So the expansion factor now is 2?
usualy Expansion was 2.8?
have this Data already been deleted or it will be part by part, any ETA?
The data has not been deleted yet. When it happens it will likely go quickly. Probably sometime this week.
So the dashboard is showing the data usage after expansion? Which means that in reality we will see 2.8 PB of data vanish?
Does that also mean that the 28.4 PB of stored customer data is in reality only 10PB of real customer data? Can this be true?
Storj started in 2014. Now 10 years after the inception it is holding 10 PB of customer data? If that is correct, frankly speaking, this is nothing.
Wasabi was founded in 2017. And according to https://www.linkedin.com/pulse/cloud-storage-simplified-wasabis-innovative-alternative-g7sse:
Wasabi has now grown to over 100,000 customers, 15,000 partners, and almost 2 Exabytes (EB) of storage capacity under management within 15 global storage regions.
So what is the plan for Storj? Where does Storj want to be in 5 years? How much data (real customer data) Storj wants to hold in 5 years? How much data Storj wants to gain per year?
To reach 1 EB of real customer data in 5 years, Storj would have to grow by 200 PB per year. What is the strategy to accomplish that?
If we are still here after replacing our dead drivesâŚ
But if a 20TB drive dies of old age with only 10TB on it, itâs not verry compelling to continue.
You should fix errors and ignore warnings then compile again
I think we have to Face the truth, Storj is a nice project with a good Technology behind, but:
A) Itâs not competitive in Point of pricing and Expansion factor.
or
B) We Need (much!) more and better Sales and Marketing.
Or a combo of them.
Thatâs why I have been asking what are the plans and where Storj wants to be in 5 years and how much data Storj wants to hold in 5 years.
If Storj wants to store 1 EB of customer data in 5 years or even half of it, then it has to stop acting as a niche tech-startup and evolve into a serious company. It requires a detailed strategy how 1 EB in 5 years can be achieved.
Of course if Storj is happy to store 20 PB of customer data in 5 years, then probably no change is required.
I wonder what Storj investors are thinking if we really store only 10 PB of customer data at the moment (including Select !!!) after 10 years?
I tend to agree. Of most urgent importance is certification of the public network. And right behind is much much much much more investment into marketing and sales worldwide with regional sales and support teams to talk to (potential) customers in their native language and serve their specific regional/local preferences and requirements.
Done!
⌠making me open Translate for the first time this weekâŚ
Or you need more Partnerships where Storj is used as backend.
For years Storj was a backend of filebase.com for example.
They store 1.5PB.
They have removed Storj as backend and moved all the data the had stored
The price for Storj is the cheapest. At Wasabi and other you pay a full TB even if you use 1GB. The egress is free for Wasabi, but ours is pretty cheap. And we donât wanât free egress, otherwise our badwidth will be filled with egress and no more room fron ingress.
The problem with Storj is that itâs not for personal customers. It bases this part of business on third party apps/vendors. And this is a huge market.
Yeah I get this.
But it is apparently not working.
If we would integrated as backend in big Services for Personal Customer, there would be no Problem.
But we arent.
So there Must be other Chester solutions for them or we have way to little Sales-Team
I never understood the decision to just dump an entire group who would happily need storage.
If I look at the big companys like Google and Co they charge very much for very little.
And private people are much more likely to buy storage for photos and videos and more.
With that the company can grow and increase the brand name
I wonder what could be a reasonable size for the storj storage business to break even? We are obviously far away from that point, but how far? Is it 10x, 100x, 1000x, �
Its cool that youâre doing another I think 3rd data purge in a row (1st test data, 2nd trial accounts). But it is really weird that in a year the network didnât grow at all⌠one year ago it was 30+PB and now weâre at 28PB. The size of the network went down in a year by almost 10%
Looks like very cheap storage prices arenât that attractive to customers after all.
And yet they say they made a 7x grow last year wich is about 20% month to month. I donât really see it
But I donât want to hate. They have to get reputation and are doing their best (I hope)
Theyâve acquired software that can let them sell to âfilesystemâ customers as well as their current âobjectâ customers, and branched into compute when the AI market is still hot. They know they canât get stuck being a one-trick-pony: because what people are willing to pay for just storage will continue to drop.
If their object-storage network continues to grow, even slowly, then theyâre doing enough, and have time to focus on some other sources of revenue.
Donât put your hopes in AI bubble.
I notice several nodes processing pretty large bloom filters right now for deletions, but it seems to be from US1 not EU1.