First revenue reported.



  • LOL I'm like a kid being happy about a long awaited present.
    But it is just a milestone in my Sia hosting test.

    Today is the big day my hosts line does not show

    Storage Revenue:           0 H
    

    but this instead:

     Storage Revenue:           3.776 mS
    

    Looks like one contract has expired as contract creation fee also shows as Transaction Fee Compensation and not as Potential.

            Contract Count:               112
            Transaction Fee Compensation: 2.5 SC
            Potential Fee Compensation:   520 SC
            Transaction Fee Expenses:     0 H
    

    I know, these reported numbers are not correct. But at least there is change and the zeros at revenue start to change to something different.

    For the stats
    host total uptime today (by SiaPulse) is 70 days. So yes my host went online on 19.th may (SiaHub still tells me 1 month uptime).
    I started with a 1000SC/TB/month offering. Then the "race to bottom started". I did not jump down the cliff but decided to gradually decrease my price, Today I am at 550 SC/TB/month. Both (SiaPulse and SiaHub) tell I am earning ~3.9SC/day

    Now I'll stop reducing my storage price and wait to see when (if) my host starts loosing contracts (the GoodToUpload and GoodToRenew may kick in). Currently I am getting new contracts and uploaded data every day. I even needed to add additional shared folder to not fall under the 4TB remaining line.

    P.S.
    @Sanasol
    It would be great if you would collect (and display on the hosts detail page) the history if the offered price too (for each host). I assume you just multiply the current price with current used storage. But I am not sure if it can be calculated this easy. Is the changed price applied to existing contracts and uploaded data too?
    Simply showing "earnings in SC/day" makes the comparison to competing hosts harder.


  • Global Moderator

    Good work.

    Make sure you tag me @bryan if you need to me respond.
    Forum Mod. I cannot fix transactions. I can't help with Mac or Linux.
    alt text
    Unofficial Web Based Siacoin Wallet. No more syncing.

    0


  • I'll continue this as my long term "test report".
    3 months passed since start of my hosting experience.

    The current numbers reported are:

    Host Financials:
            Contract Count:               126
            Transaction Fee Compensation: 32.5 SC
            Potential Fee Compensation:   627.5 SC
            Transaction Fee Expenses:     0 H
    
            Storage Revenue:           11.52 SC
            Potential Storage Revenue: 527.7 SC
    
            Locked Collateral: 41.11 KS
            Risked Collateral: 1.353 KS
            Lost Collateral:   0 H
    

    I see I have not changed any parameter for 25 days. In the last 2 weeks the reported contract count had increased to ~160 and dropped back to 125 after restarting siad. Yesterday I saw 128 contracts reported, now are 126. This change looks legit as 2 contracts may have expired. A look in the log tells the same:

