> and their prices are suspiciously similar at about $20 per TB per month. Today it is possible to purchase a refurbished 1 TB hard drive for about $20 — so buyers are essentially paying Amazon each month the entire cost of the hard drives used to store their data!
Really? That's the argument? That you could store your files cheaper on a single, refurbished disk without considering the cost of housing, electricity, network, physical security, redundancy, management etc.?
Aren't all those costs priced in? I assumed the data storage with Sia was redundant and encrypted, which should cover basically all of those things, right?
Looks like it from looking at the site:
>File segments are created using a technology called Reed-Solomon erasure coding, commonly used in CDs and DVDs. Erasure coding allows Sia to divide files in a redundant manner, where any 10 of 30 segments can fully recover a user's files.
[...]
>Before leaving a renter's computer, each file segment is encrypted. This ensures that hosts only store encrypted segments of user data.
I'd love for someone to do an analysis on the performance and availability of the data. I wonder if you could pay more for faster speeds or higher levels of redundancy? That would be neat features.
The implication is that with Sia you can get those same benefits without having to essentially pay the entire cost of a new hard drive every month. (Sia's rates are much cheaper.)
Really? That's the argument? That you could store your files cheaper on a single, refurbished disk without considering the cost of housing, electricity, network, physical security, redundancy, management etc.?