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Author Topic: [ANN] Sia - Decentralized Storage  (Read 1342375 times)
Razoo
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July 01, 2017, 05:37:42 PM
 #5181

Getting really disappointed with the SIA price. I'd be better off dumping them all and mining one of the other 100's of coins who's price is running relatively flat or in the green. I'd be much further ahead.
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July 01, 2017, 05:45:56 PM
Last edit: July 03, 2017, 09:58:56 PM by n691309
 #5182

One year is really long in the crypto world, things move so fast that we don't know how far will go Sia next year, will it be available or will it shut down. I simply can't predict how much will be the difficulty after a year but when these asics come in market things will change too much. I have purchased 285k SIA at 2.2BTC, have I made a good decision? Price has been dropped a lot now!

Sounds like to me they are going to finance the ASIC production with buyer's money, mine the coin for 6 months and run up the difficulty and make a ton of money and then ship out the used units to the purchasers. This has been a pattern, time and time again with mining hardware. That is if they ever ship anything at all. It is easy to put up a website, make fabulous claims, take people's BTC and then disappear. Just a thought, Buyers Beware

Exactly! If there would be a group buy and a trusted escrow chosen in the forum then I would participate even though it will take 1 year I would know that my money are safe.

Getting really disappointed with the SIA price. I'd be better off dumping them all and mining one of the other 100's of coins who's price is running relatively flat or in the green. I'd be much further ahead.

It's not just SIA, most of the coins are red now, and people have a good opportunity to invest now, these coins were never so cheap before.

Do you know the sia team? I do. So i have 0 doubts.

Greets, Hank

I don't, the number of people trusting them should be very low so mining 1 year and then sell the used asics isn't a good thing, is it?
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July 01, 2017, 06:41:44 PM
 #5183

For the storage lending : how did you fix the differents prices ?
Is there a market ? Where can I have the actuals regular prices ?
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July 01, 2017, 08:51:31 PM
 #5184

One year is really long in the crypto world, things move so fast that we don't know how far will go Sia next year, will it be available or will it shut down. I simply can't predict how much will be the difficulty after a year but when these asics come in market things will change too much. I have purchased 285k SIA at 2.2BTC, have I made a good decision? Price has been dropped a lot now!

Sounds like to me they are going to finance the ASIC production with buyer's money, mine the coin for 6 months and run up the difficulty and make a ton of money and then ship out the used units to the purchasers. This has been a pattern, time and time again with mining hardware. That is if they ever ship anything at all. It is easy to put up a website, make fabulous claims, take people's BTC and then disappear. Just a thought, Buyers Beware

Exactly! If there would be a group buy and a trusted escrow chosen in the forum then I would participate even though it will take 1 year I would know that my money are safe.

Do you know the sia team? I do. So i have 0 doubts.

Greets, Hank

I don't, the number of people trusting them should be very low so mining 1 year and then sell the used asics isn't a good thing, is it?

Getting really disappointed with the SIA price. I'd be better off dumping them all and mining one of the other 100's of coins who's price is running relatively flat or in the green. I'd be much further ahead.

It's not just SIA, most of the coins are red now.

I don't see any of the other coins I could be mining right now dropping over 20% in value over the past 4 days except SIA.
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July 02, 2017, 12:19:53 AM
 #5185

For the storage lending : how did you fix the differents prices ?
Is there a market ? Where can I have the actuals regular prices ?

What do you mean with "fix different prices"? The pricing for hosting storage is decided by each individual host. If the value of the token changes, hosts manually change the pricing to adjust it to dollar values. For example, top hosts are targeting at $1-2/Tb/month all the time

http://siahub.info is a database of hosts. if you click on the "Score" column title it will order the hosts according to their rank, so you can see what top hosts are pricing. Most of the new file contracts will go to the top 50 of them
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July 02, 2017, 03:40:49 AM
 #5186

outchy

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July 02, 2017, 09:34:38 AM
 #5187

A bottom being set?