    cat host/host.log |grep proof
    2017/06/05 10:46:59.299478 storageobligations.go:574: Missed storage proof. Revenue would have been 348080880970476100209607401.
    2017/06/05 22:24:15.872507 storageobligations.go:574: Missed storage proof. Revenue would have been 348080880970476100209607401.
    2017/06/08 03:24:58.531682 storageobligations.go:574: Missed storage proof. Revenue would have been 364554760991267499525805151.
    2017/06/09 23:22:37.939284 storageobligations.go:574: Missed storage proof. Revenue would have been 399881213430902433861608917.
    2017/06/09 23:32:55.565822 storageobligations.go:574: Missed storage proof. Revenue would have been 394881213430902433861608917.
    2017/06/10 22:03:14.966098 storageobligations.go:574: Missed storage proof. Revenue would have been 404092512616132750637802965.
    2017/06/14 03:03:10.586422 storageobligations.go:574: Missed storage proof. Revenue would have been 423607805507032517349221845.
    2017/06/17 11:45:28.988035 storageobligations.go:574: Missed storage proof. Revenue would have been 465073289117346613608594413.
    2017/06/20 19:01:13.566135 storageobligations.go:574: Missed storage proof. Revenue would have been 483985812552452604013072901.
    2017/06/24 05:00:53.947502 storageobligations.go:574: Missed storage proof. Revenue would have been 494570764578434880985125381.
    2017/06/27 11:48:48.740624 storageobligations.go:574: Missed storage proof. Revenue would have been 499778847398037624639738373.
    2017/06/30 16:26:15.602573 storageobligations.go:574: Missed storage proof. Revenue would have been 510025418578372857287430661.
    2017/07/01 21:42:50.174865 storageobligations.go:574: Missed storage proof. Revenue would have been 511015103268553443657142789.
    2017/07/04 01:39:27.349153 storageobligations.go:574: Missed storage proof. Revenue would have been 506147588302385139104633349.
    2017/07/07 08:35:27.192899 storageobligations.go:574: Missed storage proof. Revenue would have been 509066462875831405555780963.
    2017/07/09 21:26:38.509581 storageobligations.go:574: Missed storage proof. Revenue would have been 530857587894688606790392667.
    2017/07/11 07:41:49.213269 storageobligations.go:574: Missed storage proof. Revenue would have been 551390619572554141024688987.
    2017/07/14 14:56:17.276401 storageobligations.go:574: Missed storage proof. Revenue would have been 583725929999353366272056490.
    2017/07/28 19:27:29.321243 storageobligations.go:558: Successfully submitted a storage proof. Revenue is 941038848865110681152691370.
    2017/07/31 22:14:34.787003 storageobligations.go:558: Successfully submitted a storage proof. Revenue is 1005901306746080627750116522.
    2017/08/13 01:11:02.648993 storageobligations.go:574: Missed storage proof. Revenue would have been 1160490259011040894691351722.
    2017/08/20 04:05:15.940352 storageobligations.go:558: Successfully submitted a storage proof. Revenue is 1197397206500941642155990186.
    2017/08/20 10:18:29.816520 storageobligations.go:574: Missed storage proof. Revenue would have been 1192389111368004185897344170.
    2017/08/21 02:19:37.841211 storageobligations.go:558: Successfully submitted a storage proof. Revenue is 1188167532053178612245896362.
    2017/08/21 10:50:05.736301 storageobligations.go:821: Host unable to submit storage proof transaction to transaction pool: consensus conflict: provided transaction set has prereqs, but is still invalid: cannot fetch storage proof segment for unknown file contract
    2017/08/21 10:50:05.864807 storageobligations.go:558: Successfully submitted a storage proof. Revenue is 1185669084770926740121885866.
    2017/08/21 14:59:11.160278 storageobligations.go:558: Successfully submitted a storage proof. Revenue is 1190656112853794328735161514.
    2017/08/21 15:30:32.570842 storageobligations.go:558: Successfully submitted a storage proof. Revenue is 1185550992138890836703222954.
    2017/08/22 09:40:43.953642 storageobligations.go:558: Successfully submitted a storage proof. Revenue is 1187583320512175331262634843.
    

    So far so good. Storage proofs are being submitted resulting in revenue. Let's look at financials.

    At the beginning I transferred 75KS for this host to play with. Now:

    siac wallet balance
    Wallet status:
    Encrypted, Unlocked
    Confirmed Balance:   53.21 KS
    Unconfirmed Delta:  +0 H
    Exact:               53214820698336640604287829416 H
    Siafunds:            0 SF
    Siafund Claims:      0 H
    
    Estimated Fee:       30 mS / KB
    

    Hmm. Let's check. 75KS (initial) - 53.21KS (present) = 21.79KS.
    So a bit less than 21.79 is still locked as collateral. Should be. Kind of...
    That's weird. Look at the host -v output, there is clearly :
    Locked Collateral: 41.11 KS
    Risked Collateral: 1.353 KS
    Lost Collateral: 0 H

    Something is definitely wrong here.
    If my Locked collateral is 41.11KS, missed are 21.79, What are the 19.32KS difference?
    Revenue? Looks incredible... Look at it once more:

    Host Financials:
            Contract Count:               127
            Transaction Fee Compensation: 32.5 SC
            Potential Fee Compensation:   630 SC
            Transaction Fee Expenses:     0 H
    
            Storage Revenue:           11.52 SC
            Potential Storage Revenue: 528 SC
    
            Locked Collateral: 42.11 KS
            Risked Collateral: 1.353 KS
            Lost Collateral:   0 H
    
            Download Revenue:           189.1 uS
            Potential Download Revenue: 22.44 mS
            Upload Revenue:             415.9 mS
            Potential Upload Revenue:   15.91 SC
    

    Wow. One more contract, 1KS more locked collateral, and more used storage (potential storage revenue increased by 1SC) in the time I write this long report. Yay!!!

