Re:Major crypto lender Celsius freezes withdrawals as market...
by sofixa on Monday June 13, 2022 @08:26AM
(#31724503)
What's the point here? Why would anyone use this over S3 or whatever?
Re:Major crypto lender Celsius freezes withdrawals as market...
by WJW on Monday June 13, 2022 @10:01AM
(#31725704)
S3 has quite a significant markup over the HW and electricity costs. Sometimes up to 10x, you can see this by how much discount percentages sales reps are willing to apply to cost of storage. Many of these smaller providers charge a smaller markup and are thus cheaper than (non-discounted) S3.
Cheaper storage alone is enough to lure some people away. There are also people that simply hate AWS for reasons of their own and choose a startup provider for ideological reasons. Finally there is the obvious application of encrypted storage, to store material that is illegal in your jurisdiction.
Re:Major crypto lender Celsius freezes withdrawals as market...
by sofixa on Monday June 13, 2022 @11:05AM
(#31726609)
S3 is highly redundant, so there's quite a bit of software and networking alongside the HW and electricity.
And even then, go with Blackblaze or Wasabi or R2 or whatever S3 competitor that is cheaper.
Re:Major crypto lender Celsius freezes withdrawals as market...
by politician on Monday June 13, 2022 @09:52AM
(#31725586)
Similar to IPFS or Freebase, these censorship-resistant distributed storage solutions can help oppressed journalists in third-world countries get the stories of their oppression out.
I used to have a spare PC with a 13TB HDD mining Storj for a couple of years and it worked fine, but converting the tokens to currency I could use was a major hassle.