May 20, 2017 - If you have an NVIDIA GPU, you will install CUDA. If you have an AMD GPU, you will install OpenCL. If you see something else, you likely don't have a compatible GPU. This means you won't be able to mine Siacoin, but check the mining hardware section (below) to see what mining-ready GPUs are. Is mining Siacoin worth it? Siacoin (SC) is unoptimized yet. It would be extremely profitable as people would be looking for more protected methods to store. Just recently started mining Siacoin with Antminer A3. 2-5 days ago it was around $400-$500, currently it stands at around $160-$170. It's a rat race to the bottom of the barrel. I am not a rocket scientist but with this speed it will be worthless to mine within a week. What's the worst case scenario price profit for. Welcome to SiaCoin (SC). Mining Siacoin (SC) Mining Pool; miningpoolhub. How to find the most profitable coin to mine on MiningPoolHub?

Is a new approach to cloud storage platforms. Instead of all datacenters being owned and operated by a single company, Sia opens the floodgates and allows anyone to make money by renting out their hard drive. Data integrity is protected using redundancy and cryptography. Sia uses a cryptocurrency, Siacoin, to enable decentralized payments via file contracts. All payments on the network happen in Siacoin, which is a critical component of our cryptographic SLAs. Siacoin allows us to do things that would not be possible with Bitcoin or traditional online payments. I hold a couple of thousands of Siacoins (3,374), which I've gained via my swing trade activities.

The current price (Middle December) is about $0.01 per Siacoin. I keep buying and holding a bunch of crypto coins, and I should note that 2017 has been a crazy in terms of returns. Currently, my Crypto portfolio has gained a total value of 268.47%, which is the highest return I've ever seen (compared to stocks or peer to peer lending, for example, where I can get about 10% annually) Affiliate link here: If you are just planning to acquire your first bitcoin, ethereum or litecoin, consider to, once you buy or sell $100 (€85) of digital currency or more, we will both get $10 (€8) of free bitcoin. Remember your capital is at risk, never invest capital you cannot afford to lose!

Use this calculator to gauge how profitable mining Siacoin (SC) can be for you, based on your hash power, hardware costs, contract fees, pool fees and more.

Now it was at the start of December when I decided to build my first GPU mining rig, I decided to go with a and ordered goodies from Amazon, while still waiting for items to arrive I purchased a cheap Radeon graphics card () and put it in one of the spare office computers. I made some calculations and find that mining probably could be profitable in 2018, see: Now once I successfully installed this card on PC I decided to mine with.

I was pleasantly surprised to learn that I could dual-mine two coins without affecting total performance for ethereum mining. I chose to dual-mine and ethereum and siacoin. Mining Ethereum and Siacoin with Simple Mining OS I got following hashrates from this Radeon RX 560 graphics card: • ETH - 10.7 MH/s • SC - 85.64 MH/s Now using I got following return per month (results are after 1% pool fee, and $5.8 electricity fee) • ETH - $33.58 • SC - $0.84 Without doubts, mining ethereum seems logical, but hey in terms of mined coins the return is completely different: • ETH - 0.0493084 • SC - 80.95 Imagine if Siacoin would go up in value from $0.01 to $0.5, for example (I'm not saying it will happen, but it could happen), 80 siacoins would be worth $40. Well, sure it doesn't sound realistic (yet), but in 2017 we have already seen even greater breakouts, ripple for example (see: ). With Siacoin ranked 42 and Ripple #3, it's probably not right to draw parallels, but any gains, even a $0.01 would mean a 100% profit.

Tpruvot has made an official release of his updated ccMiner fork () version 1.8.1 along with Windows x86 and x64 binaries available for download. The x86 Windows binary is compiled with VS2013 and CUDA 8.0 RC and the x64 binary is compiled with CUDA 7.5, it is best to use the latest video drivers to have support for CUDA 8.0. The new ccMiner 1.8.1 adds support for mining Siacoin (SC) on Nvidia GPUs using CUDA, SIA uses Blake2-B algorithm, though at the moment different pools still seem to rely on different protocols for mining and not all of them are yet supported by ccMiner. The miner supports the SIA Nanopool RPC (getwork over http) as well as the getwork over Stratum implementation of Suprnova, but not yet the Siaminingpool stratum protocol (you should still be able to mine there via getwork). The hashrate seems to be slightly better than that that uses OpenCL and also works on Nvidia GPUs. The new version 1.8.1 also comes with small improvement in the LBRY hashrate improvements (by alexis78) over the previous. So if you are mining LBC with Nvidia GPUs, then you might wan to update to the new release in order to get slightly better hashrate.

