[ANN] Sia - Decentralized Storage

[Searing]

Well, the whole Obelisk Sc-1 thing may pretty much be moot and a wash..this is what I get 1 month before the units supposedly ship...

This is your problem:

https://bitsonline.com/dragonmint-b52-blake2b-siacoin-miner/

that complicates it ..but generally...IF there is not a robust network for sia's vision in place to use these ASIC's then they will also be in a bad place

just a month or so behind...I just see no action on how they plan to compete against Amazon on their decentralized 10c to $1 Amazon giant....

deafening silence...thus looks to me like a crap load of ASIC's will hit...w/o any real purpose...and the price will tank also if their vision is 'postponed' or not

in place for the 'glut' as you point out of hash hitting on blake2b

you can't have it both ways...if price now is due to scarcity and also the anticipation of their vision..and the major investment of $$$  that people speculated

on with the ASIC's too boot...well it is step up of fail

or how I see it

on the other hand for what you paid for one of these puppies and what I paid for obelisks' last year with high priced BTC...as far as just holding crypto

wise we probably are even....just from that timing situation and last years price

i talked to one of the sia devs in europe for like 3 hours yesterday ~ we share the frustration with the current situation >> the aim is science whereas miners are trying to pay their bills instantly...we will have new updates inkoming *  #BTI #SIACOIN #SIABERRIES

==>

https://markets.bisq.network/

https://freiexchange.com/market/BTI/BTC

https://poloniex.com/exchange#btc_sc

well, I plan on mining and HODL mode...for the project...the catch is IF the electric is MORE than I can get from the project (assuming the decentralized network is up)

then things get difficult.

the solution, IF, all they need is a MODEST ASIC network, assuming there are too many out in the world that will turn on and complicate either Siatech folk's timeline

(ie not ready by the time the ASIC flood hits) the correct solution is to 'fork the coin' so only the original Obelisk's can run this token they need for their decentralized

network...you could still have it linked in value to siacoin..but could control such things as ASIC pump...supposedly Sia-Tech said they could fork with a mod in the

ASIC chip ...IF  Bitmain played games...well...now may be the time to panic and implement that now..

or again, just fork the works, siacoin, which as far as I can tell sia-tech has no speculative money in the game...goes its own way and Sia-Tech has a new coin/token

if/when they launch the decentralized network ..under those circumstances, I'd mine for a loss to get their network up on future need ..and this new coin having no value

to start (much like bitmain b-miner and their algo) ...but ....with sia coin already existing and a set value and all ASIC's going on as they arrive...and NO decentralized

network in place....well....IMHO, the only choice would be to fork ...you can't control the machines by other mnfg's out there...above and beyond you expected..you

can control the speculative price (lows) that was put on siacoin for scarcity..which hardly applies to your vision...and again, if you can't get the decentralized network up

this summer....with the above ..you lose even on that bit of control

likely, won't happen, would have made sense to happen when bitmain made units..now likely too late

but again, you can't have siacoin price as a speculative coin....with other mnfg's kicking units out like toasters on top of your own units and NOT get your decentralized

network up in time ...even if it is your own brand and complain

siacoin is either a method to keep track of decentralized storage using token/coin to validate and get this up at 10c on the $1 Amazon centralized method

or

siacoin is a speculative coin, based on scarcity like all other alt-coins...and will suffer the same fate as ASIC's bring to all speculative coins

so unless they fork, and/or have their network up to speed by the time they hit in 2 weeks they have the worst of both worlds and it all dies

again, price/value is one camp (the decentralized network) or the ASIC power will be used as folk have seen with other speculative coins

myself, I'd fork to the orig obelisk equipment, the other mnfg's made this equipment to get under sia-tech's umbrella and pump siacoin before the network

came out this summer...so hell, if that is why they made the 3rd party equipment ..screw them...fork...it is no different than what bitmain has done

playing games with the other 4 novelty protocol miners they have made and the devs forking the algo...

anyway, what I'd do...ASSUMING ....it always was a decentralized network thing and the ASIC's were there for control and security as stated

in the past and NOT due to the current speculative price of siacoin now....they are frigging screwed....but I'd fork and bet on the network ...siacoin price

would tank..but again, a choice to do NOTHING under the present circumstances is still a choice...thus back to the problem of a crapload of ASIC's and

no network...so pick your poison I guess

brad

p.s. I know they are not gonna fork..but honestly...can't see a better solution with the ASIC's hitting the world and price and IF they will not have the

decentralized network up to speed...as it is now I would make the following if my Obelisk miners showed up today:

I'd make NOW 40c a day with $1.68 in electric costs per day. This is 800gh at 500 watts Obelisk SC-1

again, just not gonna happen, likely by the time I get these up say starting 3rd week of July 2018 as a guess, they will not be worth taking out of the box.

so lots of bad choices..my bad choice is punt and fork..but again...not gonna happen...so in my case, stay in the box doorstops....(if you leave them

in the cardboard box, they make better doorstops and slide easier) (sob!) FML

my 2 siacoin view

[ANDREW 555]

Hard Fork (July)
https://coindar.org/en/event/siacoin-sc-hard-fork-10995

[gawlea]

Hard Fork (July)
https://coindar.org/en/event/siacoin-sc-hard-fork-10995

Hardfork!? Any other link to read more details about this, as in the one you provided is just stated that will be a fork. Thanks!

[big_daddy]

Hard Fork (July)
https://coindar.org/en/event/siacoin-sc-hard-fork-10995

Hardfork!? Any other link to read more details about this, as in the one you provided is just stated that will be a fork. Thanks!

The Hyperspace team is forking the Sia codebase and will be generating ~3.5B Space Cash to be freely distributed to all Siacoin holders in order to encourage people to learn about and experiment with the Hyperspace network upon public launch.


https://hspace.app/airdrop

[shamman666]

Hard Fork (July)
https://coindar.org/en/event/siacoin-sc-hard-fork-10995

Hardfork!? Any other link to read more details about this, as in the one you provided is just stated that will be a fork. Thanks!

The Hyperspace team is forking the Sia codebase and will be generating ~3.5B Space Cash to be freely distributed to all Siacoin holders in order to encourage people to learn about and experiment with the Hyperspace network upon public launch.


https://hspace.app/airdrop

how will they distribute coins? this coin is on two trading exchanges. where no coins SIACOIN.

[big_daddy]

Hard Fork (July)
https://coindar.org/en/event/siacoin-sc-hard-fork-10995

Hardfork!? Any other link to read more details about this, as in the one you provided is just stated that will be a fork. Thanks!

The Hyperspace team is forking the Sia codebase and will be generating ~3.5B Space Cash to be freely distributed to all Siacoin holders in order to encourage people to learn about and experiment with the Hyperspace network upon public launch.


https://hspace.app/airdrop

how will they distribute coins? this coin is on two trading exchanges. where no coins SIACOIN.

Read the info in the link above that I have sent before and contact the hyperspace team directly for such a questions

[cygan]

Hard Fork (July)
https://coindar.org/en/event/siacoin-sc-hard-fork-10995

Hardfork!? Any other link to read more details about this, as in the one you provided is just stated that will be a fork. Thanks!

The Hyperspace team is forking the Sia codebase and will be generating ~3.5B Space Cash to be freely distributed to all Siacoin holders in order to encourage people to learn about and experiment with the Hyperspace network upon public launch.


https://hspace.app/airdrop

how will they distribute coins? this coin is on two trading exchanges. where no coins SIACOIN.

Read the info in the link above that I have sent before and contact the hyperspace team directly for such a questions

the Siacoins have to be on your own wallet.
the exchanges do not support this snapshot...

[Searing]

that complicates it ..but generally...IF there is not a robust network for sia's vision in place to use these ASIC's then they will also be in a bad place

just a month or so behind...I just see no action on how they plan to compete against Amazon on their decentralized 10c to $1 Amazon giant....

deafening silence...thus looks to me like a crap load of ASIC's will hit...w/o any real purpose...and the price will tank also if their vision is 'postponed' or not

in place for the 'glut' as you point out of hash hitting on blake2b

you can't have it both ways...if price now is due to scarcity and also the anticipation of their vision..and the major investment of $$$  that people speculated

on with the ASIC's too boot...well it is step up of fail

or how I see it

on the other hand for what you paid for one of these puppies and what I paid for obelisks' last year with high priced BTC...as far as just holding crypto

wise we probably are even....just from that timing situation and last years price

Vision?  What vision?  The vision to become another ASIC maker for any shill with enough money to pay them?  The Obelisk home page says it all.