Greets Hank
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July 02, 2017, 10:46:26 AM
 #5188

We have support so let see. Hope it holds.
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July 02, 2017, 01:33:15 PM
 #5189

A bottom being set?

Greets Hank

The only true bottom is 0. Bottom for this week looks like 462 and for next week 405 if no good news comes out.

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July 02, 2017, 05:11:46 PM
 #5190

Is this season of Silicon Valley based on Sia? Cause it sounds like the same thing.  Grin

Is the ASIC miner really supposed to take a year to produce? Won't the face of crypto change drastically in a year? This reminds me of the Butterfly Labs (and other) mining hardware scams. History repeating itself?

I think this idea is really cool and I'm putting some hashpower towards it and might even try to store some pics or non-sensitive data in sia and see how it works.
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July 03, 2017, 01:25:23 AM
 #5191

A bottom being set?

Greets Hank
The only true bottom is 0. Bottom for this week looks like 462 and for next week 405 if no good news comes out.

It's always been a quality project, but now is a Super Bubble:

(a) 35,000 contracts storing 185 TB (a pittance) valued at $350 million

(b) "taking on Amazon" as if Amazon is completely unaware of the modern tech

(c) solution = more shiny objects, SpaceX type program to launch 1st satellite in 2020  Cheesy
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July 04, 2017, 06:01:12 AM
 #5192

A bottom being set?

Greets Hank
The only true bottom is 0. Bottom for this week looks like 462 and for next week 405 if no good news comes out.

It's always been a quality project, but now is a Super Bubble:

(a) 35,000 contracts storing 185 TB (a pittance) valued at $350 million

(b) "taking on Amazon" as if Amazon is completely unaware of the modern tech

(c) solution = more shiny objects, SpaceX type program to launch 1st satellite in 2020  Cheesy

185 TB is a pittance as said earlier. I see that Burst has about almost 100 Tb staked in their ecosystem. I believe there is plenty of upside for SIA.
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July 04, 2017, 12:55:10 PM
 #5193

I guess if you buy this coin & use it for what it's purpose is, you can't really lose. Then again you could always just speculate and throw around opinions to each other.
It has a real use so I can't see what all the investment talk is about. (as people use something it gets widely distributed making it worth more) Bubble this bubble that, you guys have seen the overvalued price of standard coins which have updated to something they didn't release independently right? Get these things cheap & stop complaining.  
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July 04, 2017, 01:13:13 PM
 #5194

I guess if you buy this coin & use it for what it's purpose is, you can't really lose. Then again you could always just speculate and throw around opinions to each other.
It has a real use so I can't see what all the investment talk is about. (as people use something it gets widely distributed making it worth more) Bubble this bubble that, you guys have seen the overvalued price of standard coins which have updated to something they didn't release independently right? Get these things cheap & stop complaining.  

perfectly said mate, if you support and follow a project better to use it and serve its purpose since you are not just buying it for investment but for you to take advantage of its worth more and more coins have been created and this coin already make its hype and for sure more to come since dev are working overtime to update and provide services.
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July 04, 2017, 02:25:22 PM
Last edit: July 04, 2017, 05:17:05 PM by Razoo
 #5195

Well, the day here is half over and no news release yet for the remainder of the items on the website road map scheduled for release in June 2017. They must have missed the mark, but the day isn't over yet. But, I'm thinking they missed the mark. That would explain the current price and the lower prices to come over the next few weeks.

Taek has indicated they'll release the final v1.3 next Tuesday if anything else happens. Devs are very busy with the pre-reserve process of the ASIC and they are polishing some minor issues that testers of the RC2 have found, so I don't blame them for missing the mark for one week.

Frankly I don't think any trend on the market value of the coin is related to a delay on the software release. Nothing personal against speculators and "investors", but from my experience, most of them don't understand how Sia works or even what a blockchain is... So I find difficult they care about releasing or not features as "file repair" or "host pruning"  Roll Eyes

Hakkane it looks like you blew that Tuesday prediction. Your believeability level is going down just like the SIA price.
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July 04, 2017, 05:30:30 PM
 #5196

Well, the day here is half over and no news release yet for the remainder of the items on the website road map scheduled for release in June 2017. They must have missed the mark, but the day isn't over yet. But, I'm thinking they missed the mark. That would explain the current price and the lower prices to come over the next few weeks.