    Anyway. The revenue is not measured in KS but in SiaCoins, milliSiacoins and microSiacoins.
    Download related revenue is from the old days when I had a download fee set. I set that to zero 2 months ago (not sure when exactly).
    So it is clear the financial numbers do not sum up. Let's look at siac wallet transactions...



  • ... continued.
    Damn, that's a long list...
    One thing I notice- there are no "incoming SC" transactions except the first initial transfer of 75KS. So, all transactions after the first are zero or with negative amount.

        [height]                                                   [transaction id]    [net siacoins]   [net siafunds]
          105469   -1234567890             deleted numbers              1234567890-       75000.00 SC             0 SF
    ...
          119927   -1234567890             deleted numbers              1234567890-       -1000.00 SC             0 SF
    

    The last one is recognizable as the locked collateral for the latest new contract.
    I deleted the transaction ids so that no one comes to the idea to send there some SC and confuses my later calculations.

    So, the total sum of all transactions by math is 47450.36 SC.
    Weird.
    The reported balance was 53.21KS. If I repeat it now,

    Confirmed Balance:   53.27 KS
    Unconfirmed Delta:  +0 H
    Exact:               53269117242771690029403242549 H
    Siafunds:            0 SF
    Siafund Claims:      0 H
    

    The reported "confirmed balance" has increased a little bit... by 54.297 SC to be more precise.
    But anyway that does differ significantly from any other calculated number. To recall:
    Initial - locked = 32.89KS (revenue not counted as it should be less than 1KS)
    Total transaction sum for the wallet = 47.45KS
    Reported by siac wallet are 53.27KS

    So the question is- which one is the nearest to the actual true number?



  • A sidenote.
    My host is trackable on SiaHub.
    Yesterday I had the idea that my free space is limiting acquisition of new contracts and I added 500GB (2x250GB) to my shared space.
    Today I get one additional contract that locks 1KS collateral. So I suspect all my shared space is "locked" (reserved for existing active contracts) again.
    Or is the space not locked/reserved like collateral?



  • well... physically your space is allocated on your drive the moment you set so and so much space aside for SIA.

    for rating your host, the metric "remaining storage left" is a part of the calculation, so if the remaining storage (calculated on the porin of storage you have allocated) becomes too low, your host will face punishment on the multiplier remainingstorage) because of it. With todays very low demand of space that is unlikely to happen quickly



  • @larsfloe
    I suspect the space is logically locked by contracts.
    I mean There is 5TB space shared and contracts active (with locked collateral) for 5TB potential usage.
    So all space is "booked/reserved" and there is no point to allow make more contracts for the same space.
    Sounds logical for me.
    We know it is bad when a flight is overbooked and all the people really come to that flight and want to get on board.
    So I think maybe Sia does not allow "overbooking" of hosts shared space. Especially in times of abundant free space on the network... Because it would be unfair for the renters. They have put their SC aside (allowance paid in advance for possible uploading). Hosts do not pay a fine if they run out of storage.

    But that would mean there is less space on the network than visible.
    I imagine some renter from ancient times has put say 1MS allowance and not cancelled that. That renter is eligible to use the space what can be rented for 1MS...



  • I just discovered how awesome the SiaHub block explorer is. Thanks, @Sanasol for the great work.

