Bitcoin Forum

Storj - a decentralized, end-to-end encrypted cloud storage that uses blockchain technology and cryptography to secure your files.
Users act as decentralized cloud nodes essentially.
https://storj.io/index.html (https://storj.io/index.html)

Siacoin - a decentralized cloud storage platform that uses a blockchain to facilitate payments. You can rent storage, get paid host files, mine Siacon, or contribute to the project.
http://sia.tech/faq/ (http://sia.tech/faq/)

I am not favoring one over another, but am rather more interested in how the community feels about each project. The two projects seem very similar or nearly identical, which has contributed to my confusion in distinguishing one over the other. What are the pros/cons of each?

These two projects, how about adding a third one, that Dotcom followup of megaupload. They mentioned Storj as a component once on their roadmap but the current state of development lags behing everything.
The buzz is back on BTCs to fuel it. That would degrade both beeing second class only.

i have same question as you,,
so i will wait somebody can answer and explain this question with reasonable answer,,
regards

MAIDSAFE can also be used for data storage.


Megaupload 2 isn't a competitor of these projects, it's supposed to use them for storage instead of 'traditional' data centers.

They are now using some bitcache thingy which is either a fork or a totally useless mechanism. I do not trust someone who does not even know how to use screen recording software for examples lol.

On the main topic, maidsafecoin is fake in my opinion, claiming to be in progress and in beta for years already? No news other than news from bagholders about "Remember maidsafecoin coming out soon, buy your coins! " LOL

On storj, it is much more expensive than siacoin, also less noob friendly.

Sia isnt exactly noob friendly but it is so much easier. And there are inbuilt mechanisms by sia to make prices more or less the same cheap prices even in the long run, with hosts that burn coins actually getting more credibility.

For what it's worth, i set up Storj software for renting out hardware and it was a pretty easy process & "noob friendly" in my opinion. As of March 13th, 2017 Storj is out of beta http://blog.storj.io/post/158359154453/storj-comes-out-of-beta

According to this article, Siacoin has been out of Beta since June 2016 http://allcoinsnews.com/2016/06/07/siacoin-surges-as-sia-plans-to-come-out-of-beta/

Can you explain a bit more on how Sia isn't exactly noob friendly, but its much easier? I feel like that's a contradicting statement.

On one hand, Storj acts mostly like Amazon Simple storage service in the broad sense that you setup an identity , link allowed devices, get buckets, upload files to buckets. Non noob friendly in the sense that normal non it savvy users would not even be touching storj, or understand what is a key ring or the command line for that matter, maybe things will change when the ui comes out (not that I know off, if there is, please link me).

On the other hand , siacoin is non noob friendly in the sense that it requires the renter to have coins in their wallet, this portion may be a problem for some non-savvy people to get the exchange from fiat to sia, although there is shapeshift for instant conversion from other alts. Maybe a user can do USDT > SC.

It is noob friendly in the sense that every person understands contracts. You go to a library to borrow a book, you sign a contract that you will return book in said number of days. Say we have a private lib in real life that users have to pay $50 a month to get membership, whereby books have a 30 days return limit.

Sia works in the reverse library scenario.

In reverse library , the current library is on fire. The library user becomes the file hosts and the library the guy looking to store files. Reverse libary in the sense that the lib pays the user instead for the user to protect books from the burning library. The contract still exists. Just that if the library has not found a new location to store his books, the files belong to the user after contract is over. If library has enough space and has setup a new location, he can request the user to return the book anytime.

Also noob friendly in the sense that other than the inital funding portions, everything else is like dropbox

Great info. I had fun reading the comments and I would love to read more. I bought some SC the other day and I plan to hold this for a long term.

One thing worth mentioning is that the Storj Dev team controls I believe over 80% of the coin supply (forget the exact amount but it was a wide majority).  Sia however has been mined fairly for the most part and is more fairly distributed, they do have the Sia Fund coin (not listed on exchanges and given out to early investors and many to the devs as well) which distributes ~3.5% mining rewards of sia to the holders; overall though it is not a huge amount of coins going to any one party through that, certainly much more fair than a majority pre-mine.

