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Blockchain data storage startup Storj recieves $100k grant funding

econotimes.com

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Re: Blockchain data storage startup Storj recieves $100k grant funding

#21

Post by milansuk »

edraferi wrote: post #15
milansuk wrote: post #12

I'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.

Thanks, I found this article which says that you can actually make a profit: http://blog.storj.io/post/110416906278/how-much-will-i-make-...

Re: Blockchain data storage startup Storj recieves $100k grant funding

#22

Post by gnodar »

wheelerwj wrote: post #13
coldcode wrote: post #10

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.

other people disagree. If you don't want to hear about it, hide it.

It's a valid question. There have been lots of grants given out for Blockchain applications. I'm curious why this particular one is receiving attention from Hacker News. For example earlier this year DHS awarded 6 separate companies for Blockchain solutions[0], each of which were awarded $100,000. Some of them will probably move on to phase 2 and receive $800,000.

[0]:https://www.dhs.gov/science-and-technology/news/2016/06/07/d...

Re: Blockchain data storage startup Storj recieves $100k grant funding

#23

Post by super3 »

altoz wrote: post #20

I'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.

While we are excited we got the grant I kinda agree. Our stuff like the whitepaper (https://storj.io/storj.pdf) or KFS (http://blog.storj.io/post/150825969108/introducing-kfs-a-loc...), allowing you to scale LevelDB past 100GB, are way cooler and more relevant to Hacker News.

Re: Blockchain data storage startup Storj recieves $100k grant funding

#24

Post by hncommenter_ »

wheelerwj wrote: post #13
coldcode wrote: post #10

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.

other people disagree. If you don't want to hear about it, hide it.

why? let's complain!

Re: Blockchain data storage startup Storj recieves $100k grant funding

#25

Post by buzzybee »

blunte wrote: post #9

Until 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…

That never stopped Bittorrent.

Re: Blockchain data storage startup Storj recieves $100k grant funding

#26

Post by wheelerwj »

gnodar wrote: post #22
wheelerwj wrote: post #13

Earlier quoted context omitted.

other people disagree. If you don't want to hear about it, hide it.

It's a valid question. There have been lots of grants given out for Blockchain applications. I'm curious why this particular one is receiving attention from Hacker News. For example earlier this year DHS awarded 6 separate companies for Blockchain solutions[0], each of which were awarded $100,000. Some of them will probably move on to phase 2 and receive $800,000. [0]: https://www.dhs.gov/science-and-technology/news/…

its Saturday, there isn't much else going on, it was 100k from a state agency, in Utah no less, i mean.. why not?

some people are into it.

Re: Blockchain data storage startup Storj recieves $100k grant funding

#27

Post by wheelerwj »

hncommenter_ wrote: post #24
wheelerwj wrote: post #13

Earlier quoted context omitted.

other people disagree. If you don't want to hear about it, hide it.

why? let's complain!

GAH HOW DARE THEY!!! that's valuable pixel space!

am i doing this right?

Re: Blockchain data storage startup Storj recieves $100k grant funding

#28

Post by kordless »

blunte wrote: post #9

Until 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…

You are speaking for others and making biased comments to attack a fairly mature technology of which you yourself claim to have no knowledge. Poking at it with the (rationalized) argument "your bandwidth will suck" is the epitome of a zero-substance comment.

Re: Blockchain data storage startup Storj recieves $100k grant funding

#29

Post by elcritch »

wheelerwj wrote: post #26
gnodar wrote: post #22

Earlier quoted context omitted.

It's a valid question. There have been lots of grants given out for Blockchain applications. I'm curious why this particular one is receiving attention from Hacker News. For example earlier this year DHS awarded 6 separate companies for Blockchain solutions[0], each of which were awarded $100,000. Some of them will probably move on to phase 2 and receive $800,000. [0]: https://www.dhs.gov/science-and-technology/news/…

its Saturday, there isn't much else going on, it was 100k from a state agency, in Utah no less, i mean.. why not? some people are into it.

The Utah part is definitely interesting. Plus, it's interesting to hear about non-"big VC" funding. A grant of this size for a small business could help stabilize payroll for several devs, e.g. it can have a decent multiplier effect.
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