Is there money to be made? Total noob,over

[Kristian]

I have 30 TB of unused space, distributed on 5 brand new disks.
Can I use these as storage in your system?

My internet speed:
Mbps download 45.9
Mbps upload 47.4
Maybe I need to upgrade this?

I live in a fairly stable part of the world, (norway) and power outages are rare. I have had 2 fractures in 15 years.

Will I be financially responsible for any downtime on the server?

Will I be able to make some money on this, and will it be able to cover the power costs of the disks and PCs?
Can software be run from one or more new raspberry pi’s?

maybe this is kids questions in the big boys legue. i dont know. just liked your project.

(have not read the FAQ yet, just a little exited)

thanks

[Alexey]

Hello @Kristian ,
Welcome to the forum!

@Alexey

The usage depends on the customers’ usage, not hardware. You can run node even on router: Running node on OpenWRT router?
The internet speed is matter not in general but between your node and the customer.

Each new node must be vetted. The vetting node can receive only 5% of the customers’ uploads until got vetted. To be vetted on one satellite the node should pass 100 audits from it.
For the one node in the /24 subnet of public IPs it should take at least a month.
If you have more than one vetting node in the /24 subnet of public IPs - the vetting process could take in the same amount of times longer as a number of such nodes.

The vetting progress you can see with this Community Earnings calculator (Update 2021-12-08: v10.4.0 - Detailed earnings info and health status of your node, including vetting progress)

The Realistic earnings estimator is a good resource to get an estimation depending on age. It’s updated to use the current Community stat.

[twl]

@Kristian

Mbps download 45.9
Mbps upload 47.4
Maybe I need to upgrade this?

This is sufficient for now.

@Kristian

Will I be financially responsible for any downtime on the server?

You will be disqualified for prolonged downtime and some amount of your payment may be held back to cover the costs on the network side. You can not lose money in this project, if that is what your question was aimed at.

@Kristian

Will I be able to make some money on this, and will it be able to cover the power costs of the disks and PCs?

Use the linked earnings calculator for that. The best way is to start with this project in order to have some fun and learn a bit instead of hoping to get mad rich. Some of us here have made some good money tho.

@Kristian

Can software be run from one or more new raspberry pi’s?

Yes.

[Pac]

@twl

You can not lose money in this project, if that is what your question was aimed at.

Well, I guess we can say that you’re not gonna owe Storj any money (unless you do something really stupid that makes them sue you or something )

But if your setup costs more money to run (electricity costs, hardware, rent, crypto taxes and whatnot…) than what Storj gets you, then you may lose money. In theory.
Just do the maths before starting

[twl]

@Pac

Well, I guess we can say that you’re not gonna owe Storj any money

This is indeed a better way of saying it