Siacoin

Siacoin PriceSC

$0.000999
$0.000055+5.84%

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Siacoin Price Today

Current SC/USD real-time price is $0.000999, with a 24-hour change rate of +5.84% and a 7-day change rate of +10.06%. SC currently ranks #376 globally by market cap, with a total market cap of $54.33529M, a fully diluted valuation (FDV) of $60.340364M, and a 24-hour trading volume of $8.853605M. In terms of supply, SC has a maximum supply of ∞, a current circulating supply of 56.03B, with 90.05% already in circulation and 9.95% remaining to be unlocked.

About Siacoin

What is Siacoin?

Siacoin (SC) is the native utility token of the Sia network, a pioneering decentralized cloud storage platform that allows users to rent out unused hard drive space or purchase storage space in a secure, private, and cost-effective marketplace.

SC serves as the medium of exchange for all storage-related transactions on this decentralized platform.

Key Takeaways

  • Siacoin (SC) is the native cryptocurrency powering the Sia network, a decentralized cloud storage platform.
  • The network operates on a proof-of-work consensus mechanism using the Blake2b algorithm to secure the blockchain.
  • SC tokens are used to pay for storage contracts, incentivize hosts (storage providers), and facilitate network transactions.
  • Sia's core value proposition is offering a more private, secure, and affordable alternative to traditional centralized cloud storage services.
  • The Sia ecosystem is expanding with companion projects like Skynet for decentralized web hosting and file sharing.

Siacoin Key Specifications & Tokenomics

ItemDetails
Name (Ticker)Siacoin (SC)
Alternative NamesSia Coin
Consensus MechanismProof-of-Work (PoW)
Smart ContractsNative support for storage contracts (via the Sia blockchain)
CategoryDecentralized Storage, Infrastructure
Hash AlgorithmBlake2b
Block RewardDynamic, subject to network difficulty and a built-in miner subsidy
Max SupplyNo hard cap; inflation is managed through a built-in burn mechanism tied to storage contract fees.
TPSDesigned for storage contract efficiency rather than high transaction throughput.
Scaling SolutionLayer 1 blockchain optimized for its specific use case of decentralized storage.
BlockchainSia Blockchain

Who Created Siacoin (SC)?

The Sia project was conceived by David Vorick and Luke Champine of Nebulous Inc. (now the Sia Foundation). The idea originated in 2013 at a HackMIT event, with the whitepaper published in 2014 and the mainnet launching in 2015. The project's vision was to create a decentralized alternative to cloud storage giants like Amazon S3 or Google Cloud by leveraging blockchain technology and underutilized global hard drive space. In 2021, governance and the core protocol development were transitioned to the community-run, non-profit Sia Foundation, while Nebulous Inc. continues to develop commercial applications on the network, such as Skynet.

How Does Siacoin (SC) Work?

The Sia network operates by creating a decentralized marketplace for storage. Users who need storage space (renters) pay hosts (those offering hard drive space) in SC tokens. The process is secured and automated through file contracts, which are a form of smart contract native to the Sia blockchain.

  • Storage Process: A renter's files are encrypted, split into pieces using Reed-Solomon erasure coding, and distributed across a global network of hosts. This ensures redundancy and privacy, as no single host holds a complete file.
  • File Contracts: These contracts define the terms of storage, including duration, price, and proof-of-storage requirements. Hosts must periodically submit cryptographic proofs to the blockchain to prove they are storing the data correctly, in order to receive payment from the contract.
  • Consensus: The Sia blockchain uses a proof-of-work (Blake2b) mechanism to achieve consensus, securing the network and the integrity of all file contracts. Miners validate transactions and file contract proofs, earning block rewards in SC.

What Makes Siacoin (SC) Unique and Valuable?

Siacoin's primary value stems from its practical utility in creating a trustless, decentralized storage market with distinct advantages over centralized providers.

  • Enhanced Privacy & Security: Files are client-side encrypted before leaving the user's device. The decentralized nature means there is no central point of failure or control for data breaches.
  • Cost Efficiency: By leveraging a competitive global market of storage providers, Sia aims to offer storage at prices significantly lower than traditional cloud services.
  • Censorship Resistance: The decentralized network makes it extremely difficult for any single entity to censor or remove stored data.
  • Utility-Driven Tokenomics: SC is essential for using the network. Its value is directly tied to the demand for decentralized storage, as all payments and incentives are denominated in SC. The burn mechanism for contract fees helps manage inflation by permanently removing a portion of SC from circulation.

What Is Siacoin (SC) Used For?

