Hacker News new | comments | ask | show | jobs | submit login
Former Docker CEO Ben Golub Joins Storj as Executive Chairman and Interim CEO (techcrunch.com)
22 points by tomstokes 10 months ago | hide | past | web | favorite | 3 comments

Has anyone done an analysis behind the economics of distributed storage like this?

Im genuinely curious. At first glance I cant see paying an individual or company ever being made lucrative enough. Its like the inverse of facebook, where individual monetization is small but only in aggregate is the system worth boat loads of money.

These new building blocks are facinating, but the whole model so far seems to be “we own lowest common denominator”

I’ve “farmed” storj for about 6 months. I don’t get the economics. The payout varies. But for 50-100 GiB I’ve gotten about $20. It’s not a direct easy calculation but I seem to be getting about 6 cents per GiB (20/6=3.33 into 50GiB).

The model is supposed to be that you can pay to store data. But oddly, their site doesn’t seem to allow that any more (https://storj.io/faq.html). That may be new. The price last time I checked was 1.5 cents/GiB/month. This seems bad compared to S3’s 2.3 (<50tb) or 1.25 (infrequent). Or dropbox’s .8 ($100/100GiB/year).

So from a cost perspective it’s bad for the user and doesn’t match up with io (paying farmers 6 cents, charging users 1.5 cents). But it’s a good idea in principle. Would work better as an open source community or non-profit foundation or something. Setting up a ratio of something like share 5GiB to get 1GiB would be really useful for a personal backup service.

So I’m sticking with it as a user.

As a farmer, I would think the economics would be 1 > 0. Meaning it's better to make something off of what you have sitting there anyways.

Guidelines | FAQ | Support | API | Security | Lists | Bookmarklet | Legal | Apply to YC | Contact