    I am still trying to figure out my "balance".
    Since my previous post there are a handful old contracts expired (closed), the active contract count (without restarting the node) has dropped to 120.
    wallet balance shows:

    Confirmed Balance:   53.67 KS
    Unconfirmed Delta:  +0 H
    Exact:               53668437508446013042835105663 H
    

    So it is slightly more (~400SC) than yesterday.
    At wallet transactions I still don't see any transaction with >0SC (except the initial transfer).
    the host -v tells me:

            Contract Count:               120
            Transaction Fee Compensation: 62.5 SC
            Potential Fee Compensation:   590 SC
            Transaction Fee Expenses:     0 H
    
            Storage Revenue:           15.47 SC
            Potential Storage Revenue: 530.5 SC
    
            Locked Collateral: 41.41 KS
            Risked Collateral: 1.361 KS
            Lost Collateral:   0 H
    
            Download Revenue:           1.009 mS
            Potential Download Revenue: 21.62 mS
            Upload Revenue:             548.3 mS
            Potential Upload Revenue:   15.94 SC
    

    Why I mentioned the SiaHub block explorer? I found that I can get the information about file contracts on it.
    So, if I put the hosts "unlock hash" as the hash to look for I get a list with my hosts contracts and revisions (megabytes and Siacoins).
    And if I scroll down to the last available row, I can see total sum called "Total SC Outputs" whatever that means. It sums only the visible rows so you have to scroll down to get the grand total.
    I am getting "Total SC Outputs: 42,314.33 SC"
    This doesn't match any number I have seen before, but the closest is the reported "locked collateral".
    The deeper into the forest, the more wood. (old latvian proverb)

    Luckily I saved the transaction list yesterday so I can compare and see how the total balance can increase without any transaction with positive amount of SC...
    Damn!
    No magic here, there are only new transactions with negative numbers added to the transaction list.
    The total sum of my transactions has decreased. Now it is 47305.79 SC...



  • I have learned (confirmed) that those numbers are not accurate due to some (to devs known) bugs. The transaction list also has bugs and not all transactions are visible.
    I'll just wait for the next release.

    But I do want to know my hosts "financial performance" after the 3 month period...
    And I am curious about the ratio of contract count, available storage and locked collateral.
    It could/should be the high price limiting new contracts.
    Or is it the fact that all my storage is already rented out (but not utilized)?

    If I do the simplest (in my opinion most likely applicable) math and deduct the available funds from initial, 22.67KS are locked in collateral. That would mean locked are 15 terabytemonths or ... "nearly exact" all my shared space for 3 months.

    As I could be booked out, I'll test that by resuming the gradual price decrease. To see if more contracts with more collateral being locked will be made.



  • This is getting interesting.
    A couple of contracts got completed, in host.log followed by the notice like
    Successfully submitted a storage proof. Revenue is 1108205799652408182320436655.
    Total contract count dropped to 114 (without restarting the node), the locked collateral dropped a bit too, only risked collateral increased since my stats 4 days ago.

    Host Financials:
            Contract Count:               114
            Transaction Fee Compensation: 87.5 SC
            Potential Fee Compensation:   550 SC
            Transaction Fee Expenses:     0 H
    
            Storage Revenue:           71.73 SC
            Potential Storage Revenue: 487.2 SC
    
            Locked Collateral: 41.78 KS
            Risked Collateral: 1.256 KS
            Lost Collateral:   0 H
    
            Download Revenue:           1.009 mS
            Potential Download Revenue: 21.62 mS
            Upload Revenue:             2.419 SC
            Potential Upload Revenue:   14.33 SC
    

    Now I look at my balance:

    Confirmed Balance:   52.66 KS
    Unconfirmed Delta:  +0 H
    Exact:               52663150826231897283178540630 H
    

    That's weird.
    Locked collateral (reported) decreased.
    Some revenue earned.
    But the balance has not increased! Just the opposite, it decreased too...
    Was 53.67KS four days ago, is 52.66KS now.



  • A quick check at transaction list shows me some new "likely collateral locking" transactions, totaling in -1.8KS.
    One -1000.00 SC including.
    If I assume that there are invisible earnings transactions, that looks again possible.
    As I added a little bit storage and some old contracts completed, I believe there are a couple new "bigger than previus" contracts. And so I assume that all my shared space is again reserved for existing contracts.
    I'll continue to lower pricing gradually till it reaches 500SC/TB/month, but the most interesting point for me will be if the locked collateral increases (or my reported balance decreases).
    If not, I'll know that all my space is already reserved, just not used yet. That would mean I have to add more storage instead of lowering the price.



