STORJ on Polygon?

Any plans for such support? It is better for micro transactions and small payouts. Would be best, actually, for any size SNO, especially the ones with multiple nodes.

Hello :slight_smile: I can’t see any public announcement for Polygon (Dec21), and there is no blueprint in place for implementation, so probably not anytime soon. If you haven’t opted in to ZkSync, and your monthly earnings are under $50, then you might want to review your decision given the minimum payment threshold for L1, versus the risk of your node / hard drive failing…

Also below covers many of those points for you.

That I read already or what concerns me there. Can set my storage nodes for zkSync payouts, but not sure, if I can swap the STORJ for ETH on zkSync and how, yet.

This isn’t available from what I can see (Dec21) although there are some promising options on Beta which look really exciting…I just hate waiting…

What I would say is how risky you feel ? If your node dies or gets disqualified on L1 wallet, would you be happy loosing all the months of earned $ - Storj would obviously quote that you “haven’t” lost the $$, they will be held safe at Storj HQ until your wallet hits the pay out threshold - but practically, you would have to start a new node and wait for it to hit the payment threshold {we are talking years based on current traffic (Dec21) and Start-up’s like Storj are very volatile, who know’s who might own them in 2 years time…they are not an opensource community or foundation project so do your research}

Remember with Crypto… 1% of something you have custody of, is better than 99% of something someone else owns :slight_smile:

Do you have a souce for that? AFAIK they still payout on L1 - disregarding the minimum payout limit - if there is no active node running on a payout address.

tl;dr; move to zkSync if you don’t want to gamble your L1 $$ on how good you are at running a node :slight_smile:

Also, thanks for completely misreading my post, and quoting out of context, I :heart: that I get to explain more specifically as to WHY storj will not payout on L1 when you don’t disregard their enforced minimum payout limit.

Let me be more specific :slight_smile:

Assuming;

  1. Your node is registered on a L1 wallet, it is your only node running.

  2. Your node is under 15 months old and earns on average $6 a month

  3. You have $30 withheld, waiting for the L1 minimum payment threshold based on ERC-20 txfr fee for the past 5 months…

  4. Your node dies, and is completely unrecoverable - you have $36 owing to you, but as you agree - this will not be paid until you meet the

  1. As per my misquoted text;

If your node dies or gets disqualified on L1 wallet, would you be happy loosing all the months of earned $ - Storj would obviously quote that you “haven’t” lost the $$, they will be held safe at Storj HQ until your wallet hits the pay out threshold - but practically, you would have to start a new node and wait for it to hit the payment threshold {we are talking years based on current traffic (Dec21)

I hope that clarifies :heart:

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I don’t have a quote, you can use the search feature on the forum yourself if you want to find it. But I can confirm they stopped doing terminal payouts below the threshold, mostly because node operators complained about limitations put on good operating nodes, but disqualified nodes being paid sometimes even just a few cents. If the L1 fees ever drop below the threshold, you will still get paid though. Maybe after the merge that will become more likely. But if the postponed payout is a low amount, you could be waiting a very long time.

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I am trying to, but the exchange I use does not support STORJ over zkSync. They support ETH over zkSync, so looking for ways to swap STORJ for ETH on zkSync… Testing out Numio, but it hangs and loads forever when I try to enable STORJ over zkSync, so I get a wallet and update my nodes. There, I guess, will be where I can swap it for ETH and send to my exchange, which has a pre-paid card associated with it, so I can spend on node expenses and whatever… So right now changing to zkSync (L2) does not make much sense for me. I can’t spend it anywhere and have to transfer to L1 with meta mask, which is double fees and… Blah! Any other solution to swap zkSync received STORJ for something else?

It is time we bring it on the table then. Polygon supports micro payments. It would be best that Polygon network gets implemented for payouts. This way everyone can receive even the tiniest amount on their smallest node. Node operators with multiple nodes and new operators could benefit from this greatly! This should become the hot topic here.

Let them know you want this by listing it in their payout info.

Thanks @o1eal, I stole your description from the zksync instructions and adjusted it. :wink:

GUI/binary (Windows or Linux)

If you’re running a graphic user interface version of Storj software, you need to update your config.yaml file to include:

operator.wallet-features: ["polygon"]

or

operator.wallet-features: ["polygon","zksync"]

Docker

If you’re using docker, modify the run command to include the text --operator.wallet-features="polygon" , as follows:

docker run ... storjlabs/storagenode:latest --operator.wallet-features="polygon"

or

docker run ... storjlabs/storagenode:latest --operator.wallet-features="polygon,zksync"

Docker-compose

If you’re using docker-compose, add the following line to the docker-compose.yml file:

command: --operator.wallet-features="polygon"

or

command: --operator.wallet-features="polygon,zksync"

@littleskunk just to double check, are these the right formats for listing both?

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:rofl: :rofl: :rofl:

I appreciate the laughs, but that was actually not a joke. You can list payout options you support to signal demand for it. It’s been suggested by Storjlings before.

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And what if I have different wallets for Polygon and zksync? I guess I could import the one for Polygon to zksync. Will try…

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One hopes zksync doesn’t have similar bugs…

This is exactly my situation as well.

It really helps that your transfer is cryptographically ensured on the Ethereum blockchain within 10 minutes. So even if such bugs arise, it could only ever effect those transfers that haven’t yet been published back to Ethereum.

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That discounts the impact of such bugs on the token value itself. The link I posted indicated the bug cost Polygon $2 million USD. What if it had been much larger? It could have sent them broke in one go. I’m not sure the tokens held in private hands would retain the same value in the event of such a breach.

I really like “could have been” stories a lot… because they DID NOT HAPPEN AT ALL. :rofl: :rofl: :rofl:

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I was talking about zksync, which has no token itself.

Not only that, but it has one time token link fee and in the case of STORJ it seems to be about $30 and this is about what a node earns in a year with the current traffic, which is pure bs to me…