You can buy Siacoins easily with a debit card or, when using some fiat currencies, a bank account. This service is provided by Transak, a fiat-cryptocurrenty gateway service for cryptocurrency-related applications. Transak has partnered with Sia's developers to offer this service to community sites such as SiaSetup. We don't take any percentage from your transaction - all fees are from Transak.

Enter a receiving address from your Siacoin wallet and your email address below, and click Buy Siacoins to start the process. You'll have the chance to specify how many Siacoins you'd like to buy and see the current transaction fees in the next steps. You may also be required to submit KYC documentation. If you'd like, you can also click the button to use SiaSetup's wallet address if you'd like to donate to SiaSetup.

Your transaction is facilitated by Transak. SiaSetup does not sell Siacoins, and is unable to assist with transaction issues when using Transak. Please contact Transak at support@transak.com if you encounter any problems. SiaSetup has no access to your transaction data and is unable to help with troubleshooting transaction issues.

If you're looking for the cheapest option to acquire Siacoins and don't mind a few steps to do so, buying Bitcoins on Coinbase and then converting them to Siacoins is usually the best option. This section will walk you through buying Bitcoin on Coinbase with a debit card or bank account, and then once you've got your Bitcoins you can choose a conversion method and get them switched to Siacoins. Coinbase will be step one of a two-step process.

We'll walk you through signing up for Coinbase and buying Bitcoins below. The signup process is straightforward, but we'll cover it step-by-step anyway. You'll likely be required to provide KYC information during the signup process.

Coinbase is the primary place online to purchase Bitcoin with USD and other fiat currency. You'll need to sign up for an account before you can use Coinbase. Click here for the sign-up page.

Fill in the fields with your information, and click Create account to continue.

Next, you'll be asked to verify your email address. You should receive a confirmation email at the email address you just entered. Click the link in the confirmation email to verify your email address.

Then, you'll be asked to enter and verify a phone number. This number should be able to receive text messages so that you can verify it with a code texted to you. Enter a phone number, click Send Code, and enter the verification code when you receive it.

Finally, after jumping through all of those signup hoops, you should be ready to add a payment method.

Now that we've got a Coinbase account, we need to add a payment method. As mentioned previously, we can buy Bitcoin with debit cards and bank accounts or wire transfers. Debit card purchases give us Bitcoin instantly; other methods take a few days because we don't get our Bitcoins until Coinbase receives the funds from our bank.

You should be prompted to add a payment method - if not, click on the profile icon in the upper right corner of the Coinbase website, and then Settings > Payment methods > Link a New Account to add one.

Follow the instructions to add your payment method.

You can add a bank account by entering the name of your bank and signing in with your online banking credentials for your bank, or by providing your routing and account numbers. Signing in usually results in instant account verification; manual entry of your account requires you to wait for two small verification transactions to show up in your bank statement, and then you'll return to Coinbase and enter the amounts.

Adding a bank account will allow you to make bigger transactions with a lower fee, but bank transfers usually take a few days to complete so you may not get access to your Bitcoin until then.

Adding a debit card is straightforward - simply enter your card information and you'll be all set to go. Debit card transactions are processed instantly and you'll receive your Bitcoin right away, but the limits on how much Bitcoin you can buy are lower than bank account limits, and fees are higher for debit card transactions as well.

You may be asked to complete ID verification:

Coinbase is based in the United States, so like other financial institutions, Coinbase is required to follow certain financial laws and regulations. If you buy or sell over a certain amount of USD, Coinbase will ask you to upload your ID to verify your identity. Coinbase may also ask you to do this for other reasons, such as fraud prevention. Simply follow the steps to do so.

After you've finished adding a payment method, we're all set to buy some Bitcoin!

The hard work is done! Now we can actually buy some Bitcoin and get the process started. Click on the Trade button in the top right of the page, and you'll see a dialog box like the one on the left:

Make sure Bitcoin is selected to buy, as well as your preferred payment method. Enter how much Bitcoin you want to purchase in USD (or your local currency) - don't worry, you don't have to buy a whole Bitcoin! You can buy almost any dollar amount - note that Coinbase charges a small fee depending on your payment method, so if you want (for example) $100 USD worth of Bitcoin, you should enter something like $105 for the amount to purchase. Click Preview Buy when you're ready to see the purchase breakdown.

Coinbase will advise you of any fees, and show you the final total as seen on the right side of the image above. When you're ready to buy, click Buy now.

Hooray! Now we've got some Bitcoin! Well, maybe... if you purchased with a bank account, you may have to wait a few days to receive your Bitcoin. If you used a debit card, you'll have your Bitcoin right away. Once you actually have your Bitcoin, you can continue to the next step. If you need to wait for your Bitcoin, bookmark this page so you can pick up where you left off.

If you got your Bitcoin instantly, keep Coinbase open somewhere because we'll need it in the next few steps.

Now it's time to convert our Bitcoins to Siacoins. There are two ways to do this - both require signup and likely require KYC:

Select one of the options above for instructions on how to use it to convert your Bitcoins to Siacoins. While Coinbase has a conversion feature, as of August 2020 it does not support Siacoins, so it is not useful for the purposes of this guide.

Shapeshift is probably the easiest way to convert one type of cryptocurrency to another. You simply select two cryptocurrencies to swap, provide a wallet address for the new cryptocurrency, and send the original cryptocurrency you want to convert. However, sometimes Shapeshift is "out of stock" of a certain type of coin, like Siacoins. When this happens, you may not be able to use Shapeshift to get Siacoins.

You may want to quickly click here to visit Shapeshift.io before bothering to go through Step 1 and create an account, and make sure you can select Bitcoin under Deposit and Siacoin under Receive. If Siacoin shows as unavailable, you won't be able to use Shapeshift to get Siacoins right now, and can try Converting to Siacoins on Bittrex instead if you want to get Siacoins right now.

Below are instructions on how to use Shapeshift to convert Bitcoin or another cryptocurrency to Siacoins. Examples will be given using Coinbase as the source of your Bitcoins in case you just bought Bitcoin using the "Buy BTC on Coinbase" guide as step 1. If you're using another cryptocurrency, substitute the Coinbase instructions with your particular wallet and any relevant details like addresses and sending coins from your wallet.

At one time, you could use Shapeshift without an account, and you could simply swap coins by sending them to an address and getting them back at another. Unfortunately, with KYC regulations, this is no longer the case, and you must register for an account and provide identity details similar to Coinbase. We just did that once, though, so what's the big deal in doing it again, right?

Click here to go to Shapeshift's signup page, where you'll see a form to start setting up your account.

You'l receive an email so that you can verify your email address - find it and click Confirm Email.

After you create your account, Shapeshift may take you to a page about email verification - there's a link at the bottom to recheck your email verification status on that page which you can click after clicking the button in the confirmation email, or you can just click the link in the email and then log in again if needed. Either way, you'll end up in the account verification process, shown below.

Provide the requested information and click Next until the process is complete. Once you're done, Shapeshift will say your information has been received, and you'll be ready to convert your Bitcoin to Siacoins.

Now that you're all signed up, you can click the ShapeShift.io link at the top of the page to visit Shapeshift's conversion website. You'll see a box with two cryptocurrencies.

Select Bitcoin under Deposit, and Siacoin under Receive. If you're starting with another cryptocurrency other than Bitcoin, select it under the Deposit section instead - if you followed the Coinbase steps above, we bought Bitcoin so that's what we should select. Make sure you click and select something for both Deposit and Receive, as the coins rotate automatically otherwise. The "Quick/Precise" setting can be left as-is. Click Continue to start the process.

Next, you'll be asked to provide a few addresses. Shapeshift needs to know where to send your Siacoins, and they also need to know where to return your Bitcoin (or other cryptocurrency) if your trade can't be completed for some reason.

Use your Siacoin wallet to get a receiving address for Shapeshift. In the Sia-UI, click on the Wallet tab, then the Receive tab along the top of the transaction list. Click on Generate New Address, and a new address will appear just below. Click the Copy button (the one furthest to the right) next to the address, and it will be copied to your clipboard. You can then paste it in as the Siacoin Address on Shapeshift.

If you used Coinbase above to buy Bitcoin, log into Coinbase and click on Portfolio at the top. Under "Your Assets", find Bitcoin and click on it. On the right side, click the Receive tab, and click the big blue button that says I understand. Use the address shown as your refund address in Shapeshift - you can click the icon to the right of the address to copy it, and paste it as the Bitcoin Refund address in Shapeshift. Setting this address ensures that if there's a problem with the conversion, you get your Bitcoins sent back to you on Coinbase.

If you used Coinbase, keep your Bitcoin portfolio/wallet page open - you'll need it in a minute to send your Bitcoin to Shapeshift. If you're using your own Bitcoin wallet or another cryptocurrency, use your wallet to generate a receiving address, and use that as the refund address in Shapeshift.