If anyone wants to clarify these figures please do, I don't have the time to go digging right now.

storj and sia coin is same good coin,
siacoin shortage total suply is very big, until reach 24 billion coin , so very dificult can get incraese very high price
storj  shortage use counterparty asset, many people not like counterparty asset because fee sending is high and long time confirmation transaction

I have been a longtime supporter of data storage tokens, such as MAID, SJCX, and SC. I think they are a great idea, and can reduce storage prices compared to centralized competitors that need to pay for data center space (which is very expensive). However, at the present time I am not really impressed with the state of these coins.

1. MAID seems to be in a perpetual vaporware state. Who knows if it will ever come to fruition...

2. SJCX and SC are both operational, but there is little to no demand for the services. I recently (the past couple day) looked into a few ways to profitably utilize my extra hard drive space. The amount of demand for SJCX and SC storage space left me quite uninterested in these projects. Maybe demand will pick up and slowly grow over time, but I think it may be years (closer to 5 to 10 years) before they gain traction- if they do at all. So, I have taken them out of my portfolio, as I think they will stay at or under their current valuations for some time. The demand just isn't there for these services.

I decided to mine Burst with my extra HD rather than fool with Storj or Siacoin. I am only expecting to make something like $3.50 a month (the HD is just under 2 TB), but it is free money and I might as well do it because it doesn't use much power and I don't need as much storage space as I have.

SJCX is going to migrate over to eth tokens, new gui for renters is also coming out soon!

MR. STORJ ANSWERING (?) NEW TOKEN QUESTION......

https://youtu.be/R_w1jWAmlPM?t=12m37s

Got burnt speculating on sia... at least with maidsafe I was able to recoup

Sia works today. It is battle tested and is constantly improving. It is more a grassroots crypto like Bitcoin.

Is Storj even launched in mainnet?

For a moment I thought you had time-traveled. Just because Storj does not advertise that much does not mean that it is not launched yet. What do you even mean by mainnet, storj tokens are used as payment, not the main service itself. It has been in general availability for months and there are already people using it as a S3 storage replacement. There is even a free small limited plan for the first year with 25GB storage and bandwidth

Launched in mainnet means one can use decentralized storage, the main purpose of these two coins. This has been true in Sia since summer 2015.

If you can do that in Storj, great. Sia has an edge being there one year before Storj and having done more improvements and fixes.

They also have different approaches to decentralized storage which was explained in an article dated from one year ago for that I don't have a link right now.

Sorry for bumping but I am also interested. It looks like both have made improvements over the last months.

I would love to hear more reviews and experiences of offering hosting using these two services. Are there enough clients to rent the space you offer or will you have to wait for a long time before you get any earnings? How much can you earn in a month?

I think what holds back people on storage projects like these , is that you have no idea what kind
of data gets stored on your physical devices, it could get you into trouble or at the very least make you
into a target for denial of service type attacks. ( ex. a competitor taking you out so he wins more contracts in the same geo region ? )

Ok but in my humble opinion getting attacked by someone else using same service sounds as far fetched as a utorrent user ddosing another utorrent user to get more ratio on the private tracker he is on. Its possible to do but not really worth the trouble.

Regarding not knowing what you have on your drive, isnt there some kind of TOS in place that frees you from responsibility? The data should be encrypted in a way that it would not be possible for you to check what is on the drive so you cant be responsible for not removing it. I imagine these are the same issues dropbox and googledrive and the others have, and I doubt they would get into trouble for what the users put in their folders. But I might be wrong who knows.

They are both shit. Siacoin devs want to hardfork to add some billions of coins into their own wallets. Storj is an ICO from the devs that brought other useless ICOs. Besides, Factom is already up and running and has been getting the job done for quite some time now. Who even needs/actually uses these?

