Topic: Minebox Pre-order 8TB and 16TB Models using SIA (Read 3934 times)

Nice man!! Thanks for dedicating the time to update us on the Minebox. I was looking at some today and was wondering profitability and I found this thread. Have Sia released any calculations on profit from storage based off whatever price they have for monthly storage? Was considering getting one as well after finishing my gpu mining rig (3 more gpus to go)

Got my Minebox and fired it up today, I'm currently waiting for the SIA network to finish sync.

It will be a while before I can really play with it but I can report that their software isn't ready yet to start selling unused storage space for SIA. (I knew this ahead of time before receiving it) However, I will be able to store information on the device and back it up to SIA network.

I have the 16TB model and I'm adding another 16TB to it this week.

I'm happy to finally start using it, even if I can't sell storage for SIA yet. I'm glad they opted to not delay the release further as I'd rather have it and wait for an update than to not have it at all


For now, here's a photo. I will be posting more information as I have time to put it together.

Profitability would be subjective to demand for cloud storage on the SIA network and what people are willing to pay for that. Right now pricing for cloud storage on the SIA Blockchain is pretty cheap.

Check out https://siahub.info/ for pricing info.

Looks like Minebox is down to last 11 pre-orders

Sorry i dont what is cheaper,minebox 32 TB ,8x4TB.Invest get back?

http://sia.tech/apps/

Personally I think this is really interesting and think eventually it would be successful. . How soon ? That's hard to say! Any idea on profitability in today's market?

As far as I know, nope as that would defeat the purpose of the Minebox, they are in the business of selling an all-in-one solution, not an OS provider. However I could see them branching out to other hardware partners but who knows if they will do that or not with HP in their corner.

I just got notification today that I'm in the Beta Test so I expect to have my Minebox sometime in September right now as an estimate.

Are they going to release their custom OS so this could be ran on any hardware, or does one have to buy their box?

Minebox just announced their beta for those who purchased the pre-order can request a spot in the Beta test of the product to receive their Minebox early.

Check your e-mail for details if you have already pre-ordered.

The beta is supposed to begin August 31st and I have requested to be in the beta.

There is only 35 pre-orders left of the Batch 1 Minebox.

Here's a 32TB "Minebox" for ya

https://pcpartpicker.com/list/Qg69Z8

Would
Love to see you demo it

Only update I got recently indicated that it could ship as early as end of June and that I would be contacted about shipping details since shipping costs were not included.

@eyedol-x

Did they tell you when your minebox will arrive?

Minebox posted a online Demo of their Management Interface.

http://minebox.io/demo/#dashboard

Found a review on the Minebox -- has a lot more details than what is covered on their website directly.

http://1stminingrig.com/honest-minebox-nas-review/

I think maybe I missed something here, there are references to DIY builds that can do all of these things but I don't see where to find that information here in this thread.

However, here is what I have been able to determine upon my analysis of the Minebox cost:

2x Drives found in Minebox - $600 on Newegg - https://www.newegg.com/Product/Product.aspx?Item=N82E16822179003
HP Microserver found in Minebox - $430 on Newegg - https://www.newegg.com/Product/Product.aspx?Item=9SIA6ZP3JU1624
Additional Memory in 4GB Ram in 16TB Model - $29 on Newegg https://www.newegg.com/Product/Product.aspx?Item=N82E16820148813

Without shipping costs that's already $1060 and the Minebox costs $498 more for the 16TB Model.

So roughly $500 for a custom OS with warranty and continued development to do all the things mentioned above? I'm sorry but if all they are making is $500 a shot on these things, that's not a sustainable business model as they are only making about 33% profit on each device and I'm sure after you factor in their initial R&D and continued development, that profit number dwindles.

Some have indicated here that there is already an OS that does this or can do this? If so, where is the a-la-carte OS download or where is the DIY instructions?

Clearly you can DIY build the hardware cheaper than the above but my question is; if there is some unknown to me way of doing things advertised as unique to Minebox, where is this information on how this is done? I ask this because right now from everything I have found, it looks like these features are first to market.

It's well known that you can backup to the cloud, you can backup to external hard drives, and you can use 3rd party software to encrypt your local backups and backups in the cloud but where is the competing product that does it all in one bundle? Is this a DIY found in a place I haven't found or is this some sort of commercial product that can be purchased?

So far I haven't found this bundle of features available anywhere else in one package. I know of ways I could effectively create a similar solution but that solution would not be decentralized on a blockchain using SIA or a similar architecture. I'm sure given enough time I could figure out how to make that work but candidly, I don't have that kind of time to develop such a product just for myself.

Lastly, if there is a product that can purchased or DIY that I don't know about, does that same product allow you to resell your unused free space and get paid in SIA or another crypto currency the way Minebox does?

Thanks

I was also interested in this device which is a useful machine in compare to an antminer for example That has only a unique use, the mining. Nothing more, a useless, noisy device which consumes electricity.

My thoughts are:
Further of the mining usage,
If I would need a NAS device for backing up my staff, watch movies, it could be a choice.
But Indeed is quite expensive.
With the amount of $1000 (disks included) I can buy one of the best models (4 bay or more) of Synology which is has a very stable, user friendly OS and high quality hardware parts.

To finalize,
If the price was less I would go for it.

Agreed, looks pretty but... don't think it's worth it.

 NONE of this is unique to MineBox, though the specific combination might be outside of DIY builds.

 2 Seagate Archive 8TB drives are $498 from NewEgg right now (I didn't check shipping but it's not going to be much if any over $10).
 The Archive type drives would work better with BURST than SIA though, as they're slow to write to but quite fast to retrieve data from.

 The WD Red drives the other person quoted would save even more.

 Motherboard definitely under $100, possibly $50ish.
 Processor $50 or LESS.
 PSU under $100 and more likely $50-$80 - HDs do NOT need a ton of PSU as they typically only soak 10-15 watt ballpark each.
 Chassis more like $50.

 The point to this device is to make a lot of money for the seller by profiting quite a bit per off folks that don't know any better or how to roll their own better solution.