Taek has indicated they'll release the final v1.3 next Tuesday if anything else happens. Devs are very busy with the pre-reserve process of the ASIC and they are polishing some minor issues that testers of the RC2 have found, so I don't blame them for missing the mark for one week.

Frankly I don't think any trend on the market value of the coin is related to a delay on the software release. Nothing personal against speculators and "investors", but from my experience, most of them don't understand how Sia works or even what a blockchain is... So I find difficult they care about releasing or not features as "file repair" or "host pruning"  Roll Eyes

Looks like you blew that Tuesday prediction. Your believeability level is going down just like the SIA price.

It always amazes me how different are the goals and the concerns of a user vs a speculator. For users, it doesn't matter if they finally publish that update today (BTW, buddy, it is still 1pm on the US East Coast, where devs are located  Wink ) or next week. The product is already working and has been working for 2 years, the number of hosts have duplicated in the last month, the amount of stored data has grown a 75% in the last month.

The user ACP has explained it very well, but I'll go a bit more in depth. Sia coin is simply an instrument for paying those file contrats, the value of the coin is totally irrelevant for the users: hosts update and adjust their pricing to USD values, so in the end both renters and hosts pay and get paid the same amount, no matter if the coin value is 1 satoshi or 1 BTC.

The only people concerned here about oscillations in the price are the speculators: people that call themselves proudly "investors" that even convince themselves they are somehow helping the development of the coin, while in reality they just want to get some money fast and run away after. If I purchase one million Australian dollars because I expect a bump in the exchange rate, do I become an investor in the Australian economy? No, I just become an ass that wants to be rich. Speculators are not needed in any economy, not even in cryptos.

The price of the coin is just an indicator of the mood of a bunch of speculators. The only indicators of the health of a crypto are adoption and development of new code and side projects. We don't lack of those in Sia. What we have too many of these days are speculators that don't even understand how Sia works, unfortunately. If you are alarmed because the release of an incremental update is postponed one month you don't see the whole picture (and you show you don't have any idea about how software development works). If you are alarmed because the market value goes down (the same as 90% of the other coins) you don't see the whole picture.

But I don't know why I try to make you understand this. You are just a speculator after all, so you are only caring about your own benefits, of course. While you keep whining and playing to be a whale manipulating market feelings, I'll keep doing my thing: helping people here with technical questions  Smiley
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July 04, 2017, 07:01:18 PM
 #5197

Well, the day here is half over and no news release yet for the remainder of the items on the website road map scheduled for release in June 2017. They must have missed the mark, but the day isn't over yet. But, I'm thinking they missed the mark. That would explain the current price and the lower prices to come over the next few weeks.

Taek has indicated they'll release the final v1.3 next Tuesday if anything else happens. Devs are very busy with the pre-reserve process of the ASIC and they are polishing some minor issues that testers of the RC2 have found, so I don't blame them for missing the mark for one week.

Frankly I don't think any trend on the market value of the coin is related to a delay on the software release. Nothing personal against speculators and "investors", but from my experience, most of them don't understand how Sia works or even what a blockchain is... So I find difficult they care about releasing or not features as "file repair" or "host pruning"  Roll Eyes

Looks like you blew that Tuesday prediction. Your believeability level is going down just like the SIA price.

It always amazes me how different are the goals and the concerns of a user vs a speculator. For users, it doesn't matter if they finally publish that update today (BTW, buddy, it is still 1pm on the US East Coast, where devs are located  Wink ) or next week. The product is already working and has been working for 2 years, the number of hosts have duplicated in the last month, the amount of stored data has grown a 75% in the last month.