SC is the designated currency for all economic activity within the Sia ecosystem.

  • Paying for Storage: Renters use SC to purchase storage space from hosts on the network.
  • Earning Rewards: Hosts receive SC as payment for providing reliable storage space and bandwidth.
  • Network Fees: SC is used to pay for transaction fees on the Sia blockchain, compensating miners for securing the network.
  • Incentivizing Development: The Sia Foundation utilizes a portion of the block subsidy to fund grants and development for the ecosystem.

How Is the Siacoin (SC) Ecosystem Developing?

The Sia ecosystem has evolved beyond its core storage layer. The Sia Foundation focuses on core protocol development and decentralization. A major development is Skynet, a suite of decentralized applications and protocols built on top of Sia. Skynet enables decentralized web hosting (Skapps), content distribution, and data portals, greatly expanding the use cases for the underlying storage network. The community is also actively developing improved user interfaces, developer tools, and integrations to make decentralized storage more accessible to mainstream users and businesses.

How to Mine Siacoin (SC)?

Siacoin is mined using the Blake2b proof-of-work algorithm. To mine SC, you need specialized hardware (ASICs) optimized for this algorithm, as GPU mining is no longer profitable. The process involves:

  1. Acquiring compatible ASIC miners (models from brands like Obelisk or Goldshell).
  2. Joining a Siacoin mining pool to combine hash power and receive more consistent rewards.
  3. Configuring your mining hardware with the pool's connection details and your SC wallet address for payouts.
  4. It's crucial to consider electricity costs, hardware efficiency, and current network difficulty, as mining profitability can fluctuate.

How to Keep Your SC Coin Safe?

Securing your SC involves responsible key management.

  • Use a Reputable Wallet: For active use with the Sia network, the official Sia-UI wallet (full node) or the Sia Central Lite Wallet (light client) are recommended. They give you full control of your private keys.
  • Hardware Wallets: For long-term, cold storage of large amounts, consider using a hardware wallet that supports SC, such as a Ledger device, through integration with the Sia-UI.
  • Secure Your Seed Phrase: Your wallet's recovery seed phrase is the master key to your funds. Write it down on paper and store it in multiple secure, offline locations. Never share it digitally or with anyone.
  • Practice Caution: Be wary of phishing websites and fake wallet apps. Always download software from official sources like the Sia Foundation website.

How to Buy SC Coin?

SC is a utility token listed on several exchanges. For a seamless trading experience with high liquidity, consider using a major platform like BTCC.

  1. Register a BTCC Account: Sign up using your email or mobile number and complete the KYC verification to unlock more features and benefits of the platform.
  2. Deposit Funds: Deposit fiat currency (via bank transfer, card, or third-party payment) or transfer USDT from an external wallet into your BTCC account.
  3. Start Trading: Go to the trading page and search for the spot trading pair SC/USDT or the perpetual contract SCUSDT.
  4. Place an Order: Enter the amount of SC you wish to purchase and submit the order. For contract trading, you can also choose to go short (sell) and adjust the leverage multiplier according to your strategy and risk tolerance.
  5. Confirm Your Purchase: For spot purchases, check your personal account to see if the coins have arrived. For contract trades, check the trading page to see if your order was filled successfully.

How to Buy and Use Siacoin

Purchase Guide

Buy in just 4 steps (Register → Verify → Deposit/Purchase → Receive Coins)

  1. 1Register AccountUse email or phone number to quickly complete BTCC registration in under 1 minute.
  2. 2Identity VerificationComplete basic KYC verification to protect your account and assets.
  3. 3Quick TradeSupports credit cards, online banking and other quick purchase methods.
  4. 4Receive CoinsSiacoin is instantly credited to your BTCC account, ready for trading at any time.

Related Trading

Choose Siacoin products that suit your trading style

Thank you for your interest in BTCC. Currently, spot and futures trading services for SC are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.

Siacoin FAQs

How does Siacoin mining and its proof-of-work consensus affect SC supply and price?

Siacoin (SC) is the native utility token of Sia, a decentralized cloud storage network launched in 2015. Sia uses a proof-of-work consensus similar to Bitcoin's, and miners generate new SC by verifying transactions and producing blocks. Because Siacoin has no maximum supply, issuance is continuous, which creates persistent inflation pressure on SC.

Unlike Bitcoin's halving schedule, Siacoin does not rely on a fixed cap to drive scarcity. Instead, demand comes from renters paying hosts in SC for storage, while supply grows with every mined block. When network usage and storage contracts expand faster than issuance, price can rise; when inflation outpaces demand, SC tends to face downward pressure.

