HomeНаука и техникаRelated VideosMore From: Boxmining

Siacoin in a Nutshell

566 ratings | 52401 views
Donations: Bitcoin : 13EvsPm3YhiCPGksQQdvQUFtsbF8FoU6Cz Ethereum: 0x58d98516363D2A5f93CE6aB4A4a909599C3EEC3a DASH: XcAREQEEunvv6rJza9LKDzdyjZ1BwBN2iK Litecoin: LXeXUr2Hr3ePgHb9aDjr4QdqA4DPXoTarU
Html code for embedding videos on your blog
Text Comments (153)
Boxmining (1 year ago)
Interested in CloudMining? - Buy Genesis-Mining Contracts: www.genesis-mining.com/a/287922 - 3% discount code: 6bXKwD - Cyptocurrency news: https://www.boxmining.com
canadianroot (6 months ago)
Hmph. Bought a Z-cash mining contract for a year with 2.7 BTC. That's about 27 grand in today's valuation. My Z is worth about 2 grand. No thanks.
Venkat K (11 months ago)
Boxmining genesis gain money when we get older . Less margin and income from genesis.
KursClub UA (19 days ago)
When it will be listed on Binance? Who knows? 😎
Lawrence Klue (1 month ago)
I agree with you mate but I hate trading siacoin. I bought it a bit down or cheaper during my day trading in three weeks ago. Unfortunately siacoin has not come back to 0.00000309BTC; at the price I bought it. Very sad and disturbing. Can anyone kindly advise please. I think siacoin manipulates the market. Why technical analysis does not help? Analysis indicated the it was going up after it came down. It suddenly went down as soon as I bought it.
yuri bel (3 months ago)
I advise, soon there is a new project, SIO coin is called. Innovations of blocking and environmental production, have you heard? http://siocoin.io/
Aeon Mouse (3 months ago)
Charlie Lee is Satoshi Nakamoto and Bruce Lee's little brother.
Aeon Mouse (3 months ago)
Sia Soon!!!! Big-up Boxmining!
Caleb Lambert (4 months ago)
Thank you very much, brother. This makes logical sense.
momentinpassing (4 months ago)
So when AI needs more hard-drive space it will use Siacoin? Is there a coin that lets us operate people by remote control yet?
Lukas (4 months ago)
thanks for the video! For me there are still some problems: 1. wat happens if the host of my data loses his laptop or stops beeing part of the network while still having my files. 2. What do you think will happen if the price of the coin goes for example up to 2$. The service would be much more expensive for users, right? As I see the project right now, the idea has great potential, but there are some major questions unanswered.
faisal mehrban (4 months ago)
Worth buying Sia now? It’s at 0.04UsD? Thanks
HordeOnYourTube (5 months ago)
Sia next time!
Warren T (5 months ago)
Thanks Pal
7.62 full metal (5 months ago)
free hard drive space for cheap ????so which one is it ?free or cheap, no make sense to me. everyone can buy cheap terabyte storage anywhere why rent it from some one ?
Chris (5 months ago)
Are you Chinese or Japanese?
ceeloc (5 months ago)
Chinese for sure, his accent is a dead giveaway!!!!!!!!!!
Chris (5 months ago)
So will the NSA , CIA , Gov etc. Adopt this???
Dougie W. (5 months ago)
What if my data is stored on someones computer and they lose it?
Shabby Kan (5 months ago)
also always add your opinion too as in whether you will invest in this coin or not, not financial advice but just to help other people out.
Dustin Hoover (5 months ago)
what if someones computer on the network goes down? Are there several backups of the same file on different computers?
Dean Nguyen (5 months ago)
BONUS SIACOIN SAME AS YOUR INVESTMENT $ : https://member.uscoin.tech/auth/register/Deannguyen/r UNTIL 31.DEC.2017
Cayman Lowe (5 months ago)
How does the Sia ensure that the shared hard drives provided by various users are online and accessible to the network?
Jianbo (5 months ago)
i prefer siacoin over storj.
Remy TheOriginal (6 months ago)
Never heard about this, will this mine faster with 1TB 7200RPM WD black series VS some old 500GB 5200 WD Slow Series, or does this still depends alot on the GPU's like 580s etc?
