1 (SC and DCR combined) and maybe 5k will be sold in batch 2.  Also obelisk says it won't  hugely mine by themselves - like probably Bitmain did.  "Obelisk intends to operate up to but not exceeding 20% of the hashrate of every cryptocurrency for which we make chips".

In this circumstances difficulty should not increase dramatically, like it was with Dash, and profit won't disappear.  Don't you think so?

sorry what mix of units.....5 decred? or 5 obelisk sc-1's from batch 2 or a mixture of each?

I already have FIVE sc-1's so wondering on what folk thought about the decred miner option they are offering

as to the tax issues.....and the 1/2 price coupons....well...perhaps wise moves or dumb moves are made I guess, from such silly coincidences...

brad

[cuteman]

sorry what mix of units.....5 decred? or 5 obelisk sc-1's from batch 2 or a mixture of each?

I already have FIVE sc-1's so wondering on what folk thought about the decred miner option they are offering

They mention on the site that  in 2nd batch they sold 849 pcs of DCR1 and 871 of SC1 so far, so i just assume that they may sell about 5k units combinedin this batch (till end of the month).

I am considering to order 1 unit of each.

[MWSchmid]

too late @Searing ^^

well, I just ordered one Sia-Obelisk. I'm already happy if I get the investment back

[Serenity01]

On the Obelisk site, they mention that the OSC1 can only mine SC and DCR1 can only mine Decred.

I was wondering if they can each mine any other coin that share the same algo (Blake2B and Blake256R14, respectively), assuming that any other coin with same algo would come to exist (none yet that I know)?

If yes, anyone have insight into new altcoins coming out with these same algos?

Otherwise, the Obelisks seem pretty one-trick pony types.

[Searing]

On the Obelisk site, they mention that the OSC1 can only mine SC and DCR1 can only mine Decred.

I was wondering if they can each mine any other coin that share the same algo (Blake2B and Blake256R14, respectively), assuming that any other coin with same algo would come to exist (none yet that I know)?

If yes, anyone have insight into new altcoins coming out with these same algos?

Otherwise, the Obelisks seem pretty one-trick pony types.

Yep...1 trick ponies....from what I heard that is the way they are doing such..each one only mines decred or siacoin specifically...

1 unit does only decred....the other unit only does siacoin....to mine both decred and siacoin you have to get 1 unit of each

[cuteman]

Yep...1 trick ponies....from what I heard that is the way they are doing such..each one only mines decred or siacoin specifically...

1 unit does only decred....the other unit only does siacoin....to mine both decred and siacoin you have to get 1 unit of each

Yes, thay clearly state this on the site. Miners can mine only one algo.   Baikal, as it turns out, is able to mine both coins ?  

[Bibi187]

On the Obelisk site, they mention that the OSC1 can only mine SC and DCR1 can only mine Decred.

I was wondering if they can each mine any other coin that share the same algo (Blake2B and Blake256R14, respectively), assuming that any other coin with same algo would come to exist (none yet that I know)?

If yes, anyone have insight into new altcoins coming out with these same algos?

Otherwise, the Obelisks seem pretty one-trick pony types.

Yep...1 trick ponies....from what I heard that is the way they are doing such..each one only mines decred or siacoin specifically...

1 unit does only decred....the other unit only does siacoin....to mine both decred and siacoin you have to get 1 unit of each

Yeap that what i have done.

One of each, so far we can say this.

Obelisk give projection about income in coin for SC1 & DCR1 with 4k miner sell of each.

150k sia per month / 27 DCR per month.

Actually Obelisk dont sell all miner on first batch.

3600 for SC1 / 3000 for DCR

Was other miner on market ( baikal only for moment but is not released yet )

Safe projection we can say at least 110k-120k SIA per month and i bet 27 DCR per month to. ( cause we have to add concurrence )

When batch 2 will inc on market everything will be halved i presume.

On my personal position i prefer to wait new gen and enjoy this one with my coupon

[dlezama]

On the Obelisk site, they mention that the OSC1 can only mine SC and DCR1 can only mine Decred.

I was wondering if they can each mine any other coin that share the same algo (Blake2B and Blake256R14, respectively), assuming that any other coin with same algo would come to exist (none yet that I know)?

If yes, anyone have insight into new altcoins coming out with these same algos?

Otherwise, the Obelisks seem pretty one-trick pony types.

Yep...1 trick ponies....from what I heard that is the way they are doing such..each one only mines decred or siacoin specifically...

1 unit does only decred....the other unit only does siacoin....to mine both decred and siacoin you have to get 1 unit of each

Yeap that what i have done.

One of each, so far we can say this.

Obelisk give projection about income in coin for SC1 & DCR1 with 4k miner sell of each.

150k sia per month / 27 DCR per month.

Actually Obelisk dont sell all miner on first batch.

3600 for SC1 / 3000 for DCR

Was other miner on market ( baikal only for moment but is not released yet )

Safe projection we can say at least 110k-120k SIA per month and i bet 27 DCR per month to. ( cause we have to add concurrence )

When batch 2 will inc on market everything will be halved i presume.

On my personal position i prefer to wait new gen and enjoy this one with my coupon

You can use this site to calculate that: http://www.sialytics.com Make sure you add the batches you estimate will be sold.

[cuteman]

You can use this site to calculate that: http://www.sialytics.com Make sure you add the batches you estimate will be sold.

