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. 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. Minimum Experience Points XP Transaction more. 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: • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •. Copyright ©2014-2018 - - All About BTC, LTC, ETH mining as well as other alternative crypto currencies. This is a blog for crypto currency miners and users of Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), ZCash (ZEC) and many others. 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.

Welcome to SiaMining! We're the first public mining pool for. • Pure Pay-Per-Share – Least possible variance and no penalty for orphaned blocks. • Native Stratum Support – We're the first Sia pool to support a! Gulden NLG Mining Rig. • Variable Difficulty – Improves network efficiency and provides more accurate miner statistics.

• Long Polling Support – Minimize your stale shares, no matter what protocol you use! • No Account Setup – Simply use your wallet address as the username for easy payouts.

• Worker Support – Accurate and detailed statistics of each worker. • Quick Payouts – Daily payments with a low threshold of 500 SC, or up to every 6 hours when over 1000 SC. No waiting on block confirmations! • No Hidden Fees – All payouts are free of charge. Start Mining Now! Read our getting started guide. Once you've started mining, you can check your stats by entering your Siacoin address below.

Go How PPS Rewards Work Every valid share you submit to the pool is instantly credited to your account, at the current Pay-Per-Share rate. Unlike PPLNS, the pool always pays for your work, even if the pool has not solved enough blocks to cover your earnings or the pool is waiting on blocks to mature. Even in the case of orphaned blocks, a PPS pool pays for shares submitted mining the orphaned block.

Sia is the first decentralized storage platform secured by blockchain technology. The Sia Storage Platform leverages underutilized hard drive capacity around the world to create a data storage marketplace that is more reliable and lower cost than traditional cloud storage providers. Explore live monitoring tool of Siacoin pools. Here you will find list of all SC pools. All Siacoin pools are here. Explore live monitoring tool of Siacoin pools. Here you will find list of all SC pools. All Siacoin pools are here.

The PPS fee covers this, so that the pool can take on the risk of bad luck. Therefore you don't have to deal with variance and orphaned blocks!