Yes, you are. Siafunds do not take any fees from miners, do not take transaction fees, do not take subsidy fees. The only fees that siafunds take are from siacoins spent in file contracts. This is very different from transaction fees. If people are spending 17BTC per day on storage, each siafund will be earning 0.000066 BTC per day. If people are spending 10,000 BTC per day on storage, then each siafund will be earning 0.039 BTC per day, or 14BTC per year.
Thanks for the good answer. What kind of tx volume would equate for 10,000 BTC per day on storage? Currently how many tx can fit in a Sia block and what is the block time?
In today's space, a total of around 200,000 BTC are spent per day on cloud storage.
Please provide a reference for this.
We hope to have a guide out for the various ways to make money.
great.
I do have one major concern regarding the uptake of Sia by businesses. Many countries have data protection laws that mandate that users personal information may not leave the country. Sia won't be used by any serious businesses unless it can comply with these laws. How do you plan to deal with this?