[ANN] Sia - Decentralized Storage

[n691309]

this is true? https://obelisk.tech/

yup ...

#crysx

I went to their website and I'm surprised about this asic, it says 100Gh/s which is more than 100 GPUs and cost really cheap at $2.5k, I made a calculation and the ROI can be reached within 3 weeks, wanted to pre-order one but saw that they will ship before or on June 30 but in 2018

Code:

Shipping costs are $35 per unit for US/Europe/China Customers and $70 per unit for anywhere else. 
Orders will ship on or before June 30, 2018.

Update: When trying to purchase: an unknown error has occurred and has been reported to the developers.

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[Hakkane]

I went to their website and I'm surprised about this asic, it says 100Gh/s which is more than 100 GPUs and cost really cheap at $2.5k, I made a calculation and the ROI can be reached within 3 weeks, wanted to pre-order one but saw that they will ship before or on June 30 but in 2018

Code:

Shipping costs are $35 per unit for US/Europe/China Customers and $70 per unit for anywhere else. 
Orders will ship on or before June 30, 2018.

Update: When trying to purchase: an unknown error has occurred and has been reported to the developers.

The ROI will probably be good, but not so short as 3 weeks. More probably 2-3 months. You are probably missing 2 factors:

- 1 obelisk added to the network is nothing, but if 10.000 obelisks are added, the network size will go 5x approximately, and so the difficulty. Thus, profitability will be 5 times less than today's

- Today's block reward is 190000, but in one year it will be 135000

Of course, if more than 10000 ASICs are sold, other manufacturers get there before them or second batches are delivered (while they are promising 2nd batch will never be delivered during a window of 6 weeks) the calculations will change

For the problem you are having in the purchase, I recommend you getting into the Slack or the Reddit and ask there. A lot of people had that problem too yesterday, but I think it was solved.

[CryptoRobert]

I went to their website and I'm surprised about this asic, it says 100Gh/s which is more than 100 GPUs and cost really cheap at $2.5k, I made a calculation and the ROI can be reached within 3 weeks, wanted to pre-order one but saw that they will ship before or on June 30 but in 2018

Code:

Shipping costs are $35 per unit for US/Europe/China Customers and $70 per unit for anywhere else. 
Orders will ship on or before June 30, 2018.

Update: When trying to purchase: an unknown error has occurred and has been reported to the developers.

The ROI will probably be good, but not so short as 3 weeks. More probably 2-3 months. You are probably missing 2 factors:

- 1 obelisk added to the network is nothing, but if 10.000 obelisks are added, the network size will go 5x approximately, and so the difficulty. Thus, profitability will be 5 times less than today's

- Today's block reward is 190000, but in one year it will be 135000

Of course, if more than 10000 ASICs are sold, other manufacturers get there before them or second batches are delivered (while they are promising 2nd batch will never be delivered during a window of 6 weeks) the calculations will change

For the problem you are having in the purchase, I recommend you getting into the Slack or the Reddit and ask there. A lot of people had that problem too yesterday, but I think it was solved.

It is completely crazy to buy an asic that will be delivered 1 year later. Things move too fast in this field, one year is an era.

[acdc]

No block explorer with the ability to check an address's balance is available yet. Some independent devs are working on that.

In the meantime, just use the Sia client to check it

Good to hear somebody is working on upgrading the block explorer to add address searching. Problem with using the Sia client is it's a disadvantage for  storing siafund tokens in a cold wallet , and checking the 3.9% fee payments for your address is important. I've got a couple of siafunds in a cold wallet, and I've absolutely no idea how many sia coins they've generated in fees yet.

[khash4u]

I went to their website and I'm surprised about this asic, it says 100Gh/s which is more than 100 GPUs and cost really cheap at $2.5k, I made a calculation and the ROI can be reached within 3 weeks, wanted to pre-order one but saw that they will ship before or on June 30 but in 2018

Code:

Shipping costs are $35 per unit for US/Europe/China Customers and $70 per unit for anywhere else. 
Orders will ship on or before June 30, 2018.

