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The most important thing not addressed here is demand. Last I checked (granted, this was a while ago) it simply wasnt there- Meaning if you built this rig you m
by ds 7y ago
The most important thing not addressed here is demand. Last I checked (granted, this was a while ago) it simply wasnt there- Meaning if you built this rig you might only be able to rent out a small part of it.
If this has changed I would be interested in hearing about it-
One other thing I am not understanding is how this makes financial sense, even if the demand is there. If I am buying a rig for 4500 bucks to get 200TB, making "570 a year in profit" is nowhere near exciting enough. Practically any other use pays more. Renting a dedicated server for a game, web hosting, hell even GPU mining makes more.
(a single 1080ti can do about 1$ a day in gross revenue on grin/eth/etc - which can be had used for ~400 bucks- Or you can get a p102 which is the mining card version with no display output for 250 bucks) - Payback with power costs/etc.. well below the 10 year threshold of siacoin)
Now where it might be interesting (IF there is demand), is just adding harddrives to an existing infrastructure already in place. So if you are a GPU miner and have 1000 rigs already in place, just adding a single 4TB harddrive to each machine might not be too bad- They go for about $50 each used and according to this, will pay back $8 a month with minimal extra costs
- ds 7y agoSo I did a quick look and it seems like the total usage of siacoin is not that large. https://siastats.info/hosts_network https://siastats.info/hosts_network Only 710 TB is in use. Or about $20k worth of hardware TOTAL for the entire network, according to the above URL. Also, why is this a cryptocurrency at all? Wouldnt this business be drastically simplified by simply paying people out//letting people rent space with either USD or bitcoin?
- sho 7y ago> Also, why is this a cryptocurrency at all? Do you even need to ask? Because they have minted a bunch of SIA coin and this is their effort to give it value out of thin air, making them all millionaires. Using someone else's currency, despite its obvious benefits, means no huge pre-minted pool under their control = no lambos. Every single ICO project is like this.