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xurious
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July 28, 2017, 11:57:28 AM |
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Why am I not surprised? in order to host files and earn money I'd need to have 2000 tokens in my wallet, this is like steemit, have some steem to have power when you up vote people and then earn money, no thanks.
Uh.... yea you have to have SC in your wallet in order to host files for others. The SC in your wallet becomes collateral so if you have a shit computer/connection and the files are never online then you lose your collateral. You dont just earn SC for nothing. If you didnt have to provide collateral to host files then the whole network would be garbage and you wouldnt be able to access your files when you need to. Bingo! |
SiaMining.com -- First PPS SiaMining Pool! 3%, VarDiff, Stratum Support
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"In a nutshell, the network works like a distributed
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unusualfacts30
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July 28, 2017, 12:15:57 PM |
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Is it still lucrative to "mine" Sia by providing disk space? How much will I need in order to make good revenues?
Offering your disk space is called "hosting" or "farming" (In opposition to "mining"). You set up your own pricing, but you have to be competitive in order to get file contracts. Top hosts target to $1-2/Tb/month. If have access to cheap HDDs, under certain scales and setups you could make ROI in less than a year. Right now the network is still underused, but the usage is growing fast, so probably in half year or 1 year good hosts will be able to host dozens of Terabytes an be profitable. Of course you'll still need cheap hardware (24/7 server-like infrastructure) and good bandwidth. But the advantages, compared to mining, is that electricity costs are minimal and there is not a increase in difficulty over time: if you remain competitive, you keep getting contracts Do you leave your computer on all the time? What about the cost of electricity? What happens if your hard drive crashes and you lose their files? Do you lose the tokens from your collateral? I have a junk pc set up that I don't use, perhaps I should use it for this. |
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Hakkane
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July 28, 2017, 02:04:08 PM |
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Do you leave your computer on all the time? What about the cost of electricity? What happens if your hard drive crashes and you lose their files? Do you lose the tokens from your collateral? I have a junk pc set up that I don't use, perhaps I should use it for this.
- Yes, you need to leave it on 24/7. Hosts need to fulfill Proofs of Storage over the course of the contract. If they don't (uptime of 97%) they lose both the potential earnings of the contract and the collateral put on that contract - If done properly, electricity costs can be negligible (under 50Watts). Consider low TDP CPUs, 5.4k rpm instead of 7.2k rpm disks... - If it crashes and you lose the data, you miss the Proofs of Storage and so you lose the contract and the collateral. If you have a multi-disk setup, using some RAID redundancy is a great idea to prevent data loss |
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BillCoin
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July 28, 2017, 02:15:29 PM |
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Why am I not surprised? in order to host files and earn money I'd need to have 2000 tokens in my wallet, this is like steemit, have some steem to have power when you up vote people and then earn money, no thanks.
Ofcrouse u would have to. It's a kind of collateral, in order to be a part of the network you have to invest in the network, it is also helps to prevent attacks by nodes, which will keep out from attacking because they have a collateral to lose. SC is pretty cheap now and 2000 tokens worth less then 2$, can't see a reason why someone who wants to earn from hosting files will give up on it just because he has to have a small collateral |
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PorcoRosso
Newbie
 Offline
Activity: 31
Merit: 0
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July 28, 2017, 09:37:31 PM |
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Guys tell please, i load old 0.3.3 wallet with command "siac wallet load 033x" and see all transaction, but balance is 0.
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luksbit
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July 28, 2017, 09:46:12 PM |
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Guys tell please, i load old 0.3.3 wallet with command "siac wallet load 033x" and see all transaction, but balance is 0.
I do not understand, is this an old version? And when you load your balance is zeroed? Did you backup the old wallet? |
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Hakkane
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July 28, 2017, 09:56:05 PM |
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Guys tell please, i load old 0.3.3 wallet with command "siac wallet load 033x" and see all transaction, but balance is 0.
Is your client fully synchronized to the blockchain? If not synchronized, it will not show the Tx until the block it was included in is downloaded |
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unusualfacts30
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July 29, 2017, 05:44:47 AM |
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Do you leave your computer on all the time? What about the cost of electricity? What happens if your hard drive crashes and you lose their files? Do you lose the tokens from your collateral? I have a junk pc set up that I don't use, perhaps I should use it for this.
- Yes, you need to leave it on 24/7. Hosts need to fulfill Proofs of Storage over the course of the contract. If they don't (uptime of 97%) they lose both the potential earnings of the contract and the collateral put on that contract - If done properly, electricity costs can be negligible (under 50Watts). Consider low TDP CPUs, 5.4k rpm instead of 7.2k rpm disks... - If it crashes and you lose the data, you miss the Proofs of Storage and so you lose the contract and the collateral. If you have a multi-disk setup, using some RAID redundancy is a great idea to prevent data loss Interesting. Thanks for the valuable info, I'll see if I can set it up and get at least one contract running to see how things work. IfI use 20 TB, what's ROI on that with lets say $1/TB |
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BillCoin
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July 29, 2017, 07:48:44 AM |
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Guys tell please, i load old 0.3.3 wallet with command "siac wallet load 033x" and see all transaction, but balance is 0.
