You are hearing about siacoin on the net or other sources. Siacoin is emerging nowadays.It is very chip coin to buy. It is a decentralized private cloud system like Dropbox , google cloud or microsoft azure. It is a cloud storage system except this it is a cryptocurrency in the crypto world.
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It enables to exchange file or store file on the cloud but in this case it is encrypted so third party can not see your file . You definitely don't want anyone to checkout your file or hack your data or passed to the wrong hand. Sia makes your stoarage protected and it's going to make sure your files are protected . If you share you link of Dropbox anyone can download your files without any permission or any password . Also with Dropbox any person could upload viruses on your computer . That's not the problem with Sia .
Siacoin is brand new approach to cloud storage platform instead of all the data centres being owned and operated by a single company .Sia stores tiny pieces of your file on dozens of node all over the globe. Sia opens a flood gate and allows anyone to make money by renting out their hard drive data . Sia is going to deliver fastest cheapest and most secured cloud storage platform today . Data integrity is protected using redundancy and cryptography. Sia is going to be the platform that allows you to do that.people are also going to make money. You can rent out your hard drive space . That's a great way to make money. I am not sure how the returns are and how much money or profitability that could be.
For Amazon S3 the monthly storage cost will be $115 and the download bandwidth will cost $460 .
For Google cloud $100 monthly $550 cost for download bandwidth.
For Microsoft azure $120 monthly cost and a download bandwidth cost $435 .
With Sia monthly storage cost for five TB is $10 download bandwidth cost is $5 .
Sia stores as ten times less expensive than current cloud storage provider . So Sia is good alternate to the the cloud services provided by big companies .
The problem I have with these companies (maid sia bat storj golem rlc gridcoin) is that the higher the price goes the more people will offer up their services to win the coins. This should be great for consumers and should dive down prices but not so good for coin holders.
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That's true bro @dennygalindo
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Nice for a try
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Upvote my post if you like my post @alabeco
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@akshaybornare upped
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Thanks @simeonburke
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@akshaybornare this is informative. keep up the good work! earned my upvote
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Thanks @simeonburke 👍
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thanks for sharing!
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thanks for your great post
i like Siacoin , i bought it & hodl it on poloniex
i think the price will skyrocket , i will buy more
i follow you
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@machhour yes siacoin is really great. Thanks for upvote.
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This needs some formatting work but overall good content. I recommend spacing out your paragraphs, adding headers and adding some images to break down the blocks of text. Followed, please follow back! Thanks. https://steemit.com/steem/@ldauch/high-paying-steemit-tags-steem-travel-life-and-more
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What is "Download Bandwidth Cost"? When trying to restore files back?
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@akshaybornare is it possible to use this service for cloud mining?
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@jordanlindsey yes why not but I don't know much about sia mining .
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BOON
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Hi, you downvoted my latest post. I guess it's a mistake. Please take it away or state why you did it so that I can forward this to steemcleaners if necessary, thank you.
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Does steemcleaners even respond back to messages? Isn't it just a bot?
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Thanks for sharing @akshaybornare:)
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