Sia coin is a good coin and also the project is really good compare to other sharing HDD but for going to $1 i must say it is almost impossible because of the coin in circullation is pretty big maybe in ten year or maybe not touch that price at all. It is arround 20 billion coin in circullation right ?
Could you please elaborate? I saw numerous times that this project is really good and storage prices are very low but why it should be profitable for storage providers? Current prices almost even do not pay for the electricity consumed due to 24/7 operation.
maybe you didn't check lately how much electricity average HDD uses?
On topic, I don't think its possible until network is fully operable and get some major company use it for storage (Netflix, for example)
OK, two possible scenarios (based on real-life usage):
1) I have a regular PC or laptop running. I use a computer a lot and my PC is running basically for 16 hours a day. I have spare storage that I want to use for SIA. Thus, my electricity costs directly caused by Sia are a PC running for 8 hours per day. My PC (old Intel C2D E8400) consumes about 80 watts when on at idle. Let's assume 20 watts in case someone uses his laptop. 8 hours 365 days a year at 20W will give me about 14 dollars per electricity (Europe). If I let Sia use 1TB of storage, from my understanding of Sia, ~340GB can be effectively utilized for (the rest is redundancy). I earn 10.24 USD per year (current price of 2.56 USD/TB/month).
Result - loss of ~4 dollars per year.
2) I will use a dedicated hardware (let's assume something like Raspberry Pi) and 1 TB drive. RPi consumes about 1W of electricity. Let's assume SSD drive which consumes 0.05W in idle. So that means about 1W of power. Yes, then we have the electricity "for free". But your RasPi which is 40 dollars will get paid in more then 3-4 years, not counting the cost of that damn drive. Or you have spare 1TB SSDs for free?
I don't know - try to explain it to me - why is it actually worth for someone to rent its hard drive space. Even if the rewards were 5x that big. Even if I had electricity and the hardware (1TB drive) for free and the prices were x5, I would receive mere 5 USD per month. That is one hour of dishwashing somewhere in the pub like work in my country. And your space has to be 100% utilized which is clearly not the current state of Sia.
Yes - it may make sense for big server players who have hundreds and hundreds of GB spare. But then we are getting closer to centralized storage and not decentralized.