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Author Topic: [ANN] Sia - Decentralized Storage  (Read 1340419 times)
khash4u
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June 26, 2017, 10:47:07 AM
 #5121

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.

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kwab
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June 26, 2017, 10:51:01 AM
 #5122

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.

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metallicelmo
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June 26, 2017, 01:57:25 PM
 #5123

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
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June 26, 2017, 02:42:06 PM
 #5124

So is SC a yes or a no good thing that obelisk is coming out?
MrSunshine
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June 26, 2017, 02:59:21 PM
 #5125

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
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June 26, 2017, 03:23:10 PM
 #5126

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.
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June 26, 2017, 03:27:22 PM
 #5127

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  Grin
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June 26, 2017, 03:34:20 PM
 #5128

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  Grin
Already sold.
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June 26, 2017, 05:46:50 PM
 #5129

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.

Well next use an SSD drive for dramatically faster performance.
Razoo
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June 27, 2017, 12:13:30 PM
 #5130

To the moderator that deleted my post. Go fuck yourself.
obszoenling
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June 27, 2017, 02:50:45 PM
 #5131

I am currently synchronizing the Sia-Wallet. At 40% it took 2GB yet. So I assume it will take about 5Gb altogether.
How will this handled in the future? I mean Sia is still young. In one year it's maybe 10 GB of space. Some people may want to use Sia because they don't have any free space on their drive. It's kind of ironic. Is there any plan to deal with this?

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June 27, 2017, 02:58:21 PM
 #5132

my sia-ui is finished with the syncro.

next step is the wallet - can someone tell me how long the scanning of the blockchain on the sia wallet lasts?

EDIT: ok, its done now - duration ~20/30 minutes
Razoo
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June 27, 2017, 03:24:33 PM
 #5133

I am currently synchronizing the Sia-Wallet. At 40% it took 2GB yet. So I assume it will take about 5Gb altogether.
How will this handled in the future? I mean Sia is still young. In one year it's maybe 10 GB of space. Some people may want to use Sia because they don't have any free space on their drive. It's kind of ironic. Is there any plan to deal with this?

Get another HD for more free space.
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June 27, 2017, 03:35:35 PM
 #5134

What is the point of Sia then...

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Hakkane
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June 27, 2017, 09:27:59 PM
 #5135

What is the point of Sia then...

The blockchain is currently less than 4.5Gb. That is a small size that can be handled by any computer. BTC blockchain is 125Gb, for instance.

Next update (v1.3), that will be released in the very next days, will accelerate the initial download.

And in the future, dev team or independent devs can develop light wallets for certain case-uses. But as with any crypto, the safest way is to store your coins is a client that can verify the full blockchain instead of trusting on a 3rd party that could be manipulating your transactions
Razoo
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June 27, 2017, 10:40:00 PM
Last edit: June 27, 2017, 10:57:14 PM by Razoo
 #5136

What is the point of Sia then...

The blockchain is currently less than 4.5Gb. That is a small size that can be handled by any computer. BTC blockchain is 125Gb, for instance.

Next update (v1.3), that will be released in the very next days, will accelerate the initial download.

And in the future, dev team or independent devs can develop light wallets for certain case-uses. But as with any crypto, the safest way is to store your coins is a client that can verify the full blockchain instead of trusting on a 3rd party that could be manipulating your transactions

I never heard anything about an update coming in the next couple of days. Where did you hear that? There's nothing on the SIA road map about it.
Hakkane
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June 27, 2017, 10:57:46 PM
 #5137

What is the point of Sia then...

The blockchain is currently less than 4.5Gb. That is a small size that can be handled by any computer. BTC blockchain is 125Gb, for instance.

Next update (v1.3), that will be released in the very next days, will accelerate the initial download.

And in the future, dev team or independent devs can develop light wallets for certain case-uses. But as with any crypto, the safest way is to store your coins is a client that can verify the full blockchain instead of trusting on a 3rd party that could be manipulating your transactions

I never heard anything about an update coming in the next couple of days. Where did you hear that?

Devs do not check Bitcointalk, but are very active at the Slack and at the Reddit

Sia usually releases quarterly updates. v1.3 ("Capricorn") was meant for June, but probably due to overlap with the pre-sale of the Obelisk ASIC, it has been delayed a bit more than usual. However "Release Candidate 2" is already available for testing purposes (https://www.reddit.com/r/siacoin/comments/6jnqn8/sia_v130_beta_rc2_try_out_the_upcoming_release/?st=j4g60v1w&sh=8f6f95af), what means the final release will be very soon. Last week devs said most probably this week or the next one.

The roadmap actually states a an update for June ;-)
Razoo
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June 28, 2017, 02:30:29 AM
 #5138

I just noticed my posts aren't getting counted towards my activity. Awesome....I'm a newbie forever.
Doctor.Strange
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June 28, 2017, 06:37:09 AM
 #5139

Where to buy Sia and stock it in wallet?
Do they have desktop wallet?
jnation
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June 28, 2017, 07:05:06 AM
 #5140

Where to buy Sia and stock it in wallet?
Do they have desktop wallet?

Sia UI can be downloaded here: http://sia.tech/apps/. Once downloaded you can open it and create a wallet address. Syncing the blockchain will take a while.

You can buy SiaCoins on Bittrex or Poloniex and transfer them to the Sia UI wallet.
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