1W
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Siacoin (SC)

SC Price
$0.010849
8.30%
Market Cap
$512.48M
8.68%
Volume
$170.10M
-62.53%
Transp. Vol.
29%-65.49%
Grade
A gradeA grade
Rank
#106

SC / Siacoin Price

(1 week)
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Siacoin Weekly Performance

Today's Siacoin price is $0.010849, which is up 8% over the last 7 days. Siacoin's market cap is $512.48M. 1 week SC volume is $170.10M. It has a market cap rank of 106 with a circulating supply of 47,236,485,000. Siacoin is traded on exchanges. Siacoin had an all-time high of $0.088010 about 3 years ago. Over the last week, Siacoin has had 29% transparent volume and has been trading on 74 active markets with its highest volume trading pairs being .

SC Data Highlights
Siacoin Price (1wk)$0.010849 (8.30%)
Market Cap$512.48M (8.68%)
Trading Volume (1wk)$170.10M (-62.53%)
Transparent Vol. (1wk)
$50.11M29% (-65.49%)
Transparency GradeA gradeA grade(Transparent)
Circulating Supply47,236,485,000 ()
7D Price Prediction
N/A
1st 1D CandleAug '15
1st TradeAug '15
1st OrderbookAug '18
Exchanges31
Trading Pairs74
Updated2 minutes

Siacoin Statistics

Price

$0.010849
Price Change
$0.00083188 (8.30%)

All-Time High

$0.088010
Date of ATH1/6/2018
Days Since ATH1156
% of ATH12.33%
Price vs ATH

Market Cap

$512.48M
Mkt Cap Change
$40.92M$40,920,337 (8.68%)
Mkt Cap Rank106
Mkt Dominance<1%
Mkt Dominance

Volume

$170.10M$170,098,290
Vol. Change
-$283.85M-$283,849,548 (-62.53%)
Exchange VolumeUnknown

Transparent Volume

29%
Transparent Volume (Δ)
-65.49%
Transparent Volume
A - 29%
B - 2%
C - 59%
D - 10%

About Siacoin

Siacoin (SC) is a utility token that powers the Sia Storage Platform, an open-source, decentralized cloud storage system. The Sia platform allows users to earn Siacoin by renting out spare hard drive capacity or store files using other people’s spare hard drive space paying them in Siacoin. The Sia blockchain is secured using a proof of work (PoW) consensus algorithm.

When a user uploads data to the Sia platform, it’s encrypted, divided into several smaller components, and stored on nodes all over the world. The only way to access the data is to decrypt it with the user’s private keys.

The Sia network utilizes storage smart contracts where both the “host” (storage provider) and “renter” (user uploading data) lock up some Siacoin in a smart contract escrow along with a transaction fee that the renter pays. After a specified time chosen by the renter, the system automatically checks to see if the data is still available from the host. If the host is offline or loses the encrypted data, they forfeit their staked Siacoins in the escrow account. If the host provides the encrypted data, their collateral is returned and they are paid via the smart contract.

The Sia platform also has a secondary, revenue-sharing token called SiaFunds (SF). This digital asset gives the holder a portion of the transaction fees each time a file is uploaded to the Sia network. The purpose of SiaFunds is to incentivize token holders to improve the storage platform by bringing on more users. With more people using the Sia network, SiaFund token holders receive more Siacoin.

There are only 10,000 SiaFunds and all have been pre-mined. At the time of this writing, Nebulous Inc., Siacoin’s parent company, owned over 8,000 SaiFunds and the remaining were sold in a crowdfund to help finance early development.

The idea for Siacoin was conceived in September 2013 by David Vorick and Luke Champine at HackMIT, a student-run hackathon held at the Massachusetts Institute of Technology. At that time, both Vorick and Champine were undergraduate computer science students at Rensselaer Polytechnic Institute in Troy, New York.

In May 2014, they cofounded the Boston-based company, Nebulous Inc., the core development team behind the Siacoin project. In that same month, Nebulous raised $240,000 from a SiaFund sale. In September 2014, it received a seed round of $750,000 from investors including Procyon Venture and angel investor, Xiaolai Li.

Less than one year, the first public beta of the Siacoin network was released in March 2015.

In July 2019, Nebulous closed a $3.5 million pre–Series A round led by Bain Capital Ventures, along with participants like Bessemer Venture Partners and Dragonfly Capital Partners.

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Siacoin Markets

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Siacoin Historical Data

(Past 7 Days)
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Frequently Asked Questions

  • What’s the current Siacoin price? How much is 1 Siacoin worth?

    The price of 1 Siacoin is $0.010849. Over the last 24 hours, a Siacoin is worth 4.37% more. Go here to convert SC prices to currencies other than USD.
  • When did Siacoin start?

    The earliest trading data for Siacoin is on August of 2015 (based on current exchange data).
  • How high can the Siacoin price go?

    Siacoin’s price has gone as high as $0.088010 (which is SC’s all-time high). It achieved this price about 3 years ago. Speculations abound for how high Siacoin’s price will get in the future.

Today's SC / Siacoin News for March 7, 2021

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