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What is the Obelisk SC1 ASIC Miner? The Merkle

What is the Obelisk SC1 ASIC Miner? The Merkle

Many currencies can only be decently mined by using an ASIC. This is especially true when it comes to Bitcoin, Litecoin, Dash, or now even SiaCoin. Obelisk SC1 is the very first ASIC miner designed to mine Siacoin, or so rumors voorkeur. Evidently, the coin developers have worked together with an undisclosed US ASIC manufacturer to build this unit. Numerous details are still shrouded ter mystery.

The Siacoin Obelisk SC1 ASIC Miner

Whenever a fresh ASIC miner is released for a cryptocurrency, things get interesting quickly for its targeted coin. This wasgoed especially true te the Bitcoin world, spil ASICs switched the mining spel altogether. Overheen the years, wij have seen similar devices emerge for Litecoin, Dash, and now SC spil well. But does Siacoin need such an ASIC te the very first place and what its influence it will have on the ecosystem spil a entire?

Considering the SIA ecosystem is all about decentralized cloud storage solutions, an ASIC miner for such a currency seems rather strange. Most people looking to mine SC either need to rent out their hard drive space or use their rekentuig’s graphics card. With the upcoming Obelisk SC1 ASIC miner, that situation will come to switch very quickly, assuming the product is legitimate.

Not knowing the manufacturer of thesis 28nm ASIC chips is a bit of a problem. Even however SIA Tech claims the company ter question has around twenty years of practice, there should be no real harm ter exposing who it is. Wij will not know for sure until more specifics are unveiled by the team overheen time. Keeping such vital information under wraps is fairly disconcerting, spil it makes everything show up less legitimate.

From the limited information wij do have, wij can deduce the device will cost $Two,499. It is available for pre-order, which is more often than not a sign of an opoffering people should skip out on. Most Bitcoin mining manufacturers have suggested pre-orders before, and only a handful of them everzwijn shipped products to customers. It is unclear if the same could toebijten with the Obelisk SC1 pre-orders, but it is significant to keep the history of such products te mind.

Additionally, this SIA ASIC is allegedly capable of mining at a speed of 100 GH/2nd. That is a substantial speed, which would prize users with up to 60,000 SC vanaf month. At current prices, that equals 0.Two BTC or just timid of $500 at current Bitcoin prices. Moreover, keeping ter mind how this device has an alleged power consumption of below 500 watts, it would instantly become one of the most profitable miners ter all of cryptocurrency. When something sounds too good to be true, it often is.

With pre-orders available for perhaps the most lucrative ASIC miner ter history built by an undisclosed manufacturer’s chips, it is visible why some people doubt the legitimacy of this project. Moreover, the initial delivery date is set for June 2018, which means people are paying about a year te advance for a product they may not see before 2019 or zometeen. It is a very big investment to make, and going the pre-order route still seems sketchy at best. It does not show up this miner will support different algorithms, and customers can only pay with Bitcoin right now.

About The Author

Jdebunt

JP Buntinx is a FinTech and Bitcoin enthusiast living te Belgium. His passion for finance and technology made him one of the world’s leading freelance Bitcoin writers, and he aims to achieve the same level of respect ter the FinTech sector.

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