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ChymeraXYZ | 2 years ago

"you’ll be paid in STORJ Token." https://www.storj.io/node

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.

discuss

order

jtolds|2 years ago

Certainly there are differing opinions about cryptocurrency in general.

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

It it a bit mean to anyone who has invested in equipment to supply to the network and used the subsidised numbers to work out if it will be profitable. This should be clearer on the website.