Topic: [ANN][POW][AIRDROP] SiaPrime - Decentralized Storage - page 4. (Read 24115 times)

I’ve been following this project since Sia forked and have been mining it - first with 2 A3s and then with a Dragonmint B52 using siamining.com. It’s the only Sia fork that is approved by Nebulous. Over time, I think this project will be incredibly successful, innovative and profitable. The community is very knowledable and the mining channel in their Discord has helped me optimize my miners. If you’re looking for a project with great devs and a great community, make sure to follow this one!

Something Blake is good, there are few solid coins with that Something! SiaPrime will only be taking advantage of a beautiful job done by the Sia team and will try to lead some storage services? But what about the Siacoin team? Are they planning to have guidelines in the same segments as the SiaPrime team? Is there even some SCP burning?

This news will boost demand and demand for SCP, since they will be joining a promising DEX.

This has been a great fork from SIA embracing and listening to the community for a truly decentralized storage project. Furthermore,  keeping the original Blake(2b) algo allows all miners to be truly decentralized.

Kenneth Scott Bell has been leading this project, planning before and now excelling way after the fork with SCP reaching new heights. SCP team comprises a group of very skilled professionals with 75+ years experience among themselves. The upcoming listing to crypto bridge allows SCP to be taken to the masses and provides the well-deserved exposure SCP deserves and to showcase the underlying technology.

I would highly encourage storage hosting for SCP.  Currently, there is a very generous hosting incentive that you can receive to cover hosting expenses. It targets to reward commitment, availability and performance of the hosters. Check out the ann on discord for further information.

Personally, I have been with this coin since the beginning and I see a very bright future for the service and products of this project with a highly efficient and dedicated team. Keep up the awesome work and make SCP the king of cloud storage!

I wondered what to do with my S11s & B52s, thankfully a solid group of entrepreneurs are improving upon the original vision of decentralized storage and the ability for businesses to transition smoothly. My miners are on SCP woot!  BTC

SiaPrime will be listed on the cryptobridge exchange end of this month 

https://twitter.com/prime_sia/status/1084829259586199556

Exciting news! Solid vision, impressed by the strong start. Let's keep the ball rolling 

SiaPrime is pleased to announce listing on our first exchange. The Bisq Network is a truly decentralized exchange with a unique system of handling disputes while allowing for multiple funding mechanisms. The SiaPrime project vision is to create complimentary 2nd layer product applications on the Sia protocol. Now, you can use Bisq to acquire SiaPrimeCoin for purchasing storage on the network.

One of the key features of Sia-protocol based networks is storage nodes (called Hosts) lock up significant amounts of coins in Collateral to ensure they fulfill their smart contract requirements in hosting your data. This velocity sink is unique to our project and will ultimately make exchanges like Bisq critical in providing SMB and Enterprise customers access to decentralized cloud storage. While the network is live and active today, we expect to build out a more sophisticated product suite providing storage sales in fiat denominations with coin trading occurring automatically via API and exchanges like Bisq will play a key role in that process.

Number 12 when sorting by hashrate out of 491 and we're not even on an exchange yet. https://miningpoolstats.stream/ If you have a Blake2b based ASIC, SiaPrime is the coin to mine. Innosilicon S11, StrongU STU-U2 and Bitmain A3 all produce good daily coin yields with the blockchain just over 60 days old.

Join our Discord and enter in the Host and/or Rent category to win 10,000SCP each day thru the end of the year. Winner names are drawn randomly each day with the winner then removed from that category. Help support the SiaPrime network by hosting storage or backing up your files to the SiaPrime network today and put some holiday Hostmas cheer into your datastream.

Get details and view the current winners

A SiaPrime fork will occur at block 7200 (Wed night) for SiaPrimeFund distribution / new supply schedule. Version 1.3.5.2 is now available on the website for download. Users are encouraged to upgrade before the fork for the smoothest experience. If you do not see the new version on the website, please do a hard refresh on your browser to clear the cache.

It's posted 3 replies right above this, https://explore.siaprimestats.com.

Hey, Is there a Sia Prime block explorer?

thanks for the continued updates!

Looking forward to seeing this community grow.

I currently run and support the community explorer https://explore.siaprimestats.com as well as the base pool of that url.

