ASP of NAND Flash to Continue Falling 3~8% in 3Q23
ASP of NAND Flash to Continue Falling 3~8% in 3Q23
TrendForce predicts that NAND Flash wafers will be the first to see a price hike in 3Q23 as prices for module products such as SSDs, eMMCs, and UFS will likely continue to fall due to tepid downstream demand. Consequently, the overall ASP of NAND Flash is forecast to continue dropping by about 3~8% ...
There are already 2TB SSDs available for less than 80€ and prices are expected to go even lower.
I agree with Artic Mine and believe storage is not going to be a problem for Monero and that the only real bottleneck is upload speed.
What do you think?
Anyone tight on space can just prune their node and get another 5 years out of the same space. By the time monero is 1tb people will have 20tb in their phones.
I checked the costs of drives today at my local shop. At 1TB NVMe SSDs are cheaper than HDDs and surprisingly cheaper than the 2.5" SSDs I still hear people complain that SSDs are too expensive
Yeah, at some point SSDs get so cheap that HDDs are more expensive just because they require more raw materials.
Technology will keep improving, but I don't think Monero scaling should allow a long-term increase that's on the optimistic side of these projections.
Bitcoin clearly still works and has demand despite the limited block size, so Monero should grow more conservatively than it currently does after it permits as many transactions per hour as Bitcoin.
I see the dynamic size as a downward pressure against high fees. I don't see high fees at peak times as a failure, like some people see them.
It is a failure, mastercard does not have higher fees at peak times. Do you know why, because people would not use their service if they did.
At peak times fees should go down if anything. More transactions = more rewards for miners thus fee per TX should go down. This is how a functioning blockchain handles fees. Bitcoin is broken.
Sadly, you can only guarantee that fees will stay at the same amount (or drop in your example) if we assume infinite scaling. Suppose 10 TB of transaction data shows up and wants to be mined into the next block. Fees only stay at the same value if you widen the block size to 10 TB. If you didn't, then some people would be willing to pay more than others to get into the next block.
I wonder if the monero blockchain could be made with more sequential reads and writes than random reads and rights in order to increase storage speeds. Maybe that is already happening?
more sequential reads and writes
That mainly speeds up syncing for HDDs right? I am not sure but I think the nature of the blockchain might make sequential reading and writing impossible.
It seems to help on SSDs, just not as much
The point you made about it being impossible due to the nature of the blockchain is probably right,. Sequential writes might be possible because you don't edit the previous parts of the blockchain, sequential reads wouldn't work because you need to read the past of the blockchain in order to verify transactions
@monerobull What if someone doesn't have 80€ ? By raising the cost of running a node you cut off the very demographic you're supposed to serve.
The chain is currently 170 GB, people who can store it now will be able to store it at the same price or most likely way cheaper than what their 256 GB SSD costed many years from now when the chain is 10 times bigger. If 2 TB SSDs are halving in price every 1-2 years, smaller SSDs that are already cheap become cheaper too.
@monerobull The current size of the chain is already unacceptable for most users (even after pruning). People are not going to buy new hardware to accommodate a growing chain, they'll switch to centralized providers.
Also, I think it's reasonable to assume that everyone will be getting poorer in the coming years.
@silverpill @monerobull
its interesting reading the responses in this thread. There are too many root assumptions in this generation which are not rooted in an awareness of reality... only what has been for the last 10 years. Which is an absolutely ridiculous way to view the world.
Stop assuming that comsumer technology will keep growing at the rate is has the last 10 years.
It wont.
In fact, ossification is already occurring, and you dont understand the cycles of history.@[email protected] is correct to want efficiency which doesn't rely on the collapsing economies of continual growth.
