Signatum GPU Hashrates and SIGT’s Future
Signatum’s market is up 37% in the past 24 hours, the difficulty is increasing at a fast rate, and since the BTC fork it has increased from 600sat to now 1550sat. The growth appear highly organic, as the volume is increasing steadily and there are no thin walls in the buy or sell orders currently. The current 24 hour volume is around 104 BTC, the second highest on Cryptopia, only exceeded by BitcoinCash.
If you are only interested in the GPU hashrates of Signatum, please scroll to the bottom of the page.
How about more exchange sites?
Bittrex has been in the cards for Signatum for some time – but getting listed on Bittrex is notoriously difficult as they are known to be picky. Getting listed on their exchange has no public vote nor can you pay for it – you simply need time, a strong community and a solid project for them to take notice. They only select the most solid long term projects out there – and that takes time to show. With the exceptionally good volume performance of Signatum, it is becoming a coin that is very difficult for Bittrex to ignore. Bittrex appear to be taking notice, as they followed Signatum on Twitter on the 3rd of August. Bittrex only appear to follow projects that they consider listing or have already listed – therefore we can take this as a very strong positive sign that they are contemplating Signatum – that Signatum is on their radar.
Coins on Bittrex typically get around 10x the volume as they do on Cryptopia and since Signatum’s BTC volume is currently the second highest on Cryptopia at 104 BTC (only topped by BitcoinCash), we could be seeing the volume on Bittrex increase to as much as 1,050 BTC – which would have a significant impact on the trading price of the coin. Basic economics state that the higher the demand against its limited supply, the greater the price. Seeing as only about 10% of all coins in circulation are up for trading on Cryptopia, many miners are still deciding to keep their coins for a better day.
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Signatum was recently listed on BitInfoCharts. Now you can therefore easily track the price development over time. This furthermore contributes to the long term value of the coin as it ads validity, exposure and awareness. You can find Signatum on BitInfoCharts here: https://bitinfocharts.com/signatum/
Being listed on What-to-mine typically has a significant impact on how many people engage in mining a specific coin. So far that appears to be the case with Signatum as well – as the value of the coin showed positive movement. The profitability of mining the coin increased significantly, to the point where it was more appealing to mine at today’s value than the all-time giant Ethereum. This is no small feet, as Ethereum has been the king of GPU mining profitability for a very long time and is largely the reason that GPU mining has seen such a rapid uptake recently. However, if one take into account the potential long term evaluation of the Signatum instead, by looking at all the facts such as 1) the growing community 2) appealing roadmap and 3) dedicated developers, one start to see that holding the coin for longer may be a much better idea than dumping it immediately after mining. I personally always mine with the long term perspective in mind, as otherwise it is simply not appealing to me at all. Why would I sell at today’s value if I estimate that there is a high probability that in the future it would be worth more than 10x as much as today’s value?
- You can find Signatum on WhatToMine her: https://whattomine.com/coins/191-sigt-skunkhash
The roadmap of any coin is a very important item to be able to evaluate the longevity and future potential of any coin. Signatum has had their Roadmap released for a while and elaborated on it via their White-paper released on August the 1st and on Reddit.
There are some interesting elements on their roadmap of which my personal favourites I have highlighted in bold (taken from the Reddit post – the first three items have already been delivered, they are now working on bring the Marketplace to life);
Project dedicated explorer (to be released as OpenSource under GPL) – completed 24th July 2017 Whitepaper Update Website
- Signatum Marketplace: Enables people and companies to sell products and services around the world, using Signatum as a currency.
- Better Anonymity network with more Tor nodes: To increase the healthiness of the network and to increase anonymity even further. As of today, (26th July 2017) 261 nodes are already up and running.
- Signatum Web Wallet in NodeJS: This makes SIGs easily accessible for transactions from anywhere in the world.
- SignatumPay: Creating a SignatumPay feature enables merchants to connect directly up to Signatum and utilize it as a payment option. Combining this feature with SIGs fast transaction speeds, will make the currency more than ideal for merchants to utilize it as a payment option.
- More Exchanges
- Signatum Crowdfunding platform: Crowdfunding through cryptocurrency is becoming more popular and as a result, Signatum aims to create a fair and balanced crowdfunding platform, where investors and entrepreneurs are able to raise funds for their projects.
- Plan & Build a Signatum Foundation – suggested by community member Mr. Rick: more details will be revealed at a later stage.
- Signatum Exchange
I have highlighted the specific elements for one particular reason; they all provide Signatum with real-world application. For me personally, that is what make it stand apart from hundreds of other coins on the market. Most coins are launched with no particular real-world application in mind, which greatly limits its potential. The development team have been sharing regular updates with the community on Discord, and are currently hard at work to deliver the Marketplace.
- You can find the white paper here: https://signatum.io/
- You can find the Reddit Thread highlighting the Roadmap here: https://www.reddit.com/r/Signatum/comments/6qb50q/signatums_roadmap/
Block Reward Soon Halving
The PoW period of Signatum will last until block 100,000 has been mined. Signatum’s block is at the time of writing at 24,963. Currently it is increasing by approximately 1,000 blocks per day – which means that we can expect the coin production to halve in just about 5 days (around the 9th of August). This will reduce the coin reward in mining to 1,250. The coin’s price is moving up steadily in relation to this halving, meaning that your profitability will not be impacted as long as the coin’s value continue to rise – as it is.
Signatum GPU Hashrates for Nvidia and AMD
|GPU||Performance (MH/s)||Last Updated||Buy on Amazon||$ per 1 Hashrate|
|GTX 1080ti||45 – 50||3rd August 2017||$769.99 / £699.24||16.00 – 17.78|
|GTX 1080||35.0 – 38.5||3rd August 2017||$499.99 / £499.99||15.42 – 16.96|
|GTX 1070||25 – 31||3rd August 2017||$429.00 / £404.99||15.16 – 18.80|
|GTX 1060 6gb||18 – 19||3rd August 2017||$325.99 / £289.99||17.16|
|GTX 1060 3gb||18 – 19||3rd August 2017||$238.38 / £189.99||15.44|
|GTX 1050 ti||10 – 12||3rd August 2017||N/A||N/A|
|GTX 970||16 – 18||6th August 2017||N/A||N/A|
|GTX 970ti||4||3rd August 2017||N/A||N/A|
|GTX 980ti||28 – 29||3rd August 2017||$689.99 / £595.99||21.42|
|GTX 960 2gb||N/A||3rd August 2017||N/A||N/A|
|GPU||Performance (MH/s)||Last Updated||Buy on Amazon||$ per 1 Hashrate|
|Rx 480 8gb||15 – 18||3rd August 2017||$509.00||28.28 – 33.93|
|Rx 480 4gb||15 – 18||3rd August 2017||$399.99||28.28 – 33.93|
|Rx 580 8gb||16||3rd August 2017||$479.99||30.00|
|Rx 580 4gb||16||3rd August 2017||$355.85||30.00|
|Rx 570 8gb||15||3rd August 2017||SOLD OUT||N/A|
|R9 Fury X||N/A||3rd August 2017||SOLD OUT||N/A|
|R9 295×2||N/A||3rd August 2017||N/A||N/A|
|Rx 470 4gb||15 – 18||3rd August 2017||$339.00||18.83 – 22.6|
|R9 390||9 – 10||3rd August 2017||N/A||N/A|
|R9 270 2gb||Not Mineable||3rd August 2017||Not Relevant||N/A|
|R9 280||Not Mineable||3rd August 2017||Not Relevant||N/A|