[ANN] Sia - Decentralized Storage

[TalkingDisco]

just when will it recover...Sia is in a good way to turn into a shitcoin!

[rafzalan]

Sorry if i am wrong
https://siastats.info/hosts_network.html -> Used storage = 90.88TB [~nothing]
1TB HDD ~ 300$ -> 90.88 * 300$ = 27,264$
https://coinmarketcap.com/currencies/siacoin/ -> 127,426,091$

For a mature product (relative to other coins) plus many good ideas behind plus an active team it is frustrating.I mean used storage is so small and curves looks flat.  so why this happened?
Is there any map to change this situation?

[snakes-r-us]

Is there any map to change this situation?

The product is improving with each passing day making it more attractive for even more use cases and exciting integrations.

Also minebox.io has started shipping units last week, which will surely increase network utilisation:
http://mailchi.mp/10ff5ed7a543/mineboxos-goes-live

[rafzalan]

Is there any map to change this situation?

The product is improving with each passing day making it more attractive for even more use cases and exciting integrations.

Also minebox.io has started shipping units last week, which will surely increase network utilisation:
http://mailchi.mp/10ff5ed7a543/mineboxos-goes-live

Thanks I didnt know about minebox.io, could be wonderful, ATM price is near an AIRDROP!

[bitkolik]

Price reached a level where selling is not an option anymore. Either you win along with it or you are gonna perish...
It's a longterm project. I am waiting for the decreasing inflation rate in the next years...

[DOGG]

very nice project...any chance to participate?

You can:

• Mine
• Host
• Rent
• Buy & Hold
• Trade
• Contribute to code
• Contribute to community

[DOGG]

Guys what is the damn max supply of this coin?

30+ billion is already in circulation.. is there an end to this?

No there is no limit of coins in circulation: https://siastats.info/supply_inflation.html The number of mined coins decreases with every block, but the minimal will always be 30KS/block. However, this number will be less and less representative of the total coins in circulation: check the Inflation chart (second chart) on the link I provided.

Also take in mind in the future Proof of Burn mechanics will be used for hosts, so some coins will be burnt. With the proper adoption of storage, Sia can even become deflationary. Also, more adoption of the storage means more coins locked in contracts and collateral, so less circulating coins.

So i just checked this stats on Sia from the link you provided. What I could see:

1. from 2016 until now the token count is following the supply chart, which is 30+ billion. That's correct
2. If the token adds up with the chart, means there has been no any token burns. Or should this happen sometime in future? when? How much?
3. What is the inflation chart based on, any explanation behind it?.. don't get me wrong but i can make a chart like that also. What is it based on?

If no burn and max supply, the value will keep going down, because of constantly bigger supply.

The burn rate will be about 0.5%. Consider also that lost collateral is burned (right now).

[DOGG]

Sorry if i am wrong
https://siastats.info/hosts_network.html -> Used storage = 90.88TB [~nothing]
1TB HDD ~ 300$ -> 90.88 * 300$ = 27,264$
https://coinmarketcap.com/currencies/siacoin/ -> 127,426,091$

For a mature product (relative to other coins) plus many good ideas behind plus an active team it is frustrating.I mean used storage is so small and curves looks flat.  so why this happened?
Is there any map to change this situation?

Right now it's slow and there are issues with uploads getting stuck. You also have to back up a particular sia folder of renting, to be able to recover.

In the next version, the uploading issues are fixed and you only need your seed and password to recover. Two major steps... I also believe the sia to sia file sharing will be enabled. The UI is also improved.

These things will help with the utilisation.

There is also a lot of work being done around sia by 3rd parties such as the lite wallet and siaCDN.

[prehisto]

I hope that all of these problems will be resolved soon, since i think this has a huge potential . And not only in direct usage but also in other industries where safety would be very important regarding storage.