I'd personally stay far from Storj after reading this: https://www.reddit.com/r/CryptoCurrency/comments/6mop66/storj_developer_quits_after_30m_ico_and_launches/ (https://www.reddit.com/r/CryptoCurrency/comments/6mop66/storj_developer_quits_after_30m_ico_and_launches/)

Thank you for sharing this! I have been thinking to invest SIA or Storj, but now I need to investigate more.

Did a lot on research on Sia, StorJ and Maidsafe - Sia is my favourite by far.

• Great, transparent team with good roadmap (Seriously, there is no other project-lead with such great community interaction)
• Nameworthy investors backing the project (Li Xiaolai just gave them a 400k grant to expand their team https://sia.tech/2017grant/ (https://sia.tech/2017grant/))
• Mineable, no ICO
• Upcoming ASICs to strengthen network
• Rising development on top of the Sia network (eg. MineBox with HP cooperation)

In my opinion definitely a Top 10 coin in 2018 - I can only recommend to check out their reddit /r/siacoin.

That info is wrong.
This was a post from a dev who was thinking out loud of how the team could raise funds. This was never an official statement nor a team expression.
The Sia Devs are very open in communication, in this case maybe a bit too less sensitive.

Three days ago they got a grant and announced in Slack:
“Nebulous has received a generous grant from INBlockchain, to be used for the development of Sia. Li Xiaolai quotes: "don't worry about money, just have things well done".As a part of this grant, we are committing to not forking the blockchain to fund development, now or in the future."
 http://sia.tech/2017grant/ (http://sia.tech/2017grant/)

Thank you guys for your replies and opinions!

I think that the success or not of the coins has to do with the "usability" and how easy and effective it is to setup and use so I would still love to hear from someone that actually uses these services on a daily basis.

The fact that devs even considered hardforking cash into their own wallets is a very huge red flag. I don't see how many members of the community were blindly supporting this because "The devs know best!" I can't get behind that kind of mindless support.

Is there anywhere to see usage stats for both?

Siacoin, they have a workin product.

I totally agree, siacoin is a great company and is my favorite

thats my opinion too.
buy and hodl this coin!!!

LOL! All that guy did was talk shit and embellish and now he just up and quits, what a riot.  And this kids, is why you always choose the coin with fairer distribution, the devs for those projects generally have a lot more conviction.

I love siacoin. I made great earnings with it.  Bought at 20m marketcap and sold at 300m market cap.  Bought back during the crash.

I don't buy Sia or Storj. Buy Shift and thank me later. ;) Shift is the new web. Decentralized and versatile.
Combining a blazing fast, dApp-ready, delegated Proof of Stake blockchain with the interplanetary file system - for a
decentralized, resilient and highly extensible web 3.0 platform. Building the new world wide web. Just better.

True, shift will probably grow like sia.

+1

People don't understand this. If you want to be a millionaire you should find a coin that nobody talks about. You should find a coin which has huge potential and cheap. Shift has cheap price right now.

wow truly perfect explanatory

Are you know with an altcoin still cheap as Sia and can mining GPU, when have Asic mining is bad ways and making the price can breakdown by inflationary? And we not know Siacoin how many coin can supportly on market, not have limit and can creating everytime lol

I personally use SIACOIN as preference mainly because of it's user-friendly UI.

What? Sorry, but your English is horrible... I guess the two points you want to criticize are ASICs and inflation?

I really don't want to explain all the benefits of ASIC mining here, but shortly it means more network power and higher security.
The Sia team did their best to make the ASIC presale as widely distributed as possible, to avoid centralization of hashing power.

About inflation, Siacoins are burned as collateral, which is actually deflationary.
True, there will be further coins mined without a overall cap, but Sia said that the inflation the next years will be ~2%, that's less than Bitcoin has.

