Start my node on May 15, 2020 with a capacity of 3Tb today, June 10, 2020, the node has consumed 1Tb of Hdd with hardly generating any benefit.
Is this normal? Which may be due ? is there a problem with my node?
It takes months to generate some profit based on the time it takes to āvetā your node, then the held payments. You can look at one of the online calculators for a general idea of what to expect.
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Actually, getting 1TB of data in your first month is very good. Usually, the first month is only vetting period, which doesnāt get you lots of data.
Just keep going, payouts will ramp up after some months.
Increasing storage every 15 days for a simple promise to collect āsomethingā after a few months ā¦ is a very bad businessā¦
Itās not just a promise and you can calculate what you receive (of course this might still fluctuate to user demand because it is not mining!).
But you definitely receive at least 1.5$/TB/month. However, for the first month you have a held back amount of 75% so you would only receive 0.375$/TB/month (assuming that your node has 1TB for the whole month, which is of course not the case in the first month of operating a node).
It will get a lot better in consecutive month because the held amount decreases and your stored data increases.
I didnāt even calculate the egress payout in, which could be around 10% of what you have stored so e.g. 100GB which would be 2$
What do you mean by āIncreasing storageā? Does someone force you to add more HDDs every 2nd week?
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To me, itās a very good business. If you don want the cash and if you donāt have a bit of fun setting up this whole thing, then it might be bad business for you, though.
You must be of letters. Mathematics is not your forte.
Ok. Would you still please elaborate what you mean by āincreasing storage every 15 daysā?
Please, if you have a point or a retort then go for it.
Posting just to criticise someoneās skills is pointless and does not forward the discussion.
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Itās a fair business. And you shouldnāt want anything else. Fair compensation leads to a sustainable business. If you would get paid more than itās worth you can never count on it sticking around. That said, yesterday I purchased my second 16TB HDD just from my STORJ earnings. I actually exchanged the tokens for BTC and paid for that. The nice bump in STORJ value put me right over the edge. I started out with sharing 10TB of spare storage, now (due to loss for redundancy and personal use) I will be able to share a total of 28TB after that HDD is added to the array. Storj is more than paying for itself at this point.
And you seem to be the opposite, nobody understands what youāre talking about.
It might be useful to expand on this. It also helps to either quote the post you are referring to or to hit the reply button on that post.
There have been a couple of crazy months, like January where I earned $50 in one month from a 500GB hard drive, but even with the current rate (which I would consider normal for the network), an 8TB hard drive would pay for itself in a year. Assuming a disk will live for 2-6 years, thatās good profit.
The network is very ābalancedā. You canāt get an insane amount of money by adding a large amount of storage, it has to fill up slowly first. The holding back money system also ensures people are in it for the long haul. It may not seem worth it at first, but if you look back after a year or two you will realize itās actually surprisingly profitable.
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lol well i kinda see what @TheMacR is sayingā¦ iām 4 months in now and previously had 3 months on a v2 nodeā¦ which i stopped because i needed space and wanted to come back for v3, kinda misunderstood that v2 didnāt get shutdownā¦
so iām like 7 months in nowā¦ with my present system i got like 48tb worth of drives used mainly for the storagenode and redundancy, the node has always gotten whatever space it could takeā¦
totally thus far iāve been paid out 20-25$
so yeahā¦ i know itās mainly my own fault for misunderstanding that v2 didnāt get shutdown.
but thus far v3 has been only expenses, i still cannot cover the base electricity costs.
but iām happy to hear that should change xD tho not sure i should expect the same ā¦ i mean 50$ pr 500gb that would put my node at 240$ a month, so 2880$ in a year.
that would most certainly put my ROI inside of two years, even tho itās mostly old junk iām working withā¦ ofc if i was to add my own hourly wages thenā¦ well not sure why iām doing this lol
If you need $100/TiB/month for a ROI in 2 years youāre definitely using too expensive hardware.
From my experience I usually get $4/TiB/month. For an 8TB drive (~7TiB) thatās ~$30/month. An 8TB drive costs 160-170 euros here (a WD My Book / Elements enclosure), ~$190. Ignoring held back amount, thatās ROI within 6 months!
Even if you needed to buy server hardware (~$50 for raspberry pi 4 with power supply) and include electricity costs $.20/kwh ā $20-40/year.
