[Hilarium ICO Talk] EOS Ram Market price’s sharp rise

Let’s learn about RAM market in Eos. 

Due to the recent increase in RAM trading, the ram price has risen so that there is a lot of controversies in the community.

To operate EOSIO, BP has a server computer with more than certain specifications. One of the components of this computer, the representative BP or reserve BPs must have at least the same RAM size. The current RAM size for now is 64 GB.

In EOSIO, the main use of RAM is the storage space of data for frequently read / written items.

Because of its limited storage capacity, to prevent efficient use and reckless waste of use of Dapp services - a market economy has been introduced and the price fluctuates according to the demand/ supply for the limited storage space.

EOS RAM pricing model

Bancor algorithm is used to determine the ram price. Simply put, the price is determined by readjusting (calculating) the total amount of Purchased and Sold for each transaction.

Price 0.1241 EOS (in 1 kb) = (2,886,775.8590 EOS 23,805,045,803 RAM) * 1024
For the RAM price information, you can use the website that provides the price using the above calculation.
https://www.eosrp.io/
https://www.feexplorer.io/EOS_RAM_price
https://www.marketstackd.io/

EOS RAM Market Issues

For efficient use of RAM, which is a limited computer resource, it was originally intended to be determined by the demand / supply of the developers, as general investment is not related to actual use the phenomenon that is contrary to the original purpose is appearing seems to be a general idea that it will be entry barrier of the Dapp developers who are important for the EOS ecosystem.

The actual 64GB of RAM installed on the servers operated by BPs cannot be considered small compared to the actual capacity used, but the price is rising too much by another trading demand (not for actual use).

There is also a lot of capacity for actual use, which means that the price of RAM has risen, and it is not seen as a problem that can be solved simply by increasing the physical capacity.

It is not a problem that can be solved by criticizing users who purchased for trading from a Ram market designed by EOSIO.

In our opinion it might be resolved if we purchase it when we want to use RAM. In EOS, transaction fails in the state of insufficient RAM, and we think it may be only wasting of charges like In Ethereum.