[ANN] Sia - Decentralized Storage

[harsh1587]

hows the project going on ,is there a telegram channel that gives updates about the price and project 

[1714028818]

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[DroidR17A]

i saw this morning that i can buy a "Minebox siacoin" for around 1750 dollar but still not know if it could give some ROI , does anyone know how many sia i can mine with this (asic ?)

Code:

Specification Minebox 8TB Minebox 16TB
HP Model HP ProLiant MicroServer Gen8 G1610T HP ProLiant MicroServer Gen8 G1610T
HP Model version 819185-001 819185-001
Processor Intel® Celeron® G1610T 2.4GHz Intel® Celeron® G1610T 2.4GHz
Processor cores 2 cores 2 cores
Cache Memory 2MB (1x2MB) L3 cache 2MB (1x2MB) L3 cache
Memory 4GB (1x4GB) PC3L-128000E DDR3 UDIMM 8GB (2x4GB) PC3L-128000E DDR3 UDIMM
Network controller HPE Ethernet 1Gb 2-port 332i Adapter HPE Ethernet 1Gb 2-port 332i Adapter
Storage controller HPE Dynamic Smart Array B129i Controller HPE Dynamic Smart Array B129i Controller
Hard Drive 2x Seagate IronWolf 4TB 2x Seagate IronWolf 8TB
Internal storage 4 LFF NHP-SATA HDD CAGE 4 LFF NHP-SATA HDD CAGE
PCI-Express slots 1 standard (1-Low Profile) PCIe 2.0 1 standard (1-Low Profile) PCIe 2.0
Power supply 150W 150W
Fans One (1) Non-redundant system fan ships standard One (1) Non-redundant system fan ships standard
Operating System Minebox OS 1.0? Minebox OS 1.0?
Form factor Ultra Micro Tower Ultra Micro Tower
Warranty 1-year parts 1-year parts
Size 229.7 x 232.4 x 245.1 mm 229.7 x 232.4 x 245.1 mm[code/]

that was top secret insider info now we will fly to 300x500 #why did you do that? weeee

If you want a SIA ASIC, buy the real thing: https://obelisk.tech/

This is the official (and only) SIA ASIC miner. Due to start shipping in June based on current development status.

i am interested but how about the price ?

$2499

But how can this mine SIA? Based on these specs, this is just a HP Proliant server and not even a good one, just has a lot of disk space but does not seem to be an ASIC or even have a GPU

Agreed, the only Sia ASIC is (or will be) the Obelisk.

[Aquazi]

by the time sc releases the miner it will be worth 1 sat

[barota]

by the time sc releases the miner it will be worth 1 sat

A strange thing happened with the altcoins in the recent period

700 satoshi  in july . now 56 satoshi  Are we heading to 1 satoshi ?

siacoin Similar to dogecoin?

[steinkopf]

This is not the only coin that people mine it's the story of every coin. Look at the supply chart one year will generate 7-9b coins? What do you think will happen when all these new coins comes in market? I know company will progress right?

I think you are still confusing what "the company" and "the network" are. Siacoins are the instrument for paying storage contracts on the Sia network. And Siacoin is a mined coin, what means that you are not buying the new coins to Nebulous ("the company" of the devs), but to a miner. The inflation of the coin is the mechanism to provide miners an incentive to keep securing the blockchain. In other words, Nebulous Inc does not take any benefit from the inflation. Moreover, Sia was not a premined coin by the devs.

The instrument that incentivizes the developers to keep working on Sia are the SiaFunds, the second asset of the network, that pays their holders a proportional part of the 3.9% of fees on every file contract formed on the network. Thus, developers get profit only if the cloud storage network of Sia gains massive adoption. And if that happens, the value of Sia will rise too, in order to accommodate all the demand of Sia storage, that can be paid only with Siacoins. So as you see, the interests of developers ("the company") and investors are aligned.

