Do you leave your computer on all the time? What about the cost of electricity? What happens if your hard drive crashes and you lose their files? Do you lose the tokens from your collateral? I have a junk pc set up that I don't use, perhaps I should use it for this.
- Yes, you need to leave it on 24/7. Hosts need to fulfill Proofs of Storage over the course of the contract. If they don't (uptime of 97%) they lose both the potential earnings of the contract and the collateral put on that contract
- If done properly, electricity costs can be negligible (under 50Watts). Consider low TDP CPUs, 5.4k rpm instead of 7.2k rpm disks...
- If it crashes and you lose the data, you miss the Proofs of Storage and so you lose the contract and the collateral. If you have a multi-disk setup, using some RAID redundancy is a great idea to prevent data loss
Interesting. Thanks for the valuable info, I'll see if I can set it up and get at least one contract running to see how things work. IfI use 20 TB, what's ROI on that with lets say $1/TB