[ANN] Sia - Decentralized Storage

[10foldtony]

Anyone withdrawn SC from polo lately? Whats the current wait time for approval of pending transactions?

[1715237411]

1715237411

[boomboom]

how can you check the balance on a siacoin address?

any ideas?

block explorer looks like it only lets you search transactions, not addresses ....

Currently, balances can't be checked.

Presumably the block explorer will one day be updated to allow this but it's evidently not a priority atm.

wow, not being able to check balance for an address ... that's a pain, hopefully devs can make this feature a priority.

What? a priority? Why? I don't care about how much other people have in their wallets...that 'priority feature' offers no value to the coin's purpose. If I want to know my own balance, I'll just check my wallet.

Devs, do what you have to do you're all doing a great job! 

If you own siafunds in a cold storage wallet there's no way to check how much you're earning from the 3.9% fees, so it's a feature I'm looking forward to, when devs have time

Any news on the block explorer allowing address searching yet? I have 5 siafund in cold storage, would like to see how many fees they've been paid so far.

[metallicelmo]

Anyone withdrawn SC from polo lately? Whats the current wait time for approval of pending transactions?

Well I don't know if it is coin related but I've been waiting for three weeks for an ETH withdraw.  One Sia withdraw failed ( only 10 sia.. ) and that was four weeks ago... still waiting

[TKeenan]

The ASIC thing is disappointing IMO. Not that they're switching to ASIC, but the fact that they take the money immediately and that it could take a year to deliver. That BTC or ETH will be worth way more than $2500 by the time they actually ship, IF they ever ship. Seems like a rip-off to me. A year in the crypto world is also an eternity and who knows if SC will still be an interesting/profitable project by then. 

[leodolc]

Nice idea with this obelisk 

[Old_Timer]

The ASIC thing is disappointing IMO. Not that they're switching to ASIC, but the fact that they take the money immediately and that it could take a year to deliver. That BTC or ETH will be worth way more than $2500 by the time they actually ship, IF they ever ship. Seems like a rip-off to me. A year in the crypto world is also an eternity and who knows if SC will still be an interesting/profitable project by then. 

Well it was really disappointing, waited for a masternode feature or something like that.

Your coin is software people, stick to software and services.

who cares about a supposed miner machine launching a year from now?

[RhinoTrader]

Obelisk is solid project and worth the investment, only thing that makes the decision harder is the 1 year wait period, but if people can afford that the rewards are well worth the wait. You are looking at breaking even in just 3-4 months of getting the asics.
Im looking at getting one, especially since the devs said it would ship from the US.
My profits from Siacoin can easily afford that $2500 fee


Sia is a long term project, the ones who think "A year is eternity, what will happen in the crypto world " are just looking for short term profits and IMO better off looking elsewhere.
Strong hands win for Sia, not to mention the coin was trading at less than 100 satoshi's not too long ago. There are many holding it from 50 satoshi range when it was just an empty page, just now all the weaker hands have been attracted to it and voicing their strong opinions on what is pretty much a work in progress

[BTCBusinessConsult]

$2499 for an ASIC that will take 1 year to develop. That is the funniest thing ever. I seriously hope you guys are not foolish enough to actually try and buy one of those things.

Honestly, if they had working ASICs and were mining the MILLIONs of SIA they supposedly will be able to, you would see it on the network.

Take the $$ you would spend on this "asic in 1 year ( IE SCAM)" and buy Siacoin. Then next year you will say " hot dang im glad I listened to that BTCBusinessConsult guy because now I have 14,000 Sia coin and that ASIC never appeared and the price of Sia is now $0.45 each, and I only paid $0.02 for a 2000% profit".

But dont take my word for it  

[crypt0r3x]

something going on with the wallet?  I get A Sia-UI error has occured: Siad unexpectedly closed.  Using windows wallet.  Tried windows daemon as well and it cannot load correctly...

[Hakkane]

something going on with the wallet?  I get A Sia-UI error has occured: Siad unexpectedly closed.  Using windows wallet.  Tried windows daemon as well and it cannot load correctly...

1) Which software version are you using?

2) When opening in the command line, at which step stops? Can you provide what the command line indicates?