On Shapeshift, notice the "Deposit Min" and "Deposit Max" in the top section - the amount of Bitcoin we send has to be within these amounts. Unless you're trying to trade a huge amount of Bitcoin for Siacoins, this shouldn't be an issue, but just take note of the values and double-check. In our Coinbase example above, we bought about 0.01 BTC, so we'd be fine to exchange that entire amount for Siacoins based on our Shapeshift examples here.

The conversion rate of Bitcoin (or another cryptocurrency) to Siacoin is determined by Shapeshift, but in our experience the rate is usually very close to market averages and is pretty reasonable. Shapeshift also requires a small fee in order to facilitate this transaction, usually around 5-10 SC, which is a whole $0.01-$0.02 or so (as of this writing in August 2020) and not really significant.

Once you've got your addresses entered, check the box to agree to the terms. You can also select the slider to enable a reusable address, which will give you more time to complete your transaction and skip Steps 2 and 3 in this guide in the future. The upside to doing so is that it makes it easy to convert Bitcoin to Siacoins in the future (just repeat Step 4 below) and you have more time to complete your transaction, but the downside is that the conversion rate fluctuates every minute or so. If you don't turn on the resuable address option, you'll only have about two minutes to complete your transaction and send your Bitcoins, otherwise you'll have to start the process for Step 2 and 3 over on Shapeshift - though you can use the same addresses you just created.

Once you're all set, click Start Transaction. If you didn't enable reusable address, you may want to read through Step 4 before clicking Start Transaction so that you're prepared to send your Bitcoins ASAP before the Shapeshift order expires.

Now it's time to send our Bitcoins and get our Siacoins! You'll see an order screen like this one:

You'll need to send your Bitcoins (or other cryptocurrency) to the address shown under Send to this address. If you used Coinbase to buy Bitcoin, we just opened your Bitcoin portfolio there a second ago - if you closed it, click on Portfolio at the top of Coinbase, then under "Your Assets", find Bitcoin and click on it. Instead of the Receive tab, now we'll be using the Send tab on the right side to send our Bitcoins. Enter the amount you want to send to Shapeshift, or click Send All to send everything, and paste the "Send to" address from Shapeshift into the "To" field. Double-check the address even if you copy and paste it! Once everything looks good to you, click Send, and confirm the transaction if asked.

If you used another cryptocurrency, use your wallet to send your coins to the address Shapeshift gave you. Like before, make sure you copy the address correctly! If you send Bitcoins or another cryptocurrency to the wrong address, they're probably gone and you're probably not getting them back.

Once your Bitcoin or other cryptocurrency is sent, watch your Shapeshift order page - your order should normally be filled within 10-20 minutes. Eventually you'll see your Siacoins show up in your Sia-UI, in the Wallet tab! Remember that blockchain transactions take about 10 minutes to confirm, so the total process may take between half an hour to an hour to complete. If there's a problem and your trade can't be completed, your Bitcoins (or other cryptocurrency) should be returned to your return address on Coinbase and you can try again later.

Congratulations! Now you've got some Siacoins! You can now start Renting on Sia, Hosting on Sia, Using Sia Skynet, or you can just admire them for a while! If you found this guide helpful and you're feeling generous, you can also support SiaSetup by throwing us a little Bitcoin or Siacoin.

You can use a cryptocurrency exchange such as Bittrex to convert your Bitcoin or other cryptocurrency into Siacoins (or trade between many other cryptocurrencies). Using Bittrex may make more sense if you plan to become more involved in cryptocurrency, and want the ability to convert between many different coins and set buy and sell orders similar to traditional stocks. While we won't cover every intricacy of Bittrex, we'll at least show you how to get your Bitcoins from Coinbase to Bittrex and buy Siacoins at the current market price. We'll use Coinbase as an example for moving Bitcoins to Bittrex in case you bought Bitcoin through Coinbase earlier in our tutorial, but if you're using another wallet or cryptocurrency, you can substitute your wallet and the appropriate steps for moving your crypto to Bittrex.

If you want to try converting Bitcoins to Siacoins using a somewhat simpler conversion service instead, see Converting to Siacoins on Shapeshift.

Account creation is essentially the same for every crypto-related finance website which gathers KYC data. We won't walk you through Bittrex in detail, as the process is self-explanatory if you can follow directions. See the tabs for using Coinbase and Shapeshift if you want to know what to expect.

Click here to go to Bittrex's signup page, where you'll see a form to start setting up your account.

Follow the directions and provide the required information in order to complete your account setup, verify your email, and provide your KYC identity verification. You can skip any steps related to funding your account for now - once your account is registered and verified, continue below.

Click on the Holdings link at the top right of the Bittrex website. You'll see a list of cryptocurrencies - Bitcoin (BTC) should be near the top of the list. You can also search for BTC in the Search box to narrow it down quicker. Make sure you're looking at Bitcoin, and not Bitcoin Cash or something else with Bitcoin in the name. You can also search for another cryptocurrency if you have something else and want to transfer it in.

Click on the Deposit link on the right side of the Bitcoin row, and you'll see a dialog box with a Bitcoin address.

You'll need to send your Bitcoins to the address shown here. If you used Coinbase to buy Bitcoin, log into Coinbase, click on Portfolio at the top of Coinbase, then under "Your Assets", find Bitcoin and click on it. Under the Send tab on the right side, we can send our Bitcoins. Enter the amount you want to send to Bittrex, or click Send All to send everything, and paste the Deposit address you just got from Bittrex into the "To" field. Double-check the address even if you copy and paste it! Once everything looks good to you, click Send, and confirm the transaction if asked.

If you used another cryptocurrency, use your wallet to send your coins to the address Bittrex gave you. Also make sure you selected your correct cryptocurrency in the Bittrex Holdings list - you shouldn't be able to anyway, but don't send anything like Ethereum to a Bitcoin address. Like before, make sure you copy addresses correctly! If you send Bitcoins or another cryptocurrency to the wrong address, they're probably gone and you're probably not getting them back.

Your deposit may take a while to show up in your Holdings on Bittrex. You can click the Deposits tab at the top of the Holdings page to view your pending deposits - your Bitcoin transfer will eventually show up here. Deposits on exchanges typically require several confirmations before they are released for you to use, so it may take an hour or so before you reach the required amount of confirmations and can actually do anything with your Bitcoin on Bittrex. Once your Bitcoin transfer is complete, it will show in your Available Balance on the Balances tab of the Holdings page.

Now we can go to the BTC-SC market and sell our Siacoins. We can get to this market by searching for SC in our Holdings / Balances, and clicking on the blue SC symbol to show the available Siacoin markets. If SC doesn't show up when you search for it, make sure the "Show zero balances" slider is enabled. We want to select BTC-SC, as we want to trade Bitcoin for Siacoin. Alternately, you can click here to go to the BTC-SC market on Bittrex.

And holy crap, we're presented with what looks like a ton of intimidating information:

As was mentioned at the beginning of this section, we're not going to teach you everything there is to know about Bittrex. We'll cover some basics though - there's just a lot of information being presented, but there's not much for us to do here. If you don't care about the details, you can skip to the "Setting a Buy Order" section below.

The current price of Siacoins (SC) as measured in Bitcoin (BTC) is shown at the top of the screen as the "Last price", as well as in the green box attached to the right side of the horizontal dotted line in the chart. Each bar (also called a candlestick) on the chart currently shows us 1 hour of SC price activity. Therefore, the numbers along the bottom of the graph are days, and each day has 24 bars. We can change the scale of this graph by clicking the "1h" in the upper left corner of the graph area and selecting another unit for our candlesticks. In our example, the SC price is hardly moving and is staying between 23 and 28 Satoshis (the smallest unit of Bitcoin measurement) over the course of a week, as we can see by the scale on the right. If the price were more volatile, it might help us to change our scale to 15 minutes or so in order to see real-time changes in better detail, but we don't need to do this if we just want to buy some Siacoins at the current market rate.

All of the red and green numbers and bars at the bottom of the window are the order books. These are orders people current have set to buy and sell Siacoin. The people who want to buy are on the left in green, and the people who want to sell are on the right in red. Wherever these buy and sell prices meet, we end up with the current price. We can also see the recent trades, the price, and how many Siacoins were bought or sold in the lower right panel.

There's a ton more we could look at here, but all we care about is getting some Siacoins at the current price. That means the only thing on this page we really need to care about is the Buy box on the right.

To buy Siacoin at the current price, all we need to do is click Ask above the "Price" box, which will set our price to the lowest current price someone is selling at. Then, we either specify a quantity of SC we want to buy, or how much total BTC we want to spend on SC. Setting one will automatically calculate the other based on our set price. To make this easy, if we want to spend all of our available BTC to buy SC, we can just click the 100% box above the "Total plus fee" box and this will buy us as many SC as we can get for the current price with the BTC we have. So two clicks, and that's all we really need to set!

