Price reached a level where selling is not an option anymore. Either you win along with it or you are gonna perish...
It's a longterm project. I am waiting for the decreasing inflation rate in the next years...
Topic: [ANN] Sia - Decentralized Storage - page 191. (Read 1382228 times)
Is there any map to change this situation?
The product is improving with each passing day making it more attractive for even more use cases and exciting integrations.
Also minebox.io has started shipping units last week, which will surely increase network utilisation:
http://mailchi.mp/10ff5ed7a543/mineboxos-goes-live
Is there any map to change this situation?
The product is improving with each passing day making it more attractive for even more use cases and exciting integrations.
Also minebox.io has started shipping units last week, which will surely increase network utilisation:
http://mailchi.mp/10ff5ed7a543/mineboxos-goes-live
Sorry if i am wrong
https://siastats.info/hosts_network.html -> Used storage = 90.88TB [~nothing]
1TB HDD ~ 300$ -> 90.88 * 300$ = 27,264$
https://coinmarketcap.com/currencies/siacoin/ -> 127,426,091$
For a mature product (relative to other coins) plus many good ideas behind plus an active team it is frustrating.I mean used storage is so small and curves looks flat. so why this happened?
Is there any map to change this situation?
https://siastats.info/hosts_network.html -> Used storage = 90.88TB [~nothing]
1TB HDD ~ 300$ -> 90.88 * 300$ = 27,264$
https://coinmarketcap.com/currencies/siacoin/ -> 127,426,091$
For a mature product (relative to other coins) plus many good ideas behind plus an active team it is frustrating.I mean used storage is so small and curves looks flat. so why this happened?
Is there any map to change this situation?
just when will it recover...Sia is in a good way to turn into a shitcoin!
Look what happening now, there is trend of revival of crashed coins!!! First BTS jump 800 to 1400 now DGB jump 40%, and now SC turn!!!!!!! Easy money!
So i just checked this stats on Sia from the link you provided. What I could see:
1. from 2016 until now the token count is following the supply chart, which is 30+ billion. That's correct
2. If the token adds up with the chart, means there has been no any token burns. Or should this happen sometime in future? when? How much?
3. What is the inflation chart based on, any explanation behind it?.. don't get me wrong but i can make a chart like that also. What is it based on?
If no burn and max supply, the value will keep going down, because of constantly bigger supply.
1. from 2016 until now the token count is following the supply chart, which is 30+ billion. That's correct
2. If the token adds up with the chart, means there has been no any token burns. Or should this happen sometime in future? when? How much?
3. What is the inflation chart based on, any explanation behind it?.. don't get me wrong but i can make a chart like that also. What is it based on?
If no burn and max supply, the value will keep going down, because of constantly bigger supply.
Proof of Burn is not yet active, it is planned for next year. It will be a feature to prove that hosts are legit,thus avoiding Sybil attacks. No one can predict how many coins will be burned at a certain time: it will depend on how much each host decides to burn per TB and how many files are stored on the network. Thus, the chart is not considering PoB mechanics and it is showing the coin supply based exclusively on the block rewards (that is predictable)
Inflation chart just means what percentage of new coins will be in circulation 365 days after any time point. It is the same as the inflation indexes we see in FIAT coins. For example, checking today the inflation for the next 365 days is 25%. In other words: it will be an extra 25% of coins in circulation. In 2020 inflation will be under 4% meaning that in 2021 there will be a 4% more of coins circulating than in 2020. Again, inflation can't consider PoB as it is not predicatble, and it is purely based on the block reward.
Why so much supply? Sia developers strongly believe in Proof of Work as the mechanism to secure the network. You need a block reward in order to keep miners incentivized forever. However, as the block reward will be the same every year once it goings down to 30000, the inflation will be smaller and smaller (same new minted coins for a total supply that increases every year).
Guys what is the damn max supply of this coin?
30+ billion is already in circulation.. is there an end to this?
30+ billion is already in circulation.. is there an end to this?
No there is no limit of coins in circulation: https://siastats.info/supply_inflation.html The number of mined coins decreases with every block, but the minimal will always be 30KS/block. However, this number will be less and less representative of the total coins in circulation: check the Inflation chart (second chart) on the link I provided.
