Earlier this week we have checked out the current status of, an interesting altcoin that uses free HDD space for mining as well as started using – a Blockchain-based cloud data storage service that has its own crypto currency token used to pay users sharing their free hard drive space (also mineable). So now it is time to share what we have earned or should earn for 5 days of mining Burst coins and sharing our free space using the Sia and also to compare to what we have earned as a rewards for testing the that we have posted about yesterday. We are starting with Burst, for 5 days mining the coin with 100 GB plot size (rather small) in a mining pool we have managed to earn a little short of 180 Burst coins. These coins are immediately available in our wallet once they are confirmed, unlike with DriveShare where rewards are currently distributed on a monthly basis for the previous month and when the contract ends for hosing files on Sia. Looking at the current exchange rate for Burst is 19 satoshi per coin, so for 5 days this means we have managed to mine just about 3420 satoshi. An estimate for 20 days based on these earnings in order to be able to compare to the earnings from Storj means we should expect to mine the Burst coin alternative of about 13680 satoshi. How Is A Bitcoin Cash BCH Mined.

Just as a comparison, for 20 days sharing the same 100 GB size of data on the DriveShare in the current beta we have earned as a reward a little over 12 SJCX coins or about 115000 satoshi. So even with the not so high rewards in the current Storj DriveShare beta you can earn more than mining Burst with the same shared free space. The catch with Storj however is that you need to invest in at least 10000 SJCX coins and have them in your wallet in order to be eligible for receiving rewards.

Moving on to Sia that is similar to idea to Storj’s MetaDisk and DriveShare services, however unlike with Storj’s services Sia is already operational and you can purchase contracts ans share files or host files of other users and pay or get paid for your services. After 5 days of running the Sia wallet and client sharing 100 GB of free space on the network we are at an estimated 520 Sia coins to be earned once our current contracts are over. This is with a set price of 100 Sia coins per GB of space per month which is below the average usually floating in between 130-160 Sia coins per Gigabyte per month price that can even go up to about 200. The current price of Siacoin is about 7 satoshi or this means that when we fulfill our hosting contracts we would have earned 3640 satoshi for 5 fays or an estimate of about 14560 satoshi for 20 days in order to compare with the Storj rewards. The catch with Sia is that even though we are sharing 100 GB of free space for 5 days we have managed to get contracts for hosting only about 3.5 GB of user data.

More More How To Mine Emc2 videos Using WhatToMine you can. 7 day, 1 month how profitable it is to mine. To mine the next Bitcoin: Einsteinium (EMC2. How much money do Bitcoin miners make? $15,000 Investment can bring about $6,947.14 per month. Over the course of a month I can expect to mine $10. 1 - Einsteinium (EMC2): Hard Fork & Coin Burn FORK will occur on block 1699157. The date displayed on the poster is calculated based on current block and block time equivalent to 60’’. How to mine EMC2 with AMD GPU for beginners in less then 3 minutes. Einsteinium EMC2 mining tutorial for beginners [Windows] [AMD GPU] US.

Interestingly enough with just 3.5 GB we have managed to get an estimated earnings of slightly more than when mining for Burst coins, but still significantly less than we have earned from Storj’s DriveShare beta rewards. IF we multiply the rewards for the 3.5 GB shared data to estimate what would the full 100 GB earn if we have sold the full size result in about 14872 Siacoins in earnings. That would mean that for 20 days if we managed to immediately sell the full 100 GB free space that we decided to dedicate to Sia we could have earned nearly 105000 satoshi. This would be significantly more than form Burst, but still lower than the DriveShare rewards estimated for the same time and with the same amount of free space shared. So it seems that Storj’s DriveShare beta service and the rewards that are being distributed for helping in testing and developing the service is more profitable at the current exchange rates and the potential for even more earnings s there once the service is ready for official launch. The drawback however is that you need to invest a significant amount in at least 1000 SJCX coins in order to be eligible for rewards. Also once again the service launches it may face the same problem as Sia at the moment – not enough users to quickly take up all of the offered free space by hosters.

Sia has good potential to develop and compete with the likes of Storj, but it needs more users and needs to address some important things that we have covered in our initial impressions. The advantage that Sia has is that you are able to mine Siacoins in a more traditional way, however this also needs work as currently it is only solo mining and there are quite a few inconveniences present there as well.

Best Hardware For Cryptonex CNX Mining. Then comes Burst, it also needs more work to become more user friendly and easy to get into by novice users. Burst has a lot of extra features, however they are not that well described or easy to be used or whatever, making their presence insignificant if they do not attract users or are being used just by very few people.

Then again you may also say that the coin is undervalued at the moment, another possibility that results in low profit for mining Burst at the moment Other Similar Publications: • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •. I already asked this question a week ago and still haven’t received an answer yet. I’d like to know what this “Storj MetaDisk & DriveShare” stuff is, because it sounds very confusing to me and even I as a Bitcoin and Mining expert don’t understand it. And I have read all the blog entries regarding this stuff here. It appears to me that this has nothing to do with cryptocurrencies and mining, it sounds more like a p2p or filesharing service with some storage space to upload files or whatever, so it shouldn’t be on this blog site. Again, what does this have to do with cryptocurrencies? And what the heck is SIA?

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• • • • • • • • • • • • • Hard Fork target block has been reached! Hard Fork target block has been reached! Hello Everyone, So like many of you, ive been eying on Emc2 for a while as well, I bought in just today though I should've two days ago, So about the very big 'mind-blowing' news, I believe the news will be very big indeed. Looking forward to the 19th but here I thought I'd reply to your points: • EMC2 is not the first coin to announce bind blowing news and let the hype build up just to deliver a promise of a way in the future event. Market typically just drops the coin immediately on that day. People are of the mentality 'Buy the hype sell the news'.

If EMC2 can deliver and over deliver on the buildup then we can most definitely see a rocket ship moment for the coin. A price will beyond previous ATH would be in sight. • I would disagree, many people know why. The hard fork had no reaction because the market was busy elsewhere.

BTC run up till the 6th and the subsequent LTC run up for 4 days there after. LTC breaking $200 and $300 >Einsteinium hard fork. Many coins hard forked in that week. Many coins had major platform releases but BTC and LTC are the gold and silver of this market place. All eyes were on them. • They actually might not be timing it just right IMO. The next BTC Futures is coming up and BTC is already making a slow climb and building momentum again.

If BTC wakes up and starts running the news could be over shadowed with the headlines of 'BTC could go to 20,000'. This market is news based and a larger news will overshadow great news of other coins. 4 & 5 I have no say.

Overall I look forward to the news and I have a huge holding of EMC2. Yeah 'mind blowing' is so subjective to me. You really need to have some strong news for me to be 'mind blown' in this market. A strong partnership that is confirmed would be great but most partnerships wouldn't be mind blowing sine many enterprises are looking to get into Blockchain. I'm not talking oh we're not partnered with Microsoft we're just customers of Azure kind of nonsense that some coins did either.

I'm talking news like, our next update to the chain will allow 1Million transactions per second is mind blowing. • • • • • • •.