Ninjastic
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Board Mining (Altcoins)
Re: Bitmain Antminer A3 earning $500 a day mining SIAcoin . .WHAT?! Results & Stats
by
Tekno2020
on 08/03/2018, 19:06:20 UTC
Quote from: dimpsk on March 08, 2018, 06:00:30 PM
Quote from: Tekno2020 on March 08, 2018, 04:38:49 PM
Quote from: SingMine on March 08, 2018, 03:15:01 PM
Anyone that owns an A3 or other Sia miner needs the price of this coin to move. It’s barely above 1 cent at the moment. What are people’s predictions on this?

Bitmain just sold batch2 A3s at very low price of $980.  Halong selling B52 batch1 at $5,549.  Obelisk supposed to release batch 1 of SC1 miner this summer.  That is a lot of mining power focused on a small SIA network with no other coin to mine besides SIA.  There is definitely an oversupply of ASICs on the SIA network for where the dev team is with the project.
Regarding the price of SC siacoin,,,,,,, it looks like many ASIC miners  took the approach of mine and hodl for a better price, so there is increasing overhang (hodlers waiting to sell)  to overcome for the price to break through 4-5 cents again. 

Come back in a couple of years.  Either Siacoin will be a micro penny....$0.00035 or at $0.10+ depending on execution of the dev team, btc price, etc..

I afraid siacoin totally ruined by it founders. Better to forget it.
Buying asic for siacoin mining is a madness.

Ya, the dev team are 1st class amateurs.... they should have focused on building out the software/GUI/network and encouraging adoption instead of trying to create a ASIC miner.  I guess they got greedy with calculations on how much they could make self-mining.