Post
Topic
Board Mining (Altcoins)
Re: First Asic for SIA - Obelisk SC1
by
ekrififi
on 16/07/2017, 08:05:11 UTC
They recently announced in slack that the ASIC will reach a minimum of 250GH/s according to their internal reports.

Wow, that's great news. At first I thought that wouldn't really change the ASIC's profitability because everybody would have the same hashrate, but according to this REDDIT thread, that's not the case.

https://www.google.com/amp/s/amp.reddit.com/r/siacoin/comments/6msupo/obelisk_can_reach_250ghs_now/

ROI per Obelisk won't change if all Obelisks have an higher hashrate. Just saying since some might expect 2.5 times the number of coins..

u/PizzaTucker

•

Jul 12, 2017, 5:04 AM

It might if the ASICs collectively manage to push away more gpus by making mining unprofitable for them.

u/mtlynch

•

Jul 12, 2017, 5:11 AM

I think it actually does. The first 4,000 Obelisks will now have a hash rate of 1 PH/s instead of 400 TH/s.

Total hashrate of the network right now is 353 TH/s. If Obelisks were released today, they'd make up 74% of the total hash rate, whereas at 100 GH/s, they'd only make up 53% of the total hash rate.

The increase in ROI should be even more significant in 8-10 months when the total non-Obelisk hash rate is larger.