Very good explanation. I was never interested in mining, maybe you can enlighten me, in case I have Siacoins is it possible to do POS mining? Or it is only POW? I will appreciate if you could provide me with some links for "beginners" as I'm totally zero in this. Thanks

It's just speculation about technology, the truth is bad. sc was the worst reflection of recent weeks. Personally I am very disappointed with the purchase of sia coins. Supply is high, possibly due to high inflation?  

Well, anyways, I took decision in July and had that feeling that did right choice as there is a product which is not bad in comparison, but due to make changes on the market   price is on the floor, I just wish I could buy now and not in July, but what to do, now  only can hope for the development and further growth.

[Aquazi]

What happened with this coin?

It used to be popular, and now it keeps crashing  

It's dead, sell it before it goes to few satoshis.

All people that kept saying to hold and buy in the last 6 months, they lost like 90 % of their money, sell this asap.

Company only cares about selling miners for its coin.

Very bad investment.

I will quote each person telling me the opposite one month from now december first, when coin es dead.

[DroidR17A]

What happened with this coin?

It used to be popular, and now it keeps crashing  

It's dead, sell it before it goes to few satoshis.

All people that kept saying to hold and buy in the last 6 months, they lost like 90 % of their money, sell this asap.

Company only cares about selling miners for its coin.

Very bad investment.

I will quote each person telling me the opposite one month from now december first, when coin es dead.

I don't think that's entirely true. Most of the alts have been tanking over the last few weeks due to the bitcoin hard forks. First Bitcoin Gold, and in two weeks, the Segwit2x fork. I think people are hoarding BTC in the hopes of doubling their money. If it's still tanking at the end of Nov, then there may be cause for concern. 

[narrrf]

What happened with this coin?

It used to be popular, and now it keeps crashing  

It's dead, sell it before it goes to few satoshis.

All people that kept saying to hold and buy in the last 6 months, they lost like 90 % of their money, sell this asap.

Company only cares about selling miners for its coin.

Very bad investment.

I will quote each person telling me the opposite one month from now december first, when coin es dead.

I also disagree take a look at the usage of the network. I am investing for this in years and I promise all of you that SIA will survive.

FAQ:
https://siawiki.tech/faq

Roadmap:
https://trello.com/b/Io1dDyuI/sia-public-roadmap

Sia Blog:
https://blog.sia.tech/


Dump to say  1 Satoshi, really man ...

When 1 company is on the boat, it will be 1000+ Satoshi again ... U will see ..

THANKS FOR ALL THE CHEAP SIA OUT THERE

[bgibso01]

by the time sc releases the miner it will be worth 1 sat

Currently Siacoin is the worst performing coin in past several weeks...
dont know whats happening

[Hakkane]

It's dead, sell it before it goes to few satoshis.

All people that kept saying to hold and buy in the last 6 months, they lost like 90 % of their money, sell this asap.

Company only cares about selling miners for its coin.

Very bad investment.

I will quote each person telling me the opposite one month from now december first, when coin es dead.

The only thing probably dead is the judgment skills of some people. Evaluating the status of a project by the price charts vs Bitcoin is a nosense, as Bitcoin has increased by 7x its value in the current year. It is like stating that you are driving backwards in a highway just because a faster car passed you by. If you compare the price vs FIAT, the value of SC has been moving in the range of 0.35-0.5 cents of dollar for several months.

But still, evaluating a project just by a price chart is dumb, and the biggest mistake of "investors" of the cryptosphere. Have you ever seen a Wall Street investor just looking stock charts exclusively and not quarterly reports, operational milestones and so of the companies he invests in?.

I posted this yesterday here, lets recap some facts:

<<Siacoin and the Sia network are working and healthy: Only yesterday 811 new contracts were formed for 2TB of new data stored on the network: https://siastats.info/new_contracts.html.

