Just announced on the forum. Storj has cut egress payments as of Dec 1. Those with nodes shoukd go check the forum out. I am expecting a mass exodus now.
They need to raise prices for clients instead of killing off their node support. I’d rather see the whole ship go down if that doesn’t work then waste everyones time and effort for 2 dollars a terabyte.
No demand even when it’s cheap 😂 raising prices is the way to go for sure
Supply and Demand, Storj already has WAY too much available storage to use. Cut out the fat and have a lower bottom line.
Its not really a big change. Since the change in payout rates in July Egress and Audit/Repair traffic have accounted for about 18% of total payout rates. So while it may seem like a dramatic decrease to cut the bandwidth payouts by ⅔ the overall impact of this decrease on total payouts is only a 12% decrease.
Also, Why are you so lazy? Here are the new numbers:
This is the new payment schedule that will take effect as of December 1st, 2023 for all Satellites:
Current Rate Rates as of Dec 1st Storage (per TB Mo) $1.5 $1.5 Egress (per TB) $6.0 $2.0 Audit/Repair (per TB) $6.0 $2.0 And a link to the post:
https://forum.storj.io/t/announcement-changes-to-node-payout-rates-as-of-december-1st-2023-open-for-comment/24124I might be missing something here, but since Storj Node Operators only get paid for data they’re storing and not how much they have available, how would extra unused storage increase Storj’s costs? Wouldn’t that just decrease the amount of data each node gets on average, lowering the payout per node but keeping the total payout (and bottom line) the same?
Looking at the Q2 2023 transparency report (https://www.storj.io/blog/storj-token-balances-and-flows-report-q2-2023), assuming I’m interpreting it correctly, it appears that payouts to SNOs were just under 6.5% of the total operating costs. If we use $0.50/STORJ that’s about $750K. Assuming a 12% decrease is accurate, we’re talking about $90K. Compare that to “other” which accounts for just under 72.3% or $8.3M, or a total of $11.5M (23.1M STORJ). That’s a reduction in about 3/4 of a percent in total operating costs. It doesn’t look like there is a line item showing how many tokens are coming in from customers so it’s hard to tell how that might affect storage costs vs something like S3.
Bottom line, it seems like they might be trimming fat from the wrong place, but it’ll be hard to say that with confidence unless we know what other places they’re either making cuts or increasing spending, as well as what the impacts of the July payout decrease looks like in the 3rd and 4th quarter reports.
They have previously stated they want to increase node utilisation rates. The ootions for this are: 1. Increase the amount of incoming data. 2. Reduce the number of nodes.
Storj have been completely unwilling to disclose what “other” actually is in any detail.
In general you may be right. But older nodes like 3 of mine have +10tb storage and 600gb+ egress monthly. Thats cutting me 8dollars a month. Again. Just for those 3. Payouts are already down by 45% for me. So this is getting edgy
Your maths does add up. You lose $4/TB in egress which is $2.40 for 600GB. Where does the $8 come from?
3 times 600+GB/month = 4x1.8TB to 4x2TB
The sh*t just hit the fan gents…
https://forum.storj.io/t/concerns-and-indefinite-strike-regarding-operator-payments/24140
Thanks for sharing was an interesting read.
I shutdown my node three weeks ago - bye!
With a graceful exit? Because I have been doing a graceful exit for like 3 months now and I am considering just forgetting about the 40$ or so and just kill that thing