X <br /> Can't load widget<br /> And not all projects or currencies are worth noticing, as most fizzle out and die while others later turn into scams. That’s why at, we do this research for you and only equip you with information that matters. In the past I have published following articles on popular Altcoins: • • • • This article will educate you about one such project worth noticing.

Its name is Sia, and it is fueled by its cryptocurrency called Siacoin (SC). What is Sia Cryptocurrency? Sia is a cloud storage platform like,, and. But what sets Sia apart is that it is an open-source, blockchain-based, decentralized cloud storage platform. In short, Sia is a decentralized cloud where data is stored on the blockchain. Centralized storage services are prone to single points of failure and also the misuse of unencrypted data for higher business profits.

Sia unites together a large amount of unused storage space and couples it with a blockchain to make encrypted and decentralized cloud storage. Thus, it eradicates the need of trusting centralized data centers.

Siamining.com is the first PPS mining. Quick Payouts – Daily payments with a low threshold of 500 SC. You can check your stats by entering your Siacoin. Siacoin Price Chart US Dollar (SC/USD) Siacoin price for today is $0.0389. It has a current circulating supply of 31.4 Billion coins and a total volume exchanged of $. Claymore's Dual Mining - Dual Mining of Ethereum and Decred. Decred (DCR), Siacoin (SC), LBRY (LBC) or Pascal. Thank you so much for reading until the end! SiaCoin (Sc) Bitcoin Forum. Need more details siacoin. I am expect the price of siacoin to double by end of this year.

Sia’s official website says: The long-term goal of Sia is to be the backbone storage layer of the Internet. We believe data should be free. We aim to liberate the unused bits of the world and construct the largest storage super server on the planet. The idea of Sia – decentralized cloud storage – was conceived at the HackMIT 2013 Hackathon, and is now backed by (headquartered in Boston, USA). What is Siacoin? Siacoin is the cryptocurrency developed to use the Sia platform.

Anyone can rent out extra space on their PC to the Sia decentralized network and get paid in Siacoin. Similarly, any user who wants to use Sia storage needs to pay Siacoins to a host. This is a special purpose currency for the Sia network which executes file storage contracts on the Sia blockchain. A host has to keep the files for an agreed upon time and in an agreed upon space. Later, after the end of the agreement, payment will be released to the host in Siacoin.

If the host loses the files, they won’t get paid. These file contracts on the Sia blockchain ensure that the host and the user are both satisfied. Sia was launched into the market two years back on 7 June 2015, and it started trading at $0.000046 per Siacoin. At present, the Siacoin is worth $ 0.017867 per unit, which is a 38,700% increment in price in just two years. This increment is so huge that it has brought Siacoin to the 14 th position in the list of top 20 cryptocurrencies by market cap. Team Sia: Core team of SiaCoins (SC) The company behind Sia is Nebulous Inc. Nebulous is based in Boston, Massachusetts, USA.

• David Vorick (CEO): In addition to being the CEO, he is also the lead developer of Sia Core. He graduated from Rensselaer Polytechnic Institute with a BS in Computer Science. • Luke Champine (Co-Founder): Luke studied at Rensselaer Polytechnic Institute with David. He dropped out of college to work on Sia full-time. He is Sia’s core developer and loves programming. • Johnathan Howell (Sia Core developer): He started programming around age 10.

He has an M.A. From Savannah College of Art and Design. He is working on the front-end of Sia to deliver a clean, well-built, and easy to use UX around the core functionality. • Zach Herbert (Head of Operations): He excels at project and product management.

He is studying for an MBA at Harvard Business School and graduated from Boston University where he studied mechanical engineering. He started working with the Sia team in January 2017. Supply of Siacoins The supply mechanism of Sia is somewhat unique. There will be an infinite number of Siacoins. To with, developers mined the first 100 blocks. The reward for the first block was 300,000 Siacoins. After the first block, the Siacoin reward will exponentially decrease by one unit for subsequent blocks.

It means that the: • 1 stblock had 300,00 Siacoins. • 2 ndblock had 299,999 Siacoins. • 3 rdblock had 299,998 Siacoins. • 4 thblock had 299,997 Siacoins. And so on until the block rewards are reduced to 30,000 Siacoins.

After that, for every block mined, 30,000 Siacoins will enter the system. At present, there are 26.7 billion Siacoins available.

