Sia Obelisk Unveiled

>not accepting sia
>June 2018

I'm selling

>spend $2500 for a $250 return.

>>2579126
"We will be selling the miners for Bitcoin. We expect the sale volume to be very large (in the tens of millions of dollars), and we feared that the Sia cryptocurrency would not have enough liquidity to handle all of that volume, resulting in the price rising quickly as people scramble to buy Siacoin for the ASIC, and then the price falling quickly as we convert the Siacoin to USD. This is the worst of both worlds - participants buy the siacoin at a premium, and then we sell them at a discount. Bitcoin has much, much deeper liquidity, and we can sell large volume of Bitcoin quickly without moving the price too much."

>>2579165
>price rising quickly
>price falling quickly

That's exactly what I wanted

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>>2579211
They're fucking over anyone mining with a PC without rewarding existing miners/holders with a pump. Fucking faggots. Ree.

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What is with crypto companies and garbage announcements? Don't pre-announce news and hype it unless its hugely positive.

>>2579110
I'm confused on what they are trying to achieve with this. Who are they targeting?

>upfront costs are too expensive to convince a non-miner to mine even if it takes no knowledge
>Miners are going to continue using current rigs cause why not
>some how expects tens of millions of dollars

Tap into China market/mining community maybe? they big on those ready made miners..

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>>2579789
>we dont want china miner domination!
>thats why we made custom asics and are going to sell them
>..to china btw

>>2579531
>Miners are going to continue using current rigs cause why not

you are fucking retarded.
to achieve the hash rate that this asic will offer, youd have to spend roughly 10-15x the amount on GPU's.
No. Nobody will continue mining siacoin with GPU's once ASIC's are released, except for genuine imbeciles and fucking 2nd graders

>>2579861
jihan controls more than 66% of bitcoin mining, which is the reason he gets to flaunt his dick infront of everyone regarding august 1st.
they are personally distributing these asics and ensuring that no one entity controls more than 1/5th of them, ensuring both safety from 51% attacks and a jihan type scenario where the majority miners try to take control.
If another company comes along and makes asics for siacoin and doesn't sell them to anybody but instead uses them for themselves, theres nothing anyone can do.
At the very least the sia team is making sure that the first wave of asic miners will be guaranteed to be decentralized and ensure a fair distribution of units.

>>2579110
This whole thing is a multi-level marketing scheme.
In this case, the miner is also the consumer.

i am selling my siacoin. WTF is this, that you have to pay extra funds, if price of bitcoin goes down. to the moon my ass. Verge and bitbay are doing better than this shit