First revenue reported.
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.
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.
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.
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
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
Confirmed balance to drop to near 44KS
@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.
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
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.
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...
So, nothing interesting happened in the last 3 weeks. Updated to the "release candidate" version 1.3.1.
But no numbers except contract count have changed as a result.
Today a big contract expired:
2017/10/11 07:38:08.832593 storageobligations.go:851: file contract complete, id 57fe2bb4b6bce56ab060e473d9b97b30943548c4fc5409e49b3c9e2b391ec8c0 2017/10/11 07:40:31.417025 storageobligations.go:558: Successfully submitted a storage proof. Revenue is 173495373688234423181377536.
But the weird errors did not disappear (i hoped for them to end by upgrading to the 1.3.1 version).
These are less frequent now:
2017/10/11 09:39:25.598720 storageobligations.go:574: Missed storage proof. Revenue would have been 2500000000000000000000000.
But the suspicious thing is they have the same 2500000000000000000000000 expected revenue.
In the last month since I added 2 more terabytes to the shared space and gradually reduced the storage price to 400 the utilization grew slowly and reached again 6%. As the complete contract that ended today was over 100GB, utilization dropped to 5%.
So, for the history snapshot of the
siac host -v:
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: 400 SC / TB / Month minuploadbandwidthprice: 50 SC / TB Host Financials: Contract Count: 125 Transaction Fee Compensation: 217.5 SC Potential Fee Compensation: 657.5 SC Transaction Fee Expenses: 0 H Storage Revenue: 310.4 SC Potential Storage Revenue: 1.037 KS Locked Collateral: 53.93 KS Risked Collateral: 3.326 KS Lost Collateral: 0 H Download Revenue: 22.63 mS Potential Download Revenue: 0 H Upload Revenue: 10.55 SC Potential Upload Revenue: 15.42 SC RPC Stats: Error Calls: 150 Unrecognized Calls: 65 Download Calls: 7628 Renew Calls: 98 Revise Calls: 2988 Settings Calls: 71578 FormContract Calls: 29 Storage Folders: Used Capacity % Used Path 14.454 GB 249.913 GB 5.78 /storage1/siashared0 20.036 GB 249.913 GB 8.02 /storage1/siashared1 13.468 GB 249.913 GB 5.39 /storage1/siashared10 13.942 GB 249.913 GB 5.58 /storage1/siashared11 14.177 GB 249.913 GB 5.67 /storage1/siashared12 14.294 GB 249.913 GB 5.72 /storage1/siashared13 14.105 GB 249.913 GB 5.64 /storage1/siashared14 14.286 GB 249.913 GB 5.72 /storage1/siashared15 14.022 GB 249.913 GB 5.61 /storage1/siashared16 11.237 GB 249.913 GB 4.50 /storage1/siashared17 7.311 GB 249.913 GB 2.93 /storage1/siashared18 7.613 GB 249.913 GB 3.05 /storage1/siashared19 19.013 GB 249.913 GB 7.61 /storage1/siashared2 5.968 GB 249.913 GB 2.39 /storage1/siashared20 5.985 GB 249.913 GB 2.39 /storage1/siashared21 6.275 GB 249.913 GB 2.51 /storage1/siashared22 6.140 GB 249.913 GB 2.46 /storage1/siashared23 5.964 GB 249.913 GB 2.39 /storage1/siashared24 6.099 GB 249.913 GB 2.44 /storage1/siashared25 5.817 GB 249.913 GB 2.33 /storage1/siashared26 6.103 GB 249.913 GB 2.44 /storage1/siashared27 16.211 GB 249.913 GB 6.49 /storage1/siashared3 16.328 GB 249.913 GB 6.53 /storage1/siashared4 15.473 GB 249.913 GB 6.19 /storage1/siashared5 16.106 GB 249.913 GB 6.44 /storage1/siashared6 16.286 GB 249.913 GB 6.52 /storage1/siashared7 15.720 GB 249.913 GB 6.29 /storage1/siashared8 14.223 GB 249.913 GB 5.69 /storage1/siashared9
Wallet status: Encrypted, Unlocked Confirmed Balance: 53.9 KS Unconfirmed Delta: +0 H Exact: 53902911347492013571251348200 H Siafunds: 0 SF Siafund Claims: 0 H
The numbers for collateral still do not sum up.
And contract completion transactions (earned coins) still do not show up in the