14414 new transactions on the network yesterday: https://siastats.info/transactions.html

Yesterday we reached a new yearly record of active contracts, with a total of 71472 https://siastats.info/active_contracts.html

6 Pull Requests have been merged to the main code on the last 7 days: https://github.com/NebulousLabs/Sia/pulse . 24 merged Pull Requests and 90 closed Issues in the last month. This public progress report was made by the CEO of Nebulous and Core developer David Vorik 4 days ago: https://www.reddit.com/r/siacoin/comments/78nr20/development_and_progress_update/

"Has anyone used the services of SIa project" you ask, @savetytdpbl? With more than 95TB of storage usage, 3.2PetaBytes of offered storage (https://siastats.info/hosts_network.html) and more than 300TB of used storage in the history of Sia (https://siastats.info/total_contracts.html), I would say: Obviously yes, and very successfully so far>>

Quote me on December or whenever you wish. If you really think that the value the coin will have on December has any relevance, you don't understand anything about Sia or the cryptoshere in general. Sia has an ambitious roadmap for the next 18 months. Let the core developers fulfill it and then come back to see where Siacoin is in terms of value

[DroidR17A]

Evaluating the status of a project by the price charts vs Bitcoin is a nosense, as Bitcoin has increased by 7x its value in the current year. It is like stating that you are driving backwards in a highway just because a faster car passed you by. If you compare the price vs FIAT, the value of SC has been moving in the range of 0.35-0.5 cents of dollar for several months.

Well put, and while I said that there may be cause for concern if the price plummets in December, it's on the understanding that Bitcoin's value tanks after the Segwti2x drama plays out, and people reinvest in alts. I'm invested in Sia - otherwise I wouldn't have ordered an Obelisk 

[Polygora]

Did using Go have any major adavantages over other languages? I'm thinking the goroutines must be brilliant in this application, right?

[zro]

It's dead, sell it before it goes to few satoshis.

All people that kept saying to hold and buy in the last 6 months, they lost like 90 % of their money, sell this asap.

Company only cares about selling miners for its coin.

Very bad investment.

I will quote each person telling me the opposite one month from now december first, when coin es dead.

The only thing probably dead is the judgment skills of some people. Evaluating the status of a project by the price charts vs Bitcoin is a nosense, as Bitcoin has increased by 7x its value in the current year. It is like stating that you are driving backwards in a highway just because a faster car passed you by. If you compare the price vs FIAT, the value of SC has been moving in the range of 0.35-0.5 cents of dollar for several months.

But still, evaluating a project just by a price chart is dumb, and the biggest mistake of "investors" of the cryptosphere. Have you ever seen a Wall Street investor just looking stock charts exclusively and not quarterly reports, operational milestones and so of the companies he invests in?.

I posted this yesterday here, lets recap some facts:

<<Siacoin and the Sia network are working and healthy: Only yesterday 811 new contracts were formed for 2TB of new data stored on the network: https://siastats.info/new_contracts.html.

14414 new transactions on the network yesterday: https://siastats.info/transactions.html

Yesterday we reached a new yearly record of active contracts, with a total of 71472 https://siastats.info/active_contracts.html

6 Pull Requests have been merged to the main code on the last 7 days: https://github.com/NebulousLabs/Sia/pulse . 24 merged Pull Requests and 90 closed Issues in the last month. This public progress report was made by the CEO of Nebulous and Core developer David Vorik 4 days ago: https://www.reddit.com/r/siacoin/comments/78nr20/development_and_progress_update/

"Has anyone used the services of SIa project" you ask, @savetytdpbl? With more than 95TB of storage usage, 3.2PetaBytes of offered storage (https://siastats.info/hosts_network.html) and more than 300TB of used storage in the history of Sia (https://siastats.info/total_contracts.html), I would say: Obviously yes, and very successfully so far>>

