Believe in fairy tales about the connection between financial pyramids and cryptocurrency and expect Bitcoin to crash in the coming days? But the American corporation Bitmain earns millions from mining, investing funds in the latest developments and launching its own cryptocurrencies.
AntMiner A3 Siacoin: Mining Start of SIA
AntPool, one of the largest cryptocurrency mining pools, announced the start of mining the Siacoin (SIA) coin, which operates on the Blake2b consensus algorithm. The project was created by a Boston startup to support its decentralized cloud storage system.
The mining of the new cryptocurrency was launched on the same day as the ASIC miner AntMiner A3 Siacoin, which is designed for the required Blake 2b algorithm. Interestingly, the first batch of “ASICs” was sold out in 2 hours. However, digital currency market experts explained that the mining difficulty of the new coin at the initial stage is minimal, and mining SIA cryptocurrency with ASIC equipment promises owners higher income than users with classic graphics cards with less power.
The hash rate of 815GH/s in the AntMiner A3, consisting of three boards with 60 chips each, guarantees miners decent performance in cryptocurrency mining. With a power consumption of 1275 W, equipment efficiency is 1.56 MH/s. At the start of SIA mining, profitability was $500 per day. Considering the cost of the “ASIC” at $2375, the device will pay for itself in 6 days, including electricity costs.
Increasing difficulty in calculations and the rising price of Siacoin guarantee that by the beginning of spring, several dollar millionaires will appear worldwide, having managed to acquire AntMiner A3 equipment. In the foreseeable future, a release of an ASIC miner for the digital currency Decred (DCR) with the Blake 14r algorithm is planned. So, those wishing to earn from cryptocurrency mining should start lining up.
