Quote from: Taek on May 31, 2015, 05:52:39 AM

Quote from: athenaclub on May 28, 2015, 03:09:49 PM

Whenever these hosts get paid for their
storage services, siafund takes 3.9% of it. Thats a damn good deal for everybody.

This is correct.

Quote from: xibeijan on May 31, 2015, 12:31:11 AM

Let's run a quick calculation based on Bitcoin transaction volumes.

Per day (well today) Bitcoin tx fees amount to about 17 BTC. a meager 0.12 BTC per block

Am I missing some crucial information here?

Yes, you are. Siafunds do not take any fees from miners, do not take transaction fees, do not take subsidy fees. The only fees that siafunds take are from siacoins spent in file contracts. This is very different from transaction fees. If people are spending 17BTC per day on storage, each siafund will be earning 0.000066 BTC per day. If people are spending 10,000 BTC per day on storage, then each siafund will be earning 0.039 BTC per day, or 14BTC per year.

In today's space, a total of around 200,000 BTC are spent per day on cloud storage. If we owned that entire market, each siafund would be earning 0.78BTC per day, or 280 BTC per year. That's a significant ROI for an instrument that cost less than 1BTC in the first place to purchase. Sia plans to replace all cloud storage, and that's why siafunds are valuable.

Quote from: Tobo on May 31, 2015, 01:59:58 AM

Siafund is calculate based on the storage trade/charge/contracts volume. Transactions in Sia are supposed to be free if I am correct.

Correct, the siafund fee applies only to storage contracts. Traditional mining, transaction fees, and traditional transactions all have no fee.

Quote from: chrysophylax on May 30, 2015, 12:32:43 PM

will the miner be a two fold one? ... nvidia and amd - that we can compile ourselves?

we have a great deal of storage for a server and rebuilding one with 3 time the amount again ...

can these be used for the network also? or is the storage of data done in a different way? ...

we are miners first and foremost - so mining is what we do best ... hence the original takeover of granitecoin by me a while back ...

unfortunately for - im no developer or marketer - so the progress for grn has been a long slow one ...

sia is especially interesting - and would like to participate in more ways than 'just' investing in it ...

#crysx

We hope to have a guide out for the various ways to make money. You can run a POW miner and a storage host from the same machine, at the same time. They don't interfere with eachother and each provide a separate form of income. We finished the rough draft of the GPU miner today - it works! We'll be optimizing it and releasing it on the 7th.

that sounds great ...

will the miner itself be separated into an nvidia miner and amd miner? ...

im asking purely for the pre-setup that needs to be done an this end ... especially if you have the source code available and we can compile the miner readily - from github or similar ...

tanx again ...

#crysx