Author

Topic: SiaCoin Mining is Profitable Or Not? (Read 308 times)

newbie
Activity: 21
Merit: 0
July 12, 2018, 08:12:18 AM
#10
Quote
Quote
I started mining siacoin using cloud mining service Watum, they use miner Innosilicon S11 for mining Siacoin and it's smth about $25 for 25GH/s. If we are talking about profitable, I guess it's more profitable compared with home mining cause you get low cost for large-scale deployment advantage. In any case if you are using a cloud mining service, you can use mining profitability calculator, you need input your initial contract fee, any maintenance fees you have, along with your pool fees and you will see the results. It will show you your daily, weekly, monthly and yearly profits (based on the difficulty of the mining, the exchange rate of SC to USD,etc.)



What maintenance fees do charge this service wattum?

Electricity cost, cooling, maintenance work, hosting services, possible pool fees. So, there is only 2 cloud mining company I am willing to recommend Wattum.io and Genesis Mining, but Genesis don't offer yet miners for mining Sia now.
newbie
Activity: 5
Merit: 0
July 10, 2018, 09:33:46 AM
#7
All data processes on the Siacoin platform are encrypted with unique codes. As a result, these data cannot be accessed by random users without using the specific private keys. Also, Siacoin’s inherent systems like proof of storage and file contracts protect the clients from any unethical and malicious activity excogitated by fraudulent providers and btw Sia is growing now.
 I mine Sia using cloud service for mining. They have INNOSILICON s11, it's the most profitable miner for today for mining sia.
So it's profitable if you use not scam but serious legal cloud mining service as Wattum smart mining, Hashing24.

member
Activity: 145
Merit: 11
July 03, 2018, 11:07:45 AM
#6
SIA mining still largely profitable if you have cheap power or the newest ASICS.

I am running 40 A3's @950GH/s | 1220w and still pulling a nice profit.

Bullish on SC reaching 0.1$ as it gains more adoption and use.
full member
Activity: 364
Merit: 106
July 03, 2018, 10:56:14 AM
#5
After Batman released asics for the production of SIA all who use GPU can forget about this coin. My opinion. Of course you can wait for the pump but even this will not make the production of SIA GPU cost-effective. Now there is a large selection of other coins. Why would you play roulette?
sr. member
Activity: 756
Merit: 250
January 17, 2018, 05:35:16 PM
#4
sia will pump soon... thanks to new miner came out and sold out in 5 minutes!! Angry Angry
jr. member
Activity: 107
Merit: 1
Miningstore.com - Mining Rigs and Rig Hosting
January 17, 2018, 05:29:22 PM
#3
Hey robertefron19,
SIA definitely has a very promising technology and an increasingly optimistic community. I always advise that miners/investors partake in projects that they truly believe in. For the case of SIA, I find the technology very promising and rewarding. One option you might consider is dual mining Eth + Siacoin. This could be a great way to hedge your bets while deciding if Siacoin makes sense for your mining rig. After some testing, you could decide what to do full-time going forward. Dual mining is very simple to set up using EthOS. This guide is very helpful: https://medium.com/@stipe.kolovrat/dual-mining-ethereum-sia-with-nvidia-gpus-on-ethos-f7f7c8b14ff7

Hope that helps!
sr. member
Activity: 462
Merit: 258
Small Time Miner, Rig Builder, Crypto Trader
January 17, 2018, 05:13:24 AM
#2
not here soon with bitmain that just released a new antminer that can mine sia coin
newbie
Activity: 33
Merit: 0
January 17, 2018, 03:49:00 AM
#1
Can we mine SiaCoin is Profitable Or Not? Please suggest your thought
Jump to: