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  • "Unknown" health? What does it mean and how to fix? August 19, 2019
    ​ submitted by /u/entity279_ [link] [comments]
  • Development Update for the week of August 11th, 2019 August 18, 2019
    Correcting the propagation of transactions on the network: The team has been working on issues detected about how transactions are broadcasted on the network that are affecting some hosts and renters. DavidVorick added better logging to the tpool module and a method for broadcasting the whole set of unconfirmed transactions to newly connected peers. Lukechampine […]
  • I have many questions about how Sia is used August 15, 2019
    I throw myself into the void asking questions that may be stupid for some. How can I start with Sia? For example, imagine that I have hired a hosting service and a domain (you know, the normal ...). There, I have installed a professional theme (script) about sharing videos (like YouTube as a reference). The […]
  • Why aren't there any centralized distributed cloud storage project? August 14, 2019
    There used to be Symform ( a few years ago, but they got bought and discontinued. Distributed storage systems similar to Sia but relying on a centralized authority (no blockchain) seem like they could have the cost saving benefits of Sia, without the drawbacks and development costs inherent to a decentralized platform. I'm surprised nobody […]
  • [Video] New docs and apps! - Sia Weekly Update | Week of August 4th August 13, 2019
    submitted by /u/sia-steve [link] [comments]
  • Sia's transcribed explainer video is currently featured on dAppXplorer! August 13, 2019
    submitted by /u/dAppXplorer [link] [comments]
  • I have a server I want to use to as mode for sia. It needs to be updated however over read that I don’t want to go above 16.1. Looking for advice... August 12, 2019
    Server Specs Intel Xeon 3.2ghz 8 Core 64 bit 16gb of ram 64gb hdd (main gdd) 5 3 Tb hdd=15 Tb Os: Ubuntu 12 JE roughly 9-10.ct/KWh submitted by /u/Dcmatty11 [link] [comments]
  • Development Update for week of August 4th, 2019 August 11, 2019
    Development Progress: MSevey identified and fixed a bug related to file repairs being stalled if a large number of file chunks were being unstuck. ChrisSchinnerl keeps working on one of the key features of the future 1.4.2 version, Partial Uploads, which will enable, among other things, uploading efficiently files smaller of 40MB without adding padding […]
  • officially launch August 10, 2019 : We are proud to officially launch our new features: - REST API - Desktop app - English website translation Give it a try! The @SiaTechHQ cloud is now accessible to all. Upload your files and share them in just a few clicks! submitted by /u/cguigour [link] [comments]
  • Siacoin wallet - can't create one ….. Help !!! August 10, 2019
    I downloaded the Sia UI. When I try to 'create new wallet', it shows a zero in the seed words block. The synching looks like it is running, but after several hours the blockchain height is still zero. I uninstalled and downloaded several more times, but still get a zero in the seed word block. […]

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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