Click Place buy order, and we'll see a confirmation of our order. Note that in the screenshots above, we adjusted our quantity and final price lower so that our order wouldn't actually fill, and if it did, it wouldn't be for very many Siacoins. Your prices and quantities in the confirmation box will be the same as what you set using the Ask and 100% button, or manually. Your order will likely execute immediately unless SC prices are very volatile and the price is jumping a lot. You'll see a notification when your order fills. In the meantime, you can monitor your order at the bottom of the screen by clicking Open orders and Closed orders. Once your order is filled, it will show under "Closed orders" and you'll be ready to transfer your Siacoin to your Sia wallet using the next step.

If your order stays open for more than a few minutes, expand the section below for help.

Your order might get stuck if you didn't set a buy price high enough, or if Siacoin price is volatile and on the move, or if there's a big spread between the buying and selling prices. Click on "Order books" and your buy price should be highlighted in the list somewhere:

In the example above, we set our buy price low for demonstration purposes so that our order wouldn't actually go through. The current sell price was 25 Satoshis, but we set 16 Satoshis knowing it wouldn't sell. Therefore, our order got added to the order books under the 16 Satoshi level as shown above. This means that all the orders above ours, totaling 28 Bitcoins worth of orders (the "Agg. total" column), would have to sell before ours ever did. The price would also have to drop, and sellers would have to lower their prices for this to happen.

If you get stuck anywhere in the order book and you just want to buy Siacoins now at the current price, click on Open Orders and you should see your order:

Click on the Cancel button on the right side of the order row, and your order will be cancelled. You can then place another order with a higher price - follow the steps in the guide above to try again, and make sure you click the Ask button above the Price box before submitting your order.

Now that our order has filled and we've got some Siacoins, we can move them to our Sia wallet.

Click on Holdings at the top of the page to get back to our holdings. Find SC in the list, or search for it, and click on the Withdraw link to the right. We'll see a dialog to withdraw our Siacoins:

You'll need to get a receiving address from your Sia wallet, so open up your Sia-UI, click on the Wallet tab, then click the Receive tab along the top of the transaction list.

Click on Generate New Address, and a new address will appear just below. Click the Copy button (the one furthest to the right) next to the address, and it will be copied to your clipboard. You can then paste it in as the "Recipient's wallet address" on Bittrex.

Enter your withdrawal amount, which can be your entire available Siacoin balance on Bittrex, and Bittrex will show you the transaction fee related to sending your Siacoins to your wallet (usually insignificant, like 0.1 SC). When everything looks good, click Withdraw SC and your Siacoin will be on the way to your wallet! Remember that blockchain transactions take about 10 minutes to confirm, so it may take a few minutes to see your coins appear in your Sia wallet.

The cryptocurrency market has had a volatile week. While most of the currencies observed downward correction, the Bitcoin prices have been solidifying at the time of writing, putting downward pressure on many altcoins. The top altcoins in the market were moving lower down the price scale, whereas mid-cap and low-cap assets like Siacoin were trying to move upwards on the charts.

There are many open-source blockchain networks in the cryptocurrency market; one of them is Siacoin (SC) which operates on its own blockchain. SC mined through the mining process. It’s Proof of Work-based platform that provides low-cost solutions for offering encryption, cloud storage, and distribution of files to be stored by users across a decentralized network. Siacoin (SC) recently announced a hackathon from September 15, 2020, through September 30, 2020. 

Siacoin has been trading sideways from the beginning of the week. Notwithstanding today’s moderate hike, the currency might correct down soon as per the current momentum marked on the charts. In the first quarter of 2020, Siacoin (SC) saw a 0.10% decline in price. While the second quarter of 2020, bring a ray of hope for SC as the price started gaining strong momentum on the charts. Siacoin (SC) observed +118.6% gains in the price. However, the third quarter till now hasn’t recorded any major success, it has recorded over 18% surge on the charts.

Siacoin’s performance since the start of the month reflected a downward correction. The Siacoin price was found at $0.0047 on the 01st of September. The first week of September saw the coin was trading in the correction range following falling prices of top cryptocurrencies. However, with the start of the second week, the asset began trading with slight bullish momentum for the next two-three days after that, the coming days caused a considerable sideways momentum in the price. The change started promptly after the climb. The third week of September brought moderate loss for Siacoin. 

Siacoin (SC) is building momentum and in coming months we could expect to move from this symmetrical triangle. So far it held well and didn’t break the lower support trendline. The 20-day ema and 50 are moving very close, but no confirmation yet. In the coming days SC could test trendline around 30 sat and move up from there in coming weeks.

The MACD histogram is not crossing yet but shows signs that it could confirm new uptrend on daily timeframe.

Looking into the daily chart, If SC moves towards 42 satoshi and holds this level then the next target is 68 satoshi. The expected time for a breakout would be October-November. It seems to be a good area to accumulate for now and around 30.

Sia is one of a kind decentralized cloud storage platform that aims to compete with the existing storage methods. It intends to provide solutions at both P2P and enterprise levels. The main difference between existing storage and Sia is that the renting of cloud storage is from a centralized provider, while it is between peers on the Sia platform. This peer-to-peer renting of storage is possible through blockchain technology. Also, as it is decentralized, the transaction time is negligible and is extremely safe as well. A Sia user can rent out space for storing data, for which he will receive a reward.

The platform and cryptocurrency development of Sia is going great for a while. This cryptocurrency got its recognition in 2015, which began the overall growth of Sia. This unique technology and concept have got the eyes of both users and investors.

Sia is more gravitated towards ordinary users because the entry threshold is minimal. Rewards on the network can be received by anyone who provides space for storing data.

Siacoin, launched in 2013, has a market capitalization of $14,81,00,162. It is ranked 56th on the CoinMarketCap web portal. It presently has a 24-hour trading volume of $66,54,549. Its circulating/total supply stands at 41,81,70,47,634 SC. The mentioned supply is a critical factor to calculate the market capitalization of the coin. To an extent, the supply can be used to forecast the Siacoin price. If the supply increases drastically, and the demand remains the same, then it will lead to depreciation in the value of Siacoin. The flip side holds true, as well.

Siacoin price today, as on June 22, is $0.003542, which is down 0.59% from the previous trading day. Siacoin price made an ATH (all-time high) $0.111708 on January 6th, 2018. And on December 1st, 2015 it made an ATL (all-time low) to $0.000011. Below are the high and low values for different time periods:

The Siacoin price has had high volatility in some phases of its journey, which can be seen from the below chart of Siacoin against the US dollar. Until 2017, the prices were hovering between $0.00004123 and $0.001055. From January 2017, the prices rallied all the way to $0.02331. This price failed to sustain and dropped 85% from that level. However, from $0.0033, the market bounced back; in fact, it rallied 3000% and made an all-time high. But yet again, the prices did not hold to the highs and fell 98% in value. Thereafter, the Siacoin price never touched the ATH but did make an all-time-low in 2020.

The most recent record the market made was that it set an ATL in the first quarter of 2020. From then the Siacoin price is trending north and is up 445% from the lows. The red line represents the technical resistance, where the prices drop when it reaches that area. Siacoin price right now is reacting off from the same area.

Siacoin can not just be bought or sold against the US dollar, but with other fiat currencies and cryptocurrencies as well. The market price of Siacoin against the US dollar represents the value of Siacoin in terms of USD. In a similar fashion, here are the prices of Siacoin against other major currencies and cryptocurrencies.

Siacoin price today against pound sterling is 0.0028 GBP. This price determines the value of 1 Siacoin in terms of Britain's pound. If you wish to calculate the price of Siacoin against the pound for other values, click on the following link – Siacoin price converter to GBP

One Siacoin is equivalent to 0.0031 euros. Thus, it would be quoted as – Siacoin/EUR = 0.0031. Here, Siacoin is the base currency, and EUR is the quote currency. Below is a link to the calculator that can be used to convert Siacoin to EUR.

The current Siacoin price in JPY is 0.3780. In essence, it means that to purchase one Siacoin, one must pay a price of 0.3780 Japanese yen. Similarly, the trader must produce 0.756 yens to buy two Siacoins. Here is a calculator that lets you calculate the price of Siacoin in terms of JPY – Siacoin JPY Converter.

Siacoins can be bought and sold against cryptocurrencies as well. They are not confined only to fiat currencies. One can buy, sell, and trade Siacoin against coins like Bitcoin, Ethereum, and Tether. In all cases, Siacoin is the base currency, and the other is the base currency.

The price of Siacoin, when traded against BTC, is 0.00000038. Thus, each Siacoin is worth 0.00000038 BTC. You may use the Siacoin to BTC Converter to calculate the price of Siacoin to Bitcoin for different values.

The use cases of Siacoin is firm and unique. This makes it stand out in the crypto space. As years are passing by, Siacoin is gaining popularity among the public. Here is what the experts have to say about Siacoin's price for the year 2020.

Trading Beasts, a crypto price predicting website, has predicted that Siacoin price will reach up to $0.02 by the end of 2020. They are extremely bullish on Siacoin price.

