[ANN] Sia - Decentralized Storage

[MinermanNC]

Ethereum community is still looking for a storage solution (IPFS, swarm, etc) We'd appreciate your consideration a lot
https://twitter.com/EthereumPress/status/706877288902758400

Mm, imagine ethereum and sia working together  .....

Now that would be a match made in heaven 

I suppose its conceivable as both are still developing and growing.....

[cryptohunter]

If I were to attach a 5tb external drive to each of my miners (about 30 live atm)

Would the fact I only have 8mb upload speed total hinder sia token rewards?

Also what kind of resources does it take from each machine?

Very rough average return in sia coins per day for charging the going market rates?

[in-cred-u-lous]

If I were to attach a 5tb external drive to each of my miners (about 30 live atm)

Would the fact I only have 8mb upload speed total hinder sia token rewards?

Not really. Hosts are currently not selected based on their bandwidth, so you should get the same number of contracts regardless.

Also what kind of resources does it take from each machine?

Up to ~500Mb ram if you're running just a host. Some CPU but not excessive. Mostly during IBD and startup.

Next version are addressing RAM and CPU usage so this will be brought down soon.

Very rough average return in sia coins per day for charging the going market rates?

You might earn about 50 - 100 Siacoins / GB in the current market. There is limited uploading going on, due to renter limitations (again, being worked on by developers).

You probably will not earn a lot on Sia in today's market. Your disks will most likely not fill up. Earnings might pay your electricity. You will support the network, development and get some experience that might be valuable to you when Sia starts running full steam.

Important about running a host: you receive your earnings only at the end of a storage contract (usually 6 weeks). So, you want to keep your host running at least for that amount of time.

[bubbletea789]

can do a DAO presale (of siafund i suppose) like slock it hehe.
then SIA will be up there on the league of Slockit and Augur

Ethereum community is still looking for a storage solution (IPFS, swarm, etc) We'd appreciate your consideration a lot
https://twitter.com/EthereumPress/status/706877288902758400

Mm, imagine ethereum and sia working together  .....

Now that would be a match made in heaven 

I suppose its conceivable as both are still developing and growing.....

[ttx]

RC2 today or tomorrow /from poloniex trollbox

[bitspill]

RC2 today or tomorrow /from poloniex trollbox

Looks so funny with the trollbox bringing the news to the main thread.


Anyway, the source of that was one of the developers in Slack mentioned yesterday that RC2 might be "tonight or tomorrow" however there has been no other words yet about that.

[in-cred-u-lous]

RC2 today or tomorrow /from poloniex trollbox

Looks so funny with the trollbox bringing the news to the main thread.


Anyway, the source of that was one of the developers in Slack mentioned yesterday that RC2 might be "tonight or tomorrow" however there has been no other words yet about that.

Lets move the Slack channels to the Polo trollbox shall we?

[ttx]

Sia in Azure - can it be?
https://azure.microsoft.com/en-us/blog/azure-blockchain-update-6/

[Bimmerhead]

I'm unclear on how proof-of-burn thwarts Sybil attacks. Can someone point me to a good outline of how it would work?

[cryptohunter]

If I were to attach a 5tb external drive to each of my miners (about 30 live atm)

Would the fact I only have 8mb upload speed total hinder sia token rewards?

Not really. Hosts are currently not selected based on their bandwidth, so you should get the same number of contracts regardless.

Also what kind of resources does it take from each machine?

Up to ~500Mb ram if you're running just a host. Some CPU but not excessive. Mostly during IBD and startup.

Next version are addressing RAM and CPU usage so this will be brought down soon.

Very rough average return in sia coins per day for charging the going market rates?

You might earn about 50 - 100 Siacoins / GB in the current market. There is limited uploading going on, due to renter limitations (again, being worked on by developers).

You probably will not earn a lot on Sia in today's market. Your disks will most likely not fill up. Earnings might pay your electricity. You will support the network, development and get some experience that might be valuable to you when Sia starts running full steam.

Important about running a host: you receive your earnings only at the end of a storage contract (usually 6 weeks). So, you want to keep your host running at least for that amount of time.

Thanks for your answers. Interesting stuff.

[DreamSpace]

i have a problem with a older wallet, was not sure if i saved the latest wallet files, now i wanted to check the balances, but the amount is zero.
maybe there is an option to recreate the generated adresses from seed? i have 3 files: "a wallet encryption backup seed" & "wallet.json" & "wallet.log".
in the wallet i have some options to load a old "legacy wallet", to "paste a seed" and to load "a siag key", what are these options in specific (legacy wallet i know)
and what can i do to get the mined coins back?
thanks very much

[mangox]

This is promising. I like the idea and it has real world utility.

[willoweb]

nice idea....
love the idea of SIA in fact I was just wondering a few days ago I was thinking heck Id love to be able to store my file backups in a decentralized cloud and then BAM i "discover" SIA exists. Amazing...

[Taek]

i have a problem with a older wallet, was not sure if i saved the latest wallet files, now i wanted to check the balances, but the amount is zero.
maybe there is an option to recreate the generated adresses from seed? i have 3 files: "a wallet encryption backup seed" & "wallet.json" & "wallet.log".
in the wallet i have some options to load a old "legacy wallet", to "paste a seed" and to load "a siag key", what are these options in specific (legacy wallet i know)
and what can i do to get the mined coins back?
thanks very much

IMO, we could use some coin control and the ability to dump raw privkeys. I tire of the whole "let's backup the seed using a billion different representations" thing.

It wouldn't be too difficult to code yourself. Encrypted keys on disk are basically a requirement, effective userspace malware is ubiquitous these days. Don't put unencrypted keys in a 'wallet.dat' or 'wallet.json', it's just asking for theft.

I want to dedicate some time to making the wallet + seed UX better, but right now getting the new host+renter protocols online is my absolute priority. We're getting closer every week. We're trying really hard to get the 'rc' for that out by the end of March, seems possible but unlikely. The host just has 1 step left, I'm not sure how much is left for the renter.

[DreamSpace]

i have a problem with a older wallet, was not sure if i saved the latest wallet files, now i wanted to check the balances, but the amount is zero.
maybe there is an option to recreate the generated adresses from seed? i have 3 files: "a wallet encryption backup seed" & "wallet.json" & "wallet.log".
in the wallet i have some options to load a old "legacy wallet", to "paste a seed" and to load "a siag key", what are these options in specific (legacy wallet i know)
and what can i do to get the mined coins back?
thanks very much

IMO, we could use some coin control and the ability to dump raw privkeys. I tire of the whole "let's backup the seed using a billion different representations" thing.

It wouldn't be too difficult to code yourself. Encrypted keys on disk are basically a requirement, effective userspace malware is ubiquitous these days. Don't put unencrypted keys in a 'wallet.dat' or 'wallet.json', it's just asking for theft.

I want to dedicate some time to making the wallet + seed UX better, but right now getting the new host+renter protocols online is my absolute priority. We're getting closer every week. We're trying really hard to get the 'rc' for that out by the end of March, seems possible but unlikely. The host just has 1 step left, I'm not sure how much is left for the renter.

forgive my stupidness, but does it mean, my mined coins are not lost?

[Mr.Joker]

A lot of accumulating going on......

[ttx]

A lot of accumulating going on......

what does it mean?

[Mr.Joker]

Some big fishes are slowly collecting big amounts of coins

[ttx]

Some big fishes are slowly collecting big amounts of coins

well



so I also buy more.

[PondSea]

Hi Taek,

Could you please get back to me.