[ANN] Sia - Decentralized Storage - page 111.

GreenPanda

member

Activity: 172

Merit: 20

Quote from: Amkolino on January 29, 2018, 12:27:25 PM

Why is mining dying?
IMO its worth. Making with a 225 watt gpu 165 dollars woth 0.07 dollar cents electricity..i love it.
+ Rigs. Hopefully this works forever :-p

I think a new generation of ASICS miners just released for this algo... Miners are renting those at high costs right now... I'm curious on the effect this will have on a price. You will have to mine something else unfortunately...

Amkolino

newbie

Activity: 42

Merit: 0

Why is mining dying?
IMO its worth. Making with a 225 watt gpu 165 dollars woth 0.07 dollar cents electricity..i love it.
+ Rigs. Hopefully this works forever :-p

alexandrofff

jr. member

Activity: 126

Merit: 1

Quote from: joae1975 on January 27, 2018, 08:42:57 PM

Quote from: big_daddy on January 27, 2018, 04:03:53 AM

anyone here mining with an A3?
how many SC are U getting per hour?

me only ~100 SC Huh

It's always better to just buy the coin than mine. That's why mining is a dying business. PoS is where it's at.

Due to your thoughts, I think you will be interested in the LuckyToken

cryptoninjapanda

member

Activity: 111

Merit: 10

Quote from: RocketSpeed on January 29, 2018, 09:24:43 AM

Quote from: MrSunshine on January 29, 2018, 06:31:50 AM

Quote from: detonat0rr on January 29, 2018, 12:06:45 AM

sc will soon be added to the stock exchange binance?

Not likely anytime soon. Binance wants a large fee for coins to be listed, 50 BTC I think, and since the SIA team didn't have a money grab ICO they likely aren't flush with cash yet.

50 BTC is a large fee? you kidding me? They have coin with 1,4b cap and they not have 50 btc?
Binance is great option and really worth do pay and put coin on it.
People got problems on other exchanges with wallets,transfers,registration and bought.
Binance fix that problems plus get a lot new investors.

I just curious why Sia team not make a offer for them.. They wan't own exchange? its really most stupid idea.
Sia can easly reach 0.50 cents. but only with binance.

Negotiation is in progress. Dev team was required to sign NDA https://www.reddit.com/r/siacoin/comments/7pfyjc/brief_update_on_binance/ . My guess is that SC will be added to binance very soon. Coin has a huge volume so binance would earn more than 50 btc within a week of listing. Also bitmain has to sell their miners Wink

RocketSpeed

newbie

Activity: 39

Merit: 0

Quote from: MrSunshine on January 29, 2018, 06:31:50 AM

Quote from: detonat0rr on January 29, 2018, 12:06:45 AM

sc will soon be added to the stock exchange binance?

Not likely anytime soon. Binance wants a large fee for coins to be listed, 50 BTC I think, and since the SIA team didn't have a money grab ICO they likely aren't flush with cash yet.

50 BTC is a large fee? you kidding me? They have coin with 1,4b cap and they not have 50 btc?
Binance is great option and really worth do pay and put coin on it.
People got problems on other exchanges with wallets,transfers,registration and bought.
Binance fix that problems plus get a lot new investors.

I just curious why Sia team not make a offer for them.. They wan't own exchange? its really most stupid idea.
Sia can easly reach 0.50 cents. but only with binance.

Pon13

full member

Activity: 670

Merit: 130

Quote from: Amkolino on January 29, 2018, 03:47:49 AM

Quote from: caleb150 on January 28, 2018, 09:54:31 PM

SC is not non asic resistant anymore. Mining with GPU is useless as the hashrate is very far from Asics miners.
The difficulty and hashrate is increasing. Hope the dev team can do something about this. Maybe make it mineable with different algo with difficulty adjusting according to the hashrate of each algo.

This difficulty bug is a mess.

I asked Nanopool Support about it and they replied with "approx end of january fork its gone".

No shares at all.

so its a bug that nanopool hasnt find any block for like two days? cause ok...asics can be used in everypool...

