Requirements For Siacoin SC 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. Biggest Asch XAS Miner. 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.
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.
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. You can only mine with latest Claymore miner which supports Siacoin stratum mining.
All mining pools specified in the list support Siacoin coin, and provide service and have no problems with withdrawals. Find your closest pool server using ping information. The less value of connection time is better.
There are 4 SC pools online. And waiting you to join miners' community. To get more information open mining nodes for each website using menu button.
This tool was created for many users who can not build a huge mining farm but also want to get profit in mining. Best chance is to connect to any Siacoin pool. Be aware of low hashrate pools, they often use same design and it takes a lot of time to get first payment, it can be one week or even one month, look hashrate information at our rating table. Please note that Siacoin mining pools may change or add nodes without notifying us. Strongly advise you to make a research about admin operator who is behind the pool and visit mining forums to get a reputation of that pool before joining it.
Siacoin is good for dual mining with Ethereum or Musicoin using Claymore dual miner. This profit can be used to cover electricity consumption of your Rig. Claymore does not take 2% fee for the second coin, so you can mine SC without any fee, absolutely free.