Storj (SJCK) vs. Siacoin (SC) - Discussion

[stupid_seb]

From a client & price perspective

for 1TB, prices per months:
Storj price = $15 for storage + $5 for bandwidth (0.1 TB)
Si price = $2 for storage + $1 for bandwith (amount not disclosed)

Sources:
https://storj.io/pricing.html
http://sia.tech

Basically, Storj is 5 to 10 times more expensive than Sia...

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[Octron]

Luckily i didnt buy much Sia coin still maybe in 5 years or so ^^

[Gaius Cryptus Tradius]

I have a question about Storj Coin. I participated in the new ICO a few months ago. Now I have some coins.
I also have some STORJ X on Polo, are these different? Can I transfer the X coins to a MEW?

[Meije]

https://docs.storj.io/v1.1/docs/migrate-tokens-from-sjcx-to-storj

[Meije]

From a client & price perspective

for 1TB, prices per months:
Storj price = $15 for storage + $5 for bandwidth (0.1 TB)
Si price = $2 for storage + $1 for bandwith (amount not disclosed)

Sources:
https://storj.io/pricing.html
http://sia.tech

Basically, Storj is 5 to 10 times more expensive than Sia...

Storj and SIA are for different purposes and have different applications. SIA is more for backups and Storj more for fast object storage.

[dalek]

I have a question about Storj Coin. I participated in the new ICO a few months ago. Now I have some coins.
I also have some STORJ X on Polo, are these different? Can I transfer the X coins to a MEW?

No, you can't do that, because the pair code two coin is different, although the name and the price quite similar. But I don't know the coin STORJ X can store on MEW or not, you can try find some blog talking about add STORJ X to MEW on google

[elektibi75]

Did a lot on research on Sia, StorJ and Maidsafe - Sia is my favourite by far.

• Great, transparent team with good roadmap (Seriously, there is no other project-lead with such great community interaction)
• Nameworthy investors backing the project (Li Xiaolai just gave them a 400k grant to expand their team https://sia.tech/2017grant/)
• Mineable, no ICO
• Upcoming ASICs to strengthen network
• Rising development on top of the Sia network (eg. MineBox with HP cooperation)

In my opinion definitely a Top 10 coin in 2018 - I can only recommend to check out their reddit /r/siacoin.

Thanks for bringing this up! Looks good, although I sold all of my SIA few weeks ago. Well, it's goot time to pick it back up now!

[ruffles2016]

I think Storj will prove itself and gonna beat Siacoin. I plan to use both in future. I believe they will both release finished/useful product in the end.

[elektibi75]

I think Storj will prove itself and gonna beat Siacoin. I plan to use both in future. I believe they will both release finished/useful product in the end.

Didn't you read news about devs leaving Storj, some of them starting new storage project, etc...? Apparently they have some internal issues.

[virasog]

Alright one of them is much easier to use

[elc4pitan]

They are both shit. Siacoin devs want to hardfork to add some billions of coins into their own wallets.

That info is wrong.
This was a post from a dev who was thinking out loud of how the team could raise funds. This was never an official statement nor a team expression.
The Sia Devs are very open in communication, in this case maybe a bit too less sensitive.

Three days ago they got a grant and announced in Slack:
“Nebulous has received a generous grant from INBlockchain, to be used for the development of Sia. Li Xiaolai quotes: "don't worry about money, just have things well done".As a part of this grant, we are committing to not forking the blockchain to fund development, now or in the future."
 http://sia.tech/2017grant/

The fact that devs even considered hardforking cash into their own wallets is a very huge red flag. I don't see how many members of the community were blindly supporting this because "The devs know best!" I can't get behind that kind of mindless support.

Better to hardfork or come up with a solution than start an ICO ( and leaving the team like what happened at Storj ) .

Second this team is engaged with the comunity and their roadmap really looks brilliant  ,

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

Last but not least i wouldn't trust Vaporware nor a so-called decentralized network that once 1 node dies the rest dies along with it like what happened with Storj,

https://www.reddit.com/r/storj/comments/6vg2r3/storj_network_down/

You people need to start reading into stuff before coming out with fantasy statements

[Kat_Slash]

I think Storj is overvalued. Also the services they offer are expensive compared to Siacoin. Siacoin has been around from quite long and trusted. Lots of investor still think it hasnt shown its true colors!

