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RE: STORJ - Decentralized Cloud Storage on the Ethereum Network
How do you feel it compares to Siacoin? Aren't they basically doing the same thing?
How do you feel it compares to Siacoin? Aren't they basically doing the same thing?
Storj is 100x easier to setup then Siacoin or Burst is. Storjshare took 30 seconds to download, 30 seconds to install, and 30 seconds to setup. If you have a computer that you have on anyways I would highly recommend adding storjshare to it to get a little extra income off it while its on. It takes a while to build up its storage but once done it's smooth sailing from there.
Hi @budz82,
I am unfamiliar with the setup or much about the very technical side, it is quite extensive some complex formulas involved and beyond my previous experience.
You will have to let me know how you get on and how the farmer payment functions proper once you receive.
By "build up its storage" is this downloading a copy of the blockchain or just the shards of data you are storing and pointers to the merkle tree for the users you are supplying?
No for Storj you simply download storeshare, install it, it asks you to input a ERC20 compatible wallet for payment and then you simply create a folder on your computer and then through storjshare you pick that folder and tell the program how much space to allocate for people to use. Its that simple.
Wow didn't think it was so straightforward.
Looking at the Storj Share GUI explanation on their website was a bit daunting with suggestions to change configurations and router settings thought would be more difficult and I personally don't like to change from current setup for maximum security.
Do you have any idea how the payment will function and after how long you will receive your first?
I have not yet received my first payment so I am a bit limited on how much I can help with that part. That being said my current understanding is that at the start of each new month the previous months payments will be sent out automatically to the wallet you attach to your account, but again I haven't gone through that process yet so I am unable to confirm this part as of yet.
https://storj.io/share.html
HI @pandorasbox,
Both provide cloud storage but in different ways,
Sia uses blockchain for payments and coins are mined and uses its own platform.
Storj uses end to end encyption, cryptography and distributed storage on nodes using the Ethereum network.
Right, so basically they do the same thing but one has it's own blockchain and the other uses Ethereum.
If that's the only difference between them.. well, I wouldn't know how to pick the winner between them. I could see Siacoin possibly being able to offer a cheaper service because of specialization, but with the popularity of Ethereum.. who knows? I may get out of this market, with such uncertainty..
Siacoin will have difficulty scaling using there own platform is built from the ground up, current network size is 215 TB vs 8 PB in Storj with little restricitons on growth using Ethereum.
Yes Siacoin is more specilized and is targeted towards enterpise use rathar than consumers.
The security of the network in Storj i think is the best point.
With Siacoin the ease of development on platform with anyone able to contribute.
Yeah I guess there are subtle differences. And there is probably room for both, just like how there is room for more than 1 in the current cloud storage scene.
What bothers me is when crypto's choose terrible names. Siacoin is one of them, IMO. A name like Storj is not awesome, but a lot better and has a certain vibe that the internet community likes. I wish Siacoin would have chosen a better brand name. I think it matters a lot in today's world.
I am holding on to my tiny amount of Siacoin (only $50 or so) just for the fun of it. I expect good gains but nothing huuuuuge. Not like Ethereum, NEO, etc., it just doesn't have that potential. That's why I mainly stick my large investments into projects that do have that potential, and keep a small assortment of coins like SC mostly for fun. I noticed that at some point, collecting different kinds of crypto almost becomes like a hobby too! That's why I have 4000 Dogecoins too! Just have to have some Dogecoins! It is my donation, to give value to Doge, by hodling them and not selling!