Bitcoin Forum
December 12, 2019, 02:49:34 AM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 [128] 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 ... 486 »
  Print  
Author Topic: [ANN] Sia - Decentralized Storage  (Read 1346467 times)
chup
Sr. Member
****
Offline Offline

Activity: 704
Merit: 262


Me, Myself & I


View Profile
December 23, 2015, 09:49:27 AM
 #2541


We aren't using the same technology that they are using. Are you familiar with Reed-Solomon coding? It makes storing files online substantially more fault tolerant. Currently, we store 5 copies of the file across 10 hosts. The original file can be recovered from *any* 2 of the hosts, which means that you just need 20% of the hosts to be online when you want the file. Host uptime on our network is over 90%, so the chance that a full 8 out of 10 are going to be down is very slim. These numbers will get substantially better as the number of hosts increase, but already they are good enough to not be causing problems.

Interally, most datacenters do you 3 redundancy, by the way. Additionally, as you can see from our pricing we are able to compete on price, even at this early stage.

Still 3 times more space needed. Meaning, SIA hosts should level hosting prices being more than 3 times lower compared to existing cloud services. I don't think that profi high-capacity data centers could offer 4 times lower price. Hobby hosts could do that. And SIA needs many of them to be able to knock on Mega's door and say "look what capacity and price I can offer"...

1576118974
Hero Member
*
Offline Offline

Posts: 1576118974

View Profile Personal Message (Offline)

Ignore
1576118974
Reply with quote  #2

1576118974
Report to moderator
1576118974
Hero Member
*
Offline Offline

Posts: 1576118974

View Profile Personal Message (Offline)

Ignore
1576118974
Reply with quote  #2

1576118974
Report to moderator
1576118974
Hero Member
*
Offline Offline

Posts: 1576118974

View Profile Personal Message (Offline)

Ignore
1576118974
Reply with quote  #2

1576118974
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1576118974
Hero Member
*
Offline Offline

Posts: 1576118974

View Profile Personal Message (Offline)

Ignore
1576118974
Reply with quote  #2

1576118974
Report to moderator
1576118974
Hero Member
*
Offline Offline

Posts: 1576118974

View Profile Personal Message (Offline)

Ignore
1576118974
Reply with quote  #2

1576118974
Report to moderator
MinermanNC
Legendary
*
Offline Offline

Activity: 2072
Merit: 1000



View Profile
December 23, 2015, 02:36:27 PM
Last edit: December 23, 2015, 03:24:02 PM by MinermanNC
 #2542

looks like a decent project but coin supply is retarded sadly Smiley
Does it really matter how many coins there are? The price of storage use will be set by the host. Whether there is 1 billion or 20 billion coins. I think the important aspect of the large coin supply is to insure there is enough to meet large scale storage demands.

What you may pay now or in the future on an exchange for coins is less a factor minus speculation, for what you may be paying when you use them for storage hosting. Of course if hosting goes up per GB/month then it will require you to purchase more coins to meet your needs, which I assume will push up exchange prices. The eco system will balance itself out. Also miners will not mine at a loss, so that will effect prices as well. But to say there is a retarded amount of coins... well we just have no way to determine that right now.  Smiley

*BTC: 1DiR25SPo84sThzTATr27EZEQZLt6hv6tG
Taek
Hero Member
*****
Offline Offline

Activity: 543
Merit: 500



View Profile
December 23, 2015, 10:04:00 PM
 #2543


We aren't using the same technology that they are using. Are you familiar with Reed-Solomon coding? It makes storing files online substantially more fault tolerant. Currently, we store 5 copies of the file across 10 hosts. The original file can be recovered from *any* 2 of the hosts, which means that you just need 20% of the hosts to be online when you want the file. Host uptime on our network is over 90%, so the chance that a full 8 out of 10 are going to be down is very slim. These numbers will get substantially better as the number of hosts increase, but already they are good enough to not be causing problems.

Interally, most datacenters do you 3 redundancy, by the way. Additionally, as you can see from our pricing we are able to compete on price, even at this early stage.

Still 3 times more space needed. Meaning, SIA hosts should level hosting prices being more than 3 times lower compared to existing cloud services. I don't think that profi high-capacity data centers could offer 4 times lower price. Hobby hosts could do that. And SIA needs many of them to be able to knock on Mega's door and say "look what capacity and price I can offer"...

I do believe that the data disagrees with you. Also, at today's prices it's quite manageable for a professional hosting service to undercut Amazon by about 3x, Amazon has a huge markup because they are the name that everyone recognizes. Sia makes needing that name irrelevant, which is one of our biggest innovations.
akaman
Sr. Member
****
Offline Offline

Activity: 247
Merit: 250


View Profile
December 23, 2015, 11:15:44 PM
 #2544

Interally, most datacenters do you 3 redundancy, by the way. Additionally, as you can see from our pricing we are able to compete on price, even at this early stage.

Still 3 times more space needed. Meaning, SIA hosts should level hosting prices being more than 3 times lower compared to existing cloud services. I don't think that profi high-capacity data centers could offer 4 times lower price. Hobby hosts could do that. And SIA needs many of them to be able to knock on Mega's door and say "look what capacity and price I can offer"...

Just a word on MEGA. Kim Dotcom lost his extradition case. Both him and very likely his closest collaborators may find themselves soon on a plane to the US. Also, he's basically broke. I've moved all my stuff of MEGA as I'm waiting for the house of cards to fall very soon. All the better for Sia of course. I think a lot of MEGA folks will start looking for alternative safe storage.
etoque
Legendary
*
Offline Offline

Activity: 1806
Merit: 1000


View Profile
December 23, 2015, 11:53:31 PM
 #2545

At this price I feel stupid to not buying a little amount of sia...