2 days no blocks is pretty strange for one of the largest pools.

big_daddy

hero member

Activity: 1680

Merit: 583

xUSD - The PRIVATE stable coin - Haven Protocol

I am trying to send some SC to Poloniex, on bittrex I have send it successfully, but on Polo it does not show
the transaction is verified on the chain 3 days from now

no answer from the support to the ticket.... Huh

MrSunshine

sr. member

Activity: 1181

Merit: 259

Quote from: detonat0rr on January 29, 2018, 12:06:45 AM

sc will soon be added to the stock exchange binance?

Not likely anytime soon. Binance wants a large fee for coins to be listed, 50 BTC I think, and since the SIA team didn't have a money grab ICO they likely aren't flush with cash yet.

Amkolino

newbie

Activity: 42

Merit: 0

Quote from: caleb150 on January 28, 2018, 09:54:31 PM

SC is not non asic resistant anymore. Mining with GPU is useless as the hashrate is very far from Asics miners.
The difficulty and hashrate is increasing. Hope the dev team can do something about this. Maybe make it mineable with different algo with difficulty adjusting according to the hashrate of each algo.

This difficulty bug is a mess.

I asked Nanopool Support about it and they replied with "approx end of january fork its gone".

No shares at all.

Big Naturals

sr. member

Activity: 756

Merit: 268

Quote from: d57heinz on January 28, 2018, 12:27:21 PM

0 steps should be taken. Let it play out as decentralized intended. Adapt or die is the crypto motto! They were openly public about the creation of obelisk. I can’t imagine the team didn’t have the foresight to think where there is money to be made another company with the skills wouldn’t try to step on some toes. It’s business as usual. Again adapt or die. Should this justify a fork. Hardly!

The biggest problem with crypto is that people don’t understand the word decentralized. If you don’t like the path this is going then by all means the code is public. Create siacash😜. Won’t make a difference. The money is in where the ASICs secure the network.

BR

I agree, surviving attacks is part of the natural selection process that will decide which coins become next Amazon, Google, Facebook.

Bitmain is a predator, but sia will adapt and grow stronger.

detonat0rr

newbie

Activity: 26

Merit: 0

sc will soon be added to the stock exchange binance?

ilcapitano

member

Activity: 462

Merit: 14

Quote from: caleb150 on January 28, 2018, 09:54:31 PM

SC is not non asic resistant anymore. Mining with GPU is useless as the hashrate is very far from Asics miners.
The difficulty and hashrate is increasing. Hope the dev team can do something about this. Maybe make it mineable with different algo with difficulty adjusting according to the hashrate of each algo.

Since the start, Siacoin was not ASIC-resistant, right? So I dont know what you actually meant in the thread.

caleb150

newbie

Activity: 126

Merit: 0

SC is not non asic resistant anymore. Mining with GPU is useless as the hashrate is very far from Asics miners.
The difficulty and hashrate is increasing. Hope the dev team can do something about this. Maybe make it mineable with different algo with difficulty adjusting according to the hashrate of each algo.

ikill4food2

member

Activity: 126

Merit: 11

Quote from: onionpealer on January 28, 2018, 08:12:20 PM

I thought the opposite would more likely be the case, as supply increases the price goes down, as with everything else unless it's different in altcoins. The examples of previous price rises may be due to other factors.

Not so, Proof of Work algo adjusts - these common factors when - as always DYOR

Quote from: Hakkane on January 26, 2018, 09:17:15 PM

The increase in hashrate (about 10x compared to 1 week ago right now) is having zero impact in the supply and will have zero impact even if it increases 1000x. This is a common misunderstanding of people not familiar with Proof of Work. The blockchain has a parameter called "Difficulty" that increases at the same rate as the hashrate in the network. This makes that no matter how many ASICs connect to the network, the block time, and so the block rewards (that create the increase in supply) remains exactly the same. The Supply is predictable and immutable: https://siastats.info/supply_inflation.html

Actually the two last hardforks we had in the last months were aimed to make the difficulty algorithm to update the difficulty every block instead of every 4 days, so with the arrival of ASICs the impact in the block generation was zero.

onionpealer

jr. member

Activity: 238

Merit: 1

Quote from: ikill4food2 on January 25, 2018, 07:50:51 PM

Quote from: Zeneize on January 25, 2018, 07:35:22 PM

Are the SIA mining ASICS already coming on the market? This could be the premise to a nice rise in the price of the coin, am I right?