Very nice link, thanks!   Though I did not find information there how do they calculate future difficulty.  Any idea?

[hanskan]

The wait time is so freaking long so it makes it pretty sick gamble. I do not envy those who bought bunch of obelisks in July 2017 and paid 1 BTC each lol.

[cuteman]

The wait time is so freaking long so it makes it pretty sick gamble. I do not envy those who bought bunch of obelisks in July 2017 and paid 1 BTC each lol.

do you mean that obelisks from batch 1 were selling in July 2017 ?

[kurbeks]

They mine each only 1 algo  as they are ASIC''s

Baikal miners are FGPA. So they usually mine several different algos, at lower efficiency.

[RuslanBozhy]

Guys, can someone explain me one thing? In 9 Aug. 2017 this miner cost $2499 and have hashrate 100 GH/s (url №1), but now it cost $1599 and have hashrate 800 GH/s url №2). So what's the catch?
http://skrinshoter.ru/i/130118/UZaFfwIc.png

http://skrinshoter.ru/i/130118/xOfAsrYQ.png

[cuteman]

Guys, can someone explain me one thing? In 9 Aug. 2017 this miner cost $2499 and have hashrate 100 GH/s (url №1), but now it cost $1599 and have hashrate 800 GH/s url №2). So what's the catch?
http://skrinshoter.ru/i/130118/UZaFfwIc.png

http://skrinshoter.ru/i/130118/xOfAsrYQ.png

They did not know exact hashrate before they really started to produce chips and test them, and put as little as possible, to be not overestimated.  They wrote previously, if i remember correctly, that hashrate would be increased after they saw real numbers.

[RuslanBozhy]

Guys, can someone explain me one thing? In 9 Aug. 2017 this miner cost $2499 and have hashrate 100 GH/s (url №1), but now it cost $1599 and have hashrate 800 GH/s url №2). So what's the catch?
http://skrinshoter.ru/i/130118/UZaFfwIc.png

http://skrinshoter.ru/i/130118/xOfAsrYQ.png

They did not know exact hashrate before they really started to produce chips and test them, and put as little as possible, to be not overestimated.  They wrote previously, if i remember correctly, that hashrate would be increased after they saw real numbers.

Thus, at the moment, we are promised 150,000 Sia per month, and at the current Sia price it is $10K per month. And this at the price of an asik is only 1599 dollars. Is not it too good?

[REAL_MORPHEUS]

Just a heads up:

In the spirit of sharing information to those interested I just got an email from Obelisk Customer support today (JAN 13 2018) in regards to a hardware specific question in relation to PSU specs etc...  and was told:

"Unfortunately we have not finalized all the design aspects of our units..."

My translation:

We haven't finished even designing our units yet so production is many months away. My next question would be in relation to ordering parts for production etc.... and if they are even available in a timely fashion.

Been in the hardware vertical before and I know there are many challenges in this space around parts availability and delivery.

[MWSchmid]

to answer my own question:

"The Obelisk software will likely use a Stratum server, and so should be compatible with another coin using Blake2b pool that uses Stratum."

[Searing]

well my reply to fishing for info on PSU's internal or external or whatever

they NOW say they will be EXTERNAL (see below)

this is the reply

Hello Brad,

Our PSU will be external to the Obelisk. We are guaranteeing it to be 500 watts or less, unfortunately we do not have any efficiency information at this time, but it is our goal to deliver an efficient PSU.

You are more than welcome to use your PSU if it is compatible with the Obelisk, but all of our Obelisk ship with the PSU so we do not have a way to shipping you one without it.

We have not yet finalized our design so I cannot give any specific details on the specifications of the Obelisk or the PSU, this information will be available before our first batch ships.

I hope this helps, please let me know if you have any more questions.


Thanks,

Grant Crawford
Customer Specialist


I am NOT happy that they have not gotten the case and psu design set etc...USUALLY an ASIC maker (while waiting the 3 or 4 months to see if the chip MASK has set and the chips

are good) takes that time to design the case/ psu or whatever THUS the only thing the mnfg has to do when the chips are legit is wait to get them...then slap the units togther

and out the door

the HOPE that obelisk folk were saying they could get something out in March/April, now IMHO is now shot....they MAY get it out by their orignal July 2018 deadline

but I know of at least 2-3 ASIC miners, that had the problem where they DID get the chips and DID get the boards...but the cases or the psu's sub contractors screwed them

over and they lost 3 months shipping...they were then hostage to the subcontractors of this ...

so....anyway, if their supply line on case and psu works out they are probably golden...if for some reason they get caught by subcontractors i'll be more than annoyed

this is 'build a rig' 101 for crying out loud....

Also, I am PROBABLY going to get Bitmain PSU units for my obelisk units.....simply because they are probably overkill for PSU's needed (now that they are going to be external) and
they have a 1-year warranty

just to be safe...if/when the obelisk PSU"s arrive I can flip them on eBay and be more or less even on such

Pandaminer from friends got screwed on cheap psu's when included with their units and I've heard of other stuff

so if you have the cash there is little risk you can always flip the bitmain units if you like the obelisk PSU's but you know how it is.....everything is covered and then

you suddenly can't get a PSU anyplace! (been there, done that)

anyway, my hedge on these being confirmed as external PSU's

brad