Topic: [ANN] Sia - Decentralized Storage - page 39. (Read 1382189 times)

From this moment on, noone will look for news. There are many fundamental reasons why all alt coins will rally. More importantly, sia has a solid product, great value proposition, utility based coin, extremely under-priced....easily 20-40-60 cents.

SIACOIN to da mooooooon @ 92 satoshi !! :-D weeeeeee


===>

https://poloniex.com/exchange#btc_sc

One of the most breaking achievements of Sia project is being traded on Poloniex exchange with fiat trading pair.
It is one of early signal on the recognition of crypto exchanges on the big intrinsic value of Siacoin.
I believe Sia can change the storage industry with their top-notch services.

That today very much and began to lower the price. And it's still possible a new update of the bottom. Although the course is clear and the desire of people who bought the coins they most want the top.

I ask myself why would it grow? What has fundamentally changed about this project that investors would pour more capital into this project? Seems to me its quite dead, but please prove me wrong

So the cloud is working just dandy for siatech? they are making money? or is still just based on hype?

I'd like to see some notice on how the cloud storage is going and competing against Amazon cloud...I hear zip...

also, bitmain just released a decred miner for 637 usd at 7.8th and 1410 watts that is shipping THIS WEEK

so the angle of their decred miners are deader than dead

again, IMHO, the only way siatech can make money is 1) if they get the cloud vision up and working and an option to amazon cloud as decentralized

and anonymous, as they state

2) fork to a COMPLETELY new coin for the network..the siatech folk always said siacoin price did not matter because it is speculation

than that new coin MAY get some value back...again, if they make the cloud vision work

how the cloud vision will work  with 10-15x the siacon in the world even with a working cloud solution at this point of time and their obelisk fork

is beyond me, I just don't see it

brad

(doorstop status on obelisk sc1's (5 of them, I was soooooo silly) from the date I got the 1st one is at : Day 26 as doorstops and counting

brad

Sia is a digital cloud storage space. It creates a decentralized online cloud storage for users, who can rent out their unused digital space for a certain fee, which is paid in the Siacoin cryptocurrency - the SC token.

As compared to other cloud storage services, Sia offers storage at a much cheaper rate.

Current, Siacoin price is $0.005 and Siacoin keeps on increasing in its price that can be viewed on the siacoin price chart.

Saw huge volume on Bittrex these couple of days with a price spike.
I guess the price spike was because that institutional investors were loading up.
Most cryptocurrencies are following the Bitcoin's trend so hopefully, SC will recover when the price of the Bitcoin goes up in the next bull run.

I can already see in most of crypto's charts double and triple bottoms.. I really think a new bull market already started

I hope Sia will start recovering well since today, too.
bottoms have been almost found, we have been somewhere around the year's bottoms.
Time to start bouncing back and recover gradually.

Finally I can see this new bottom from the chart, it's time for SC to recover old satoshi's price. I'm back in with my sc bag.

One need to wait: of course SIA has a good prospect.... At present some rough patches...
On the otherside many ERC 20 tokens intigue me, many of them claim to solve problems which we never thought exist in reality. One need to invest only the spare changes in crypto... A large investment might get stuck for long before bearing the fruit.

they plan to fork the coin, as you can see previous in the thread with the amount of siacoin mined via other ASIC's this last year and the

fact siatech has no real network up to use these coins with more coming as the obelisk (doorstops) have arrived and will add more hash to

the process...

the odds are slim to none you can ever ROI on these units, even with a fork to obelisk only ASIC use

I am on day 23 of my 1st obelisk (doorstop still in box) I got the other 4 on Wens 9/1918(I got 5 total that was the last of them) thus they

are on day 3 as doorstops status not worth pulling them out of the box at a $1 a day loss each after electric

I suppose I could use them as bookshelf supports or doorstops left in the box...other than that out 1.11 BTC after taxes I would have

paid on the mining of coin to pay for these after gross and the 25% 1 year all equip deduction of 2017.

So got something back on this, but still, 1.11 BTC would have been nice to stay in HODL mode, even at these prices

So in other words, someone now could GIVE YOU a siatech obelisk sc1 blake2b siacoin miner and/or an obelisk decred miner

and you would never ROI (I think a decred miner, available now would be $1 a day, by next month when they arrive IMHO,

they won't ROI either.

I have a FREE decred miner coming 2nd batch, I got for my 5 coupons 1/2 price back in the day. But even FREE when it arrives

I doubt it will be worth running vs electric loss vs price when it shows up in 4 to 6 weeks.

So feel free to follow this 'clusterf*ck' but keep far, far away as to not get sucked in.....it is likely to go noplace.

Siatech will move the machines out, take their 20 million in assets and close shop, again IMHO. They will have shipped

the doorstops so we can't say it is fraud, they will say market conditions changed (like BFL) and that will be that. Will

divvy up the 20 million to pay of debts and split the rest among the founders I'd imagine and walk. Letting the corporation

take the fall vs their personal wealth. Rinse/Wash/Repeat...how things are done in the USA these days.

Get the units out the door, doorstops, divvy up the assets and bankrupt the corporation to protect your private funds via

the corporation taking the fall. The sad state of affairs is, besides the fork, which I doubt would work, even with the best

of intentions, it took them a year to make the ASIC's and bitmain and others 3-4 months max...thus these units are 8 months

too late to matter

so it goes you win some you lose some

brad

Delete this post (was a duplicate post of the next post)

I was not around for a while at the Siacoin project. Is this coin still worth to follow? What are the next plans for this coin? Will there be some releases in the near future? Would be nice if someone can give me more informations.

Yeah, that's the rub...the other ASIC makers making 10x or more Siacoin than expected for the debut of their Obelisk ASIC's and

NO, as you say production-ready cloud storage setup ready yet by SiaTech. With the current ASIC's fork or not adding to the amount.

Without the network up, Siacion in my view will hold little value, their network cloud storage now makes or breaks it, IMHO.

this includes people who trade and speculate, no scarcity argument to hodl for the network too many siacoin, thus scarcity for value

is off the table, again IMHO.

Then again, a buddy said they have $20 Million in the bank, they are not in fraud mode they did deliver a doorstop...thus if it

all goes to hell, those as SiaTech will go, ah well, we gave it a shot and be sitting pretty anyway!

(rinse/wash/repeat Butterfly Labs/GAW Miners/KNC games/Bitmain games/etc etc)


brad

no

no pow?

Thanks a bunch for the merits Sir.
Proud to be a forum member now.

I was wandering the sia.tech's blog and their youtube channel, other than a weekly update, nothing really new.
The Sia Ledger Nano S app seems interesting, it is still a beta version, but I may give it a try, as I just got a Ledger Nano S as a gift.