[ANN] Sia - Decentralized Storage - page 202.

Hakkane

sr. member

Activity: 422

Merit: 270

Quote from: inlovewith on September 15, 2017, 08:16:24 PM

Thanks for the information. That 7gb is killing me though, since I was planning on testing it out with 20 gb that I have free. I'll give it a try anyway just to test it out.

This actually could be big, the problem is that it needs the same name recognition of a DropBox and Google Drive. Marketing seems like the most important part. Also it needs a way for the average user to use it the same way they use the others, with cash.

The minimal amount you can offer is 20GB, and even if you have exactly 20GB, you are not going to get any contract as you will have a very heavy penalization for low free storage (a multiplier in your score of 0.00024 in the case of 20Gb) ... I am sorry Cry

Sia is not oriented to final costumers, but instead to enterprises and storage providers that want to use Sia as their storage layer instead of the servers of Amazon, Azure and so. Some services that accept FIAT an do all the Sia thing (exchange and protocol) in the background are being developed

inlovewith

sr. member

Activity: 257

Merit: 252

Quote from: Hakkane on September 15, 2017, 07:01:24 PM

Quote from: inlovewith on September 15, 2017, 06:39:27 PM

I'm currently downloading this, since I have free hard drive space. I hope it doesn't download the blockchain to host space.

Edit: I need 2,000 Sia coins to host. But that's $7. Can somebody update me on the roadmap for this coin? Is hosting at the moment profitable?

You will need to download the blockchain, about 7GB. It can take longer if you use HDDs instead of SDD, but you can also do it faster with this: https://siawiki.tech/daemon/bootstrapping_the_blockchain

Yes, you need a to setup some collateral as a guarantee that you will keep the files of the renters intact during the contract time (default: 13 weeks) and you'll keep a good uptime (95-97% of time required as minimal availability). 2000SC is the minimal collateral to setup, but more is needed to host a full TB. All that is returned if you are a good host

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

Hosting average prices to be competitive are about 100-150SC/Tb/month (plus some extra in bandwidth pricing). It is profitable if you have already that space available or if you can purchase cheap HDDs. For instance, if you price at $1/Tb/month and buy disks at $20/Tb you do ROI in one year and half. Good disks are prepared to be functional for 5 years or more, so it is not a bad business.

Thanks for the information. That 7gb is killing me though, since I was planning on testing it out with 20 gb that I have free. I'll give it a try anyway just to test it out.

This actually could be big, the problem is that it needs the same name recognition of a DropBox and Google Drive. Marketing seems like the most important part. Also it needs a way for the average user to use it the same way they use the others, with cash.

Hakkane

sr. member

Activity: 422

Merit: 270

Quote from: inlovewith on September 15, 2017, 06:39:27 PM

I'm currently downloading this, since I have free hard drive space. I hope it doesn't download the blockchain to host space.

Edit: I need 2,000 Sia coins to host. But that's $7. Can somebody update me on the roadmap for this coin? Is hosting at the moment profitable?

You will need to download the blockchain, about 7GB. It can take longer if you use HDDs instead of SDD, but you can also do it faster with this: https://siawiki.tech/daemon/bootstrapping_the_blockchain

Yes, you need a to setup some collateral as a guarantee that you will keep the files of the renters intact during the contract time (default: 13 weeks) and you'll keep a good uptime (95-97% of time required as minimal availability). 2000SC is the minimal collateral to setup, but more is needed to host a full TB. All that is returned if you are a good host

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

Hosting average prices to be competitive are about 100-150SC/Tb/month (plus some extra in bandwidth pricing). It is profitable if you have already that space available or if you can purchase cheap HDDs. For instance, if you price at $1/Tb/month and buy disks at $20/Tb you do ROI in one year and half. Good disks are prepared to be functional for 5 years or more, so it is not a bad business.

inlovewith

sr. member

Activity: 257

Merit: 252

I'm currently downloading this, since I have free hard drive space. I hope it doesn't download the blockchain to host space.

Edit: I need 2,000 Sia coins to host. But that's $7. Can somebody update me on the roadmap for this coin? Is hosting at the moment profitable?

rabidri

newbie

Activity: 50

Merit: 0

Quote from: bgibso01 on September 15, 2017, 12:46:12 PM

Quote from: z0n0 on September 15, 2017, 06:57:05 AM

Quote from: MrSunshine on September 15, 2017, 06:42:02 AM

Quote from: Theones on September 14, 2017, 10:41:34 PM

So big correction for Bitcoin is not helping Sia. But anyway from my observation bottom is already reached, so now is the best moment to fill wallets Wink

Pump is coming Wink

Right there is blood in the streets, now is the time to buy.

