Make Money By Sharing Your Hard Drive Space on STORJ

Today we're going to look at a way that you can make money with renting out the unused space on your computer. 

let's get into the Blog the website is called https://www.storj.io/ but they call it storage the user experience is very much like Google Drive or Dropbox. But it's much more than that so we're going to read a blog of how it works and then talk about how you can make money with this.

How it works.

 Imagine if the cloud wasn't up here but down here with us that's storage is a cloud shared by the community. It's potentially the largest cheapest and most secure cloud available. What you share is what you get. You could even be paid by renting your extra space. But how is it more secure when each file is shredded encrypted and spread across the network until you're ready to use it. Again and you can be sure the files are safe because the keys are in your pocket not a company's only. You have access to your stuff because the network is shared you don't have to worry about slow download speeds coming from one place. We're all helping to make the system blazing fast and if you have some extra space lying around you'll get paid by users who need more than they can share. It's like renting out your empty hard drives a cloud with security no downtime and speed at a fraction of the cost.

So as you can see the files are shared across many computers around the world. When you want to access the file again all the computers send you your files and the technology is insanely cool. It's this kind of blockchain cryptocurrency thing and I think I read way too much about storage today. But how do you make money with this. Just go to the rent drive button, and you need to download this slow software and inside the software  where you can choose how much space you want to rent out and that you want others to use and so forth. But how much money can you actually make with this well there's a few different variables when it comes to this, how much storage do you have. How good of an internet connection do you have. And how many people are renting out their unused space or is it saturated so. For example you have one terabyte of space. 

There is two ways that you can make money with this.

If someone stores something on your computer you will get paid. If it just sits there and you'll make even more money. If someone downloads the files that you have sitting on your computer calculating how much you would earn what this becomes quite hard. I found a couple of earning potential stoves, so let's see here they have an example with one terabytes and one with 13 terabytes on their page where they calculate the power costs as well of running the hard drives. So they write here that if you lend out one terabyte of space you will get a revenue of seven dollars but a monthly profit of one dollars and six cents. They also have an example right here if you lend out 13 terabytes you can make an easy 67 per month in profit now these numbers are written on their blog. But as I said before you make much more money when people download their files through your PC. Here is the payout of the top 20 farmers in April and as you can see number 4 has a very little spaced shared on his hard drive. But a lot of people has used his drive to download their files again also you can see that their earnings are pretty high here there's. 

Also another guy I found that makes 30 to 50 a month sharing 1.8 terabyte over a 100 megabit connection and that's where the internet connection comes into play. As well I've read something that they said that if you have way better connection they will rent out your space first so having a good internet connection is really good. If you want to do this method but as you can see you never really know how much you can make with this because of the price going up and down. And how much is downloading and uploading and stuff like that. Now what about the payment. If you make money with this how do you get paid so storage is a little weird like this but it's totally cool. Because you get paid in storage tokens and this is a crypto currency quite like Bitcoin and a theorem. And if you want to get your payouts you will first have to sell your storage tokens to a theorem and from a theorem to U.S dollars. If that's what your currency is now that's how I have. I think this is a really cool method of making money online and storage is still in very early development and it will be fun to see if the company grows over time. Maybe it will even take over like Dropbox at some time because the technology is cheaper and faster than any of the competitors and with all being encrypted and they use blockchain technologies. So I mean I love this stuff it's really cool to see the growth of cryptocurrencies because it's way better than what we have