What the hell does any of that have to do with a decentralized file storage solution?  Or is Vorrick the next Elon Musk -- meaning he can tackle three projects at once while surviving on a diet of ambien and wine in the evenings while he blogs?

There are two coins that I think will fail hard despite a very promising opening pitch:  Zcash and SeeYah Coin.

SeeYah Coin will never compete with Amazon.  Go back to the whiny, self-righteous, and downright dishonest postings that came out when the A3 arrived a few months ago.  Then ask yourself:  is this the crew that is going to take on and get the better of Mr. Relentless?

I don't think so.

Has the first DOA Obelisk shipped yet?  I stopped checking because it really doesn't matter.  Oh, wait, they are pretty compared to an Antminer.  That should count for something, right?

Sorry for the rant, it's not directed at you -- but "vision" and SIA/Obelisk in the same posting just sets me off.

The single biggest regret of my entire Crypto experience is buying that Obelisk batch 2 miner back in January.  Which still hasn't shown up as of days away from July.

yeah....as soon as sia-tech did not fork to protect their decentralized storage solution to supposedly compete against Amazon Cloud at 10c to the $1.00, well

I knew then I was pretty much screwed. Bitmain had a track record of pumping out ASIC units like toasters and proved especially true for blake2b

So, w/o a fork and in conjunction with that the decentralized storage solution ready to hit the ground running to compete against centralized cloud hosting

I don't see the two jiving in time...even if they did decide to fork and put emphasis on the sia-tech network vs speculative coin price based (IMHO) more

on 'scarcity' then their sia-tech network vision...

would like to be wrong

but a lot of 'deafening silence' on the above issues...so figure I just have 5 doorstops and will move on...with the high price of btc last year and the fact

that I needed the tax benefits (was in 41% last year I would have paid the IRS and State combined anyway) add the 25% equip deduction (squished in 1 yr

vs 5 years) and what that is 66% so I took a 33% loss on the above...toss in the high price of coin..which is down more than 33% which I would have

been in HODL mode anyway (still am) ...I am calling it a wash...but then again MAKING at least 33% back on an ASIC machine ...seemed like a  pretty

good bet..but alas, they choked on the fork and bitmain ran them into the ground...

whatever....the 33% would have been lost in the BTC price anyway in that I've been in crypto since 2013 so kinda locked in HODL mode live or die

still annoying ...even if my 'supposed' rationalizations are correct...just 'erks' me ..I've gotten 'dubious' ASIC's before ..used or otherwise...that AT LEAST

could make 33% of what they cost before they puked...which I could call even...but these won't even come out of the box it seems by mid-July 2018 at

current sia-coin prices ..which I expect to dump further on the Obelisk's hitting the world

currently, IF I had an obelisk SC-1 up at this moment I would make 19c a day over electric....I assume these ASIC's hitting the world will not help this price.

Again, leave the Obelisk units in the cardboard box, unopened, for easier use as doorstops...the cardboard lets you move them easier.

Also, to those saying those 'greedy' ASIC buyers...sia-tech made the case they were needed for the decentralized network...they could not just count

on merge mining siacoin off GPU's go get scale and be taken seriously....they needed the 'secure' ASIC network of machines to be taken seriously...

I (dumb) bought that argument and was planning to mine/HODL and see the network succeed first...alas that boat sailed when they let Bitmain

ride over them....IF they really did have (as they said) in the ASIC chip to 'tweak' to a fork in case bitmain played games (so they say) which I have

my doubts...likely they could not fork the ASIC thus had to be run over by bitmain with no hope...

anyway, at worst I suffered a 33% loss vs the tax man with 2018 IRS equipment deduction at 4.11 BTC for 5 units..that means say...I lost 1.11 BTC say at the price

last year of 5K ..I'm a bit over that...at least I can rationalize my 'silliness' in HODL mode (another problem I have in 20/20 hindsight)

anyway, so it goes....bound to go one ASIC too far from 2013 anyway....so 2018 is my end game...no more data halls or big miner (scrypt-pow)...hell

was happier as a hobby ASIC miner with just a couple in the basement anyway...but I mean really....get the units and they are NOT even going to

be worth taking out of the box? sheesh.....at 19c a day .not worth the PSU to run them (which they supposedly still say they are providing..unless

I missed a memo) ....so.......ie...new in box doorstops or ASIC wall art...

so 33% loss...with them never to run...or if I probably would have been in HODL mode anyway...call it even..pick your rationalization (i've been doing

that quite often with my HODL mode since 18k BTC and now 5.9 BTC....(hey, picking the wrong horse, it's a gift!)  FML

later

brad

p.s. anyone who wants to redirect me to the unicorns/rainbows/and fairies...feel free...I'd love to be frigging wrong ..but the reality is I REALLY can't see

even bothering to turn these own....IF they come with PSU's would make more sense to leave them in the box and sell the PSU's on eBay instead...I mean

really, really would make more sense to do that...sheesh...

