Re: [ANN] Sia - Decentralized Storage - Working Beta - Launches June 7th, 2015
Are we still on the testnet? I seem to be having an issue with my wallet balance... I can see that I have mined many blocks but my balance is 0 in the wallet.
I just want to make sure I'm not losing Siacoins somehow in the upgrade process. I have moved over my wallet.dat from the 0.30 to the 0.31 folder.
I just want to make sure I'm not losing Siacoins somehow in the upgrade process. I have moved over my wallet.dat from the 0.30 to the 0.31 folder.
My apologies, we reset the testnet. Your old coins are gone (anything from sia-ui 0.2.0 or siad 0.3.0 is gone). This will happen one more time on June 7th when we release the full currency. After that point, coins are permanent.
just saw your other thread - and was pointed back here ...
seems like a good project ...
ill readup more on it ... but what is involved in teh mining of the coin when released? ...
will watch this
...crysx
I have created a new thread here: https://bitcointalk.org/index.php?topic=1060294.0
Unless I am in violation of some forum rule or general etiquette, I would like to make that thread the official Sia thread. Sia has changed substantially since the original creation of this thread, and a significant amount of time has passed.
To answer your mining question, the developers are planning on mining the first 100 blocks or so. After that mining will work much like Bitcoin, anyone can mine and get the full block subsidy. All of coins mined in the first 100 blocks will be used for giveaways, public file uploading, fountains, and other community growing uses. The coins will not be used to line the developers pockets.
What percentage of the total coins will be mined by the devs in the first 100 blocks?