Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Sia - Decentralized Storage - Working Beta - Launches June 7th, 2015
by
Taek
on 31/05/2015, 11:25:57 UTC
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

Right now we just have 1 opencl miner that works for both types of cards. We'll be publishing the source code in the next 2-3 days.


Thanks for the good answer. What kind of tx volume would equate for 10,000 BTC per day on storage?  Currently how many tx can fit in a Sia block and what is the block time?


These numbers are discussed at length in post #129. Thanks to payment channels + contract channels, a near-infinite volume can be handled off-chain. There are limitations to the total number of users, however.

In today's space, a total of around 200,000 BTC are spent per day on cloud storage.

Please provide a reference for this.

http://www.marketsandmarkets.com/PressReleases/cloud-storage.asp

http://www.forbes.com/sites/louiscolumbus/2015/01/24/roundup-of-cloud-computing-forecasts-and-market-estimates-2015/

http://www.prnewswire.com/news-releases/cloud-storage-market-worth-468-billion-by-2018-182524001.html

The numbers aren't terribly consistent, but they are in the $10s of billions per year, which is more than 200,000 BTC per day. It's not actualy Bitcoins being spent, I converted USD to Bitcoins when making the point.


I do have one major concern regarding the uptake of Sia by businesses.  Many countries have data protection laws that mandate that users personal information may not leave the country.  Sia won't be used by any serious businesses unless it can comply with these laws.  How do you plan to deal with this?

Users/apps have full control over which hosts they select. Though I personally recommend against staying inside of one country (it's definitely less secure), if national regulations force you to stay inside of a country than it's a rule that can easily by followed by checking a host's IP address before agreeing to upload to them. Client-side encryption makes this regulation unnecessary, but governments aren't always savvy enough to realize this.