How long can sc cloud storage coins be mined

How do I mine siacoin (SC)?

Users can use Siacoin to rent or sell storage space. SC can be efficiently mined with ASIC miners, e.g, Goldshell HS5 、 HS3 、 HS3-SE 、 HS-BOX 。 Register a DxPool account (not a wallet) before start mining SC. Check the miner, network, and electricity condition.

How are bitcoin coins rewarded?

Coins are rewarded on a declining inflation schedule that is nearly flat after several years of emission. The chain shares a mining algorithm with Sia. Decentralized storage is provided using a Renter/Host analogy and storage proofs as originally envisioned by Greg Maxwell on Bitcointalk back in 2014.

What are the benefits of mining siacoin?

Users of the Sia platform can greatly benefit from the low prices of its decentralized storage services. What’s even better is that the higher demand of free space in the future will bring the price of Siacoin higher. Mining Siacoin can bring you a lot of profits. With the current block reward, you have the potential to earn up to 131,263 SC.

Is siacoin mining profitable?

Currently, the only profitable option of Siacoin mining is by using the Antminer A3, which produces a hashrate of 815GH/s while consuming 1300 Watts of power at a price point of $475. Once you’re ready with the hardware side of things, we recommend joining a SIA mining pool where you cooperate with other miners.

How do I start mining SC?

Register a DxPool account (not a wallet) before start mining SC. Check the miner, network, and electricity condition. Your miner must be connected to the DxPool server listed below for your hashrate and revenue to be recorded and monitored. You’ll need to enter the following information in your mining device:

Can I mine siacoin with a GPU?

Mining Siacoin with GPUs is still possible, but not recommended. If you want to make money from Siacoin, you definitely need an ASIC miner. The creators of Siacoin began the development of Sia ASIC miner (Obelisk SC1), but in January 2018 they were surpassed by the biggest manufacturer of ASIC miners – Bitmain.