But the main thing I would argue here is not everything is price focus. I would argue that only price focus customer care about pricing. Even when you set the price to negative, existing business still won’t switch, do you belive that? And it will only attracting profit seeking customer. Business only focus on the main activity, most likely they oblivion the any thing not related to their main focus, in my opinion they don’t care too much about pricing, people still use AWS s3 as an example. Trust is a bigger sale here.
It can never be exactly 0$ right, disk spinning for Storj require energy, study about the exact curve disk prices per TB or disk failure rate or energy price per country need to be done on yearly basic, I don’t see report so I assume they never did that.
Storj did recommend using existing hdd, already online system, but what if only 1000 or less node can sastify that requirement? I think they say that just to have more green image for marketing, in secret they do hope they have a lot more node, so they could have more power and apply more aggressive pricing toward node operator - because I would have done the same I’m human after all.
I think right now they did the right job talking to the customer, I’d advise them to read the mom test book to seek the true meaning behind customer words.
This is the postulate that always jars me. Nothing in this world is free, unless you steal it - in which case someone else pays, but still pays.
This topic was created for a reason. I deliberately did not consider the cost of fixed assets and their depreciation, considering only current expenses.
We have again slipped to the point that all this can be free.
Profit = payout - ((Cost of drive/warranty) + electricity cost for running the drive + electricity cost for running the node host)
Is the profit > cost of a drive? if yes => network can expand
Is the profit < cost of a drive? if no => network shrinks because eventually there are no more berries on the bush because nobody could afford to water it.
Those are expensive customer, they jump ship and have no loyalty. I heard YC school say the bar to sell to the masses is a thousand higher than selling to enterprise, keep look up enterprise number and start making friend I guess…
The mantra could be believed only if there was a working procedure to quickly scale down the assigned resources. It would allow to modulate the amount of space occupied by storj depending on the space I can spare at any given moment.
The only way I found it working is to delete the node and restart from zero. Very costly for either the network (if I do so abruptly, as I had to do at one point), or for me (if I wait 6-8 months to graceful exit and refill with the new capacity).
Maybe I was unlucky, but scaling up/down should be quick and simple so I can really allocate my free space. Ideally, it should be automatic: I just set a minimum free space, and storj scales up/down continuously to just keep the minimum.
Until this is possible, mantra remains a mantra.
yep. all failed predictions are failed.
We started in 2014 and we still alive and kicking.
Come on to be next failed predictionists it to make us dead. Good/bad luck. (or burn in the hell? I still learning)
i mean, i watched a recent COO (Chief Operations Officer) interview.
and i see the thing Storj is doing, … a whole market needs to gain trust.
And it takes time, as the market matures, but if it does, looks like Storj would be on good pole position if the things starts to move to Web3.
Also take a look at what recent improvements Storj is doing,
imagine we had big adoption at this moment, without that being done, that would be not good. Before we solve the problems, that we are currently solving, and THEN after, we will be ready to accommodate mass clients, only with fast trash retaining on nodes side, which will be ready in few weeks i guess.
means no mass clients because no need (they don’t know, they need it yet)
Storj is here early. (from 2014)
Storj is in pole position in the race yet to come.
Storj only now, is addressing vital problems for succesfull production IMHO.
Any adoption prior to that would be disaster.
more unnecessary commentary
It was mess a year ago as much as it is now, the discrepancy, but we ddint care, coz payout was $20 from egress, so disk payout did NOT matteres,(i checked in logs, i got all the logs).
Discrepancy is only a problem, when Your node is full and can’t gain any more because of that.
They count payout correctly, just the trash wasn’t working, its about to change in weeks.
Also the “Used Disk Space” bytes was counted in 1000’s not in 1024’s like “avr. disk usage” is, thus it looks even bigger… and that was wrong since the beginning LOL
The changes, fix is ready and developed, they only need to roll it carefully to fix the code bugs now, and in few weeks we will have nodes that behaves, You will be able to turn that pesky scan-on-startup, to False and enjoy lower power consumption and HDD utilization.
when this will be done, then we will be ready to welcome more customers
You faux-pas’ed, its 30PB not TB, but still small yes, all fault to STORJ, will agree, BUT i guess they did their best for given circumstances!
Means couldn’t do better because the market conditions (look at pornhub storage and traffic costs, it was MARGINAL in 2022, like 6% cost of the whole operation, no wonder companys did not search for better solutions here, because they were not forced to, but that hopefully is about to change soon, and the need for decentralization will come to play a bigger role finnaly as well, additionally to cost…
@pangolin
let me be clear, amazons and azures are multiservice molochs, they keep customers by the balls, thanks to variety of service, storj is just storage, it needs to wait for whole ecosystem of partners to develop, as a complementary substitute of those Big data companys, storj relies on computing partners, and they on Storj, its complementary cooperation in symbiosis of web3 revolution that will take down the current giants, but thats a wave and it comes slowly.
It’s not a prediction of failure. It is an assessment of the present state. Mantra of free unused resources remains a mantra.
I hope it will be fixed by the time I will need the currently allocated resources and to scale down storj.
I’m human after all.