For long-term holders, the key variables are real storage demand, host economics, and whether the Sia Foundation can grow the ecosystem enough to absorb new supply. On BTCC, traders can express these views through SC/USDT perpetual contracts.

How do Sia network upgrades and ecosystem growth impact the value of SC?

Siacoin (SC) derives value from usage of the Sia decentralized storage network. When the Sia Foundation ships protocol upgrades, improves scalability, or expands the grants program started in October 2022, it can attract more renters and hosts. More storage contracts mean more SC is locked and spent on the network, which supports demand.

Ecosystem growth also matters. Sia competes directly with centralized providers like Amazon, Google and Microsoft, so adoption by developers, DeFi projects and storage-focused DApps increases the utility of SC. The 2025 rebranding and community initiatives are examples of efforts to raise visibility.

Unlike Ethereum-style networks, Sia does not use an EIP-1559 burn mechanism, so upgrades mainly affect demand rather than reducing supply. Traders watching SC should track network capacity, node count, hosted data, and grant-funded projects as leading indicators of long-term value.

Could a Siacoin spot ETF or institutional adoption drive SC price growth?

A spot ETF would let traditional investors gain exposure to Siacoin (SC) through regulated brokerage accounts, without managing wallets or private keys. For an asset like SC, which trades on roughly 127 to 130 active markets, an approved ETF could meaningfully broaden the investor base.

Institutional adoption typically raises liquidity, improves market depth, and adds legitimacy. Sustained inflows from funds, family offices, or corporate treasuries can create a steadier price floor and reduce the impact of retail-driven volatility. It can also encourage custodians, auditors and index providers to support SC.

However, no spot ETF for Siacoin is confirmed in the reference data, and approval would depend on regulatory clarity. Even without an ETF, growing institutional interest in DePIN and decentralized storage could benefit SC. Traders can position via SC/USDT perpetual contracts on BTCC while monitoring ETF-related news.

Siacoin vs Bitcoin: how does SC's decentralized storage model compare to BTC?

Siacoin (SC) and Bitcoin (BTC) are both proof-of-work networks, but they serve very different purposes. SC powers a decentralized cloud storage marketplace, while BTC is primarily a store of value and settlement network. The table below highlights the main differences.

DimensionSiacoin (SC)Bitcoin (BTC)
Core PositioningDecentralized cloud storage marketplaceDigital store of value and settlement layer
Supply ModelNo maximum supply, continuous issuanceCapped at 21 million BTC
ConsensusProof-of-work with file contracts and storage proofsProof-of-work, longest-chain rule
Main Use CasesRenting storage, hosting files, paying hostsPayments, value storage, collateral

In short, SC is a utility token tied to storage demand, while BTC is a monetary asset. Both can be traded on BTCC via perpetual contracts.

How do I set stop-loss and take-profit orders when trading SC futures?

On BTCC, SC/USDT perpetual contracts support stop-loss (SL) and take-profit (TP) orders, plus a trailing stop to protect gains. The logic depends on whether you are long or short.

  • Long position: place the SL below a key support level, the recent swing low, or a moving average you are using. Set the TP near a known resistance zone or the previous high.
  • Short position: place the SL above a key resistance level to cap losses if price breaks out. Set the TP near a support zone where price may bounce.
  • Trailing stop: use it to lock in profits as price moves in your favor. You can also move the SL to break-even once the trade is in profit.

Always size positions so a single SL hit does not wipe out your account, and remember that leverage amplifies both gains and losses.

What are Siacoin's current price, market cap, and 24-hour trading volume for SC?

The current price of Siacoin (SC) is $0.000999, with a market cap of $54.33529M and 24h trading volume of $8.853605M. The circulating supply is 56.03B (max supply ∞).

Because Siacoin has no maximum supply, its fully diluted valuation tracks closely with circulating market cap over time. Price, volume and supply figures update in real time as market conditions change.

To see live quotes, depth and funding rates, visit the SC/USDT perpetual contract page on BTCC. The order book there shows current bids and asks, which can help you plan entries, exits and stop levels around real liquidity.

What are the core drivers behind Siacoin's SC price movements?

Siacoin (SC) is influenced by three main layers of drivers:

  • Supply side: SC has no maximum supply, so continuous mining issuance creates inflation. Staking-style lockups do not exist on Sia, but storage contracts lock SC for up to 90 days, and exchange reserves affect available float.
  • Ecosystem: network capacity, node operator count, hosted data volume, and grant-funded projects all reflect real usage. Growth in decentralized storage demand versus centralized providers like Amazon or Google can shift sentiment.
  • Macro: Federal Reserve rate decisions, global liquidity conditions, ETF net flows across crypto, and regulatory developments in the US and EU all influence risk appetite for altcoins like SC.

