All About BTC, LTC, ETH mining as well as other alternative crypto currencies
Just about a week ago we have covered our 1 month long test of Storj while the service was still in beta and now they have announced that the Beta stage is over already. Storj, a Blockchain-based encrypted cloud storage service, allows users to get cheaper and reliable storage as compared to traditional storage solutions out there and also allows users with free space to rent it and get some extra income for the data being stored on their computers. It is an interesting concept and Storj is not the only service that is exploring the capabilities of the blockchain for that kind of usage as well as the use of a crypto token.
Since not that much has changed in the last week when we last used the service you can check the previous post linked above with some of our freedback and experience. The main concern we have at the moment is regarding the ease of use for users wiling to store their data on the Storj network… it just isn’t as easy as you’d normally expect. That, combined with the fact that Storj is offering 25GB of space and 25GB of traffic monthly for 12 months is making it harder for users that have some free space on their hard drives that want to make it usable and earn something back for renting it to Storj. Of course the service needs to attract users and their initial free offer sure does seem interesting in getting users to give it a try, but then again they also need to work on making it easier to store and access the data on the network.
If you pass the free space and traffic that you get when you sign up you will be charged at $0.015 USD for extra GB / month and $0.05 USD per GB of traffic, though the free 25GB should be enough for many users. After the initial 12 months promotional period you will need to pay for the storage space and bandwidth you will be using and unfortunately even though Storj has their own crypto token, you are not able to use any SCJX coins to pay for storage currently… you can only earn these tokens if you rent your hard drive space. So this is something that also needs more work in order to close the ecosystem and this is apparently something that is already planned in the future.