Update: When trying to purchase: an unknown error has occurred and has been reported to the developers.

The ROI will probably be good, but not so short as 3 weeks. More probably 2-3 months. You are probably missing 2 factors:

- 1 obelisk added to the network is nothing, but if 10.000 obelisks are added, the network size will go 5x approximately, and so the difficulty. Thus, profitability will be 5 times less than today's

- Today's block reward is 190000, but in one year it will be 135000

Of course, if more than 10000 ASICs are sold, other manufacturers get there before them or second batches are delivered (while they are promising 2nd batch will never be delivered during a window of 6 weeks) the calculations will change

For the problem you are having in the purchase, I recommend you getting into the Slack or the Reddit and ask there. A lot of people had that problem too yesterday, but I think it was solved.

It is completely crazy to buy an asic that will be delivered 1 year later. Things move too fast in this field, one year is an era.

I agree with both of you I have had same concerns in my previous posts in the thread. Good luck to those who paid for the 430 units presale so far...

[Razoo]

Progress looking great.

Do you mind telling us how many developers are currently working on Sia as a full-time job?

Yes, they are quite dedicated. Check out this AMA from reddit. It was from a year ago, but it still gives you a good feel for how tight the team is: https://www.reddit.com/r/siacoin/comments/4o1tu4/we_are_the_sia_core_team_aua/

A year ago? You got nothing more recent than that?

You got no ability to google things yourself? 

Apparently you got no ability to post anything newer than 1 year old.

[n691309]

I went to their website and I'm surprised about this asic, it says 100Gh/s which is more than 100 GPUs and cost really cheap at $2.5k, I made a calculation and the ROI can be reached within 3 weeks, wanted to pre-order one but saw that they will ship before or on June 30 but in 2018

Code:

Shipping costs are $35 per unit for US/Europe/China Customers and $70 per unit for anywhere else. 
Orders will ship on or before June 30, 2018.

Update: When trying to purchase: an unknown error has occurred and has been reported to the developers.

The ROI will probably be good, but not so short as 3 weeks. More probably 2-3 months. You are probably missing 2 factors:

- 1 obelisk added to the network is nothing, but if 10.000 obelisks are added, the network size will go 5x approximately, and so the difficulty. Thus, profitability will be 5 times less than today's

- Today's block reward is 190000, but in one year it will be 135000

Of course, if more than 10000 ASICs are sold, other manufacturers get there before them or second batches are delivered (while they are promising 2nd batch will never be delivered during a window of 6 weeks) the calculations will change

For the problem you are having in the purchase, I recommend you getting into the Slack or the Reddit and ask there. A lot of people had that problem too yesterday, but I think it was solved.

One year is really long in the crypto world, things move so fast that we don't know how far will go Sia next year, will it be available or will it shut down. I simply can't predict how much will be the difficulty after a year but when these asics come in market things will change too much. I have purchased 285k SIA at 2.2BTC, have I made a good decision? Price has been dropped a lot now!

[Razoo]

Well, the day here is half over and no news release yet for the remainder of the items on the website road map scheduled for release in June 2017. They must have missed the mark, but the day isn't over yet. But, I'm thinking they missed the mark. That would explain the current price and the lower prices to come over the next few weeks.

[Hakkane]

Well, the day here is half over and no news release yet for the remainder of the items on the website road map scheduled for release in June 2017. They must have missed the mark, but the day isn't over yet. But, I'm thinking they missed the mark. That would explain the current price and the lower prices to come over the next few weeks.

Taek has indicated they'll release the final v1.3 next Tuesday if anything else happens. Devs are very busy with the pre-reserve process of the ASIC and they are polishing some minor issues that testers of the RC2 have found, so I don't blame them for missing the mark for one week.

