The storage pricing is independent of the value of Siacoin, as hosts decide their own pricing, and they adjust it to dollar prices.

Hosting can be profitable if you choose carefully your hardware. NAS-grade disks can be bought by $25/TB, currently hosts are getting $1-1.5/Tb/month. So that is a ROI under 2 years (if they fill their disks with contracts), and considering those disks will last 5 or more years, it is not a bad business. Electricity costs are almost irrelevant, as an optimal disk will draw less than 3W

The release date is June 2018 or earlier, but they stated they would write an update about the design and manufacturing process this week or next week

The blockchain is about 7Gb. It takes about 3-4 days to download and verify blocks if you use a HDD disk, less than 5-10 hours on a SSD disk, and just a manual download and a couple of hours of verification if you do bootstrapping: https://siawiki.tech/daemon/bootstrapping_the_blockchain  

Looks like shipping is about to be started or even it just started already: https://www.reddit.com/r/MineboxOS/comments/72zrta/welcome_to_mineboxos/

This is a picture of their warehouse: https://twitter.com/mineboxHQ/status/913357304631894016

 

I can confirm he is the real Zherbert. I made a comment on Discord about his message here (we have a BTCtalk feed) and he answered he wants to say hello here

It is a big pleasure for me to introduce you the result of my efforts during the last weeks - https://siastats.info , a website full of charts, tables and metrics about the Sia network. Mining pools distribution, file contracts number, cost and size, average pricing of storage, transactions volume, indexes of hosts centralization… I created it for the community to have a tool for monitoring the health of Sia and for Sia-related companies or individuals that need charts to promote the use and adoption of Sia. Charts can be used without any restriction for any purpose (please just cite the source).

As you'll see, there are plenty of interesting parameters in Sia aside the market value. I encourage you checking the increase in the number of daily contracts (https://siastats.info/new_contracts.html) or the current average pricing for storing data in Sia (https://siastats.info/storage_pricing.html) (no competence can offer these pricing).

During the next weeks I’ll keep making improvements in the design, usability (right now it is not mobile-friendly) and I’ll add more contents. Please feel free to share it around and making comments!

Check here:

https://blog.sia.tech/psa-regarding-siacoin-on-exchanges-67c6b472525f

Yunbi is closing due to Chinesse regulations, Cryptopia never had any real volume of operations in Sia, and never asked devs for help with their issues.

While Bittrex is safe (I have seen some false FUD about Bittrex closing recently, I don't know where is it coming from), the safest place will always be a wallet in your computer

Seriously, don't you have anything else more interesting to do that going from one Sia thread to other to troll around, spread FUD, and then never answering when someone tries to debate with you that you are wrong? Because you have a long, long history of unanswered FUD posts on this thread...

LOL @0gantia, I am precisely working on a website showing all those Sia stats and metrics (30+ charts). It will be ready in 7-10 days if everything goes well, stay tunned. In the meantime, we have this graph from the last official tri-annual report (https://blog.sia.tech/sia-may-august-2017-update-8929f21c56f7):





No, they haven't said anything about selling their portion, as that would mean the end of the incentive to keep improving the adoption. There has been some debate I the past about making SFs divisible or not. Nothing definitive has been stated

The minimal amount you can offer is 20GB, and even if you have exactly 20GB, you are not going to get any contract as you will have a very heavy penalization for low free storage (a multiplier in your score of 0.00024 in the case of 20Gb) ... I am sorry 

Sia is not oriented to final costumers, but instead to enterprises and storage providers that want to use Sia as their storage layer instead of the servers of Amazon, Azure and so. Some services that accept FIAT an do all the Sia thing (exchange and protocol) in the background are being developed

You will need to download the blockchain, about 7GB. It can take longer if you use HDDs instead of SDD, but you can also do it faster with this: https://siawiki.tech/daemon/bootstrapping_the_blockchain

Yes, you need a to setup some collateral as a guarantee that you will keep the files of the renters intact during the contract time (default: 13 weeks) and you'll keep a good uptime (95-97% of time required as minimal availability). 2000SC is the minimal collateral to setup, but more is needed to host a full TB. All that is returned if you are a good host

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

Hosting average prices to be competitive are about 100-150SC/Tb/month (plus some extra in bandwidth pricing). It is profitable if you have already that space available or if you can purchase cheap HDDs. For instance, if you price at $1/Tb/month and buy disks at $20/Tb you do ROI in one year and half. Good disks are prepared to be functional for 5 years or more, so it is not a bad business.