Quote me on December or whenever you wish. If you really think that the value the coin will have on December has any relevance, you don't understand anything about Sia or the cryptoshere in general. Sia has an ambitious roadmap for the next 18 months. Let the core developers fulfill it and then come back to see where Siacoin is in terms of value

It's a great eval of the project and investment and I agree. There's a solid model behind this, there's no 'cutting corners' with ICO's or other weird structures to gain quick. This also means we've to be patient and give the devs some time to work on this. I can imagine there's probably other stuff that needs to be done as well. Also, if you compare the speed of progress in the crypto world with actual successful corporates, it's still quite amazing how fast this goes! Good example for many corps

[latumi1]

SIA coin is really a weird one, it valued the practical use for the coin instead just price.

[MR,bon]

siacoin is incompatible with current prices, predictions will die and be analyzed according to charts in all markets. do not invest in siacoin because this coin will not grow. the information seen and heard is just a lie. before it's too late to think.

[Hakkane]

siacoin is incompatible with current prices, predictions will die and be analyzed according to charts in all markets. do not invest in siacoin because this coin will not grow. the information seen and heard is just a lie. before it's too late to think.

Support your claims of "the information seen and heard is just a lie" or it will be legit anyone calls you liar and FUDster from now.

The advantage of a transparent project as Sia is that anyone can validate all the data presented. Check for example my last posts: every piece of data is backed by a link. Which are your sources?

[Aquazi]

Evaluating the status of a project by the price charts vs Bitcoin is a nosense, as Bitcoin has increased by 7x its value in the current year. It is like stating that you are driving backwards in a highway just because a faster car passed you by. If you compare the price vs FIAT, the value of SC has been moving in the range of 0.35-0.5 cents of dollar for several months.

Well put, and while I said that there may be cause for concern if the price plummets in December, it's on the understanding that Bitcoin's value tanks after the Segwti2x drama plays out, and people reinvest in alts. I'm invested in Sia - otherwise I wouldn't have ordered an Obelisk 

Hint: nobody gives a fuck about decentralized storage, it's a non issue.

Sure, there are more contracts being signed right now, but the request of sia for those contracts is below 0.

This coin will keep going down and down, because the real use case is something nobody cares for.

I'd also tell all those people sharing their space on sia that they would make much more money with the same space mining burst, but if you're happy to buy at 50 sats just to sell at some point for 20, your choice.

Most people here want to speculate on Sia, not use it.

[Sincere_]

What happened with this coin?

It used to be popular, and now it keeps crashing  

It's dead, sell it before it goes to few satoshis.

All people that kept saying to hold and buy in the last 6 months, they lost like 90 % of their money, sell this asap.

Company only cares about selling miners for its coin.

Very bad investment.

I will quote each person telling me the opposite one month from now december first, when coin es dead.

I don't think that's entirely true. Most of the alts have been tanking over the last few weeks due to the bitcoin hard forks. First Bitcoin Gold, and in two weeks, the Segwit2x fork. I think people are hoarding BTC in the hopes of doubling their money. If it's still tanking at the end of Nov, then there may be cause for concern. 

I totally agree with you almost all alts dipped low because of these forks after segwit Btc is st a high let's let the Btc dust settle first by the way I don't have many coins but just in case a dip I do have low buys ready going to give sia a chance if I can get it lower

[cimpex]

All these decentralizied storage solutions (there are several out there) suffers from bad client software. People need a good working and easy to use client like dropbox. Easy install, payment in FIAT and a competitive price. Nobody cares about complicated software payed with any you-name-it coin.

[aoluain]

i am a supporter of SIA and will be looking to become
a host in the near future.

I am also dissapointed on the face of its value to BTC
but as Hakkane states its what is going on in the background
that counts and judging from the roadmap there are still
works and plans in place so I AM NOT selling out.

I really think this has a good future its just taking longer
than most people perceived or maybe that quick get rich
factor didnt materialise as so often is wanted.

anyway I liked the technology from the start, it can only
get better as more updates and additions are added.