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Author Topic: [ANN] Sia - Decentralized Storage  (Read 1342464 times)
DragonETH
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September 26, 2017, 07:55:14 AM
 #5961

I'm dual mining Ethereum/Sia using Claymore. I've noticed the Sia difficulty has decreased substantially in the last week or two. It's currently ~166TH. I used to get ~3000 Sia/day and am now getting ~4000. Any thoughts about what's going on? Are miners shifting attention somewhere else?
Sia difficulty is being decreased as price surging lower.

It is now less profitable to mine sia because the price of sia just went down so more miners are leaving sia mining as they probably doing more money at other coins.

I think that sia is going to return back to about 200 sat/sia and then probably the hash rate will be increased and the difficulty as well.


With the Ethereum "ice age" there was a massive increase in Ethereum difficulty in the last week... maybe folks who were dual mining Sia w/ Claymore are starting to shift to something else.
miner working where beneficial or where there is prospect of good growth coins in the near future

                           
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Pamadar
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September 26, 2017, 08:54:33 AM
 #5962

I'm dual mining Ethereum/Sia using Claymore. I've noticed the Sia difficulty has decreased substantially in the last week or two. It's currently ~166TH. I used to get ~3000 Sia/day and am now getting ~4000. Any thoughts about what's going on? Are miners shifting attention somewhere else?
Sia difficulty is being decreased as price surging lower.

It is now less profitable to mine sia because the price of sia just went down so more miners are leaving sia mining as they probably doing more money at other coins.

I think that sia is going to return back to about 200 sat/sia and then probably the hash rate will be increased and the difficulty as well.


With the Ethereum "ice age" there was a massive increase in Ethereum difficulty in the last week... maybe folks who were dual mining Sia w/ Claymore are starting to shift to something else.
miner working where beneficial or where there is prospect of good growth coins in the near future
they are switching and those who will stay will benefits after the price surged back again, the only concerned is there's no update yet
from the team that's why we can't say if this coin still a good coin to mine just switch to NH instead of mining with other pool, its much
better to sell my hash rate and just an easy converted to btc.

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prehisto
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September 26, 2017, 09:39:23 PM
 #5963

Sia is now the worst coin from my portfolio now  Sad I can't understand why??? There is good WORKING technology with updates and price goes down... Is there some known release/conference that will be able to push price up soon?

I agree that there is very good working technology here .
But how we can see the working principle is not always the case because marketing and psychological effects of the market plays big role also, unfortunately.

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September 26, 2017, 09:53:12 PM
 #5964

Hi guys! Zach here, I'm VP of Ops for Sia. We don't spend too much time on bitcointalk, since most of the discussion takes place in our Discord or subreddit. But I'll try to monitor bitcointalk closely for the next day or so, and answer any question that you may have.
tintumon
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September 27, 2017, 05:17:55 AM
 #5965

Hi guys! Zach here, I'm VP of Ops for Sia. We don't spend too much time on bitcointalk, since most of the discussion takes place in our Discord or subreddit. But I'll try to monitor bitcointalk closely for the next day or so, and answer any question that you may have.
How do we know you are who you are caliming to be? Anybody from the Sia community vouch for you? Sorry bitcointalk has lot of scammers under different names.
Infinity81
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September 27, 2017, 07:40:56 AM
 #5966

The SC team is so active on Twitter but seems like they are not here. Not sure why price is syncing.  Cry
Branko
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September 27, 2017, 09:55:12 AM
 #5967

Hi guys! Zach here, I'm VP of Ops for Sia. We don't spend too much time on bitcointalk, since most of the discussion takes place in our Discord or subreddit. But I'll try to monitor bitcointalk closely for the next day or so, and answer any question that you may have.

Any news about last bounty, is it going well?
denam
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September 27, 2017, 10:09:42 AM
 #5968

The SC team is so active on Twitter but seems like they are not here. Not sure why price is syncing.  Cry

I don't see anything to be worried about after watching closely market activities both selling and buying. You need to see things as whole to understand better what is being done so it can be named easily consolidation phase because volume alone on Trex is pretty decent.
DragonETH
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September 27, 2017, 10:10:46 AM
 #5969

Hi guys! Zach here, I'm VP of Ops for Sia. We don't spend too much time on bitcointalk, since most of the discussion takes place in our Discord or subreddit. But I'll try to monitor bitcointalk closely for the next day or so, and answer any question that you may have.
we need the usual attention to the news if there are specific topics for discussion, and stakeholders of the company for feedback they can get from the community here..

                           
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Hakkane
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September 27, 2017, 01:00:27 PM
 #5970

Hi guys! Zach here, I'm VP of Ops for Sia. We don't spend too much time on bitcointalk, since most of the discussion takes place in our Discord or subreddit. But I'll try to monitor bitcointalk closely for the next day or so, and answer any question that you may have.
How do we know you are who you are caliming to be? Anybody from the Sia community vouch for you? Sorry bitcointalk has lot of scammers under different names.
I can confirm he is the real Zherbert. I made a comment on Discord about his message here (we have a BTCtalk feed) and he answered he wants to say hello here Cool
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September 27, 2017, 01:40:26 PM
 #5971

Hi guys, it is me! https://twitter.com/zachherbert/status/913034849216339969

Hi guys! Zach here, I'm VP of Ops for Sia. We don't spend too much time on bitcointalk, since most of the discussion takes place in our Discord or subreddit. But I'll try to monitor bitcointalk closely for the next day or so, and answer any question that you may have.

