I'm guessing the same rigs for litecoin can be used similarly to mine for sia coin.
Correct. Best way to mine Siacoin currently is with GPUs.
I'm not entirely sure how to understand the emission/inflation curve chart.
The inflation curve I linked you to shows the instantaneous annual inflation rate (i.e. it has been normalized for 12 months). It reports a percentage. For a given moment in time, the curve tells you how many more coins are being produced, relative to the current amount of coins in existence.
I'm guessing that it's because we switched the storage proof period from 6 weeks to 12 weeks. We're in the period where all of the 6 week storage proofs have expired but none of the 12 week storage proofs have.
I'm faced with the exact same problem with the "1"
I test it with three different computers and I was getting the same error.
During the initial synchronizing and reaching the 71680 height (if I remember correctly) the program stopped to sync any more and appears a warning message and after restart the program the number 1 appears on screen.
I think this happens to the 32bit version of program v.0.5.1, because when I tried it again in a 64bit pc using also the 64bit version v.0.5.1, didn’t appear again.
Siafunds were distributed in a crowd-sale a while back to fund development. 10,000 Siafunds were issued in total, and about 1,000 were sold in the crowd-sale.
You cannot buy Siafunds any longer, except from an existing Siafund holder. Only a few Siafunds are listed for sale occasionally in the Slack Trading channel or in the Siacoin Trading bitcointalk thread.
What is the mechanism by which SC gets distributed to Sia Fund holders? Is this integrated in the protocol or done periodically?
A 3.9% fee is paid to Siafund holders on the storage costs of each file contract.
That fee is distributed equally among all 10,000 Siafunds.
So, if you paid 100 SC in storage cost 3.9 Siacoins (from the 100) are distributed equally in shares of 3.9/10000 to each Siafund.
@genjitsu well said, i quite agree with you. I don't currently hold any sia right now as i was waiting to see if there would be any huge developments on the horizon and the wallet well, it just doesn't work for me. Need a better, more reliable, better documented client/wallet before i will take the plunge. But sia has plenty or room for growth. Is just the rumors of potential backdoor weakness that puts me off.
Myself, I'm most interested in setting it up among trusted nodes, so with no currency exchange occurring at all. Ala Syncthing (but with much better redundancy coding), or ala Tahoe-LAFS (but without a central gateway), basically.
@Taek Wait, isn't the payment channel for downloads only opened with the original renter? Does that mean that the renter will be the one paying for any downloads?
No, the protocol is actually constructed such that anyone with a file contract payment channel to the host can pay to download a file. When you download a file in the new protocol, you download by the file's hash instead of by the file contract. But... the fact remains that you need some way to pay the host.