[ANN] Sia - Decentralized Storage - page 217.

Pajulapoiss

sr. member

Activity: 554

Merit: 251

Quote from: Hakkane on August 17, 2017, 12:13:58 PM

Quote from: aoluain on August 17, 2017, 09:41:55 AM

I think there needs to be more marketing of some kind involved
for SIA, I dont think people understand that you can HOST and
STORE files already with SIA.

and if you HOST you get rewarded!

In their recent tri-annual report they have already indicated they will do a bigger effort in marketing. The team had already a PR (Zack Herbert) and now they have hired a Community Rep (@Steve).

Also, all the marketing on earth is worthless if people do not check the sources and try to learn, instead of just reading the trading charts of coins. For what you mention, anybody spending 10 minutes in Sia's webpage (https://sia.tech/) will know immediately that the network is already working for storing files (it has been working for more than 2 years), and that hosts are rewarded for that. And if the spend 15 minutes more reading the wiki (https://siawiki.tech/) they will go from zero to hero Wink

Thanks for the heads up, will be buying more SIA as soon as I get a chance. I can totally see SIA being a dominant force in future storage business!

Hakkane

sr. member

Activity: 422

Merit: 270

Quote from: obszoenling on August 17, 2017, 01:38:13 PM

So why does the raise of contracts not effect the sia price? I would assume, the more contracts th more sia you need/people buy. Or is the price of cloud storage halved in the same time? I can't find a good reason why Sias coin price dropped so hard and unless most other coin hasn't regained at all.

As @Yefet indicated very accurately on the previous post, Hosts adjust the pricing in USD (they compete against Amazon, Microsoft, Dropbox and so, who price in USD, not BTC). So it makes a lot of sense that Sia goes paired to the USD/BTC exchange rate. Actually, the SC/USD has been stable in between 0.007-0.01 for months

There will be room for increases in SC/USD too in the future when the network utilization grows drastically...

Quote from: esconceptsz on August 17, 2017, 02:50:01 PM

To that tune, I'd like to be able to mine a minimum of 3,000,000 before Obelisk end of life, which is maybe 6-8 months of mining with 5 of them (at 100Gh/s)? Who knows what the difficulty will be.

Actually it is not so difficult to predict the difficulty. Once you know the total number of sold units in first batch, as GPUs will be totally outcompeted, something like 80-90% of hashing power will be in the hands of the owners of Obelisks. That, of course until a second batch of miners is shipped or another manufacturer releases theirs

spunkybd

full member

Activity: 260

Merit: 102

No one use Poloniex. Their support is trash and their sia transfers are intermittently broke. Definitely use bittrex.

esconceptsz

newbie

Activity: 27

Merit: 0

I ended up ordering 5x Obelisks. Time will tell if that was a good idea or not, who knows. Total came to $12670 with shipping. Sia is an awesome project. I'm a bit worried about Filecoin, I've read all the comments about Sia being better tech and that Filecoin doesn't actually exist yet. But sometimes the winner ends up being the one with the biggest bankroll and highest profile backers. Not sure who that is at this point.

Siacoin was ~$.008 at the time I ordered. If I were to buy Siacoin outright - $12670/.008 = 1,583,750 Sia (roughly)

So the way I figure... the ROI is the $12670 + added risk of product uncertainty + my time & effort setting up/operating + electricity costs.

To that tune, I'd like to be able to mine a minimum of 3,000,000 before Obelisk end of life, which is maybe 6-8 months of mining with 5 of them (at 100Gh/s)? Who knows what the difficulty will be.

It'd be great if the 100Gh/s spec became more like 200Gh/s or higher!

obszoenling

full member

Activity: 448

Merit: 100

Quote from: MrSunshine on August 17, 2017, 12:54:41 PM

Quote from: Hakkane on August 17, 2017, 12:13:58 PM

Quote from: aoluain on August 17, 2017, 09:41:55 AM

I think there needs to be more marketing of some kind involved
for SIA, I dont think people understand that you can HOST and
STORE files already with SIA.

and if you HOST you get rewarded!

