First Asic for SIA - Obelisk SC1

[ronnieb]

Searing you selling your miners for quick profit or letting it mine til its unprofitable?

[1714249382]

1714249382

[1714249382]

1714249382

[Searing]

Searing you selling your miners for a quick profit or letting it mine till it's unprofitable?

As mentioned in other posts... I had 41% tax rate last year with 10% state taxes. Also 25% equipment deduction of gross income to boot.

IF I would have been HODL on the BTC I spent on these 5 units....with 2/3 drop in BTC price in HODL mode and I JUST want to get my USD back (never gonna get BTC

back)

I figure I need 1.11 BTC to pull this off. As a rationalization on the 2/3 BTC drop and the above other hooks. (denial, don't ya know)

I also have 1 decred miner (free for 5 800 bucks 1/2 off coupons) I can toss the decred blades out If in the trash and replace maybe with Jan 1st, 2018 sc1 boards.

I also have 5 slots left in the batch one siacoin miners I have...that is 7 blades or boards...for updates

As to buying the upgrade stuff, if they are reasonable ..maybe...but likely it would have to be less than $1k a board with above for me to pull

that trigger on Jan 1st, 2019, with Baikal, Innsilicon, and Bitmain with likely forked siacoin units in the wind then.

The $$$ made, IMHO, is just too tempting for Bitmain say. They have plants and workers and designers to keep employed. So I think it likely

that they will put something out (Bitmain or whoever) by Jan 1st, 2019 for siacoin forked version. Hell, I'd bet on it.

But again, this 1.11 BTC was if I had HODL'ed BTC at a 2/3 loss around my other rationalizations above (with the 2/3 groan drop in price). So again

I figure 1.11 BTC is my break-even point with all 2017 drama in us dollars (never gonna get the BTC back) ...so that's the plan, for now.

But WTF, they were doorstops the last 2 months, so the ASIC gods have smiled upon me again if I sell them the ASIC gods would probably

be 'miffed' and smite me down.

Stupid has seemed to work well so far.

This entire view and post can change on a whim. I have the attention span and fear factor of a small child...but the plan so far.

I wonder if their switch in the ASIC is such they can FORK again if they need to..that would be nice. (doubtful)

so anyway my dubious plans for now

brad

[iSparta]

The transition to the updated algorithm in the case of Siacoin looks more like a marketing tool for raising sales of ASICs from a single manufacturer. Configuring other manufacturers' ASICs for this algorithm and the appearance of software miners for video cards is a matter of a few weeks.

[Searing]

The transition to the updated algorithm in the case of Siacoin looks more like a marketing tool for raising sales of ASICs from a single manufacturer. Configuring other manufacturers' ASICs for this algorithm and the appearance of software miners for video cards is a matter of a few weeks.

I doubt it is that easy. However, you are talking weeks...say a couple months, yeah. ASIC makers will be all over this coin.

we will see. My 5 units were doorstops for 2 months, never took them out of the box.

So all things are possible.

Just like taking a downhill, in the snow, on a long steep 'dangerous' hill.

All great fun till the end, and a thrilling ride, until, when, where you find out if you crashed and broke a leg or emerged

from the heady experience unscathed...as they say in skydiving, it's not the fall that kills you ..it's the sudden stop!

Chump or Champ... I will be the first to know

brad

[Searing]

anyone doing anything with these beasts yet? I got some used ones to play with (dubious purchase)

anyway....just wondering

brad