  • Please keep on posting, I'm so curious to see how it works out for you and I really hope SIA will make it!



  • There is not much to report...
    I continue to lower my price by 5SC a day.
    There is near no change in contract count or usage or any other resulting number...

            Contract Count:               122
            Transaction Fee Compensation: 102.5 SC
            Potential Fee Compensation:   560 SC
            Transaction Fee Expenses:     0 H
    
            Storage Revenue:           87.3 SC
            Potential Storage Revenue: 495.2 SC
    
            Locked Collateral: 44.46 KS
            Risked Collateral: 1.292 KS
            Lost Collateral:   0 H
    
            Download Revenue:           3.53 mS
            Potential Download Revenue: 19.1 mS
            Upload Revenue:             2.935 SC
            Potential Upload Revenue:   14.56 SC
    

    17 days Since last restart :

    RPC Stats:
            Error Calls:        299
            Unrecognized Calls: 33
            Download Calls:     2073
            Renew Calls:        13
            Revise Calls:       7123
            Settings Calls:     244688
            FormContract Calls: 183
    

    Reported were 122 contracts (for 3 days unchanged), so I decided to restart my node to see the actual contract count.
    After restart the only one number that changed was the contract count and shows I have 117 active contracts.
    RPC stats are reset to zero of course.

    And, the reported balance:
    Confirmed Balance: 52.23 KS
    Unconfirmed Delta: +0 H
    Exact: 52234835252831304706591459168 H
    It is again a little bit lower than previous time.
    Looking at my host on SiaHub.info I see there is no change for three last days, except the earnings decrease because I lower my storage price.
    I'll try once more to add more storage next week to see if something changes. I am not sure the 500GB I added last time was the reason of the bump in utilisation.



  • I'm a newbie on SIA but looking at your numbers and statistics they make some senses, you earn a little bet less than 5 SC/day for your <300MB storage used and it shows in your storage revenue. 300MB used out of 5.5GB is almost 6% which is pretty good considering that the platform average is 2% and your prices are way above the 100SC price average. What you seem to ignore are the fees, they are above the revenues this could explain your balance going down. I haven't figured out how the fees are calculated, as I said I'm a newbie, but it looks like so far they are not to your advantage. I also noticed that your collateral are way above any kind of income you can expect, are you backing your platform to an offsite solution? in case of flood, fire,disk crash, robbery or others disasters, otherwise you might very easily lose your collateral. With your figures I don't have a clue to what happened to the the 19KSC discrepancy.



  • @lexmark
    I believe it is really a sort of bugs affecting the numbers shown by the siac host -v.
    So the numbers that seem to me at least "likely credible" are:

    • the number of active contracts (after restart of siad)
    • storage folder usage

    And these correlate well to the used storage:

    • storage and upload/download revenue (earned and potential)
    • risked collateral.

    Completely unbelievable seems the reported locked collateral. That simply can't be true if the balance reported by wallet is accurate. One of these numbers is incorrect, I just hope that the incorrect one is the reported locked collateral and not the balance reported by wallet module.
    And I know the transaction list does not show all transactions. Earned revenues are in invisible transactions. That is definitely a bug.
    As a host I don't pay any fees. Only transaction fees for submitting storage proofs and contracts to the blockchain. But these are so low that I don't take them into account.

    If you ask why do I do this like I do, that need a bit longer explanation.
    The short version (main reason) is- I am testing. I want to prove my belief that you don't need to be cheaper than others to earn some money. Or, if not, i'll know I was wrong...

    Yes, I am aware I risk real money. I know I would loose in case of a disaster.
    But I am to old to believe there is an easy profit possible without taking risk. So I have done most of possible to limit the risk. In case of flood or fire the lost collateral would be one of the least losses. I trust the hardware my host runs on. And that is not cheap. Of course, there are more things possible to do but that would be to expensive, I have not the funding to build a real datacenter with independent separate power and internet connections.



  • Oh, I think I got the reason for the reported locked collateral...
    If I look at the current numbers:
    Locked Collateral: 43.02 KS
    and that I have 5TB shared.
    There are some contracts still active from time I had set the collateral higher.
    I started with 1000SC as storage price and 3000SC as collateral for 1TB/month if I remember right.
    So my numbers won't be exact but at least should point the direction.

