Understanding Economic Viability

Disclaimer… I know nothing. That being said I am very interested in this project. I have one question which is hanging in the back of my mind. From what I understand miners get filecoin for storing and delivering file data. Filecoins can be traded for real world dollars. Yet, it was mentioned that miners would charge people who retrieve to pay for bandwidth. This seems to imply that the cost of mining is greater than the cost of the physical assets to deliver the service.

Am I missing something here?

Hey @HapticMonkey, yes miners get paid for mining on the network and it is up to them to decide how much to charge their clients. We are still working on some of the details here but I disagree that the cost of mining is greater than the cost of delivery. Based on what’s out there, miners can charge users for retrieval but they also don’t have to.

That’s good to know. I just wanted to get some clarification here before investing my time into this technology. Thank you for getting back to me.

Hap