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renter:using_the_ui_for_renting [2017/10/29 22:49]
aerrejon [Creating the allowance]
renter:using_the_ui_for_renting [2017/12/30 02:03] (current)
Dolio spelling
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 {{ :renter:renting1.jpg?nolink&400|}} {{ :renter:renting1.jpg?nolink&400|}}
  
-In the File tab, pressing the “Create allowance” button opens the allowance pop-up (see Figure). In Sia, renters do not choose an amount of space and length of the contract. Instead the contract length is stablished in 13 weeks (3 months) with auto-renewal activated (see below) and the renter stablishes an amount of [[wallet:siacoin|Siacoin]] that will pay for the storage space estimated in the allowance window. As the allowance is used for both storage and bandwidth costs, if the renter frequently downloads his files, the allowance could exhaust sooner than the estimation.+In the File tab, pressing the “Create allowance” button opens the allowance pop-up (see Figure). In Sia, renters do not choose an amount of space and length of the contract. Instead the contract length is established in 13 weeks (3 months) with auto-renewal activated (see below) and the renters establishes an amount of [[wallet:siacoin|Siacoin]] that will pay for the storage space estimated in the allowance window. As the allowance is used for both storage and bandwidth costs, if the renter frequently downloads his files, the allowance could exhaust sooner than the estimation.
  
 The client also provides an estimate of the fees that will be deducted. While the unused part of the allowance is returned by the end of the contract, fees are not. Fees include: The client also provides an estimate of the fees that will be deducted. While the unused part of the allowance is returned by the end of the contract, fees are not. Fees include:
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   * 3.9% of the allowance and 3.9% of the collateral locked by the hosts. Hosts setup their collateral usually higher than the storage pricing. As the renter pays the fees of the collateral if the host keeps the expected 97% uptime, the total deducted fees will be around a 10% of the allowance. These fees are paid to [[wallet:siafund|Siafunds]] holders.   * 3.9% of the allowance and 3.9% of the collateral locked by the hosts. Hosts setup their collateral usually higher than the storage pricing. As the renter pays the fees of the collateral if the host keeps the expected 97% uptime, the total deducted fees will be around a 10% of the allowance. These fees are paid to [[wallet:siafund|Siafunds]] holders.
  
-  * Hosts stablish a minimal contract size, usually 2-5SC. As contracts are formed with 50 hosts, about 100-250SC will be deducted from the allowance.+  * Hosts establish a minimal contract size, usually 2-5SC. As contracts are formed with 50 hosts, about 100-250SC will be deducted from the allowance.
  
 After accepting the allowance, a process of forming contracts with 50 hosts will start, taking approximately one hour (See Figure).  After accepting the allowance, a process of forming contracts with 50 hosts will start, taking approximately one hour (See Figure). 
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 {{ :renter:renting1b.jpg? |}} {{ :renter:renting1b.jpg? |}}
  
-Hosting is a competitive process where each host stablishes his pricing. The client of the renter [[host:scoring system|scores each host]] according to parameters as pricing, age of the host in the network and remaining free space. The client will automatically pick up 50 of the top-ranked hosts to form contracts with them. At the current moment, the renter can’t select specific hosts, and the process relies enterely in the scoring system. Siacoins will be deducted as contracts form to fulfill the minimal contract sizes requested by each host (see Figure).+Hosting is a competitive process where each host establishes his pricing. The client of the renter [[host:scoring system|scores each host]] according to parameters as pricing, age of the host in the network and remaining free space. The client will automatically pick up 50 of the top-ranked hosts to form contracts with them. At the current moment, the renter can’t select specific hosts, and the process relies entirely in the scoring system. Siacoins will be deducted as contracts form to fulfill the minimal contract sizes requested by each host (see Figure).
  
 ===== Uploading files ===== ===== Uploading files =====
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 The “Files Transfers” button will show the progress of the uploads and downloads. The “Files Transfers” button will show the progress of the uploads and downloads.
  
-The pricing (different for each host) is stablished with each host during the contract formation. Posterior changes made by the host do not affect current contracts. Siacoins will be deducted as files are added for paying:+The pricing (different for each host) is established with each host during the contract formation. Posterior changes made by the host do not affect current contracts. Siacoins will be deducted as files are added for paying:
  
   * The bandwidth costs.   * The bandwidth costs.
renter/using_the_ui_for_renting.1509317367.txt.gz · Last modified: 2017/10/29 22:49 by aerrejon