    I'll assume 45KS locked for 5TB data (44.4KS seen as reported). That means 9KS for 1TB.
    If divided by 1500SC/TB/month I get the result my 5TB are already reserved for 6 months.
    But as the default contract duration is 3 months (or it is expected to renew after 3 months), only half of the collateral is being locked for real.
    Hmm.
    That would make sense. And it makes my theory about "I am completely booked (logically locked) out" more likely to be true. That would mean "I will not get new contracts until previous expire" regardless what pricing for my services I set...
    So, that would also mean if I do not change the collateral per TB and do not increase the shared space (don't add more shared folders), It should not grow bigger than 45KS.
    The easiest way to test that would be by adding more space.
    So, if I add 1 TB more storage, the reported "Locked collateral" should rise by 9KS after a while and reach nearly 54KS.
    And the balance in wallet should drop by ~4.5KS and reach something around 49KS (as I expect some revenue from old contracts).

    I'll continue to gradually lower the storage price. Next stop is at 450 (have 495 at present). After that I'll "tweak" my collateral settings.

    If i look at my host usage graph for the 3m period, I clearly recognize there is a correlation between available (shared space) and used space. Every time I add more storage, there is a used storage step up too.



  • Added 2TB.
    A snapshot for the history:

    siac host -v
    General Info:
            Connectability Status: Host appears to be working.
    
    Host Internal Settings:
            acceptingcontracts:   Yes
            maxduration:          53 Weeks
            maxdownloadbatchsize: 83.89 MB
            maxrevisebatchsize:   83.89 MB
            netaddress:           sia.eters.lv:9982 (manually specified)
            windowsize:           24 Hours
    
            collateral:       1.5 KS / TB / Month
            collateralbudget: 75 KS
            maxcollateral:    15 KS Per Contract
    
            mincontractprice:          2.5 SC
            mindownloadbandwidthprice: 0 H / TB
            minstorageprice:           495 SC / TB / Month
            minuploadbandwidthprice:   50 SC / TB
    
    Host Financials:
            Contract Count:               112
            Transaction Fee Compensation: 122.5 SC
            Potential Fee Compensation:   535 SC
            Transaction Fee Expenses:     0 H
    
            Storage Revenue:           99.62 SC
            Potential Storage Revenue: 484.1 SC
    
            Locked Collateral: 43.02 KS
            Risked Collateral: 1.27 KS
            Lost Collateral:   0 H
    
            Download Revenue:           3.951 mS
            Potential Download Revenue: 18.68 mS
            Upload Revenue:             3.444 SC
            Potential Upload Revenue:   14.1 SC
    
    RPC Stats:
            Error Calls:        65
            Unrecognized Calls: 1
            Download Calls:     870
            Renew Calls:        9
            Revise Calls:       271
            Settings Calls:     32907
            FormContract Calls: 23
    
    Storage Folders:
        Used         Capacity      % Used    Path
        15.833 GB    249.913 GB    6.34      /storage1/siashared0
        21.466 GB    249.913 GB    8.59      /storage1/siashared1
        13.988 GB    249.913 GB    5.60      /storage1/siashared10
        14.235 GB    249.913 GB    5.70      /storage1/siashared11
        14.579 GB    249.913 GB    5.83      /storage1/siashared12
        14.470 GB    249.913 GB    5.79      /storage1/siashared13
        14.361 GB    249.913 GB    5.75      /storage1/siashared14
        14.827 GB    249.913 GB    5.93      /storage1/siashared15
        14.244 GB    249.913 GB    5.70      /storage1/siashared16
        5.348 GB     249.913 GB    2.14      /storage1/siashared17
        1.309 GB     249.913 GB    0.52      /storage1/siashared18
        1.460 GB     249.913 GB    0.58      /storage1/siashared19
        20.628 GB    249.913 GB    8.25      /storage1/siashared2
        0 B          249.913 GB    0.00      /storage1/siashared20
        0 B          249.913 GB    0.00      /storage1/siashared21
        0 B          249.913 GB    0.00      /storage1/siashared22
        0 B          249.913 GB    0.00      /storage1/siashared23
        0 B          249.913 GB    0.00      /storage1/siashared24
        0 B          249.913 GB    0.00      /storage1/siashared25
        0 B          249.913 GB    0.00      /storage1/siashared26
        0 B          249.913 GB    0.00      /storage1/siashared27
        18.161 GB    249.913 GB    7.27      /storage1/siashared3
        18.187 GB    249.913 GB    7.28      /storage1/siashared4
        17.486 GB    249.913 GB    7.00      /storage1/siashared5
        17.532 GB    249.913 GB    7.02      /storage1/siashared6
        17.989 GB    249.913 GB    7.20      /storage1/siashared7
        17.713 GB    249.913 GB    7.09      /storage1/siashared8
        15.863 GB    249.913 GB    6.35      /storage1/siashared9
    

