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SiaCoin (SC) To Get a Dedicated Mining Hardware ASIC Device
20 Jun2017
The people behind the development of SiaCoin (SC) have tweeted an interesting, but very brief post about an upcoming release of a dedicated ASIC mining hardware intended for mining the SiaCoin tokens. The Obelisk SC1 is supposed to be the first ASIC built for Sia mining according to the official tweet from Sia Tech (@SiaTechHQ). There are no more details revealed at this point, though more information should be made available by the end of the week.
SiaCoin has been getting more attention lately and the price of the crypto tokens has been rising, though releasing a mining ASIC for a token that is intended to be used for renting and leasing file storage is an interesting decision. Having a dedicated NAS device tied to SiaCoin like the MineBox makes much more sense for a service like that. SC can currently be mined using GPUs and not only being earned by providing free space to users that need to host some data and getting paid in SiaCoin tokens in return.
We are going to see what SiaCoin will actually announce and what their upcoming Obelisk SC1 will offer, but the initial user feedback is not that positive as one would expect. Switching to ASIC mining can actually result in negative results with GPU miners moving away switching to other altcoins and not getting into ASIC mining SC. As far as we are aware there are no other altcoins based on the same algorithm and mining like SiaCoin so essentially an ASIC miner will be very limited in terms of usability and may actually reach its end of life cycle much faster than other ASIC miners that can be used for multiple crypto coins that use the same algorithm.
- Publihsed in: Mining Hardware
- Related tags: Obelisk SC1, SC, SC ASIC, SiaCoin, SiaCoin ASIC, SiaCoin ASIC miner
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3 Responses to SiaCoin (SC) To Get a Dedicated Mining Hardware ASIC Device
admin
June 22nd, 2017 at 22:18
More on why Sia has chosen to embrace ASICs instead of chase ASIC resistance: https://blog.sia.tech/choosing-asics-for-sia-b318505b5b51
admin
June 23rd, 2017 at 21:54
Obelisk’s Sia ASICs – Full Details: https://www.reddit.com/r/siacoin/comments/6j1gyg/obelisks_sia_asics_full_details/
“… we have set a conservative shipping date of June 2018. If the miners are ready sooner, they will be shipped sooner. If all goes well (and it rarely does, especially for first time manufacturers), we could see the miners shipping before March 2018.”
zeeshan nisar mehta
May 9th, 2018 at 11:00
its dosent suite sia to discomfort the sia community.well will invest also in obelisk too.but dont invalid our first invesment.