[ANN] Storj - Decentralized Storage - page 56.

bitcoinvest

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13eJ4feC39JzbdY2K9W3ytQzWhunsxL83X

Quote from: Chancellor on February 19, 2017, 11:41:13 AM

Quote

can be for example something not legal and after maybe ending up having problem with authorities or something?

These are encrypted fragments of files. Neither you, nor anyone controlling your computer, knows what is stored. When uploaded, these fragments are still sent encrypted, and decryption keys are never available to „farmers” (people earning SJCX by submitting their disk space and connection bandwidth).

It's a question that everyone who will join this network need know the answer, thank for that.

What about the payment address, i think there is not a problem for example i used the deposit address on Poloniex, normal right ?

prophetx

legendary

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he who has the gold makes the rules

btw if anyone wants to trade some of your SJCX for some PepeCash on the XCP Dex - I would love to get some more SJCX

prophetx

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he who has the gold makes the rules

Quote from: tempestb on February 17, 2017, 11:44:55 AM

Regarding payouts...

You are paid for three things.

1. Gigabyte hours. This can be thought of 1 gigabyte of stored data + 1 hour of having it online = 1 gigabyte hour. If you have 50 gigabytes, and you have your node up for 744 hours in a month, you would have 37,200 Gigabyte hours. You must have at least 744 gigabyte hours to earn a payout.

2. Downloaded shards. This is the data you are storing. Every time the person who stored that data, downloads it, you earn some money.

3. Telemetry. If you are sending telemetry, you earn some money for this.

Right now, Storj is in the roll-out phase of the billing system. Where Farmers will be paid all-the-time via micropayments. However, this is not yet rolled out, and customers cannot yet purchase storage from Storj.

So Storj is paying the Farmers themselves. The amount they are paying is low. On average you will make between $1 and $10 for the month.

This is expected to rise when the billing system has finished rolling out.

any ETA on this billing system?

Chancellor

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Quote

can be for example something not legal and after maybe ending up having problem with authorities or something?

These are encrypted fragments of files. Neither you, nor anyone controlling your computer, knows what is stored. When uploaded, these fragments are still sent encrypted, and decryption keys are never available to „farmers” (people earning SJCX by submitting their disk space and connection bandwidth).

bitcoinvest

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13eJ4feC39JzbdY2K9W3ytQzWhunsxL83X

I appreciate your answer. could not be more clear and easy to understand for everybody.

After that my conclusion is at this point we are in "test" mode and early adopters of that.... for that reason we not have something that worth the uptime and the disk.
I did that and will continue even though at this point i put more to pay electricity from what i will earn at the end of every month.

Who wants to share GB need have in mind that he uses hours of PC that need pay electricity and keep in mind the usage of the disk that the more you use the more you will have chances to brake... also the GB transferred from the internet connection... those are facts negative but i did put it personally i like if we have good payment after...

Now regarding the type of files that are been strored to my disks.. what kind of files are those files? can be for example something not legal and after maybe ending up having problem with authorities or something?

tempestb

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Regarding payouts...

You are paid for three things.

1. Gigabyte hours. This can be thought of 1 gigabyte of stored data + 1 hour of having it online = 1 gigabyte hour. If you have 50 gigabytes, and you have your node up for 744 hours in a month, you would have 37,200 Gigabyte hours. You must have at least 744 gigabyte hours to earn a payout.

2. Downloaded shards. This is the data you are storing. Every time the person who stored that data, downloads it, you earn some money.

3. Telemetry. If you are sending telemetry, you earn some money for this.

Right now, Storj is in the roll-out phase of the billing system. Where Farmers will be paid all-the-time via micropayments. However, this is not yet rolled out, and customers cannot yet purchase storage from Storj.

So Storj is paying the Farmers themselves. The amount they are paying is low. On average you will make between $1 and $10 for the month.

This is expected to rise when the billing system has finished rolling out.

bitcoinvest

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13eJ4feC39JzbdY2K9W3ytQzWhunsxL83X

hello,

since i am new to this i need some information please.
I run for 3 days now the software. .
I putted 1 share of 50GB and 1 share of 500GB.

At the share or 50 GB is been used now ~ 35GB
and at the share of 500GB is been used now ~ 13GB

I just wanted to know what are my earnings as i need to leave the computer running 24/7.
What is the payout for this real example i am sharing? is there a payout calculator anywhere? after googling it i found nothing.

