MAR 10, 2020: Februay SNO payouts are complete

Good morning everyone! There are quite a few points I am going to try to address from the last 12 hours or so of conversations you all have had:

  • Multiple payouts per node: We recently automated the Storage Node Operator payout calculations we do every month and in that process, we decided to switch over to multiple transactions per wallet (1 transaction per node) because in this new payout process once the payouts are completed we feed “receipts” back into the satellite so that the satellite can essentially reconcile the payments and update the data we have for each of the nodes. Part of the reason we are doing this is so that we can display more information about the payouts on the Storage Node Dashboard for our SNO’s.
  • Concern over transaction fees because of multiple payouts per wallet: This is definitely something we are keeping in mind and we are exploring possible solutions for how to make sure the transaction fees are not too expensive. just to put this month’s payouts into perspective we are spending less than $500 USD for almost 40K transactions on the Etheruem network so it is still manageable for us. Some ideas we have been exploring is having a minimum payout and some advanced smart contract stuff that would allow SNO’s to cashout when every they would like.
  • Stefans Satellite: Stefan’s satellite has been around since we launched our first alpha and his satellite has played a tremendous role thus far. We have used it for extensive testing, making sure we are building out the satellite in a way that makes it possible for anyone to run, giving us a benchmark to compare the other satellites we run, and making sure we are uploading/ download enough data on the network to ensure our SNO’s are getting decent payouts while we have been in pre-production. It has not been formally communicated to everyone what will happen with Stefan’s satellite but one thing we are doing is moving more of our testing/ uploading/ downloading efforts to the salt lake city satellite.
  • Salt lake city satellite: This is a new testing satellite we spun up to do load testing, stress testing, can upload/ downloading on the network with. This satellite is only going to be used by Storj employees.
  • Last months payout vs this months payout: Last month we paid out SNOs about $160k this month we are paying out SNOs about $115K

I hope this clears up some of the confusion please let me know if you have any other questions!

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