Quote from: Eyedol-X on July 21, 2018, 12:29:07 AM

Quote from: Searing on July 20, 2018, 05:57:22 PM

Quote from: Longsnowsm on July 20, 2018, 05:10:40 PM

Well this one looks like a train wreck unless the SIA guys pull a rabbit out of the hat and say they are flipping the algo in the new miners so only the Obelisk's are supported. I don't see how these will be profitable otherwise. Big mistake telegraphing your moves when you have smart and aggressive competition.

well at least they could do like Baikal and try to encourage new algos for blake2b

as I've said before...from everything I see ..they are just 'sliding by' on stuff..hoping it all works out

not a well run project from any direction from what i can tell (remember minerbox ..meh)

ah well, lost 1.11 btc in total on this on and over what I'd paid in taxes and the equip deduction....or about 4K in real $$$ more or less

so it goes

brad

p.s. Ave USA kWh price is 13c a day. After electric that is 97c a day at today's prices, so yeah, $30 bucks a month is not gonna cut it...but again, they are

covered with the BTC for this equipment they got....likely more than covered, if they held a lot of this BTC, so the point is moot, we are left holding the bag.

I still think they don't resolve this, siacoin will die. Sure it will replace GPU's, but again, if it doesn't pay to mine ASIC's at that point...it will just fade away, it

is not if that is the case you can bring GPU merge mining back at this increased difficulty.

If Siacoin gets their actual network functionality launched that enables mainstream cloud storage and cloud backups, basically all the features that Minebox was "supposed" to do, I think it will make their network viable again but who knows what they will accomplish and when.

To me it's a core of dedicated people with big aspirations.... and I hope it pays off.

I bought my Obelisk(s) to support the network expecting there wouldn't be profits from them at least on the short term.

Diff between no profits and not even enough to pay electric. If ASICS cant pay electric you
Just buy the coin amount used in electric. If you mine underwater on electric and have to chip
Chip in extra for electric you are mining coin for more than buying coin, which is silly. Also if
Everyone does same, you also drive difficulty up on your loss. Thus coin dies.

As to cheap storage plan. They have it. But same thing as minerbox. No one knows about it also
Vs Amazon. The are not marketing this as an alternative.

We will see.