Crypto Ground’s Siacoin forecast for the year 2020 is more on the conservative side. They say that Siacoin’s future is great, but there is a probability that it will rally significantly. Their Siacoin price forecast is $0.0027 for the year 2020, and a five-year prediction is $0.0476.

The Wallet Investor website predicts that Siacoin price might reach $0.000046 by the end of the year 2020. They believe 2020 is not the year where Siacoin price will skyrocket.

Due to technological and regulatory issues, there are quite a few challenges and difficulties involved in the prediction of Siacoin price. However, there are a number of positives in Siacoin. Siacoin and its team are planning on reaching out to more projects like Blockstack and RNDR to solve the scalability issues. Siacoin has also been working to tie-up with organizations like Netflix in the coming months. By the end of 2020 or the beginning of 2021, Siacoin's price could reach around $0.031.

2021 is the year when Siacoin is expected to have more and more collaborations and tie-ups. According to the roadmap of Sia, it aims to compete with Amazon S3, an internet giant. This could be achievable because the current storage capacity has significantly increased than it was in the beginning. As a result, the usage rate will also increase drastically. Siacoin will have the upper hand compared to other cryptocurrencies as it offers unique functionality. With these points into consideration, our Siacoin price forecast for the year 2021 is $0.046. We are very optimistic about the Siacoin price future in the upcoming years.

Cloud storage is already growing in popularity, but only in centralized firms. In the future, this storage method expands, people will realize the benefits of decentralized firms. However, gaining popularity in public will take some time. Thus, our Siacoin price prediction for the year 2025 is $1.

Siacoin is a unique technology that is currently in need. It provides features that can help the general public and not only cryptocurrency enthusiasts. Thus, the reach of Sia can be huge in the coming years. It has been working hard on approaching the network speed of Amazon S3, which would increase the speed by 300%. Sia also has plans to collaborate with biggies like Amazon, Netflix, and Dropbox, which would certainly enable Siacoin to grow much faster than its peers. Therefore, with anticipation in demand coming in, Siacoin can prove to become a cryptocurrency winner.

Siacoin, a decentralized storage platform, has been in the news for quite a while, as it offers exclusive benefits to users. Unlike a centralized system, Sia is decentralized, where peers on the network and rent storage from each other. Presently, Siacoin is in the phase, which can take a huge jump in the future due to its increase in demand. Siacoin is one of the rare coins that benefit crypto speculators and enthusiasts as well as technology users. Thus, we believe that Sia can take the cloud storage community to new heights in the coming future.

Siacoin price today, as on writing, is $0.003542. Since a week, Siacoin's price has been dropping from levels of $0.004022 because it is reacting from the resistance. However, considering the data over a month, Siacoin is in an uptrend.

The current market capitalization of Siacoin is $14,81,00,162. With this value, it stands in the 56th position on CoinMarketCap. Over the years, Siacoin has made it to the top 5% of cryptocurrencies in market cap, which is an indirect reflection on the demand for the coin. Having this said, it is far behind Bitcoin, whose current market cap is $1,76,63,93,85,270.

When a platform offers something unique to users, which is helpful, the demand will either stay intact or rise gradually or rapidly. Cloud storage is new in the market but is currently dominated by centralized platforms only. In the coming years, as people become more aware of the decentralized platforms, Siacoin can make an unbelievable future ahead.

In the short term, as well as in the long term, our firm and experts both are bullish on Siacoin. In anticipation of the partnerships that are due, our price target on Siacoin is at least around $0.03 form the current levels. And the time frame for the same would be not more than a year.

When Siacoin was launched, it was not really available on trading platforms to buy or sell. But, as it started to gain popularity, Siacoin got listed on several firms. This increased the market cap of Siacoin as well. Some of the exchanges where one can buy, sell, and exchange Siacoin is Binance, Bittrex, HitBTC, and Poloniex.

Market Cap:24h Vol:Cryptocurrencies: 2331Markets: 18851ENGESTRUSTURDEUCHIKOR USD USDCurrencies Exchanges BlogBlockfolio Watchlist Currency Converter Website Widgets Buy / Sell Instantly Mining Equipment Bitcoin Blockexplorer Coins Live Watch Top Gainers Top Losers High / Low Exchanges Blog Initial Coin Offerings Events Wallets Mining Pools Currency Converter Website Widgets Buy / Sell Instantly Blockfolio Watchlist Bitcoin Blockexplorer Mining Equipment Advertise Contact Us Login Register Market Cap24h Vol2331Cryptocurrencies18851MarketsCryptoNewsZ2019-06-07 11:53:05 Siacoin (SC) current trend on the chart is indicating a movement towards the improvement. In the coming days, the price of Siacoin might go up in the market. Today the coin opened around $0.0030. Siacoin (SC) soon started climbing up the chart. However, around 03:30 UTC, the coin reflected a drop but is expected to The post Siacoin Price Analysis: Siacoin On The Track To Catch The Bull appeared first on CryptoNewsZ.Most Read 6-082019-06-08Related News08 Jun 201908 Jun 201908 Jun 201908 Jun 201908 Jun 201908 Jun 2019Please enable JavaScript to view the comments powered by Disqus.Get Crypto NewsletterMarket Cap24h Vol55.44%Bitcoin Share68Today News

We will be analyzing the historical price trends of SIA and several market predictions in order to come up with a Siacoin price prediction for March 2020.

Siacoin is a blockchain-based cloud storage system, launched in June 2015. SIA/SC is the crypto of the platform, which facilitates transactions, hosting, and renting data storage and file encryption.

Today, Siacoin (SC) is trading at a price of $0.002286, with an increase of 1.78% in the last 24 hours. The crypto holds the 59th rank according to a market cap of $95,596,637, with a circulating supply of 41.817.047.634 SC. There has been $1,287,497 worth of SC coins traded in the last 24-hour period.

Siacoin started February at a price of $0.0016, but by the end of the week, it already surpassed the $0.002 mark. The bullish momentum continued for the next 14 days, closing the week at $0.003122, establishing a new monthly high and surpassing another resistance level.

From February 14th to February 18th, the coin started experiencing a price pull-back, having some minor corrections, which brought the price down to around $0.0028-$0.0029. SC made an impressive recovery in the last hours of February 18th, closing at $0.003633. The next day, SC opened at around the same value and managed to reach a new resistance level $0.003822, but then dropped to close the day at $0.0031.

The coin continued to fluctuate between $0.0029 and $0.0030 up until February 23rd but then went to trade below the $0.003 support level.

Source: Walletinvestor

On February 24th, Siacoin closed the day at $0.002666 and continued to decline in the next day, as the coin reached a price of $0.0023 towards the end of the day. February 26th also didn’t look favorable, as the coin was still dropping in value, reaching $0.002298 by the closing hours of the day.

The resistance, pivot, and support levels calculated by WalletInvestor are:

This month, Siacoin has not made any headlines or announcements regarding the project’s development. The only noticeable announcement was made on February 18th , when Sia launched Skynet, which is a content delivery network (CDN) and platform for web hosting.

Source: Siacoin blog

Skynet is based on the Sia blockchain, which facilitates peer-to-peer file storage network. This means that users and developers can upload their files and applications to Skynet, and the files will remain online if they are pinned by at least one “pin” from the network peers.

Sia’s storage service is separate from the Skynet service, as the former requires a form of payment to function, and is designed to operate as a private cloud storage for individual users. Moreover, Skynet is dedicated to public web hosting. Encrypted private data is currently not available on the platform, but the team is working toward implementing it.

All users are able to upload their file to Skynet via Sia’s command-line client or through web apps.

A main competitor of Siacoin, Filecoin, which is another decentralized storage system based on blockchain, has made a great breakthrough this February, as Gemini Custody of the well-known Gemini exchange has announced that it would enable its users to store Filecoin when the network is prepared. Also, the exchange is working with the New York State Department of Financial Services (NYSDFS) in order to add Filecoin trading on its platform.

FIlecoin is most likely going to get more traction once it is featured on the Gemini exchange, and if Siacoin does not ramp up its partnerships or features, it will be difficult to surpass the competition.

As there have been a number of crypto websites that have made their own Siacoin price prediction for March 2020, we have decided to feature some of the most relevant ones to give you a better feel of the market sentiment.

Tradingbeasts anticipates that SC will start March at a price of $0.0026137. The site predicts that the maximum price will be $0.0033733, while the minimum is set around $0.0022938. The closing price for Siacoin at the end of the month is forecasted at $0.0026986, a change of 20.31%.

Digitalcoinprice expects that in March Siacoin will be trading hands at $0.00568492, which would signify an increase of 143.35%.

Altcoinforecast predicted that the coin will start March at a price of $0.0023 and end the month at $0.0026.

Gov.capital projected that the Siacoin will open the month with an average trading price of $0.00227, with a minimum possible value of around $0.0019295 and a maximum value of $0.0026105.

