Topic: [ANN] Sia - Decentralized Storage - page 263. (Read 1382228 times)

than they can be mining now?

I see plenty upside for this project. Anything below 1000 sats still considered cheap.

Yes. All the coins from those 2000 not allocated in contracts return to you instantly. The rest used as collateral return too as soon as contracts expire


Actually, it already works that way: you make an allowance for a certain amount of storage and certain duration, let's say 200Gb for a total of 5 months, so you pay 600SC upfront. You start uploading files: first file is 2SC, second file 15SC... after a time you download the file#2: that is 0.1SC in bandwidth... You upload a new version of file#1: that 3SC...

By the end of the contract you receive back the rest of those 600SC in allowance you did not spend. The only difference here is that uploading and downloading is not automatic like Dropbox (not until a tool like SiaDrive comes): you have to select them in the Sia UI every time you need to upload or download those files

Thanks very much, that was a very helpful response.  I was wondering if instead of renting on a per file basis you could simply rent an amount of storage (1GB, 1TB, whatever) and use that freely.  I imagine that's what will be solved by the Dropbox type development you mentioned.

Much appreciated,
Cheers

But what happens with 2000 siacoin for making a host? Will they come back to me?

The 2000SC is the minimal collateral budget the UI asks you. If you want to offer a lot of space, you'll need more collateral, of course. When you host, you offer a collateral for every contract a renter forms with you. You choose how much, but if it is 2 or 3 times bigger than your price per Tb, you have more chances to be selected by the renter.

Once the contract is formed, that collateral stays locked. If during the time of the contract you keep a 97% uptime (trough periodical Proofs-of-Storage), you recover the collateral and receive the payment for hosting and bandwidth. If you fail, renter recovers his payment and the collateral is burnt.

Of course you can stop being a host at any moment, but the locked collateral will not be returned to you until the end of the contracts you previously had (and only if you keep the 97% uptime)

Earlier coinage was so cheap, I am now very sorry that I have not bought a lot of this coin. It grows.

Yes, but you must follow some rules, so SIA knows you are a good host. Hosts get rated based on uptime and other things as well.

Host activation price - 2000 siacoin.
Can i turn off the host? Do these 2000 sc come back?

Absolutely! Yes, you earn SC with that, it is called hosting (or "farming" in Sia jargon). Just download the last Sia client, wait until the blockchain is synchronized, go to the Hosting tab, choose your parameters (pricing, drives, collateral) and click on "Announce host". Just be sure to have some SC on your wallet to offer as a collateral (minimum 2000SC unless you use the command line instead of the UI)

Storing files have been enabled since Day 1. File sharing is what is yet to be implemented (probably by June)

Right now, Sia is better as a long-term storage, because if you modify a file, the whole file will need to be uploaded again instead of just the modified bytes. Perfect case-use scenario: backups storing. However, partial file upload is in the roadmap (I think they will release it by June too) what will enable that feature you mention: you modify a part of the file and only that parts are uploaded, saving bandwith and costs in SC for the renter. Moreover, an independent developer is preparing a tool called Sia Drive, a kind of Dropbox/Onedrive: You choose a folder and every time you save a new file or modify it is uploaded to Sia automatically.

Poloniex is experiencing several problems with Sia wallet these days. First check in explore.sia.tech the Tx ID the withdrawal is in the blockchain and then open a ticket in Poloniex

While your file is stored within a contract on sia, is the file still available for download and usage/editing by yourself?  In the same way I might email myself a document so I can continue working on them from home, or some people use Dropbox for this same purpose. 

I'm not sure how this could be possible (everytime you edit the file it would surely change the file and its size, thus making your contract invalid).  If it isn't possible then that would make sia more like a bank savings account for your files, where you can't touch them for a particular period of time but they are indeed kept safe. 

I obviously know nothing so any explanation is appreciated

Cheers,
Calum

Can you actively store files on Sia yet? If not, is their an eta for their initial cloud storage release?

Hi does anybody else have problem with depost? I've transfered coins from trex to polo and it has been 24h and coins are still pending on polo, waiting 0 of 9 confirmations? thx

Can I put my TB to the network? And will I earn Siacoin? If so how to do it?
thank you for your reply

Yes, renting is paid in SC. Right now, the average is 4,76USD/Tb/Month, according to http://siapulse.com/page/network It is a bit more overpriced than usual, as some hosts have not updated yet their pricing after recently pump in SC value. But it is still much cheaper than Amazon S3, for example (23USD/Tb/month)

Yes, I'm only finding outdated info on this.. :/

What is the average cost of renting one tb? Does it count in siacoin yes?

Pleas give some details so we can help you! When did you send your coins to your address?

- Are them from a very old wallet like version 0.3? Then go to the terminal and type "siac wallet load 033x "

- Recently, from Poloniex? There are experiencing huge problems with withdrawals. Open a ticket with them

Well poloniex has been having siacoin wallet problems, so this doesn't help.

if we knew that, we can all be Billionaries.

but good Q.