MADmagic (6 months ago)
critical?
Richard Jackson (6 months ago)
Thanks for the video been looking at buying some Siacoin for a while and think its the time to buy. Just a question how do I sell my unused hard drive space to Siacoin?
linda reese (6 months ago)
Success is sure when you trade with the right strategy and also possible to make a minimum 0f $5 - 10k weekly trading forex/binary options and to learn how to do so feel free and contact me via email: [email protected]
MrEnKaye (6 months ago)
Got here from the official podcast, Charlie has me sold!
Marcos Jr (6 months ago)
Friend fight for this campaign, come Siacoin! https://www.reddit.com/r/siacoin/comments/7f90eo/campaign_to_add_to_siacoin_in_the_wallet/?ref=share&ref_source=link
Simply Johny (7 months ago)
Dude, why is your face is super close to my face? lol
RAHUL Deb (3 months ago)
Simply Johny i have the same problem
sakiusad (8 months ago)
Subscribed, keep them coming man.
Inigo Yung (8 months ago)
just curious, sensei, but what set up are you using...(camera, mic phone?) its really great
REGAL CRYPTO (8 months ago)
Great thanks
Hunainath Systems (9 months ago)
SiaCoin (SC) Looks like going to moon ! https://steemit.com/sc/@cryptopizza/siacoin-sc-potential-800-growth-since-it-reached-the-bottom
Davis (9 months ago)
i dont Understand why its actually a currenncy? i invested 40€ in siacoin, is it Worth it?
Nick Botha (9 months ago)
SiaCoin vs filecoin?
Dubirka (10 months ago)
What happens when the person sharing his hard drive disconnect his computer from the network, what will happen to the information then?
Dubirka (7 months ago)
Thanks for clarification! Sounds like it all been figured out!
ratgreen (7 months ago)
Dubirka the files are replicated on 3 other people's hard drives for redundancy. So unless all three people go offline at the same time then you won't lose you files. Hosters have to put their own coins up as collateral, basically they stake their coins, and if they have less than 95% uptime they will lose some of their coins. So it's in their interest to not go offline. Also if one of the hosts goes down for a long time then the files are redistributed back upto 3 people. I think there is talk of increasing the file spreading to even more hosts for even more redundancy. I've heard numbers like 30 hosts. So you would have to have all 30 hosts go down at the same time to lose the files.
Rich V (8 months ago)
Dubirka exactly what I thought
t trstringer (10 months ago)
can you make a video about what you think are the most novel or unique blockchain techs and seem to be *future proof*? For example SIA, IOTA, Ripple...
shockolanul (10 months ago)
The downside of Sia is that high-storage HDDs are developed as we speak. Having 1TB is nice now... very soon it will be like having a small memory stick. I like Sia, but I don't think it's going places as Cloud Storage will be soon a thing of the past.
Martin Camilo (10 months ago)
When will it reach .4 cents
jyoti aggarwal (10 months ago)
hello, you videos are very useful. thanks for creating these videos.. Also, could you please talk about how Siacoin is doing now, is it being adopted and how it can be stored? thanks again for creating great content.
Brad Mitchell (10 months ago)
Whats the best cold storage for sia? I have the Nano S but no app has been developed for it yet.
edison lau (10 months ago)
Hey, I really do not like having to download the entire blockchain to use a sia wallet, can you suggest a worthy alternative wallet?
Bradley Tayne (11 months ago)
Really helpful video as always ✌🏽️
Brandon Vaughn (11 months ago)
Please make a video on BurstCoin
mr fool (9 months ago)
Brandon Vaughn burstcoin is a total diaster. Try to mine it 3 weeks ago. Blockchain explorer not working
sheynino (11 months ago)
great video can you make a video on burstcoin?
Brandon Vaughn (11 months ago)
This would be great! Please do make a video on BurstCoin!
Prodigy Defender (11 months ago)
having an awful hard and long time tried to synchronize SIA wallet. that puts me of off investing in SIA. I mean if they can't even make their wallet user friendly... but for those who speculates, buy and hold SIA on the exchange.. not sure.
