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  • Siacoin listed on ICE Data Services! March 19, 2019
    ICE (Intercontinental Exchange), which owns the New York Stock Exchange NYSE and is about to open the first regulated Bitcoin exchange BAKKT, is adding 58 cryptocurrencies to their ICE Data Services feed. ​ Siacoin is one of those listed! Once again Siacoin is recognized by industry professionals for its quality DEV team and the […]
  • Address​ watch March 19, 2019
    Hi guys, Has anyone come across the Sia blockchain service similar to Etherscan where you can add multiple addresses to watch for any movements? submitted by /u/Farrah_Fowler [link] [comments]
  • Development Update for the week of March 10th March 17, 2019
    The path towards the final 1.4.0 release The public testing of the latest Release Candidate 3 has revealed issues for renters using the Windows version. The team is currently working in their correction: DavidVorick identified a misuse of the Sia paths in multiple parts of the code, that while compatible with Unix systems, are incorrect […]
  • Obelisk sc1 immersion reseller March 17, 2019
    Hello I missed the opportunity to get it from their website, is there any legit trusted resellers? Share us your experience submitted by /u/abdulll_h [link] [comments]
  • still on exchange , what should I do March 16, 2019
    perhaps I am the only one still is on exchange...always too busy to move to wallet , now I have nano S , it seems i can use it that way... I guess my main question is ( sorry not using the needed jargon) , first I purchased Sia in Dec 2017 and then almost […]
  • Sia Wallet Win64 March 15, 2019
    Hi there, the win64 wallet is not working, it keeps upgrading to a new version for long time, maybe days. ​ Any help. submitted by /u/moadrahal [link] [comments]
  • Decentralizer 1.0: hosts micro-managing and safety for Sia renters March 14, 2019 Introducing Decentralizer 1.0 Last year I released the version 0.1 of a simple tool aimed to protect renters from hosts centralization. Sia has grown in capabilities since then, and so has Decentralizer. Today I want to introduce to the community a graphical companion app for Sia renters that allows them to decentralize better their […]
  • How to back up my NAS drive to Sia March 12, 2019
    Hello, let's say I have a NAS drive which I mount on my Windows desktop PC as drive Z: The NAS drive is simply presented as a Windows share (SMB). Is there a step-by-step tutorial on how I can back up the entire NAS drive to the Sia Cloud? I have a few terabytes on […]
  • Renters- what do you mostly store on Sia? March 12, 2019
    Hey folks, I run a couple of hosts and I'm curious - what do you renters store on there? I ask as I've found it quite consuming to store data so I can only think of storing large dumps of perhaps certain backup files... what do you use it for? Testing? Backups? Other? submitted by […]
  • Second company announces using Sia for its cloud storage. Beta on March 31st 2019. Great job Sia team! Kudos to Sia-Cloud.Tech! March 12, 2019
    submitted by /u/prothius187 [link] [comments]

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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