Topic: SiaCoin's future? (Read 3142 times)
After ico filecoin sia has serious problems, I think this is their main competitor that looks more powerful
It does have a roadmap https://trello.com/b/Io1dDyuI/sia-public-roadmap
I think SiaCoin has not attracted large investors because the altcoin has no future roadmap and developers have very little information about this altcoin. I hope in the future SiaCoin will have more information
Indeed, this is what this particular coin is lacking on. Not only this coin, but all the altcoins on a whole do not have any potential of taking an edge over bitcoins or ruling the crypto market. The SiaCoin has lacked proper details and this project also was deprived of attraction. These are some of the reasons it could not manage to attract masses. 
I got it from the official projected statistics of the SIA miners (Obelisk). In June of next year they are projected to mine 150,000 SC a month. Each and every asic miner sold is supposed to mine that. If even just 5000 miners are sold (initial amount being sold) that will be 750,000,000 newly mined coins each month. Which is roughly 2.5% of the total coin supply each month.
After that it went all wrong.
As with any ASIC -- once one is mass produced, it is copied and resold by several companies. An estimated 25-50,000 asics for SC are likely to exist by the end of 2018. Each one mining 150,000 coins a month. 7.5 Billion coins minted each month. Of the current 28 billion coins. Equal roughly 1/4 the total coin amount created each month (I realize there will be billions more coins by this time next year so you can adjust %s accordingly -- but according to your own fairy tale, there should be LESS coins this time next year -- which is not true at all btw).
Whoever told you the value is constantly decreasing, clearly hasn't been following the coin. Do a little "science" experiment and jot down the current number of coins right now. Come back tomorrow and look at the total coins -- You'll see a metric shit ton more coins tomorrow than today.
Whoever told you the value is constantly decreasing, clearly hasn't been following the coin. Do a little "science" experiment and jot down the current number of coins right now. Come back tomorrow and look at the total coins -- You'll see a metric shit ton more coins tomorrow than today.
The estimated reward of 150,000SC per Asic is not stable. It is estimated for the first month with 4000 units sold and decreasing after that. If less Obelisks are sold it will be more per unit.
What u ignore is the fact, that the daily Block reward is not about hashingpower. If there are 2 Billion asics it won't rise. Hashingpower just decides how much of the cake u get.
With 4000 Obelisks sold and no gpu mining , u get 1/4000 of daily reward. When month later there are 8000units u get 1/8000 and so on.
I also did not say the total supply is decreasing, i said the amount of daily mined sc is decreasing. Exactly 144 SC per day.
So please stop ignoring the algo and do math on a regular basis.
Even with the "corrections" you pointed out -- There is just far too many coins already and far to many being created every day for there to be any serious value in SC. People buying 1k or even 10k of them will likely never see any real profit. People "investing" in SC better be buying up literally hundreds of thousands of coins and then holding them for 10 years. If they do that, they might be able to make a car payment one month with the profits (but only if they drive a Hyundai or something. No nice cars in this scenario).
I got it from the official projected statistics of the SIA miners (Obelisk). In June of next year they are projected to mine 150,000 SC a month. Each and every asic miner sold is supposed to mine that. If even just 5000 miners are sold (initial amount being sold) that will be 750,000,000 newly mined coins each month. Which is roughly 2.5% of the total coin supply each month.
After that it went all wrong.
As with any ASIC -- once one is mass produced, it is copied and resold by several companies. An estimated 25-50,000 asics for SC are likely to exist by the end of 2018. Each one mining 150,000 coins a month. 7.5 Billion coins minted each month. Of the current 28 billion coins. Equal roughly 1/4 the total coin amount created each month (I realize there will be billions more coins by this time next year so you can adjust %s accordingly -- but according to your own fairy tale, there should be LESS coins this time next year -- which is not true at all btw).
Whoever told you the value is constantly decreasing, clearly hasn't been following the coin. Do a little "science" experiment and jot down the current number of coins right now. Come back tomorrow and look at the total coins -- You'll see a metric shit ton more coins tomorrow than today.
Whoever told you the value is constantly decreasing, clearly hasn't been following the coin. Do a little "science" experiment and jot down the current number of coins right now. Come back tomorrow and look at the total coins -- You'll see a metric shit ton more coins tomorrow than today.
The estimated reward of 150,000SC per Asic is not stable. It is estimated for the first month with 4000 units sold and decreasing after that. If less Obelisks are sold it will be more per unit.
What u ignore is the fact, that the daily Block reward is not about hashingpower. If there are 2 Billion asics it won't rise. Hashingpower just decides how much of the cake u get.
With 4000 Obelisks sold and no gpu mining , u get 1/4000 of daily reward. When month later there are 8000units u get 1/8000 and so on.
I also did not say the total supply is decreasing, i said the amount of daily mined sc is decreasing. Exactly 144 SC per day.
So please stop ignoring the algo and do math on a regular basis.
Siacoin has a good project, good products, and very good team, one of the best i have ever seen on this community, so yes, it can be raised.
At the moment this coin is at 270/sat each, i see it at 800/sat max at the end of the year, remember that there is a lot of coins on the market and it is impossible to reach a high value like $1 each for example.
Siacoin can grow, but not much.
At the moment this coin is at 270/sat each, i see it at 800/sat max at the end of the year, remember that there is a lot of coins on the market and it is impossible to reach a high value like $1 each for example.
Siacoin can grow, but not much.
Sia coin is really amazing but I am not sure if they can be a competitor to dropbox and google drive, maybe it will be acquired by those big competitors in the future.
According to you what price can we expect by the end of the year ?