The user ACP has explained it very well, but I'll go a bit more in depth. Sia coin is simply an instrument for paying those file contrats, the value of the coin is totally irrelevant for the users: hosts update and adjust their pricing to USD values, so in the end both renters and hosts pay and get paid the same amount, no matter if the coin value is 1 satoshi or 1 BTC.

The only people concerned here about oscillations in the price are the speculators: people that call themselves proudly "investors" that even convince themselves they are somehow helping the development of the coin, while in reality they just want to get some money fast and run away after. If I purchase one million Australian dollars because I expect a bump in the exchange rate, do I become an investor in the Australian economy? No, I just become an ass that wants to be rich. Speculators are not needed in any economy, not even in cryptos.

The price of the coin is just an indicator of the mood of a bunch of speculators. The only indicators of the health of a crypto are adoption and development of new code and side projects. We don't lack of those in Sia. What we have too many of these days are speculators that don't even understand how Sia works, unfortunately. If you are alarmed because the release of an incremental update is postponed one month you don't see the whole picture (and you show you don't have any idea about how software development works). If you are alarmed because the market value goes down (the same as 90% of the other coins) you don't see the whole picture.

But I don't know why I try to make you understand this. You are just a speculator after all, so you are only caring about your own benefits, of course. While you keep whining and playing to be a whale manipulating market feelings, I'll keep doing my thing: helping people here with technical questions  Smiley

No matter. Can't take anything you say seriously anyway. You're basically a nothing burger.
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July 04, 2017, 07:27:12 PM
 #5198

I have a quick question and I'm not really sure if this is the right place to ask .. but well ..
I'm mining Siacoin since today with the dual claymore miner and I'm getting around 750 Mh/s (with one card). But the miner is hardly finding any shares .. there were 50 shares in 3 hours mining. Can that be? Is that a correct number? I was formerly mining decred together with ETH and got 15 times that much in the same amount of time.
I know it's hard to compare those numbers .. But at the moment I'm getting more shares at ETH than at Siacoin wich seems not to be correct ..?

Can anybody please tell me about this?

Thanks in advance! Smiley

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July 04, 2017, 09:57:14 PM
 #5199

I have a quick question and I'm not really sure if this is the right place to ask .. but well ..
I'm mining Siacoin since today with the dual claymore miner and I'm getting around 750 Mh/s (with one card). But the miner is hardly finding any shares .. there were 50 shares in 3 hours mining. Can that be? Is that a correct number? I was formerly mining decred together with ETH and got 15 times that much in the same amount of time.
I know it's hard to compare those numbers .. But at the moment I'm getting more shares at ETH than at Siacoin wich seems not to be correct ..?

Can anybody please tell me about this?

Thanks in advance! Smiley

That is correct. Go back to mining ETH. That's what I did. SIA has become a crapcoin.
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July 05, 2017, 02:41:40 AM
 #5200

I have a quick question and I'm not really sure if this is the right place to ask .. but well ..
I'm mining Siacoin since today with the dual claymore miner and I'm getting around 750 Mh/s (with one card). But the miner is hardly finding any shares .. there were 50 shares in 3 hours mining. Can that be? Is that a correct number? I was formerly mining decred together with ETH and got 15 times that much in the same amount of time.
I know it's hard to compare those numbers .. But at the moment I'm getting more shares at ETH than at Siacoin wich seems not to be correct ..?

Can anybody please tell me about this?

Thanks in advance! Smiley

When you mine a "share", it means you found a hash very close to solve the block, but not good enough. Depending on the difficulty of the coin and the threshold the pool stablish as good to consider a hash as a share, you can have plenty of shares every minute or just a few every hour. It doesn't matter, as pools will pay you according to the proportional number of shares you are submitting. Just check after 1 or 2 days that the rewards you are receiving corresponds more or less to what a mining calculator gives you. If it doesn't fit in a +/-20% of what you expect, just change to a different pool


That is correct. Go back to mining ETH. That's what I did. SIA has become a crapcoin.

Ohhh!!!!! So you were not an speculator after all! You were a mere troll shilling for a other coins!!!!  Cheesy Cheesy Cheesy  That is so cute........
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