[ANN] Sia - Decentralized Storage - page 317.

frostminer

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Activity: 742

Merit: 505

Quote from: Goldshredder on July 13, 2016, 09:45:00 AM

Quote from: xurious on July 13, 2016, 08:51:43 AM

Pools enabled anyone who didn't have enough hashing power to find blocks in a reasonable amount of time, to finally start mining and adding their hashing power to the network. Before that it was futile. However "If you can find one block a day or every other day I feel that is sufficient enough to be on solo." wasn't feasible with a lot of people.

In testing we had people joining with 100-200GH at a crack. How do you think a person who had only 1GH was going to compare to operations of this size? Once the pool went live, we had someone connect with 600GH. The large operations were there either way, a pool simply exposes them.

The network hashrate roughly doubling in the past week would seem to belie your statement to some degree.

The increased sell pressure on the exchanges over the same period also seems evident.

I'm not saying it's bad. Most coins must go through this phase. Most coins have pools. It's just a shame it opens the project up to pro miners who exist only to suck as much value from a coin as possible and take it for themselves. With Sia being a fledgling market, and dual mining almost asking for Sia to be used for "bonus profit taking", it is temporarily retracing the price a bit. But it could turn around at any time, and I would be surprised if the price isn't looking quite a bit better in a month or three.

As mentioned earlier... claymores miner is a good thing. It spreads the coins over bigger number of users than the few miners taking ALL earlier.
Yes, it must suck to be one of those who got huge rewards(and dumps) to now share with many others.

Id rather see 100 small dumps than 1 big one.

Sia's slow diff adjustment opened it for abuse. The diff should gone up immediately and not let the big hashrates get huge rewards for overpower.

MinermanNC

legendary

Activity: 2198

Merit: 1000

Found this in Claymore software... not sure what to think Huh

https://www.microsoft.com/security/portal/threat/encyclopedia/entry.aspx?name=Trojan%3aWin32%2fSkeeyah.A!bit&threatid=2147695505&enterprise=0

ok, I am using software for dual mining Exp/Sia, (the newer release) but this makes me nervous... perhaps no worries..... its been removed now, but? just an FYI

Goldshredder

full member

Activity: 249

Merit: 100

Quote from: xurious on July 13, 2016, 08:51:43 AM

Pools enabled anyone who didn't have enough hashing power to find blocks in a reasonable amount of time, to finally start mining and adding their hashing power to the network. Before that it was futile. However "If you can find one block a day or every other day I feel that is sufficient enough to be on solo." wasn't feasible with a lot of people.

In testing we had people joining with 100-200GH at a crack. How do you think a person who had only 1GH was going to compare to operations of this size? Once the pool went live, we had someone connect with 600GH. The large operations were there either way, a pool simply exposes them.

The network hashrate roughly doubling in the past week would seem to belie your statement to some degree.

The increased sell pressure on the exchanges over the same period also seems evident.

I'm not saying it's bad. Most coins must go through this phase. Most coins have pools. It's just a shame it opens the project up to pro miners who exist only to suck as much value from a coin as possible and take it for themselves. With Sia being a fledgling market, and dual mining almost asking for Sia to be used for "bonus profit taking", it is temporarily retracing the price a bit. But it could turn around at any time, and I would be surprised if the price isn't looking quite a bit better in a month or three.

Arvydas77

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Activity: 1092

Merit: 504

★Bitvest.io★ Play Plinko or Invest!

It seems to me that only bots are sustaining Sia from the hit of the bottom. Sadly, I thought that Sia could do better on market but a few pumps and dumps are very bad things for this coin. It can really crash if BTC goes up strongly.

xurious

sr. member

Activity: 413

Merit: 250

Quote from: d57heinz on July 13, 2016, 08:26:32 AM

Quote from: AizenSou on July 13, 2016, 05:44:51 AM

Quote from: frostminer on July 12, 2016, 04:36:06 AM

You guys are getting this wrong ...

Claymore miner makes the SIAcoins spread to more users.
This is GOOD.

Its no "big mining farm" but a ton of users, yes, some have many rigs and much power.

But for the COIN, claymore is good.
The rise of difficulty is also good for THE COIN.

Yes, it must suck for u guys who basicly mined this coin "alone" on low diff and got huge rewards(also enables big dumps).
Now its spread among a ton of users with 1 - 50 gpus.

Ton of users? The biggest guy on pool has a few hundred GPUs. How could it be good for the coin when big farms practically get it for free (or very cheap since it's dualmining) ?
Sia and Decred will be a dumpfest and the only way for it is to go down if it continues like this. Look at Decred, it could never go up again. Sia made some nice growths but i doubt that it could continue like this.
Dualminer is a plague, IMHO.

