Minimum Threshold for Storage Node Operator Payouts

Why would you wanna get paid without doing the work? You’re trying to make a comparison to NOT PAYING YOU, when in fact you yourself stated that the payments have simply been POSTPONED.
There’s your difference. Very welcome.

3 Likes

No @twl I’m still doing the work, it is only postponed until I find a new drive. In my comparison both parties are postponing to whenever they like for wathever internal reason.

No, you are not doing the work. Without a drive you are not delivering or accepting data (not working). If you were to store the ingress in your RAM until you hotplug a new HDD (postponing), you would get payed since you are doing the work.

Also, payments are not a simple “internal” reason. I understand you are upset because the fee side of payments is indeed Storj’s problem, but after all, payments are an issue that SNOs should think about as well.

1 Like

The reality is under the current system many of the postponed payments will never, ever be made.

2 Likes

Yeah, don’t get me wrong. I previously said storjnet information was unreliable. That cuts both ways. I’m not saying there was an actual increase in nodes. I was merely pointing out that the drop should indeed not have been trusted. You’re right, it doesn’t show the whole story. But have a quick look at the repair traffic on your node. Did it go up significantly? Definitely didn’t for me. The truth is that this is not going to be a big problem. For everyone who leaves there are more SNOs joining. I understand wanting to use the threat of leaving as leverage, but I have bad news for you. That likely won’t impress Storj Labs. Now here’s the good news. Despite that they seem to care a lot about keeping SNOs happy. So instead of threats, if you want to incentivize them to fix things, focus on telling them why you’re not happy and how they might be able to fix it. I assure you that that is the far more effective way to effect change compared to empty threats without leverage.

You can’t “catch up” on missed work. Storj Labs can and do catch up on postponed payouts. Obviously not the same.

The reality is that all of them will eventually be made. The reality is also that as long as they aren’t made, transaction fees are too high to do anything with them anyway. And even more, the reality is that starting next month you have an alternative to get payout right away. Your claim doesn’t add up.

3 Likes

Garbage. For many smaller nodes that decide to leave early after say 6 months or thereabout they will never reach the current thresholds for payments. As for the alternative payment model, many will not setup to use such a system for only a few dollars if they plan to walk away. So I think my notion does stand up and I disagree with you.

If pending tranactions would not block following transactions I would suggest to just sent the payments using a reasonable gas fee. People will see that there are transactions pending which eventually will arrive, but no one knows when, maybe never. At least it will stop half of the whining.

That’s my point, for them it wouldn’t be worth moving the tokens anyway. I don’t suggest there isn’t an issue for small node operators, but their issue is with Ethereum, not with Storj Labs.

1 Like

If the dashboard will show how much payment has been collected and how large the threshold is, people should understand and trust that they’ll eventually get there. Becoming a SNO is about long term commitment. There are no fast results.

doesn’t reconcile with:

This will be added soon. At least what has been postponed. Since the threshold changes with the costs I’m not sure if they can easily include it.

Yes it does. They will eventually get paid, but before that it doesn’t make sense to move the tokens anyway.

and that is the part I disagree with you about. I don’t see the conversation advancing any further as we aren’t going to agree.

From a technical perspective you’re right, of course I can’t catch up on missed work. But, why is that important? The technology will solve this perfectly. Others will take over my work, they get paid for it. Yes, that will cost Storj some money for the repair (assuming they will ever resume payments :wink:).

It’s the same for me. Postponing payments will force me to use other funds to pay my ISP and electricity. Please keep in mind that I’m talking about the principle. That is bothering me. It would be a lot different for me when Strorj would compensate SNO’s for the delayed payments.

But I’ll tell you the difference of my comparison. Storj can run a network without me, but I can’t without Storj.

This whole situation made me realize that there is a huge imbalance in the division of power between Storj and individual SNOs. Your earlier remark about “happy to receive your data” made me realize that it is in my interest to see others leaving. Hence Storj can tweak their reliability, their tariffs and any other parameter they have to optimize the number of SNOs with the demand in the network.

This is a problem that would concern me as potential tardigrade customer. The technology is decentralized, but the power over the network is not. I think now that it can’t work without big clients running their own satellite. Perhaps we need a marketplace where an individual can offer their storage, set their own tariff and a party like Storj will handle payments.

Storjlabs was always stressing that SNOs use what already they have and not buy dedicated hardware. Just repurpose it and earn a little extra. So you pay your ISP anyway even without being a SNO, that is no reason. If you would follow the brief. You would just use some empty space on your NAS to run a node. The NAS also runs anyway, so no extra electricity.

3 Likes

if most people followed storj’s policy to the letter they would make pretty much nothing at all and likely lose a portion of that too due to the recommendation of not using drive redundancy. Since the recommendation is to use hardware already existing and my critical data is either on zfs or hardware raid I use that for storj too even though it doesn’t maximise my available space it does reduce my risk of losing everything.

2 Likes

I know @tylkomat. In reality I don’t need the few bucks from Storj to pay my bills. I’m just comparing Storj behaviour with a SNO not doing their part of the deal. It’s about the principle. Advising not to buy dedicated hardware is no reason to stop or postpone their obligations.

1 Like

I did, never spent a dime of my own money and I make almost $70 a month now on hardware that was already always online and a connection I already had. It’s pure profit for me. I did buy some stuff for Storj specifically, but only ever from income I made from it as well.

Yes, but you’re still comparing a trade with postponing payout, to one where one side simply doesn’t deliver. It’s just a bad analogy.

3 Likes

There is also a concept called “opportunity cost” in economics. in that assets and resources deployed on one project become unavailable to be deployed elsewhere. People also need to take account of that. You may be the perfect fit for the storj model and to be able to make a decent income from it but that certainly does not apply to everyone or even I would argue most people.given your timing for entry into the project. Looking around me I count about 22TB of storage on different systems. But most of that is allocated to projects or testing. I’ve only given 2TB to storj so far.

1 Like

Well since Storj right now pays for all HDD expansion I need for Storj and other uses combined. I still come out ahead. But you’re right that joining earlier has helped with that. I think that’s still possible though, since the income per TB hasn’t changed all that much. It’s a similar tradeoff. If you calculate the actual cost of that 2TB of space, Storj will likely earn that back in little over a year.

1 Like

So the others already got paid for it while you where offline. You will be paid again when you are back online.