What is Siacoin Mining?
Users of the decentralized blockchain-based storage network Sia can rent out their extra storage capacity in return for Siacoins (SC), the native cryptocurrency. Mining is an essential function of the Sia network’s security and integrity. Running specialized mining software to mine Siacoins entails using your computer’s processing power to carry out calculations needed to keep the Sia network operational.
These computations guarantee the safety and reliability of the network as a whole by being required to build and validate new blocks on the blockchain. Due to the proof-of-work (PoW) consensus algorithm used by the Sia network, miners must compete with one another to solve mathematical puzzles.
One of the ways to encourage participation in the mining process is to reward the first miner to solve the problem with a certain quantity of Siacoins. Being a decentralized network, Sia seeks to disperse mining power among many users as opposed to consolidating it in the hands of a select few. In doing so, the network is protected from censorship and attacks by preventing any one party from exerting control over it.
Mining Siacoins enhances the safety and security of the Sia network as a whole in addition to its financial benefits.
Top 5 Siacoin Miners
Let’s get to know the top Siacoin mining machines as we discuss their essential features, such as their hash rates, power consumption, internet connection, noise level, and much more. The top list of miners for mining Siacoin contains Goldshell SC5 Pro, Goldshell SC Lite, Goldshell SC Box II, Goldshell HS Box II, and IBleink BM-S1 Max. Know in detail what their features are, so you can choose the one that suits you.
1. Goldshell SC5 Pro Siacoin Miner
Goldshell SC5 Pro is a formidable Siacoin miner that distinguishes it from the rest of the miners due to the outstanding features that it has to offer to the miners. It provides exceptional performance as it offers the hash rate of 11Th/s on consuming 2820 W of power. It is also equipped with the low-power mode, where the power consumption of 2020 W is as low as required to reduce the electricity consumption.
| Manufacturer | Goldshell |
| Model | SC5 Pro |
| Also Known as | Goldshell SC5 Pro SC Miner |
| Release | January 2024 |
| Power | 2820 W |
| Hashrate | 11 Th/s |
| Weight | 11500 g |
| Dimension | 264 x 200 x 290 mm |
| Noise Level | 80 dB |
| Fans Quantity | 2 |
| Temperature | 5 – 45 Degree Celsius |
| Humidity | 5 – 95% |
2. Goldshell SC Lite Siacoin Miner
Goldshell SC Lite Siacoin Miner is best for seasoned as well as newcomers as it is easy to operate. This miner was released in January 2024 and comes with a hash rate of 4.4Th/s on a power consumption of 950 W. It offers greater energy efficiency with 215.91 j/Th and has noise levels less than 55 dB, making it peaceful for the miners to run.
| Manufacturer | Goldshell |
| Model | SC Lite |
| Also Known as | Goldshell SC Lite SC Miner |
| Release | January 2024 |
| Power | 950 W |
| Hashrate | 4.4 Th/s |
| Weight | 9500 g |
| Dimension | 230 x 200 x 290 mm |
| Noise Level | 55 dB |
| Fans Quantity | 2 |
| Temperature | 5 – 35 Degree Celsius |
| Humidity | 5 – 65% |
3. Goldshell SC Box II Siacoin Miner
Goldshell SC Box II is employed with the Blake2bSia algorithm, and it is amongst the list of miners that bring greater returns and results. It is equipped with low-noise levels, and it features a hash rate of 1.9 Th/s on consuming 400 W of power. The miner was released in February 2023 and is a perfect choice for miners who are looking for energy efficiency for Siacoin mining.
| Manufacturer | Goldshell |
| Model | SC Box II |
| Also Known as | Goldshell SC Box II |
| Release | February 2023 |
| Power | 400 W |
| Hashrate | 1.9 Th/s |
| Weight | 2000 g |
| Dimension | 178 x 150 x 84 mm |
| Noise Level | 35 dB |
| Fans Quantity | 2 |
| Temperature | 5 – 35 Degree Celsius |
| Humidity | 5 – 65% |
4. Goldshell HS Box II Siacoin Handshake Miner
The Goldshell HS BOX II offers a hash rate of 460 Gh/s and a power consumption of 400 W. It also comes with a low power mode, which reduces the electricity expenses by lowering the amount of electricity used. The miner was released in January of this year and is amongst the most efficient miners.
| Manufacturer | Goldshell |
| Model | HS Box II |
| Also Known as | Goldshell HS Box II |
| Release | January 2024 |
| Power | 400 W |
| Hashrate | 460 Gh/s |
| Weight | 2000 g |
| Dimension | 178 x 150 x 84 mm |
| Noise Level | 35 dB |
| Fans Quantity | 2 |
| Temperature | 0 – 35 Degree Celsius |
| Humidity | 0 – 65% |
5. iBelink BM-S1 Max
iBelink BM-S1 Max is a powerful Siacoin miner that was released recently and has provided competitive results. The miner comes with a hash rate of 12Th/s on consuming 3150 Watts of power, which reflects on its greater efficiency rate, which is 262.50 j/Th. This miner is a perfect blend of profitability and energy efficiency, making it the best choice for Siacoin miners.
| Manufacturer | iBleink |
| Model | BM-S1 Max |
| Also Known as | iBelink BM-S1 Max |
| Release | May 2022 |
| Power | 3150 W |
| Hashrate | 12 Th/s |
| Weight | 9000 g |
| Dimension | 128 x 201 x 402 mm |
| Noise Level | 75 dB |
| Fans Quantity | 4 |
| Temperature | 5 – 40 Degree Celsius |
| Humidity | 5 – 95% |
Comparing the Top Siacoin Miners
This section contains a detailed comparison of the features of top Siacoin miners, covering their hash rate, power consumption, release date, and efficiency. A thorough comparison helps to evaluate the miners and gives information on how efficiently it is working to provide the best results.
Refer to the table given below and see how each mining is performing based on the efficiency rate it is providing to the miners, depending upon their hash rate and power consumption.
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