Topic: [ANN] Sia - Decentralized Storage - page 347. (Read 1382191 times)

hey are sia notes still relevant/ a thing and how much has been taken per note if theyre still existing?

MAID does decentralized internet, sia just does storage as far as I can tell.

Shared a simple article about Sia,Storj,Maidsafe and IPFS.
http://blockchain.hk/sia-storj-maidsafe/

ya sounds like it is coming along nicely, thanks for the user update 

I think it is fair to say that, in its current form, Sia is not ready for real-world use. First off, there are synchronization issues, excessive RAM usage and very limited scaleability.

Synchronization issues have largely been fixed in the 0.5.2 release candidate that came out today. The other problems are being worked on too.

What you describe is, therefore, the expected performance of Sia. There are no real surprises here.

I in no way intend to say your report is misleading. I think it represents a valid snapshot of how Sia is performing right now. But, Sia is in beta, its a work-in-progress with many known issues and both demand and supply is restrained because of these known issues. So, just as you cannot judge the soup before it has been cooked, wait for your judgement of Sia until the product is ready for real-world use.

What you mention about the cost of storage on Sia is a consequence of all this. What you have is a protocol that does not quite scale, and a reference implementation that is slow and heavy on system resources. As a consequence, not many are uploading content to the Sia network right now. In fact, the developers have asked users to refrain from uploading large amounts of content.

So, with low demand comes of course low supply (of storage). Some of the remaining storage providers are very cheap, others expensive. Most importantly, the low numbers of storage providers increase the amount of redundancy you need to guarantee that files are retrievable. Currently, that redundancy sits at x6, meaning each file you uploaded is duplicated 6 times over! Also, there is not much of a choice available when it comes to selecting which hosts you upload to, as each file has to be split among ~20 hosts. When the number of hosts climb above 100, redundancy can be decreased to x1.5. With an increasing number of hosts then, storage supply will grow, competition among hosts stiffen and prices therefore drop.

Sia usage report #2.

Some time ago I tried out Sia UI, just uploaded/downloaded few mp3 files.

Now I wanted to see if I can use it for something practical: backup. So I used it to upload 3 files 28 GB total.

This time I used command-line interface as I run it on a server. I liked command-line more than GUI.

Upload speed: I don't have exact number but it took many hours to upload, perhaps 24 h total. I expected it to be faster as I'm using fairly powerful dedicated server with fast internet connection. But OK, it could be worse, recently I was a customer of an online backup provider which was MUCH slower than that.

Cost: I loaded wallet with ~60K SC, and right now it's empty. Thus at current price it cost me 60000 * 0.00000024 = 0.0144 BTC, or $6. As I understand, that's for ~1 month. In comparison Amazon S3 standard costs $0.03 per month-gb, thus 28 GB would have costed me $0.84 per month. So I'm quite disappointed, it looks like Sia is 6x more expensive than S3 standard, and 17 times more expensive than "Infrequent Access" option.

User interface: I'm quite disappointed with a lack of control over costs and redundancy, as well as a lack of status visibility. E.g. I'd like to know what degree of redundancy it has, what contracts are already paid for etc.

Stability: siad crashed twice during within 1-2 week time frame. Not cool. (I'm using this server for many years so it's unlikely to be a hardware issue.) I don't have any detailed crash report, some messages are in logs but nothing special around a time of crash. I'll try to get a better log.

Resource usage: I think siad memory usage went up to 3 GB during initial sync & upload, that's rather excessive. CPU usage is also quite high at times (e.g. during upload).

So, overall, I'm not going to actually use Sia for backups this time as it's more expensive than cloud storage providers. But it definitely looks promising.

Following for interest. Looks like a promising project.

You can find all of the current hosts prices at http://siapul.se/page/network however lower priced hosts are more likely to be chosen and I think any host priced at or above 500 is ignored

Sorry for the dumb question, but how many Siacoin would someone earn by hosting?
Per GB or TB would be good to know.

I read that you need to have 95% uptime etc, but I can't find any number for returns.

Uh... That happened already. Version 0.5.0 released a day after the post you quoted and a day later Version 0.5.1 was released.

https://github.com/NebulousLabs/Sia/releases/tag/v0.5.0-beta
https://github.com/NebulousLabs/Sia/releases/tag/v0.5.1-beta

thanks, I'm waiting for this, I have an old client also

As of today I have acquired a stake in Sia, and may be covering it further in the following topic: 

https://bitcointalksearch.org/topic/americanpegasus-initiates-coverage-on-sia-siacoin-speculation-topic-1393560 
 
Thank you to the devs for working so hard on a quality product.

As an investment Sia looks promising to say the least.

I think it's pretty clear from the chart on Poloniex that there is a lot of accumulation going on and a very well executed pattern forming.
The curve upward towards the next rise has begun it seems.

- One of the top three current up and coming projects in it's field
- Recent mentions from top developers on the value of it's system
- Well respected and trusted team
- Interest from VCs
- 1 million dollar market cap leaves room for gains

There is no reason Sia cannot be in the league of the 10+ million dollar market cap coins.
Keep up the good work!

Apparently inspired by the name of an Egyptian god. According to Wikipedia, Sia (the god) was created from the blood spilled as Atum (another Egyptian deity) cut his own penis.

There have been some arguments about Sia's correct pronunciation. Most people seem to pronounce like "See-a", hence jokes like "See ya" on the forum while the developers insist it should be pronounced "Say-a" like in Japanese "sayōnara" ("goodbye").

So, yeah, funny I can agree with. Catchy too.

http://forum.sia.tech/topic/106/what-is-sia/1

funny name SIA

https://twitter.com/petertoddbtc/status/706217711999713280


^.^

Soon more about Siacoin on INVESD.

https://invesd.org/the-next-big-trend-after-airbnb-and-uber/

Hope you guys like it Have fun

Nice, thanks.

There's actually 42 TB available at the moment and 16TB being used for contracts.

I would check this out... it has a ton of graphs and useful info

http://siapulse.com/page/main

though I don't think there's a graph for storage growth over time.