Obelisk tech to release Miner for Decred with the DCR1

[Searing]

I think the Sia calculator on www.obelisk.tech has not been updated to 300mh

it still shows only 1 unit making 150,000 coins a month...if I remember correctly

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[faragly]

https://obelisk.tech/


 HIGH PERFORMANCE ASIC MINERS FOR DECRED AND SIACOIN

Mine Decred with the DCR1 and Siacoin with the SC1. Presale is open until November 24 with a cap of 4,000 units each. Delivery by June 30, 2018.

I do not understand how you can buy a miner, which extracts only one single crypto currency. You have to be a real sectarian to buy this miner. In the summer of 2018 DCR can cost a penny, well, or more than $100, but the buyer will not have an alternative in a negative scenario. They presented it as an advantage. Rave.

[juanichiloco]

I would be interested in the DCR1 Decred miner because I think its a good project but the lead time on these miners is too high for me to consider purchasing.

Too many variables at play when you have to wait that long to get the miner.

[Searing]

I would be interested in the DCR1 Decred miner because I think its a good project but the lead time on these miners is too high for me to consider purchasing.

Too many variables at play when you have to wait that long to get the miner.

If they had any hope on these DCR1 miners ..they would allow you to swap a previous pre-order Obelisk miner for one.

(er nope I asked)

or

If they had any real hope on these...they would not only allow a 22 day pre-sale (still unsure what that means in that they still want 4k of units for both products)

I think, they just managed to do a quick and dirty fix on their existing obelisk miners to allow them to mine decred...and went what the hell toss them out there

and change the label on the front

[lunobird]

I'll put $100 dollar deposit and pay the remainder when ready to ship. 

No way im letting my money sit on the sidelines locked up for months on a pre order. I can just leave my money in BTC and just let that grow for 6 months.

[Dlikrot]

I would have bought one if it wasn't for such huge other investments lately.
It seems fun to hoard sia or decred ^^.. you never know
Gonna pass these

[IncludeBeer]

Everyone see this?

https://www.reddit.com/r/siacoin/comments/7bgbmx/11717_update_on_obelisk_sc1_estimated_at_600_ghs/

1 Th/s DCR!!! 

[Ben271286]

Everyone see this?

https://www.reddit.com/r/siacoin/comments/7bgbmx/11717_update_on_obelisk_sc1_estimated_at_600_ghs/

1 Th/s DCR!!! 

damn this sound a bit too good to be true...sc1 also up to 800gh

[Alubert]

So cool if they can deliver on their promises and deliver on time.

 Hope this doesn't become like butterfly labs. Bitmain has been the reputable source and the only one I can trust.

As much as I would like to jump in on the obelisk, I see a bit of a risk with if their's delays, frustrations and questioning if it's more profitable to buy Decred at current cheap price instead of waiting half a year after price gone up and now ur mining at higher mining difficulties.

Maybe I'll just buy one and pray for the best b/c i like decred and being the first batch to mine can be profitable if all the stars align.

The delivery is June 2018. So we can continue mining with GPU.

[Ben271286]

And we have a competitioner

 https://dcrasic.org/

[mcan]

Profit will be 5 or 6 usd per day at june2018

[Ben271286]

Profit will be 5 or 6 usd per day at june2018

Even with a 100% difficulty increase it will be amazing profitable...even with 200% increase...i dont see the diff increase by 500%...
Could u explain why 5-6$? Would like to understand..

[Ben271286]

Profit will be 5 or 6 usd per day at june2018

haha u fudding all mining machine threads boy? u are mad about bitmain...also at obelisk? wtf get a live!

[faragly]

Profit will be 5 or 6 usd per day at june2018

Even with a 100% difficulty increase it will be amazing profitable...even with 200% increase...i dont see the diff increase by 500%...
Could u explain why 5-6$? Would like to understand..

You forget that if the profit is large, it will affect the price, that is, the miners will sell and fix profits.

[bigjee]

Just reading through Obelisk's website and they mine on 20% of the hardware they produce ASICs for i.e they will mine against you and I can bet they will pre-mine prior to the June 30, 2018 ship dated.

Pretty sure they'll use these funds to make the first 20% that they will mine with and then ship out the remaining stuff.
Typical garbage company.


PS those SC1 orders have been open since July or August? No one is going to buy this crap. Keep waiting till you hit 4000, Obelisk.

[nsummy]

Imagine how dumb the people who pre-ordered these feel when they see how high bitcoin has shot up.  Its concievable that by the time these are released, they will have paid double or triple the actual cost when you calculate opportunity cost.

[hanskan]

Is it true that Wolf0 works for Obelisk? Maybe he can tell us more

He said in some other topic that he did some consulting for them and that's about it.

[phuocduong]

wait for a long time, i choose SIA mining

[Lupanx]

Does anybody knows if these obelisk miners can be put in a common apartment, without making much noise or disturbing the neighbors ?
Thanks

[Searing]

Imagine how dumb the people who pre-ordered these feel when they see how high bitcoin has shot up.  Its concievable that by the time these are released, they will have paid double or triple the actual cost when you calculate opportunity cost.

yep one of those people...but my whole year was paying off mining equip with btc before it went compeltly nuts...then again...now that it is the end of the year...I needed every damn equip write off I could get...and STILL gonna owe IRS (maybe....if self-employed miner you can do solo 401k for yourself off miner income look into it) acts like equip 100% in solo 401k comes off
of gross income ..just like miner equipment

so in 20/20 hindsight...every dubious damn btc I spent last year with the price pump from 4.15 ltc to 250 buck LTC WAS BADLY NEEDED

thus.....obelisk being a mistake or not....I JUST am gonna squeak by and maybe pay 1 months mining to the IRS and state taxes ..rather then 6 months w/o the equip

and to tell the truth...the hoard would have been pretty much the same either way equip gotten or just mining previous

but yeah, the days of 12-14 semi-legit you get the equip asic flavor of your choice in 2 months and legit are gone....either crypto is gonna shoot up soooooo fast
that 2-3 month delays getting equip (remember bitmain on the 4.15 to 50 buck ltc pump took all the equip back ...i did a 6 week loan to them for a july firmware fix
and the machines showed up with jan 2017 firmware)

alas, crypto for equip used to work up till about maybe July of 2017....but again if crypto shoots up so fast it makes no sense...on the other hand ..if crypto dumps
sooooo fast it dont' make sense either and with bitmain at 90% of the equip of all flavors x11/scrypt-pow/sha-256...well I'm tossing in the towel

we will see around june of 2018

but may get another obelisk or two anyway with fiat/cash (no crypto) i have 50% off coupons so may get some for basement toys

other then toys thou....be careful is my advice ...I'm gonna cool my jets till again perhaps July 2018 or so for any serious data hall moves again (if ever)