Topic: [ANN] Sia - Decentralized Storage - page 195. (Read 1382228 times)

What is going on here?! The price dropped below what had ever come to my head!
Not sure if i have to buy cheap coins or i have to go out with everything..

Sia under 100 sats?! I can't believe this is true reality.
Whats wrong with you people?! 
This market crashed almost 90% since ATH, without any change in "fundamentals".
If that's not "buy signal" I don't know what is...

In top of those great news, I add two more:

- Minebox started shipping units last week. In a few weeks we should see an increase in network usage and number of hosts

- Looks like a small announcement, but it is actually a milestone: The developer @thegreatdb has released siacdn.com, a CDN using the Minio integration to offer storage on the Sia network. It is awesome, because it is the first storage service using Sia where you can pay in FIAT. Its users will not even need to know what Siacoins are to start using the Sia network


It is not so difficult to find, it is linked on the Sia's webpage: https://twitter.com/SiaTechHQ

I have big expectations regarding this coin, despite it's current price. One day it'll definitely go to the moon! So the best tactic now is just HODL and wait, don't sell it now!

You point out exactly why Sia has an excellent chance of becoming the premier storage provider.  Hosts are currently accepting low rates as overall demand is low.  One only has to look at the jump in contracts to see the low rates having the expected impact (https://siastats.info/index.html).  When the system matures and we reach an equilibrium of sorts, prices will rise.  No person is mandated to accept prices in a free market deal.  Any agreed upon deal can be accepted as beneficial to both parties; else, there would be no contract.  To the best of my knowledge, Sia is the only game in town that has created a true decentralized free market.  Free markets are the most efficient in the world.  If the devs stay on this project til maturity, Sia may very well become a game changer.  Kudos to the hard working coders.

If I'd be Microsoft or Amazon, I'd do that to slow SIA down...its change money for them


Actually, they could mine it and even make some profit, while dumping it

when sia coin go to the moon im waiting for the long time until now still no movement how sad my bitisi stuck on sia

People shouldn't put huge sell orders at low prices. That's just shootin yourself in the feet.

will it go up ? holding it for a long time.

Can we have our downloadz yet?

this is a situation that makes me saturated

it's been more than 4 months I waited long enough there will be a pump

but until now there is still no movement that makes me sell 10% that I have

I wonder how long this situation happened

duplicati integration, minio integration.

new version coming up soon with seed based recovery and ready for cold production level storage.

New pool which donates 10% of its profits to the devs.

Currently the strong competition among hosts has sunk the prices of storage, right, but in the future they can easily stabilize in a fair price good for both sides. Remember: it is the host who decides his own pricing. For instance, let's consider hosts ask for $1-2/TB/month

- For renters, after 3x redundancy, that is $3-6/TB/month, still considerably lower than traditional clouds (3-7x less than Amazon S3). Good business for them

- For hosts: You can find HDDs of NAS-grade quality under $25/TB (or even 20). That means a ROI of 1-2 years. Those disks are prepared for lasting 5 years or more. Unlike mining, when you host there is not a "difficulty factor" that increases over time reducing your earnings. Are you competitive in pricing? You'll get contracts forever. And electricity costs are irrelevant. A good NAS-grade disk consumes under 4-5W, and a whole system with 4x8TB disks for instance will consume less than 50W. ROI is long compared to mining, but it is a more stable and predictable business, so it is good niche for many, specially those that have access to expensive electricity

Current SC's prices are good for renters, but not the hosts.

Simple math tells us that with a 15 TB hdd farm, I'd make 4.5 usd/month by renting all of those disks. That's based on your very own numbers.

It's not even worth the electricity.

Sia will never be a good hosting solution, it's either unprofitable for the renter or the host.

a hero member that cant read the chart ?? wtf dude start learning please

What's the latest new for sia? Had a baaaad run...

i am standing at 20% of my buy price..
should have kept stop loss for it...

Including the 3x redundancy, the network usage in 3%. There are 3 Petabytes still available, and be sure hosts will add more disks, and new hosts will be attracted, as soon as the usage grows. BTW, encryption does not increase substantially the size of the file.

Oh, I am absolutely aware of that! And do you know how much are renters currently paying including the 3x redundancy? $1/Tb/month: https://www.siastats.info/storage_pricing.html . And $0.20/TB in bandwidth costs.

Besides, we were speaking about download speeds, not prices. And about speeds, having 30 hosts for each file means you have the combined upload speeds of all of them for your download

Nice for you that you have a crystal ball. I hope it is making you rich!.

I am not into betting. I am more into facts and data. And speaking about "no one using the Sia network", take a look at the evolution of active contracts: https://www.siastats.info/active_contracts.html

If you make a purchase in FIAT using Paypal (for example), of course you can present those bills. And there are already several developers working on those platforms that will accept FIAT for using Sia storage


Sia offers both:

- Reliability: collateralizing hosts they are incentivized to keep 97% uptime (otherwise they lose large amounts of Siacoin). Being only 10 out of 30 hosts required to retrieve the file (Reed-Solomon redundancy), 99.9%+ uptime for your files is guaranteed
- Cheaper: How many times are you going to insist on this lie? $1/TB/month is what a renter on Sia pays including the 3x redundancy (https://www.siastats.info/storage_pricing.html). Compare this to $23/TB/month in Amazon, $30 in Azure or $50 in Akami

And additionally to traditional services:

- Native encryption. No company or government will access your files
- Decentralization. No single point of failure or closing provider will terminate your access to the files

Do you know AWS asks for $10/Tb in bandwidth while Sia only $0.20/TB?   I have already presented twice the comparison in storage pricing


Are you going to debate these points like any reasonable user or instead you will ignore this and come back in a few weeks to tell the same lies and misunderstandings again and again as you have been doing in the past?

You are back, we were missing you and your FUD!!! It has been like 3 weeks without posting here, I was concerned about you 

False. So far 3.2 PetaBytes are available of which only 3% is being used (https://siastats.info/hosts_network.html). Hosts are not offering more space because the demand is still small. Let the demand grow and you'll see hundreds of hosts adding their storage to the network

False. Each file is spread among 30 hosts, and when you download, you receive chunks of the file from all of them at the same time. That's the power of distribution and decentralization

No need for it, you are missing the point. Sia is targeted to companies (they have IT teams) and to storage providers that will create cloud storage solutions user-oriented using the Sia storage layer. The final users will not see the Sia network or even know it exists

But you can give the receipts of your coin exchange. Besides, developers are creating applications on top of Sia accepting FIAT as a payment, doing all the conversion and Sia managing behind the scenes. Users will have no need to know what Sia or Siacoins are.

False. Storage price is independent of Siacoin price fluctuation, as hosts select their own pricing, adjusting it to dollar prices: https://siastats.info/storage_pricing.html. The companies just need to buy Siacoin on the go (or not if you read my previous points) and they will be paying the same final amount in dollars.

Just clean your glasses then. Cloud storage is a multi-billion business with a grow projection of several folds in the next years due to the increase use big media formats, streaming, AI and machine learning...

And then the destiny of your network would be tied to a different blockchain that you don't control, can collapse, can make operations extremely expensive due to Gas expenses and have a very concerning trend to hard-forking the network every few months. Some small tokens can do good inside an external blockchain. But big projects require their own blockchain for security


The thread is quiet because Bitcointalk is not an official channel. I recommend you instead checking the Discord or the Reddit


They have no need of fundraising right now: They have VC investors, grants, the operational benefits of ASIC manufacturing and now a mining pool (Luxor) that donates them. In the long term, they own SiaFunds as an economic incentive to succeed in the general adoption of Sia.