Obelisk Tech Grin Asics

[Marvell2]

There should be a ban on this forum for any preorder shill greater than three month

And if that. Vendor has missed deadlines by more than six months they should be blacklisted

[starkovblue]

These guys are a joke.  For a group that pretends to want to bring transparency, their pricing structure is beyond convoluted and confusing.  They had a pre-sale, now another presale?  Plus a coupon for another batch?  Anyone that sends a dime to these guys get what they deserve.

You are a joke. These guys do there job very well.

Bitmain does the same, if you buy a miner, most time you get a coupon for the next batch or miner. So were is the problem? Sorry your post is stupid.

Preorders are the old way of doing it.  If people stop preordering then companies will stop offering it.  6 months away from a "maybe" delivery.  I cant believe people still buy preordered asics lel

Foolish people are still in the market. A couple more of these projects and they should end.
Pre order should be done only if it is some sort of advanced technology that comes with a good discount.
And this option is money thrown to the wind.

[NghtRppr]

How its possible for some people to spend 3k on something which will be delivered after 7 months. We are still in bear market where fate of a coin changes on a daily basis. Grin is a new and awesome tech however when these asics eventually hit the network then it will rekt the market for sure and price of grin will dip more. Why not grab a piece of land for 3k dollars which will rise in value for sure in 2 or 3 years instead of power hogging machines lol

It probably doesn't make sense to tell people how to invest their money unless you already know what their portfolio looks like. I already own real estate. I would hope that anyone buying mining equipment like I am already has a diversified portfolio of more traditional investments. People have different levels of risk-return tradeoff that they are comfortable with. I am comfortable with the risk because I can afford to be. Not everyone is in the same situation. They should make up their own minds.

[papacabeza]

To hear in the words of an Obelisk attorney, in court, about how they treat customers, here's a write-up on Medium: http://bitly.com/OBELISK2

Any potential buyers should also review the thread on the miner on the Grin Forum, where community members engage directly with CEO David Vorick and conclude overwhelmingly that the GRN1 will never ROI.  https://www.grin-forum.org/t/obelisk-grn1-full-sale/4773/46

[NghtRppr]

That's based on paying full price of $10,000 rather than the pre-sale price of $3,000.

[wheelz1200]

There should be a ban on this forum for any preorder shill greater than three month

And if that. Vendor has missed deadlines by more than six months they should be blacklisted

I dont think you can get a forum ban just for listing a preorder, it's not against the forum rules.  What needs to be done is people not pre ordering these so far in advance but to each their own as it goes.  Pre ordering an asic "dream" almost a year in advance is a sure fire way to lose your money though lel.

[starkovblue]

There should be a ban on this forum for any preorder shill greater than three month

And if that. Vendor has missed deadlines by more than six months they should be blacklisted

I dont think you can get a forum ban just for listing a preorder, it's not against the forum rules.  What needs to be done is people not pre ordering these so far in advance but to each their own as it goes.  Pre ordering an asic "dream" almost a year in advance is a sure fire way to lose your money though lel.

The main thing for us is to warn beginners and those who like this option.
We are not stupid and we understand that even if the delivery of goods happens, it will already be outdated for the market.

[Metroid]

Do not trust Obelisk.
I am a victim of pre-order their DCR1. I had paid $1,599 for each pre-order DCR1 in 2018.1 , delay and delay, more than a year later，their products are still difficult to produce. Now their solution is buy-back each DCR1 with $300. Nothing send to me, and i lost $45,000.
They won't come to a good end.

Good you learnt your lesson, it seems 45k did it, with those 45k if bought coins and then later sold, would give you at least 7 times more profit, maybe the obelisk tech have done that, used your money to buy coins and then later resold them got the money and you was somehow scammed. That is a good thing, next time you will be more careful throwing money at unknown manufactures as at that time they had not delivered anything at all, everything was just a blank promise.

100% greedy like you were back then = certain death.

[NghtRppr]

And yet here I am having pre-ordered SC1's and am still happily mining with them.

[Metroid]

And yet here I am having pre-ordered SC1's and am still happily mining with them.

"profligates like you belongs on a cross".

[Beyerd17]

So how long would you consider this asic tech to be profitable before difficulty goes through the roof? Should I invest in one of these? What do you guys think?

[Metroid]

So how long would you consider this asic tech to be profitable before difficulty goes through the roof? Should I invest in one of these? What do you guys think?

few days, consider around a week.

[nsummy]

So how long would you consider this asic tech to be profitable before difficulty goes through the roof? Should I invest in one of these? What do you guys think?

Some calculations on grin forum showed that if the price of grin is still at its current price (obviously unlikely), 2500 Obelisk units get sold, AND no other company comes out with a competing asic that the break even point would be a little over 500 days.  Of course they will be obsolete before then as there will be algo changes

[yrk1957]

So how long would you consider this asic tech to be profitable before difficulty goes through the roof? Should I invest in one of these? What do you guys think?