Coinpredictor forecasted that in the first few days of the month, Siacoin will see an increase of 1.3% that will bring the price to $0.002055, but towards the end of March, the site foresees that the coin will decrease with -47.5%, which would place its price at $0.001065

Bitverzo’s Siacoin price prediction for March 1st, 2020, was that Siacoin would be trading at an average price of $0.000509, with a minimum of $-0.006851 and a maximum of $0.008297.

Walletinvestor made predictions for the first week of March, along with the estimated minimum and maximum prices for Siacoin.

Cryptoground  projected that in one week, the price of Siacoin will be at around $0.0020, with a decrease of 14.96%, and the site also anticipated that Siacoin will close the month at a price of $0.0020, with a decrease of 12.29%.

Cryptorating’s prediction for the first few days of March is that Siacoin will trade at $0.003046, with an increase of 32.37%, and the website also expected that Siacoin will trade at the end of the month at a price of $0.003252, with an increase of 41.3%.

You have now reached the end of our Siacoin price prediction for March 2020. We hope that the information supplied in this article will prove useful to you in your future SC trading endeavors.

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Based on the historical price behavior of Siacoin (SC) and other market analyses and opinions, we would like to give our version of Siacoin price prediction for June 2020.

Today, Siacoin is trading at $0.003948 against the US dollar, with an increase of 4.14% in the last 24 hours. It ranks 49th on CoinMarketCap with a market cap of $165,102,863 and a circulating supply of 41,817,047,634 SC. In the last 24 hours, $17,091,518 worth of Siacoin was traded on the market.

Around the same time last month (May 14), SC closed the day at $0.002110 after a high of $0.002168. On May 15, it started the day at $0.002125, peaked at $0.002127, and closed at $0.002020. The coin experienced a drop on May 20 and closed at $0.002049. On May 31, SC closed the month at $0.002338 before jumping to $0.003024 on June 10. On June 13, SC opened the day at $0.002793 and closed at $0.003194.

Siacoin resistance, pivot, and support levels calculated by WalletInvestor are as follows:

In the first week of June, Siacoin released a new version 1.4.11, which features a revamped Renter-Host Protocol and allows for the encryption of Skynet files. It also features a new fee manager that allows third-party developers to monetize their apps. The new version fixed several bugs and optimized platform performance.

Besides, the platform recently released the SiaStream app, which allows users to store and stream their media directly from Sia and enjoy low costs, redundancy, and encryption. The app was updated in the first week of June and will proceed to its Public Beta phase soon. On June 6, Sia blockchain celebrated its fifth anniversary since the first block was mined on June 5, 2015.

Many crypto forecasting platforms have given their views on the Siacoin price prediction for June 2020. Here are just a few to help us have an overview of the market opinion for this coin (SC).

WalletInvestor made a daily Sia price prediction for the next ten days of June, with their possible high and low values as follows:

According to Digitalcoinprice, Siacoin will trade at $0.00674302 in June, which is a change of 116.69%. They also expect the coin to close the year at $0.007402 in December 2020, bringing a change of 137.06%.

Tradingbeasts predicts that Siacoin would close June at $0.0037149.

According to Gov.capital, Siacoin will peak at $0.0036 on May 25, with a possible minimum of $0.003564 on the same day. They expect SC to close the month at $0.00324.

Coinpredictor gives a 7-day Siacoin price prediction with a +1.3%. Their 3-month prediction, however, shows a plummet in price, expecting the coin to trade at $0.001648.

According to Bitverzo, Siacoin will averagely trade at $0.004514 on June 20, with a possible high of +0.012507 on the same day. They expect SC to close the month at $0.002207. Here is a tabulation of their expectation for the next 13 days of June:

Cryptoground predicts that Siacoin (SC) will be trading at $0.0020 in the next one week, which is a change of -35.03%.

Cryptorating expects that SC will trade at $0.004032 in the next week, meaning a change of 31.29%. They believe SC is potentially one of the profitable altcoins.

This is our version of Siacoin price prediction for June 2020. From our observation, there are different opinions regarding SC price development this month. However, we can expect the coin to trade between $0.002 and $0.005.

Featured image: crypto-capitalist.com

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As at 2019-04-15 average Siacoin price is 0.00310580 USD, 0.00000062 BTC, 0.00001935 ETH. In this regard, 24 hour trading volume is 2187973.85378430 USD or 436.77757401 BTC. At the same time Siacoin market capitalization is 125131997 USD or $24979 BTC. Siacoin SC/BTC on Bittrex exchange is 0.00. The trading volume on Bittrex is 195881.65.At the same time Siacoin SC/BTC on HitBTC exchange is 0.00. The trading volume on HitBTC is 235430.78.Siacoin SC/BTC on Poloniex exchange is 0.00. The trading volume on Poloniex is 56438.93.Siacoin SC/BTC on BigONE exchange is 0.00. The trading volume on BigONE is 0.00.Siacoin SC/EUR on LiteBit exchange is 0.00. The trading volume on LiteBit is 60.39. Siacoin average change within 24 hour is -2.81 against USD, -1.59 against BTC, -0.19 against ETH. Weekly report: -13.11 against USD, -8.82 against BTC, -1.97 against ETH. Monthly report: 13.35 against USD, -8.82 against BTC, 0.01 against ETH. It’s noteworthy that is issued into circulation Siacoin.Save my name, email, and website in this browser for the next time I comment. Notify me of follow-up comments by email. Notify me of new posts by email.

