Check also https://siastats.info It shows real-time statistics about the network. More detailed data about network usage is in https://siastats.info/hosts_network

Old wallets, before version 0.3.x needed to use an specific command for importing the wallet file into newer versions (https://siawiki.tech/wallet/recovering_from_file).

However, your wallet is already using the current system that depends on a recovery seed of 29 words, you will just need this passphrase on a current version 1.3.1 software to unlock the wallet. The file you have there looks like it is encrypted, so you will not be able by any means to get the seed from it if it is encrypted. Check around the rest of your files, you might have saved this sequence of words somewhere else

What does the SEC has to do with the press note you are sharing about Siaberry? Again you are confused and, importantly, you are confusing other users mixing two independent and unrelated news:

- A third-party company called Siaberry (siaberry.com, they sell RaspberryPi kits to run a hosting node in Sia), independent from Nebulous, has partnered with BITCF.

- The company that develops Sia, Nebulous Inc. (sia.tech), is going to release a Tokenized Securities Offer for selling a portion of their tokens "SiaFunds". They are doing this in compliance with SEC rules, so only accredited investors will be able to opt in.

That is totally false. The company that develops the Sia code is Nebulous Inc.

You are mixing a press note concerning a third-party company developing a product in top if Sia, Siaberry, with the actual developers of the Sia code that are selling the TSO for SiaFunds, Nebulous Inc.

BTW, I already mentioned it as part of the previous answer, but as this si a big announcement, it deserves its own post.



Nebulous (the company behind Sia) is making a Tokenized Securities Offering of 750 units of SiaFunds, the second token of the Sia network. You can quickly understand what a SiaFund is in this video: https://www.youtube.com/watch?time_continue=3&v=ivPGc1N3w_8 This will raise funds to keep the Sia development.

The Offering will be open in a date to be determined in March to qualified investors of several countries. The selling scheme will be a Dutch auction, similar to the IPO of Google. This is a very unique opportunity, as only 10 000 SiaFunds exist and only 1250 were in circulation right now (sold during the original IPO 3 years ago). A 3.9% of all the file contract costs are paid as a dividend to the owners of SFs.

This is the announcement post: https://blog.sia.tech/

And this is the website to register for the TSO: https://siafunds.tech/

Maybe this means that the biggest part of the community is either against the listing in Binance or just feels indifference towards them, and that is totally legit.

Binance is a exchange that extort developing teams asking for hundreds of thousands of dollars to be listed, play social tricks with communities making these pay-per-vote votings and asks you to pay exchange operation fees using their own token (WTF!) of which they control the supply and price. Besides it is a China-based exchange, and some of us feels that their costumer-protection laws are sub-standard compared with European laws, for example. Being China-based that also means they are subject to changes in their country-policies and could shut-down at any moment (just remember all the news, rumors and closed exchanges we had in China last years). So it is perfectly understandable many users don't trust in Binance or at last they don't feel enthusiastic.

Dev team is ok if they decide to list Siacoin, and are promoting people to vote, but obviously will not cow Siacoin users. They will work with exchanges only if they do fair play.


That is because you are out of the loop. Try following their twitter or reading their blog: https://blog.sia.tech/ For instance, last month Sia was rebranded and today they have announced an IPO of SiaFunds (the second token of the network) for fundraising. Code improvements keep progressing and the other day they showed a video of the beta code downloading files at 60Mbps of average (https://twitter.com/SiaTechHQ/status/964608678035886082)

Why more are needed?

Why? And what's the benefit of short-term pumpings caused by listing in a new exchange without any support for the price in the long-term (aside from your individual economic benefits)? Technology first, then the profits to early investors will come naturally.

They don't, because unlike all those shitcoins in your portfolio, Siacoin was never premined by the devs, so they don't have two-digit shares of the coins like other alts to sell them to exchanges and keep their scams going on

OK. Cool. Just close the door behind you, please. It is cold outside...

There is something incorrect in your reasoning. The amount of hashing power generated by the mining network is totally unrelated to the Supply of coins. This is a common misunderstanding of PoW coins. If the amount of hashrate increases 100x because of a massive deployment of ASICs from Bitmain or whichever other manufacturer, the difficulty of mining will increase instantly 100x to compensate and keep the block time, the block reward and the Inflation stable.

When ASICs are released in a GPU-mined coin, or a new generation of ASICs is released in a coin that already uses ASICs, it doesn't mean more coins will be generated every minute. It just means that the same amount of coins that are usually mined will be redistributed to the new generation of ASICs, and old generations will become unprofitable (they get outcompeted).

So it doesn't matter how much hashrate is added to the network or which manufacturer comes in: the Supply and the Inflation are immutable and predictable. You can check which will be the evolution of both in the next years in these charts: https://www.siastats.info/supply_inflation

1 - The shipment date for the Batch 1 was stated on June (Batch 2 will be 6 weeks after that). Obelisk team has stated they are on track and no delays are expected at the moment. Apparently there is a probability that the distribution takes place even sooner, in May, but this can't be confirmed. By the end of this month or early March, apparently they will communicate the final specs of the hardware, and rumors say the hashrate will be higher than the promised 800GHs.

2- I am a bit confused about this question, sorry. In Sia, mining and hosting are unrelated activities. The storage network is provided by hosts that offer their hard drives, currently 4 PetaBytes available in the network. The miners just provide hashing power to secure the blockchain.

Nothing. They are unrelated projects with different scopes. That thing you linked does nothing to do with decentralized storage.

The only connection here is that you are trying to spam us with an unrelated ICO.



