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Author Topic: [ANN] Sia - Decentralized Storage  (Read 1381290 times)
|Admiral|
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September 15, 2018, 10:06:30 AM
 #9121

As soon as the team announced the ASIC miners were developed I knew this sort of crap was going to happen. People need to accept that ASIC mining your going to almost always lose ROI if your not setting up a large scale mining  operation you should just forget about it and put that money into buying alt coins on the dips instead of trying to make profit mining, leave the ASIC mining to the big players because they have proven over and over with various ASIC mined blockchains that they are going to out perform you.


Mining will not be profitable even in for large players until they are from country side of USA or Canada. For people in rest Europe the mining will be a lose lose scenario.
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September 16, 2018, 07:44:37 PM
 #9122


Same number of SC is mined daily since inception...and its the same for any other mined coin...not many have working product yet,
and yes, welcome to the capitalism, where we bet with our money on future marker winners

I thought the block reward decreased by 1 until the block reward reaches 30,000 SC.
At the moment of writing this post, the block reward is 127,451 SC.
I recalled at the beginning of this year, it was 150K+ at that time.
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September 16, 2018, 08:35:26 PM
 #9123


Same number of SC is mined daily since inception...and its the same for any other mined coin...not many have working product yet,
and yes, welcome to the capitalism, where we bet with our money on future marker winners

I thought the block reward decreased by 1 until the block reward reaches 30,000 SC.
At the moment of writing this post, the block reward is 127,451 SC.
I recalled at the beginning of this year, it was 150K+ at that time.


My bad, you're right. In my defense, I'm not mining SIA myself, so just assumed its permanent
number of coins per block (unless changed by fork) like most of mineable coins on the market.

Details here:

https://forum.sia.tech/topic/161/about-siacoins-calculation-and-supply

But that makes Brad even more wrong, as theres actually deflation over time involved
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September 16, 2018, 10:45:44 PM
 #9124


Same number of SC is mined daily since inception...and its the same for any other mined coin...not many have working product yet,
and yes, welcome to the capitalism, where we bet with our money on future marker winners

I thought the block reward decreased by 1 until the block reward reaches 30,000 SC.
At the moment of writing this post, the block reward is 127,451 SC.
I recalled at the beginning of this year, it was 150K+ at that time.


My bad, you're right. In my defense, I'm not mining SIA myself, so just assumed its permanent
number of coins per block (unless changed by fork) like most of mineable coins on the market.

Details here:

https://forum.sia.tech/topic/161/about-siacoins-calculation-and-supply

But that makes Brad even more wrong, as there's actually deflation over time involved


hey I'd like to be wrong, but simply having a lot of coins (siacoin) fork or not without the scarcity and the decentralized 10c on the $1 vs Amazon Cloud (siacoin's anonymous cloud mining in place)

where is the value come from? just having a LOT of previous GPU mined Siacoin on the hope of the pump if/when they get the supposed sia tech network up...is just that a lot of coin with no use, and you toss the amount of siacoin in the world before the obelisks were shipped (10x or more) with the scarcity angle taken away (GPU miners and if anything siacoin is not scarce now nor will it be when the fork happens)

where is the 'value' of the coin coming from? IMHO, unless they get their project network up to compensate for this massive amount of siacoin out there pre-fork and the ASIC's post fork ... it may be 'valueless'

just saying, again I have 5 of these doorstops..hope I'm wrong as hell, but not seeing it, let me know with facts how this works, if I'm wrong

would like some clarity on this...but just hoping the 'fork' is gonna fix this mess is naive, IMHO.

again, prove my doubts wrong, I'd welcome that! But again just the 'scarcity' argument does not cut it....siacoin has to 'do' something

besides being held as scarce or for a network project by siatech that is behind and not up to speed in any way from their claims

their network vison is key, so where it the hype? where is the product to compete against Amazon cloud in a decentralized and anonymous way at 10c to the $1 for Amazon Clouds centralized and not anonymous network giant?

they both have to come into play, and I just don't see this happening in any legit manner

brad




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September 17, 2018, 02:56:14 AM
 #9125

