Sia Coin Updated details



  • Siacoin Introducing S3-style file sharing for Sia through the new Minio integration

    We launched Sia Bounties two weeks ago with a bounty for a Sia + Minio integration, and received an overwhelmingly positive response! David Gore (user dvstate) quickly submitted a high-quality integration only two days later, and has been working diligently with several testers from the Sia community to refine and improve the Minio integration. Today we are thrilled to announce that the integration is ready for wider use, and it brings some very exciting new file sharing features to Sia!

    Minio is a distributed object storage server, which allows users to connect to any data source (like S3, Azure, GCP), create buckets for file storage, and then share URLs to the files. It also provides an external S3-compatible API.

    With the Sia integration, Minio users can now store their files on the Sia network for a fraction of Amazon’s price.

    dvstate/minio
    minio - Minio is an open source object storage server compatible with Amazon S3 APIs

    github.com


    Here’s how the integration works. First, on Sia, the user deposits Siacoin and creates an allowance for storage on the network. Then, on Minio server, the user launches the Sia gateway, creates buckets, and starts uploading files.

    Uploaded files are first stored locally on the Minio server, and then uploaded to Sia. The upload is marked as complete once the file reaches 1x redundancy on Sia. From there, Sia will naturally boost the redundancy to 3x, storing the data across 30 hosts all over the world.

    When downloading data, the files are first downloaded from the Sia network to the Minio server, and then downloaded from the server to the user. Minio server caches the file for quick downloading. As the cache fills up, it will automatically delete the oldest files. This ensures that popular, frequently downloaded files will be fast, while less frequently accessed files will have a slight delay.

    Here’s a great example. We created a public bucket in a Minio server (thanks Luxor for hosting!) called “public” and added some files. You can view through the Minio web interface: http://minio.luxor.tech/minio/public/ or you can download or embed the files directly from a URL. Everything is being stored on the Sia backend:

    Obelisk Chip: http://minio.luxor.tech/public/obelisk_chip.png Sia+Minio: http://minio.luxor.tech/public/Sia_Minio_Bounty_03.png David’s Talk: http://minio.luxor.tech/public/David_Sia_Presentation.mp4 Sia v1.3.0: http://minio.luxor.tech/public/Sia 1.3.0 all platforms.zip Sia V1.3.0 UI: http://minio.luxor.tech/public/SIa-UI 1.3.0 all platforms.zip

    This means that, with the Sia + Minio integration, users can start using Sia for file sharing today!

    We are thrilled with the success of this first bounty, and are looking forward to launching the next bounty in a couple weeks. Congratulations to David Gore for winning the 300,000 SC reward!

    For questions related to the Sia + Minio integration, please join the #bounties channel on our Slack or post issues to David Gore’s Github repository at https://github.com/dvstate/minio. More detailed instructions for getting set up are available on the repo.



  • Siacoin May to Aug  Update (Development, Team, Bounty Community & more) 

    It’s August, so this means it’s time for our second triannual update! We published the first update in April, and are excited to continue this new tradition. This post is long, but read on if you want to understand Sia’s amazing progress over the last four months and our goals for this year.

    We also realize that there’s a lot of uncertainty in the air, and we hope this post helps reassure our community. We’ve seen unprecedented community growth in the past few months, and we so much appreciate all your support and excitement for our product and our vision. So far, we’ve built a truly-decentralized, functional cloud storage network that allows users to upload files, hosts to sell storage space, and miners to generate Siacoin. We are one of the only projects in the blockchain space with a working product. We are committed to building Sia into a true Amazon S3 competitor, and ultimately into the storage layer for the entire internet.

    We are committed to building Sia into a true Amazon S3 competitor, and ultimately into the storage layer for the entire internet.

    Our Vision

    At Sia, we believe in decentralization. We believe that your data should be fully private and in your control. We believe that everyone in the world should have equal access to affordable data storage, and should be able to tap into that storage layer without any centralized party getting in the way.

    We want to liberate the unused storage space of the world and unite it into a worldwide free market for data storage. This means that, rather than data being stored in giant data centers controlled by Amazon, Google, Microsoft, and others, it will be stored across thousands of Sia nodes — both large and small — throughout the globe.

    Moreover, we want to produce an enterprise-grade platform. We do notonly want to empower individual users; we want to also empower companies like Dropbox, Netflix, Slack, and so many others to store their data securely and for a fraction of existing prices with Sia.

