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Legacy
  • Welcome to Sia!
  • Get Started with Sia
    • Introduction to these docs
    • Sia 101
    • What are Siacoins?
    • How to buy Siacoins
    • What is the Siacoin total supply?
  • Your Sia Wallet
    • Wallet overview
    • The importance of your seed
    • How to make a Sia address
    • How to send Siacoins
    • How do I change my Sia wallet password?
    • Back up your Sia wallet
    • Wallet troubleshooting
      • Delete your seed and make a new one
      • Find or fix your seed
      • I lost my seed. What do I do?
      • My deposit or withdrawal didn't go through
      • Why does Sia take so long to sync?
      • What are these deductions in my wallet?
      • Why does Sia-UI give me a new address each time I click Receive Siacoin?
    • Sia-UI FAQs
      • How to download and install Sia-UI
      • How to make a new wallet in Sia-UI
      • How to restore a wallet from a seed in Sia-UI
      • How to perform a clean install in Sia-UI
      • How do I uninstall Sia-UI?
    • For Advanced Users
      • Verify the Sia release signature
      • Using Sia on a remote node
      • Using Sia on multiple computers
      • How to bootstrap the Sia blockchain
      • How to automatically restart and unlock Sia
      • How to set an environment variable
    • 🚧walletd
      • Wallet overview
  • Renting
    • About renting on Sia
    • Managing your files
    • How to rent storage on Sia
    • How to back up and restore your files
    • Renter troubleshooting
    • Is my data secure?
    • 🚧renterd
      • About renting on Sia
      • renterd Workshop
  • Hosting
    • About hosting on Sia
    • Hosting with the Sia-UI GUI
    • Hosting with the siad CLI on Linux
    • Hosting FAQ
    • 🚧hostd
      • About hosting on Sia
      • Setup Guides
        • Linux
        • macOS
        • Windows
      • Dynamic DNS
        • DuckDNS
        • Cloudflare (Advanced)
  • Mining
    • About mining on Sia
    • Sia mining pools
  • Contributing
    • How can I contribute to Sia?
    • Where can I learn more about Sia?
  • Siafunds
    • What are Siafunds?
    • How do I buy Siafunds?
    • How to cash out Siafunds
    • SEC Settlement FAQ
  • Sia Integrations
    • Listing Siacoin on your exchange
    • Using the Sia Ledger app with Sia Central
    • Using the Sia Ledger Nano app with CLI
    • Brand guidelines for Sia in your project or site
  • Testnet
    • What is Zen?
  • Forks
    • Using the wrong chain after a fork
    • Navigating the 2021 Sia hardfork
    • So, you didn't update in time for the fork
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  1. Get Started with Sia

What are Siacoins?

Siacoins are the utility tokens that power the Sia network. This article is included early on because anything you want to do on the network requires Siacoins, whether you want to hold or trade, or rent or host data.

Siacoins are used in lots of ways but serve a single purpose – facilitating network operations. When you upload files to Sia, you pay for that storage in Siacoins. If you're a host and you're storing other people's data, you get paid for that in Siacoins. If you own Siafunds, your share of Sia network growth is paid out in, you guessed it, Siacoins.

You can send Siacoins to others, or receive them at your own wallet address. You can store them in our official software, or on a hardware or paper wallet. You can get Siacoins by having someone send them to you, buying them on an exchange, or mining them.

New Siacoins are only made by mining. There's over 40 billion Siacoins out there right now, and that number will never stop growing. Sia is going to be the storage layer of the internet, and billions will be required for the petabytes and exabytes of data that will be stored on Sia.

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Last updated 1 year ago

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