Post
Topic
Board Mining (Altcoins)
Re: Obelisk Tech Grin Asics
by
nsummy
on 12/04/2019, 22:55:05 UTC
Didn't Obelisk give all DCR1 buyers a credit for the amount of coins that they would have mined if Obelisk would have shipped on time, without factoring in the cost of power, essentially giving DCR1 buyers free electricity? The only thing that happened with the DCR1 is that profitability fell from other miners flooding the market. I'm not really sure how that is Obelisks fault because that would have happened regardless of Obelisk shipping on time or not. DCR1 buyers actually got a better deal from the delay because of the aforementioned free electricity.

Obelisk has faults. They don't communicate enough when there are delays and they are terrible at estimating times. They claim they have fixed their process. We will have to wait and see. But they are also very good to their customers compared to other companies. I was one of the few people that bought a $3,000 voucher for the GRN1 and they are giving me a miner that is currently priced at $10,000. I'm pretty happy with Obelisk at the moment.

Its my understanding that there are some people who still haven't received their DCR1s!  Part of the problem (which hasn't been mentioned much since Obelisk has scrubbed a lot of older posts) is that when people ordered they were told they could get a 100% refund if the miner didn't ship on time or if the specs deviated from what was advertised.  When it became obvious that nothing would ship on time, David Vorick then said that he misinterpreted the law and they weren't required to offer any refunds.  He then said that if they did issue refunds it would equal bankruptcy.  I mean I get it, not every business venture can deliver, but they should have folded the company.  instead they are selling more miners.  I don't think you will find any dcr1 buyer who says they got a better deal.  Even if the DCRs would have launched on time, they were already worthless.

Personally I think it was foolish for you to hand these charlatans $3k but if I were in your shoes I would hope for the best too!  I think the fact that they can sell a $10k miner for $3k just illustrates what type of ponzi scheme this is.  Furthermore I think the estimated specs were at 400w.  I realize the performance has increased significantly but at 2200w, God help you if you didn't want a noisy and hot machine!