3. Did my wallet get hacked?

Did my wallet get hacked?


  • @Bapp well its hard to explain being from this side.. not hard for me to understand- I totally get how Sia works (or does not)... its the explaining it that becomes difficult because people have (in theirminds) what they think is happening versus what is actually happening and so that creates confusion.

    Offering contracts results in collateral deductions . Collateral being the money the host shows to cover the space they claim to have.
    As a host offers available drive space- renters buy it. as they buy it- the collateral is paid by host from their wallet. The collateral will come out as long as contracts are purchased and available space is used by renters.
    The collateral is to be refunded at the end of each contract. If a host is not running a host that can meet the storage proof- they will not get the colateral returned. If they do the collateral is returned at contract termination time.

    So in the end it is best a host stays up and running because there is no signal or warning of when a storage proof will be sent.

    The withdrawls you see- (without your input).. may be deductions for host space the renters are using. Hope this explains.

    Unofficial User / Tester / Analyst of Sia ( w/Renter and Host experience)

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    @moorsc0de Yeah i understand, it works like i tought it did. But isnt it weird then to have a big transaction suddenly when the host been down for a month?
    Whats then keeping me from when my file got corrupt just transer my SC out? Then the collateral would be null.

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  • @Bapp I have already done that via testing... LOL
    I hold files, but withdrew all SC out of the wallet. This way you cannot lose anymore coins to collateral- but you also cannot share any more drive space (so we think).
    However there are 2 categories of collateral that dont get spoken about much.

    1. Locked collateral which has already been allocated to used space by renter.
    2. Risked collateral which is (to my understanding) the amount of SC that will be lost at the term of the aggregated contracts.

    Unofficial User / Tester / Analyst of Sia ( w/Renter and Host experience)

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  • @Bapp Also if your wallet has coins in it.. it SEEMS that the Sia System will take every opportunity to remove those coins provided you offer space.. so if you open the wallet/ UI up after a period of time.. the system immediately sees you as a HOST and will offer space and deduct the collateral.. or either it has already sold space with your HOST - and the realized withdrawl had already taken place . You just realized it when you opened the UI.

    Unofficial User / Tester / Analyst of Sia ( w/Renter and Host experience)

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    @moorsc0de thanks, anywhare whare i can get a detaild explanation how contracts work in detail? The whitepaper does not seem to go that deep.

    ive also got like 200sc back daily withouit it showing any transactions? Is this locked collateral?

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  • @Bapp The only place you may get it is from me or few others that have spoken to me and have actually TESTED the UI deploy (in detail).
    I have a slew of finds that have not even been brought up to the masses.. but I have been hosting and have looked at just about every angle of the USER INTERFACE side- minus the contract termination which cannot happen for another 2 months from now.

    Regarding your questions: The only way I am aware you can get coins back is via a renter cancelling their contract- OR if a contract term period has been reached and your being paid funds back on those contracts. The latter would depend on how long you have been hosting. If you have not been hosting that long- it could be renters who tried the system and are forfeiting their allowances/ contracts after the fact. I have heard of people doing this (even myself)- just because the interface is very sub-par at the moment and the Sia price had a recent tank and many ppl just wanted out. .

    Unofficial User / Tester / Analyst of Sia ( w/Renter and Host experience)

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    @moorsc0de Okej would be nice with some more info out there. But anyways, Thanks for explaining and taking time to banter with me.

    Yeah, I can easily believe that alot of people did cancel contracts/pulled out there SC, it done over 4000% this year.

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  • @Bapp the interesting part is a host has no idea how many contracts have cancelled out until they term because there are no hosting tools to view host contracts- only the number of active contracts and I am not 100% that works correctly.. its been reported the active contract number keeps going up everytime the UI is started.. I dont think thats an accident.. I think its a clever coded way to keep hosts online- by tricking them into thinking the contract count is going up.

    I have liquidated my wallet and I am still seeing the contract count go up- whch means someone is wasting SC on my host that is not offering any available space. This is non refundable as well. smh

    Unofficial User / Tester / Analyst of Sia ( w/Renter and Host experience)

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    @moorsc0de haha Wtf i just tought it was some gui thing and you could check it somewhare atleast in chain or in the commad prompt.
    The contract ticker is weird, seen it too, did just think it was a bug and it didnt update properly. Then a restart and it would go upp.

    I have liquidated my wallet and I am still seeing the contract count go up- whch means someone is wasting SC on my host that is not offering any available space. This is non refundable as well. smh

    Wow thats weird.

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