Marketcap of Siacoins According to, Siacoin (SC) has a per unit price of $0.026 with a current market cap of $842,003,965 ($842 million) on a 24-hour volume of $46,592,400 with an available supply of 32,182,143,672 SC. Buying and Storing Siacoins Step 1: Get a Cryptocurrency (BTC/ETH/) To get a cryptocurrency like BTC/ETH, convert your fiat currency to BTC/ETH on any popular cryptocurrency marketplace. For converting fiat into BTC, you can use this guide:. If you already have BTC/ETH, you can skip this step. Step 2: Crypto to Siacoin There are few major exchanges from where you can exchange BTC/ETC for Siacoin: • • • Out of these, Shapeshift is the easiest way to get ahold of your first Siacoin. If you want to know the step by step process of using Shapeshift, see our guide on. Now that you have bought your Siacoins, move them to a wallet.

Step 3: From exchange to Sia Wallet At present, Sia only supports desktop wallets on Linux, Mac, and Windows platforms. • Download the most recent Sia wallet. • Run the wallet and wait for synchronization with the blockchain. (This can take several hours.) • Create a new wallet and unlock it using the seed key displayed.

(Unlocking can take several minutes.) • Secure your seed key. Bytecoin BCN Cash Mining Pool List on this page. • Click the Receive Siacoin button and send the Siacoin you purchased from the exchange to this address.

The Future of Sia Unlike many other coins or crypto projects, Sia didn’t start with an ICO or pre-mining. Still, to date, Nebulous Inc. Has raised $1.25M in total funding. Prominent investors include,,, and angel investors like Xiaolai Li. The long-term goal of Sia is to compete with cloud storage platforms like Dropbox, Google Drive, and OneDrive. In the blockchain space, Sia’s direct competitors are and, but Sia claims to be better with encryption and decentralization. The developer’s community is confident that they are making a highly competent product and they don’t believe in mass marketing campaigns for promotion.

Sia- Decentralized Cloud Storage I think Sia has come just at the right time because the need for data privacy, security, and decentralization is at an all time high in the market. And it goes without saying that the future of Siacoin hinges on the success and rate of adoption of Sia cloud storage, which is looking promising at the moment.

And at the time of this writing, the price of Siacoin has increased 50% in the last 7 days. The future is looking bright for Sia. What do you think about Sia and Siacoin? Are you intrigued by its potential?

Do you think it’s over-hyped? Let me hear your comments and thoughts in the comments below! Useful Siacoin Cryptocurrency Resources To keep yourself updated on the latest news on Sia: • • • • • • • • Like this post?

Don’t forget to share it! Here are more altcoins that you can read about: • • • •.

What in the world is SiaCoin? SiaCoin is a Altcoin like many other AltCoins that can be mined and traded for Bitcoins or Dollars. But what separates Sia is they provide a Peer to Peer encrypted cloud data storage service. Ultimately their service functions much like Google Cloud or Microsoft Azure at a far less expensive price. With the added benefit of Sia users being able to get paid for sharing extra storage on their storage drives.

What's the huge announcement affecting Sia's vaule? SiaCoins's CEO and co-founder David Vorick has made a huge announcement that has really shaken up the Sia community. Sia has just released their own ASIC miners called obelisk! In the past 24 hours, Sia began selling their miners that they claim will enable miners to be able to mine more than 6,000 SC per day!

With the coin being valued at around 2 Cents as of this post that would be ruffly 12,000 US cents or $120 each day. Meaning the obelisk will pay for its self in less then 21 days if, in fact, the $2,499 miner performs as expected. What does all this mean for the future of SiaCoin Mining? This certainly means the end of GPU mining for the coin. This news has rocked many of the current GPU miners to the core and they have expressed as much to the community. I completely understand not wanting to invest in a piece of equipment only made to do one thing and will be obsolete in the near future.

But here's the thing if you are ever going to invest in an ASIC miner it's in the very beginning when they are just being introduced. If everything goes as planned early adopters will be make a very nice return on their investment. How does the ASIC mining switch up affect the SiaCoin Value? Well even before the miners have ever been released the coin has been crashing as a result of the push back from the community. Community members are very disappointed with the direction of the coin. But as David Vorick has pointed out ASIC miners bring long-term stability to AltCoins. These very expensive miners only have value if they are plugged up mining SiaCoin.

This means SaiCoin will be around for a while with obelisk adopters being heavily invested or even married to the coin in a sense. What does all of this mean? If you plan on mining Siacoin in the future, the time to invest in your ASIC miner is now. If you are in invested in Sia on the market don't panic and sale off your your coins.

We should see the coin more then bonce back shortly after the obelisk's hit the alt streets. If your just now hearing about SiaCoin now is the perfect time to get in on the coin while is super under valued. Love to hear what you guys think about the future of SiaCoion. Is it time to jump ship or go all in?