Topic: [ANN] Storj - Decentralized Storage - page 6. (Read 389811 times)

It was advertised and promoted literary as "you have free space on your laptop's harddrive, why don't you sell it and make profit!" You can watch some of the videos of Shawn Wilkinson. This is exactly what he promotes. Now it turns out, that to compete with the storage providers, you have to either come up with a miraculous algorithm which negates all latencies combined: from network lag, time difference, dropped packets, disk performance. Or hire some retired admin with old storage servers in his basement (from the above mentioned storage providers) fill them up with drives and waste a few kW of electricity for pennies.

At the same time these enterprise storage providers have gone all NVME Flash.

Storj team have to very carefully reconsider their path, becase there is zero chance to compete with enterprise storage, using someone's kitchen laptop.

I think that the only chance they have is to be a cheap alternative to Tape backup storage. Where you hold the data for a long time, but rarely upload-download it. That might work.

Another path is to convince people that decentralized storage is much safer and more secure than traditional, but that is counterintuitive and will not be easy. And then bet on security.


good luck

Exactly, things are changing with V3 to improve reliability. However even with V2 various factors were influencing payouts including bandwidth and uptime so it is not something new. To be able to compete with mainstream storage providers storage node operators need to also be reliable and in my opinion that is for the best. You shouldn't think that just because someone has a spare HD they can put it towards Storj and be able to make a profit. But don't let that discourage you, fill in the form as best as you can and see if you get an invite when the time comes.

I checked the form and it seems to me they only require servers with 100% uptime? The form's lowest bandwidth options seem kinda large.
It's not about using your free 500GB of your old drive anymore huh? Not to mention that if you want to use it for half of the day then it's pointless.

There isn't a calculator right now as the team is working on a major upgrade (Storj V3) and planning to release the software for sharing storage in early 2019.
The best thing you can do right now is to register your interest to become a storage node operator (used to be called farmer) at this link:

https://storj.io/sign-up-farmer

Once registered you will receive a survey to fill in with details of your setup and that will allow you to receive an invite for when the software goes live.
Invites will be sent in different batches, depending on your setup you could be in the first batch of invites or in a following one.

Hello.
I had tried sharing my HD about a year ago, but after a month of 500GB sharing I hadn't received any rewards so I just quit.
Since I see you're actively working on Storj after a long time and your idea was a good one from the start, I'd like to get involved again.

Is there any kind of a calculator available to check my possible income from storage sharing?

https://i.imgur.com/fQCHBnL.png

Key Features
Storj is a software project seeking to develop a next-generation cloud storage solution that improves upon existing cloud storage providers in four key areas of the service provided.  

Less expensive for the same industry standard redundancy, uptime, and reliability;
Preferably client-side encryption and hashing automatically enforced prior to upload so all data on the Storj network is encrypted and anonymized;
Open source code released under the MIT license;
Decentralized, autonomous, and implements multiple blockchains thereby making it resistant to interruptions of service and security risks.

A key project development goal is for Storj to include a blockchain-based dual purpose token scheme that serves as:

1. An incentive payment mechanism within the Storj network between consumers and    providers of storage space and bandwidth
2. An information storage mechanism to record the hash and location of files stored in the Storj network.

Storj won first place in the Texas Bitcoin Conference 2014 hackathon contest, by unanimous decision.  The prize is a guaranteed $250,000 donation from the backers at BitAngels for their initial round of “kickstarter-style” crowdfunding soon to be announced.  Storj team members Shawn Wilkinson and James Lowry made the final scheduled presentation of the contest, which included a working proof of concept software demo.  The founding devs are now getting the alpha software ready for general testing release while putting the finishing touches on the whitepaper and crowdfunding model.

Storj is a proposed decentralized storage system that seeks to disrupt the cloud storage industry by dramatically lowering costs to cloud storage users.  It would do this by paying incentives to storage providers in the form of a "blockchain-based dual purpose token" that would also store information about file integrity and storage locations.  The Storj network would autonomously issue, collect, and distribute these tokens so that users could pay for storage and be paid for providing storage.  All data would be encrypted, preferably client-side, before being uploaded to the network. We believe that Storj should simply be a mechanism for users to store their data, and the end user should have control over their data and privacy.

Web Nodes
At the Texas Bitcoin Conference 2014 we debuted a proof of concept web node for Storj. We have since been refining that software. You may upload your files to these web nodes and after about 10 minutes your files become accessible network wide. This requires no central server. Any web node connects to the prototype blockchain and may upload and download files at very little cost. This software will be made available to early backers and supporters.

New Cryptocurrency
Most cryptocurrencies use their blockchain as a ledger for coin balances. We would also like to use the blockchain to store information about file integrity and storage locations using structured metadata. To this end we will be releasing details about a new cryptocurrency that allows us to accomplish this and get our network running immediately with the help of our web nodes. We will be including this new cryptocurrency as part of our crowdfunding model.

Whitepapers
Many of you are hungry for the technical details. We have received great technical and conceptual feedback from Maidsafe and BitAngels. We are in the process of rewriting out initial whitepaper and finalizing crowdfunding details and timeline.

Special Thanks
BitAngels, esp. David Johnston and Jeremy Kandah - For your continuing input and support.
Jeff Garzik (jgarzik) - For technical and concept help.
Gregory Maxwell (gmaxwell) - For the initial seed concept and discussion thread.
Maidsafe, esp. David Irvine and Nick Lambert - Hackathon input, mentoring and continuing conceptual synergy.
Mastercoin Foundation - hackathon support, input and mentoring.

1) What's is the plan for the STORJ (coin) for the new V3?

2) What's the incentive for holding STORJ gonna be from now on?

3) Is V3 storage gonna be billed in fiat yet?

I couldn't find info about the policy for the cryptotoken while reading the new whitepaper...

What's in for it?

I'm also into Storj only for supporting the idea and the network.
However, I don't want that the be case forever.

I've already red all you just cited. Here are my concerns:

1. IBM is already in the game and decentralizing:
https://twitter.com/IBMcloud/status/1069396576777441280

2. If Storj was testing the farmers so far, farmers have also been testing Storj.
I have a 2 TB drive sitting in a box and I never used it for Storj, because it
is not profitable. The stats for my node are jumping by a weird pattern,
which has nothing to do with actual availability.

3. How is Storj going to convince me and all the potential farmers
 to put effort and resources in ver 3.0, after seeing how unprofital it
is all the way since ver 1.0 and ver 2.0?
The current payout cannot even cover the electricity consumed by the hard drive itself.
It is not fun to be online 24/7 for pennies.

4. How is my node supposed to be high quality, when they say: "don't invest
in hardware, because we cannot guarantee profitability"?

5. How a Storj node will be fast enough to compete with other nodes
and at the same time "anyone can share their hardrive and make money out of it!"?

6. Is there going to be a storage tiering system? Eg: fast, normal, slow
storage? Why dropping slow nodes, when you can use them?

7. How a consumer grade hardware will be used for Enterprise class service?
 Flash storage is the new norm for service providers.

Thanks

7 Storj for keeping 350GB online for a year.
That sits on top of all these talks.
So far Storj is unprofitable and soon the big companies will catch up.

Microsoft is investing in Data centers, IBM is going toward decentralizing,
Prices are dropping.

When Storj will actually be profitable for farmers and cheap and good enough for users?

This is one of main reasons why decentralised storage projects, like STORJ, will become more popular, more accepted in the very near future.
I strongly think that bright future waiting for crypto storage projects, which based on blockchain technology.