[ANN] Sia - Decentralized Storage

[nsummy]

I have something weird going on with my wallet.  I noticed 2 days ago there was a -0.088 SC withdraw.  I know its a tiny amount, but there is there any reason this would happen?

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[cygan]

Bitbns has just launched Siacoin trading today!

Bitbns is an exchange for residents of india 

[shamman666]

Bitbns has just launched Siacoin trading today!

Bitbns is an exchange for residents of india 

but this did not affect the price. Because Sia behaves badly lately!

[aoluain]

I wonder if there have been coins and features that have been done lately and is there a way to track the amount of storage that is being used on the Sia network?

In top of what the official Sia website shows, you can also track multiple statistics and metrics about Sia in https://siastats.info

bitcoin cost 6k, and Cia 400 sat.
bitcoin rose from 6000 to 11500.
And Sia fell to 170 sat.
where is the connection
Sia grows in technology, but why does it fall?

If you are around the world of cryptos for long enough, you will learn that whenever the Bitcoin is bullish, most of the rest of altcoins drop their value. If you want to but Bitcoins, you need to sell the alts you own, is that simple. If you look at the Siacoin/Dollar conversion rates, they have been stable at 2 cents over the last 2 weeks. Siacoin value is not falling (or not so bad, at least): it is the Bitcoin rallying up. If you care more about the BTC value of your coins instead of the USD value of them, hold Bitcoins instead of altcoins...

+1 some people are comparing the BTC satoshi value of SIA and of course
the value is going to fall as BTC rises.

Hakkane is correct about the  $ value of SIA it is very stable for the last 2
weeks or so.

I am holding SIA since last year and will continue to do so. If you believe in
the Technology and the Development of SIA you will hold.

[Bthegreat]

I know there has not been much information coming out from Dev team but it looks like we are still staying on course of our roadmap for 2018. Have some patience with this technology it won't disappoint you.

[shamman666]

I wonder if there have been coins and features that have been done lately and is there a way to track the amount of storage that is being used on the Sia network?

In top of what the official Sia website shows, you can also track multiple statistics and metrics about Sia in https://siastats.info

bitcoin cost 6k, and Cia 400 sat.
bitcoin rose from 6000 to 11500.
And Sia fell to 170 sat.
where is the connection
Sia grows in technology, but why does it fall?

If you are around the world of cryptos for long enough, you will learn that whenever the Bitcoin is bullish, most of the rest of altcoins drop their value. If you want to but Bitcoins, you need to sell the alts you own, is that simple. If you look at the Siacoin/Dollar conversion rates, they have been stable at 2 cents over the last 2 weeks. Siacoin value is not falling (or not so bad, at least): it is the Bitcoin rallying up. If you care more about the BTC value of your coins instead of the USD value of them, hold Bitcoins instead of altcoins...

+1 some people are comparing the BTC satoshi value of SIA and of course
the value is going to fall as BTC rises.

Hakkane is correct about the  $ value of SIA it is very stable for the last 2
weeks or so.

I am holding SIA since last year and will continue to do so. If you believe in
the Technology and the Development of SIA you will hold.

Can i ask you. How reliable is the purse from Sia?

[ssvenss]

Sia is the very first project that I learned after bitcoin and ether, but it seems to me that it will no longer be in demand, given how many competitors are now on the market ...

[Searing]

Have not kept track ..but does anyone know if Sia-Tech folk are "on track" with the 'decentralized storage' aspect of Siacoin ...that HOPEFULLY will be available

WHEN their obelisk miners hit in June? (I think it is June now?) ....gonna really suck to have a mess of obelisks with the biitmain units sitting about pumping out

siacoin...without this network....(remember the ASIC's in 2013 knc titans.that did scrypt-n coins (think there were 12) ASIC resistant....they destroyed the value

of all the coins in a week. (viacoin moved protocols..I think it was viacoin) and destroyed all value of those coins in a week....bye, bye scrypt-N..)

sh*t happens

anyway, any info on above?

[Hakkane]

I have something weird going on with my wallet.  I noticed 2 days ago there was a -0.088 SC withdraw.  I know its a tiny amount, but there is there any reason this would happen?

Those small transactions are just wallet auto-defragmentation: you might have multiple addresses containing balances and the wallet merges them into a single address to facilitate future expending. Each time the wallet defragmentates, is a transaction in the network, and those -0.088SC are the fees for that transaction.

Have not kept track ..but does anyone know if Sia-Tech folk are "on track" with the 'decentralized storage' aspect of Siacoin ...that HOPEFULLY will be available

WHEN their obelisk miners hit in June? (I think it is June now?) ....gonna really suck to have a mess of obelisks with the biitmain units sitting about pumping out

siacoin...without this network....(remember the ASIC's in 2013 knc titans.that did scrypt-n coins (think there were 12) ASIC resistant....they destroyed the value

of all the coins in a week. (viacoin moved protocols..I think it was viacoin) and destroyed all value of those coins in a week....bye, bye scrypt-N..)

sh*t happens

anyway, any info on above?