[raske]

I was thinking to buy an ASIC to mine SC, but I made a beter decision, I have bought directly SC & I am hodling them for a long time, approx 2 years from now
I am waiting the 1$ per SC in 2 years 

[Angel Di]

Good mood in the community leads to a quiet team work on the project, in other words the way to success. Perhaps now is the time to buy, when the market is still falling, because many people buy coins.

[Brilliantrocket]

but it would be good if siacoin could get binance to advise they will support airdrop, that way will gain more traction

[eerygarden]

Airdrop will only reach you if you're holding SC in the Sia-UI?  Not Antpool's wallet correct?

[gembitz]

that complicates it ..but generally...IF there is not a robust network for sia's vision in place to use these ASIC's then they will also be in a bad place

just a month or so behind...I just see no action on how they plan to compete against Amazon on their decentralized 10c to $1 Amazon giant....

deafening silence...thus looks to me like a crap load of ASIC's will hit...w/o any real purpose...and the price will tank also if their vision is 'postponed' or not

in place for the 'glut' as you point out of hash hitting on blake2b

you can't have it both ways...if price now is due to scarcity and also the anticipation of their vision..and the major investment of $$$  that people speculated

on with the ASIC's too boot...well it is step up of fail

or how I see it

on the other hand for what you paid for one of these puppies and what I paid for obelisks' last year with high priced BTC...as far as just holding crypto

wise we probably are even....just from that timing situation and last years price

Vision?  What vision?  The vision to become another ASIC maker for any shill with enough money to pay them?  The Obelisk home page says it all.

What the hell does any of that have to do with a decentralized file storage solution?  Or is Vorrick the next Elon Musk -- meaning he can tackle three projects at once while surviving on a diet of ambien and wine in the evenings while he blogs?

There are two coins that I think will fail hard despite a very promising opening pitch:  Zcash and SeeYah Coin.

SeeYah Coin will never compete with Amazon.  Go back to the whiny, self-righteous, and downright dishonest postings that came out when the A3 arrived a few months ago.  Then ask yourself:  is this the crew that is going to take on and get the better of Mr. Relentless?

I don't think so.

Has the first DOA Obelisk shipped yet?  I stopped checking because it really doesn't matter.  Oh, wait, they are pretty compared to an Antminer.  That should count for something, right?

Sorry for the rant, it's not directed at you -- but "vision" and SIA/Obelisk in the same posting just sets me off.

The single biggest regret of my entire Crypto experience is buying that Obelisk batch 2 miner back in January.  Which still hasn't shown up as of days away from July.

yeah....as soon as sia-tech did not fork to protect their decentralized storage solution to supposedly compete against Amazon Cloud at 10c to the $1.00, well

I knew then I was pretty much screwed. Bitmain had a track record of pumping out ASIC units like toasters and proved especially true for blake2b

So, w/o a fork and in conjunction with that the decentralized storage solution ready to hit the ground running to compete against centralized cloud hosting

I don't see the two jiving in time...even if they did decide to fork and put emphasis on the sia-tech network vs speculative coin price based (IMHO) more

on 'scarcity' then their sia-tech network vision...

would like to be wrong

but a lot of 'deafening silence' on the above issues...so figure I just have 5 doorstops and will move on...with the high price of btc last year and the fact

that I needed the tax benefits (was in 41% last year I would have paid the IRS and State combined anyway) add the 25% equip deduction (squished in 1 yr

vs 5 years) and what that is 66% so I took a 33% loss on the above...toss in the high price of coin..which is down more than 33% which I would have

been in HODL mode anyway (still am) ...I am calling it a wash...but then again MAKING at least 33% back on an ASIC machine ...seemed like a  pretty

good bet..but alas, they choked on the fork and bitmain ran them into the ground...

whatever....the 33% would have been lost in the BTC price anyway in that I've been in crypto since 2013 so kinda locked in HODL mode live or die

still annoying ...even if my 'supposed' rationalizations are correct...just 'erks' me ..I've gotten 'dubious' ASIC's before ..used or otherwise...that AT LEAST

could make 33% of what they cost before they puked...which I could call even...but these won't even come out of the box it seems by mid-July 2018 at

current sia-coin prices ..which I expect to dump further on the Obelisk's hitting the world

currently, IF I had an obelisk SC-1 up at this moment I would make 19c a day over electric....I assume these ASIC's hitting the world will not help this price.

