Topic: [ANN] Sia - Decentralized Storage - page 14. (Read 1382227 times)

I consider Storj the best competitor. I really like them. Although I constantly criticize them for their slow development, very small payments (beggarly) payments to farmers and the complete lack of anonymity.
Sia for me is a very sad coin. They are very revealing crap when offended at the fact that Bitmain did ASICs before the Sia developers.

I'm pretty sure all their 'discretionary' funds for such an endeavor are already tied up in unsold sia-tech miners, paying the devs and such their yearly income, and of course

the shooting over to the GRIN protocol for mining as well as a large bet, IMHO, of their profits (as such) from the sia-tech equipment sales. I mean they 'leaped' on GRIN with

'oil based miners' for crying out loud. I see no corresponding investment in the sia-storage option and/or development and or entrapranueal risks. Indeed, they have stated in the past

that the price of siacoin does not matter, in that it will simply be the means to use/compensate for their sia-tech anonymous and decentralized storage vision.

So again, IMHO, they are tapped out. The equip ASIC's they have in play 'better sell' or the whole endeavor for decentralized storage vision is gonna go 'poof' IMHO.

Again, wish someone had some hard numbers on building a sia-tech storage box. Even a small one with 'used' equipment, just to get an idea of how far off the mark they

are in their vision.

As an aside, did they EVER even sell the MINERBOX from last year? Do they even sell 'pre-built' units like that...that make any sense ROI wise? Or even less than ROI by a bit

just for experimentation. For all the 'emphasis' on their vision, I sure don't hear a lot about any of this.

But some hard and fast data on any box for storage that someone tried or has out in the real world ..well it would be nice to do some math on such.

Brad

It seems the percentage of "earning" is wrong if it takes that much free storage to earn SIA.  Staking coins have many different percentages, several start at 900% or more and go down over time.  If there is no incentive, maybe they need to release a new version where there will be one. 

I'd really, really, really like to be proven wrong on all this siacoin and sia-tech drama of 1 part coin 1 part equip and 1 part storage. But as far as I know (please, please

someone prove me completely wrong) you simply can't get even within miles of making any money on a sia storage box 'toy, even if your only goal is to put electric in

and hope siacoin comes out at more or less the same return. So, IF there was even a 20% loss of electric in for siacoin out on such a box, even if made with 'used' HD's

off the cuff. There would be, IMHO, at least more than a few folks doing such for giggles to promote this coin and vision. But it is just 'deafening' silence on this whole

part of their project and talk of how they got some corp data farm to do this stuff or something. The boat as it exists doesn't float. No hype, no storage demos, nothing.

Again, someone with a box put up some numbers on what you get even NOT including equipment costs....just frigging electric in (something that is built exists) vs storage

payment out..would be a start.

Anyway, would as usual like to be proven wrong on this, but not seeing it.

Brad

I haven't checked out the network adoption statistics recently, do you still lose money on the renting out space aspect? Are they just not marketing towards growing the customer base? I thought it was weird when they went into ASICs and thought, that will really distract from their main goal of growing the number of people storing files on it.

The catch is getting used and/or new HD's to rent out such space does not count. Not prudent or feasible or practical at all. The amount of space to make anything on siacoin storage

would require you to have an existing data hall and just do this for kicks. In that you already own the hardware and using it for data storage anyway, so why not use the unused space. It

seems that may be more trouble than it is worth at this time in the sia-tech storage universe for even that to be worthwhile.

I've said it before. Much talk of this storage option but very little in the real world, to justify such equipment purchases either used HD's or new HD's to make this feasible at this time.

But a lot more real-world $$$ can be made in the ASIC miner money making by sia-tech (what is it the 7th batch now?). To top that off, even the last of the ASIC miner batches

they are making are for GRIN coin and not siacoin. You add the other leg to the stool that is overbuilt that is the coin itself. Likely, IMHO, for the amount of work done.

The last leg of this 3 legged stool is the siacoin that is out in the world, much more difficult and much more coin than the siacoin storage network could justify even if it was up in full.

