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Author Topic: [ANN] Sia - Decentralized Storage  (Read 1342376 times)
Theones
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September 15, 2017, 02:41:34 AM
 #5901

So big correction for Bitcoin is not helping Sia. But anyway from my observation bottom is already reached, so now is the best moment to fill wallets Wink
Pump is coming Wink

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btcone111
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September 15, 2017, 07:15:01 AM
 #5902

Won't google/amazon etc just bring their own cheap decentralised storage and customers will just stay with them when they match the price sia charges? 

Of course not. Google and amazon have VERY high fixed costs and things like that.
Sia coin cannot fall too much now because the lower it falls, the cheaper the service. This will only make sia coin skyrocket when it gains popularity for its value service!

BUY BUY BUY BUY!!!!!!!!!!!!
MrSunshine
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September 15, 2017, 10:42:02 AM
 #5903

So big correction for Bitcoin is not helping Sia. But anyway from my observation bottom is already reached, so now is the best moment to fill wallets Wink
Pump is coming Wink

Right there is blood in the streets, now is the time to buy.
z0n0
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September 15, 2017, 10:57:05 AM
 #5904

So big correction for Bitcoin is not helping Sia. But anyway from my observation bottom is already reached, so now is the best moment to fill wallets Wink
Pump is coming Wink

Right there is blood in the streets, now is the time to buy.

Not yet, we'll see even bigger drop. Wait bit more and then buy shit ton of SIA.
 Cool
liljsbach
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September 15, 2017, 11:03:14 AM
 #5905

Jesus Christ. Why there is such an amount of noobs surrounding this project? Have you ever seen a market cycle in your life? I'm sorry if you FOMO'ed into SC when it was >300 SAT but we're in a depression state right now and fundamentals didn't change at all - both FA and TA suggest you to accumulate as much as you can in these prices.
bgibso01
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September 15, 2017, 04:46:12 PM
 #5906

So big correction for Bitcoin is not helping Sia. But anyway from my observation bottom is already reached, so now is the best moment to fill wallets Wink
Pump is coming Wink

Right there is blood in the streets, now is the time to buy.

Not yet, we'll see even bigger drop. Wait bit more and then buy shit ton of SIA.
 Cool

Why are you saying bigger drop
its already done with dropping and i think it hit bottom with that
handsum242
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September 15, 2017, 06:08:41 PM
 #5907

Jesus Christ. Why there is such an amount of noobs surrounding this project? Have you ever seen a market cycle in your life? I'm sorry if you FOMO'ed into SC when it was >300 SAT but we're in a depression state right now and fundamentals didn't change at all - both FA and TA suggest you to accumulate as much as you can in these prices.
my thoughts exactly! clearly, the community of Sia coin is full of weak hands that can't hold when there is a drop or even a slight price rise, what is wrong with you guys  Huh!
dannyyppace
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September 15, 2017, 07:42:53 PM
 #5908

Thers has been no race created in which Sia had been defeated.
rabidri
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September 15, 2017, 10:35:10 PM
 #5909

So big correction for Bitcoin is not helping Sia. But anyway from my observation bottom is already reached, so now is the best moment to fill wallets Wink
Pump is coming Wink

Right there is blood in the streets, now is the time to buy.

Not yet, we'll see even bigger drop. Wait bit more and then buy shit ton of SIA.
 Cool

Why are you saying bigger drop
its already done with dropping and i think it hit bottom with that

131 sat at the moment, not sure we can go any lower ... I bought some few days ago, i should have waited :p
inlovewith
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September 15, 2017, 10:39:27 PM
Last edit: September 15, 2017, 10:52:30 PM by inlovewith
 #5910

I'm currently downloading this, since I have free hard drive space. I hope it doesn't download the blockchain to host space.

Edit: I need 2,000 Sia coins to host. But that's $7. Can somebody update me on the roadmap for this coin? Is hosting at the moment profitable?
Hakkane
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September 15, 2017, 11:01:24 PM
 #5911

I'm currently downloading this, since I have free hard drive space. I hope it doesn't download the blockchain to host space.

Edit: I need 2,000 Sia coins to host. But that's $7. Can somebody update me on the roadmap for this coin? Is hosting at the moment profitable?

You will need to download the blockchain, about 7GB. It can take longer if you use HDDs instead of SDD, but you can also do it faster with this: https://siawiki.tech/daemon/bootstrapping_the_blockchain

Yes, you need a to setup some collateral as a guarantee that you will keep the files of the renters intact during the contract time (default: 13 weeks) and you'll keep a good uptime (95-97% of time required as minimal availability). 2000SC is the minimal collateral to setup, but more is needed to host a full TB. All that is returned if you are a good host

Roadmap: https://trello.com/b/Io1dDyuI/sia-public-roadmap

Hosting average prices to be competitive are about 100-150SC/Tb/month (plus some extra in bandwidth pricing). It is profitable if you have already that space available or if you can purchase cheap HDDs. For instance, if you price at $1/Tb/month and buy disks at $20/Tb you do ROI in one year and half. Good disks are prepared to be functional for 5 years or more, so it is not a bad business.
inlovewith
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September 16, 2017, 12:16:24 AM
 #5912

I'm currently downloading this, since I have free hard drive space. I hope it doesn't download the blockchain to host space.

Edit: I need 2,000 Sia coins to host. But that's $7. Can somebody update me on the roadmap for this coin? Is hosting at the moment profitable?