Meanwhile, not working network that makes sense to invest $$ equipment wise for HD's and participate. No Siacoin network fork. But hey, I got my Obelisk SC-1 ASIC doorstop,

day 9, still in the box, unopened. No reason to run it at a $1 a day loss over electric. (but who's counting, days, right?) sob! (live and learn)


a buddy did turn it on to see if they work at the data hall....not impressed..no way to set settings the watts are correct (500w) but it only mines

at 500gh, not the 800gh they said originally...worse yet, no way to do any settings ..it is all locked in..thus can't overclock or underclock ...or anything

you plug it in and it runs as it runs...luck of the draw...

so again, this is day 8  (back in the box/off) just thought folk would like to know what is what...

by the by ..at the 'supposed' 550gh they can do with 2 boards...IF they simply would have shipped 3 boards to a miner (one slot is empty) they would make

the approx 800gh they stated (at probably around 750 watts) ..but still..instead they seemed to go the 'cheap' route and pulled a board..charged us the same price

and said they would make a firmware fix to get to 800mh..whatcha wanna bet..they are simply gonna overclock the hell out of the 2 boards.

now, that really would suck, if you CAN'T MODIFY THE SETTINGS IN ANY MANNER...maybe your piece of crap obelisk CAN'T mine in overclocked mode

on 2 boards when they make the firmware/software mods ..supposedly...

myself, if the settings are locked... I'm simply going to make them 3 board units .....with what I've seen so far ..that would leave me with 3 units vs 5 units..

in that at this rate I imagine one board will be sh*t anyway..if not then I'll have a 1 board unit...but again...not impressed at all

brad

(again, back in the box/off 9 days since arrival...in doorstop mode)



If you don't want this mining righ, i give you the same amount you spent in btc Smiley and i will be happy Smiley i don't know when you join the train... but i remember that mining in 2013 was not profitable Wink

@GODofUSD
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September 17, 2018, 06:39:05 AM
 #9126

snip



Again, show me one crypto project that has working economy model...even ETH is barely profitable for miners right now.

If forked, your Obelisks will compete with about 7000 others and based on todays prices, earn $15 per day per unit, minus electricity
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September 17, 2018, 03:51:38 PM
 #9127

Meanwhile, not working network that makes sense to invest $$ equipment wise for HD's and participate. No Siacoin network fork. But hey, I got my Obelisk SC-1 ASIC doorstop,

day 9, still in the box, unopened. No reason to run it at a $1 a day loss over electric. (but who's counting, days, right?) sob! (live and learn)


a buddy did turn it on to see if they work at the data hall....not impressed..no way to set settings the watts are correct (500w) but it only mines

at 500gh, not the 800gh they said originally...worse yet, no way to do any settings ..it is all locked in..thus can't overclock or underclock ...or anything

you plug it in and it runs as it runs...luck of the draw...

so again, this is day 8  (back in the box/off) just thought folk would like to know what is what...

by the by ..at the 'supposed' 550gh they can do with 2 boards...IF they simply would have shipped 3 boards to a miner (one slot is empty) they would make

the approx 800gh they stated (at probably around 750 watts) ..but still..instead they seemed to go the 'cheap' route and pulled a board..charged us the same price

and said they would make a firmware fix to get to 800mh..whatcha wanna bet..they are simply gonna overclock the hell out of the 2 boards.

now, that really would suck, if you CAN'T MODIFY THE SETTINGS IN ANY MANNER...maybe your piece of crap obelisk CAN'T mine in overclocked mode

on 2 boards when they make the firmware/software mods ..supposedly...

myself, if the settings are locked... I'm simply going to make them 3 board units .....with what I've seen so far ..that would leave me with 3 units vs 5 units..

in that at this rate I imagine one board will be sh*t anyway..if not then I'll have a 1 board unit...but again...not impressed at all

brad

(again, back in the box/off 9 days since arrival...in doorstop mode)



If you don't want these mining rights, I give you the same amount you spent in BTC Smiley and I will be happy Smiley I don't know when you join the train... but I remember that mining in 2013 was not profitable Wink

in BTC it was about 0.98 BTC each...so, by all means, you want one of these miners for BTC ...feel free to contact me via PM. The 1st batch price was $2,535.00 USD with shipping included as an aside...I"m pretty sure that is what I paid for 1st batch..miners

after my equip deduction off taxes owed last year of 25% and the amount of gross income at my 41% tax rate (with state and soc sec for the biz) I am down 34% or about