Not form hosts, but from the renter's money used to form the file contracts (the allowance). A 3.9% of the whole file contract cost is deducted from the allowance and paid to SiaFunds holders. SF is a second coin in the network (https://siawiki.tech/wallet/siafund). From the total 10000SF, 8851 are owned by Nebulous and the rest was sold 2 years ago in the initial IPO. As Siacoins were never strictly pre-mined (only the first 100 blocks), SFs are the only income source of Nebulous, and a tool to encourage them to work for increasing the adoption of Sia, as they will not be really profitable until the use of the network increases.

The other consensus folder is inside where you installed Sia, in the following path: \Sia\resources\app\Sia\consensus

If you are using version 1.3, The actual blockchain (7.3Gb) is stored there instead of %appdata%. Try to do the bootstrapping there

Alternatively, if you need to run Sia exclusively on a different drive without using %appdata% folders, even just for temporal drives, you can download the Daemon instead of the UI from Sia's webpage, and it will run exclusively locally on the folder you uncompress the zip file. But you will only be able to use Sia in a command line interface, not using a UI

There is a second consensus folder located inside the installation folder. If I am not wrong, in version 1.3 the raw blocks are first downloaded to the %appdata% folder, and once they are validated they are moved to the consensus folder of the installation. Once the sync is complete, you will end up with a very small %appdata% folder.

If you want to accelerate the sync, do bootstrapping (https://siawiki.tech/daemon/bootstrapping_the_blockchain) the canonical way is downloading the file to %appdata%, but I have seen people downloading it directly to the installation folder. You could try either way

If you are using the last version 1.3, the blockchain is inside the installation folder (the one you uncompressed for installing Sia), so you can just move the entire installation folder somewhere else. There are also some folders stored in %Appdata% (/users/your_user/appdata/roaming/Sia-UI) but they are actually very small and should not be moved, or otherwise the client will "forget" your current wallet and even lose files if you are hosting or renting.

It can be used already. They can buy Siacoins in a exchange and start creating file contracts. At the level of reliability, while it works for most of the users (me, personally, I have 500Gb uploaded without problems), some of them are experiencing  issues. Next update (planned for next month) should solve all those problems, as they are focused right now on improving the experience of renting. In general neither Sia or any cloud service should be used as the exclusive place to store data by any user or company, and keeping local copies is always encouraged. Sia can be a very nice solution for storing large, redundant backups

The requirement of buying Siacoins to store data will be avoided when independent developers and companies deploy services that accept FIAT and store the data in Sia doing the exchange of Siacoins behind the scenes. There are several projects about that on progress.


They never updated to the newest version of the software and never asked for help to the developing team, so they were struggling with dropped transactions. Besides, Cryptopia did not have any real volume: it was less than 10.000SC per day of volume in it last weeks... There are much better exchanges with higher volumes of trade, as Bittrex and Poloniex

There was a huge clog of transactions on the network 2 months ago, and while devs provided tools to alleviate the problem, Poloniex was not very efficient applying them... Current withdrawals are working good, sometimes with a delay of 30 mins - 1 hour. Most of the failed transactions of two months ago were solved too. But unfortunately not all of them have been pushed again to the blockchain. So yes, I am aware of a few other cases of users in your same situation, I am sorry for you   If it gives you some hope, I have read of some users whose Txs were finally pushed successfully 2 months later.

Keep opening new tickets and insisting about the issue, they have to return you those funds or push that Tx to the network

An inflation of 33% means that during the next 12 months the number of coins in circulation will increase a 33% due to the process of mining. The reward of mining gets smaller with each newly forged block, and the mined coins represent less and less proportion of the total coins in circulation.