B&W (11 months ago)
do you understand that all of these technologies are under development and don't have the backing of companies that are currently worth billions of dollars? That's why it's speculation and you stand to gain if the project succeeds. Most are theories or projects that can and will definitely work but the 'work' needs to be put in by expert developers. A lot of these developers are currently employed by aforementioned billion dollar companies that are paying them hundreds of thousands of dollars per year to keep developing. 'Sia' (and other blockchain-based projects) is being worked on by individuals who are also speculating by devoting their time to an unproven project. The risk is high but the reward is also high not only for businesses and individuals who stand to gain by using the service but the developers and speculators/investors that are building it.
notker88 (11 months ago)
Do the files have to be stored redundant on many many computers? I mean the redundance can never be enough in such a decentralized ecosystem to privide safety from fileloss. Furthermore it would be again a huge energywaste...
Aapsjor dwraak (11 months ago)
Would it be possible to store ps4 games on sia network? Great post thnx
Ismail Shaikh (11 months ago)
From where can I get siacoins?
Joetoy90 (11 months ago)
Ismail Shaikh the exchange called bittrex
Erik D (1 year ago)
I would be interested in siacoin vs filecoin
Greg ketterman (1 year ago)
Doesn't Maidsafe do the same thing? That should be included in a video like this.
george jefferson (1 year ago)
Where can I buy Sia coin? Is it recommended to buy siacoin or Siafund in terms of investment not necessarily for storage
Boxmining (1 year ago)
poloniex is what i use for sia
1fas1984z28 (1 year ago)
What if someone's hard drive crashes with my encrypted data on it? Do I lose it or is it striped across other computers?
Boxmining (1 year ago)
there is 4 x redundancy, so it's all spread out everywhere.
Thanks a lot man. Your videos are really helpful.
j bloggs (1 year ago)
Informative video, thanks.
Boxmining (1 year ago)
Thanks!
Kekistani Dan (1 year ago)
Over 26 billion coins in circulation. Isn't that a bad thing?
Boxmining (1 year ago)
not really. it just means the quantity you send increases. Its bascially where you set the decimal place. :D
XlinkK280 (1 year ago)
What happens when a Hard drive fails? Then data is lost?
T R (1 year ago)
There are multiple copies made, so no data lost
smithcopiedhimself (1 year ago)
How does one access one's data when the Sia (RB&B) host has his computer turned off?
The Rock Gaming (1 year ago)
I would say it depends on the current hardware that you have. If you have a GTX 1070 or similar, already, you can make about $150 a month running 24/7. Of course, after power cost, you will probably only make $120. It really depends on if you want to make the investment. There's kind of a big debate over storage costs right now, so I would wait to get into that if you are interested, until the market smooths out a bit. However, hosting 5 TB of storage 24/7 will be much cheaper electricity wise than mining.
smithcopiedhimself (1 year ago)
I see.  Thanks much.  Since one's computer need be connected at least 95% of the time in order to participate, there would be an energy cost to the user.  Would one combined Siacoin mining with renting out storage per smart contract?  Or might one be profitable as just a storage host?
The Rock Gaming (1 year ago)
One thing he didn't mention was when you host storage, you buy into a contract (have to put up collateral in the form of siacoins) for "x" number of weeks, and promise 95% uptime. If you don't maintain your obligation, you lose your collateral, but if you fulfill you are rewarded with the price of the contract. Also, there is 4x redundancy, so any file you save to the network will be encrypted and stored in 4 locations; therefore, if a host doesn't fulfill his contract, he is penalized, but your files are still stored in 3 other locations.
Omer Haroon (1 year ago)
The zoom out is way tooo much, you should have had the camera even closer to your face
Boxmining (1 year ago)
nose cam?
what about the fact that is possible to store encrypted files on any of the actual cloud storage platforms such as google drive, dropbox, etc.? I mean, any person can encrypt files before uploading and in this case what is the risk of anyone from those platforms accessing the encrypted contents? And what happens if computers (miners) where files are stored in Sia system are off or for some reason or the stored files (or nodes) are deleted? If these same files are distributed in several computers with copies, doesn't it creates a problem as the amount of files stored increase? (sorry if my knowledge is reduced regarding blockchain technology and these questions may sound stupid). taking into consideration this what makes Sia system better than the actual ones?
