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faq [2017/08/23 18:41]
RBZL Title formatting consistency, clarification
faq [2020/05/16 00:26] (current)
Alejandro Prats [How do I download Sia?]
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-===== Siacoin'Business Concept =====+====== Frequently Asked Questions ====== 
 + 
 +Here, you'll find questions that we see a lot from new users. It'a great place to start! 
 + 
 +===== About Sia/Siacoin ===== 
 + 
 +==== What is Sia? ==== 
 + 
 +Sia, in a nutshell, is the concept for a new way to store data "in the cloud". It takes advantage of users all over the world with spare hard drive space who wish to rent it out in order to create a huge, decentralized platform for distributed cloud storage. Data is broken into pieces, encrypted, and distributed to many hosts in order to maintain security and redundancy. 
 + 
 +Sia aims to compete with (or totally replace) conventional cloud storage platforms like Amazon S3. 
 + 
 +==== What is Siacoin? ==== 
 + 
 +Siacoin is the cryptocurrency of the Sia platform.  It is the coin that is intended to be used for renting and hosting cloud storage on the Sia Cloud Network.
  
 ==== Who are Sia's developers? ==== ==== Who are Sia's developers? ====
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   * Zach Herbert: VP of Operations   * Zach Herbert: VP of Operations
   * Steve Funk: Community Manager   * Steve Funk: Community Manager
-==== What is Sia's business strategy for breaking into the data storage space? What is its end goal? ====+ 
 +See also: [[development:nebulous_inc|Nebulous Inc.]] 
 +==== What is Sia's business strategy for breaking into the data storage space? What is the end goal? ==== 
 From Core Developer and CEO David Vorick ([[https://www.reddit.com/r/siacoin/comments/6tmx0r/why_is_sia_important/|here]]): From Core Developer and CEO David Vorick ([[https://www.reddit.com/r/siacoin/comments/6tmx0r/why_is_sia_important/|here]]):
  
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 > //Sia changes that equation. Sia allows people to use the cloud without giving up control. This is a feature that resonates deeply with IT admins. The majority of IT admins will agree that they don't like using the Cloud, and that they would rather use another option if they could, except that the cloud offers so many advantages that they are willing to accept the loss of control of their data. Sia changes this equation. IT admins can have all the benefits of the cloud, without giving up control. It's a big step forward, and it's the core reason for blockchains existing in the first place.// > //Sia changes that equation. Sia allows people to use the cloud without giving up control. This is a feature that resonates deeply with IT admins. The majority of IT admins will agree that they don't like using the Cloud, and that they would rather use another option if they could, except that the cloud offers so many advantages that they are willing to accept the loss of control of their data. Sia changes this equation. IT admins can have all the benefits of the cloud, without giving up control. It's a big step forward, and it's the core reason for blockchains existing in the first place.//
  
-> //The advantages don't stop there. Sia is cheaper, faster, more reliable, more secure, and has better uptime than the traditional cloud. The software today is not fully able to realize these benefits, but that's no fault of the protocol. The protocol itself is the foundation for a superior cloud platform, even if you don't care about trust. Sia is a full fledged CDN, with storage points in over 50 countries and on all 6 continents. Amazon can't claim numbers like those. Sia has hosts within 50 milliseconds of every major city in the world. Amazon can't claim that either. If you want low-latency storage to every city in the world (useful if you are YouTubeNetflixImgur, etc.), Sia is the best technology to use. The world's leading CDN (Akamai) charges >$50/TB. Sia charges $0.50, and that's a sustainable price.// +==== What are the differences among Sia and other decentralized storage solution providers such as StorjMaidsafeFilecoin, etc? ====
-==== What is Siacoin? ====+
  
-Siacoin is the crypto-currency of the Sia platform.  It is the coin that is intended to be used for renting and hosting cloud storage on the Sia Cloud Network.+==== Is Sia competitive with existing enterprise solutions in terms of electricity and bandwidth? ====
  
