Topic: [ANN] Sia - Decentralized Storage - page 99. (Read 1382198 times)

up or down it depends on what is the asking/selling price on the market, not on how many coins are in circulation

so, do not sell it for pennies, this is the story

we all can help, here is the Binance vote for SC ->>
if you don't have an account you can use my reff
https://www.binance.com/?ref=10276576

1 VOTE = 0,1 BNB (1$)
https://www.binance.com/vote.html

Vote SiaCoin

opening the registrations to Bitrex, and if we add this coin to 10 exchanges, we will still see growth.

OK...I'm with you so far, the question I have is WITH the amount of ASIC's coming into play for a currently existing GPU coin...and/or the price involved NOW...make any real difference in
price in the future...or as I assumed..it all comes down to the fact Siacoin has to deliver (and ASIC's with their role) as a method of decentralized network that is the mainstay in Sia-techs attempt to make a decentralized internet of things storage network....that is priced at 10c to Amazon's Cloud $1.00 price now/soon say this summer....thus non-centralized....and much cheaper to store data....fufilling a big need for cloud type storage at a much better value.

IF from what I can tell from what you say...is all that happens when the network goes from GPU to ASIC is that it would have little effect and the current price of the coin goes sideways say, or no or little effect but the 'spoils' of
say, and as such such now just shift to Asic's playing field..and GPU's are toast....but would putter along with ASIC'S in the same manner as GPU price/use wise..until the storage network
vision happens?

Anyway, how I see this, the coin has to have 'legs' from what I understand this is Sia-techs niche...they don't pull it off this summer the project will flame out..and ASIC's will be shut off ..if by that point they have upsurped the GPU's as the main network ...and it will all just dribble out to naught..price will be relected as such an this coin will be dust...



thus the bet, again IMHO

brad

Hello, I'm looking for an information how many Sia can I receive in month for 1TB disk space with uptime near 95% and 100mbit/bandwidth, maybe there is some kind of calculator?

There is something incorrect in your reasoning. The amount of hashing power generated by the mining network is totally unrelated to the Supply of coins. This is a common misunderstanding of PoW coins. If the amount of hashrate increases 100x because of a massive deployment of ASICs from Bitmain or whichever other manufacturer, the difficulty of mining will increase instantly 100x to compensate and keep the block time, the block reward and the Inflation stable.

When ASICs are released in a GPU-mined coin, or a new generation of ASICs is released in a coin that already uses ASICs, it doesn't mean more coins will be generated every minute. It just means that the same amount of coins that are usually mined will be redistributed to the new generation of ASICs, and old generations will become unprofitable (they get outcompeted).

So it doesn't matter how much hashrate is added to the network or which manufacturer comes in: the Supply and the Inflation are immutable and predictable. You can check which will be the evolution of both in the next years in these charts: https://www.siastats.info/supply_inflation

Douche much?

i came here to quote you in the end of Feb as Sia sinks

It's 1$ per vote
so all SC hodlers can do a vote, I think yes

Please @all

Vote SiaCoin


https://www.binance.com/vote.html

Binance  on the coveted currencies appeared. One of the voting items is SIA, which seems to me to be a very good building block for price and a larger HODLER base.

In this case, we need votes (0.1 BNB each):

https://www.binance.com/vote.html

I do agree with you that ASIC mining is useful to maintain network working fine. To work fine price should be low for a storage purchaser and high for a miner to mine it. Either way I think that SC will come back to 100-60 range if that 25 % inflation will be truth.

my point on 2) to your point above is the worth of siacoin will be determined by its use in the network storage solution as ASIC machines are used on that network...from what I understand...thus with that in place and before bitmain came out....sia-tech said they would have 25% inflation above 100% coin in existence PER MONTH..my point is the puppy
better work as a storage token...it won't work IMHO, as a speculative coin ...as it is now...with that kind of inflation.which is even MORE now with bitmain units..

anyway, correct me if I'm wrong...how I am viewing this product/protocol/storage vision

Bitcoin going up, we going down...man 2billions cap to reach ath its not too much but question is when this happen
In january people speculation was that siacoin will be reach 1$, It will be good it reach 0,30-0,50 cents..

Thanks Hakkane, I got the updated wallet downloaded, installed and running the synchronization to bring it up to date.
No need to download the entire blockchain again.


If you are looking at cheap coins, SIA is currently $0.027 so if you are looking for a long term investment in a real working
technology now is the time before the new mining equipment starts landing and is implemented.

do they gonna ad sia ad binance?

Yes Kucoin is good but in terms of comparison Binance far popular and have more investors than Kucoin. To me Binance will make this coin go faster than it is.

In general I admit did not expect such growth of the general from this coin for all history. Probably it is connected with the general growth of all cryptocurrencies. And differently I understand nothing. I regret that earlier when there was an opportunity to buy coins very cheap, I did not make it.

1 - The shipment date for the Batch 1 was stated on June (Batch 2 will be 6 weeks after that). Obelisk team has stated they are on track and no delays are expected at the moment. Apparently there is a probability that the distribution takes place even sooner, in May, but this can't be confirmed. By the end of this month or early March, apparently they will communicate the final specs of the hardware, and rumors say the hashrate will be higher than the promised 800GHs.

2- I am a bit confused about this question, sorry. In Sia, mining and hosting are unrelated activities. The storage network is provided by hosts that offer their hard drives, currently 4 PetaBytes available in the network. The miners just provide hashing power to secure the blockchain.

There are no plans for this.

+1 
very interested too