In their recent tri-annual report they have already indicated they will do a bigger effort in marketing. The team had already a PR (Zack Herbert) and now they have hired a Community Rep (@Steve).

Also, all the marketing on earth is worthless if people do not check the sources and try to learn, instead of just reading the trading charts of coins. For what you mention, anybody spending 10 minutes in Sia's webpage (https://sia.tech/) will know immediately that the network is already working for storing files (it has been working for more than 2 years), and that hosts are rewarded for that. And if the spend 15 minutes more reading the wiki (https://siawiki.tech/) they will go from zero to hero Wink

Yea, also follow Sia on twitter at: https://twitter.com/SiaTechHQ as they put out a tweet or so a day.

They don't seem to market on this board for some reason.

Did you see from the tweet from yesterday:

From the triannual update: file contracts have doubled from about 100 TB to 200 TB in the last four months. https://blog.sia.tech/sia-may-august-2017-update-8929f21c56f7

So why does the raise of contracts not effect the sia price? I would assume, the more contracts the more sia you need/people buy. Or is the price of cloud storage halved in the same time? I can't find a good reason why Sias coin price dropped so hard and unless most other coin hasn't regained at all.

Yefet

hero member

Activity: 643

Merit: 501

Crypto Mentat

Quote from: BillCoin on August 17, 2017, 12:54:10 PM

Quote from: pumz on August 17, 2017, 12:25:00 PM

Price have reached the bottom level already and with working set up Sia is looking good. I agree that need not to create hype with false promises and roadmap just to manipulate the market. It is always best in legit project like Sia to let the market evolve and grow naturally which is good in long run. It will rise soon if some people are worried about current price.

At 160 satoshis/siacoin I can't see it going any lower.

Seems like the recent bitcoin rise has been hitting all the crypto coins but from now on I just can not see it decreasing any more.

I mean what is the next level? Sia at 100 satoshis? which will make the total market cap to be less than 150M$ , Just can not see it happening, sorry.

The reference prices of the data storage are set in USD and other fiat currencies, so if Bitcoin continues its rally against US dollar, the exchange rate BTC/Sia will continue its downtrend

MrSunshine

sr. member

Activity: 1181

Merit: 259

Quote from: Hakkane on August 17, 2017, 12:13:58 PM

Quote from: aoluain on August 17, 2017, 09:41:55 AM

I think there needs to be more marketing of some kind involved
for SIA, I dont think people understand that you can HOST and
STORE files already with SIA.

and if you HOST you get rewarded!

In their recent tri-annual report they have already indicated they will do a bigger effort in marketing. The team had already a PR (Zack Herbert) and now they have hired a Community Rep (@Steve).

Also, all the marketing on earth is worthless if people do not check the sources and try to learn, instead of just reading the trading charts of coins. For what you mention, anybody spending 10 minutes in Sia's webpage (https://sia.tech/) will know immediately that the network is already working for storing files (it has been working for more than 2 years), and that hosts are rewarded for that. And if the spend 15 minutes more reading the wiki (https://siawiki.tech/) they will go from zero to hero Wink

Yea, also follow Sia on twitter at: https://twitter.com/SiaTechHQ as they put out a tweet or so a day.

They don't seem to market on this board for some reason.

Did you see from the tweet from yesterday:

From the triannual update: file contracts have doubled from about 100 TB to 200 TB in the last four months. https://blog.sia.tech/sia-may-august-2017-update-8929f21c56f7

BillCoin

sr. member

Activity: 476

Merit: 259

Quote from: pumz on August 17, 2017, 12:25:00 PM

Price have reached the bottom level already and with working set up Sia is looking good. I agree that need not to create hype with false promises and roadmap just to manipulate the market. It is always best in legit project like Sia to let the market evolve and grow naturally which is good in long run. It will rise soon if some people are worried about current price.

At 160 satoshis/siacoin I can't see it going any lower.

Seems like the recent bitcoin rise has been hitting all the crypto coins but from now on I just can not see it decreasing any more.

