Hello friends!
Today...a siacoin discussion
What is siacoin?
Sia is a decentralized storage platform secured by blockchain technology. The Sia Storage Platform leverages underutilized hard drive capacity around the world to create a data storage marketplace that is more reliable and lower cost than traditional cloud storage providers.
Quote from :
https://sia.tech/
How to mine Siacoin
First you can host your hdd Space and earn siacoin in return.
Then you can chose to mine the coin.
To mine the coin we have:
Miners as:
Obelisk
https://obelisk.tech/
Bitmain-Ant miner A3
https://shop.bitmain.com/productDetail.htm?pid=00020180129095202674bwQAJFdr06CB
Siacoin Issues
Reminder: At block 135,000 the v1.3.0 difficulty adjustment hardfork activates. Please ensure you are running the latest version of the Sia software.
Quote from :
https://blog.sia.tech/reminder-upcoming-sia-hardfork-e0ffcde9ebcc
Siacoin Fork
So as written up at block 135k a fork of sc was created...but that was the start of sc problems in december 2nd 2017.
Transfers to different exchange sites were frozen and a lot of siacoin users had this issues even me as I wrote about this of steemit :
https://steemit.com/poloniex/@cynetyc/warning-do-not-depozit-zcash-and-siacoin-to-poloniex
https://steemit.com/poloniex/@cynetyc/so-i-got-my-zcash-from-poloniex-update-from-my-last-post
The wallet is fixed and it is working but our funds are still not credited to our account...
So my 67000 sc still not arrived from poloniex...at one point sc was at 9 cents or 0.09$...
Siacoin Token.
Official information here:
https://blog.sia.tech/siafund-token-sale-5639c851681c
I belive that their ideea is a good one but they still need to address their issues with the frozen trasactions in order to move forward and improve.
That was my message for today I am Cynetyc and I wish you a nice day !
Is there a simple tutorial for mining for beginners
Of course @rjunaid12 there are !
I recommend this guide from Imineblocks :
His version is by using a computer .
Another way to mine sc is by just plug and play a Antminer A3...That is really it... I mean put a electric cable and ethernet cable, then chose a pool and have fun.
Soon I also Will make a tutorial ...the most easy version that I can to show how to mine sc or decred with this blake algoritm.
buT mining is taking time too much i think. . .
Well depending on the rig or how many cards or ASICs you have the rig can have a nice ROI.
I belive that investing and minig can go hand to hand for this coin.
Maybe, don't know yet but no harm done in learning, Right :)
Not able to watch the video right now, there are some Network problems.
But thank you for taking the time.
I'll definitely watch it later
Thanks for sharing simple tutorial. keep sharing @cynetyc
Very good post thanks @cynetyc!☺
Yeah you are Right Very good and awesome post @cynetyc
I also belive siacoin will be awesome this year, thanks for the ¨talk¨ @cynetyc!
Thanks for the information and very useful guide
Thanks@cynetyc
have a great day
This video check with
Much apreciated as always, @goldcoin, thank you for having an interest in my blog!
@cynetyc I want you to know I read the whole thing and I must say, coming from the trader side, I had no idea what SiaCoin was like on the service side. I thought it was actually usable. But when you compare the state of the network it seems to be inferior to Dropbox, Box, Amazon etc. I guess it's then my job as a trader to make the price go up until it's profitable to host /mine etc. Right? This is the first time I've seen anything SiaCoin related on Steemit.com. Upvoted! 🙌
Thank you @monristi!
I tried my best to do a impartial "talk" on my article and I can say about the prices :
Also...to be able to ask a high price...you must have a loooong time running hdd .This make the network and its people trust you and use your services.
NOW..
Some people ask huge prices...and for this...is another issue...
As a client you must select what is best for you..but if you see high prices...maybe you can pay for something...that actually is not good.
This is not a big problem...but for this Siacoin tech must adress this issue too and put or hire some moderators to not let users abuse the pricing of hdd.
They still have a lot of issues...but what makes me let say ..still be positive is that they are working to improve the system.
The hdd cloud sale still has some hiccups but overall it is a good idea.
You are welcome my friend, I have a new post, do not forget to visit ya, let me add the spirit in steemit.
This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
That was very well writen @shishiristi!
In my account here on Steemit and Youtube as well, when I make a video I always remind people that I am not a advisor.
I like very much to mine and I had issues that some of them I resolved and the other I did not.
For example ...back in 2016 I invested in ether...then the dao hack happened...and my amount was locked in the wallet for 2 years. In january 2018 I managed to take my funds out of the wallet.
So for everything I do I try my best to show the Good and the bad of cryptos.
I strongly agree with you that any crypto represents a risk.
i have a question is it worthy to min siacon. My pc doesn't support mining. Thanks for sharing @cynetyc
Siacoin can be mined with a Obelisk miner or a Antminer A3 . For the moment those are the best choices on the market. A mining rig that runs on GPUs will cost a lot more than a Antminer A3 for example.
This is because Nvidia raised their prices on good gpu and to have any returns you will have to wait a long time. So a antminer can be a good choice.
yes mining on GPU consume a lot of electricity beside initial investment on GPU. Thanks for sharing @cynetyc
This post has received a 100.00% upvote from @lovejuice thanks to @cynetyc. They love you, so does Aggroed. Please be sure to vote for Witnesses at https://steemit.com/~witnesses.
Thank you very much @lovejuice, fantastic service as always !
You got a 93.02% upvote from @nado.bot courtesy of @cynetyc!
Send at least 0.1 SBD to participate in bid and get upvote of 0%-100% with full voting power.
Thank you very much @nado.bot for a very good service!
Also cool gif.
This post has received a 29.63% upvote from @aksdwi thanks to: @cynetyc.
Thank you very much @aksdwi for a good service!
