My first payout

Node Operators
1

Hello,

I started a node a few monthes ago and i’m about to get my first payout. I would like to know if I set up correctly my payout wallet.

As I didn’t have a wallet I had put my binance deposit account addr for storj coin (the one concealed in red in picture below), note that i’m not a us resident (i’m in France).

Does using this address will work for the payout and is there any backside (not about that i don’t own the private key, more like big transaction fee on payout) that should me use another address ? (and which one, as an example i have access to token storj on my metamask wallet (on ethereum main network), but to me it look somewhat similar as binance address)

Many thanks for your advise,
Olivier

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Edit : looks like I should have read first : Storage Node Operator Payout Information | Storj Docs

So if I had correctly understood this should works, but fees will be high and I should wait having around $50 (25% used in fees)

I’m currently checking for that zkSync thing.

2

I do indeed recommend zkSync, but be aware that at the moment you would still have to pay for a withdrawal transaction if you want to later move it to an exchange. This is a little more expensive than a token transaction on ethereum and to compensate Storj pays a 10% bonus on zkSync payouts.

Unfortunately this number has changed to the fees being less than 10%. So you need to have earned well over $100 to see your first payout. That’s quite annoying, but the zkSync option will help.

@Alexey seems the linked docs still say 25%, is that something you could update?

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3

I have confirmed that the payout threshold for L1 is still 25%, it won’t be changed to 10% until after we first announce it beforehand.

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4

My bad, I thought it was live already. Disregard my message then.

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5

I wouldnt use zksync I use polygon and the fees are much less of zksync and you also get paid every month.

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6

Hello,

Polygon seems not listed in the documentation, do you have any example how to setup polygon payout ? On my metamask I can only see storj on ethereum mainnet network, not on polygon network.

Many thanks.

7

Thanks for the explanation,

I’ve understood that eth2.0 when deployed should decrease network fees, does it apply to storj payout or is it completly unrelated ?

Many thanks.

8

That would apply to all transactions on Ethereum including Storj. But nobody really knows how big that impact will be. I would personally not count on significant drops in cost.

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9

Thanks for the clarification.

10

binance wallets works fine in my experience.

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11

Please do not call deposits “wallets”. You have no control above private keys from these addresses, so money belongs to the keys owner - i.e. Binance. For them these addresses are wallets.

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