SIA is a cryptocoin based on SIA Storage – a decentralized cloud storage system that allows users to enjoy safe and 100% anonymous storage for a small fee. The system is based on decentralized nodes all around the world. The storage service received many positive reviews so far and looks like it is becoming a decent alternative and rival to giants such as Amazon S3 and Dropbox. Until not long ago, the only way to mine SIA coins was by either using a GPU rig or by renting HDD space to others via. It does make sense since the decentralized storage system relies on thousands of users from all around the globe who provide free HDD space. However, not long ago SIA Tech released an ASIC for SIA coins. Meet the Obelisk SC1 SIA Tech was a bit reserved about this ASIC miner.

Therefore, no one knew exactly what it will be until Friday 23th. Even then, there is still little information about it and new info is being released every day. What we know so far is that the Obelisk is a 28nm full custom ASIC that is being designed and will be manufactured by a third-party US-based semiconductor company., it is a trustworthy company wit a 20-year track record in ASIC design. If that is true, then we might expect good quality hardware, opposed to those ASICS that are designed by enthusiasts. Hashrate and Price Until Friday 23th, it was unclear about the hashrate and the price of the Obelisk.

Now we know that the ASIC costs $2499 and can be preordered on. The presale will start in 1 day (Wednesday, 2pm eastern time) and will last for one week. Announcing the Obelisk Sia ASIC miner presale! Presale begins Wednesday at 2pm EST, will be open for 7 days. — Sia Tech (@SiaTechHQ) The expected hashrate of the Obelisk is 100 GH/s, which means that with a block reward of 20M SC/DAY the monthly revenue will be of 60,000 SC.

The revenue will be higher in the beginning and is expected to get to 60,000 SC/month when 10,000 Obelisks will be sold. This is expected to happen by June 2018.

Its name is Sia, and it is fueled by its cryptocurrency called Siacoin (SC). Sia didn’t start with an ICO or pre-mining. Contact Archives. VeChain Partners With InfoCorp’s Sentenel Chain To Provide Cross-Chain Interoperability. A Step-by-Step Beginner’s Guide. How Do People Mine Emercoin EMC. Buying cryptocurrency doesn’t have to be complicated! Follow the steps below to get started investing in Siacoin (SC). Price prediction of SiaCoin in 2018. Sorry I'm new on this but my understanding was that there is a limit on the total of siacoins you can mine and there will be. Home » Cryptocurrency » Siacoin » Siacoin Price Prediction 2020: Is SC a. SC a Good Long-Term Investment? At mining this cryptocurrency, and the Siacoin.

SIA Tech claims that the power draw of the miner will be below the 500W mark. Combined with the expected hashrate of 100 GH/s, we get some impressive numbers.

It is certain that once the Obelisk is released, there will be no room left for GPU SIA coin miners. Finally, SIA Tech promised to introduce decentralized mining pools by the time the miners will be shipped. This will allow users to choose between solo and pool mining.

Shipment and Payment While the presale starts in 1 day, the first ASIC shipments are expected to happen in June 2018. There might be delays since ASIC manufacturing isn’t something SIA did before, so personally I take the expected shipment date with a pinch of salt. Just like most ASIC manufacturers, SIA Tech will only accept Bitcoin for their miners. They won’t accept SIA coin as payment since the relatively new coin does not have the liquidity it takes to handle such massive transactions in such a short period of time. Bitcoin does.

Package According to, the miner package includes everything, even the power supply. They promise that the setup is minimal. Controversy and Critics. Vertcoin VTC Mining Cloud Computing. • • • • • Now, there has been a lot of controversy regarding the release of the Obelisk SC1. You probably noticed the tension in the forums about this new ASIC. That was expected since ASCIS are rarely welcomed in the mining community to begin with. On the other hand, the introduction of ASICs was rather beneficial for the cryptocurrency world and it defined cryptomining as we know it today.

This is why I prefer to stay away from any bias as much as possible when making my research about any specific ASIC. People have been also complaining about SIA Tech only accepting Bitcoin as payment.

The daily fluctuations of the cryptoccurency price greatly affect the final price of the ASIC and many users are not okay with that. Yesterday, SIA Tech officially acknowledged this issue and promised to compensate the loss if the price of the currency drops by up to 5%. The main downside about the Obelisk SC1 is that it does not support any other algorithms except the one for SIA coin. Most popular ASICs can work with multiple coins that are based on the same algo, which gives them more versatility and lifespan. This is the only downside about the Obelisk SC1 that does make sense in my opinion. In Conclusion Whether the Obelisk SC1 will be a good ROI or not, it will definitely change the way SIA coin is mined and traded. I really hope that it will be for the best.

While the price of the Obelisk SC1 is rather impressive, the ASIC is expected to outperform any GPU rig. According to the official site, each ASIC chip performs as well as 100 GPU’s. I think that’s something to consider. What do you think about this upcoming ASIC? Will it be worth the money? How will its release impact the SIA coin?

So $2500 for an initial revenue stream of about 900/mo, with the typical exponential difficulty increases of 1.5x per month Month 1 – $900 Month 2 – $600 Month 3 – $400 Month 4 – $266 Month 5 – $178 Month 6 – $119 That’ll pay for the unit, and then you get about $100/month and falling fast for your investment of $43/month in electricity (at 12c/kWh) And, of course, all the risk is yours to take as the revenue may fall off much faster than that – and this is after you’ve already spent thousands building your mining rig that is instantly obsolete for Sia once this thing ships. Also, if there’s an ASIC for Sia now, you can bet that ASICs for all other Blake coins are not far behind. And, with Ethereum going Proof of Stake in a few months, there will be nothing left for GPUs to mine for profit except maybe ZCash, which will become unprofitable fast with every GPU in the world switching to it. Time to put all my cards on Ebay while they are still way overpriced.

Things around the SiaCoin (SC) ASIC miner market seem to be heating up lately as soon after the there is a fresh new announcement coming from another new ASIC manufacturer for a Blake2b ASIC Miner. The DragonMint B52 Blake2b ASIC miner was just announced by, a newcomer on the ASIC market that looks promising, but we are yet to see it start delivering any mining hardware.

The device they have announced is supposedly capable of 3.5 THS Blake2b mining hashrate at 1000W -/+8% with 135 ASIC chips, making it probably the most efficient ASIC for SiaCoin (SC) if they manage to deliver what they are promising of course. There are not many details, including price or release date for the device and it seems more of a move to judge the interest by launching a waitlist, but still interesting to see there are possible alternatives popping up. So you might want to keep an eye on the product and join the waitlist to get more details as soon as they become available. This came as a bit of unexpected surprise, but it seems that BitMain already has a working ASIC miner for the Blake (2b) mining algorithm (and maybe even for other variants of Blake) and they have announced their plans to start shipping the Antminer A3. The Blake 2b crypto algorithm is currently being used by SiaCoin (SC) and last year there was a pre-order for an official SiaCoin ASIC miner.

BitMain’s ASIC miner however seems to be arriving much earlier with similar specifications and price, so anyone that has pre-ordered an Obelisk SC1 might not be that happy. On the other hand people that are interested in getting into mining SiaCoin and missed their chance with the pre-order might order now from BitMain and get the device shipped in 10 days after payment according to the company. 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. 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. 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.