Dear Poolin users,
SC officially launched in Poolin today. Now Poolin.com supports mining a variety of coins including BTC, BCH, LTC, DASH, ETH, XMR, ZEC, XMC, ETN, DCR and SC. More coins will be coming soon.
SC, also named Siacoin, is used to pay for the storage on Sia, which can be obtained by mining. Sia is a decentralized cloud storage platform that intends to compete with existing storage solutions, at both the P2P and enterprise level.
SC is based on Blake(2b) algorithm, and the total supply is unlimited. According to the white paper of Siacoin, the first block has 300,000 coins minted. This number will decrease by 1 coin per block, until a minimum of 30,000 coins per block is reached. At present（UTC time11:00, 9th August 2018, block height 167,031） the block reward is 132,970 SC.
Now miners mainly use Blake(2b)-based ASIC miners to mine SC. According to the current difficulty, theoretical mining earnings per day are as follow:
Thank you for supporting us! Poolin will continue to provide better service for all the Poolin users.