The Lyra2RE support has also been updated with the with the Nanashi Meiyo-Meijin improvements, so it should be faster than before. We are continuing our recent look into blockchain-based storage services such as Storj and crypto coins that are mineable with HDD such as Burst with another similar service that is more like Storj and Burst combined into one – the Sia. This project offers users to store files in the cloud using other users’ free disk space and people with free disk space to earn something extra by providing it to the network. Sia uses SiaCoin, a crypto currency token that is used for getting contracts to store your files as well as to get paid for sharing your free disk space. The SiaCoin is also available for mining in a more traditional way, so you might want to try that as well as an alternative way for obtaining the crypto currency token used by the service instead of trading it on an exchange.

So far, so good everything sounds promising, especially considering that Sia is already operating a working network, though still in beta, with users hosting and buying space as well as mining. The question is how well it all works out and is it worth spending time and free space or even mining at this point in time, we wanted to know exactly this The Sia wallet integrates all of the basic functionality you need in order to operate with the service including the options to create contracts and upload files as well as to access them or to lease your free disk space to users needing such. This means that the wallet needs to be running all the time and that goes as well if you want to be able to mine SiaCoins as well. Best Litecoin LTC Mining Calculator. Currently SiaCoins can be mined using a GPU miner, an OpenCL one that works on both AMD and Nvidia GPUs, though it should be faster on AMD-based video cards. You can expect to get up to about 900 MHs from a Radeon 280X or a GeForce GTX 970 as a reference, but do note that the miner for Sia is also pretty CPU intensive, so if running with multiple GPUs the hashrate may slow down if the CPU gets overloaded. So far the Sia GPU miner needs quite a lot of extra work to become really useful, there are still no pools for SiaCoin mining and you need a running and unlocked wallet on each system you want to mine Sia on. How Much Bandwidth Does Bitcoin Cash BCH Mining Use.

Furthermore you need to run a separate instance of the GPU miner for each GPU you want ot mine the coin with, so with the current network difficulty and solo mining it may take quite a while until you hit a block, making the mining not to attractive. To get to try sharing some files by renting some space on the Sia network you can use a faucet to get some SiaCoins, however it seems that the faucet has some downtime, so alternatively you can purchase SiaCoins from Poloniex where they are traded with a price of 7 satoshi per SiaCoin (pretty cheap). You can see what is the average price per GB per month in SiaCoins in the wallet among the currently active available hosts to get an idea how much you may need to spend depending on your storage needs.

So with 200 SiaCoins per GB per month if you need 1TB of storage you would need to pay for it about 0.014 BTC equivalent or a little over $5 USD each month. The service encrypts the files and apparently stores them on multiple hosts in order to ensure availability even if one of the hosts experiences some downtime. The problem here is that managing your files from within the Sia wallet is not the most convenient you would expect, so this is also something that needs work as alternative cloud storage services like DropBox and many others do provide much more convenient access to user’s files.

The part where you are Hosting user files and are getting paid in SiaCoin in return is probably what more people are interested in. Here you set your price in SiaCoin per GB per month and the amount of free space you want to have available for sale and start waiting for getting contracts from people that need space. Dedicating 100 GB does not mean that they will be instantly filled at the moment even if you set a very low price of just 10 SiaCoins, it is wise to see what is the average price at the moment and base yours accordingly in order to get contracts as well as for them to be profitable.

Based on your active contracts you will see what is the expected earnings that you will get at the end of the contract if you manage to fill them in. It is not very clear what level of downtime is acceptable before a contract is cancelled, but restarting the wallet a couple of times did not pose a problem for our few test contracts at a very low price. What is important here for providing Hosting services via Sia is that you need to be able to have your PC running the wallet accessible via an external IP, you can use port forwarding and the wallet supports UPnP as well. Though we’ve had a fair share of issues with connections not going through even though UPnP was working and port forwarding was just fine, leaving the wallet run for a few hours and these have disappeared by themselves.

Getting your computer Hosting files on the Sia network accessible over the Internet could cause some issues for novice users and it also makes it hard to run multiple computers sharing free storage from a single external IP. After spending a day trying to make Sia work properly and experiencing a few issues with things not working and trying to make them work we can conclude that although Sia does work decently it still needs a lot of work. The wallet needs to become more user friendly, better access to stored files is a must in order to get wider user adoption and to attract more people hosting files on the network, pool mining support needs to be added and the GPU miner needs to be further improved to support mining on a different computer running the wallet and so on. Sia, much like many others, also suffers from the lack of detailed information and answers to the many questions that new users may have, there is some information available and it is not very well structured, so that also needs quite a lot of work too. You can still give Sia a try if you are interested, but it is too early for people that are interested in seriously using the file storage functionality or the ones interested in earning from sharing their free space. At the moment Sia is at a stage where you can just give it a try to see how it works and what you can expect in the future, not something that you can use to make good profit mining or sharing free space.

We are going to be checking Sia again at a later time to see how things may improve in the future –. 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.