A very nicely written blog post, thank you for sharing it. Since I am using company servers with running backup servers I am not immediately interested in using StorJ. But I am very interested in the "mining side" of the business. Do you happen to know more on the current profitability of renting out your HD space? If it is profitable one could consider buying some old servers on the cheap and put some big HDD's in it.
Well we call people who offer space on the storj network farmers. For now, payments are made monthly using a pretty complicated formula, based on both shared data (data you upload back to the renters), data uploaded to your machine (we call it a node). For now, files are mirrored a few times to other nodes (which isn't paid for now). Farmers are getting about $35USD/TB/month shared currently.
Over time as the network gets more stable and more users, I know that the storj team might implement microtransactions as well as the ability to pay for more mirrors. When that happens, subsidized payments will probably stop and payments would probably be below $5/TB/month since a renter only pays $15/TB/month
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A very nicely written blog post, thank you for sharing it. Since I am using company servers with running backup servers I am not immediately interested in using StorJ. But I am very interested in the "mining side" of the business. Do you happen to know more on the current profitability of renting out your HD space? If it is profitable one could consider buying some old servers on the cheap and put some big HDD's in it.
Well we call people who offer space on the storj network farmers. For now, payments are made monthly using a pretty complicated formula, based on both shared data (data you upload back to the renters), data uploaded to your machine (we call it a node). For now, files are mirrored a few times to other nodes (which isn't paid for now). Farmers are getting about $35USD/TB/month shared currently.
Over time as the network gets more stable and more users, I know that the storj team might implement microtransactions as well as the ability to pay for more mirrors. When that happens, subsidized payments will probably stop and payments would probably be below $5/TB/month since a renter only pays $15/TB/month
Source: https://blog.qz.sg/storj-the-what-why-and-how/
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Thank You!
Which part of @qzsg as well as my website qz.sg as well as the article link from blog.qz.sg you had was not clear that it is from me?
If only you were as active weeding out the comments spamming others to follow them.
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