Obelisk SC1 Review | Earning $90 a Day | ASIC Blake2b Siacoin Miner

[VoskCoin]

Well the fork should have served a lesson to Innosilicon. It’s unfortunate that their customers were caught in the cross-fire. They would do well to think twice before buying anything from Innosilliocn due to its shady practices.

I hope you are joking.  If anything this is a lesson showing us the future viability of Sia.  Nebulous was looking for any excuse for this fork.  First Bitmain was the bad guy, then it was Innosilicon.  Its no coincidence that the "attack on the network" reached its crescendo as soon as Obelisk shipped out all of batch one.   If you are going to call Innosilicon shady, I think you have to do the same in regards to Obelisks business practices.

Now we have the company's miners all mining on their centralized pool. 

Asic manufacturers ARE the bad guy wtf u blabbing about, I own zero obelsik and I applaud the move by sia
developmers have to take a hard line vs the champions of centralization, bitman and innosilion compete with thier own customers to mine and also keep they best gear to themselves and thier friends.

we need more forks to drive them out

it's a tough debate, I'd say choosing the lesser of two evils sums it up effectively

[1714166761]

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[melpheos]

I wonder how much was used SC1 was selling before the announcement last month or so... I guess it was 300$ or less...
Well played for the people who bought a few

[nsummy]

Well the fork should have served a lesson to Innosilicon. It’s unfortunate that their customers were caught in the cross-fire. They would do well to think twice before buying anything from Innosilliocn due to its shady practices.

I hope you are joking.  If anything this is a lesson showing us the future viability of Sia.  Nebulous was looking for any excuse for this fork.  First Bitmain was the bad guy, then it was Innosilicon.  Its no coincidence that the "attack on the network" reached its crescendo as soon as Obelisk shipped out all of batch one.   If you are going to call Innosilicon shady, I think you have to do the same in regards to Obelisks business practices.

Now we have the company's miners all mining on their centralized pool.  

Lets see Inno self-mines and owns 45% of the network? Not shady?

Obelisk Tech makes these miner, but forgoes the 20% it was supposed run on their own, and further more decides not to manufacture any more iterations? Shady?

Leave the viability of Sia Storage aside, its got nothing to do with miners.

You are crazy if you think they aren't mining this themselves.

One address with 130 workers:  https://siamining.com/addresses/572ccd09746e4b82666bb1c947bb4aef52f655e0e96ddb7c14c08b10165d68efbc7b63c8490f
Another with 67 workers:  https://mining.luxor.tech/miners/SC/06cc9f9196afb1a1efa21f72160d508f0cc192b581770fde57420cab795a2913fb4e1c85aa30
Another with 48 workers: https://mining.luxor.tech/miners/SC/a152ee47ef01407055494ed24b4af3f1caa73a463550e5ce78e3420a661dbe5887af1242c18a
39 workers:  https://mining.luxor.tech/miners/SC/3ca729e03bcad696a2500316be194349069ee2823a7e953163f431e8d2d1a0f1d7a075315d1e

You are just throwing muck without knowing any facts.

Did you know that Inno was self-mining 45% of the network?

Did you know that batch 1 SC1 has 3600 odd units, of which 20% were kept aside for Obelisk's own mining, and they they did not actually manufacture those 20%?

So if they did not make the 20% they had declared they would mine with initially, then why would they mining with these 200 units now? They could have just made 20% more and made boatloads of money now.

Now tell me how many of your ASICs were bricked by this fork?

Yes I knew they were self-mining.  Who cares?  Sia wanted Asics, they got them.  This fork would have happened regardless if Inno was self-mining.  They would have found another excuse.

I am not throwing muck, just pointing out irregularities.  I have a hard time believing someone pre-ordered 150 of these units.   How do you know they didn't keep the extra units?  Because they said so?

I had zero units bricked.  I was smart enough to sell my A3, as soon as Vosk said he got rid of his!

Yeah the A3 was definitely not a unit I thought would have a long shelf-life lol, fortunately they were selling in the 2000s for awhile.

It was a classic bitmain release, get as early as possible, overclock as much as possible, and sell before Bitmain or Inno saturate the hashrate. Also to be fair the guy I resold to also recouped his investment as well

I actually feel pretty guilty about selling mine.  There is no possible way the guy who bought mine could have recouped.  I sold mine at the beginning for March for $2500.  Probably a week later other miners started hitting the market along with the 2nd batch of A3s.  I remember checking the ebay prices a couple of weeks later and they were selling for under $1000.  All said and done, I think I made about $1000 in the month and a half i mined.  It was pure luck that I sold that thing when I did though.

At the time I had a buddy couch surfing and he had been there for months with no signs of leaving.  I put that A3 in my basement directly under the living room.  Those fans were screaming like a banshee 24 hours a day and the heat was borderline unbearable.  I thought this would flush him out, but no such luck lol

[iSparta]

If mining on this algorithm gives such a large income, then it is only a matter of time when ASICs will be migrated to it. I think in 2-3 months the network hash rate will return to the old value.

[astraleureka]

If they don't disclose the changes made to the algorithm, it may take a few extra weeks or months before new third-party ASICs show up. Reverse engineering a chip takes considerably longer than reverse engineering software. This is assuming that Obelisk actually has a secondary blake2b implementation on silicon, and aren't just making the change in software ...

