Topic: [ANN] Sia - Decentralized Storage - page 40. (Read 1382189 times)

I really really liked your project. Already wanna buy your tokens. Thanks for the development.

sent you some merit and a PM...did not seem to do any good

you may have to research this more.

brad

edit: got his status fixed with some merit

I really look forward to the day when all the discussion around sia is based on the fantastic decentralised storage application, and the problems with mining and asics and bitmain etc are long past.

Has anyone considered using komodo's delayed PoW notary service with sia, would that work?

Thanks so much for asking.
I just realized that there is a new rule in place,  which requires at least 1 merit to be a Jr Member. All existing Jr Members who didn't meet the requirement were demoted.
The following is the post stating the new rule:
https://bitcointalksearch.org/topic/enhanced-newbie-restrictions-requirements-5030366

To be honest, I really do not believe that I am a "newbie" to Bitcoin or Blockchain technology and I never spam in this forum at all.

Simple answer is...its not production ready yet

I was wondering if there is so much online storage demand, why are people still not using crypto as a decentralized storage option. This would be the perfect thing for encrypted backup right. You still don't hear a lot about it really.

Did someone hack your previous account? If so the only way to get it back is if you had saved your BTC address on the profile and then send the devs

a msg via private msg to prove you own that BTC address...then they can give it back. (or at least that is how it worked years ago). A blank paper wallet

on the profile with access to the private key for such purposes works just fine also. Stuff it in a book, someplace, just in case or simply copy-paste the

info on the empty wallet somewhere you can get at also.

As to your current problem, if you were demoted to a newbie because of a hack, and did not do above, you are out of luck.

Let us know if you have been demoted for another reason I"m not aware of..if for no reason contact a Moderator and ask...

could be a bug I guess

brad

I have been investing in Siacoin for almost a year and mining SC since the beginning of this year.
I wish Siacoin all the best.
I support whatever it takes the Devs team and community to make the Sia project better.
BTW, I just sadly realized that my JR member has been demoted and I am a "newbie" member again...
Can anyone in this thread help me?  It would be greatly appreciated...

in BTC it was about 0.98 BTC each...so, by all means, you want one of these miners for BTC ...feel free to contact me via PM. The 1st batch price was $2,535.00 USD with shipping included as an aside...I"m pretty sure that is what I paid for 1st batch..miners

after my equip deduction off taxes owed last year of 25% and the amount of gross income at my 41% tax rate (with state and soc sec for the biz) I am down 34% or about

1.11 BTC I figure...so it is a 34% loss on USD I spent on these...hey I figured they could least make 34% of the value back on units..oops)

(by the by...do you know something I don't?)

brad

Again, show me one crypto project that has working economy model...even ETH is barely profitable for miners right now.

If forked, your Obelisks will compete with about 7000 others and based on todays prices, earn $15 per day per unit, minus electricity

If you don't want this mining righ, i give you the same amount you spent in btc and i will be happy i don't know when you join the train... but i remember that mining in 2013 was not profitable

hey I'd like to be wrong, but simply having a lot of coins (siacoin) fork or not without the scarcity and the decentralized 10c on the $1 vs Amazon Cloud (siacoin's anonymous cloud mining in place)

where is the value come from? just having a LOT of previous GPU mined Siacoin on the hope of the pump if/when they get the supposed sia tech network up...is just that a lot of coin with no use, and you toss the amount of siacoin in the world before the obelisks were shipped (10x or more) with the scarcity angle taken away (GPU miners and if anything siacoin is not scarce now nor will it be when the fork happens)

where is the 'value' of the coin coming from? IMHO, unless they get their project network up to compensate for this massive amount of siacoin out there pre-fork and the ASIC's post fork ... it may be 'valueless'

just saying, again I have 5 of these doorstops..hope I'm wrong as hell, but not seeing it, let me know with facts how this works, if I'm wrong

would like some clarity on this...but just hoping the 'fork' is gonna fix this mess is naive, IMHO.

