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Author Topic: [ANN] Sia - Decentralized Storage  (Read 1342423 times)
mmfiore
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September 28, 2017, 01:52:11 PM
 #5981



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.

True, and all people waiting for that. Have you any information about the growth of Sia. I see some partnershop with other coins and it could be great. But why not go to all companies who need storage?

Anryze have a partnership with you, is that?



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zherbert
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September 28, 2017, 02:51:32 PM
 #5982



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.

True, and all people waiting for that. Have you any information about the growth of Sia. I see some partnershop with other coins and it could be great. But why not go to all companies who need storage?

Anryze have a partnership with you, is that?

We'll aggressively approach companies when ready. Software is about 2-3 months out before we can pursue production cold-storage rollouts. Then we will move to warm storage, and then hot storage.

For growth/stats and updates, see https://siahub.info (or https://siastats.info) and https://blog.sia.tech
syclone
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September 28, 2017, 02:53:10 PM
 #5983

It feels like SIA has found it's floor above 100 sats and will go sideways for a bit until the next bull cycle which will probably be accompanied by some news and announcements.

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Hakkane
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September 28, 2017, 05:11:25 PM
 #5984

Any news from minebox? Theay said it will be delivered for beta testers in september but i ve got nothing so far  Undecided

Looks like shipping is about to be started or even it just started already: https://www.reddit.com/r/MineboxOS/comments/72zrta/welcome_to_mineboxos/

This is a picture of their warehouse: https://twitter.com/mineboxHQ/status/913357304631894016

 Grin
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September 28, 2017, 06:14:03 PM
 #5985

This is currently my worse loss.  Bought close to the peak.

I think FILEcoin destroyed it.

But there's still some good long term potential in SIA.

Amazon is making 10 billion a year from just their S3 servers.  I'm a client and it costs me a fortune.

If SIA can create FAST, CHEAP cloud servers, it will be a win.

But I'm not that confident.  This space will be crowded for sure.  We've got Storj, etc...

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minerbro
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September 28, 2017, 06:16:28 PM
 #5986

i want to acquire some sia, but before i do that i need fully synced wallet, does anyone knows how much bandwidth will be required and how long will it take for client to fully sync?
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September 28, 2017, 06:16:51 PM
 #5987

Introducing full-computer backup with Sia through the new Duplicati integration

https://blog.sia.tech/introducing-full-computer-backup-with-sia-through-the-new-duplicati-integration-62dd17cbcfb7
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September 28, 2017, 06:35:17 PM
 #5988

Win 100$ USD worth of Siacoin!

https://steemit.com/siacoin/@thefpegroupltd/sweepstake-win-100usd-in-siacoin
Hakkane
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September 28, 2017, 11:03:57 PM
Last edit: September 29, 2017, 01:06:18 PM by Hakkane
 #5989

i want to acquire some sia, but before i do that i need fully synced wallet, does anyone knows how much bandwidth will be required and how long will it take for client to fully sync?

The blockchain is about 7Gb. It takes about 3-4 days to download and verify blocks if you use a HDD disk, less than 5-10 hours on a SSD disk, and just a manual download and a couple of hours of verification if you do bootstrapping: https://siawiki.tech/daemon/bootstrapping_the_blockchain  Wink
CryptoRobert
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September 29, 2017, 09:19:58 PM
 #5990

It feels like SIA has found it's floor above 100 sats and will go sideways for a bit until the next bull cycle which will probably be accompanied by some news and announcements.

We are all hoping it has found a floor. I'm having the same sensation actually, it wouldn't make too much sense for the price to tank further...

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bossbit
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September 29, 2017, 09:33:49 PM
 #5991

Anxiously awaiting the Obelisk update which 2 weeks ago was stated to be released in a "couple of weeks".
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September 30, 2017, 03:00:37 AM
 #5992

The price is down again .  Undecided Undecided

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September 30, 2017, 07:27:08 AM
 #5993

Based on the current price on 110 sat, is it profitable to host some files considering the costs associated with hardware and electricity, maintenance and others? Waiting for new news.
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September 30, 2017, 07:30:57 AM
 #5994

Anxiously awaiting the Obelisk update which 2 weeks ago was stated to be released in a "couple of weeks".

Really? I thought release date was May 2018 or something like that
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September 30, 2017, 04:51:12 PM
 #5995

Based on the current price on 110 sat, is it profitable to host some files considering the costs associated with hardware and electricity, maintenance and others? Waiting for new news.
The storage pricing is independent of the value of Siacoin, as hosts decide their own pricing, and they adjust it to dollar prices.

Hosting can be profitable if you choose carefully your hardware. NAS-grade disks can be bought by $25/TB, currently hosts are getting $1-1.5/Tb/month. So that is a ROI under 2 years (if they fill their disks with contracts), and considering those disks will last 5 or more years, it is not a bad business. Electricity costs are almost irrelevant, as an optimal disk will draw less than 3W

Anxiously awaiting the Obelisk update which 2 weeks ago was stated to be released in a "couple of weeks".

Really? I thought release date was May 2018 or something like that
The release date is June 2018 or earlier, but they stated they would write an update about the design and manufacturing process this week or next week
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October 01, 2017, 09:13:31 AM
 #5996

It feels like SIA has found it's floor above 100 sats and will go sideways for a bit until the next bull cycle which will probably be accompanied by some news and announcements.

Yeah agree. Will moon next bull cycle.
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October 01, 2017, 01:13:02 PM
 #5997

I hope this coin recovers
I wanted to sync but it takes a long time
another way to sync?
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October 01, 2017, 01:16:57 PM
 #5998

I hope this coin recovers
I wanted to sync but it takes a long time
another way to sync?

Yes there is another way. See here: https://siawiki.tech/daemon/bootstrapping_the_blockchain
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October 01, 2017, 05:14:08 PM
 #5999

It feels like SIA has found it's floor above 100 sats and will go sideways for a bit until the next bull cycle which will probably be accompanied by some news and announcements.

Yeah agree. Will moon next bull cycle.
Is it true that, the SIA prize has to be relatively low to get wider adoption and make it a success?If the prize of SIA goes high, then it becomes expensive to store and people will revert o traditional centralised storage which are cheaper.
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October 01, 2017, 06:46:49 PM
 #6000

Is it true that, the SIA prize has to be relatively low to get wider adoption and make it a success?If the prize of SIA goes high, then it becomes expensive to store and people will revert o traditional centralised storage which are cheaper.

No, hosts decide their own pricing in Siacoin for storing data, and they adjust it to dollar prices. So the market value of the coin does not affect the pricing of the storage: If the coin goes up, hosts reduce the pricing, as they are competing with storage services as Amazon or Azure (that ask for a pricing in dollars)
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