Is not the growth of the "company" (Nebulous Inc, the company of the developers) what those graphs mentioned by the other user are talking about, but the organic growth of the Sia network. Price charts of coins are totally unrelated to the status of a network or project, and this is specially true for Sia, where the price can be going down but every other network health indicator goes in the opposite direction. Price charts only represent the mood of investors.

Wall Street investors don't make decisions based exclusively on the price charts: they check quarter reports, figures of internal growth, international expansion, operational milestones... Good investors will buy when everybody else is selling because the have access to more information. Crypto investors should be doing the same thing and get more information than just the price charts of the exchanges.

For whoever is interested in these other indicators about the Sia network, I own the website https://siastats.info . I am an independent developer not related to Nebulous. Check charts like active contracts, total contracts, transactions, used storage... all of them show a grow in the use of Sia and a healthy network. Check also the monthly community updates and tri-annual updates on the Sia official blog.


Just google "Sia GitHub" ad you'll find it. Quiet? Absolutely no. For instance, check this development report from yesterday https://www.reddit.com/r/siacoin/comments/78nr20/development_and_progress_update/

The three bounty programs so far have been fulfilled. From the recent ones: Duplicati is already integrated on the main software and Minio will be added by Minio developers to their official release very, very soon.

The dev team is currently busy overhauling the whole renting experience. Not only that: as they are rewriting the whole code renting, they are adding all the code necessary for the future updates, so they are actually settling everything for all the upcoming features of Sia. If you want to be more in touch with what the core dev team is doing, check frequently the Reddit or the #core-dev channel of Discord. Or much better, the GitHub activity. This progress update from the CEO of Sia is from today, for instance: https://www.reddit.com/r/siacoin/comments/78nr20/development_and_progress_update/

This is the roadmap: https://trello.com/b/Io1dDyuI/sia-public-roadmap
This is the latest community update (last week): https://blog.sia.tech/sia-community-update-october-ecf673f41e96
Yesterday Sia reached the milestone of 100TB of stored data


Luxor.tech developers are working on a blockchain explorer

Yes you can, any address of your wallet is ok. Obviously don't send it to an exchange that is not accepting SiaFunds


Check also at bisq.io or in the #siafunds channel of Discord: last sell offer there was 1.8 BTC

I think you should read a bit more about a coin before claiming that a coin is juts a whitepaper and is not being used. Just take a quick look at https://siastats.info : The Sia storage network is currently offering more than 3 Petabytes of storage, and currently holds more than 70000 active file contratcs

That is impossible. Nebulous, the company of the core dev team, only pre-mined 100 blocks of Sia (we are currently at block 128000) and they control less than 1% of the total coins in circulation. No burning of their coins could affect the price.

Of course is being currently developed. The core team has hired a new developer and a community manager. Beta versions of 1.3.1 are being tested with HUGE improvements for the renters, like increased reliability or the ability to recover the files of your rented space only with the recovery seed of the wallet. Many more interesting features will come in 1.4 by the end of the year, like a UI revamping or file sharing. Check the roadmap: https://trello.com/b/Io1dDyuI/sia-public-roadmap/

The community of developers keeps developing apps in top of Sia, like two new file sharing services that use the Sia network (a third one very soon), a new mining pool that donates to the developers (mining.luxor.tech), a Sia distribution for Raspberry Pi or my own project SiaStats.info . Integrations with Minio and Duplicati are ready and working. Check this update from this week, for instance: https://blog.sia.tech/sia-community-update-october-ecf673f41e96


SiaFunds are the second token of the Sia network, and have been around from the very beginning. Their holders receive a dividend of the 3.9% fees charged on every file contract signed. It was an instrument to fundrise the project and keep the dev team incentivized to increase the adoption of Sia. Lean more about SFs here: https://siawiki.tech/wallet/siafund

Thanks @obszoenling and @steinkopf for those words. I really appreciate it  

Yes, Sia has APIs and they are awesome!: https://blog.sia.tech/api-quickstart-guide-f1d160c05235

To see how much you have earned so far, run a "wallet" command in the Terminal. Also, you can track how many dividends SFs are producing daily on https://siastats.info/siafunds.html

Yes, you need to wait the blockchain to sync or otherwise the siacoins you transfer for renting storage space will not show up in your balance.