[aundroid]

Sorry if i am wrong
https://siastats.info/hosts_network.html -> Used storage = 90.88TB [~nothing]
1TB HDD ~ 300$ -> 90.88 * 300$ = 27,264$
https://coinmarketcap.com/currencies/siacoin/ -> 127,426,091$

For a mature product (relative to other coins) plus many good ideas behind plus an active team it is frustrating.I mean used storage is so small and curves looks flat.  so why this happened?
Is there any map to change this situation?

Right now it's slow and there are issues with uploads getting stuck. You also have to back up a particular sia folder of renting, to be able to recover.

In the next version, the uploading issues are fixed and you only need your seed and password to recover. Two major steps... I also believe the sia to sia file sharing will be enabled. The UI is also improved.

These things will help with the utilisation.

There is also a lot of work being done around sia by 3rd parties such as the lite wallet and siaCDN.

Any news when the next update will be released?
Hope in the future more and more people will use it and the price goes up again.

[gembitz]

Sorry if i am wrong
https://siastats.info/hosts_network.html -> Used storage = 90.88TB [~nothing]
1TB HDD ~ 300$ -> 90.88 * 300$ = 27,264$
https://coinmarketcap.com/currencies/siacoin/ -> 127,426,091$

For a mature product (relative to other coins) plus many good ideas behind plus an active team it is frustrating.I mean used storage is so small and curves looks flat.  so why this happened?
Is there any map to change this situation?

Right now it's slow and there are issues with uploads getting stuck. You also have to back up a particular sia folder of renting, to be able to recover.

In the next version, the uploading issues are fixed and you only need your seed and password to recover. Two major steps... I also believe the sia to sia file sharing will be enabled. The UI is also improved.

These things will help with the utilisation.

There is also a lot of work being done around sia by 3rd parties such as the lite wallet and siaCDN.

Any news when the next update will be released?
Hope in the future more and more people will use it and the price goes up again.

SIA is being under heavy accumulated by big whalezzz weeeee

https://poloniex.com/exchange#btc_sc

[bitmagic1984]

Its still going down.

[metallicelmo]

Do you guys know a way to make the windows client sync faster? Maybe I'm missing an update or maybe I can make it accept more connections? I don't open my wallet that often but let it sync every now and then.

[gembitz]

Do you guys know a way to make the windows client sync faster? Maybe I'm missing an update or maybe I can make it accept more connections? I don't open my wallet that often but let it sync every now and then.

i'm hearing SIA is the most likely to explode lotto pick weeeee

https://poloniex.com/exchange#btc_sc

[heresamemo]

  Any new news on Sia? Can you also stake sia in the wallet?! 

[Nightz]

Can someone here put in a nutshell what the main difference is between Storj and Sia?

Sia is a mineable coin, Storj is a token.
Both are developed for decentralized storage of data.
Price for capacity/bandwidth: Sia - every user is able to make custom offers, Storj - global price is set be Storj (easier for farmers...no need to care about supply and demand)
Another upcoming storage provider is Filecoin.

thanks mate. That was the nutshell I was asking for but wouldn't you say that Sia's pricing model leads to much more healthy price competition in the long run? We do not really want a central entity to tell us what to pay I would say.

[Namiks]

Any new news on Sia? Can you also stake sia in the wallet?! 

Proof-of-Stake kinda defeats the purpose of creating a currency that is supposed to be used.

If everyone is too busy staking and trying to create more Sia, less people are actually using the coin's features (file hosting).

[gembitz]

Any new news on Sia? Can you also stake sia in the wallet?!  

Proof-of-Stake kinda defeats the purpose of creating a currency that is supposed to be used.

If everyone is too busy staking and trying to create more Sia, less people are actually using the coin's features (file hosting).

SIA is super under the radars now* it should head back up to 300x500 satoshi range ..i keep hearing good things sia lucky weeee

https://poloniex.com/exchange#btc_sc

[geni]

SiaBerryOS version 1.2

https://github.com/ketetefid/SiaBerryOS   have you already tried it ?

[seven.71]

SIA prices are very low it looks like the whale is waiting for good news, hopefully in the near future