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Comment by gruez | Hacker News Reader

Their pricing is only slightly cheaper than backblaze b2. For storage they charge $4/TB/month whereas b2 charges $5/TB/month, and for egress they charge $7/TB whereas b2 charges $10/TB. Personally I don't think the risks (eg. your cost going up because crypto price skyrocket, or you losing your data because of a crypto winter) are worth the savings. Not to mention there are much cheaper solutions than the two I mentioned, like deep glacier that only charges $1/TB for storage, or office365 that provides 6x1TB storage for $100/year.

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I don't know the details myself, but one aspect may be how many places your files are stored.

With B2 or similar S3 based storage, it's generally in one datacenter. But at least from what I've heard, stuff like Storj or Sia has an advantage from your files being stored over a large geographic area in multiple places.

>With B2 or similar S3 based storage, it's generally in one datacenter

that's true for B2, but not for s3. From AWS:

>your objects are automatically stored across multiple devices spanning a minimum of three Availability Zones, each separated by miles across an AWS Region

That makes sense with AWS S3 pricing, I had always wondered if it was more distributed compared to the cheaper B2, Wasabi, etc.

Costs shouldn't rise or fall based on the price of the coin. You can pay directly in USD for the storage so that you don't have to worry about the pricing shifts.

Sure, you pay in USD, but the network accepts payments in sia/storj coins. What happens if the price of the coin goes to the moon? Is the service provider (storj.io) going to eat the cost?

CTO here! There's no cost to eat. We determine the amount of STORJ to transfer given a storage node operator's USD-valued accruals at the time of transfer. All of the book keeping is USD-denominated.

>We determine the amount of STORJ to transfer given a storage node operator's USD-valued accruals at the time of transfer.

So you have agreements with storage node operators to provide storage space to you at fixed costs (denominated in USD)? Or are you paying whatever the market rate is for storage, and hoping that it won't go above $4/TB?

Whoops, sorry for the late reply, but it's the former.

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