1th Decred DCR Miner
Some of you might remember that back in June Sia has announced their plans to develop a dedicated SiaCoin (SC) ASIC miner called the Obelisc SC1 capable of 300+ GH/S at 500W ot less power consumption according to the latest information. Well, it seems that Sia has figured out that since Decred (DCR) uses a very similar algorithm to what SiaCoin (SC) uses (both being variations of Blake) they can also develop the first ASIC miner for Decred as well. The Obelisk DCR1 should be capable of at least 475 GH/s with less than 500W of power usage and both ASIC miners should be available at pretty much the same time. So now the pre-sale of the first batch of 4000 Obelisk DCR1 ASIC miners for Decred (DCR) is up for pre-sale on the Obelist’s website along the Obelist SC1 ASIC miner pre-sale for SiaCoin (SC). Both pre-sales will run up until November 24th and they are expected to ship on or before June 30th, 2018. Both Obelisk ASIC miners are available for pre-order at a price of $2499 USD and come with a 6 week exclusive mining period and a $250 per-unit coupon for future Obelisk purchases as a bonus.
Now, since this is a pre-order for a product that is currently in development we advice you to be extra careful as we’ve seen a fair share of fails in that area and a lot of empty promises. We are not saying anything for the Obelisk, it seems to have a solid team working on the project according to the information available, we are just warning you to be careful as it is a pre-order for a product that is not yet developed and the final device (if/when available) may as well be different in terms of specifications as we’ve seen that happening as well. If by the second half of next year Sia manages to deliver on their promise with the Obelisk ASIC miners for SiaCoin (SC) and Decred (DCR) they will significantly change the landscape for these two crypto coins.
Now it is yet unclear how this will affect things regarding the use of the Sia file hosting services since it is more than just a crypto coin while Decred is more of a traditional crypto coin. The promise of securing the network better with ASICs is not new, the more important question here however is what if a limited number of people hold most of the ASIC’s power in a network and then it becomes pointless to mine if you do not have access to an ASIC miner and/or cannot afford one. – For more details about the upcoming Obelisk DCR1 and Obelisk SC1 ASIC miners.
I'm relatively new to the whole mining game and recently started mining ETH. As many may know, there is a certain mining software available that also allows the ability to mine DCR on the side. I decided to back ETH because of the development potential but that's neither here nor there.
My question pertains to the viability of DCR and value in the foreseeable future. In another recent post it was mentioned by someone that all altcoins will die off. While I don't think that's true by any means I can see the perspective when it comes to competing with BTC.
From an investment standpoint is it logical to exchange these 20 DCR/month I'm earning for other more well-known currencies or is it possible that the value of DCR could recover in the next year or so? The last thing I want to do is be that guy who missed the DCR train like I did with BTC some years ago. Right now I'm contemplating exchanging for Ether but with some guidance and enlightenment I might find it better to simply hold onto through the ups and downs much like I have done with ETH over the last few months. Sadly, there seems to be a consistency with a downward trend when it comes to DCR. First off, it is not a certainty that dual-mining increases profits. Dual mining raises power consumption and hence your electricity bill. In many cases, you are in fact worse off dual-mining than mining ETH only.
I wouldn't put it past Bitmain to post something on February 1st right after batch 2 of Obelisk closes just to scoop up all those who were hesitant in buying more miners due to their first release of the A3. On second hand, and I just thought about this recently, maybe they don't want to go to Decred in the first. We use Claymore for dual mining ETH + DCR/SIA or other supported coins. 0x3ba6Bec13899d67c4B9c37230bCd49dB822A6b35.miner1 -epsw x -dpool stratum+tcp://decred.eu.nicehash.com:3354 -dwal 3NiDmSa79f1rNY2a2ia5E76pUeEW7RqVQU.miner1 -dpsw x #-di 0,1,2,3,4,5 -allpools 1 -esm 1 -mode 0 -fanmin 75.
You should measure your power usage, and factor in the 2% extra fee of the Claymore miner (don't forget pool fees too.). I mine only ETH and then exchange automatically the same day for coins with better long-term prospectives (than one that hard forks multiple times a year). I exchange all my mined ETH directly into Siacoin and Decred via Shapeshift. Because of falling prices of both altcoins, I am seeing more coins in my wallets each day. My Siacoins are in turn used to top-up on TBs of extremely-cheap, long-term storage contracts on the Sia network, and my Decred goes right into purchasing PoS tickets. Result: Sit back and enjoy the feeling of Instant Compounding!!
How Electroneum ETN Mining Pool Works. First off, it is not a certainty that dual-mining increases profits. Dual mining raises power consumption and hence your electricity bill. How Are Electroneum ETN Mined here.
In many cases, you are in fact worse off dual-mining than mining ETH only. You should measure your power usage, and factor in the 2% extra fee of the Claymore miner (don't forget pool fees too.).
I mine only ETH and then exchange automatically the same day for coins with better long-term prospectives (than one that hard forks multiple times a year). I exchange all my mined ETH directly into Siacoin and Decred via Shapeshift. Because of falling prices of both altcoins, I am seeing more coins in my wallets each day. My Siacoins are in turn used to top-up on TBs of extremely-cheap, long-term storage contracts on the Sia network, and my Decred goes right into purchasing PoS tickets. Result: Sit back and enjoy the feeling of Instant Compounding!!