And yes, there is a way around: try with a manual download, AKA bootstrapping https://siawiki.tech/daemon/bootstrapping_the_blockchain

Check either on the Discord of Sia in the #siafunds channel for OTC trading or on Bisq (https://market.bisq.io/?market=sf_btc).They have been trading for 2-3BTC in the last months


Try with a manual download, AKA bootstrapping: https://siawiki.tech/daemon/bootstrapping_the_blockchain


Update from yesterday: https://blog.sia.tech/sia-community-update-october-ecf673f41e96 . As they have already answered you, Sia is not Proof of Stake, it is Proof of Work. More info about why here: https://siawiki.tech/about/pow_vs_pos

Proof of Burn is not yet active, it is planned for next year. It will be a feature to prove that hosts are legit,thus avoiding Sybil attacks. No one can predict how many coins will be burned at a certain time: it will depend on how much each host decides to burn per TB and how many files are stored on the network. Thus, the chart is not considering PoB mechanics and it is showing the coin supply based exclusively on the block rewards (that is predictable)

Inflation chart just means what percentage of new coins will be in circulation 365 days after any time point. It is the same as the inflation indexes we see in FIAT coins. For example, checking today the inflation for the next 365 days is 25%. In other words: it will be an extra 25% of coins in circulation. In 2020 inflation will be under 4% meaning that in 2021 there will be a 4% more of coins circulating than in 2020. Again, inflation can't consider PoB as it is not predicatble, and it is purely based on the block reward.

Why so much supply? Sia developers strongly believe in Proof of Work as the mechanism to secure the network. You need a block reward in order to keep miners incentivized forever. However, as the block reward will be the same every year once it goings down to 30000, the inflation will be smaller and smaller (same new minted coins for a total supply that increases every year).

No there is no limit of coins in circulation: https://siastats.info/supply_inflation.html The number of mined coins decreases with every block, but the minimal will always be 30KS/block. However, this number will be less and less representative of the total coins in circulation: check the Inflation chart (second chart) on the link I provided.

Also take in mind in the future Proof of Burn mechanics will be used for hosts, so some coins will be burnt. With the proper adoption of storage, Sia can even become deflationary. Also, more adoption of the storage means more coins locked in contracts and collateral, so less circulating coins.


The average pricing a renter pays right now is $1/TB/month: that is close to nothing (compare it to the $23 of Amazon S3). Each host is receiving less than $0.50/TB/month. We can not ask hosts more efforts providing free storage. However storage providing companies that use Sia as a backend can offer free storage to their buyers and pay that part to the hosts. But this is something it should not be implemented at the network level


90TB currently: https://siastats.info/hosts_network.html

Start reading the Wiki, for instance these 2 articles:

https://siawiki.tech/about/introduction_to_sia

https://siawiki.tech/about/introduction_to_file_contracts

In top of those great news, I add two more:

- Minebox started shipping units last week. In a few weeks we should see an increase in network usage and number of hosts

- Looks like a small announcement, but it is actually a milestone: The developer @thegreatdb has released siacdn.com, a CDN using the Minio integration to offer storage on the Sia network. It is awesome, because it is the first storage service using Sia where you can pay in FIAT. Its users will not even need to know what Siacoins are to start using the Sia network


It is not so difficult to find, it is linked on the Sia's webpage: https://twitter.com/SiaTechHQ

Currently the strong competition among hosts has sunk the prices of storage, right, but in the future they can easily stabilize in a fair price good for both sides. Remember: it is the host who decides his own pricing. For instance, let's consider hosts ask for $1-2/TB/month

- For renters, after 3x redundancy, that is $3-6/TB/month, still considerably lower than traditional clouds (3-7x less than Amazon S3). Good business for them

- For hosts: You can find HDDs of NAS-grade quality under $25/TB (or even 20). That means a ROI of 1-2 years. Those disks are prepared for lasting 5 years or more. Unlike mining, when you host there is not a "difficulty factor" that increases over time reducing your earnings. Are you competitive in pricing? You'll get contracts forever. And electricity costs are irrelevant. A good NAS-grade disk consumes under 4-5W, and a whole system with 4x8TB disks for instance will consume less than 50W. ROI is long compared to mining, but it is a more stable and predictable business, so it is good niche for many, specially those that have access to expensive electricity

Including the 3x redundancy, the network usage in 3%. There are 3 Petabytes still available, and be sure hosts will add more disks, and new hosts will be attracted, as soon as the usage grows. BTW, encryption does not increase substantially the size of the file.

