Topic: [ANN] Sia - Decentralized Storage - page 36. (Read 1382145 times)
I'm selling SiaFunds. PM me if interested.
On October 1, 2018, Nebulous announced their intention to fork the Sia network to invalidate all other ASICs except Obelisks by activating the alternate algorithm at the end of October 2018. See the Sia Network Forks page for more details on the decision.
On October 1, 2018, Nebulous announced their intention to fork the Sia network to invalidate all other ASICs except Obelisks by activating the alternate algorithm at the end of October 2018. See the Sia Network Forks page for more details on the decision.
That bit continent A3 mining machine useless, is not it unfair to all the miners?
That bit continent A3 mining machine useless, is not it unfair to all the miners?
Yes its true that SIA mine have tons of hash power after the fork and the forked coin might provide some value but it depends on developement in my opinion.
I honestly don't think Bitmain is capable of providing developement for SIA, unless they recruit some 3rd party developers.
Most likely it will have value at the beginning and then it will slowly dwindle down when people notice that the forked coin is going nowhere.
I honestly don't think Bitmain is capable of providing developement for SIA, unless they recruit some 3rd party developers.
Most likely it will have value at the beginning and then it will slowly dwindle down when people notice that the forked coin is going nowhere.
Exactly my thoughts, althogh SIA guys surprised me saying that they'll give their code to 3rd parties (making it free)
Anyone interested in buying some SiaFunds?
Yes its true that SIA mine have tons of hash power after the fork and the forked coin might provide some value but it depends on developement in my opinion.
I honestly don't think Bitmain is capable of providing developement for SIA, unless they recruit some 3rd party developers.
Most likely it will have value at the beginning and then it will slowly dwindle down when people notice that the forked coin is going nowhere.
I honestly don't think Bitmain is capable of providing developement for SIA, unless they recruit some 3rd party developers.
Most likely it will have value at the beginning and then it will slowly dwindle down when people notice that the forked coin is going nowhere.
Exactly, a new fork coin would be totally hilarious unless someone would build up the infrastructure to provide the same storage facility as SIA. People get so much lost into the crypto casino that they totally forget the reasons of the various coins to exist - at least they should remember that for the coins which actually have have a well defined reason to exist.
Well, million $ hardware that can't mine anything else is way better defined reason for existence than thousands of other coins has.
Are we going to have x2 coins with the fork ? If yes, will Binance give the forked coins?
I guess it is better to transfer the SC to your own wallet/SIA-UI.
As long as you own the private key, you should be able to extract any future forked coin.
Do not count on the exchanges.
Are we going to have x2 coins with the fork ? If yes, will Binance give the forked coins?
SIA my expected project, it's not that does not last forever, to replace the old comes something new and it's just Sia, with new proposals and innovations. The project is doomed to success so I will wait for the release of the coin for further investment. When does the coin sale start?
There is no coin sale start
This is not an ico
SC is listed already on major exchanges
Just google it
Don't bother with him, I think is just a predefined post where the author changes the name of the coin. Just look at his previous posts, all are the same in essence, all are awesome and all captured his attention.
SIA my expected project, it's not that does not last forever, to replace the old comes something new and it's just Sia, with new proposals and innovations. The project is doomed to success so I will wait for the release of the coin for further investment. When does the coin sale start?
There is no coin sale start
This is not an ico
SC is listed already on major exchanges
Just google it
SIA my expected project, it's not that does not last forever, to replace the old comes something new and it's just Sia, with new proposals and innovations. The project is doomed to success so I will wait for the release of the coin for further investment. When does the coin sale start?
There could be a new coin if a part of the community continues mining on the legacy (before the fork) chain. The fork is going to invalidate blocks mined by equipment that is currently holding ~45% of the hashrate, I don't see this mining equipment just going to trash and miners using it just accepting to throw away their now main-chain-useless miners, so in my opinion, there is a very high chance the legacy chain will be maintained hence giving birth to a new coin.
Keep in mind that, unlike , for example, Bitcoin Cash, Sia coin has very special purpose, and for
that purpose team that would make new coin would also have to build software for storage network, too
Otherwise they'd mine coin that noone actually needs
Exactly, a new fork coin would be totally hilarious unless someone would build up the infrastructure to provide the same storage facility as SIA. People get so much lost into the crypto casino that they totally forget the reasons of the various coins to exist - at least they should remember that for the coins which actually have have a well defined reason to exist.
There will be only one chain, not two
Sia will still be blake2b coin
https://blog.sia.tech/sia-fork-faqs-c6b3e0e73ce0
Although I am running a sync'ed Sia-UI wallet, most of my SC is in Bittrex.