Any news about last bounty, is it going well?

The bounty for Duplicati is going really well. It's complete, and has been tested. We will be announcing shortly and paying out the reward. Duplicati has already merged it into their upstream code.

Bounty for Minio (https://blog.sia.tech/introducing-s3-style-file-sharing-for-sia-through-the-new-minio-integration-bb880af2366a) is functioning, but the submitter is working through some final requirements in order to merge into their upstream code.
Branko
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September 27, 2017, 07:04:02 PM
 #5972

Hi guys, it is me! https://twitter.com/zachherbert/status/913034849216339969

Hi guys! Zach here, I'm VP of Ops for Sia. We don't spend too much time on bitcointalk, since most of the discussion takes place in our Discord or subreddit. But I'll try to monitor bitcointalk closely for the next day or so, and answer any question that you may have.

Any news about last bounty, is it going well?

The bounty for Duplicati is going really well. It's complete, and has been tested. We will be announcing shortly and paying out the reward. Duplicati has already merged it into their upstream code.

Bounty for Minio (https://blog.sia.tech/introducing-s3-style-file-sharing-for-sia-through-the-new-minio-integration-bb880af2366a) is functioning, but the submitter is working through some final requirements in order to merge into their upstream code.


Great news...I better go buy some SIA while its still cheap Smiley


I have question about Obelisk...where from will buyers in EU get their ASICs from?
Because if its sent outside of EU, we have to pay lots of customs and taxes
zherbert
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September 27, 2017, 08:51:36 PM
 #5973


Great news...I better go buy some SIA while its still cheap Smiley

I have question about Obelisk...where from will buyers in EU get their ASICs from?
Because if its sent outside of EU, we have to pay lots of customs and taxes


Great question! We are still figuring out the situation for EU customers. We honestly won't know until closer to ship date.

Also, Duplicati integration post is live! https://blog.sia.tech/introducing-full-computer-backup-with-sia-through-the-new-duplicati-integration-62dd17cbcfb7
e-coinomist
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September 27, 2017, 09:15:10 PM
 #5974

The amount of supply is too much, better to wait at the bottom until the time of purchase arrives.

Can you enlighten us when the supply will not be too much, even reduced by some amount perhaps? Any exact date, maybe?
Some arguments are just hillarious. Supply grows.

According to https://coinmarketcap.com/currencies/siacoin/#markets Yunbi left the building. In a hurry, to my observation. Even BTCe seems to be more resilient.
Dr Charles
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September 27, 2017, 11:40:45 PM
 #5975

The amount of supply is too much, better to wait at the bottom until the time of purchase arrives.

Can you enlighten us when the supply will not be too much, even reduced by some amount perhaps? Any exact date, maybe?
Some arguments are just hillarious. Supply grows.

According to https://coinmarketcap.com/currencies/siacoin/#markets Yunbi left the building. In a hurry, to my observation. Even BTCe seems to be more resilient.

The supply will not be going down lol circulating supply will be increasing everyday. The goal is to have a cost effective way to securely store and access information on the SIA network at a cost efficient rate.... That wont be happening with a very costly SIA coin price. SIA has great development and has big plans for the future but it doesnt make sense for the coin price, individually, to be high. If you want a solid long term investment... SIA is a great choice and that is why I am holding several million coins but dont expect major price swings unless it is due to intermittent pumps.

Desancabulada
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September 28, 2017, 01:15:57 AM
 #5976

New article on Steemit!

https://steemit.com/siacoin/@thefpegroupltd/siacoin-and-the-myth-of-token-holder-value-siacoin
bgblevins
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September 28, 2017, 05:05:00 AM
 #5977

The amount of supply is too much, better to wait at the bottom until the time of purchase arrives.

Can you enlighten us when the supply will not be too much, even reduced by some amount perhaps? Any exact date, maybe?
Some arguments are just hillarious. Supply grows.

According to https://coinmarketcap.com/currencies/siacoin/#markets Yunbi left the building. In a hurry, to my observation. Even BTCe seems to be more resilient.

The supply will not be going down lol circulating supply will be increasing everyday. The goal is to have a cost effective way to securely store and access information on the SIA network at a cost efficient rate.... That wont be happening with a very costly SIA coin price. SIA has great development and has big plans for the future but it doesnt make sense for the coin price, individually, to be high. If you want a solid long term investment... SIA is a great choice and that is why I am holding several million coins but dont expect major price swings unless it is due to intermittent pumps.



I've only ben in Crypto's for a few months and I've been reading and investing little here and there. I have some Sia coins. I have a question. If I understand correctly the objective is to possibly keep Sia affordable then is there something other than the "coin" itself I should look into investing witch is more profitable? I mean I believe in the project so I want to invest a little bit into it. At the same time if and when Sia takes off Do I want to be holding "Coins" or something else? Not sure if I'm explaining what I mean correctly?
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September 28, 2017, 10:22:59 AM
 #5978

The amount of supply is too much, better to wait at the bottom until the time of purchase arrives.

