Post
Topic
Board Speculation (Altcoins)
Re: Storj (SJCK) vs. Siacoin (SC) - Discussion
by
CoinHoarder
on 09/04/2017, 21:35:03 UTC
I have been a longtime supporter of data storage tokens, such as MAID, SJCX, and SC. I think they are a great idea, and can reduce storage prices compared to centralized competitors that need to pay for data center space (which is very expensive). However, at the present time I am not really impressed with the state of these coins.

1. MAID seems to be in a perpetual vaporware state. Who knows if it will ever come to fruition...

2. SJCX and SC are both operational, but there is little to no demand for the services. I recently (the past couple day) looked into a few ways to profitably utilize my extra hard drive space. The amount of demand for SJCX and SC storage space left me quite uninterested in these projects. Maybe demand will pick up and slowly grow over time, but I think it may be years (closer to 5 to 10 years) before they gain traction- if they do at all. So, I have taken them out of my portfolio, as I think they will stay at or under their current valuations for some time. The demand just isn't there for these services.

I decided to mine Burst with my extra HD rather than fool with Storj or Siacoin. I am only expecting to make something like $3.50 a month (the HD is just under 2 TB), but it is free money and I might as well do it because it doesn't use much power and I don't need as much storage space as I have.