Sia Coin Updated details





  • What is Sia?

    A storage marketplace enabling buyers to rent space from sellers with extra disk space


    Made for Developers

    Sia was made to be integrated as your storage backend. You only pay for the storage you use, and there is no commitment. Get started with our API Quickstart Guide .


    Decentralized

    Sia is a decentralized network consisting of many nodes around the world. Data is stored redundantly on a diverse subset of these nodes, meaning there’s no single or central point of failure.

    Competitively Priced

    Sia is a storage marketplace. The price of storage on the network is determined by the free market equilibrium, often well below the price of centralized storage. Compare Sia to other storage solutions .

    How Sia Works


    Sia is an actively developed decentralized storage platform. Users all over the world contribute disk storage from their computers to form a decentralized network. Anybody with siacoins can rent storage from this network, and hosts are

    paid for their contributions. A combination of smart contracts, erasure coding, and encryption ensure secure, private, and reliable decentralized storage. You can download and use Sia today! sia.tech

    A smart contract on the blockchain ensures through the use of cryptographic proofs of storage that hosts are only paid if they keep the file for the entire duration of the contract. Employment of erasure codes such as Reed Solomon codes

    guarantees high file uptime even if most of the hosts on the network are unreliable or have frequent outages. All data is encrypted client-side and padded, preventing hosts from snooping the contents of the files and even from guessing what

    the file might be based on the filesize.

    The distrubuted nature of the Sia network enables many optimizations in latency, throughput, reliability, and security. The decentralized nature of the Sia network enables anyone with storage to get paid, lowering the barrier to entry and

    reducing the overall price of cloud storage.



    The Technology

    The foundation of Sia is a proof of work blockchain. Storage contracts are a new type of transaction that get enforced
    by the blockchain. Sia's hashing algorithm is blake2b. p2pool and multisig wallets are both supported on Sia.

    When a file is uploaded to Sia, a storage contract is created containing the Merkle root of the file, a reward for the
    host, and a penalty for the host (both in siacoins). After an agreed-upon duration, the host is required to prove that
    the file is still available by providing a random Merkle proof. If the proof is valid, the host is rewarded; otherwise,
    the host is penalized. Random numbers are generated deterministically using the most recent block as a seed.

    Sia has support for two way payment channels, and two way contract diffs. Among other things, this provides massive
    scalability, and eliminates the need for untrustworthy 0-confirmation transactions. Once you join a payment channel
    network, all transactions within that network will be instant and final, with no risk of a double spend.

    Reliability is achieved by using erasure coding in a massively distributed environment. Erasure coding allows a file to
    be split into many pieces, such that the original file can be recovered using only a few of them. For example, you can
    take a 50 MB file, break it into 200 pieces that are 1 MB each, and then you can recover the original file from *any* 50
    of the pieces. This method has the same overhead as creating 4 complete copies of the file, yet is much more reliable
    because it's much less likely that 151 out of 200 hosts will go offline than it is that 4 out of 4 hosts will go
    offline.

    As the network grows, we will apply statistical analysis to determine the redundancy required to provide 99.9999%
    reliability on files. It is likely that 3x overhead is absurd overkill, and statistical analysis will give an accurate
    picture of how much overhead is required.

    Using 200 hosts to store a file means that downloads can be massively parallel. Even if the average Sia host does not
    have quick upload speeds, the massive parallelism enabled by Sia means that downloads will be blazing fast anyway. In
    addition, you can choose to connect only to the datacenters that are the closest and the fastest. This optimization
    (known as a CDN) is a hugely expensive project for a traditional cloud storage service, but for Sia it is a natural
    consequence of the decentralized network.

    As security is a top priority of Sia, all encryption is performed locally; the people storing your files will have no
    ability to see what you have uploaded. Not only is every file encrypted separately, every *piece* of every file is
    encrypted separately, and hosts are not told which pieces are part of the same file.


    The Cryptocurrency

    Sia uses a new cryptocurrency, called the siacoin. The developers will mine the first 100 blocks or so before releasing

    the code + miner to the public. Other than these first blocks, there is no premine for siacoins. The first block
    reward will be 300,000 siacoins. Each block reward after that will be one siacoin smaller than the previous block reward
    (299,999, then 299,998, and so on). When the block reward reaches 30,000, all remaining blocks will give a 30,000
    siacoin reward. The block time is 10 minutes. Each siacoin is composed of 10^24 indivisible units.

    The most important features of Sia can only be accessed by using siacoins. All storage contracts and all Sia payment
    channels require owning siacoins. This requirement means that as Sia grows in usage, so too will demand for siacoins.
    As demand grows, the price will increase. If Sia is being used for billions of dollars of storage, billions of dollars
    of siacoins will be required. The value of the siacoin is inextricably tied to the amount of storage in use on the Sia
    network.

