The payment cycle is too late. 75% deposit is too much

Ideas & Suggestions DCS feature requests - voting
1

The payment cycle is too late. really, no one stays in this project for profit. but they run node within the mission. I’m sure you will need to update this payment cycle soon because as the project is used by more people, the supply-demand balance will deteriorate and you will need more data fields. Keeping it inside 75% for 3 months is too much, this way you drive away those who run professional nodes. the loop should be like this

:this is what should be
Must be able to receive 50% of earned money after 30 days
Must be able to get 75% of earned money after 60 days
Must be able to receive 100% of earned money after 180 days

otherwise the nodes will not be decentralized, which will be against the mission of the project.

current order

Months 1-3 : 75% of Storage Node revenue is withheld, 25% is paid to the Storage Node Operator

Months 4-6 : 50% of Storage Node revenue is withheld, 50% is paid to the Storage Node Operator

Months 7-9 : 25% of Storage Node revenue is withheld, 75% is paid to the Storage Node Operator

Months 10-15 : 100% of Storage Node revenue is paid to the storage node operator

Month 16 : 50% of total withholdings are returned to Storage Node Operator, with the remaining 50% held until the node gracefully exits the network

2

I find confusing that even though you advocate for getting fully paid faster, at the end of your post you’re actually describing the current scheme without making it clear :thinking:

3

comparison is essential in Kant’s philosophy, I compared both orders

4

Let’s set up a trade union to fight for better working conditions of the working node operator class!

2 Likes
5

yes it would be a summary of karl marx philosophy with blockchain. I laughed out loud

6

The “deposit” (Held amount) will be used to pay to Storage Node Operators for recovering lost files, if your node disappear from the network or lost files.
I’m SNO too, so I feel you. However we must have some incentive for operators to stay longer in the network.

3 Likes
7

When I decided to delete my first node after 8 months service the withheld amount was completely meaningless and didn’t factor in my decision making whatsoever. It was so trivial an amount as to be laughable.

1 Like
8

You just aren’t going to earn much in your first month so whatever percentage you nominate it’s still going to be a few cents. Vetting will limit what your going to get.

9

The effort to make money is always more than the fear of losing money. because losing is limited, winning is unlimited

10

I think you will find there are quite a few limits in terms of “winning” in Storj.

2 Likes
11

There’s bound to be someone who wins. Otherwise we wouldn’t have reached this level.

12

Just to put some numbers behind this, I’ve worked out (roughly) what the current scheme is going to cost someone running a 6TB disk based on some very very rough numbers.

Assumptions:

  • 6TB disk with a slow ramp up (250gb) for the first 4 months, medium (500gb) for the next 4, fast (1gb) after that until full
  • Egress bandwidth is 10% of the data stored
  • Audit and Repair bandwidth is 5% of the data stored

The headlines are that after 3 months they’re holding $4.39 (and have paid out $1.46) and 18 months Storj are holding $11 (and will do until I leave) and have paid me $256.

Table for details:

Current Method
Month Stored (gb) Egress (gb) Repair (gb) Income Held Held so far Paid out so far Held
1 250 25 12.5 $0.98 $0.73 $0.73 $0.24 75%
2 500 50 25 $1.95 $1.46 $2.20 $0.73 75%
3 750 75 37.5 $2.93 $2.20 $4.39 $1.46 75%
4 1000 100 50 $3.91 $1.95 $6.35 $3.42 65%
5 1500 150 75 $5.86 $2.93 $9.28 $6.35 59%
6 2000 200 100 $7.81 $3.91 $13.18 $10.25 56%
7 2500 250 125 $9.77 $2.44 $15.63 $17.58 47%
8 3000 300 150 $11.72 $2.93 $18.55 $26.37 41%
9 4000 400 200 $15.63 $3.91 $22.46 $38.09 37%
10 5000 500 250 $19.53 $22.46 $57.62 28%
11 6000 600 300 $23.44 $22.46 $81.05 22%
12 6000 600 300 $23.44 $22.46 $104.49 18%
13 6000 600 300 $23.44 $22.46 $127.93 15%
14 6000 600 300 $23.44 $22.46 $151.37 13%
15 6000 600 300 $23.44 $22.46 $174.80 11%
16 6000 600 300 $23.44 $11.23 $209.47 5%
17 6000 600 300 $23.44 $11.23 $232.91 5%
18 6000 600 300 $23.44 $11.23 $256.35 4%
13

Ye no you are right I was thinking the same, by the time my node got 100%pay it just crossed 2TB they hold approximately 12$

My node is till growing at some point the amount held back will not be able to cover cost in case my node crashes. So I’m theory the held back should be for longer

At least those are my two cents

14

I’m discouraged . How did you get these results, I heard that the traffic rate is 30%

15

You can use this Realistic earnings estimator to have an idea.

16

30% is more like it actually. When I was looking at my stats for this month:
A) I thought I had more stored than it turns out I do
B) I forgot it was only the 25th
C) I had 2 days offline at the start of the month due to moving disks