Hard-drives-in-row

Instructions For Using Siacoin to Rent Out Your Free Hard Drive Space

In yesterdays post I went through the basics of getting your Siacoin wallet setup, if you’ve not done that already you need to start here

Once you have your wallet setup and synchronized, you need to fund the wallet with Siacoin before you can provide Hard Drive hosting on the network.

You need to have at least 50,000 Siacoin in your wallet to provide hosting, however I would add a little extra to cover transaction fee’s, announcement fees & collateral. I funded my wallet with 55,000 which is about 0.05 Bitcoin / $29 USD at today’s exchange rates.

Once your wallet is funded with the required Siacoin you can then setup the rental on your spare Hard Drive space.

sia-hosting

To rent out your space hard drive space (hosting) Click on the Hosting tab on the left side of the Siacoin wallet.

In the main window at the bottom you need to select a Storage location and confirm how much space you wish to rent out.

Click the text “Add Storage Folder”

A new window will open and ask you to choose a storage location. I made a new folder on drive D:\ called Siacoin Rental Space and selected this as the storage location.

You will then need to confirm how much space you want to provide for this rental contract, I set it 50GB and note that the minimum you can provide is 35GB. Click the save button.

siacoin-add-storage-folder

siacoin-rental-space

Then I got an Error!

Error Adding Folder

symlink D:\Siacoin Rental Space

C:\Users\Lee\AppData\Roaming\Sia-UI\sia\host\storagemanager\03790881: A required privilege is not held by the client.

siacoin-folder-error

But not to worry, I’ve seen this before!

Close the Siacoin Wallet (ensure its not running in the system tray)

Reopen the Siacoin Wallet with Administrator Rights, once opened unlock your wallet and you’ll be able to create the hosting folder as described above normally.

siacoin-open-admin-rights

You should now have a folder setup and ready for hosting.

sia-rental-folder

We can now set the configuration options.

Max Duration (Weeks) – How long the hosting is provided to the renter.

Collateral per TB per Month (SC) – If you lose the renters data you’ll pay this amount as compensation.

Price per TB per Month (SC) – How much you want to charge per TB per month for your hard drive space. We have provided only 50GB in our example so we can earn 50 Siacoin per month.

Bandwidth Price (SC/TB) – How much you want to charge for the internet usage used when a person downloads files from you.

Accepting Contracts – Select Yes if you want to accept new contracts and provide hosting.

If you make any changes to the default settings ensure you click Save button. If you wish to go back to the default settings click the Reset button.

Here’s the settings I selected.

siacoin-hosting-configuration

With your settings selected & saved. You can now Announce your hosting contract to the Siacoin network and let them know your ready to receive data. Click the Announce button on the top right of the window to Announce this contract.

sia-announce-host

Leave your wallet Running & Unlocked. Over time you’ll see that you have some active contracts and by the end of the month you should have received your first Siacoins for the Hard Drive space you’ve rented out.

Siacoin Donations:

002d16d5194043c76beb5cc7d2d9f04c9657ce38ee692c25471302974c3c4e42040328d0c555

 

 

 

How to install and setup the Siacoin wallet, this video shows you how to install the wallet, create an address and send / receive siacoins from your wallet.

.

Buy anything on Amazon
US http://amzn.to/1Ttb8P9
UK http://amzn.to/27P0s71

Tips are appreciated. Here’s my Addresses

Siacoin 002d16d5194043c76beb5cc7d2d9f04c9657ce38ee692c25471302974c3c4e42040328d0c555
Bitcoin 12v4d15AuopsVzudct7J8LJMm7qH95SxA1
Ethereum 0x5B905114167C80276AD28A997f606C698547fe40

Text & Image version of this guide.
http://imineblocks.com/siacoin-wallet-setup-usage/

sia-logo

Instructions on how to install, setup and use the basic functions of the Siacoin wallet.

Step1. Download the wallet from the official Siacoin Github Repo

Direct Download Link: Siacoin Wallet Windows 64bit

Step2.

Extract the downloaded zip file to a folder of your choice. The downloads or Desktop folder for example.

Step3.

Run the Siacoin program called Sia_UI.exe from within the folder you extracted to.

Step4.

