Following along with the changes we made last month with the payouts for the month of May (Update on June 2020 Payouts), I wanted to update everyone about how payouts went this time and what we’re considering for the future.
First off, payouts are complete and the data has been imported back into the Satellite. Please make sure to check your SNO dashboard! (Edited to add: There may be up to 12 hour delay on your dashboard information.)
Like we switched to last month, we did a single transaction per wallet, across all Satellites that Storj Labs manages. As I’m sure you can see on the blockchain, we took what would have been 50k transactions (previous months) down to 4558, so, much more efficient blockchain usage.
We still had a few transactions where we spent more on gas than the actual value transmitted, though far less. We are contemplating either making it such that SNOs can trigger withdrawal when they want to (if they pay gas), or perhaps establishing a minimum balance before we automatically disburse. Any more thoughts on this? Lots of great feedback on the previous thread.
We heard the feedback from last month about how we should make it easier to calculate your cost basis for tax purposes, and we are contemplating putting the spot price at the time we did the transaction into the SNO dashboard in addition to the transaction hash. I don’t have an ETA on this yet but does anyone have thoughts on how to make this the most useful?
Anyway, thanks to the SNO community! You’re the backbone this project rests on! We wouldn’t be able to offer our storage product without you!