The storage network has been working since day 1 of the blockchain, for the last 2 years and half. Currently it consists on more than 4 Petabytes across almost 900 hosts in 58 countries (https://www.siastats.info/hosts_network). Core developers keep working on improving the protocol and the client. For instance version 1.3.1 released 2 months ago increased the upload speeds to more than 50Mbps and version 1.3.2, that will be released in a few days, will improve the downloads speed and reliability: beta testers are reporting consistently average download speeds above 50Mbps too.

The release date of Obelisks will be June or before. There are good chances they can be delivered sooner than expected, but there is not yet official confirmations on this

I don't see your point about the effect of ASICs being responsible of downtrends in the coin price: on every coin where ASICs have been deployed (Scrypt coins like Litecoin, Dash...) the coin price has increased in the end, probably because the increased security provides confidence in the network, and because the cost of the hardware gets tied to the value of the mined coins

[Searing]

I have something weird going on with my wallet.  I noticed 2 days ago there was a -0.088 SC withdraw.  I know its a tiny amount, but there is there any reason this would happen?

Those small transactions are just wallet auto-defragmentation: you might have multiple addresses containing balances and the wallet merges them into a single address to facilitate future expending. Each time the wallet defragmentates, is a transaction in the network, and those -0.088SC are the fees for that transaction.

Have not kept track ..but does anyone know if Sia-Tech folk are "on track" with the 'decentralized storage' aspect of Siacoin ...that HOPEFULLY will be available

WHEN their obelisk miners hit in June? (I think it is June now?) ....gonna really suck to have a mess of obelisks with the biitmain units sitting about pumping out

siacoin...without this network....(remember the ASIC's in 2013 knc titans.that did scrypt-n coins (think there were 12) ASIC resistant....they destroyed the value

of all the coins in a week. (viacoin moved protocols..I think it was viacoin) and destroyed all value of those coins in a week....bye, bye scrypt-N..)

sh*t happens

anyway, any info on above?

The storage network has been working since day 1 of the blockchain, for the last 2 years and half. Currently it consists on more than 4 Petabytes across almost 900 hosts in 58 countries (https://www.siastats.info/hosts_network). Core developers keep working on improving the protocol and the client. For instance version 1.3.1 released 2 months ago increased the upload speeds to more than 50Mbps and version 1.3.2, that will be released in a few days, will improve the downloads speed and reliability: beta testers are reporting consistently average download speeds above 50Mbps too.

The release date of Obelisks will be June or before. There are good chances they can be delivered sooner than expected, but there is not yet official confirmations on this

I don't see your point about the effect of ASICs being responsible of downtrends in the coin price: on every coin where ASICs have been deployed (Scrypt coins like Litecoin, Dash...) the coin price has increased in the end, probably because the increased security provides confidence in the network, and because the cost of the hardware gets tied to the value of the mined coins

I was mistaken...did not know the network was up at least in the manner you stated..the asic question was the worth with NO network yet ..of note anyway...thus my question

is also moot..in that there IS a network in play already.



by the by did everyone ever get their minebox from last summer ...I assume they are still being used on the network as such? Might get one as a "TOY" to play with..(i mine

badly need equip deductions from the biz for equipment..)

anyway, thanks for the heads up

brad

[Vitamin_52]

We just published our Community Update for February. Read along here:

https://t.co/qc4WEURXqq

[cr1pto]

Sia is the very first project that I learned after bitcoin and ether, but it seems to me that it will no longer be in demand, given how many competitors are now on the market ...

Yeah, but Sia has a head start, so I wouldn't worry to much.
Plus, some competition will only force the developers to work harder

[sheenarif]

Now its the time for Sia to moon bcoz now the BTC will be steady in sometime, and then these alts will moon.....

[raoulsergia]

Sia is the very first project that I learned after bitcoin and ether, but it seems to me that it will no longer be in demand, given how many competitors are now on the market ...

Yeah, but Sia has a head start, so I wouldn't worry to much.
Plus, some competition will only force the developers to work harder

The other competitors have barely any working product. Sia works already yet is still being developed and more news will come in 2018, including new miners.
I think with asic mining we can expect price to grow nicely over the next few months

[ulhaq]

I do not get what the whole debate is with the bitmain miners. As was pointed out above, this should not affect the network, it could only make the security stronger?

There are talks about a UASF, but isn't it up to the miners? If enough previous miners (hash power) do not go along with it, or if there are a lot of bitmain equipment miners, then the UASF should not be successful. Wouldn't it take 51% of hash power for a UASF to be successful?

[ikill4food2]

Wonderful to have Sia Coin Devs communicating here to keep things straight and help everyone. Great future for this team/project.  

[shamman666]

india added Sia! and in the end the price never went up! I would kick ass team Sia. assholes!

[belluominicarmelo84]

Looks VERY interesting

[sheenarif]

Looks VERY interesting

it is indeed interesting, the price will rise soon......

[RocketSpeed]

Sia 50 cents soon