Traders on BTCC often combine these fundamentals with technical analysis on SC/USDT perpetual contracts.

What are Siacoin's all-time high and all-time low prices for SC?

The all-time high of Siacoin (SC) is $0.111708, reached on 2018-01-06 18:05; the all-time low is $0.000011, recorded on 2015-12-01 06:05.

These extremes frame the full volatility range of SC. The drawdown from the ATH illustrates how cyclical and sentiment-driven altcoin markets can be, while the distance from the ATL shows the long-term upside captured by early holders.

For traders, ATH and ATL levels often act as psychological reference points. Price behavior near these zones can signal accumulation, distribution or trend continuation. To inspect the full-cycle chart and historical candles, open the SC/USDT perpetual contract page on BTCC and switch to the daily or weekly timeframe.

How do I read Siacoin's SC candlestick chart for futures trading?

Reading a Siacoin (SC) candlestick chart starts with the basics:

  • Candle anatomy: each candle shows the open, high, low and close. The body is the range between open and close; the wicks show the extremes reached during the period.
  • Support and resistance: horizontal zones where price has repeatedly reversed. These are common areas to place entries, stop-losses and take-profits.
  • Moving averages: MA and EMA lines smooth price and help identify trend direction. Price above a rising MA often signals an uptrend.
  • RSI: above 70 is typically overbought, below 30 is oversold. Divergence between RSI and price can warn of reversals.
  • Volume: breakouts above resistance or below support are more reliable when confirmed by a spike in trading volume.

Combine these tools on the SC/USDT chart on BTCC before placing futures orders.

How can I profit from a Siacoin price drop by short-selling SC?

You can short Siacoin (SC) without holding any spot SC, by using BTCC's SC/USDT perpetual contracts. The idea is simple: open a short position at a high price, then close it (buy back) at a lower price to lock in the price difference as profit.

This gives traders a two-way opportunity. In bear markets or during pullbacks, shorting lets you profit from downward moves instead of sitting in cash. It also lets you hedge a spot SC position without selling it.

To manage risk, always set a stop-loss above a key resistance level and a take-profit near support. Because perpetual contracts use leverage, losses can exceed your initial margin if you do not use stops. Start with low leverage and small size while you learn how SC behaves during volatile sessions.

Can I trade Siacoin SC perpetual contracts with high leverage?

Yes. BTCC offers flexible leverage on Siacoin (SC) perpetual contracts, up to 50x on the SC/USDT pair, subject to platform risk rules and position limits. Higher leverage means you can control a larger position with less margin, but it magnifies both gains and losses.

A 1% adverse move at 50x leverage can wipe out a large portion of your margin, so risk management is essential. Beginners should start at 2x to 10x and always attach a strict stop-loss to every trade.

Before increasing leverage, practice on the BTCC demo account with virtual funds, and review the margin mode (isolated vs cross) and liquidation price shown on the order panel. Treat leverage as a tool for capital efficiency, not as a way to chase oversized returns.

How can I practice trading Siacoin SC with a free demo account?

After registering on BTCC, you can switch to Demo Trading mode and receive virtual funds, such as 100,000 USDT, to practice without risking real capital. The demo environment uses real Siacoin (SC) market data, so prices, order books and funding rates behave like the live market.

In demo mode you can practice:

  • Adjusting leverage on SC/USDT perpetual contracts.
  • Placing market, limit and conditional orders.
  • Setting take-profit, stop-loss and trailing stop orders.
  • Testing long and short strategies during different market conditions.

Once you are consistently profitable in the demo account and comfortable with the interface, you can move to live trading with a small amount of real capital and low leverage.

How do I buy and trade Siacoin SC step by step?

Follow these four steps to buy and trade Siacoin (SC) on BTCC:

  1. Register and complete KYC: create a BTCC account and finish the 4-step identity verification process.
  2. Deposit USDT: fund your account via card or by transferring USDT from an external wallet.
  3. Open the SC/USDT page: navigate to the SC/USDT perpetual contract trading page.
  4. Place your order: choose margin mode and leverage, select Long or Short, set your stop-loss and take-profit, then confirm the order.

Start with small size and low leverage while you learn how SC moves. Always use stop-loss orders, and consider practicing on the BTCC demo account first if you are new to futures trading.

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