[ANN] Sia - Decentralized Storage

[2xjO9M3P]

Seems the (linux) client has a bug relating to block heights:

At block 111,350 I send 1,000 SC, which were confirmed in block 111,351
https://explore.sia.tech/hash.html?hash=1d5e04845d9476531131bc1e63d9766d2f7b1c7c053635dadb65677b153f4d00

However, in the client the transaction shows up as having been included in block 111,330

Code:

      111330   1d5e04845d9476531131bc1e63d9766d2f7b1c7c053635dadb65677b153f4d00       -1000.75 SC             0 SF

Checked an earlier transaction
https://explore.sia.tech/hash.html?hash=086979e8ac556bffb247598ed1fcca08927f2b698bf8d62cd3637cb31831ca94
Shows as block 111,098 in explorer. In client: 111,077

Both times it's off by 21 blocks

Code:

siad@serenity:~/Sia$ ./siac version
Sia Client v1.2.2
Sia Daemon v1.2.2

[POPBuy]

If Im renting my storage on the Sia network, is my IP address visible? Like not only for the people who will rent it but also for the public?

[cygan]

i'm long in this coin.
In my opinion, this is very undervalued

[Hakkane]

If Im renting my storage on the Sia network, is my IP address visible? Like not only for the people who will rent it but also for the public?

Yes your IP is public. It is info submitted to the blockchain at the moment you announce your host, and it is in the hostdb file on every Sia client. In every P2P network, IPs are known by the rest of the peers

If it was not public, no potential renter could ever reach your host to make file contracts!

[leps]

So what is the point in decentralised storage when you centralise the mining?

No one is centralizing anything. You can order the ASIC and mine. Did You know? Just like if you want to mine scrypt or sha and want to have the chance to get any block reward then you also need to buy the ASIC. I don't see what is the problem of Obelisk other than to secure Sia blockchain.

[Namiks]

Charging $2499 for an ASIC is most definitely centralising the mining.

At least with GPU mining everyone has a chance and it remains less centralised. ASICs will always fall into the hands of the already-wealthy.

You can't really make the argument that it's okay because Bitcoin does it, when Bitcoin is currently crippled due to a monopoly-winning sack of shit (Jihan Wu).

If you take a look at Bitcoin and China's major ASIC farms (literal warehouses) and think "Yeah, this decentralisation thing is going great!" then you have the wrong idea completely.

[ju34400]

hi

i have to let open always siad.exe and sia-ui in same time or i did a mistake?

also i didnt find wallet.dat only wallet.db, is that the same?

i just bought some coin for hold and after 2 days sync, i still dont understand how this wallet works

please just i need a little explanation for dummy as me, how save my coin correctly?

thanks

[Big-moon-discord]

Siacoins price has been plummeting over the last week. This is unusual considering the obselisk is set to release in less than 3 days. What is going on?

[Hakkane]

hi

i have to let open always siad.exe and sia-ui in same time or i did a mistake?

also i didnt find wallet.dat only wallet.db, is that the same?

i just bought some coin for hold and after 2 days sync, i still dont understand how this wallet works

please just i need a little explanation for dummy as me, how save my coin correctly?

thanks

If you open the UI, you will see that Windows has those two processes: siad.exe and Sia-UI. Both are required to run the UI. Siad.exe is the "central component" of the wallet, while Sia-UI is a visual interface to interact with siad.exe. (If you were using a command line interface instead of the UI, you would be using siac.exe to interact with siad instead of the UI, but if you are a basic user, don't mess with this)

If you just need to keep your coins, you don't need to keep a backup of the wallet file. The only thing you need is the wallet seed that was generated when you created the wallet (the sequence of words). Keep that seed pasted in a document or printed in paper. The seed is the only thing needed to recover your funds in a different computer

Siacoins price has been plummeting over the last week. This is unusual considering the obselisk is set to release in less than 3 days. What is going on?

Speculators doing their usual thing. Nothing more, nothing less. Many other cryptos including BTC are having the same trend

[leps]

Charging $2499 for an ASIC is most definitely centralising the mining.

At least with GPU mining everyone has a chance and it remains less centralised. ASICs will always fall into the hands of the already-wealthy.

You can't really make the argument that it's okay because Bitcoin does it, when Bitcoin is currently crippled due to a monopoly-winning sack of shit (Jihan Wu).

If you take a look at Bitcoin and China's major ASIC farms (literal warehouses) and think "Yeah, this decentralisation thing is going great!" then you have the wrong idea completely.