Devs also didn't say they want the price low, they stated they want it to be stable. Renters, Hosts and Miner should have a reliable token und no pump and dump bullsh** to make day traders happy.
Growing in a healthy way, nothin more.
Growing in a healthy way, nothin more.
I'm glad someone else other than me gets this.
The problem was the person who wrote that Sia article twisted the words from the Sia team and distorted their statement into assuming they wanted SC price to stay down. When in reality, the Sia team said their project is not designed as a pump and dump vessel.
Sia really needs a PR rep.
Once those things hit the blockchain next year the total amount of coins will increase by a 1/4 EACH MONTH; each miner can apparently mine 150,000 SC a month. I think the per coin value will decrease over time, just due to sheer volume.
Wondering where u got that from? O_o
The Blocktime is and will stay 10 Minutes. The reward decreases by 1 every Block, to a minimum of 30,000 SC per block.
Actual reward is around 180,000 per block. Thats 180,000 *144 = ~26,000,000 per day and 26,000,000 * 30 = ~777,000,000 per Month.
With a total supply of nearly 28,5 billion SC today that is more like 1/40 (so 10 times less) increase, and as already mentioned that value is contantly decreasing.
Not forgetting features like proof of burn.
As I said in another post I feel like Siacoin may do good as well but it is nearly impossible to see high prices. Max price is its opponent amazon's price. If it passes then noone would use Sia.
That is not a problem at all, cause all u have to do ist adjusting the costs in SC.
Devs also didn't say they want the price low, they stated they want it to be stable. Renters, Hosts and Miner should have a reliable token und no pump and dump bullsh** to make day traders happy.
Growing in a healthy way, nothin more.
I got it from the official projected statistics of the SIA miners (Obelisk). In June of next year they are projected to mine 150,000 SC a month. Each and every asic miner sold is supposed to mine that. If even just 5000 miners are sold (initial amount being sold) that will be 750,000,000 newly mined coins each month. Which is roughly 2.5% of the total coin supply each month.
As with any ASIC -- once one is mass produced, it is copied and resold by several companies. An estimated 25-50,000 asics for SC are likely to exist by the end of 2018. Each one mining 150,000 coins a month. 7.5 Billion coins minted each month. Of the current 28 billion coins. Equal roughly 1/4 the total coin amount created each month (I realize there will be billions more coins by this time next year so you can adjust %s accordingly -- but according to your own fairy tale, there should be LESS coins this time next year -- which is not true at all btw).
Whoever told you the value is constantly decreasing, clearly hasn't been following the coin. Do a little "science" experiment and jot down the current number of coins right now. Come back tomorrow and look at the total coins -- You'll see a metric shit ton more coins tomorrow than today.
Once those things hit the blockchain next year the total amount of coins will increase by a 1/4 EACH MONTH; each miner can apparently mine 150,000 SC a month. I think the per coin value will decrease over time, just due to sheer volume.
Wondering where u got that from? O_o
The Blocktime is and will stay 10 Minutes. The reward decreases by 1 every Block, to a minimum of 30,000 SC per block.
Actual reward is around 180,000 per block. Thats 180,000 *144 = ~26,000,000 per day and 26,000,000 * 30 = ~777,000,000 per Month.
With a total supply of nearly 28,5 billion SC today that is more like 1/40 (so 10 times less) increase, and as already mentioned that value is contantly decreasing.
Not forgetting features like proof of burn.
As I said in another post I feel like Siacoin may do good as well but it is nearly impossible to see high prices. Max price is its opponent amazon's price. If it passes then noone would use Sia.
That is not a problem at all, cause all u have to do ist adjusting the costs in SC.
Devs also didn't say they want the price low, they stated they want it to be stable. Renters, Hosts and Miner should have a reliable token und no pump and dump bullsh** to make day traders happy.
Growing in a healthy way, nothin more.
despite the update integration of sia + minio, it doesn't attract more investors. but anyway, good job to the devs on keeping the project updated. rest assured that future of this coin is still on the right track.
The whitepaper is great and the devs are working hard but the marketvalue is in bearish, in the future this will pump to a new ATH and will keep surging.
I am pretty apprehensive about Sia right now. I feel like there is far too many coins currently and they are selling their "official" asics now. Once those things hit the blockchain next year the total amount of coins will increase by a 1/4 EACH MONTH; each miner can apparently mine 150,000 SC a month. I think the per coin value will decrease over time, just due to sheer volume. The 5 or 6 thousand coins I am currently holding will probably be worth $0.000001 each by June of next year :\.
I used to have high hopes for SIA ... But now, I just don't know. Probably going to sell them off at the next pump.
I used to have high hopes for SIA ... But now, I just don't know. Probably going to sell them off at the next pump.
I see the SIA is in the support price to buy,save and wait in the next few weeks there may be a Pump so do it before it's too late guys 
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I am in a long HOLD mode with SIA, I really think price will be 10X from now in 1 years. Remember, always do to opposite of the crowd to be successfull.
Because 90% of trader always lose their money
Just need to learn how to avoid being fooled by the manipulation of the whales
I am in a long HOLD mode with SIA, I really think price will be 10X from now in 1 years. Remember, always do to opposite of the crowd to be successfull.
Then they just adjust how much sia their service costs........ 
As I said in another post I feel like Siacoin may do good as well but it is nearly impossible to see high prices. Max price is its opponent amazon's price. If it passes then noone would use Sia.
I dropped Siacoin, went to XEL, riding the high now and then buy even more Sia at cheapter price with the wins from XEL... At least that's the plan.
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