I suggest you to update your wallet to the 1.3 version, it could be the problem. Anyway you should wait your wallet to sync with the network so you can see your last transactions |
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xtyling
Sr. Member
Offline
Activity: 588
Merit: 250
Crypto is Life!
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July 29, 2017, 08:44:58 AM |
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Is Siacoin the next big ROI on longterm for year 2018 ?
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obszoenling
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July 29, 2017, 09:55:25 AM |
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I asked the magic conch shell and it says "yes". So you can invest now.
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BillCoin
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July 29, 2017, 01:19:40 PM |
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Is Siacoin the next big ROI on longterm for year 2018 ?
I think SIA has a very bright future. The idea is genius and it opens the way to the cloud storage market which is very large, once one of the big companies find out and invest on it, it could skyrocket the price to new levels, just as happened with xrp. Sia market is pretty small now and has huge potential to grow. |
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narrrf
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July 29, 2017, 01:46:18 PM |
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Siacoin's deposite and withdraws freezed on Poloniex?
"SC is currently under maintenance or experiencing wallet/network issues. Deposits and withdrawals will remain disabled until a solution is found, which may require an update from the SC team. Any updates must be tested and audited before enabling."
Why?
How long is it freezed? And why?
Quoting myself, No answer? |
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Azzi
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July 29, 2017, 01:52:14 PM |
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I agree, this is why I bought an Obelisk. The market is rather large, but the dev team must make a popular app to create a recognizable brand while working on the back end. Mineboxes at outrageous prices do not help one bit, besides I think they should focus on the simplicity of the client side and marketing rather on the hosting side.
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Hakkane
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July 29, 2017, 03:43:19 PM |
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Siacoin's deposite and withdraws freezed on Poloniex?
"SC is currently under maintenance or experiencing wallet/network issues. Deposits and withdrawals will remain disabled until a solution is found, which may require an update from the SC team. Any updates must be tested and audited before enabling."
Why?
How long is it freezed? And why?
Quoting myself, No answer? Poloniex is experiencing problems not only with Sia, but with LTC, Golem and others as well. Bittrex is working currently without flaws. (...) I think they should focus on the simplicity of the client side and marketing rather on the hosting side.
Minebox is actually an independent company not related with the developing team (Nebulous) |
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gorkem
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July 29, 2017, 04:17:49 PM |
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is there any pool that has low cash out? cuz its 5k siacoin before i can withdraw it to my wallet,
is there any lower?
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bgibso01
Legendary
Offline
Activity: 1218
Merit: 1001
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July 29, 2017, 04:19:34 PM |
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Why am I not surprised? in order to host files and earn money I'd need to have 2000 tokens in my wallet, this is like steemit, have some steem to have power when you up vote people and then earn money, no thanks.
2000 tokens is a very small amount according to current price.. do expect price to rise in upcoming days.. |
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yillusion
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July 29, 2017, 04:29:31 PM |
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Why am I not surprised? in order to host files and earn money I'd need to have 2000 tokens in my wallet, this is like steemit, have some steem to have power when you up vote people and then earn money, no thanks.
2000 tokens is a very small amount according to current price.. do expect price to rise in upcoming days.. why does the sc price pump against the market, is there any good news? |
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Hakkane
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July 29, 2017, 04:43:42 PM
Last edit: July 29, 2017, 04:58:36 PM by Hakkane |
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is there any pool that has low cash out? cuz its 5k siacoin before i can withdraw it to my wallet,
is there any lower?
Which one are you using? Siamining has a threshold of 500SC and Nanopool of 1000SC why does the sc price pump against the market, is there any good news?
We had very good news in the last weeks: - Sia client version 1.3 released - Nebulous offered a bounty for creating a connection of Sia with Minio and there is already a working prototype (and this si cool, because it enables external file sharing though other popular services like Amazon S3). - Nebulous received a $400K grant from INBlockchain |
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dashingriddler
Legendary
Offline
Activity: 1258
Merit: 1001
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July 29, 2017, 08:56:33 PM |
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Siacoin's deposite and withdraws freezed on Poloniex?
"SC is currently under maintenance or experiencing wallet/network issues. Deposits and withdrawals will remain disabled until a solution is found, which may require an update from the SC team. Any updates must be tested and audited before enabling."
Why?
How long is it freezed? And why?
Quoting myself, No answer? Poloniex is experiencing problems not only with Sia, but with LTC, Golem and others as well. Bittrex is working currently without flaws. (...) I think they should focus on the simplicity of the client side and marketing rather on the hosting side.
Minebox is actually an independent company not related with the developing team (Nebulous) Hearing about them having problems with several other coins too with wallets not being synced or unavailable all together. Didn't even know if sia was available on bittrex until I checked when you just mentioned it. It is doing good today too on there. Wallet all synced up and ready for testing now on the new version of the updated version 1.3.1 codename: Capricorn.  And we have siacoin lift off!  Thanks from dashingriddler  |
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