How Do You Mine Siacoin SC

This extract is taken from my. Siacoin is currently ranked in the Top 40 of all coins based on the market cap of slightly above $200 million dollars. There are about 28 billion Siacoins in circulation and it will hit the cap of over 40 billion soon enough. So why does it have value?

Sia is one of the few coins in the market that has a product. It provides a decentralized storage space, that should be quite safe from hackers, compared to mainstream cloud services. It will probably compete with cloud storages offered by Amazon, Microsoft and Google, and at a cheaper price. The price will be determined by market forces (you and me). In other words, it will give Google Drive, Dropbox and Amazon S3 a run for its money.

Siacoin (SC) has been picking up recently and there have been talks about privet mining pools available, but the good news is that you can already GPU mine the SIA. GTX 1070 Eth + SC Hashrates? You can dual mine ETH + SC and then sell one to buy the other. How do you guys get such high hashrate for Siacoin with GTX1080?:O.

How it works Basically, you need to have at least 2,000 Siacoins to use the service and you can also rent out storage space to others for a fee. Since the storage and the amount of coins in the market is limited, I predict that the value should go up further. Another thing one should look at before investing in a coin is to see who’s behind it. It’s actually one of the more important things. Anyone can create a coin these days and they will remain as shitcoins if there’s no one credible behind it.

Siacoin was founded by Nebulous Inc, a startup in Boston and it looks legit so far. They’ve focused more on their product rather than marketing them, which shows there’s room to grow if someone does the marketing for them. It’s great to see the founders working hard on the project, rather than just marketing a shitcoin. Currently, Sia is in competition with two other coins, i.e. MaidSafe and Storj.

LBRY Credits LBC Mining Future. It will be interesting to see which coin prevails. Do you guys invest in Siacoin? As usual I appreciate all upvotes, resteems and follows.

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