-==== Will I make money from hosting? ====+From Core Developer and CEO David Vorick ([[https://www.reddit.com/r/siacoin/comments/6tmx0r/why_is_sia_important/|here]]):
  
-Not very muchIt'very much buyer's market at the momentCheck out the "Host Earnings" estimator at [[http://siapulse.com/page/tools|SiaPulse]] to get an estimate of your earnings from hosting.+> //Sia is cheaper, faster, more reliable, more secure, and has better uptime than the traditional cloudThe software today is not fully able to realize these benefits, but that'no fault of the protocol. The protocol itself is the foundation for superior cloud platform, even if you don't care about trust. Sia is a full fledged CDN, with storage points in over 50 countries and on all 6 continents. Amazon can't claim numbers like those. Sia has hosts within 50 milliseconds of every major city in the worldAmazon can't claim that either. If you want low-latency storage to every city in the world (useful if you are YouTube, Netflix, Imgur, etc.), Sia is the best technology to use. The world's leading CDN (Akamai) charges >$50/TB. Sia charges $0.50, and that's a sustainable price.//
  
-==== Why does Sia-UI show a new wallet address every time I click "Receive Siacoins?==== +==== Will Sia comply with existing data storage regulations (PCI, HIPAA, etc), both in the U.S. and around the world? ====
  
-This is normal. Every time you click "Receive Siacoins,Sia generates a new wallet address, but you will still receive payments sent to any of your previously generated addresses.+In generalthe layers built on top of Sia that involve storage of this type of data will be the entities responsible for ensuring compliance
  
-If you want to see a full list of your wallet addressesgo to the “Terminal” view and type <code>wallet addresses</code>+HIPAA, for example, does not "certify" cloud storage providers. Instead, it provides a comprehensive [[https://www.hhs.gov/hipaa/for-professionals/compliance-enforcement/audit/protocol/index.html|audit protocol]] for use in ensuring compliance. Many items in the audit protocol are in no way relevant or applicable to Sia as a standalone data storage solution; they would be applicable to whatever application utilized Sia to store data and ultimately control access to that information. 
 +==== What are some of the new features coming to Sia? ====  
 + 
 +You can see currently planned features in the [[https://trello.com/b/Io1dDyuI/sia-public-roadmap|Sia Public Roadmap]]. Updates are also posted every quarter or so to the [[https://blog.sia.tech/|Sia Blog]]. 
 +==== What can I do to help with Sia's development effort? ==== 
 + 
 +You can contribute in many ways. See the [[development:contributing|Contribute to Development of Sia]] page. 
 + 
 + 
 + 
 +===== Getting Started ===== 
 + 
 +==== How do I download Sia? ==== 
 + 
 +Download the official current Sia apps from the [[https://sia.tech/get-started|official site]], or from the [[https://github.com/NebulousLabs/Sia-UI/releases|official Github Sia-UI releases]]. 
 + 
 +Also as you can see in the invite in this link you can join Discord, and keep updated in the channel #anouncements if you want to know cool explanations with tips about the upcoming updates. 
 +[[https://blog.sia.tech/sia-is-moving-from-slack-to-discord-195f87feb6a6|Siacoin moves to discord]] 
 + 
 +==== Where can I buy Siacoins? ==== 
 + 
 +Siacoins are available on cryptocurrency exchanges such as: 
 + 
 +  * [[https://www.binance.com/en/trade/pro/SC_BTC|Binance SC-BTC]] 
 +  * [[https://www.binance.com/en/trade/pro/SC_BNB|Binance SC-BNB]] 
 +  * [[https://www.binance.com/en/trade/pro/SC_ETH|Binance SC-ETH]] 
 +  * [[https://bittrex.com/Market/Index?MarketName=BTC-SC|Bittrex]] 
 +  * [[https://poloniex.com/exchange#btc_sc|Poloniex]] 
 +  * [[https://shapeshift.io/#/coins|ShapeShift]] 
 + 
 +Binance is by far the biggest exchange to buy Siacoin, and with enough liquidity for big projects of renting. You can buy with credit card, and also with other cryptocurrencies. If you own Binance Coin (BNB) or if you own Ethereum (ETH) You can buy Siacoins changing them with BTC, BNB and ETH. 
 +  
 +If your project needs more than 1 million of Siacoins we suggest choose BTC pairfor less than one Million, you can get them also easily with ETH or BNB 
 + 
 +Users report the fewest issues with Bittrex, though Poloniex generally has higher trade volume. To use any of these services, you need to start with another form of cryptocurrency (like Bitcoin), as there is currently no way to purchase Siacoin directly with fiat (USD, etc). 
 + 
 +If you're new to purchasing cryptocurrency, see these guides for more details: 
 + 
 +  * http://buyingsiacoin.com/ 
 +  * https://platinumwealth.co.za/forum/Thread-How-to-buy-Siacoin 
 + 
 + 
 + 
 +===== Sia Client/Wallet ===== 
 + 
 +==== Is it normal for the Sia-UI client to take a long time (sometimes days) to fully sync? ==== 
 + 
 +Initial blockchain download may take 24 hours or more. This will depend on your hardware and internet connection - 
 + blockchain synchronization is a lot faster on an SSD compared to a standard hard drive.  
 + 
 +You may download the consensus.db file from someone who has already synced it ([[daemon:bootstrapping_the_blockchain|see here for guides]]), but the recommended method is to always sync yourself.
  
