Why is a grant of $100K even a story? Pet vacation startups seem to be able to attract $20M, so this seems sort of nothing.
Blockchain data storage startup Storj recieves $100k grant funding
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Re: Blockchain data storage startup Storj recieves $100k grant funding
#12I'm just wondering If I rent my storage, will it cover cost of electricity and HW amortization on average? Or will I lose money?
Re: Blockchain data storage startup Storj recieves $100k grant funding
#13Why is a grant of $100K even a story? Pet vacation startups seem to be able to attract $20M, so this seems sort of nothing.
other people disagree. If you don't want to hear about it, hide it.
Re: Blockchain data storage startup Storj recieves $100k grant funding
#14Why is a grant of $100K even a story? Pet vacation startups seem to be able to attract $20M, so this seems sort of nothing.
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Re: Blockchain data storage startup Storj recieves $100k grant funding
#15I'm just wondering If I rent my storage, will it cover cost of electricity and HW amortization on average? Or will I lose money?
They idea is to make use of unused storage capacity in existing machines, rather than standing up new ones just for Storj. The electrical cost should be minimal if your computer already stays on most of the time.
That said, I haven't seen hard numbers on the background compute load and associated marginal increase in power consumption. Shouldn't be anything close to the CPU-Hard task of Bitcoin mining though.
Re: Blockchain data storage startup Storj recieves $100k grant funding
#16Until you can educate the public (and ISPs) on the importance of upload speeds, this will be crippled. I constantly meet people who cannot understand why their upload of some video is taking forever when they have 30Mbps internet. Send them to speedtest.net or another bandwidth tester, and you find that their download speed may be 20+Mbps, but their up speed is 1Mbps or less. And since saturating your upstream connec…
How it works would be at the bottom of the page labeled whitepaper (https://storj.io/storj.pdf), or you could have clicked on the link labeled Github (https://github.com/Storj/) to look at the code.
Storj is a direct competitor to Amazon S3. We don't have to educate the public, just the developers that need to store data somewhere.
Re: Blockchain data storage startup Storj recieves $100k grant funding
#17Until you can educate the public (and ISPs) on the importance of upload speeds, this will be crippled. I constantly meet people who cannot understand why their upload of some video is taking forever when they have 30Mbps internet. Send them to speedtest.net or another bandwidth tester, and you find that their download speed may be 20+Mbps, but their up speed is 1Mbps or less. And since saturating your upstream connec…
How it works would be at the bottom of the page labeled whitepaper ( https://storj.io/storj.pdf ), or you could have clicked on the link labeled Github ( https://github.com/Storj/ ) to look at the code. Storj is a direct competitor to Amazon S3. We don't have to educate the public, just the developers that need to store data somewhere.
Yes, I did already scan the whitepaper. The point is that there is no real information in the video that they title "How does it work?"
And if they are in fact targeting developers, then the video makes even less sense as devs will be far less impressed than laypeople.
Re: Blockchain data storage startup Storj recieves $100k grant funding
#18Earlier quoted context omitted.
How it works would be at the bottom of the page labeled whitepaper ( https://storj.io/storj.pdf ), or you could have clicked on the link labeled Github ( https://github.com/Storj/ ) to look at the code. Storj is a direct competitor to Amazon S3. We don't have to educate the public, just the developers that need to store data somewhere.
Yes, I did already scan the whitepaper. The point is that there is no real information in the video that they title "How does it work?" And if they are in fact targeting developers, then the video makes even less sense as devs will be far less impressed than laypeople.
27-30sec show the upload process and security, 45-51 sec down the download process and speed. The middle of the video describes the encryption process.
I disagree that its devoid of how does it work, but sure I could see someone wanted more info in the video. What do you suggest needs to be included?
Re: Blockchain data storage startup Storj recieves $100k grant funding
#19Re: Blockchain data storage startup Storj recieves $100k grant funding
#20I'm not sure how this is a story. This startup has been around since at least 2014:
https://cointelegraph.com/tags/storj
$100k of funding after 3 years of development doesn't really seem newsworthy.