The Rock Gaming (1 year ago)
There are a few fundamental ideas that sia is trying to achieve. First, is that it makes it easier for the user to not have to worry about encrypting and decrypting when saving and accessing data on the network (user-friendly). Second, as hosts compete for storage contracts, the price of storage stays low, thereby encouraging users to navigate to sia, as opposed to other platfroms like dropbox, etc. Finally, there is redundancy in encrypting and storing data on multiple host locations, and each host is contracted for 95% uptime (else they are penalized by their collateral in the form of siacoins being taken), so the likelihood of not being able to access your files is minimal, and if for some reason you can't, you won't have to wait long to access them. The concern about redundancy as you mentioned, will be that storage requirements over the network will have to be higher, and that will increase the price for the customer. How much is yet to be determined, but my guess is that sia storage will always be cheaper than google drive, dropbox, etc.
TWISTERBOX (1 year ago)
i bought high but will keep it
John Galt (1 year ago)
Hi, love your clarity. How do we translate siacoin's extraordinary cloud storage value proposition into some concept of what the coin should be valued at? Where do you see it trading 1 or 2 years out?
moon (1 year ago)
What if someone pc breaks down? then all the info, photos are lost?
moon (1 year ago)
Sia is revolutionary imo..
moon (1 year ago)
And what if i "borrow" memory space and my pc is getting old and i have some contracts open. Can i buy a new pc and download a new wallet and sent the coins there with the contracts still going?
Boxmining (1 year ago)
there is 4 times redundancy, and the files can be restored with any of the parts, which means 3/4 of the network has to go down before files are lost.
TheSprinklerNinja (1 year ago)
sia next time! I sia what you did there! lol
Boxmining (1 year ago)
Sia in the next video!
Adrian Marti (1 year ago)
What do you mean with that it was extremely difficult to recover wanacrypt-infected files without the encryption key? Shouldn't it be outright impossible?
Boxmining (1 year ago)
We were discussing with my programming team at work. Because Wannacrypt only delete the originals, it might be possible to use a file recovery program and recover the deleted files. so you don't unlock your ransom files, but you undelete your originals. We havn't tested because none of us got infected.
Andrew Hang (1 year ago)
make a video on golem please!!
Boxmining (1 year ago)
https://www.youtube.com/watch?v=DspOwmq-R4k
Ighomaria Prosper (1 year ago)
how do i buy
Ryan (1 year ago)
poloneix
Cheyne Casino (1 year ago)
thank you buddy! I enjoy your video
Taylor (1 year ago)
So how is it different than golem?
John Doe (1 year ago)
Taylor golem is computing power not data storage
Dylan T (1 year ago)
my sia is locked in poloniex right now. no withdraws until they figure out WTF they are doing over there.
And reas (1 year ago)
never mind ... sia on bittrex unter maintenance, too -.-
Dylan T (1 year ago)
Btc takes 60 min to confirm ripple takes 2 min.
And reas (1 year ago)
LOL bittrex has "Wallet Maintenance" for sia, too! WTF
And reas (1 year ago)
but i still dont get why you took the way over xrp. Why didn't you do: SIA-BTC -> Bittrex ->BTC -> SIA
And reas (1 year ago)
Thanks man, just doing the same thing to get my siacoins out of polo.
Dj Robbie Rush (1 year ago)
Is it worth investing in ?
Joe smith (5 months ago)
Billy Luna-Riley I think it's brilliant however why would I bother doing this if I can buy a 3 terabite external hard drive for 100$ and be done with it. I'm not sure I will invest . Think I will pass . The fact that it is decentralized and therefore much cheaper then the others ....it could work but an unlimited supply of coins ect ect means small roi
Billy Luna-Riley (6 months ago)
S Clements look at it now
Sz27 Clz75m (6 months ago)
and how's that worked out for you?
Topper Rob (1 year ago)
lol
Dj Robbie Rush (1 year ago)
Ryan I just got a lot I will hold thanks
Benjamin Schwab (1 year ago)
Great video bro!