 ==== Why are my wallet seed and my wallet password identical? ==== ==== Why are my wallet seed and my wallet password identical? ====
  
 This is expected behavior. Sia allows advanced users to choose a password that is distinct from their seed for added security, but by default, the seed and the password are identical. This is expected behavior. Sia allows advanced users to choose a password that is distinct from their seed for added security, but by default, the seed and the password are identical.
 +
 +==== Can I receive Siacoins while my wallet is still syncing? ====
 +
 +Yes. Once you have created a wallet and generated an address, you can start to send coins to that address. Your coins will appear in your wallet once the Sia client has fully synchronized.
 +
 +==== Why does Sia-UI show a new wallet address every time I click "Receive Siacoins?" ==== 
 +
 +This is normal. Every time you click "Receive Siacoins," Sia generates a new wallet address, but you will still receive payments sent to any of your previously generated addresses.
 +
 +If you want to see a full list of your wallet addresses, go to the “Terminal” view and type <code>wallet addresses</code>
  
 ==== Is there a mobile wallet for Sia? ==== ==== Is there a mobile wallet for Sia? ====
  
 No. But this is a planned feature in the [[https://trello.com/c/CpdMTmMK/41-support-for-mobile-wallets-and-other-lite-clients|Sia roadmap]]. No. But this is a planned feature in the [[https://trello.com/c/CpdMTmMK/41-support-for-mobile-wallets-and-other-lite-clients|Sia roadmap]].
- 
  
 ==== Is there a web wallet for Sia? ==== ==== Is there a web wallet for Sia? ====
  
-Kind of. Any cryptocurrency exchange that supports Siacoin will give you Siacoin addresses and allow you to send and receive Siacoin. This is not a *trueweb wallet in the sense that the exchange controls the private key and thus ultimately controls your Siacoin.+Kind of. Any cryptocurrency exchange that supports Siacoin will give you Siacoin addresses and allow you to send and receive Siacoin. This is not a "trueweb wallet in the sense that the exchange controls the private key and thus ultimately controls your Siacoin.
  
 ==== Is there a "lite" or offline wallet for Sia? ==== ==== Is there a "lite" or offline wallet for Sia? ====
  
-Not quite.+Not quite. A few options exist to generate a seed and addresses to receive Siacoin offline. To //send// from these addresses, you'll need to enter the seed on a Sia client that is online and has downloaded the full Sia blockchain.
  