1.11 BTC I figure...so it is a 34% loss on USD I spent on these...hey I figured they could least make 34% of the value back on units..oops)

(by the by...do you know something I don't?)

brad

Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/19. It also works with Windows 10 and allows 16 bit DOS game doors on the same Win 10 Machine! Five Minute Install! Look it over uninstalls just as fast! Freeware! Full BBS System! It is a frigging hoot!:)
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September 18, 2018, 03:44:04 AM
Merited by Searing (10)
 #9128

I have been investing in Siacoin for almost a year and mining SC since the beginning of this year.
I wish Siacoin all the best.
I support whatever it takes the Devs team and community to make the Sia project better.
BTW, I just sadly realized that my JR member has been demoted and I am a "newbie" member again...
Can anyone in this thread help me?  It would be greatly appreciated...

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September 18, 2018, 04:17:13 PM
 #9129

I have been investing in Siacoin for almost a year and mining SC since the beginning of this year.
I wish Siacoin all the best.
I support whatever it takes the Devs team and community to make the Sia project better.
BTW, I just sadly realized that my JR member has been demoted and I am a "newbie" member again...
Can anyone in this thread help me?  It would be greatly appreciated...



Did someone hack your previous account? If so the only way to get it back is if you had saved your BTC address on the profile and then send the devs

a msg via private msg to prove you own that BTC address...then they can give it back. (or at least that is how it worked years ago). A blank paper wallet

on the profile with access to the private key for such purposes works just fine also. Stuff it in a book, someplace, just in case or simply copy-paste the

info on the empty wallet somewhere you can get at also.

As to your current problem, if you were demoted to a newbie because of a hack, and did not do above, you are out of luck.

Let us know if you have been demoted for another reason I"m not aware of..if for no reason contact a Moderator and ask...

could be a bug I guess

brad

Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/19. It also works with Windows 10 and allows 16 bit DOS game doors on the same Win 10 Machine! Five Minute Install! Look it over uninstalls just as fast! Freeware! Full BBS System! It is a frigging hoot!:)
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September 18, 2018, 07:19:49 PM
 #9130

I was wondering if there is so much online storage demand, why are people still not using crypto as a decentralized storage option. This would be the perfect thing for encrypted backup right. You still don't hear a lot about it really.
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September 18, 2018, 08:13:47 PM
 #9131

I was wondering if there is so much online storage demand, why are people still not using crypto as a decentralized storage option. This would be the perfect thing for encrypted backup right. You still don't hear a lot about it really.


Simple answer is...its not production ready yet
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September 18, 2018, 10:22:41 PM
Last edit: September 18, 2018, 11:59:27 PM by jameswell
 #9132

I have been investing in Siacoin for almost a year and mining SC since the beginning of this year.
I wish Siacoin all the best.
I support whatever it takes the Devs team and community to make the Sia project better.
BTW, I just sadly realized that my JR member has been demoted and I am a "newbie" member again...
Can anyone in this thread help me?  It would be greatly appreciated...



Did someone hack your previous account? If so the only way to get it back is if you had saved your BTC address on the profile and then send the devs

a msg via private msg to prove you own that BTC address...then they can give it back. (or at least that is how it worked years ago). A blank paper wallet

on the profile with access to the private key for such purposes works just fine also. Stuff it in a book, someplace, just in case or simply copy-paste the

info on the empty wallet somewhere you can get at also.

As to your current problem, if you were demoted to a newbie because of a hack, and did not do above, you are out of luck.

Let us know if you have been demoted for another reason I"m not aware of..if for no reason contact a Moderator and ask...

could be a bug I guess

brad


Thanks so much for asking.
I just realized that there is a new rule in place,  which requires at least 1 merit to be a Jr Member. All existing Jr Members who didn't meet the requirement were demoted.
The following is the post stating the new rule:
https://bitcointalk.org/index.php?topic=5030366.0

To be honest, I really do not believe that I am a "newbie" to Bitcoin or Blockchain technology and I never spam in this forum at all.



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September 19, 2018, 12:27:38 AM
 #9133

I really look forward to the day when all the discussion around sia is based on the fantastic decentralised storage application, and the problems with mining and asics and bitmain etc are long past.

