Market Research on market size and growth

Used Sia storage:


Privacy. Security. Freedom

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Was there some trigger that caused the usage to start going vertical earlier this year?

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Yes, the Sia Foundation. It took them 5 years to conclude that the mass, the mass of people on the planet are not ready to move to decentralized data storage and create a foundation to support the process.


Privacy. Security. Freedom

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25 days for filecoin to go from 12 EiB to 13 EiB

0-1 EiB after 87 days
1-2 EiB after 58 days
2-3 EiB after 45 days
3-4 EiB after 35 days
4-5 EiB after 26 days
5-6 EiB after 29 days
6-7 EiB after 28 days
7-8 EiB after 21 days
8-9 EiB after 19 days
9-10 EiB after 19 days
10-11 EiB after 17 days
11-12 EiB after 17 days
12-13 EiB after 25 days

Chia network still around 36 EiB, been almost 3 months at about that size.

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I wonder what is the total size of the worlds de-duplicated data sets.

I also wonder what data means?

  • Papers :white_check_mark:
  • emails / comms :white_check_mark:
  • photos :white_check_mark:
  • music :white_check_mark:

But what about log files, all video and temporary data etc. ? Video is huge as we know, but with cameras al over the planet continually recording I wonder if it’s even possible to store that. Perhaps looking at the max possible data that can be created (something like max b/w per compute device * num devices?)

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If you didn’t see it, here is a topic thread you might like about the information catastrophe.

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Is that data stored or space available? I know space was mental, but data lagging, great if data is actually increasing now though.

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It looks like actual data stored. Available space is at multiple exabytes.

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Brilliant news then :+1: There is a market for sure, always good to have more visibility

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Today filecoin reached 14 EiB farming capacity.

38 days for filecoin to go from 13 EiB to 14 EiB

Looks like the growth in both filecoin and chia farming are slowing down considerably (not shrinking, just not growing as quickly).

0-1 EiB after 87 days
1-2 EiB after 58 days
2-3 EiB after 45 days
3-4 EiB after 35 days
4-5 EiB after 26 days
5-6 EiB after 29 days
6-7 EiB after 28 days
7-8 EiB after 21 days
8-9 EiB after 19 days
9-10 EiB after 19 days
10-11 EiB after 17 days
11-12 EiB after 17 days
12-13 EiB after 25 days
13-14 EiB after 38 days

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Normal “S” curve of technology adoption. A bit early though which means a very flattened “S” curve

I dont think chia has grown at all for 3 mnth personally. If anything it looks like a tiny decline, but nothing really worth mentioning.

Filecoin reached 15 EiB farming capacity yesterday. That’s 42 days to add the most recent EiB of storage capacity.

29.2 PiB being stored.

0-1 EiB after 87 days
1-2 EiB after 58 days
2-3 EiB after 45 days
3-4 EiB after 35 days
4-5 EiB after 26 days
5-6 EiB after 29 days
6-7 EiB after 28 days
7-8 EiB after 21 days
8-9 EiB after 19 days
9-10 EiB after 19 days
10-11 EiB after 17 days
11-12 EiB after 17 days
12-13 EiB after 25 days
13-14 EiB after 38 days
14-15 EiB after 42 days

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https://www.chiaexplorer.com/charts/netspace?period=3m

Chia network size in 3 months has gone from 36457 PiB to 30961 PiB, a drop of ~15%

A little surprising to me after such an incredible first year of growth. This is a steady drop, not just a blip from farming variance. The full history of netspace doesn’t look so bad though!

The price of chia token XCH in the last 3 months has gone from $140 to $80, so that might partially explain the drop in storage?

Looks like about 100K txs per day on the network - source

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Quite a few have lost faith due to price, the database ( local copy of chain ) getting easily corrupted, problems syncing, problems farming, randomness of rewatds etc.

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The price and reward distribution I can understand as being out of your control, but these other things sound like software QA that can (easily?) be fixed. Kinda surprised if they aren’t getting fixed since that’s pretty essential and fixable stuff. Maybe I’m missing some detail about why it’s still an issue.

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I agree, these things shoud be able to be easily fixed, but they dont seem to be happening.
It seems , although i could be wrong, they are more interested in adding new features.

I guess a few farmers having a few issues is not that much of a concern, as theres always enough nodes online to push through transactions.

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Looking at the full history of chia farming, it’s incredible how fast the rise was at the start. From 3EiB in May to 30EiB in July, that’s 10x in 2 months. https://xchscan.com/charts/netspace

Putting it into some real world context, say a photo on your phone is 5MB, then 30EB would store about 6.5 trillion photos, which in 2 months is a rate of 109 billion photos per day or about 1M photos per second.

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I have about 1000 photos in my phone. 30EB would allow 6.5 billion people like me to have all their photos uploaded. Earths population is 7.8 billion, so roughly speaking, everyones photos would just fit in there.

OK, many false assumptions there, everyone is not like me and not everyone in the earth aged between 0 and death, has a smartphone. But to give a scale.

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