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A flip side of the (crypto)coin so to speak. I invested in Storj, and I also put some resources behind farming. First, there are lots of issues, but that's to

by redm 9y ago

A flip side of the (crypto)coin so to speak. I invested in Storj, and I also put some resources behind farming. First, there are lots of issues, but that's to be expected with an early product. At least there is a product. Second, this is a very different project than Dropbox, a centralized cloud storage originally built on AWS. Comparing the two is exactly fair, and the long term value proposition of Story is very different from Dropbox. Third, They are building the platform, and as it improves, the clients will get better, simpler, and a community will form; give it more time. Fourth, Dropbox was founded in 2007; it took substantial time to get the front end polished and working well. This product is more about the AWS side of the Dropbox equation than the Dropbox side. Finally, some results on my Storj farming. Not super easy to use, not super efficient, but working, and I expect it will get better. I have farmed about 15TB of data (storage) since the ICO. Its growing too; so there are real paying users using it.

dsr_ 9y ago
15TB is a lot for an individual, tiny for a business. What is your current estimate of time to breakeven?
- redm 9y ago
  I don't think there is a path to break even for storage alone, today. The real earnings seem to be in the transfer rates, but traffic is too low to ever consider it as anything other than an experiment. I heard Storj was going to prioritize farmers by latency and bandwidth; now that I've been reading about the turmoil, I'm not confident it will happen anytime soon. My payout last month was ~$5 and I was in the top 30 by payout, if I remember correctly, but I had only received a couple of TB of data. This month has been much better, so maybe ~$100 but mostly because of data transfer. I've seen peak bandwidth of over 400Mbps in and out (800Mbps combined). Interestingly, a number of the top earners have been trying to game the system by uploading a small amount of data until the shard ends up on their node and then doing the massive transfer to generate more Storj than the cost of the transit.

by redm 9y ago

dsr_ 9y ago

15TB is a lot for an individual, tiny for a business. What is your current estimate of time to breakeven?

redm 9y ago
I don't think there is a path to break even for storage alone, today. The real earnings seem to be in the transfer rates, but traffic is too low to ever consider it as anything other than an experiment. I heard Storj was going to prioritize farmers by latency and bandwidth; now that I've been reading about the turmoil, I'm not confident it will happen anytime soon. My payout last month was ~$5 and I was in the top 30 by payout, if I remember correctly, but I had only received a couple of TB of data. This month has been much better, so maybe ~$100 but mostly because of data transfer. I've seen peak bandwidth of over 400Mbps in and out (800Mbps combined). Interestingly, a number of the top earners have been trying to game the system by uploading a small amount of data until the shard ends up on their node and then doing the massive transfer to generate more Storj than the cost of the transit.