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Author Topic: [ANN] Sia - Decentralized Storage  (Read 1342679 times)
Hakkane
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October 30, 2017, 02:02:44 PM
Last edit: October 30, 2017, 02:42:30 PM by Hakkane
 #6321

Today I have realized that my decision to invest in SiaCoin was wrong.
I mean my entry point was the mistake. Unfortunately, my biggest investment ever was in SiaCoin.

I realized when I checked my portfolio today after long time.
-89% is the lose currently I am digesting.  Sad
I am not getting any hope in price increase sooner.  Cry

Btw what is SiaFund? Is it anything new?

@Rogermoon, why are you posting the same exact message that was posted by another user 10 days ago? Do you have any specific interest generating a negative feelings towards Sia? Very interesting to see so many accounts with low score hanging around with negativity so suddenly Wink bellow the original message you copied:

Today I have realized that my decision to invest in SiaCoin was wrong.
I mean my entry point was the mistake. Unfortunately, my biggest investment ever was in SiaCoin.

I realized when I checked my portfolio today after long time.
-89% is the lose currently I am digesting.  Sad
I am not getting any hope in price increase sooner.  Cry

Btw what is SiaFund? Is it anything new?

And if anyone  has still doubts about the developers making or not progresses, take a look a the new proposed changes posted last Friday:

Jute Merging Algorithm: https://gist.github.com/DavidVorick/20a1f9f47fa56390039144d7f8dec074
New Database: https://gist.github.com/DavidVorick/520e0dcc2458902f29ac163750c3f84d
Renter Propsal: https://gist.github.com/DavidVorick/d9f70ea668a8104ee8f42d2dc6d3164b
Fee Market Mechanics Proposal: https://gist.github.com/DavidVorick/ba17fb7db50b9270d1c2131ff425422b
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retlaw04
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October 30, 2017, 02:56:57 PM
 #6322

As far as I've read now on the website of sia - who can now stop every moment the preorder of the miners. and start production. More than half of the miners are sold. And I believe that even the start of production could increase the value of the sia. Do you not think so?

DroidR17A
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October 30, 2017, 05:12:53 PM
 #6323

i saw this morning that i can buy a "Minebox siacoin" for around 1750 dollar but still not know if it could give some ROI , does anyone know how many sia i can mine with this (asic ?)
Code:
Specification Minebox 8TB Minebox 16TB
HP Model HP ProLiant MicroServer Gen8 G1610T HP ProLiant MicroServer Gen8 G1610T
HP Model version 819185-001 819185-001
Processor Intel® Celeron® G1610T 2.4GHz Intel® Celeron® G1610T 2.4GHz
Processor cores 2 cores 2 cores
Cache Memory 2MB (1x2MB) L3 cache 2MB (1x2MB) L3 cache
Memory 4GB (1x4GB) PC3L-128000E DDR3 UDIMM 8GB (2x4GB) PC3L-128000E DDR3 UDIMM
Network controller HPE Ethernet 1Gb 2-port 332i Adapter HPE Ethernet 1Gb 2-port 332i Adapter
Storage controller HPE Dynamic Smart Array B129i Controller HPE Dynamic Smart Array B129i Controller
Hard Drive 2x Seagate IronWolf 4TB 2x Seagate IronWolf 8TB
Internal storage 4 LFF NHP-SATA HDD CAGE 4 LFF NHP-SATA HDD CAGE
PCI-Express slots 1 standard (1-Low Profile) PCIe 2.0 1 standard (1-Low Profile) PCIe 2.0
Power supply 150W 150W
Fans One (1) Non-redundant system fan ships standard One (1) Non-redundant system fan ships standard
Operating System Minebox OS 1.0? Minebox OS 1.0?
Form factor Ultra Micro Tower Ultra Micro Tower
Warranty 1-year parts 1-year parts
Size 229.7 x 232.4 x 245.1 mm 229.7 x 232.4 x 245.1 mm[code/]

that was top secret insider info now we will fly to 300x500 Cool #why did you do that? Wink weeee

If you want a SIA ASIC, buy the real thing: https://obelisk.tech/

This is the official (and only) SIA ASIC miner. Due to start shipping in June based on current development status.
i am interested but how about the price ?

