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There are no rewards for storing less than 1 GB for the month.
However, if a user has telemetry reports, exchange reports, or downloads they may still receive a reward.
There are no rewards if a user has not been seen in the past week.
Details
Each component (gbHours, telemetry reports, and downloaded bytes) is scaled so that each metric ends up being a measurement of how far away you are from the mean
Those values are multiplied by certain weights and summed to arrive at a final value
So payout is at the beginning of every month? Or a month from where you start running it? Also I have 20+ 500gb drives im running.. Plus several larger ones, are the stats combined together as I have same payout address running on them all? Sorry if questions are dumb as I am new to this idea.
@toomuchstorj The community chat is the best place to ask these types of questions. So payouts are typical released for review on the 1st for the previous month. So released on March 1st for the month of Feb. They are then reviewed by the community, and paid out a week or so later. Yes, everything will be combined into a single payment on a single address for multiple nodes running on the same payment address.
Hi!
I'm sharing some things that were not clear to me on the formula above.
May be useful to others.
I found this information by searching the online community chat.
gbHours: The number of gigabyte times the number of hours they are online. Example: if you store 30 gigabytes for 10 hours, that is 300 GB/H
downloadedBytes: how much data has been downloaded from all of your node(s). In other words, how much you have uploaded from your "pc" to the renters. Value in bytes.
telemReports: I don't know
sd function: the standard-deviation function / computation
The unit of payment is SJCX coins.
Right now, 1 SJCX == 0.42 US$
This is a peculiar reward mechanism to put it mildly. It makes the aggregate payout liabilities proportional to the number of farmers, which is pretty comfy for StorJ. To farmers it's mostly confusing and feels unfair. Even when supplying resources to the network you can end up with no rewards, and your very real costs of electricity, inconvenience and equipment depreciation are only marginally being taken into account at an unknowable rate.
To offer a counterpoint, as I understand now the parameters of the formula may currently be more favorable than those displayed here because of subsidies. I suspect there are better reward models possible that pose the same minimal risk for StorJ at a similar level of aggregate payouts.
@Joshfindi Because the base payout was in SJCX (now STORJ), and has increased significantly. This is actually priced in USD for the service, so we have to adjust when there are significant changes.
The question was asked before and maybe I have missed the answer. But how do I as a "farmer" see these values : gbHours, downloadedBytes, & telemReports?
So payout is at the beginning of every month? Or a month from where you start running it? Also I have 20+ 500gb drives im running.. Plus several larger ones, are the stats combined together as I have same payout address running on them all? Sorry if questions are dumb as I am new to this idea.