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.

What’s the Deal with Siacoin’s. Ethereum Announces Bounty for Open-Source Mining. Level playing field when it comes to open-source pool mining software. Mining Hardware; Mining Software. Another Open Public Siacoin (SC) GPU Mining Pool. And now there is a second more interesting SIacoin mining pool open for. Exchanges Yaamp open source NVC trading phm. Algorithm and mining like SiaCoin so essentially an. (SC) To Get a Dedicated Mining Hardware ASIC Device. Since Siacoin is an open source platform, it ensures that users have contributed to Siacoin software facilitating presence of active. Top 33 Data Mining Software.

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. 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. Other Similar Publications: • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •.

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If you find helpful and useful information you can support us by donating altcoins or Bitcoin (BTC) to: 1AxbMZwtcmCByrHiaWwhse5r6ea1YgBwk1 ETH: 0x8d785ff337046444d8afbac169bcb7c0adfb3266 - LTC: LPYFPK7dL1uEtwrAteLmxs7w8Je446gAAJ - ZEC: t1gg5rWxeMBMsyDRMrq5PJdFLiWQ86LGggi. Fast Hash One Emercoin EMC Mining Machine.

Siacoin is a platform that leverages the capacity of blockchain technology therefore enabling distributed networks to reach consensus in a trustless and secure way. Siacoin acts as a decentralized network of datacenters that comprise of world’s cheapest, fastest, and more secure cloud storage platform. Siacoin uses different approach to cloud storage whereby instead of the datacenters operated and owned by a single organization, they are now open and allowing anyone to make money through renting out the hard drive belonging to an organization.

Siacoin uses cryptographically contracts that are secured and smart that ensures transfer and encryption of data eliminating the possibility for a third party to interfere in any way. Siacoin ensures security of the user’s data. Siacoin achieves this by splitting apart, encrypting, and distributing the user’s files across a decentralized network. Siacoin provides the keys to the user, therefore assuring them that no outside party can control or access their files. Siacoin is affordable.

The Siacoin decentralized cloud is cheap than current cloud storage providers. Siacoin uses little capacity of space. This is achieved by Siacoin storing the user’s files on dozens of nodes across the globe. This ensures highest possible uptime and eliminates any single point of failure while being at par with other cloud storage providers.

Since Siacoin is an open source platform, it ensures that users have contributed to Siacoin software facilitating presence of active community building innovative applications. The Siacoin blockchain provides an excellent platform for creating decentralized storage marketplace. Siacoin uses cryptography and redundancy to protect data integrity.