$2499

https://PlasticBanQ.com is building the world’s first true 360-degree Reverse Logistics platform for Plastics Recycling, leveraging blockchain and our native cryptocurrency. Sign-up for Bounty Campaigns, Beta Test Program and Early Adopter status. https://bit.ly/2PfHzK3
Bitcointalk Pre-Ann Thread: https://bit.ly/2qv5ExU
DroidR17A
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October 30, 2017, 05:17:07 PM
 #6324

As far as I've read now on the website of sia - who can now stop every moment the preorder of the miners. and start production. More than half of the miners are sold. And I believe that even the start of production could increase the value of the sia. Do you not think so?

Presale ends late November, shipping is due to start around June 2018.

https://PlasticBanQ.com is building the world’s first true 360-degree Reverse Logistics platform for Plastics Recycling, leveraging blockchain and our native cryptocurrency. Sign-up for Bounty Campaigns, Beta Test Program and Early Adopter status. https://bit.ly/2PfHzK3
Bitcointalk Pre-Ann Thread: https://bit.ly/2qv5ExU
AltcoinTrader15
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October 31, 2017, 12:43:38 AM
 #6325

Down -50% but still hodling. The team is active and every thing they say is being accomplished. Wouldn't sell it.
Sincere_
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October 31, 2017, 01:16:35 AM
 #6326

Have low buy orders ready for Sia coin which is a great project Btc is very high right now so all alts are taking a beating
MuffinMaster
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October 31, 2017, 10:41:36 AM
 #6327

Can someone explain me what impact in the price level will have sale of miners?
Do the shipment already begun?
Hakkane
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October 31, 2017, 01:29:30 PM
 #6328

Can someone explain me what impact in the price level will have sale of miners?
Do the shipment already begun?

The latest expected shipping date will be June of next year, but it can happen sooner if they have the product ready earlier.

No one can predict what the price of Siacoin will be once released, but these are some factors to take in mind:

- A huge misconception of several users is thinking that the ASICs will increase the amount of mined coins every day. That's not true: the algorithm of Sia (and every other coin) adjust the difficulty of mining to the amount of hashing power on the network. The same amount of coins will be mined every day, but 70% or more of them will go to ASIC owners instead of the current GPU miners

- Most of mining is right now done by GPU dual-miners. Dual miners don't look for the Sia in the long term and most of the times don't even know what Sia is: they just mine Ether and as a side they mine some Siacoins they sell immediately for the extra profit of their mining operation. Obelisk owners are mainly long-term supporters of the project, so probably they are prone to hold their gains rather than sell them immediately. So there is a chance that after the release the selling volume will decrease

- There is no clear economic theory that explains it, but in the past every coin for which an ASIC was developed saw a rise in the price, once released. It happened with Bitcoin, it happened with script coins and it happened with Dash. It could be because becoming the network considerably more safe, it generates more trust on investors. It could be because the value of the coin gets linked to the cost of all the hardware that is securing the network.
metallicelmo
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October 31, 2017, 02:06:20 PM
 #6329

i saw this morning that i can buy a "Minebox siacoin" for around 1750 dollar but still not know if it could give some ROI , does anyone know how many sia i can mine with this (asic ?)
Code:
Specification Minebox 8TB Minebox 16TB
HP Model HP ProLiant MicroServer Gen8 G1610T HP ProLiant MicroServer Gen8 G1610T
HP Model version 819185-001 819185-001
Processor Intel® Celeron® G1610T 2.4GHz Intel® Celeron® G1610T 2.4GHz
Processor cores 2 cores 2 cores
Cache Memory 2MB (1x2MB) L3 cache 2MB (1x2MB) L3 cache
Memory 4GB (1x4GB) PC3L-128000E DDR3 UDIMM 8GB (2x4GB) PC3L-128000E DDR3 UDIMM
Network controller HPE Ethernet 1Gb 2-port 332i Adapter HPE Ethernet 1Gb 2-port 332i Adapter
Storage controller HPE Dynamic Smart Array B129i Controller HPE Dynamic Smart Array B129i Controller
Hard Drive 2x Seagate IronWolf 4TB 2x Seagate IronWolf 8TB
Internal storage 4 LFF NHP-SATA HDD CAGE 4 LFF NHP-SATA HDD CAGE
PCI-Express slots 1 standard (1-Low Profile) PCIe 2.0 1 standard (1-Low Profile) PCIe 2.0
Power supply 150W 150W
Fans One (1) Non-redundant system fan ships standard One (1) Non-redundant system fan ships standard
Operating System Minebox OS 1.0? Minebox OS 1.0?
Form factor Ultra Micro Tower Ultra Micro Tower
Warranty 1-year parts 1-year parts
Size 229.7 x 232.4 x 245.1 mm 229.7 x 232.4 x 245.1 mm[code/]

