Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Sia - Decentralized Storage - Working Beta - Launches June 7th, 2015
by
nemo1618
on 10/06/2015, 06:22:09 UTC
Has anyone actually uploaded files??? I've uploaded a couple but it needs to clear 6000 blocks first before it uploads?

"6000 blocks remaining" is the duration of the file contract, i.e. the minimum time that the data needs to be available. Your files should be available as soon as the upload % reaches 100.


Can you imagine some people eventually uploading their movie file collections and music and work and data backups,,,,, wow let hope this concept fly's!!!

Ill make some storage room lol for a fee  Wink

But it will have to stay competitive with normal cloud services and fees. I think that is what will determine the SIA coin price when the dust settles. It may be more than just about price however for some. Some may pay more for a decentralized storage. we'll have to wait and see.

Our goal is to be cheaper than traditional cloud storage services. The theory is that the average person renting out their hard drive has no overhead costs: no massive server room, no dedicated 10Gbps fiber connection, etc. So their margins can be smaller.

btw, the latest release is out (v0.3.3.1). Should fix the miner stability issues. Download from www.siacoin.com as usual.