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.
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
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.
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.
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