No payout for 47 days

[subwolf]

See https://etherscan.io/token/0xb64ef51c888972c908cfacf59b47c1afbc0ab8ac?a=0x76b195AcedDF025C6Ec5Aa4fA86f7C1A4bCfC360 please. Am I missing something?

[baker]

Hi subwolf,

A minimum threshold for payouts has been implemented due to high ethereum gas prices. See the following threads for info:

Minimum Threshold for Storage Node Operator Payouts

Previously, we’ve posted about—and made changes around—how we conduct Storage Node Operator payouts based on steadily increasing Ethereum transaction costs. For example, we’ve consolidated payments across Satellites to reduce the number of transactions, thereby lowering overall transaction costs. The current combination of high gas costs and high ETH value has even made consolidated payments cost prohibitive. We’ve been exploring a solution for a withdrawal-based L2 solution, but we still have …

Feb. 8 Update on SNO Payouts and High Ethereum Gas Prices

Hello Storage Node Operators, Last month in the forum, we announced the introduction of our new minimum payout threshold, wherein we won’t send a payout if the transaction fee costs more than 25% of the overall payout, in USD. This was in response to rising Ethereum gas prices and the associated impact on SNO payouts. As you likely are aware, Ethereum gas prices have continued to increase significantly. As a result, STORJ transactions are now well into double-digits worth of USD per transactio…

[Alexey]

You can opt-in for zkSync to receive your payout independently on high fees and minimum threshold on L1. See

New payment method launched (zkSync)

and https://documentation.storj.io/dependencies/storage-node-operator-payout-information/zk-sync-opt-in-for-snos

[KernelPanick]

I was about to ask about this myself because I didn’t get paid last month. i usually get around $50/mo and was suprised i wouldn’t have met the threshold. Here’s a quote from jtolio that should cover it.

@jtolio

That means a transaction costs $17.41. Our minimum threshold policy (above) is that the transaction fee can’t be more than 25% of the payout, which means we’re doing payouts at 4x $17.41, so $69.62.

[tp19]

funny so i get my payout after 1year or later

[g4m3r]

Currently the Gas fee is $1,175.45, yesterday is was just under $2k.
So you would need ~$4k to receive a payout using ETH, right ?

[tp19]

im still not understand why whey stick with his eth bullshit? for killing node operators and get more bad reputation like a scammers? here have many coins with very low fees. im not really care with coin i receive payment as i will know for my month work i receive pay not my payment fly somewhere in cloud for … knows how long time or run node from my pocket money over 1 or 2 till i retch min payout even i earn min pay i still need to pay high fees to exchange or even move fron one wallet to another wallet so here is 100% no point to spend money to be node operator

[g4m3r]

That’s why I said they should take a look at Cardano, the fees are low and it should be pretty easy to move from ETH to Cardano soon.
If they stay on ETH until the release of 2.0 (maybe 2023?) it will totally ruin (if not kill) their business model, in my opinion.

Some birds are saying Mr. Kim DotCom (Megaupload) plans a decentralized storage platform on the Cardano network. That could be some serious competition for storj in the future.

[remo]

Actually the gas price isnt that bad now.

Ethereum Gas Tracker | Etherscan

[Alexey]

You can opt-in for zkSync and get it every month. Moreover, the fee for withdrawal would be almost the same as on L1 for tokens transfer

New payment method launched (zkSync)

Storj Labs still pays for the transactions, but the cost is much lower, because these are L2 transactions. There was some discussion about the withdrawal costs being higher for SNOs. But from what I can tell the difference is negligible in practice. I looked back at my previous transfers to binance for example and L1 transfer to that address cost 51496 gas. A withdrawal from zkSync to that same address costs 52700 gas. So practically no difference. And the upside is that zkSync will allow you t…

[Alexey]

The fees are low, while we are not there. As soon as number of transaction will grow, it will end as the ETH.
We already did the migration from BTC to ETH for exact this reason. But unlike Counterparty (it’s token network on BTC), the ETH has much more wide community. And much more than on Cardano (or whatever). The migration is painful, it takes YEARS:

Minimum Threshold for Storage Node Operator Payouts

I don’t think that migration to other blockchain could help. We did already in the past and there we are with the exact same problem. You can read here: And also I think that more wide ETH community than any other new blockchain can offer much more solutions like batches, L2, ETH 2.0 The moving was a painful for sure, we still have requests to convert useless SJCX tokens to STORJ, even they are deprecated and not used since 2017 and converter closed in 2019. We do not want to have this again…

And after all we again have this problem with fee.
But we already have a solution - L2 payouts via zkSync and no migration needed.

[Alexey]

I think something wrong with your wallet

Ethereum Gas Tracker | Etherscan