Quote from: coin@coin on October 29, 2017, 05:09:57 AM

Quote from: ScoreB on October 28, 2017, 08:12:40 AM

Quote from: D3legacy on October 26, 2017, 01:07:10 PM

ive been renting my diskspace with Storj for quite some time now and at first i have to say congratulations on the Software its idiot proof to install and run it. But now im asking myself is ther any link or something on which an can see how many Storj i already earned and how many i can earn per TB / Month which would be nice because im thinking about upgrading my System with some more Storage if its profitable in anyway.

Would love to see some DEVS respond to this. I've read similar requests for a profit-calculator all over and I would certainly like to see one for myself.

The only estimated earnings I managed to find was some guy in the STORJ community slack that said 100TB of storage should most likely earn you around $150-$300 a month..

Yet, if I look at the price of the necessary hardware (a full 100TB rig would cost about $5000 I guess?) and the electricity it would cost to run it.. a quick guess would be that even in the most positive scenario of $300 a month it would take you at least 16 months to reach your return of investment. And that is the upmost positive scenario..

Unless the price of STORJ rises of course and you'd make a lot more then $300.

Yet, if that happens, probably more people will come to rent out space and thus lowering the potential STORJ tokens to earn, right?

Someone please clarify for the noobs out here that might be willing and able to participate.

I'm not a dev but I've been following Storj for a long time and use Storj Share.

You should use what you have available at this stage not thinking of getting a 100TB rig built to make a profit.
Even if you have one it is not guaranteed you will fill it up with data or it could take a long while.

The way you earn right now depends on the amount of storage you actually store for Storj users on your node.
There are several other variables including your uptime, bandwidth, reliability, etc... which all affect how much you can earn.

There is a lot of competition for storage with several thousand active farmers at a point, Storj has recently announced 5 PetaBytes of storage used on the network.
As storage demand increases with new Storj partnerships and customers, farmers will also see an increased utilization of their storage which could mean more rewards.

Hence why it is not easy to make an earning calculator. What I heard is that the team will be moving at some stage to more frequent, automatic payouts (via Etherem smart contracts)
which will potentially mean more data to work with as well as more reliable ways to estimate earnings.

Great answer, took quite some time to figure this out myself but at least now it's written here in clear language. Hopefully it will also be of benefit to others that end up here with the same question. Thnx!

ScoreB

Posts

Merits