[ANN] Sia - Decentralized Storage

[Hakkane]

Lol, I'm talking about the sia wallet sync, which is taking forever and I can't access to the siacoins I sent from bittrex. From the previous page:

https://bitcointalk.org/index.php?topic=1060294.msg19675020#msg19675020

https://bitcointalk.org/index.php?topic=1060294.msg19675870#msg19675870

https://bitcointalk.org/index.php?topic=1060294.msg19677884#msg19677884

I could have sold the siacoins when the price was higher to buy some more Shift and get more profit than what I'm getting right now with SC (which is giving me zero profit right now, and I'm actually losing money since I sent them to the wallet), and maybe later I could buy some SC again with said profits, but I just can't because their sh*tty wallet needs an eternity to sync and in the meanwhile I can't access to my SC. I don't even know if my SC are in the wallet because I can't see the balance until the wallet is synchronized, but I guess they are there because they are not in Bittrex since I sent them.

If I had known that the sync could take this long, I would have never sent the SC to the wallet and I would have kept them in Bittrex until the sync was done, but nowhere in their site they warn that the sync can take such a long time and that in the meanwhile you just can't access your SC.

I bought the SC as a long term investment, but after this, as soon as the wallet is sync, I don't care what they announce this friday, I'll sell all my SC and will never look back, because it's not normal having to wait for DAYS until the wallet is sync and that in the meanwhile you can't access you SC and that this is not warned anywhere in their site.  

Downloading the blockchain on a HDD takes about 3 days. If you need to speed it up, use SSDs instead, and it will be only a few hors. It is an intesnsive process,a s every block has to be validated. Just relax and wait.

And stop blaming the software because it is your bad entirely. The question of "How long does it take to sync the blockchain" is asked every couple of days here. If you have checked previous pages you'll have seen the answer dozens of times. If you were a "long-term investor" as you mentioned, why selling so fast?. If you are a short-term speculator, why withdrawing from the exchange? If you wanted to withdraw, nevertheless, why didn't you did your part and investigate a bit about the coin before?

So this news that they might release some sort of ASIC specially built for SIA, this will speed up the blocks right? Will that cause them to be more rare when it reaches the point that there is less coins per block to be mined?

No, you are not understanding the principles of mining in crypto-currencies. If global hashing power increases, the protocol increases the difficulty so the average block time remains constant: 10 minutes

Does Sia Coin support running on a Raspberry Pi?!

64-bit machines are required. 8Gb RAM recommended. Far far away from the possibilities of a RPi, sorry. If you want a cheap 24/7 machine for hosting, why not an Intel NUC instead? ;-)

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[PorcoRosso]

Hi, tell me please, how restore old wallet v0.3.3.3 to the new?

[POPBuy]

is it true Nebolous labs gets a cut (something around 3%) for each storage contract???  

[Hakkane]

Hi, tell me please, how restore old wallet v0.3.3.3 to the new?

In the command line of the UI type "siac wallet load 033x (path of your wallet)"

is it true Nebolous labs gets a cut (something around 3%) for each storage contract??? 

Every file contract pays a fee of 3.9%. Those are paid to SiaFund holders. Only 10.000SF are available. 1200 were sold in an ICO. The rest is owned by the developers. It is an excellent way to encourage the devs to keep working for the success of the platform, as they'll have benefits only if Sia gets massive adoption.

[CryptoWinner]

Hi, tell me please, how restore old wallet v0.3.3.3 to the new?

In the command line of the UI type "siac wallet load 033x (path of your wallet)"

is it true Nebolous labs gets a cut (something around 3%) for each storage contract??? 

Every file contract pays a fee of 3.9%. Those are paid to SiaFund holders. Only 10.000SF are available. 1200 were sold in an ICO. The rest is owned by the developers. It is an excellent way to encourage the devs to keep working for the success of the platform, as they'll have benefits only if Sia gets massive adoption.

It's an interesting information, didn't know that. It's great for motivate the developers, true.

[Golftech]

Hi, tell me please, how restore old wallet v0.3.3.3 to the new?

In the command line of the UI type "siac wallet load 033x (path of your wallet)"

is it true Nebolous labs gets a cut (something around 3%) for each storage contract??? 

Every file contract pays a fee of 3.9%. Those are paid to SiaFund holders. Only 10.000SF are available. 1200 were sold in an ICO. The rest is owned by the developers. It is an excellent way to encourage the devs to keep working for the success of the platform, as they'll have benefits only if Sia gets massive adoption.

It's an interesting information, didn't know that. It's great for motivate the developers, true.

yeah right, more developers will be encourage to use the platform and for sure in every coin that will be develop using this platform it will hype
the value of sia lets all be positive and think for the best, sia still undervalued coin for me even its already rise up to maybe x10 or more, there's
a lots of improvement to happen.

