Storage Provider Earnings
This document explains how payouts and earnings work for Storage Providers on the ScPrime network. For a closer look into projected earnings for Xa-Miner owners, see the document linked below.
How Earnings Work
Note: ScPrime is a permissionless network that is built to heavily favor data storage sales via a company called Xa Net Services. Our focus is on making this a profitable low power mining operation that you can earn passive income for several years to come, but today there is no possible way to know what payouts will look like as the network undergoes change and brings on more customers and storage partners.
Rent
Providers enter into smart contracts primarily with SCP, Corp for sales to business and enterprise customers. Through this contract, SCP is exchanged between the host and renter on a continuing basis until the contract is concluded. While on an Xa-Miner, pricing and other contract settings are automatic, with a ‘homemade’ host, costs of storage, upload and download fees, contract length, etc, are set by the provider who is encouraged to stay within guidelines set by SCP, Corp to qualify for additional incentives. As contracts conclude, rent is paid automatically as coins are released from the locked contracts to the provider.
Current recommendations for pricing are $4 USD per terabyte/month based in SCP.
Incentives
While rent payouts are based on contract cycles (typically 30 day increments), incentives are paid monthly to providers for each storage instance that follows project guidelines (Xa-Miners do this automatically). Incentives serve two purposes currently; while our product is in beta, incentives supplement provider earnings when rental income is modest, and encouraging provider cost consistency as well as rewarding uptime as the network and project grow.
Current Incentives Guidelines
Follow Guidelines to participate in the following Incentive programs
Pricing below $4 USD per TB/mo (based in SCP)
Collateral at 1.5x
Calculations
Used Space pays 55SCP/TB/Mo
Continuous Time in Service Multiplier – Not Used Yet
Location – Not Used Yet
Performance – Not Used Yet
Auditability – Not Used Yet
You’ll notice there are other inventive categories that aren’t used yet, but will come into play as XNS secures more customers and storage partners.
