Siacoin Mining Calculator
A quick and accurate way to calculate your Siacoin mining earnings.
Only hashing speed of your hardware is required, all other factors are optional.
Siacoin Mining DataNet Hashes Per Second: 23177837437683868
Block Time: 555s
Block Reward: 30000 SC
*Mining stats updated every 60 minutes
Mining algorithm: Blake2b
BLAKE2b is a cryptographic hash function that stands out for its exceptional speed and robust security. Developed as an advanced version of the BLAKE algorithm, it’s optimized for 64-bit platforms, making it a top choice in high-performance cryptographic applications. This optimization gives BLAKE2b a distinct advantage in processing speed over traditional hash functions like MD5, SHA-1, SHA-2, and SHA-3.
In the cryptocurrency world, BLAKE2b is notably used in Siacoin mining. Siacoin represents the native cryptocurrency of a decentralized storage platform, aiming to provide a secure and affordable cloud storage solution. The use of BLAKE2b in Siacoin mining underscores the algorithm’s efficiency and compatibility with complex cryptographic processes.
The introduction of ASIC (Application-Specific Integrated Circuit) miners for BLAKE2b marked a significant shift in the landscape of cryptocurrency mining. These specialized devices, designed explicitly for BLAKE2b hashing, brought about a new era of efficiency and effectiveness in mining operations.
They offered substantially higher hashing speeds and energy efficiency compared to conventional GPU mining methods. As a result, ASIC mining for Siacoin and other BLAKE2b-based cryptocurrencies became more competitive and challenging, significantly impacting the profitability and dynamics of the mining process.
Overall, BLAKE2b’s combination of high speed, strong security, and ASIC miner compatibility has cemented its role as a pivotal algorithm in the field of cryptocurrency mining. Its impact on Siacoin mining, in particular, highlights the algorithm’s significance in the evolving digital currency landscape.
Below, you will find various hardware to mine cryptocurrencies secured with Blake2b.
|Current earnings(without electricity cost)
|Siacoin 46.89 USD/day
|Siacoin 33.1 USD/day
|Siacoin 18.76 USD/day
|Siacoin 2.48 USD/day