I work for a sell-side equity research firm (not the one mentioned in the article). I sit next to an associate who is on our semi-conductor team. We have frequent conversations about crypto and have recently started talking more about the impact mining has on the sales of these companies. If this trend of creating unique proprietary chips for mining specific coins develops it will be very interesting to see the partnerships that form out of it. Let's say IBM is Sia's manufacturing partner, there's no way NVDA or AMD would sit on the sidelines.

A Beginner’s Guide to Mining Siacoin. Siacoin mining uses your computer’s graphics. I posted a workaround on reddit that reduces the wait time to ~20. Are you thinking about adding Siacoin (SC). You will need a Siacoin and access to a mining pool that pools your effort with other miners and. 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. Anyone happen to run by a guide on mining in ubuntu? What is Siacoin (SC). Mining, marlin, and Ubuntu (self.siacoin).

Overall, I am positive on the news. This is just another development that could lower the barrier for users of Sia. The more users, the more demand, the higher the price.

Just remember supply is only one side of the equation. Cloud mining is a scam, they always end up like ponzi or they charge so much you can't break even.

Look for ones that let you host your own equipment so you can get the benefit of economies of scale and low cost of electric while owning your miners. Giga Watt is the best known hosting provider and doing an ICO you should check out, there are others that have been around. If SIA goes into just cloud mining I'd avoid it completely, it's centralized and customers will lose money.

Newest Bitcoin Gold BTG Miner. That's the history of cloud mining. Liquid may have a point. I have been exploring and testing the Sia platform as a host and renter. The format they are currently in does not allow a renter to 'see' what they are buying into. And so the buyer creates these data storage contracts and has no idea that there are extremely high fees for uploading data and storing it. I'm not saying this is tru of all hosts, but there are some who are doing this and the fact there is no visual onthe contract before buying is a bit SCAMMY at this stage for Sia. I have mentioned this in the slack and will be posting about it with evidence in the FORUM.

I am giving them some time to react though and develop. But 2 people I know have had about 11,000 SC deducted in 1 upload because of lack of contract transparency on the contract they bought. Sia system auto selects the contracts right now and AUTOPAYS before you realize anything. I got in on Ethereum early because I could see its huge promise (just like with Sia). Thankfully, my reasoning and faith paid off and I apply the same principles when evaluating any crypto's potential. Around the same time Eth spiked, I started researching other cryptos extensively. Other than Sia, nothing in the top 25 cryptos stood out for me as good investment opportunity for the following reasons: • Sia appeared by far the most marketable crypto, with a clear and easily understandable, achievable goal.

• Top-tier dev team: extremely intelligent, hard-working, transparent and continually updating the community and taking onboard feedback. • A working product (albeit that still needs improving). It is/was only a matter of time before it received major exposure. Most other cryptos I looked at did not meet all/any of the above criteria, and I still feel the same way. However I'm keeping my eye on Golem, Factom, Augur and a couple of others. Like it or not, the vast majority of GPU mining happens in centralized datacenters inside of China.

While many people are able to mine GPUs, they pale in comparison to the sheer number of farms in China that are mining Ethereum, etc. If you want to remain even remotely competitive, even in the GPU market, you have to buy specialized hardware. You have to have special rigs with cheap boards that carefully distribute power, you have to own the card that is maximally efficient, and a ton of other difficult factors that make it easy for one party to gain an advantage over another by doing something subtle. You don't want that.

You're crazy if you think majority happens in data centers. You can prove this by looking at pools, nicehash for example. Add up the obvious data centers and compare to combined hashpower of the rest of the miners. They are large percentage but GPU are available off the shelf around the world, way too decentralized for the datacenters in China to become a majority. If we go into a bear market and profitability takes a dive then they will likely be mining while many turn off their rigs but with current prices that isn't the case. Sure - but the point I was going for is on any of my GPU rigs, I can mine ethereum and make profit.

I can mine siacoin and make profit. I can mine zcash and make profit. With ASIC miners, either I have ASIC miners and I can mine siacoin or I don't and I can't because ASIC miners will dominate the network hashrate. Maybe there's more to this announcement than has been released so far that will add clarity to what you're saying; but it doesn't seem like you're presenting a solution to this problem. To be clear I support Sia, I support the development team and I will continue to do so. With ASIC miners, either I have ASIC miners and I can mine siacoin or I don't and I can't because ASIC miners will dominate the network hashrate.

That is a good thing for network security. Bitcoin Cash BCH Mining Module on this page. If miners can easily switch hashrate between coins, they can 51% attack networks when it suits them by drawing power that is otherwise going to other coins. A lot of the large Ethereum miners already have this power, the ability to wreck any GPU-based altcoin they choose.

If Sia makes the jump to ASICs, you can only attack the network if you've put down the captial to own Sia specific ASICs. That's an extra layer of defense. It is good for the network when our hashrate has to be Sia specific, even if it adds constraints to miners. Those are constraints that we want to see - the miners will be much more motivated to protect and defend the Sia network, because if the Sia network fails the miners are hosed.

We like that as a feature of our network, it's a good incentive structure. Today, miners are not super motivated around Sia because if Sia fails, they can just point at another coin and continue making about the same amount of money.