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Topic: [ANN] Sia - Decentralized Storage - page 303. (Read 1382191 times)

legendary
Activity: 1470
Merit: 1004
September 15, 2016, 05:39:07 PM
Why buy siacoin? Isnt siafund much more interesting?

Yes, could someone explain - in noob terms - what the difference is.

Sia is used to pay for storage. SiaFunds are like dividend stocks in Sia, whereas every time someone spends Sia for storage, a percentage of that transaction goes to SiaFund holders (3.9% to be exact) So if there are eventually millions of transactions on the network, Sia holders will collect a significant amount of Sia. Nebulus (the company that develops Sia) is the largest holder of SiaFunds and it's their main method to make money from the Sia ecosystem
I haven't heard how this sia ecosystem works before, thanks for clearing doubt about sia and siafunds. So basically comapany only earn for the real uses of coin rather than selling all their sia holding, which sound better than dev coming and dumping their coins in market for some money.

Yeah, unless they are mining they aren't earning any Sia at the moment, there wasn't a premine or anything.
newbie
Activity: 33
Merit: 0
September 15, 2016, 03:18:46 PM
Ok the wallet is really unstable here. Apparently I am stupid enough to not notice it until a month later. I transferred a total of 256K SC separately to my wallet because I become really paranoid when it comes to transferring fund. The wallet then decided to deduct the highest amount from my wallet for no reason at all. (see pic)
http://imgur.com/CkUSRUr
Now my wallet only has 131K left. Fine, it is more than a month ago, who knows what might happened, I will let it go. But then another problem. Not sure if it a bug or the dev is aware of it. Apparently the addresses don't sync with the wallet. Here is a heck long story please bear with me. I decided to try to host the storage just for the fun of it. I have spare VPS laying around so I thought maybe to host it there so I don't have to have my computer on all the time. Since it needs initial fund to start the host so I decided to reuse the same wallet instead of create another one on the VPS. Ultimately the VPS becomes my primary use of SC. I created multiple addresses there to transfer fund in and out including the fund I mined with 10 GPUs for about a month. Fast forward to this month. I decided again to move the SC back to my main machine for no apparent reason. After getting Sia back on my main machine I found out that the wallet file I backup prior the VPS doesn't sync with the latest transaction and history I had on the VPS even though they are the same wallet. I still got some of my fund left, but those are the funds before the VPS and the wallet addresses are way less than I had. I had almost 2 pages of addresses on my VPS but this only got a little bit less than 1 page. Of course, I am actually stupid enough to cancel the VPS before trying things out first. So, now, there is no way for me to recover the wallet file on the VPS since it is practically deleted and I have more than 400K SC on it. Btw, that is also when I notice the deduction from the polo transaction. Of course, I won't bring it here without testing it. I have another earlier version of the wallet file laying around. I tested that and proved my point. Exact same wallet but less than 100K SC on it with much less wallet addresses attach to it, just half a page. So, I am looking at the same wallet file with 3 different versions, 1 with less than 100K SC, 1 with 131K SC, and another one with more than 400K SC that I lost. I really appreciate if anyone could help here but I don't really looking forward for it. Maybe this would teach someone a lesson here  Cry

Please note that I am not dumb, I didn't replace anything with anything. I have only 1 wallet file all along so there is no way I could have replaced that. Besides, I got it encrypted and stored it in my cold storage. I figure this is more or less my mistake for not making sure things so I am not blaming anyone but myself (except for the first part where the 126422.1724 SC got deducted for no reason)
legendary
Activity: 1120
Merit: 1008
CryptoTalk.Org - Get Paid for every Post!
September 14, 2016, 11:58:29 AM
Why buy siacoin? Isnt siafund much more interesting?

Yes, could someone explain - in noob terms - what the difference is.

Sia is used to pay for storage. SiaFunds are like dividend stocks in Sia, whereas every time someone spends Sia for storage, a percentage of that transaction goes to SiaFund holders (3.9% to be exact) So if there are eventually millions of transactions on the network, Sia holders will collect a significant amount of Sia. Nebulus (the company that develops Sia) is the largest holder of SiaFunds and it's their main method to make money from the Sia ecosystem
I haven't heard how this sia ecosystem works before, thanks for clearing doubt about sia and siafunds. So basically comapany only earn for the real uses of coin rather than selling all their sia holding, which sound better than dev coming and dumping their coins in market for some money.
legendary
Activity: 1470
Merit: 1004
September 14, 2016, 11:35:40 AM
Why buy siacoin? Isnt siafund much more interesting?