    We do not only want to empower individual users; we want to also empower companies like Dropbox, Netflix, Slack, and so many others

    We’ve come a long way in the last three years. Today you can download Sia and securely upload files to a large network of several hundred hosts. You can sell your unused storage space and receive Siacoin, or you can hook up your GPUs (and soon your Obelisk ASIC miners) and mine Siacoin.

    But, of course, we have a long way to go. On our roadmap you’ll find file sharing, video streaming, and other features that are necessary to compete with Amazon. We are confident we will deliver on these features, and more, and build Sia into the storage layer of the internet. And we have an amazing head start — we are years ahead of everyone else in the space.

    Siacoin

    We want to reassure the community that, contrary to some recent speculation, we very much care about the price of Siacoin. We know that a higher coin price means more credibility for the project and a more excited, engaged community. We also know that many of you have purchased Siacoin, at many different entry prices, hoping to make a significant return. Thank you so much for putting your faith in our team.

    The recent Boston Globe articlediscussed the challenges of building an enterprise-grade cloud storage network with a fluctuating Siacoin price. We were excited to be featured on the homepage of the Business section, but some of the quotes were not provided with sufficient context. The Siacoin price is very important to us. As a company, we do not spend our efforts trying to pump the coin price with paid advertising, exaggerated claims, or impossible forward-looking statements. Instead we spend the vast majority of our efforts on software development, building our decentralized cloud storage network. This will naturally increase the coin’s value in a far more sustainable way.

    Instead we spend the vast majority of our efforts on software development, building our decentralized cloud storage network.

    Since the end of April, Siacoin has massively increased from a market cap of $30 million, to a high of $600 million, to about $250 million at the time of writing. These kinds of rises and falls are pretty standard in crypto, and we are excited to see such large gains for Siacoin in such a short period of time.

    We are fully committed to seeing Siacoin in the top ten cryptocurrencies. We believe that we should be in the top ten, as we have one of the most ambitious visions, one of the best development teams, and one of the only working products in the entire crypto space. We will get there by building an incredible product surrounded by a strong organization. We are in this for the long-term.

    Development

    We released version 1.3.0 Capricorn in July. The update was packed with features, but remote file repair is the most important.

    If a host goes offline or loses user data, the Sia software quickly selects a new host and uploads the necessary encrypted chunks of files. Before v1.3.0, users had to store local copies of all uploaded files in order to perform this repair process. This meant that Sia could not be used for backup or archival purposes, as all uploaded data must also remain on users’ computers.

    But now, with remote file repair in v1.3.0, users can delete the data locally after uploading to Sia.

    But now, with remote file repair in v1.3.0, users can delete the data locally after uploading to Sia. The data will live on the Sia nodes, and bad hosts can be replaced automatically without having to retain local copies of user data. This means that, with v1.3.0, Sia is finally ready for archives and backups, and is a large step closer to being an Amazon S3 replacement.

    v1.3.0 Capricorn was released in July

    v1.3.0 also included important network scalability fixes to address some growing pains caused by a huge increase in transaction volume. And now users can run the same Sia wallet on multiple computers, download the blockchain twice as fast, and enjoy a less buggy and more stable experience.

    Team

    Since our last triannual update, I dropped out of Harvard Business School to join Sia as VP of Operations. We also hired Marcin, an MIT student and their Bitcoin Club President, as Software Engineering Intern. And we are thrilled to announce that, this week, Steve is joining the team, and Chris will soon be joining as well.

    Steve is joining us as Community Manager. He’s worked in training and support for both Apple and Comcast, and has grown his own Youtube gamingchannel to over 100,000 subscribers. Steve will be working hard to improve the experience across all our social channels, with a focus on moderation and tech support.

    Chris is a longtime Sia contributor, and he will soon be joining us as a Core Developer. He’s worked on the wallet and host reliability scoring, and is currently working on host scalability, automatic host pricing, and further reduced blockchain sync time.

    Here is an updated list of the Sia team:

    • David Vorick: Cofounder, CEO, Core Developer
    • Luke Champine: Cofounder, President, Core Developer
    • Ava Howell: Core Developer
    • Chris Schinnerl: Core Developer
    • Marcin Jachymiak: Software Engineering Intern
    • Zach Herbert: VP of Operations
    • Steve Funk: Community Manager

    Funding

    To date, Nebulous (Sia’s parent company) has raised $1.65 million from a combination of venture capital, angel investors, and grants, initially incubated by Jim Pallotta’s Raptor Capital. We were thrilled to receive a $400,000grant from INBlockchain in July to further support Sia’s growth. This grant came with no strings attached — Li Xiaolai, INBlockchain’s founder, is a Siacoin holder and angel investor in Nebulous.