[IamTraveler]

What about FileCoin ?? It seems to be a direct competitor to SIA and Storj. Does anyone know the difference ?
Also MaidSafe Coin seem to have the same purpose than Sia. What do you think about it ?

[virasog]

you simply download some software and pointed at your hard drive for since and let it run, but the drawback to that is that you don't really see the payouts until a month later.

[elc4pitan]

Since most of you people cant distinguish blockchain from cryptocurrency and its uses here's something usefull other than "Sia was low and i lost my pants, Storj is better..."

Sia isn't meant to make you win a quick buck, its a token used to fuel the hosts and the contracts, its a means to reward the miners and the hosts providing the service. You can practically do everything with SIA since they are improving their project that goes way beyond Backups, if you look at their Roadmap they have everything a good service should have, backup, streaming support, file sharing in all its uses.

Its a project with a team that is growing and making it better, they aproach the aspects of the token yes but they give more attention to the usefull part instead which means its a solid thing with legs to walk and a bright future ( too bad most of you people have no clue about the dimension of what they are doing ) because it will compete directly with services like AWS, Azure and every other big name out there.

Their coin ( for the greedy ones that can only read coin ) will be bound to hit 0.2...3ish which in itself is good because this provides for cheap reliable storage.

The system is improving and these guys really deserve the support of the comunity because its that good a project not just because you can profit a couple cents in the short run.

Storj is more like the dropbox of the blockchain projects, they are after money which in itself isn't bad but it doesn't mean they are special either.. their system is prone to crashing and these guys focus too much on economics when they should focus on providing something actually innovative ( which they don't )

Don't get me wrong, Storj is ok but nothing special and its expensive and rushed in comparison to Sia.

The rest of the coins, Maid and File are both poor projects, one has the inklings of a Scam while Filecoin is a scam.

And finally, to the people saying Kim Dot Com is making something and its good... Its not, hes a scammer, and as soon as the americans get their hands on him, he and everyone associated with him will be in trouble, that idiot claimed publicly that his service can be used to trade classified info using the blockchain storage projects so that means trouble for all of us while that idiot is on a crusade to fill his pockets.

[posternat]

From a client & price perspective

for 1TB, prices per months:
Storj price = $15 for storage + $5 for bandwidth (0.1 TB)
Si price = $2 for storage + $1 for bandwith (amount not disclosed)

Sources:
https://storj.io/pricing.html
http://sia.tech

Basically, Storj is 5 to 10 times more expensive than Sia...

Now sia on the other hand has a wallet where you see payouts information about your infrastructure very quickly and very easily but the software itself can be kind of complicated to set up as far as payouts I have no idea which one is better than the other because all we've done is really play around with it.

[lukey]

From a client & price perspective

for 1TB, prices per months:
Storj price = $15 for storage + $5 for bandwidth (0.1 TB)
Si price = $2 for storage + $1 for bandwith (amount not disclosed)

Sources:
https://storj.io/pricing.html
http://sia.tech

Basically, Storj is 5 to 10 times more expensive than Sia...

Now sia on the other hand has a wallet where you see payouts information about your infrastructure very quickly and very easily but the software itself can be kind of complicated to set up as far as payouts I have no idea which one is better than the other because all we've done is really play around with it.

November 30th - UI Update Sia Client 1.4.0. Software itself will be much easier to use! Plus more updates like File-Sharing. November is a big month for Sia!

[DanTheHam]

What about FileCoin ?? It seems to be a direct competitor to SIA and Storj. Does anyone know the difference ?
Also MaidSafe Coin seem to have the same purpose than Sia. What do you think about it ?

I gave up mining SIA a while back (and switched to a non storage based coin) simply because, I don't see a future for it. I can't see any large company wanting to go through the hassle (and risks) of exchanging cash for SIA then using it to buy storage. Currency fluctuations can have big effects on profitability (Lots of UK businesses after Brexit have seen profits squeezed, or even wiped out after GBP took a dive) Why would a large company already at risk of currency fluctuations increase that risk by also getting involved with crypto markets, and with something as important / essential as storage?

With high speed networks, falling SSD prices (and increasing capacities) along with super reliable HDD's does SIA really have a large scale customer out there? Perhaps content creators could find a use for SIA as an alternative back up space - but the likes of a large multinational with huge storage requirements would probably already have their own facilities in place. Honestly, I don't see enough small scale users to make up the difference.

