RE: Sia – A Blockchain-Based Decentralized Storage Network… With Its Own Cryptocurrency

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Sia – A Blockchain-Based Decentralized Storage Network… With Its Own Cryptocurrency

in bitcoin •  7 years ago 

Here is something I posted yesterday. I was interested in mining Sia. However I would like your opinion in this matter.

Let's say you are a 20 man company in need of some storage for your files. Here's how you have to do it: 1) Sign up at coinbase / and wait 5-7 days for your cash to deposit and your verification 2) Get your cash and make them into BTC. Hopefully at a good rate? 3) Sign up to an exchange and transform your BTC into SC 4) Download the SIA client and wait 3-4 hours to sync 5) Transfer your Sia coins to your wallet. 6) You got it! In addition, you are not quite sure how much that BTC got you in terms of value. Maybe you paid $250 but when you finally bought the SC the value was $300 and you bought less coins because of that. The finance department would have a bad time doing all the conversations and realising the true cost. Meanwhile, getting an AWS/Google Drive whatever else, can be done and set in an hour or so with a set up cost that you can track and get invoiced. Thoughts?

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Yes, I was thinking about this before, but i think there will be an easier way to use this storage. We will se but i got your point. From a technical view i was trying to share my space drive it was easy, bu you got to have some sia at first.