Is farming viable?

[Sotros25]

@JoeSmithJr

as the network fills up with data, less and less coins will be available to farm.

Safecoin are recycled with use. In order to put data on the SAFE Network, the user must pay in Safecoin, which the network then “burns”, allowing for the creation of new Safecoin to be allocated as farming reward.

Safecoin are divisible. My sense is that price per PUT will fluctuate in response to data storage supply (i.e., resource costs and capacity) and demand (i.e., willingness to pay and resource need). Theoretically, 1 Safecoin could buy exponentially more data in year 10 then it could have in year 1.

In light of the points made above (along with other factors), it will likely take decades (if ever) before the max supply of 4.3B Safecoin exist. As has been mentioned, many community members have explored and discussed this topic. For example, I have hypothesized that.

@Sotros25

Let’s say the year is 2025 and 163 zettabytes of data are created that year . Assume that 1 billion Safecoin are in existence and that the SAFEnetwork has captured 5% of data storage market share. In such a scenario, one Safecoin could hypothetically buy 8.15 TB. Today you can get a TB of storage for ~$50. Even though I expect that by 2025 you’ll be able to get a TB of storage for far less, I’m going to hold the price constant for the security and reliability the SAFEnetwork provides. As noted,

@Sotros25

According to the assumptions above, the value of one Safecoin would be something like ~$400.

Now, if there are only 800M Safecoin in existence, then the price per coin would be ~$500. Similarly, if the SAFEnetwork has captured 10% of newly created storage, then the price would be ~$800 with 1B Safecoin in existence, or ~$1000 with 800M Safecoin in existence.