If you have any suggestions, feedback, concerns or need some support please feel free to reach out.

Upcoming maintenance fork - SiaPrimeFund distribution, long term supply change and token burn

The SiaPrime team is preparing a fork in order to correctly distribute the SiaPrimeFunds to holders of SiaFunds as of block 179000 on the Sia blockchain. SiaPrimeFunds are a mechanism built into the Sia protocol to provide a small fee on storage transactions for ongoing development of the protocol. Most of these are held directly by Nebulous Inc, the developer of the Sia protocol. At the SiaPrime blockchain start, these tokens were distributed based on the original Sia distribution and we need to correctly account for funds that have been bought/sold since then. SiaPrime owns no SPF tokens, nor makes any offer to sell such tokens.

At the same time, we will alter token economics slightly to compare favorably with the Sia project in later years by changing the block reward floor from 50,000 to 10,000. The block reward decays by 1SCP every block and will reach 10,000 at block 290,000 (sometime in 2024). This will drop long term total supply from ~68b to ~57b tokens.

We are also limiting supply by adding a token burn. There is currently a 10% developer fee from the block reward in perpetuity. The change will redirect this 10% starting at block 105,000 toward the collateral burn address, resulting in a regular and significant reduction in supply. The project fee is currently scheduled to pay contributing developers. By year 3, we expect product sales to replace this funding mechanism. These changes will be implemented within the next week with a maintenance fork. See OP for full project specifications

Yeah, sorry. typo. as stated in the OP, 1SCP for every 5SC. The airdrop is completed so you should see all the tokens in your wallet now

Can you please clarify again.
I get 1SCP = 1SC or 1SCP = 5SC

Many Thanks

Airdrop wrap-up - We distributed a total of 2,958,894,989.82 SCP to holders of SC as of Sia block 179000. We have escrowed 4,662,666,828 into cold wallets, tokens we determined were held by exchange addresses. These will be frozen for a period of one year from tomorrow and the addresses will be made public shortly for everyone to monitor. Over the next few months, we'll reach out to the exchanges about listing and distributing the assets, but my guess is the largest (Bittrex/Binance) will likely not distribute these. Internally, we are discussing a regularly scheduled token burn to bring total supply down and directly inline with the Sia project. For at least the next 2 years, SCP circulating supply will be significantly lower than Sia supply and should bode well for token valuation once we hit the exchanges.

The SiaPrime airdrop is occurring as we speak! If you held Siacoins (SC) at block 179000 in a private wallet, you qualify for 1SCP for each 5 SC you held. With over 650k positive addresses in the Sia blockchain, the airdrop process should take ~10 hours to complete.

To retrieve your tokens, download our software and go to the wallet tab. Choose "Load a wallet from a seed" and at the next screen, enter the old Sia seed and hit Confirm. This will search the blockchain for your airdropped tokens and display them as a Confirmed Balance. There is no time limit on when you must claim your tokens though it is good practice to immediately secure your balance and make sure you received the correct amount. Also, in the future, the project software may require a fork for some other purpose that makes retrieving airdrop tokens a little more cumbersome.

Tokens that were locked up as collateral or in contracts are not included in the airdrop.

No exchanges have yet announced support for the fork and we purposely have locked away the token distribution for huge wallets we deemed to belong to exchanges. If you held Siacoin on an exchange at block 179000, you will not receive SCP tokens unless at some future point, the exchange decides to honor the airdrop and distribute tokens. This is a decision to be made by the individual exchanges and you should contact them for further information.

For operational security, it is probably not optimal to use the same seed for two different project wallets. The best strategy is to move your Siacoins into a new seed on the Sia wallet before retrieving your SiaPrime tokens in our wallet.

The airdrop sends tokens to addresses with a positive balance at the fork. Because of this, any given wallet may qualify for multiple sends. Please wait until we announce the airdrop is concluded before questioning your airdrop total received

The SiaPrime team is working on the roadmap this week. We are planning a meetup on Saturday for interested developers, network/dbase engineers, web app designers, etc. If you are interested, please join our Discord (OP) and let us know. We'll flesh out the plan for the mix of open source (community edition) and closed source (enterprise edition) in our project and lay out milestones that we can create specific bounties for.