By day, a simple software engineer. By night, also a software engineer. May 20, 2017 16 minute read This guide is out of date. This post describes mining Sia with a desktop graphics card (GPU), but custom mining hardware is now available for Sia. The custom hardware has made Sia GPU mining non-viable. This guide will still work, but you may never reach payout, even with a high-end GPU.Sia is a decentralized, peer-to-peer network for buying and selling computer storage space.Users pay for transactions within Sia using a cryptocurrency called Siacoin. Like Bitcoin, Sia relies on miners to supply computing power to the network. These miners are paid for their contributions in Siacoin.In this guide, Ill show you how to generate money when youre not using your Windows PC by setting it up to mine Siacoin.This guide looks long, but its just because there are lots of screenshots. I estimate that it only takes about 20 minutes to get started with mining.This guide uses the latest version of each software component at the time of writing:Siacoin mining uses your computers graphics card (which Ill refer to as GPU for graphics processing unit).Different GPUs require different software, so follow the steps below to determine your GPU type:You should see something like the following:Note whether your GPU begins with NVIDIA or AMD.If you see something else, you likely dont have a compatible GPU. This means you wont be able to mine Siacoin, but check the mining hardware section (below) to see what mining-ready GPUs are available for your next build.In order to run a Siacoin miner, you must install the correct library for the mining software to communicate with your computers GPU.If you have an NVIDIA GPU, youll need to install CUDA. For AMD GPUs, skip to the next section.If you have an AMD GPU, youll need OpenCL. It may be installed already, as it is included with many AMD drivers, but to ensure you have the latest version, follow the steps below.There are a few different Siacoin miners to choose from, but they all offer similar features and performance. This guide uses the Marlin miner because it is compatible with both CUDA and OpenCL, but you might want to check out other mining options.To install Marlin, follow the steps below:In the Command Prompt, type the following:You should see output that says PASS on each line:This verifies that your GPU library is installed correctly and your miner is able to access it. All you need now is a Siacoin wallet and youll be ready to begin mining.In order to mine, youll need a Siacoin wallet to store the coins you earn. There are currently two main options for Siacoin wallets, which I describe below.The fastest way to create a Siacoin wallet is to use Bittrex, a cryptocurrency exchange. Bittrex provides a web wallet, so you can create an account and generate a Siacoin wallet instantly.The downside is that you have to trust Bittrex to keep your Siacoin secure. There have not been any major security breaches at Bittrex that cost their customers money, but many other exchanges have had issues with this, and Bittrex is by no means immune.I recommend starting with Bittrex as you build familiarity with Siacoin and mining. Once you become comfortable, create a wallet with Sia-UI, move your Siacoin from Bittrex to your Sia-UI wallet, and set your Sia-UI address as your new mining address.To create a wallet with Bittrex, follow the steps below: If you created a wallet with Bittrex, you can skip this section.Sia-UI is Sias official Windows app. Developed and maintained by the Sia developers, it is the most secure and powerful Sia wallet available (though this is somewhat by virtue of it being the only Windows wallet available).Youll see a progress bar in the upper right corner that represents Sia-UIs progress synchronizing your app with the rest of the Sia network. While you wait for synchronization to reach 100%, create your Siacoin wallet with the steps below:At this point, Sia-UI will likely still be synchronizing with the rest of the network. Unfortunately, you cant use your wallet until this process completes.First-time synchronization is sloooooow. It can take hours to days to get synchronized depending on your disk speed and network connection. I posted a workaround on reddit that reduces the wait time to ~20 minutes, so check that out if you dont feel like waiting.When youre finally synchronized, click the Receive Siacoin button in the wallet screen:You will see a Receiving Address field and a Description field. In the Description, type Mining revenues (or whatever label you prefer):Sia will now show your Siacoin receiving address labeled Mining revenues. You can access it at any time by hitting the Receive Siacoin button.Youre ready to start mining! To begin, follow the steps below:Youre mining! You should see output like the following:Close the window to stop mining.If you configured your Siacoin wallet address correctly in Marlins settings, you will see your mining activity in the Luxor dashboard:Ill go into more details about the Luxor mining pool below.Youll notice that your system responds sluggishly while youre running the miner. This is because mining consumes all available graphics resources, which makes it difficult for you to use your computer normally. Dont worry. Well address this in the next section.Youre all set up and generating Siacoin, but theres a problem: mining monopolizes your graphics processor and makes it difficult for you to do anything else on your computer.You could start the miner when you leave your computer and turn it off when you return, but thats a pain.Instead, you can use a handy feature built in to Windows called Task Scheduler. It allows you to configure Siacoin mining like a screensaver - it runs when youre away and automatically shuts off when you return.Configuring a scheduled task is a bit tedious. To save you the trouble, Ive created a task configuration file you can import into Task Scheduler through the steps below:This will create a pre-populated task for you with the correct settings for your Siacoin miner. Click OK to finish creating the task.With this task created, your PC will mine Siacoin automatically any time you leave the mouse and keyboard untouched for ten minutes. As soon as you touch the mouse or keyboard, mining stops so as not to interfere with your normal usage.Mining is a game of chance. Your machine is doing repeated calculations with random numbers hoping to discover a solution to an equation that the Siacoin network needs at the given moment. The computer that finds a solution receives a miners reward. The reward is currently ~200,000 Siacoin (~$1,300 USD). A solution is found roughly once every ten minutes, but due to the number of miners active, it is possible for your miner to go months without getting lucky and stumbling on a solution.This guide configures your miner to participate in the Luxor mining pool to give you a more regular and predictable mining income stream. With a mining pool, all participants implicitly agree to share effort and share rewards proportionally. The Luxor mining pool takes a 0.3% fee for administering this system. This fee is unusually low for a mining pool and will likely increase to 2-3% by next 2018.The Luxor mining pool provides a dashboard that allows you to monitor your miners activity: When the unpaid balance for your wallet address reaches 500 Siacoin, the pool pays out your rewards. Within six hours, you will see a deposit in your wallet for a little over 500 Siacoin.My particular GPU reaches the payout threshold about once every two weeks (as of November 2017). Your experience will vary depending on the performance of your GPU, the percentage of time your miner is running, and the number of other active Siacoin miners.Now that youve accumulated some Siacoin, you probably want a way of spending them.There are cryptocurrency exchanges that allow you to sell Siacoin, but they dont support converting Siacoin directly to fiat (e.g. dollars, Euros). You need to convert your Siacoin in two stages:There are a few options for converting your Siacoin to Bitcoin:Bitcoin has been around longer and the ecosystem is much more mature, so you have several options for cashing out your Bitcoins. Bitcoin exchanges are beyond the scope of this post, but here are a few places to start.A more comprehensive list is available at bitcoin.org.The tables below show estimated mining performance of different GPUs. These numbers are based on anonymous, self-reported data from a mix of systems, aggregated from Sia mining wikis. Dont expect 100% accuracy, but they should give you a rough idea of how different systems perform.The performance metric is a function of how many million mining calculations the chip can do per second (measured in megahashes per second or MH/s). The rate that a GPU generates mining income is directly proportional to its MH/s. In other words, all things being equal, a 2,000 MH/s GPU will generate twice as much income as a 1,000 MH/s GPU.For each GPU chip, Ive provided an example GPU product that contains that chip, but the same GPU chip is generally available from a variety of manufacturers.I do not recommend buying a GPU for the express purpose of mining Siacoin. Your profits are determined by Siacoins market price and the number of other active miners on the network. These variables can change drastically at any time.If youre buying a new GPU anyway, and youre interested in Siacoin mining performance as a factor in your decision, the tables above can help you decide.Here are a few things to keep in mind as you begin Siacoin mining:Another way of earning Siacoin is by renting out your unused hard disk space. The Siacoin hosting economy hasnt reached critical mass yet, and hosting is suited for more advanced users, but if youre interested, I wrote a Guide to Hosting Sia on a Synology NAS.Having trouble getting up and running? Here are some common issues readers have run into and how to fix them.Symptoms: When you run marlin.bat a command window pops up and immediately closes.This usually happens because the mining settings are too intense for your GPU. To fix this, follow the steps belowIf it succeeds, repeat these steps with increasing intensity until you find the highest intensity that is still stable.If it fails after youve lowered the intensity, try the following:In the Command Prompt, type the following:This wont fix the issue, but the window will stay open so that you can see the error message Marlin is producing before it crashes.Symptoms: The Marlin miner runs, but shows a hash rate of 0 MH/s.This can happen if the mining settings are too intense for your GPU. To fix this, follow the same steps for Miner crashes immediately.Subscribe to get my latest articles by email. Tags: cryptocurrency, mining, sia, siacoin Updated: January 27, 2018March 1, 2018 1 minute read A thank you and a follow-up about my plans. February 28, 2018 12 minute read For the past four years, Ive worked as a software developer at Google. On February 1st, I quit. It was because they refused to buy me a Christmas present. January 19, 2018 11 minute read With no idea what I was doing, I hired a cartoonist to illustrate my blog. The results were surprisingly positive. January 9, 2018 6 minute read Im building a website. Heres what was good, bad, and learnable about it last month.

By looking at the historical price trends of SIA and several market opinions, we will try to present a Siacoin price prediction for May 2020.

Today, Siacoin (SC) is trading at a price of $0.002062, with a decrease of -3.20% in the last 24 hours. The crypto holds the 69th rank according to a market cap of $86,233,154, with a circulating supply of 41,817,047,634 SC. There has been $1,238,702 worth of SC coins traded in the last 24-hour period.

Siacoin had been struggling up until April 24th to break the $0.0014 resistance level, but then, the coin suddenly skyrocketed on April 26th, reaching $0.0018.

The next day, Sia corrected itself to $0.0017, but briefly reached a new resistance level of $0.0019 before falling back down to $0.017. The coin continued trading the next day between $0.0016 and $0.0017, but then, started a bullish rally again on April 29th, touching $0.002.

On the last day of April, Siacoin surged to an intraday high of $0,002471 and closed the day over $0.0021.

Sia debuted may at a price of $0,002122, and rallied to $0,002345, but closed the day at $0.0022 levels. For the first week, Sia traded mostly between $0.0020 and $0.0022, with minor brushes with the $0.0023 and $0.0024 resistance levels.

On May 10th, Sia dropped like the rest of the market and fell from a price of $0.0022 to $0,001869, closing at $0,001941. On May 11th, Siacoin traded all day below the $0.002 mark, signaling a bearish momentum with a closing value of $0,001841.

The resistance, pivot, and support levels calculated by WalletInvestor are:

There have been no recent developments or partnerships in the past month involving Siacoin’s project that has been made officially public.

As there are many crypto forecasting platforms that have calculated the prices for their Siacoin price prediction for May 2020, we will include a few of these forecasts to better reflect the market sentiment for Sia.

Digitalcoinprice expects Siacoin to trade in May at a price of $0.00333301, which would mean a change of 75.82%.

Altcoinforecast predicted that Sia would close May at a price of $0.0014.

Gov.capital anticipated that Siacoin will have a closing price of $0.00318 for May, with a minimum possible value of around $0.00314 and a maximum value of $0.00321.

Coinpredictor expects Siacoin to increase in the next seven days with +1.3%, which would place the coin around $0.002055.

Bitverzo’s Siacoin price prediction for May was that the coin would be trading at an average price of $0.003014, with a minimum of $ -0.005440 and a maximum of $0.010552.

WalletInvestor made an SIA price prediction for every day of the next 10 days of May, along with their possible minimum and maximum values.

Cryptoground projected that, in one day, Siacoin will be changing hands at $0.0020, with a change of 5.71%, and the site also estimated that, next week, the coin will still be around $0.0020, with a rise of 3.26%.

Cryptorating’s prediction for the next day of May is that Siacoin will trade at $0.001735, losing -9.21%, and they also projected that SC, in one week, will be around $0.002529, marking a rise of 32.34%.

This has been our Siacoin price prediction for May 2020. From what we can see, the opinions are divided when it comes to Sia’s price development for this month, but we expect the coin to continue trading between the $0.0017- $0.0020 range.