Also take in mind in the future Proof of Burn mechanics will be used for hosts, so some coins will be burnt. With the proper adoption of storage, Sia can even become deflationary. Also, more adoption of the storage means more coins locked in contracts and collateral, so less circulating coins.
So i just checked this stats on Sia from the link you provided. What I could see:
1. from 2016 until now the token count is following the supply chart, which is 30+ billion. That's correct
2. If the token adds up with the chart, means there has been no any token burns. Or should this happen sometime in future? when? How much?
3. What is the inflation chart based on, any explanation behind it?.. don't get me wrong but i can make a chart like that also. What is it based on?
If no burn and max supply, the value will keep going down, because of constantly bigger supply.
Guys what is the damn max supply of this coin?
30+ billion is already in circulation.. is there an end to this?
30+ billion is already in circulation.. is there an end to this?
No there is no limit of coins in circulation: https://siastats.info/supply_inflation.html The number of mined coins decreases with every block, but the minimal will always be 30KS/block. However, this number will be less and less representative of the total coins in circulation: check the Inflation chart (second chart) on the link I provided.
Also take in mind in the future Proof of Burn mechanics will be used for hosts, so some coins will be burnt. With the proper adoption of storage, Sia can even become deflationary. Also, more adoption of the storage means more coins locked in contracts and collateral, so less circulating coins.
Sia needs to adopt a basic "free" model to bootstrap the network, gain credibility and get some measurable market share...
With charges for enterprise or non-standard services or heavy usage... or someone else will do it for p2p storage.
There is nothing radical about giving away limited free web services to gain market share.
With charges for enterprise or non-standard services or heavy usage... or someone else will do it for p2p storage.
There is nothing radical about giving away limited free web services to gain market share.
The average pricing a renter pays right now is $1/TB/month: that is close to nothing (compare it to the $23 of Amazon S3). Each host is receiving less than $0.50/TB/month. We can not ask hosts more efforts providing free storage. However storage providing companies that use Sia as a backend can offer free storage to their buyers and pay that part to the hosts. But this is something it should not be implemented at the network level
Is there any information published on how much space is actually being used on the Sia network? I'm not asking how much total space is available to use but rather how such space is being occupied right now?
90TB currently: https://siastats.info/hosts_network.html
Edit: Someone is buying hard! Think a bit...
Someone is buying hard means someone is selling hard.
Lol this killed me :p ... someone that is buying hard, of course means someone is selling hard, indeed.
Guys what is the damn max supply of this coin?
30+ billion is already in circulation.. is there an end to this?
very nice project...any chance to participate?
Sia will go up for sure. Great project, still active.
Still holding SIA coin hard like a Rock..
hoping for some miracle now
hoping for some miracle now
You are not the only one, but not like I'm a Rock..
. simply to sell now would be the most stupid decision I would do after waiting so long... I don't understand why such a good project is so cheap 
Waiting for 50 sat to buy)
Is there any information published on how much space is actually being used on the Sia network? I'm not asking how much total space is available to use but rather how such space is being occupied right now?
Not very much... << 5% of capacity last I saw some numbers.
Here's the whole adoption problem...
Would Google even exist if they chose a pay-alt-crypto-as-you-go model in 2000? No chance.
Sia needs to adopt a basic "free" model to bootstrap the network, gain credibility and get some measurable market share...
With charges for enterprise or non-standard services or heavy usage... or someone else will do it for p2p storage.
There is nothing radical about giving away limited free web services to gain market share.
Is there any information published on how much space is actually being used on the Sia network? I'm not asking how much total space is available to use but rather how such space is being occupied right now?
love that project.
How old coins are being pumped these days with x3 or x4 times. It seems that Sia is next on the list of those people. It has already significant volume with small changes in price. I have missed some previous but this time my eyes and hands are on this. I expect quick rise anytime.
Can someone here put in a nutshell what the main difference is between Storj and Sia?
Sia is a mineable coin, Storj is a token.Both are developed for decentralized storage of data.
Price for capacity/bandwidth: Sia - every user is able to make custom offers, Storj - global price is set be Storj (easier for farmers...no need to care about supply and demand)
Another upcoming storage provider is Filecoin.
Can someone here put in a nutshell what the main difference is between Storj and Sia?
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