Storj

Review Storj Node Operator - Revenue and Profit 2022

TDLR; This essay analyses the revenue generated by a Storj Node in 2022 using actual data that I have gathered. It is not investment advise; hosting and running a Storj node is a personal choice, and each individual is fully accountable for that choice.

What is Storj?

Source from: https://www.storj.io/blog/what-is-decentralized-cloud-storage

Storj is a cryptocurrency blockchain platform powering a decentralized system for digital file storage. It's one of the first decentrialize cloud storage (DCS) network in the world, was launched in 2017 on the Ethereum Network as a secure place to storage data. Storj wants to create a most cost-effective, transparent, and secure platform alternatives such as Google, Amazon, Microsoft, ..., as well as give a solution so that end users have complete control over their data. To archive this, storj develop a platform that allow individual could rent out space on their computer, Then, the platform would take a user's file, data, encrypt it and storing the separate particles across multiple compute. In that way the data is secure and nobody can access the central server & stolen the file and and space lessors can also make a profit from storing users' data on their computers. In simple terms, Storj can be called Uber in the field of data storage, but is built on the blockchain platform.

For the detail information, check the Storj Docs https://docs.storj.io/
As an example of Storj DCS, you can use it to backlog the data: https://vinguyen.blog/blog-development-series-backup-ghost-blog-data-with-storj/

What is Storj Node Operator?

Storage Node Operators contribute unused hard drive capacity to the network, enabling the storage network to be distributed around the world and earn profit from it.

What got me the idea of wanting to be a Storj node operator?

Inspired by the article: https://www.storj.io/blog/sharing-storage-space-for-fun-and-profit
Want to contribute to blockchain platforms and decentralize solution
Be operated and feel the fun of operating a server that requires high stability and avaibility

How to become Storj Node Operator?

Full document: https://docs.storj.io/node

What is the minimum requirement to become a Storj Node Operator?

Source From: https://docs.storj.io/node/before-you-begin/prerequisites

One (1) processor core dedicated to each node service
Minimum of 550 GB with no maximum of available space per node
Minimum of 2 TB of bandwidth available per month with a public IP
Minimum of 5 Mbps bandwidth upstream
Minimum of 25 Mbps bandwidth downstream
Minimum uptime (online and operational) of 99.3% per month, max total downtime of 5 hours monthly

Review of a Storj Node's Revenue and profit:

I. Estimated revenue for the current month:

Time range of the data on the dashboard: 22 days, from Dec 01 to Dec 22,2022.
Total 8 online nodes is running, and none of theme have the Held back

Disk Space Information:

Total Diskspace: 12.1TB
Disk used: 10.1TB - Revenue is paid for this part
Disk Free: 2.07TB - No revenue for this part

Bandwidth:

Ingress: 1.09TB - No revenue for this part
Egress: 986,52BG - Revenue is paid for this part

Income

For 22 days: 27.43USD
Estimation for 30 Day: 27.43/22*30 = 37.4USD
Average income per day per filled disk: ~1.24Usd/day/10TB ~ 0.12USD/Day/TB