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Continuing on my thoughts on costs, with some very quick napkin maths (apologies if errors) * From https://www.backblaze.com/blog/hard-drive-cost-per-gigabyte
by guy_c 9y ago
Continuing on my thoughts on costs, with some very quick napkin maths (apologies if errors)
* From https://www.backblaze.com/blog/hard-drive-cost-per-gigabyte/ https://www.backblaze.com/blog/hard-drive-cost-per-gigabyte/ 1TB of storage cost around $25.
* I'll assume 3 year life-span for a drive.
* Add 50% costs for the infrastructure and electricity to support the storage.
* Add another 17.6% due to redundancy (17 data shards + 3 parity) - https://www.backblaze.com/blog/vault-cloud-storage-architecture/ https://www.backblaze.com/blog/vault-cloud-storage-architect...
Gives a minimum cost (before employee costs, marketing etc) of $1.22/TB/month.
If we do the same with Siacoin (which I believe stores 3 copies of your data) we get $3.12/TB/month.