    Additionally, our Obelisk presale has so far brought in almost $4 million of revenue. While this is being used to fund the design of 28nm ASICs for Siacoin and the production of mining hardware, profits from Obelisk will help further fund Sia’s growth and development.

    In the last three years, we’ve shown that we can do a lot with limited funds.

    In the last three years, we’ve shown that we can do a lot with limited funds. We’ve delivered the only truly-decentralized cloud storage product on the market, with our own proof-of-work blockchain. We’ve been very effective at deploying our capital, and have so far chosen to allocate the majority to software development.

    We plan to seek new funding in the near future in order to further accelerate our growth. These funds will continue to fuel our software development, but they will also be allocated to design, branding, marketing, sales, and PR. We’re confident that we can continue to effectively deploy our capital and stay far ahead of any other players in the decentralized storage space.

    Design

    For Obelisk, we placed a strong emphasis on design, working with talented designers to create a new brand and a new website. We will be turning this design focus to Sia-UI, Sia Explorer, and the Sia website. By the end of 2017, every existing Sia product and service will see a substantial design overhaul.

    By the end of 2017, every existing Sia product and service will see a substantial design overhaul.

    This will make our software more professional, more elegant, and far easier to use. Stay tuned!

    Community

    Our community has grown at crazy rates since April! Slack has grown from 2000 members to 8000, Twitter from 6000 followers to 23,000, and Reddit from 4000 subscribers to 13,000. We could not be more excited by the growth, and are looking forward to welcoming even more members to our community in the coming months.

    As mentioned above, we’ve hired Steve as our Community Manager. He will help us support and grow the community, and will have a strong presence across all our channels.

    We are migrating from Slack to Discord in the next couple weeks

    We also have some big news! We will be moving from Slack to Discord in the coming weeks. Slack is built for company teams, and is lacking in capabilities and moderation tools. It is just not built for huge online communities — and with over 8000 members, we definitely qualify as huge!

    We will be moving from Slack to Discord in the coming weeks.

    Discord, on the other hand, is built for communities like ours. It includes complete message histories, member roles, moderation tools, voice chat, and many other fantastic features.

    More details on the move will be posted on the blog soon! We hope you are as excited as we are.

    Contributors

    Our contributors are crucial to Sia’s success. In the last release, we credited fourteen individuals for making substantial contributions. We also have a group of users currently working to build mining pool support directly into Sia’s core software.

    Additionally, we have many community members building apps and hardware on top of Sia. Some dedicated users formed a new company, called Luxor, that is building an overhauled explorer, mining pool, and lite wallet. Minebox sold out its hardware presale. SiaDrive brings dropbox-style features, SiaBerryOSbrings Sia to the Rasperry Pi, SiaHubhas introduced an explorer, and the Wikihas grown substantially.

    Many of our members have also contributed through moderating our fast-growing communities. We have an amazing group of Reddit mods, Slack admins, and Forum mods. And many others have developed apps, written user guides, helped answer support questions, and much more.

    To all our contributors — thank you so much for helping grow and improve the Sia experience!

    Bounties

    We launched Sia Bounties last month to great success! Our first bounty was for a Minio integration for 300,000 SC, and it was completed in just days by David Gore (user dvstate).

    You can learn more about the bountyhereMinio is a distributed object storage server, which allows users to connect to any data source (like S3, Azure, GCP), create buckets for file storage, and then share URLs to the files. It also provides an external S3-compatible API.

    Minio’s web interface using Sia as backend storage

    Minio has agreed to merge the integration into their upstream code, which means that the standard Minio version will come out-of-the-box with Sia support! Anyone who is currently using S3 can try out Minio, and experiment with replacing their backend storage with Sia today.

    Minio has agreed to merge the integration into their upstream code, which means that the standard Minio version will come out-of-the-box with Sia support!

    We will be announcing our second bounty this week to add Sia support for a backup-related application. Stay tuned.

    Network Stats

    We’ve seen excellent network growth over the last four months. Since April, we doubled the amount of file contracts from 100 TB to 200 TB. We tripled the storage capacity, from 1 PB to 3.3 PB. And the number of active hosts has increased almost 5x from 145 to 700.

    Total contract size was about 100 TB in April, and now it is about 200 TB in August

    We only released v1.3.0 a few weeks ago, and we expect that the amount of data stored will continue to increase at a rapid pace. By the end of the year, we are confident that we will see even larger increases in these stats.