From a client & price perspective

for 1TB, prices per months:
Storj price = $15 for storage + $5 for bandwidth (0.1 TB)
Si price = $2 for storage + $1 for bandwith (amount not disclosed)

Sources:
https://storj.io/pricing.html
http://sia.tech

Basically, Storj is 5 to 10 times more expensive than Sia...

Luckily i didnt buy much Sia coin :D still maybe in 5 years or so ^^

I have a question about Storj Coin. I participated in the new ICO a few months ago. Now I have some coins.
I also have some STORJ X on Polo, are these different? Can I transfer the X coins to a MEW?

https://docs.storj.io/v1.1/docs/migrate-tokens-from-sjcx-to-storj

Storj and SIA are for different purposes and have different applications. SIA is more for backups and Storj more for fast object storage.

No, you can't do that, because the pair code two coin is different, although the name and the price quite similar. But I don't know the coin STORJ X can store on MEW or not, you can try find some blog talking about add STORJ X to MEW on google ;)

Thanks for bringing this up! Looks good, although I sold all of my SIA few weeks ago. Well, it's goot time to pick it back up now!

I think Storj will prove itself and gonna beat Siacoin. I plan to use both in future. I believe they will both release finished/useful product in the end.

Didn't you read news about devs leaving Storj, some of them starting new storage project, etc...? Apparently they have some internal issues.

Alright one of them is much easier to use

Better to hardfork or come up with a solution than start an ICO ( and leaving the team like what happened at Storj ) .

Second this team is engaged with the comunity and their roadmap really looks brilliant  ,

https://trello.com/b/Io1dDyuI/sia-public-roadmap

Last but not least i wouldn't trust Vaporware nor a so-called decentralized network that once 1 node dies the rest dies along with it like what happened with Storj,

https://www.reddit.com/r/storj/comments/6vg2r3/storj_network_down/

You people need to start reading into stuff before coming out with fantasy statements

I think Storj is overvalued. Also the services they offer are expensive compared to Siacoin. Siacoin has been around from quite long and trusted. Lots of investor still think it hasnt shown its true colors!

What about FileCoin ?? It seems to be a direct competitor to SIA and Storj. Does anyone know the difference ?
Also MaidSafe Coin seem to have the same purpose than Sia. What do you think about it ?

you simply download some software and pointed at your hard drive for since and let it run, but the drawback to that is that you don't really see the payouts until a month later.

Since most of you people cant distinguish blockchain from cryptocurrency and its uses here's something usefull other than "Sia was low and i lost my pants, Storj is better..."

Sia isn't meant to make you win a quick buck, its a token used to fuel the hosts and the contracts, its a means to reward the miners and the hosts providing the service. You can practically do everything with SIA since they are improving their project that goes way beyond Backups, if you look at their Roadmap they have everything a good service should have, backup, streaming support, file sharing in all its uses.

Its a project with a team that is growing and making it better, they aproach the aspects of the token yes but they give more attention to the usefull part instead which means its a solid thing with legs to walk and a bright future ( too bad most of you people have no clue about the dimension of what they are doing ) because it will compete directly with services like AWS, Azure and every other big name out there.

Their coin ( for the greedy ones that can only read coin ) will be bound to hit 0.2...3ish which in itself is good because this provides for cheap reliable storage.

The system is improving and these guys really deserve the support of the comunity because its that good a project not just because you can profit a couple cents in the short run.

Storj is more like the dropbox of the blockchain projects, they are after money which in itself isn't bad but it doesn't mean they are special either.. their system is prone to crashing and these guys focus too much on economics when they should focus on providing something actually innovative ( which they don't )

Don't get me wrong, Storj is ok but nothing special and its expensive and rushed in comparison to Sia.

The rest of the coins, Maid and File are both poor projects, one has the inklings of a Scam while Filecoin is a scam.

And finally, to the people saying Kim Dot Com is making something and its good... Its not, hes a scammer, and as soon as the americans get their hands on him, he and everyone associated with him will be in trouble, that idiot claimed publicly that his service can be used to trade classified info using the blockchain storage projects so that means trouble for all of us while that idiot is on a crusade to fill his pockets.

