I should have clarified those calculations were done when BTC was at 5.2k USD or so....back a bit
I suspect since the dump it has not done any better...I'd LOVE to be utterly wrong on this and build a rig
anyway, since the dump have not bothered to look at this again...also remember this was with USED equipment
really unsure of what it would be with new (even though I assume storage prices for HD's have likely? come down since that $5.2k price...I think it was when I did the calcs)
anyway, should have been more clear
Of course You should have been more clear. At least to show "calculation" with "25% loss" running SIA hosts.
Taking into account that SIA cloud storage is the feature distinguishing SIA from crypto crowd it is of great interest seeing such "calculation".
Especially when SIA team is assuming that professional data storage nodes would be the core of SIA storage cloud, not the average Joe with available free HDD space and sufficient internet bandwidth.
My opinion is opposite - SIA team could partner with HDD manufacturers and each OTC HDD would come with preinstalled SIA hosting software/wallet that customers could run if proper internet connection is available.
At this point of SIA wallet usability it is not possible, but decentralization is power crypto world should aim to.
The SIA team does a fair amount of posting, including Mr. Vorick, over on Reddit. There you will find recent posts where the SIA team acknowledges that the people hosting are doing so at a loss. Interestingly, the defense of this is that loss is being "mitigated" by home users (not professional data storage nodes) renting out what would otherwise be "unused" space. I'm not sure this makes much sense, but whatever.
That's what the SIA team has to say about this, not Brad, not myself.
Wander over and check for yourself:
https://www.reddit.com/r/siacoin/comments/a9pn53/why_is_sia_more_costeffective_than_amazon_s3/you have a fair point..but perhaps I am delusional in that I thought that you could make a miner box or siacoin storage option with used or new HD's and parts
and thus make more than electric with the said box-like mining (minerbox builds) (decentralized) if it is all now come down to the big data hall folk fighting down to
sia-tech level awarness of existence
and beating Amazon in pricing..er that too may be a stretch...but regardless I may be naive and such a box stopped being practical to make $$$ on when
the miner box was offered last year...perhaps I am that far behind the curve...and like other miner data hall cloud miners will fight this out and determine
the price of siacoin...my bad..if that is the case...
but then you get to the issue will 1) other data halls actually flee from Amazon for this sia network...corp world types that is....er....perhaps..but man
they'd better get some world class promotion going if the small minerbox builds like I thought was going on is no longer an option...that may be a tough
sell without the grass works small fry (as I expected) to pave the way (as was done with BTC mining back in the day...cheerleaders as it were)
so beat me up...likely I'm wrong on much of the above (i sure am confused on the long term planning of sia-tech/asic's and siacoin from these guys)
later
brad