    Obelisk

    We launched Obelisk, a subsidiary that is producing ASIC miners for Siacoin, in late June to much excitement — and to some controversy. ASIC miners do not have the best reputation, but Obelisk is a very important component of the Sia mission. I’ll summarize below, but you can read in much further detail on ourblog post.

    Security: The vast majority of cryptocurrencies today rely on GPU mining. This means that they are more vulnerable to attack, as there are countless numbers of GPUs in existence: in large Ethereum mining pools, corporate settings, government facilities, and more. With ASICs, in order to attack the Sia network, a malicious actor would have to buy or manufacture massive amounts of specialized hardware. ASICs make Sia far more secure. Incentives: With GPU mining today, mining pools automatically switch to the most profitable coin. If a coin price decreases, large amounts of hashrate will switch over to a more profitable coin. This is convenient for miners, but very bad for network security and aligning incentives. With ASICs, miners have skin in the game — they can only mine Siacoin with their Obelisk hardware, so they are far more invested in Sia’s success. Decentralization: At some point in the future, an individual or organization would have designed and manufactured ASICs for Siacoin. By being the first to do so, we can ensure that miners are widely distributed in a decentralized way by limiting the amount of hashrate we sell to a single party. Our mission is to build an enterprise-grade storage layer for the entire internet. In order to accomplish that, network security, incentives, and decentralization are crucial. That’s why Obelisk is so important to our mission. Network security, incentives, and decentralization are crucial. That’s why Obelisk is so important to our mission.So far, the presale has been very successful! We’ve received preorders for about 1500 units, which has brought in almost $4 million of revenue. The sale is capped at 4000 units, but we will be shipping by June 2018 even if we do not hit the cap. The project is proceeding on-schedule, and we are looking forward to sharing the final chip specs in the next few weeks. What’s Next These are very exciting times for the Sia community. In the product roadmap, the most desired upcoming feature is file sharing between Sia users. This will help make Sia far more useful, and will create stronger network effects that will further increase our rate of growth. The roadmap further includes a ton of upgrades and improvements. We also look forward to a larger community, Obelisk hardware designs and prototypes, exciting Sia integrations, and a redesigned Sia-UI and website. And we will raise more funding, which will allow us to expand the team and spend more on design, branding, marketing, sales, and PR. Thank you for reading the update, and thank you for joining us on our journey to transform cloud storage. We had an incredible four months, and we are so much looking forward to the next four! – Team Sia



  • Siacoin - Community Update Bounties, Siaberry, Triannual Update & More







    Summer is drawing down and Fall is closing in. In case you missed the Triannual Update or didn’t catch me in Discord — I’m Steve, the new Community Manager for Sia. I’ll use this space to get everyone up to speed on new Sia community developments, highlight stand-out projects from our users, and share my thoughts on what’s next for us.

    We care about you and what you have to say. We care about making a product that changes the face (or at least foundation) of storage. Those two things are inextricably linked. That’s what we try to keep in mind each day.

    Anyway, on with the show.

    Discord

    One of the fastest growing communities in the crypto space

    Many of you are well aware that we’ve moved our community’s central base of operations to Discord, so I won’t drag this topic out too far. What’s worth mentioning though is how smooth the experience has been for our users. With over 3,000 members joined and a channel selection bot developed by community members @Aleks, @eddiewang, and @rudi, the Sia Discord server is a great place to call home.

    We have channels dedicated to Spanish, French, Russian, and German speakers (ask a mod to join), channels for discussing renting and hosting, and many others. We have the all important #help channel, the best place to get your questions answered.

    Discord will grow with us, and become better with us. It’s equipped to handle the needs of one of the fastest growing communities in the crypto space.

    Join Discord now.

    Class is in session

    Nebulous/Sia CEO David Vorick led a nearly six hour long discussion in Discord regarding Sia development, blockchain design, and industry issues. Users were welcome to submit questions and join in on the conversation, and we’ll soon have a link to the full archive on our website.

    David also did a user Q and A with The Next Web recently. They were gracious hosts, turnout was great, and you can read it all here.

    Sia Bounties

    Sia Bounties allow us to reward our contributors for building integrations between Sia and popular apps and platforms. Our second bounty was for Duplicati integration and was completed in two days by user @fuffenz. Duplicati has gone on to merge the code, and we hope the functionality will be available soon.

    View the initial Bounty post here.