So, that's why I got out - I don't think the demand will ever match the supply. I think it's important to have faith in any project you're investing in (whether it's buying coins or using resources to mine them, it all counts as an investment!) - I have a great deal of respect for all those who do believe that there's a future for SIA - perhaps you can see something I can't... (or maybe you are just smarter than me!) - however, for me - I think there are better options out there.

[CoinHoarder]

What about FileCoin ?? It seems to be a direct competitor to SIA and Storj. Does anyone know the difference ?
Also MaidSafe Coin seem to have the same purpose than Sia. What do you think about it ?

I gave up mining SIA a while back (and switched to a non storage based coin) simply because, I don't see a future for it. I can't see any large company wanting to go through the hassle (and risks) of exchanging cash for SIA then using it to buy storage. Currency fluctuations can have big effects on profitability (Lots of UK businesses after Brexit have seen profits squeezed, or even wiped out after GBP took a dive) Why would a large company already at risk of currency fluctuations increase that risk by also getting involved with crypto markets, and with something as important / essential as storage?

With high speed networks, falling SSD prices (and increasing capacities) along with super reliable HDD's does SIA really have a large scale customer out there? Perhaps content creators could find a use for SIA as an alternative back up space - but the likes of a large multinational with huge storage requirements would probably already have their own facilities in place. Honestly, I don't see enough small scale users to make up the difference.

So, that's why I got out - I don't think the demand will ever match the supply. I think it's important to have faith in any project you're investing in (whether it's buying coins or using resources to mine them, it all counts as an investment!) - I have a great deal of respect for all those who do believe that there's a future for SIA - perhaps you can see something I can't... (or maybe you are just smarter than me!) - however, for me - I think there are better options out there.

I came to a similar conclusion:

SJCX and SC are both operational, but there is little to no demand for the services. I recently (the past couple days) looked into a few ways to profitably utilize my extra hard drive space. The amount of demand for SJCX and SC storage space left me quite uninterested in these projects. Maybe demand will pick up and slowly grow over time, but I think it may be years (closer to 5 to 10 years) before they gain traction- if they do at all. So, I have taken them out of my portfolio, as I think they will stay at or under their current valuations for some time. The demand just isn't there for these services.

Good point about token value fluctuation being a hassle and risk. This can potentially be an issue with all utility tokens. One way around this though is if Atomic Swaps (or similar Shapeshift-like service) are implemented on the utility token, and then they are only purchased and used immediately... practically negating fluctuation risk/hassle. A working "stable coin" with Atomic Swaps is necessary though... something like bitUSD, Nubits, or Tether.

[Febo]

What about FileCoin ?? It seems to be a direct competitor to SIA and Storj. Does anyone know the difference ?
Also MaidSafe Coin seem to have the same purpose than Sia. What do you think about it ?

I gave up mining SIA a while back (and switched to a non storage based coin) simply because, I don't see a future for it. I can't see any large company wanting to go through the hassle (and risks) of exchanging cash for SIA then using it to buy storage. Currency fluctuations can have big effects on profitability (Lots of UK businesses after Brexit have seen profits squeezed, or even wiped out after GBP took a dive) Why would a large company already at risk of currency fluctuations increase that risk by also getting involved with crypto markets, and with something as important / essential as storage?

With high speed networks, falling SSD prices (and increasing capacities) along with super reliable HDD's does SIA really have a large scale customer out there? Perhaps content creators could find a use for SIA as an alternative back up space - but the likes of a large multinational with huge storage requirements would probably already have their own facilities in place. Honestly, I don't see enough small scale users to make up the difference.

So, that's why I got out - I don't think the demand will ever match the supply. I think it's important to have faith in any project you're investing in (whether it's buying coins or using resources to mine them, it all counts as an investment!) - I have a great deal of respect for all those who do believe that there's a future for SIA - perhaps you can see something I can't... (or maybe you are just smarter than me!) - however, for me - I think there are better options out there.

I came to a similar conclusion:

Interesting point. But rare coins already have use. Most coins price goes up by speculation how useful will be in future. If it will be 5 years from now then 5 years.  I sold my SIA when reached 500 satoshi. Now still trying to buy back. But I am mostly broke and can afford only small batches from time to time.