@cynetyc, You given valuable information and video how to trade siacoin. It's being more informative coz your info getting easy to understand what about siacoin.
Perfect work my friend.
Great post..Loved the amazing information..Siacoin is great cryptocurrency..That is great that blockchain technology has improved a lot to release siacoin which really great..good know that sia is a decentralized storage platform which is reliable low cost than traditional cloud storage providers.At first siacoin was really cheap only 9cents but it has increased a lot in few days..Thanks for sharing this information about siacoin really in to it...@cynetyc
Thank you @arbazalam for your good words!
I belive that will improve and soon fix their issues and that maybe it will cause a pump in the market.
It was my pleasure.. Everything has problem at start but they will be improve them but surely it would take time..I really got a lot information from your post..@cynetyc
A debt of gratitude is in order for the data and extremely valuable guide
Thanks@cynetyc
Excellent review of siacoin and nice discussion @cynetyc.
Thank for information.
i had no any idea about siacoin but after reading you post i had a bunch of knowledge which i was noy expected ... thank you so much for the all the information about siacoin @cynetyc
Excellent information and very helpful . thanks for sharing
100% like and resteem
Very good video and I also belive siacoin.
Thanks for sharing tutorial
100% upvote
siacoin discussion is great . very useful information.
valuable video
((((( Resteem Service))))
Work more than wonderful. I was given this huge amount of good information about the siacoen. Thank you for this effort @cynetyc ♡
#restem your post
You got a 22.51% upvote from @upmewhale courtesy of @cynetyc! Earn 90% daily earning payout by delegating SP to @upmewhale.
Thank you very much @upmewhale, for a great service that I will re-use again very soon!
This post has received a 9.32 % upvote from @boomerang.
Thank you very much @boomerang for a great service !
This is a new thing to me. I knew about it earlier, I got it first. But your post is very small, so I do not understand the issue well. Please give full explanation in the next post. Thanks for shareing your nice post.
Of course @bondhu I will give more information!
This was a starting discussion for siacoin, soon I will come with tutorials for mining and exchanging the coin.
I really wanted to adress the sc issues that are not yet solved and to explain some of them like the miners conflict ( obelisk and bitmain)
Very good post thanks @cynetyc!
Sneaky Ninja Attack! You have just been defended with a 3.78% upvote!
I was summoned by cynetyc. I have done their bidding and now I will vanish…
woosh
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Very cool animations/avatars and thank you very much for your service @sneaky-ninja!
wow i am holding sia coin but the prices has been very low today
THis is another great review and introduction by you @cynetyc its simple and straight unlike the last video but that was a tutorial.i found out @siacoin through another post here but it wasn’t in depth and detail like yours. This coin is going to rock the market and the crypto world as far as I’ve known and thank you for your detailed attention and introduction on it. Keep it up.
Pretty good lesson for who want to learn siacoin. Best details for beginners.
Very good post thanks @cynetyc!☺
Its quite a bit easiest way in which the siacoin trading could hsd been explained. Moreover the video provided is simple to understand it. Nice work done mate.
this is looks easy method for mining Siacoin also for new blockchain technology. I personally dont know about this coin, thankyOu for teached us, how to use siacoin and valuable information :)
Thanks a lot for explaining all the technical issues with sia coin and its hardfork,iam a huge fan of sia coin got it under 60 sats and sold at 450 sats,again bought yesterday at 150 sats hope it gonna touch 2000,thanks a lot for sharing this article,have a nice day.
Thanks for the siacoin tutorial. great topic sir
@cynetyc
Upvote Resteem
great topic sir . Thank you for that information @cynetyc
People invest in Sia because it involves cryptocurrency, and really cheap value from the US Dollar. People are hoping for it to become a $1 coin.
Siacoin is extraordinary cryptocurrency..That is incredible that blockchain innovation has enhanced a considerable measure to discharge siacoin which truly great..good realize that sia is a decentralized stockpiling stage which is solid minimal effort than conventional distributed storage providers.At first siacoin was extremely modest just 9cents yet it has expanded a ton in few days..Thanks for sharing this data about siacoin truly in to it.@cynetyc
Useful information @cynetyc especially for me who do not understand about siacoin, happy to read your article
Really you are giving a very good information sharing with us, i like your post D:) friend @cynetyc, thanks for this post
this is simply amazing,no one knows these indepth story of sia coin thanks for letting us know,following SC from quite some time,you have specified all the points and explained it is a simple manner.
Wowww, A decentralized storage platform, that's great
and mining Siacoin is very easy as compare to other
I am loving it
Thank you @cynetyc for sharing the stuff
It was very helpful @cynetyc and tutirial was very easy to understand...Now this will help to solve the problem faced while purchasing @siacoin and help lots of people...Thanks a lot...Good job
I benefited greatly from your publication. Thank you for your efforts. @cynetyc
Wow what an amazing post with wonderful information about siacoin..I saw siacoin has a lot of market value now and it will be increasing day by day and i think it has great future..Great video really love it and it comes in second that is really glad. I will be surely investing in this siacoin if i got chance it is great cryptocurrency developed by blockchain..Thanks for sharing this information with us..@cynetyc
Phenomenal data and exceptionally accommodating .
Tough to understand for beginners. Help us with an easy tutorial. Thanks
I will do a step by step tutorial in the near future.
In this post I had to address some issues that sc was having .
Alright! Thanks a lot.
I really don’t have any idea about these siacon because I’m new in this platform.i only know about bitcoin but its great to read your post and have a knowledge about siacoin.thanks for information @cynetyc
outstanding journal of siacoin and pleasant discussion @cynetyc.
Thank for information.
great one,,,,
very excellent post Thanks for sharing i will done upvote......../////////
helpful information
learn many things about siacoin. very informative post about siacoin. thanks for share.