One hard drive and one raspberry pi, one time investment of around $250 and ~$30/year running costs. Payout around $300 for a year. Iād say thatās pretty profitable: profit over 3 years would probably be $500-$700. Depending on your job you might not think this is worth it, but I think it sure is!
ofc if i was to add my own hourly wages thenā¦ well not sure why iām doing this lol
Assuming you are a basic sysadmin (i.e. you know what SSH is, how to set up a webserver or samba share) it should take you 2-3 hours max. In normal conditions, the storage node needs no maintenance, other than a docker(-compose) pull like your other software.
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i decided to go the route where itās more economical as i scaleā¦ also here the electricity prices are more like 0.30$
and i kinda wanted a server anywaysā¦ kinda want to build a small data center, and only 4 months inā¦ and system is only at 10tbā¦ i should be able to keep in profit at 1.5$ per tb when i pass the 100-150tb range.
so yeah i would have been better off with a rpi, but thats like a toy with no real HA features, going with a server should give me a lot more stabilityā¦ even if i current is still in the red.
and setting up the systemā¦ well i decided to make the switch from windows to linux using zfs ā¦ so lots of things to learn and mistake to make and suffer forā¦ but long term iām sure it will be a great benefitā¦ one iām paying for in the beginning.
I have a relatively large server, Ryzen 7 1700, 32GB RAM, many hard drives, I use it for a LOT of stuff. Still, one 8TB storage node manages to cover electricity costs for the entire machine. I think thatās pretty impressive, by adding one hard drive I have removed yearly running costs of my server!
It uses 70-100W depending on load, even if your electricity costs were as high as 35 cents itās $200 in electricity compared to $300 payout from the storagenode
iām on an old dual cpu x5630 (16threads) rack server, with 48gb ramā¦ canāt really get it below 220watts continual drawā¦ doesnāt seem to affect it if its running full tilt or 1% cpu utilizationā¦
i do really enjoy having my own server tho, also set aside a 10x10meter room to make a proper server room. xD
ill be happy if it just covers the electricity, but ofc after 4 months iām still getting like 30% payoutā¦ getting close to earning what i kinda suspect my electricity costs areā¦ sadly i will need a DAS next time i expand my poolā¦ or replacing existing smaller drives with some 16tb or soā¦ but that gives me the trouble of getting rid of the hddās againā¦ but we will see what happens ā¦ for now the system isnāt going to change to much before the node is getting close to fullā¦
zfs also really loves to have many drivesā¦ so many drives lol
how much wattage do your ryzen draw?
I donāt know the CPU specifically, but the entire system with 3 SSDs, 7 HDDs, 2x16GB ECC memory and a ryzen 7 1700 draws 70W-110W depending on load.
I used to have a server with an x5650 and moved to Ryzen. Ryzen is insanely cheap, very performant (way better than the x5650), power efficient, and has ECC support if you choose the right motherboard.
ZFS is great but I wouldnāt use it for storagenodes. You lose a lot of capacity to parity and metadata. Running one storagenode per disk seems most profitable and is the recommended setup
yeah, but i think i paid 5$ pr cpuā¦ so difficult to beat that lol 10$ for 16 threadsā¦
but yeah you really save on the power thereā¦
i kinda like running it on zfsā¦ tho after having moved a 6tb and now 9tb node a couple of times between poolsā¦ well then i really would have liked to do it correctly from the get goā¦ really the whole plan with having a big pool is that i can share the iops between many tasks, and get the advantages of arc, l2arc and slog on everything.
and then there is the redundancy thingā¦ which already saved my pool a couple of times because the server has been mistreated and thus has some issues with bad drivesā¦ maybe they didnāt like being exposed to minus 20 celcius last winter xD
i kinda like my old junk serverā¦ allows me to be a little more fast and loose with my choices on how i maintain the systemā¦ recently learned that controlling humidity is pretty importantā¦ lol literally everything is corroded inside itā¦ at one point the fan power cables started breaking by themselves because they had corroded through lol
but yeah had i taken into account the power costs long termā¦ then i might not have made the choices that i didā¦ on the other hand then i might have had a almost brand new totally corroded server by now ā¦ i suppose there are always advantages and disadvantages to everythingā¦ 