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What is Siacoin?
Recent Siacoin Stories by Messari
❌ Sia cryptocurrency to block Bitmain and other big miners
The Sia ($SC) blockchain will soon block certain types of specialized mining hardware from the platform, allowing hardware manufactured by Nebulous ($NAS) subsidiary Obelisk to remain one of the only ways to collect the blockchain's lucrative cryptocurrency rewards. However, Sia will not keep ASICs off the network entirely; this hard fork is directed towards big miners like Innosilicon and Bitmain that have increasingly consolidated power.
🍴 Coders renew efforts to fork mining giant Bitmain off Siacoin blockchain
Obelisk, a startup that aims to offer alternative mining equipment for the Siacoin ($SC) protocol, has proposed code would give those running the software the option to exclude Bitmain's ASICs by changing the rules so the machines are no longer compatible. This will give the Sia community the ability to fork and could invalidate all non-Obelisk Siacoin ASIC miners on the forked chain. The news is notable as it showcases how cryptocurrency communities are responding to the expanding business interests of Bitmain, the China-based mining giant that is seeking to raise an initial public offering (IPO). Should Siacoin be successful it wouldn't be alone in its efforts to curtail Bitmain's expansion. One of the world's largest cryptocurrencies, the privacy-oriented Monero ($XMR), implemented code to remove Bitmain ASICs earlier this year.
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Siacoin & Related News
Siacoin Historical Price Lookup
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Siacoin Supply Snapshot
Y2050 supply (est.)
% Y2050 Issued
Longterm inflation amount
30000 SC per block
Ongoing emission type
Sia's longterm supply growth is defined by: "The number of siacoins created each block is (300,000 - height). The genesis block has a height of 0. After height 270,000, all blocks will have a reward of 30,000 siacoins."1 Sia's supply will grow perpetually, but at a perpetually decreasing annual inflation rate.
This is a number ranging from -1 to 1, which represents the degree to which movements in the two assets are historically correlated. Specifically, OCFX is calculating the Pearson Coefficient over the daily returns of the two assets. This is calculated over the time-range the chart is set to, and will be re-calculated if the chart's time-range is changed.
A negative number indicates that if asset A moves in one direction, asset B has historically most likely moved in the opposite direction. Similarly, positive values indicate prevelance of same-direction moves.
The Bletchley 10 is composed of 10 of the largest cryptoassets, weighted by marketcap. As such, it tends to track the 'large-caps'.
The Bletchley 20 is composed of 20 medium-capitalization cryptoassets.
The Bletchley 40 is composed of 40 small-capitalization cryptoassets.
Together, these indexes give good at-a-glance understanding of how large-caps are performing relative to medium/small-caps over the past 24 hours.
For further detail on Bletchley index construction, asset eligibility, rebalancing, and weightings, see the Bletchley Indexes methodology detail page.