Storj

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Storj is based on blockchain technology and peer-to-peer protocols to provide the most secure, private and efficient cloud storage.

This community is intended for discussion related to Storj and its various applications as well as projects and ideas related to the Storj project.

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Is it worth starting? (alien.top)

submitted 1 year ago by SadCarot0@alien.top to c/storj@blockchained.world

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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

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[–] reddit-toq@alien.top 1 points 1 year ago

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.