Lots of issues. Couple years behind Timeline. The emphasis on making equipment vs promoting the storage aspect of siacoin. Quite frankly, I'm surprised the coin is not 1/5th the

price it is currently. Not looking good IMHO. Not at all. They need to step it up so AT LEAST a hobbyist can make a sia-tech storage HD system out of used or new parts and play with

it and at LEAST make enough money for electricity in (you pay) for storage payments (to your) in (siacoin storage pays). Without that to move things along it looks like to me, full

stagnation for the storage option..the 'supposed' crown jewel of decentralized, everyone, anonymous cloud storage for everyone.

Naw, at the present time, I"m not buying the hype. They are going sideways on this project at best and likely backsliding big time without our full awareness.

my two siacoin of wisdom on this

Brad

Siacoin is earned by renting out your unused hard drive space. You can also mine it using your hard drive.  It doesn't stake and you cant earn more simply by having some.

Will that reward people?  I must be confusing SIA with another coin that isn't POS but not POW which I thought was rewarding
holders for the last couple of years. 

Are there any other competitors for sia at this point? I remember that there was one or two others, but cant remember their names.

Thanks. I thought there was some kind of reward system that SIA gave holders.

more like paycoin / Josh Garza movie whereas they lurking around boston  *stay tuned*

@paramind22 sia is PoW

 and when functional, data storage farming

If the coin has a profitable staking percentage, that alone puts some utility in the coin and will draw investors who like to stake. 

If the team can't answer this question, then maybe it's not worth it. 

I am sad to see siacoin having so many problems. I always figured the developers getting into the ASIC space was going to hurt them.

I have some old siacoin mining equipment if anyone is interested that I really need to offload. Basically a server and 5, 24 slot bay drives, all filled with 2 TB hard drives each. Almost 250 TB of storage. Anyone interested?

Does this coin stake?  It must be cheap now to start to get some stakes.  Anyone know?

support sia on ledger. everybody should go to vote

>>>>>https://trello.com/c/puwUWpl8/125-sia-support<<<<<

Well..hate to sound like 'sour grapes' but again to me, Sia-Tech is 'almost' perfectly following the ButterFly Labs scam. As long as they 'ship' a product (miners) no matter how

late. The SEC will simply go after the corporation and bankrupt such, with the 'principals' just walking away with Bitcoin from the equipment purchases.

Now 'supposedly' I was 'supposed' to be paid back about $610 or some such to my blockchain on Jan 31st, 2018. But nothing. No reason, just zippo.

This again, IMHO, was just a 'way' to get folk to 'spend' that supposed 'refund' on equipment batches that are dubious at best at this point in time.

The end game seems clear to me, coin speculation and massive difficulty with no storage option at the same level..in fact nowhere near that level. The same

for equipment. What is it 6 batches of Sia-Tech ASIC equipment and again (repeating myself) NO corresponding level of storage solution, again at the level

of these other two legs of this 3 legged stool...it again, seems to me, that Sia-Tech is using the model of BFL to wrangle their way out of a dubious method

of cryptocurrency mining and equipment over-kill, without any real 'storage solution' as they claim at the end of this exercise. Indeed BFL did the same, keeping

all the equipment (mining such) and benefiting from the BTC pump in price and then letting the corporation take the fall. This is a USA thing, miner makers have

an 'out' as long as they 'ship something' and are incorporated. We will see. Chump or Champ. But the silence is 'deafening' on where my supposed 'rebate' they

promised me and others for 1st batch equipment delays. Kinda put up or shut up time. Shut me up, I'd prefer to be wrong, just seeing this as a 'dwindling' likelihood

at this point in time.

Yups, sometimes good news affected to price of coins or tokens, but if dev team not giving a news or a good news its because development still on process. We just need to wait with patient. We cant blame the slowing process because sometime to implement a technology not easy as people think

After saw your post, I visited Sia forum, then its blog, and found that there are ofificial announcements from Sia team. However, by now it is just a demo app for iOS, that is compatible with Android. Good news for Sia enthusiasts is Sia team will keep develop it further from the successful demo app in order to bring better experience for Sia users when they store and retrieve data. You should visit the Sia's blog and Twitter to get their news later.
A New Chapter in Sia Mobile App Development

Weeeeee