Can you enlighten us when the supply will not be too much, even reduced by some amount perhaps? Any exact date, maybe?
Some arguments are just hillarious. Supply grows.

According to https://coinmarketcap.com/currencies/siacoin/#markets Yunbi left the building. In a hurry, to my observation. Even BTCe seems to be more resilient.

The supply will not be going down lol circulating supply will be increasing everyday. The goal is to have a cost effective way to securely store and access information on the SIA network at a cost efficient rate.... That wont be happening with a very costly SIA coin price. SIA has great development and has big plans for the future but it doesnt make sense for the coin price, individually, to be high. If you want a solid long term investment... SIA is a great choice and that is why I am holding several million coins but dont expect major price swings unless it is due to intermittent pumps.



I've only ben in Crypto's for a few months and I've been reading and investing little here and there. I have some Sia coins. I have a question. If I understand correctly the objective is to possibly keep Sia affordable then is there something other than the "coin" itself I should look into investing witch is more profitable? I mean I believe in the project so I want to invest a little bit into it. At the same time if and when Sia takes off Do I want to be holding "Coins" or something else? Not sure if I'm explaining what I mean correctly?

Yes, you can buy a Siafund. I still think the tokens will gradually rise in price over time as the ecosystem grows. They rose too fast in the spring.
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September 28, 2017, 01:06:31 PM
 #5979

The amount of supply is too much, better to wait at the bottom until the time of purchase arrives.

Can you enlighten us when the supply will not be too much, even reduced by some amount perhaps? Any exact date, maybe?
Some arguments are just hillarious. Supply grows.

According to https://coinmarketcap.com/currencies/siacoin/#markets Yunbi left the building. In a hurry, to my observation. Even BTCe seems to be more resilient.

The supply will not be going down lol circulating supply will be increasing everyday. The goal is to have a cost effective way to securely store and access information on the SIA network at a cost efficient rate.... That wont be happening with a very costly SIA coin price. SIA has great development and has big plans for the future but it doesnt make sense for the coin price, individually, to be high. If you want a solid long term investment... SIA is a great choice and that is why I am holding several million coins but dont expect major price swings unless it is due to intermittent pumps.



I've only ben in Crypto's for a few months and I've been reading and investing little here and there. I have some Sia coins. I have a question. If I understand correctly the objective is to possibly keep Sia affordable then is there something other than the "coin" itself I should look into investing witch is more profitable? I mean I believe in the project so I want to invest a little bit into it. At the same time if and when Sia takes off Do I want to be holding "Coins" or something else? Not sure if I'm explaining what I mean correctly?

Yes, you can buy a Siafund. I still think the tokens will gradually rise in price over time as the ecosystem grows. They rose too fast in the spring.


Thank you for the info. I checked it out and noticed that the price for 1 Siafund is around 3BTC I think I will stick with Siacoins lol. But I wanted to at least thank you for the info.
zherbert
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September 28, 2017, 01:07:29 PM
 #5980

The amount of supply is too much, better to wait at the bottom until the time of purchase arrives.

Can you enlighten us when the supply will not be too much, even reduced by some amount perhaps? Any exact date, maybe?
Some arguments are just hillarious. Supply grows.

According to https://coinmarketcap.com/currencies/siacoin/#markets Yunbi left the building. In a hurry, to my observation. Even BTCe seems to be more resilient.

The supply will not be going down lol circulating supply will be increasing everyday. The goal is to have a cost effective way to securely store and access information on the SIA network at a cost efficient rate.... That wont be happening with a very costly SIA coin price. SIA has great development and has big plans for the future but it doesnt make sense for the coin price, individually, to be high. If you want a solid long term investment... SIA is a great choice and that is why I am holding several million coins but dont expect major price swings unless it is due to intermittent pumps.



I've only ben in Crypto's for a few months and I've been reading and investing little here and there. I have some Sia coins. I have a question. If I understand correctly the objective is to possibly keep Sia affordable then is there something other than the "coin" itself I should look into investing witch is more profitable? I mean I believe in the project so I want to invest a little bit into it. At the same time if and when Sia takes off Do I want to be holding "Coins" or something else? Not sure if I'm explaining what I mean correctly?

It's not our intention to keep Siacoin "affordable." We at Sia have no control over the Siacoin price, and hold less than 1% of all Siacoin in circulation. (Though we do hold the majority of Siafunds.)

As the price of Siacoin rises or falls, hosts adjust their prices. Obviously a more stable Siacoin price makes things easier for hosts and renters. But as the Siacoin price rises, hosts will decrease their storage prices in terms of Siacoin. (The opposite holds true if the Siacoin price falls).

Siacoin, unlike Bitcoin, is not a store of value – it is a utility coin. And inflation will decrease over time. https://siastats.info/supply_inflation.html. If Sia grows faster than its inflation, the price of the coin would likely increase.
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