Siacoin to Undergo a Hardfork on Jan 21

The hardfork of Siacoin will occur at block 139,000 on January 21 to ensure that when ASICs begin mining Siacoin in 2018 the change in hashrate will not break Sia's consensus functionality
19 January 2018   4729

The moderator of the official Siacoin thread on Reddit has presented the information regarding the upcoming Siacoin hard fork. It will occur at block 139,000, and will not result in new coins, because this is going to be an uncontroversial hardfork and the development team has not expressed interest in supporting it.

Estimated time of Siacoin hard fork Estimated time for Siacoin hard fork at the moment of press

Moreover, it is known that there are two separate hardforks, and the first one have already occured at block 135,000, on December 6, 2017. But that hardfork contained an unforeseen bug, which became the reason for Siacoin to undergo a second hardfork, which will occur at block 139,000.

The main reason for the upcoming hard fork is that the difficult adjustment algorithm of Sia needs a change to make sure that when ASICs begin mining Siacoin in 2018, the massive change in hashrate will not break Sia's consensus functionality.

After the fork occures, the block times will be reduced from 30 minutes to 10 minutes, and for Siacoin miners it will bring mining yields back to the same level they were before the first hardfork.

Earlier today we have reported that AntPool, one of the largest crypto-currency mining pools, added support for the mining of the Siacoin token.

At the moment of press, these are the main market parameters of Siacoin:

  • Average price: $0,050988
  • Market cap: $1 600 832 980
  • 24h volume: $104 331 000

Nvidia to Unveil Mining GPUs Sales Profit

In the first quarter of the fiscal year 2019, miners brought to the giant $ 289 million in profit
11 May 2018   194

Nvidia Corporation published data on revenues from the sales of video cards for the production of crypto-currencies for the first time. So, in the first quarter of the fiscal year 2019, miners brought to the giant $ 289 million in profit. At the same time, the company expects that this figure will become much smaller in the second quarter, Bloomberg reports.

For example, during a group call on revenue, Nvidia CEO Huang Jenxun noted that the demand for video cards for mining was higher than expected, but the company believes that in future the number of GPUs bought by miners will decrease by about two-thirds.

Crypto miners bought a lot of our GPUs in the quarter and it drove prices up. I think that a lot of gamers weren’t able to buy into the new GeForce as a result.

Jensen Huang

Chief Executive Officer, Nvidia

The mining GPUs sales profit of Nvidia, was higher than that predicted by analysts. For example, Christopher Rolland of Susquehanna predicted that the corporation will earn about $ 200 million on video cards for the production of cryptocurrency.

Earlier, the head of Nvidia, Huang Jensen, said that, despite the pressure from regulators, cryptocurrencies will be popular for many more years. At the same time, according to a study by analyst firm Jon Peddie Research, the cryptocurrency alaquotes helped AMD reduce the market gap from Nvidia and secured 10% of the company's profit in the first quarter of 2018.