Now sia on the other hand has a wallet where you see payouts information about your infrastructure very quickly and very easily but the software itself can be kind of complicated to set up as far as payouts I have no idea which one is better than the other because all we've done is really play around with it.

November 30th - UI Update Sia Client 1.4.0. Software itself will be much easier to use! Plus more updates like File-Sharing. November is a big month for Sia!

I gave up mining SIA a while back (and switched to a non storage based coin) simply because, I don't see a future for it. I can't see any large company wanting to go through the hassle (and risks) of exchanging cash for SIA then using it to buy storage. Currency fluctuations can have big effects on profitability (Lots of UK businesses after Brexit have seen profits squeezed, or even wiped out after GBP took a dive) Why would a large company already at risk of currency fluctuations increase that risk by also getting involved with crypto markets, and with something as important / essential as storage?

With high speed networks, falling SSD prices (and increasing capacities) along with super reliable HDD's does SIA really have a large scale customer out there? Perhaps content creators could find a use for SIA as an alternative back up space - but the likes of a large multinational with huge storage requirements would probably already have their own facilities in place. Honestly, I don't see enough small scale users to make up the difference.

So, that's why I got out - I don't think the demand will ever match the supply. I think it's important to have faith in any project you're investing in (whether it's buying coins or using resources to mine them, it all counts as an investment!) - I have a great deal of respect for all those who do believe that there's a future for SIA - perhaps you can see something I can't... (or maybe you are just smarter than me!) - however, for me - I think there are better options out there.

I came to a similar conclusion:


Good point about token value fluctuation being a hassle and risk. This can potentially be an issue with all utility tokens. One way around this though is if Atomic Swaps (or similar Shapeshift-like service) are implemented on the utility token, and then they are only purchased and used immediately... practically negating fluctuation risk/hassle. A working "stable coin" with Atomic Swaps is necessary though... something like bitUSD, Nubits, or Tether.

Interesting point. But rare coins already have use. Most coins price goes up by speculation how useful will be in future. If it will be 5 years from now then 5 years.  I sold my SIA when reached 500 satoshi. Now still trying to buy back. But I am mostly broke and can afford only small batches from time to time.

;) I thought to buy siacoins and after reading this topic I understood that projects like Storj and Siacoin is more for using, not for investing to get profit. Thank you all for this information!  ;)

yeserday SC has a big rise and now is Storj, i think the coin market is more and more likely to the stock market, which has the segmented market, like these two are store concept

Please correct in the topic title it is STORJ not SJCK. Anyway I think storj has more use cases and good potential than Sia coin. Storj also has many big companies as their partners. Sia has been here since many years but still it didn't proved what it is actually. But we must use these projects if they want to go big.

Thank you very much for amazing explanation.

I think Story is older then SIA, but i could be wrong. They are both few years old projects so dont really matter which if few months older.   Partners in Crypto as in most cases just a marketing things. All you need is good team with good vision and good project. SIA has it all.

read the news that Google invested its funds in Storj, as for me it is already an indicator!

Those stories are usually just bunch of bull shit. Alliances, partnerships, investments, ...    In 99.9999% cases is just a coin marketing. Or not even a coin marketing but a marketing of few whales to be abel to dump at higher price.

SiaCoin is getting strong again,. Far over 100 satoshi. While it was under 50 satoshi was a paradise.

All I can say is I am pretty happy I held onto my SIA right now with the way it's been climbing lately, looks like it's finally starting to take off!!

right!

and the new wallet version 1.3.1 is out now  ;D

as Febo said, 99% of the times are just empty bullshits about investing, partnership etc..siacoin have a much stronger reall supporters and users, on long term sia will eatup all the other competitors wich only exist on a whitepaper. Siacoin dev team have done a very good job and showned to be honest. You cant find that very easy this days.