-[[https://github.com/johnathanhowell/sia-coldstorage|sia-coldstorage]] is a tool for creating offline receiving addresses. It's not an "official" Sia tool, but it's written by one of the Sia developers. It can generate a seed and receiving addresses, but you can't sign transactions offline. To *send* from these addresses, you'll need to enter the seed on a Sia wallet that is online and has downloaded the full Sia blockchain. For pre-built Windows, Mac, and Linux packages, see the [[https://github.com/johnathanhowell/sia-coldstorage/releases|releases tab]] of the sia-coldstorage Github repo.+[[https://github.com/johnathanhowell/sia-coldstorage|sia-coldstorage]] is a tool for creating offline receiving addresses. It's not an "official" Sia tool, but it's written by one of the Sia developers. For pre-built Windows, Mac, and Linux packages, see the [[https://github.com/johnathanhowell/sia-coldstorage/releases|releases tab]] of the sia-coldstorage Github repo
 + 
 +[[https://siapaperwallet.co/|Sia Paper Wallet]] is another third-party, open source option to generate an offline wallet. 
 + 
 + 
 + 
 +===== Hosting on Sia ===== 
 + 
 +==== Will I make money from hosting? ==== 
 + 
 +Not very much. It's very much a buyer's market at the moment. Check out the "Host Earnings" estimator at [[http://siapulse.com/page/tools|SiaPulse]] to get an estimate of your earnings from hosting.
  
 ==== Can I be held liable for user's files if they store illegal content? ==== ==== Can I be held liable for user's files if they store illegal content? ====
  
-Hosts (and websites) are considered safe from user submitted content under section [[https://www.law.cornell.edu/uscode/text/17/512|512]] of the Digital Millennium Copyright Act.  Storage providers, websites and ISPs (Internet Service Providers) are considered protected under [[https://www.law.cornell.edu/uscode/text/47/230|230(c)(1)]] of the Communications Decency Act.  No cases in the US have specifically accused websites of CP and 230(c)(1) and it is considered a safe harborbut has never been tried.  If you require more specific information, we recommend you discussing this with your legal representation.  +In the United States; hosts are considered safe from user submitted content under section [[https://www.law.cornell.edu/uscode/text/17/512|512]] of the Digital Millennium Copyright Act.  Storage providers, websites and ISPs (Internet Service Providers) are considered protected under [[https://www.law.cornell.edu/uscode/text/47/230|230(c)(1)]] of the Communications Decency Act.  No cases in the US have specifically accused websites of CP.  Section 230(c)(1) is considered a "safe harborbut has never been tried in a court of law.   
 + 
 +In the European union; hosts may be protected by [[http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=CELEX:32000L0031:en:HTML|Directive 2000/31/EC]] as long as they meet certain criteria.   
 + 
 +If you require more specific information, we recommend you discussing this with your legal representation.  
  
 ==== What happens to storage contracts and the Sia network if the price of Siacoins fluctuate? ==== ==== What happens to storage contracts and the Sia network if the price of Siacoins fluctuate? ====
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 Hosts can mitigate changes in Siacoin price by adjusting their host pricing accordingly. "Automatic Host Pricing" is in the [[https://trello.com/c/D4CEryrt/2-automatic-host-pricing|Sia Roadmap]], which may help mitigate price changes in the future. Hosts can mitigate changes in Siacoin price by adjusting their host pricing accordingly. "Automatic Host Pricing" is in the [[https://trello.com/c/D4CEryrt/2-automatic-host-pricing|Sia Roadmap]], which may help mitigate price changes in the future.
-==== Can I receive Siacoins while my wallet is still syncing? ==== 
  
-Yes. Once you have created a wallet and generated an address, you can start to send coins to that address. Your coins will appear in your wallet once the Sia client has fully synchronized. 
 ==== How does Sia incentivize hosts to maintain a good uptime? ==== ==== How does Sia incentivize hosts to maintain a good uptime? ====
  