    And

    siac wallet balance
    Wallet status:
    Encrypted, Unlocked
    Confirmed Balance:   52.71 KS
    Unconfirmed Delta:  +0 H
    Exact:               52712511327820875117829893426 H
    Siafunds:            0 SF
    Siafund Claims:      0 H
    
    Estimated Fee:       30 mS / KB
    

    So I expect the "Locked collateral" rise to something like 61KS
    and
    Confirmed balance to drop to near 44KS

    Lets wait...



  • @reinisp Yes the fees are small but so are the revenues, the fees are higher than the revenue about 120% fee, I don't understand how you can expect to make a profit out of this system. At the current rate and without the fees you earn just enough to pay for 10W of electricity I guess your system used a lot more than that.



  • @lexmark
    It is just... you can't make profit with hosting at present.
    Just look at any top 100 hosts. No one is earning more than 10SC a day. No matter how many contracts, available or used storage they have. The main hope for all hosts is the growing demand from renters.
    So it is a good time to test things out and prepare for the time people realize that storage on Sia is better than storage at Amazon, Microsoft or Google or whatever "conventional cloud storage".
    One of things to test and try is to minimize the operating costs. The "least loss" currently could be the siaberry project. But you can't really expect any profit even with that. 8TB drives are the best in $/Tb terms, but they still cost more than you can earn with current pricing in 2 years. And remember, a hosts shared storage won't ever be fully utilized (the remaining storage penalty).
    This is one of reasons I am not going to lower my price to such a low level as it is common at present. I am already earning the same amount of SC from my 280 GB used by renters as others get from a terabyte used.



  • Two weeks passed, time to take a snapshot.

    Host Internal Settings:
            acceptingcontracts:   Yes
            maxduration:          53 Weeks
            maxdownloadbatchsize: 83.89 MB
            maxrevisebatchsize:   83.89 MB
            netaddress:           sia.eters.lv:9982 (manually specified)
            windowsize:           24 Hours
    
            collateral:       1.5 KS / TB / Month
            collateralbudget: 75 KS
            maxcollateral:    15 KS Per Contract
    
            mincontractprice:          2.5 SC
            mindownloadbandwidthprice: 0 H / TB
            minstorageprice:           445 SC / TB / Month
            minuploadbandwidthprice:   50 SC / TB
    
    Host Financials:
            Contract Count:               140
            Transaction Fee Compensation: 190 SC
            Potential Fee Compensation:   587.5 SC
            Transaction Fee Expenses:     0 H
    
            Storage Revenue:           135.6 SC
            Potential Storage Revenue: 862.9 SC
    
            Locked Collateral: 45.57 KS
            Risked Collateral: 2.559 KS
            Lost Collateral:   0 H
    
            Download Revenue:           20.61 mS
            Potential Download Revenue: 2.017 mS
            Upload Revenue:             4.839 SC
            Potential Upload Revenue:   15.1 SC
    
    RPC Stats:
            Error Calls:        110
            Unrecognized Calls: 23
            Download Calls:     3321
            Renew Calls:        24
            Revise Calls:       4729
            Settings Calls:     68460
            FormContract Calls: 5
    