Some calculations on grin forum showed that if the price of grin is still at its current price (obviously unlikely), 2500 Obelisk units get sold, AND no other company comes out with a competing asic that the break even point would be a little over 500 days.  Of course they will be obsolete before then as there will be algo changes

That calculation is wrong.

From what Taek stated on Grin forums (https://www.grin-forum.org/t/obelisk-grn1-full-sale/4773/30), there's potential to mine 12 million grin before C31 phases out between April and August 2020, with mining starting in October.  So that's about ~270 days to put in the middle. At that point each of the 2500 machines would net $11,800 after electricity. So break even would be around 225-250 days.

Of course the AND conditions apply, which mean this will not happen.

Obelisk seems to be pricing the GRIN1 at some highly inflated value of Grin in the future. In which case you are better of buying grin directly instead of going through all the drama with Obelisk.

[wheelz1200]

So how long would you consider this asic tech to be profitable before difficulty goes through the roof? Should I invest in one of these? What do you guys think?

few days, consider around a week.

With the lead time for these to maybe come out a few days of profitability might be a stretch

Who knows what happens between now and then.  No one here should be encouraging you to buy one unless they are a payed shill or haven't gone through this before.  These will most likely be DOA outside of free power or ridiculously cheap power.

[cryptomaxsun]

To stimulate sales, the company can arrange a small pamp grin.
To show high profitability and payback ASIC.
But the difficulty will increase, the grin price will fall, miners will sell, reducing the price, payback will only fall.
This has happened more than once on other coins / asics.

[Beyerd17]

So how long would you consider this asic tech to be profitable before difficulty goes through the roof? Should I invest in one of these? What do you guys think?

Some calculations on grin forum showed that if the price of grin is still at its current price (obviously unlikely), 2500 Obelisk units get sold, AND no other company comes out with a competing asic that the break even point would be a little over 500 days.  Of course they will be obsolete before then as there will be algo changes

That calculation is wrong.

From what Taek stated on Grin forums (https://www.grin-forum.org/t/obelisk-grn1-full-sale/4773/30), there's potential to mine 12 million grin before C31 phases out between April and August 2020, with mining starting in October.  So that's about ~270 days to put in the middle. At that point each of the 2500 machines would net $11,800 after electricity. So break even would be around 225-250 days.

Of course the AND conditions apply, which mean this will not happen.

Obelisk seems to be pricing the GRIN1 at some highly inflated value of Grin in the future. In which case you are better of buying grin directly instead of going through all the drama with Obelisk.

That is way to long for me to risk buying it. Inflationwise I expect Grin to drop in price going forward, when that were to happen second hand prices for the asic would drop pretty hard I guess.

[Metroid]

That is way to long for me to risk buying it. Inflationwise I expect Grin to drop in price going forward, when that were to happen second hand prices for the asic would drop pretty hard I guess.

Those 270 days suddenly becomes 2700 days ehhe and as there are no refunds for stupidity, they take your money, you end up mining at loss and they laugh at your face for years to come hehe.

They release 1000 then somebody comes after a month or so and releases 1000000 with 10 times more hashrate and they will say to you, "hey you took the risk" hehe

They have no control over the network, if 1 million people come and buy one million asics, they will sell then all those million units are put into the network and then all gone bust, they dont care about you, never did, you trolls always fell for the same bullshit over and over, at least with gpus dont have that bullshit but still they manipulate prices as they go.

trolls bought many asics before the crash and then they made 10 times less money just regarding the crash and many times more because of many more asics came to be released and in the end the company did not justify anything to older users, if they roi or not, they just dont care, they just go and sell their bullshit to you idiots.

If trolls come to you and say "hey I roi'd my asics" do not believe it, the troll wants to show a superiority and the truth is the troll is bullshiting you into the same mistake he did.

[NghtRppr]

Some people can't afford to play the game so they sit on the sidelines and complain.

[wheelz1200]

That is way to long for me to risk buying it. Inflationwise I expect Grin to drop in price going forward, when that were to happen second hand prices for the asic would drop pretty hard I guess.

Those 270 days suddenly becomes 2700 days ehhe and as there are no refunds for stupidity, they take your money, you end up mining at loss and they laugh at your face for years to come hehe.

They release 1000 then somebody comes after a month or so and releases 1000000 with 10 times more hashrate and they will say to you, "hey you took the risk" hehe

They have no control over the network, if 1 million people come and buy one million asics, they will sell then all those million units are put into the network and then all gone bust, they dont care about you, never did, you trolls always fell for the same bullshit over and over, at least with gpus dont have that bullshit but still they manipulate prices as they go.

trolls bought many asics before the crash and then they made 10 times less money just regarding the crash and many times more because of many more asics came to be released and in the end the company did not justify anything to older users, if they roi or not, they just dont care, they just go and sell their bullshit to you idiots.

If trolls come to you and say "hey I roi'd my asics" do not believe it, the troll wants to show a superiority and the truth is the troll is bullshiting you into the same mistake he did.

The first batch of L3+s roi'd quick besides that I agree with you unless you have a ridiculously low electric rate roi for asics are slim pickings