-Hosts are incentivized to maintain uptime in the scoring process.  Hosts are scored by several factors - availability being a large one of them.  If a host system goes off for hours a day, or days at a time, they are "punished" by receiving a lower score The scoring process determines how likely a host is to receive new contracts. +Hosts are incentivized to maintain a good uptime, among other host metrics, by a host scoring system. See [[host:scoring_system|Host Scoring]] for details.
-==== Is Sia competitive with existing enterprise solutions in terms of electricity and bandwidth? ====+
  
 ==== Can renters prioritize or blacklist hosts based on latency, price, uptime, region, or other parameters? ==== ==== Can renters prioritize or blacklist hosts based on latency, price, uptime, region, or other parameters? ====
  
-==== Will Sia comply with existing data storage regulations (PCIHIPAA, etc), both in the U.Sand around the world? ====+Not currentlybut this is something on the [[https://trello.com/c/6jza16c1/40-ability-to-set-price-vs-performance-preferences-including-ability-to-blacklist-or-whitelist-hosts|Sia Roadmap]] for a future release.
  
-===== Technology behind Siacoin ===== 
  
-==== What are the differences among Sia and other decentralized storage solution providers such as Storj, Maidsafe, Filecoin, etc? ==== 
  
-==== Is it normal for the Sia-UI client to take a long time (days) to fully sync? ====+===== Siacoin Mining and Obelisk =====
  
-Initial blockchain download may take up to 1 day but this will depend on your hardware and internet connection speeds.  Blockchain synchronization is a lot faster on an SSD vs HDD. +==== How can I mine Siacoins? ====
  
-You may download the consensus.db file from someone who has already synched it(e.g. [[https://consensus.siahub.info/]] ). The recommended method is, however, to always sync yourself.+If you're not familiar with crypto miningfirst visit a site like [[https://www.bitcoinmining.com/|Bitcoin Mining]] and read through the information provided there. The basics apply to other coins like Siacoin.
  
-==== What are some of the new features coming to Sia? ==== +Siacoins is only profitable to be mined with ASICs since the introduction of ASICs to the network. If you have an ASIC and are looking for a pool to mine, you can visit [[mining:pools|here]].
  
-==== What can do to help with Sia's development effort? ====+==== Will make money from mining Siacoins? ====
  
-===== Siacoin Mining and Obelisk ===== +Possibly! Depending on your electricity costs, your GPU, and the market price of Siacoin, mining can be quite profitable. Check out the "Mining Earnings" calculator on [[http://siapulse.com/page/tools|SiaPulse]] to get an estimate of your earnings from mining.
- +
-==== How can I mine Siacoins? ====+
  
 ==== What is Obelisk? ==== ==== What is Obelisk? ====
  
-==== When will Obelisk ship? ====+The Obelisk is an ASIC miner in development for Sia. See the [[development:obelisk|Obelisk]] page for more information.
  
-  * On 6/30/2017, [[https://www.reddit.com/r/siacoin/comments/6k3gnj/obelisk_presale_is_live/djlzhd2/|David Vorick stated on Reddit]] that an optimistic date for Obelisk to ship is February 2018, and a pessimistic date being June 2018. The shipdate window will become more clear as the Nebulous Labs team provides updates regarding the Obelisk development process. 
  
-==== Will the Obelisk create a glut of Siacoins on the market due to the additional hashrate? ==== 
  
-  * It will not. The difficulty of mining Siacoin blocks will adjust accordingly with the hashrate, and difficulty will increase as the Obelisk ASICs become operational.+===== Trading and Cryptocurrency Exchanges =====
  
-==== Will I make money from mining? ====+==== When will Siacoin reach 10 cents per coin? What about a dollar per coin? ====
  
-Possibly! Depending on your electricity costs, your GPU, and the market price of Siacoin, mining can be quite profitable. Check out the "Mining Earnings" calculator on [[http://siapulse.com/page/tools|SiaPulse]] to get an estimate of your earnings from mining.+All we know for certain is that the price of Siacoin will go upand it will also go down. If anybody knew exactly how much and when, they'be very rich and unlikely to share that information with anyone else.
  
