Buy Siacoin SC Miner Hardware
What is Siacoin (SC). What does the ASIC mining hardware mean for us GPU Sia miners? I'm a GPU miner as well and long time investor. * Hastings is 1e+24 SC and the smallest unit of Siacoin. Convert to other currency Buy Siacoin. Siacoin Mining Calculator.
Buy Steem The Steemit. (SC) To Get a Dedicated Mining Hardware ASIC. Same algorithm and mining like SiaCoin so essentially an ASIC miner will be very limited in. Dario Di Pardo spent $46k on bitcoin mining hardware. $46k Spent on Bitcoin Mining Hardware: The Final. Of assembling all miners for the group buy.
Things around the SiaCoin (SC) ASIC miner market seem to be heating up lately as soon after the there is a fresh new announcement coming from another new ASIC manufacturer for a Blake2b ASIC Miner. The DragonMint B52 Blake2b ASIC miner was just announced by, a newcomer on the ASIC market that looks promising, but we are yet to see it start delivering any mining hardware. The device they have announced is supposedly capable of 3.5 THS Blake2b mining hashrate at 1000W -/+8% with 135 ASIC chips, making it probably the most efficient ASIC for SiaCoin (SC) if they manage to deliver what they are promising of course. There are not many details, including price or release date for the device and it seems more of a move to judge the interest by launching a waitlist, but still interesting to see there are possible alternatives popping up.
So you might want to keep an eye on the product and join the waitlist to get more details as soon as they become available. This came as a bit of unexpected surprise, but it seems that BitMain already has a working ASIC miner for the Blake (2b) mining algorithm (and maybe even for other variants of Blake) and they have announced their plans to start shipping the Antminer A3. The Blake 2b crypto algorithm is currently being used by SiaCoin (SC) and last year there was a pre-order for an official SiaCoin ASIC miner.
BitMain’s ASIC miner however seems to be arriving much earlier with similar specifications and price, so anyone that has pre-ordered an Obelisk SC1 might not be that happy. On the other hand people that are interested in getting into mining SiaCoin and missed their chance with the pre-order might order now from BitMain and get the device shipped in 10 days after payment according to the company.
Some of you might remember that back in June Sia has announced their plans to called the Obelisk SC1 capable of 300+ GH/S at 500W or less power consumption according to the latest information. Well, it seems that Sia has figured out that since Decred (DCR) uses a very similar algorithm to what SiaCoin (SC) uses (both being variations of Blake) they can also develop the first ASIC miner for Decred as well. The Obelisk DCR1 should be capable of at least 475 GH/s with less than 500W of power usage and both ASIC miners should be available at pretty much the same time.
So now the pre-sale of the first batch of 4000 Obelisk DCR1 ASIC miners for Decred (DCR) is up for pre-sale on the Obelist’s website along the Obelist SC1 ASIC miner pre-sale for SiaCoin (SC). Both pre-sales will run up until November 24th and they are expected to ship on or before June 30th, 2018. Both Obelisk ASIC miners are available for pre-order at a price of $2499 USD and come with a 6 week exclusive mining period and a $250 per-unit coupon for future Obelisk purchases as a bonus.
Now, since this is a pre-order for a product that is currently in development we advice you to be extra careful as we’ve seen a fair share of fails in that area and a lot of empty promises. We are not saying anything for the Obelisk, it seems to have a solid team working on the project according to the information available, we are just warning you to be careful as it is a pre-order for a product that is not yet developed and the final device (if/when available) may as well be different in terms of specifications as we’ve seen that happening as well. If by the second half of next year Sia manages to deliver on their promise with the Obelisk ASIC miners for SiaCoin (SC) and Decred (DCR) they will significantly change the landscape for these two crypto coins. Now it is yet unclear how this will affect things regarding the use of the Sia file hosting services since it is more than just a crypto coin while Decred is more of a traditional crypto coin. The promise of securing the network better with ASICs is not new, the more important question here however is what if a limited number of people hold most of the ASIC’s power in a network and then it becomes pointless to mine if you do not have access to an ASIC miner and/or cannot afford one. Copyright ©2014-2018 - - All About BTC, LTC, ETH mining as well as other alternative crypto currencies. How To Mine For Vertcoin VTC For Free there.
