So I want to start mining siacoin. Because those are ASICs and only work for SHA hashing. Siacoin uses. Miners that fuel mine for sc & eth. The following is a quick start guide of mining SiaCoin on Windows 7 or greater x64. To mine SiaCoin you need a GPU, SiaCoin account and miner. Account can be obtained in several ways. The simplest way to register on one of exchanges. Miner can be downloaded from the link below. Download Claymore DualMiner. Extract the archive to. Chrisstigson (42) in siacoin • 8 months ago Today I set up some mining for SiaCoins, just to try it out. It is another cryptocurrency, decentralized for Cloud-hosting/storing. Everyone has probably heard about dual mining. Let's talk about its advantages and drawbacks. How Does Dual Mining Work? Let's focus on Siacoin and assume the. You can only mine with latest Claymore miner which supports Siacoin stratum mining.

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 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 MineBox 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. 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. Fastest Bitcoin Gold BTG Miner 2018 here. 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.

Siacoin (SC) has been picking up recently and there have been talks about privet mining pools available, but the good news is that you can already GPU mine the SIA crypto tokens that are powering a decentralized storage network in an open pool. The open Siacoin mining pool already available is and you can join it and start mining in no time. The pool does not need a registration, all you need to have is a wallet address – generate one with a SIA local wallet or use an exchange generated wallet from Poloniex or Yunbi. You can download the GPU miner for Siacoin written in in Go for pool mining () compiled and ready to be used from the link below (64-bit release for Windows) or use the latest that brings support for Dual Mining Ethereum along with Decred or Siacoin as a second coin (previously only Decred was available for dual mining). The SIA Nanopool pool uses PPLNS payout scheme, has a fee of 2%, executes payouts once a day with a minimum payout currently set at 5000 Siacoins. Out test with the Siacoin Go miner for Siacoin shows about 1116 MHS as a hashrate for a single Radeon R9 290X GPU without overclocking, so you can have that number as a reference. The miner also works on Nvidia GPUs (it is still using OpenCL, not CUDA), as a reference number you can expect to get about 803 MHS from a GTX 970, do note however that for Nvidia-based mining rigs the go miner is the only choice as the Claymore dual miner is only for AMD GPUs.

If you want to focus on mining Ethereum and mine Siacoin as a secondary coin and have AMD GPU mining rigs, then you can also try the latest Claymore dual miner version 5.0 that now gives you the choice for mine Decred or Siacoin besides Ethereum. Please report your hashrate and success in running the miner on different hardware, both AMD and Nvidia-based GPUs, in the comments below. Should you decide to try mining Siacoin. – Other Similar Publications: • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •. Copyright ©2014-2018 - - All About BTC, LTC, ETH mining as well as other alternative crypto currencies.

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