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Author: Admin | 2025-04-27
Any other digital currency or blockchain. The developers have avoided bitcoin and Ethereum due to fears of network congestion. By launching their own SiaCoin currency, they maintain full control over their network.SiaCoin is primarily mined with GPUs. Anyone with a high-end graphics card can mine SiaCoin.You don’t need to be interested in the Sia platform to mine SiaCoins. Many miners simply mine SiaCoin because it’s a simple way to diversify your crypto investments. They have no interest in using the Sia platform, and they can sell the coins on cryptocurrency markets at any time. Of course, other miners mine SiaCoins specifically because they want to use the Sia platform. It’s up to you to decide how you want to spend your mined SiaCoins.What You Need to Mine SiaCoinsMining SiaCoins requires the same four basic components as other cryptocurrencies, including:SiaCoin mining hardwareSiaCoin mining softwareA SiaCoin walletA SiaCoin mining poolSiaCoin Mining HardwareSiaCoin mining hardware typically consists of high-end graphics card. However, in late 2017, an ASIC device was developed for SiaCoins, so future SiaCoin mining may be dominated by ASIC. The SiaCoin ASIC chip can mine the equivalent power of 100 GPUs – so the difference is significant.That ASIC was created by Obelisk. It’s called the SC1. The Obelisk SC1 mines at a hashrate of 300 GH/s and runs on the Blake2b algorithm while consuming a maximum of 500W of electricity. One of the unique advantages of the SC1 ASIC miner is that you don’t need external cooling. Instead, the ASIC operates
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