The Sia Network aims to create a decentralized storage network by using the idle storage space of people from around the world, uniting them into a worldwide market for data storage.
Sia leverages blockchain technology as a transaction layer for its network, allowing hosting to be purchased and sold in a secure and trustless way. Cryptographically secure smart contracts ensure the encryption and transfer of data, leaving no room for a third party to interfere in any way.
Sia uses a cryptocurrency called the Siacoin (SC). The initial block reward was 300,000 siacoins. Each block reward after that is one siacoin smaller than the previous block reward (299,999, then 299,998, and so on). When the block reward reaches 30,000 (at block 270,000), all following blocks will give a 30,000 siacoin reward for eternity. The block time is 10 minutes.
Today, we are going to show you how you can be a part of this decentralized cloud storage network through mining. The coins mined can then be used to purchase storage space in the network or be sold for other coins or fiat. In this guide we are going to use a nVidia graphic card and the ccminer software. Let’s get to it.
Part 1: Install a Siacoin miner
There are a few different Siacoin miners to choose from, but they all offer similar features and performance. This guide uses the ccminer because it is compatible with nvidia cards but if you want, check out other mining options here.
ccminer.exe -a sia -e –url=stratum+tcp://us-east.siamining.com:3333 -u YourSiacoinAddress.YourWorkerName -i 28
This is only an exemple, so we need to change our private information
First, your region:
Now, change ”YourSiacoinAddress” with your Siacoin address.
(In order to mine, you’ll need a Siacoin wallet to store the coins you earn. The fastest way to create a Siacoin wallet is to use Bittrex, a cryptocurrency exchange. Bittrex provides a web wallet, so you can create an account and generate a Siacoin wallet instantly)
Change “YourWorkerName” to the name you want to give to your worker.
(leave the dot between your address and your worker name)
Now is time to save that text file as a batch file, so click on “file” tab and choose “save as”, then choose the folder you created, for us is “siacoin miner”, named as “Start.bat” (“.bat” is the diminutive of batch file) and press “save” button
Part 2: You’re ready to start mining!
You will see all the statistics.
Now, you are able to mine SiaCoin! For more info, please visite the Sia website: https://sia.tech/
This website is only provided for your general information and is not intended to be relied upon by you in making any
investment decisions. You should always combine multiple sources of information and analysis before making an
investment and seek independent expert financial advice.
Where we list or describe different products and services, we try to give you the information you need to help you
compare them and choose the right product or service for you. We may also have tips and more information to help you
Some providers pay us for advertisements or promotions on our website or in emails we may send you.
Any commercial agreement we have in place with a provider does not affect how we describe them or their
products and services. Sponsored companies are clearly labelled.
The Astra Protocol team points out that high-profile money laundering cases across multiple financial platforms have led to regulators paying close attention to the nascent decentralized finance (DeFi) space.
The native token of popular cryptocurrency exchange aggregation platform TabTrader, TTT, has launched on cryptocurrency trading platform Gate.io as well as on decentralized platforms on the Solana blockchain.
DecimalChain has been in the cryptocurrency market for only one year, but over time it already developed and launched a number of innovative products that helped the project get to the level of major blockchain firms.
Medieval games are an exciting genre where the world of magic, folklore and history are interwoven together. This exciting prospect is taken to the next level by TaleCraft, a gaming metaverse that has successfully built a medieval game on the blockch…
Blockchain gaming metaverse Polker has announced the listing of its utility token PKR on crypto exchange platform Bittrex. This latest development one day after the successful launch of the Polker ‘Testnet’ Closed Beta Game.
Once you install Good Crypto on your iOS or Android device or open the Web App, it offers real-time market data and analytics, automated portfolio tracking, and advanced trading terminal supporting 30 leading crypto exchanges.