[ANN] Sia - Decentralized Storage

[samspaces]

Guys, Do you know about BitMark Storage? 

?? Never heard of. Link please

Oh man, this looks awful.

http://www.bitmark.io/

[1715574520]

1715574520

[1715574520]

1715574520

[1715574520]

1715574520

[1715574520]

1715574520

[1715574520]

1715574520

[schnötzel]

Guys, Do you know about BitMark Storage? 

?? Never heard of. Link please

Oh man, this looks awful.

http://www.bitmark.io/

I ´m aware of Bitmark. But what the hell is BitMark Storage?

[currentvalue]

What is going to be the estimated price for a minebox?

[betaboot]

What is going to be the estimated price for a minebox?

It's around $800.

[beyinsi]

When will sc rise? hve u got any opinion guys??

[4emily]

Running v 1.1.0 on windows 10, 64 bit.

On opening the wallet the following error message appeared:

Siad not found

Sia-UI couldn't locate siad. Please navigate to siad.

How do I navigate to siad?

I've still got v. 1.0.4 installed, which still works.

Should I uninstall v. 1.0.4? Is that what's causing the error?

I have had v.1.1.0 installed for some time and up until now it's worked fine.

Thanks in advance for any advice

Bump - anyone?

[Taek]

Your config.json for some reason is pointing to the wrong location. I believe it's going to be in the same folder as the 'Sia-UI' executable.

[samspaces]

Bump

Where does the latest Sia-UI keep its files? It doesn't seem to put them in the /resources/app/Sia/ folder.

[4emily]

Your config.json for some reason is pointing to the wrong location. I believe it's going to be in the same folder as the 'Sia-UI' executable.

@Taek thanks for reply which, in view of my low tech skills, I'm unable (without further guidance) to follow through on.

However, I've since installed the latest wallet, v1.1.1, which is working fine  

[clovis A.]

The Amazon S3 Outage was a perfect example of why Sia is needed!

https://blog.sia.tech/decentralization-in-light-of-the-recent-amazon-s3-downtime-2e0f3496aaae

Just clicked on this^ blog in the Sia slack and wanted to make sure someone posted it over here. Taek always has good blog posts!


Here's another good blog post from Zach Herbert.....  
https://blog.sia.tech/why-blockchains-are-the-future-of-cloud-storage-91f0b48cfce9#.dshsgwi6a

[AU_AG]

When will sc rise? hve u got any opinion guys??

I can't see its possible for sia to rise in price. Sia needs to stay competitive in the storage space arena, and more and more supply will come online. I thought Medical space would be a good application but bigger players like amazon will crush anyone (Its not abt the technology Storj, sia etc etc its abt the known names and infrastructure and the money they can spend to win the contracts. ). Its like say any coin taking on bitcoin, not going to happen.

(Before u all start I am a Holder of a good amt but thinking of liquidating).

[Arvydas77]

It can easily got to 100 sat area this year but I don't expect this to happen in the first half of this year. Supply is also very huge and it is difficult to drive price up. However, last time Sia was building bull trend but immediate Bitcoin rise came up and price crashed.

[vanarebane]

When will sc rise? hve u got any opinion guys??

I can't see its possible for sia to rise in price. Sia needs to stay competitive in the storage space arena, and more and more supply will come online. I thought Medical space would be a good application but bigger players like amazon will crush anyone (Its not abt the technology Storj, sia etc etc its abt the known names and infrastructure and the money they can spend to win the contracts. ). Its like say any coin taking on bitcoin, not going to happen.

(Before u all start I am a Holder of a good amt but thinking of liquidating).

Sia has too much supply, and it is PoW coin, not like StorjX has a limited supply, therefore the price of siacoin is not easy to go high.

[the dream]

I want to mine siacoin with server from nicehash, is it possible?

[fbrotha]

When will the mineboxes be available?

[kjn311]

Alway good to re-post this one...

https://forum.sia.tech/topic/161/about-siacoins-calculation-and-supply

Recently many people asked questions about the calculation and supply of Siacoins. Many people actually have misconception of Siacoin’s supply and calculation. I am reposting a post about Siacoin’s supply I wrote couples of months ago and hope it is helpful to some poeple.