[Hakkane]

something going on with the wallet?  I get A Sia-UI error has occured: Siad unexpectedly closed.  Using windows wallet.  Tried windows daemon as well and it cannot load correctly...

1) Which software version are you using?
Sia UI Version: 1.0.2
Sia version 1.2.2

2) When opening in the command line, at which step stops? Can you provide what the command line indicates?

siad.exe -d "C:\Users\xxxxxxx\AppData\Roaming\Sia-UI\sia"
Loading...
(0/6) Loading siad...
(1/6) Loading gateway...
(2/6) Loading consensus...
(3/6) Loading transaction pool...
(4/6) Loading wallet...
(5/6) Loading host...
(6/6) Loading renter...
Closing host...
Closing wallet...
Closing transaction pool...
Closing consensus set...
Closing gateway..
unable to read persisted json object from disk: Sia-UI\sia\renter\contractor.json_temp: The system cannot find the file specified
.

happens after i fire up the UI after the daemon and trying to unlock wallet with seed.

Try unlocking the wallet first in the command line with the UI closed. Open siad.exe in one window, and in a second command type "siac wallet unlock". Paste your seed and if it unlocks successfully, try to go back to the UI

If that fails, delete the Sia folder you de-compressed (but keep the consensus, renter, host, walllet and so folders) and install it again from a freshly downloaded client

Be sure to download the v.1.2.2 and no other version

[obszoenling]

Hello,
reading about Sia brang up some questions.

1. Sia tries to ensure a 95% uptime of the hoster. That means the hosters computer must be 95% of the time running and connected to the internet. This doesn't apply to the average use. Does this mean there a only a few people using their computer for Sia hosting 25/7?

2. If a hoster with (a part of) my data is down, does this affect me directly that i can't access of this particular data? Or is there a back up, like saving the same data on multiple hosters to ensure that there is at least on online hoster.

3. How does the blockchain technology affects the speed of downloading my data from the cloud compared to "normal" cloud storage like amazon or dropbox? I guess the hoster with the slowest internet connection will default it, like the weakest link of the chain.

[Hakkane]

Hello,
reading about Sia brang up some questions.

1. Sia tries to ensure a 95% uptime of the hoster. That means the hosters computer must be 95% of the time running and connected to the internet. This doesn't apply to the average use. Does this mean there a only a few people using their computer for Sia hosting 25/7?

2. If a hoster with (a part of) my data is down, does this affect me directly that i can't access of this particular data? Or is there a back up, like saving the same data on multiple hosters to ensure that there is at least on online hoster.

3. How does the blockchain technology affects the speed of downloading my data from the cloud compared to "normal" cloud storage like amazon or dropbox? I guess the hoster with the slowest internet connection will default it, like the weakest link of the chain.

Good questions there:

1- The required uptime is actually 97% (95% is still risky if you don't want to lose collateral). For sure hosting is not for those that want to run hosting on a laptop or computer you usually turn on demand: you need a dedicated machine, in a similar way you need specialized gear for mining a crypto. That doesn't mean it is not for the "average" user: you can use a home server, a Minebox, or even cheaper, something like an Intel NUC. Currently the network is formed by 650 active hosts

2- Data is stored with a redundancy algorithm called Reed-Solomon. Your data is divided in chuncks and shared among 50 hosts with a 3x redundancy. That means that even if 2/3 of those 50 hosts go down, you still have access to your data

3- The blockchain is used only to submit the file contratcs, to enforce the payments, and for the hosts to submit their proofs of storage. The day-by-day data upload and download is a direct connection between the renter and his hosts. And it is blazing fast. And thanks to the 3x redundancy, even if you have a slow host, the other 2 for that piece of data will compensate

[Evlve]

I was not expecting the obelisk development to be hardware; it has some interesting implications for the future. From my research Sia has always been about the big picture and long term growth although I'm sure some early investors have been privy to amazing short term Profits as well. It can be really easy to step away from a project that isn't moving fast enough with the chaos that is this industry right now. In this case I think the Dev team and vision of Sia has carved their own path and is working on making it a canyon. Maybe that's just beginner investor speculation. Time will tell

[obszoenling]

Thank you for taking time.

