Minebox Guide: Smart Peer To Peer Data Cloud Storage Blockchain Box?
Minebox is a smart data storage box that utilizes the blockchain to provide a secure cloud storage solution. Read our review to find out how Minebox works.
What is Minebox?
Minebox claims to be the most powerful NAS (network attached storage) ever. It’s a smart data storage box that connects to a peer-to-peer cloud storage network powered and secured by a blockchain.
Minebox is basically like a micro datacenter. The physical Minebox (available in 8TB or 16TB varieties) acts as your own personal cloud. That cloud is dedicated to you and you only. It promises to be secure, safe, and reliable.
Where does blockchain technology come in? Minebox is kind of like a small bank, in that you can earn Bitcoin or Siacoin by renting your unused Minebox space.
To earn cryptocurrencies with Minebox, you just plug it in, then connect it to the internet. Everything else is done by the device.
Another key feature is the peer-to-peer network that lets you store data locally and enjoy backups in a decentralized cloud. So your data is secure on your physical device, but it’s also available from the cloud should anything go wrong. The advantage is obvious: there isn’t a single point of failure. Your data is backed up in multiple regions of your choice.
Minebox is currently available to preorder at a price of 750€ (8TB) or 1470€ (16TB).
Here are some of the key features on Minebox:
Protect What Matters to You: Control your own valuable files in a secure platform.
Backup: Minebox automatically backs up your encrypted data in multiple locations on a peer-to-per network for redundancy.
Monetize: Make your hard drive smarter by automatically renting out your unused local disk space. You earn Bitcoins or Siacoins. Using this process, your storage unit can continuously generate money.
Private Keys: Your private keys ensure your data is yours forever – no matter what. You generate a private key which can recover the data even if the device gets stolen, or if the hard drive crashes or experiences any other type of disaster.
Accessible from Anywhere: Access Minebox from anywhere. You can access your files on the go, then run different services – like your own chat or media servers.
Military-Grade Encryption: Before your data is uploaded, Minebox protects it with military-grade encryption so nobody else can view or change it.
Plugins: Minebox comes with various plugins. The storage unit’s OS is built on Linux. Some of the plugins available include Discrouse, BTSync, Couchpotato, Deluge, Headphones, OwnCloud, OpenVPN, Plex, Rocket Chat, Sickrage, and Sonarr. You can do everything from run a PVR for TV shows to accessing a media server.
Minebox Tech Specs
Minebox comes in two different versions, including an 8TB and 16TB version. Aside from storage space, the two have very similar tech specs:
HP Model: HP ProLiant MicroServer Gen8 G1610T
HP Model Version: 819185-001
Processor: Intel Celeron G1610T 2.4GHz
Number of Processor Cores: 2 cores
Cache Memory: 2MB (1 x 2MB) L3 cache
Memory: 4GB (1x4GB) PC3L-128000E DDR3 UDIMM (2 x 4GB for the 16TB model)
Network Controller: HPE Ethernet 1Gb 2-port 332i Adapter
Storage Controller: HPE Dynamic Smart Array B129i Controller
Hard Drive: 2 x Seagate IronWolf 4TB (2 x 8TB for the 16TB model)
Internal Storage: 4 LFF NHP-SATA HDD CAGE
PCI-e Slots: 1 standard (1-Low Profile) PCIe 2.0
Power Supply: 150W
Fans: One non-redundant system fan ships standard on all units
OS: x OS 1.0 (this is a modified version of Rockstor (CentOS) with modifications on the kernel and block devices; xOS uses the BTRFS filesystem (you can download a demo of x OS here)
Form Factor: Ultra Micro Tower
Warranty: 1 year parts
Size and Dimensions: 229.7 x 232.4 x 245.1mm (both storage size options are the same physical size)
Who Made Minebox?
Minebox is made by an Austrian company based in Gablitz. You can contact the company by email at [email protected]
The company was created by Vlado Petrushev (CEO and COO) and Andreas Petersson (CTO). Petrushev previously worked at IBM and contributed to the Storj distributed storage project. He also worked as a consultant for Blockchain.info on market strategy-related topics. Petersson, on the other hand, is best known for creating the Mycelium Bitcoin wallet. He also ran the world’s first German-language Bitcoin podcast and co-founded Bitcoin Austria and GPS Spot GmbH.
You can view the full Minebox team here.
Minebox is currently available to preorder today from Minebox.io. Here’s how pricing breaks down for preorders:
- 8TB: 750€
- 16TB: 1470€
Being an early adopter comes with some advantages. The prices above are lower than the final retail price will be. Early adopters also enjoy priority shipping. Plus, you get a 1-on-1 session with the company founders where they explain how to get the most out of your Minebox. More importantly, preordered Minebox units come pre-loaded with Siacoin, so you can start buying storage space immediately. You can convert Siacoin into Bitcoin, Ether, Monero, and other blockchain-based assets using Shapeshift.
How Much Money Can You Make with Minebox?
Minebox lets you earn Siacoin and Bitcoin by selling your storage space. But how much money can you actually make?
The best way to check your earnings potential is by visiting SiaPulse.com, where you can see the real prices and storage options for Minebox users around the world. At the moment, the company has around 250 hosts with a collective storage space of 1,131TB. The total network spending is $31,000 per month.
Right now, the average rental price is about $7.01 per TB per month. Hosts can adjust their prices based on their region or demand. You can allocate as much or as little storage space to the network as you want. Some hosts allocate 3TB of space, for example, while others allocate just 50 to 75GB.
Using SiaPulse.com’s price tracker, you can track data center locations worldwide. You can view pricing information over a set period of time (anything between 6 hours and the entire timespan of Minebox).
Minebox has the potential to change the world of data storage solutions. Like other blockchain-based projects, it could democratize the industry to provide lower prices and better service. Stay tuned for more information about Minebox as the platform continues to roll out around the world.