Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Sia - Decentralized Storage
by
bitspill
on 08/10/2016, 04:06:12 UTC

Step 1: Make sure the client is updated and synced. - Back it up too!

Step 2: Get 50,000 SiaCoin from an exchange and transfer them into your wallet.

Step 3: Unlock your wallet

(Not needed on updated client) Step 4: Forward Ports to either :9981 or :9982

Step 5: In the Hosting tab click "Announce" - this can take a few hours to propagate the network.

Step 6: Set your file contract price - remember it is a market so you may have to be competitive to get contracts
You still need a mass amount of Sia to sell your storage? Lame.

It's to be put up as collateral to ensure the renter can feel confident the files will actually be provided.

Should the host go offline the collateral will be forfeited, if the host remains online and is in good standing once the contracts expire the collateral is returned to the host.