If the data which is being stored is decentralized, wouldn't it technically make my data more vulnerable?
Just the opposite. If your data is centralized, you can lose your data in any of these scenarios:
- A government or the storage company reads your files and shut downs your access to the data beacause of some policy (hello, Google Docs)
- The storage company changes the pricing terms on the fly asking you to pay more to keep accessing it (hello, Crahsplan), or simply shuts down due to bankruptcy
- A technical failure in the bridge or connection to the storage company
- A hacker access the storage company and destroys your data
In a de-centralized network like Sia this is impossible:
- Each particular host can't read your files, as it has access to incomplete fragments of it, and even if several of them were compromised, your data is encrypted
- A large number of hosts can go offline and you'll still have access to the data. Each file is distributed among 30 host, and you only need 10 of them to download the file. Hosts are spread worldwide
^^This comment make me register, well explained sir.
I must add that the de-centralization of the data is the future because it's clearly proven that on almost a daily basis that centralized data is at risk; data leaks, Mother Nature damage or even a terrorist attack (EMP sort of) on major datacenters
Storing encrypted parts of data on multiple node is absolutely brillant; the data cannot go down, be destroyed or vanish.
I have been interested into and started mining back in september.
-Edit :
hi guys...does anyone know how much hash would i get for minin Sia with rx 470 8gb? tried to find with uncle Google...no success...
I am currently doing 509.6 mh/s with a RX 470!
-Beaver from Canada
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