Mining Siacoin can be very profitable, however, it isn't always clear how much you will make. Mine 1 Electroneum ETN Per Month. This calculator is designed to help make this process a little easier. It works for both mining rigs at home as well as cloud mining services. If you're using your own rig at home, input your hardware costs and your power costs in kw per hour (you can find this on an electricity bill, or search online for averages in your area if you're unsure). If you are using a cloud mining service, such as, input your initial contract fee, any maintenance fees you have, along with your pool fees.

Today I set up some mining for SiaCoins, just to try it out. It is another cryptocurrency, decentralized for Cloud-hosting/storing. More info @ http://sia.tech/. Lyra2REv2 Hashie Zcash cloud mining cex io. Things around the SiaCoin (SC). On the other hand people that are interested in getting into mining SiaCoin and.

Then just click calculate. The results estimated below the calculator. It will show you your daily, weekly, monthly and yearly profits.

Motherboard Viacoin VIA Mining on this page. The calculation is based on the difficulty of the mining, the exchange rate of SC to USD, along with the factors you entered. It will also show you the time, in days, it will take for you to break even on your expenses.

Sia Tech Last month announced () as a way to prevent 51% attacks that they are in partnership with a chip maker to produce an, The Obelisk, for SiaCoin mining. The Sia Tech goes in depth into why they believe ASIC’s are the correct move for the project and also provide a thoughtful introduction into differing blockchain proof systems. The post is a great introduction to the mechanics of the blockchain and ASIC mining vs GPU mining and we haven’t even started talking about the groundbreaking technology that all of this powers, decentralized cloud storage.

Obelisk by Nebulous The has already had its pre-sale come and go. Initially they planned to sell 2,000+ Obelisks with a hard cap of 10,000 total units offered in the pre-sale. After the week long pre-sale 1,000 units had been ordered so they extended the pre-sale indefinitely with the aim of 2,000 orders and a hard cap of 4,000 units total. At the time of this writing 1.260 out of 4,000 miner’s have been ordered. The Obelisk is not expected to be shipped for 6-12 months which, in conjunction with the recent market correction, seems to have scared away Obelisk buyers.

In exchange for taking the risk of pre-ordering the Obelisk, Sia and Nebulous have guaranteed that no Obelisks will be shipped for at least 6 weeks after the first batch has been shipped to those who order in the pre-sale. Even with the total ordered below the goal it appears (via ) that the team will still be able to manufacture with what they have planned. All of this is great news for the Sia team and Sia Tech in the long run as they have laid out their vision and are allowing investors/miners/storage aficionados decide whether or not it fits their needs. Risks and Investment Considerations Having to wait 6 months to a year in the cryptosphere seems like a lifetime and with the current market correction Siacoin has seen its price lose about 60% of its value. While this is clearly a tough time for all cryptocurrencies, this also changes the equation on whether or not the Obelisk is a good decision knowing that your investment is tied up for at least 6 more months (if you pre-ordered early you got your money out near a peak). With that being said, let's take a look at potential risks of buying an Obelisk over the next 6-12 months and rebuttals to those risks: • Sia Tech could go bankrupt, developers leave, and/or the coin loses all value • Sia was recently rewarded a $400k grant - with which they can fund 5 MORE Devs for a year • Based on the current roadmap they plan to upgrade their UI and backend tech, including video streaming support, in the coming months which will hopefully lead to more customers and more SC demand.

• 3.9% of all revenue from the use of Sia.Tech for storage goes to funding Sia.Tech and its parent company Nebulous • Sia.Tech and Nebulous take the money from Obelisk orders and run • The higher ups at Sia.Tech are US citizens and Nebulous a US company leaving them open to legal repercussions • The devs and higher ups have very public personas with a very active presence on Slack, Reddit, and other social media • Designing ASIC’s is really hard and numerous companies have failed to delivered before. • This is where it depends on your investment strategy and tolerance for risk. This will differ for everyone and should be thought through based on your current and future life situation. • This comes down to how much you believe in the technology to make the leap and if you trust that the ASIC can be made as well as live up to the power being advertised. • Someone else makes an ASIC miner before the Obelisk is released slashing the reward potential.

• Given the low value of a single SiaCoin and its low visibility to the general public compared to ETH, BTC, LTC, Ripple, etc. It seems unlikely another chip company will throw it's hat in the SiaCoin ASIC game. • While this would hurt the miners profit and initial investors of the ASIC it could help shield SiaCoin from 51% attacks as discussed in their blog post on why ASIC’s are the direction they are taking the project.

• Sia has a large and negative bug/black swan event/publicity making the coin lose so much value that mining Sia becomes poorly profitable • This cannot be predicted and when a but or black swan occurs it will more than likely not only affect Sia, but the market as a whole, as we have seen over the past month since hitting record highs. • The $2,500 used to buy the ASIC could have been put into another currency (e.g. ETH, BTC, LTC, etc) during this dip which in turn 5x's by the time the obelisk is released. • Example: $2500 into ETH and 1 year from now it is worth $10,000. Nice profit, but when do you sell and when do you Hodl? In the current situations this seems pretty unlikely but the crypto world is crazy and may flatten out once the Bitcoin power struggle has sorted itself out.

• If the market 5x’s then SiaCoin would likely increase as well as we have seen a lot of correlation with the major coins during every swing. As resources grow investors look for items to diversify into and as it contracts everyone goes back to the pillars of the economy.

Rundown by the Numbers No one can predict where the price of SiaCoin will be in 9-12 months but to get an idea of how much SC the ASIC miner will be able to generate, you can visit and use their simple calculator to predict a rough cost/profit analysis. Using the assumption that 4000 Obelisk’s are sold the expected monthly mining reward per ASIC is 150,000 SiaCoins for the month of June 2018. For the sake of this analysis we will also assume that electricity is at a rate of.15 KW/H which is roughly $55 a month to run the Obelisk.

Since the block rewards decrease every block by an increment of 1 this equates to 4,320 in a month and we can use the following chart to estimate what it will look like after a year. No, these are not guaranteed numbers, this is all based on the split that should be rewarded with the assumption that 4,000 Obelisks are in use. If the number of Obelisks in use goes up, then the expected rewards would go down since the mining rewards would have to be split up amongst more miners.

What is guaranteed is the block reward for solving a block during the time period above (it's part of the Sia whitepaper), what is not guaranteed is the number of miners and the amount of hash power competing for the rewards.