-===== Trading and Cryptocurrency Exchanges =====+Siacoin is unlikely to hit anything like $1.00 per coin due to the high number of coins that will be in circulation by 2020. However, expecting prices to slowly increase as the technology is improved and adopted is a realistic expectation.
  
-==== Where can I buy Siacoins? ====+==== Why does it take a long time for me to withdraw Siacoins from an online exchange to my local Sia-UI wallet? What can I do about the situation? ==== 
  
-SiaCoin is available on Cryptocurrency exchanges such as Bittrex and Poloniex Users report the fewest issues with [[https://bittrex.com/Market/Index?MarketName=BTC-SC|Bittrex]]. [[https://poloniex.com/exchange#btc_sc|Poloniex]] boasts the highest volume, but has more frequent issues.  The easiest to use may be [[https://shapeshift.io/#/coins|shapeshift.io]].+Generally, the exchange is responsible for any significant delays in a withdrawalUltimately, you'll probably need to contact the exchange's support to help troubleshoot, but here are some things you can check first:
  
-See these guides for more details:+  * Make sure you sent your Siacoins to the correct wallet address. 
 +  * Check the transaction in the [[https://explore.sia.tech/|Sia Explorer]] if the exchange provides you with a transaction ID. If you don't see a transaction with your wallet address and the correct Siacoin amount under "Siacoin Outputs", contact the exchange. 
 +  * If you see the transaction in the Explorer, make sure your wallet is synchronized. Check again in 10 minutes or more.
  
-  * http://buyingsiacoin.com/ +==== What are Siafunds? ====
-  * https://platinumwealth.co.za/forum/Thread-How-to-buy-Siacoin +
- +
-==== Why does it take a long time for me to withdraw Siacoins from an online exchange to my local Sia-UI wallet? What can I do about the situation? ==== +
  
 +Siafunds are tied to fees that hosts and renters pay related to a contract (about 3.9% of a host's collateral). These fees are ultimately distributed to Siafund holders. The developers of Sia hold most of the Siafunds as a long-term method of financing development, but some Siafunds are available to the general public. They are generally not cheap, and as of August 2017, are listed for around 2.5 BTC or around $10,000 USD.
  
 ==== How do I buy Siafunds? ==== ==== How do I buy Siafunds? ====
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   * [[https://bitsquare.io|BitSquare]]: BitSquare is a P2P cryptocurrency exchange that supports Siafund purchases in Bitcoin. The [[https://market.bitsquare.io/?market=sf_btc|BitSquare web view]] shows current market rates for Siafunds.   * [[https://bitsquare.io|BitSquare]]: BitSquare is a P2P cryptocurrency exchange that supports Siafund purchases in Bitcoin. The [[https://market.bitsquare.io/?market=sf_btc|BitSquare web view]] shows current market rates for Siafunds.
-  * [[https://siatalk.slack.com/|Sia Slack]]: The #siafunds channel of the Siacoin Slack channel generally has people open to selling Siafunds privately.+  * [[https://discord.gg/sFCT3Ar|Sia Discord]]: The #siafunds channel of the Sia Discord generally has people open to selling Siafunds privately.
  
 ==== When will Siafunds be profitable? ==== ==== When will Siafunds be profitable? ====
  
-==== When will Siacoin reach 10 cents per coin? What about a dollar per coin? ====+It depends on when you acquired your Siafund(s) and at what price. It will likely be several years before Sia sees the adoption that will generate fees high enough to make Siafunds profitable.
faq.1503513688.txt.gz · Last modified: 2017/08/23 18:41 by RBZL