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As at 2019-04-13 average Siacoin price is 0.00314295 USD, 0.00000062 BTC, 0.00001924 ETH. In this regard, 24 hour trading volume is 2500760.99572200 USD or 493.31736660 BTC. At the same time Siacoin market capitalization is 126543835 USD or $24962 BTC. It’s noteworthy that is issued into circulation Siacoin. Siacoin SC/BTC on Bittrex exchange is 0.00. The trading volume on Bittrex is 100517.91.At the same time Siacoin SC/USDT on CHAOEX exchange is 0.01. The trading volume on CHAOEX is 0.00.Siacoin SC/BTC on Poloniex exchange is 0.00. The trading volume on Poloniex is 31681.57.Siacoin SC/BTC on BigONE exchange is 0.00. The trading volume on BigONE is 0.00.Siacoin SC/EUR on LiteBit exchange is 0.00. The trading volume on LiteBit is 15.41. Siacoin average change within 24 hour is 0.53 against USD, 0 against BTC, 0.93 against ETH. Weekly report: -9.18 against USD, -8.82 against BTC, -6.44 against ETH. Monthly report: 16.56 against USD, -10.14 against BTC, -4.76 against ETH.Save my name, email, and website in this browser for the next time I comment. Notify me of follow-up comments by email. Notify me of new posts by email.

Cryptocurrency News – TCAT Cryptocurrency News – REAL News ® Home » SiaCoin SkyGames becoming Popular among People Searching Game during Quarantine SiaCoin SkyGames becoming Popular among People Searching Game during Quarantine By Maheen Hernandez March 31, 2020 Off The overall cryptocurrency market has had a colossal fluctuation.  There is a catastrophic change when the momentum of the different crypto is considered. Sia has been speaking of some honorable mentions, out of which they consider Skynet being tracked by Appstore as an honorable thing. Sky Games are used to play Doom to tic-tac-toe.  Lisk Player is an app that combines the Skynet and the data protocol to help store and play music and podcasts. Sia is becoming popular as more and more people are looking to play some games during the quarantine. Sia has expressed that they are happy about high-quality submissions for the gitcoin virtual hackathon.  They stated that they had a difficult time judging from the 180 registrants and 44 projects. This just means that more of apps and niceties are cooking for users. Runner Up is an IOS app that permits everyday users to share their photos with the rest of the world using Skynet, and it is available on the AppStore. It does not need running a Sia node, and it works immediately upon installation. InstaSkynet is a completely Skynet app. Thus it can be used entirely from Skynet. It is a kind of directory explorer permitting to look at all the files and folders within a single Skylink. Whether the whole world is at work or quarantine, there is a need for decentralized cloud storage, and this keeps SiaCoin busy either way.  They tend to have a user base who looks at their use cases for one reason or the other. SkyLive is a project from DaWe, a very impressive app.  They also performed a live demo for the community on Bitcoin privacy. Thus the future possibilities of Skylive are exciting. More projects are in line to create more excitement. Share var VUUKLE_CONFIG = )(); CategoryAltcoins Nervos Network Blockchain Believes Trust is Incredibly Valuable But Has Boundaries Bitcoin BTC Sold To Put Fiat Into Pockets Due To Hassles Caused By COVID-19 Maheen Hernandez A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies.

[SC/BTC] Siacoin Looking goodLongSiacoin / n / BitcoinTrend AnalysisTechnical IndicatorsSCBTCsiacoinaltcoinokexbinanceBitcoin (Cryptocurrency)448 views60trendanalysisindicatorscbtcsiacoinaltcoinokexbinancebitcoin#SC / BTC ( OKEx ) Buy Range : 0.00000021 Stop Loss : daily close below 0.00000018 Target 1 : 0.00000028 Target 2 : 0.00000034 Target 3 : 0.00000039 - Looking good in short-term if weekly candle closes at 20+ sats - Another movement to the highs is clearly possible - If price fails to break moving average it could be back into accumulation area. - A daily candlestick closes BELOW 18 sats could suggest an exit. GLTrade active:Good time for re-enter. 26-27 sats zone was touched but i'm looking for more upside to reach my personal targetsTrade active:Target 1 touched finally as expected ! More trades on my channel - t.me/MikeTopCryptoSignalsTrade active:Target 2 ( medium-term ) reached !Trade closed: target reached:All targets reached. 60% profit Now need to reevaluate in the pullback More trades in http://t.me/MikeTopCryptoSignalsCommentsСomment with cheerPost Comment

Siacoin is a blockchain-based storage provider. They were one of the first cloud-based blockchain storage solutions. The platform is encrypted for privacy by default, users Control encryption, and decryption keys.

No third party has access to stored data on Sia, unlike traditional cloud storage providers.

The platform is decentralized for failure redundant file storage across multiple nodes around the world. Uptime is as good, if not better than rival storage providers.

Their long term vision is to become the backbone storage layer of the entire internet. The Siacoin team believes data should be free to everyone.

In this Siacoin rice prediction, we are going to analyze everything about the project to help you determine whether or not it’s a good investment for you.

Siacoin (SC) has been in the cryptocurrency market since 2015 and has its fair share of pumps and dumps throughout the years of its existence.

Its all-time low came several months after it was introduced by Nebulous, Inc, which saw its price falling as slow as $0.00001262 on December 28, 2015.

SC traded horizontally for the first half of 2016 when suddenly its price experienced some major positive price action that can be attributed to the impending 2nd bitcoin halving event in 2016.

Like many altcoins in the industry, the cost of SC has always been in direct correlation with the prices of BTC.

Looking at the charts of previous years corroborates this observation as most of the significant price movements of SC synchronizes with the few considerable price action of bitcoin.

This is most apparent during the late 2017-2018 bull run of the crypto industry and its subsequent and prolonged bear market.

The height of the bull run saw Siacoin’s price soaring as high as $0.092868 on January 6, 2018. However, as soon as it reached this price point, it started its gradual descent to its current price, except in May 2018, just before it gets listed in Binance. 

There is no sure way of predicting future prices of any asset; this is made even more complicated when trying to predict the prices of cryptocurrencies like Siacoin.

A quick search around the internet will show you that many analysts have varying opinions on what could be the prices of Siacoin in different time frames.

The only thing that is sure here is the fact that no one is sure of their prediction. We can only make observations from past price actions, identity price correlations and make informed assumptions in our effort to draw up a viable price trajector for the project.

More often than not, prices of cryptocurrencies are highly correlated to the price action of bitcoin, which many pundits believe moves in periodic price cycles.

These cycles usually happen after significant development on bitcoin such as bitcoin mining reward halving events, changing regulatory environment, protocol upgrades, and forks.

The price movement of BTC seems to be the single most crucial factor in determining the price of many of the altcoins in the industry, and Siacoin is no different.

We believe that with the recent bitcoin halving event, the continuous development of the Siacoin infrastructure, as well as the intent of building business partnerships with allied industries, will serve as catalysts for a new bull cycle for Siacoin.

For these reasons, we plotted a relatively optimistic price forecast for this digital asset in the short and long term, as shown in the following section. 

We believe that the recent bitcoin (BTC) mining reward halving event marks the beginning of a new bull cycle for the cryptocurrency industry.

This assumption is supported by observations gathered from previous halving events of bitcoin. In the short-term, Siacoin may experience bullish price action, with its price reaching $0.01 by the end of the year.

This prediction rides on the premise that BTC will continue to gain value throughout this year and will carry this momentum over next year.

We are projecting that by this time, Siacoin would have reached a new all-time high at $0.10, which is around 50x its market value at current prices.

While this might be an overly optimistic forecast, this is not impossible either. This would likely happen in the year 2021 with some profit-taking shortly afterward, which will lower the price to around $0.0916 going into the year 2022.

This will be the 7th year since Siacoin was introduced, and we expect many of its essential features would have been released and partnership gaining ground.

In five years, another bitcoin halving event would have occurred, which once again will signal the start of the new bullish crypto cycle.

2025 will be a year after the 4th halving event and likely time when a significantly positive price movement for bitcoin would likely to occur.

This also marks Siacoin’s first decade of existence, and much of its infrastructure would have been released by then. Partnerships with allied industries would have matured, pointing to an ideal situation where Siacoin might experience another massive price surge.

Given the projected market of the Cloud market in 2025, a price of $0.5105 or higher for Siacoin is plausible.

SC is a long term investment at this point. The projected value of global cloud computing by 2025 will be $712.83 billion. If SC captures 1-2% of this market, each token could be valued at $0.17 – $0.34.

These estimates are very conservative base multiples and don’t take into account a crypto bull run, which could see the price rocket much further beating their all-time high prices and push to $1.00.

The Sia project is stable and could deliver outstanding gains if they continue development.

Interested buyers who want to buy Siacoin will be happy to know that there is an abundance of ways how to procure this digital asset. It is currently listed in many of the leading cryptocurrency exchanges in the industry today.

Please note that buyers might not be able to buy Siacoins (SC) with fiat directly through these exchanges.

They will have to buy bitcoins or ethereum first then trade them to Siacoins, after which they can withdraw their token to their preferred Siacoin wallet.