Did someone know what coming in box ? Smiley

Thanks
MinermanNC
Legendary
*
Offline Offline

Activity: 2072
Merit: 1000



View Profile
December 24, 2015, 04:02:00 AM
 #2546

Interally, most datacenters do you 3 redundancy, by the way. Additionally, as you can see from our pricing we are able to compete on price, even at this early stage.

Still 3 times more space needed. Meaning, SIA hosts should level hosting prices being more than 3 times lower compared to existing cloud services. I don't think that profi high-capacity data centers could offer 4 times lower price. Hobby hosts could do that. And SIA needs many of them to be able to knock on Mega's door and say "look what capacity and price I can offer"...

Just a word on MEGA. Kim Dotcom lost his extradition case. Both him and very likely his closest collaborators may find themselves soon on a plane to the US. Also, he's basically broke. I've moved all my stuff of MEGA as I'm waiting for the house of cards to fall very soon. All the better for Sia of course. I think a lot of MEGA folks will start looking for alternative safe storage.
Hmmm good observation and point  Wink Perhaps opportunity knocks lol

Really I think all that is holding Sia back right now more than likely, is the next version release(s) I say holding back for lack of a better word. I think many are waiting in the wings on future Sia releases that will address some of the bigger user friendly issues more than anything else. For those of us who have followed or are invested in Sia, our confidence in the concept is already there! We know it works as it should in terms of security and redundancy etc. ( the meat and potato's ) of it, is all good  Grin

*BTC: 1DiR25SPo84sThzTATr27EZEQZLt6hv6tG
mitache365
Hero Member
*****
Offline Offline

Activity: 731
Merit: 500


View Profile
December 24, 2015, 07:12:08 AM
 #2547

At this price I feel stupid to not buying a little amount of sia...

Did someone know what coming in box ? Smiley

Thanks

Will be good to get some at 3, but I am not sure will happen again soon!

BTC
tolstoy
Member
**
Offline Offline

Activity: 89
Merit: 10


View Profile
December 24, 2015, 03:53:45 PM
 #2548

Google Dedicates $1M In Research Grants To Keep Google Drive Safe
http://techcrunch.com/2015/12/17/google-dedicates-1m-in-research-grants-to-keep-google-drive-safe/

Are there plans to have a security researcher to do a code review?
The bigger players all have the means. Maybe a bounty can attract a CompSci PhD student or alum.

mishax1
Legendary
*
Offline Offline

Activity: 2100
Merit: 1002


View Profile
December 24, 2015, 05:14:59 PM
 #2549

At this price I feel stupid to not buying a little amount of sia...

Did someone know what coming in box ? Smiley

Thanks

Will be good to get some at 3, but I am not sure will happen again soon!

3-4 sat is an easy buy.
kenobius
Legendary
*
Offline Offline

Activity: 1650
Merit: 1033


View Profile
December 25, 2015, 06:58:40 AM
 #2550

How much Sia total?
mitache365
Hero Member
*****
Offline Offline

Activity: 731
Merit: 500


View Profile
December 25, 2015, 04:41:04 PM
 #2551

How much Sia total?

8.5 billion

BTC
MinermanNC
Legendary
*
Offline Offline

Activity: 2072
Merit: 1000



View Profile
December 25, 2015, 07:02:45 PM
 #2552

Merry Christmas everyone!

MMNC Smiley

*BTC: 1DiR25SPo84sThzTATr27EZEQZLt6hv6tG
Haunebu81
Hero Member
*****
Offline Offline

Activity: 525
Merit: 500


View Profile
December 25, 2015, 08:07:02 PM
 #2553

Wow the sell order book looks very thick! Shocked
Shunak
Full Member
***
Offline Offline

Activity: 168
Merit: 100



View Profile
December 25, 2015, 08:10:36 PM
 #2554

Is this project like maid?
What is the difference?
pallas
Legendary
*
Offline Offline

Activity: 2212
Merit: 1087


Black Belt Developer


View Profile
December 25, 2015, 08:38:14 PM
 #2555

Is this project like maid?
What is the difference?

Sia concentrates on storage. Maid includes other resources as well.

MonsterZeroPrice
Full Member
***
Offline Offline

Activity: 238
Merit: 100



View Profile
December 25, 2015, 11:09:43 PM
 #2556

What are the advantages and disadvantages of sia compared to sjcx?

Feel free to answer in much detail.
MinermanNC
Legendary
*
Offline Offline

Activity: 2072
Merit: 1000



View Profile
December 26, 2015, 03:44:22 AM
 #2557

What are the advantages and disadvantages of sia compared to sjcx?

Feel free to answer in much detail.
You cant be serious? lol Go do a little homework on both, then write up an essay and post it back in here for us all. Let us know what you find.  Wink

Sorry but I would never post a question like that in any forums......

*BTC: 1DiR25SPo84sThzTATr27EZEQZLt6hv6tG
mishax1
Legendary
*
Offline Offline

Activity: 2100
Merit: 1002


View Profile
December 26, 2015, 11:35:09 AM
 #2558

What are the advantages and disadvantages of sia compared to sjcx?

Feel free to answer in much detail.

Mainly, Sia is mined using GPU's(don't really know why) while SJCX is "mined" with your free storage space.
MonsterZeroPrice
Full Member
***
Offline Offline

Activity: 238
Merit: 100



View Profile
December 26, 2015, 12:15:56 PM
 #2559

Sia price is free of speculation and that is great.
MonsterZeroPrice
Full Member
***
Offline Offline

Activity: 238
Merit: 100



View Profile
December 26, 2015, 12:16:54 PM
 #2560

I really hope that those Pump and Dump groups will not overbuy siacoin because that is not healthy.
Pages: « 1 ... 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 [128] 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 ... 486 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!