Not yet, we'll see even bigger drop. Wait bit more and then buy shit ton of SIA.
Cool

Why are you saying bigger drop
its already done with dropping and i think it hit bottom with that

131 sat at the moment, not sure we can go any lower ... I bought some few days ago, i should have waited :p

dannyyppace

newbie

Activity: 88

Merit: 0

Thers has been no race created in which Sia had been defeated.

handsum242

member

Activity: 67

Merit: 10

Quote from: liljsbach on September 15, 2017, 07:03:14 AM

Jesus Christ. Why there is such an amount of noobs surrounding this project? Have you ever seen a market cycle in your life? I'm sorry if you FOMO'ed into SC when it was >300 SAT but we're in a depression state right now and fundamentals didn't change at all - both FA and TA suggest you to accumulate as much as you can in these prices.

my thoughts exactly! clearly, the community of Sia coin is full of weak hands that can't hold when there is a drop or even a slight price rise, what is wrong with you guys Huh

!

bgibso01

legendary

Activity: 1218

Merit: 1001

Quote from: z0n0 on September 15, 2017, 06:57:05 AM

Quote from: MrSunshine on September 15, 2017, 06:42:02 AM

Quote from: Theones on September 14, 2017, 10:41:34 PM

So big correction for Bitcoin is not helping Sia. But anyway from my observation bottom is already reached, so now is the best moment to fill wallets Wink

Pump is coming Wink

Right there is blood in the streets, now is the time to buy.

Not yet, we'll see even bigger drop. Wait bit more and then buy shit ton of SIA.
Cool

Why are you saying bigger drop
its already done with dropping and i think it hit bottom with that

liljsbach

member

Activity: 71

Merit: 10

Jesus Christ. Why there is such an amount of noobs surrounding this project? Have you ever seen a market cycle in your life? I'm sorry if you FOMO'ed into SC when it was >300 SAT but we're in a depression state right now and fundamentals didn't change at all - both FA and TA suggest you to accumulate as much as you can in these prices.

z0n0

legendary

Activity: 1274

Merit: 1006

Quote from: MrSunshine on September 15, 2017, 06:42:02 AM

Quote from: Theones on September 14, 2017, 10:41:34 PM

So big correction for Bitcoin is not helping Sia. But anyway from my observation bottom is already reached, so now is the best moment to fill wallets Wink

Pump is coming Wink

Right there is blood in the streets, now is the time to buy.

Not yet, we'll see even bigger drop. Wait bit more and then buy shit ton of SIA.
Cool

MrSunshine

sr. member

Activity: 1181

Merit: 259

Quote from: Theones on September 14, 2017, 10:41:34 PM

So big correction for Bitcoin is not helping Sia. But anyway from my observation bottom is already reached, so now is the best moment to fill wallets Wink

Pump is coming Wink

Right there is blood in the streets, now is the time to buy.

btcone111

full member

Activity: 266

Merit: 110

Quote from: gord87 on September 14, 2017, 08:35:48 PM

Won't google/amazon etc just bring their own cheap decentralised storage and customers will just stay with them when they match the price sia charges?

Of course not. Google and amazon have VERY high fixed costs and things like that.
Sia coin cannot fall too much now because the lower it falls, the cheaper the service. This will only make sia coin skyrocket when it gains popularity for its value service!

BUY BUY BUY BUY!!!!!!!!!!!!

Theones

full member

Activity: 1204

Merit: 110

So big correction for Bitcoin is not helping Sia. But anyway from my observation bottom is already reached, so now is the best moment to fill wallets Wink

Pump is coming Wink

gord87

newbie

Activity: 6

Merit: 0

Lets hope not, I've high hopes for this project

Binomer

newbie

Activity: 5

Merit: 0

I doubt it, the amount of work by the devs to get the project to this stage is staggering so not so easily reproduced. Possible they may sub contract to Sia though

gord87

newbie

Activity: 6

Merit: 0

Won't google/amazon etc just bring their own cheap decentralised storage and customers will just stay with them when they match the price sia charges?

btcone111

full member

Activity: 266

Merit: 110

Quote from: rabidri on September 14, 2017, 06:05:55 PM

Quote from: btcone111 on September 14, 2017, 11:16:28 AM

It's time to buy into this coin now. It has definitely hit rock bottom. When it soars, we'll all be billionaries!

ahah

btc-eur is going so low at the moment, i might buy some more coins

yes. when SIA releases a new wallet and solves the current wallet performance issue, market will be drawn to this project like it did three months ago. Then price will soar to a very very high level! i ecpect a rise of 7x from current level within 6 months if you do the calculatíon properly!

rabidri

newbie

Activity: 50

Merit: 0

Quote from: btcone111 on September 14, 2017, 11:16:28 AM

It's time to buy into this coin now. It has definitely hit rock bottom. When it soars, we'll all be billionaries!

ahah

btc-eur is going so low at the moment, i might buy some more coins

btcone111

full member

Activity: 266

Merit: 110

It's time to buy into this coin now. It has definitely hit rock bottom. When it soars, we'll all be billionaries!

Hakkane

sr. member

Activity: 422

Merit: 270

Quote from: BossBee on September 14, 2017, 10:06:45 AM

I heard from some one respectable that Nebulous takes some profits from the hosts, is this true? I can't find anything immediate on tho.

Not form hosts, but from the renter's money used to form the file contracts (the allowance). A 3.9% of the whole file contract cost is deducted from the allowance and paid to SiaFunds holders. SF is a second coin in the network (https://siawiki.tech/wallet/siafund). From the total 10000SF, 8851 are owned by Nebulous and the rest was sold 2 years ago in the initial IPO. As Siacoins were never strictly pre-mined (only the first 100 blocks), SFs are the only income source of Nebulous, and a tool to encourage them to work for increasing the adoption of Sia, as they will not be really profitable until the use of the network increases.

Topic: [ANN] Sia - Decentralized Storage - page 202. (Read 1382196 times)