So I am a complete beginner to storj, and I have looked out some hardware that i could invest into for hosting a node. It doesn’t cost much (200$) and it only has 4tb of HDD storage, but I do want to buy even more HDDs in the future if all goes well. I calculated it and it would be very profitable at current rates, but i don’t really know what will happen next Thank you for you time and response
Consider CPU mining on spec also on your server but just a tiny bit. I have one physical core allocated using NiceHash OS in a VM and I suspect it’s maybe break even.
It’s cold-ish now outside so the room stays a little warmer. ;)
like everyone else has said, only if you’re willing to donate your drive and time. Don’t expect to make any profit for years to come (unless of course the StorJ token goes to $10 or something 😎)
ive been running a 14tb for about 5 years and make about 15-30 USD a month
Currently, expect 1,5$ per TB per months, with a long time to fulfill your disk, like 10-15GB per days
You are paid for stored data, no provided space
I can confirm, 1.5$/To per month. So, on my side, depending on the electricity cost in your country it’s verry hard to reach profit in less that 2 years.
Also the STORJ network does not scale witht the multiplication of nodes on 1 IP, the total bandwidth is shared, so on an excellent ISP (2.5Gbps on my side) donc expect to fill more than 6TB/year.
I have a Homelab Running 24/7 so power was expected to be consumed. I’ts juste a way to reduce TCO of my homelab.
-– Sidenote
You are paid in storj token equivalent to $, if the token shoots to the moon, that will be profitable on long term.
Do I get paid the 1.5$/Tb even if I’m not storing anything? Is the egree just an extra if someone is using my storage?
IN my opinion, is only worth if you have stable internet and willing to hold whatever minimal payout you get for a while so that you can take advantage of token price increase, when and IF that happen.
Well, I can tell you that I’m thinking about shutting down my nodes, it looks like payouts are below electricity bills. At least when you have PC, maybe some raspberry will be profitable.
Simple answer, no. Best guess it’ll take you 1-2 years to fill up a 4TB drive for maybe a few bucks a month once it’s full. If you have a spare drive sitting around you can put in a computer that’s already on 24/7 I’d say go for it, but the rewards won’t be worth it.
Definitely doesn’t take 1-2 years to fill a node but I agree it’s not worth it.
Do NOT buy hardware to ‘mine’ STORJ. The ROI will be measured in years.
I’ve run a 6TB node for the last 4 years or so, I earn Less than $10 a month currently. If you plan on spending $200 for 4TB it will take 20+ months to earn back the hardware cost and even more for the electricity. And that doesn’t count the initial year that it will take to fill up that 4TB.
STORJ only make sense if you have the hardware already and it is up and functioning for other reasons.
If you are speculating on STORJ and expect the value to go up, don’t. The current spike in value will not be sustained, this happens every year or so and the spikes are very short lived and will bounce back down to previous levels.