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Siacoin Price Live

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Ethereum Classic Price Chart


Siacoin News

RSS Reddit

  • Sia host - what am I doing wrong? February 17, 2018
    I'm currently running a sia host that's in the top 10 on siahub but it hasn't generated a single coin for me since it started. I'm trying to figure out what I'm doing wrong here, or is the sia network just so underused that I'm wasting my time and electricity on it? submitted by /u/nasalgoat […]
    /u/nasalgoat
  • Man... February 17, 2018
    There is nothing to explain cause all of this was saying before. Sia reddit threat is about mining.. almost nothing for investors. Verge going up very well. Why? quess why......... Binance. Man, i can't believie sia team have a problems to put sia on biggest exchanges where is a lot of shit coins.... They don;t […]
    /u/SonicSpeeed1
  • Sia Load Testing: What I've Learned So Far February 17, 2018
    I announced last week that I'm performing a load test of Sia. I expected to have results by today, but I spent a few days longer than I planned writing tooling, and the tests are running for longer than I expected. My current ETA for full test outputs is 2/25, but I wanted to share […]
    /u/mtlynch
  • Return of investment mining SIA in Australia? February 17, 2018
    Hey everyone, I am thinking of getting into mining and I was looking at SIA. Being a web developer I love the idea of SIA's cloud storage on the blockchain and think this could be a real game changer. I was just wondering if anyone here currently mines SIA in Australia? And if so what […]
    /u/cusssen87
  • 2/16/18 Development update for week of 2/11/18 February 16, 2018
    Update by /u/tbenz9: 3 Nebulous repos were updated this week. 4 issues were created, 7 were closed. 7 PRs were merged. The core team continues to focus on the download overhaul, it’s nearly done and is passing the full test suite from the previous code. This overhaul improves memory management, introduces a new feature called […]
    /u/muunshot
  • Capturing Sia's History with Sia Metrics Collector February 16, 2018
    submitted by /u/mtlynch [link] [comments]
    /u/mtlynch
  • Why did the update change my password? February 16, 2018
    Is this normal? It changed it from the password I set back to my seed. Additionally, every time I get on it tells me it's loading the update, even though I've "updated" about four times now submitted by /u/ayeaye_captncrunch [link] [comments]
    /u/ayeaye_captncrunch
  • How does mining SC support Sia February 16, 2018
    I just want to be sure I have my facts straight. Miners only facilitate the blockchain network correct? They aren't storing any data on their miners. submitted by /u/gmac2790 [link] [comments]
    /u/gmac2790
  • As an impartial but enthusiastic outsider coming back.. what happened to the website? February 16, 2018
    I am all for redesign, but this needs work. submitted by /u/TheWox [link] [comments]
    /u/TheWox
  • How to Mine SiaCoin - Let Me Know If This Tutorial Helped! February 16, 2018
    submitted by /u/NeverXpected [link] [comments]
    /u/NeverXpected

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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!

Team
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.

Mining
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.
Website: https://sia.tech/
Twitter: no official handle
Reddit: https://www.reddit.com/r/siacoin/