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.

What is Siacoin (SC). What does the ASIC mining hardware mean for us GPU Sia. I'm always surprised when I see so many people on here building rigs for mining SC. Siacoin (SC) is going ASIC! Huge Announcement Affecting Sia's Vaule? Earn Money Bitcoin BTC Mining on this page. Cryptcoin (33). What does all this mean for the future of SiaCoin Mining? Jun 29, 2017 - There will be an infinite number of Siacoins. To start 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: 1stblock had 300,00 Siacoins. Siacoin (SC) is going ASIC! Huge Announcement Affecting Sia's Vaule? Cryptcoin (33). What does all this mean for the future of SiaCoin Mining? Mineable Crypto checker for Coin Stats, Profit Calculate, Estimate Earning, Mining Pools, Mining Hardware, Mining Software.

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?

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. Some of you might remember that back in June Sia has announced their plans to called the Obelisk SC1 capable of 300+ GH/S at 500W or less power consumption according to the latest information. Well, it seems that Sia has figured out that since Decred (DCR) uses a very similar algorithm to what SiaCoin (SC) uses (both being variations of Blake) they can also develop the first ASIC miner for Decred as well.

The Obelisk DCR1 should be capable of at least 475 GH/s with less than 500W of power usage and both ASIC miners should be available at pretty much the same time. So now the pre-sale of the first batch of 4000 Obelisk DCR1 ASIC miners for Decred (DCR) is up for pre-sale on the Obelist’s website along the Obelist SC1 ASIC miner pre-sale for SiaCoin (SC). Both pre-sales will run up until November 24th and they are expected to ship on or before June 30th, 2018.

Both Obelisk ASIC miners are available for pre-order at a price of $2499 USD and come with a 6 week exclusive mining period and a $250 per-unit coupon for future Obelisk purchases as a bonus. Now, since this is a pre-order for a product that is currently in development we advice you to be extra careful as we’ve seen a fair share of fails in that area and a lot of empty promises.

We are not saying anything for the Obelisk, it seems to have a solid team working on the project according to the information available, we are just warning you to be careful as it is a pre-order for a product that is not yet developed and the final device (if/when available) may as well be different in terms of specifications as we’ve seen that happening as well. If by the second half of next year Sia manages to deliver on their promise with the Obelisk ASIC miners for SiaCoin (SC) and Decred (DCR) they will significantly change the landscape for these two crypto coins. Now it is yet unclear how this will affect things regarding the use of the Sia file hosting services since it is more than just a crypto coin while Decred is more of a traditional crypto coin. The promise of securing the network better with ASICs is not new, the more important question here however is what if a limited number of people hold most of the ASIC’s power in a network and then it becomes pointless to mine if you do not have access to an ASIC miner and/or cannot afford one. 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.

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