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ChymeraXYZ | 2 years ago
This statement basically makes me unable to take this seriously.
At "Egress Bandwidth $20/TB" it should pay off to buy up all the cheap hetzner servers and convert them to storj nodes. They would pay themselves back after 2 TB and then you are off making profit.
But wait, there is more:
They charge 7$ for egress bandwidth... How can they pay 20$ to the one providing the bandwidth. Oh, right they don't actually pay the operator, they give you a crypto token.
So all in all paying for storj feels like supporting yet another crypto scheme.
jtolds|2 years ago
In terms of "does the math work", you're absolutely right that charging $7/TB and paying $20/TB to our storage node operators is not sustainable. But it shouldn't be a surprise that this was an intentional early subsidy to grow the supply side of the network. In an open system like ours, you see these business dynamics, whereas you might just not see them otherwise.
To be fully transparent, we are working to reduce that subsidy now that we're hitting scale. You can see some of our conversations with our storage node operator community about this on our forum: https://forum.storj.io/t/announcement-changes-to-storj-node-.... You can also see full network stats here: http://stats.storjshare.io/
quickthrower2|2 years ago