that was top secret insider info now we will fly to 300x500 Cool #why did you do that? Wink weeee

If you want a SIA ASIC, buy the real thing: https://obelisk.tech/

This is the official (and only) SIA ASIC miner. Due to start shipping in June based on current development status.
i am interested but how about the price ?

$2499

But how can this mine SIA? Based on these specs, this is just a HP Proliant server and not even a good one, just has a lot of disk space but does not seem to be an ASIC or even have a GPU
harsh1587
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October 31, 2017, 03:42:51 PM
 #6330

hows the project going on ,is there a telegram channel that gives updates about the price and project 
DroidR17A
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October 31, 2017, 04:57:57 PM
 #6331

i saw this morning that i can buy a "Minebox siacoin" for around 1750 dollar but still not know if it could give some ROI , does anyone know how many sia i can mine with this (asic ?)
Code:
Specification Minebox 8TB Minebox 16TB
HP Model HP ProLiant MicroServer Gen8 G1610T HP ProLiant MicroServer Gen8 G1610T
HP Model version 819185-001 819185-001
Processor Intel® Celeron® G1610T 2.4GHz Intel® Celeron® G1610T 2.4GHz
Processor cores 2 cores 2 cores
Cache Memory 2MB (1x2MB) L3 cache 2MB (1x2MB) L3 cache
Memory 4GB (1x4GB) PC3L-128000E DDR3 UDIMM 8GB (2x4GB) PC3L-128000E DDR3 UDIMM
Network controller HPE Ethernet 1Gb 2-port 332i Adapter HPE Ethernet 1Gb 2-port 332i Adapter
Storage controller HPE Dynamic Smart Array B129i Controller HPE Dynamic Smart Array B129i Controller
Hard Drive 2x Seagate IronWolf 4TB 2x Seagate IronWolf 8TB
Internal storage 4 LFF NHP-SATA HDD CAGE 4 LFF NHP-SATA HDD CAGE
PCI-Express slots 1 standard (1-Low Profile) PCIe 2.0 1 standard (1-Low Profile) PCIe 2.0
Power supply 150W 150W
Fans One (1) Non-redundant system fan ships standard One (1) Non-redundant system fan ships standard
Operating System Minebox OS 1.0? Minebox OS 1.0?
Form factor Ultra Micro Tower Ultra Micro Tower
Warranty 1-year parts 1-year parts
Size 229.7 x 232.4 x 245.1 mm 229.7 x 232.4 x 245.1 mm[code/]

that was top secret insider info now we will fly to 300x500 Cool #why did you do that? Wink weeee

If you want a SIA ASIC, buy the real thing: https://obelisk.tech/

This is the official (and only) SIA ASIC miner. Due to start shipping in June based on current development status.
i am interested but how about the price ?

$2499

But how can this mine SIA? Based on these specs, this is just a HP Proliant server and not even a good one, just has a lot of disk space but does not seem to be an ASIC or even have a GPU

Agreed, the only Sia ASIC is (or will be) the Obelisk.

https://PlasticBanQ.com is building the world’s first true 360-degree Reverse Logistics platform for Plastics Recycling, leveraging blockchain and our native cryptocurrency. Sign-up for Bounty Campaigns, Beta Test Program and Early Adopter status. https://bit.ly/2PfHzK3
Bitcointalk Pre-Ann Thread: https://bit.ly/2qv5ExU
Aquazi
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October 31, 2017, 05:16:57 PM
 #6332

by the time sc releases the miner it will be worth 1 sat

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    PoSToken       Free Airdrop ●  No-ICO ●  100% Annual Interest First Year
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barota
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October 31, 2017, 06:13:01 PM
 #6333

by the time sc releases the miner it will be worth 1 sat

A strange thing happened with the altcoins in the recent period

700 satoshi  in july . now 56 satoshi  Huh Are we heading to 1 satoshi ?