Good questions there:

1- The required uptime is actually 97% (95% is still risky if you don't want to lose collateral). For sure hosting is not for those that want to run hosting on a laptop or computer you usually turn on demand: you need a dedicated machine, in a similar way you need specialized gear for mining a crypto. That doesn't mean it is not for the "average" user: you can use a home server, a Minebox, or even cheaper, something like an Intel NUC. Currently the network is formed by 650 active hosts

Is the number of hosts increasing or decreasing? I would expect a specialization progress like the bitcoin mining that small hosts can't compete against growing hosts who specialist in hosting for sia. Of course, in the case of bitcoin the gaining need of performance to mine the coins is an important factor. But also bigger hosting provider can work more efficient and provide better conditions than smaller one (and profit more).
I would expect that on the long turn only a few hosts will continue which is obviously against the sia philosophy. How is this handled or am I wrong?

3- The blockchain is used only to submit the file contratcs, to enforce the payments, and for the hosts to submit their proofs of storage. The day-by-day data upload and download is a direct connection between the renter and his hosts. And it is blazing fast. And thanks to the 3x redundancy, even if you have a slow host, the other 2 for that piece of data will compensate

So there is a mechanic that I automatically prefer the faster hosts?

[Hakkane]

Is the number of hosts increasing or decreasing? I would expect a specialization progress like the bitcoin mining that small hosts can't compete against growing hosts who specialist in hosting for sia. Of course, in the case of bitcoin the gaining need of performance to mine the coins is an important factor. But also bigger hosting provider can work more efficient and provide better conditions than smaller one (and profit more).
I would expect that on the long turn only a few hosts will continue which is obviously against the sia philosophy. How is this handled or am I wrong?

The number of hosts is actually increasing dramatically. 3 months ago we were 150, and today we are 650 in the network. While one could imagine only the top50 or top100 would survive, there are reasons that will avoid centralization:

- When the overall used space grows, top hosts will run out of space or collateral (probably sooner out of collateral), giving room for other hosts
- Certain renters will prefer only hosts in their specific country or region (a US hospital that wants to be HIPPA compliant, a EU company forced to store their client's data in EU servers)
- On future updates, manual culling and pickup of hosts will be improved, so renters will choose according to their needs: some hosts with a limited bandwidth specialize with a very cheap storage price and high bandwidth costs, so they'll pick up data from renters that want cold storage solutions

So there is a mechanic that I automatically prefer the faster hosts?

In general, as each piece data is 3x reduntant, the bottleneck is actually the faster of those 3 hosts ;-). But also, in a future update they'll implement latency as a factor for choosing the host when forming a contract, so by default you'll pick up the fastest and closest hosts

[crypt0r3x]

Try unlocking the wallet first in the command line with the UI closed. Open siad.exe in one window, and in a second command type "siac wallet unlock". Paste your seed and if it unlocks successfully, try to go back to the UI

If that fails, delete the Sia folder you de-compressed (but keep the consensus, renter, host, walllet and so folders) and install it again from a freshly downloaded client

Be sure to download the v.1.2.2 and no other version

Thanks. I ended up just renaming the Sia-UI folder in the Roaming folder and downloaded Sia-UI 1.2.2 and let it resync, and loaded wallet from seed.  All is good now.  Thanks.

-cryptorex

[hah]

Still think this is a pretty good coin to hold long term. The tech works and the dev been constantly working and improving it.

[Namiks]

So what is the point in decentralised storage when you centralise the mining?

[CryptoWinner]

$2499 for an ASIC that will take 1 year to develop. That is the funniest thing ever. I seriously hope you guys are not foolish enough to actually try and buy one of those things.

Honestly, if they had working ASICs and were mining the MILLIONs of SIA they supposedly will be able to, you would see it on the network.

Take the $$ you would spend on this "asic in 1 year ( IE SCAM)" and buy Siacoin. Then next year you will say " hot dang im glad I listened to that BTCBusinessConsult guy because now I have 14,000 Sia coin and that ASIC never appeared and the price of Sia is now $0.45 each, and I only paid $0.02 for a 2000% profit".

But dont take my word for it  

You might be sooo right!

Everything depends on when they will release it and how honest the ppl behind the asic will be (so they won't mine themselves). Also, I guess it's critical when will be the reserved manufacturing time on the factory...