I mean what is the next level? Sia at 100 satoshis? which will make the total market cap to be less than 150M$ , Just can not see it happening, sorry.

pumz

sr. member

Activity: 826

Merit: 250

Price have reached the bottom level already and with working set up Sia is looking good. I agree that need not to create hype with false promises and roadmap just to manipulate the market. It is always best in legit project like Sia to let the market evolve and grow naturally which is good in long run. It will rise soon if some people are worried about current price.

Hakkane

sr. member

Activity: 422

Merit: 270

Quote from: aoluain on August 17, 2017, 09:41:55 AM

I think there needs to be more marketing of some kind involved
for SIA, I dont think people understand that you can HOST and
STORE files already with SIA.

and if you HOST you get rewarded!

In their recent tri-annual report they have already indicated they will do a bigger effort in marketing. The team had already a PR (Zack Herbert) and now they have hired a Community Rep (@Steve).

Also, all the marketing on earth is worthless if people do not check the sources and try to learn, instead of just reading the trading charts of coins. For what you mention, anybody spending 10 minutes in Sia's webpage (https://sia.tech/) will know immediately that the network is already working for storing files (it has been working for more than 2 years), and that hosts are rewarded for that. And if the spend 15 minutes more reading the wiki (https://siawiki.tech/) they will go from zero to hero Wink

aoluain

legendary

Activity: 2436

Merit: 1362

I think there needs to be more marketing of some kind involved
for SIA, I dont think people understand that you can HOST and
STORE files already with SIA.

and if you HOST you get rewarded!

Dr Charles

legendary

Activity: 1708

Merit: 1080

Quote from: egetrorx on August 17, 2017, 05:49:44 AM

is possible to use sia like cloud storage already?

yes....

egetrorx

full member

Activity: 700

Merit: 108

is possible to use sia like cloud storage already?

MrSunshine

sr. member

Activity: 1181

Merit: 259

Quote from: Iris Linus on August 17, 2017, 02:22:17 AM

I STILL hold a LOT of SIA but I am really LOSING my hope.

how about you friends?

I will sell it all today and put it in Decentraland ICO.

No, I am a long term investor, but if you are impatient and can't wait years, please sell. The sooner we get out the weak hands the better.
Taking over cloud storage is a long game.

elektibi75

sr. member

Activity: 326

Merit: 250

Quote from: dreamer81 on August 17, 2017, 01:59:58 AM

Why is developers not doing anything to stabilize the price? Did they abandon the project completely?
And how do I get myself a hold ofa SiaFund?

How exactly can developers help the price? The supply of Sia is huge, so there is no way several people can manipulate it. Moreover, developers work on the tech side of the project and I hope they continue to do so.

BillCoin

sr. member

Activity: 476

Merit: 259

Quote from: dreamer81 on August 17, 2017, 01:59:58 AM

Why is developers not doing anything to stabilize the price? Did they abandon the project completely?
And how do I get myself a hold ofa SiaFund?

Developers doesn't need to do anything to "stabilize the price" , the market decides it and it mainly dropping now because of the rise of the bitcoin, I guess that once the bitcoin stabilize itself alts will start getting back to their tops.

Anyway, I don't agree with you that the Sia team needs to release any message in order to make the price higher..

Iris Linus

member

Activity: 71

Merit: 10

I STILL hold a LOT of SIA but I am really LOSING my hope.

how about you friends?

I will sell it all today

dreamer81

sr. member

Activity: 616

Merit: 252

Why is developers not doing anything to stabilize the price? Did they abandon the project completely?
And how do I get myself a hold ofa SiaFund?

betaboot

newbie

Activity: 42

Merit: 0

Quote from: gondes21 on August 17, 2017, 01:38:03 AM

"Each time that you make a new contract, you have to put coins into the contract that can be taken away from you if you are a bad host."

What does "bad host" mean?

Thank you, a great project here! Grin

You can find a lot of information on the Wiki: https://siawiki.tech/
About hosts: https://siawiki.tech/host/hosting
About contracts: https://siawiki.tech/about/introduction_to_file_contracts

gondes21

full member

Activity: 124

Merit: 100

"Each time that you make a new contract, you have to put coins into the contract that can be taken away from you if you are a bad host."

What does "bad host" mean?

Thank you, a great project here! Grin

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