I'm planning to get a siacoin miner like those of bitcoin antminer. Has anyone ever ordered one from overseas? I'm just thinking whether there will be any custom tax which I'm thinking there shouldn't be because it is computer equipment.

Great! That's the info I need. Thx!

Damn this GST thingy.....

Not only that. Have to pre-order. ETA is one year and the specs is still largely unknown with a price tag of USD 2500. Only can mine Siacoin and cannot mine other coins because it uses blake2b.

Pre-order is now open but only for one week. There's a lot of reasons why I'm getting it but I'm also throwing a lot of faith into it. If you're interested, the following are some of the reasons:
1) preorder only for one week
2) the first to get the miner and maximize income
3) support the network
4) confidence in the team and prospect of siacoin
5) less than 500w machine that has the power of tens or a hundred GPU! Much more cost-effective than even multiple 6-GPU setup.
6) enough profits to cover total loss if it doesn't work out
7) estimated ROI of one to two months. Note the word "estimated" as the specs is unknown.

There's a lot of things that can go wrong in one year but I'm willing to take the risk. Not recommended fo casual miner.

This post has been edited by kmarc: Jun 30 2017, 12:33 PM

Then I hope i will be lucky!!!

Probably too many? My single Trezor (from Europe) and ledger nano (from Singapore) both no additional tax. I think most people also didn't get taxed.

Yeah, have to pay 1 BTC upfront and add more if BTC drops more than 5%. They will refund if BTC goes above 5% but I'm not that particular. One BTC on paying is still one BTC to me.

Oh, do you want the long answer or the short one?

Haha, will reply you this evening. Difficult to answer fully on the phone.

No arguments there. Hence the backlash of many people when the terms and conditions were announced.

Ahem, I believe you were talking about me?

As mentioned previously, the following were my reasons:



Yup, I'm not from finance or furniture background and the 1 BTC spent will be from my profits.

Again, it is actually blind faith but come to think about it, there's a lot of cryptos that are unproven but people still invest in it, hoping to hit it rich after a few years. You still have to wait a few years and put a lot of faith in them. I don't see a difference between buying cryptos for investment and investing in this miner. Although the risk are different, all have risks nevertheless. If you were given the chance to be the first using ASICs to mine bitcoin, would you do it? As it stands now, there are too many Bitcoin ASICs farm to compete.

Lastly, Obelisk will only proceed if they get at least 2000 orders. If not, they will return the funds.

This post has been edited by kmarc: Jul 1 2017, 07:39 AM

Yeah, diversifying my investments and also, instead of buying a 6-GPU rig to mine coins (which would probably cost about the same) better to use an ASIC with multiple folds of hashpower and insane power efficiency. Nothing beats being the first and I added above, for us, to mine bitcoin using ASIC is a lost cause as we are always the late comers fighting for the crumbs.

Yeah, so many things can happen. Miner project cannot be completed. Miner not up to specs. Later delivery. Company failed. Received miner faulty or going kaput. And if siacoin doesn't make it, the MYR 10k miner will be my most expensive paperweight!

Nice. How many percentage returns of initial investment so far?

Nice. For some reason, I'm just not into cloud mining....

Yeah but for normal people like us, buying a USD1200 miner now to mine BTC would probably not be worth it? How's the return?

So about 200 days? Quite long also leh but as long as got returns, I guess it's ok.

Yeah, cloud mining die, no ownership. Obelisk mining die, ownership of the most expensive paperweight

Oh well, let's see how it goes. Have to reach the initial minimum 2000 orders as the first step first.