    Contributor Spotlight

    Good companies attract great users. Great users make the companies they care about better. Sia delivers an amazing service that has brought some of the best users in the blockchain space to our community, and we want to highlight their creative work that has turned Sia into more than it was before. We’ll start off with Siaberry.

    Siaberry allows you to run a Linux-based Sia hosting and renting platform built on Rasberry Pi 3. Developed by user @kete, Siaberry is one of the cheapest ways to get a Sia rig up and running. In Discord, ask a moderator to add you to #siaberry to join the discussion and get links to the necessary equipment!

    Learn more about Siaberry here.

    Obelisk

    Obelisk is the first ASIC miner for Sia, built to strengthen and secure the best decentralized storage platform available.

    We know you want Obelisk updates. A proper update email will be sent to those who have already pre-ordered soon. Expect good things!

    If you haven’t pre-ordered yet, here’s the place to do it.

    Let’s…

    In closing, I want to get your feedback. Open lines of communication are crucial to maintaining the kind of positive relationship that has brought you all here. I’ve got a short survey that I’d love for you to fill out.

    Take the survey.

    Feel free to contact me anytime via the info below. I’ll respond whenever I’m not changing diapers or making sure my dog doesn’t eat another entire stick of butter.

    Steve

    [email protected]
    @steve on Discord



  • Siacoin - Community Update Bounties,Obelisk,Siaberry & More









    Summer is drawing down, and Fall is closing in. In case you missed the Triannual Update or didn’t catch me in Discord — I’m Steve, the new Community Manager for Sia. I’ll use this space to get everyone up to speed on new Sia community developments, highlight stand-out projects from our users, and share my thoughts on what’s next for us.

    We care about you and what you have to say. We care about making a product that changes the face (or at least foundation) of storage. Those two things are inextricably linked. That’s what we try to keep in mind each day.

    Anyway, on with the show.

    Discord

    One of the fastest growing communities in the crypto space

    Many of you are well aware that we’ve moved our community’s central base of operations to Discord, so I won’t drag this topic out too far. What’s worth mentioning though is how smooth the experience has been for our users. With almost 4,000 members and a channel selection bot developed by community members @Aleks, @eddiewang, and @rudi, the Sia Discord server is a great place to call home.

    We have channels dedicated to Spanish, French, Russian, and German speakers (ask a mod to join), channels for discussing renting and hosting, and many others. We have the all important #help channel, the best place to get your questions answered.

    Discord will grow with us, and become better with us. It’s equipped to handle the needs of one of the fastest growing communities in the crypto space.

    Join Discord now.

    Class is in session

    Nebulous/Sia CEO David Vorick led a nearly six hour long discussion in Discord regarding Sia development, blockchain design, and industry issues. Users were welcome to submit questions and join in on the conversation, and we’ll soon have a link to the full archive on our website.

    David also did a user Q and A with The Next Web recently. They were gracious hosts, turnout was great, and you can read it all here.

    Sia Bounties

    Sia Bounties allow us to reward our contributors for building integrations between Sia and popular apps and platforms. Our second bounty was for a Duplicati integration and was completed in two days by user @fuffenz. Duplicati has gone on to merge the code, and it is currently available here for testing. We hope the finished integration will be available soon.

    View the initial Bounty post here.

    Contributor Spotlight

    Good companies attract great users. Great users make the companies they care about better. Sia delivers an amazing service that has brought some of the best users in the blockchain space to our community, and we want to highlight their creative work that has turned Sia into more than it was before. We’ll start off with Siaberry.

    Siaberry allows you to run a Linux-based Sia hosting and renting platform built on Rasberry Pi 3. Developed by user @kete, Siaberry is one of the cheapest ways to get a Sia rig up and running. In Discord, ask a moderator to add you to #siaberry to join the discussion and get links to the necessary equipment!

    Learn more about Siaberry here.

    Obelisk

    Obelisk is the first ASIC miner for Sia, built to strengthen and secure the best decentralized storage platform available.

    We know you want Obelisk updates. A proper update email will be sent to those who have already pre-ordered soon in the next couple weeks. Expect good things!

    If you haven’t pre-ordered yet, here’s the place to do it.

    Let’s…

    In closing, I want to get your feedback. Open lines of communication are crucial to maintaining the kind of positive relationship that has brought you all here. I’ve got a short survey that I’d love for you to fill out.

    Take the survey.

    Feel free to contact me anytime via the info below. I’ll respond whenever I’m not changing diapers or making sure my dog doesn’t eat another entire stick of butter.