again, prove my doubts wrong, I'd welcome that! But again just the 'scarcity' argument does not cut it....siacoin has to 'do' something

besides being held as scarce or for a network project by siatech that is behind and not up to speed in any way from their claims

their network vison is key, so where it the hype? where is the product to compete against Amazon cloud in a decentralized and anonymous way at 10c to the $1 for Amazon Clouds centralized and not anonymous network giant?

they both have to come into play, and I just don't see this happening in any legit manner

brad

My bad, you're right. In my defense, I'm not mining SIA myself, so just assumed its permanent
number of coins per block (unless changed by fork) like most of mineable coins on the market.

Details here:

https://forum.sia.tech/topic/161/about-siacoins-calculation-and-supply

But that makes Brad even more wrong, as theres actually deflation over time involved

I thought the block reward decreased by 1 until the block reward reaches 30,000 SC.
At the moment of writing this post, the block reward is 127,451 SC.
I recalled at the beginning of this year, it was 150K+ at that time.

Mining will not be profitable even in for large players until they are from country side of USA or Canada. For people in rest Europe the mining will be a lose lose scenario.

As soon as the team announced the ASIC miners were developed I knew this sort of crap was going to happen. People need to accept that ASIC mining your going to almost always lose ROI if your not setting up a large scale mining  operation you should just forget about it and put that money into buying alt coins on the dips instead of trying to make profit mining, leave the ASIC mining to the big players because they have proven over and over with various ASIC mined blockchains that they are going to out perform you.

[Insert inciteful black swan, antifragile comment]

SIA has a good team, good tech, à working product, and some big problems,  let's hope they work things out and the storage app goes viral!

Same number of SC is mined daily since inception...and its the same for any other mined coin...not many have working product yet,
and yes, welcome to the capitalism, where we bet with our money on future marker winners

Yes, and this is the per day number. Everyday 20M+ SCs will be mined by the Obelisk miners.
when people mined so many SC every day and the goal is to ROI asap,
I would imagine everyone will sell and the price of SC would go down like crazy.
Maybe dropping to single digit satoshi per SC

But at 10x or more the amount of Siacoin in the world than Sia-Tech imagined, thinking originally they would hold a monopoly now

on mining. How does 10x the amount of siacoin and the ASIC's mining them like hell as well, affect price? In that the 'value' of siacoin

speculation wise, from what I understand was always 'scarcity' and according to the devs, not price, but as a way to keep security

and keep score for their yet to be fully implemented anonymous decentralized cloud storage network at 10c to Amazon Cloud $1 in pricing.

So, if the value of siacoin is dependent on the above, and its use, and you have 10x more siacoin in the world then expected and

your cloud storage solution is still not up to snuff...where does the $$$ come from for mining more Siacoin?

Scarcity is no longer a determinate in price (GPU mining), speculation on the price of the coin should? IMHO, take a big hit because of that

and the fact, the 'supposed' sia-tech cloud storage solution is not in existence yet...

so, you have a lot of Siacoin with little purpose but the HOPE they get the decentralized network up and working and 'eventually' it

will have value. Not saying I'm right, but if not that, where does the value come into this? The hope Sia-Tech will pull it off?

Seems to me most Siacoin hodl'ers have enough to wait something like this out. Thus again, IMHO, the ASIC's will simply add more

coin to a price that (if I'm right on above, big if) siacoin is now will dump big time. At least until the 'supposed' cloud storage network

is up to snuff.

Anyhow, beat me up, but seems to me a lot of 'coin' (horse) before the 'cart" (cloud storage solution) ..so value under these circumstances

on a forked siacoin eludes me. NOW if they forked to an entirely NEW coin, and start from where they originally planned (obelisks would

be the backbone) I maybe could get it. Now not so much.

Not a slam. If I am incorrect I need 'enlightenment' on this...feel free...

brad