[ANN] Sia - Decentralized Storage

[Tmdz]

Dual mining is actually bad for miners, the reason is simple.  If people can mine both coins at once they no longer have to choose an algo to mine and it raises the hash rate in both.  Where if they had to choose a single coin then hash would be removed from one coin and used to mine on another.

Anyway Nano has released a Beta Sia pool, the stats or payouts are not really working yet but the hash is already sky rocketing.  Profitability is likely doomed on sia pretty soon.

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[adaseb]

So the nanopool is the only public pool out there?

[xsentus]

i fixed.


edit : omg this wallet need to download all blockchain transtions  before i got my siacoins.

[Tmdz]

I think currently nanopool is the only public one but on the sia fourm there is another one in a testing phase.  I think part of difficulty in running a Sia pool is the high server requirement where it uses alot of Cpu and ram.

Obviously if only 1 public pool stay true very long all the hash will be centralized.

[adaseb]

I am getting 280mh/s for my 7950/7970/280X and 400mh/s for my 290.

What speeds is everybody else getting?

[Tmdz]

I am getting 280mh/s for my 7950/7970/280X and 400mh/s for my 290.

What speeds is everybody else getting?

I have same cards, 7950 and 290s.

using standalone GO miner!

690 MH 7950

1000 MH 290

using the dual miner I have same speeds as you 250 ish mh and 400 mh on 290.

I don't really like using the dual miner that much as it pushes the card harder vs the standalone.

[nrg_wolf]

Is it just me, or does the pool fail to show close to the real has rate that's being produced?
have 3ghs via the miner, yet the pool page barely goes over 2.2ghs.......

[IncludeBeer]

Dual mining is actually bad for miners, the reason is simple.  If people can mine both coins at once they no longer have to choose an algo to mine and it raises the hash rate in both.  Where if they had to choose a single coin then hash would be removed from one coin and used to mine on another.

Anyway Nano has released a Beta Sia pool, the stats or payouts are not really working yet but the hash is already sky rocketing.  Profitability is likely doomed on sia pretty soon.

I really really disagree.  The point of miners is to decentralize and secure a network, which they get rewarded for in exchange.  Having software that allows 2x mining (decentralizing and securing) on a singe gpu?  Sounds like the next logical step to me.  I think you're just worried about the difficulty going up?

...And it's not like it's free to the miner either.  Dual mining requires more power for the gpu, increasing expenses to match the increased rewards.

[Tmdz]

I am worried about the difficulty rising but...

The added hash will not increase decentralization, it will actually have the opposite effect and centralize the network to a few pools.  Crypto will only be truly decentralized until it is unreasonable to solo mine and miners have no choice but to use pools for dependable payouts.

Sia Nanopool has been online for only 1 day and already 30%(and rising) of the network hash is centralized to that single location, if they reach 51% then it presents a serious security risk as they will have full voting control on forks and if they get hacked....

[adaseb]

Looks like this coin is getting MURDERED by huge mining farms.

#1 miner on nanopool is sending 500GH/s. That's like over 500 GPUs.

Looks like the difficulty will double by next adjustment in a few days.

[Amph]

So the nanopool is the only public pool out there?

and it's not working with cuda also pointless

Looks like this coin is getting MURDERED by huge mining farms.

#1 miner on nanopool is sending 500GH/s. That's like over 500 GPUs.

Looks like the difficulty will double by next adjustment in a few days.

it depend some gpu can do 2GH so those could be "only" 250

[ocminer]

Is there only this "gominer" and the merged miner available yet ?

From what I see both are using getwork which is not the most optimal way for (pool)mining ... But i'll have a look again.

[bbc.reporter]

I have read about Storj and came across SIA. How is SIA different than Storj and what does SIA have that makes it better in your opinion?

In all honesty, I became more interested when I saw the price shoot up really quick and thought there might be something in the platform that I missed.

they got a big discussion there, enjoy.
http://forum.sia.tech/topic/21/sia-vs-storj-vs-maidsafe/20

Thanks for providing the link. I will start reading it now so that we could discuss further.

[Amph]

Is there only this "gominer" and the merged miner available yet ?

From what I see both are using getwork which is not the most optimal way for (pool)mining ... But i'll have a look again.

there is the cudaminer also with two fork

[ocminer]

Is there only this "gominer" and the merged miner available yet ?

From what I see both are using getwork which is not the most optimal way for (pool)mining ... But i'll have a look again.

there is the cudaminer also with two fork

Yeah but no pool at all from what I see.. I'm gonna try to talk to Epsylon3 and maybe get something going

[DreamSpace]

some different pools would be great

[bbc.reporter]

I just read that SIA is going after enterprises to use its platform. My question is have the SIA people started talking to them? If yes, which enterprises are looking forward to use and experiment with the platform? If not, what kind of enterprises are your ideal users?

[adaseb]

How long for coins to mature?

[Factmine]

I just read that SIA is going after enterprises to use its platform. My question is have the SIA people started talking to them? If yes, which enterprises are looking forward to use and experiment with the platform? If not, what kind of enterprises are your ideal users?

Can SIA collaborate with EMC, another cloud storage company? What is the benefit for those companies?

[cryptomaxsun]

What pools for mining there except nanopoola?