In Sia FAQ - "The number of siacoins created each block is (300,000 - height). The genesis block has a height of 0. After height 270,000, all blocks will have a reward of 30,000 siacoins. The current number of siacoins can be found at explore.siacoin.com"

Right now (March 26th, 2016) the Sia block height is 43,049. So it will need about another 4.3 years((270,000-43,049)/(144365)=4.3years) to hit the 270,000 block height to start the 30,000 coins constant rewards. In about 4.3 years when sia hits the 270,000 block height, there will be about 44.55 billion (((300,000+30,000)/2)270,000=44.55 billion) siacoins available in the market. From there, there will be about 1.57 billion (30,000144365=1.5678 billion) of siacoins coming out from the mining every year constantly. So in 5 years from today, there will be about 45.6 billion of siacoins available. In 10 years from today, there will be about 53.5 billion of siacoins available in the market.

I think Siacoin's inflation is not high. 5 years from now, the inflation is about 3.4%. 10 years from now, the inflation will be about 2.9%. 20 years from now is about 2.2%. In the long run, the inflation will be about 2% for long time. So in the long run, the inflation rate will probably be lower than the Sia network growth rate besides the lost coins.

In return, Sia gets a robust and secured network and Sia can focus on the long term growth of its business and ecosystem. Siacoin’s value eventually will depend on people's expectation on the growth of the business and ecosystem on Sia network. So once the market figures out the proper marketcap of Sia, we will see the real price of the Siacoins.

In v1.2.0, Sia will implement a host Proof of Burn mechanism in which hosts have to burn certain siacoins to show that they are real and sincere for business to counter the sybil attack. When Sia network is getting mature, the estimate annual burned siacoins can be 0.1% to 0.5% of total available siacoins. The burned siacoins will offset the inflation in the long run. At some point, it could result in a deflation of siacoins.

Here is also a Siacoin’s supply chart (by the courtesy of siapulse.com) - http://siapulse.com/page/market

In addition, research has indicated Bitcoin will be unstable when its block reward ends in the future - http://freedom-to-tinker.com/2016/10/21/bitcoin-is-unstable-without-the-block-reward/ and http://randomwalker.info/publications/mining_CCS.pdf . Sia won't have this problem in the future.

"So perhaps designers of new cryptocurrencies should make the block reward permanent and accept monetary inflation as inevitable. Transaction fees would still exist, but merely as an incentive for miners to include transactions in their blocks."

[overthetop2011]

Alway good to re-post this one...

https://forum.sia.tech/topic/161/about-siacoins-calculation-and-supply

Recently many people asked questions about the calculation and supply of Siacoins. Many people actually have misconception of Siacoin’s supply and calculation. I am reposting a post about Siacoin’s supply I wrote couples of months ago and hope it is helpful to some poeple.

In Sia FAQ - "The number of siacoins created each block is (300,000 - height). The genesis block has a height of 0. After height 270,000, all blocks will have a reward of 30,000 siacoins. The current number of siacoins can be found at explore.siacoin.com"

Right now (March 26th, 2016) the Sia block height is 43,049. So it will need about another 4.3 years((270,000-43,049)/(144365)=4.3years) to hit the 270,000 block height to start the 30,000 coins constant rewards. In about 4.3 years when sia hits the 270,000 block height, there will be about 44.55 billion (((300,000+30,000)/2)270,000=44.55 billion) siacoins available in the market. From there, there will be about 1.57 billion (30,000144365=1.5678 billion) of siacoins coming out from the mining every year constantly. So in 5 years from today, there will be about 45.6 billion of siacoins available. In 10 years from today, there will be about 53.5 billion of siacoins available in the market.

I think Siacoin's inflation is not high. 5 years from now, the inflation is about 3.4%. 10 years from now, the inflation will be about 2.9%. 20 years from now is about 2.2%. In the long run, the inflation will be about 2% for long time. So in the long run, the inflation rate will probably be lower than the Sia network growth rate besides the lost coins.

In return, Sia gets a robust and secured network and Sia can focus on the long term growth of its business and ecosystem. Siacoin’s value eventually will depend on people's expectation on the growth of the business and ecosystem on Sia network. So once the market figures out the proper marketcap of Sia, we will see the real price of the Siacoins.

In v1.2.0, Sia will implement a host Proof of Burn mechanism in which hosts have to burn certain siacoins to show that they are real and sincere for business to counter the sybil attack. When Sia network is getting mature, the estimate annual burned siacoins can be 0.1% to 0.5% of total available siacoins. The burned siacoins will offset the inflation in the long run. At some point, it could result in a deflation of siacoins.