siacoin Similar to dogecoin?


steinkopf
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October 31, 2017, 06:37:53 PM
 #6334

This is not the only coin that people mine it's the story of every coin. Look at the supply chart one year will generate 7-9b coins? What do you think will happen when all these new coins comes in market? I know company will progress right?

I think you are still confusing what "the company" and "the network" are. Siacoins are the instrument for paying storage contracts on the Sia network. And Siacoin is a mined coin, what means that you are not buying the new coins to Nebulous ("the company" of the devs), but to a miner. The inflation of the coin is the mechanism to provide miners an incentive to keep securing the blockchain. In other words, Nebulous Inc does not take any benefit from the inflation. Moreover, Sia was not a premined coin by the devs.

The instrument that incentivizes the developers to keep working on Sia are the SiaFunds, the second asset of the network, that pays their holders a proportional part of the 3.9% of fees on every file contract formed on the network. Thus, developers get profit only if the cloud storage network of Sia gains massive adoption. And if that happens, the value of Sia will rise too, in order to accommodate all the demand of Sia storage, that can be paid only with Siacoins. So as you see, the interests of developers ("the company") and investors are aligned.

Very good explanation. I was never interested in mining, maybe you can enlighten me, in case I have Siacoins is it possible to do POS mining? Or it is only POW? I will appreciate if you could provide me with some links for "beginners" as I'm totally zero in this. Thanks

It's just speculation about technology, the truth is bad. sc was the worst reflection of recent weeks. Personally I am very disappointed with the purchase of sia coins. Supply is high, possibly due to high inflation?   Sad Sad Sad

Well, anyways, I took decision in July and had that feeling that did right choice as there is a product which is not bad in comparison, but due to make changes on the market   price is on the floor, I just wish I could buy now and not in July, but what to do, now  only can hope for the development and further growth.
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October 31, 2017, 07:06:55 PM
 #6335

What happened with this coin?

It used to be popular, and now it keeps crashing   Embarrassed

It's dead, sell it before it goes to few satoshis.

All people that kept saying to hold and buy in the last 6 months, they lost like 90 % of their money, sell this asap.

Company only cares about selling miners for its coin.

Very bad investment.

I will quote each person telling me the opposite one month from now december first, when coin es dead.

▓▓▓▓▓▓▓▓▓▓    ▶▶▶▶ Get Your Free Tokens Now ◀◀◀◀  First PoS Smart Contract Token
    PoSToken       Free Airdrop ●  No-ICO ●  100% Annual Interest First Year
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DroidR17A
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October 31, 2017, 07:18:23 PM
 #6336

What happened with this coin?

It used to be popular, and now it keeps crashing   Embarrassed

It's dead, sell it before it goes to few satoshis.

All people that kept saying to hold and buy in the last 6 months, they lost like 90 % of their money, sell this asap.

Company only cares about selling miners for its coin.

Very bad investment.

I will quote each person telling me the opposite one month from now december first, when coin es dead.

I don't think that's entirely true. Most of the alts have been tanking over the last few weeks due to the bitcoin hard forks. First Bitcoin Gold, and in two weeks, the Segwit2x fork. I think people are hoarding BTC in the hopes of doubling their money. If it's still tanking at the end of Nov, then there may be cause for concern. 

https://PlasticBanQ.com is building the world’s first true 360-degree Reverse Logistics platform for Plastics Recycling, leveraging blockchain and our native cryptocurrency. Sign-up for Bounty Campaigns, Beta Test Program and Early Adopter status. https://bit.ly/2PfHzK3
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narrrf
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October 31, 2017, 07:58:45 PM
Last edit: November 02, 2017, 10:03:08 AM by narrrf
 #6337

What happened with this coin?

It used to be popular, and now it keeps crashing   Embarrassed

It's dead, sell it before it goes to few satoshis.

