Get Free Siacoin SC Without Mining
A few months ago everyone was talking about Siacoin, that it is the coin that could gain you some profit. So I followed this coin for a few weeks and learned more and more about the tech behind it. It is in my eyes one of the only coins with really great potentional and that could be used for real: cloud storage.
The people behind the development of SiaCoin (SC) have tweeted an interesting, but very brief post about an upcoming release of a dedicated ASIC mining hardware.
But then suddenly the coin started to drop in price, why? I mean, the coin is great, the tech is incredible and there's a very active and good dev team behind it. I only invested a small amount of money in Sia so this doesn't hurt me at all but I was just wondering why this happened. Why did people sell and start to lose interest in it while it was first so heavily pumped and hyped? Wait, so you're telling me there are people who expected from sia to increase for almost 4 million%? At the time of Sia's ATH BTC had 37% market dominance. Altcoin market was unrealistically big mostly fueled by uncertainty about augusts hardfork.
It had to eventually correct and I'm glad it did. Slower growth builds confidence and stability.
If you're not aware SC price is 25 times higher than it was in march and 20% from 2 weeks ago so there is obviously demand, mostly from speculators but that's what's running this schizophrenic market right now. About product itself; as devs mentioned it is too early to promote and market the product since there are issues that need to be solved and features that need to be developed. SC is one of the safest long-term investments out there; it has a working product and big passionate community of renters behind it. As english is my second language just read the Taek's post, he explains it much better. • • • • • • •. Very few will recover their ASIC investment though, that's part of the problem, and many do not realize this. As more miners come online, the difficulty rate goes up.
Next thing you know, you're only mining 75,000 Siacoins per month, and going down from there. The people who get their ASIC's first will win, anyone else will eventually be left out. Yes, mining will continue to help support the network, but at what profit level? If you want to mine for fun, be my guest, but many will drop out because it's simply no longer profitable. No need to prove any of this, just look at Bitcoin or any other ASIC-supported crypto. If you want Siacoins, you should buy them now. Don't waste your money on ASIC's.
Where To Mine Bitcoin BTC on this page. Electroneum ETN Asic Usb Miner. • • • • • • •.
Is a new approach to cloud storage platforms. Instead of all datacenters being owned and operated by a single company, Sia opens the floodgates and allows anyone to make money by renting out their hard drive. Data integrity is protected using redundancy and cryptography. Sia uses a cryptocurrency, Siacoin, to enable decentralized payments via file contracts. All payments on the network happen in Siacoin, which is a critical component of our cryptographic SLAs.
Siacoin allows us to do things that would not be possible with Bitcoin or traditional online payments. I hold a couple of thousands of Siacoins (3,374), which I've gained via my swing trade activities. The current price (Middle December) is about $0.01 per Siacoin. I keep buying and holding a bunch of crypto coins, and I should note that 2017 has been a crazy in terms of returns.
Currently, my Crypto portfolio has gained a total value of 268.47%, which is the highest return I've ever seen (compared to stocks or peer to peer lending, for example, where I can get about 10% annually) Affiliate link here: If you are just planning to acquire your first bitcoin, ethereum or litecoin, consider to, once you buy or sell $100 (€85) of digital currency or more, we will both get $10 (€8) of free bitcoin. Remember your capital is at risk, never invest capital you cannot afford to lose! Now it was at the start of December when I decided to build my first GPU mining rig, I decided to go with a and ordered goodies from Amazon, while still waiting for items to arrive I purchased a cheap Radeon graphics card () and put it in one of the spare office computers. I made some calculations and find that mining probably could be profitable in 2018, see: Now once I successfully installed this card on PC I decided to mine with.
I was pleasantly surprised to learn that I could dual-mine two coins without affecting total performance for ethereum mining. I chose to dual-mine and ethereum and siacoin. Mining Ethereum and Siacoin with Simple Mining OS I got following hashrates from this Radeon RX 560 graphics card: • ETH - 10.7 MH/s • SC - 85.64 MH/s Now using I got following return per month (results are after 1% pool fee, and $5.8 electricity fee) • ETH - $33.58 • SC - $0.84 Without doubts, mining ethereum seems logical, but hey in terms of mined coins the return is completely different: • ETH - 0.0493084 • SC - 80.95 Imagine if Siacoin would go up in value from $0.01 to $0.5, for example (I'm not saying it will happen, but it could happen), 80 siacoins would be worth $40. Well, sure it doesn't sound realistic (yet), but in 2017 we have already seen even greater breakouts, ripple for example (see: ). With Siacoin ranked 42 and Ripple #3, it's probably not right to draw parallels, but any gains, even a $0.01 would mean a 100% profit.