What is the Sia coin? How to Buy and Mine Siacoin?

What is the Sia coin? How to Buy and Mine Siacoin? Sia is a platform that enables influence in a positive way to the other distributed networks with trust and security. It is a decentralized network of all the data centres. It does not allow the third party to interfere in any way as it cryptographically secures the platform of the users. The cloud storage platform. It also allows all users to make money by renting out their hard drives to store files. This platform secures data by using cryptography. In Sia, the token which is used is the SiaCoin. SiaCoin is used to get the contacts which helps in storing the files and is also used for payment procedure to the users for sharing the free disk space. It has proven to be an inexpensive and secure cloud storing platform.

WHY SHOULD YOU TRADE SIA?

When it comes to talking about Sia then SiaCoin has proven itself to be quite famous and stable at the same time. It has been in the top 10 countdowns recently. If you planning to rent your cloud storage on Sia you are definitely on the right track. SiaCoins are very easily available for trading Bitcoins. It is exchanged with Bittrex easily. There are some finest features one must surely go through to trust Sia in a better way.

• It has minimum possible alteration and there is no penalty for left blocks. Only 3% of PPS (Pay-Per-Share) is chargeable.
• We all heard about the Stratum protocol, right? Yes, Sia supports this protocol faithfully.
• If helps to provide the best network facility to the users also provides exact miner data.
• It provides long voting support to the users without interfering with protocols used by them.
• The best part is that the user can easily get access to their account only by providing the wallet address and the username.
• Detailed information about the workers is well provided.
• The payment procedure is very quick and no hidden charges are available. No individual has to wait for block confirmation.

HOW TO BUY SIA COIN

Siacoin is a Small crypto coin and therefore you cannot purchase it very easily from any exchanges. What is the Sia coin? you need to buy bitcoins and then it’s easy to buy/exchange SIA for your BTC. Below are some popular exchanges where you can get SIAcoin:

• Bittrex
• Poloniex
• HitBTC

THE MINING PROCEDURE OF SIA

The mining process of SiaCoin is quite easy and there is no need for any additional technical knowledge by the users. Let us go through the mining procedure and understand the decentralized cloud storage network.

The installation procedure of SiaCoin miner:

One needs to go to the GitHub page and add the SiaCoin. Then he needs to choose the OS from the given list on that page. Once done then a downloading procedure will start and once it is over a new folder opens. The user can easily create a folder naming it as “SiaCoin Miner”.

Start mining with SiaCoin:

Once the file gets created the user can easily open the file and click twice on the “Start.bat” file. Finally, you are through. As soon as he starts mining and visiting the pool websites he can get to see the mining procedure and the growth.

SiaCoin Mining Hardware:

Reaching out to hardware is quite tough when it comes to SiaCoin mining as huge investments go into this hardware by the user. GPUs are famously used for mining cryptocurrency as users are on the profit margin by earning 500 SiaCoin each day.

SiaCoin Mining Software:

There are many options when it comes to SiaCoin mining. Presently the most successful and famous SiaCoin miner that is present in the market is the MarlinMiner. It can be categorized as the best as it is very compatible with both CUDA and OpenGL.

• for Nvidia GPU, you need to install CUDA.
• for AMD GPU, you need to install OpenCL.

SiaCoin Mining Pool:

Once an individual is done with Hardware and software settings now they are set to deal with the mining pool. It is best to join a group of users who are doing mining together. This will help first-time users to be secure while mining SiaCoin. The users are rewarding as they have put in the resources. Have you heard of Nanopool and Siamining? These two are the best for use while mining with SiaCoin.

SiaCoin Wallet:

SiaCoin wallet is the final stage in this component where all the rewards are collected after mining. Few wallets support the SiaCoin and among the most important wallets, the Sia-UI wallet is quite famous. It can be also easily installing on the computer.