Here is also a Siacoin’s supply chart (by the courtesy of siapulse.com) - http://siapulse.com/page/market

In addition, research has indicated Bitcoin will be unstable when its block reward ends in the future - http://freedom-to-tinker.com/2016/10/21/bitcoin-is-unstable-without-the-block-reward/ and http://randomwalker.info/publications/mining_CCS.pdf . Sia won't have this problem in the future.

"So perhaps designers of new cryptocurrencies should make the block reward permanent and accept monetary inflation as inevitable. Transaction fees would still exist, but merely as an incentive for miners to include transactions in their blocks."

Thanks for the useful info. I guess lots of ppl need it.

[AU_AG]

Alway good to re-post this one...

https://forum.sia.tech/topic/161/about-siacoins-calculation-and-supply

Recently many people asked questions about the calculation and supply of Siacoins. Many people actually have misconception of Siacoin’s supply and calculation. I am reposting a post about Siacoin’s supply I wrote couples of months ago and hope it is helpful to some poeple.

In Sia FAQ - "The number of siacoins created each block is (300,000 - height). The genesis block has a height of 0. After height 270,000, all blocks will have a reward of 30,000 siacoins. The current number of siacoins can be found at explore.siacoin.com"

Right now (March 26th, 2016) the Sia block height is 43,049. So it will need about another 4.3 years((270,000-43,049)/(144365)=4.3years) to hit the 270,000 block blah blah blabiddy blah blah blahblah blah blabiddy blah blah blahblah blah blabiddy blah blah blahblah blah blabiddy blah blah blahblah blah blabiddy blah blah blahblah blah blabiddy blah blah blahblah blah blabiddy blah blah blahblah blah blabiddy blah blah blahblah blah blabiddy blah blah blahblah blah blabiddy blah blah blahblah blah blabiddy blah blah blahblah blah blabiddy blah blah blahblah blah blabiddy blah blah blahblah blah blabiddy blah blah blahblah blah blabiddy blah blah blahblah blah blabiddy blah blah blahblah blah blabiddy blah blah blahblah blah blabiddy blah blah blahblah blah blabiddy blah blah blahblah blah blabiddy blah blah blahblah blah blabiddy blah blah blahblah blah blabiddy blah blah blahblah blah blabiddy blah blah blahblah blah blabiddy blah blah blahblah blah blabiddy blah blah blahblah blah blabiddy blah blah blah

Growing supply, competition, Bigger more established company in this space

Just a Talking point. Reality is reality

[kjn311]

I know different platform but interesting to note about Golem Project.

Given the number of storage-oriented projects in the decentralization/peer-to-peer world, it may seem surprising that one of Golem’s remaining unsolved issues is the resource-sharing mechanism. Unfortunately, what works for storage does not necessarily work for efficient file transfer. We’ll offer a more detailed explanation of this in a separate blog post, but what is clear for us now is that this area still needs a lot of research. For example, while IPFS has truly brain-melting long-term potential, we are having some difficulty in getting it to play well with Golem’s model. Meanwhile, we are working on concurrent solutions, which is one of the reasons we have not scaled up testnet just yet: At present, we have not decided which will make it to release along with IPFS. Certainly this will be subject to heavy debate and testing, so if you are a testnet user, don’t be surprised if some data is lost in transfer over the next few weeks — you have been warned!

https://blog.golemproject.net/golem-and-the-road-to-brass-990c6d210c8d#.3bt082y5i

[bv68bot]

I know different platform but interesting to note about Golem Project.

Given the number of storage-oriented projects in the decentralization/peer-to-peer world, it may seem surprising that one of Golem’s remaining unsolved issues is the resource-sharing mechanism. Unfortunately, what works for storage does not necessarily work for efficient file transfer. We’ll offer a more detailed explanation of this in a separate blog post, but what is clear for us now is that this area still needs a lot of research. For example, while IPFS has truly brain-melting long-term potential, we are having some difficulty in getting it to play well with Golem’s model. Meanwhile, we are working on concurrent solutions, which is one of the reasons we have not scaled up testnet just yet: At present, we have not decided which will make it to release along with IPFS. Certainly this will be subject to heavy debate and testing, so if you are a testnet user, don’t be surprised if some data is lost in transfer over the next few weeks — you have been warned!

https://blog.golemproject.net/golem-and-the-road-to-brass-990c6d210c8d#.3bt082y5i

I look at Golem, just plans mostly, project Elastic is a week from launching a viable distributed computing network, but so far no marketing effort, so no hype.

Crypto MK is heavily dominated by marketing, but only centralised projects can do it well, go figure