Frankly I don't think any trend on the market value of the coin is related to a delay on the software release. Nothing personal against speculators and "investors", but from my experience, most of them don't understand how Sia works or even what a blockchain is... So I find difficult they care about releasing or not features as "file repair" or "host pruning" 

[coinpreacher]

I think ASIC hardware will increase the coins worth a lot. People prove they thrust sia coin an put 2500 US in plus electricity.

But with this miner you can only mine SC, nothing else. For example, a bitmain antminer can mine bitcoin, zetacoin, digibyte, many more.

[philhellmuth]

VIDEO: Wild Promotion presents SIA - Truly decentralized blockchain hosting

[siampumpkin]

I went to their website and I'm surprised about this asic, it says 100Gh/s which is more than 100 GPUs and cost really cheap at $2.5k, I made a calculation and the ROI can be reached within 3 weeks, wanted to pre-order one but saw that they will ship before or on June 30 but in 2018

Code:

Shipping costs are $35 per unit for US/Europe/China Customers and $70 per unit for anywhere else. 
Orders will ship on or before June 30, 2018.

Update: When trying to purchase: an unknown error has occurred and has been reported to the developers.

The ROI will probably be good, but not so short as 3 weeks. More probably 2-3 months. You are probably missing 2 factors:

- 1 obelisk added to the network is nothing, but if 10.000 obelisks are added, the network size will go 5x approximately, and so the difficulty. Thus, profitability will be 5 times less than today's

- Today's block reward is 190000, but in one year it will be 135000

Of course, if more than 10000 ASICs are sold, other manufacturers get there before them or second batches are delivered (while they are promising 2nd batch will never be delivered during a window of 6 weeks) the calculations will change

For the problem you are having in the purchase, I recommend you getting into the Slack or the Reddit and ask there. A lot of people had that problem too yesterday, but I think it was solved.

One year is really long in the crypto world, things move so fast that we don't know how far will go Sia next year, will it be available or will it shut down. I simply can't predict how much will be the difficulty after a year but when these asics come in market things will change too much. I have purchased 285k SIA at 2.2BTC, have I made a good decision? Price has been dropped a lot now!

Sounds like to me they are going to finance the ASIC production with buyer's money, mine the coin for 6 months and run up the difficulty and make a ton of money and then ship out the used units to the purchasers. This has been a pattern, time and time again with mining hardware. That is if they ever ship anything at all. It is easy to put up a website, make fabulous claims, take people's BTC and then disappear. Just a thought, Buyers Beware

[henkcryptotank]

I went to their website and I'm surprised about this asic, it says 100Gh/s which is more than 100 GPUs and cost really cheap at $2.5k, I made a calculation and the ROI can be reached within 3 weeks, wanted to pre-order one but saw that they will ship before or on June 30 but in 2018

Code:

Shipping costs are $35 per unit for US/Europe/China Customers and $70 per unit for anywhere else. 
Orders will ship on or before June 30, 2018.

Update: When trying to purchase: an unknown error has occurred and has been reported to the developers.

The ROI will probably be good, but not so short as 3 weeks. More probably 2-3 months. You are probably missing 2 factors:

- 1 obelisk added to the network is nothing, but if 10.000 obelisks are added, the network size will go 5x approximately, and so the difficulty. Thus, profitability will be 5 times less than today's

- Today's block reward is 190000, but in one year it will be 135000

Of course, if more than 10000 ASICs are sold, other manufacturers get there before them or second batches are delivered (while they are promising 2nd batch will never be delivered during a window of 6 weeks) the calculations will change

For the problem you are having in the purchase, I recommend you getting into the Slack or the Reddit and ask there. A lot of people had that problem too yesterday, but I think it was solved.

One year is really long in the crypto world, things move so fast that we don't know how far will go Sia next year, will it be available or will it shut down. I simply can't predict how much will be the difficulty after a year but when these asics come in market things will change too much. I have purchased 285k SIA at 2.2BTC, have I made a good decision? Price has been dropped a lot now!

