Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Sia - Decentralized Storage
by
bgblevins
on 07/01/2018, 01:32:50 UTC
Hey guys I am not sure if this is the place to ask but I was wondering how the host storage space works. You basically can rent out storage space of your pc and get paid for it? But what happens if the pc breaks down, are the files secured?
Everything you want to know about SIA you can find here https://sia.tech/about/ from what I remember(My memory sucks lol) you have to have (X)amount of Sia in an account for every 1TB of space you want to share. You will create a contract and set an amount of time say 12wks. You have to keep your computer up and running for the length of the contract that you agreed to. If for any reason you decide to shut down early then you will be penalized by paying in Siacoin. But if you uphold your end of the contract you make (X)amount of Siacoin witch if I remember right you set how much you want to charge. As far as if your computer was to say crash and you lost everything the person(s) that was renting space from you would not lose there stuff because its not only being stored on your system it is backed up on several systems kind of like a Raid or backup of the backup if that makes sense. Now don't quote me on this I'm just trying to go buy memory from what I've read in the past. Hope this helps out some. Visit the website I posted above to find out more info on it. I'm sure others on here will correct anything that I'm wrong about lol. Good luck and happy hunting.