User Tools

Site Tools


faq



Differences

This shows you the differences between two versions of the page.

Link to this comparison view

Both sides previous revision Previous revision
Next revision
Previous revision
faq [2017/08/23 23:00]
RBZL Rearranged categories a bit for more logical grouping/flow
faq [2020/05/16 00:26] (current)
Alejandro Prats [How do I download Sia?]
Line 1: Line 1:
-Here, you'll find questions that we see a lot from new users.+====== Frequently Asked Questions ====== 
 + 
 +Here, you'll find questions that we see a lot from new users. It's a great place to start!
  
 ===== About Sia/Siacoin ===== ===== About Sia/Siacoin =====
Line 23: Line 25:
   * Steve Funk: Community Manager   * Steve Funk: Community Manager
  
 +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? ==== ==== What is Sia's business strategy for breaking into the data storage space? What is the end goal? ====
  
Line 34: Line 37:
  
 > //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 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.// 
  
 ==== What are the differences among Sia and other decentralized storage solution providers such as Storj, Maidsafe, Filecoin, etc? ==== ==== What are the differences among Sia and other decentralized storage solution providers such as Storj, Maidsafe, Filecoin, etc? ====
  
 ==== Is Sia competitive with existing enterprise solutions in terms of electricity and bandwidth? ==== ==== Is Sia competitive with existing enterprise solutions in terms of electricity and bandwidth? ====
 +
 +From Core Developer and CEO David Vorick ([[https://www.reddit.com/r/siacoin/comments/6tmx0r/why_is_sia_important/|here]]):
 +
 +> //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 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.//
  
 ==== Will Sia comply with existing data storage regulations (PCI, HIPAA, etc), both in the U.S. and around the world? ==== ==== Will Sia comply with existing data storage regulations (PCI, HIPAA, etc), both in the U.S. and around the world? ====
  
 +In general, the layers built on top of Sia that involve storage of this type of data will be the entities responsible for ensuring compliance. 
 +
 +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? ====  ==== 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? ==== ==== 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 pair, for 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
  
  
Line 56: Line 100:
  blockchain synchronization is a lot faster on an SSD compared to a standard hard drive.   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 synched it (i.e.  [[https://consensus.siahub.info/]] ), but the recommended method is to always sync yourself.+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? ====
Line 78: Line 122:
 ==== 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? ====
Line 98: Line 142:
 ==== 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? ====
Line 110: Line 158:
  
 ==== 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? ====
 +
 +Not currently, but 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.
  
  
Line 117: Line 167:
 ==== How can I mine Siacoins? ==== ==== How can I mine Siacoins? ====
  
-==== What is Obelisk? ====+If you're not familiar with crypto mining, first 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.
  
-==== When will Obelisk ship? ====+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]].
  
-  * 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 I make money from mining Siacoins? ====
  
-==== Will the Obelisk create a glut of Siacoins on the market due to the additional hashrate? ====+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.
  
-  * 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.+==== What is Obelisk? ====
  
-==== Will I make money from mining? ==== +The Obelisk is an ASIC miner in development for SiaSee the [[development:obelisk|Obelisk]] page for more information.
- +
-Possibly! Depending on your electricity costs, your GPU, and the market price of Siacoin, mining can be quite profitableCheck out the "Mining Earnings" calculator on [[http://siapulse.com/page/tools|SiaPulse]] to get an estimate of your earnings from mining.+
  
  
Line 135: Line 183:
 ===== Trading and Cryptocurrency Exchanges ===== ===== Trading and Cryptocurrency Exchanges =====
  
-==== Where can I buy Siacoins? ====+==== When will Siacoin reach 10 cents per coin? What about a dollar per coin? ====
  
-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 volumebut has more frequent issues.  The easiest to use may be [[https://shapeshift.io/#/coins|shapeshift.io]].+All we know for certain is that the price of Siacoin will go up, and it will also go downIf anybody knew exactly how much and whenthey'd be very rich and unlikely to share that information with anyone else.
  
-See these guides for more details: +Siacoin is unlikely to hit anything like $1.00 per coin due to the high number of coins that will be in circulation by 2020However, expecting prices to slowly increase as the technology is improved and adopted is a realistic expectation.
- +
-  * http://buyingsiacoin.com/ +
-  * 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? ====  ==== 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? ==== 
 +
 +Generally, the exchange is responsible for any significant delays in a withdrawal. Ultimately, you'll probably need to contact the exchange's support to help troubleshoot, but here are some things you can check first:
 +
 +  * 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.
 +
 +==== What are Siafunds? ====
 +
 +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? ====
Line 151: Line 206:
  
   * [[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.1503529255.txt.gz · Last modified: 2017/08/23 23:00 by RBZL