Financisto

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BTC⇆⚡⇄BTC

For those worried about farmer's payments, read this: http://blog.storj.io/post/156584576553/storj-payout-transparency

kiffner

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Quote from: Arvydas77 on January 31, 2017, 03:29:03 PM

Quote from: ayiphelmy on January 15, 2017, 03:49:38 AM

i try this shit and not get payment scam!!!

You are crazy, man. It is very solid project and it pays every month for your rented storage space.

Updated Storj Payout Formula:

Quote

Some things to note are:
There are no rewards for storing less than 1 GB for the month.
However, if a user has telemetry reports, exchange reports, or downloads they may still receive a reward.
There are no rewards if a user has not been seen in the past week.
Each component (gigabyte hours, telemetry reports, and downloaded bytes) is scaled so that each metric ends up being a measurement of how far away users are from the mean. Those values are multiplied by certain weights and summed to arrive at a final value.

We hope this will make rewards better, transparent, and more fair for a larger number of our supporters. We will continue to streamline the formula as we progress and more farmers join the Storj network.

If you have any questions, you should join Storj community chat: https://community.storj.io

Excuse me but that is not correct. I am running storj share for atleast 6 months now and I only recieve payment twice.

Arvydas77

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★Bitvest.io★ Play Plinko or Invest!

Quote from: ayiphelmy on January 15, 2017, 03:49:38 AM

i try this shit and not get payment scam!!!

You are crazy, man. It is very solid project and it pays every month for your rented storage space.

Updated Storj Payout Formula:

Quote

Some things to note are:
There are no rewards for storing less than 1 GB for the month.
However, if a user has telemetry reports, exchange reports, or downloads they may still receive a reward.
There are no rewards if a user has not been seen in the past week.
Each component (gigabyte hours, telemetry reports, and downloaded bytes) is scaled so that each metric ends up being a measurement of how far away users are from the mean. Those values are multiplied by certain weights and summed to arrive at a final value.

We hope this will make rewards better, transparent, and more fair for a larger number of our supporters. We will continue to streamline the formula as we progress and more farmers join the Storj network.

If you have any questions, you should join Storj community chat: https://community.storj.io

super3

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Right here:
https://www.youtube.com/watch?v=DnWqT9iGVFw

griffen1102

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Quote from: Gyro on January 17, 2017, 03:57:28 PM

Quote from: xxxgoodgirls on January 17, 2017, 03:55:06 PM

Any recap of the development please?

I am also interested in this information.

Did you guys check out the video they posted along with the bnktothefutre info? Might be what you're looking for.

Gyro

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Quote from: xxxgoodgirls on January 17, 2017, 03:55:06 PM

Any recap of the development please?

I am also interested in this information.

xxxgoodgirls

legendary

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Any recap of the development please?

hollandvan

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Quote from: bitcoinsforall on January 10, 2017, 01:02:37 PM

storj funding...

https://bnktothefuture.com/pitches/storj-pre-series-a

why not as a ICO? here

They had first ICO in years ago, raised 900 BTC. This is the bank to the future fund raising, it is not ICO

ayiphelmy

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i try this shit and not get payment scam!!!

logictense

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Quote from: bitcoinsforall on January 10, 2017, 01:02:37 PM

storj funding...

https://bnktothefuture.com/pitches/storj-pre-series-a

why not as a ICO? here

Storj doesnt have funding. Money from the ICO has been taken to the exchange and converted into btc, nothing has been shelled out for propping up the infrastructure and fixing bugs in code.

tempestb

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Quote from: LibreMan on January 11, 2017, 04:33:09 AM

hello there,

is there anyone doing storj mining?
i did not find any information on the payment plan. how long should your computer stay open?

There is no "mining" of SJCX. All the coins are already minted. You might mean Farming, which is the act of sharing your hard drive space to receive SJCX. In which case, you should join the Storj community Rocket Chat at community.storj.io and ask questions there.

LibreMan

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hello there,

is there anyone doing storj mining?
i did not find any information on the payment plan. how long should your computer stay open?

Financisto

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Yep, that's right:

ICO <> Venture Funding Rounds

www.investopedia.com/terms/i/initial-coin-offering-ico.asp

https://en.wikipedia.org/wiki/Venture_round

...and yes:

Storj Labs <> SJCX

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