Siacoin Price & Charts

Siacoin News

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  • Siad.sig? June 14, 2019
    The latest GUI wallet is an AppImage. Yet verifying the signatures with openssl dgst -sha256 -verify sia.pem -signature siad.sig siad requires a file called siad.sig. Where does one get said file from? submitted by /u/bintytinty [link] [comments]
  • SC price June 14, 2019
    What happens to the price? Is this project losing competition with one another or simply not so much interest in decentralized data storage in the cloud? submitted by /u/arabson1990 [link] [comments]
  • Backup app for Filebase or GooBox potential June 13, 2019
    I feel like if someone could create a phone app for their backend sia storage service, so that all that media from your phone is backed up automagically, it could become seriously viral. I think of all the people who have either complained about losing pictures on lost/damaged/stolen phones, and others that don't know how […]
  • Bitterex NYS June 12, 2019
    ​ I just saw the announcement about NYS on June 9. Is there anyway I can get my coins out? I was just holding here and didnt see this submitted by /u/MV118 [link] [comments]
  • A New Chapter in Sia Mobile App Development June 12, 2019
    submitted by /u/DangerCZE [link] [comments]
  • SIA UI 1.4.0 broken? June 11, 2019
    Hi... i have just update to 1.4.0 but Sia ui is not starting anymore .... no signs ... no log .... nothing!?!? system win 10 ... everything is working fine ... sia not any ideas? ​ cheers submitted by /u/ruxor123 [link] [comments]
  • Testing minio with goobox as s3 gateway June 11, 2019
    Now testing minio with goobox as s3 gateway. ​ docker run -d -p 9000:9000 --name minio-s3 -e "MINIO_ACCESS_KEY=XXXXXXXXXXXXXXXXXXXXXXXX" -e "MINIO_SECRET_KEY=XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX" minio/minio:latest gateway s3 ​ access to minio dashboard: http://localhost:9000 submitted by /u/contenidosonline [link] [comments]
  • [Video] Meet our newest team member! - Sia Weekly Update | Week of June 2nd June 11, 2019
    submitted by /u/sia-steve [link] [comments]
  • Encrypted backups on Sia using Filebase and Arq June 11, 2019
    submitted by /u/filebase [link] [comments]
  • Mounting Goobox as a disk & file sharing June 10, 2019
    submitted by /u/MeijeSibbel [link] [comments]

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What Is Siacoin ?

SIACOIN is a decentralized cloud storage platform that is built using the blockchain technology. It hopes to change the game for the big cloud storage companies like Amazon, Google and Microsoft. It’s basic working principle is that whenever a user plugs in and wants to store certain files on the cloud, the file is divided into many tiny bits, then these tiny pieces are multiplied, encrypted and sent across its network to be stored  over dozens of nodes.

SIACOIN aims that with its entry into the Cloud Storage industry, we will see prices for cloud storage slashed to a fraction for the user. An example being that storage on the big cloud storage providers costs $10 to store 1TB while on the SIACOIN network that will only cost $2!

SIACOIN is a product of Nebulous Inc from Boston, led by David Vrick and Luke Champine

Practical Uses
SIACOIN’s only use is in the practical realm of things, being the liberalization of cloud storage. With SIACOIN, a user stands to gain many benefits to their cloud storage experience among which are:
 Affordability: Prices of using cloud storage will crash with SIACOIN. This is only possible because instead of chunking up a file at a single storage facility, SIACOIN will chop it to pieces, multiply it and send the very tiny encrypted pieces of it to its miners and individual storage providers.
 Privacy: With SIACOIN the user’s file are only accessible to them alone and not anyone else! Unlike the traditional cloud storage companies where your file is open and at their mercy. After being encrypted and sent on the cloud, the user is the only person that has the key to recall their file, reassemble it and decrypt it for use.
 Uninterrupted Access: The fact that the file is multiplied and sent over dozens of nodes means that the user has several backups instead of just one. Downtime is extremely unlikely unless the whole network is shut down which is virtually impossible due its decentralized nature. Therefore the user has uninterrupted continuous access to their file whenever the need arises.

There are presently just over 26 Billion SIACOINs mined with a total of 48 billion expected to be the maximum cap for the cryptocurrency. SIACOIN is mined using industry standard ASIC miners that are used in mining other cryptocurrencies as Bitcoin and Ethereum. The mining is veered towards SIACOIN though the use of software that is available on their site for download.

Notes for Investors
SIACOIN is one of the cryptocurrencies with very real world applications and aims to serve a very real need for cheaper and more private cloud storage. Both its attractive prices and high encryption will likely win it a large following. However, it remains to be seen if there will be further blockchain start-ups pursuing the same industry. SIACOIN looks set to become one of the key players before any competitors begin to emerge.
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