@searing are you planning on getting the DCRD asic? from obelisk.tech?
Nope, I think I got took by the Sia coin folk. They promised their minerbox solution this last Summer ...no show
They said previously to this that coupons would apply to future Sia coin obelisk orders......(I have 5) now they
say only 1 coupon per unit ...I'm not getting another 5
They also will not allow a swap of a siacoin miner pre-ordered for this DCRD unit ........even thou same price
Lastly, they pop'd out this DCRD on like Nov 2nd or some such ...and will only allow it for pre-sale till Nov 24th
and are unclear WTF presale means...they still say they are gonna sell 4000 units of each
So out of my approx 12.5k invested...it is likely I will take a loss on these...with me looking at profit rate 50% to the tax man, unless I found some equip to apply
that 50% too instead ...I'd pay either way...why not apply it to dubious equip at a 25% in real $$$ risk this year due to high tax on mining income? WTH?
this year..plus the 25% real $$ I can apply to equip deduction for taking all this equip off this year vs 5 years in not towards
taxes I KNOW I will have to pay anyway on top of that...
I'm down 25% (again in real $$ applied to taxes owed thisyear anyway) of this purchase price if the units never make 1c ..due to the above tricks..ie 25% risk over what I'd end up paying IRS w/no equp tricks
thus in real money applied....after taxes and all is said and done on the total $12,675.usd with shipping for the 5 sia obelisk units
I"m likely looking at a loss...if a complete loss (they don't ship) in real $$ of $3,162.50
Of course, I could get lucky and they could arrive and make enough on Sia coin and their ideas to get that 25% back
but I am dubious after the fact. They can't even get the calc on the
www.obelisk.tech website correct
still shows a profit at old 100mh rate, not the supposed 300mh rate
I'm really out again $3,162.50 from my $12,650 investment...l
I took a shot and lost....this year I've been doing a lot of that ...... the same idea for the D3 ...out of 4k spent ...out 1k plus
the newbie getting equip under the above scenario it is 25% equip deduction off taxes due to IRS and the other 75% is all risk (because again newbie)
These are some of the reasons us 'old dogs' took a chance on the D3's and other dubious equip....we made so much $$$ on the 4.15 to 50 buck LTC rise
mining.....that is the circumstances this year...indeed likely a big result of why all ASIC's of any flavor are all off the shelf
but a new pup buying the stuff above like me ...2 D3's combined price of 4k plus and 12.65k for 5 obelisks...that would be dire indeed
The last point on the DCRD decred miner...my view is a mess of ASIC's hitting that coin will blow it up the same way the knc titan firmware patch
in 2014 allowed knc titans to mine scrypt-N instead of scrypt-pow coins too....blew up all-N coins to worthlessness in a month or so
too much hash ....too little $$$ and coin or protocol goes boom...this could be the case with Dcrd decred mineR and MAYBE x11 mining, both could go boom
pumping out ASIC toasters have consequences.....
@searing I love your comprehensive answer, you are right about obelisk not worth risking few $$ with them no track record so far... already got burn with D3s will take 3-5 months to recover from that gut punch. Thank you for your insight.