For this reason, this year is 33%. Next year a 20% extra of coins will be mined, on 2019 a 10% and so on

Currently about 30 billions of coins are in circulation, so the inflation of 33% means that on September 2018 there will be 40 billion. Check also the "Coin Supply" tab of SiaPulse

The network was released just 2 years ago, and a project like this don't become mainstream so fast in the same way Bitcoin will still require several years to become a mainstream currency.

The most honest reason is that the product is not totally complete. It works, and renters can upload (and everyday upload) their files and backups, but there is still much work to keep doing: beyond 5 Terabytes uploaded the client starts to freeze, there are certain bugs some renters experience, native file sharing and file streaming is not yet allowed. Fortunately, solutions to all these points are in their roadmap, and for instance next release on September/October should revamp the renter experience and increase the cap to 40Tb.

Also the independent developers have to keep creating tools and services over the Sia network (like storage services that accept FIAT and do the Sia thing behind the scenes), and keep creating integrations with popular services and tools. The dev team created last month a campaign of bounties to encourage independent devs to achieve these integrations. Last month it was Minio (a popular storage server container compatible with Amazon S3 or Azure), last week it was Duplicati (a popular backup service) and more bounties will come.

Bottom line: While it is a working product, there is work yet to do. But step by step Sia is getting there.

That is on the roadmap (https://trello.com/b/Io1dDyuI/sia-public-roadmap) File sharing among users on next update and external sharing on the next 18 months 


Hello. You have downloaded a client that neither is official, nor the author have provided the code for reviewing and moreover: as far as we are aware is not working properly and you can't send transactions.

Probably the app is asking you your recovery seed to unlock the wallet. But I don't recommend you to provide it, as there are some chances the app is a scam and it would deplete the funds of your wallet. Use only the official client: http://sia.tech/apps/

You keep coming to this thread, keep spreading the same FUD one time and another, and another... and keep refusing to debate your positions every time someone answers you. As you keep ignoring my answers to your FUD, I'll keep quoting my own answers every time you come again to vomit the same no-sense:

It is profitable for the host. Even if we consider a price of $1/Tb/month. You can buy enterprise-grade HDDs at less than $25/Tb and they are prepared to last more than 5 years. A ROI of 2 years (or less) is perfectly acceptable if your HDDs are going to last more than 5 years. Hosting is not like mining were difficulty increases over time. In hoisting, if you stay ompetitive you'll keep getting contracts forever. And electricity costs are irrelevant: a good HDD of 4Tb or even 8Tb will consume less than 3W

It is profitable for renter. People incorrectly compares Sia to Onedrive, Google storage or other costumers solutions that are "free" or very cheap. Companies can't use those solutions and have to purchase storage to Amazon ($23/Tb/month), Azure ($30) or Akamai ($50). Do you know how much is paying a renter right now in Sia? 250SC/Tb/month, roughly $2. And with the advantages of encryption, decentralization, and low latency due to the huge world-wide distributed network of hosts



And do you know companies can not apply to that offer? And do you know there is no limit of transfer on Sia? And do you know data is not natively encrypted on Dropbox, and they can do whatever they want with your data? Like for example, in a few years limit the "unlimited" tier to force you to pay more for all that data you have already stored with them.

And oh, BTW, Sia is less than $3/Tb/month. Deal with it.



Instead of the paperwallet they indicated you (the code is still in reviewing process by other devs to confirm it is legit), I recommend you this tool created by the developing team: https://github.com/avahowell/sia-coldstorage

There is no danger for hosts, as storage providers are not liable of contents they hosts. Besides, files are encrypted and each individual host is unable the reconstruct the full file as they are recipient of only fragments of it. This is from the Sia Wiki:

Hosts (and websites) are considered safe from user submitted content under section 512 of the Digital Millennium Copyright Act. Storage providers, websites and ISPs (Internet Service Providers) are considered protected under 230(c)(1) of the Communications Decency Act. No cases in the US have specifically accused websites of CP and 230©(1) and it is considered a safe harbor, but has never been tried. If you require more specific information, we recommend you discussing this with your legal representation

In any case, a future update will allow hosts to remove specific file contracts, just in case laws change and a host is required to delete certain files