The Siacoin wallet will open, we need to allow it access through the windows Firewall

Tick the checkbox for allowing access to private networks and click the allow access button.

sia-firewall

Step5.

The wallet will start downloading the Blockchain and synchronize with the Siacoin network.

Click the Wallet Tab on the left hand side of the Siacoin wallet.

Click the green “Create New Siacoin Wallet” button on the main display area

siacoin-create-wallet

Step6.

Write down the long password that has been automatically generated for your Siacoin wallet.

I copied & pasted the password into a notepad text document and saved it.

Don’t forget this password! It cannot be recovered if its lost or forgotten.

 

sia-wallet-creation

Step7.

Wait for your wallet to be unlocked and the wallet to synchronize.

sia-sync

Step8.

Your wallet is now ready to receive and send Siacoin.

Step9. Receiving Siacoins

Click the receive Siacoin button in the top right hand corner of the wallet to reveal your own siacoin wallet address.

Use the address displayed in your wallet to receive Siacoins.

Here’s my address for example:

002d16d5194043c76beb5cc7d2d9f04c9657ce38ee692c25471302974c3c4e42040328d0c555

To receive coins into your wallet you need to provide your friend / exchange / whoever with your siacoin address and they can send siacoin to you using the address you have provided. Use can also use this address as a receiving address for mining software or mining pool payouts.

siacoin-receive-address

Step 10. Sending Siacoins

Hopefully you’ve now received your first Siacoins and have a Confirmed Balance as shown in the top left hand corner of the wallet.

Example:- Confirmed Balance: 100 SC

To send Siacoin to another person you will need their Siacoin wallet address, once you have their address click the Send Siacoin button from within the wallet program.

Enter the amount of Siacoin you want to send & the address you want to send it to. Use the shortcut keys ctrl + C to copy the address and ctrl + V to paste the address.

Click the Send button.

siacoin-send-funds

After clicking send your transaction will be sent to the network to be processed, you’ll see details of the transaction in the main transaction window.

Siacoin Donations:

002d16d5194043c76beb5cc7d2d9f04c9657ce38ee692c25471302974c3c4e42040328d0c555

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How to start solo mining Nexus coins using your
local wallet and Nvidia graphics card.

Nexus Bitcointalk thread
https://bitcointalk.org/index.php?topic=657601.0

Nexus Solo Nvidia GPU miner Download
http://nexusearth.com/miners/SKMiner-v.0.1.3_optimized_by_Mumus.rar

Nexus Solo AMD GPU miner Download
http://nexusminingpool.com/downloads/wolf0miner64.zip

Nexus Pool CPU Miner Windows Download
http://nexusearth.com/miners/nexus_cpuminer.rar

Nexus Donations (Beer Fund):
2QyTKoWw38qhXZ144gvDuxcMPunquV4o2CLxFTHa4vBUkj1m4Sh

.

Buy anything on Amazon
US http://amzn.to/1Ttb8P9
UK http://amzn.to/27P0s71

Tips are appreciated. Here’s my Addresses

Bitcoin 12v4d15AuopsVzudct7J8LJMm7qH95SxA1
Ethereum 0x5B905114167C80276AD28A997f606C698547fe40

How to Solo GPU mine Nexus NXS (formerly Niro) coins using your home computer with a AMD graphics card.

Nexus Bitcointalk thread
https://bitcointalk.org/index.php?topic=657601.0

Nexus Solo Nvidia GPU miner Download
http://nexusearth.com/miners/SKMiner-v.0.1.3_optimized_by_Mumus.rar

Nexus Solo AMD GPU miner Download
http://nexusminingpool.com/downloads/wolf0miner64.zip

Nexus Pool CPU Miner Windows Download
http://nexusearth.com/miners/nexus_cpuminer.rar

Nexus Donations (Beer Fund):
2QyTKoWw38qhXZ144gvDuxcMPunquV4o2CLxFTHa4vBUkj1m4Sh

.

Buy anything on Amazon
US http://amzn.to/1Ttb8P9
UK http://amzn.to/27P0s71

Tips are appreciated. Here’s my Addresses

Bitcoin 12v4d15AuopsVzudct7J8LJMm7qH95SxA1
Ethereum 0x5B905114167C80276AD28A997f606C698547fe40