Storj Blog

March Farmer Payouts



We would like to extensively thank our community members for their patience while we audited farmer payouts for March. We committed to distributing payouts by April 30 and we are pleased to share we have met that goal and payments are currently underway. If you review the payout sheet and find any discrepancy you need to have reviewed, please contact support@storj.io and submit any supporting evidence you have.

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In the two weeks since we announced we would make changes to our farmer payout criteria, we have made progress! We are close to finishing SIP9, and in our final testing phase. SIP9 will change the way we identify and rank farmer node reputation and store data across the Storj network. SIP9 includes many changes, but in general, farmers operating nominally with higher availability will receive more contracts than farmers who have lower availability.
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At the beginning of this year, our team announced we were working toward an updated architecture that would allow the network to scale to exabyte capacity. As part of this announcement, we also revealed we would be pausing new user signups to ensure accessibility, reliability, and integrity of our current customers’ data. As a provider of decentralized cloud storage, ensuring data integrity is essential, and our current customers who actively store data on the Storj network are extremely important to us as we continue on our path toward re-architecting the network and building different use cases for decentralized storage.

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Since we launched the Storj network, our growth has been phenomenal. In the last six months alone, we’ve scaled the amount of data stored by about 50 percent each month. Today, we are storing over 30PBs on the network! We anticipate that the recent partnerships we’ve entered into will fuel this growth even further, pushing the use of the network from petabytes to exabytes.

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Today, the Storj Labs team is pleased to announce our STORJ token is now supported on ShapeShift, one of the top instant digital asset exchanges in the world. This marks another milestone for Storj Labs, as ShapeShift’s API will enable companies integrating with Storj to leverage smart contracts to exchange STORJ for other digital assets in real time. Other STORJ token holders can also swap STORJ for a wide array of digital assets without having to store them on a centralized exchange.

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