    Storage Folders:
        Used         Capacity      % Used    Path
        16.161 GB    249.913 GB    6.47      /storage1/siashared0
        21.877 GB    249.913 GB    8.75      /storage1/siashared1
        15.724 GB    249.913 GB    6.29      /storage1/siashared10
        15.984 GB    249.913 GB    6.40      /storage1/siashared11
        16.110 GB    249.913 GB    6.45      /storage1/siashared12
        16.085 GB    249.913 GB    6.44      /storage1/siashared13
        16.022 GB    249.913 GB    6.41      /storage1/siashared14
        16.333 GB    249.913 GB    6.54      /storage1/siashared15
        15.993 GB    249.913 GB    6.40      /storage1/siashared16
        7.009 GB     249.913 GB    2.80      /storage1/siashared17
        2.957 GB     249.913 GB    1.18      /storage1/siashared18
        3.154 GB     249.913 GB    1.26      /storage1/siashared19
        20.841 GB    249.913 GB    8.34      /storage1/siashared2
        1.728 GB     249.913 GB    0.69      /storage1/siashared20
        1.627 GB     249.913 GB    0.65      /storage1/siashared21
        1.816 GB     249.913 GB    0.73      /storage1/siashared22
        1.825 GB     249.913 GB    0.73      /storage1/siashared23
        1.585 GB     249.913 GB    0.63      /storage1/siashared24
        1.732 GB     249.913 GB    0.69      /storage1/siashared25
        1.552 GB     249.913 GB    0.62      /storage1/siashared26
        1.741 GB     249.913 GB    0.70      /storage1/siashared27
        18.388 GB    249.913 GB    7.36      /storage1/siashared3
        18.488 GB    249.913 GB    7.40      /storage1/siashared4
        17.734 GB    249.913 GB    7.10      /storage1/siashared5
        17.998 GB    249.913 GB    7.20      /storage1/siashared6
        18.317 GB    249.913 GB    7.33      /storage1/siashared7
        17.834 GB    249.913 GB    7.14      /storage1/siashared8
        16.035 GB    249.913 GB    6.42      /storage1/siashared9
    

    and

    Wallet status:
    Encrypted, Unlocked
    Confirmed Balance:   55.39 KS
    Unconfirmed Delta:  +0 H
    Exact:               55393041096818614205240021389 H
    Siafunds:            0 SF
    Siafund Claims:      0 H
    

    My expectations are not met...
    Reported locked collateral has increased but not to what I expected. And "risked collateral" has doubled, but the storage space used by renters has increased only by ~11%.
    And wallet balance has increased not decreased as I expected...
    And the reduced price has resulted more in reduced expected earnings than more increased usage.
    The reason for that could be that my high pricing holds my host off from top200 and that means that existing renters do not even ask for my hosts settings. On my renter node I still see totally outdated data of my host... but in the hostdb.log I find:

    2017/09/16 21:52:14.237643 scan.go:339: Performing scan on 200 online hosts and 200 offline hosts.
    2017/09/17 00:38:43.150031 scan.go:339: Performing scan on 200 online hosts and 200 offline hosts.
    2017/09/17 04:09:12.437431 scan.go:339: Performing scan on 200 online hosts and 200 offline hosts.
    2017/09/17 11:15:30.150692 scan.go:339: Performing scan on 200 online hosts and 200 offline hosts.
    

    I suspect that once you are pushed out of top 200, you never get queried again.
    So I have to continue the price reduction to get into top 200 again. Though, that does not guarantee my host getting queried ever again from existing nodes, as these assume my host has price over 500SC and resulting score puts my host into #260, so out of "worth scanning" list.

    So the next stop will be at 400SC/TB/month, that would be roughly what in my opinion is justified if the coin price on exchanges does not rise substantially. And that would be the point where I should start to reduce the collateral offered.



  • Uh. All my latest assumptions were wrong...
    Still hovering around #250 in ranking score but getting new big contracts and new data uploaded.
    https://siahub.info/host/1687
    Expected earnings are above 5SC/day again. Though, by hosting more data.

    But the problem with estimating/controlling the collateral is not solved.
    2/3 of my allowed collateral are reported to be locked (50KS), but only 1/3 (25KS) have left my wallet.
    So if I continue to get many new contracts I'll run out of collateral...


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