I guess there will be a "Sic-Classic coin" post the fork, and in order to be able to get those coin, I think it is better to transfer the SC from
the exchange to the wallet, in case Bittrex does not support the legacy SC..
probably a good idea...others should note this..thou..it maybe a month or so after the Oct 31st fork, before anything like this may come to pass..
brad
There will be only one chain, not two
Sia will still be blake2b coin
https://blog.sia.tech/sia-fork-faqs-c6b3e0e73ce0
Although I am running a sync'ed Sia-UI wallet, most of my SC is in Bittrex.
I guess there will be a "Sic-Classic coin" post the fork, and in order to be able to get those coin, I think it is better to transfer the SC from
the exchange to the wallet, in case Bittrex does not support the legacy SC..
List of Sia mining pools with live stats & hashrate distribution
https://miningpoolstats.stream/siacoin
https://miningpoolstats.stream/siacoin
will be great if one of the devs will answer here to clear this question marks....
Devs can not provide an answer concerning the continuation of mining on the legacy chain ... Simply put, a chain lives as long as there are people mining (on) it. A chain lives means that there is a coin. So, either the non-obelsik miners stop mining and then the legacy chain will die, or they continue mining and it will live. Obelisk miners will mine on the hard forked chain (the new main chain). Given the fact that I don't think non-obelsik miners will be willing to throw away their equipment, it's highly probable they will continue mining on the legacy chain.
There will be only one chain, not two
Sia will still be blake2b coin
https://blog.sia.tech/sia-fork-faqs-c6b3e0e73ce0
yeah, but I'm still betting the other 4/5's of all blake2b miners which are NOT obelisk's will fork to a new coin. Likely just go with the old chain and call
themselves 'Siacoin Classic' would be my bet as the most likely. It is that or they are all Doorstops on Nov 1st, 2018. That won't happen.
brad
Siacoin classic is almost a certainty, people don't like losing money, and setting up a pointless coin isn't exactly frowned upon in the crypto world, the miners with obsolete hardware can either lose money or start a new coin with almost zero effort, all they need is a good meme, their community is already here. I say good luck, Doge 2.0
will be great if one of the devs will answer here to clear this question marks....
Devs can not provide an answer concerning the continuation of mining on the legacy chain ... Simply put, a chain lives as long as there are people mining (on) it. A chain lives means that there is a coin. So, either the non-obelsik miners stop mining and then the legacy chain will die, or they continue mining and it will live. Obelisk miners will mine on the hard forked chain (the new main chain). Given the fact that I don't think non-obelsik miners will be willing to throw away their equipment, it's highly probable they will continue mining on the legacy chain.
There will be only one chain, not two
Sia will still be blake2b coin
https://blog.sia.tech/sia-fork-faqs-c6b3e0e73ce0
yeah, but I'm still betting the other 4/5's of all blake2b miners which are NOT obelisk's will fork to a new coin. Likely just go with the old chain and call
themselves 'Siacoin Classic' would be my bet as the most likely. It is that or they are all Doorstops on Nov 1st, 2018. That won't happen.
brad
will be great if one of the devs will answer here to clear this question marks....
Devs can not provide an answer concerning the continuation of mining on the legacy chain ... Simply put, a chain lives as long as there are people mining (on) it. A chain lives means that there is a coin. So, either the non-obelsik miners stop mining and then the legacy chain will die, or they continue mining and it will live. Obelisk miners will mine on the hard forked chain (the new main chain). Given the fact that I don't think non-obelsik miners will be willing to throw away their equipment, it's highly probable they will continue mining on the legacy chain.
There will be only one chain, not two
Sia will still be blake2b coin
https://blog.sia.tech/sia-fork-faqs-c6b3e0e73ce0
will be great if one of the devs will answer here to clear this question marks....
Devs can not provide an answer concerning the continuation of mining on the legacy chain ... Simply put, a chain lives as long as there are people mining (on) it. A chain lives means that there is a coin. So, either the non-obelsik miners stop mining and then the legacy chain will die, or they continue mining and it will live. Obelisk miners will mine on the hard forked chain (the new main chain). Given the fact that I don't think non-obelsik miners will be willing to throw away their equipment, it's highly probable they will continue mining on the legacy chain.
Lmao, that's exactly what I was thinking bro. It' going to be interesting to watch as things unfold. Perhaps they'll rethink the algorithm switch and not hurt so many miners that invented their money just to mine Sia Coin and now are left with nothing. Or perhaps someone can create a worthwhile new Cryptocurrency on Blake2b algorithm, and then miners can switch to this new coin.
mimagneto
I would bet that we'll end up with two coins after the fork, but only one decentralised storage app that inherits the project name of SIA, all crypto history suggests the old asic miners will continue mining and traders and bots will have a new speculating coin to play with. After the komodo swap btcd literally had no functioning wallet , no devs, and no user community, but btcd traded on poloniex for over a year as a zombie coin. We should expect a sia zombie coin to do pretty well!
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