You will need to download the blockchain, about 7GB. It can take longer if you use HDDs instead of SDD, but you can also do it faster with this: https://siawiki.tech/daemon/bootstrapping_the_blockchain

Yes, you need a to setup some collateral as a guarantee that you will keep the files of the renters intact during the contract time (default: 13 weeks) and you'll keep a good uptime (95-97% of time required as minimal availability). 2000SC is the minimal collateral to setup, but more is needed to host a full TB. All that is returned if you are a good host

Roadmap: https://trello.com/b/Io1dDyuI/sia-public-roadmap

Hosting average prices to be competitive are about 100-150SC/Tb/month (plus some extra in bandwidth pricing). It is profitable if you have already that space available or if you can purchase cheap HDDs. For instance, if you price at $1/Tb/month and buy disks at $20/Tb you do ROI in one year and half. Good disks are prepared to be functional for 5 years or more, so it is not a bad business.

Thanks for the information. That 7gb is killing me though, since I was planning on testing it out with 20  gb that I have free. I'll give it a try anyway just to test it out.

This actually could be big, the problem is that it needs the same name recognition of a DropBox and Google Drive. Marketing seems like the most important part. Also it needs a way for the average user to use it the same way they use the others, with cash.
Hakkane
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September 16, 2017, 01:02:33 AM
 #5913

Thanks for the information. That 7gb is killing me though, since I was planning on testing it out with 20  gb that I have free. I'll give it a try anyway just to test it out.

This actually could be big, the problem is that it needs the same name recognition of a DropBox and Google Drive. Marketing seems like the most important part. Also it needs a way for the average user to use it the same way they use the others, with cash.

The minimal amount you can offer is 20GB, and even if you have exactly 20GB, you are not going to get any contract as you will have a very heavy penalization for low free storage (a multiplier in your score of 0.00024 in the case of 20Gb) ... I am sorry  Cry

Sia is not oriented to final costumers, but instead to enterprises and storage providers that want to use Sia as their storage layer instead of the servers of Amazon, Azure and so. Some services that accept FIAT an do all the Sia thing (exchange and protocol) in the background are being developed
BossBee
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September 16, 2017, 06:25:48 AM
 #5914

I heard from some one respectable that Nebulous takes some profits from the hosts, is this true? I can't find anything immediate on tho.

Not form hosts, but from the renter's money used to form the file contracts (the allowance). A 3.9% of the whole file contract cost is deducted from the allowance and paid to SiaFunds holders. SF is a second coin in the network (https://siawiki.tech/wallet/siafund). From the total 10000SF, 8851 are owned by Nebulous and the rest was sold 2 years ago in the initial IPO. As Siacoins were never strictly pre-mined (only the first 100 blocks), SFs are the only income source of Nebulous, and a tool to encourage them to work for increasing the adoption of Sia, as they will not be really profitable until the use of the network increases.

That's really intriguing. Thx
I'm more interested in siafunds now. Has Nebulous mentioned anything about selling their portion at any point and/or possibly making them divisible to be sold in smaller units?

The biggest issue that I have as an investor is the uncapped supply. That killed the hodl game for me here. How does everyone else feel about it? I don't think it matters to the sia ecosystem being adopted, either way everything about it is solid and it shouldn't have any major problems succeeding.     

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z0n0
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September 16, 2017, 08:22:46 AM
 #5915

So big correction for Bitcoin is not helping Sia. But anyway from my observation bottom is already reached, so now is the best moment to fill wallets Wink
Pump is coming Wink

Right there is blood in the streets, now is the time to buy.

Not yet, we'll see even bigger drop. Wait bit more and then buy shit ton of SIA.
 Cool

Why are you saying bigger drop
its already done with dropping and i think it hit bottom with that

131 sat at the moment, not sure we can go any lower ... I bought some few days ago, i should have waited :p


The same thing was said at 400 sat, then 300 sat, 200 sat...and still we go down...
Desancabulada
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September 16, 2017, 05:46:52 PM
 #5916

Well, the real question is whether or not miners will sell at these levels. Can they be profitable all costs considered if they sell here?

Also, as an investor, what exactly are the buying incentives? Please enlighten me, as I don't see any at the moment.
0gantia
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September 16, 2017, 11:59:07 PM
 #5917

Hi,

Can we find somewhere a chart about the time growth fo SIA user and Mo upload ?

I like this project, one of the rare that justifies existance of his coin and with a real market to eat
sepely
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September 17, 2017, 12:01:05 AM
 #5918

how the people buy this coin with very very high prices its really unbelieveable. i hope it recover back.
Hakkane
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September 17, 2017, 12:12:53 AM
 #5919

Hi,

Can we find somewhere a chart about the time growth fo SIA user and Mo upload ?

I like this project, one of the rare that justifies existance of his coin and with a real market to eat

LOL @0gantia, I am precisely working on a website showing all those Sia stats and metrics (30+ charts). It will be ready in 7-10 days if everything goes well, stay tunned. In the meantime, we have this graph from the last official tri-annual report (https://blog.sia.tech/sia-may-august-2017-update-8929f21c56f7):




That's really intriguing. Thx
I'm more interested in siafunds now. Has Nebulous mentioned anything about selling their portion at any point and/or possibly making them divisible to be sold in smaller units?

No, they haven't said anything about selling their portion, as that would mean the end of the incentive to keep improving the adoption. There has been some debate I the past about making SFs divisible or not. Nothing definitive has been stated
Aquazi
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September 17, 2017, 09:42:55 AM
 #5920

Thers has been no race created in which Sia had been defeated.

Except for thousands of people that bought at 3-4-5-6-700 sats excepting it to moon Wink

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