Those who want to buy Siacoins directly with fiat might want to use Instant Cryptocurrency Exchange, ChangeNow. It offers a simple yet powerful interface that allows users to purchase Siacoins using credit or debit cards through its partnership with Simplex.

 Be mindful of how much SC you leave on your hot wallets. Be extremely deliberate when setting up ephemeral accounts.

Always fund ephemeral accounts with the smallest amount you are comfortable with losing. If you are handy with code, you could use Sia cold storage.

For all other storage, you should always use a hardware wallet, Ledger, or Trezor are our preferred choices.

With Sia, you can only use Ledger, and it requires command-line skills.

The Siacoin project is an open-source, decentralized, blockchain-based storage solution. Similar to cloud services offered by Dropbox, Google Drive, Microsoft Onedrive, iCloud, and Amazon Cloud.

What sets Siacoin apart is how they manage downtime through the division of data, security with private keys (Google can’t do this as this directly affects their ability to market to you, third parties will always have access to your data), and their price which is cheaper than its competitors.

Siacoin works by allowing hosts/ hard drive owners to rent their unused hard drive space to renters for a fee. The Siacoin platform uses smart contracts to lock up SC coins.

This ensures renters pay hosts as agreed, and hosts also have to put up SC as collateral. It also ensures uptime as the host can be charged for being down.

Siacoins’ vision is to free data for everyone, and they plan to use unused hard drives from all over the world to create the world’s largest storage database.

The company behind SiaCoin is Nebulous, Inc. The company started in 2014. In November 2014, the whitepaper was released.

Siacoin did not raise startup funds with an ICO. Sia raised funds from independent investors. The initial round of funding raised $1.25 million.

Nebulas Labs received these funds to develop Sia. Siafunds are another token on the network.

These are tokenized securities that pay out the holders a certain amount of Sia on the conclusion of every contract. In their second round of funding, they raised $3,250,000

Sia received their second round of funds because of their monumental achievements. At the time of funding, they had stored over 4 PB of data, distributed among 925,000 storage smart contracts.

The Sia network then had an additional 2 PB of available storage capacity. The Sia software had then been downloaded over 1 million times.

The Sia roadmap is detailed with simply understood objectives, and it is also available in real-time.

The Nebulous/Sia team has been together a long time since 2014. They have developed a group vision. Their investors include A_Capital, Bain Capital Ventures, Bessemer Venture Partners, Collaborative Fund, Dragonfly Capital Partners, Fenbushi Capital, First Star Ventures, Hack VC, INBlockchain, Raptor Capital Management, and SV Angel.

Siacoin proprietary software splits files into separate segments before they are uploaded. 30 hosts will each receive 1 portion of the data.

This creates no signal point of failure redundancy.

Siacoin creates these file segments using Reed-Solomon erasure coding. The technology comes from how CD’ s/DVD’s were encoded to still play even if damaged.

If 20 of the 30 hosts fail, the renter/end-user can still access and download their data. If one more of the hosts goes down, the platform will automatically assign a new host to the renters’ data.

Each segment is also encrypted before it leaves the renters’ computer. The hosts store only encrypted files on the Sia platform. Traditional cloud storage providers don’t encrypt your data by default.

Segmented storage adds a layer of security. Fragmented files are incredibly hard to read. The files need to be reassembled to become readable.

This decentralized approach is what makes blockchain technology the perfect solution for cloud services.

Renters on the Sia platform create file contracts, these contracts determine uptime commitments, pricing, other criteria the host and the user want to include.

Sia recently added price gouging protection to the renter, to protect the service from host exploitation.

Ephemeral accounts were also created to speed up the download process, by giving hosts access to a pre-funded account, hosts can access funds faster and speed up the download process.

Unfortunately, hosts can also steal these funds at any point, and the renter has no recourse. Siacoin advises renters to fund the ephemeral accounts with small amounts of SC.

The file contracts are almost like smart contracts; they create service level agreements (SLAs). These agreements are then stored on Sia’s blockchain when transactions are completed.

The host has provided adequate uptime, and the renter has stored their data for the intended time. These smart contracts are enforced to use the network, and no third parties are involved in the process.

Renters use Siacoin to purchase storage, but hosts also need to deposit Siacoin into every smart contract as collateral.

Small transactions flow between the host and the renter. This process is slow, taking up to 2.5 seconds. This is one of the scalability issues the network faces.

Ephemeral accounts solve the problem for now but will be gamed by hosts eventually. The collateral staked by hosts provides a financial disincentive to not be online.

Renters have to prepay for their contract, SC is set aside for transferring, and storage contracts typically last 90 days, contracts are automatically renewed. If the deal is canceled, all unused SC is refunded back to the renter.

When the contracts end, the host needs to provide proof that they stored the renter’s file by the contract. Sia calls this storage proof. This storage proof has to appear on the Sia blockchain within a certain amount of time.

If the storage proof appears on the blockchain, the host is paid; if it doesn’t, the host is penalized.

Siacoin uses Merkle trees for its storage proofs. Merkle trees allow the network to confirm a small piece of data (hash) is part of the broader set of data uploaded.

These proofs are tiny and ultra-secure; they will ultimately reduce blockchain bloat.

Blockchain bloat is toxic for this platform as it can take days to sync the renter or host to the Sia blockchain. Siacoins’ Lite Wallet could solve this, but they are still in beta testing.

Siacoin has officially launched sharing and content distribution. Skynet marks the moment “the tech is ready” for intensive marketing.

Video streaming and SiaStream are groundbreaking blockchain services allowing the streaming of media via a decentralized network, SiaStream is currently in beta, their alpha version will be available to the public soon.

Their services can also stream 4k video content seamlessly, which is impressive but cannot stream to your smart TV yet.

Nebulous Github is stacked with commits, pushing the Siacoin blockchain forward.

Sia remains on the cutting edge of what blockchain cloud storage could be. They are actively involved with end-users,  trying to optimize product delivery, creating a more usable product.

Siacoin is mineable. It uses the Blake 2B hashing algorithm. SC was a GPU mined coin until Bitmain released an ASIC miner capable of mining Blake 2B.

Bitmains’ Antminer A3 was intensely profitable, and this played a role in Siacoins’ choice to fork the blockchain. This protected their vested interest in the Obelisk and the Obelisk SC1 miner, which was half as powerful as the Antminer A3.

Siacoin did this by designing a failsafe algorithm into the Obelisk SC1, incase Bitmain did not act transparently and fairly. This is the narrative push by Sia. Bitmain indeed did not act in the best interests of the Sia mining community. Sia took action to protect the network, as centralization can cause the death of a decentralized blockchain. Bitmain essentially attacked the Sia network and the Sia mining community. In our opinion, Sia acted correctly, but it’s mining project, Obelisk, is simply the lesser evil and a money grab.

90% cheaper $1-2 per TB per month. Comparatively, 100GB of storage on Google Drive will cost $2 per month. Unfortunately, Sia is not as intuitive as Google Drive. The profitability is not there for individual hard drive owners either. Massive data centers will dominate this market, which is great for consumer pricing but not for decentralization.

The current cloud computing market’s major players are:

Delivering various services:

The major problem for Siacoin is competing against companies that provide a full stack of solutions that integrate within their services. This makes them more attractive for businesses that want one solution to solve all their problems. Siacoin is only focusing on data storage and has a long way to go before they can compete. Their price point can only get them so far if their services can’t integrate with other service providers.

Carbon and Siacoin integration allow users to purchase Siacoin using their credit or debit card. The delay imposed by exchanges is ridiculous, from KYC (Know Your Customer), and maintenance periods to liquidity issues, which could force the user to register with another exchange and start KYC all over again, or be financially penalized for their immediate need. The Carbon Siacoin relationship solves these issues and creates an alternative crypto onramp for the benefit of the whole crypto community.

Cloud storage is the future of data storage. As humanity stores data more and more content online, hacking attacks of cloud services is inevitable. How secure is your data on Amazons’ or Googles’ servers unencrypted? Major cloud service providers do have some of the best engineers working on their security. User error is still to blame in some cases. Having access to encrypted data is useless without the decryption key.

Siacoin is still not a household name for cloud storage, but with the release of Skynet, this could change. They could begin a more aggressive marketing campaign, turning their blockchain into the premier cloud service provider. They have a lot of development ahead to make this a reality, as cloud service providers offer suites of options and lock users in with additional services that make it hard for them to leave.

The additional cost of swapping cloud providers can be astronomical as each host machine needs to be integrated into the new system. Countless man-hours have to be allocated, and users need to be retrained on how to use the systems. Sia does have a cost advantage, but in its current state, it can’t compete with major cloud service providers. They can, however, offer solutions to blockchain developers and home users. The Carbon Siacoin relationship does make their service easier to use. Major cloud providers have had these payment systems in place since inception, and it took Sia half a decade to create the same ease of use.

As a simple, cheap backup solution, they are miles ahead of their competition, Their network is in the PB range, which is no small feat and they now offer streaming services, which opens another niche market, home entertainment.