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So some of you may know me from BCT and other forums since late 2010/early 2011. Some of you probably dont. I just thought I would take a second to share why I won't be buying the new planned* ASIC miner for SC.
I think that SC is a great project with great potential and I am currently a host on the network myself with a decent holding allocation of SC.so this post is not meant to be derogatory in any way towards the SC team, their project, plans or goals. I am also currently GPU mining SC.
I joined the crypto-sphere in late 2010 and started mining Bitcoin immediately and shortly after, several other alt coins. Below I am going to outline a couple points and reasons as to why I won't be pre-ordering the new Obelisk ASIC from the SC dev team. 1- Pre-Order Concept Miner. Being a miner or the last 6+ years, there is one thing that I have learned the hard way. Several times unfortunately. The major learned lesson was to never pre-order any mining hardware unless there is some verifiable proof of construction available.
Solo Mine MonaCoin MONA on this page. Not proof of concept. Not engineered drawings. Not digitally rendered images. A true proof of construction or prototype is required for me to place a pre-order.
I have purchase some of Bitmain's hardware on there semi-preorder system but that is generally for a couple months and they have a proven track record of delivering mining hardware. I first fell for the pre-order trap with Butterfly Labs in late 2011 or maybe 2012 when they opened up their Butterfly Labs Jalapeno miner for pre-order. $150 for a 5 Gh/s miner while bitcoin was super cheap. So it was a large investment at the time for a nascent industry and me being a college student. I didn't receive that miner until the end of 2013. When the altcoin craze was going on in 2014, I pre-ordered two miners from Alpha-T.
Totaling roughly $2,600 and I have never received them to this day. I will not be pre-ordering any miners. At least without a working prototype.
The Obelisk unfortunately does not meet that requirement. 2- Currently no dedicated development team. The SC team is currently selling the pre-order of a miner that has no set specifications, no working prototype development and no formal team behind it yet (other than the SC team) so it seems like it is trouble waiting to happen. From the FAQ on the obelisk site 'Right now the Sia core team is launching Obelisk, but we will be hiring for an Obelisk team in the near-future.'
So right now they are taking pre-orders for a miner that doesn't even have dedicated team behind it. The SC team is great but you can only do so much at one time. It is just a concept at this point.
Developing a custom ASIC (Application Specific Integrated Circuit) Is not simple. There have been numerous companies to try and fail throughout history. Not just crypto mining but in general. They are raising money for a miner that has never existed with a team that currently does exist. And they set some lofty goals: 3- Lead time.
Aside from the fact that there is no current way to verify the sort of progress this ASIC miner has achieved so far, there is already a stated lead time of 1 year. June 2018 is the current estimated delivery date. So if everything in the development and technical process goes PERFECTLY. You will get a miner in June of 2018. If there is any problem at all. Expect several additional months of work or more.
Or worst case. No miner at all. What would my suggestion be other than NOT buying this ASIC concept miner? Well in addition to learning not to pre-order any miners in the crypto industry I have also learned that money now is normally better than money later when it comes to mining. I would suggest two options: 1- Take the $2500 that you would consider investing in this non-existent miner and buy Bitcoin (or your favorite altcoin or SC) and hold until next year and you will probably make much more than waiting for the miner to be released and then waiting for ROI and then accruing profit after that. 2- Take the $2500 that you would consider investing in this non-existent miner and buy GPU's (if you can find them) and miner the hell out of SC while you can. Come this time next year, IF the ASIC miner gets delivered.
The difficulty will skyrocket. So you would be taking advantage of the current lower difficulty levels now. Hold the mining earnings you make, wait for the difficulty increase/price increase and be a happy camper.
Just my 2 sat on the subject. Thanks for reading if you made it this far haha.
As much as I like to see some discussion, you're spreading a lot of wrong information. I'm not sure if it's because of your past experiences with pre-orders.
So right now they are taking pre-orders for a miner that doesn't even have dedicated team behind it. They've already hired a company called Custom Silicon Solutions and designing is underway. This company has a 20 year history and had already delivered bitcoin ASICs. June 2018 is the current estimated delivery date. So if everything in the development and technical process goes PERFECTLY. You will get a miner in June of 2018.
The team has repeatedly stated on reddit and slack that June 2018 is a very, very conservative estimate. The internal expectation is Feb 2018. They've mentioned this in the FAQ of their pre-sale website () too.