Re:Filecoin: A Decentralized Storage Network [pdf]
by Ajedi32 on Thursday July 20, 2017 @09:17AM
(#14812167)
I guess the exact costs would depend on usage patterns, frequency of file read/writes, etc.
It's worth noting though that Sia (another decentralized storage network) is estimating their current storage costs at $2/TB-Month. That's half the price of Amazon Glacier. Whether that's the result of users farming from their home PCs or giant Chinese storage farms though I have no clue.
It sounds lose-lose-lose situation: keep wasting your space or saturate your bandwidth or waste power on keeping HDDs spinning all the time due to accessing them every few minutes. It may vary with your usage patterns (if these disks are already always spinning and you have REALLY good bandwidth or two separate lines) but still, seems barely worth the effort.
And why couldn't it be optimized in a purpose built machine? Cheap Tibetan hydro and free cooling (altitude), low power CPUs, fast internet, fast switches and routers, 10 gigabit lan, many HDDs and SSDs (dug up from the Western trash piles even, it's not like failing once a month is a big deal). Chinese already have ASIC for bitcoin and this seems easier to make than that.
[1] I have no idea if I'm generous or stingy on USA power prices and network speed.