Sia coin donation required to start hosting

[xurious]

Ah. Gotcha. You only need to announce if you plan on being a hoster (for file storage.)

Operating just the node is fine, and doesn't cost anything.

[rollingmonkey]

@xurious Yes, exactly that's where i need sia coins.

Thanks

[larsfloe]

why don't you just change some conis via shapeshift - easypeasy

[Kermit]

If you want to be hosting you need a lot more then 15 coins because you will have colletral locked for your contracts. 2000 coins is a good point to start currently.

[rollingmonkey]

@larsfloe i have tried to mine the sia coin and 54 coins are with nanopool; they wont transfer till reached 1000 :(

and burst coin wallet is down as well; so can't much at this time; better, I wait for day or two to mine more sia coins on my gpu.

Thanks for your help.

[reinisp]

@rollingmonkey
Just continue to mine...
Believe me, it is not worth to start hosting asap if you are short on funding. You get a lot more by mining than by hosting.
Hosting at present is just donating to the Sia network. You will not earn a single SC a day if all you have is less than 2000 SC. And it definitely does not cover the energy bill for the computer running the host.

[casbot1969]

@rollingmonkey

Instead of asking for donations, 2000SC is a little less than $15.50 USD at the moment. If you can pay for the electric bill that you're running your system on, Im sure you could deposit about 20 dollars on one of the exchanges and buy some SC and then transfer it to your host wallet.

[bryan]

@casbot1969 I dunno about that. It's a fiasco trying to get your coins to wallet from exchange. Better off to just mine it directly into the wallet. I'm glad I never bought any sia coins.

[casbot1969]

@rollingmonkey

Really, I transferred from Poloniex the other day and it was here within minutes. I'll go try to transfer a little bit right now and see how fast it goes and will let you know.

[bryan]

@casbot1969 It may work fine most of the time. But I have 400+ posts in this forum mostly dealing with failed transfers from exchanges. ¯_(ツ)_/¯

[casbot1969]

@rollingmonkey

Well I stand corrected. Looks like at the current moment they've disabled depositing and withdrawing SC's. I'll test once they reenable.

[casbot1969]

@rollingmonkey

BTW, burst mining is back up and running. They seemed to have gotten their blockchain straightened out and so I got a payout earlier today. If you use pool.burstcoin.party it should work.

[rollingmonkey]

@casbot1969 yes, i can pay $20; but when i read few forums they said its bit complicated to buy from Australia; i have mined Sia coins as well but its with nanopool and they wont deposit till i reach 1000.

Anyways thanks for your help and i have sorted it out.

[cooin]

@rollingmonkey nanopools pays 500 you need to change in settings nanopool with your email like pw

[rollingmonkey]

Thanks @cooin