Obelisk is an ASIC miner for the Sia network: https://obelisk.tech/

No need to download the blockchain again unless you face an issue synchronizing. You can check intructions for upgrading here (very simple: essentially you close Sia and replace the old installation. Next startup can take a long time):  https://siawiki.tech/client/updating_the_interface

That is incorrect. The "speed of creation of coins" is exactly the same as it was 2 months ago with 20x less hashrate in the network. A common misunderstanding about Proof of Work coins is believing that more hashrate means more creation of coins, but this is not true: if the hashrate increases 1000x, the difficulty will increase also 1000x, so the block time remains the same (10 minutes in the case of Sia) and so the daily supply of coins. The only difference with ASICs is that now the same amount of coins is distributed among ASIC owners and GPU miners will get in this example 1/1000 of what they used to mine (being forced to switch to another coin, then).

In the end, the supply and the inflation of PoW coins is immutable and predictable, no matter how fast the hashrate increases

Some well reputed developers just published the first version GooBox, a Dropbox-like app built in top of Sia storage oriented to people with very minimal knowledge about blockchains. Just install it, deposit some Siacoins and start uploading files to the cloud. All the blockchain sync, contracts formation and so is done in the background without any intervention of the user.



It can be downloaded here: https://github.com/GooBox/goobox-community-gui/releases

This is their announcement post: https://www.reddit.com/r/siacoin/comments/7w9as7/goobox_the_desktop_sync_client_app_for_sia/

Didn't you guys wanted news about Siacoin? 

If you just downloaded the client, and are trying to unlock a wallet that was being used in other computer, you can't use the password (is the password only works locally, in the original machine). Use the recovery seed instead.

Alternatively if what you are using is the seed: it might be possible you created another wallet when you installed Sia, and if you try to use another seed from another wallet, Sia will say the seed is incorrect. Not because the seed is bad by itself, but because Sia is expecting the seed from the current wallet. To switch to an old wallet, first delete the current wallet folder. For this, go to "About" > "Open sia folder" and delete the sub-folder "wallet". Then re-start Sia and click on "Load wallet" (an icon of an old-fashioned key)

The increase in hashrate (about 10x compared to 1 week ago right now) is having zero impact in the supply and will have zero impact even if it increases 1000x. This is a common misunderstanding of people not familiar with Proof of Work. The blockchain has a parameter called "Difficulty" that increases at the same rate as the hashrate in the network. This makes that no matter how many ASICs connect to the network, the block time, and so the block rewards (that create the increase in supply) remains exactly the same. The Supply is predictable and immutable: https://siastats.info/supply_inflation.html

Actually the two last hardforks we had in the last months were aimed to make the difficulty algorithm to update the difficulty every block instead of every 4 days, so with the arrival of ASICs the impact in the block generation was zero.


1 - That is simply false. It is impossible there was any ASIC from Bitmain in April: there was no significative increase in the hashrate
2 - Can you think twice about what you wrote? Are you aware how much money Nebulous (core devs company) is losing due to Bitmain? Obelisk is a subsidiary of Nebulous that manufactures ASICs for Sia. With the release of Antminers, the sales of Obelisks have been affected, as they are going to be delivered by June and by then they will be considerably less profitable. Bitmain released these miners only for damaging en emerging company that otherwise would have competed with them

Probably not anymore. The Antminer A3 ASICs are currently being distributed and so far, after 3 days, the difficulty has raised 5x (and so the profitability for GPUs has drop to 1/5). Most probably the difficulty will increase another 10x or more in the next weeks


Knock the door of your exchange and demand them to make cheaper withdrawals, because while they charge you 10-30SC per withdrawal, the real network fee is 0.45SC per transaction: https://siastats.info/tx_fees.html . And as they group multiple withdrawals per TX, their cost per TX is even lower.


They shut it down a few hours after releasing it, probably because they are unable to make the pool work. Their API is still live, they are reporting about 40THs of hashrate on average (https://siastats.info/mining_pools.html) but they are unable to find blocks

Actually it is a hardfork: old versions of the client software (1.3.0) are incompatible with the new blocks being mined


Check the last tri-annual update, it includes some insights about the operational roadmap for this year: https://blog.sia.tech/sia-triannual-update-september-december-2017-8afdf9c10325


What do you mean by "selling out to Bitmain"? The mining algorithm of Sia is public (all Sia is open source) so any manufacturer can design an ASIC for the coin.... unfortunately, because neither the developing team nor a great part of the community is happy with it. It was actually a very unwelcome and unfriendly movement of Bitmain.

The Difficulty Adjustment Algorithm has been corrected to target block generation every 10 minutes. Previously it was targeting 30 min due to a bug introduced on December.

So starting today the mining difficulty and block times will start to go down slowly. My back-of-the-napkin calculations say they will be fully corrected in 3 days

Oh, you did not updated correctly. The instructions for updating are:

- Close Sia completely (In Windows, you have to click close on the system try icon of Sia)
- Replace the old installation with the extracted files form the 1.3.1 version you downloaded
- Open Sia again

In your particular case, as what remains to be updated is the daemon (the core software, not the UI that is up to date) you can update alternatively by going to the Terminal and typing "siac update". This is ok for this case, not the general rule for updating if you are using the UI.

Once updated, you don't have to do anything else for the hardfork: you will be prepared ;-)

You have a countdown clock for the hardfork with the best estimate in https://siastats.info (together with an explanatory link in case you have more questions about the fork)

You are missing an important point. No matter how much hashrate is added to the network, the block time, the supply rate and the inflation rate remain exactly the same. The difficulty algorithm changes dynamically to adjust to the current hashrate in the network.

It doesn't matter if the amount of ASICs released are 10,000 or 10 millions or which is its distribution (home miners or a couple of huge farms): the coin supply and the inflation remains the same and can be predicted: https://www.siastats.info/supply_inflation.html