What killed this coin was not dual miner. What killed this coin along with every other coin is pools! Most of these large farms won't run nodes and solo mine. Why is that. Well because these huge farms are the same people that run the pools. So not only are they greedy with the huge farms and try to hide their size with a pool. not to mention the fees used to grow their farms.. The idea of decentralization when all this hardware is in the wild along with unequal prices on resources leads all coins to one inevitable ending. If you can find one block a day or every other day I feel that is sufficient enough to be on solo. Sad to see this coin take such a beating because I think the concept is great although I can't seem to figure out the wallet and file sharing. Keeps telling me not enough hosts when I try to purchase space. And I have no clue what going price is. Keeping an eye on this

Best Regards
D57heinz

Pools enabled anyone who didn't have enough hashing power to find blocks in a reasonable amount of time, to finally start mining and adding their hashing power to the network. Before that it was futile. However "If you can find one block a day or every other day I feel that is sufficient enough to be on solo." wasn't feasible with a lot of people.

In testing we had people joining with 100-200GH at a crack. How do you think a person who had only 1GH was going to compare to operations of this size? Once the pool went live, we had someone connect with 600GH. The large operations were there either way, a pool simply exposes them.

File sharing is currently broken IIRC.

d57heinz

legendary

Activity: 1453

Merit: 1011

Bitcoin Talks Bullshit Walks

Quote from: AizenSou on July 13, 2016, 05:44:51 AM

Quote from: frostminer on July 12, 2016, 04:36:06 AM

You guys are getting this wrong ...

Claymore miner makes the SIAcoins spread to more users.
This is GOOD.

Its no "big mining farm" but a ton of users, yes, some have many rigs and much power.

But for the COIN, claymore is good.
The rise of difficulty is also good for THE COIN.

Yes, it must suck for u guys who basicly mined this coin "alone" on low diff and got huge rewards(also enables big dumps).
Now its spread among a ton of users with 1 - 50 gpus.

Ton of users? The biggest guy on pool has a few hundred GPUs. How could it be good for the coin when big farms practically get it for free (or very cheap since it's dualmining) ?
Sia and Decred will be a dumpfest and the only way for it is to go down if it continues like this. Look at Decred, it could never go up again. Sia made some nice growths but i doubt that it could continue like this.
Dualminer is a plague, IMHO.

What killed this coin was not dual miner. What killed this coin along with every other coin is pools! Most of these large farms won't run nodes and solo mine. Why is that. Well because these huge farms are the same people that run the pools. So not only are they greedy with the huge farms and try to hide their size with a pool. also charging fees used to grow their farms.. The idea of decentralization when all this hardware is in the wild along with unequal prices on resources leads all coins to one inevitable ending. If you can find one block a day or every other day I feel that is sufficient enough to be on solo. Sad to see this coin take such a beating because I think the concept is great although I can't seem to figure out the wallet and file sharing. Keeps telling me not enough hosts when I try to purchase space. And I have no clue what going price is. Keeping an eye on this

Best Regards
D57heinz

xurious

sr. member

Activity: 413

Merit: 250

Quote from: Bgjjj2016 on July 13, 2016, 04:35:48 AM

Quote from: bbc.reporter on July 13, 2016, 12:51:04 AM

Quote from: Fanpant on July 12, 2016, 04:27:10 AM

Quote from: bbc.reporter on July 11, 2016, 11:36:54 PM

Is the rise of Sia over? I think this was only a pumped because there was no huge good news after the price went up. Or maybe we still haven't seen the best part yet?

The SIA was mined previously mainly by users, now, it is mined by the professional miners. So there will be dumps.

So does it mean that SIA will be very much the same like bitcoin? Will the professional miners also become a cartel and have power over the SIA core developers and bypass the community? I hope it's not so.

Is there a limit to the number of Sia coins that will be mined or this is limitless ? Thank you !

No, it is limitless.

The block reward drops by 1 each block(Current reward is about 240,000.) Once block 270,000 hits, the reward won't drop below 30,000. So sia is slightly inflationary.

AizenSou

hero member

Activity: 938

Merit: 1000

Quote from: frostminer on July 12, 2016, 04:36:06 AM

You guys are getting this wrong ...

Claymore miner makes the SIAcoins spread to more users.
This is GOOD.

Its no "big mining farm" but a ton of users, yes, some have many rigs and much power.

But for the COIN, claymore is good.
The rise of difficulty is also good for THE COIN.

Yes, it must suck for u guys who basicly mined this coin "alone" on low diff and got huge rewards(also enables big dumps).
Now its spread among a ton of users with 1 - 50 gpus.