[yrk1957]

If they don't disclose the changes made to the algorithm, it may take a few extra weeks or months before new third-party ASICs show up. Reverse engineering a chip takes considerably longer than reverse engineering software. This is assuming that Obelisk actually has a secondary blake2b implementation on silicon, and aren't just making the change in software ...

Changes are public in github. I understood it was pretty simple change which meant that only 1 on 1000 of shares would accepted from old ASICs.

[VoskCoin]

If mining on this algorithm gives such a large income, then it is only a matter of time when ASICs will be migrated to it. I think in 2-3 months the network hash rate will return to the old value.

I'm curious how obelisk / sia will respond to that as . . . they did this entirely because of other ASICs on their network. I wonder if they'll fork again and sell hardware to current owners @ cost or something along those lines

[astraleureka]

Profits are already tanking with only Obelisks on the network.

[VoskCoin]

Profits are already tanking with only Obelisks on the network.

coins mined have remained pretty solid around 25k per 3 days, USD profits tanked because SIA has slid about 30% since this video (satoshis) AND btc tumbled . . compounding that daily profitability factor

[abstractHaze]

very very upset vosk. glance over my response. you continue to give pub to this shit show. nothing good should come out of it other then greed. pure greed. no values just a shit show on a shit show, screwing over customers over and over, completely utterly shit....   people leaving there miners at import due to fees ect, then they out of no where, "were changing the coin algo" and leaving those who didn't pay the fees feeling more like shit. didn't help that they bought shit tech, and other shit tech trumped them and other other shit tech trumped trumped days later. i mean WTF man. yes there is profit but at the expense of all the destruction they had made for a fail tech.(cost effective decentralized storage that even with all the hash barely was competitive compared to amazon ect..) this should be warned with pics of shit all over it. there tech is shit. there coin is shit. there marketing and communication practices are shit. that should be head line. money through the shit. but still is shit. any praise or glory to them should be labeled with a big terd. your doing no one any good keeping up the neutral straight face to this. fuck that and complacency with this situation.

if you think your doing good to people doing hardware reviews, i think the projects behind your reviews should be in consideration cause your affecting peoples lives here and the history trumps the tech. if you don't' care then it shows what kind of person you truly are.

forgot to mention the market manipulation sells and buys all throughout the f over customer process. sia is  pure evil greed. every step of the way.

[philipma1957]

What this shows you is a very simple thing all asics are full and complete garbage.

We could wake up tomorrow and any coin can  kill off  the asics mining on it.

Yeah BTC is supposed to be by voting, but what could we do if  it is announced that sha256 is to be replaced by  fuck-asic algorithm.

Now we all know  that BTC  won't do that  but Eth could  and a lot of other coins could.

They simply are buying gpus cheap  waiting for suckers to buy  asic z miners      then this feb boom brick them and switch to a gpu algorithm.

How would you feel with 100000 usd worth of worthless eth asics or worthless  zcash asics.

[abstractHaze]

you are right, but this was calculated maneuvers by the devs. really bad stuff. really bad, really really bad.

[WillJ7]

Yeah the A3 was definitely not a unit I thought would have a long shelf-life lol, fortunately they were selling in the 2000s for awhile.

It was a classic bitmain release, get as early as possible, overclock as much as possible, and sell before Bitmain or Inno saturate the hashrate. Also to be fair the guy I resold to also recouped his investment as well

I doubt your buyer recouped his investment, but then again, I don't know what you charged him.  If he did, he's lucky, Vosk.

Were you a batch 1 buyer for the Sia Obelisk?  Curious as to the when, and to whom, "Nebulous" is shipping out Sia SC1 units.  They are not particularly helpful when I email them.  No chart of shipped units by order number/date of payment on their website so far as I can tell.  Why is that?

There have been so many games played to date by Sia/Obelisk/Nebulous, that I think all of it is doomed:  the Nebulous hardware, and the part I thought worthwhile -- their storage proposition.  Good idea though.  Hopefully someone else will come along.  

I read Vorick's blog pieces and I have to laugh.  You can just quote paragraphs at random to demonstrate what an absolutely dishonest and double-talking project this is.

The blog piece about how ASICs were "necessary" to protecting the SIA network.
The blog piece about how it was immoral for a competitor to not tell you their business plans ahead of time.
The "community" decision to not fork back in March when Nebulous was nowhere near to shipping out units.
The "community" decision to fork once Nebulous had actual units that worked, kind of.
The offer to compensate buyers for lost time once Sia went from $0.01 to something like $0.0022
The offer to sell overpriced "upgrade" boards to users who are still waiting on an actual unit to arrive before this amazing deal was opened up to the public 2 days later

No offense taken, but I will dance on the grave of this project.

[WillJ7]

I wonder how much was used SC1 was selling before the announcement last month or so... I guess it was 300$ or less...
Well played for the people who bought a few

Since there are batch 2 buyers still waiting on the SC1 Obelisks ordered (and paid for in full, not just a deposit) almost one year ago (Jan. 2017), I don't think there was a deluge of cheap SC1's on eBay.

However, there were many, many batch 4, batch 5, and I think at one point they had even announced a batch 6, Obelisk SC1 miners that no one in their right mind wanted to part with their money for.

Presto!  The "community" decides to fork and now those worthless, parts already ordered, batch 4/5/6 SC1 miners might have some value.

This is Jack's complete lack of surprise.