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Storj - Can money be made?


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Storj - Can money be made?

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Big Mike's Avatar
 Big Mike 
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As a side project, I became interested in STORJ mainly because I have about 300TB of storage at my house, most of it entirely unused.

Can money be made and is it a good ROI?

I am going to document it here best I can.

Mike

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Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
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From the main STORJ website: https://storj.io:443/

You start by becoming a node, registering for your API token:



https://registration.storj.io/

Mike

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Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,463 since Jun 2009
Thanks Given: 33,237
Thanks Received: 101,661


You need to create an identity first:

https://documentation.storj.io/dependencies/identity

It's very straightforward.



This part took a few minutes on my server, to create the identity.

They have a docker image, so I'll be using this for the actual node.

https://documentation.storj.io/setup/cli/storage-node


Mike

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Last Updated on January 31, 2021


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