I have been running a demo node for experimental reasons that I will share with the public.
My Storage Node Stats ✔️
Hi Storage freaks! 🤣 Ready for another amazing update of this experiment?
Right, this month of COVID-19 influence... might have driven the business quite up the hill. Or not? Not sure yet... Let's see next month.
One thing I know for sure. The newest updates from Storj, allowing free allocation for COVID-19 research data, it's definitely a driver here. This is a great opportunity for trying distributed storage for free... within a 1 year basis.
This month, lots of updates came through. And now we are able to see better details about the payout information. For example, this month I am expected to receive a payout of $1.08 in equivalent STORJ token.
In another view, not here very evidenced, a missing amount that was not added to the $1.08, is going to be "HELD", until I am servicing on the network successfully for some time (around 1 year for all HELD amount to be cleared).
The amount "HELD" is a way to avoid bad behavior nodes and fund "repairing" for nodes that support those actions. Just like the portion of the egress my node did for repairs this month for example, that gets reflected on the sheet further bellow displayed.
Progressively, the HELD amount will be released, proven you continue to support the netowrk without failures. This is an healthy way to support the network expenses of ensuring data security and redundancy.
Uploads
I guess last month I spoke too soon. We went from 58.47 GB to 17.26 GB... Quite a decrease, but on the another view, I think I am seeing an uptrend for the uploads, especially because of what you will see on the downloads.
This month was also noticeable the increase of uploads for repairing data on other nodes. As you will see further ahead, repair egress was more than 50% of the user data consumption. I expect this number to decrease over time at long term, as nodes will progressively become more stable I recon.
Disk space consumption
Again, a major ingress this month. From the last 407.14 GB free, the node is now at 111.14 GB free space and it was already full once. I have then increased the capacity in 60 GB, to validate if increasing capacity was working fine, and since then, it is going up and down.
Noticeable increase of space tells me that there are a lot more customers, which is nice.
Downloads
Ok... last month it was clear that customer data was increasing with 811.23 GB transferred... This month was the confirmation of that with an astonishing 1.49 TB!
Simply got my node full... the graphic shows that on the area where there is no data. Also, importantly to note that the days I got above 100 GB of data downloaded... it looks a LOT... but that's actually not that much. But I noticed the connection rate is not sufficient to saturate the node, or I am too far form the intake source.
In any case, this was interesting. Next month will probably be very little. Assuming the node keeps data from customer for some time.
Repair data is also something to consider. Around 10% of the usual total, so in this case around 149 GB! Meaning that the node when having space available utilizes a lot the repairing feature to re-utilize space and build data redundancy. Quite interesting to see if trend is going to continue or lower. Remember, we do not get payed by ingress, but having more distributed data, might mean more uploading chances... which directly rely on more profit.
Latest updates
Yes you noticed it already, DARK MODE! Finally right?! Looks super for me. What else would you propose, GUI wise?
Also, we got some new wanted features, I have, myself recommended. Payouts descriptions from several months. You can select which months you wish to select... 😍
Some "financial" data might still need more clarification, but for more details check here.
How much DID I GOT 🤑 paid?
I need to wait a few days for the payment to get in as usual, but I will let you know (by updating this post) as soon as it kicks in and I am able to share it. Last month payment was:
April Payment (PAYED)
I will edit this section once I have received payment. Let's see if it matches the newly prediction section of the payout:
Actual Storj received...
Way less than I was anticipating. But lets see.
And I have not noticed this too... which might explain
Error from coinmarketcap or the volume just fired like crazy? For me if the price did not change, it must be an error. Either that or something coinmarketcap could not get until now. Do you know why? Please let me know.
Let's see the next month... ⏳
This month was less exciting but still a great experience. Like I said, so far all great. If you have questions, checkout the Forum or the Blog section. Both have been quite useful to me. If you are looking for documentation on how to set up a node, then check the documentation page.
Do you find this information helpful?
I do spend some time preparing these posts, always trying to be as transparent as I can. If you feel like supporting me, please "buy me a coffee" via Ko-fi Platform. I will make sure to mention my appreciation on one of my next posts (whatever from social network you are) and use the entire donations to purchase HIVE.
Disclaimer: If you don't like to see this kind of posts, please let me know so I can understand if the effort is worth it. I don't intend to massacre the network with them and my sole intention is to provide additional and personal feedback of my own evaluations/reviews.
interesting, I am going to look for how to mount my own node, thanks for this article
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So far has been a very interesting experience. I am giving it a one year to estimate real costs/recovery. If all goes on the right direction, I have already some kit prepared to put up something on fly. Most likely will need a new router by then. Downloads have been quite crazy lately (but they require a good uptime to work as crazy as they can be).
I like the honest evaluation of your Storj experience in this blog. I tried Storj hosting a long time ago, but didn’t get much in the way of rewards - it’s nice to see that the project is still going strong and even has a Covid-19 program! I might have to give it a try again.
I have been on others (storage projects) and sometimes in the past I had the same feeling as you. But I think the product now is very different.
Yeah I was doing SIA for a while too, and while it was great for me to improve my UNIX and GO skills, it seemed like there was hardly a payoff. Maybe Storj will be different this time!
The problem with SIA was that they did not finish the strategy. And kept staying ONLY in the crypto world, which basically started milking the entire system and generated too much confusion. Only the big ones kept the thing consistent.
I have since lost my node because it was under a NAS that I never bothered to recover. The data is there, but because its already so long, my collateral is gone.
This "collateral" was another thing that Storj did very well, actually essential, and SIA already had (and that was part of the reason SIA worked for some time). But Storj made it more simple (for now) and did not bothered to complicate the product just yet to support that out of the box within the code, like SIA had.
In some sense they now have a balanced system with the "HOLDING" and might also generate some revenue from holded funds, which from the enterprise perspective for cash flow is very important.
Just in 2 days, already did 200GB of traffic... so, definitely more customers!
This is great information! I'll definitely be following your adventures - it's gotta be the ultimate dream to live off of passive income from blockchain storage!
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Crazy stuff .... 🤩 🤘
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You guys have been quite consistent... I am all hats up to your team. Great Job!
Hopefully one day I can have the honor to meet such team.
Being a life troubleshooter... and many codes reader... IT its like porno to me.
Right on! We're definitely fans of distributed tech like Storj, really cool they have a Covid-19 program for research! and night mode...! 👊
Thanks for checking in... =) indeed a great promising. I hope to influence the research community on this sense as on my daily job I am responsible for one of the biggest parallel gridFTP nodes in New Zealand =)
Nice write up thanks!! I own this token.
I have not yet decided what to do with what is being paid so far. The most likely thing to happen is for me to reuse the token to buy back some storage for myself, or try to pay the costs.
i will really love how much you get paid by staying updated on the next post
Over time the payments will increase because the HELD amount is already enough to pay the network repairs in case my node fails.
My next step is to evaluate how the node behaves when it's full... and see how the uploads evolve. Might consider adding a bit more of storage space too... if all feels on the uptrend side.
The trick with these nodes is to use really low power consumption things. For example, USB based low power disks. At least its a quick one for everyone to do.
If jumping above that, then power consumption goes quickly up... especially if you don't implement things like disk spin down or use very low power consumption boards/CPUs/etc.
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Very interesting to see STORJ financial gains, thank you for posting!