[ANN] Sia - Decentralized Storage - page 99.

big_daddy

hero member

Activity: 1680

Merit: 583

xUSD - The PRIVATE stable coin - Haven Protocol

Quote from: ?? on ??

Almost 24 000 000 new siacoin created in just 24H. So, you know now why the price it will go in just one direction? the down.

https://twitter.com/1BitcoinLover/status/966647235680374785

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

big_daddy

hero member

Activity: 1680

Merit: 583

xUSD - The PRIVATE stable coin - Haven Protocol

Quote from: shamman666 on February 22, 2018, 01:04:06 AM

Quote from: Searing on February 21, 2018, 08:24:58 PM

Quote from: Hakkane on February 21, 2018, 02:13:10 PM

Quote from: Searing on February 20, 2018, 06:53:19 PM

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

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

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

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

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

shamman666

newbie

Activity: 108

Merit: 0

Quote from: Searing on February 21, 2018, 08:24:58 PM

Quote from: Hakkane on February 21, 2018, 02:13:10 PM

Quote from: Searing on February 20, 2018, 06:53:19 PM

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

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

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

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

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: Hakkane on February 21, 2018, 02:13:10 PM

Quote from: Searing on February 20, 2018, 06:53:19 PM

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

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

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

MaryAngela_Fantocci

sr. member

Activity: 462

Merit: 252

Buy/Sell crypto at BestChange

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?

Hakkane

sr. member

Activity: 422

Merit: 270

Quote from: Searing on February 20, 2018, 06:53:19 PM

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

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

CryptoHypno

full member

Activity: 308

Merit: 101

Sometimes Your Coins Just Hypnotize Me!

Quote from: Racc00n on February 21, 2018, 09:50:22 AM

Quote from: BioMoh on January 24, 2018, 01:17:15 AM

by the end of jan 20000 miners will be added to sia blockchain
this means difficulty will go higher
price will go higher

lets take LTC + Dash as example
LTC before ASIC mining was 5 - 6 $
after difficulty bomb now 2500% ++
same for Dash
all that in less than a year
so sia started it this month with Bitmain
and i think Obelisk will speed up the shipping time
Baikal will follow
so lets say 2500% of $0.03 = 0.75$ and maybe 1$ by the next 6 months and incoming btc price
as sia in Q1 got impressive milestones i think it will go beyond that price

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

Douche much?

Racc00n

member

Activity: 183

Merit: 65

Quote from: BioMoh on January 24, 2018, 01:17:15 AM

by the end of jan 20000 miners will be added to sia blockchain
this means difficulty will go higher
price will go higher

lets take LTC + Dash as example
LTC before ASIC mining was 5 - 6 $
after difficulty bomb now 2500% ++
same for Dash
all that in less than a year
so sia started it this month with Bitmain
and i think Obelisk will speed up the shipping time
Baikal will follow
so lets say 2500% of $0.03 = 0.75$ and maybe 1$ by the next 6 months and incoming btc price
as sia in Q1 got impressive milestones i think it will go beyond that price

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

big_daddy

hero member

Activity: 1680

Merit: 583

xUSD - The PRIVATE stable coin - Haven Protocol

Quote from: bpas on February 21, 2018, 06:23:36 AM

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

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

bpas

newbie

Activity: 8

Merit: 0

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

icosscam

newbie

Activity: 73

Merit: 0

Quote from: Searing on February 20, 2018, 06:53:19 PM

Quote from: Hakkane on February 19, 2018, 12:16:21 PM

Quote from: Searing on February 19, 2018, 05:28:09 AM

I've not kept up...2 questions

What is the date for the obelisk SC-1 Siacoin equipment? Is it still July/August 2018...or earlier...or unknown?

How is the progress on the decentralized storage method that the ASIC's are needed for...is that also on track with any/or above timelines

catch is with siacoin both them 'ducks' need to be in a row and at the same time...neither can fly

later

brad

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.

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

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.

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: Hakkane on February 19, 2018, 12:16:21 PM

Quote from: Searing on February 19, 2018, 05:28:09 AM

I've not kept up...2 questions

What is the date for the obelisk SC-1 Siacoin equipment? Is it still July/August 2018...or earlier...or unknown?

How is the progress on the decentralized storage method that the ASIC's are needed for...is that also on track with any/or above timelines

catch is with siacoin both them 'ducks' need to be in a row and at the same time...neither can fly

later

brad

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.

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

RocketSpeed

newbie

Activity: 39

Merit: 0

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..

eyesopen

member

Activity: 112

Merit: 12

Quote from: Hakkane on February 13, 2018, 12:43:23 PM

Quote from: eyesopen on February 13, 2018, 07:48:50 AM

A question on the Wallet,
I want to upgrade to the latest wallet
so do I have to download the blockchain again or can i extract it from the outdated wallet and just update it?

No need to download the blockchain again unless you face an issue synchronizing. You can check intructions for upgrading here (very simple: essentially you close Sia and replace the old installation. Next startup can take a long time): https://siawiki.tech/client/updating_the_interface

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.

Quote from: Angel Di on February 19, 2018, 12:19:01 PM

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.

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.

Technor

member

Activity: 77

Merit: 105

EFFECT.AI▲Decentralized network for A.I

do they gonna ad sia ad binance?

DeKingCrypto

full member

Activity: 518

Merit: 124

Quote from: cr1pto on February 18, 2018, 04:50:07 PM

Quote from: RocketSpeed on February 17, 2018, 04:23:53 AM

Man... we really need binance.. look at verge.. nice growing up.

Or Kucoin.
I even prefer Kucoin over Binance, because they are quick at adding new coins

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.

Angel Di

sr. member

Activity: 588

Merit: 251

EVOS

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.

Hakkane

sr. member

Activity: 422

Merit: 270

Quote from: Searing on February 19, 2018, 05:28:09 AM

I've not kept up...2 questions

What is the date for the obelisk SC-1 Siacoin equipment? Is it still July/August 2018...or earlier...or unknown?

How is the progress on the decentralized storage method that the ASIC's are needed for...is that also on track with any/or above timelines

catch is with siacoin both them 'ducks' need to be in a row and at the same time...neither can fly

later

brad

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.

MrSunshine

sr. member

Activity: 1181

Merit: 259