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I've had a lot of those same objections since I first heard about Bitcoin. Ironically, I've been looking to buy some Bitcoin in the last couple months to trade
by ansible 9y ago
I've had a lot of those same objections since I first heard about Bitcoin.
Ironically, I've been looking to buy some Bitcoin in the last couple months to trade for Sia, because I was thinking about setting up a storage node that can earn enough to pay for my own cloud backup needs.
- Nursie 9y agoI mined sia and eth together because there was a dual mining program. The idea behind it is kinda nice, I'm not sure I actually need the service right now... but I'll hang on to the 1k SIA I mined in case that changes. I'm not expecting a speculative leap in value as amounts of siacoin mined are huge compared to the likes of ether or btc... Do you need Sia to start hosting? I think you can just go for it.
- ansible 9y agoDo you need Sia to start hosting? I think you can just go for it. Yes, you need to put up collateral to start accepting storage contracts. https://support.sia.tech/knowledge_base/topics/how-do-i-start-hosting https://support.sia.tech/knowledge_base/topics/how-do-i-star...
- Nursie 9y agoOh interesting, thanks for that. It puts up a bit of a barrier to entry... ooh, and suddenly things look a little bit complicated, as you have to manage your collateral levels optimally to get a good score and be an attractive storage option.