    Steve

    [email protected]
    @steve on Discord



  • PSA: Regarding Siacoin on Exchanges

    Historically, we have seen that storing any tokens on an exchange can be risky. We wanted to provide an update on recent actions taken by two exchanges that currently support Siacoin, and what precautions you should take.

    Yunbi

    What’s happening

    Yunbi has announced they will stop all trading permanently on September 20th due to recent Chinese government enforcement of regulations. It’s unclear at this time if Yunbi will remain open for withdrawals beyond this date.

    Edit 9/19/17: Yunbi has already begun removal of their trading platform, but claim that withdrawals will continue. https://yunbi.zendesk.com/hc/en-us/articles/115000108681

    What you should do

    To be safe, we recommend moving any Siacoin stored on Yunbi off of the exchange as soon as possible.

    Source

    Closing Exchange Business Announcement
    Dear YUNBI Users, After carefully considering the announcement published by PBoC on September 4, YUNBI made the serious…yunbi.zendesk.com

    Cryptopia

    What’s happening

    Cryptopia is de-listing Siacoin on September 24th due to “ongoing transaction issues”. Cryptopia has not reached out to Sia for help with this unspecified issue. We suspect it is something quite manageable, as other exchanges are processing Siacoin transactions without issue.

    What you should do

    Follow their guidance to “please close all open orders and withdraw your coins before 24/09/2017”.

    Source

    https://www.cryptopia.co.nz/Exchange/?market=SC_BTC

    The wrap up

    We take your security and that of your tokens very seriously, and you should too. Take the time and do the research to ensure that your tokens — of any kind — are as safe as they can be. Good practice dictates that you do not use exchanges as a long term storage solution. I’ll update this space as new info becomes available.

    The best place to store your Siacoin is Sia-UI, our official app/wallet: http://sia.tech/apps/

    Reach out anytime with questions.

    Steve

    [email protected]
    @steve on Discord


  • Siacoin - Reminder: Upcoming Sia Hardfork

    As most of you know, we sent out a quick reminder of the upcoming Sia hardfork on Saturday. We put together this blog post to clear up any confusion and answer some frequently asked questions. If you have any further questions, let us know on Discord.

    The hardfork is expected to take place on December 6.

    https://twitter.com/SiaTechHQ

    Why does Sia require a hardfork?

    Sia, like many other tokens, uses a PoW (Proof-of-Work) algorithm to secure the network and to prevent double spending. PoW requires a DAA (Difficulty Adjustment Algorithm) to adjust the mining difficulty on a regular basis to ensure that blocks are mined every 10 minutes on average. This is especially important for Sia since file contracts use the blockheight as a measure of time.

    While Sia’s DAA has done a good job so far, it’s not without its flaws. Currently this is not a problem, but it might become a threat to the network’s security once ASICs are released, causing an enormous spike in hashrate. For that reason, we introduced a new DAA in Sia v1.3.0 which is triggered at block 135,000. The new DAA adjusts the difficulty every block and will be able to keep the network stable during sudden spikes in hashrate.

    Frequently asked question

    Were there any other changes? e.g. block reward or number of Siacoins/Siafunds?

    No, only the DAA was upgraded. We didn’t change any other consensus rules, move tokens, change the amount of tokens, change the inflation rate of the tokens or create or redistribute Siafunds. This means absolutely nothing changed except for the DAA.

    Will there be a new token? Do my coins double like in the Bitcoin or Ethereum hardforks?

    No, there won’t be a new token.

    Chain splits only take place during contentious hardforks. This hardfork is not contentious in nature.

    When does the hardfork trigger?

    The hardfork triggers at block 135,000 which is estimated to be mined on Wednesday the 6th of December.

    What does that mean for existing Siacoin holders? What do I need to do?

    If you are holding the coins in the Sia-UI wallet, we recommend updating to the latest version before the hardfork. If you have all your coins in a paper wallet or on exchanges, you don’t need to do anything.

    How do I update Sia-UI?

    Just download the latest version from our website and follow the guide on our wiki.

    What happens if I can’t update in time?

    Don’t worry. Just update Sia to the latest version.

    Will my coins cease to exist? Will I lose coins?

    No, update your wallet and you will still have all your coins on the new chain.

    Does the new DAA increase difficulty?

    Not right away. The difficulty will stay the same for now. It will only increase if the network hashrate increases.

    Is GPU mining still possible?

    Yes, GPU mining is still possible, but will probably not be profitable anymore once ASICs start mining.



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