Announcement from Sia team :
Bitmain has announced ASICs for Sia, shipping in 7 days. 1275w, 815 GH/s, ~$3200 USD. They are more expensive and less efficient than the Obelisk SC1, but they ship several months sooner (7 days as opposed to several months).
Bitmain has a long history of being abusive towards coin communities, their customers, and towards coin developers.We prepared for something like this by adding an extra feature to the SC1. We can do a soft-fork that slightly changes the PoW algorithm which would invalidate the bitmain ASICs, but allow the SC1 units to continue working. In the event of an attack from Bitmain, we can activate this soft fork. At this time, I do not think it is necessary, but if they start mining empty blocks or otherwise prove problematic for the network, we have recourse that does not involve destroying the usefulness of the SC1 units. This fork would of course require community adoption, it's not something the devs could decide to activate on their own. It would be a UASF, because the majority hashrate would not be standing behind the soft fork.
Overall, I do not think we have much to worry about. Hopefully (and very likely), this soft-fork will never be necessary. But I wanted to remind everyone (including Bitmain) that, at the end of the day, it is the community that has control, not the miners. If ASIC manufacturers act in a way that is harmful to the network, we have recourse.
Just chest thumping. That would be suicide to Fork in response. They could lose most of, if not all miner support. Bitmain could just re-flash the firmware to respond? Initiating the fork could actually give control to the ASIC's miners, of the entire surviving coin. I suspect Bitmain would like this attempt. Bitmain are some cagey cats man. They know what they are doing.
I hope so. Seems sia would want a fast hashing network no? And sia is not easily traded ATM, so with bitmain miners and nicehash supporting mining, most exchanges would likely open up to sia no? Iean nicehash has to liquidate the SC to exchange for BTC right? Now all of the traders, especially the bandwagon folks, can now buy SC creating more demand.
Also was the sia team threaten by the obelisk announcement of their miners?? Why just bitmain?