Tuan Vu (1 year ago)
Just discovered your channel, good stuff. I used your code for some Etheruem upgrade. Hit me back when you get the chance 7W5oNA
Boxmining (1 year ago)
Awesome Tuan. Added you to the list!
Uncle Iroh (1 year ago)
I might be stupid, but what if hackers want to put viruses on computers using siacoin. and so they buy storage and their virus files end up on my computer that then open up and do damage on my PC. Am I missing something?
GanjX (6 months ago)
and you don't store the actual file, you store part like peer to peer. so not a chance that files you don't own might operate.
Veloz (6 months ago)
they obviously covered that loophole....
Boxmining (1 year ago)
The files are encrypted so they look like jumbled garbage.
Uncle Iroh (1 year ago)
Oh okay nice thanks for the info
Oskar Sword (1 year ago)
What James said. The files will be in an encrypted unreadable format ( useless junk ). There is no way to send viruses to someone using this decentralized storage :)
Sia vs Maid vs Storj
zNoRedemption (6 months ago)
Cryptocurrency Edutainment Golem can get big if they continue forward with their milestones
mr fool (9 months ago)
grim789 start mining it atm
grim789 (1 year ago)
Golem for sure but also Maid. Sia seems cool I will probably pick some up cause it does seem like a good dev team.
Norm Bolduc (1 year ago)
Mr. DJ....No typing while driving ;)
ow and golem as well
Quantum Evolution (1 year ago)
make a video on I exec rlc and it's relationship to ethereum and golem!
Quantum Evolution (1 year ago)
thanks @boxmining ! sia is very exciting project
RonPaul20122016 (1 year ago)
Do you think Sia and Storj will have any synergistic effects?
RonPaul20122016 (1 year ago)
cause I have both
RonPaul20122016 (1 year ago)
Boxmining oh damn someone is competing with megaupload 2? that honestly has me worried
Boxmining (1 year ago)
unfortunately they seem to be competing in the same arena. They might be able to work together to fight of dropbox. we'll have to see
Get 3% off your next upgrade on Genesis Mining with this code o1KP0z
Chickenscratch (1 year ago)
Hey. Great video. I would like for you to do a video on benefits of purchasing a full bitcoin node. I don't understand why anyone would buy one? Does the owner get any benefit from running one? Thanks man.
Boxmining (1 year ago)
nodes don't receive rewards, unlike miners. Nodes are run by pools, exchanges, and enthusiasts as contributions to the community.
Martijn580 (1 year ago)
A nutshell video of Golem and Aragon would be nice. (Or whichever coin which has an innovative technology)
Boxmining (1 year ago)
I have a video on Golem https://www.youtube.com/edit?o=U&video_id=DspOwmq-R4k. Will definitely do an Aragon one soon!
Martijn580 (1 year ago)
Perfect timing, thanks!
Boxmining (1 year ago)
Awesome! glad it helped!

Would you like to comment?

Join YouTube for a free account, or sign in if you are already a member.
How to become bitcoin trader? Exactly like Bitcoin, multiple digital currencies exist in the marketplace. So if you prefer to buy a few other currencies which aren`t available on Indian Exchange than you can utilize Bittrex. All you have to do is locate an exchange that you favor. Cryptocurrency exchanges have a massive potential to modify peoples minds and opinions concerning cryptocurrencies generally speaking and their application in actual life. So even in the event the exchange is attacked, its still true that you have your money. Furthermore, the exchanges prepare each and every industry for Bitcoin expansion. Existing stock exchanges will also compete to be able to fulfill the users configuration requirements. Sooner or later later on, the prices will grow more equal, meeting somewhere in the middleyour profit is equivalent to the quantity of convergence. No matter how far it is from Kijun, it is likely to return and test that level at some point. The amount of bitcoin is perpetually changing. In the US, it is 1000 USD. Whats even better, seek the services of a seasoned lawyer or at least ask for an in depth consultation. So youve read the newspaper about the meteoric growth of crypto currencies including Bitcoin or Ripple. Then coming up with 1000s of exchange rates simply to go out and get groceries is nearly impossible. Many cities around the world provide a bitcoin ATM where you are able to trade cash for bitcoin. The cryptocurrency world isn`t efficient.