They seem desperate to create demand and try to gain market share through net costs. Funny when filecoin started there were a lot of info on how to mine but not on how to upload or use the network, is it better now?
you’re absolutely right that charging $7/TB and paying $20/TB to our storage node operators is not sustainable. But it shouldn’t be a surprise that this was an intentional early subsidy to grow the supply side of the network.
To be fully transparent, we are working to reduce that subsidy now that we’re hitting scale.
Storj is stuck between a couple of facts, namely: (a) we pay SNOs more for egress than we charge, (b) The sustainability of the company requires us to make changes in these payouts so that we can continue to fund the development of the network, and, (c) we have hard-earned evidence that the market does not currently support raising prices.
Fundamentally, as we have said a number of times, SNO payments right now are being subsidized by us to grow the network, and we are currently in a position where the network is larger than it needs to be for the demand we have, and it is continuing to grow faster than we need.
As the network stabilizes and our customer growth increases we will slowly remove any synthetic load until the network is operating completely without subsidy from Storj.
Our objective is to get to the point where every TB of data that we sell earns us money instead of losing us money like it does now.
I think possibly chia is skewed depending on how that chart data is sourced.
Chia netspace was always a guess based on proofs found.
Now they have compression on the data allowing more proofs per TB and some work done on the fly ( cpu / gpu ) so not stored.
I believe that is not accounted for / TIC in the chart.
The idea of Filecoin/Storj is not to be used directly by the end user, but by apps/projects that use it in their infrastructure similar to cloud services from centralized providers like Amazon.
Interesting, that is bellow economic viability I think. Unless people are cheating somehow or they are purely speculating on coin price rise in future.