Again, leave the Obelisk units in the cardboard box, unopened, for easier use as doorstops...the cardboard lets you move them easier.

Also, to those saying those 'greedy' ASIC buyers...sia-tech made the case they were needed for the decentralized network...they could not just count

on merge mining siacoin off GPU's go get scale and be taken seriously....they needed the 'secure' ASIC network of machines to be taken seriously...

I (dumb) bought that argument and was planning to mine/HODL and see the network succeed first...alas that boat sailed when they let Bitmain

ride over them....IF they really did have (as they said) in the ASIC chip to 'tweak' to a fork in case bitmain played games (so they say) which I have

my doubts...likely they could not fork the ASIC thus had to be run over by bitmain with no hope...

anyway, at worst I suffered a 33% loss vs the tax man with 2018 IRS equipment deduction at 4.11 BTC for 5 units..that means say...I lost 1.11 BTC say at the price

last year of 5K ..I'm a bit over that...at least I can rationalize my 'silliness' in HODL mode (another problem I have in 20/20 hindsight)

anyway, so it goes....bound to go one ASIC too far from 2013 anyway....so 2018 is my end game...no more data halls or big miner (scrypt-pow)...hell

was happier as a hobby ASIC miner with just a couple in the basement anyway...but I mean really....get the units and they are NOT even going to

be worth taking out of the box? sheesh.....at 19c a day .not worth the PSU to run them (which they supposedly still say they are providing..unless

I missed a memo) ....so.......ie...new in box doorstops or ASIC wall art...

so 33% loss...with them never to run...or if I probably would have been in HODL mode anyway...call it even..pick your rationalization (i've been doing

that quite often with my HODL mode since 18k BTC and now 5.9 BTC....(hey, picking the wrong horse, it's a gift!)  FML

later

brad

p.s. anyone who wants to redirect me to the unicorns/rainbows/and fairies...feel free...I'd love to be frigging wrong ..but the reality is I REALLY can't see

even bothering to turn these own....IF they come with PSU's would make more sense to leave them in the box and sell the PSU's on eBay instead...I mean

really, really would make more sense to do that...sheesh...

IF YOU DO NOT BELIEVE IN THE TECHNOLOGY THEN KICK ROCKS NOOB ===>

I TALKED TO THE DEVELOPER OF SIA FOR 3 HOURS THE OTHER DAY ~ EVEN WHEN I EXPLICITLY SHOW YOU OUR NEW PROJECT PEOPLE LIKE YOU CONTINUE TO IGNORE THE OBVIOUS I'M GLAD YOU GREEDY MINER GOTTI STUCK HODLING THE BAG YOU ARE A GREEDY RAT BASTARD LOL

==>

 https://freiexchange.com/market/BTI/BTC

[GröBkAz]

Hi should I transfer my SC to wallet to take the benefit or exchange is supporting the airdrop??

[cygan]

Hi should I transfer my SC to wallet to take the benefit or exchange is supporting the airdrop??

as far as i know, no exchange supports this snapshot.
the Siacoins have to be on the own Sia wallet

[bitpotter]

Good mood in the community leads to a quiet team work on the project, in other words the way to success. Perhaps now is the time to buy, when the market is still falling, because many people buy coins.

Like the current state when bitcoin rises all the coins will also go up, so from now it is a very good choice as you say.

[bitcoinreviews]

Currently there is no cap on the number of Siacoins that are or will be available. what is the logic behind that?

[Scooby903]

Sia can now be used for video streaming, so I was curious if anyone thought of using Sia for webcam or surveillance camera recording, or if there is a real market for it?

[Branko]

Currently there is no cap on the number of Siacoins that are or will be available. what is the logic behind that?

Logic is that it would get burned by usage...and we're probably far from the moment when burn rate
comes close or even surpass mining rate

[chemal]

How does SIA do justice as a better solution, should we essentially see the same technology that is output by a DApp using one of the distributed networks?