Posts Tagged ‘SJCX’

Storj DriveShare Rewards Report for January

5, Feb 2016

driveshare-stats

Last month we have decided to give out a try of the latest Storj DriveShare GUI and to participate in the beta testing of the service. We also wanted to check out the rewards that people are getting in return for their help in testing out the network and today Storj will be distributing the next bath of rewards. We have participated in the test for about 20 days with 100 GB of space shared on the network and according to the data published our reward for helping test the network in January is a little over 12 SJCX coins with about 94% uptime for the time duration. With the current StorjCoinX exchange rate this is about 115000 satoshi or about $0.45 USD, it may not seem that much, but do not forget that these are rewards for beta testing the service. Sharing more space for longer time with better uptime should bring you more rewards, though this should give you an idea on what to expect should you decide to help with beta testing. What you should know is that helping with beta testing won’t be that much profitable, but once the service officially launches what you get back in return for sharing your free hard drive space should be more rewarding.

For the moment however the users beta testing are required to purchase at least 10000 SJCX in order to be eligible for rewards and the rewards themselves are not that big unless you share a lot of space. The people sharing 25 TB of space each for the service are apparently getting about 1500 SJCX coins as a reward. So getting into the beta testing phase and participating in the reward program is more for people that do believe in the service and as a kind of a long term investment as well. You can of course participate in the testing of the service without having 10000 SJCX in your wallet, however this way you will not be eligible for receiving rewards for your help and support. So if you are interested in checking the service out you can head on to the official DriveShare website and download the GUI version of the software.

The number of unique participants in the beta testing of the DriveShare software in January is 533 that are eligible for rewards according to the official published rewards list. The list also includes 1222 more users that do not have 10000 SJCX coins in their wallet, meaning that they are participating without receiving rewards. As a comparison in December last year there were 420 unique wallets participating with at least 10000 SJCX and receiving rewards and 711 more that were not eligible for rewards. For November the numbers were 352 and 663 respectively, for October there were 342 and 393, so there are more users joining and helping test the service. Last week the service has announced the reach of another milestone in their testing phase, passing 2 PB of total storage shared and now it is already over 3 PB of storage shared.

– Visit the official DriveShare website for more details about the beta of the service…

Storj DriveShare Test Group B 2 PB Milestone Reached

26, Jan 2016

storjio-2-pb-milestone

Storj has announced that they have achieved another milestone in their testing phase, passing 2 TB of total storage shared by over 750 users currently participating in the Test Group B running the DriveShare application and sharing free space on their hard drives. Storj still has about 400000 SJCX to distribute as rewards for Test Group B users (users are required to have at least 10000 SJCX in their wallet in order to receive rewards from the beta testing). The Test Group B will continue to run until the promised rewards are distributed and then Test Group C will be launched which will be focused on testing actual file transfers on the P2P network including latency, bandwidth, throughput and more. For the moment the software only generates dummy data on the user’s hard drive for the shared amount of storage and does not download or upload it, so the next testing step will be focused on that part of the functionality of the service.

Recently we have posted a short guide on how you can participate in the Test Group B using the latest version of the DriveShare GUI software along with our experience going through the process of creating a StorjCoin X wallet and getting more than 10000 SJCX in it in order to be eligible for the rewards in Test Group B, so we are going to keep you updated on the testing progress and future development. You can test the DriveShare GUI software even if you do not have the 10000 SJCX coins in your wallet, but then you will not be eligible for getting rewards for your efforts. With that said if you are in for the rewards you should not expect to get too much SJCX coins as a reward for your help at the end of each month for participating in the testing phase, the rewards are there more as a token of gratitude for helping in the development of the service.

Building an 8 TB Storage Solution for Storj’s DriveShare

20, Jan 2016

driveshare-earnings-calculator

Recently we have tried the beta of the latest Version of Storj DriveShare GUI, a service that is intended to allow you to earn money by sharing your extra hard drive space. Although it is still not ready to be launched and you could have some issues getting to try it out, this Blockchain-based cloud storage service does look very promising. While participating in the currently ongoing beta test of the DriveShare service we’ve went on to figure out how to easily build a reliable and affordable 8TB home storage solution that can be used with the service for earning money via the Storjcoin X (SJCX) crypto currency tokens that Storj uses. Going through the earnings calculator that estimates how much can you earn sharing 8 TB of storage via the service we are getting over $230 USD estimate per month if all of the space is being used by users of the service, so it is not a guarantee that you will be earning this much for sure. So our goal was to build 8 TB storage solution with less than what you can earn in 6 months based on the earnings estimate or with other words less than $1380 USD.

8-tb-hp-microserver

Going through various small home NAS (Network Attached Storage) solutions and different small server data storage solutions we have found out an interesting choice that is compact, affordable and easy to be used by not so advanced users – the HP ProLiant MicroServer. More specifically the HP ProLiant MicroServer Gen8 G1610T 1P 4GB-U B120i Non-hot Plug SATA Server(819185-001) that is available for a about $450 USD and that only needs you to install hard drives and do the software setting up like you would with a normal PC. The MicroServer comes with 4GB of memory and a Dual-Core Intel Celeron G1610T processor, along with Gigabit network support and 4 drive bays for hard drives.

The hardware specs of the MicroServer should be more than enough for this kind of a storage solution, so all we need now are four hard drives with 2 TB capacity each for a total of 8 TB capacity. You could go for larger capacity HDDs, however the larger the capacity, the higher the price per drive will be, so at the moment 2 Terabytes offers a good price/capacity ratio and since we have 4 drive bays we can go for 4x 2 TB without having to worry about anything. There are two good options available for the hard drives, the Western Digital Red hard drives with 2 TB going for $90 USD per drive or the 2 TB Red Pro drives for $134 USD per drive. The normal Red series is intended for smaller NAS solutions, offers a bit slower performance and comes with 3 years warranty for a lower price and the Red Pro series is for more serious storage solutions with 5 years warranty, better performance and extra technologies for better reliability. So with 4x 2 TB Red drives we need to spend $360 USD for HDDs and with 4x 2 TB Red Pro drives you need to spend $536 USD or along with the HP MicroServer the total would be either $810 USD or $986 USD. Both choices would put us below the 6 month earnings estimate from DriveShare, so our goal is achieved. Now all that we need is the the service to finish testing and launch in order for such a solution to become interesting alternative to crypto currency mining by offering a home storage solution.

– For more details about the Storj’s DriveShare storage project currently in beta…


top