All people that kept saying to hold and buy in the last 6 months, they lost like 90 % of their money, sell this asap.

Company only cares about selling miners for its coin.

Very bad investment.

I will quote each person telling me the opposite one month from now december first, when coin es dead.

I also disagree take a look at the usage of the network. I am investing for this in years and I promise all of you that SIA will survive.

FAQ:
https://siawiki.tech/faq

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

Sia Blog:
https://blog.sia.tech/


Dump to say  1 Satoshi, really man ...

When 1 company is on the boat, it will be 1000+ Satoshi again ... U will see ..

THANKS FOR ALL THE CHEAP SIA OUT THERE



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October 31, 2017, 08:26:31 PM
 #6338

by the time sc releases the miner it will be worth 1 sat

Currently Siacoin is the worst performing coin in past several weeks...
dont know whats happening
Hakkane
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October 31, 2017, 10:22:34 PM
 #6339

It's dead, sell it before it goes to few satoshis.

All people that kept saying to hold and buy in the last 6 months, they lost like 90 % of their money, sell this asap.

Company only cares about selling miners for its coin.

Very bad investment.

I will quote each person telling me the opposite one month from now december first, when coin es dead.

The only thing probably dead is the judgment skills of some people. Evaluating the status of a project by the price charts vs Bitcoin is a nosense, as Bitcoin has increased by 7x its value in the current year. It is like stating that you are driving backwards in a highway just because a faster car passed you by. If you compare the price vs FIAT, the value of SC has been moving in the range of 0.35-0.5 cents of dollar for several months.

But still, evaluating a project just by a price chart is dumb, and the biggest mistake of "investors" of the cryptosphere. Have you ever seen a Wall Street investor just looking stock charts exclusively and not quarterly reports, operational milestones and so of the companies he invests in?.

I posted this yesterday here, lets recap some facts:

<<Siacoin and the Sia network are working and healthy: Only yesterday 811 new contracts were formed for 2TB of new data stored on the network: https://siastats.info/new_contracts.html.

14414 new transactions on the network yesterday: https://siastats.info/transactions.html

Yesterday we reached a new yearly record of active contracts, with a total of 71472 https://siastats.info/active_contracts.html

6 Pull Requests have been merged to the main code on the last 7 days: https://github.com/NebulousLabs/Sia/pulse . 24 merged Pull Requests and 90 closed Issues in the last month. This public progress report was made by the CEO of Nebulous and Core developer David Vorik 4 days ago: https://www.reddit.com/r/siacoin/comments/78nr20/development_and_progress_update/

"Has anyone used the services of SIa project" you ask, @savetytdpbl? With more than 95TB of storage usage, 3.2PetaBytes of offered storage (https://siastats.info/hosts_network.html) and more than 300TB of used storage in the history of Sia (https://siastats.info/total_contracts.html), I would say: Obviously yes, and very successfully so far>>


Quote me on December or whenever you wish. If you really think that the value the coin will have on December has any relevance, you don't understand anything about Sia or the cryptoshere in general. Sia has an ambitious roadmap for the next 18 months. Let the core developers fulfill it and then come back to see where Siacoin is in terms of value
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November 01, 2017, 12:45:50 AM
 #6340

Evaluating the status of a project by the price charts vs Bitcoin is a nosense, as Bitcoin has increased by 7x its value in the current year. It is like stating that you are driving backwards in a highway just because a faster car passed you by. If you compare the price vs FIAT, the value of SC has been moving in the range of 0.35-0.5 cents of dollar for several months.

Well put, and while I said that there may be cause for concern if the price plummets in December, it's on the understanding that Bitcoin's value tanks after the Segwti2x drama plays out, and people reinvest in alts. I'm invested in Sia - otherwise I wouldn't have ordered an Obelisk  Grin

https://PlasticBanQ.com is building the world’s first true 360-degree Reverse Logistics platform for Plastics Recycling, leveraging blockchain and our native cryptocurrency. Sign-up for Bounty Campaigns, Beta Test Program and Early Adopter status. https://bit.ly/2PfHzK3
Bitcointalk Pre-Ann Thread: https://bit.ly/2qv5ExU
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