Ton of users? The biggest guy on pool has a few hundred GPUs. How could it be good for the coin when big farms practically get it for free (or very cheap since it's dualmining) ?
Sia and Decred will be a dumpfest and the only way for it is to go down if it continues like this. Look at Decred, it could never go up again. Sia made some nice growths but i doubt that it could continue like this.
Dualminer is a plague, IMHO.

Bgjjj2016

sr. member

Activity: 448

Merit: 250

Ben2016

Quote from: bbc.reporter on July 13, 2016, 12:51:04 AM

Quote from: Fanpant on July 12, 2016, 04:27:10 AM

Quote from: bbc.reporter on July 11, 2016, 11:36:54 PM

Is the rise of Sia over? I think this was only a pumped because there was no huge good news after the price went up. Or maybe we still haven't seen the best part yet?

The SIA was mined previously mainly by users, now, it is mined by the professional miners. So there will be dumps.

So does it mean that SIA will be very much the same like bitcoin? Will the professional miners also become a cartel and have power over the SIA core developers and bypass the community? I hope it's not so.

Is there a limit to the number of Sia coins that will be mined or this is limitless ? Thank you !

bbc.reporter

legendary

Activity: 3010

Merit: 1460

Quote from: Fanpant on July 12, 2016, 04:27:10 AM

Quote from: bbc.reporter on July 11, 2016, 11:36:54 PM

Is the rise of Sia over? I think this was only a pumped because there was no huge good news after the price went up. Or maybe we still haven't seen the best part yet?

The SIA was mined previously mainly by users, now, it is mined by the professional miners. So there will be dumps.

So does it mean that SIA will be very much the same like bitcoin? Will the professional miners also become a cartel and have power over the SIA core developers and bypass the community? I hope it's not so.

AceOfPentacles

full member

Activity: 123

Merit: 100

Quote from: madmartyk on July 12, 2016, 09:27:52 PM

Quote from: AceOfPentacles on July 12, 2016, 05:16:29 PM

After downloading the SIA dashboard, about how long does it take for your first deposit to hit your walllet?

You have to wait until the wallet syncs, mine took about 48 hours

Ok great. Does SIA offer a bootstrap download to make the process faster?

madmartyk

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Activity: 2702

Merit: 1030

Yes I am a pirate, 300 years too late!

Quote from: AceOfPentacles on July 12, 2016, 05:16:29 PM

After downloading the SIA dashboard, about how long does it take for your first deposit to hit your walllet?

You have to wait until the wallet syncs, mine took about 48 hours

xurious

sr. member

Activity: 413

Merit: 250

Quote from: IncludeBeer on July 12, 2016, 04:33:05 PM

What exchanges are trading SC? OP doesn't list such things...

Also, is there a place to view difficulty change over time? I see current difficulty in block explorer, but not past difficulty.

Exchanges listed on the right hand side: https://forum.sia.tech/

http://siamining.com/stats lists 1 weeks worth of Difficulty changes.

AceOfPentacles

full member

Activity: 123

Merit: 100

After downloading the SIA dashboard, about how long does it take for your first deposit to hit your walllet?

IncludeBeer

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Activity: 1164

Merit: 1010

What exchanges are trading SC? OP doesn't list such things...

Also, is there a place to view difficulty change over time? I see current difficulty in block explorer, but not past difficulty.

Arvydas77

hero member

Activity: 1092

Merit: 504

★Bitvest.io★ Play Plinko or Invest!

Storj now is going strong but of course it is not a reason for Sia drop. I thought about the price of 400 sat at the end of this year but now it seems to optimistic for me. Anyway, Sia project looks good and I trust developers.

pufuletz

member

Activity: 91

Merit: 10

Just watching from afar, thankfully. Looks like it has farther to fall. At what price is this likely to bottom out and be safe to go into?

Porsche911

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3rd Review on Invesd! Vote for Sia - updated Review!

https://twitter.com/ProjectInvesd/status/752134920592617472
invesd.org

Amph

legendary

Activity: 3248

Merit: 1070

it's true, in fact a coin will never die because of dumping, like many believe, a coin will always die because of low demand, low amount of buyers, that's it

this because dumping is fixed, tnx to the block reward/diff, instead demand is not fixed, demand is the important factor to determine the value

frostminer

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Activity: 742

Merit: 505

You guys are getting this wrong ...

Claymore miner makes the SIAcoins spread to more users.
This is GOOD.

Its no "big mining farm" but a ton of users, yes, some have many rigs and much power.

But for the COIN, claymore is good.
The rise of difficulty is also good for THE COIN.

Yes, it must suck for u guys who basicly mined this coin "alone" on low diff and got huge rewards(also enables big dumps).
Now its spread among a ton of users with 1 - 50 gpus.

Topic: [ANN] Sia - Decentralized Storage - page 317. (Read 1382191 times)