How To Build A Siacoin SC Mining Rig

Need some hands-on help building your mining rig? You can adjust this value to get the best Decred/Siacoin/Lbry mining speed without reducing. A video guide on how to start mining Siacoins using your computers graphics card. Hi Lee, just started to.

Oct 12, 2017 How to Mine SIACOIN: Easy Setup Guide Mining in India. How to mine Siacoin (SC). How To Build The Cheapest Mining Rig.

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.

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. • • • • • 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. How Much Money Do You Make With Komodo KMD Mining.

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.

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.

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. 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.

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