In history of every coin that ASICS became available, price increased dramatically. Many examples to choose from here.

I thought the opposite would more likely be the case, as supply increases the price goes down, as with everything else unless it's different in altcoins. The examples of previous price rises may be due to other factors.

CryptoWaffle

jr. member

Activity: 187

Merit: 2

Quote from: joae1975 on January 27, 2018, 08:42:57 PM

Quote from: big_daddy on January 27, 2018, 04:03:53 AM

anyone here mining with an A3?
how many SC are U getting per hour?

me only ~100 SC Huh

It's always better to just buy the coin than mine. That's why mining is a dying business. PoS is where it's at.

impossible to buy/find a GPU and there are a lot more miners everyday btw.

d57heinz

legendary

Activity: 1453

Merit: 1011

Bitcoin Talks Bullshit Walks

Quote from: vortexz on January 28, 2018, 09:27:17 AM

Is bitmain a real threat for Obselik asic machines
what steps sia team will take to prevent it happening

0 steps should be taken. Let it play out as decentralized intended. Adapt or die is the crypto motto! They were openly public about the creation of obelisk. I can’t imagine the team didn’t have the foresight to think where there is money to be made another company with the skills wouldn’t try to step on some toes. It’s business as usual. Again adapt or die. Should this justify a fork. Hardly!

The biggest problem with crypto is that people don’t understand the word decentralized. If you don’t like the path this is going then by all means the code is public. Create siacash😜. Won’t make a difference. The money is in where the ASICs secure the network.

BR

vortexz

legendary

Activity: 1120

Merit: 1001

Is bitmain a real threat for Obselik asic machines
what steps sia team will take to prevent it happening

centner

member

Activity: 140

Merit: 10

Quote from: yetme on January 28, 2018, 08:16:48 AM

Quote from: Photographer on January 26, 2018, 07:19:14 PM

How massive will be exactly the increase in supply? I didn't follow the latest developments, no mention of this increase on OP, but I own some SIA and I'm interested in these marginal details like increment of supply...

There will be no increase in supply. The supply stays the same. The network's hashrate on the other hand will increase drasctically, so the only ones who suffer are GPU-boys. Well I have news for you: GPU mining is over. Invest in new equipment or you'll be out of the market in a few months.

Increased difficulty drives the price up. It's going up already as we speak. Look at what happened to other coins after Bitmain released their ASICs:
LTC - x30 in 1 year
DASH - x70 in 1 year

So just buy more SIA and enjoy the ride.

That's right! I bought this coin at 0.03 next at 0.07 and last time at 0.04. I think it have a great team, working technology that regularly updated and good growth potential in 2018!

yetme

member

Activity: 174

Merit: 12

Quote from: Photographer on January 26, 2018, 07:19:14 PM

How massive will be exactly the increase in supply? I didn't follow the latest developments, no mention of this increase on OP, but I own some SIA and I'm interested in these marginal details like increment of supply...

There will be no increase in supply. The supply stays the same. The network's hashrate on the other hand will increase drasctically, so the only ones who suffer are GPU-boys. Well I have news for you: GPU mining is over. Invest in new equipment or you'll be out of the market in a few months.

Increased difficulty drives the price up. It's going up already as we speak. Look at what happened to other coins after Bitmain released their ASICs:
LTC - x30 in 1 year
DASH - x70 in 1 year

So just buy more SIA and enjoy the ride.

Topic: [ANN] Sia - Decentralized Storage - page 111. (Read 1382228 times)