So how much money do you need to spend on 100 GPU's to get the 100 GH hashrate obelisk offers? Tell me? Are you not going to spend more than $2500 bucks? Maybe $50,000 would be the cost to have that GPU farm. And don't you think that the Chinese don't own GPU farms too? Or maybe you own a GPU farm and are pissed off because you need to invest on the ASIC that would only benefit Sia blockchain and your pocket too if you think about it.

[ju34400]

hi

i have to let open always siad.exe and sia-ui in same time or i did a mistake?

also i didnt find wallet.dat only wallet.db, is that the same?

i just bought some coin for hold and after 2 days sync, i still dont understand how this wallet works

please just i need a little explanation for dummy as me, how save my coin correctly?

thanks

If you open the UI, you will see that Windows has those two processes: siad.exe and Sia-UI. Both are required to run the UI. Siad.exe is the "central component" of the wallet, while Sia-UI is a visual interface to interact with siad.exe. (If you were using a command line interface instead of the UI, you would be using siac.exe to interact with siad instead of the UI, but if you are a basic user, don't mess with this)

If you just need to keep your coins, you don't need to keep a backup of the wallet file. The only thing you need is the wallet seed that was generated when you created the wallet (the sequence of words). Keep that seed pasted in a document or printed in paper. The seed is the only thing needed to recover your funds in a different computer

ok thanks

[adz4life]

My offline wallet has been syncing all night and I left it at 94% and woke up in the morning and the wallet is still at 94% and has not made a single progress. What is going on? I have been trying to sync this wallet for ever now. And it just never wants to get to 100% so that I can use the wallet.

[cygan]

I have just arrived at 50.2 %

[khash4u]

Charging $2499 for an ASIC is most definitely centralising the mining.

At least with GPU mining everyone has a chance and it remains less centralised. ASICs will always fall into the hands of the already-wealthy.

You can't really make the argument that it's okay because Bitcoin does it, when Bitcoin is currently crippled due to a monopoly-winning sack of shit (Jihan Wu).

If you take a look at Bitcoin and China's major ASIC farms (literal warehouses) and think "Yeah, this decentralisation thing is going great!" then you have the wrong idea completely.

So how much money do you need to spend on 100 GPU's to get the 100 GH hashrate obelisk offers? Tell me? Are you not going to spend more than $2500 bucks? Maybe $50,000 would be the cost to have that GPU farm. And don't you think that the Chinese don't own GPU farms too? Or maybe you own a GPU farm and are pissed off because you need to invest on the ASIC that would only benefit Sia blockchain and your pocket too if you think about it.

It's pricing is targeted to the series miner with $$ not to the average investor,once the difficulty rises you won't get long term use out of it, just hope you see ROI before it becomes a paper weight.

Example  BlackArrow 150 GHS ASIC miner that supports  SHA256 algorithm
Now its worth  $139 ( see below ) because bitcoin miners now using faster ASIC miners that can do Terahashes speeds example 13TH/s ASIC BTC miner for $2200
http://www.blackarrowsoftware.com/store/prospero-x-1.5.html

Best advise would be to buy Siacoin directly and hold, or wait for cloud mining contracts to emerge, no electricity or hardware costs to worry about.

[kwab]

Siacoins price has been plummeting over the last week. This is unusual considering the obselisk is set to release in less than 3 days. What is going on?

I am wondering, too ...

Maybe it is BECAUSE of the Obelisk? Idk.

[metallicelmo]

So I had not seen these numbers yet

OBELISK SC1 MINER
TECH DETAILS
ESTIMATED HASHRATE: 100 GH/s
NETWORK HASHRATE: 1,000,000 GH/s
BLOCK REWARD: 20M SC/DAY
MONTHLY REVENUE: 60,000 SC*
PRICE: $2499
*estimated figure on June 2018 with 10,000 Obelisk units sold

Especially the last sentence,  "estimated June 2018 with 10,00 units sold". So what if only a few of them get sold (and delivered) within a reasonable amount of time? It's hard to calculate how many Sia you could mine with it right. That must be a total gamble

[Razoo]

So is SC a yes or a no good thing that obelisk is coming out?

[MrSunshine]

So is SC a yes or a no good thing that obelisk is coming out?

Since it doesn't really effect how SC itself works it is really non news unless you are a miner. But their roadmap shows promising updates to SC in the future. This is a solid long term hold IMO.

[Alfred Hard]

7 fucking days (with my computer on 24/7) for my wallet to synchronize and to be able to access my SC, and during this time the price has sunk, thank you Sia.

[cygan]

7 fucking days (with my computer on 24/7) for my wallet to synchronize and to be able to access my SC, and during this time the price has sunk, thank you Sia.

sell it and i will buy your coins again