We all have a home computer and internet connection. Mostly home computer are not used by anyone and also the internet bandwidth. So our home computer are almost a waste(not at all). But what if i told you that you can earn mony from your unused computer without having heavy graphics card, yes it is true. Many of us don't know about hard-disk rental. If we talk about today's technology you can rent your hard-disk and earn money from it. In this article you will learn "How to rent hard-disk and earn".
There is big market for hard-disk rental. If you talk about this type business, this is but in the early stage. There are market leaders like Sia, Storj and Bluezelle.
Sia has 1.6 peta bytes of storage and market cap of $0.1 billion, and now you can imagine the potential.
Here is how decentralised cloud storage works or you can say blockchain based hosting service and hard-disk rental.
All businees need storage to store their data. Most business uses cloud storage service means they store their data. Most business uses cloud storage means they store their data on remote server and instantly their from anywhere. Cloud storage needs lots of space, hardware and massive cooling requirements.
The cloud storage market is estimated to reach $89 billion by 2022. Top leaders are Microsoft, Amazon, IBM, Salesforce.com, and SAP.
The cloud storage industry is rapidly maturing but there is a chance of improvement in cloud storage service. They are centralized(cloud service).
Now we all know about blockchain technology this is new big thing.
A new market is evolving that is decentralized cloud storage service.They are centralized(cloud service).
Now we all know about blockchain technology this new big thing. A new market is evolving that is decentralized cloud storage service.
Note- Centralised data storage can be hacked, that will effect user's privacy.
But here in the decentralized cloud storage network, the data is not stored on any single sever, the data is encrypted and then disributed over decentralized network. The data is stored in blocks, that is decentrlized, that means no can access the data except the owner, this makes the decentralized cloud storge service most secure then other sevice.
Decentralized network is network of computers.
If you have internet connection and computer you can also be the part of this decentralized cloud storage network.
Some leading platforms are-
(1) Siacoin
(2) Filecoin
(3) Storj
(4) MaidSafe
Blockchain is future invest wisely.
Rent your hard drive and earn.
If you want to be part of this network you can follow this steps-
- Sia needs some investment
- filecoin is in testing
- Storj is fully functional
- I don't use maidsafe
I will explain for Storj
Steps
(1) First go and download storj
(2) Create ERC 20 ethereum wallet for payout.
(3) Double click on the downloaded set up and install it.
(4) Now copy the wallet adderss and paste this in payout address field.
(5) In order to start mining you will need a place to store the downloaded file. click on browse to select the where you want store. And you also need to allot some space to use for storj mining.
Now you are ready to go click on start after sometime it will start to mine storj, it will not use your processing power, it will only use your storage.
If you want to do serious mining of storj scale up your storage.
