Does It Make Sense To Mine Siacoin SC
I've seen on a tutorial that it is possible to mine to your exchange wallet adress. But i reached the amount of 500sc and SC have paid three hours.
Look at things from this perspective. Every minute you spend thinking about 'if it makes sense' is a minute where you could have 1 coin minted. I started with 2 rx470. Now since i got my hands on some free 1080's i have a 1 rig dedicated to mining Sia and will keep it running until my obelisks come. Mine Sia until you have a sizeable ammount and then sell a portion of it and keep the rest, or if you dont like the prospect of just mining Sia you can dual mine Sia and some other coin at the same time to keep things interesting. Then you are looking for the wrong coin.sia atm doesn't make you a quick buck it's a time investment that will pay itself off in about 1-2 years depending how the project evolves.
The obelisks will actually make the price climb, at some point in the beginning the price may drop but it will rise once people have dumped all they havr mined until then and the asics slowly start to take over. No one really knows what's happening with their coin of choice in regard to value but one thing sia also has running for itself is the fact that it is more stable than most coins and the value is bound to rise in a controlled fashion • • • • • • •.
Things around the SiaCoin (SC) ASIC miner market seem to be heating up lately as soon after the there is a fresh new announcement coming from another new ASIC manufacturer for a Blake2b ASIC Miner. The DragonMint B52 Blake2b ASIC miner was just announced by, a newcomer on the ASIC market that looks promising, but we are yet to see it start delivering any mining hardware. Buy Bitcore BTX Mining Contract.
The device they have announced is supposedly capable of 3.5 THS Blake2b mining hashrate at 1000W -/+8% with 135 ASIC chips, making it probably the most efficient ASIC for SiaCoin (SC) if they manage to deliver what they are promising of course. There are not many details, including price or release date for the device and it seems more of a move to judge the interest by launching a waitlist, but still interesting to see there are possible alternatives popping up. So you might want to keep an eye on the product and join the waitlist to get more details as soon as they become available. This came as a bit of unexpected surprise, but it seems that BitMain already has a working ASIC miner for the Blake (2b) mining algorithm (and maybe even for other variants of Blake) and they have announced their plans to start shipping the Antminer A3. The Blake 2b crypto algorithm is currently being used by SiaCoin (SC) and last year there was a pre-order for an official SiaCoin ASIC miner.
BitMain’s ASIC miner however seems to be arriving much earlier with similar specifications and price, so anyone that has pre-ordered an Obelisk SC1 might not be that happy. On the other hand people that are interested in getting into mining SiaCoin and missed their chance with the pre-order might order now from BitMain and get the device shipped in 10 days after payment according to the company. The people behind the development of have tweeted an interesting, but very brief post about an upcoming release of a dedicated ASIC mining hardware intended for mining the SiaCoin tokens. The Obelisk SC1 is supposed to be the first ASIC built for Sia mining according to the official tweet from Sia Tech (@SiaTechHQ). There are no more details revealed at this point, though more information should be made available by the end of the week. SiaCoin has been getting more attention lately and the price of the crypto tokens has been rising, though releasing a mining ASIC for a token that is intended to be used for renting and leasing file storage is an interesting decision.
Having a dedicated NAS device tied to SiaCoin like the makes much more sense for a service like that. SC can currently be mined using GPUs and not only being earned by providing free space to users that need to host some data and getting paid in SiaCoin tokens in return. Butterfly Labs PACcoin PAC Miner on this page. We are going to see what SiaCoin will actually announce and what their upcoming Obelisk SC1 will offer, but the initial user feedback is not that positive as one would expect. Switching to ASIC mining can actually result in negative results with GPU miners moving away switching to other altcoins and not getting into ASIC mining SC. As far as we are aware there are no other altcoins based on the same algorithm and mining like SiaCoin so essentially an ASIC miner will be very limited in terms of usability and may actually reach its end of life cycle much faster than other ASIC miners that can be used for multiple crypto coins that use the same algorithm. Copyright ©2014-2018 - - All About BTC, LTC, ETH mining as well as other alternative crypto currencies.
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