    Sia has a second cryptocurrency, called the Siafund. 3.9% of all successful storage contract payouts go to the holders
    of the siafunds. There are 10,000 siafunds total, and all 10,000 are completely premined. Sia's parent company, Nebulous
    Inc., holds approximately 8750 of these siafunds. The remaining siafunds were sold in a crowdfund which helped to
    finance Sia's early development. The primary goal of siafunding is to provide a way to finance the development of Sia
    without relying on donations or a premine. More people using Sia means more funding available to hire more developers.

    Standard transactions are not subject to the fee, and neither are failed storage contracts (where the host was offline
    or lost the file).

    The Business Plan

    The long term goal of Sia is to be the backbone storage layer of the Internet. All long term storage will be performed
    on Sia. All movies and music will be streamed from Sia. All images will be embedded from Sia. All businesses will use
    Sia as a backend for cloud storage. Sia intends to replace Bittorrent, Amazon S3, Amazon Glacier, Microsoft OneDrive,
    and all backend cloud storage services. We intend to fully disrupt a many billion dollar industry.

    Sia is meant to be a Platform that other applications can build off of. The beta has a first draft API for developers to
    use, found here.

    Over the next few months, we are focusing on building out the api and creating an example application that replaces
    Bittorrent. If you have ideas for things that you want to build which will use Sia, please get in touch with us. Sia is
    completely open source, and you can use the API without getting explicit permission or paying any royalties or licensing
    fees.

    The Future

    The promise of Sia is a decentralized network of small datacenters that, taken together, comprise the world's fastest,
    cheapest, and most secure cloud storage platform. Today, being a major cloud storage player requires having datacenters,
    building trust within the market, reaching customers, and competing with giants such as Amazon, Google, and Microsoft.
    Breaking into this market is a multi-billion dollar endeavor.

    Sia changes that, by enabling small, efficient datacenters to sell their storage without market trust and without a
    marketing budget. Sia lowers the barrier to entry, and in doing so creates a wealth of cheap storage for its users.
    Anyone with an Internet connection and a cheap source of storage can make money.

    The long term goal of Sia is to become a serious competitor to existing cloud storage platforms, including Dropbox,
    Google Drive, and OneDrive. We envision a future where even massive services such as Netflix and YouTube will use Sia to
    deliver the best user experience to their customers.

    We are looking forward to the data storage revolution. Help us make it happen.



    Network Pulse

    445137

    Total File Contracts

    31

    Million SC

    Total Contract Cost

    General Statistics

    Height

    79,915

    Current Block

    000000000000036ea2c7057f5809746c785c481af0321b09fd0e46ae5d3693f6

    Total Coins

    20.78 billion siacoins

    Difficulty

    13,955 TH

    Estimated Hashrate

    21,861 GH/s

    Maturity Timestamp

    18:35, Nov 25, 2016

    Active File Contracts

    4,671

    Total File Contract Cost

    31,611,853 siacoins

    Total File Contract Size

    27.114793605658 TB

    Successful Storage Proofs

    67,726




    Download:

    Sia-UI

    For users

    Linux — 64-bit

    https://github.com/NebulousLabs/Sia-UI/releases/download/v1.0.3/Sia-UI-v1.0.3-linux-x64.zip

    macOS — 64-bit

    https://github.com/NebulousLabs/Sia-UI/releases/download/v1.0.3/Sia-UI-v1.0.3-osx-x64.zip

    Windows — 64-bit

    https://github.com/NebulousLabs/Sia-UI/releases/download/v1.0.3/Sia-UI-v1.0.3-win32-x64.zip



    Sia Daemon

    For developers

    Linux — 64-bit

    https://github.com/NebulousLabs/Sia/releases/download/v1.0.3/Sia-v1.0.3-linux-amd64.zip

    API Quickstart Guide

    macOS — 64-bit

    https://github.com/NebulousLabs/Sia/releases/download/v1.0.3/Sia-v1.0.3-darwin-amd64.zip

    API Quickstart Guide

    Windows — 64-bit

    https://github.com/NebulousLabs/Sia/releases/download/v1.0.3/Sia-v1.0.3-windows-amd64.zip

    API Quickstart Guide



    Miners

    Miner

    The official GPU miner

    https://github.com/NebulousLabs/Sia-GPU-Miner/releases/latest

    Source code on GitHub

    Alternate Miner

    A GPU miner for Sia in Go


    Source code on GitHub

    Built on Sia

    Block explorer

    Sia Blockchain Explorer

    explore.sia.tech

    Minebox

    Next generation NAS powered by Sia

    minebox.io

    Sia Cluster

    Data farm monitoring and management tool for Sia

    github.com/aspectron/sia-cluster

    Sia GNOME Shell Extension

    Sia Cloud Storage Extension for GNOME Shell

    github.com/pmknutsen/gnome-shell-sia

    Sia PULSE

    Analytics tool for Sia

    siapulse.com/

    Discover more

    Whitepaper

    http://sia.tech/faq

    Blockchain Explorer

    Download

    Roadmap

    Developer Docs

    Github - UI

    Github


    Exchange:

    Yunbi:SC/CNY

    Poloniex:SC/BTC

    HitBTC:SC/BTC

    Cryptopia:SC/BTC

    Cryptopia:SC/LTC

    Cryptopia:SC/DOGE







  • Things you can do with Sia



    Sia is fundamentally a cloud storage platform. And, when compared to other types of cloud storage, it has the following advantages:Decentralization. Only the uploader controls the files. Nobody can spy on the data, nobody can prevent you from downloading the data, and the data cannot be forcibly deleted from the network.Price advantage. Uploading to Sia is extremely cheap. As of posting, storage was approximately $2.00 / TB / Month, which can be compared to Amazon's $21 / TB / Mo. Unlike Dropbox, Sia is metered, which means you only pay for what you use. 100 GB costs $0.20 per month, and 1100 GB costs $2.20 per month, etc.Geographic diversity. When data is uploaded to Sia, it is uploaded all around the world. Outages due to DDoS attacks in North America don't affect the data, because it's also replicated in four other continents across a large number of nodes.Sia makes the most sense for write-seldom, read-often data, however it is also a good substitute for most things that you would put on Amazon Glacier or Amazon S3. Here are some examples of things that work very well for Sia:Computer snapshots. A computer snapshot often contains an enormous amount of personal information. Whether it's information about your friends, your health, your finances, or your passwords, you usually don't want corporations to have full access to your data, especially in a time when the new hot thing is to do as much data mining as possible. Sia's security can provide great peace-of-mind when backing up your computer to the cloud.A media center. While security is not as much of a concern with media, media often takes up a large amount of storage, and Sia is one of the cheapest ways to store and retrieve data online. $2 per month gets you enough to store 1000 GB of media.Research Data Warehouse. A lot of scientific research produces massive amounts of data. Whether it's genome sequencing, particle colliding, or something else, scientists are often forced to filter and discard valuable data for financial reasons. Cheaper solutions such as tape or Amazon Glacier often result in headaches and slowdowns when it's time for the data to be used. Sia as a platform is cheaper than both tape and Glacier, without needing to wait a long time to fetch the data.More creative ideas:Life recorder. A fun idea is to record your entire life through either a camera in your glasses or pocket or somewhere similar - such that your camera can see and record everything you do. This can create a mountain of data, and until the introduction of Sia this may have been intractable to store. However, storing an entire year's worth of SD video (480p, 8 hours per day) on Sia would only cost around $5 per month.Web archive. Websites disappear, comments get deleted, data gets lost. Centralized archives preserve some of this, but often take snapshots infrequently and the data is stored in centralized places. Sia could potentially be used to save frequent snapshots of your favorite websites automatically, primarily being leveraged as a cheap backup source.FUSE. FUSE would allow all data added to, removed from, or altered within a directory to be added to Sia with no further interaction from the user. Sia does not handle tiny files very well yet, so you would not want to run your entire computer out of Sia, however a FUSE implementation would be a great catch-all for all sorts of data, including programs, games, and web-downloads.Blockchain database. It is possible to use Sia as storage for a blockchain. The Bitcoin blockchain currently stands at close to 100 GB, which can be a burden on your local machine but is very small compared to the scales of typical cloud storage. The raw blockchain data doesn't change, which makes it a great candidate for storage on Sia, and would be an excellent way to reduce the burden of running a full node without reducing the amount of security.



  • Sia v1.0.4 and v1.0.4-LTS Released


    • andard Release: https://sia.tech/appsLTS Release: https://sia.tech/ltsToday we are releasing v1.0.4, which is very similar to v1.0.3 except with a few bug fixes. The graphical client has some upgrades that allow you to more easily see file redundancy, move files around, and more gracefully upload and download entire folders.More significant is the introduction of our LTS releases. The LTS releases are slower to adopt features, which generally means more stability. Our next series of releases will be featuring major changes to the host, the wallet, and the renter. While we will be testing our new releases as much as possible, with changes this large bugs in production are inevitable.The LTS releases are primarily targeted at companies, exchanges, and services which rely heavily on Sia's stability. LTS releases will only upgrade to other LTS releases, and LTS releases will not include upgrades such as instant-wallet-unlocking until we are confident that no new bugs have been introduced.For most users, we recommend using our non-LTS releases, as LTS is over-cautious. We test every release, and we have lots of safety features to protect funds or data from being lost. LTS is primarily for users who will experience great disruption even if there are only minor bugs. 1

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