This is exciting, A new coin and an ASIC to mine it! As a miner of SIA and prior to the fork I am seeing all the careful design and product polishing that is going into all the current and future products. ROI has been met and net profits for those early customers and miners on the SC1 has been a pleasure to deal with. So much so that no wonder why the resell market and aftermarket is so small - miners are quiet and making net profits, both mining and reselling gear.
Fact is if the other larger manufacturers took their time to really look after the needs of miners they would have done a much better job at modulating the hardware design. For example I was an early adopter of DCR mining via first batch D9’s and they were not cheap! At $6k each I spent a small fortune ordering my rack full. Sure I was netting $200 per day but that was short lived. What was happening behind the scene was that there was a massive hoard of these being used to mine the DCR network dry at such a high rate that the roi via mining DCR was impossible to reach. Luckily I was able to flip my gear - the second, third and fourth batch owners were kind of screwed… This is what lead me to really consider the exclusivity roadmap where Sia + Obelisk meant they would ensure a much more stable roi opportunity for early miners whom got in. Fast forward to now, SC1 remains on the top of the ASIC profitability charts - 4 months post fork! Take a look: https://apanel.com check it out full screen on your cpu browser so you can see the full data set - on mobile it is condensed.
Now Intro GRIN Coin and the newly announced GRN1 ASIC. This is super exciting as a miner because the coin is so fresh off the lab and so Obelisk is leading the charge to serve that coin and allow us miners to join the mining opportunity - outside of the GPU realm. I am not a gpu miner so I can’t wait for this one!
Instead of insulting and complaining lets validate some of the real facts and milestones Obelisk has achieved for its customers and miners. For a US based company I sure am proud of how far they have come in such a short time. At the end of the day if you don’t jump in early as in securing your GRN1 via the vouchers which is a significant discount initially at just $100 per then once things start looking great on GRIN value and realize you want to get into the cool club it will most likely cost you double as one can clearly see what happens once demand outpaces availability.
Keep up the great work!
As a miner I manage a large group on telegram called Blockchain Association of Miners and we welcome all miners to join the discussion and connect with fellow miners all over the world.