Coindesk Logo

Antpool Adds Support for Siacoin Mining Amid Bitmain Miner Launch

Antpool Adds Support for Siacoin Mining Amid Bitmain Miner Launch

Antpool Adds Support for Siacoin Mining Amid Bitmain Miner Launch

AntPool adds support for the siacoin token, as the mining pool's parent firm, Bitmain, launches a device that can mine it.

AntPool adds support for the siacoin token, as the mining pool's parent firm, Bitmain, launches a device that can mine it.

AntPool adds support for the siacoin token, as the mining pool's parent firm, Bitmain, launches a device that can mine it.

AccessTimeIconJan 18, 2018, 2:45 PM
Updated Aug 18, 2021, 7:57 PM

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

AntPool, one of the largest cryptocurrency mining pools, has announced it will now support the siacoin token.

The announcement of AntPool mining support comes alongside the news that China's mining chip giant Bitmain, which owns AntPool, has launched a new mining hardware device, dubbed the AntMiner A3. Data shows that, currently, AntPool accounts for 18 percent of the global bitcoin hashing power.

Siacoin is the native token of the sia blockchain, developed by Boston-based blockchain startup Nebulous to support its decentralized cloud storage system.

According to Bitmain, the new 815 GH/s miner supports the "blake2b" hashing algorithm, which is also used to secure the siacoin blockchain.

However, the launch appears to be not well-received by at least one member of the siacoin development team.

One representative, going by the pseudonym "Taek42" on Reddit, argued that Bitmain might put profit ahead of the sia ecosystem. Taek42 added that the sia blockchain could be changed to block mining via the AntMiner A3, but that it would require a soft fork to do so.

While some agreed with Taek42's sentiment, others welcomed the addition of Bitmain to the sia arena.

"Bitmain selling a Sia miner is great for the price of the coin, it brings us into the mainstream," wrote JoWi96 on Reddit.

As of press time, Bitmain had not responded to a request for comment.

Computer fan image via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.