Oh, I am absolutely aware of that! And do you know how much are renters currently paying including the 3x redundancy? $1/Tb/month: https://www.siastats.info/storage_pricing.html . And $0.20/TB in bandwidth costs.

Besides, we were speaking about download speeds, not prices. And about speeds, having 30 hosts for each file means you have the combined upload speeds of all of them for your download

Nice for you that you have a crystal ball. I hope it is making you rich!.

I am not into betting. I am more into facts and data. And speaking about "no one using the Sia network", take a look at the evolution of active contracts: https://www.siastats.info/active_contracts.html

If you make a purchase in FIAT using Paypal (for example), of course you can present those bills. And there are already several developers working on those platforms that will accept FIAT for using Sia storage


Sia offers both:

- Reliability: collateralizing hosts they are incentivized to keep 97% uptime (otherwise they lose large amounts of Siacoin). Being only 10 out of 30 hosts required to retrieve the file (Reed-Solomon redundancy), 99.9%+ uptime for your files is guaranteed
- Cheaper: How many times are you going to insist on this lie? $1/TB/month is what a renter on Sia pays including the 3x redundancy (https://www.siastats.info/storage_pricing.html). Compare this to $23/TB/month in Amazon, $30 in Azure or $50 in Akami

And additionally to traditional services:

- Native encryption. No company or government will access your files
- Decentralization. No single point of failure or closing provider will terminate your access to the files

Do you know AWS asks for $10/Tb in bandwidth while Sia only $0.20/TB?   I have already presented twice the comparison in storage pricing


Are you going to debate these points like any reasonable user or instead you will ignore this and come back in a few weeks to tell the same lies and misunderstandings again and again as you have been doing in the past?

You are back, we were missing you and your FUD!!! It has been like 3 weeks without posting here, I was concerned about you 

False. So far 3.2 PetaBytes are available of which only 3% is being used (https://siastats.info/hosts_network.html). Hosts are not offering more space because the demand is still small. Let the demand grow and you'll see hundreds of hosts adding their storage to the network

False. Each file is spread among 30 hosts, and when you download, you receive chunks of the file from all of them at the same time. That's the power of distribution and decentralization

No need for it, you are missing the point. Sia is targeted to companies (they have IT teams) and to storage providers that will create cloud storage solutions user-oriented using the Sia storage layer. The final users will not see the Sia network or even know it exists

But you can give the receipts of your coin exchange. Besides, developers are creating applications on top of Sia accepting FIAT as a payment, doing all the conversion and Sia managing behind the scenes. Users will have no need to know what Sia or Siacoins are.

False. Storage price is independent of Siacoin price fluctuation, as hosts select their own pricing, adjusting it to dollar prices: https://siastats.info/storage_pricing.html. The companies just need to buy Siacoin on the go (or not if you read my previous points) and they will be paying the same final amount in dollars.

Just clean your glasses then. Cloud storage is a multi-billion business with a grow projection of several folds in the next years due to the increase use big media formats, streaming, AI and machine learning...

And then the destiny of your network would be tied to a different blockchain that you don't control, can collapse, can make operations extremely expensive due to Gas expenses and have a very concerning trend to hard-forking the network every few months. Some small tokens can do good inside an external blockchain. But big projects require their own blockchain for security


The thread is quiet because Bitcointalk is not an official channel. I recommend you instead checking the Discord or the Reddit


They have no need of fundraising right now: They have VC investors, grants, the operational benefits of ASIC manufacturing and now a mining pool (Luxor) that donates them. In the long term, they own SiaFunds as an economic incentive to succeed in the general adoption of Sia.

Check this guide for renting: https://siawiki.tech/renter/using_the_ui_for_renting. The estimated amount of storage you receive for your allowance is for 3 months. It includes auto-renewal by using more funds from your wallet (unless you decide to cancel it).


The supply will always increase, as the minimal block reward will be 30000sc. But if you check the inflation chart, that means less and less percentage over the total of coins in circulation every year, below 4% in 2020 for instance. But these predictions do not consider Proof of Burn (it is indicated in the legend at the bottom of the SiaStats link): in a future update hosts will need to burn (removing coins forever) some of their profits to demonstrate they are legit, so the coin can even become deflationary, depending on how many hosts are in the network

No, hosts decide their own pricing in Siacoin for storing data, and they adjust it to dollar prices. So the market value of the coin does not affect the pricing of the storage: If the coin goes up, hosts reduce the pricing, as they are competing with storage services as Amazon or Azure (that ask for a pricing in dollars)