Has anyone considered using komodo's delayed PoW notary service with sia, would that work?
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September 19, 2018, 02:41:45 AM
Last edit: September 19, 2018, 04:28:33 AM by Searing
 #9134

I have been investing in Siacoin for almost a year and mining SC since the beginning of this year.
I wish Siacoin all the best.
I support whatever it takes the Devs team and community to make the Sia project better.
BTW, I just sadly realized that my JR member has been demoted and I am a "newbie" member again...
Can anyone in this thread help me?  It would be greatly appreciated...



Did someone hack your previous account? If so the only way to get it back is if you had saved your BTC address on the profile and then send the devs

a msg via private msg to prove you own that BTC address...then they can give it back. (or at least that is how it worked years ago). A blank paper wallet

on the profile with access to the private key for such purposes works just fine also. Stuff it in a book, someplace, just in case or simply copy-paste the

info on the empty wallet somewhere you can get at also.

As to your current problem, if you were demoted to a newbie because of a hack, and did not do above, you are out of luck.

Let us know if you have been demoted for another reason I"m not aware of..if for no reason contact a Moderator and ask...

could be a bug I guess

brad


Thanks so much for asking.
I just realized that there is a new rule in place,  senwhich requires at least 1 merit to be a Jr Member. All existing Jr Members who didn't meet the requirement were demoted.
The following is the post stating the new rule:
https://bitcointalk.org/index.php?topic=5030366.0

To be honest, I really do not believe that I am a "newbie" to Bitcoin or Blockchain technology and I never spam in this forum at all.




sent you some merit and a PM...did not seem to do any good Sad

you may have to research this more.

brad

edit: got his status fixed with some merit Smiley


Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/19. It also works with Windows 10 and allows 16 bit DOS game doors on the same Win 10 Machine! Five Minute Install! Look it over uninstalls just as fast! Freeware! Full BBS System! It is a frigging hoot!:)
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September 19, 2018, 02:54:13 AM
 #9135

I really really liked your project. Already wanna buy your tokens. Thanks for the development.
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September 20, 2018, 12:29:19 AM
 #9136


sent you some merit and a PM...did not seem to do any good Sad

you may have to research this more.

brad

edit: got his status fixed with some merit Smiley



Thanks a bunch for the merits Sir.
Proud to be a forum member now.

I was wandering the sia.tech's blog and their youtube channel, other than a weekly update, nothing really new.
The Sia Ledger Nano S app seems interesting, it is still a beta version, but I may give it a try, as I just got a Ledger Nano S as a gift.
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September 20, 2018, 12:32:23 AM
 #9137

no pow?
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September 20, 2018, 10:19:33 AM
 #9138

no pow?

no

If you don't believe it or don't get it, I don't have the time to try to convince you, sorry.
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September 20, 2018, 04:26:27 PM
 #9139

I was wondering if there is so much online storage demand, why are people still not using crypto as a decentralized storage option. This would be the perfect thing for encrypted backup right. You still don't hear a lot about it really.


Simple answer is...its not production ready yet

Yeah, that's the rub...the other ASIC makers making 10x or more Siacoin than expected for the debut of their Obelisk ASIC's and

NO, as you say production-ready cloud storage setup ready yet by SiaTech. With the current ASIC's fork or not adding to the amount.

Without the network up, Siacion in my view will hold little value, their network cloud storage now makes or breaks it, IMHO.

this includes people who trade and speculate, no scarcity argument to hodl for the network too many siacoin, thus scarcity for value

is off the table, again IMHO.

Then again, a buddy said they have $20 Million in the bank, they are not in fraud mode they did deliver a doorstop...thus if it

all goes to hell, those as SiaTech will go, ah well, we gave it a shot and be sitting pretty anyway!

(rinse/wash/repeat Butterfly Labs/GAW Miners/KNC games/Bitmain games/etc etc)


brad

Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/19. It also works with Windows 10 and allows 16 bit DOS game doors on the same Win 10 Machine! Five Minute Install! Look it over uninstalls just as fast! Freeware! Full BBS System! It is a frigging hoot!:)
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September 22, 2018, 10:54:50 PM
 #9140

I was not around for a while at the Siacoin project. Is this coin still worth to follow? What are the next plans for this coin? Will there be some releases in the near future? Would be nice if someone can give me more informations.

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