Sounds like to me they are going to finance the ASIC production with buyer's money, mine the coin for 6 months and run up the difficulty and make a ton of money and then ship out the used units to the purchasers. This has been a pattern, time and time again with mining hardware. That is if they ever ship anything at all. It is easy to put up a website, make fabulous claims, take people's BTC and then disappear. Just a thought, Buyers Beware

Do you know the sia team? I do. So i have 0 doubts.

Greets, Hank

[Razoo]

Getting really disappointed with the SIA price. I'd be better off dumping them all and mining one of the other 100's of coins who's price is running relatively flat or in the green. I'd be much further ahead.

[n691309]

One year is really long in the crypto world, things move so fast that we don't know how far will go Sia next year, will it be available or will it shut down. I simply can't predict how much will be the difficulty after a year but when these asics come in market things will change too much. I have purchased 285k SIA at 2.2BTC, have I made a good decision? Price has been dropped a lot now!

Sounds like to me they are going to finance the ASIC production with buyer's money, mine the coin for 6 months and run up the difficulty and make a ton of money and then ship out the used units to the purchasers. This has been a pattern, time and time again with mining hardware. That is if they ever ship anything at all. It is easy to put up a website, make fabulous claims, take people's BTC and then disappear. Just a thought, Buyers Beware

Exactly! If there would be a group buy and a trusted escrow chosen in the forum then I would participate even though it will take 1 year I would know that my money are safe.

Getting really disappointed with the SIA price. I'd be better off dumping them all and mining one of the other 100's of coins who's price is running relatively flat or in the green. I'd be much further ahead.

It's not just SIA, most of the coins are red now, and people have a good opportunity to invest now, these coins were never so cheap before.

Do you know the sia team? I do. So i have 0 doubts.

Greets, Hank

I don't, the number of people trusting them should be very low so mining 1 year and then sell the used asics isn't a good thing, is it?

[ZenFr]

For the storage lending : how did you fix the differents prices ?
Is there a market ? Where can I have the actuals regular prices ?

[Razoo]

One year is really long in the crypto world, things move so fast that we don't know how far will go Sia next year, will it be available or will it shut down. I simply can't predict how much will be the difficulty after a year but when these asics come in market things will change too much. I have purchased 285k SIA at 2.2BTC, have I made a good decision? Price has been dropped a lot now!

Sounds like to me they are going to finance the ASIC production with buyer's money, mine the coin for 6 months and run up the difficulty and make a ton of money and then ship out the used units to the purchasers. This has been a pattern, time and time again with mining hardware. That is if they ever ship anything at all. It is easy to put up a website, make fabulous claims, take people's BTC and then disappear. Just a thought, Buyers Beware

Exactly! If there would be a group buy and a trusted escrow chosen in the forum then I would participate even though it will take 1 year I would know that my money are safe.

Do you know the sia team? I do. So i have 0 doubts.

Greets, Hank

I don't, the number of people trusting them should be very low so mining 1 year and then sell the used asics isn't a good thing, is it?

Getting really disappointed with the SIA price. I'd be better off dumping them all and mining one of the other 100's of coins who's price is running relatively flat or in the green. I'd be much further ahead.

It's not just SIA, most of the coins are red now.

I don't see any of the other coins I could be mining right now dropping over 20% in value over the past 4 days except SIA.

[Hakkane]

For the storage lending : how did you fix the differents prices ?
Is there a market ? Where can I have the actuals regular prices ?

What do you mean with "fix different prices"? The pricing for hosting storage is decided by each individual host. If the value of the token changes, hosts manually change the pricing to adjust it to dollar values. For example, top hosts are targeting at $1-2/Tb/month all the time

http://siahub.info is a database of hosts. if you click on the "Score" column title it will order the hosts according to their rank, so you can see what top hosts are pricing. Most of the new file contracts will go to the top 50 of them

[Rumhurius]

outchy

[henkcryptotank]

A bottom being set?

Greets Hank