Yes, could someone explain - in noob terms - what the difference is.

Sia is used to pay for storage. SiaFunds are like dividend stocks in Sia, whereas every time someone spends Sia for storage, a percentage of that transaction goes to SiaFund holders (3.9% to be exact) So if there are eventually millions of transactions on the network, Sia holders will collect a significant amount of Sia. Nebulus (the company that develops Sia) is the largest holder of SiaFunds and it's their main method to make money from the Sia ecosystem
member
Activity: 91
Merit: 10
September 14, 2016, 08:40:40 AM
Why buy siacoin? Isnt siafund much more interesting?

Yes, could someone explain - in noob terms - what the difference is.
sr. member
Activity: 321
Merit: 252
September 13, 2016, 03:39:45 PM
Why buy siacoin? Isnt siafund much more interesting?
sr. member
Activity: 476
Merit: 250
September 13, 2016, 02:34:25 PM
Want to buy more Sia in 70 range Wink
member
Activity: 91
Merit: 10
September 13, 2016, 01:06:21 PM
zzzzzz....
legendary
Activity: 1120
Merit: 1008
CryptoTalk.Org - Get Paid for every Post!
September 10, 2016, 11:32:10 AM
Grabbed few cheap SC from polo, we may again see that nice 120 price again just like few days ago.
hero member
Activity: 518
Merit: 500
September 10, 2016, 11:27:35 AM
I am trying added my spade hdd but have wrong:
hero member
Activity: 1246
Merit: 708
September 10, 2016, 05:03:17 AM
Cheap coin = cheap storage = sia growth = price up
hero member
Activity: 546
Merit: 500
September 09, 2016, 07:55:03 PM


  Is there a online website that shows all the contracts and host ?


Yeah it would be nice to have a market included in the UI, were we could see at least the offers

yes it would be great Smiley
member
Activity: 91
Merit: 10
September 09, 2016, 01:44:01 PM


I've learned that when guys like this show up....


Any plans you guys are implementing a stratum compatible mining rpc ?

I'd like to add a pool. Octane uses the same algo, got a pool for that already.



...miner dumps aren't far behind and it's time to bail.

Thanks for the compliment, the pool (https://sia.suprnova.cc) is up since quite a long time now and the price is only going up Smiley



Didn't the price peak around the time you posted that June 26 message? I think it was your first message in this thread.
legendary
Activity: 2688
Merit: 1240
September 09, 2016, 01:12:29 PM


I've learned that when guys like this show up....


Any plans you guys are implementing a stratum compatible mining rpc ?

I'd like to add a pool. Octane uses the same algo, got a pool for that already.



...miner dumps aren't far behind and it's time to bail.

Thanks for the compliment, the pool (https://sia.suprnova.cc) is up since quite a long time now and the price is only going up Smiley
member
Activity: 91
Merit: 10
September 09, 2016, 12:48:20 PM


I've learned that when guys like this show up....


Any plans you guys are implementing a stratum compatible mining rpc ?

I'd like to add a pool. Octane uses the same algo, got a pool for that already.



...miner dumps aren't far behind and it's time to bail.
hero member
Activity: 2128
Merit: 520
September 09, 2016, 12:33:32 PM
the project like this needs more exposure price is really moving good just needed some solid support just hold and keep the price jump up don't dump so more and more investors will come back and support the project.
newbie
Activity: 13
Merit: 0
September 09, 2016, 12:29:01 PM
Wow sia got funded? nice work!

yeah but the mining is killing it, maybe the dev can change the algorith so it can be not user friendly for dual mining, dual mining is really a plague it kill every coin on where it pose
+1. This coin is need the unique algo.
member
Activity: 91
Merit: 10
September 09, 2016, 12:25:18 PM
Wow sia got funded? nice work!

yeah but the mining is killing it, maybe the dev can change the algorith so it can be not user friendly for dual mining, dual mining is really a plague it kill every coin on where it pose

Seriously - coin was solid before. It stood out as a quality asset. Now it looks like every other random pump-and-dump coin.
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
September 09, 2016, 12:12:06 PM
Wow sia got funded? nice work!

yeah but the mining is killing it, maybe the dev can change the algorith so it can be not user friendly for dual mining, dual mining is really a plague it kill every coin on where it pose
newbie
Activity: 49
Merit: 0
September 09, 2016, 12:09:10 PM
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