[Exorth]

I see many people complaining about there are too many coins in circulation for the value to rise.
But do you know cloud storage will appeal amongst the masses and branch out to a population bigger than just people who want to buy anonymously with crypto such as Bitcoin.
If it breaks into this market in any scale, the price will fly.
Definitely a coin with great potential that has a good future. You'd be mad not to get in while it's cheap.

[dragonmike]

Guys, can someone please enlighten me on one specific issue: I am mining Sia and have transferred some proceeds to my local wallet. Will I be able to keep transferring to that same address or will I HAVE TO generate a new address every time, i.e. not being able to use the threshold-auto-payout function in the pool?

[carlisle1]

I see many people complaining about there are too many coins in circulation for the value to rise.
But do you know cloud storage will appeal amongst the masses and branch out to a population bigger than just people who want to buy anonymously with crypto such as Bitcoin.
If it breaks into this market in any scale, the price will fly.
Definitely a coin with great potential that has a good future. You'd be mad not to get in while it's cheap.

you got some point there mate, as we knew demands will hype the value of any project and if what this coin serve its purpose for sure things will be lighten up and the value will rise above our expectations, many things already happen inside crypto world and there's no exemption regarding to sia project while the dev continue to brings uses for his creation.

[el3f]

How can i mine this coin?

[AlteregoX]

Anybody has experience with hosting?

I would like to try but not sure which prices should i put

[Hakkane]

Guys, can someone please enlighten me on one specific issue: I am mining Sia and have transferred some proceeds to my local wallet. Will I be able to keep transferring to that same address or will I HAVE TO generate a new address every time, i.e. not being able to use the threshold-auto-payout function in the pool?

As with many other cryptocurrencies, a wallet is a collection of addresses. Every time you ask the client UI to give you an address it will be a new one (for security an anonymity reasons), but the old ones will keep working forever. Just be sure to never lose the recovery seed of your wallet ;-)

Anybody has experience with hosting?

I would like to try but not sure which prices should i put

Check this handbook first: https://forum.sia.tech/topic/1037/the-hosting-handbook

The most competitive hosts are targeting at the $1-2 as price per Tb/month. Bandwidth costs should be lower than storage pricing. Collateral optimally 2-3x the storage costs. Be sure to have a huge collateral budget if you plan to offer several TB's

[dragonmike]

Guys, can someone please enlighten me on one specific issue: I am mining Sia and have transferred some proceeds to my local wallet. Will I be able to keep transferring to that same address or will I HAVE TO generate a new address every time, i.e. not being able to use the threshold-auto-payout function in the pool?

As with many other cryptocurrencies, a wallet is a collection of addresses. Every time you ask the client UI to give you an address it will be a new one (for security an anonymity reasons), but the old ones will keep working forever. Just be sure to never lose the recovery seed of your wallet ;-)

Thanks, that's what I thought, but just wanted to make sure!

[grigoropol]

when the news this week ?

[meeekz]

What are the next milestones for Sia?
Any partnerships?

[Hakkane]

when the news this week ?

Tomorrow full announcement of the Obelisk SC1 miner.
Today an explanation of why they are developing ASICs: https://blog.sia.tech/choosing-asics-for-sia-b318505b5b51
Later this week or early next week, release of the software v.1.3 ("Capricorn") enabling file sharing

What are the next milestones for Sia?
Any partnerships?

This is the roadmap: https://trello.com/b/Io1dDyuI/sia-public-roadmap


EDIT --> Oh! Obelisk SC1 miner webpage is live: https://obelisk.tech/#  

[roboshark]

Be careful mining this coin. There is not working wallet for the coins.

I had to reinstall the SIA UI wallet and now the Seed and password phrase does not work anymore.
How the hell this coin can have this huge market cap if the wallet is a piece of shit.

Now I have stoppepd mining this coin because of the wallet problems.

[Roidz]

Be careful mining this coin. There is not working wallet for the coins.

I had to reinstall the SIA UI wallet and now the Seed and password phrase does not work anymore.
How the hell this coin can have this huge market cap if the wallet is a piece of shit.

Now I have stoppepd mining this coin because of the wallet problems.

maybe you just have the problem and you don't know how to move your coins. Elementar things if you don't want to lose money.

[roboshark]

Be careful mining this coin. There is not working wallet for the coins.

I had to reinstall the SIA UI wallet and now the Seed and password phrase does not work anymore.
How the hell this coin can have this huge market cap if the wallet is a piece of shit.

Now I have stoppepd mining this coin because of the wallet problems.

Ok now I got it up and running by using force init command to make a new wallet and then I recovered old wallet from the old seed.

[Dr Charles]

Be careful mining this coin. There is not working wallet for the coins.

I had to reinstall the SIA UI wallet and now the Seed and password phrase does not work anymore.
How the hell this coin can have this huge market cap if the wallet is a piece of shit.

Now I have stoppepd mining this coin because of the wallet problems.

Ok now I got it up and running by using force init command to make a new wallet and then I recovered old wallet from the old seed.

Sounds like a you problem. My wallet is working fine. Glad you got it working.