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 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